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The facts below speak for themselves. Let the truth be told, no government since the IBB era has come even close to recording these unprecedented number of judicious use of public funds. This is in spite of the financial windfall experienced by successive governments.
Building a New Ultra Modern City - Abuja
IBB realized the vision of Abuja as Federal capital city by providing its most vital infrastructure and moving the seat of government from Lagos in 1991.
Telecommunications
Mobile telecommunications, which is so commonplace today in Nigeria, was introduced as a result of the liberalization of the telecom industry by the Babangida administration, an initiative that over the years has made massive impact on the Nigerian economy.
Privatization
The privatization of the broadcast industry, the licensing of private universities and airlines; the liberalization of the banking industry, including the establishment of community banks (now micro-finance institutions), rank among his best legacies.
Economic Policy (IBBnomics)
The Babangida economic policy was predicated most importantly on the need to reverse the downward trend of the economy and arrive at a realistic exchange rate for the naira. The Structural Adjustment Programme (SAP) was a necessary strategy to achieve economic recovery. It was not a capitulation to the dictates of the World Bank and IMF, but a critically-considered plan aimed at providing the platform for successfully recapturing the inflationary trend within a stipulated period of economic emergency. Deregulation, privatization and economic self reliance were key elements in the policy thrust. In the process most of the poorly-performing government-owned enterprises were sold off to private investors. The new policy also did away with the regime of import licensing which in turn allowed the entry of essential commodities into the country, thus ending the long and tiring queues, which Nigerians, for some years, had to endure for food.
Rural Development
Rural development was a very key aspect of the Babangida regime’s economic plan for Nigeria. Approximately 90,857.40 kilometres of feeder road were constructed, thus opening up hundreds of rural communities to the rest of the country for the first time; electricity, water supply and improved health services reached many more rural folk than ever before. Most of those projects were implemented by DFRRI – the Directorate of Food, Roads and Rural Infrastructure, an agency created by the Babangida administration.
Gender Equality
The Babangida administration was the first to implement a gender sensitive agenda. It created a National Commission for Women that later became the Ministry of Women Affairs. Many women were appointed to key positions in national institutions, among which was the first female vice-chancellor of a Nigerian university; and women occupied strategic portfolios in the Federal Cabinet for the first time. The Better Life for Rural Women, a programme which was anchored by the late First Lady, Hajiya (Dr.) Maryam Babangida, was highly successful in mobilizing women to rise to the challenge of economic empowerment.
MAMSER
MAMSER (Mass Mobilization for Self-reliance, Social Justice and Economic Recovery), was and still remains the best ever exercise in political re-orientation undertaken by any administration in Nigeria. Its central goal was to canvass nationwide support for the Babangida administration’s Political Transition Programme and to promote self-sufficiency in the nation’s economy.
Youth Employment
In order to halt the ever increasing rate of unemployment among the youth, the Babangida administration created the National Directorate of Employment (NDE) in 1987. Its main task was to alleviate their suffering and provide them with the necessary skills to be self-employed. By 1997 nearly 107,000 youths had received the benefits of this initiative, and many more still do.
Consultative Government
Despite heading a military regime President Ibrahim Babangida ran the most consultative administration ever in the annals of Nigerian history. Before deciding on the IMF loan, the issue was subjected to a nationwide public debate. When the people gave a resounding NO verdict Babangida went along with their wishes and called off further negotiations. The commencement of the Political Transition Programme in 1988 was also preceded by a nationwide quest to find the right political system for the nation. Conducted by the Political Bureau to a highly enthusiastic participation by the public, the debate produced very concrete suggestions for the establishment of a more balanced and united Federation, and the key elements distilled there-from served as the template for the subsequent structural and constitutional realignment of the Nigerian nation.
National Unity
The Babangida administration, conversant with the geo-politics of Nigeria, particularly the fears of ethnic domination and marginalization, sought to correct the perceived structural imbalances of the Federation by the creation of more states. Eleven states of Nigeria, two of which were born in 1987 (Akwa Ibom, Katsina) and the latter in 1991 (Abia, Anambra, Delta, Jigawa, Kebbi, Kogi, Osun, Yobe and Taraba); and over 200 new Local Government Areas, owe their existence to this August effort.
Foreign Policy
Under the Babangida administration Nigeria demonstrated to the world its capacity to play the highest leadership role in African affairs. The formation of the West African Peace Monitoring Force, ECOMOG (a Babangida initiative), anchored by bold and heroic Nigerian troops, brought peace to war-torn Liberia and Sierra Leone, an achievement that further cemented the role of Nigeria as the great protector and promoter of international peace.