The picture that was painted last weekend of the looming catastrophe that could engulf the nation was  frightening. The venue was the Yoruba Tennis Club, Onikan, Lagos and the event was the 2017 Ramadan lecture organized by the Club. The Guest Lecturer, Mr Ibrahim Babatunde Jose saw in the near future, fracas between the elites and the masses. He believed the yawning gap between the rich and the poor has reached such an alarming level that it is already threatening peace in the land. According to him, “there is too much injustice in the land; people are dispossessed and impoverished as a result of the inequitable distribution of benefits which accrue from our God-given resources. The hungry poor will soon have nothing to eat and will begin to devour the rich. Then the fight will start!” Former federal Minister of Works and Chairman, BoT, Yoruba Tennis Club, Alhaji Femi Okunnu, SAN in his contribution to the discourse argued that the problems with Nigeria have nothing to do with restructuring but leadership. He blamed the state governors for socio-economic underdevelopment saying they had more powers to change the tide but chose to go begging at the centre. “Don’t blame federal government for poor housing, it is a state matter. It has been so since 1954 and it is still so today. It is the indolence of your governors and their lack of vision. Blame the governors for all inadequacies. Our problem is leadership that has shown no clear vision and not restructuring. As a matter of fact, I don’t even know what you want to restructure.” Babatunde Jose, the son of the late doyen of Nigeria’s Journalism, who is also a seasoned journalist, publisher and political scientist, indicted the elites for not doing enough to change the tide, lamenting that economic reforms in Nigeria, unlike in other countries, have not met the expectations of the populace. He said, “the reforms are supposed to improve basic infrastructure such as electricity generation, potable water and roads but, unfortunately, these public utilities are still inefficient. While relatively few rich people live in affluence, (most of which were acquired through corrupt means), the poor masses live in squalor and abject poverty. “Today, we stand on the threshold of history. Our nation is on the precipice. At the last count, our leaders are beating the tom- tom of religious and political secession: Ethnic and religious jingoisms are on the rise, naked poverty in the land, children out of school, selling pure water on the roadside instead of being in the classroom; parents without roof over their heads just as the sick have no medical care, resorting to quacks and’  Ajase Poki-Poki’. Economy/leadership Babatunde Jose expressed fear that if urgent and workable solutions were not applied to the dwindling economy, hopes would be lost and youth restiveness might become the order of the day. According to him, “There are very dark clouds on the horizon. A nation that imports everything is now in the death throes with the price of oil on which it depends for its revenue unsteady with each passing day. Even attempts to pump more and increase output are not having any desired change as demand has fallen to the lowest ebb. Our currency has been devalued and the economy that was recently re-based is now debased. 400 Naira to the dollar is a matter that was never contemplated. Very soon all hopes will be lost and our youths, who constitute 60% of our population, will start getting restless, fighting the rich”. Heaping the blames on the elites in the country, Babatunde Jose said the elites had not done enough to effect positive change but rather did a lot more to worsen the situation. “Let it be said that the root cause of our problems are the elites. As for the average citizens of this country, all they ask for is their daily bread. As late Awolowo said: ‘The common man is not concerned with who is in power; he is more particular about food, clothing and shelter; of a wretched type’. He decried the uneven wealth distribution in Nigeria, adding that the huge gap between the very few extra wealthy and the poor masses was unfair as the wealth resides in the hands of a few who mostly are not engaged in productive ventures. He agreed that government had attempted numerous economic reforms; however, most of the reforms have had some adverse social impact. “For instance, the reforms are supposed to improve basic infrastructure such as electricity generation, potable water and roads but, unfortunately, these public utilities are still inefficient. While relatively few rich people live in affluence, (most of which were acquired through corrupt means), the poor masses live in squalor and abject poverty. All told, solving the leadership challenges will free this country from the shackles of underdevelopment and squandering of its rich resources. Our problem could therefore be summed up in one word: ‘Leadership’ and the answer lies in a purposeful and resolute leadership. Today, we are challenged as a people. The current economic crisis is the result of the failure of leadership on a monumental scale. Nigerians today provide for themselves most basic services; they generate their own electricity, sink boreholes for their water, incinerate their own waste, procure primary health care and God knows many other services. We even provide our own roads, as many communities would attest to. These are the hallmarks of a people living at the ‘Gates of Hell. In seeking solution to the issue, Jose submitted that the economy should be urgently diversified, to stem the current over-dependence on oil, which is a finite commodity. He stated that investments should be directed to revamping and expanding the moribund industrial base, especially in the less advantaged parts of the country, to address unemployment. “The pay-off of this strategy will not only address the problem of unemployed youth but will substantially increase productivity, reduce importation and reduce poverty in the country,” he added. Urging government to invest more in education, agriculture, he emphasised the need to make education available to the poor masses adding that a well informed and educated mind would grow to be the best against contagion of folly and vice. “The importance of education to society cannot be over-emphasized as it is important for the formation of character, creativity and intellect. Conversely, a growing uneducated and unemployed or underemployed population will lead to rising social unrest rather than to economic growth. Power “One problem that has defied solution is the power issue; a problem which is now inching towards a total system collapse. This supply/demand gulf is the result of a myriad of problems ranging from obsolete and dilapidated power plants with some as old as 40 years, lack of and very poor maintenance of the plants, and pitiable managerial efficiency: This is however, what you get when you have leaders that lack vision. Due to the low supply of power in the country, manufacturers rely on generators to augment the local supply. This has made the cost of production very high and unattractive to foreign firms that may want to invest in the country. “From the petty trader selling pure water, to the small welder, the street corner barber and the Mallam selling soft drinks in the neighbourhood, it’s complaints galore. Add the cries of agony and anguish of industry and commerce; it’s a tale of woe and lamentation. The matter has got so bad that Nigeria now ranks as one of the largest importer of personal generating sets in the world. “It is indeed a very sad commentary on the leadership of this country; both past and present. Between 1975 and 1983, the following power projects were developed; the Jebba Dam, Shiroro Dam, and Egbin Power Station. Between 1983 and 1999, there was no single kobo invested in power generation. If anything, the ones that were there were allowed to rot. Between 1999 and now, close to $32 billion has been spent on power and nothing to show for it, but a paltry 4000 MW. Yet, in other climes, resources of less amount have been judiciously used to provide reasonable amount of power

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