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Home Commentary Analyst

Nigeria: A Potential Powder Keg

by Abdulrauf Aliyu
2 years ago
in Analyst
Reading Time: 4 mins read
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Uncouth is the word that pops into mind when witnessing the kind of politicking that seems to have become the norm in Nigeria, especially against the backdrop of a faltering economy, back-breaking inflation, insecurity, unemployment and poverty raising its cobra-like head again.

Pursuit of power is an integral part of politics as politicians and their parties can only fulfil their pledges and start implementing their manifesto once in office. But this pursuit must conform to democratic norms of conduct. It can’t be divorced from the ground reality.

Weeks ago, I had in my column illustrated with great lucidity the sort of economic hardship being faced by the people and that even members of the socioeconomic groups that earlier seemed immune from the vagaries of the downturn are now feeling the pinch, and many desperately so.

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When those with high six- and even low seven-figure monthly incomes are visibly suffering, it would be pointless to mention the miseries of the shirtless, those on low incomes or the unemployed, given that inflation is slightly above 20 per cent.

For the love of God, I can’t imagine how a family of four gets by even on 60,000 naira a month, double the minimum wage (you and I both know not too many make even that legal threshold), while having to pay rent, utility bills, school fees and, of course, putting food on the table. Must take some kind of magic, highly skilled jugglery to keep one’s head above water.

I have had friends telling me they have had to shift to lower rent homes and move their children to relatively cheaper schools. And even then, they can’t make ends meet. As a parent I can say the ‘downgrading’ of your children’s school must be the most heartbreaking thing to have to do.

Given the inflation, it is safe to say that the direct cash transfers being made under schemes such as NSIP to those at the bottom of the pyramid may help. But, hand on heart, tell me how many days the meagre cash transfers will enable a poverty-steeped recipient to put no more than just bread on the table?

Against this backdrop, Nigerian political leaders – among them those dubbed corrupt with their invective-laden diatribe against each other, mock the shirtless even as they enjoy their designer shoes/accessories, Birkin handbags with hefty $$$ tags, and their mansions or massive estates.

Even the most ‘frugal’ among them travel in SUVs that cost so much I can’t even dream of buying one. That is, despite having worked for nearly 20 years and pretty much having been fortunate enough to get some of the best jobs available in Nigeria. Yes, they mock the poor. There isn’t another way to describe what they do. Who really cares for the have-nots, beyond using them in campaign slogans?

Let’s admit it. The system is designed and perpetuated by the country’s political elites to serve their own narrow interests, while the teeming millions lurch from one hardship to another and celebrate as an achievement being able to survive from one day to another. Literally.

Not sure if they can see it from their cosy perches but the situation is fast becoming or possibly has become untenable. From outright narcissism to material greed to visions of grandeur, whatever makes our leaders tick, it is time they acknowledge that radical restructuring is the only way forward and the days of the elite profiting from a rentier economy are over.

There can be no escaping the need now for political leaders of different hues, in and out of government, to sit around a table and agree on a set of measures to revive the economy, a sustainable plan that spurs growth and job creation, boosts exports and cuts the eternally yawning current account deficit which is at the root of so many of our troubles.

The first and foremost aim of any economic policy has to be to target and eliminate poverty. Both sides of the political divide can blame each other for the mess but to an outsider both are culpable as they were short of imagination and ideas when there was space to make decisions of far-reaching import.

Pointless to talk about a defence expenditure cut as that is somehow seen as non-negotiable. But for how long. Many, many billions are given away in subsidies to the elite by the elite each year. These need to stop as they not only amount to plunder of national wealth but also distort the economy and make even the capitalist model, we so lovingly embrace unworkable.

The next census will show whether Pakistan’s population is 200 million or an even higher number. What we know already is that over 60 per cent of the country’s population is under 30. The proportion of the younger citizens is increasing every day in the country’s population.

This huge young segment presumably in good health has 30 to 35 good, solid years of a working life ahead of it. It is often called the youth bulge. Any country with such a large number of young people, decades away from retirement and pensions, would be seen as an asset. They are.

But in a flailing economy with rampant poverty and unemployment, this very asset can become a powder keg, a ticking bomb. Millions of jobless youths can get restive very quickly and unleash chaos. Can our leaders see this danger?

 

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