RESTRUCTURING IN NIGERIA THE WAY FORWARD

Hanafi Dele Ibrahim

Department of Economics,

Oduduwa University, Ipetumodu, Ile-Ife, Osun State,

Email: bamidelehanafi@yahoo.com

ABSTRACT

The objectives of this study are to critically examine the causes of political and economic imbalances in Nigeria with view to providing solution inform of political and economic restructuring without necessarily dividing the country. In the course of our investigation we discovered that our colonial master was one of the architects of our political imbalance in Nigeria. Another factor was the type of constitution that we have been using since 1963. Another reason was the quality of leadership Nigeria has since independence till date. While military interventions into Nigeria politics. Compounded the country political system. Recommendation were made, these include resource control for each state where the minerals are discovered,  devolution of power to states, while resources from each state should be developed for that state and certain percentage to federal government. Federal institutions in each state should be handled over to the state, People constitution should be drafted democratically. Parliamentary system of government should be reintroduced because it is less expensive to run.

Keywords: Restructuring, Devolution of Power, Poverty, Resource Control, Nationalism, Growth, Development, Revolution, Structural Change.