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After 25 Years, Nigerians Yet To Enjoy Dividends Of Democracy – CNG

by Leadership News
1 year ago
in News
CNG
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The Coalition of Northern Groups (CNG) has called for sober reflections on Nigeria’s democracy and democratisation process as Nigeria marks 2024 Democracy Day.

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The CNG in a statement by the national coordinator, Jamilu Aliyu Charanchi in Abuja yesterday said democracy as being practiced in Nigeria had failed to provide dividends to the people after two and a half decades.

The pro-northern group contended that despite the nation’s richness in natural and human resources, Nigerians continue to suffer from abject poverty and economic instability, which were not recorded even during military dictatorships.

It said it was important to note that the National Bureau of Statistics (NBS) reported that the poverty rate in Nigeria stands at an alarming 63%, with over 133 million Nigerians living in multidimensional poverty.

“Similarly, the NBS disclosed that unemployment has reached a stunning 33.3% in the country, while youth unemployment is at an unprecedented over 50%, leaving young Nigerians devoid of decent jobs or sustainable means of livelihood.

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“In the same vein, before returning to democracy, Nigeria’s inflation was just 10%, while now in a free democratic setting, inflation has risen to an all-time high of 33.69%, depleting people’s purchasing power and weakening their standard of living; whereas interest rate has sharply risen from 6.05% in 1999 to 26.25% in 2024, suggesting tighter monetary policy in the midst of high inflation and economic challenges.

 

“It is on record that the number of out-of-school children has increased from 7.4 million in 1999 to 18.5 million in 2024, highlighting a severe decline in educational accessibility over the past 25 years of our democratic engagements.

 

“Disgustingly, job racketeering to the highest bidder, inflating contracts, and kickback collection by political elites and senior civil servants have irrevocably decayed our civil service at all levels, resulting in the destruction of the fabric of Nigeria as a country with a lot of potential,” it said.

 

The CNG argued that these economic challenges are a direct result of years of mismanagement, corruption, and lack of genuine commitment to the development of the Nigerian economy by those who have sworn by the holy scriptures to promote good governance.

 

 


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