Military era

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Military era

Post  kosovohp on Mon Nov 29, 2010 12:11 am

During the oil boom of the 1970s, Nigeria joined OPEC and billions of dollars generated by production in the oil-rich Niger Delta flowed into the coffers of the Nigerian state. However, increasing corruption and graft at all levels of government squandered most of these earnings.[citation needed] The northern military clique benefited immensely from the oil boom to the detriment of the Nigerian people and economy. As oil revenues fuelled the rise of federal subventions to states and precariously to individuals, the Federal Government soon became the centre of political struggle and the centre became the threshold of power in the country. As oil production and revenue rose, the Nigerian government created a dangerous situation as it became increasingly dependent on oil revenues and the international commodity markets for budgetary and economic concerns eschewing economic stability. That spelled doom to federalism in Nigeria.[29]

Beginning in 1979, Nigerians participated in a brief return to democracy when Obasanjo transferred power to the civilian regime of Shehu Shagari. The Shagari government was viewed as corrupt and incompetent by virtually all sectors of Nigerian society, so when the regime was overthrown by the military coup of Mohammadu Buhari shortly after the regime's fraudulent re-election in 1984, it was generally viewed as a positive development by most of the population.[30] Buhari promised major reforms but his government fared little better than its predecessor, and his regime was overthrown by yet another military coup in 1985.[31]

The new head of state, Ibrahim Babangida, promptly declared himself President and Commander in chief of the Armed Forces and the ruling Supreme Military Council and also set 1990 as the official deadline for a return to democratic governance. Babangida's tenure was marked by a flurry of political activity: he instituted the International Monetary Fund's Structural Adjustment Program (SAP) to aid in the repayment of the country's crushing international debt, which most federal revenue was dedicated to servicing. He also inflamed religious tensions in the nation and particularly the south by enrolling Nigeria in the Organization of the Islamic Conference

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