• Friday, April 26, 2024
businessday logo

BusinessDay

133m ‘multidimensionally poor’ Nigerians: Buhari must own his failure

No one can blackmail me on unexplained wealth – Buhari

President Muhammadu Buhari suffers from a victim mentality. He takes absolutely no responsibility for anything that goes wrong under his watch. Instead, he treats legitimate and fair criticisms of his acute leadership failure and appalling performance as harassment. More likely, he’ll see this piece on the shocking levels of multidimensional poverty in Nigeria, fostered under his government, as harassment. Allow me to mimic Shakespeare: The man does protest too much, methinks!

Recently, in a documentary shown at a private event to mark his 80th birthday, President Buhari was asked whether he would miss anything about the presidency. He replied: “I wonder if I’m going to miss much. I believe I’m being harassed.” He continued: “I believe I’m trying my best, but still my best is not good enough because there are people around who think they can intimidate me to get what they want.”

Well, truth is, Buhari may praise himself for “trying” his “best”, but his “best” is simply not good enough. True leadership, true stewardship, is leaving a place better than you met it. What’s more, in true democracies, leaders are judged by whether or not they keep the promises upon which they were elected into power. Recently, in the UK, Liz Truss resigned as prime minister, saying: “I cannot deliver the mandate on which I was elected to office.”

Surely, Buhari’s government is economically illiterate. Otherwise, it would to know that high inflation, high interest rates, unstable and uncompetitive exchange rates, as well as protectionist economic policies undermine business growth and investment inflows

But President Buhari has failed monumentally to fulfil the promises by which he was elected in 2015, namely: to fix the economy, tackle insecurity and fight corruption. In 2019, when he was seeking re-election, Buhari repeated those promises under the acronym SEA – Security, Economy, Anti-corruption.

Despite failing to fulfil the promises in his first term, he was re-elected. At the start of his second term in May 2019, President Buhari told visiting leaders of the Arewa Consultative Forum: “This is my last lap,” adding: “I will try to work harder.”

Well, give it to him, Buhari accelerated some policies in his second term, mainly around legislation and infrastructure. But he has done nothing to move the dial forward in the three areas – economy, national security and anti-corruption – on which he was elected twice.

With barely five months left in office, Buhari will invariably leave Nigeria far weaker and far more fragile than when he assumed power in 2015. Indeed, merely counting the costs of economic failure, insecurity and corruption in his eight years in power, Buhari will go down as Nigeria’s worst civilian president.

Beyond the promises on the economy, security and anti-corruption, Buhari also ran on a platform of transformation, including decentralising power to achieve “true” federalism. But, to date, Buhari has undertaken no major, game-changing administrative, institutional and structural (political, economic, etc) reforms.

The civil service is more corrupt and more inept than he met it in 2015. He has politicised and weakened critical state institutions, such as the CBN and the EFCC.

Truth is, President Buhari is an idiosyncratic leader, who defines government through his narrow prism and personal predilections. He surrounds himself with sycophants and praise singers holed up in the Abuja echo chamber. He rejects the universal purpose of government.

He accuses those urging him to expand his horizon of harassment and intimidation, saying they’re “clever by half”. Yet, Buhari is a failed leader precisely because of his utter arrogance, obduracy and ineptitude. He refuses to engage intellectually and philosophically with the role of government and lacks the vision to drive radical change.

Yet, we must never stop reminding politicians of the role of government. drawing insights from Aristotle who said that politics is “primarily concerned with the development and actualisation of human flourishing” and Thomas Jefferson who said: “The care of human life and happiness is the only legitimate object of good government”. Between them, Thomas Hobbes and John Locke advanced the idea of the “social contract”, built around common security and protection of lives (Hobbes) and protection of property (Locke).

Well, all of that brings us to Nigeria’s 2022 Multidimensional Poverty Index (MPI) survey, published in November by the National Bureau of Statistics, NBS.

For there can be no greater indictment of the failure to understand the primary purpose and legitimate object of good government, and the social contract, than the outrageous results of the MPI survey.

With over 80m people living below an income of $2:15 a day (the new international benchmark for extreme poverty), Nigeria has the largest number of extreme poor in Africa and second largest in the world. But the MPI looks beyond the unidimensional measure of poverty; rather, it considers poverty across several areas of potential deprivations, such as sanitation, time to healthcare, food security, living standards. And the finding is dreadful: 133m Nigerians (63 per cent of the population) are multidimensionally poor!

But why should Nigeria be in such appalling position? According to the World Bank’s Poverty and Shared Prosperity Index 2022, the proportion of the world’s population living in extreme poverty fell from close to 60 per cent in 1950 to 8.4 per cent in 2019. So, why is Nigeria swimming against the global tide of poverty reduction? Well, the answer is simple: there’s a total failure of governance in Nigeria, caused by an utter failure of leadership.

Think about it. The Federal Government’s response to the shameful MPI results is to play the blame game. When unemployment and poverty rise in America, no one blames the state governments. Indeed, whether a sitting president is re-elected or his party gets another term depends on whether unemployment rises or falls, whether inflation rises or falls, whether income rises or falls, during the election. Bill Clinton famously said in 1992, when running for president: “It’s the economy, stupid!” He was right!

Read also: Nigerians are poor because of bad policies – Obaseki

But President Buhari blamed state governors for spreading poverty in Nigeria when his government controls most of the tools for tackling it! The key antidote to extreme poverty is economic growth. As the famous economist Simon Kuznets put it: “Growth is a rising tide that lifts all boats.” But the tools of economic growth – fiscal and monetary instruments – are controlled centrally.

Surely, Buhari’s government is economically illiterate. Otherwise, it would to know that high inflation, high interest rates, unstable and uncompetitive exchange rates, as well as protectionist economic policies undermine business growth and investment inflows and, thus, cause unemployment and poverty. And, of course, linked to economic growth is security, without which foreign investors will shun Nigeria and local businesses, including farming, won’t flourish. The result? Poverty!

Even with economic growth, a country must still provide social security nets. But the Federal Government’s multibillion naira Social Intervention Programmes, SIPs, have failed to reduce extreme poverty. Recently, the Socio-Economic Rights and Accountability Project, SERAP, an NGO, launched a court action asking President Buhari to investigate allegations of massive corruption and mismanagement in the SIPs!

So, here’s a Federal Government that can’t generate economic growth, provide security and manage social safety nets, and whose so-called “infrastructure revolution” doesn’t create much jobs and so-called “agricultural revolution” doesn’t create food security. Yet, it’s blaming states for not tackling poverty.

Of course, subnational entities can tackle poverty. In the First Republic, when the regions had autonomy and controlled their own resources, poverty and unemployment were never federal concerns. But, today, states are mere appendages of the Federal Government, and most are technically bankrupt. Nigeria needs regional powerhouses; it needs radical restructuring and devolution of power. Sadly, Buhari hates those words!

But Buhari can’t avoid responsibility for Nigeria’s acute multidimensional poverty. It’s a product of his government’s multidimensional failure! He must own it!

Happy New Year everyone!