The Scourge of Socio-Economic Insecurity in Nigeria’s Fourth Republic, and the Challenge of Global Relevance
Abstract
On May 29, 1999 Nigeria experienced the inauguration of an elected president after an unbroken spell of sixteen years of military rule. This relief raised expectations of improved living standards, given the rather trying times which Nigerians were subjected to under authoritarian rule. Goodwill from the international community, as well as the returns from its major export earner, crude oil served as veritable bases for better prospects for the people. Paradoxically the people have had to contend with harsh socio-economic conditions leading to the deterioration in their living standards. Safety of lives and property have been threatened more than ever before. This development has tended to undermine the corporate existence of the nation. The increasing rate of youth unemployment, collapse of manufacturing industries, inability of infrastructure to match rising needs, sectarian and ethnic clashes, assassinations and kidnappings as well as bombings have created high sense of insecurity. These have tasked the capabilities of government institutions to extent that the credibility of leaders have been seriously eroded. This feature of contemporary Nigeria, seriously detracts from the national objective of guiding the nation to become one of the twenty leading nations on the global scene by the year 2020.It equally makes Nigeria less-competitive among the countries seeking to represent Africa in an enlarged membership of the security council at United nations. The high sense of insecurity has the potentiality of eroding Nigeria's relevance as an anchor country. Underlying this state of affairs is the leaders' culture of impunity.
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