PBAT- Administration – Litmus Test

PBAT – Administration – Litmus Test by Dr Kenny Odugbemi

Nigerians in a hundred and thirty multidimensionally poor people are still wallowing in abject poverty despite changes in Administration

Nigeria has been a product of cluelessness and incompetent administration of over 8years now dragging Nigeria from a failing state gradually, moving to a Failed state

Review of PBAT administration audacious policies considered Germaine and commended Worldwide

Deteriorating insecurity following huge increase incident of kidnapping in Abuja -55 kidnapped in Federal headquarters growing incidents have led to intense protests
Killings in Northcentral Plateau,Taraba,Kaduna etc running into hundreds of people
Abuja is now having worsening situation

Along Cameroun border, terrorist is at peak with Adamawa, Borno, Venue, Cross river and Akwaibom, now seeking wider collaboration with heavy incidences in North east and Northwest where banditry worsened by clear cross border communities..

Commissioning of near end PH refinery at $1.5b remain elusive not meeting target of December till date it is not mere mechanical vibration with hope of commissioning a future going concerns

Looting with impunity, leading to cancellation of all Social welfare structure

Delayed student loans meant to come to fruition now elusive -WIP

Pledging the future earnings of Natural resources to collect loan,has reman not too sound with reference to declaration of Dr Akinwunmi’s AFDB due to other hidden strigent conditions

Foreign airline owner threatening to leave as they have only got 10% of $760m trapped in Nigeria

Afriexim loan jacked up to $3.3b instead of $3b with new entrant of brokers UBA and other Banks, jettisoning IMF that only set out conditionalities of fuel price increase and forex stability

Unification of exchange rate with multilevel rate of exchange, we do not have price stability

Looting of funds meant to sort out palliative by Minister and National Coordinator

CNG Reconversion is not making a significant impact much less than 1m vehicles,whilst executives and Legislatures are not abiding with this measure, only private and passenger buses for the poor across the state were used as proof of concept

Reflection from last administration

PMB for over 8years incurred total debt of N77trn

PBAT- Administration between May 29thvof 2023 and January 2024 have accumulated further to N97.7trn securitizing further N7.3trn of way and mean pushing it to N30.3trn thus include N23trn , promise kept by PBAT of accepting asset and liability .

Characteristics of PBAT inheritance from PMB

Financial recklessness
Lack of effective monitoring and supervision

MDA and Security Chiefs operating in Silos, facilitating increasing budgetary allocation to the Military, but experiencing more attack of terrorist even as fire power increase killings, kidnapping increases geometrically, what a paradox

Capital budget execution of 27% with recurrent expenditure above threshold due to mismanagement of methods and means

Poor budgetary allocation without concept and foundation, not alignment with present condition assessment giving room for bogus and inconsistent budgetary items with non-alignment with reasonable pricing schedules

Economy driven by religious and ethnic sentiment

Super Ministers appointment a glorified, not fully recognized now destabilize in second term,Fashola&Ameachi unbundled for mere political reasons only to give room for looting in power and aviation Ministries department and agencies

Non-functional anti-graft agencies strongly politicized by politriking

What is the difference between PBAT and PMB very insignificant with worse signals
Bloated structure
More political rewardees in government with no capacity, competence and character with low moral values

Current situation with PBAT

Gravitation toward one party with weak opposition of PDP the rest parties almost non-existent

The looting of the next head of humanitarian disaster and poverty alleviation
National Coordinator N44b
Last Minister N33bn
Current Minister almost N600m award of spurious head counter for 11days to the tune almost N500m to organization owned through share by Minister of interior who was indicted as Chairman of NDDC House of representatives of over $20b looting despite last year country wide forensic investigation till date no fruitful outcome ,yet nominated and considered as Minister not matured in organizational of MDA only Nigeria passport issuance creative nuisance through Media just like inglorious Minister looting with impunity

Conclusion

PBAT – Administration must defend its mandate
What happened in Humanitarian disaster and poverty is true happening across all MDA’s, this occurrence came alive because Minister trying to run out with the National Coordinator, because of change of her signatory, she has now diverted billions to her own personal account which is why Dr Beta Edu escalated to antigraft agency and the National Coordinator released dosier on her as reactionary force

All MDA’S must be throughly investigation

Defaulters must have full sanction as precedence to curb further impunity