Author: The Nation

  • On President Tinubu’s Democracy Day speech

    On President Tinubu’s Democracy Day speech

    Sir : The Centre for Social Justice (CSJ) welcomes President Bola Tinubu’s Democracy Day speech. While we appreciate the acknowledgment of the hardship faced by the Nigerian people, the speech failed to provide solutions to the most pressing issues facing Nigerians, such as the rising cost of living, the widespread insecurity, and the lack of basic infrastructure.

    President Tinubu’s request for ordinary Nigerians to sacrifice a little more for the survival of our country was not matched with unequivocal sacrifices to be made by the political and economic leadership of the country. The present scenario where only the poorest of the poor and some segments of the middle class are asked to deepen sacrifice whilst the political class continues on the path of self-indulgence is not the way forward for economic regeneration.

    President Tinubu highlighted the removal of fuel subsidy as a necessary step to free up resources for collective use, which had previously been pocketed by a privileged few. While we understand the intention behind this decision, it is crucial to emphasise that the burden of sacrifice should be shared by all, including the leadership. Furthermore, concrete steps must be taken to ensure that the sacrifices made by the people are not in vain.

    Read Also: Petrol subsidy removal: N21.8tr budget execution, revenues to rally

    We recognise the president’s promise to invest in transportation infrastructure, education, regular power supply, healthcare, and other public utilities to improve the quality of lives. However, we stress the importance of translating these promises into actionable plans with clear timelines and effective implementation strategies. Nigerians need more than just assurances; they require tangible solutions that will alleviate their current suffering and provide them with hope for a brighter future.

    We call on President Tinubu and his administration to engage in open dialogue with civil society organizations, trade unions, and other stakeholders to develop comprehensive and inclusive policies that prioritize the needs of the Nigerian people.

    Leadership should be by transparent examples where the followers see the leaders in the front line of sacrifice and contributions to economic growth and development. 

    • Eze Onyekpere & Victor Okeke, CSJ Abuja.
  • Bottomless pit

    Bottomless pit

    • We support law makers’ call for forensic audit of refineries’ turn-around maintenance

    The rehabilitation programmes of the Port Harcourt, Warri and Kaduna refineries and petrochemical companies, starting from 2010 to date, have turned from a tragedy to a farce. According to the House of Representatives Ad-hoc Committee on the State of Refineries and the Need to Ascertain the Actual Daily Consumption of Premium Motor Spirit (PMS) in Nigeria, the country has spent the humongous sum of N11.35 trillion in 13 years, on rehabilitation, yet the refineries are not working.

    The House therefore called for a forensic audit of all the rehabilitation projects carried out, noting several omissions in the submissions of the Nigerian National Petroleum Company Limited (NNPCL). The 9th House of Representatives made the call in its final days while considering and adopting the recommendations of the report submitted by the ad-hoc committee. The committee report indicated that the refineries became unproductive since 2010 and the nation had spent the sum of N5.9 trillion on subsidy payments from 2010 to 2020.

    President Olusegun Obasanjo’s administration had before handing over in 2007, sold 51 per cent of the equity stake in two of the refineries to a consortium of investors led by Alhaji Aliko Dangote for $750 million. The sale was however reversed by President Umaru Yar’Adua and the money refunded. According to former President Obasanjo, late President Yar’Adua claimed he reversed the sale under pressure and later regretted his action. Whether or not he did, the nation has paid a huge price for the ill-advised reversal.

    Read Also: I never criticised Buhari for not making refineries functional, says Sule

    So, the government of President Bola Ahmed Tinubu must gird its loin not to make the mistakes of the past that led the nation to wasteful pathways. Considering the age of the refineries and their present state, the Federal Government should make an informed economic decision whether to retain and rehabilitate the refineries or sell majority stake in them at the best market value. Our wish is that majority stake be sold so as to attract the much needed private capital to rehabilitate them.

    Ironically, the same Federal Government that cancelled the sale to the consortium led by Dangote has been celebrating the newly built Dangote Refinery which is reputed as the largest single train refinery in the world. With a 20 per cent stake in the refinery, the nation hopes it would address the monumental tragedy that dependency on importation of petroleum products has wreaked on the country. We hope the emergence of Dangote Refinery would help reverse our nation’s fortune.

    Importantly also, the nation needs more refineries to engender competition. An increase in refineries could lead to earning of foreign exchange from the exportation of refined products. We look forward to the startup of the several modular refineries for which licenses were issued to investors since the regime of President Goodluck Jonathan. At least, as at 2019, over 43 licenses were issued for small, medium and large scale refineries, and about 10 of them given the go-ahead to build and operate.

    We urge the Tinubu administration to push for the establishment of more refineries. Clearly, there can never be too many refineries in the country, considering the advantage of refining products before exportation. The upcoming Dangote Refinery is reputed to have capacity to generate over a 100,000 jobs, with other benefits to the economy. If more refineries are built, the cost of petroleum products would likely decrease and the masses would benefit.

    Meanwhile, we support a forensic auditing of the resources expended on the several turn-around maintenance over the years that yielded nothing. Sadly, despite the humongous expenses, the country still relies on imported petroleum products. The Tinubu administration should make Nigeria a net exporter of refined petroleum products.

  • On a mission to create jobs

    On a mission to create jobs

    The co-founder, RootHub, a Google-certified trainer in digital skill acquisition, Tony Onuk, has intensified efforts to produce skilled professionals adept at handling digital tools, DANIEL ESSIET reports

    Emerging technologies that may have a huge impact on economic growth abound in Nigeria.

    Against this backdrop,  the co-founder, RootHub, a Google-certified trainer, Tony Onuk, is upskilling youths and organisations in the use of some emerging technologies which have the capacity to create jobs.

    In the Southsouth, where he operates, there is a huge opening for entrepreneurial ventures and deployment of such skills.  

    Within the region, there are many young players who have launched small enterprises in auto, manufacturing, healthcare, education and other sectors with the skills they acquired in emerging technologies.

    Read Also: Commission to create jobs for 7,000 youths

    Following this, there are vacancies for youths specialising in fintech, e-commerce, supply chain logistics, internet and software services and ed-tech in Akwa Ibom, Cross River and Rivers states.

    A key player in the startup sector, Onuk has made progress on his mission to ensure that lack of skilled manpower is not a challenge for Nigeria to reap the benefits of industrialisation.

    Onuk and his team launched RootHub in 2014, from a small space in Ibom e-library, Akwa Ibom, alongside five startups. The organisation has impacted many youths with technology skills, helping them to access choice employment, advance career paths, and drive self-reliance through entrepreneurship.

    In 2016, the organisation partnered the Akwa Ibom State Government, through the Akwa Ibom Enterprise and Employment Scheme, to train 3,600 youths and supplied the tech industry with highly-skilled persons.

    The company has created a co-working space that includes an innovation laboratory, a business incubator, and a community centre. It also provided work spaces in five states, with the headquarters in Akwa Ibom, and branches in Rivers, Ebonyi, Oyo and Lagos states.

    With so many new entrepreneurs and startups entering the business market yearly, Onuk sees a lot of opportunities to invest in training  specialists in top fields since not all  firms have a good source of funding for human capital development.

    Onuk has transformed many businesses and continues to inspire with his business acumen and foresight.

  • ‘Data service provision is my forte’

    ‘Data service provision is my forte’

    With technology, Taslim Salaudeen is making it easy for businesses to get data to conquer the marketplace. DANIEL ESSIET reports

    One Nigerian who has joined the growing list of those solving problems in Africa, especially for business organisations, is the founder of Milsat Technologies Limited, Taslim Salaudeen.

    He is empowering businesses take charge of their future by providing them access to valuable consumer data and insights, so they can be smarter and faster in driving their business sustainably.

    He founded Milsat in 2020 to provide practical data solutions for businesses across various industries. Today, businesses rely on the firm’s analytics solution to discover new opportunities in the market, conduct due diligence on those opportunities and manage their portfolios with a dashboard and real-time alerts.

    His selling point is location specific data.

    He created a platform where people could access the support they need. The company is serving many businesses across Nigeria and beyond.

    Salaudeen said: “Data Acquisition is the act of collecting data, storing and analysing the data to enhance planning, strategising, and decision making. For example, a company working in the Fast-Moving Consumer Goods (FMCG) space might want to know which geographical area their product sells the most, what kind of people live there, why are they buying it or why are they not buying it. It could also be that a telecom brand wants to know 100 new locations that meet their ROI requirement to deploy their mast. In this scenario, a data acquisition service provider comes in to meet that need.”

    The location intelligence expert further said there are different uses of data. However, Milsat has carved a niche in providing location data services to reduce time and manage funds deployed to field research.

    “As a data acquisition provider, we help our client do the fieldwork using the right tools within the shortest period (usually saving them between 40 and 70 per cent of their initial budget for fieldwork),” he said.

    Read Also: NCC reverses 10 percent tariff increase on voice, data services

    On how he made an in-road into his field, Salaudeen said. “I’ve always loved Geography. I am fascinated by anything that brings me close to nature.  As fate would have it, I gained admission to study RemoteSensing and Geographic Information Service (GIS) at the Federal University of Technology, Akure (FUTA), Ondo State. Though I had completed a pre-degree programme in Geophysics at Obafemi Awolowo University (OAU), Ile-Ife, Osun State, attending FUTA, studying GIS and meeting people with unrivalled innovative minds kicked off what I will call my journey into technology. However, a few departmental courses exposed meto practical applications of computer vision in Geography and software for modelling the environment.”

    He mentioned that their primary brand offerings include field surveys, location data collection, mobile mapping application, dashboard development and location intelligence technology advisory, among others.

    On the brand’s achievements, the tech expert said: “In the past three years, I’ve consulted for several organisations and international agencies, with the most groundbreaking being the TechnologyResearch and Advisory for the National Population Commission. My work initiated the shift from the orthodox pen-and-paper methods to modern mobile applications and dashboards.

    “I created diverse solutions for the pre-enumeration census which aimed at annotating the buildings in the country. I was able to reduce the turnaround time for enumeration area map download and provisioning from a projection of 16 months to less than 30 minutes if executed concurrently.

    “Interestingly, the solution has been translated into an architecture for the upcoming Nigerian census,” he added.

    Like in many businesses, his has also faced challenges.

    Salaudeen explained: “I’d say finding the right team and implementing the right structure and culture is a challenge that often goes under the radar.

    “Also, carefully crafting our solutions to solve the multiple spins of problems faced by our clients was a problem we had to deal with in our early years. Things are different now and we stay ten steps ahead by expecting any problem with our broad solutions.”

    The tech entrepreneur did not fail to offer a piece of advice to youths and budding entrepreneurs saying.”I encourage budding entrepreneurs to believe that their dreams are valid and can become anything they want in life.”

    The tech space is an interesting one, your ability to apply tech to every field of endeavour stands you out.

      “I have failed multiple times in tech which sounds bad to an everyday person. But my failures were just catalysts and shapers of how I approach situations. One good side of tech is that it is an enabler. If you like cars, with tech, you can build products for the automobile industry that solve automobile inclined problems,” he stated.

  • Binance seeks ‘clarity’ from SEC over crypto

    Binance seeks ‘clarity’ from SEC over crypto

    Binance has sought clarification from the Securities and Exchange Commission (SECC) over a circular issued by the capital market regulator at the weekend.

    Its spokesperson, in an email note shared by Ivy Shrinida, said: “We are aware of the circular, however, the entity mentioned in the circular is not affiliated with us. We are, therefore, seeking clarity from the Nigerian SEC and remain committed to working with them cooperatively on the next steps.

    “Most importantly, we want to remind users that their assets on Binance are safe, accessible and secure. Our greatest priority will always be to deliver for our users.”

    With Circular on the Activities of Binance Nigeria Limited as title, SEC had warned:  “The attention of the Securities and Exchange Commission (the Commission) has been drawn to the website operated by Binance Nigeria Limited, soliciting the public to trade crypto assets on its various web and mobile-enabled platforms.

    “Binance Nigeria Limited is neither registered nor regulated by the Commission and its operations in Nigeria are, therefore, illegal. Any member of the public dealing with the entity is doing so at his/her own risk.

    Read Also: SEC declares Binance operations in Nigeria illegal

    “As the regulator with the statutory mandate of investor protection, the Commission urges Nigerians to be wary of investing in crypto-assets, and crypto-asset related financial products and services if the service provider/its platform is not registered or regulated by the Commission. Nigerian investors are hereby warned that investing in crypto-assets is extremely risky and may result in total loss of their investment.’’

    “By this circular, Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever.

    “The Commission shall provide updates on further regulatory actions with respect to the activities of Binance Nigeria Limited, and other similar platforms and shall work with other regulators in Nigeria to provide further guidance on this matter.”

  • Nigeria’s Q1 agric goods trade hits N751.03b

    Nigeria’s Q1 agric goods trade hits N751.03b

    Nigeria traded N751.03 billion agricultural goods in the First Quarter of the year (Q1 2023), the National Bureau of Statistics (NBS) said.

    This was contained in the “Exports and Imports Products Classified by Sectors Q1, 2023,” of its document entitled: “Foreign Trade in Goods Statistics Q1 2023,” which The Nation obtained yesterday.

    The document said exported agricultural goods were valued at N279.64 billion while total value of imported goods was N471.39 billion in the period under review.

    NBS said: “Agricultural Goods Sector: The value of total trade in agricultural goods in Q1, 2023 stood at N751.03 billion of which exports were valued at N279.64 billion in Q1 2023.

     “Exports of agricultural goods increased by 63.92 per cent and by 38.72 per cent when compared to the value recorded in Q4, 2022 (N170.59 billion) and Q1, 2022 (N201.59 billion).”

    The report noted that during this quarter, most agricultural products were exported to Asia, valued at N172.90 billion, followed by Europe with N85 billion.

    It explained that export of agricultural products was dominated by Superior quality cocoa beans valued at N84.75 billion followed by Sesamum seeds, with N67.66 billion and ‘Cashew nuts in shell’ with N27.18 billion.

    Read Also: ‘Focus on rural agricultural revolution’

    According to the data, by direction of trade, superior quality cocoa beans worth N28.51 billion and N25.25 billion were exported to The Netherlands and Malaysia.

    The document added that Sesamum seeds worth N21.88 billion and N20.28 billion were exported to China and Japan respectively, followed by exports of cashew nuts in a shell worth N15.13 billion and N10.20 billion to the Socialist Republic of Vietnam and India.

    On imports, NBS  said: “On the other hand, total imports of agricultural goods in Q1, 2023 stood at N471.39 billion or 8.48 per cent of total imports in Q1, 2023.

    “This is an increase of 5.97 per cent when compared to the value recorded in Q4, 2022 (N444.82 billion) and by 6.32 per cent when compared to the value recorded in Q1, 2022 (N443.36 billion).

    “The major agriculture goods imported in Q1, 2023 included Durum wheat (not in seeds) from Canada with N53.57 billion and Latvia with N47.34 billion. This was followed by Mackerel (Scomber scombrus, Scomber australasicus, Scomber japonicus), meat, frozen from Chile valued at N8.10 billion.”

    On the Solid Minerals Sector, the report said the value of total trade in solid minerals goods in Q1, 2023 stood at ?70.85 billion representing 0.59per cent of total trade in Q1, 2023 of which solid minerals exports stood at ?26.02 billion.

    NBS said it was an increase of 23.73per cent when compared to the value recorded in Q4, 2022 (?21.03 billion).

    The report noted that it also increased by 32.17per cent when compared to the corresponding quarter of 2022 (?19.69 billion).

    The Bureau disclosed that the major exported solid mineral goods were ‘Tin ores and concentrates’ to Malaysia, valued at ?9.14 billion, followed by ‘Other excluding White cement’ worth ?5.79 billion to Niger.

    It said on the other hand, solid mineral imports were dominated by ‘Plaster’ imported from Turkey worth ?9.60 billion and Egypt valued at ?3.35 billion.

    NBS noted that other products imported under this category were ‘Gypsum; anhydrite’ from Spain (?6.05 billion) and Egypt (?1.63 billion).

    NBS revealed that the value of manufactured goods traded in Q1, 2023 stood at ?2,527.37 billion representing 20.98per cent of total trade.

  • MD: why we restructured Polaris Bank

    MD: why we restructured Polaris Bank

    Polaris Bank Limited  restructured to achieve its long-term sustainability goals and meet the needs of customers, its Managing Director/CEO, Adekunle Sonola, has said.

    In an interview, he noted the importance of corporate governance and customer-centricity in driving business success.

    Sonola stated: “Without purpose, a business loses its way, and without integrity, it loses its soul. We are recalibrating with the customer’s needs as our primary consideration.”

    He emphasised the bank’s commitment to winning back migrant customers and supporting resident ones.

    The bank’s CEO explained: “Having loans and advances concentrated in a sector, business, or individual is like balancing 20 crates of eggs on your head, tripping over a pebble smashes all egg crates… Funding diversification and cost optimisation are now an integral part of our future.”

    He highlighted the bank’s focus on risk asset diversification and the need for a diversified funding base”.

    He emphasised the importance of superior customer experience as a competitive tool.

    Read Also: Polaris Bank gets two executive directors

    “We are building this into the bank’s operational DNA… Our customer journey experiences have been deconstructed across demographics.”

    On the bank’s capitalisation, Sonola said: “The bank operates well above the statutory 10 per cent capital adequacy requirement… We are concluding arrangements to inject Tier II capital to support our asset growth aspirations… Our shareholders are ready and willing to inject additional capital into the bank whenever the need arises.”

    He emphasised the bank’s commitment to maintaining adequate capitalisation and supporting its growth objectives.

    “Our funding costs have been very competitive in the industry… Earning asset growth is one we are driving… We are very confident our net interest income and margin will witness considerable growth as our strategies mature.”

    He emphasised the bank’s focus on controlling funding costs, growing earning assets, and improving net interest income.

    He said the bank’s size, relative to other Tier II players, can be best appreciated against the legacy challenges of the Bank… we still consider size important as it affords more opportunities and possibilities.

    He emphasised the bank’s focus on value creation rather than sheer size and its commitment to being a major challenger among Tier II banks.

    Sonola, while addressing concerns about portfolio concentration, disclosed that Polaris Bank’s risk management process and risk assessment framework are deliberately more rigorous than the statutory guidelines require, thereby helping to identify concentration tendencies early and nipping them in the bud.

    Sonola expressed Polaris Bank’s commitment to further strengthening its capital base, stating, “We are concluding arrangements to inject Tier II capital into the Balance Sheet to support our growth aspirations… Our shareholders are ready and willing to inject Tier I capital into the books… The new owners are committed to providing necessary support towards building a strong and resilient financial position.” He emphasized the Bank’s dedication to sustainable value creation and its vision of being a dominant digitally-led retail franchise.

  • NACCIMA to OPS: ‘push for pro-business policies’

    NACCIMA to OPS: ‘push for pro-business policies’

    The Nigerian Association Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has urged members of the Organised Private Sector (OPS) to strengthen its engagement with the Federal Government to formulate pro-business policies that would drive inclusive economic growth and development.

    Its new National President, Dele Kelvin Oye, gave the advice during his investiture at the Afe Babalola University, Ado Ekiti, the Ekiti State capital.

    Oye, who is the 22nd National President of the Chamber, while calling on the OPS to play active roles in policy formulation, especially as it affects the business community, said the private sector is a veritable tool for driving foreign and local investments as it contributes over 25 per cent to the nation’s Gross Domestic Product (GDP).

    He said: “We must find a way to influence political decisions because they affect businesses. Even though we contribute 75 per cent to the GDP and the other 25 per cent from the government comes with government’s policies that control businesses.

     “We must find a way to ensure that people who govern our country are not hungry people looking for food, but are held accountable if they do not do well. We must let them know the impact of negative policies as they affect the business community and even the future of the country. We must all see service and leadership as an opportunity to do our best.”

    Oye assured that NACCIMA would be prioritising youth development and women empowerment, saying that for Nigeria to change its economic narrative, it must invest in women, youths and education.

    “NACCIMA will be prioritising youth and women empowerment. We will be there to support both women and youths to find their feet so that Nigeria can be great again,” he said.

    Read Also: IMF, Goldman Sachs, warn against AI impediments to businesses

    He advised the Federal Government: “We must make education a priority because it is vital for achieving economic growth while also giving the citizenry the opportunity to question the leadership style of any country that desires positive growth and development.’’

    He also said he would prioritise the creative sector to complement the Federal Government’s diversification agenda aimed at cutting the overdependence on hydrocarbon resources, stressing that he is passionate about the creative industry due to its ability to generate the much-needed foreign exchange for the Nigerian economy.

    Oye also pledged commitment to lead the Chamber in the most transparent and effective way in its bid to attract rewarding partnerships and the respect of its members.

    In his goodwill message, the Ekiti State Governor, Biodun Oyebanji, commended Oye, saying his outstanding commitment to fostering economic growth, job creation, and sustainable development in the nation is laudable.

    “Your expertise and passion for advancing the interests of businesses, both small and large, have been evident throughout your illustrious career. I have no doubt that under your leadership, NACCIMA will continue to play a pivotal role in shaping policies, advocating for favorable business conditions and driving innovation across various sectors,” Oyebanji said.

    The governor expressed his confidence that Oye’s presidency will usher in an era of transformative change and progress for NACCIMA and the Nigerian business community as a whole.

    “Your wealth of experience, visionary approach, and a strong commitment to inclusive growth will undoubtedly yield remarkable results, propelling our nation’s economy to greater heights,” he stated.

    Oyebanji assured the new NACCIMA president of the full support and cooperation of the Ekiti State Government in his (Oye’s) endeavors.

    “We are committed to working hand in hand with NACCIMA to enhance the business climate, attract investments and create employment opportunities for our people. Together, we will build a more prosperous Nigeria where every citizen can realize their full potential.”

    On his part, the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, said the event was an opportunity for collaboration amongst industry stakeholders and celebration of shared achievements over the past year.

    He stressed that the event will also help determine and align the association’s desired strategic direction as a whole and for its members, which ultimately benefits the nation.

    “As we look to the future, I am confident that the leadership of NACCIMA will continue its strides, as an umbrella body for various Chambers of Commerce within Nigeria, to drive the economic growth and prosperity for our nation,” the minister said.

    He commended NACCIMA for their tireless efforts in promoting industrial growth in Nigeria, saying that their commitment has been instrumental in driving economic growth of the nation and creating jobs for the citizenry.

    “NACCIMA has provided a platform for businesses to network, collaborate and provide a range of services to its members including business information, trade missions, exhibitions, seminars and training programmes. I enjoin NACCIMA to continue to perform all these functions, as the ministry stands ready to provide continuous support for the association and its members,” Adebayo said.

    The President, Ekiti Chamber of Commerce, Industry, Mines and Agriculture (EKICCIMA), Dr. Olufemi Ogunmola, said as the chamber begins a new era of political administration in Nigeria, the OPS carries a burden of stabilizing the  economy.

    He pointed out that the NACCIMA President having chaired several economic and bilateral trade missions comes as a round peg in a round hole.

    “He will collaborate with the government to move our economy forward. His time as the Chair of the Nigerian Turkish Business Council has brought about so much progress and development to trade activities between both countries and all we can anticipate is a more robust economic development under his presidency,” Ogunmola said.

  • Ohanaeze’s blather, Iwuanyanwu’s walk-back

    Ohanaeze’s blather, Iwuanyanwu’s walk-back

    For the most reckless comment on the suspension of Godwin Emefiele, the Central Bank of Nigeria (CBN) governor, look no farther than that of Chima Uzor, who claimed to be the Ohanaeze Ndigbo’s director of national interest matters.

    “To say the least,” Uzor barked, “this suspension is without due process and the arrest, despite a court order against DSS from arresting him, is provocative; and well-meaning Nigerians must resist and ensure it does not stand.  We view the development,” he darkly warned, “as clearly part of the new administration’s scheme of ethnic cleansing of the Igbos from public offices.  This is nothing” he insisted, “but a witch-hunt directed at the Igbos for no other reason other than they dared to oppose the new administration in the last general election.”

    And how about this for a roaring clincher of a final and triumphal threat: “We are therefore asking President Bola Tinubu to beware of starting his administration with actions capable of driving an already shaking nation into chaos”?

    What rubbish! 

    It’s good though, that Chief Emmanuel Iwuanyanwu, the Ohaneze president-general, swiftly countermanded Uzor in a statement Iwuanyanwu personally signed; dismissing Uzor as an impostor unknown to the body, stating Ohanaeze had no office for national interest matters. Just as well!

    Read Also: Iwuanwanyu: Ohanaeze has no intention to interfere with Emefiele’s probe

    “Ohanaeze … has no intention whatsoever to interfere with the investigations by the DSS or other security agencies of the country.  Individuals,” he reasoned, “have a right to go to court and when the court of law proves the individual innocent, and Ohanaeze is convinced that the individual is innocent, Ohanaeze will take every step necessary to assist the individual.”

    That is wisdom.  That is common sense.  That is due process.  Any other thing is balderdash — and that’s the sum total of Uzor’s rookie outpouring.

    To start with, the release teems with ignorance: suspension of the CBN governor opposes no due process.  It’s within the president’s powers.  What the president can’t do is a summary sack: he would need two-third majority of the Senate to do that.

    And mischief: does Atiku Abubakar, a prominent northerner running in the 2023 presidential election, now equate the ‘North’ “daring to oppose” the winner of that election?  What sub-clannish thinking!

    But the one that rankles most is the hare-brained malice: Emefiele’s suspension as ethnic cleansing of the Igbo from public office!  Where did that mind spring — from the darkest pit of Plato’s allegory of the cave?

    Lost souls, like Uzor, can’t help the Igbo — or any other people.  It’s so embarrassing that it stresses yet again a golden silence, instead of spewing plain rubbish.  It’s good the rookie has been shut down by the right quarters.

  • ‘The Spirit of June 12’

    ‘The Spirit of June 12’

    Seventeen years and six days ago today, on August 19, 1993, as military president Ibrahim Babangida was flailing and threshing for a formula that would seal his annulment of the 1993 presidential election and keep him in office and in power, a frontline member of the Nigerian Senate made the following remarks in the course of a debate.

    “I quote:

    ‘Distinguished Senators, we have a situation today that suggests that the abortion of June 12 election is another coup d’état.  My question is, when are we going to stop tolerating injustices, coups, and abuse by people on whom we have invested much resources – the public funds of this country? 

    ‘The highest portion of Nigeria’s budgets since independence is being invested on the military, from their barracks to the ammunition provided for them and up to their uniforms. The oath of office taken by the military is to protect the citizens and the sovereignty of this country. 

    ‘Should we therefore continue to tolerate the situation where the military turn that investment against us, to abuse and restrict and to prevent justice taking place? 

    Read Also: June 12: Hope to Renewed Hope

    ‘Yes, it is true that we have a crisis but, to every action, there is a reaction.  This is a self-inflicted crisis because, without the abortion or annulment of the June 12 election, there would be no crisis like this. 

    ‘We have a government that made laws and abused its own laws.  Therefore, the present military administration by virtue of the abrogation and violation of its own decree has committed a crime . . .’

    End of quote.

    “The Senator who uttered these historic and courageous words, who insisted on justice and refused to take refuge in opportunist compromise, the Senator who defended the sovereign right of the Nigerian peoples to elect their own rulers, is  our Chief Presenter, Asiwaju Bola Tinubu, Emeritus Governor of Lagos State, and a pillar of the coalition of democrats and progressives.

    “The book is dedicated to the memory of Bashorun Moshood Abiola, winner of the historic June 12 1993 presidential election, who would have been 73 years old today, August 24, 2010, and to “The Spirit of June 12.”

    “What do I mean by “the Spirit of June 12?”

    “As I see it, the Spirit of June 12 is the spirit of service and sacrifice.  It exalts keeping faith with the sovereign electorate over and above considerations of personal gain and comfort, over self-preservation even. 

    “That was the spirit that impelled Bashorun Abiola to hold fast to his historic mandate even when the cost of doing so was nothing less than his freedom and possibly his life, to reject compromises that would have made a mockery of the right of the people to elect their own rulers.

    “It was the spirit that moved Kudirat Abiola to carry on the struggle long after Bashorun Abiola had been taken into captivity, and for which she paid the ultimate price.

    “It is the spirit that has sustained the discreetly but deeply engaged members of the Abiola household – Dr Doyin Abiola and Hajiya Bisi Abiola.  That same spirit animates Hafsat Abiola, who lost her mother to Abacha’s assassins when she was still in her teens, and her father to the machinations of the “international community” and their local proxies well before she could settle into a life of her own.

    “Dr Doyin Abiola is here, but Hafsat could not be with us today.  Please join me in saluting their inspiring example.

    “The Spirit of June 12 is the spirit of firm resolve, of never counting the cost, of going the distance, the spirit of resistance to, and defiance of, arbitrary power. 

    “It was the spirit that sustained many in our midst today and thousands across the country even as they were jailed, tortured, dispossessed, and subjected to all manner of privations, just because they stood up for justice, for democracy, and for the rule of law. 

    “It was the spirit that impelled hundreds of our politically engaged compatriots to abandon kith and kin and home and hearth to move to distant, not always welcoming lands, there to continue the struggle for justice in their homeland.

    “The June 12 Spirit reaches out and is not opposed to compromise.  But it insists that compromise for the sake of compromise is barren, and that fundamental principles must not be sacrificed at the altar of compromise.

    “The June 12 Spirit holds that fundamental rights belong to all; that they cannot be saved for some and denied to others.  Thus, it defends those rights without equivocation wherever it finds them assaulted, even if, or rather, especially when the victims are sworn enemies of the June 12 Spirit.

    “It is the Spirit of June 12 that has kept alive, against formidable odds, the long, dogged struggle to reclaim the stolen mandate of the people in Osun, and Ekiti; it contributed significantly to the restoration of the popular mandate in Edo and Ondo.

    “The Spirit of June 12 is not merely about the struggle for democracy and justice, however.  In a practical sense, it is also about the delivery of goods and services to the public.  It is about improving the human condition.  In this practical dimension of the June 12 Spirit, our Chief Host, Governor Babatunde Fashola, SAN, stands out as an exemplar.

    “The June 12 Spirit enjoins us to build bridges of understanding across Nigeria;         it transcends the divisions of tribe and tongue and creed and class; it enjoins us to forgive and summons us to find in ourselves that charity which is the surest foundation for a just society.

    “But the Spirit of June 12 does not enjoin us to forget; indeed, it cannot enjoin us to forget.  Individuals and political communities and indeed nations put their very existence at risk when they forget. This fundamental truth is embedded in the names that many communities across Nigeria bestow on infants – names that translate into “forgetting is dangerous.”

    “Bashorun Abiola breathed and lived the Spirit of June 12 in his private and public life. 

    “Today, that Spirit finds probably its most robust expression in the tireless exertions, at home and abroad, of our Chief Presenter, Asiwaju Bola Tinubu.

    “Finally, a few words about the book.  And here, I would like to return to the subject of forgetting, or rather, not forgetting.

    “Every society cherishes its stories.  All of us – adults, no less than children, enjoy listening to those stories.  The story is our vehicle for conducting surveillance of the environment, transmitting the cultural heritage, and entertaining ourselves.

    “It is the story that helps us locate where we came from when we have strayed.

    Through the story, we draw inspiration from the past to prepare for the struggles ahead.  From it, we learn of the blunders of bygone years, even if we are sometimes  doomed to repeat them.

    “That is the reason for this book – to awaken memory, to restore that which

    has been forgotten, in the hope of perhaps helping to stave off a debacle even more tragic than the one I have tried to chronicle within its covers.”

    The foregoing comprised my remarks at the public presentation of my book Diary of a Debacle: Tracking Nigeria’s Failed Democratic Transition (1989-1994), at the MUSON Centre, Lagos, on August 24, 2010.

    What a delicious irony that Nigerians now celebrate June 12 as Democracy Day, some three decades after Clement Akpamgbo, the attorney-general and backroom legal fixer in Babangida’s lawless military regime, warned darkly that invoking it for any reason and in any context would be construed as a treasonable felony.

    And how fitting that on the 30th anniversary of the capricious annulment of the 1993 presidential election, the person who most emblematizes the Spirit of June 12, Asiwaju Bola Ahmed Tinubu, is the President of Nigeria and Commander-in-Chief of the Armed Forces.

    For the first time in Nigeria’s history, an authentic progressive and a “June Twelver” is at the helm. May the Spirit of June 12, the Spirit that animated the formation of the ruling All Progressives Congress and pervaded Tinubu’s presidential campaign – may the Spirit of June 12 at its fullest be his guide and his anchor.