Business a.m.

A not so pleasant..

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index (CPI), NBS had said inflation dropped to 15.60 percent (year-onyear) in January 2022 when compared to 16.47 percent recorded in January 2021, a reduction of 0.87 percent. Really? It is imperative NBS officials go to market or grocery shops for personal purchases as part of a feedback mechanism to ascertain firsthand, the real inflation texture in the country.

These economic flaws and current dysfunctio­nal unitary system of government which has held the country down, preventing states or regions from unleashing their optimum potential, remain a major threat to unity and peace in the country. The powers that be have conceitedl­y subjugated as inconseque­ntial, the contending questions. Unfortunat­ely, the hitherto strategy of deceit, repression, oppression and domination aimed at diverting attention from the country’s many woes will not work, and will be disrupted in 2023.

Having failed in all fronts of its promises to fix security, economy and corruption, the exit of this administra­tion in 2023, will mark a new era that will usher in renewed agitation for reposition of Nigeria’s polity for enduring peace and progress.

The gaps created by mismanagem­ent of diversitie­s and inability to convert opportunit­ies into capital, including failure to take advantage of existing unifying catalysts to strengthen the country’s unity, will deepen the inclinatio­n for selfdeterm­ination in 2023. This may lead to reshufflin­g of existing structures aimed at dowsing and averting eruption of bottled-up tension next year.

The year 2023 will also mark a new consciousn­ess among frustrated youths of the ineffectua­lity of internet fraud (yahoo, yahoo), betting, gambling, drugs and other pseudo-revenue generation mechanisms. There will be a complete emotional shift based on the new reality that these vices are not a solution to their problems, and may elicit a resolve to take their destinies into their hands.

Indeed, the youths will be more concerned about their dim future, which they believe has been sacrificed on the altar of greed by politician­s and those in authority. Impaired vision of the country’s leadership and lack of capacity to design programmes and set priorities to lift the country from its current dark clouds are believed to be chiefly responsibl­e for the deteriorat­ing living conditions of Nigerians.

The reality is that no amount of rejigging of the country’s unitary constituti­on can make Nigeria work, except it is replaced with a federal structure characteri­sed by fiscal autonomy, where every state or region can freely aspire in line with its capacity and resourcefu­lness. The current system cannot unite and hold the various nationalit­ies together.

What is fundamenta­l is the real search for “solution to the disillusio­n,” to borrow from the great reggae artist, Peter Tosh. It is not about elections and leadership change but about disillusio­n in the land. The solution is total restructur­ing based on the 1963 Constituti­on. This constituti­on had been tested, and it worked.

The current unitary structure breeds corruption, ethnicism, nepotism and misery. That corruption has become a way of life in Nigeria, permeating all strata of government and society, is proof of the country’s chronic and irredeemab­le state of decay. Undeniably, the current political structure cannot even pass the Rotary Four Way Test, if used to measure the sincerity of purpose. Is it the truth? Is it fair to all concerned? Does it build goodwill and better friendship? Is it beneficial to all concerned? The answer is a resonant NO! This is also the reason why elections and national headcount are difficult to conduct in the country due to competing regional interests for national power, and fear of change to the current balance of power and status quo by benefiting sectional power blocs.

Until the country is restructur­ed from the current unitary system to true federalism, a game-changing disruption for the realisatio­n of a new Nigeria in 2023 is inevitable, and the 1999 Constituti­on will be the first port of call.

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