Tag: Nigeria

Political freedom – up or down?

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By Jonathan Power

Last week democracy won a handsome victory in Nigeria. An election that had everybody on edge for fear of internecine killings involving militants from the two main competing parties, against a backcloth of the war of attrition waged by the nihilist, extremist, Islamist movement, Boko Haram, led pundits to fear the worst. It did not happen. Nigeria gave of its best.

Indeed, the real winner was the looser, the present president, Goodluck Jonathan. He graciously phoned the winner, Muhammadu Buhari, to concede the election. His attitude to his defeat kept the peace.Read More »

Nigeria’s big election questions

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It has been said that “Brazil has a future and always will”. The quip cannot be made about Nigeria. It has a future and it is working towards it without the mind-boggling mistakes that have been made in recent years in Brazil.

Nigeria’s economy, the largest in Africa, has grown eleven fold since 2000, according to Goldman Sachs. Since democracy was restored in 2010 the national income has almost trebled. According to a Citigroup report published in 2010 Nigeria will have the highest GDP growth in the world between 2010 and 2050. Already its GDP per capita is 3,900 US dollars per person.

Nigeria goes to the polls on Saturday to vote in what is going to be a closely fought election. It’s probably fair to say that right now poorer voters don’t feel they are on the lift going up. Growth has not trickled down to them as much as it should, at least in terms of incomes although their access to clean water, medical help and education may have improved. Economists say they won’t get a real leg up until Nigeria approaches double digit growth.Read More »

South Africa’s election must be a turning point

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By Jonathan Power

South Africans of all races know how to behave at election time- responsible as voters and honest in their voting procedures. This is part of the legacy of Nelson Mandela who, as his funeral last year made clear, was the most honoured and respected leader in the world.

The country that has tripled its income in the years since the end of apartheid has achieved a lot more, much of it totally unexpected by white opinion. The Financial Times recently wrote, “What was in 1994 a divided country and a broken polity is now an unrecognisable, modern, investment-grade economy”.

Inflation has been tamed and support for the poor has been expanded with weekly cash grants to 16 million people. Every year 1 million people join the middle class. Read More »