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A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, has urged President Muhammadu Buhari not to ignore the growing call for fiscal federalism and the re-negotiation of Nigeria’s unity.
Soludo specifically warned that Buhari’s attitude towards restructuring at a time when the Biafran agitation was intensifying was dangerous.
He made the call during the public presentation of a book titled, ‘The Politics of Biafra and the Future of Nigeria; published by Chude Offodile, a former member of the House of Representatives.

Soludo said, “If I were President Buhari, I would be very suspicious of anyone who advises me to ignore the Biafran issue. Anyone who says that is either ignorant or being mischievous or quite patently doesn’t mean well for the government and probably wants the government to repeat the mistakes of the past. We must start learning.”

The ex-CBN governor, who reviewed the book, explained that the Biafran argument had two variations.
He said some of the Biafran agitations were underpinned by former President Nnamdi Azikiwe’s concept of fiscal federalism while the other was based on a neo-Biafranism advocating the creation of a sovereign state.
Soludo added, “There seems to be two views: the Neo-Zikism which represents federalist versus the neo-Biafranism which calls for a sovereign state of Biafra.
“Everyone is talking of restructuring. From the book we get an insight into the faulty design of the Nigerian system. There was a modification of Aguiyi Ironsi’s unitary system into a unitary federal structure with a suffocating command post at Abuja. That suffocating command structure was ok for sharing and consuming the oil rent but even while the oil rent lasted, it was inherently politically unstable and inherently unproductive.
“If you see the failed or fragile state indices and the rankings of Nigeria, we have been coming back precipitously from number 54 in 2005 to now number 13. We are one of the countries under the red alert list.”

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