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Balarabe Faults Obasanjo's Economic Reforms From Ademola Adeyemo in Ibadan Former Kaduna State Governor, Alhaji Balarabe Musa, yesterday faulted the on-going economic reforms of President Olusegun Obasanjo, describing it as neo-colonialist and dependent capitalism. Musa, who is also the Chairman of the National Conference of Political Parties (NCPP) in Nigeria, suggested that the only way out of this negative trend is for Nigerians to organise themselves and identify and expose and reject evil and ignorance and combatantly replace them with good and enlightenment." The former governor, who spoke while delivering the second Hon. Babatunde Oduyoye Annual Birthday Lecture at the Premier Hotel, Ibadan, said what the Obasanjo government was practising is "capitalism, socio-economic system," which, he said, was based on "narrow self-interest." According to him, capitalist system as practised in Nigeria "must be replaced by any means necessary" to enable Nigerians achieve a common purpose, harmony and social progress inspite of cultural differences. This, he said, can only come about through the mandate of the people in a sovereign national conference of representatives democratically elected from the ward level to the national level. While appraising Obasanjo's economic reforms since 1999, he noted that they had only succeeded in pampering the masses while making the few rich in the society richer. "The so-called reforms of the present semi-military regime which is planned to lead to the leading role of the private sector in the economy and minimal government is neo-colonialist and dependent capitalism, which would continue to marginalise ninety-nine per cent of the people and perpetuate antagonism and all-round backwardness of the state and the people," he argued. Balarabe said there is need for a national conference "honestly constituted," stressing that "only such dialogue can promote the understanding and tolerance for one another which are essential if we are to accommodate our differences in collective purpose and amity." Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

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