As
the first two years of the President Muhammadu Buhari-administration winds down
this month, only four per cent of the 171 promises made to Nigerians in the
build-up to the 2015 elections have been fulfilled, a new report by SBM
Intelligence has revealed.
The
report, which is to be released this week, said the Buhari Campaign
Organisation made 171 promises to Nigerians at different campaign stops, and in
several documents, forming the basis of a social contract between the
government and the people whose votes they desperately sought.
SBM
Intelligence said it curated the 171 promises and grouped them into 24
categories including accountability in public service, anti-corruption, cost of
governance, economy, power, infrastructure, education and health care.
It
said these were circulated among professionals in related fields to provide
ratings on a zero to 10 scale of performance on each promise.
The
report shows that six promises regarding national security (four) and foreign
relations (two) have been fulfilled, while some actions have been taken towards
fulfilling 23 promises regarding anti-corruption, oil and gas, and agriculture,
among others.
It
said little or no action had been taken towards fulfilling 126 promises, while
actions taken on 16 promises regarding the economy, power, and health care,
among others, only made the situation become significantly worse.
“The
Buhari administration needs to understand that its biggest challenge is not
diversifying an already diversified economy, but diversifying government
revenues. This will mean widening the very limited tax net while delivering on
the promise to cut the cost of governance drastically,” SBM Intelligence said
in the report.
It
described as “particularly untenable” that in the face of dwindling government
revenues, the cost of running government had continued to increase to record
levels.
The
organisation noted that apart from the improvement of the economy, three of the
most important drivers of the Buhari electioneering were anti-corruption,
accountability in public service and reduction of cost of governance.
It
said, “On the first two of these, there was marginal improvement by the
government in comparison with its delivery in the first year, but the scorecard
is still too poor to definitively proclaim any significant progress.
“On
anti-corruption, a low 33 per cent performance score was recorded when measured
against the promises, even though it is an improvement on the 17 per cent
recorded in the administration’s first year. This attests that the jostling
between the government’s executive ability and the National Assembly is
impacting on the Buhari administration’s ability to deliver so-called
‘dividends of democracy’ to Nigerians.”
According
to SBM Intel, the administration has somewhat softened its “strong naira
policy” in its second year although the Central Bank of Nigeria had stopped
short of floating the currency.
It
said the announcement in June 2016 of a currency float, which was initially met
with delight from investors and the market, turned to be the start of a
multi-exchange rate system that bred a mix of frustration and confusion, while
doing little to achieve the CBN’s intent of reining in the distortionary effect
that short sellers and black marketers were having on the naira.
The
organisation said a principal element that would unleash the economic potential
of the country “is the building of key infrastructure.”
It
said, “While the campaign promises of the All Progressives Congress recognised
this, the execution in the last two years leaves so much undone, with only
eight per cent performance in such a critical category.
“It
is also worrying that job creation, housing and social welfare are in negative
territory, for a country with a very large youth population, high population
growth and an increasing percentage of people living in abject poverty. Today,
there are no social safety nets and more and more people have fallen into
poverty as a result of economic decline over the last two years.”
According
to the report, two key areas that affect Nigerians today and have significant
impact on the future of the country have also seen lacklustre performance from
the Buhari administration.
It
said, “Education has a mere three per cent performance, while healthcare has
actually deteriorated by eight per cent over the last two years. When measured
against events like the avoidable deaths due to meningitis, it is clear that
this deterioration is already impacting Nigerians on the ground.
“SBM Intel believes the points raised in this report
can serve as a useful reference point for the government and inspire policy
makers to make relevant adjustments and allocate necessary resources towards
tackling areas of critical national concern.”
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Politics