Nigerian Times

Governance

Re: Nigeria, SWFs, and the Resource Curse? Two New Papers

EKENYERENGOZI Michael Chima

Nigeria, SWFs, and the Resource Curse? Two New Papers “Sovereign Wealth Fund (SWF) is not the magic wand that can turn around the economy and welfare of the majority of Nigerians, but true federalism. If Nigeria can be run like a true federal democracy, the country would be transformed, but the rogues in power want to continue using public funds to play their games of Monopoly and Totopoly in and out of the corridors of power.What we need in Nigeria is not the SWF, but accountability and transparency in public service and an end to the impunity of the corrupt ruling class.$3 billion was collected as bribes by public officers in a single year in Nigeria!Without accountability and transparency in governance, the SWF will be mismanaged and looted by the same kleptomaniacs in power..”

Nigeria is at the Bottom of 2011 Global Prosperity Index

EKENYERENGOZI Michael Chima

Nigeria is at the Bottom of 2011 Global Prosperity Index Nigeria is ranked 104th out of 110 countries in the 2011 Global Prosperity Index, a worldwide assessment of wealth and quality of life.Nigeria’s best ranking is at the 54th position in social capital and the worst is her 108th position in governance.BOTTOM 10 101 Zambia 102 Kenya 103 Mozambique 104 Nigeria 105 Sudan 106 Yemen 107 Pakistan 108 Ethopia 109 Zimbabwe 110 Central African RepublicThe Legatum Prosperity Index(TM) [http://www.prosperity.com/_ ]) provides the world's only global assessment of national prosperity based on both wealth and well-being. The Index assesses 110 countries (accounting for over 93% of the world's population and 97% of the world's GDP) and ranks them based on their performance in eight sub-indices, including Economy, Governance, Personal Freedom, and Social Capital. "We want to assess the long term drivers of prosperity," said Jeffrey Gedmin, President a

Mr. President, You Said It All

EKENYERENGOZI Michael Chima

Mr. President, You Said It All: AT Age 51 Nigeria Is Still In a State of Institutional Collapse Because of Leadership Disorderliness?Sir, the depth and enduring nature of Nigeria’s institutional woes has proved fertile ground for psychological analysis and guidance. And here is why: Professional psychologists remain vast about the institutional effects of instability in regards to human hardship as in many of life’s grittier issues; among them are hopeless, pain, helplessness and general nostalgia.Sir, these psychological issues are direct consequences of Nigeria’s disordered and ungoverned politics with ongoing massive negative effect on the masses. Ironically and notably, this same institutional disorderliness brings fraudulent gains to many in charge of our institutions.Sir, in your speech to mark Nigeria’s 51st anniversary of independence from British colonial powers in a just, open and despondent manner, you talked about institutional and systemic bre

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