• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions

Nigeria can – and must – climb out of the hole made by corruption

Op-Ed Contributor by Op-Ed Contributor
June 1, 2021
in Opinions
Nigeria can – and must – climb out of the hole made by corruption
Share on FacebookShare on TwitterShare on Linkedin

I was 13 years old in 1979 when Nigeria began to slip into a dark, frightening hole that seemed to have appeared overnight, and from which it has yet to emerge: corruption.

Until that point, I had walked with a particular adolescent swagger – that of a young citizen of a newly independent nation that really mattered on the world stage; of a country whose voice carried loud and clear in the community of nations. To me, Nigeria was a country that produced wonderful writers, excellent athletes, and brilliant leaders. It was the most populous African nation, one where English was spoken well and whose national IQ was one of the highest in the world. Life in Nigeria, while of course not perfect, was in so many respects good. And it was getting better.

My secondary school, looking back, provided a reflection of what was happening in Nigeria. In 1977 I was fortunate to attend an elite state-run secondary school, whereby any African standard I had access to first-class teachers, academic resources, and sporting facilities. Then that hole emerged seemingly from nowhere, and into its bowels vanished so much of what was good about Nigeria.

RelatedStories

Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA

Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027 

May 5, 2025
Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

April 30, 2025

Suddenly, my school was no longer a center of excellence, but an underfunded, overcrowded relic of past glory where standards had plummeted overnight. It was a microcosm of the insidious power of the corruption gripping Nigeria, where good was sucked into that forbidding hole and turned into bad. A nation that had up to that point embraced merit in most things, at least those things my childish mind grasped, had done an abrupt about-turn, and chosen instead to pursue mediocrity.

At that time, in 1979, Nigeria had just emerged from military rule, the only system of governance I had known since birth in 1966. Power was again handed to civilian authority – but it was not to last long before the military once again seized power in 1983 (and effectively held it again until the turn of the millennium). In 1982, a year before the military seized power from our civilian government for the second time, I began my four years of university studies. Not much changed; certainly, things were not getting any better.

Indeed, if I thought that it was the civilians who could not manage our country properly, what followed when we returned to military rule proved that any civilian government is better than a military one. The dictatorship was not only bad socially and economically, but from a global point of view, Nigeria was a pariah nation unable to get its act together and on its way to joining the club of failed African states.

Our military administrations from 1983 on are reckoned by some to have been the most corrupt of all, but perhaps Nigeria was so corrupt already that no one really noticed. Perhaps the hole was now so deep already that it no longer really mattered if it got deeper.

Then the miraculous happened, and in 1999 Nigeria returned to civilian rule. For the next eight years, because we had once again embraced meritocracy, our country experienced a renaissance.

Nigeria made more progress in that short period than it had in the preceding 25 years. We began to climb out of that terrible hole, the one we had dug for ourselves. But then, just as we got our heads above the ground, we lost our footing and we started slipping back down again.

Today, I believe, we are almost in the same position we found ourselves in 1999; we have wasted many of the opportunities and outcomes our eight-year renaissance had afforded us.

By now our country should be flying!

Consequently, I have found myself asking: does our apparent inability to climb out of the hole we are in mean that we Nigerians have accepted that we cannot do any better? That our lot in life, even though we can compete intellectually with any nation on Earth, is much worse than we had dreamed it would be? That our children are consigned to being third-class citizens of the world (unless they emigrate and find opportunity elsewhere)?

Here is another question to ponder. When I was a small boy, our nation was 60-million strong. When that hole yawned open when I was 13, we stood at around 80 million. Today, we have more than 200-million people mired down there, and in 30 years’ time there will be over 400 million in number. Would that not be the very definition of Hell?

These are the things I dwell upon, the fears that I have for my beloved Nigeria. But then, I look to the examples of other countries that have climbed out of their own holes of poor performance and, instead of basket cases, have become success stories: countries such as Malaysia, Indonesia, and China. Surely, if they can, we can, too?

That is the story that I want for my nation. I certainly do not presume to have all the answers – indeed, I might not have many – but I have resolved to employ the resources I have (financial and otherwise) to do my utmost to change Nigeria’s sad narrative. It is an investment in a brighter future for my country and all who live in it – and it is certainly well worth making.

Opinion written by Aigboje Aig-Imoukhuede. He is an investor and philanthropist, and the co-founder of The Aig-Imoukhuede Foundation, which aims to transform the performance of African public servants, eliminating inefficiency and corruption so that African countries are not left stranded on the third world tarmac.


Follow us for Breaking News and Market Intelligence.
Tags: corruptionNigeria
Op-Ed Contributor

Op-Ed Contributor

Nairametrics frequently publishes articles from experts such as financial analysts, economists, researchers and investors. We also feature articles from guest writers and bloggers who wish to push their views and opinions through our platform. To get your articles on Nairametrics, kindly send an email to info@nairametrics.com and we will publish it within 24 hours of approval by our editorial team.

Related Posts

Developing countries may likely bear the brunt of OPEC’s oil production cuts – IEA
Energy

Nigeria, Ivory Coast, and Mozambique set for 10 offshore drilling projects by 2027 

May 5, 2025
Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 
Economy

Nigeria pledges support for BRICS to drive global finance reforms and multilateral cooperation among partners 

April 30, 2025
UK,Rwanda
"Japa"

Japa: UK deports immigration offenders and failed asylum seekers to Nigeria and Ghana 

April 27, 2025
IMF Projects 3% economic growth rate for Nigeria in 2025 
Economy

IMF to FG: Stay vigilant, trade tensions may hurt Nigeria’s earnings 

April 23, 2025
Cost of cooking pot of Jollof Rice in Nigeria rises by 13.7% to N12,373
Economy

A pot of jollof rice now costs N25,486 in Nigeria, up by19% in 6 Months

April 23, 2025
Business News

Lessons from Zambia: How Nigeria can manage its solid minerals for sustainable development

April 17, 2025
Next Post
Honeywell Flour Mills posts profit growth of 73.1% in full year 2020

Honeywell Flour Mills posts profit growth of 73.1% in full year 2020

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Zenth Bank
Emple
first bank
Zenth Bank









DUNS

Recent News

  • Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 
  • SeerBit, Spectranet launch ExpressPay to revolutionise internet subscription payments 
  • FEC approves Group Life Assurance to support families of civil servants in case of death 

Follow us on social media:

Recent News

Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 

Meta billionaire, Zuckerberg, Bezos, 2 others are $50 billion richer in 24 hours 

May 13, 2025
SeerBit, Spectranet launch ExpressPay to revolutionise internet subscription payments 

SeerBit, Spectranet launch ExpressPay to revolutionise internet subscription payments 

May 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics