Iyabo Obasanjo writes on the article by ex-CBN gov Charles Soludo

January 29, 2015 10:19 am

What she wrote below …

Professor Soludo’s article on the elections in is the best
writing I have read recently on the real situation politically and
economically in Nigeria. The well-articulated response from Dr. Fayemi
compared to the abuse infused response from Femi Fani-Kayode on the PDP
side is a great example of the contrast of the status-quo compared to
the alternative. 

Whatever the case and I don’t expect miracles form APC but right now they have more thinking people than the PDP.
As a Yoruba person, Dr. Fayemi’s response is how we expect our educated
elite to take up issues and not the mad ranting’s of Fani-Kayode.

I agree with most of his premise but I do not think they (APC) can take
up a massive public works program in a period of “famine” i.e. low oil
prices.

During the great depression when Roosevelt used public works to help
provide jobs, it was the stock market that failed i.e. Government
revenue was affected from tax income but income from exportation which
was then mainly agricultural goods was not affected.

The government could use money from its coffers to create jobs and
provide skills and training, which people could then use in the private
sector.

The best part of Dr. Fayemi’s response is that it is not elite focused.
Nigerian governance as I saw it was not a democracy but an elitocracy.
Govt of the elite by the elite for the elite and even if you grew up in
near death poverty once you left those circumstances you forgot where
you came from and concentrated on your immediate family and matters
affecting the well-being of the elite.

Changing this perspective to make the elite understand that their
wellbeing was in fact dependent on the wellbeing of the masses will be
APC’s challenge.

They are sourcing from the same pool of elite talent that every Nigerian
government has to source from and it is this pool that essentially has
to be different or we will find ourselves again at precipice as usual.
Iyabo Obasanjo DVM, Ph.D, a former Senator of the Federal Republic of
Nigeria wrote from the United States of America. 

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