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Showing posts from January, 2013

Structural Adjustment Programme (SAP) Nigeria

Did you sell the SAP idea to the Babangida’s government? I was then the Managing Director of Nigerian Merchant Bank. I retired from the civil service, five years earlier as permanent secretary. On January 29, 1986, six weeks after that broadcast, President Babangida appointed me as Secretary to the Federal Government. These clarifications are very necessary because many people thought SAP was brought into the government by me, No! It was introduced and announced by Babangida on December 18, 1985 when I was not even in government. I came into government six weeks later. However, being an economist, a banker and a former director of economic planning for Nigeria and as the SFG, it was often my duty after cabinet meetings, to announce the decisions taken and to explain, where necessary and defend the decisions taken. That was how people saw me as the author of SAP. But because it was in consonance with what me, as a professional economist and banker. I had no difficulty in supporting i...

Memories of Biafran Nightmares

By Olusegun Adeniyi Agu Imo has been a friend and elder brother for almost two decades now, so when he called about two weeks ago to say there is an old man he wanted me to meet, he knew I couldn’t say no to his request. When he mentioned the name, Rev. Moses Iloh, I was even more enthusiastic since the man remains one of the most respected Christian leaders in Nigeria today. But what Imo said next shocked me: “I want you to meet Rev Iloh because he is now 83 and he is someone with whom I am close and he has some interesting perspectives to share about our country. He is not getting younger and I don’t want him to die without telling his story and, for me, you are the only person who can do justice to his account. You know of course that Rev. Iloh was the head of Red Cross in Biafra…” At that point, my enthusiasm wavered a bit. Biafra? That is one topic I told myself I would avoid and for good reasons. Ever since Professor Chinua Achebe published his memoir, “There Was a Country”, ...