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South East Development Commission as path to economic revival
Last month, President Bola Ahmed Tinubu signed the bill establishing the South East Development Commission (SEDC) into law. First introduced in the National Assembly in June 2016, the bill aims to reconstruct and rehabilitate the region’s infrastructure damaged during the Nigerian Civil War of 1967-1970. This move by the Federal Government has been met with a mix of jubilation and anticipation, raising the question: what comes next?

Today, the SEDC presents a unique opportunity for regional integration and transformation in the Southeast. It holds the promise of addressing the infrastructure deficits that have long hindered the region’s development while also offering a means to heal the deep wounds left by the Civil War. However, for this promise to be fulfilled, several critical factors must be carefully considered. We need to assess whether the SEDC can indeed serve as the catalyst for the Southeast’s development, whether the challenges facing the region have been comprehensively captured within the SEDC’s framework, and, crucially, whether the financial provisions outlined in the law are adequate to bring about the substantial changes that the region desperately needs.

To start, the South East faces significant challenges. Recent data from the World Bank indicates that Nigeria needs to invest between $100 billion to $150 billion annually over the next 30 years to mitigate the national infrastructure deficit, with the South East requiring about $10 billion annually. Erosion remains a critical issue, with over 2,500 active sites displacing hundreds of thousands and affecting livelihoods. The National Bureau of Statistics reports unemployment and underemployment rates at 28%, slightly higher than the national average. Furthermore, the region grapples with heightened insecurity, partly due to secessionist agitation—a lingering effect of the Civil War.

The SEDC has the authority to address these challenges, and the economic potential of the region is significant. With an aggregate GDP of approximately $33.2 billion and a population of about 21.9 million, the Southeast ranks similarly to countries like Zambia and Cameroun in terms of GDP per capita, though it falls behind more diversified economies such as Kenya and Egypt. This highlights the need for focused development policies and investments.

The RRR (Reconciliation, Reconstruction, and Rehabilitation) policy was introduced by General Gowon’s government after the Civil War to address the destruction and suffering in the South East. Despite the commitments made to reconciliation, reconstruction, and rehabilitation, many promises were not fully realized due to limited resources, bureaucratic inefficiencies, and political complexities. The creation of the SEDC by President Tinubu’s administration represents a renewed commitment to fulfilling these long-overdue promises and aligns strongly with the Renewed Hope agenda.

For the SEDC to be truly transformative, it must have a clearly defined strategy for the short-term, medium-term, and long-term goals. In the short term, the commission might focus on vocational education, formalizing the Igbo apprenticeship system known as “Igba-boi,” and exploring the creative economy by investing in technology, the digital economy, and the sports ecosystem. These sectors offer immense opportunities for the region’s young and enterprising population. Proper planning and focused policy implementation will improve the region’s competitiveness, attract foreign direct investment and boost job creation.

Mid-term plans should lay the foundation for sustainable solutions. Currently, there is limited firsthand data to quantify the actual damage suffered by the region, and no comprehensive South East regional development plan exists. The SEDC’s establishment marks the first time since the Civil War that the region has been given the opportunity to drive its own development with full Federal Government support.

Read Also: South East Development Commission will tackle ecological problems in Igboland – Deputy Speaker, Kalu

To maximize this opportunity, the SEDC must consult extensively to guide the development of a long-term plan for the reconstruction and rehabilitation of the region. This exercise will inform the commission’s interventions in areas such as combating environmental degradation, rebuilding farm settlements, industries, markets, and housing in communities destroyed during the war. The medium-term plan should also consider commissioning feasibility studies for critical infrastructure projects like gas processing plants, regional multi-modal transportation systems, and agriculture value chain initiatives.

The long-term vision for the SEDC should focus on materializing these plans by building critical physical infrastructure to drive inclusive, sustainable growth and economic prosperity. This includes gas pipelines, interstate railways, a functional river port connected to larger ports in the South West and South-South regions, and new industrial parks and SME clusters.

President Tinubu has graciously assented to the bill, and the commission has been established with a clear mandate and provisions for financing its interventions. The next step is to appoint competent leadership to execute this bold initiative. The individuals entrusted with this responsibility should have a proven track record in development planning and public policy formulation, and they should foster strong partnerships at state, regional, national, and international levels.

The success of the SEDC will depend on robust collaborations with federal government agencies, host state governments, the private sector, and development partners. Innovative financing mechanisms, such as a possible South-East Development Fund – could attract investments from the capital markets, the diaspora, and other investors – to finance bankable infrastructure projects that yield substantial long-term returns.

The SEDC can draw valuable lessons from the experiences of other regional development commissions, such as the Niger Delta Development Commission (NDDC) and the North-East Development Commission (NEDC). Studying their successes and challenges will provide insights into best practices and potential pitfalls to avoid. For example, the SEDC must institute transparent and accountable project selection, design, execution, and monitoring processes to prevent issues such as abandoned or substandard projects.

President Tinubu’s administration has set forth a Renewed Hope Agenda, emphasizing economic recovery, national security, and social cohesion. The SEDC aligns seamlessly with this agenda, as it seeks to bring economic prosperity and stability to the South East. By breaking the jinx of a 54-year wait, President Tinubu has demonstrated his commitment to inclusive development and national unity. This historic achievement deserves great commendation, as it lays the groundwork for a more equitable and prosperous Nigeria.

The South East Development Commission holds the promise of a brighter future for the region. By addressing infrastructure deficits, promoting industrialization, and tackling unemployment and insecurity, the SEDC can unlock the region’s vast socioeconomic potential and drive transformative change for generations to come.

The SEDC is an olive branch and a beacon of hope. Let’s take it.
- Mark Okoye is a former two-time commissioner for Budget and Planning in Anambra, and the MD of the Anambra Investment Promotion & Protection Agency
August 16, 2024
Ogun’s search for progressive governance
- By Biodun Osinubi
Reading through the seminal treatise “Path to Nigerian Freedom” by the visionary Chief Obafemi Awolowo, one discerns the foundational tenets of progressive politics that have solidified his legendary stature, particularly in Southwest Nigeria. Since its publication in 1947, politicians have astutely leveraged “progressive principles,” embodying social justice and servant leadership, to garner electoral support. By associating themselves with Awolowo’s esteemed name, they appropriate regional identity and solidarity, tapping into his vast political capital.

However, a critical examination reveals a stark disconnect between their claims and commitment to the progressive politics paradigm. In Ogun State, Awolowo’s home state, successive governors have exploited his legacy to gain power, yet failed to emulate his exemplary leadership. The administration of Chief Olabisi Onabanjo, over 45 years ago, remains the golden era of civilian governance in Ogun State, a testament to the enduring impact of genuine progressive leadership.

In contrast, subsequent governments have fallen short of Awolowo’s ideals, betraying constituents’ trust. The question persists: how have these politicians remained true to selfless leadership, the paradigm for Nigerian progressive politics? The answer lies in their actions, not rhetoric. It is time to transcend the myth of progressivism.

Despite claims of progressivism, Ogun State continues to grapple with entrenched challenges: inadequate infrastructure, limited economic diversification, inefficient healthcare, subpar education, and pervasive poverty and unemployment. A nuanced examination of Ogun State’s gubernatorial legacy reveals a complex mosaic of accomplishments and challenges.

The Fourth Republic has witnessed a succession of leaders, each with distinct strengths and weaknesses. Governor Olusegun Osoba’s tenure (1999-2003) initiated laudable rural infrastructure development and educational enhancements, yet political intrigues and limited economic growth hindered his re-election prospects. Gbenga Daniel’s administration, marked by self-conceitedness, was marred by corruption allegations and mismanagement of goodwill, compromising his claim to progressivism.

Ibikunle Amosun’s tenure (2011-2019) was marred by a parochial approach to infrastructure development, authoritarian tendencies, self-aggrandizement, and unfulfilled promises, including public spats with purported fellow progressives. His frequent party-switching raises concerns about commitment to progressive ideals.

The current administration, led by Dapo Abiodun (2019-present), has focused on elite-centric infrastructure development, neglecting grassroots education and healthcare. The 250-bedroom hospital built by his predecessor lies abandoned, while efforts are directed towards constructing an international airport. Despite the “Building Our Future Together” mantra, challenges persist in delivering campaign promises and meeting citizen expectations. Abiodun’s political pedigree, having previously sought office on the People’s Democratic Party platform, further raises questions about his progressive credentials.

Read Also: Yayi 2027: Ogun West seeks East, Central support

Ogun State’s quest for transformative leadership remains elusive, as erstwhile leaders’ claims of progressivism have fallen short of the genuine spirit of Awoism and progressive leadership. The propensity for political party-switching betrays political opportunism, ideological ambivalence, and prioritization of personal ambition over collective interests, eroding public trust and credibility.

To achieve meaningful progress, politicians must embrace consistency, transparency, and accountability, prioritizing principled leadership, grassroots engagement, and long-term policy focus. Citizens must critically evaluate politicians’ actions, seeking congruence between rhetoric and reality.

Among the numerous politicians who identify as progressives, Senator Solomon Adeola, fondly referred to as Yayi, distinguishes himself as an exemplary leader who embodies transformative governance. While others may share similar aspirations, they remain unproven and thus untested. Although I have not had the privilege of meeting Adeola, most of my neighbours speak glowingly about him. I’ve also read through his impressive track record, suggesting unwavering dedication to the well-being of his constituents and impact on the communities he has served in both Lagos and Ogun states.

His leadership credentials and commitment to public service are truly commendable, and I am inclined to suggest that he deserves consideration for higher office. His experience and vision make him an attractive candidate for those seeking effective and progressive leadership.

Senator Adeola’s distinguished political journey, commencing at the inception of the 4th Republic, has been characterized by remarkable achievements and triumphs. His legislative expertise, exemplified by his pivotal role in fortifying the Lagos State Internal Revenue Service, resulting in a significant revenue surge, showcases his exceptional leadership acumen.

Throughout his tenure, Senator Adeola has consistently demonstrated an unwavering commitment to legislative reforms, championing bills that catalyse economic growth, educational excellence, and healthcare accessibility. His tireless advocacy for good governance, transparency, and accountability has earned him widespread acclaim as a champion of the people.

Empowerment initiatives, infrastructure development, and progressive politics have been hallmarks of his stewardship, embodying the principles of progressive politics. Notably, his sponsorship of the Federal Audit Service Commission Bill and advocacy for Lagos State’s special status underscore his dedication to progressive ideals.

If indeed he is interested in Oke-Mosan, Senator Adeola’s leadership promises a transformative era, cementing his position as a true adherent of Awolowo’s progressive politics. In an era beset by unfounded calumnies, Senator Adeola stands accused of prioritizing his constituents’ welfare by facilitating federal projects in his capacity as chairman of the Senate Committee on Appropriations. Is this truly a transgression worthy of censure? We must re-examine our values and recognize the merit in championing the needs of one’s constituents.

As Nigeria navigates the complexities of its future, Senator Adeola shines forth as a luminary, illuminating the path towards a resplendent tomorrow. His unwavering commitment to progressive ideals and vision remains unshakeable, transcending the confines of circumstance and birthplace. However, one notices that his gubernatorial bid, is understandably, beset with a sense of trepidation, akin to a traveller confronting uncharted terrain. Despite the conviction of his supporters in his transformative potential, buoyed by his philanthropic endeavours and exemplary track record, he exhibits caution.

Uncertainty beckons, casting a shadow of doubt. The entrenched hegemony in Ogun State presents a formidable challenge, intimidating potential contenders. His senatorial district, historically marginalized, has been denied gubernatorial representation for nearly half a century, fostering a sense of disenfranchisement. Furthermore, the spectre of internal opposition within his district looms large, posing a complex obstacle. The legacy of intra-district rivalry, particularly within Yewa, threatens to undermine his aspirations and they have accomplices across the two other districts. This historical dynamics fuel Senator Adeola’s apprehension, tempering his ambition.

Well, as he navigates this internal conflict, the senator must reconcile his desire for transformative leadership with the harsh realities of the political landscape. Will he summon the courage to overcome his reluctance, or will the complexities of the terrain prevail? Time will reveal his decision.
- Osinubi writes from Ososa-Ijebu Ogun State.
August 16, 2024
NNPCL and the sustained disinformation campaign
- By Tayo Williams
There is a steady and sustained dispensation of disinformation about Mele Kyari, the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited. But, what did Kyari do to upset the apple cart? Is he a victim of his success? What could he have done to offend those attempting to obliterate his catalogue of achievements, and hanging him out to dry as an economic saboteur?

The campaigns of calumny against Kyari are of frightening volume, velocity, and variety.

In the past couple of weeks especially, a deluge of disingenuous disinformation, dilettante opinion articles and editorials, blog posts, and even tweets has been unleashed, underpinning the consensus that ‘Project Batter, Bruise, Bash, and Boot Out Kyari’ is in motion and has become the sun around which the daily to and fro of the masterminds revolves.

Given his successful turnaround records in the NNPCL, it would have been easy to say that the masterminds are on a wild goose chase. However, a lie left unchallenged for too long may be taken as the Holy Grail.

The oil and gas industry is Nigeria’s cash cow and has churned out substantive and emergency billionaires. Before it transitioned into a limited liability company, the legacy corporation, NNPC, was regarded as the cash dispenser (Automated Teller Machine) of successive Nigerian governments. Oil theft and pipeline vandalism were the order of the day with the resultant effect on production. Over the years, billions of naira went down the drain in the name of reviving the comatose refineries while the corporation was never known to remit revenue to the federation account.

Nigerians have not forgotten how former governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, caused nationwide panic when he said that $20bn in oil revenue had not been accounted for. It was the reign of flagrant impunity, opacity, and corruption. Then came Mele Kyari, the University of Maiduguri-trained geologist. He superintended the corporation’s transition into a limited liability company and has been steering its ship adroitly since then.

In two years, the NNPCL has grown from a loss-making position to a profit-making entity. The days of opacity are over with the introduction of the Transparency, Accountability, and Performance Excellence (TAPE) initiative, which occasioned the publication of the Monthly Financial and Operations Reports (MFOR), underscoring the corporation’s commitment to transparency, accountability, and open dialogue that are fundamental to building public trust. The TAPE initiative, Kyari said, “places NNPCL in a unique position globally as the only national oil company that publishes its financial and operations reports every month. Such transparency not only enhances accountability but also provides valuable insights into NNPCL’s activities, performance, and strategic direction.”

Read Also: CNG: NNPCL leads Nigeria’s quest for a new world

Further, Kyari enlisted the NNPC LTD with the global transparency body, Extractive Industries Transparency Initiative (EITI), a Norway-based organisation that seeks to establish international standards for the good governance of oil, gas, and mineral resources while addressing the key governance issues in the extractive sectors. In its recent global assessment of the NNPCL, the EITI scored the corporation high for enhanced transparency and accountability standards, increased competitiveness, and concerted efforts in combating corruption in the global oil, gas, and mining sectors.

He also instituted a broad range of reforms including collaborating with security agencies and private security contractors while also establishing a control centre known as the Central Coordination, Data Integration, and Activation Control Room to provide surveillance of all the country’s oil and gas assets in the Niger Delta. The NNPC Data Control Centre uses video visibility to monitor the pipeline networks in the Niger Delta where more than 90 percent of the country’s crude is explored.

Kyari has vowed to get the Kaduna, Port Harcourt, and Warri refineries working optimally again, promising that Nigeria will become a net exporter of petroleum when they are rejuvenated. He has also led the charge in reducing the impact of the fuel subsidy removal on Nigerians with the implementation of the Presidential Compressed Natural Gas (CNG) initiatives launched by President Tinubu to provide cheaper alternative fuel to motorists, stimulate the economy, and reduce carbon footprints.

Despite this catalogue of achievements, Kyari continues to be blackmailed, vilified, and scapegoated by an oil mafia that wants the old days of flagrant impunity and milking of Nigeria’s commonwealth to return. Nigeria’s economy is slowly rebounding after tail-spinning into an abyss due to bad management. But the recovery pace has been further slowed down by the forces that want to hang Kyari out to dry.

He has been accused of sabotaging the Dangote Refinery by not meeting up with its crude oil supplies. But he denied the allegation saying the law is clear on domestic crude oil supply obligations and providing for local refineries. “(The) Refining business is a straightforward business. You must secure (a source for) your feedstock and you must find a market. This is basic and this determines what happens in any refinery anywhere in the world. That is the business of refining. We have done nothing to sabotage any domestic refinery,” Kyari stated.

While appearing before an ad hoc senate committee on August 7, Kyari declared that the attacks were deliberate and calculated to create the impression that the NNPCL and its leadership are creating economic sabotage in the country, saying, “And all of us see what is happening in the media – targeted attack on my person, on the institution, and we all know how this works.”

On the alleged importation of sub-standard products into the country, Kyari said the NNPC Limited has nothing to do with that as the relevant regulatory agencies will, by law, not allow any sub-standard product into the country.

The most recent attack came from Daily Trust, which jumped on the obnoxious bandwagon with the editorial, last Monday, “NNPC Must Go,” asking rather astonishingly, “Is the NNPC a state-owned enterprise, a public service provider like a university or yet, a private company like Innoson Motors? Or is the NNPC all three at once?”

Bynow, every Nigerian ought to know that after about 45 years of operating as a fully-owned government company, the NNPC was transformed into a limited liability company in July 2022 to operate in the country’s petroleum industry. And, it has been operating as such for the past two years, and profitably and transparently too.

It is one of three things – either Kyari is a victim of his success, a soft target for the prevailing economic hardship, or he is merely a personification of the aphorism that uneasy lies the head that wears the crown. Whatever it is, the damaging disinformation needs to stop immediately in the interest of Nigeria.
- Williams is a Lagos-based media executive.
August 16, 2024
Lagos and the ‘On-street Parking’ solution
- By Samuel Omojoye
Globally, the non-availability of sufficient parking spaces in major cities is a serious concern. This is largely because the demand for parking spaces usually outstrips the available supply, thereby giving rise to a myriad of parking challenges. If not well-managed, this could lead to traffic congestion and air pollution amongst others.

This is where a carefully planned effective parking management system becomes expedient.

Worldwide, as cities expand and evolve, the imperative to re-imagine parking paradigms becomes more pressing. Hence, most cities deploy a spectrum of strategies to optimize parking utilization and curtail parking-induced traffic.

Cities like Singapore and London, for instance, use dynamic pricing to regulate parking demand by adjusting fees based on factors such as time of day, location, and demand fluctuations. This strategy aims to incentivize drivers to use alternative transportation options or park in less congested areas.

Smart parking technologies, such as sensors, data analytics, and mobile apps, are revolutionizing parking management in cities like San Francisco and Barcelona. These systems allow real-time monitoring of parking availability, guiding drivers to vacant spots and helping alleviate traffic congestion.

Tokyo and Amsterdam are improving urban mobility by integrating parking facilities with public transit networks. This strategy promotes a combination of driving and alternative transportation modes, including park-and-ride facilities, bicycle parking hubs, and seamless transit connections, for commuters.

Strict enforcement of parking rules and zoning laws is vital in cities like New York and Sydney to deter illegal parking and ensure compliance. Deploying measures such as parking enforcement officers, CCTV surveillance, and automated ticketing systems helps uphold order and safety on urban streets.

Considering its growing population, limited landmass, and continuous economic activities, Lagos experiences a high demand for parking spaces. The existing parking infrastructure is inadequate to address the parking needs. As earlier stated, this is not peculiar to Lagos. Several major cities contend with similar challenges.

The issue of insufficient parking infrastructure is not necessarily an affirmation of a lack of concerted efforts towards the same but more a result of rapid urbanization.

Read Also: Lagos clarifies imposition of parking fees on churches, worshippers

Though the pursuit of effective parking management in Lagos is understandably fraught with obstacles, it yet brims with potential. Undoubtedly, optimizing the utilization of existing public spaces to create regulated parking environments and curbing unauthorized parking is crucial to nip the challenge in the bud.

Cheerfully, in the last four years, the state government has been making renewed and commendable efforts to redefine parking management. This is being done through comprehensive urban planning frameworks, substantial investment in infrastructure, and the implementation of a robust parking policy.

This, no doubt, is a step in the right direction.

In my view, the establishment of the Lagos State Parking Authority (LASPA) and the implementation of the Lagos State Parking Policy certainly reinforce the government’s resolve to provide innovative parking solutions. It represents an audacious attempt to scientifically address the state’s parking challenges while charting a course toward sustainable urban development that is hinged on effective parking management.

To consolidate the gains of the current dispensation in the sector, considering the ‘On-Street Parking’ option might be a viable solution to confront this longstanding issue.

‘On-Street Parking’ involves designating portions of public roads for parking vehicles. It is a regulated form of parking that allows for the use of designated spots on streets and major roads for timed parking. Is a common method of parking that aptly suits urban and suburban areas. It not only optimizes the use of limited urban space but also brings about numerous economic benefits that can further catalyse diverse economic benefits.

This kind of parking can be done on one side of a carriageway or two sides of a dual carriageway, depending on the size of the road. To be able to accommodate ‘On-Street Parking’, a road must be up to 9.5 meters in width minimum.

This parking mode helps to regulate the already existing roadside parking and check indiscriminate parking. When properly regulated, it introduces a structured approach to managing vehicular traffic. By designating specific areas and times for parking, congestion around popular destinations can be minimized, thereby improving overall traffic flow and reducing travel times.

In addition, the practice enables the provision of additional parking spaces, especially in areas with high parking activities and limited parking facilities. ‘On-Street Parking’ will not only increase parking capacity but will also help to maximize urban public spaces. This efficiency is crucial for a city like Lagos prone to gridlock due to heavy vehicular movements.

Also, implementing a paid parking system generates revenue that can be reinvested into parking infrastructure. Cities such as New York, London, Tokyo, and Singapore have successfully implemented the mode, proving its efficacy in managing urban congestion and supporting economic growth. These cities serve as shining examples of how structured parking policies contribute to sustainable urban development.

For Lagos, the benefits are manifold. Beyond addressing the shortage of parking infrastructure, it can stimulate local businesses by ensuring the turnover of customers and enhancing accessibility. Retail areas, markets, and commercial hubs would see increased foot traffic, boosting sales and fostering economic vitality.

However, to prevent abuse and ensure compliance, the introduction of ‘On-Street Parking’ must be accompanied by efficient enforcement and transparency. Clear signage, convenient payment methods, and fair pricing structures are essential to gaining public acceptance and maximizing the system’s effectiveness.

As part of strategies to proffer lasting solutions to parking challenges and parking-induced traffic in the state, it is heart-warming to note that the government has reportedly approved the commencement of ‘On-Street Parking’.

The first phase of the implementation of the strategy has led to the creation of an additional 1800 parking slots at five major zones in the state. Ikeja, Surulere, Victoria Island, Ikoyi, and Lekki are among the first areas slated for the pilot scheme.

The ‘On-Street Parking’ system will be operated by a well-designed and systematic module to meet the parking demands of the citizens. The system will be managed by concessionaires assigned to different zones, with LASPA as the regulating agency.

The involvement of concessionaires in the scheme is intended to reinforce the government’s commitment to continuous collaboration with the private sector, thus fostering local content and creative growth.

The partnership is also intended to offer benefits such as efficient management, seamless processes, improved user experience with better services, innovation in parking solutions, and enhanced regulatory compliance among others.

Lagos, no doubt, stands at a pivotal juncture where innovative solutions are imperative to sustain its growth trajectory. Embracing ‘On-Street Parking’ not only tackles the pressing issue of shortage parking scarcity but also sets the stage for a more organized and prosperous urban landscape.

With the needed support from critical stakeholders, Lagos can transform its parking challenges into opportunities for enhanced mobility, economic dynamism, and improved urban living standards.

It is, therefore, time for Lagos State and Lagosians to seize the opportunity presented by on-street parking and pave the way for a more sustainable and vibrant future.

Residents are, thus, enjoined to cooperate with the LASPA and other stakeholders in achieving the seamless implementation of the innovative scheme.
- Omojoye, a senior citizen, wrote in from Palmgrove, Lagos.
August 16, 2024
What’s the fuss about Nigeria’s Paris Olympics failure?
SIR: I do not understand why Nigerians should be agitated by the very abysmal outing of the country’s contingent to the just concluded 2024 Olympic Games in Paris, France. After all, if you fail to plan before embarking on any venture, then you have planned to fail. There is nothing complicated about that. So, I honestly do not understand all the fuss about the Nigerian 80-man contingent not returning home with even one bronze (the least) medal.

Sports administrators and writers, as well as enthusiasts have adduced all kinds of reasons for Nigeria’s failure at the Olympics after spending a whooping N12 billion on the country’s large contingent at the global sports fiesta. Top among the reasons given for the failure of Nigeria in the games are reckless spending, incompetence and negligence.

In what appeared to be admittance of failure, the Honourable Minister of Sports Development, Senator John Enoh, tendered a public apology to Nigerians for the disappointing outing at the Paris Olympics. The minister blamed the development on preparation failures.

In spite of the apology, many Nigerians, including opposition party leaders, criticized the government for the dismal outing, with all the billions spent, while nine other African countries achieved podium finishes. Some stakeholders went further to demand for a forensic probe into team Nigeria’s poor performance at this year’s Olympics, which replicated the nation’s outings in 1952, 1956, 1960, 1968, 1980, 1988 and 2012.

I think that rather than embark on the said probe, we should focus on the lessons in order to avert Nigeria suffering such a national embarrassment at a global stage in future.

I heard experts in sports say that it takes 12 years to plan for an Olympics. Fire brigade approach is common in Nigeria. We don’t plan on time. We wait until the last minute to do things that ought to have been done earlier, including the ones that will not cost a dime. That is why Nigerian athletes get to international events, only to realise that they were not registered for the event.

By the time things are sorted out, the athlete becomes downcast. The athlete’s participation equally becomes predictable. In some instances, Nigerian athletes borrow the needed sports equipment from their colleagues from other countries to participate in events. Such instances were seen in Paris. In most cases, the administrators will assure that they are going to investigate what happened. At the end of the day, nothing is heard about the investigation and nobody gets punished. We move on.

Nigeria cannot make progress by always crying over spilt milt. The country must work to succeed. For us to succeed, we must prioritise planning in everything we do. Part of the planning is putting square pegs in square holes. In areas that are very technical, such as sports, the people with the know-how should be appointed into critical offices in those areas.

Read Also: Taiwanese in Nigeria celebrate team’s wins at Paris Olympics

The Ministry of Sports, for instance, should not be a dumping ground for party members who lost election or political cronies. Sports is big business. Besides being a money spinning business, it can create employment for the teeming youth population of the country who constitute over 60 percent of the population of the country. If they are gainfully employed through sports, the crime rate and by extension, insecurity in the country will reduce to the barest minimum.

If Nigeria must succeed as a nation, planning should be institutionalized in all facets of our national life, not just in principle, but in practical terms. If we wish to succeed in sports in particular, we should engage in long term sports development planning. Now that the Paris Olympics is over, we should look at the lessons, rather than dissipate energy on blame game. There can never be a short cut to progress. For us to make it to the medals table at the Los Angeles 2028 Olympics and subsequent ones, or surpass our two gold medals best performance at Atlanta 2006 Games, the planning should start today.
- Dr. Chekwube Nzomiwu, Awka Anambra State.
August 16, 2024
Still on the windfall tax on banks’ profits
SIR: Progressive economies around the world have at one time or the other introduced windfall taxes. For example, in 2022, the United Kingdom introduced a windfall tax on energy companies’ profits due to soaring energy prices exacerbated by geopolitical events, including the war in Ukraine. Also in 2022, Italy imposed a windfall tax on energy companies’ profits, similar to the UK’s approach, to address the impact of high energy prices on consumers and to generate additional revenue for the government. Australia, in the same year, imposed a windfall tax on mining companies benefiting from high commodity prices, though the exact details and implementation varied. Spain, in 2022, also introduced a windfall tax on energy companies and banks to address high inflation and support low-income households.

These taxes are often introduced during periods of significant economic stress or when certain sectors experience unexpected and substantial profits. The aim is usually to mitigate the negative effects of economic volatility on the broader population and to fund public services.

A windfall tax is a tax levied on profits that are deemed to be excessively high or unexpected, often due to external factors rather than business performance. This type of tax is typically imposed on companies or sectors that have experienced a sudden surge in profits due to favourable conditions, such as a rise in commodity prices or economic changes.

The Nigerian banking sector has had windfall income fall on the laps of its operators since the unification of the exchange rate late last year by the Central Bank of Nigeria (CBN). The manufacturing sector suffered the consequences of the gains made by the banks. Hence, the federal government’s introduction of windfall tax through amendment to the 2023 Finance Act.

The critical need for adjustment to achieve balance necessitated the windfall tax which will apply only to the N3.37trillion gained by the banks through foreign exchange revaluation in 2023 financial year and first quarter of this year.

I read Kolade Ojo, a financial and tax expert, on the windfall tax. According to him, the policy, though “perceived as a financial burden aims to redistribute unexpected gains in a way that can stabilise the economy and support social programmes, thereby fostering a more equitable financial landscape…”

He went further to say that “The perception of the windfall levy as a punitive measure overlooks the broader economic benefits it is designed to achieve. Rather than unduly penalising banks, the levy aims to redistribute extraordinary profits in a manner that supports the overall economy. By harnessing windfall gains, the government can invest in critical areas that spur economic growth, thereby creating a more favourable operating environment for all businesses, including the banking sector players.” He supported his argument using the Norway’s petroleum tax system model which involves “taxing the super profits from oil and gas exploration at a high rate, which has allowed the country to amass a substantial sovereign wealth fund.

Read Also: Otedola’s advocacy for economic fairness through windfall tax

Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji explained that the windfall tax was not a new tax imposed on banks, but rather taking from the already made profit. The windfall tax, he said, “are the gains that you have without any contribution from you, without any value addition, which has had an adverse effect on others. And who are these others? If you look at the report of all manufacturing entities and the last one and a half years, you will discover that a lot of them recorded huge losses coming from exchange transactions.”

The flip of these losses is recorded in banks. Anywhere in the world, the duty of government is to redistribute the wealth to sustain the progress and prosperity of the nation. So, the loss suffered by manufacturing, as a result of the forex gains recorded by the banks is what the government seeks to redistribute. And that is why we have this levy, which is done everywhere.
- Sikiru Akinola, FIRS, Abuja.
August 16, 2024
Why POS, and not banks, have cash
SIR: Nigerians have a way of making a mess of a good system. I walked from my hotel located next to a bank to withdraw some cash. Every bank I stopped at to withdraw money from the ATM had no cash. From Sterling Bank, UBA, Access Bank, First Bank, Fidelity Bank to my bank, Ecobank, customers were walking around looking despondent. No ATM was dispensing cash.

I chose to end my walk at Ecobank where I have an account. I noticed that the crowd sitting inside the banking hall was waiting patiently for what service I do know. It informed my judgment that my hope may be futile.

A lady stopped the bank manager who was assisting an elderly customer on the banking floor. I could overhear her saying that she needed cash to go to the airport. The manager had a hollow smile and gestured with the shake of her head and was about to walk away. I mentioned to her that maybe she has answered my question. That I was about to tell her that there is no cash in the ATM and I would like to withdraw money from my account via POS with the cashier. She meekly said that the bank has no cash.

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I decided to probe her on why a bank would not have cash. She said that cash is diverted to POS operators on the street. She suggested that I use the POS operators on the street. I quipped that that is why the banks supply cash to the POS operators instead of dispensing it at their ATM. She responded no, that cash is supplied to the POS operators. The logical question becomes: who supplies the POS operators with cash? The manager answered that the fuel stations and big retailers do not patronize the banks as they used to.

My accidental discovery that banks are not having money in the ATMs may turn out to be a shift in the economic system. POS operators are located in every small corner. They make cash accessible to their customers at the instant of their desire. They have removed the distance of commuting to the banks to withdraw cash. The innovation in the banking system of extending POS to street operators has opened an avalanche of employment for the youths. They say that the only thing that is constant is change. I can console myself knowing that a young girl is making a genuine living by collecting change from customers through operating a POS business.
- Pius Okaneme, Umuoji, Anambra State.
August 16, 2024
On Nigeria’s dismal outing at the 2024 Paris Olympics
- By Akintayo Balogun
The memories of the 1996 Atlanta Olympics and the success Nigeria recorded at the tournament made the Olympics very dear to our hearts. That year, Nigeria won its first-ever Olympic gold medal through Chioma Ajunwa in the long jump . Nigeria went further to win gold in football in the Kanu Nwankwo-led under 23 Dream Team. That group of players turned out to be the most historic, successful, and memorable football team ever in the history of Nigeria. That team would have won more tournaments as a group during their heydays; save for the political barricades that stopped Nigeria’s participation in African FIFA tournaments between 1996 and 1999.

Since 1996, Nigeria has been hoping to achieve that kind of feat and to put Nigeria on the Olympic map; unfortunately, we are yet to come close.

Nigeria had some very embarrassing moments in this latest Olympics that calls for serious investigations, return to the drawing board, cautions and even auditing of the participation in the games. Nigeria budgeted and used a whooping sum of N12 billion for the games. You wonder why so much money has to go into it and painfully nothing much came out of it.

It was reported that Nigeria went to Paris with 88 athletes, allegedly with 84 officials, yet nothing to show for it. We had an athlete who was to participate in a cycling competition and had no bicycle to compete with. She had to borrow a bike from her German counterpart. The information was unfortunately well publicized on social media. Another athlete cried out that her name was not entered for a particular event. These and many more were the embarrassing situations that greeted the 2024 Paris Olympic Games.

Another hurtful part of the games was seeing athletes of Nigerian descent winning medals for the countries they represented at the tournament. One commentators said that Nigerians won medals but Nigeria did not. Among them was the case of Annette Echikunwoke, who was set to represent Nigeria at the Tokyo 2020 Olympics but was ruled ineligible after the Athletics Federation of Nigeria failed to register her for the required test. She switched allegiance to the United States and won a silver medal in the hammer throw, the first American woman to win a medal in the sport. Onitsha-born Ebelechukwu Agbapuonwu, now known and identified as Salwa Eid Naser, represented Bahrain and won silver in the 400m women’s event at the Olympics. Germany-born Yemisi Ogunleye’s case is understandable as she was born and bred in Germany. She won gold for Germany in shotput. Melvin Imoudu won an Olympic medal for Germany in the 100m breaststroke. Samuel Omorodion played for Spain as a striker. He was part of the Spanish team that won the gold medal in the men’s football tournament. He sure would not regret his decision to play for Spain.

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These are the few who mounted the medal podium, not to mention the several others who represented other countries and did not make it to the podium.

One of the things I noticed about many of the countries that participated in the games, particularly China, USA, Japan, etc, is that their have been groomed over the years. They started young. This is one major area where Nigeria is lost. We practically have zero grassroots development mechanism to grow our athletes from as young as primary schools. Looking back at the entire performance of Nigeria, both at the qualifying stage and at the tournament proper, the problem did not start in Paris. Nigeria did not participate in some of the games that it had been popular for. The Nigeria Dream Team did not qualify for the football tournament which is the game in which Nigeria has enjoyed fair success. Over the years, Nigeria has won gold, silver, and bronze in football at different Olympic tournaments. However and unfortunately, we painfully could not qualify for the game.

When you look at the team of Bonfree Jo that won the gold in the 1996 Atlanta Games, they were mostly home-grown boys trained by Coach Clement Westerof. The Dream Team that won silver in the 2008 Beijing Olympic Games that narrowly lost to a Lionel Messi-led team under-23 team had been groomed by Coach Samson Siasia from their under 20 days. That same team had been the runner-up at the Under 20 World Cup in 2006. That part of growing and grooming is unfortunately now missing in the football community. There is zero continuity in footballing, it’s now a new coach, a new set of boys, a new administration, a new system, and of course new politicians who are not vast in sports. These have not helped our football. The female football team unfortunately could not go beyond the group stage. This has been the case in as many Olympics that Nigeria has participated in.

Nigeria has over the years been limited in participation at the Olympics. Out of the 32 different games in several categories running into nearly 100 categories done in the 2024 Olympics, Nigeria’s participation was grossly limited. What stopped Nigeria from participating in other sports like weight lifting, shooting, horse riding (Equestrian), a popular game in northern Nigeria, and any other games that we see on the streets of Nigeria?

If Nigeria could budget as much as N12 billion for the games, then she could have participated in at least 30 different games and the different series that took place in the Olympics.

The 2024 Paris Olympic Games turned out to be a disaster as rightly stated by the Minister of Sports and a waste of funds and as a matter of fact, the worst in the history of Nigeria. In fact, there cannot be a performance worse than going to the Olympics and coming back empty-handed. Nigeria needs to go back to its drawing table. We are obviously the giant of Africa in size and population and nothing more. It is time to look beyond track events, football, boxing, and table tennis. It is time to widen our scope and develop our potential beyond these regular sports. Nigerians are usually very good at their endeavours. The testimonies are evident. It is only opportunities that Nigerians need. Let our leaders take corruption out of sports and stop using it as another avenue to siphon funds. Some athletes with African heritage opted to represent Western countries because their home countries demanded bribes to get them on the list. This has bedeviled African sport and not just Nigeria. Imagine the current French national team representing a country in Africa. Africa would probably have had its first World Cup by now.

We can only hope we get it right in Nigeria and Africa at large. Our potential in sports far outweighs other countries if we can only do the right thing with the plenty of resources we have at our disposal.

•Balogun Esq. is a legal practitioner based in Abuja.
August 15, 2024
Nigeria and the China-Africa September summit
- By Charles Onunaiju
Barring any unforeseen circumstances, Nigeria’s president, Ahmed Bola Tinubu would pay his first official visit to China to participate in the summit of the heads of state and government of the 54 member states plus China, of the Forum on China Africa Cooperation (FOCAC) slated to hold in Beijing from September 4 – 6.

The summit themed “Joining hands to advance Modernization and build a high-level China-Africa Community with a Shared Future” would have leaders of African member states, representatives of relevant African regional and other organizations, and also international organizations, in attendance.

About three weeks ago, China’s Vice Minister of Foreign Affairs, Chen Xiaodong visited Nigeria and delivered an invitation to President Tinubu and told the Nigerian leader that “he is an important leader and strategist in Africa”, and further added that his visit to China and “meeting with President Xi Jinping will open up more discussions and opportunities for Nigeria’s and Africa”.

President Tinubu in receiving the Chinese Vice Foreign Minister and his delegation said that he “commend what President Xi Jinping is doing in Africa; helping with capital mobilization for projects that positively impacts the lives and livelihoods of our people in Africa.” He also noted that “the infrastructure need of Africa is monumental, particularly that of Nigeria”. President Tinubu who accepted the invitation to visit China expressed his hope that such a visit would strengthen the existing bilateral cooperation between the two countries.

The 9th Ministerial Conference of the Forum on China Africa Cooperation (FOCAC) is elevated to a summit of the Heads of States and government and it will be the fourth of such summits since the founding of the Forum in 2000. The first summit was held in Beijing in 2006, the second held in Johannesburg, South Africa, in 2015, was followed by another summit in Beijing in 2018. The fourth summit, which is the ninth round of the triennial conference of China and Africa, will hold in Beijing in September.

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As a veritable mechanism for Africa and China engagement, the FOCAC process has been credited with both being a platform for dialogue and consultation and more importantly, enabling practical and tangible outcomes that have generated concrete inputs to the national aggregates of participating African countries.

From infrastructure constructions, trade, investments to vigorous cultural and educational exchanges which have considerably up-scaled capacity building and skill acquisition in Africa, the FOCAC process has responded to the existential needs in the region and helped in no small measure to ameliorate the historical infrastructure and connectivity deficits. The second and third summits which were held in both Africa and China, since the assumption of office by President Xi Jinping, were particular game-changers in the China-Africa cooperation mechanism. The two summits with combined funding support of $120 billion outlined critical and targeted areas of cooperation, including infrastructure construction, industrialization, agricultural modernization, healthcare, capacity building and personnel training, cultural and educational exchanges, which have contributed immensely to the recovery of economies in Africa with practical outcomes in job opportunities, expanding intra-Africa trade, while also promoting the prospects of Africa regional trading mechanism, the African Continental Free Trade Area, AFCFTA.

Already, Nigeria-China cooperation is a vital driver of the overall framework of China-Africa engagement and the summit in which Nigeria would participate will reposition and reinvigorate the pivotal position of Nigeria in the evolving trajectories of her bilateral relation with China, whom it shares the same national day.

As the visiting Chinese Vice Foreign Minister noted, Nigeria bilateral meeting which is expected at the side lines of the summit will unlock fresh opportunities. While Nigeria, under President Tinubu is implementing tough economic reforms, mere words and statements of solidarity as have been pouring from the West is not enough.

From Beijing, Nigeria would most certainly obtain practical inputs, especially with more investments, trade, infrastructure upgrades and most needed practical inputs that would not only cushion the current difficulties of the reform, but also add enabling critical support variables that makes tough economic reform, a worth-while endeavour both in short and long term. More importantly, China has a world-wide reputation of implementing the most successful economic reforms, with returns of not only ending absolute poverty among her 1.4 billion people but becoming the second largest economy in the world and the destination of choice for global investors. While copying mechanically China or any other country for that matter will offer nothing to Nigeria, it is however instructive that diligent study of the trajectories of China’s bold economic reforms will contribute meaningfully to align the long term goal of economic recovery, sustainability and improvement in the living standard of Nigerians.

Nigeria and China have come a long way in cooperation and collaboration but the current historical inflection point, in which China would have to strengthen the flank of its South-South cooperation as a bulwark to the menacing and aggressive West’s containment strategy and Nigeria’s daunting challenge of reforms and recovery, means both sides must deliberately calibrate cooperation to exceed the normal routine exchanges, despite how robust and mutual they have always been.

The challenge of the increasing global landscape fraught with uncertainties means that traditional partners such as Nigeria and China would have to be deliberately creative, to not only sustain the momentum of their relations but to inject the kind of imaginative dynamism that turns the existing opportunities into concrete and tangible outcomes while creating more opportunities and translating them to public goods. Nigeria will have to rise beyond the summit and conference glitz and glamour and set out the roadmap for practical follow-ups of summit outcomes.

The Nigeria condition is too dire for her leaders and officials to be contented with the photo-ops, handshakes and such other glitz of summitries.

One of the tales of China’s contemporary rise is diligent and methodical follow-ups to all the crucial blue-prints of her plans, whether conference outcomes, policy outlines, mutual agreements and other instruments or plans laid out in pursuit of the improvement in the quality of life of the Chinese people. Solemn fidelity, diligence and commitments to plans and implementations are some of the renowned attributes of contemporary China and in some ways, the generalized factors of how nations rise and develop. Nigeria is traditionally challenged on practical follow ups of conference and summit outcomes, but this time, she has no option than to rise to the challenge and accumulate as much inputs as she can, to translate to domestic economic and social fortunes.

The Beijing summit will in its tradition, attempt to answer very innovatively the questions of the time and calibrate to meet the contemporary challenges of the participating partners and contribute meaningfully to their respective national aggregates. It will both reaffirm traditional friendship between China and Africa and also guarantee their collective trajectories to building China-Africa community of shared future.

The gains of the FOCAC process which has been enriched with the solid outcomes of Belt and Road framework of international cooperation, will reaffirm China and Africa as the most formidable pole of peace, stability and mutual respect in the evolving multilateral and law-governed international order, despite the existential vicissitudes of the Western practice of power politics and bloc confrontations.

•Onunaiju is research director of Abuja–based think tank.
August 15, 2024
The evolution of civil defence corps
- By Abdullahi Haruna
Nigeria, a nation emerging from the shadows of historical crises and challenges, has made significant strides toward stability and progress. The country has endured human-induced crises comparable to the natural catastrophes faced by other nations. However, the disasters that have not defeated us have only served to make us stronger.

Amidst the spectrum of enduring statehood and nationhood, the role of the Nigeria Security and Civil Defence Corps (NSCDC) stands tall as it has contributed in no little measure to stabilize the security architecture. From its inception as a relatively young security agency, the NSCDC has become an indispensable component of Nigeria’s national security infrastructure. Established in 2005, the NSCDC was created to address the multifaceted security needs of Nigeria.

The agency’s inception was driven by the increasing necessity for a specialized body that could complement existing security forces and focus on protecting lives and property, particularly in non-military contexts.

The NSCDC was envisioned as a force with a unique mandate that blends security operations with civil duties, setting it apart from traditional law enforcement agencies. Its core mandate is protection of critical national assets and infrastructure, anti-vandalism and regulation of private guards companies. Disaster management was added to the general duty of protecting lives and property under the principles of humanity and justice.

Unlike conventional military and police forces, the NSCDC integrates elements of civil diplomacy into its operations. This dual role of enforcement and mediation allows the corps to address security issues through both proactive measures and conflict resolution.

The influence of the International Civil Defence Organization, headquartered in Zurich, Switzerland, is evident in the NSCDC’s approach, emphasizing the importance of combining force with civil engagement. Since its establishment, the NSCDC, while carrying out its important mandate, has faced numerous challenges, including logistical constraints, public scepticism, and internal rivalries.

Despite these hurdles, the corps has demonstrated resilience and adaptability.

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The NSCDC has undergone significant evolution, marked by leadership changes and strategic adjustments that have enhanced its operational effectiveness. It remains a crucial element of the nation’s security infrastructure, consistently addressing the needs and concerns of Nigerians.

As a result, it continues to evolve in line with the socio-political realities of the time, strengthening and expanding its mandate accordingly.

One notable development was the introduction of the corps’ power to prosecute and the formation of an armed squad.

These changes have empowered the NSCDC to tackle a broader range of security issues and established specialized units such as the Anti-vandal Unit, which focuses on combating theft and vandalism of critical infrastructure; the Critical Infrastructure and National Asset Protection unit, dedicated to safeguarding vital national resources; Agro Rangers, tasked with protecting agricultural activities from criminal activities; Special Intelligence Squad responsible for detective and intelligence-based operations; Mining Marshals, addressing illegal mining and its associated threats; VIP Protection, ensuring the safety of high-profile individuals; Private Guard Company (PGC), responsible for training and regulations of private guards outfits and Emergency and Rescue, responding to crises and disasters.

These units have allowed the NSCDC to build substantial capacity and expertise, preparing its personnel for complex security scenarios through rigorous training and drills.

The NSCDC’s role extends beyond traditional law enforcement; it acts as a bridge between the government and the people, providing a unique form of support that enhances overall national security.

The corps’ ability to operate across various sectors—ranging from infrastructure protection to emergency response—demonstrates its versatility and importance.

Recent threats, such as banditry in rural areas, crude oil theft, illegal bunkering, and illegal mining, have underscored the necessity of the NSCDC’s specialized capabilities.

The corps has proven its effectiveness in addressing these issues, often leading operations that involve intricate coordination and resource management. The effectiveness of the NSCDC is amplified by its collaboration with other security agencies and stakeholders.

The corps operates within a broader security framework that includes military forces, police, and local security groups.

This collaborative approach ensures a comprehensive and unified response to national security challenges. However, the NSCDC’s role is particularly distinctive due to its focus on civil protection and its unique operational mandate. This unique role was particularly accentuated during the recent nationwide protests, where NSCDC personnel demonstrated exceptional courage and professionalism.

They deployed alternative strategies to force and coercion, unlike other security agencies, which relied on more traditional methods.

As Nigeria continues its journey toward economic recovery and stability, the role of the NSCDC will remain crucial. To enhance its effectiveness, there is a pressing need for increased funding and modernization. Investments in advanced technologies such as aerial drones and surveillance systems will improve the corps’ capacity to address security challenges, particularly in remote and difficult-to-reach areas.

The NSCDC’s evolution reflects its growing significance as a national security asset.

By securing critical infrastructure, protecting citizens, and providing a versatile range of services, the corps has cemented its status as a critical national security resort. As Nigeria faces new challenges, the NSCDC’s continued growth and effectiveness will be essential in ensuring the country’s safety and stability.

•Haruna, a social commentator and author lives in Abuja.
August 15, 2024