Collapsed Economy: CACOL Calls On Buhari’s Govt To Go Beyond ‘Sloganeering And Phraseologies’

Although we are headquartered in Washington D.C. USA, our reporters and editors are working around the globe to cover what you care about. Become our exclusive member and help us keep our quality news free and available for all.

The All Progressives Congress government headed by President Muhammadu Buhari has failed to bring out the positive economic change it promised Nigerians during the last presidential campaign, the Coalition Against Corrupt Leaders, CACOL, said on Tuesday, and called on politicians in power to go beyond ‘sloganeering and phraseologies’.

CACOL said with the apparent biting economic situation, the Buhari government should wake up from “its inability to recognise that governance is much more about pro-action than sloganeering and phraseologies”.

The organisation described as unacceptable “a situation where “almost every aspect of the polity is in crisis owing to government failure”.

“The truth is that the present economic situation is a manifestation of the non-profundity and the lack of preparedness inherent in the ‘change’ the APC-led Federal government rode upon to win the general elections in 2015 basically,” CACOL said, adding that “it reflects the futility of ‘cosmeticism’ and redecoration as strategic approaches for revamping an economy already in woe”.

Mr. Debo Adeniran, Executive Chairman of CACOL said ‘’the regime has failed to clearly stamp its economic ideology, direction or principle which could be used to prove, that indeed, there is a ‘change’ economically and that it is moving toward alleviating the painful situation of the-people, particularly the poor who forms the majority”.

“At best, the economic direction can be described as ‘foggy’ and this appear to be consciously made so; with the scenario riddled by contradictions, somersaults, illogicality, indecisions and uncertainties. This is what is at the background of the present economic hardships; where the people are battling with challenges for very basic needs; from food to housing, power to energy and from education to employment etc. and with government appearing hapless.’’

In CACOL’s view, “any economic order predicated mainly on the neo-liberal dictates of the IMF/World etc. would always prioritise every issue from the perspective of profit; that has and still remain the bane of the economy, and this is linked with the political will to alter the cause of the subsisting existing economic order.

The organisation said “the privatisation of the commanding heights of the Nigerian economy; a neo-liberal decision is what is really behind the crises in the Power, Oil, Education, Health sectors and some others”.

CACOL’s Executive Chairman noted that ‘’prior to now and till now, no government since 1999 has attempted to implement or even bother about what Chapter 2 of Nigerian Constitution says, the ground norm upon which government is instituted;and that is why there is no social protection for the extremely poor. A political will to begin to make social economic rights as enshrined in chapter 2 of the constitution enforceable would be a departure from the past which will indicate clearly the direction of government socio-economically. As for everything economically in Nigeria presently, it is cob-webbed and indeed foggy.’’

“It’s no gainsaying to affirm that any economic direction that will not alleviate the sufferings of the vast majority of the people will be tantamount to elevating their pains and worsening their situation of existence, thus the least that the government can do is to adopt a social welfarist approach that will embrace the provisioning for; social security for the extremely poor, a situation to ensure equitable distribution of resources and avoiding the concentration of wealth in the hands of a privileged few; affordable housing, education system that will leave no child out of school, a health care system that will be accessible to all and infrastructures that will facilitate the enabling environment for business and enterprise’’.

[/read_more]

Read full article

TODAY NEWS AFRICA
TODAY NEWS AFRICAhttps://todaynewsafrica.com
TODAY NEWS AFRICA is registered and headquartered in Washington, District of Columbia, United States of America. Our publication is widely read, respected and influential. By providing daily answers to questions our readers have about the people, the businesses and the continent of Africa, we are reaching a diverse and wide audience from around the world. Our readers, many of them world leaders, trust us because we are independent and truthful. Our advertisers understand the difference between news, views and ads. Contact us: contactus@todaynewsafrica.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending Now

MOST POPULAR

Watch President Donald Trump’s latest explosive interview in full where many of his lies were debunked

In this explosive interview, President Donald Trump discusses his mishandling of the coronavirus pandemic, the upcoming election, the human rights icon,...

U.S. police used excessive force against Black Lives Matter protesters at least 125 times in 10 days, Amnesty International says in new findings

Amnesty International on Tuesday released a new report documenting mass violations by the police in the United States against Black Lives...

South Africa’s grocery retailer Shoprite announces plans to exit Nigeria amid economic crisis

South Africa's grocery retailer Shoprite on Monday announced plans to exit Nigeria amid an economic crisis caused by a shrinking middle...

With 17.5 million infections and 680,000 deaths, and with no cure or vaccine, WHO says beating COVID-19 still revolves around social distancing, hand hygiene and respiratory etiquette

With 17.5 million people infected and 680,000 deaths, and with no cure or vaccine, the World Health Organization (WHO) said on...

South African President outraged, says profiting from coronavirus pandemic “is like a pack of hyenas circling wounded prey”

The South African President Cyril Ramaphosa expressed outrage on Monday over those who attempt to profit from the ravaging coronavirus pandemic,...
- Advertisement -

LATEST STORIES

WHO says developing countries would have access to successful coronavirus vaccines if more nations support COVAX financing initiative

The World Health Organization (WHO) said on Thursday that developing countries, including many in Africa, would have access to successful coronavirus...

How we have covered the COVID-19 story in Africa and around the world – Perspectives by Simon Ateba

Over the past few months, we have seen how the COVID-19 story has evolved. From there is a virus, there's no...

Three IMF economists pen must-read op-ed on corruption and COVID-19, even as African governments receive billions of dollars in loans

Three IMF economists have penned down a must-read op-ed on corruption and COVID-19 as African governments receive billions in loans. The opinion...

African Development Bank officially releases communique clearing Akinwumi Adesina

The Bureau of the Boards of Governors of the African Development Bank on Wednesday officially released a communique clearing the bank's...

IMF approves $49.1 million loan for Lesotho to respond to COVID-19 economic fallout

The International Monetary Fund (IMF) on Wednesday approved $49.1 million loan for Lesotho to respond to COVID-19 economic fallout.

[/read_more]

Read full article

error: Alert: Content is protected !!
Share
Tweet
Share
Reddit
WhatsApp