Our Target:

Since its inception in January 2007, the Economic Confidential has constantly beamed its searchlight on the economic and financial sector, focusing on the various kaleidoscope and indicators that measure the pulse of the economy and bringing these to our readers.

We undertake and employ the best tradition of journalism: objectivity, accuracy and fairness. Our editorials and reports remain Factual, Authoritative and Accessible.

 

You can also assume that you have commissioned us to launch inquiries into every economic issue and make the findings available to you in our online and print editions of the publication.

We invite you to stay with us.

Nigeria Economic Regulators:

Federal Ministry of Finance (FMF)

Central Bank of Nigeria (CBN)

Federal Inland revenue Service (FIRS)

Debt Management Office (DMO)

National pencom Commission (PENCON)

Nigeria Deposit Insurance Corporation (NDIC)

Nigeria National petroleum Corporation(NNPC)

Securities and Exchange Commission(SEC)

Bureau of Public Enterprise (BPE)

Nigeria Extractive Industries Transparency Initiative (NEITI)

To subscribe to our News Alert Mailing List, Click on: http://groups.yahoo.com/group/economicng

       

 

 
 
 

*Home

 

*Mission

 

Editorial Suite

Odds against downstream deregulation - By Chijama Ogbu

 

Profile

Bar. Bello Mahmud: The New Registrar General for CAC

 

Cover

No 2nd Term for YarÁdua – Billionaire Debtors Vow

 

Facts and figures

Federation Account: How They Share N332bn in October

 

The Sharing of N27.8bn on Exchange Rate difference in October 2009

 

List of Federal Perm. Secs and their States - Non from Bayelsa

 

List of Major Debtors in Nigeria

 

Exclusive Interview

No more Needless Borrowing in Public Offices - Aliyu Yelwa, Boss of Fiscal  Commission

 

Monetary

CBN Supports Deregulation, Allows ETB to Rectify Lapses

 

Communiqué No. 66 of the Monetary Policy Committee Meeting

 

List of Major Debtors in Nigeria

 

National News

SMEDAN Advises Small Businesses on Good Idea

 

Odey Inaugurates Panel on IWMF in Niger Delta

 

Finally FG, States Share $2bn from Excess Crude Account

Honours for EFCC Boss in USA

 

State News

Kano Spends N1bn on Sports Development as Governor bagged ‘Sardauna’

 

IDB advances N3.15bn loan to KDSG as Governor Approves N18mn for Training 

 

 

ARCHIVES

Personalities/Interviews

Editorial Suite/Cover

Facts and Figures

National& States News

Mult/Business & Monetary

Features/Essays

Special Focus

January 2009 Edition

February 2009 Edition

March 2009 Edition

April 2009 Edition

May 2009 Edition

June 2009 Edition

July 2009 Edition

August 2009 Edition

September 2009 Edition

October 2009 Edition

November 2009 Edition

 

More in Archive

 
 

Economic Confidential, May, 2009

FEATURES

 

Abolish Quota System or Quota System will Abolish Nigeria

BY Chinedu Vincent Akuta

 

The Federal Character principle which gave rise to quota system in Nigeria was established to solve the problems of inequality and marginalization as expressed by certain parts of Nigeria. Among other reasons for introducing the quota system were because of differences in the socio-economic development of different parts of Nigeria. Secondly there were disparities in the levels of educational developments in different parts of the country. Some sections of the country (North) were alleged to be educationally disadvantaged, while some regions (South) of the country were acclaimed to be educationally advantaged.  Therefore the past leadership of Nigeria thought it wise to introduce quota system so as to bridge the gap.

 

The federal character principle was adopted during the 1977 Constitutional Drafting Committee. It became part of 1979 constitution of Nigeria. From this point in our nation’s history, the questions of merit or competitiveness among Nigerians were set aside in place of quota system. This system has hindered development and it defiles all logic. How can a nation make progress when their best cannot occupy their due positions because we are practising quota? We cannot move forward as a nation by putting round pegs in square holes.

 

From the time of incorporating the quota system into the Nigerian law books till date, the federal government has used it as a policy instrument in recruiting people to all federal government establishments like the armed forces, police, ministries, federal government owned universities etc. Because it’s in our statute book, the various state governments and all local governments’ use the quota system in their various appointments etc. Merit, experience and hard work do not matter if quota system is in use especially when it comes to appointments. Its contrary to what Max Weber (1864-1920) said, that employees should be hired and promoted based on merit and expertise. We choose mediocre in place of merit. The use of quota system has brought about intense lobbying each time there is vacancy to be filled.

 

Thisday newspapers of 25th April 2009 online version reported that President Yar’Adua has become “sick and tired” of high level lobbying from all corners for the replacement of Inspector General of Police who is due for retirement soon. This is the result of quota system, were merit can be set aside in filling a vacant position.

 

Quota system means injustice as far as am concerned. Apologies to its beneficiaries. The mere existence of this charter in our law books means that the country has been established on the paths of injustice. This concept of quota system will certainly prevent the best from emerging in all circumstances. America was established on freedom, equality, human rights and democracy. They live by it and they also export it to the whole world. Quoting the former President of United States, late John F. Kennedy, “Let every nation know, whether it wishes us well or ill, that we shall pay any price, bear any burden, meet any hardship, support any friend, oppose any foe to assure the survival and success of liberty”.  Because America is a free a society, the emergence of Barack Obama as the United States President became possible.

 

In the United Kingdom, there is the equal opportunities act. Based on this act, United Kingdom employers makes appointment on merit by a fair and open process. Employers treat applicants equally regardless of your ethnic background, origin, religious belief, gender, sexual orientation, disability etc. Since Nigeria started the federal character/quota system the country has retrogressed.

 

I want to be proven wrong, but I believe that the spirit of federal character/quota system gave rise to the zoning formula adopted by most political parties, example PDP. This same zoning formula contributed immensely to the emergence of the former president Obasanjo. I will leave Nigerians to make their judgement on the administration of Obasanjo. My own assessment on them is that they performed very poor especially with conducting elections, power supply, road maintenance, health system, fighting corruption etc. The same zoning formula which is a brain child of federal character/quota system gave rise to the emergence of President Musa Yar'Adua.

 

It will be better for Nigeria to have credible leaders who will discharge their duties effectively from one section of the country, than what we are having today. Nigerians will benefit more if leaders who will deliver on dividends of democracy emerge from a particular state or region. Choosing leadership based on zoning is completely wrong. This concept of quota system has done more harm than good. Therefore this is the time to abolish quota system or quota system will abolish Nigeria.

 

Quota system laid down the quest for the scramble and looting of our nations resources. People, groups, politicians, contractors etc lobby for positions all because quota system has replaced merit. When people, politicians, regions or states do not get positions they start shouting of marginalization. When they succeed, they loot because they feel it’s their turn. Patriotism and national interest do no longer exits in Nigeria due to this policy. Quota system encourages tribalism and division. This twin evil makes peace and love to be difficult in a country like Nigeria

 

Just recently, it was on the headlines that Nigerian Senate was boiling over the distribution of 60 billion naira voted for constituency projects. Aggrieved Senators accused the Senate appropriation committee leadership of being discriminatory in the sharing of projects among the senatorial districts. This accusation of being discriminatory in sharing projects can also be attributed to quota system or federal character. This is despite the personal interest of our senators.

 

Quota system is like an evil which was left unchecked. This evil (quota) was tolerated and encouraged by the Nigerian leadership. Quoting Late Jawaharlal Nehru, first Prime Minister of India, “Evil unchecked grows; evil tolerated poisons the whole system”. Quota system has poisoned the entire Nigerian system.

 

The aim of introducing quota system should have been achieved by now which is well over 30 years. Therefore I strongly advocate for its abolition. I use this medium to call on the President to start the process of abolishing this system. It has done more harm than good. Since we are clamoring for constitutional review, let’s remind ourselves on the need to remove this from the books. Greater part of our problems can be traced to this system. Hoping that the Nigerian authorities have taken note. May God bless Nigeria.

 

Chinedu Vincent Akuta

An activist and leader of “Support Option A4 Group” Leicester-UK

akutachinedu@yahoo.com

http://briefsfromakuta.blogspot.com/

   

SPECIAL FOCUS

List of Major Debtors in Nigeria

 

List of Bad Debtors in Federal Mortgage Bank of Nigeria (FMBN)

 

NEMA@10: The Story So Far

 

Questions and Answers on the Examinations of the 14 Banks by CBN

 

FEATURES

Africa's Foreign Reserves: In Reserve For Who?By Chika Ezeanya

 

Churches and Mosques Should Pay taxes - Mcdonald Koiki

 

Deregulating Robbery in Nigeria By Kola Ibrahim

 

Understanding Monetary Policy By Abubakar Jimoh

 

The Making of Ideal Economic Policies By: Salim Salihu Muhammed

 

The Putrid Mess Also in CBN By Les Leba

 

Still on Early Warning Alert System in Nigeria By Yushau A. Shuaib

 

District 9 and the Can of Wild Paradox by Segun Imohiosen

 

Nigeria: Time to Check to the Drift By Dansulieman Mohammed

 

Golden Casket: Between Gani Fawehinmi and Wacko Jacko- By Yushau A. Shuaib

 

NIGERIA@49: Tracing the Economic Intervention- By Abubakar Jimoh

 

NASENI: Striving to end Nigeria’s reliance on foreign good – By Umar Kari

 

Macroeconomic Framework for an Independent Economic Recovery- Salihu Muhammad

 

When Sony Undermines Campaigns of Akunyili and Aoandoka- By McDonald koiki

 

Archetypal Resurgence: The Lamido Sanusi Revolution- By Segun Imohiose

 

Banks and Money Laundering- By Les Leba

 

Oronsaye’s Civil Service reform- By hussaini Sani kagara

 

New Policy in the Civil Service: Hypocrisy at Work? –By Tope Ajakaiye

More Features

 

TAX MATTERS

* Church and Mosque Not Exempted from Tax - FIRS

… Use of Consultants for Tax Collection is an Aberration

*Finance Minister Advocates Partnership on Tax Issues

*FIRS Reopens PAN, Vows to Prosecute Defaulters

*How We Generate N808bn in Tax Revenue Within Six Months- FIRS Boss

*FIRS Generates Taxpayers Numbers for Bank Customers

*Historical Milestone as Online Tax Payment Begins

*FIRS Seals Two Oil Companies Over $610m Tax Arrears

*Firms Owed Govt N260b in Taxes

*Tax Identification Number to Reduce Tax Evasion- FIRS Boss

*Revenue Agencies to Make Full Disclosure- Finance Minister

*FIRS Delists 2 Banks over Non-Remittance of Tax