Balarabe Musa: Nigeria needs economic restructuring for better governance


Former Governor of old Kaduna State, Alhaji Balarabe Musa, on Monday called for economic restructuring to ensure delivery of positive and impactful governance in the country.

Musa made the call few minutes after President Muhammadu Buhari delivered his New Year message to the nation.

The President had said in the speech that Nigeria’s problem was not the structure but process of doing things.

He argued that the country had tried many political systems in the past and dumped them because they failed to produce the desired results.Buhari said if things were done properly by all citizens, the country would perform better.

He also expressed regret over the sufferings Nigeria were going through due to the prevailing fuel scarcity, blaming it on unscrupulous activities of few people.

He promised to get to the root of the matter and sanction culprits.

But, Musa said the problem with Nigeria had always been leadership rather than structures, stressing that regional system failed because leaders were pursuing secessionist agenda.

Although he aligned with Buhari’s position that the process of governance needed to be improved, he faulted the current economic system in the country.

Musa said the economy was in the hands of the private sector, hence the impoverishment of the masses, and suggested the restructuring of the economy to ensure that the government played a greater role.The economy should be restructured. What we are operating now in which the economy is in private hands cannot help us.

“We should restructure the economy so that government can play a greater role for sustainable development,” he said.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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