NATIONAL order and constitutional reform: Nigeria is in utter chaos and disorder. This greatly affects the nation. The disease of disorder has eaten deep into our national fabric. The absence of order has badly damaged the national psyche.
Love of country is absent. It is suggested that your government works out a framework to reverse disorder and instil discipline. The issue of national order is closely linked with a new constitutional order. It is strongly recommended that priority should be given to the national question and resolved urgently. The nation will not settle or move forward without solving the issue of disorder.
A new anti-corruption framework: Corruption is endemic in Nigeria and to reverse it requires strong new institutions. There has to be roots and branch reform of the anti-corruption agencies if we must succeed in slowing down corruption before even thinking of reversing it. Salaries and emoluments voted to our legislators by themselves is about 25 per cent of our national budget. This is unconstitutional because it is not approved by the Revenue Fiscal and Mobilization Commission. Stopping this outrageous conduct on the part of the legislators is, with respect the litmus test in assessing the sincerity of the anti corruption agenda. It is strongly recommended that the NNPC be fundamentally reformed.
Corruption is also manifest in over bloated budgets for the presidential villa and government houses, corrupt/weak public procurement procedures and abuse of discretion of ministers in the award of contracts. All these have taken a major toll on our resources and encouraged corruption. The first crucial challenge is for you to stop these aspects of corrupt practices and introduce major spending cuts.
Economic matters:

The priority must be to diversify the economy and make it less dependent on imports. Nigeria has long depended on crude oil as if it is the only hydrocarbon to the utter neglect of gas. The economy heavily relies on oil revenue and is vulnerable to price shocks in oil and the associated risk to national stability. The most recent volatility in oil prices suggest that we must start to diversify our revenue income streams by developing non-oil tradable sectors.
A clear strategy, model and plan for economic diversification both horizontally and vertically is necessary. Horizontal diversification should explore new opportunities in the same oil and gas sector. There are at least thirty-six value added products to be explored in the extraction of crude oil. Vertical diversification means a shift from the oil and gas sector to other sectors, agriculture, services, maritime, aviation/space, manufacturing, health, sports etc. Pursuing economic diversification will make the economy less vulnerable to the boom and bust cycles of oil and natural gas prices. A model we can follow is the United Arab Emirate that has successfully diverted out of oil into new revenue sources.
Financial services sector: The Financial Services Sector (FSS) is the oxygen and life blood of a strong economy but it has to be supported by strong independent institutions. We have weak institutions in the FSS. This has made the economy weak; a new strong FSS is sine qua non for growth and development. A strong FSS enables banks to provide credit not just to a few but to all Nigerians. Nigerian banks are mostly money lenders and traders.

Money lenders and traders
Banking regulators have failed to supervise them. As a result the economy is starved of badly needed credit. The proper role of banks is to lend money to the well over 100 million potential Nigerian customers. Now only the privileged few get bank credit. If Regulation forces banks to lend as banks and not just money lenders that they...

For more gist...>>>http://expressng.com/2015/04/letter-to-buhari-why-nigeria-deserves-a-new-deal-by-olisa-agbakoba/

The condition of Nigeria became worst under GEJ. But we see a silver lining in GMB.

Mr. Olisa who are you & what have you as a Nigerian done to move this country forward. Its time as a nation we stop this blame game & forming over righteous. Lets be more doing & less talking unless after 4 years, we'ill be having more Mr. Olisa's writing letters still.
Anyway, its in the best interest of this country to reduce the salaries of our legislators by 25%, no one should earn that much just by sitting,talking & fighting.
Our economy should be declared as a state of emergency & until that is done; theres no going forward. I can't overemphasize the need for horizontal diverstification in oil just as America did and vertical diverstification to agric, technology, cloud computing, space etc.
The banks should not be blamed. There are just following the model and trend of the economy. We need more venture capitalist, angel investors, seed and crowd funders so as to reduce reliance on commercial banks.
If these can be done, there will be a great Nigeria to bequeath to our children.

eyenibibio:
Mr. Olisa who are you & what have you as a Nigerian done to move this country forward.

You must be really young

Senile Buhari has no economic plan. The senile grandpa is already confused before assuming office.

The crux of his article is for the government to be restructured. We are plodding on a very weak foundation.