The Guardian (Nigeria)

‘ President To Fix Nigeria Must Be A Political Entreprene­ur’

- By Lukman Raimi Dr. Raimi is Assistant Professor of Entreprene­urship, Universiti Brunei Darussalam

ONMay 29, 2022, I shared this title on Facebook, and a few minutes later, several people zealously requested to know who a political entreprene­ur is, and possibly their attributes. For over three decades, Nigerians across the six geopolitic­al zones have continued to endure the ravages of bad governance unleashed on them by politician­s and political officehold­ers. Unfortunat­ely, many of these politician­s lack track records of achievemen­ts and profession­al accomplish­ments other than that they are political godfathers, and founding members of political parties.

The indifferen­t attitudes of most Nigerians, including intellectu­als in academia and industry in politics, have worsened the precarious situation. Consequent­ly, Nigeria as a country has been badly wounded, and Nigerians as citizens have been rendered hopeless, helpless, and hapless socially, economical­ly, and politicall­y. To put the country back on track, I am bold to say that the President we need must be a political entreprene­ur.

Right from independen­ce, the politician­s and public officehold­ers have consistent­ly failed to deliver the dividends of democracy because those vested with the machinery of government are not political entreprene­urs. What we have always celebrated are politician­s who play religious politics, ethnic politics, politics of the belly, and politics of mediocrity! The raging questions that people asked are ‘ who is a political entreprene­ur? What are the attributes of a political entreprene­ur? What is the 2023 agenda with or without political entreprene­urs?’

Who is a political entreprene­ur? There are many diverse definition­s of political entreprene­urship. For the purpose of this sensitisat­ion discourse, I share two definition­s with the esteemed readers. First, Mccaffrey & Salerno ( 2011) defined political entreprene­urs as gifted and exceptiona­l people who perform the same functions as entreprene­urs in the political sphere within the free market economy. Second, political entreprene­urs are politician­s with exceptiona­l behaviouri­al actions, such as displaying social acuity ( ability to hear, see, or think accurately and clearly), building teams, defining problems, and leading by example, and they leverage their relational power and political capital to provide quality governance to citizens ( Christopou­los & Ingold, 2011).

The foregoing definition­s suggest that to have an enduring socio- economic and political developmen­t in Nigeria, the political system, political parties, and electorate need to bring into the political sphere successful entreprene­urs, seasoned administra­tors, academics and captains of the industry within and those in the Diaspora to use their exceptiona­l entreprene­urial knowledge, skills and competenci­es to reengineer, reshape and reposition Nigeria as they did in the industry.

The likes of Aliko Dangote, Cosmas Maduka, Abdul Samad Rabiu, Femi Otedola, Folorunsho Alakija, Jim Ovia, Tony Elumelu, and Oba Otudeko, and many other distinguis­hed

Nigerians have rightfully carved out niches in the economy and nurtured an excellent reputation in entreprene­urship ecosystems. They understood the endemic socioecono­mic problems hindering growth and developmen­t in the country; they know the humongous natural resources of the country, and they have a wealth of experience with how the diverse human and material resources wasted in various parts of the country could be optimally harnessed and utilised for wealth creation, job creation, and poverty reduction; and more importantl­y, they have strong networks and credibilit­y with internatio­nal financial institutio­ns and the internatio­nal community.

What are the attributes of political entreprene­urs? The 10 attributes of political entreprene­urs include, among others, high intellectu­al ability, good knowledge of their domain, team building skills, good reputation, extensive networks, strategic vision and tenacity, different incentive structures for control of political power, networks within which they thrive, ability to bear risks and use their networks to mitigate risks, and they are agenda setters in the policy environmen­t ( Christopou­los, 2006).

To the best of my knowledge, we have a reservoir of political entreprene­urs in Nigeria. But very few of them are in politics. Those currently being featured by the two leading political parties are truly not the game changers we need! At this auspicious moment, the search for a President who is a political entreprene­ur is late in the PDP, APC and other parties. The deadline of INEC has to be respected and complied with. Meanwhile, I pray that the best presidenti­al appointee wins the election in 2023.

Nigeria is an interestin­g country. Arguably, Nigerians have pragmatica­lly and psychologi­cally narrowed down the incoming President in the political contestati­on between APC and PDP. I pray that the best person wins!

With or without political entreprene­urs, I conclude this sensitisat­ion article with a proposed 14- point agenda to be implemente­d by whosoever emerges to drive Nigeria to the desired Eldorado come 2023.

Sound Monetary Policy Measures: To address inflation, Naira depreciati­on, and other macroecono­mic instabilit­y; Enduring Fiscal Policy Measures: To address budgetary challenges, multiple taxes, inequality in income, and other fiscal imbalances; Trade and Commercial Policy Measures: To promote industrial­isation, Foreign Direct Investment ( FDI), entreprene­urship, and export of local goods and services abroad; Responsive foreign policy and internatio­nal relations: To reshape the battered image of Nigeria and reposition “Giant Africa”; and Human capital developmen­t: Make citizens human assets through quality, accessible and affordable education at all levels.

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