Distress Signs of a Failing Economy

10 October 2016

Their governments lose legitimacy, and the very nature of the particular nation-state itself becomes illegitimate in the eyes and in the hearts of a growing plurality of its citizens”. This is mainly caused by the inability to deliver the necessary Political Goods, needed by the citizenry to live a comfortable life. He also described Political Goods as those intangible and hard to quantify claims that citizens once made on sovereigns and now make on states.

They encompass expectations, conceivably obligations, inform the local political culture, and together give content to the social contract between rulers and the ruled that is at the core of regime/government and citizenry interactions. These are those service-oriented obligations that the rulers are supposed to perform for and on behalf of the ruled or those who placed them in office to represent their interest. However, shortage of Political Goods is at the core of the causes of failure in most failed or failing states.

Distress Signs of a Failing Economy Essay Example

The signs of a failing State – a government which for whatever reason is unwilling or unable to fulfill its responsibilities to a particular country’s citizenry can be referred to as failing or failed (Fr Laurent Magesa, 2011). Nigeria as a nation, has in recent times been encountering some difficulties, otherwise we can call them some signs, which some failed states around the world showed on their way to the subsequent failure of their system. These distress signs, which are now eminent in almost every areas of the Nigerian scheme of things, are enumerated below.

However, the writer of this paper stands to be criticized in the case that any of the views highlighted below are not true or does not share the general view of any of the reader of the paper. Distress signs of failed States as evidence in the Nigerian economy today can be grouped into different scopes according to Economic, Political, Social Factors, as illustrated below: Economic Factors/Signs 1. Unstable Economy Index: Many will not exactly agree with this point in the sense that the leaders of the Financial/Economic sector keep telling the populace that the nation has a huge sum of money in its foreign reserves.

But come to think of it: if the money really exists, why aren’t we building more roads, bridges, railways, drainages and other capitals projects? The fact is that despite the huge money being derived from the Oil/Gas sector of the country, Nigeria is yet to fully utilize the proceeds economically to benefit the populace. The implication here is that should oil/gas dry up today, nothing will stop the country from failing and very drastically. 2. High level of unemployment: According to the Federal Bureau of Statistics, more than 40% of the population of Nigeria are unemployed or living below the average level of $1 (One Dollar) a day.

With this level of unemployment and poor living standard, it is expedient that failure is inevitable. 3. Ever-increasing cost of living: This is the most painful sign that is eating every citizen of this country. Even when this was almost unbearable, the cost of living in the country has tripled since the removal of the subsidy on fuel products by the present administration. Also, the difference between the haves and the have-nots have also widened very bigger and wider.

This is a sure sign of a failing state and it is evident every part of the country, including in the society where the reader of this text is residing. Social Factors/Signs 1. Unresolved Insecurity problems: This range from the incessant cases of kidnapping, armed robbery, killings and other vices that have made the nation (especially the Northern part) an uninviting place for foreign investors. When this becomes the case, the citizens will be left to languish in penury, as no nation in the world can flourish in the face of insecurity. 2.

Substandard Educational System: The educational system of Nigeria for the past two decades has been dwindling in standards and the governments are yet to show any sign of seriousness in tackling the challenges that faces this important sector. It is believed that when the educational sector of a nation is faulty, other sector will follow suit. As a result of this, many of our elites are now sending their children to foreign institutions to study. The implication here is that a time is coming that those who are at the helm of affairs of this nation will not be sound enough to lead the nation to the right direction.

And what would be the result of such leadership? Failure! 3. Ethnic/Religious Disturbances: This is mainly in vogue especially States in the Middle Belt and the northern parts of the country; where the ceaseless and gruesome murdering of innocent Nigerians in the name of religious affiliation has remain unabated. Although, our leaders are playing politics with this situation at the moment, but if the lives of the citizens who voted for you to be in office is been used in playing politics, what else should we expect?

At the moment, the economic life of the many states like Borno, Adamawa, Kano, Katsina and even Plateau is in shamble as many resourceful people has left the states as a result of the incessant bombings and murdering of innocent lives. While these people are moving out, none is willing to move in; a good sign of a failing nation because our leaders are not even doing anything tangible to stop the menace. Political Factors/Signs 4. Corruption: According to a recent report by Gallup. com, an online polling centre for world statistics, Nigeria is the second most corrupt nation in the world.

With this high level of corruption, it is expected that a time will come when the populace will not be able to tolerate this anymore and a drastic revolution will be inevitable. 5. Politics of Ethnicity: This is one of the worst signal we have in the country today. This is due to the various numbers of ethnic groups which are believed to be running in the thousands. However, with each ethnic group always fighting to gain something for its own immediate ethnic constituency, the interest of the nation is being threatened.

For example, a Yoruba man will fight to site a project in his district, even when the project will not be economically beneficial to the nation if it is sited in that region. Remember the sitting of a refinery in Kano, Northern part of the country, where crude oil is not drilled or exploited. In this context, the cost of transporting the crude from the Niger Delta region where the crude are drilled to this part of the country cost a lot of money and that is not in the interest of the nation. This, as far as am concern is also a distress sign to be avoided if the country is to escape disintegration. . Unreliable Judicial System: That the judiciary in Nigeria acts not independently for justice of the oppressed, but on behalf of the powers-that-be is evidence of corruption: justice has been “bought,” in the first place, by those in power. One of the biggest challenges a person faces today is therefore to show where in Nigeria corruption is the exception, where it is prosecuted to the fullest extent of the law, where the “small person”, the David of the Nigerian village, can get justice against the “big person” with political and financial influence, the Goliath of the city.

The opposite, the victimization of the small person, is evident everywhere, to people with eyes to see. The reader of this text can testify to this fact, if he is patriotic enough to admit the worst. 7. Unreliable Electoral System: It is believed that Nigeria is still young in her democracy. However, with the way the electoral system is been run now, a great revolution may break out that can eventually lead to the disintegration of the entity known as Nigerian and bring in something else if the right steps are not taken to remedy the situation.

The most painful part of this is that our leaders play politics with every important reform that would have taken the country to its zenith in the community of nations. Remember the Justice Uwais report and the panel of Justice Oputa, whose recommendations in respect of the best ways to reform our electoral system never saw the light of day. These are clear signal that Nigeria is a failing nation. 8. Lack of full separation of power: Vesting too much ower in Executive system of government: concentrated governmental powers de facto in the executive branch of government can be a sure recipe for a failing State. Democratic experiments the world over have confirmed beyond doubt that when this happens, disaster with regard to just governance is not far away. The executive, legislative and judicial arms of the State should be kept separate because, if they are collapsed together, as they tend to be in Africa especially Nigeria, democracy is inevitably strangled, civil oppression and strife reign, and the State as a viable reality disintegrates.

Fundamental human rights – such as “the right not to be tortured or treated in an inhuman or degrading manner; the right not to be held in servitude or to be required to perform forced labour; the right to liberty; the right to a fair trial; the right not to be punished other than in accordance with the law; the right to respect for private and family life; freedom of thought, conscious and religion; freedom of expression; freedom of assembly and association; the right to marry; and the right to effective remedy before the courts for violation of the other fundamental rights,” as the lawyer Aidan O’Neill summarizes them (The Tablet 9 February 2002, p. 13) – then tend to count for nothing. 9.

Reckless Law Enforcement Agencies: The police and army are the instruments of government normally charged with the responsibility to keep law and order and peace in the case of the former, and to defend the nation from external threats in the case of the latter. They should work closely with the judicial, the executive and the legislative arms of the State. In many parts of Nigeria, however, they have been cited to be rife with corruption and cruelty. Police officers asking openly for bribes are a routine thing in police offices and on the streets of Nigeria for sure. Nobody, not even the young ones need to be told of this as we all experience it in one way or the other.

Even if it is open to question or interpretation, the accusation that more people meet a violent end in Nigeria at the hands of an incompetent, ruthless and trigger-happy police force, acting under various dubious pretexts, than, for example, in road accidents, is alone a matter of concern. Conclusion Similar symptoms highlighted above can continuously be analysed, as there are many more signs threatening our unity as a nation. The failure of the government to tackle some serious national issues like power, true federalism, free and fair electoral system, job creation, insecurity, buoyant and stable financial systems, etc has continuously been a great threat to our national integration and unity as one nation.

For instance, after so many innocent killings in the North, as a result of the incessant bombings brought by the renowned Boko Haram religion sect, other parts of the country are now losing confidence in the ability of the present administration to tackle or contain these mindless killings. Though the government keep paying lip service to this menace, the citizenry are yet to understand if the unrest, which postdated the declaration of the incumbent President, Dr. Goodluck Jonathan by the Independent National Electoral Commission (INEC) as the winner of the April 2011 General Elections, was prompted by political gladiators, or if the sect are clearly enemies of the Christians. Apart from the daily rise in crime, occasioned by the inability of the government to create jobs, neither can it empower the citizens.

Should this continue, our power of unity will be greatly diminished as a result of which many people will grow frustrated and nobody needs to mention how such a society will fare if allowed to deteriorate to that level. If the above issues are well-looked into by the government, with the intervention of some of the well-to-do corporate bodies and multinational organizations, the sun may yet shine on this gloomy nation called Nigeria! References 1. Robert I. Rortberg Failed States, Collapsed States,Weak States: Causes and Indicators (2007) 2. Aidan O’Neill – (The Tablet 9 February 2002, p. 13) 3. Bryan O. Nelson – Understanding the factors that can set a State Backward (2000), London Press, P. 29-31

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