The News Chronicle
  • About Us
  • Advert Rates
  • Contact Us
  • Privacy Policy
Thursday, February 2, 2023
Advertisement
ADVERTISEMENT
  • News
    • Breaking
    • Business
    • Celebs
    • Sports
    • Africa
    • Technology
    • World News
  • Social Diary
    • Events
  • Columns
    • Monday
    • Tuesday
    • Wednesday
    • Thursday
    • Friday
    • Sunday
    • Opinions
    • Editorial: Our Stand
  • TNC TV
  • Interviews
  • Books
    • Reviews
    • Author Profiles
  • Entertainment
  • Gossip
No Result
View All Result
  • News
    • Breaking
    • Business
    • Celebs
    • Sports
    • Africa
    • Technology
    • World News
  • Social Diary
    • Events
  • Columns
    • Monday
    • Tuesday
    • Wednesday
    • Thursday
    • Friday
    • Sunday
    • Opinions
    • Editorial: Our Stand
  • TNC TV
  • Interviews
  • Books
    • Reviews
    • Author Profiles
  • Entertainment
  • Gossip
No Result
View All Result
The News Chronicle
No Result
View All Result
  • News
  • Social Diary
  • Columns
  • TNC TV
  • Interviews
  • Books
  • Entertainment

Path Naija News » Opinions » Settling accounts

Settling accounts

Kenechukwu Obiezu by Kenechukwu Obiezu
2 months ago
in Opinions
Reading Time: 3 mins read
A A
0
ADVERTISEMENT
Share on FacebookShare on TwitterShare on Whatsapp

With the administration of President Muhammadu Buhari gradually winding to an inauspicious end, it appears that those who should themselves be blamed for Nigeria’s many woes have themselves swept Nigeria into a season of blame.

In the last couple of days, there have been accusations and counter accusations about who is to blame for the multidimensional, multifaceted and multifactorial poverty confronting millions of Nigerian families and crippling the future of many Nigerian  children.

RelatedPosts

Raila Odinga

Musings After 48 Hours with Raila Odinga

February 2, 2023
Buhari Officer

Buhari Will See Himself As A Public Officer If Nigeria Were Not An Outlier And An Anomaly

February 2, 2023
Alabo (Dr) Nengi

Militarized PAP; Nengi and Suspended Students

February 2, 2023

In a stirring demonstration of what data can do, the revelations by the National Bureau of Statistics that about 133 million Nigerians are trapped in debilitating poverty has rattled those who have questions to answer about why Nigerians are so poor.

Failing to cough up any convincing answers, they have instead turned on each other with the presidency first accusing state governors of creating the problem and the state governors wasting no time in returning the favour.

Aleph Hospitality Continues Africa Expansion With New Upscale Hotel In Ghana
Trending
Aleph Hospitality Continues Africa Expansion With New Upscale Hotel In Ghana

Of course, the sudden and suspect  spike of concern for Nigeria’s poorest may have everything to do with the elections coming up  next year as Nigerian politicians are champion opportunists  who are master artists only when it comes to painting each other black.

An oily derivation.

In 1956,Nigeria struck gold in the fields of Oloibiri, Bayelsa State with the discovery of oil in commercial quantities.

With the country on the cusp of independence, it appeared the gods had themselves let prosperity fall into the laps of Nigeria.

Many years later though, the reception that was at once all raucous and positive has turned riotous and poisonous. For one, the Niger Delta has been torn apart with very little  done to ensure that oil exploration is commensurate to the measures taken to ensure that the region and its people are adequately cared for.

Each time the long-suffering people of the Niger Delta turn up the heat of their  bitterness on the rest of Nigeria, they are quickly reminded that for all their troubles, thirteen per cent of  everything Nigeria makes from its oil resources is given them for their development.

And it appears that for all they have received by way of derivation since 1999,the region remains scandalously underdeveloped.

As part of its subtle attempts to stir  the hornet’s nest, the federal government recently revealed that it has so far released about N625.43  billion naira in two years to oil states regarding derivation, subsidy and sure-p refunds with a whopping N1.1 trillion naira still outstanding.

This revelation came just as one  of the governors brought up the issue by stating that he was using the funds to provide infrastructure in his state with the necessary implication that the governors in the other states were not just doing enough.

The Peter Obi Factor and the 2023 General Elections
Trending
The Peter Obi Factor and the 2023 General Elections

The governors involved have since clapped back at the federal government, releasing statements in their bid to pour cold water on the thorny question of the serial underdevelopment of the Niger-Delta region and  what has scandalously remained one of the most embarrassing failures of the modern Nigerian state.

It would appear that for all the good people of the Niger-Delta say about just how much Nigeria has failed to be equitable to them, so much of the  problems plaguing them  have been created  by those who  but for atrocious avarice should have been desperately eager to see that a region lain waste by egregious exploitation is repaired as much as it can.

Yet, the question rumbles on about  accountability with respect to  utilization of the funds so far released as derivation funds, and just how much they have been put to use for the most vulnerable people of the Niger-Delta.

Advertisement. Scroll to continue reading.

There are also questions  about  just how much of the funds have ended up in private pockets.

The question whips up the difficult subject of corruption which has been as much a problem in the Niger-Delta as it has been in Nigeria.

Ajaokuta Steel And Buhari’s Renewed Pledge
Trending
Ajaokuta Steel And Buhari’s Renewed Pledge

Were Nigeria not so poor with data, perhaps the exact  amount of money stolen from the country since 1999 would be known, and the knowledge enough to force Nigerians to finally take concrete action to demand change in their desperately ailing country.

By now, Nigerians are familiar with the shenanigans  the Niger- Delta Development Commission (NDDC) have come to embody, and how much of those shenanigans are financial.

Beyond the barefaced politics that is afoot between the federal government and the oil states, it is crucial to remember that very vital  questions still swirl about how much the funds dubbed ‘Derivation funds’ have been utilized and just how much have been diverted for other purposes.

Kene Obiezu,

keneobiezu@gmail.com

Hot Gist

  • Bukayo Saka: The Rising Star at Arsenal FC
  • I am A Northern Christian: Deconstructing Dr Shehu Mahdi
  • “I was disappointed by [Wole Soyinka’s] uncharacteristic silence between 2015 and 2019” – Farooq Kperogi
  • The Story Vault. #1. Love

Tags: Nigeria today

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Previous Post

QATAR2022: Senegal’s elimination in the knockout round deepens Africa’s nightmare in the World Cup

Next Post

2023 Health Budget and Mandatory Insurance

Kenechukwu Obiezu

Kenechukwu Obiezu

Related Posts

Raila Odinga

Musings After 48 Hours with Raila Odinga

February 2, 2023
Buhari Officer

Buhari Will See Himself As A Public Officer If Nigeria Were Not An Outlier And An Anomaly

February 2, 2023
Alabo (Dr) Nengi

Militarized PAP; Nengi and Suspended Students

February 2, 2023
Arm Yourselves With Your PVCs To Entrench Positive Change, CLO Chieftain To Nigerians

PVC and Holy Ghost Fire!!

February 2, 2023
Nigeria’s Development Prospects Lowered By IMF Amid Negativity And Conflict

Watch out, the Ides of 28th February!

February 2, 2023
Tinubu Buhari

‘They Don’t Know How To Think’: A Look At Tinubu’s Belated Cry For His Vanishing Presidential Bid 

February 2, 2023
Next Post
2023 Health Budget and Mandatory Insurance

2023 Health Budget and Mandatory Insurance

ADVERTISEMENT

What's New?

Reaching the Last Mile and Speak Up Africa launch initiative to mobilize youth leaders in support of efforts to eliminate neglected tropical diseases (NTDS) in Africa
AMA

Reaching the Last Mile and Speak Up Africa launch initiative to mobilize youth leaders in support of efforts to eliminate neglected tropical diseases (NTDS) in Africa

by
February 2, 2023
0

Youth leadership initiative will provide funding, mentorship and resources to youth-led organizations working to end NTDs in their communities Participants...

Read more
Outstanding Allowances

Outstanding Allowances: NSCDC Hierarchy Denies Plot by Personnel to Boycott 2023 Elections

February 2, 2023
Raila Odinga

Musings After 48 Hours with Raila Odinga

February 2, 2023
Prev Next
ADVERTISEMENT
ADVERTISEMENT
  • © 2022 The News Chronicle