Further reforms to governance will be required to leverage the strengthened financial and administrative independence of our local councils.
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It is more a function of the fact that so effete have local councils become over the years, that they have become near invisible to voters. More money will surely worsen this situation. Past all these hurdles, the hope is that, at some point, if “we” can redeem governance at the local government level , then the much ballyhooed “grassroots democracy” might yet mean something useful to our people.
The naira’s float is the most prominent of the many examples. In the light of the ominous state of the nation’s net external reserves on its assumption of office, there were not many options available to the government for arriving at the external price of the national currency. Inflation having already lessened the naira’s domestic price, the restoration of the central bank at the heart of domestic monetary policymaking was a no-brainer.
The introduction of independents or new political actors at any tier of government holds out the promise of new ways of governance. Nonetheless, it will be naive to imagine that what is about to become the ancien régime will sit on its haunches and idly watch a transition that will result in its eventual extinction.
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