Nigeria’s constitution does not make a provision for government savings and lawyers yesterday failed to agree on whether it was enough reason for the country’s failure to save for its future.
Going by Section 162 of the 1999 Constitution as amended, reckless government expenditures cannot be adequately blamed on former leaders, Bolaji Akinyemi, a professor of political science and Nigeria’s former external affairs minister said in a statement.
“It is thoroughly misleading to isolate and demonise past regimes for the situation where Nigeria has no savings; the fault is in the 1999 Constitution (Section 162), which makes it mandatory for all monies collected by the Federal Government — with a few exceptions — to be deposited into a central account and to be distributed, among the Federal, State and Local Governments.”
A group, Lower Niger Congress, in agreeing with Akinyemi’s position, said the sentence in the preamble of the 1999 Constitution “falsely asserts and presupposes a meeting and an agreement among the peoples of Nigeria. It is this false claim that is at the core of the fraudulence of that constitution of 1999 and all it contains and creates, including the very Nigeria itself as one political union, the 36 states, 774 local councils, the federal Exclusive List, the quota system and all other shenanigans therein,” said Mr. Tony Nnadi, a lawyer and Secretary General of the Lower




