Papers by Dr. Iroro S . Izu
Journal of Political Discourse, 2024
In modern times, the role banks play in galvanizing economic development is central to the overal... more In modern times, the role banks play in galvanizing economic development is central to the overall wellbeing of nations across the world. This is so because through these banks necessary funds are stored, multiplied and mobilized for investment and re-investment. The implication of this position is that when banks fail, the economy is most likely to fail, or at any rate gravely threatened, and when this happens, citizens' and depositors' confidence wanes. When some major banks failed in Nigeria under the Olusegun Obasanjo administration and the concomitant tragedy it unleashed on the economy, it became a matter of national emergency to forestall future re-occurrence. Therefore, a holistic reform of the banking sub-sector was embarked upon, which primarily saw to the raising of bank capitalization from 2 to 25 billion naira. The thrust of this research then was to ascertain the extent this recapitalization has positively created requisite ambience for economic stability and progress in Nigeria after 20 years of its implementation. Using secondary data-collection instruments, the research revealed that the history of bank failure has been the history of economic failure in Nigeria. Also, the banking sector reform could best be described as a rescue mission embarked upon by the Federal Government. It was for this reason that the study recommended that since recapitalization is good for the Nigerian banking sector, the country should maintain and review the capitalization upward from time to time in order to sustain the tempo of the revival and stability in the banking sector so as to guarantee economic stability at all times.
Conference paper , 2017
The phenomenon of displacement continues to elicit real momentum and global attention especially ... more The phenomenon of displacement continues to elicit real momentum and global attention especially as a result of increased terrorist activities happening in virtually all continents of the world. From the Americas to Asia, from Europe to Africa, terrorism has since taken firm foothold in several nations, challenging their sovereignties, ossifying development possibilities, straining social relations and stampeding citizens' existentialism. In the case of Nigeria, Boko Haram terrorism or Boko Haramism has led to the displacement of families, communities, whole local government areas, a situation which has naturally created a deluge of internally displaced persons (IDPs), forced migrants and refugees with some victims suffering multiple displacements within a very short period of time. Adopting the Eastonian Systems Theory and the Descriptive Analysis as its Methodology, the study showed the causes and costs of Boko Haramism purely from the point of view of development ossification-unveiling that this negative trend has led to loss of economic manpower, resources; destruction and degradation of viable structures, forcing the Nigerian State to divert funds meant for development to rescuing, rehabilitating and reintegrating displaced persons-and so-called repentant terrorists. The study concluded by asserting that Boko Haram-instigated displacement has inevitably negated development in the Northeast region. It thus recommended that while the Nigerian State find lasting solution to the intractable 'curse' of Boko Haramism in the Northeast, it cautions that the proposed North East Development Commission (NEDC) should be properly managed so that it will not turn out like the NDDC which has hitherto been unable to effect any meaningful development in the Niger Delta, hence the continued spate of militancy in that region.
Lapai International Journal of Management and Social Sciences, 2011
The history of the Niger Delta has been the history of pains and gains; it has been the history o... more The history of the Niger Delta has been the history of pains and gains; it has been the history of dispossession and contention specifically necessitated by the quest for crude oil hegemony. This chequered history has been characterised by rape, plunder, militarization, and exclusion of one set of people by another, a situation which is carefully midwifed by the activities of some vampire oil multinationals whose ownership and control are largely alien. A significant fallout of this situation has been militancy or armed insurgency spearheaded by the local people themselves essentially aimed at liberating their environment from the pillaging practices of these MNCs, practices which are fully given legitimation by certain laws of the Nigerian state. The socioeconomic cost of this militant uprising in the Niger Delta is better measured by the losses incurred in the number of oil barrels produced per production period; in the number of oil workers kidnapped or people kidnapped for oil-related reasons, and in the number of oil platforms which have been disrupted either by outright bombings or bizarre dimensions of sporadic shootings. As a result of this development the Federal Government has issued an amnesty offer to the militants. It is in the light of this development that this research work seeks to do a study of the causes (as well as the effects) of militant armed struggle in the Niger Delta with a view to understanding whether or not the Federal Government's amnesty programmes have the strength of serving as a permanent solution to the Niger Delta question or could just act as a mere interval of inaction. In this regard, the work shall inquire into whether or not the militant conquest could still in the future rear its head again, in what dimensions and how. The researchers shall rely largely on various committees' reports on the Niger Delta challenge, as well as on interviews with some expert bodies and local persons. But, first, it raises the question: who should be granted amnesty offer, and by whom?
Bingham University Journal of Political Studies, 2012
Democracy being the government of the people, by the people and for the people, can only be enthr... more Democracy being the government of the people, by the people and for the people, can only be enthroned and consolidated in any political clime by the consent of the politically active majority via credible general elections and accountable leadership. The consent of the people therefore forms the potent force that determines the arrival and longevity of democracy, and this consent only comes alive when the platform to express this is viably created and maintained by the body or bodies officially accorded this responsibility. In the above light, elections constitute the platform by which the people establish and express their consent, and the Independent National Electoral Commission (INEC) operating within the ambit of the Electoral Act and Nigerian Constitution, represents the body officially entrusted with the responsibility of handling election matters in the country. It then follows that when elections which form the said platform are married or flawed, or when the universe of the electoral process and everything therein is such that disallows or debars the people from voluntarily, consciously and acceptably giving their electoral mandate to the persons they so desire, the roots of democracy become blurred and blighted. When this happens, the consolidation or sustenance of democracy becomes uncertain and unrealizable-for it could not be said that democracy had been enthroned let alone consolidated. The enthronement of democracy necessarily precedes its consolidation. It is upon this note, and in a bid to entrenching a culture of credible elections ala democracy in Nigeria that these researchers attempted to re-visit the core recommendations of the Electoral Reform Committee(2008) vis-à-vis the 2010 Electoral Act so as to situating the missing link especially in the face of the disaffections and uncertainties which trailed the 2011 general election results.
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Papers by Dr. Iroro S . Izu