Termites in The House

Nigeria Political Economy

The incoming All Progressives Congress (APC) Government has accused President Goodluck Ebele Jonathan of “defecating in the seat” he is vacating. This very graphic but unpalatable imagery used to describe the outgoing government is perhaps excessive and if one were to search for a more diplomatic way to cast it, it might go something like, “under Goodluck Ebele Jonathan’s watch, the structure of our economy got well and truly infected by termites” and now, there are termites in the house!

One crisis the Jonathan administration will definitely leave behind is the energy crisis (both fuel and electricity). Nigeria’s energy crisis has as much to do with greed and avarice as with technical and logistical challenges. Nigerians have seen subsidy payments totaling over N400billion were wrongly paid (in 2011 alone, not to speak of subsequent or prior years) against fraudulent invoicing at least according to the Aigboje Aig-Imokhuede panel. However, this…

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