IN ACCORDANCE with the Nigerian political timetable of its fourth republic, 2015 is a year of democratic renewal except in few states where the arrangement is altered for justifiable reasons by the judiciary.

Most Nigerians who were at the venue of the 2013 GLO/CAF Awards in Lagos on June 9 or those glued to their seats at home, watching the ceremony live on television, had a common mindset:

A country that specializes in exporting what it does not produce and importing that which it produces.
One of the world’s largest producer of crude oil, that does not refine its own petroleum products and has to import petroleum products.
The world’s largest producer of cassava but does not produce starch or ethanol.

THESE are heady days for the imperious traditional ruler of the Nigerian financial system, Sanusi Lamido Sanusi, who for all intents and purposes can best be described as the Emir, rather than governor, of the Central Bank of Nigeria. The Kano-born prince, who has made it very clear that his only ambition in life is to become the Emir of Kano, has been conducting himself in the most unprincely manner ever seen in a CBN governor. And being the kind of person he is, he will forever brag about how he took on the President of the Federal Republic of Nigeria, rubbished him in public while supposedly serving as part of his government, and nothing happened!

THE idea of the social contract is one of the foundations of the American political system. This is the belief that the state only exists to serve the will of the people, who are the source of all political power enjoyed by the state. The people can choose to give or withhold this power from the state.