The African Peer Review Mechanism (APRM) has rated the President Goodluck Jonathan administration below average. APRM, a mutually agreed instrument voluntarily acceded to by the member states of the African Union (AU) as a self-monitoring mechanism, noted that the 2011-2015 development plan initiated by the administration of Jonathan had failed to improve the nation’s economy and the well-being of Nigerians.
“While the plan looked good on paper, it has not succeeded in producing significant improvement. Indeed, corruption has worsened over the past five years,” the APRM said in a statement in Abuja.
The five-year development plan specifically focused on three key areas: Strong, inclusive and non-inflationary growth; Employment generation and poverty alleviation, and Value re-orientation of the citizenry. But the APRM says the plan failed.
Founded in 2003, the mandate of the APRM is to encourage conformity in regard to political, economic and corporate governance values, codes and standards, among African countries and the objectives in socio-economic development within the New Partnership for Africa’s Development.
According to Vanguard, a statement jointly signed by its Chairman, National Steering Committee of the Second Peer Review of Nigeria, Senator Ken Nnamani and Senior Fellow, Centre for Democracy and Development, Dr. Jibrin Ibrahim, the APRM described the country as “having a paradox of extreme riches as well as mass poverty.”
It note that the country’s over-reliance on its rich oil resource base has had an adverse effect on its economy. It noted that the development had resulted in the neglect of other sectors, leading to high levels of corruption, poverty, high unemployment rates, poor infrastructure, low growth rates, and widespread insecurity and crime.