Prince Frank Ukonga lecture 53: The institutionalization of Poverty, Hunger, Penury, scavenging, Homelessness, Terrorism, Corruption, Looting of public and private treasuries, debt burden and its negative impacts of underdevelopment of Africa & Developing countries of Planet Earth-As backlash of Decades of living dangerously--A 21st century panacea with focus on the Nigerian project.



His Excellency Prince Frank Ukonga addressing members of the Press in Benin City Edo state recently

Prince Frank Ukonga lecture 53:  The institutionalization of Poverty, Hunger, Penury, scavenging, Homelessness, Terrorism, Corruption, Looting of public and private treasuries, debt burden and its negative impacts of underdevelopment of Africa & Developing countries of Planet Earth-As backlash of Decades of living dangerously--A 21st century  panacea with focus on the Nigerian project.
 Corruption & Looting: Money set aside for capital and recurrent expenditures are looted away by  some of those entrusted to lead and invest these moneys to develop Africa and developing countries…thereby under developing the people they are supposed to develop to sustainable international standard practice; causing as the direct progenitor of virtually all the problems that plagues Africans and developing countries of the 21st century mankind of subsequent creation as they only helped to chase the white imperialist away and replaced them in the exploitation of Africans and many nations of the developing world which was well orchestrated in the classics of Lev Tolstoy a celebrated Russian classic writer of all times as ”contradictory course of historical development and its catastrophic consequences”…these set of secondary problems caused by some kleptomaniac leadership of the African continent who loot away all the treasuries of African countries ,and the developing world have become embarrassing to all and sundry among homo sapiens of all times leading to the following reactionary backlash :
Debt burden; stagnation, insolvency and illiquidity: After looting away the frail earnings from products of primordial resources of the developing countries exports receipts of basically primary raw materials to feed the factories of the developed world, the developing countries of the world including Africa ends up in the debt club of becoming huge debtors Nations of the  shame’ a simile of “Nevsky Prospect” of the celebrated classics of Alexandra Pushkin- “ Queen of Spades”- Pikavaya Dama- where the personage of Harman  youth to the marrow courted the friendship of Elizaveta  an unsuspecting octogenarian only to steal the secret of the spades, a source to everlasting riches, as a lover to be;  and shakalinsky who was the scoundrel of Neveksy Prospects fleecing unsuspecting Nation of men and women off their earnings and yet here Pushkin in his genius described Shakalinsky and Herman as goods looking, matured, handsome men with good demeanor that you would pass as good men but they are exactly the opposite and that fit the personage of some African thieving leaders and in general the third world; the African media describe these set of leaders as pen robbers=……
Africa and developing countries becoming net exporter of capital;  Africa exports over 60 billion dollars annually from Africa due to debt default, Re schedulement, illiquidity and insolvency : the debt burden was   so endemic in the past 7 decades of the Human race while in the previous century the debt burden captured the majour aspects of public and private discuss of all mankind of that epoch…with debt insolvency, default and illiquidity being the order of the day resulting in debt payment  re schedulement while interest continue to accrue and Africa plus the developing world became net exporter of capital to the developed world- for example, a country like Nigeria that borrowed about 5 billion dollars from several  financial syndicates of the world became indebted to the tune of 50 billion…ie 5000% due to default, and re schedulement…until a succor came during the gulf war when many debts of the developing world were written off by the creditors while Nigeria had to pay 20 billion dollars due to improved earnings from the mono culture petroleum exports…and had a debt forgiveness  …and in the 21 century the debt portfolio of developing countries and African countries is increasing on daily basis and  currently Africa is a net exporter of capital to the tune of 60 billion dollars annually and if   not checked the situation of the upper quartile of the previous century will soon manifest again…as history repeats itself..remember the classic maxim that those who go a borrowing goes a sorrowing…whence there is the urgent need to check corruption and looting of public and private sector treasuries…and also to question borrowing and use loans wisely to implement projects that yields returns…
Miss management and looting of borrowed money, Loan, developmental finance, grants and Assistances to Africa and developing worlds: Few Months ago ,the Debt management Commission of Nigeria came out with a shocking news about the debts of state governments in Nigeria and identified about 9 states that are under heavy debt burden and added that in all these heavily indebted states there is little or nothing on ground to show for these huge state debts. It was published  in one edition of News World Magazine you can go buy it and read it yourself...And that is the real problem where loans, grants, are looted away…the investments for which these loans were taken not implemented or shabbily implemented as the bulk of the loan find its way into private accounts so the case becomes that of double tragedy for the peoples who have to repay the loan looted away and no investments done ;this would lead to default, illiquidity, insolvency and the collapse of many states very soon……the case is pathetic and despicable…a simile of the one improvised by another celebrated classic  writer called Ivan Goncharov.. In his classics”Oblomov” he captured the exact scenario of the African and developing countries of today noting that- the  “situation of stagnation, uselessness, and dead immobility { shiftlessness} of that genre ruin and corrupt peoples who were good by nature” and till today that phenomenon of obtuse rabid and wanton corruption, larceny, squandimania is known in classic circles as “ Oblomov”
Redundancy/Joblessness: voluntary & involuntary, comatose infrastructures and real sector economy, AIDS,EBOLA and poor health delivery system etc: The bulk of African continent have become plagued by this albatross of redundancies of voluntary and involuntary redundancies of skilled and unskilled labour…men and women youth to the marrow roaming the streets of African countries and Latin American countries without jobs nor hope of getting employed in their entire life span…the money that should be used to create factories . industries and opportunities of investment and the investment atmosphere would be looted away or have been looted away , mis managed by the leaders of these countries and their surrogates and hanger on , so the jobs are not just there so stop writing application letters,,, and the developmental finance  from export receipts, plus loans, plus assistances from all over the world are eaten up by some greedy leaders and their cronies leaving the masses of these countries to waste away in poverty, penury, scavenging, hunger, homelessness, endemic diseases, no water, no electricity, no roads, no hospitals, no schools and the peoples are forever destined to waste away in ruins , HIV/AIDS. Malaria, shame and eternal grief and death a simile of the improvisation of Dostoyevsky the celebrated classic writer who  observed “ the contemporary generations of mankind simply waste away their lives not capable of heroic deeds of their ancestor, nor take chances even for the sake of their own happiness-…”….. and also improvised by George Elliot , a celebrated writer of the Elizabethan classic genre thus   in the Weaver of Ravelor- the observations of wandering peculiar men and women who are semblance of a dis- inherited race “…and in this case  Africa was dis -inherited by various acts of commissions and omissions of which their leaders are most responsible…it is pathetic and a shame to the entirety of the human race of subsequent creation to tolerate such occurrences as it is a disgrace to intelligence as well as it corrupts intelligence…and that is why the gods continue to insulate other realms of creation from being contaminated by the wickedness and satanic ways of mankind of subsequent substantiated realms of  creation…
Illiteracy, Education, pseudo intellectualism, mediocrity ,surrogate leadership: After wasting away the post independence goodwill of the Nations of most developing world the leadership out of indiscretion, selfishness and the thirst to perpetuate themselves in power refused to invest in qualitative education of the peoples of many developing world…and today in Africa the illiteracy level still stand high as above 60% of its peoples remain illiterates or semi illiterates and many graduates produced from some of the universities as at today are like illiterates; as some, it has been alleged cannot write their resume nor write application letter for job placement and it is the story of mass failure in many exams where less than 30% passed…a simile of what Turgenev a classic Russian writer of celebrated genre improvised in his Hunters Sketches- Axotnie Zapiss= about young lads “youth to the marrow who stupidly jokes away their lives’ while Lermontov another celebrated classic writer of same genre concluded of his popular personage Pechorin a miserable exploiter that “and we their sorry descendants  wondering the world without any conviction nor pride; we are no longer capable of any sacrifice either for the good of mankind nor for our own happiness….”
Poverty, Hunger,scarveenging,terrorism,penury,shiftellessness,stagnation,urban decay, crimes, homelessness in developing world; backlash of the global  Satanic Production Relations & cooperate greed : The celebrated classic writer Alexander   Herzen captured the situation  of today in Africa and many developing countries in his Memoirs, by noting that the masses have become frightened out of their wits, by the  continuous tyranny of the ruling genre, the pseudo intelligentsias  and liberals languishing in enforced inactivity of shiftlessness; results in the frightening scenario of poverty, hunger, homelessness, want , crimes, terrorism,  penury, and all the vices under- developing,  emerging democracies of today… and the situation will pervade the entire 21 century unless we all change our attitude from passivity to become conscious beings that determines consciousness and awake, to the fundamental Marxist maxim of human ontology as crested in aposteriori knowledge; that by and by human beings determines consciousness as in aposteriori knowledge from whence emanates enterprise and it subsequent various stages of productions from whence comet productions relations. The situation is precipitate of the inalienable truth that the contemporary production relations of most of the developing world countries and even those of the developed world  is moribund  and its consequences is the poverty, redundancies, hopelessness, frustrations, homelessness, hunger , crimes, terrorism, etc….for example in the United states and most parts of the world less than 10% of the population owns more than 80% of the entire wealth while  90% of the population is caged into poverty to live with 20% or less of the wealth of the countries and in the developing world and Africa it is even more acute as less than 5 % owns more than 90% of the entire wealth and millions of peoples are caged within the remaining 10% of the wealth of African countries  and the developing world…in this kind of scenario  of satanic production relations there would certainly be acute hunger, joblessness ,homelessness, poverty, prostitution, grief and death….
Religion strives, civil wars, crimes, drug trafficking, terrorism local and regional conflicts & its negative impacts on the development of sustainable democratic, cultural, economic and infrastructural institutions: when a nation is well governed  there would be less civil strives as novel definitions of conflict resolution would be adaptable to resolving conflicts but when a nation is ill governed many ills like crimes, frauds, arm rubbers, terrorism ,and all sorts of conflicts would germinate mainly because of the fact that peoples becomes frustrated and vices become the order and no more an aberration…whence there is the urgent need  for developing  countries to strengthen their institutions from the democratic institutions to that of judiciary, economic ,real sector, cultural etal so that the institutions would be stronger than individuals this would ease the cases of corruptions, crimes, cooperate greed, etc
A wasted generation?; Nobel Laureate Professor Wole Soyinka summarized  the some miss managed  developing world dilemma as  “a Wasted Generation”: this miss management  Exacerbate  discrimination on global scale, racial intolerance and promote restrictions- After wasting away through mis management of the receipts from exports earnings of these developing countries and the developmental loan for development looted away to private accounts the creditor countries begin to feel unsafe in the in workability of the proffered solution to the problems of developing world ,as the endemic poverty and frustrations of the peoples of developing world begin to wear a tertiary level of mass exodus of the peoples of developing countries to the developed countries in search of greener pastures…the develop countries began to put restrictions on travels of different sorts…for example when Nigeria was rich and well managed in the Gowon Era and the Murtala Mohammed Era most countries of the world allowed Nigerians to travel to their countries without visa and at best the visa would be issued at the point of entry because they are cognizance of the high standard of Nigeria and those two great leaders; but After the death of Murtala Mohammed , all the monies he left in the account wasted away in mundane adventurism and looting , Nigeria began to borrow from all over the world; the developed countries of the world began to demand visa to be issued from their embassies in Nigeria and till today many barriers and restriction are being put forward by developed countries to frustrate peoples from checking out from their miss managed countries to come and become a liability to them and you cannot blame these developed countries for doing that …
Sanitary condom of the imperialist west and other well managed economies of the world: recently the United Kingdom planned a 3000 pounds VISA bond for would be travelers to the UK on some developing countries of the world..if these countries had good well managed economies that is upward mobile, sustainable and well managed institutions they would not place them on VISA bond but rather would welcome then with two warm hands..Why are they not placing VISA bond on India and China that used to be in the category of developing countries a few years ago but have managed their countries so well to the admiration of all men and women and the gods alike..why are they not putting VISA Bond on South Korea and Brazil, South Africa, Indonesia, etc who are also developing worlds that suddenly emerged as Economic tigers of the world with strong well managed institutions..……but if we had managed our country well the white , the Asians, the Americans, the Europeans also would have loved to come and visit us, to come and join hands with us in our countries of developing world , to come and live side by side with us and contribute their quota in the development of developing countries..even some can even come and seek for citizenship of our countries but as it is now nobody even the gods does not take joy in associating with failures, weaklings and scallywags;… the gods only tolerate failure… they are not happy when we fail….it is well spelt out in the bible of the story of the master that gave three of his servants talents when going on a journey…when he came he asked of them what they did with their talents..he took all the talents from the servants that did not use it well and gave it to the one that invested it well…When Saul was made first King of Israel and he failed God, he was rejected by God and God went for David a village Sheppard boy to replace Saul Since then the entire world and the gods identify with David , name their sons after David and his heroic exploits;  I have travelled round the entire world and have not seen any person identify with Saul nor Judas Iscariot, nor name their sons after them………so it is clear, and no argument here that the leadership of most  developing countries have inadvertently wasted away their talents in what our Nobel Laureate of all times, Professor Wole Soyinka summarized as a “Wasted Generation,…”
Prince Frank Onaivi Ukonga- Publisher and President National peoples News, is a Noble prince from the kukuruku provinces, principalities and powers of the Mid West Region of the Nigerian Federation; a pan African intelligentsia speaking over 10 languages of the world; vast in mathematics, structures, engineering, literature, classics, arts, painting, philosophy, political economy, artificial intelligence, dialectics, ancient, medieval and contemporary history and thoughts: believe in Prince Frank Ukonga for he is an acetic noble man of goodwill who want the best of best for all members of the human family of  substantiated realms of subsequent creation. gratitude.

Breaking News : Kaduna LGA Autonomy: The Chairman IPAC Edo state/ South South Region H.E. Prince Frank Ukonga, laud the governor of Kaduna state His Excellency Malam Nasir El Rufai for granting autonomy and independence to all the LGAs of Kaduna state, abolishing the State/ LGA joint account and granting direct access to all LGA chairmen of the state to their funds to enhance grass root social economic development and accountability.

H.E. Prince Frank Ukonga [standing] delivering a lecture  on Federating Units and LGA Autonomy in Benin Recently
Breaking News : Kaduna  LGA  Autonomy: The Chairman IPAC Edo state/ South South Region H.E. Prince Frank Ukonga, laud the governor of Kaduna state His Excellency Malam Nasir El Rufai for granting autonomy and independence to all the LGAs of Kaduna state, abolishing the State/ LGA joint account and granting direct access to all LGA chairmen of the state to their funds as a sin qua non that would be given national interpretation if the Kaduna state LGA Chairmen performs credibly well but if they fail to deliver other state governors would be reluctant to grant autonomy to LGA. Nevertheless we appeal to all governors of Nigeria to replicate this giant stride of Kaduna state. Note President Mohammadu Buhari has 2 weeks ago backed Prince Frank Ukonga’s thesis for autonomy for the LGA, so that dividends of democracy can reach the grass root and to make the LGA chairmen more accountable and committed to quality service delivery to the electorate.
For some time now, there has been a dispute on the question of federating units of the Nigerian federation which His Excellency Prince Frank Ukonga prime moved in his Thesis promoting the autonomy of local governments of Nigeria in the three tiers government structure; where the Local governments has been seeded as the grass root federating units. But the state 36 state governors of Nigeria are ill at ease with this Thesis of Prince Frank Ukonga to recognizing the Local Government as the federating units insisting that the 36 states of the Nigerian federation should form the basis of federating units. Former President Jonathan backed frank Ukonga’s thesis supporting autonomy for the LGAs, and recently in the first outing of President Mohammadu Buhari two weeks ago, the amiable president of Nigeria also backed the thesis of Prince Frank ukonga supporting autonomy of the LGAs. Previously, the impasses was taken to court by the ALGON- The association of all the 774 LGAs of Nigeria, on the advice of Prince Frank Ukonga and the court was clear that the 774 LGAs of Nigeria are federation units and not under the governors. Next the issue was strongly debated by the National Dialogue for several weeks and the National dialogue committee recommended autonomy for the Local governments..Which was a big victory for Prince Frank Ukonga’ convictions, the LGA Chairmen and ALGON. This victory was lauded by the House of Representative of the7 th Republic under His Excellency Tambuwal who was then the speaker of the National Assembly and the House of Representatives passed the bill for autonomy for Local Governments,, But this victory was short lived as the senate of the 7th Republic under Senator David Mark as Senate President decided to side with the governors and stopped the LGA autonomy bill, and independence of the Local Governments in Nigeria.
But just yesterday a resounding victory for the Local Government/ Prince Frank Ukonga thesis came from Kaduna state where the new governor of Kaduna state His Excellency Malam El Rufia made history by granting autonomy to all the Local governments in Kaduna state and abolishing joint state and LGA accounts. This is the first of its kind in the History of Nigeria and Sub Saharan Africa. His Excellency Prince Frank Ukonga offered this remarks yesterday over the giant stride of Malam El Rufia the governor of Kaduna state in granting autonomy and independence to the LGAs “ Malam El Rufia has made history toady by granting autonomy and independence to all the LGA of Kaduna state as first of its kind in Nigeria and sub Saharan Africa. His Excellency El Rufai is perhaps the wisest governor of the Nigerian federation since this new democratic dispensation started in 1999; by granting LGA autonomy under the supervision of the state government, he has asserted the de facto, de jure instance of the state government as the federating units, but making it a win – win game for all. He is wiser than all other governors who are negatively creating new Local governments Areas illegally as means to asserting De facto, de jure supremacy over the LGAs” .[ Note that OBJ stopped the allocations to LGAs of Lagos state for 3 years when the then governor of Lagos state H.E. Bola Tinubu crated 56 LGA out of 20 legal LGA as a strategy to assert de jure, de facto supremacy over LGA of Lagos state} prince frank ukonga concluded by saying that  “it is a fantastic win- win stratagem and we commend His Excellency Malam El Rufia for this giant courageous chess move. He is a future presidential material of the Nigerian federation” .

BRICS 7TH Summit in Russia:His Excellency Prince Frank ukonga on the behalf of all Africans commend the BRICS on the 7th summit of the global organization and offer the following observations:





His Excellency President Jacob Zuma of South Africa arrives Russia for the 7 th BRICS Summit
His Excellency Prince Frank ukonga on the behalf of all Africans commend the BRICS on the 7th summit of the global organization, commend the member states of the BRICS which today is the most exclusive club of progressive Nations on planet earth and offer the following observations. ;

1] we commend His Excellency President Jacob Zuma the Executive President of South Africa representing the African continent in the BRICS and advise him to harp on the bail out of African countries from the debt traps and conditionality of IMF by harping on accelerated African BRICS relations in the context of hooking African countries to the new BRICS World Bank for sourcing developmental finance for African countries with regional representation of the new Development Bank in Africa. As the BRICS has pulled resources together for the take off of the New World Bank to the tune of over 200 billion dollars and estimated capitalization of over 15 trillion dollars by 2020 if well marketed…..This could be achieved with further consultations.

2] The Need for the BRICS to bail out Greece and other European countries particularly the PIGS States from the debt burden to IMF and other capitalist lending syndication.. Russia is strongly advised to expand the CIS- Common wealth of independent states west wards to Western Europe to checkmate EEC. and Russia is strongly advised to invite the PIGS states of Portugal, Italy,, Greece, Spain, Central European countries  and even the Scandinavian into the CIS to be renamed as ECIS- European Commonwealth of Independent States...using the carrot and chocolate strategy and the Horse moves in chess game. there will be no need to discuss more on this, but that is what you need and that is what will re launch your super power status if given global interpretations...remember it is only the Horse moves of chess game not any other moves..

3] To discuss on the new tension in Europe in the context of NATO/ WARSAW PACK and find solutions to easing the tension and the new arms race.

4] Terrorism; it is time the BRICS takes a stand on helping the global village to curb the menace of terrorists

5] Climate; The Human Race is becoming endangered due to climatic degradations caused by Human Factors and the need to take a stand to reverse the situation is imperative

6] Expansion of the BRICS to include more countries as a new platform of G 8, Since the west have high jacked the G7, a new order of G8 is imperative., Russia must be encouraged to continue the G8 by inviting forward looking countries and newly emerging regional powers to join her to continue and reinvent a novae world order that would be second to non in the entire civilization of mankind till the end of time...remember the BRICS should be as it is , no more new members but members of observer status could be allowed,

7]The New World synergy:  Euro Asian economic Community, the East European Economic community, the CIS, should be synergized into a solid polit economic force that would hook up to partner with other emerging economic communities like the SADC, ECOWAS, and the Latin American economic communities..This would thwart future sections into meaninglessness to the emerging global concept of the BRICS, you should expect reactionary backlash from your competitors and detractors..

8]Sino- World Relations: China is Advised to back Russian federation and the BRICS with all her resources, Trust and confidence for in that partnership lies her eternal greatness and not seek unilateral emergence into the super power club. As this may be conter productive and endanger the strength in the unity of the BRICS.

9] Globalization: All these efforts would meander into nothingness if not properly anchored with global interpretations..That is why you need another global Assembly...that would be called the League of Nations. Where other countries of the world would e given the opportunity to share in the successes of the BRICS; Which would be the semi final stage of the entire game plan..And this is imperative..

10] The final stage is that all other previously existing equivalent of the League of Nations like the UNO, IMF, World Bank, UNESCO, UNDP,ETC all of the Breten Wood Heritage would collapse their structures  into the League of Nations around the year 2050.

Furthermore we wish all the important world leaders of the BRICS fruitful deliberations addressed to finding solutions to pressing contemporary world challenges. Goodluck.



IPAC [Inter Party Advisory Council] Edo state hold general meeting of all Chairmen of political parties in Edo state of Nigeria @INEC Headquarters, Benin city: chaired by IPAC Chairman Edo state/ South- South H.E. Prince Frank Ukonga; IPAC Commend the outgoing National chairman of INEC Prof. Atahiru Jega, commend the outgoing Edo state INEC REC Bar Mike Igini and the newly appointed Acting INEC Chairperson Mrs. Zakari.; appeal to the President of Nigeria H.E Mohammadu Buhari, INEC, Senate President H.E. Bukola Saraki, Speaker of National Assembly Hon Yakubu Dogara, and comrade Adams Oshiomhole to support IPAC through adequate Funding. 2016 Governorship polls of Edo: IPAC to hold 3 workshops in the 3 senatorial districts of Edo state and in all the 18 LGA ,to rekindle voters interest in the electoral process and governance of the polity as against the prevailing voters apathy


H.E Prince Frank Ukonga IPAC Chairman Edo state [middle], Mr Pat Eyike INEC Director Edo state and Mr Dav Isokpowhun IPAC Secretary Edo state @ IPAC Meeting in Benin , today @ INEC HQ. B/C

 IPAC [Inter Party Advisory Council] Edo state hold general meeting of all Chairmen of political parties in Edo state of Nigeria @INEC Headquarters, Benin city: chaired by IPAC Chairman Edo state/ South- South H.E. Prince Frank Ukonga; IPAC  Commend the outgoing National chairman of INEC Prof. Atahiru Jega, commend the outgoing Edo state INEC REC Bar Mike Igini and the newly appointed Acting INEC Chairperson Mrs. Zakari.; appeal to the President of Nigeria H.E Mohammadu Buhari, INEC, Senate President H.E. Bukola Saraki, Speaker of National Assembly Hon Yakubu Dogara, and comrade Adams Oshiomhole  to support IPAC through adequate Funding. 2016 Governorship polls of Edo: IPAC to hold 3 workshops in the 3 senatorial districts of Edo state and in all the 18 LGA ,to rekindle voters interest in the electoral process and governance of the polity as against the prevailing voters apathy due to emerging  idiosyncrasies of voters’ fatigues caused by acts of commissions and omissions .
This day the 2ed of July 2015, IPAC [Inter Party Advisory Council] – a council of all chairmen of political parties -Edo state chapter- established by the federal government of Nigeria in partnership with IRI- International Republican Institute, the UNDP, Canada , IFES and other democratic institutions of the world addressed to midwife the nescient democratic dispensations in emerging democracies of the world to sustainability etc held its general meeting at the INEC Headquarters Benin City Today ; chaired by the state chairman of IPAC His Excellency Prince Frank Ukonga and attended by almost all the political parties in the state.
In his Key Note address to all the chairmen of political parties in Edo state of Nigeria , His Excellency Prince Frank Ukonga commended all the Chairmen and Chairpersons of political Parties in Edo state, the South -South Region  and the Nigerian federation for their cooperation , dexterity, maturity in the 2015 general polls as the success was achieved by the chequered culture and determination of all the Chairmen of Political Parties addressed to anchor genuine democratic dispensation in Nigeria and sub Saharan Africa. His Excellency Prince Frank Ukonga thanked the peoples of Edo state for coming out to vote peacefully and thanked the peop
les of South -South Region in particular and the peoples of Nigeria in generality for the success of the 2015 general elections and admonished all the winners to dedicate themselves to quality service delivery to the electorate. Prince Ukonga also thanked the outgoing National Chairman of INEC Prof. Atahiru Jega and all the staffs of INEC Nationwide ,thanked the outgoing Edo state INEC REC Bar Mike Igini for their remarkable commitments to quality contributions to the development and entrenchment of genuine democratic dispensations in Nigeria  ,as a sin qua non of emerging democracies of the world.
Hs Excellency Prince Frank Ukonga used the opportunity to congratulate the President of the Nigerian federation His Excellency Mohammadu Buhari, the Senate President of Nigeria, H.E Bukola Saraki, the Speaker House of Representatives of the Nigerian federation Hon. Yakubu Dogara advising them to dedicate quality time to service delivery of dividends of democracy to the proletariats of the Nigerian federation and called for support for IPAC through adequate funding.
Lastly IPAC Edo state after many hours of deliberations on the questions of voters’ apathy toward the Edo 2016 governorship polls decided to organize workshops in three senatorial districts of Edo state and in the 18 LGAs of the state, addressed to rekindle voters interest in the electoral and governing process of the polity and  appeal for cooperation and support from the governor of Edo state His Excellency Comrade Adams Oshiomhole , the people of Edo state of Nigeria, the federal Government , INEC, UNDP and others.
Long Live Edo state, Long Live Federal Republic of Nigeria.
Sign: H.E. Prince Frank Ukonga
IPAC Chairman Edo State / South South Region of Nigeria

Frank Ukonga Lecture 52: The imperatives of rolling up sleeves and work to rebuilding & Re-branding the Nigerian State: A functional Approach: by His Excellency Prince Frank Ukonga, the President of National Peoples News group;@ 2015



 Frank Ukonga Lecture 52: The imperatives of rolling up sleeves and work to rebuilding & Re-branding the Nigerian State: A functional Approach: by His Excellency Prince Frank Ukonga, the President of National Peoples News group;@ 2015 

The 2015 general elections has come and gone with remarkable results of a historical paradigm shift of power for the first time to an opposition party in the Nigeria federation and it is praise worthy to applaud the winners and the losers for the maturity and democratic culture of peaceful transition of power.
The people’s votes counted in one of the most competitive polls of sub Saharan Africa who voted clearly for  ” change” based on issue oriented manifesto and promises from the winners; where the hopes of the peoples were seduced very high in expectations of the delivery of the dividends of democracy and above all of the promises of greatness made by the winners; which should translate to the delivery of quality services, novae opportunities and advancement of the peoples of the Nigerian state. At this juncture it would be pertinent to espouse on a number of crucial premises where the proletariat of the Nigeria state are eagerly expecting rapid changes in order of priority addressed to lift the Nigerian state to sustainable economic, industrial and agricultural prosperity in a short distance of history yonder…
Diversification of the mono cultured economy of crude Oil exports: The global down turn of the prices of crude oil in recent times need be given critical analysis to ascertain the causes and the future prospects of oil export base economy with a view to urgently kick start a realistic program of diversification of the Nigerian economy if Nigeria is to remain relevant as the economic giant of Africa whose GDP is estimated to a little over one trillion dollars by 2020; largely due to the re-basing of the Nigerian economy on the economic indicators of service industry including music, Nollywood film production etal which in real terms are a deviation from the international standard practice of certification based on post modern economic  indicators of the Real Sector of the economy, the overall power generation capacity of Nation and its consumption per head, GNP/ Head, pulp and paper consumption per head, the stock exchange, the amount of liquid steel per head; the level of redundancies, capacity utilization of install industries, contribution of the real sector and agric sectors to the economy etal…if the re-basing of the Nigerian economy were based on any of the aforementioned economic indicators  the result would certainly be different. Whence there is the urgent need to diversify the economy to areas of comparative economic advantage.
Nigeria as Rental state vs Tax State; Focus on IGR: Imperatives of constitutional enabling Acts: The Imperatives of constitution provision & Review:  Nigeria is classified as a Nation in the category of Rental state that makes the bulk of its earning from export receipts of crude oil and gas into the international market. These earnings is used to fund the capital, recurrent and social spending expenditures through statutory budgetary allocations monthly and annually… though attempts are made by the government to collect taxes through the various tax / Inland Revenue generation departments and by various states and local governments of Nigeria there is an urgent need of a constitutional discuss of national scale on these vexing issues to once and for all transform Nigeria from a Rental state to a Taxed state or perhaps invent a functional synergy of both .. In most states peoples pay levies, taxes to lga, state govt and to federal government without really knowing who should collect what, and what amount should be collected from peoples, companies and enterprises..it is a jungle out there in  the context of tax regimes in the states level…double taxation, Arbitrariness and lack luster approach to this aspect of crucial internal revenue generation to the three tier of govt in the country is part of the problems of the inability of states/ LGA to meeting up its financial obligations to the electorate in the context of financing their budgets .Whence there is the urgent need of a white paper from the various Houses of Assemblies in collaboration with  the National Assembly on this crucial aspect of revenue generation and its synergy into the entropy of state/ LGA management.
Mobilization of  Developmental Finance: The two major stratagems of mobilizing developmental  finance the world over is either one use her  own money through mobilization of excess liquidity in the economy or the second option of using other peoples’ money via borrowing; but remember the classical maxim that those who go a borrowing, goes a sorrowing:
Mobilization of excess liquidity in the economy: The financial sector of the economy could play a vital pivotal role in the mobilization of excess liquidity in the economy with a focus on supplying the urgently needed developmental finance in Nigeria and most emerging democracies of the world.
Mobilization of developmental finance through Banking consolidation: The Nigeria Experience; A critique of Soludonomics: Banking consolidation of economy is done the world over not only to restore confidence in Banks and to manage distress, illiquidity, insolvency and collapse of banks and financial institutions but also as a fulcrum to develop & mobilizing the resources in urban and rural areas into bankable products through Research and development, research and innovations; Which pulls all the national resources together continuously in the pursuit of provision of highly needed developmental finacees for lga, state, federal government, institutions, industries and the private sector. But unfortunately the Nigerian Banking consolidation of Professor Sochukuma Soludo , a former governor of the Central Bank of Nigeria was dysfunctional as it lacked the necessity and sufficiency premises of adequately mobilizing developmental finances for various segments of the polity…and no sooner after the banking consolidation of the previous decade of mundane recklessness in Nigeria the consolidated funds vanished through director related borrowings…and the problems is still with that industry till today…HRH Sanusi Lamido also a former governor of the CBN, came to the rescue as in  the emergence of Eco Bank takeover of Oceanic Bank, emergence of Street Bank, Keystone Bank etc…  the Universal Banking concept immediately pushed aside the secondary and primary banking institutions of mortgage banks./ community Banking concept that became atrophied as they could not compete with the universal Banks which necessitated the creation of Micro Finance Banks that also was dead on arrival because of several reasons which made it unworkable as a supportive auxiliary to the universal banking ethics…. The African finance corp. and the African Monetary Fund concepts of Soludonomics  that led to seeding Lagos as a Banking and financial Hob for the sub region and the African continent became only  a hob of speculation and peddling hob of other peoples financial products due to defaults in the fundamental reason de entree of the entire scheme. Even the rebasing of the Nigeria’s GNP/ Head from 250 dollar to an astronomical level of 1200 dollars/Head by Soludonomics , though acceptable for National pride sake but puzzling to esoteric minds… For the banking institution In Nigerian to adequately mobilize developmental finance for the nation there is the urgent need to overhaul and re invent it in the Schumpeterian sensibilities.
Capital Market: The stock Exchange needs to be overhauled and new marketable products to be invented and marketed aggressively to grow the Nigerian capital market into a world class market. Investors could be protected through a national insurance scheme if possible. This would generate new source of capital.
Accessing Developmental Finance from external, formal and private capital syndication: This simply translate in most cases to going a borrowing and going a sorrowing… The experience of the debt burden of the previous 20th century where the third world were owing over 500 billion dollars to its western creditors was a great lesson that cannot be swept under the carpet. It became so bad that countries had to borrow to reschedule dept further compounding the situation. Virtually all countries caught up with the debt trap of that era of living dangerously became net exporter of capital…and till today Africa is  caged in that bondage of being a net exporter of capital annually to the tune of over 600 billion dollars… The favorable receipts of oil exports in the OBJ era came to the rescue of Nigeria where we paid close to 20 billion dollars for questionable debts of mundane era of sqandemania and the investment were not there to show for the money borrowed. A bad case. For now the external debt portfolio of Nigeria is within acceptable manageable scope but if we must go a borrowing again, we must be twice shy…as it is said once bitten twice shy…
FDI, Infrastructural developmental finance vs Industrial developmental finance: focus on external sourcing: I often warned several countries of emerging democracies including the Nigeria state on the dangers of going a borrowing for infrastructural developmental which usually leads to dept trap and debt burden through illiquidity and insolvency.. it would be dialectical if external loans are accessed for industrial and agricultural investments, It would be ideal if external capital is accessed to develop the generation and distribution of electricity and the iron and steel sector, it would be seen as dialectically rectitude if external fund is used to develop the real sector economy but to borrow for infrastructural development of roads , schools, bridges etal , to borrow to fund recurrent expenditures and social spending of the budget which cannot bring back the money is to commit economic suicide …it is a stratagem of self destruct…otherwise the options of encouraging FDI- Foreign Direct Investment, equity financing, joint venture projects, PPP, etal.. Could be seen as appropriate and harnessed as credible alternatives.
The Real sector economy: Power, steel, Petro chemical and small and Medium Scale Industries: The aforementioned aspects of the economy need radical transformation if we must develop to substantial standard that can anchor the nascent democratic dispensation in Nigeria and in most emerging democracies of the world. Electricity is the backbone of all modern civilization of the contemporary world and the more you can generate and distribute the required level for industrialization the more other problems like voluntary and involuntary redundancies are solved. In the case of the take off of the petro chemical boom of the Nigerian federation it is imperative that all forms of subsidies in that sector be removed otherwise it would not give room to proper harnessing  by the private sector to grow Nigeria out of the woods. In this case the low prices of crude oil and gas would become a blessing for the Nigerian state if we remove all subsidies from that sector. And this would encourage Nigeria to stop exporting its crude oil and gas but export refined petroleum products all over the world. Most advance economies of the world thrives on the plentiful of Small and Medium scale industries…in particular the United States and the German Economies that are doing very well. Nigeria could borrow a leaf from this and encourage the establishment of small and medium scale industries in the plentiful as well; this would create a stable middle class cadre on which the nascent democratic experience can be crested for sustainability.
Redundancies: Voluntary and Involuntary & the vulnerable: Most governments of emerging democracies employ less than 4 % of their citizen directly in the civil service and other parestatals, remaining a huge labor force of above 95%. The private sector cannot absorb all of them so above 60 % work force is unemployed and redundant. This is a huge waste to emerging democracies who has a favorable demography of large army of youth that if gainfully engaged could become the back bone of greatness for these nations. So it is advised that Nigeria look inward seriously to gainfully engage the large army of youth that are currently redundant in the country through various schemes already mentioned above.
Terrorism, kidnapping, robberies, corruption, indiscipline & delinquencies: No nation can develop in the midst of terrorists, corruption, kidnapping, delinquencies and indiscipline. So Nigeria need to intensify it resolve to confront these security challenges addressed to create a peaceful, disciplined, law abiding and congenial atmosphere for business to thrive.



His Excellency Prince Frank Ukonga Wish all fathers out there Happy Father's Day.

H.E Prince Frank Ukonga
His Excellency Prince Frank Ukonga Wish all fathers out there Happy Father's Day.