There has been much talk in Nigeria among bourgeois economists on how to “save the Naira” the country’s currency. Here a Nigerian Marxist explains how none of the policies advocated by these “experts” can work. Only by taking over the banks and the commanding heights of the economy can real control be established over monetary policy.

There is much talk of electoral reform in Nigeria, but even if a genuinely democratic procedure were put in place the workers would still be faced with a choice between parties that stand more or less for the same bourgeois interests. What is required is a party of labour. The Labour Party exists but is run by bourgeois gangsters that have hijacked it. The task is to boot these out and place the party in the hands of the workers.

Adams Oshiomhole was last year declared the rightful winner of the gubernatorial elections in Edo state. He is a very popular figure, having been for years the general secretary of the NLC (Nigerian Labour Congress). But instead of standing for Labour he stood on a bourgeois ticket. Many hopes were placed in him, but what has he achieved so far in the state he now governs?

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