Rédaction Africa Links 24 with Guardian Nigeria
Published on 2024-03-23 04:00:20
Development economist and finance expert, Prof. Chiwuike Uba, recently discussed why the Southeast region continues to struggle with development, despite efforts by its governors. Reflecting on the 60s when the Southeast was flourishing economically under leaders like M. I. Okpara and Zik, Prof. Uba highlighted the stark contrast to the present situation characterized by poverty and infrastructure challenges.
In the past, visionary leaders like Okpara and Sam Mbakwe implemented projects that propelled the region’s growth, such as the Eastern Nigeria Master Plan, the University of Nigeria, Nsukka, and various industrial and agricultural initiatives. However, the current reality paints a picture of regression and underdevelopment in the Southeast, with high poverty rates and insufficient Small and Medium Enterprises (SMEs) compared to other regions in Nigeria.
One crucial factor impeding the Southeast’s development is the lack of collaboration and regional agenda among the states. While individual states may have ambitious projects in their budgets, the absence of a unified approach hinders impactful development initiatives. The example of the Southwest, with its DAWN Commission serving as a think tank for coordinated regional development, underscores the importance of collective action for progress.
To address these challenges and chart a path towards economic recovery and emancipation for the Southeast region, Prof. Uba proposed several key strategies. Firstly, revisiting and implementing the Eastern Nigeria Development Master Plan can provide a blueprint for sustainable development. Additionally, leveraging Public Private Community Partnerships (PPCP) and establishing a Southeast Development Fund through contributions from governors and private stakeholders can fund critical infrastructure projects like a regional railway.
Furthermore, fostering a culture of cooperation among Southeast states, pooling resources for joint initiatives, and prioritizing sectors like agriculture can boost economic growth and create new opportunities for prosperity. Reimagining Ohanaeze Ndigbo as an independent advisory body, free from political influence, and enhancing its funding mechanisms can enhance its capacity to advocate for the region’s interests effectively.
By adopting a collaborative and strategic approach to development, embracing innovative financing models, and prioritizing key sectors like agriculture and SMEs, the Southeast region can overcome its current challenges and embark on a path towards sustainable growth and prosperity. It is imperative for all stakeholders, including government, private sector, and civil society, to work together towards a shared vision of economic progress and development for the Southeast.
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