Author: The Nation

  • Annulment, a tragic mistake, says Jerry Gana

    Annulment, a tragic mistake, says Jerry Gana

    Former Minister of Information and National Orientation, Prof. Jerry Gana said the annulment of the June 12, 1993 presidential election was a tragic mistake that was not supposed to have happened.

    Gana who spoke in Minna, Niger State said that the former Military President, Gen. Ibrahim Babangida (rtd), meant well by organising the election but some powerful forces made him annul it to suit their selfish interests.

    Read Also: Some notes on post-annulment amnesia

    The former minister said that the election was a period Nigerians united against evil forces but along the line, the people that never meant well for Nigeria had their way.

    He averred that democracy was better than any other form of government across the globe, adding: “Therefore, we must stay with democracy in order to better Nigeria because it delivers freedom, human rights and a good number of other things.”

  • June 12 and the search for democracy

    June 12 and the search for democracy

    The National Secretary of the National Democratic Coalition (NADECO), Ayo Opadokun reflects on the annulment of the June 12, 1993 presidential election and its implications for democratic growth in the country

    Respected and Distinguished Nigerians of all positive colouration, retired public servants, military and civilians of the highest degrees, professional groups, Nigerian workers, civil society organisations, leaders of ethnic nationalities, traditional and religious leaders, youths including students Unions, women and other non-unionised bodies met at different times in 1994 and established NADECO, a broad based, nation-wide, non-partisan platform to reject the contemptuous, provocative and tyrannical annulment of the June 12, 1993 election which  most Nigerians and the international community considered to be the then  freest, most transparent presidential election in Nigeria and where Chief M. K. O. Abiola of the SDP defeated Alhaji Tofa of the NRC, on June 12, 1993. Also, the platform campaigned creditably for an immediate return to Federal Constitutional Governance/ National Restructuring along the Independent/Republic constitution.

    NADECO stood up to the most violent, most brutal military despot in Nigeria’s history, Gen. Sani Abacha until he expired in 1998.Many leaders of the Pro-democracy movement were violated, incarcerated, brutalised, dehumanised,  hunted and hounded and in fact eliminated by the agents of the goggled general.

     Gen. Abdusalami Abubakar organised a very short transition within a year but the military strong men forcibly enthroned their former boss and Commander In-Chief, Gen. Obasanjo as elected President. Obasanjo was reported to have deliberately perverted the election that brought in Governor Umar Musa Yar Adua as President thinking that Yar Adua would allow him to continue to govern by proxy.

      But the gentleman that Yar Adua was admitted that the election that brought him to office was flawed and established the Justice Mohammed Uwais Election Reform Panel before he departed to the great beyond. The recommendations of that panel which were considered positively directed to making Nigerian election truly free, transparent, credible to meet international best practices have not been implemented except for making funding of the election umpire to be on the first charge.

     President Jonathan was regarded by many as a lackluster politician with no visible political constituency and was dislodged by a convergence of dispirited groups in 2015.The beneficiary of that political scheming was another military strongman, Gen. Mohammadu Buhari.

     The reality of the Nigerian political trajectory demonstrates vividly that the country has been administered on fire brigade approach by successive military strongmen who were politicians in military uniform. For example, the military in its first outing on January 15, 1966 spent 13 years before the aberration of Alhaji Shehu Shagari for four years.

     Again, Gen. Mohammadu Buhari led an insurrection that toppled President Shagari on 31/12/1983 and the military even though changed bartons through a palace coup spent another 15 years making  the military rulers in uniform to have spent a total of 28 years.  

    Read Also: Abiola and lessons of June 12

    To demonstrate their overall monopoly of political and economic powers in Nigeria, when the military was forced to return to the barrack as military rule was no more in vogue, the politicians in military uniform along with their retired bosses, used undue advantage acquired over their prolonged rulership to ensure that one of their former Military Rulers became the “elected president” in 1999 and repeated the same in 2015. (Gen. Obasanjo and Gen. Buhari).

    Thus, the military in agbada has now spent 16years as the so called civilian rulers. A combination of the military rulership of Nigeria in uniform and mufti total up into 28+16 years ie 44years out of 62 post-independence of Nigeria.

     There is no denying the fact that whenever and wherever the military conquers and or captures a geographic space, everything-human and material resources therein have become part of the spoil of war. Since Nigeria was captured on January 15, 1966, all of us including our democratic culture, value system, and ethos have become part of the military spoil of war.

    The consequences of the prolonged military dictatorship include the fundamental fact that they have prevented the growth of democracy, democratisation, expansion and consolidation of democratic features and culture in Nigeria. Because over 65% of Nigerians are young people, most of them have never experienced democracy and its features. All that they have always known is the culture of military dictat/command structure.  The CONCEPT OF POPULAR WILL IS ALIEN AND STRANGE TO THEM.

     Nigerians never voted nor rejected our cherished Parliamentary System which proved to be much more responsible and responsive; cost effective, and not as destructively corrupt as the Executive Presidential System which the military imposed on the country through various subterfuge arrangements in 1979 & 1999 respectively. They preferred a military system type where powers flow from the top by the Commander-In-Chief to the subordinates below.

    Again, the military abrogated, and substituted our cherished and negotiated federal constitution and replaced it with their various decrees which had unitarised all government policies and activities and which in turn has occasioned injustice, inequity, disregard for the rule of law and all kinds of discriminations.

     All the giant strides recorded by our founding fathers in the First Republic had been significantly destroyed while all the hopes and aspirations of our people’s at independence have been dashed by the politicians in military uniform who have staged insurrections against Alhaji Tafawa Balewa and Alhaji Shehu Shagari governments and even their fellow colleagues in arms.

    NADECO therefore will expect President Tinubu to return Nigeria to the path of Federal Constitutional Governance upon which Nigeria secured her independence and which most Ethnic Nationalities Leaders, Civil Society bodies, Opinion leaders, e.t.c had vigorously campaigned for in the last 30 years at least.

      16. This is because while we practiced federal constitution, there were spectacular and visible developments, by the regional and national governments. The economic policies lifted the people out of poverty and we were the envy of the black world and even our colonisers, Great Britain.

     As an activist and pro-democracy leader, there can be no excuse to retain this unsustainable system that negates all known transparent, technological and value driven, modern governance. President Tinubu perhaps was brought to government by Providence, nay by God, to return Nigeria to the path of sanity where it would be able to establish a productive government that fastly lifts it’s people out of prolonged misery and poverty, modernise its education system, and organise its agricultural endowments to meet the value chain necessities required in the modern world where agriculture is organised as a business.

     NADECO therefore demands from President Tinubu to capture accurately the national mood and demands from his government to implement the report of Mallam Nasir El Rufai Panel which recommended that APC should fulfil its manifesto promise of returning Nigeria to Federal Constitutional Governance. POPULAR WILL IS GIVING PROMINENT RECOGNITION IN MODERN GOVERNANCE.

     While a return to Federal Constitutional Governance will not immediately solve all the many infractions imposed by the military on our governance, most of the aberrations at the national and sub-national levels can be taken on board for resolutions. For example, the fear that States created whimsically to satisfy selfish interest of the military strongmen and their civilian friends and confederates will be reverted is unfounded. Mono Regions as you have in Germany, Canada, Belgium, e.t.c will determine what is best suited for their regions.

      20. President Tinubu must be conscious of his place in history, timing is critical. Upgrading Socio-political and economic, infrastructural e.t.c are desirable and urgently needed considering our national endowment. But the most lasting and worthy legacy to pursue NOW AND VIGOROUSLY is to legally and constitutionally restore Nigeria back to federal constitutional governance which was the basis upon which the heterogeneous people’s accepted to be part of project Nigeria. Otherwise, whatever he possibly believed he has accomplished can be reversed within hours, weeks, months or years by the new ruler. This system is unsustainable. Our President must govern to meet current challenges and what his legacy will be after he has completed his tour of duty.

  • 30 years after the great betrayal

    30 years after the great betrayal

    The June 12, 1993 presidential election was free and fair. It was won by the presidential candidate of the defunct Social Democratic Party (SDP), the late Chief Moshood Abiola. But, it was annulled by the military President, Gen. Ibrahim Babangida. Deputy Editor EMMANUEL OLADESU revisits the illusion of hope and the aborted journey to democracy.

    Like a flash of lightening, 30 years have passed since the criminal annulment of the most credible presidential election by military despots.

    The pain of the annulment lingers. There was confusion, outrage and condemnation of the barbaric act. But, the military stood against the people. Democracy was subjugated by the barrel of gun. The hope of a peaceful transfer of power to the democratically elected President, the late Chief Moshood Abiola, was dashed. The rest is history.

    Many elections after June 12 have been tainted by fraud. Had the historic poll been affirmed, perhaps, Nigeria would have laid a solid foundation for the sanctity of the ballot box.

     In 1999, the presidential election was resolved at the Supreme Court. In 2003, 2007, 2011, and 2019, it followed the same pattern. Even, the outcome of the February 25 presidential poll is still being contested, although for some inexplicable reasons by a band of political jesters.

     The puzzle is: can the miracle of June 12, 1993 be repeated? Can Nigeria conduct a poll that will be absolutely acknowledged as free, fair, credible and transparent like the historic poll that produced Abiola as President-elect?

     June 12, 1993 was a historic day. Nigerians rose above ethnicity and religion as they chose between Abiola and his National Republican Convention (NRC) rival, Alhaji Othman Bashir. It was a peaceful exercise nationwide. There was no thuggery. There was no violence. Although it was during the raining season, heaven withheld the showers. Malpractices were not reported. Domestic and foreign observers hailed the poll, saying that Nigeria was coming of age. Through the election, the electorate had issued a red card to the military. But, the sit tight military rulers resisted the change. After annulling the poll, the symbol of the struggle was caged. Consequently, the victor became the villain. The political class was polarised. The faithful were in disarray. Abiola never returned alive from detention. Up to now, the circumstances surrounding his death are in the realm of conjecture.

     The history of treachery and betrayal will be narrated from generation to generation. Many were jolted out of their delusion that the military could voluntarily return power to legitimate authorities without a popular uprising. The blame for the criminal annulment goes to the former military President, Gen. Ibrahim Babangida. The former military ruler had posed as a populist leader, branding deceit and prevarication, and projecting a transition process that was programmed to fail and prolong the military rule.

      The Head of State and Commander-In-Chief did not spare any though for tomorrow. Therefore, he missed the opportunity to write his name in the letters of gold. Babangida’s fate underscored the futility of personali-sation of power. In justifying the annulment, which aborted the dream of his friend, Abiola, to succeed him, he alluded to the conflict between loyalty to friendship and ‘love’ for the nation.

    Read Also: Tinubu, June 12 and NADECO

    “My commitment to the cherished values of friendship has been confronted with the demands of statecraft”, he said. When that confrontation emerged, he said he decided to abandon friendship for national service. “I love my friends, but I also love my country. It is the height of patriotism that whenever the love for one’s country is in conflict with any other love, the love for one’s country takes precedence”, IBB added.”

    Despite the finality of the annulment, Babangida’s life in power, from that June 1993 to his inglorious end  in office was full of tension. “History’s judgment will always be harsh on him”, said Comrade Joe Igbokwe, a rights activist, who noted that the former military leader will carry the cross for life because he lacked the opportunity to reverse the annulment.

    Historically, it has been difficult for the military to midwife democracy. In 1979, the electoral process was discredited by the Head of State, Gen. Olusegun Obasanjo, who said that the best candidate will not win the presidential election.

    When IBB unfolded his transition programme, the late sage, Chief Obafemi Awolowo, cautioned against the illusion of hope. Weary of the prevailing political situation, he doubted the sincerity of the transition drivers. Awo, who was invited by the Political Bureau chaired by Dr. Cookey to contribute to the debate of the future of the country, predicted that Nigeria was embarking on a fruitless search. He warned that when Nigerians imagined that the new order had arrived, they would be terribly disappointed. When Awolowo returned to Ikenne from Lagos, following his visit to the Evil Genius in Doddan Barracks, he urged his followers to learn to eat and wine with the devil with a long spoon.

    It was an understatement.  IBB started to gamble with the transition timetable very early. He shifted the poll twice. The third attempt was resisted by the human rights community. On poll day, voters were determined. They were ready for the festival of change. Even, the mood in the army and police barracks was not different. Soldiers, their wives and children displayed enthusiasm. According to the National Electoral Commission (NEC) chaired by Prof. Humphrey Nwosu, 14 million voters participated in the voting. The contest showcased the potency of the Option A4, the open ballot system and the symbolic importance of the two party system. According to the poll results, Abiola scored 8,341, 309 votes, representing 58.36 per cent of the total votes cast. Tofa, it was said, was ready to concede victory. In fact, the NRC National Publicity Secretary, Dr. Doyin Okupe, declared that the poll was devoid of rigging, affirming that Abiola won a popular mandate. However, based on the order from above, the announcement of the result was stopped abruptly. The game of deception had reached the peak.

    A feeble and spurious explanation for the annulment later came from military Vice President Admiral Augustus Aikhomu’s media aide, Mr. Nduka Iraboh.  “In view of the litigation pending in the various courts, the Federal Government is compelled  to take appropriate steps to rescue the judiciary. These steps are taken to protect our legal system and the judiciary from being ridiculed and politicised, both nationally and internationally.

    “In an attempt to end this ridiculous charade, which may culminate in judicial anarchy, the Federal Military Government has decided to: stop forthwith all court proceedings pending or to be instituted and appeals thereon in respect of any matter touching, relating or concerning the presidential election held on June 12, 1993, the Transition to Civil Rule Political Programme (Amendment No 3, Decree No 52 of 1992 and the presidential election.

    “Basic Constitutional and Transitional Provision Decree No 13 of 1993 is hereby repealed. all acts or omissions done or purportedly to have been done, or to be done by any person, authority etc, under the above named decrees are hereby declared invalid. The National Electoral Commission is hereby suspended. All acts or omission done or purported to have been done by itself, its officers or agents under the repealed Decree No 13, 1993, are hereby nullified,” he said.

    On June 26, 1993, IBB also came on air. But, his explanation was clearly an after-thought. He said the process of authentication and clearance of the presidential candidates was not thorough. Nigerians also disputed the allegation that bribes were offered and accepted by the NEC officials. When the heat was turned on him by protesters, Babangida was forced to voice out his pre-determined destination. He declared that, although he knew those who would not succeed him, he did not know those who would succeed him. Television viewers later saw a staggering military President boasting that “we are not only in government, we are in power.”

    With the cancellation of the results, Abiola’s vision for Nigeria died. The businessman-turned politician was very passionate about the masses. His slogan was the abolition of poverty. He had fought many personal battles, but the ‘June 12’ battle was the fiercest battle of his life. Rejecting the annulment, Abiola declared himself as the custodian of a sacred mandate. He said, having voted for him, the people of Nigerian expected him to assume the reins on August 27, 1993. “I intend to keep that date with history”, Abiola said.

    IBB understood MKO. He was not indifferent to his determination to reclaim his mandate. Courage and the resolve to succeed were the hallmarkss of Abiola’s life.  In a birthday message to him in 1992, Babangida acknowledge Abiola’s courage, stressing that “a major feature of your life, so far, is the doggedness and determination with which you pursue any venture embarked upon”.

    Abiola was not prepared for the post-June 12 challenges. He was not an experience politician. But, he had the masses behind him. Amid the military onslaught against his mandate, he jetted out to seek international support. By the time he returned home, his party had split. The SDP leaders started to speak from the two sides of the mouth. Also, his business was subjected to torture. His business investment was ebbing away. The military dictator clamped down on his newspapers, The Concord, and other media organisations sympathetic to the cause.  of popular rule. Former Information Minister Comrade Uche Chukwumerije, now a senator, mounted the hottest propaganda against the just cause. He said, by travelling abroad, MKO had gone down in history as the first Aare Ona Kankanfo of Yoruba to have deserted the battle field. As June 12 divided the polity, associates were changing allegiance. The Association for Better Nigeria (ABN) led by Senator Arthur Nzeribe, engaged in infamous deformation of the struggle, collating imaginary signatures of people against the election.

    Read Also: Apostles of June 12 won’t rest until Nigerians enjoy good governance – Onitiri

    The late Admiral  Aikhomu also doubted the fitness of Abiola for the Presidency. He said the rich man is not the philosophical king. The military accused him of leaving the country illegally to mount an illegal campaign abroad against his fatherland. Gradually, MKO was losing grip of the situation. There were conflicts of advice and suggestions by eminent Nigerians.

    For Abiola, history merely repeated itself on June 12.  A decade earlier, he had sought to rule the country. But, he was edged out of the race in the ruling National Party of Nigeria (NPN) in 1982. On June 12, 1982, he struggled for the presidential ticket with President Shehu Shagari. He could not obtain the nomination form as the gate of the party secretariat was shot against him. Former Transport Minister Dr. Umaru Dikko told Abiola that “the Presidency is not for the highest bidder”. Two years before, he had also aspired to lead the NPC. But, he was defeated by the more experienced Chief Adisa Akinloye.

    However, in the aborted Third Republic, his albatross was the Minna-born military General, who had assumed full executive powers, without the accompanying checks and balances. Resistance to him by the rights community and the decimated political class failed. Abiola, his wife, Kudirat, the SDP leaders who were loyal to him, human rights groups, labour, students, and the members of the National Democratic Coalition (NADECO) managed to sustain the struggle.

    The symbol was ready to lay down his life, which he eventually did. Without a gun, he stood shoulder to shoulder with the military.  In his famous Epe Declaration, the President-elect insisted on his mandate. “Never before has there been such a cynical and contemptuous abrogation of solemn commitment and fixed programme”, he said in response to the unsigned statement announcing the annulment. Abiola explained that Tofa, and the two political parties never went to court to complain about the poll. He wondered why the Abuja High Court granted the unprecedented injunction to the Nzeribe, who was not a candidate and who never voted during the election. He observed that these diabolical events were planned ahead to create confusion and discredit the poll.

      It was a futile struggle. Although IBB left office, he did not hand over to the winner of the election. He stepped aside to save his face.

    The interim government led by the boardroom guru, Chief Ernest Shonekan, succeeded him. But, it  was short lived.  On November 10, 1993, Justice Dolapo Akinsanya of the Lagos High Court dismantled the interim apparatus, saying that it was illegal, unconstitutional, null and void.  On November 18, 1993, Abacha sacked Sonekan and stepped in as the military Head of State.

    The pro-democracy crusaders were back to square one. Abacha abolished all democratic structures at the state and federal levels, disbanded the National Electoral Commission (NEC), banned the two political parties and set up the Provisional Ruling Council (PRC). Then, he promised to hand over to Abiola. He failed to keep the promise. Credible progressive leaders, who accepted ministerial appointments, were trapped in the administration. The military Head of State later initiated a self-succession plan, which collapsed when he mysteriously passed on.

    Abiola was detained, following his self-declaration as the President. He was held incommunicado. The Head of State, Gen. Abdulsalami Abubakar, who succeeded Abacha, did not release him from detention. Few days after Abacha died, Abiola also died in detention in controversial circumstance. His death in detention provoked outrage and condemnation. Human rights activists alleged that he was killed with style. The autopsy is still in the realm of conjecture. Twenty one years after, the symbol has not been immortalised by the Federal Government.

  • Clark calls for peace, unity

    Clark calls for peace, unity

    Elder statesman and Ijaw leader, Chief Edwin Clark, 96, has tasked Nigerians to ensure that the country remains peaceful and crisis-free in spite of its numerous challenges.

    Clark who spoke with the News Agency of Nigeria (NAN) Abuja on the 30th anniversary of the annulment of June 12 said Nigerians desire to live in a country that is peaceful, free from crisis, security and economic challenges, as well as low corruption level.

    Read Also: Okowa congratulates Edwin Clark at 96

    He said corruption in the country is too high and that government should declare a state of emergency on it. He added: “The rate at which corruption is going on in the country is terrible where every arm of government cannot be trusted.”

    The former Federal Commissioner for Information said no religion should be promoted over the others. He said: “When we were in the 2014 National Conference as elder statesmen, we made a lot of recommendations for the survival of Nigeria as a country.”

  • Nwite Foundation hails ‘decisive’ Tinubu

    Nwite Foundation hails ‘decisive’ Tinubu

    The Executive Director of the Senator Polycarp Nwite Foundation for Democratic Accountability (SPNFDA), Mr. Michael Nwite, said he is convinced that President Bola Tinubu, being one of those who fought for the enthronement of democracy in the country, will be bold and decisive in policy formulation and implementation to guarantee democratic dividends for Nigerians.

    Read Also: Democracy Day: Tinubu will deliver dividends of democracy, says Gbajabiamila

     Nwite said this is because Tinubu “is not only conversant with the democratic principles, norms and nuances but is also willing and courageous enough to lead Nigeria to the future that would abhor divisiveness, nepotism, as well as ethnic and religious bigotry.  He added: “The tough decisions President Tinubu has made right from his first day are indicative of a President who will lead from the front and make tough calls for the overall good of the people. “Nigeria deserves a leader that will be bold and decisive in policy formulation, implementation and declarations that guarantee democratic dividends and accountability to the Nigerian people.” The foundation was named after the late Third Republic Senator Polycarp Nwite.

  • Keep faith with democracy, Obaseki admonishes Nigerians

    Keep faith with democracy, Obaseki admonishes Nigerians

    Edo State Governor, Godwin Obaseki, has admonished Nigerians to keep faith with democracy, despite setbacks experienced in the country’s democratic sojourn.

     Obaseki, yesterday in a press statement to commemorate the 2023 Democracy Day, hailed the resolve of Nigerians to work collectively for the advancement of democratic ideals.

     He said: “As we mark this year’s Democracy Day, it is imperative to underscore the unwavering resolve of Nigerians to work collectively for the advancement of democratic ideals in our nation.

     “Despite the challenges faced, we have held strongly to the vision of our forebears to build a united and strong nation that presents an opportunity for all to aspire, dream and prosper without let, in a free society.

    Read Also: Obaseki raises minimum wage to N40,000

     “We have shown our preference for democratic rule, time and again, and I urge all to continue to play their roles in consolidating on our democratic journey.

     “Though we have experienced setbacks and challenges as a democracy along the way, I applaud the indomitable Nigerian spirit, because we have continued to trudge on and demand a more transparent, just and fair system. This is even as our faith in the merit and relevance of democracy grows stronger.”

    Edo governor also enjoined Nigerians to continue to keep faith with democracy and sustain the already-gathered momentum, so as to strengthen Nigeria’s institutions.

  • My Nigeria Air story, by Sirika

    My Nigeria Air story, by Sirika

    The controversy surrounding the Nigeria Air project deepened yesterday with former Aviation Minister Hadi Sirika alleging sabotage by some key industry players.

    Sirika specifically mentioned domestic airline owners and a former Chairman of the House of Representatives Committee on Aviation Nnolim Nnaji, for causing the delay in the national carrier’s takeoff.

    He claimed that while the airline operators under the aegis of Airline Operators of Nigeria(AON), begged him to truncate the project, Nnaji demanded a five percent equity in the project as a precondition for the support of the House committee.

    The Minister claimed that his refusal to acquiesce to the demand must have made Nnaji describe Nigeria Air as a fraud.

    Sirika also said that only N3 billion out of the N5 billion budgeted for the project was released to the Aviation ministry.

    The N3 billion, according to him, was meant for the acquisition of offices, payments of consultancy fees,  workers’ salaries and processing of Air Operators ‘ Certificate (AOC).

    Sirika also dissociated the Federal Government and himself from the hiring of an  Ethiopian Airlines Boeing 737 aircraft which was unveiled at the Nnamdi Azikiwe International Airport on May  28 as the national carrier. The aircraft, which bore Nigeria Air’s colour and logo, flew back to Ethiopia hours after the ceremony. 

    He stated these while being featured on a national television programme monitored by our correspondents.

    Sirika whose allegation was swiftly denied by Nnadi, explained that the promoters of the project flew in the aircraft to show to Nigerians and industry stakeholders what Nigeria Air would look like. 

    The former minister said he made a recording of his conversation with   Nnaji, whom he alleged did not do a thorough job as a House committee chairman.

    He explained that he was only invited to the unveiling of the aircraft a few days before the curtain drew on the Muhammadu  Buhari administration. Sirika said it was during the event that he announced that Nigeria Air would take off after the issuance of the   AOC by the Nigerian Civil Aviation  Authority (NCAA).

    He claimed that there was nothing fraudulent or secret about the process leading to the naming of preferred bidders and equity partners for the national carrier.

    Sirika said the fears of the local carriers were unfounded as they were invited to participate in the bid processes.

    Sirika made direct reference to one of the  AON leaders whom he alleged visited him when he was indisposed and pleaded with him to truncate the setting up of Air Nigeria.

    He put the investment value of Nigeria Air at  $200 million.

    Ethiopian Airlines, according to the former minister,   was to pay 49 percent of the $200 million.

     and  Federal Government, five percent; The remaining 46 percent was to be taken up by  SAHCO Plc and MRS.

    Sirika explained that    Federal Government was not paying any cash as the five percent was to be converted in kind to the services and processes it had so far contributed to the project.

    He said that the industry players peddling figures that over  N53 billion had so far been spent on the national carrier were distorting facts.

    His words:” The whole process is open for investigation. There was nothing shrouded in secrecy about Nigeria Air. To put it in perspective,  only N5 billion was budgeted for the project,  out of which only N3 billion was released.  We have not even utilised the entire sum.  People peddling information that over N53 billion has been spent on the project keep muddling the issues. They can go to the relevant agencies of government to find out.”

    The former minister said it was curious that some local carriers have stakes in foreign carriers were challenging   Federal Government’s efforts to birth a formidable national airline.

    He accused local carriers of lack of capacity on designated international routes, saying they do not have any moral right to be uncomfortable with the government’s decision to rescue the Aviation industry.

    “The structures of these airlines opposing the national carrier are not sustainable.  Imagine out of the over 130 airlines so far registered in Nigeria, less than 10 are in active flight operations.”

    Sirika argued that some airlines hugely indebted to the Asset Management Corporation of Nigeria (AMCOM), could not have been converted to a national. carrier because of litigation and other challenges.

    He said that the Nigeria Air project was on course as it had already scaled beyond the Phase One stage of its AOC issuance by the NCAA.

    Sirika said anytime the promoters are through with the AOC processing,  the Ethiopian Airlines aircraft used for the  Nigeria Air unveiling would return to begin scheduled flights.

    Read Also: Nigeria Air: Why EFCC must probe, prosecute<br>Sirika, Emefiele, others, by APC chief

     He added: “On the aircraft that was flown in, neither myself nor the federal government was directly involved.  It was a marketing strategy that the partners of Nigeria Air Limited and Ethiopian Airlines carried out that exercise to market the project to the industry.

    “ The aircraft did not take revenue passengers out of Nigeria as some people are making us believe. It had to return to Ethiopia pending when the air operators certificate is issued by the Nigerian civil aviation regulator.

    “ We do not want to keep the aircraft on the ground when the relevant processes had not been completed. “

    On the court order directing that the project be stopped till a suit by the AON is determined,  Sirika said the   Aviation ministry had made frantic efforts to vacate it (order).     

    He said:” It is not in my place to determine whether there was contempt of court or not. Our legal counsel is in the best position to report to that.

    The former minister also clarified that the government had withdrawn the 15 years tax moratorium proposed for   Nigeria Air operations.

      ”We thought there should be a level playing field for all carriers.  There was going to be no preferential treatment given to the national carrier. The fear by local operators is unfounded,” he said.

    Nnaji, who swiftly reacted to the allegation again him, described Sirika as a “drowning man “ desperate to defend himself.  He challenged him to tell Nigerians the truth.

    “It is not strange that Sirika came up with this spurious allegation against my person because l remained consistent in demanding that he followed due process.

    “He should not deviate from the subject matter. Let him tell Nigerians the truth about the contraption he sold to us as Nigeria Air.  Nnaji is not his problem,” the federal former lawmaker said in a statement.

    Meanwhile, the  Arewa Youth Consultative Forum (AYCF) has called for the immediate arrest of Sirika over his role in the  Nigeria Air scandal.

    It said in a   statement by its  National President,   Yerima Shettima, said that Nigeria was not a Banana Republic where everything should be allowed to go.

    The statement reads partly:” President Bola Ahmed Tinubu has already started demonstrating that it is no longer going to be business as usual in Nigeria, he should also go a step further by giving an immediate order to the anti-graft agency to bring Former minister of aviation, Hadi Sirika to book to serve as a deterrent to others going forward.

    “The action of Hadi Sirika amounts to deception and breach of trust that should not go unpunished, He must be made to face the law, particularly in the face of absolute disregard to the rule of law and the entire justice system by proceeding on the unveiling against the order of a competent court of law.

    “This national embarrassment and waste of resources incurred on the country would have been averted if he had listened to advice, yet Hadi Sirika went ahead knowing it was a charade, to deceive Nigerians.”

    AYCF  said it would sue the former minister if that the Economic and Financial Commission (EFCC) failed to arrest and prosecute him.

  • Emefiele’s exit… and the fireworks that heralded his suspension

    Emefiele’s exit… and the fireworks that heralded his suspension

    A stitch in time, an adage says, saves nine. For the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, a voluntary exit from the scene with former President Muhammadu Buhari would probably have saved him all the troubles. Now that his day of reckoning has come, he needs to be held accountable for all past mistakes or misdeeds of his former office, write SIMEON EBULU, MUYIWA LUCAS and COLLINS NWEZE

    For Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), his current travails were foretold; he didn’t need any prophecy from whatever quarters to know that trouble was lurking in the corner. The most surprising thing to most people, however, was that he missed a golden and honourable opportunity to quit the stage with his erstwhile principal, President Muhammadu Buhari on May 29, 2023.

     By offering to stay on beyond the exit date of the former President, he inadvertently exposed himself to this avoidable ridicule and helpless web that he now finds himself. Emefiele, the suspended CBN boss, is not yet before the crucifix; far from it. He has a lot of leverage to fall back on, no doubt whatsoever, but it’s certainly not going to be a pleasant experience for him; nor a good narration for the country’s CBN Czar, who ought to be retiring to a well-deserved rest, having served as the country’s Central Banker for almost two terms of five years each, save for just 10 months. Many think his strategy failed him and beclouded his sense of reasoning.

     For the most part and nearly over the nine years that Emefiele was in the saddle, he was credited for initiating and shouldering the key components of the economic thrust of the Buhari administration. His brief, though limited to monetary policy and interest rate determination, he was, nonetheless, active, most times in driving fiscal policies as well. His push for expanding the productive base of agriculture through the Anchor Borrowers’ Programme (ABP) saw to the increase in rice production mainly, and other staple foods, readily came to mind. The effectiveness and the long-term impact of the CBN intervention in the agriculture sector were checkmated by the later-day activities of herdsmen and the general state of insecurity that pervaded most parts of the country, most especially in the Northern part of the country.

     Next to agriculture, were several other interventions in critical sectors of the economy, including manufacturing, entertainment, aviation, and funding backward integration efforts, that were intended to indirectly influence the cost of production for firms and impact positively on prices by improving the flow of credit, or funds. However, there are arguments and divergent views on how the CBN under Emefiele handled its core area of monetary matters, including the interest rate regime and foreign exchange management.

     For years, even before the onset of his tenure, on June 3, 2014, there were concerns raised by well-informed segments of the society, among them industrialists, manufacturers, bankers, parents with wards studying overseas and the like, about the CBN’s foreign exchange multiple rates regime and the rising cost of money occasioned by high-interest rates charged by commercial banks. While it is difficult to explain why these concerns lingered and remain unresolved, one cannot rule out the Nigerian factor, which always tends to circumvent the rules of the game, and most especially the recent global negative overwhelming impact of COVID-19 pandemic which literarily rubbished all governments’ efforts to grow their economies.

     Given the parlous state of the economy currently, where over 85 per cent of the country’s revenue is devoted to servicing its debts, both local and foreign (put at N77 trillion), coupled with the high expectation of Nigerians on the new government of President Bola Ahmed Tinubu to turn the fortunes of Nigeria for the better, it was no surprise, therefore, that something has to give way for the desired change to manifest. Emefiele’s foray into politics and the CBN’s subterranean moves to effect a currency redesign could be seen as the last straw that may have broken the camel’s back and exposed him to his present predicament.

    Mixed reactions trail Emefiele’s suspension

    The Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, said the suspension of Godwin Emefiele did not come as a surprise. Yusuf, an economist, told The Nation at the weekend that given that the monetary and foreign exchange policy thrusts of President Tinubu’s administration is at variance with the policy disposition of the CBN under Emefiele, the suspension was just a matter of time. “President Tinubu was very clear in his inaugural speech about his resentment of some current CBN policies such as the multiple exchange rate and the Naira redesign policy.  The President also hinted at a house-cleaning plan for the CBN.  It is impractical to reform the apex bank and review some of its major policies with Emefiele remaining on the seat as Governor,” Yusuf said, adding that it is therefore logical that the CBN Governor be advised to proceed on suspension.

     Yusuf further explained that the CBN under Emefiele had presented a compatibility issue between the apex bank and the present administration, thereby making the parting of ways inevitable. “The truth is that there is a major compatibility issue. The parting of ways was inevitable,” additionally,” “the brazen involvement of the CBN Governor in partisan politics was an aberration and most unbecoming. It was damaging to the credibility of the CBN and the reputation of the Governor himself.”

     The Managing Director of Economic Associates, Dr Ayo Teriba, said the appointment of the Acting Governor to lead the CBN affords the opportunity to reflect on what lessons from the preceding regimes can teach the country about the next five years. He said Emefiele, a dedicated banker, both by training and nearly three decades of assiduous professional practice, was made to lead a CBN Board on which there is currently no economist, and a Monetary Policy Committee (MPC) on which only a couple of the part-time members are economists.

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     “While one cannot question the collective wisdom of former President Goodluck Jonathan and the 109-member Senators in nominating and confirming Emefiele for the role, one must point out that the technical expertise required for the Board of the CBN and the MPC to confront contemporary global economic and financial complexities and translate them to growth, employment, price, exchange rate and financial stability outcomes for Nigeria, cannot be currently assumed to exist within the CBN,” he said.

     He said both the Board of the CBN and the MPC are now populated by lawyers, accountants, bankers and/or stockbrokers. “None of the current members of the Board of the CBN, or the full-time members of the MPC has any track record of writing to publicly articulate any aspect of monetary policy,” he said.

     The Nigeria Country Representative of the European Organisation for Sustainable Development, Jide Akintunde said the fact that the last two CBN governors have failed to complete their legal tenures of office, is a cause for concern. “This trend must end with Emefiele’s suspension. How to ensure this is simply a function of who is appointed as the next substantive governor of the apex bank. It is at the point of the appointment that we miss the road and end up with the inevitability of removing the CBN governor,” he said.

     On the impact of Emefiele’s suspension on the exchange rate and economy, Akintunde said the suspension of Emefiele will send conflicting signals to the Nigerian market participants. Fundamentally, this suspension will, by itself, not make much impact. What would be impactful, over the medium term, is what follows from here and who is announced as the next substantive CBN governor.

     “I am concerned that President Bola Tinubu – much like his predecessor – may be seen to want to predetermine the reform that is necessary at the CBN. No matter how well-intentioned he may be, this is a problematic approach. Political influence on monetary policy is not going to reassure investors. After a short period of hurrah – which may see the naira marginally appreciate and a brief surge in Nigeria’s main equity index – the excitement will not sustain itself. We will start to deal with the perception of executive influence over monetary policy. Foreign investors would greet such ‘reform’ with circumspection,” he said.

    Akintunde said that to reduce the period of wait-and-see attitude about the financial markets and the economy, a new CBN governor-designate should be announced as soon as possible. The timing of the resumption of such an appointee requires a combination of political and technical solutions. On who should be the next CBN governor, Akintunde said the next Governor of the CBN should be someone who is unlikely to be removed before the end of his tenure. But this simple characterisation throws up many important requirements that are discernible from our experience since 2009.

    “First, the next CBN governor should be temperamentally fit for the office. We need someone who would focus on doing the job professionally. Two, we should avoid appointing someone who would be transactional, rancorous, and predisposed to conflict of interest. This means such an individual should not be a former private-sector banker. Three, and perhaps, most importantly, the individual should be an intellectual (a necessity for good policymaking) and combine senior-level experience in local and international institutions. If such a candidate has experience in policy-making – especially central banking – that would enable him or her to be ready-made for the job from day one,” he said.

     Former Executive Director, of Keystone Bank Limited, Richard Obire, said Emefiele’s suspension would not have come as a surprise to keen watchers of the political-economy space. He said some, maybe many, hold the view that he got a bit too involved in politics mainly due to his desire to run for the office of President. “Some felt his Naira Redesign Policy was badly implemented because it was targeted more at achieving some political aim rather than sensible economic goals. The new President has hinted at his desire to see a unified exchange rate to remove damaging distortions in the foreign exchange market and draw in forex inflows,” he said.

     According to Obire, that will be a key expectation of the successor to Emefiele. He explained that current inflation at about 22.22 per cent is high and could go higher with the recent fuel price adjustments and likely wage increases. “Policies to moderate inflation and achieve macro-price stability will be another expectation of the new CBN Governor. A third expectation will be to see interest rates come down and stabilise. The Monetary Policy Rate currently at 18.5 per cent, indicates that the best borrowers will be paying about 20.5 per cent. Most SMEs will be borrowing at much higher rates. This is not supportive of production to drive output and jobs,” he said.

     On the impact of Emefiele’s suspension on the exchange rate, Obire said: “I do not see it having any effects. Only a move to unify the exchange rates will change the dynamics towards the weakening of the Naira, at least in the short term until supply increases.”

     On his part, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON) Alhaji Aminu Gwadabe, said power is transient, and should be used to better the lots of the people. According to him, the Bureaux De Change (BDCs) faced very severe regulatory challenges during Emefiele’s tenure, which can be reversed by the current leadership. Reconsider restrictions on BDCs operations and open up the forex space for more dollar inflows.

     He said: “Godwin Emefiele has both his weaknesses and strengths which will be subject of public discourse as we wish him well in his future endeavours. In every change, there is always an expectation of triggers of sentiments. I, however, foresee positive sentiments in the exchange rates trajectory. We also congratulate the Acting Governor on the new appointment. I have no doubt that he will perform, given his sterling qualities at the Nigerian Interbank Settlement System (NIBSS) as Managing Director/CEO.” Gwadabe said the Acting CBN Governor should use his wealth of experience to usher in confidence in the foreign exchange market.

    But Dr. Olisa Agbakoba, renowned human rights lawyer and activist, has faulted the Department of State Service (DSS) on its role in the arrest and detention of Emefiele.

    The experienced rights activist said as long as there was no issue of security surrounding why the former CBN governor was arrested, the state secret service had no business with his arrest and detention. Taking to his Twitter handle yesterday, Agbakoba said he had no issue with the suspension of the erstwhile CBN boss, admitting that the suspension did not come to him as surprise but questioned the constitutional framework under which the DSS got involved.

     He highlighted that the constitutional role of the state secret service remained internal security, saying unless there is an issue of security, the involvement of DSS in the Emefiele issue was unnecessary. Agbakoba twitted: “The suspension of the Governor of CBN @cenbank from office is not a surprise as his tenure was way beyond monetary policy. But confirmation by DSS @StateDeptDSS that Governor Emefiele is in its custody comes as a shock. The statutory role of DSS is internal security and I shudder to think what role DSS will play in this matter. The rule of law says it all. Can the relevant agency responsible for Governor Emefiele step forward but this excludes the DSS unless this has security implications,” he said.

  • No better time to remove petrol subsidy than now, says Okocha

    No better time to remove petrol subsidy than now, says Okocha

    A former Local Organising Committee (LOC) Chairman of Tinubu Presidential Campaign Rally in Rivers State, Tony Okocha, has hailed President Bola Ahmed Tinubu for displaying uncommon courage in removing fuel subsidy to save the country’s economy.

    Okocha, who addressed reporters in Port Harcourt, the Rivers State capital, said there is no better time to take such a crucial action than now.

    The National Chairman of Protocol/Logistics Committee to the APC Presidential Campaign noted that President Tinubu has shown that he is ready to sanitise the nation’s business landscape by ending the subsidy regime on his inauguration day.

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    He added that fuel subsidy was only beneficial to just a few Nigerians, particularly some oil marketers who fed fat on the funds to the detriment of critical social amenities and infrastructural facilities, such as healthcare, roads, schools, among others, which the nation badly needs to develop.

    Okocha said President Tinubu’s “smart” moves indicated that he was prepared for the office, adding that he understands the challenges and the steps to take to rebuild the economy and set the country on the path of progress.

    Reply, Reply All or Forward

  • Experts back full deregulation of energy sector

    Experts back full deregulation of energy sector

    Ongoing reforms in the energy sector will spur a national economic renaissance and create enabling environment for the achievement of Nigeria’s socio-economic goals, some experts posited at the weekend.

    In a statement released yesterday and signed by its president, Mrs. Funmi Ogbue, the Women in Energy Network (WIEN), threw its weight behind the determination of the President Bola Tinubu administration to activate the relevant sections of the Petroleum Industry Act 2021 that relate to market reforms.

    The advocacy group noted that the sensitive points in the reform process include removal of fuel subsidy, deregulation of retail prices and liberalization of play.

    Urging Nigerians to support the reforms, the group pointed out that the socio-economic benefits far outweighs the momentary pains and shocks that will accompany the reforms.

    According to WIEN, the emerging commercial competitiveness in the market will undoubtedly spur local and international investments in country’s Decade of Gas programme, boost production of new energy forms and solidify Nigeria’s position in the global movement towards low carbon energy.

    It said: “The overall economic benefits in terms of employment, patronage of local goods and services, and ancillary small and medium scale business opportunities would far outweigh the poorly managed fuel subsidy which has created more damage to the economy and actually caused more suffering to the people.”

    Established in 2020, WIEN is a platform for women that work across the energy industry value chain; to network and build confidence and links to progress their careers or businesses.

    The group said it was excited at the enthusiasm of Tinubu to carry out urgent reforms in the critical sections of the economy, which shows that he was prepared and determined to steer the country into the paths of rapid recovery and accelerated growth. 

    WIEN, however, noted that given the poverty level in the country and the strategic economic role of petrol in energizing homes and small businesses in the country, the polarisation of standpoints among stakeholders on the ongoing market reforms is understandable, normal and expected.

    The statement reads: “WIEN gives sufficient consideration to the pains and shocks that will inevitably accompany the ongoing reforms in the market, especially with the fuel subsidy removal. We are convinced that the decision to permanently address the subsidy imbroglio is well intentioned and purposed to cause the much canvassed reforms in the market.”

    “The emerging domestic fuel market is the expected result of over 20 years of strong advocacy mounted by all stakeholders in the economy to dismantle public sector monopoly and guarantee broader opportunity for viable investments in providing the Nigerian business environment with wide ranging fuel options for home, social and business application.

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    “Deregulation of market prices and liberalization of supply which are key prizes of the ongoing reforms will provide the highly needed congenial atmosphere for implementation of stalled programmes aimed at availing the economy new energy choices like natural gas products for transportation, power generation and industrial application,” WIEN stated.

    According to the group, a deregulated and liberalized domestic fuel market will save money for government, enhance price competition, promote service efficiency, phase out perennial fuel scarcity and expand the capacity of the market to absorb more investments.

    WIEN believed that Nigerians need more opportunities and ambient business environment than they need subsidies to thrive, noting that this maxim has been demonstrated by the large number of Nigerian youths who have migrated out of the country and succeeded in foreign lands where they are not direct beneficiaries of social security cover.

    “We therefore appeal to our Nigerian compatriots to be calm and supportive to the new government as it sorts through strategies to deliver the best economic dividends from the country’s petroleum resources.

    “For instance, reapplication of the poorly managed fuel subsidy funds to creation of enhanced social services, development of facilities and infrastructure and enhanced electricity supply will yield greater impact in the social economy.

    “We believe that deregulation and liberalization are the only way forward for the domestic fuel market in view of the prevailing circumstances. We also call on government to quickly put measures in place to urgently deliver the realisable social and economic dividends of the market reforms to alleviate the impacts on the people.”

    The group however called on the government to hasten the market transition process and shorten the time for delivery of convincing quick wins to the people, urging the relevant agencies of the state to collaborate with industry stakeholders to fine-tune the emerging regulations in order to weed out all remaining impediments to fair play and best market practices.

    The advocacy group pointed out that the emerging market regulations must necessarily address grave concerns about discriminatory foreign exchange rates, creation of market supply oligopoly, huge demurrages at import reception ports, and barriers to new market entrants, especially women.

    “With the new vista of commercial opportunities opening up in the domestic fuel market, we call on all capable ladies in the country to pick up the gauntlet and explore investments in the downstream petroleum industry. WIEN is convinced that more women in the industry will come with greater regulatory compliance especially on health, safety and environment standards. Safety and forecourt standards are natural to us.

    “We therefore see the ongoing market reforms as first opportunity for the new administration of the federal government to launch off its gender diversity plans in the industry by easing entry processes for women seeking to participate in providing the economy variegated energy forms through the market,” WIEN stated.