In the last episode, we looked at how insecurity in Nigeria is endangered by a prostrate supine government. We then proffered some panaceas including true fiscal federalism. Today, we shall continue the Nigerian panacea vide true fiscal federalism after which we will leap into the miracle of the Asian Tigers- and lessons therein for Nigeria. We shall further look at the European and United State’s experience in search of more lessons for Nigeria. Thereafter, we shall arrive at the “Big Picture” in searching for ways to fix Nigeria. Come with me.
NIGERIA PANACEA VIDE TRUE FISCAL FEDERALISM (continues)
In western Region, the late Sage, Chief Obafemi Awolowo, used proceeds from the coca product to build the Western Nigeria Broadcasting Corporation, the first television station in Africa, (1957); introduced free universal primary education and free health service; The liberty stadium and Cocoa House in Ibadan and the University of Ife (now OAU) were built by him. Because he controlled the resources of the West.
In the Mid west Region, Dr Dennis Osadebay spear headed the setting up of the Ughelli Glass Industry and the Okpellla Cement Factory, amongst others. What has changed? Why do we now operate a Unitary System of government, with centralized powers, a behemoth Central federal government and beleaguered, subservient states as federating units. Commissioners for finance congregate at Abuja at the end of every month to take state allocations under section 162 of the 1999 Constitution. Nigeria can never grow that way.
So much for the diagnosis. What about the prognosis? Is there a way back or out of this self-inflicted cocktail of challenges? If so, what does it take – and how do we realize or achieve it? In other words, what is the solution to the puzzle implied in
the title of this piece? How do we pull Nigeria from the brink? There is no doubt that there are no easy answers to these posers and it is simplistic to assume that what has been tried successfully elsewhere will necessarily work here. In other words, there is no one-size-fits-all solution. It is equally true, however, that, while it is fool-hardy to seek to re-invent the wheel, valuable lessons can be learned from those who have trodden similar paths as ours and have emerged stronger, more prosperous and stable in every possible way. Indeed, in some cases – particularly, the so-called ‘Asian Tigers’, their transformation from Third World status to First World economies, has been as dramatic as it is unprecedented. How did they achieve it? Is there any magic wand? Is it appropriate to apply them to Nigeria or would that be comparing grapes to apples?
THE ASIAN TIGERS: HOW THEY DID IT
I believe the answers to all these posers are self-evident, given the common history of backwardness and virtually complete non-industrialization (with the exception of Japan) which the so-called Asian Tigers shared with Nigeria at independence. This is because all the Tigers – South Korea, Taiwan, Hong Kong, Malaysia and Indonesia – were, like Nigeria, under prolonged periods of colonial and/or military rule. Even Japan, which was a relatively prosperous and industrialized society, prior to the Second World War, had to start virtually from scratch afterwards, following its defeat in that conflict. Accordingly, these comparisons are in no way odious. The question, then is: how did these countries do it? In terms of strategy, it appears that the following are key to the seeming miracle achieved by these erstwhile developing countries:
Investment in skills;
Advancements in Technology;
Engagement of specialized agencies;
Establishment of pilot projects; and
Involvement of International Agencies such as the U.N.
LESSONS FOR NIGERIA FROM THE ASIAN TIGERS
Scholars have suggested that Nigeria can benefit from the experience of the Asian Tigers in the following ways:
Formulating and implementing deliberate government policies;
Strengthening the development of agriculture;
Encouraging industrial development;
Developing small and medium scale enterprises (SMEs).
The following have also been proffered as additional take-away from the ‘miracle’ of the Asian Tigers, which can be adopted or applied profitably in Nigeria, viz:
Focus on exports. Domestic production should be encouraged especially targeted at exports, through government policies such as high import tariffs to discourage the latter;
Human capital development. This focuses on developing specialized skills aimed at enhancing productivity through improved educational standards;
Creating a sound financial system. A well- developed capital market will facilitate mobilization of capital for industrial and economic development;
Maintenance of political, social as well as macroeconomic stability;
Leadership that priorities citizens’ welfare thereby motivating labour to increase productivity;
Encouraging a savings culture in order to increase capital formation (preferably through private institutions);
Developing export-oriented industries to produce selected goods with a relatively competitive advantage in world markets,
The Specific Case of Japan
The following have been identified as lessons for Nigeria from the so-called ‘Japanese Miracle’, viz:
Massive investments in research and development with a view to developing, inter alia, efficient production techniques;
Adaptation of foreign/imported technology;
Massive investments in infrastructure and heavy manufacturing industries;
