'Every time an oil price shock comes, Nigerian governments remember cutting our coat according to our cloth. But band-aid or plaster on the wound will not work this time.” Oil Crude Nigeria OilPrice Covid19
suggested the Federal Government would only survive the storms if it relaxes its stranglehold on power.
The 800-page report was submitted by the Presidential Committee on Restructuring and Rationalisation of Federal Government Parastatals, Commissions and Agencies in 2011. The recommendations, when fully implemented, would align revenue with expenditure. The remaining 90 per cent were either rejected or merely “noted” for future consideration, according to the 2014 White Paper on the Committee’s report, which the Muhammadu Buhari administration is now set to implement six years after. But the plan to dust up the 2014 White Paper, a government’s implementation document, in 2020 is now the subject of controversy.
“In Nigeria, it is the pursuit of legal plunder, as Frederic Bastiat suggested on the nature of man in the 1840s in France. So, those who advocate change come and seek to do more of what those they fought to replace used to do, which sows the seed of the next revolt.” “One thing a reader of the White Paper of the Oronsaye Report would see is that 90 per cent of the recommendations were rejected outright by government. What jumps immediately to attention is that wherever it seemed that the report undermined the unitary and centralised federal system, the government was quick to jettison the recommendation.
Adi argued that this has dire implication for growing the economy leveraging competent, goal-driven, private sector resources, and that nothing would be saved from recurrent expenditure which is more than 50 per cent of government’s annual budget. “It means that inefficiency, nepotism, corruption and mediocrity would continue to dictate the run of affairs in the nation,” he concluded.
Otobo observed that a credible implementation of the original document would be a significant development, especially viewed from the broader context of both public sector reforms and constitutional reforms.
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