Opinion: A Path To Economic Development, By Ebere Onwudiwe
In development, a large number of people or quantity of natural endowments don’t count – at least, not in the absence of merit and competence. A belief in merit and competence produces good governance, a sure path to economic development. Their absence spawns the ‘paradox of plenty’ or the so-called resource curse disease…
While a prominent feature of democracy is periodic elections, the imperative attribute of good governance is accountability. One does not lead to the other. Accountability is a primary quality of checks and balances, by which is meant those procedures that are put in place to diminish the risk of the centralisation of power. Before Abuja reaches for the revolver, let me explain what I mean.
Everyone knows that the most achieving countries of the world prioritise merit in large measure in both the private and public sectors of national life; this is true from Singapore to China to the U.S.A and many others. But God has blessed Nigeria a million times more than Singapore’s 5.64 million people, against our 205.92 million people. In her own divine wisdom, God also gave us over 200 mineral resources, including oil and humongous reserves of gas. Singapore, on the other hand, has only a little deepwater oil and a relatively paltry landmass of 709 square kilometres against our 910,770 square kilometres.
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