Category: Commentaries

  • Waiting for Noah’s Ark

    Waiting for Noah’s Ark

    By Banji Ojewale

    When God could no longer stand the overthrow of the good order He established on earth, He stepped in with the Noah Ark solution. The upset Creator said since man had allowed his depravity to flush out His benignity, He would respond with a heavier rain flood to wash away man and his iniquity. But not all earthlings would go; some humans, along with pairs of the lower primates, would be sheltered in a huge vessel to be constructed by a good man called Noah. He and some members of his household together with the animals would take refuge in the boat during the deadly deluge. The storm did come, sweeping off evil men and women and the children and youth who took after them.

    Today, more than 5000 years after that Divine Judgment, many in our midst worry that Nigeria has also slid into a satanic cul-de-sac which is bringing back pictures of the days of Noah that only a deus ex machina can address. My compatriots aver that there isn’t any difference between the spectacles of evil they encounter day by day now and what records say of the wickedness of Noah’s era. There was man’s inhumanity to man then. There is, also, today. There was animalistic cruelty that prompted the punitive tide. In the ‘civilized’ Nigeria of our time, there have also arisen stone age vices and immorality several shades and grades higher than what Noah’s generation gave the world. Some are the stuff of surreal fiction.

    Whole communities are overrun and torched by bandits for unexplained reasons. In the name of religion, tribe or politics, scores of men, women and children are killed in mindless bloodshed. Worship centres aren’t spared; when gunmen hit congregants, they leave apocalyptic scenes behind. Kidnappers rule the land, seizing the high and the low and becoming bewilderingly rich from humongous ransoms. How about ritual killings, aka yahoo-yahoo? Friends, business associates, relatives, neighbours, couples, students etc. are all active in the heinous trade of seeking instant prosperity through harvesting of body parts. So-called religious leaders defile their hands and offices with a craving for filthy lucre as they liaise with demons for mammon. Religion is merchandise for them. And like Pied Piper of Hamelin, these godless principals are breeding a huge followership of kindred spirits. Land disputes take on sanguinary turns and twists between families with a heavy human toll that has impoverished communities and aggravated our underdevelopment. So-termed unknown gunmen straddle the entire landscape, forming formidable parallel gangs dreaded by conventional troops. They strike at will.

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    Those who are expected to halt this light-speed crime trajectory, the security paraphernalia, are hapless, helpless and hamstrung. How? Sometimes the non-state felons outwit the state dramatis personae with superior firepower made possible by poor funding for the acquisition of sophisticated weapons for the latter. The factor of enfeebled morale in the ranks of our gallant security operatives must also be taken into account. At other times, we have fifth columnists who connive with the anti-social elements to wreak havoc on us. The education sector isn’t giving learning to uphold integrity; it is at its nadir as it releases products baked in the heat of sexcapades between pupils and teachers.

    Finally, we have the political class and the elite contributing their quota to the crime and corruption scenes. They allocate to themselves the heavy weight of the wealth of the country. They have the resources to gift hundreds of legislators N160m plus SUVs each, all costing a princely N57.6b. There’s room to vote N21b palatial mansion for Nigeria’s vice president in Abuja. But we don’t the funds for a living wage for the producers of the nation’s wealth. We can also afford hefty ‘security vote’ for the  executives and their deputies. This is repeated in the council administration. Now, these are unconstitutional appropriations, according to a Senior Advocate of Nigeria, Robert Clarke. He declared in a newspaper interview in 2016: …the question of security vote has no basis in law. When you look at the history of security vote in Nigeria you will not find anywhere in the 1999 constitution that allows security vote to be enjoyed by anybody.’’

    Together with their salaries, these political office holders inflict a heavy fiscal burden on the nation’s treasury, cueing Prof. Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria, CBN, to ask for a 50% cut in the salaries and allowances of Nigeria’s political office holders. Hear the economist: ‘’Despite the hardship…the country’s governance culture encourages extravagance among political leaders and appointees…We have to cut… salaries…It would make people a bit more sober. It would make them understand that we are in hard times… Nigeria’s governance culture puts self-service above people-service.’’

    We can’t but blame deaths resulting from miserly-funded healthcare facilities and accidents on bad roads on rulers who embezzle monies meant for such projects.

    This deployment of the nation’s substantial wealth to service the extravagance of a few has prevented the economic development of the majority, triggering insecurity, instability and impoverishment. The vexatious levels of criminality, impunity and corruptibility are due to the nation’s inability to provide the basic needs of life to the overwhelming majority of the population. The oasis of the opulent few tells the others not to believe leaders who preach sacrifice and tightening of belts. They reason that something isn’t adding up. So they go into crime to, as it were, add things up, to help themselves. Of course, this line of reaction destabilizes the polity the same way the activities of the greedy and grabbing ruling class unseat good governance.

    Recently, when fellow citizen Misbahu Ahmed and I discussed Nigeria’s sunken state of affairs with the egregious erection of a multibillion edifice for the vice president right in the midst of the penury of the people sparking our online chat, he was so miffed he suggested our entire climate had returned to the evil days of Noah. We need a waterfall, he proposed, to cleanse the stench of government insensitivity and corruption. Misbahu wasn’t talking of a mammoth ship to save us from the floods taking over our land due to years of visionless demographic planning and graft. He meant a gale that would overpower and arrest those subduing the poor and denying them God’s gifts of basic right to education at all levels, access to sound healthcare, living wage, modern roads, potable water, modern housing, welfare benefits for the vulnerable and unemployed, security, adequate power supply nationwide, jobs for our teeming youth etc. The boat would be to preserve those who refuse to join the maddening crowd who rape the land, for it must be expected that a just God would offer them due reward for their unflinching patriotism.

    •Ojewale is a writer and journalist in Ota, Ogun State.

  • Time is of the essence, Mr. President

    Time is of the essence, Mr. President

    Sir: The pace at which the Tinubu-led government is moving to implement key proposed policies has been slow. Painfully slow. It seems the government is out of touch with the people’s frustrations. If they truly understood the public sentiment, they would recognize the growing impatience.

    The time for endless talk is over; people need to see action. The delayed decision-making on critical facets will have dire consequences if care is not taken.

    Take, for instance, the tax policy recommendations led by Taiwo Oyedele’s tax team. In October 2023, the committee came up with “20 recommendations for immediate reforms”-it’s been crickets since then!

    This committee was established almost a year ago to deliver actionable recommendations that would simplify tax compliance, reduce tax burden on businesses and boost economic growth. Today nothing concrete has been gazetted. There have only been sporadic updates.  Despite the urgency and high expectations that surrounded this initiative, the progress has been sluggish.

    What about the proposed new minimum wage? Has it fallen off the radar? Labour has expressed their frustrations, but now there’s silence. Is the government waiting for another strike, followed by more unproductive meetings? This cycle of strike-meeting-silence is becoming cliché.  This gives the perception that neither side prioritizes the well-being of workers

    Read Also: Tinubu appoints new board for Family Homes Funds

    Then there’s the consumer credit scheme. It seems policies are proposed, then there’s a lot of talk, and then silence. Last we heard, it was approved, but what are the next steps? How many people have applied? When will people start accessing credit to improve their standard of living? The government’s lack of urgency is damning. They seem to think they have all the time in the world, but a year has already passed.

    Consider agriculture as another example. The president declared a state of emergency on food shortages almost a year ago, yet there has been no coordinated response. There seems to be no concrete plans to improve food production or security. What is being done to reassess the food supply and distribution channels? What is the update on the touted commodity board to stabilize food prices? What are the plans to promote sustainable farming methods and enhance local farmers’ capabilities? The declared emergency seems to have lost its urgency. The emergency is no longer emergency-ing to borrow the street parlance.

    How many ministers are even active in this government? The answer, unfortunately, reveals a stark reality: only a handful can be identified as consistently contributing to their mandates. There is a concerning trend of inefficiency and inaction by numerous ministers which undermines this government’s ability to deliver on its promises. It seems there are many loafers, and it’s time for the president to wield the big stick, lest widespread complacency erode public trust in this administration’s ability to govern efficiently.

    The business of governance needs to commence in earnest. The honeymoon period is over, and Nigerians want visible actions.

    President Tinubu needs to understand that the situation on the streets is dire, and time is running out. One year has passed, and all we’ve seen is huffing, puffing, bickering, and inaction.

    It’s time to deliver on the promises that convinced some of us to vote for him based on his track record. Action, please!

    •Chiechefulam Ikebuiro,chiechefulamikebuiro@gmail.com

  • Obi and call for Kanu’s release

    Obi and call for Kanu’s release

    Sir: Recently, Peter Obi, the 2023 presidential candidate of the Labour Party, LP, asked the Nigerian government to release Kanu from detention. He stated this while speaking to reporters in Onitsha last weekend. According to him, “I don’t see any reason for his continuous detention, especially as the courts have granted him bail. The government must obey the court…we are in a democracy, and we should not be doing things that are arbitrary and not within the law”.

    This is not the first time Obi is calling for the unconditional release of Kanu. Under the Buhari-led administration, he asked that the government release the IPOB leader and stop the use of force in fighting the Biafra agitators in spite of the fact that these misled youths had taken arms against the state and had created a quasi-state within the nation.

    I think Obi is making a grave mistake in this his populist clamour for the release of Kanu who is undergoing trial for treasonable felony.

    First, it is a transparent untruth, as usual, for Obi to claim Kanu has an existing bail granted him which the federal government is disobeying.

    Read Also: Tinubu, APC salute National Secretary Basiru

    For the uninitiated, Kanu was arrested in 2015 when Buhari was in power. Some of the stakeholders from the eastern part of the nation intervened and he was granted bail on several conditions. He flouted the conditions and fled the country. About seven years later, he was arrested again in Kenya and brought to Nigeria to face trial. The Court of Appeal held in 2022 that the IPOB leader was extraordinarily renditioned to Nigeria and that the action was a violation of the nation’s extradition treaty and also a breach of his fundamental rights. On this basis, the appeal court struck out the terrorism charges filed against him by the government and ordered that he be released immediately.

    The government appealed the ruling of the appeal court by obtaining an order staying the execution of the court at the apex court. The Supreme Court reversed the acquittal granted to Kanu by the appeal court and ordered the continuation of his trail at the Federal High Court sitting in Abuja.

    Several bail applications by counsels to Kanu were dismissed by the court. So it is not true that there is any existing bail for Kanu the government is not obeying; Obi is not telling the public the truth.

    Secondly, Obi is not sympathizing with victims of Kanu’s purported orders as much as he is with Kanu being in detention. There is hardly no agency from the Nigerian Army, Airforce, Department of State Security, Immigration, Customs, Police, Federal Road Safety Corps, and Civil Defence, even the Ibos in the East, that have not fallen victims to the sabre-rattling of the murderous group. The gang have killed a lot of people in most atrocious and grisly ways. There was a video that went viral sometimes last year where they striped a military couple and cut them with knives like they were cutting beef.

    Recently, about five soldiers on security mission were murdered in Abia State in cold blood.

    Does Obi think about the untimely death of these military personnel who did not die in the hands of external aggressors, but in the hands of internal rascals aided by rhetoric from these so-called leaders of the movement? What about the family of the victims? Does he think if the man accused of instructing and aiding the killings of their family members serving the nation does not face the full length of justice, they will ever find psychological closure to the internal pain?

    What Obi should be calling for is justice to be served without prejudice; not unconditional release of Kanu. Apart from murder, treason is one of the highest crimes known to man in my own estimation. No state looks away while her security operatives are murdered without those involved facing some measure of consequences when apprehended.

    •Elempe Dele,Lagos.

  • We northerners are our problem

    We northerners are our problem

    Sir: The North, as a region, is being destroyed and made inhabitable for people, unattractive for investments and hostile to development not by anybody but its people.

    In the early 2000s, when the Islamic sectarian movement led by Mohammed Yusuf started preaching against Western education and influences and recruiting homeless and out-of-school children and youths in Maiduguri, Borno State, the northern governments and elite did not immediately show interest in curbing its activities. It was alleged that some politicians were even enlisting the nefarious services of the group to intimidate and harass their political opponents. This continued until the group which came to be known as Boko Haram became a cancerous monster carrying out assassinations and unleashing acts of violence on the people and government facilities.

    At the height of the conflict between herders and farmers over water and arable land in the North-central and some parts of the Northwest, the northern governments were reluctant to form a common ground and address the conflict head-on. Some religious clerics were taking sides and scheming to see the group they were sympathetic to triumph. This continued until the stick-wielding herders turned armed bandits became sophisticated and started abducting women and children, destroying farmlands taking control of large territories of lands and enforcing their rule.

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    Many northerners, besides direct victims of violence, remain silent or indifferent. Politicians and elites pursue the oil money of the south and amass enough to buy property in Dubai, and highbrow areas in Abuja and Lagos, fly their wives and relatives for pilgrimage and their children overseas for studies, caring little for the plight of the impoverished millions. Poverty is weaponized to blind and silence the people.

    Our lack of concern towards addressing this issue may stem from a generational seed of discord sown by those who oppose unity and progress. When people from different backgrounds unite to bring about positive change, it threatens the elite and politicians. They use religious clerics to stoke division and turn people against each other. Interestingly, there are more religious wars in Northern Nigeria today than anywhere in the world not because the people love God or piously abide by His dictates but because the politicians and elite in the region know that is the greatest weakness of the people, so they use it effectively for political and selfish gains.

    Although the federal government has not done enough to address the insecurity in the region and other regions, tackling insecurity and making the northern region habitable and attractive for investment can only be achieved with the absolute resolve of the people.

    •Jerry Obanyero, Esq.jerryobanyero@gmail.com

  • Generation Z and the future of society

    Generation Z and the future of society

    SIR: Generation Z, also known as Gen Z or Zoomers (1997-2012), exemplifies change more than any other generation. They have grown up in a unique era, shaped by the internet, social media, and significant cultural and societal shifts. Generally, popular opinion indicates that Gen Z comprises youths between ages 18 – 25, while Millennials are those between ages 26-42, and Gen Xers are between 43 and 55 years of age. Surprisingly, Gen Z is distinct from previous generations not just because of technology, as many believe, but also due to how they spend their time, interact socially, exert their energy, show their passion, focus their attention, and their attitudes towards religion, sexuality, and politics. Gen Z is arguably the most health-conscious, economically aware, academically inclined, socially creative, and technologically adept generation. Hopefully, the next generation, Gen Alpha, will continue this trend of change.

    Many technology-savvy Gen Zers are problem solvers in today’s world. Some of their inventions have greatly benefited the generation as a whole. These Gen Zers have also contributed to and continue to enhance the economies of countries through the invention of machines that improve efficiency and increase the Gross Domestic Product (GDP).

    Tech-savvy Gen Zers have invented bots and artificial intelligence to help students and individuals learn from the comfort of their smartphones, contributing to various aspects of life.

    Many are known for their creativity in virtual affairs, solving technical problems, and making life experiences easier. Their rapid growth in the digital age and technical knowledge is commendable.

    Though contestable, recent studies from investment companies indicate that Gen Z households are building retirement funds faster than past generations due to financial education shaping their spending habits.

    Read Also: Understanding Generation Z

    Gen Z has grown up in a challenging environment and developed a resilient mindset. This mentality is reflected in the contemporary “Cruise” philosophy, which some embrace to cope with modern challenges and hardships.

    Gen Z has been criticized for an excessive sense of self-importance, preferring to be perceived as their own boss, resulting in an inflated sense of entitlement and expecting things to be handed to them without effort. Some Gen Zers are seen as overly self-focused and narcissistic, prioritizing their own needs and desires above others. The constant bombardment of information and stimuli has led to a perceived short attention span and difficulty focusing on one thing for an extended period.

     The ease of access to information has led to concerns that Gen Z may not develop critical thinking skills, relying on surface-level knowledge rather than deeper thinking and creativity.

    Gen Z faces unique challenges and pressures contributing to anxiety, depression, and other mental health concerns, exacerbated by their virtual environment and isolated individuality. Their  constant connection to technology raises concerns about addiction, social isolation, and decreased face-to-face communication skills. This addiction can lead to using technology to harass, intimidate, and commit virtual atrocities.

    Gen Z has been criticised for being overly sensitive and lacking patience in adversity, showing disregard for traditional authority figures such as parents, teachers, and elders. Unlike previous generations, some Gen Zers prioritize wealth, influence, and popularity over meaningful achievements, sometimes resorting to fraudulent means to meet societal standards.

    Many Gen Zers seek shortcuts to success, avoiding the processes of life and opting for quick riches, often disregarding the potential consequences.

    Some in this generation show an unruly disregard for laws and protocols, with an “anything goes” attitude leading to substance abuse, casual sex, and a hook-up culture.

    These negative values oftentimes destroy them from within before affecting the outside world. These behavioural trends bear the potential to wreak havoc in society if not consciously and deliberately countered with their opposites.

    Engaging with them reveals that many convincingly progress in error without knowing, yet provide blind justifications for their moral and personal failings.

    • Adeleke Oluwaseyi James, <jamesadelek2014@gmail.com>
  • A coach for the national team

    A coach for the national team

    SIR: After a draw and a loss, making the Super Eagles’ chances of qualifying for the next World Cup dicey, Finidi George resigned his position as coach of the Senior National Team. Finidi was there for less than two months. Now Nigeria is again combing for who to manage the team.

    In a soccer crazy nation like Nigeria, everybody is interested in the performance of the national team. We all saw how Nigerians were united behind the team during the African Cup of Nations. That’s what footballing success means to Nigerians and whoever manages the national team is of concern.

    There is usually a foreigner-indigenous divide on who to manage the team. I believe that Nigerian football has since come of age and no outsider should coach the team again.

    To begin with, it is colonial mentality that everything foreign is better. It is the same attitude we bring to call ups to the national team in which players in the local league are never given a chance to be selected. How does one explain why the highest goal scorer of the NPFL doesn’t get an invite or that we have a goalkeeping problem and yet none of the 20 goalkeepers that feature weekly gets a mention?

    We have even gone further the drain by not only picking foreign-based ahead of the local to giving foreign-borns greater advantage in wearing the Nigerian jersey.

    Despite that no country ever won the World Cup with a foreign coach, or that the last three AFCONs were won by indigenous coaches and even that all the African teams that went to Qatar were led by indigenous coaches, those in the foreign coach divide will still sound louder than a vuvuzela in favour of a white man leading the Eagles.

    Another reason some people have completely written off local coaches is the allegations that indigenous coaches don’t have the clout to earn the respect of the professional players.

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    The indigenous coach is always under pressure despite taking the job in perilous times like we find ourselves now. A small hump on the round and we scapegoat him for a sack. Compared to his overhyped foreign counterpart that is treated like royalty and given all the perks needed for work including time that the local coach never have. That is why citing the successes of Clemens Westerhof or Gernot Rohr as yardsticks for foreign managers is unfair.

    What did Westerhof achieve in six years that Stephen Keshi didn’t surpass in two years?

    So now that Finidi is gone, how should the NFF go about the hunt for a coach for the national team? Instead of looking at the next AFCON or World Cup in choosing a coach, NFF should look at creating a football industry that will self-procreate coaches and players after its kind. They should look more intently at viable football nations that have taken World Cups and topping FIFA rankings for granted. These nations do so not just with indigenous coaches but with indigenous football.

    Indigenous football is simply having you own football style, football culture, football language and football DNA. The reason a foreigner will not even be considered to manage the Dutch national team, for instance, is not for patriotism, national policy or economic expediency but because the then manager of Ajax, Rinus Michels, had in the 1970s developed what we know as Total Football that is peculiar to the Netherlands. This is what Pep Guardiola built on when he took lessons from handball and other ball sports to evolve what that commentator that couldn’t keep pace with Barcelona’s endless passing called tiki-taka. Today Spanish teams, men and women of all ages, will pass their adversaries dizzy unto submission. It is why the Italians are evolving from their ruthless defensive catenaccio to a more positive and possession football just as European influence has made Brazil to change the rhythms of their Samba to rhyme with present realities.

    These nations are so enshrined in their respective footballing cultures that they hardly pick players outside their individual leagues to make up their national teams.

    Nigerian music can be identified globally, likewise Nollywood without “technical advisers”. Our football has come of age. Enough of hiring a Portuguese today, Dutch tomorrow or Franco-German the day after experimenting with our Eagles.

    • Ayodele Okunfolami, Festac, Lagos.
  • National development; a call to sacrifice

    National development; a call to sacrifice

    SIR: Is there any country on this planet that is free from challenges? All the continents are bedevilled by one kind of predicament or the other. From Europe to Americas, Africa to Middle East, etc., there is no longer any El Dorado in the world. Many people left Nigeria for other climes in search of greener pasture, many of them died in the deserts and sea, unceremoniously. Those who were lucky to reach their destinations got there only to meet even more complicated challenges there.

    In Europe, for example, the far-right political parties such as National Rally in France are winning elections.  These far right politicians such as Jordan Bardella are anti-immigrants. Any undocumented immigrant is not welcome. In the Middle East especially, UAE, Saudi Arabia, Jordan, etc. our women are subjected into servitude.

    And that even in diaspora, you are not completely divorced from the problems you fled from. Apart from difficulty of getting assimilated into the new environment they found themselves, there is always a problem in raising and training your children in accordance with your indigenous culture tradition and belief. This includes respect for parents and elders, eating habit, mode of dressing, language, eating habit, family solidarity, good neighbourliness etc.

    In the Middle East, we have wars not only between Hamas and Israel but Huthis and Hezbollah of Yemen and Lebanon are involved. Syria is in shambles and then Iran and Israel.

    Then we have a raging war between Ukraine and Russia. In Latin America and the Caribbeans, there is even no government in Haiti. The gangs are in control. In Columbia, the drug barons call the shots.

    So, there is no escape and no shortcut to run.

    Then what is the way forward?

    We must change our mind-set. Today, courtesy of globalization, the whole world is interdependent. A war between Ukraine and Russia or even change of power in U.S. and Europe could impact on the whole world as we are witnessing.

    Read Also:Unlocking the Niger Delta for national development

    Secondly, there is no messiah in the world. Peter Obi, an averaged politician who ruled Anambra like every mediocre politician cannot perform than president Bola Ahmed Tinubu. The noisemaking role he is playing since his failed presidential ambition is what is expected of a demagogue.

    And political horse-trading by tired old politicians scheming to wrest power in the next election cannot be equated with French Revolution or what Deng Xiaoping did to China.

    The only way forward is each and every one of us should rise and play his part as a citizen. To sleep and expect the few political office holders do the work cannot work. They can’t succeed if the rest of the citizens are not ready to make the necessary sacrifice.

    • Comrade Bishir Dauda Sabuwar, Unguwa Katsina.
  • Salaries and fraudsters

    Salaries and fraudsters

    It’s one thing to read about the scandalous salary fraud in the Federal Civil Service involving people who had relocated abroad but were still earning salaries. It’s another thing to read about one of such people.

    Head of the Civil Service of the Federation (HOCSF) Folasade Yemi-Esan said the fraud was discovered following a verification exercise that required everybody on the nominal roll who was receiving salaries to appear physically. The objective of the exercise was to stop the salaries of those who had left the service without proper documentation but were still earning remuneration.

    It’s unclear how long the discovered fraud had existed, and how many people were involved, directly or indirectly. Obviously, it could not have existed without collusion between those who fraudulently received salaries they never worked for and those who were supposed to ensure that such payments did not occur.

     She also said the number of people unlawfully earning such salaries was “more in the parastatals than in the core ministries.” But the issue is that such fraud should not have been allowed to happen in the federal ministries, departments, and agencies (MDAs) in the first place.

    Interestingly, a BBC report drew attention to the case of a Nigerian who relocated to the UK two years ago. The 36-year-old man, who works as a taxi driver in the UK, said he was still receiving N150, 000 monthly from a federal government agency in Nigeria without showing up at work.

    Read Also: Tinubu calls for punishment of civil servants receiving salaries abroad

    According to him, he didn’t resign from his position before relocating abroad “because I wanted to leave that door open in case I choose to go back to my job after a few years.” He said he was able to perpetrate the fraud because “my boss was a relative.”

    The exposure of the fraud attracted President Bola Tinubu’s attention. His position on the issue highlighted the circle of collusion.  He said: “The culprits must be made to refund the money they have fraudulently collected. Their supervisors and department heads must also be punished for aiding and abetting the fraud.” Both consequences should send a strong signal that fraud is unacceptable. The authorities must put the President’s words into action. 

    This discovery of fraud in the middle of reforms under Yemi-Esan shows that there is a need for more reforms in the MDAs. She has been credited with reforms towards improving civil service welfare. She must also introduce urgent reforms to ensure the prevention of fraud in the civil service.

  • Re: Exit, Finidi George

    Re: Exit, Finidi George

    Sir: Your robust editorial of Thursday June 27 about the quagmire the Nigerian male national football team has found itself as a result of the ‘utter confusion and seeming anarchy’ arising from the resignation of Finidi George refers. However, it is pertinent to review the list of the indigenous coaches that had little success with the national team.

    For the records, the late Shuaibu Amodu has no business in that list for the under mentioned reasons.

    As a nation, we have qualified for six world cup appearances and Amodu was involved in three out of the six successful qualification campaigns. He started the race for the 1998 World Cup before he was replaced by Frenchman Philipe Troussier who was later replaced by the ‘World Class’ Bora Milutinovic. The 2002 qualification was salvaged under his leadership together with the late Joe Erico and Stephen Keshi by pulling the ticket from the jaws of the disaster created by the Jo Bonfrere’s led technical crew. Amodu started and completed the 2010 qualification campaign before he was sacked as it happened in 2002 when he was replaced by Chief Adegboyega Onigbinde and Lars Largeback (who could not qualify Sweden for the 2010 World Cup) and of course those two World Cup appearances in 2002 and 2010 without the sacked Amodu remained our joint worst outings at the Mundial till date.

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    The late Shuaibu Amodu remains the only manager in world football that participated in three World Cup qualifications UNBEATEN and in addition to this unblemished record are the two podium finishes at AFCON in Mali 2002 and Angola 2010 with Bronze medals.

    Amodu remains one of the heroes past, the old national anthem was referring to, and it is expedient that his labour (though unpaid as the NFF still owes him till date) should not be in vain which was the focus of the enlightening editorial.

    •Opeyemi Ajala FCA,Lagos.

  • Cautious optimism as inflation rate slows

    Cautious optimism as inflation rate slows

    Sir: According to the National Bureau of Statistics, Nigeria’s headline inflation rate stood at 33.95% in May 2024, the highest level recorded in 28 years. However, there is a glimmer of hope as the month-on-month inflation rate has decelerated since March. The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, attributed this decline to the effectiveness of the bank’s monetary policy measures; which includes an increase in the benchmark interest rate. The World Bank, however, has expressed scepticism about the hike in the baseline interest rate taming the inflation. The private sector also raised concerns that it would lead to a hike in business costs in an already hostile environment.

    One of the significant factors contributing to the deceleration of inflation is the drop in the exchange rate from nearly N2000 to about N1500. Also, the country is gradually feeling the impact of the reduction in diesel costs, thanks to the production and sales of diesel by the Dangote refinery. Diesel cost is a significant expense for businesses due to inadequate power supply by the government.   The decline in the purchasing power of individuals and the increase in the benchmark interest rate by the Central Bank of Nigeria (which is aimed at slowing demand, has reduced household consumption. Consequently, businesses are cautious about passing on costs to consumers, with some reducing their prices of goods and services to maintain sales.

    When the new minimum wage is finalized and implemented, the CBN may need to raise the benchmark interest rate further to minimize the demand-pull inflation it could cause. It should be noted that the benchmark interest rate has its downsides, as it increases government domestic borrowing costs. Therefore, it should be a carefully considered process, especially in a country like Nigeria with very high debt servicing costs to revenue ratio

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    It is important to note that the impact of the new electricity charges is gradually coming to bear on the prices of goods and services. For example, many hotels have increased their bills, citing the new electricity tariff. Additionally, the recent depreciation in the naira in the last few days, signals that the battle against inflation may not yet be won. The government should ensure further decline is not experienced.

    Nigeria’s inflationary woes cannot be solved through the central bank’s monetary policies alone if Nigeria aims to achieve sustainable long-term results. The country needs to increase its revenue and improve its trade balance by aggressively diversifying the economy. Agriculture, solid minerals, and tourism are some sectors that have not been fully harnessed. Nigeria should boost its oil and gas production, get its refineries functioning, and deal with its insecurity woes as soon as possible. The role of the political will of those at the helm of affairs cannot be over-emphasised

    An improved balance of trade will result in a stronger and more stable naira; thereby reducing inflationary pressures.  An increase in agricultural activities will also result in a drop in food inflation. The prices of diesel and premium motor spirit will drop significantly, if the local refineries are operational, and crude oil is supplied to them domestically. This has a far-reaching effect on the price of goods and services.

    While the headline inflation rate in May 2024 is concerning, the month-on-month decline since March 2024 provides some encouragement. In order to tame inflation in the long term, a comprehensive approach is required. This includes further monetary policy adjustments, economic diversification, ramping up oil production, and addressing insecurity. The political will of people at the helm of affairs is a critical success factor.

    •Kenechukwu Aguolu  FCA, Abuja.