Financial Vanguard

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Vanguard, MONDAY, APRIL 1, 2013 — 19

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wo weeks ago on this column, I wrote on why Nigerians should not blame the colonial masters for the problems facing the nation, but Nigerian leaders, who have failed the nation because of their class interest. Up till last week, readers were still sending their reactions. One of such is this article below.

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N 1914 when Lord Lugard amalgamated the Northern and Southern Protectorates to form what is known today as Nigeria, he was under no illusions what his real motives were. Faced with the increasing cost of administering the vast lands of Northern Protectorate, it was to the purse strings of South that he looked to bell the cat. Lord Lewis Harcourt was reported to have declared that; “We have released Northern Nigeria from the lending strings of the treasury. The promising and well conducted youth is now on an allowance on his own and is about to affect an alliance with a southern lady of means. I have issued the special licence and Sir Fredrick Lugard will perform the ceremony. May the union be fruitful and the couple constant.” According to F. Nicholson: “Instead of developing things and administering service, Lugard had been preoccupied with the wide spread extension of rule over people, an undertaking so unprofitable that it made the amalgamation of the viable South and the bankrupt North both far more urgent from the point of view of the home government and far more difficult than the joining of two viable administrations would have been. The immediate task was to free the home government from the expensive millstones, which Lugard had fastened round its neck and to transfer the whole burden to a new amalgamated Nigeria." “As soon as the 1914 Amalgamation came into force, the British government enacted the Minerals Ordinance, 1914, in-

The Structure of Nigeria vesting all the minerals including oil and gas in Nigeria in the British Crown. This was not amended until 1958 - two years to our 1960 independence.” (Richard Akinjide). At independence in October 1960, the Federal Government took the place of the British Crown and that structure is intact today under our various Petroleum enactments. From regional governments to the formation of states by the military government in 1967, the central government has retained control of mineral and oil resources.

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nder the brief period of civilian rule between 1979 and 1983, this structure was preserved but was now backed by the constitution and a revenue sharing enactment. The parties to the revenue sharing were the Federal Government, State Governments and Local Governments, which the military had introduced as the third tier of government. The situation has not changed much since the return to civilian rule again in 1999, the only slight alteration being in tinkering with the revenue sharing formula. Additional provision has now been made for states from which the bulk of oil and gas resources are derived. Even at that, these allocations do not go directly to the people in the communities where there is oil and gas but to their state governments and other statutory formulations. Copying from the British Crown, successive administra-

tions have perfected the act of forming artificial entities for handling allocations of revenue. These are the 596 ministries, departments and agencies of governments including committees, commissions, and task forces both statutory and non-statutory. Yearly, they formulate budgets on our behalf but without inputs from Nigerians which they

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By KINGSLEY OMOSE

dure for budgeting and approval is pretentiously long but at the end of the day, everyone in the set-up gets compensated. Knowing that all that stands between them and direct access to what now runs into trillions of Naira yearly are elections that they have to plan, organise and conduct, our political rulers see no reason why they should

Of all government ministries, agencies and departments, the Revenue Sharing and Allocation Commission is the most efficient

submit to their relevant legislatures which when approved have the force of law. In military governments, the soldiers were both the requesting and approving authorities and even the executive and legislatures in a democratic government usually belong to the same political party. Of all government ministries, agencies and departments, the Revenue Sharing and Allocation Commission is the most efficient. It ensures that the Federal, States and Local Governments get their share of revenue allocation on or before the 26th of each month. Having legitimised access to revenues, being part of government became the easiest means of having direct access to these revenues and how they were disbursed. Under the civilian governments, the proce-

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not manipulate the electoral process to ensure their perpetual reign. We have men and women, who under some altruistic purpose, are actually helping themselves to the resources of the state like the British and the military before them. To these people, the issue has never been and will probably never be about the Nigerian people but about the sustenance of a structure which dutifully served the British and the military. Talk of rotation of power among the geopolitical zones and of power shift between the North and the South are but mere variants of the same structure. Now, it is the turn of politicians who claim that they represent the interest of the Hausa-Fulani and before that, it was the turn of politi-

cians who claimed to represent the interest of the Yorubas. Next will be the mother of all battles between politicians who claim to represent the interest of the Ibos and those who claim to represent the interest of the Ijaws and other tribes of the South-South. In the midst of all these alignments and repositioning, the mass of Nigerians have remained poor, unhealthy, uneducated, unemployed, homeless, hungry, destitute and abandoned. But at the first hint of trouble, those with direct access to state resources and those who want direct access will play the ethnic, religious or gender card to achieve the desired result.

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his is what the structure of Nigeria is all about, not people but access to state resources as it was under the British colonialists and the military oligarchies. Meanwhile, the mass of Nigerians across all geo-political zones, religions and ethnic considerations are suffering from the same basic problems. We gained true independence from the British after the Nigerian civil war while we gained independence from the military after the June 12 elections and the death of MKO Abiola. But we are yet to gain independence from our political overlords who presently rule Nigeria and are prepared to do so in perpetuity. I cannot pretend to know at what cost that independence will be obtained from the political ruling class, but the price will be steep. If any blood must be spilled, then it has to be the blood of Nigerians so that evil men will not seize that opportunity to unleash the forces of hell in their attempt to preserve their unhindered access to state resources.

Business & Economy

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HE Group Managing Director/Chief Executive Officer (GMD/CEO) of First City Monument Bank (FCMB) Plc, Mr. Ladi Balogun, has reiterated the need for the introduction of measures that would ensure the well-being of Nigerian children and the youth from cradle to adulthood. He made this submission at an event to celebrate the 12th anniversary of Bethesda Child Support Agency in Lagos. FCMB is a major sponsor of the agency, which is a nongovernmental organisation (NGO) that has been providing free and qualitative education to orphans and vulner-

FCMB renews commitment to children, youth able children in four communities across Lagos and Ogun states. Mr. Balogun, who presented a book titled, Bethesda: An Evolution!, stressed that as an integral segment of the society, the educational, socio-economic and other welfare needs of children and the youth, “should be accorded priority in all facets of our national life. It is imperative that we provide the right en-

vironment, skills and attitude to realise their potentials so that they can contribute meaningfully to national development.” The FCMB helmsman explained that the bank’s support for the agency derives from, “Our commitment to actively invest in different communities, institutions and causes that would impact positively on not just individuals, but the society as a whole”. While de-

scribing the evolution and success story of Bethesda as "amazing, Balogun commended the agency and its parent arm - Freedom Foundation - for sustaining their objectives of discovering and restoring hope to children. He assured that the bank will continue to offer its support towards actualising these objectives. The Project Coordinator of the Bethesda Child Support

Agency, Mrs. Nkoyo Rapu, stated that “Our success is directly linked to the support system of a vibrant, committed and active group of people who play different roles in sustaining the project", adding; “We are happy to see that our efforts are yielding appreciable results; transforming lives and improving the wellbeing of our children.” Mrs. Rapu expressed gratitude to FCMB for "staying the course and always being there for us.” She informed that plans are ongoing to build permanent school structures in the four communities where the agency has presence.


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