Nigeria goes by the sobriquet “Giant of Africa”, principally because of its size. But the best metaphorical description of the country is a “sleeping giant”. And being asleep, Nigeria is not fulfilling its potential. The challenges are daunting and if things remain as they are, the omens are not good. Cobbled together by Britain in 1914, Nigeria remains today, over 110 years later, a deeply fractured society, lacking internal cohesion and a shared purpose. The core ethnic identities compete with, and often trump, the national identity. On the economic front, Nigeria is one of the world’s most volatile and fragile economies. Socially, Nigeria is ravaged by endemic corruption, widespread unemployment, extreme poverty and inequality, and debilitating insecurity. Put simply, Nigeria lacks the political wherewithal and institutional capacity to engender stability, progress and prosperity.
The foregoing is the context in which I wrote my book, In The National Interest: The Road to Nigeria’s Political, Economic and Social Transformation, which was launched last week. The book is a bold call to action, grounded in deep historical insight and focused on one central truth: Nigeria cannot move forward until its leaders and citizens alike begin to act in the national interest. In it, I explore the root causes of our national challenges – political, economic, and social – and present a clear-eyed roadmap for transformative change. I argue that Nigeria needs a new political and constitutional settlement as well as a new economic model to unlock its great potential and become politically stable, economically prosperous and socially cohesive, and thus become the great nation that it should be. As someone committed to the future of this country, I believe this book offers the kind of holistic analysis and forward-thinking solutions that are urgently needed.
Analytically, the book’s approach is based on the premise that there is a symbiotic relationship between the political, economic, and social factors shaping Nigerian society and that political governance, economic performance, and social well-being are interdependent. For instance, the right political institutions that positively shape the character and efficiency of democratic governance are a prerequisite for successful economic governance and management, and both political stability and economic prosperity are critical to social progress and internal cohesion, both of which, in turn, can affect the operation and performance of the political and economic systems.
“Analytically, the book’s approach is based on the premise that there is a symbiotic relationship between the political, economic, and social factors shaping Nigerian society and that political governance, economic performance, and social well-being are interdependent.”
The book’s core political argument is that Nigeria’s political and governance structures are deeply flawed and are hindering development. To govern its economy and society well and achieve maximum economic and social benefits, a country needs, in the first place, political institutions and governance structures that work. Without a stable political environment, economic progress is impossible. Therefore, it is futile to talk about economic governance without, as a starting point, political governance. Thus, the book argues that Nigeria needs political restructuring, which must lead to an inclusive and enduring political and constitutional settlement and a new constitution that ensures that the country is governed in a pluralistic, unity-inducing and prosperity-engendering manner.
Complementing the political argument is the economic one, which addresses economic, trade, and industrial issues. Following on from the political argument, it is submitted that once Nigeria has had a negotiated political and constitutional settlement and a new constitution, it would need to restructure its economy. Without economic progress, even a stable political environment will begin to unravel. So, economic restructuring must follow from political restructuring, and the book’s central economic argument is that Nigeria must be an open, competitive, market economy, and an export-led industrial nation. Adam Smith’s immutable words are worth remembering: “No nation is ever rich by the exploitation of the crude produce of the soil but the exportation of manufactures and services.”
Then the book addresses a significant issue in Nigeria: weak state capacity. This deficiency hinders Nigeria’s ability to manage various societal challenges, including joblessness, poverty, inequality, and insecurity. The issue isn’t due to a lack of skilled individuals; Nigerians are recognised for their leadership on global stages. Instead, the root of the problem lies in ineffective governance, fragile institutions, and a deficit of visionary and competent political leadership. But Nigeria cannot be an effective state unless it is first a strong nation where leaders and citizens alike, regardless of ethnic, regional, or religious differences, have a sense of shared purpose and of the national interest. That means that Nigeria must first be restructured to create a new political and governance system that is fair, just, and equitable, ensuring that the right values, norms, and incentive structure underpin that system. Only when Nigeria is united and stable, only when there is a sense of shared belonging and purpose, will an effective state emerge and state capacity and, with it, progress.
Thus, my deeply held conviction, which informed the writing of the book, is that it is impossible for Nigeria to achieve the much-needed political, economic, and social transformations and fulfil its great potential without a negotiated political and constitutional settlement and a new constitution, followed by the revamping of its economic model. The book rejects the argument that Nigeria does not need to be restructured, that what it needs are good leaders and good citizens. While the success of all institutions depends, in large part, on those who run them, it is also true that institutional structures can constrain behaviour and shape outcomes. Of course, leadership matters, and the attitudes of citizens matter, but the right institutional structures, underpinned by the right values, are powerful incentives in driving behaviours, performance and outcomes.
The overarching appeal of the book is to the national interest. It is not beyond human ingenuity and creativity to produce for a country an enduring political and constitutional settlement and create a fit-for-purpose economic and governance structure. However, it requires acting in the national interest to do so. Acting in the national interest means reacting as every group with a shared identity does in the face of real and present danger and putting the best interests of a nation and its people above sectional and myopic considerations. The truth is that Nigeria’s current political and governance structures cannot ensure or guarantee its unity, stability and progress, and maintaining the status quo is not sustainable; it is even dangerous. Nigeria must, therefore, chart a new path forward.
My greatest hope is that the book will contribute to that process and that it will lead to a national consensus to restructure Nigeria and create a new political and constitutional settlement, and a new constitution, both of which are preconditions for economic and social transformations. As Professor Paul Collier says in his Foreword, “This is the book that Nigerians have long needed: an agenda for root-and-branch renewal based on a profound historical understanding.” In his own Foreword, Professor Pat Utomi, described the book as “thoughtful, a call for action to change course”. He adds: “From an analytic but fair and balanced commentary on historical evolution of politics, governance and development practices in Nigeria, the book puts forward what can be called a Federalist agenda.” If you care about Nigeria’s future, as I hope you do, I invite you to read the book and join national the discourse on the remaking of the country.


