President Muhammadu Buhari
It is becoming worrisome that every Nigerian leader
immediately after assuming office would travel all over the world in search for
foreign investors for the Nigerian economy. This illusion and self-deception
began with the administration of former President Olusegun Obasanjo that
assumed office on May 29, 1999 when the country returned to democracy after
many years of military rule. The eight-year administration of Obasanjo
witnessed massive travels which took him to many countries.
Then Vice
President, Atiku Abubakar emulated his boss. So also did the members of the
National Assembly, ministers, governors and their deputies, commissioners and
members of the State Assemblies. Huge sums of money were allegedly expended on
such trips. Late former President Umaru Yar’Adua also engaged on globetrotting also
to seek foreign investors and medications because of his health challenges. Former
President Goodluck Jonathan also treaded the path of his predecessors as he
also gallivanted around the world in search for foreign investors. It is instructive
to note that at the end of those travels by our leaders in the past 16 years no
evident investments were attracted to the country!
It is however incommodious that President Muhammadu Buhari
and the All Progressives Congress (APC) that were so critical of previous
administrations especially that of Goodluck Jonathan whom they labelled “clueless”
and “kindergarten president,” are replicating the mistakes of previous
administrations by also engaging in frivolous foreign trips under the facade of
seeking foreign investors. For the APC that condemned past administrations for
such travels and promised Nigerians change during the electioneering to be
redoing the blunders committed by past administrations is indeed the greatest
misfortune that has ever befallen this nation! With the inauguration of the
APC led government, Nigerians expected a paradigm shift from the abnormal ways
things were done in the past but nay it remains business as usual. By November
2015 when this administration was just 181 days old, President Buhari had
traveled to 12 countries under the delusion of seeking foreign investors. By
March 2016, Buhari had visited about 20 countries under one year in office!
With the scenarios painted above one can imagine the number of countries he
would visit at the end of his four year tenure in office. Governor Ayo Fayose
of Ekiti State alleged that each foreign trip of Buhari costs $1m which might
gulp 20 percent of the Federal Government budget!
The travels of Buhari are
uneconomical because the price of crude oil which is the major revenue
earner for the country has fallen abysmally yet Buhari is wasting the little
funds in the national treasury on frivolous trips. But why do Nigerian leaders
think foreigners are the ones to develop their country for them? Is there any
country that has been developed by foreigners? When has the development of a
country become foreigners’ affair? Was it foreigners that developed China,
Taiwan, South Korea, North Korea, Singapore, Malaysia or South Africa? But why
do Nigerian leaders think foreign investors will invest in the Nigerian economy
when there are no infrastructures? In today’s technology-driving world-a global
village in which whatever happens in one part of the world is seen all over the
world, Nigerian leaders do not need to spend huge sums of money on foreign
trips to woo foreign investors. Once there are infrastructures and the country
is made conducive for investment, foreign investors will come in unhindered. With
the aid of information technology, investors can ascertain in the comfort of
their offices and homes, those countries that are conducive for investments.
So, they don’t need anyone to beg them to come and invest.
But why do Nigerian leaders have the penchant for travelling
out in search for foreign investors? The way Nigerian leaders are globetrotting
in search for foreign investors, is that how other African leaders travel out
of their countries the same purpose? How many times have Presidents Jacob Zuma and
John Mahama traveled out of their countries in search for foreign investors?
President Buhari should stop wasting the nation’s hard earned
resources on foreign trips in search for foreign investors. He should provide
infrastructures and make the country conducive for investments. Technology has
made the world a global village where investors can get information about countries
that are investment friendly.
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