FRANK UKONGA LECTURE 10: THE MARGINALIZATION OF THE MIDWEST REGION IN THE NIGERIAN DEMOCRACIES.AN APPEAL TO THE CONSTITUTIONAL REVIEW COMMITTEE TO CREATE 2 MORE STATES FOR THE MID WEST REGION AND MORE LOCAL GOVERNMENT AREAS

FRANK UKONGA LECTURE 10: THE MARGINALIZATION OF THE MIDWEST REGION IN THE NIGERIAN DEMOCRACIES.AN APPEAL TO THE CONSTITUTIONAL REVIEW COMMITTEE TO CREATE 2 MORE STATES FOR THE MID WEST REGION AND MORE LOCAL GOVERNMENT AREAS.

 

THE NIGERIAN STATE: The Nigerian Federation is the largest Democracy in Sub Saharan Africa and the African continent with a population of above 250 million peoples emerging as the most populous nation of the Black Race of the world and the third largest Democracy. It is a great country of more than 230 tribe Nations and well endowed in both human and Natural resources. Nigeria was colonized by Britain after the amalgamation of the Northern and Southern trading protectorates of the British by H.E. Lord Luggard about 100 years ago and later Nigeria got its independence in 1960 and four Regions emerged from that era as in Northern Region, Western Region, Eastern Region and the Mid West Region. But ever since the creation of the Mid West Region in Nigeria there has been a systematic marginalization of the Region in the schemes of things of the Nigeria Federation. The only time our sons and daughters are remembered is when they are needed to be seen in the schemes of things but never to be heard and kept inactive capacity as yes men, rubber stamp men and used as instruments in most cases by other tribes of the colligating federalism.

THE INDEPENDENCE STRUGGLE: The Motion for the independence of Nigeria was moved by the Mid West Region by our great Representative MP Chief Anthony Enahoro and the British respected the great sage and erudite intelligentsia of the Mid West Region and agreed with Chief Antony Enahoro to give Nigeria Independence. And my uncle chief E.S. Ukonga who was a Minister in the then federal Government as well as my Father Chief Gabriel Ukonga who was the former Controller General of Accounts of the Nigeria Army and my grand father Chief Okomayin Ukonga, who was the of the Okomayin of Igarra Kingdom, and my great grand father HRH  Otaru Ogbodo Idanage Ukonga, who was the paramount Ruler of the Igarra Kingdom of the Mid West region were supportive to Chief Antony Enahoro , Chief Obafemi Awolowo and the Western Region; and they all fought assiduously to liberate Nigeria from the colonial British Rule. If not for Chief Enahoro’s motion of independence, Nigeria may still be under the British colonial Rule till today. Also involved in the great struggles for the independence of Nigeria, in the Mid West Region were Chief Alfred Rewanie, Chief Okohtie Eboh, HRH Oba Akenzua of Benin Kingdom, Chief Mariere, the Okumagas, HRH Olu of Warri, HRH Otaru of Auchi, etc all fought assiduously for the independence of Nigeria as well as for the creation of the Mid west Region. Our great leaders of the Mid West Region joined hands with the leaders of other Regions like Chief Obafemi Awolowo, Dr NNamdi Azikiwe, Alhaji Sir Ahmadu Bello, Sir Ibrahim Kasheem, Alhaji Abubakar Tafawa Balewa, and others to liberate Nigeria from slavery, colonization and white imperialism. And we in the Mid West played our role very well as we were ahead of other Regions in Education, technology, civilization in the Mid West as we were the first to have contact with the White Race. It is the other Regions that were foot dragging when the clarion call for independence was on that is now milking the entire Nigeria leaving the Mid West Region  that spare headed the Nigerian independence to languish in poverty, backwardness, death, grief and shame.

THE ROLE OF UKONGA ROYAL FAMILY IN THE INDEPENDENCE STRUGGLES OF NIGERIA: I, Prince Frank Onaivi Ukonga, Governorship Candidate of Edo state in 2012 polls, was brought up by my grand father HRH Okomayin Ukonga who was a traditional Head of the Eshinogu Ruling dynasty of Igarra kingdom and a very rich cocoa farmer and cocoa merchant and he told me all the events of that era, how he donated generously to all political parties particularly Action Group, How Akoko Edo Lga, then Kukuruku Province gave Western Region the sum of 200,000 pound sterling( which is a very big sum of money today) in the struggle for the independence of Nigeria and subsequently Mid West Region. But when you go to Igarra town today you will shed tears for all Igarra people. The entire place is in ruins, underdeveloped, with neither roads, nor water and the electricity is epileptic, no factories, no university nor polytechnic nor any State or Federal presence. It is really a sad case for Igarra and its great peoples. The poverty is so acute now on us that even it becomes a temptation to aspire above the position of councilor as an Igarra indigene/Akoko Edo Indigene. When I contested for Governorship in 2012, and asked the primaries to be hosted in Igarra the INEC officers from Abuja and Benin and all the security operative top brass of the Nigerian Federation, that came to monitor the event, were surprised that I could call governorship primaries in such a place looking like a big village. After I explained to then the great past glories of Igarra they now saw reasons with me and it was the first time such a great event as a governorship primaries being held in Igarra town and the entire peoples of Igarra were very appreciative to INEC and the Federal Government.  I am the first Igarra son and indigene to ever contest the governorship election in the entire 500 years history of the Igarra Kingdom / Akoko Edo local government and second in the entire Edo North history. You can really see that it is not normal, so I am calling on the Federal Government of President Goodluck Jonathan to do something for the Igarra peoples like locating a Federal University in Igarra. I am also calling on private investors to come and invest in Igarra. We have lime stones and lots of underground solid minerals. We also have cocoa, cashew nuts, and palm kernel, iron ore deposits. The Eshinogu Royal Ruling family where I belong is ready to donate land and take equity participation with any body who want to invest in Igarra or if you want to build a University in Igarra we shall provide the land free. Etc.

 STATE CREATION: Nigeria had four Regions but when General Yakubu Gowon was creating 12 states the Mid West Region was left alone and marginalized and its name only changed to Bendel state. No state was created out of the Region were as other regions had a minimum of 3 states. That is why the Mid West region is the most underdeveloped Region of the Nigerian Federation. The Mid West Region today should have been shared into at least 4 states but today the region has only 2 states of Delta and Edo states. It should have been shared into four states with Igarra as state capital, Uromi as state capital, Asaba as state capital and Benin as state capital. This was how other Regions have underdeveloped us. This is a passionate appeal to the constitution review committee to give Mid West Region more states at least two more states.  Give us our due share in the schemes of things.

LOCAL GOVT CREATION: The same happened during the creation of Local government Areas where many local Government Areas of Bendel state where never shared, like the Akoko Edo local Govt has been like that since 100 years ago, and no development and it’s the largest local government in Nigeria and Africa today with large population and only one allotment from the federated account. Other local govts with the status of Akoko Edo has become States: its headquarters Igarra which remains as a local Govt status for more than 90 years, other towns which were provincial capitals like Oshogbo, Akure,Gombe, Katsina, etc have become state capitals. In the local Government set up, out of the 774 local governments in Nigeria Edo and Delta states has only 38 lga while Kano state alone has over 44 local governments Areas, and this means over 44 allocations from the federated account. The entire Northern Region has more than 400 lga of the 774 lga while the Western Region has above 120 lga and the Eastern Region of almost 9 states has above 200 lga. So the Mid West Region has been short changed and underdeveloped in the schemes of things by acts of commissions and omissions by other stakeholders in the Nigerian Project. Mid West is one of the biggest stakeholders in the Nigerian Project and my Royal Family of Ukonga is also a major stakeholder in the politics and governance of the Mid West and Nigeria for the past 500 years non stop from generation to generation.  The constitutional review committee should give us more local governments. Give us our due share.

FEDERAL ALOCATIONS: This translate to the fact that the Mid West has been marginalized since independence on what is given to us from the federal allocation which used to be one allotment when we were Bendel state for many years where other regions where getting 4 allotments that is from 1967 until when President Babangida decided to split Bendel state in to two in 1986  as in Edo and Delta states., and from then till now we continue to struggle under only two allotments when other regions gets above 6 allotments on monthly basis and in the LGA allotments we get less than 40 allotments as a region while other region gets above 200 allotments , then how do you expect development to come out of the Mid West Region.

NO FEDERAL PRESENCE IN THE CONTEXT OF INFRASTRUTURES AND INSTITUTIONS: Likewise as the regards of having federal presence there are very few federal institutions headquartered in the Mid West and the context of companies there is no  single Federal Government company sited in Edo state safe for the oil producing capacities of the Delta state and Edo states which necessitated oil exploration and extraction institutions and other  few companies there is little federal presence in the entire Mid West Region. And that is why the Region is poor, underdeveloped and only surviving with the help of God.

 PETROLEUM PRODUCING REGION: The Mid West Region is a petroleum producing Region as the two states of Edo and Delta states are oil producing states. Despite our immense contributions to the wealth of Nigeria which is largely based on petroleum removed from our soils, the proceeds have not reflected in the development of the region at all. We travel to Lagos, Abuja and other towns of Nigeria and we see the standard of infrastructural developments in these areas. We see Federal Presence all over these places.

ORIGIN OWNERSHIP OF POLITICAL PARTIES: SYTEMIC MARGINALIZATION: Since independence there has not been a big political party that originated from the Mid West Region. As soon as political dispensation begins all other larger Regions forms their own political parties and intrude into the Mid West Region to recruit members as instruments to be use and dumped after they gain access to power. In the political dispensation of the pre independent and post independent era Chief Okotie Eboh of the Mid West camped with NCNC while Chief Antony Enahoro camped with Action Congress of Chief Obafemi Awolowo. Mid West Region has become the battle group for political parties from other Regions and the true political identity of the great Mid West Region has been wiped out of history of  the human race save for the regions to play a second fiddle or forth fiddle in the schemes of things all the time. In the times of NPN and Unity Party of Nigeria a similar thing happened when the Unity party of Nigeria a western originated political party ruled the state. And in this new dispensation same thing is happening as in the battle between PDP a mainly Northern Origin party took sway of the state for 9 years and just recently the ACN a western off short of Awolowo’s Action group took over the state as in the emergence of H.E. Adams Oshiomhole of the Labor congress.

H.E ADAMS OSHIOMHOLE AND THE LABOUR PARTY: We in the mid West Region were very optimistic when H.E. comrade Adams Oshiomhole came into the state with the Labour party and we understood that the political pedigree of the Labour party may be too fragile to win in general elections and he decided to go into partnership with a traditional partner the ACN a western originated party with which he was able to secure a wining. This is a great strategy, but then the entire peoples of the Mid West are getting tired of playing back seat role in ownerships of political parties at its origin and either we are running to Lagos to get orders and assistance or we are running to the North for assistance or even to the Eastern Region. It is time we grow up and carve out a unique identity for ourselves as a Region and determine our future by ourselves.

NATIONAL REFORMATION PARTY: It was only Chief Antony Enahoro who used to be in union with western originated parties that finally realized the necessity to form an Mid West originated party as in National Reformation party which was registered but the great sage could not nurture it to maturity to achieve the great aim of giving the mid west region a voice, a political identity before he left to join his ancestors last year.

SOCIAL DEMOCRATIC MEGA PARTY: The Social Democratic Mega Party is a coalition Party of several political parties in Nigeria and it is our desire to united with other political parties particularly the National Reformation Party of Chief Anthony Enahoro and consolidate it as a Mid West Origination Party and using this platform to raise a new avantgard of seasoned politicians , statesmen, professionals and leaders of the Mid west and field them for subsequent elections in the Mid West and on National Basis as our input into the colligating Regional arrangements.

CONCLUSION: Whence I am calling on all sons and daughters of the Mid Western Region to join hands with me in this noble venture to reinvent the Mid West Region and bring back the glories of our fathers and fore fathers who paid the supreme price to liberate Nigeria and the Mid West Region.

LONG LIVE FEDERAL REPUBLIC OF NIGERIA

Prince Frank Ukonga

Governorship Candidate Edo polls 2012

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FRANK UKONGA LECTURE SERIES 9-: NIGERIAN/ AFRICAN ECONOMIC & FOREIGN POLICY THRUST: THE IMPERATIVES OF A PARADIGM SHIFT TO DIPLOMATIC & ECONOMIC RECIPROCITIES, TRUE EQUALITY AND DÉTENTE- FOCUS ON SWF, PRIVATIZATION, and SOLUDONOMICS , LAMIDONOMICS, & REPARATIONS ETAL.

FRANK UKONGA LECTURE SERIES 9-: NIGERIAN/ AFRICAN ECONOMIC & FOREIGN POLICY THRUST: THE IMPERATIVES OF A PARADIGM SHIFT TO DIPLOMATIC & ECONOMIC RECIPROCITIES, TRUE EQUALITY AND DÉTENTE- FOCUS ON SWF, PRIVATIZATION, and SOLUDONOMICS , LAMIDONOMICS, & REPARATIONS ETAL

BY PRINCE FRANK UKONGA.

In political philosophy the two broad categories that assert sovereignty of Nation states are:

DE FACTO PREMISES: De Facto premises as in being able to win legitimate mandate of an electoral college to rule over sovereignty or through coup de Etat or by what ever means addressed to secure the mandate of a larger part of the populace. The second premise is the De Jure recognition which comes after the ruling Government have been able to prove adequately that they have secured the De facto. DE JURE PREMISES: The De Jure premise borders on the recognition of the Sovereignty and its government by other international organizations and countries like the United Nations, world powers, African Union, Ecowas, and other Nations of the world. In contemporary times other world bodies like the Transparency International, the European Economic Community, the Commonwealth of Nations, the G8, the BRICS, The commonwealth of Independent States. The Benelux, The Euro Asian Economic community, etc have become increasing relevant in gaining De Jure recognitions by emerging sovereignties.

THE AFRICAN CASE: PARTTION OF AFRICA: THE PECULIAR ANTI BELLUM TRADE: SLAVERY, COLONIZATION AND IMPERIALISM: The cases of Nigeria and Africa has always been described by philosophers/historians as a peculiar anti bellum phenomenology as in the truculence of our historical and dialectical materialism for the past 500 years where All African Nations were raped by the impudence of the white colonialists in the schemes of things of African superlative civilizations. The entire countries of Africa as well as kingdoms were bastardized, denigrated, looted by the colonial powers and in place they Partitioned Africa and formed colonial governments after the abolition of the rootless slavery of looting treasuries and able men and women; peace loving men and women who never offended them as acknowledged by H.E. Abraham  Lincoln, to slave in plantations in America, Europe and Asia, used and denigrated as the beast of burden to build great cities and civilizations of London, New York, Paris, Brussels, Bogota, Rio De Jeneiro , Bones Aries…

THE STOLEN LEGACIES: All the wealth of the African continent were stolen away by the white Race both natural and human resources. More than 500 million Black men and women were removed from Africa by the R& D conducted by Prince Frank Ukonga in 1982-1990 which took me traveling to Europe, America and Asian continents visiting special classified libraries all over the world. In some cases like the EEC most important Library in Brussels where many of these secrets are kept I had to secure an approval from highly placed Lawyers and Attorneys of Western Europe before I was allowed a few hours under heavy security, to read some of these frightening documents of bills of Laden of slaves, wealth, and gold shipments from African ports to Europeans and American imperialists and many other frightening carnality, bestiality inflicted on the Black Race. The case is really despicable and lowly. And because of this I wrote the book “The Seething world- Reparations for the Black Race- A Functional Approach” published in 1992 and the book has been classified by American library of congress, the Wikipedia, the National library of Singapore, the National University of Asia and Pacific research in Australia and many Universities of the world as one of the most valuable book category of the world. That means you need a letter from a recognized attorney at law before you can be allowed to read my books. The books have made the deans list of many Universities in the world including the Northwestern University of the United States of America which is the university with the largest library in the entire universe and an Ivy League university. And recently it appears that by the copy right laws of the United States, a book of over 20 years may not continue to retain an author monopoly so more than 10 universities are claiming rights to the book of ten chapters, making the book the most shared book in the entire history of the Human Race in today’s Guinness Book of Records. In the book I wrote all the things and all the stratagems for African countries to pursue in economic development, in foreign policy thrust, in Agricultural, industrial etc , and tabled it one after the order on how to become a great super power in Africa and much more.

THE THEORIES OF ECONOMIC RECIPROCITIES: SOLUDONOMICS & PRINCE FRANK UKONGA THEORIES: SOLUDONOMICS is the economic theories of Prof. Sochukwuma Soludo who was the CBN Governor in the OBJ years of 2003-2007 based on quasi market driven supply side economy; had most of its premises similar to the features and recommendation of PRINCE FRANK UKONGA THEORIES -contained in my book- “The Seething World- Reparations for the Black Race – A functional Approach” published in the year 1992 a decade before Prof. Soludo became the CBN governor and the book was already well known by then and had made the deans list as far back as in 1993 of the Most prestigious university of North Western in Illinois USA. Among the concepts and ideas in the book includes the followings:

1.       BANKING CONSOLIDATION: The book dueled much on the frail nature of our institutions including the Banks and recommended merger and acquisition for All African financial institutions including Banks, insurance, Finance houses etc which Prof. Soludo implemented in 2004/2005.by consolidating Nigerian banks to 24 in number and strengthening them which he earned the award of Best Banker of the year from many prestigious financial institutions including the Financial Times of London. The idea and concepts has been published since 1992 by Prince Frank Onaivi Ukonga in his book “The Seething World”. And internet- eBook versions of the book of Prince Frank Ukonga were made by Google, Amazon books, Get sited Geo city, Open University library of USA,ABE eBooks, University of Indiana etc has e versions of my book used to teach their students and many marketing them since  1992 on the internet.

2.       AFRICAN MONATARY FUND: My book explained extensively the need for an African Monetary Fund and spelt out in Black and white clearly how to go about it, that even the mundane will comprehend it: addressed to liberate the African continent from financial imperialism for ever But when Prof. Charles Soludo implemented the African Monetary Fund issue they merely attached Africa as an appendage to the world Bank and , WTO, and IMF which was not exactly what I recommended and that is why we will continue to be dependent on International Monetary Fund, World Bank  as slaves to eternity. My theory was to pull us into independence so that the western Financial metropolis of IMF and World Bank will related with us in mutual economic and diplomatic equality and reciprocities by pulling out our special Drawing Rights collectively as African Nations and starting a new Global Financial Block/ House entirely.. It is still possible.

3.       REGIONAL BANKING: AFRICAN FINANCE CORP: In the case of regional banking implemented by Prof, Soludo, I spelt out clearly in my book how to go about establishing a Regional Bank that will cater for the African Nation states and the source of funding for the proposed Regional Bank was well spelt out in the book. But then Prof. Soludo implemented the idea in his own way and that is why the autonomy of Regional banking is not in sight but still glued to the manipulations of Western capital metropolis. I warned against this in the book.

4.       BANKING & FINANCIAL HOB FOR AFRICA: The book spelt out clearly the need for a banking and financial hob for Africa like the financial and Banking Hobs of Europe as in London Hobs and Geneva and I did suggested Lagos to be the African Financial and Banking hob of Africa and perhaps the Atlantic realm. Prof Soludo implemented this and made Lagos the Banking and Financial Hob for Africa. This was well implemented.

5.       CONSOLIDATIONS OF OTHER INSTITUTIONS: INSURANCE, AVIATION, BUILDING / MORTGAGE INSTITUTIONS; This was also implemented as contained in the book but its only in the case of insurance that something is still missing as in insurance companies are very rich institutions in foreign countries and are a great source of developmental finance for these countries and we need to rijig that department to create more jobs, and mobilized developmental finance for Nigeria/African countries.

6.       MICRO FINANCE BANKS: I wrote extensively on the issue of Micro Finance Banks as a means to mobilize rural and semi urban markets in the aspect of mobilization of developmental finance for African counties that need rapid social and economic development. The book was published before Prof. Mahmud Yunus of Bangladesh who is now been called the father of Micro Finance Bank began his own thesis. So he must have borrowed my ideas, but intellectual courtesy and ethics demands that he credits the source of his own thesis. I went in to so much detail about the Micro Finance Bank concept that even a non Banker can implement it successfully. Prof. Soludo implemented the Micro Finance Bank concept in Nigeria and it was partially successful but later I wrote a thesis on the reason why it could not mobilize the Nigerian rural and urban areas because of the enabling regulations that brought it to being in Nigeria. Most Micro Finance Banks began to compete with Universal Banks in cities and they had feet of clay so they had to crumble.

7.       BLACK ON BLACK IMPERIALISM: PRIVATIZATION OF NIGERIAN COMPANIES AND ASSETS: THE PROBLEMS PRESIDENT JONATHAN AND THE 7TH REPUBLIC MET ON THE GROUND: The privatization exercise of Soludonomics was an outright ripe off of the peoples of Nigeria and it should be revisited by the 7th Republic. In my book what I wrote about the need for privatization is either to turn most of the Federal and state owned concerns to joint stock companies and holdings, and no Nigerian is legally allowed to own more than 10% of the stocks so that it can empower many Nigerian families or on the contrary to use the concept of participatory capitalism as in the case of Russia, Poland, etc And other countries that privatized same time with us. Shares were allotted to all citizens of the country as their share as the companies being privatized belongs to all citizens. And if a family wants to raise working capital they can sell their shares to any other share holder and raise seed money to begin something else. So it enriched the entire Nation of Russia which helped most Russian Families and Polish and Ukrainian families to begin to participate in the economy and today of the 100 richest peoples in the world in the forbe magazine, Russians are more than 30 and it produced a rich society. In our own case the rich and some serving government persons bought the companies with moneys looted from the Nigerian treasuries using some big boys as fronts. So the entire country got short changed two times. It is sad and pathetic and this widened the gap between the have and the have not, poverty, joblessness, and a general decay of every thing in the Nigeria polity set in till today. Many of this problems were not created by the 7^th Republic nor by President Jonathan, but they inherited these problems including the colossal 16 billion dollars wasted by the OBJ era on illusive power sectors and sale of all government properties, utilities, refineries, seaports, insurance, reinsurance cooperation, big Oil concerns, gas companies ,telecommunication companies, oil blocks, oil wells, rigs, manufacturing companies, steel companies, sugar companies, salt companies, pulp and paper companies , rolling mills, etc  it is uncountable. The duty of the 7th Republic is to collect all these companies back from the peoples that bought them and plot out a new equitable privatization formula that will carry majority of Nigerians as beneficiaries to create more wealth spread, justice and equity.

8.       GNP/HEAD: HOW OUR GNP/HEAD ROSE FROM $200/HEAD TO $1200/HEAD IN 2004, :I wrote in the book how to upgrade our GNP/HEAD economic indicator from then 200 dollars which placed Nigeria, a rich oil producing country in the category of poor Nations which was not good at all for our Image and I invented a mathematical formula also in the book called UFO/FRANK UKONGA CONSTANT in the context of complex Integral Mathematics that can immediately remove us from 200 dollar GNP/ Head to above 1000 dollars GNP/HEAD category.. Prof. Soludo expertly implemented this Idea, but passing through another method which I know but will not expose to anybody in this lecture series nor will I ever expose the concept he used in any other lecture series, he is a genius as well, as he achieved pushing our GNP/HEAD to 1200 dollars. I leave it to him to expose his own method in his own book which we are expecting, but it was ingenious and had same underlying reality as my theories.

9.       NATIONAL SAVING CERTIFICATES: HOW TO IMPROVE OUR SAVINGS/GDP RATIO: My book wrote extensively on the Savings / GDP ratio of Nigeria and African countries which was very low as Nigeria has a Saving/GDP ratio of less than 3% and most African countries less than 12 % and my book proffer solutions as to how to improve this by National enlightenment, mobilization and through cashless society. Also Prof. Soludo brought in National Saving Certificates financial instrument which was a brilliant concept which I also wrote about in the book but as saving coupon/ vouchers whatever we call it either certificate or papers the idea remains the same but it was poorly patronized and poorly implemented. By now the National Saving Certificate of Prof. Soludo would have become a second National trading and saving instrument like the treasury Bills of the Federal Government if well packaged which would have been fantastic for the economy. But he got the credit of implementing it.

10.    MALAM SANUSI LAMIDO:  Malam Sanusi Lamido started this year the Cashless economy concept which I explained in details in my book as in cashless Lagos. This will improve the saving culture of Nigerians and jack up the Savings/ GDP Ratio.

11.   SOVERIGN WEALTH FUND: To adequately plan for the future of young Nation states including emerging countries of Africa and Nigeria I recommended in the book the need for a SOVERIGN WEALTH FUND. SWF. Which H.E President Goodluck Jonathan implemented for Nigeria a few months ago which was a giant stride in consolidating Nigeria in international arena as a player in the novae economic reciprocities. Other Nations have also been adapting my concepts of SWF like Norway etc, But then I did recommended that the Sovereign wealth fund is not just doling out some funds to international fund Managers to be turning it over for us but should be a more comprehensive holistic issue of the INTERNATIONALIZATION OF OUR ASSETS AND LIABILITIES and now I will move everybody into the proposed future of Nigeria as I theorized in the book .So welcome on board.

12.   INTERNATIONALIZATION OF OUR ASSETS AND LIABILITIES: NIGERIA PLC: As at the time my book was published in 1992 Nigeria and most African countries were indebted to the tune of 300 billion dollars and in my book I proffer several ways by which young Nation states can pay up the debt and swim into the world of economic and industrial prosperity. But then for some peculiar Oil rich Nations like the Nigeria case study whose debt burden was not a consequence of insolvency but illiquidity i.e.-a manifestation of lack of developmental finance to grow out of the debt crisis as Nigeria was owning then only $ 30 billion dollars, I proffer some ingenious ways to go about liquidating the debt and coasting to a new world of economic and industrial prosperity. The suggested stratagems then were:

13.   REPARATIONS:BASORUN MKO ABIOLA: As one of the pillars of diplomatic and economic reciprocities:  I recommended in my book Debt Repudiation by positing the trilogy of slavery, Colonization and imperialism as the remote causality of our indebtedness which was championed by MKO Abiola as we were then reasoning alike. And we were to demand for REPARATIONS on the floor of U.N General Assembly and a Marshal plan for the development of the African continent and a debt forgiveness plea based on the aforementioned premises which Basorun MKO Abiola had almost succeeded in achieving, save for the June 12 election debacle Nigeria would have arrived as a world supper Power by now if the leadership of Basorun MKO Abiola was acceptable to all and he would have implemented our REPARATION IDEAS which includes all the aforementioned to the letter in the proper ways recommended and not patronizing   subserviently to western imperialist metropolis as implemented by Soludonomics that quickly rushed to pay up the debt which was not even necessary as at that time he paid 20 billion dollars. What some Nations like the Russian and Paris clubs we owed substantial money of up to 12 billion dollars wanted was to convert the debt to equity swap,

14.   DEBT EQUITY SWAP:AS A STRONG PILLAR OF DIPLOMATIC AND ECONOMIC RECIPROCITIES: The Russian Federation had opted since the Abacha era for a debt equity swap which they wanted to use as an investment into the Nigeria Economy and it was not a secret. But why Soludonomics decided to pay back all these monies that even the World Bank and many stakeholders’ felts we were ripe for debt forgiveness/ Debt equity swap, as in Pakistan and many other Nations got Debt forgiveness after the Middle East crisis is still a big surprise. It generated lots of international controversies but later the case was rested.

15.   DEBT PAYMENT OF 20BILLION DOLLARS BY SOLUDONOMICS: my book never supported debt payments in the whole or partial nor do we support debt re schedulment and interest paid therein. But Soludonomics paid 20 billion dollars out, when the issue was not even necessary and if he had implemented the real aspect of my theories about the internationalization of our assets and liabilities the debt would have vanished into the scheme. The debt will simply collapse into the grand design as a non issue. Later Prof Soludo began to implement the internationalization of our assets and liabilities concepts in my book in fragments, which became of no important use. Like the raising of 500 billion Naira bond, the placement of Nigerian companies in foreign exchange markets, the opening up of Nigerian Bank Branches all over the world, the establishments of TRASCORP ETC as an international carrier company to begin the emergence of Nigerian TRANS- INTERNATIONAL/ MULTINATIONAL GLOBAL COMPANIES as in, the emergence of New player in the field of international capitalism which was messed up again. The issues of internationalization of our assets and liabilities in my book were bonded as a holistic abellian phenomenology and cannot be implemented with positive results when fragmented. But the theories are very sound, as they were based on empirical, well calculated calculus, of integral differential equations of complex phenomenology. But a little success has been achieved in this regards as in the internationalization of GLOBACOM, OANDO, and in the Banking sector. The Petroleum sector which would have prime led the internationalization as I recommended in the book is still in quagmires in Nigeria and that is why we are having problems now. The book recommends that Nigeria plc should have refineries all over the world. We should establish our Mega Petrol stations all over the world to generate jobs and conquer the entire world. What’s holding us back? But ourselves, our thinking and mind set which is myopic, dark, selfish, and self centered and cocoon. The world is ours, let’s take it and go big. The cocoa industry and other primary raw material were also mentioned in my book; what’s wrong if we have cocoa beverages companies like Cadbury all over the world, or cashew and palm oil plants all over the world or coffee plants all over the world, or cement plants all over the world. My R and D on our ferrous Iron ore deposits in Nigeria can feed the world mills for above 2000 years, what’s wrong if we had iron and steel mills all over the world..etc;. And these and much more are the concepts in my book encouraging young Nation states including Nigerian to brake down imperialist barriers, and  fear and march into a world of economic and diplomatic prosperity. These are only synopsis or little fragments from my book of ten chapters. The book is loaded with billions of ideas and that is why it has become one of the most valuable books of the Human Race that you will need a special permission from a recognized attorney at law, to read the whole book by those institutions that have copies of my book in the international communities of Europe, Asia and America. The book was written by me, Prince Frank Onaivi Ukonga. My book is being used by special research institutes to groom leaders of the advance world in Europe, Asia and America. And in Nigeria if you watch closely all the activities from OBJ era to this very moment that are spectacular and important including the VISSION 2020, I had written about them in 1992 and it is only been implemented by various administrations some selfishly, some correctly etc.

16.   INTERNATIONAL FINANCIAL SYNDICATIONS: Another way out of the debt trap was through international financial syndications addressed to bail us out of the debt burden and provide sizable working developmental finance to be judiciously managed in profitable ventures addressed to grow out of the debt trap.

17.   DEBT CARTELIZATION: The issue of debt cartelization is fairly complex, but it became the inner core of the internationalization of our assets and liabilities theory as i blasted and criticized most economic schools of thoughts and analyzed all the various macro economics schools before arriving at this ingenious theory of Debt cartelization through the issuance of discountable coupon vouchers redeemable at a portable date in human history as Nigeria PLC to the tune of 10 trillion dollars , securitized by all our assets and liabilities on a global basis to be marketed aggressively by the same management of the SOVEREGN WEALTH FUND not separately but as Nigerian PLC in all stock exchange markets of the world , giving all citizens of the world  the opportunity to buy  into our assets and liabilities( like the American visa lottery) and would herald the emergence of Nigeria as a New African world super power in all calculation automatically….. in this content I slammed most economists who are suckled by the milk of diminishing returns and when it comes to scarcity and debt management they are found wanting… all they know how to do is to manage and mismanage  assets, not comprehending that even your so called liabilities as in debts is a great asset as well that can be productarized and marketed. This on a secondary stage will give birth to the GOLDEN NAIRA which will be a convertible international currency of the Nigerian federation and spend round the world as a holding currency like the American dollar. And now we have arrive at why CBN Governor Malam Sanusi Lamido wanted to produce N5000 NAIRA NOTES AS I RECOMMENDED IN THE BOOK./But it should be golden international Naira note, maybe equivalent to N5000, but, not to be  mixed with the general circulating local Naira. And before this could be done I recommended that some certain things must be in place.

18.   SANUSI LAMIDO SANUSI, N5000 NOTE VS THE GOLDEN NAIRA CURENCY OF PRINCE FRANK UKONGA THEORIES: In my book I recommended the production of the GOLDEN NAIRA which will be a higher denomination Naira Note that will have all the features of convertibility and will become the new diplomatic and economic policy thrust of the Nigerian Federation as a holding currency just like the American dollar,  as becoming a financial hob will be very impossible without having a convertible currency otherwise we shall end up as mere centre of financial speculation. But then I recommended that certain feature of the economy must be in place otherwise we shall end up with bankruptcy as we shall become a net exporter of capital if not well formulated. And those things needed to be in place before the emergence of N5000 idea of Sanusi Lamido as a super currency are not in place yet. And that was why I kick against the N5000 NOTE PROJECT of CBN. It is premature, ill timed and we have not gotten to that stage as recommended in my book and thesis. We need to guarantee a stable electricity supply 24/7, an enabling environment for business to thrive, our Sovereign Wealth Fund is too frail, our external reserves fragile, our economy monoculture, the real sector is dead, industries and manufacturing is comatosed, redundancies of skilled and unskilled labor, 8000 companies manufacturing companies closed shops and relocated to neighboring Ghana in recent times, we have big problems in virtually all sectors of the economy. So it will be economic suicide to print and circulate N5000 NOTE. It will lead Nigeria to ruins, death and grief.

19.   THE GREAT DESTINY OF PRESIDENT JONATHAN AND THE 7TH REPUBLIC OF THE FEDERAL REPUBLIC OF NIGERIA: History beckons at this administration of President Goodluck Jonathan, as there is a cause waiting for somebody to make a hero out of it. And that is bringing Nigeria back to its long for glories of industrial and economic prosperity, creating an enabling environment for business and life to thrive, generating and distributing electricity 24/7, Marshal nationwide infrastructural development, job creation, generating liquid steel and moving us into a manufacturing category and the most ever favored government that has a strong goodwill in the history of Nigeria is the government of President Jonathan Goodluck and the goodwill is still there for him. He is loved by the majority of Nigerians, the next thing he needs and lacks are good ,honest, intelligent ,lieutenants in the flanks and around him to be committed and dedicated, to do what exactly destiny has in stock for him. His destiny in subsequent creation is to be the Ata Turk (of the Ottoman Turks) of the Nigerian Nation. And if he can move in the right direction he would leave a great indelible mark in Nigerian History and in the affairs of men the world over that would be cherished and remembered from generation to generation till the end of time. I wish the 7th Republic and President Jonathan, Good luck.

20.   LONG LIVE FEDERAL REPUBLIC OF NIGERIA

21.   BY PRINCE FRANK ONAIVI UKONGA- GOVERNORSHIP CANDIDATE EDO 2012 -AUTHOR OF THE BOOK- “THE SEETHING WORLD- REPARATIONS FOR THE BLACK RACE – A FUNCTIONAL APPROACH”-PUBLISHED IN 1992 AND ON THE GOOGLE e-BOOKS-internet.

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Prince Frank Ukonga- Presidential hopful 2015

FRANK UKONGA LECTURE SERIES 1  -ON LEADERSHIP IN AFRICA... POLICY THRUST OF PRINCE FRANK UKONGA TO CARRY EDO STATE AND NIGERIA TO THE PROMISED LAND- SDMP IDEOLOGY AND POLICY THRUST DELIVERED TO THE EDO STATE YOUTH/ STUDENT UNION AT THE YOUTH CENTRE,BENIN= EDO STATE...IN AKPAPAVA STR. JULY 12 2002

 FRANK UKONGA LECTURE SERIES 1...ON LEADERSHIP IN AFRICA...
POLICY THRUST OF PRINCE FRANK UKONGA TO CARRY EDO STATE AND NIGERIA TO THE PROMISED LAND- SDMP IDEOLOGY AND POLICY THRUST DELIVERED TO THE EDO STATE YOUTH/ STUDENT UNION AT THE YOUTH CENTRE EDO STATE...IN AKPAPAVA STR. JULY 12 2002
NEW HOPE FOR EDO STATE IN 2012 ELECTIONS
VOTE PRINCE FRANK ONAIVI UKONGA FOR GOVERNOR
SOCIAL DEMOCRATIC MEGA PARTY
OUR PREROGATIVES:
When we come in to power in Edo State and in Nigeria in Generality our promissory note to the peoples of the state and Nigeria in generality shall be the followings:EDUCATION: FREE AND QUALITATIVE 1]EDUCATION AT ALL LEVELS: Our prerogative at SDMP is to provide free and qualitative Education to all the citizen of Edo state at all levels. This is our number one proirity. We shall immediately established the following institutions to balance the educational development of the geopolitics of Edo state where some LGA are marginalized: In this context we shall establish ;
THE EDO NORTH UNIVERSITY [ IGARRA]-To be named after one of the greatest leaders of Edo state who believe in free and qualitative education for all as garmaine to the entrenchment of democracy in Nigeria and sub- Saharan Africa-Chief Gabiel Onaivi Ukonga.
OBA IREDIAWA UNIVERSITY- BENIN, CHIEF ANTONY ENAHORO UNIVERSITY- UROMI.SCHOOL OF NURSING AND MIDWIFERY IN OSOSO, AGBEDE,AFUZE, ABUDU.
2]JOBS 4 ALL:Our priority number 2 at SDMP is to provide jobs for all the citizens of Edo state when we come to power. We shall begin a massive direct labour employment to reconstruct all the infrastructures of Edo State which will create not less than 2 million jobs… most of the industries we shall attract to the state shall also create jobs.
3]INDUSTRIALIZATION OF EDO STATE; We belief at SDMP- as Social Democrats which is the philosophy of central Left ,that a Modern states should be a mixed economic state. We do not suscribe to the philosophy that state government should keep off from establishing factories and business leaving it only to the private sector that mostly think of their profits and good returns to share holders…we belief that government should establish companies, factories, research institutions, colleges, universities as a means to enhancing the social , economic ad industrial glories of the people… and in this context we promise to establish the following factories within 100 days of our government:
100 cottage industries in each of the 18 local governments Areas of the state.Iron and Steel Rolling Mill at Ibillo,Petroleum Refinery at Benin –City,Motor assembly plant at Auchi,Cement Manufacturing Plant at Igarra,, Tyre manufacturing at Ososo,Asbestos and building material factory at Okpella,Canning and textile company at Agbede,Ceramic and building material  company at Igueben, Cocoa processing factory at Okpe, Paint company at Osomorika,, Confectioneries company at Uneme Nekwa,Cashue processing company at Afuza, Cassava plant at Jatto, Tool Manufacturing rolling mill at Agenebode,New electric power plant at Uromi,Bus assembly plant- Benin,Computer/ electronic factory to manufacture radio sets, television, electronics ,GSM hand sets etc at Okada- Benin,Pulp and paper factory[ mill] at Igarra, Asphalt plant at Afuze, New power plant at Irua,Ojirami,, Igarra,Motocycle assembly plant Agenebode/ Jatto, cable making factory at Ubiaja, Ceramic company at Siloko,uzeba,Truck manufacturing company at Ekpoma, Car manufacturing company at Igarra/Ikpeshi…Plastic manufacturing companies at Atte,epedo, Cocoa processing plant at Lampese,Uromi, ekpoma..Brewery and bottling companies at  Eghor, Warake, Ewu….
Note all these factories has been shared equally among the three senatorial District so that no area will cry marginalization and this will make EDO State the greatest state of Nigeria  and Sub – Saharan Africa…it can be achieve … once there is a will ,there is a way..
4] ECONOMIC/ BANKING/ INSURANCE /FINANCIAL HOB OF NIGERIA & AFRICA:
We at SDMP plan to make Edo state of Nigeria the finacial hob of the country and that of Africa… with the establishment of numerous industries it is just natural that ALL Banks and finacial houses shall begin to relocate thair Nigewrian head offices to Edo state … we will not be the people to beg them but they will come and beg us to be part of our great progress that will be obvious to all and sundry.. it has been done before in Japan, Asian with the emergence of Asian Tigers of Indonesia, India, Korea./.. so ours will not be new…
5]NEW MEGA CAPITAL CITY….For this porpoise we shall construct a new satelite city in Benin to be called the NEW MEGA CITY- Which will be thE plan of the MEGA CITY-2 of Brussels – Belgium… we shall invite the architects that designed the Mega City 2 of Brussels to come and design the New – Benin Mega city- TO BECOME THE FINANCIAL BUSTLING HOB OF THE ENTIRE Africa..
6]AGRICULTURE: Our priority is to form government large farms , big mechanized farms and we shall invite the great farmers of the United States of America to come and help us to feed the entire Nigeria from Benin as well as feed the entire Africa…
7]ELECTRICITY AND POWER GENERATION; Because of our desire for accelerated development we cannot wait on the restrof the Nation of Nigeria to jug up to meting our running pace… so we shall go solo in the aspect of power generation . we need not less than 10,000MW of electricity to power all the factories , farms, and companies, as well as sell power ot other states and countries of Africa…So we shall invite the Russian Government as well as the Ukraine Government to come and establish the power plants in Edo state. It will be a partnership.
8] TRANSPORTATION,commerce and manufacturing:We shall invest directly in transportation; we shall constructs new roads, airports, metros, dams,and other security infrastructures through direct labour.. we shall begin the assembly of Brazilian buses in partnership with Brazil and South Africa. We shall begin the manufacture of cars and trucks in partnership with China, Japan and korea.
9]TOURISM, HOTELS, WOMEN. YOUTH AND CULTURAL DEVELOPMENT: We shall develop tourism, we shall build 5 star hotels in each of the senatorial districts and 3 star hotel in each local government capital while other villages and towns that want to build their own hotel and recreation centres shall be assisted through financial and building material support. We shall give loans to market women and widows. We shall build new mordern market stall , we shall make Edo state the largest distribution centre of good s and services in the country as we are located specifically as the gate way state to all other parts of the country ,we are in the middle of Nigeria and west Africa … we shall construct wharehouses and encourage majour distributors including stockist to come and invest in Edo state
10] SECURITY AND ANTI CORRUPTION: Every body knows that the government of Social Democrats does not tolerate nonsense.. the Government of Gernany is being ruled by the German Social Democratic Party, Same with the Unity Party of Russia is a Social Democratic Party in Government, as well as Brazil, China and Mexico that is why they all came together to form the BRICS State which is the Richest and most exclusive union of Nations in the world with more than 20 trillion dollars in assets as at today… we shall be counting on the support of the BRICS state and we shall apply as an observer status which will open up lots of assistance to Edo Peoples…In the case of anti corruption we shall send to jail any body found looting the tresury of the state.. corruption , indiscipline, laziness, indiscretion, stupidity, lackadaisical attitude to work will not be tolerated.
11]CULTURAL DEVELOPMENT: We shall host FESTAC 2013 inviting everybody and the whole world to Edo state to come and celebrate our success with us..
12]AVIATION;We shall form Edo State Airline which will fly our flag to all the nook and cranny of the world.. we are a State Government and we shall be constructively engaged with othe states and governments within the tenets of true federalism. Our Airline shall be great and compearable to Ethiopian Airlines, American Airline, Russian Airlines, Ghana Airways etc..It shall be managed profitable in partnership with the United States of America and Great Britain.
13]HEALTH FOR ALL: We shall invest heavily in the health industry. We shall provide new mordern hospitals in each Local Government Areas and clinic in all villages and the town in the state. We shall build three Medical teaching universities with specialized medical hospitals like the University of Ibadan Teaching Hospital In Ibadan in each senatorial district of the state.
14]HOUSING: We shall provide houses for all citezen  of Edo state… we shall build new portable and less expensive flats for families.
15]WATER: We shall provide water for all. We shall build new dams and also generate electricity.
16]FOREIGN RELATIONS: Edo state indegines are the most widely traveled in Sub Saharan Africa. So it is imperative that we protect all our citizen all over the world…we shall open commissions and Edo state Embassies all over the world addressed to market the image, goods and services of the great Edo state people on a global magnitude.. we shall open up embassies in Italy, Britain, Germany, Russia, USA.India, china, japan, BRAZIL, GHANA , South Africa, Norway and,Australia..this will attract foreign Direct investment –FDI.
HOW TO RAISE DEVELOPMENTAL FINANCE FOR ALL THESE PROJECTS; We at SDMP have worked seriously and mapped out stratagems of how to raise colossal developmental finance for our projects.. this is a big secret and we shall not tell any body so that the idea will not be stolen.
Vote for free education,vote for jobs for all…vote 4 progress and prosperity..
 vote frank Onaivi Ukonga for Governor Edo 2012 polls.

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