Soludo spoke in Lagos at the median lecture of Ndigbo Lagos Foundation, where he delivered a lecture entitled “The political economy of restructuring the Nigerian federation.”
Chukwudi Nweje
Former Governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo reiterated that the way forward for Nigeria is restructuring and not diversification.
Soludo spoke in Lagos at the median lecture of Ndigbo Lagos Foundation, where he delivered a lecture entitled “The political economy of restructuring the Nigerian federation.” He noted that the country had explored diversification for more than three decades now without result, thus, the urgent need to restructure.
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He said though restructuring would have short-term winners and losers, the citizenry should focus on the long-term goal, which is security, prosperity and happiness of everybody. He, nevertheless, said for restructuring to achieve its desired goal, “the short-term fears of the opponents must be taken into account.”
He said: “Restructuring will have short-term winners and losers, but what we are looking at is the long-term. But, unless we understand the concerns of the short-term losers, our collective long-term aspirations may be delayed or even aborted. The long-term aim of restructuring is the security, prosperity and happiness of everybody.
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“Restructuring is not just a political agitation, it is a foundational plan for Nigeria’s future prosperity with- out oil. The contradictions of the old oil-based economy, vis-a-vis the population and geopolitical pressures, are swirling and the challenge of a new institutional frame- work to lead the emergence of the new economy is ur- gent,” he said.
Soludo listed three broad categories restructuring could take, namely, soft restructuring, which he said would involve tinkering with the 1999 constitution; hybrid restructuring, where a new constitution with sufficient regional autonomy would be negotiated and hard restructuring, which would mean confederation or outright independence for any part of the country that desired it.
He said the current structure of Nigeria, where the federating units receive handouts from the federation account, is for “an era that we no longer live in.”
He said in order not to be left behind, Nigeria must, in the next four years, chart a new progressive constitution for the country’s posterity.
He reiterated the position of the South East Forum that the present 36 states structure should be consolidated into six geopolitical zones to enhance their economic viability and called for multiple vice presidents, where each of the geopolitical zones, except the one that produced the president, would produce one vice president.
Any individual or group which do not join the Revolution now with the Sword under the natives Disintegrated Republics which ends in Sokoto- the sit of the satan of this natives territory, do not represent Igbos of south east of Biafra Republic. Only ignorant fools who do not know the reality of their existence etc. are parading about with the empty noise of ignorance and illiteracy nickname restructuring, when fulani criminal sultanate political government with its emirates has made their position against it very clear in words and actions. Existence securities and freedom of Igbos of south east of Biafra Republic depends on Freedom of northern natives from the bondage of fulani fraudulent criminal sultanate political government with its emirates. Existence securities and freedom of this territory natives of this generation under the natives Disintegrated Republics depends on Freedom of northern natives from the bondage of fulani fraudulent criminal sultanate political government with its emirates. Freedom of northern natives from the bondage of fulani fraudulent criminal sultanate political government with its emirates which is a must with the Sword in this final conquest of the Liberation Revolutionary Warfare of the natives which ends in Sokoto- the sit of the satan of this natives territory. The final conquest has begun which is the conquest of Sokoto. It is Revolutionary Militant Groups- RMG etc. formation which its members are the new military, police etc. under the natives Disintegrated Republics- Biafra Republic of south east, Niger Delta Republic of south south, Oduduwa Republic of south west, North East Republic, North West Republic, North Central Republic. Slaughter the last fulani in Sokoto. Slaughter the criminal tout nickname sultan in Sokoto, burn down his palace etc. Slaughter the last enemy’s brainwashed terrorism mercenaries nickname military, police etc. in Sokoto. Existence securities and freedom of Igbos of south east of Biafra Republic depends on erasing fulani fraudulent criminal sultanate political government with its emirates in this natives territory in this final conquest of the Liberation Revolutionary Warfare of the natives which the final conquest has begun which is the conquest of Sokoto. Existence securities and freedom of this territory natives of this generation under the natives Disintegrated Republics depends on erasing fulani fraudulent criminal sultanate political government with its emirates in this final conquest of the Liberation Revolutionary Warfare of the natives which the final conquest has begun which is the conquest of Sokoto. Any Igbo man or woman who do not join the Revolution now, who do not join the conquest of Sokoto now, must go down in the hands of the enemy or with the enemy in this final conquest of the Liberation Revolutionary Warfare of the natives. Any this territory native who do not join the Revolution now, who do not join the conquest of Sokoto now, must go down in the hands of the enemy or with the enemy in this final conquest of the Liberation Revolutionary Warfare of the natives. God given Victory is the natives. Only the Sword decides. God Is With Us!!!