Category: Discourse

  • Repositioning the economy and what the numbers are saying | Temitope Ajayi

    Repositioning the economy and what the numbers are saying | Temitope Ajayi

    On Thursday in Abuja, Minister of Finance, Mr Wale Edun addressed a press conference and gave a mid-year report on the economy.

    The Minister told the press what President Tinubu’s administration had done in the last year to address some of the structural imbalances in the economy, working with the fiscal and monetary authorities.

    The Minister, who will now address a quarterly media briefing on the state of the economy, highlighted that the economy grew faster in the first quarter of 2024 than in the first quarter of 2023.

    According to him, economic activity in the first quarter of 2024 was not only faster than the first quarter of 2023, but it was also the second fastest first-quarter growth in the last six years.

    Mr. Edun noted that the economic growth was broad-based across several sectors, including agriculture, industries, and services.

    The Minister specifically mentioned that the agricultural sector recovered from a negative position in the first quarter of 2023 to a modest growth in the first quarter of 2024. As the Minister pointed out, the industrial sector also grew seven times faster in the first quarter of 2024 than in the first quarter of 2023.

    Mr. Edun linked the positive economic performance and upswing to the government’s well-coordinated fiscal and monetary policies.

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    On the revenue side, the Coordinating Minister of the Economy explained that aggregate federal government revenue in the first half of 2024 was more than double the corresponding period in 2023.

    According to the Minister, the growth in government revenue was due to the reconfiguration and improvement in government finances, with oil revenue as a percentage of gross revenue increasing from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024.

    Here are the numbers as presented by the Minister:

    1. Non-Oil Revenue: The government’s determination to mobilise non-oil revenue has consistently delivered impressive results. For the half-year 2024, non-oil revenue not only surpassed the revenue in the first half of 2023 but was also 30 per cent above the 2024 budget target without any increases in taxes.

    2. National Debt Burden: The Tinubu administration in the words of the Minister has been working to manage and reduce the national debt to create better fiscal headroom for economic management. In dollar terms, Mr. Edun pointed out that Nigeria’s debt burden has been reduced and the government’s fiscal deficit has improved.

    “Our debt has fallen in dollar terms from $108 billion to $91 billion. Additionally, the government has diligently serviced all its loans and obligations with no recourse to ways and means of financing. The government has met all its obligations,” Edun said.

    3. Ways and Means: In the last year, the administration has exited the Ways and Means debt trap due to better management of the fiscal space, as the Federal Government, under the leadership of the President, has not relied on borrowing from the CBN Ways and Means to fund its obligations.

    Edun pointed out that part of the inflationary pressure the country is currently experiencing was a result of the past abuse of ways and Means. The Federal Government has paid back the previous N7.3 trillion obligation within a year of President Bola Tinubu’s administration.

    4. Debt Service to Revenue: In meeting its debt obligations to avert any form of default, the federal government of Nigeria, for decades, has been spending more than half of its revenue on debt servicing. By the end of June 2023, the Federal Government was spending 97% of total revenue on service debt.

    In the last year of President Tinubu, the country has recorded a positive trend in the debt service-to-revenue ratio. Currently, the debt service-to-revenue ratio has declined from 97 percent in the first half of 2023 to 68 percent in 2024, indicating the government’s strong position in managing its debt obligations.

    5. Budget Deficit: It has been a major priority for economic managers to reduce the budget deficit. To achieve this, the federal government, in the last year of the Tinubu administration, improved government revenue collection and blocked a lot of leakages. At the media briefing, Mr. Edun noted that the 2024 budget deficit has moved in the right direction, with a target of 4.1 percent of GDP, an improvement from the 6.1 percent deficit recorded in 2023.

    “On an annualised basis, we are at 4.4 percent, so you can see we are effectively very, very close to the budgetary target,” Edun said.

    6. Foreign Inflows: The government’s efforts to attract more foreign inflows into the economy continue to yield good outcomes. The minister said the government will continue the reforms and improve the business environment to engender confidence further.

    Mr. Edun underscored the government’s efforts to attract foreign inflows, including implementing the national single window project, which he said will generate $2.7 billion annually in economic benefits. The Minister added that the government’s accelerated stabilisation and advancement plan has already attracted $500 million in investment in the gas sector, with $7 billion more on the sidelines waiting to come in.

    7. Inflation and High Cost of Living: To address the current high cost of living and bring more relief to the masses, the Minister again pointed out that the government has implemented several initiatives and interventions, including a strategic input programme to increase the supply of food, a pivot to Compressed Natural Gas (CNG) fuel for mass transit vehicles, and providing lower-cost financing for the manufacturing industry and production. Mr Edun, who sympathised with Nigerians for the current hardship, which he also noted will soon blow away, expressed optimism that inflation, despite being “quite sticky at the moment,” will decelerate and come down due to the government’s commitments and actions.

    Mr. Edun said: “Clearly, as part of the reform program, on the monetary side, monetary policy has been tightened. CBN has been proactive in adjusting the monetary policy rate to address inflation head-on, which is in line with its legal mandate.”

    – Ajayi is the Senior Special Assistant to the President on Media and Publicity

  • Tackling challenges facing Northern Nigeria: The Uba Sani Prescription

    Tackling challenges facing Northern Nigeria: The Uba Sani Prescription

    By Abu Mohamed

    Kaduna State Governor, Senator Uba Sani, no doubt, is not starry-eyed about the situation of things in Northern Nigeria. He is very realistic when it comes to the challenges facing the region. For him, the sprawling Saharan region in Africa’s most populous country is facing and grappling with “existential threats.” And the only sure way to tackle these myriad of problems was to come to terms with the reality on ground and consciously formulate policies that will result in solutions that are both practicable and realisable. For him, it will amount to time wasting to indulge in blame games and trying to find a scape goat for all the things that are going wrong in the region. He would rather that the region’s elite look themselves in the eye and tell themselves some home truth. For him, playing politics of blame game for the woes the region is facing is not the answer. The answer is in speaking the truth and bracing up and fashioning out solutions to the myriad of problems confronting the region.

    His thought and conviction were made known on Monday while welcoming  a delegation from the Arewa Consultative Forum, (ACF),  led by its  new Chairman, Mamman Mike Osuman, SAN, to the Sir Kashim Ibrahim Government House, Kaduna.

    In a candid and down to earth manner, Governor Uba Sani declared: “It is clear that Northern Nigeria faces existential threats as we are speaking. This is, therefore, a time for all hands to be on deck to pull the engine back from the brink. We must take a hard look at ourselves, tell ourselves some home truth and move together to fashion a common strategy to address our developmental challenges and confront the criminals making life unbearable for our people,” he stated.

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    As a governor, Uba Sani acknowledged that the region is facing daunting and debilitating challenges. He also acknowledged the fact that only in unity of purpose can the region pull together as one indivisible unit to articulate and proffer solutions to whatever challenges it’s facing today. And to defeat the menace of insecurity in its various forms and shapes, the people must necessarily rally together as one, otherwise it would be an academic exercise.

    He then identified the ACF as a fit for purpose built vehicle for the major role in building the consensus for “the best approach to tackle the multifaceted challenges facing Northern Nigeria.”

    He revealed that the Government of President Bola Ahmed Tinubu, GCFR, “has been giving an uncommon support to Governors in the North to address their myriad of challenges.” This is contrary to what is being peddled in the social media space trying to castigate President Tinubu for the problems ravaging the North.

    Governor Uba Sani rose stoutly to the defence of President Tinubu, whom some elite in the region had singled out for attacks and blames as the cause of the region’s woes.

    Hear him: “The narrative that President Tinubu is against the North is false and unbecoming. It’s the handiwork of elements who are experts at political manipulation. We have to tell ourselves the truth, politics is enough, let us talk about development. Northern Nigeria is in crisis. And we should not blame anyone else, we should blame ourselves. That is the fact,” he declared.

    Governor Uba Sani then assured the ACF that Kaduna State Government is ready to partner with it on “initiatives that will advance the interest of the people of the North. We want to help reposition ACF to effectively play its roles.”

    With that promise, Governor Uba Sani announced the readiness of his government to hand over all the relevant documents of the National Headquarters of the ACF to the new leadership of the organisation. He also pledged the readiness of this administration to help renovate and furnish the building at 11A, Sokoto Road, Kaduna.

    “Leadership is critical to holding the North together and mobilizing the people to face the future with hope. Our people are resilient, resourceful and hardworking. We must not despair. Let us take our destiny into our own hands. Let us come together and develop and implement our own Marshal Plan for the development of the North. Arewa will rise again,” Governor Uba Sani declared to a rapturous applause.

    In his response which was full of praises and acknowledgement of the realistic, novel and empathy driven leadership of the governor, ACF new chairman, Mamman Osuman, said the body had done everything humanly possible in over 20 years to get the property regularised but with no success, saying Governor Uba Sani made it possible in record time.

    The truth is the current blame game by a section of a small but vocal and influential northern elites will never bring solutions to the problems facing the North. Seeking the person to be made a scapegoat is actually a form of escapism because at the end of the day no amount of blame can exculpate the very elites of the region who have for many decades presided over the affairs of the people in the region in various capacities.

    It’s in this regard that one must look critically at the “way forward” proposed by Governor Uba Sani. Until one acknowledges all the facts of a problem, finding the right solution to it may just be a mirage.

    •Mohamed write from Kaduna

  • Pharm. Adewusi Olufemi Michael Leading the way in herbal Pharmaceutical Formulations creating new hope for Battling Bacterial Resistance

    Pharm. Adewusi Olufemi Michael Leading the way in herbal Pharmaceutical Formulations creating new hope for Battling Bacterial Resistance

    A renowned Nigeria pharmacist and researcher, Pharm Adewusi Olufemi Michael is at the forefront of a groundbreaking study investigating the antibacterial properties of Origanum vulgare, commonly known as oregano. With an illustrious career spanning over seventeen years,  Pharm Adewusi has consistently pushed the boundaries of pharmaceutical science, particularly in the realm of herbal medicinal plants. His latest research promises to revolutionize treatment options for bacterial-resistant infections and address critical public health challenges.

    One of his current research which is “Investigating the Antibacterial Efficacy of the Aqueous and Ethanolic extracts of Origanum Vulgare Leaves in Rats” has drawn a lot of attentions

    In his current research, Adewusi is meticulously examining the antibacterial efficacy of the aqueous and ethanolic extracts of Origanum vulgare leaves in Wistar rats. This comprehensive study aims to uncover the potential of this ubiquitous herb in combating bacterial infections, providing new insights into natural alternatives to conventional antibiotics.

    “The preliminary results are encouraging and suggest that Origanum vulgare could play a significant role in our fight against bacterial-resistant infections,” stated Pharm. Adewusi. “Given the rising threat of antibiotic resistance, exploring natural ​and effective alternatives is more crucial than ever.”

    This research is poised to make substantial contributions to public health by offering an effective treatment for bacterial-resistant infections. As antibiotic resistance continues to escalate globally, the need for alternative therapies has never been more urgent. Adewusi’s work with Origanum vulgare could lead to the development of new herbal drugs that not only combat infections effectively but also reduce the reliance on synthetic antibiotics.

    Impact on Public Health and the Economy

    The implications of this research extend beyond health. Successfully integrating Origanum vulgare-based treatments into mainstream medicine could alleviate the burden on healthcare systems worldwide. By providing an effective and sustainable solution to bacterial infections, this research has the potential to reduce healthcare costs associated with prolonged hospital stays and complex treatments for resistant infections.

    Moreover, the economic benefits are substantial. Developing and cultivating Origanum vulgare as a medicinal resource can create new agricultural and pharmaceutical opportunities, driving economic growth. Local farmers could cultivate this herb, leading to job creation and a boost in the agricultural sector. Pharmaceutical companies could invest in developing and distributing these new treatments, further stimulating economic activity.

    A Commitment to Community Health

    In addition to his research, Pharm. Adewusi is deeply committed to community health. Every six months, he organizes free medical outreaches, providing essential healthcare services to underserved communities. These initiatives offer vital medical care, health education, and screenings, making a significant difference in the lives of many.

    “I believe in the importance of giving back and using my skills to benefit the community,” said Adewusi. “These medical outreaches are a way to ensure that everyone has access to basic healthcare services, regardless of their economic status.”

    A Vision for the Future

    Looking ahead, Adewusi plans to continue his pioneering work in medicinal plant research, with a particular focus on developing herbal drugs for the treatment of pneumonia using Origanum vulgare. His vision is to harness the therapeutic potential of natural compounds to create effective and sustainable treatments for various health conditions.

    Through his dedication to research, professional excellence, and community service, Adewusi exemplifies the profound impact that one individual can have on advancing pharmaceutical science and improving public health. His work continues to inspire and set new standards in the field, offering hope for better health outcomes and a stronger economy worldwide.

  • Optimizing Business Performance: Leveraging Machine Learning for Effective Weekly Business Reviews

    Optimizing Business Performance: Leveraging Machine Learning for Effective Weekly Business Reviews

    By Damilare Oyetunji

    Introduction

    It is a statement of fact to say this 21st century has witnessed a lot of innovations and discoveries.  Truly, it is a good time to be alive with the numerous technological advancements that have changed the way we live and interact as humans. One of these inventions is the advent of Hydrogen cars. This invention is a big step taken towards the fight against global warming, which will help us preserve our environment. Another one worthy of mention is Genetic engineering, which is the manipulation of the DNA structure of an organism using biotechnology. It has helped the world in medicine and reproduction, and also a very integral part of the way drugs are being produced, helping us to live a healthier life.

    I am not a Hydrogen expert nor am I a Genetic engineer and won’t pretend to be one. The invention in the 21st century that is of relevance to this write-up is Artificial Intelligence. Artificial intelligence is evolving to establish connections between humans and technology. In today’s world, robots, toys, and computers follow human orders and respond to needs according to their wishes. 

    Just as these different beautiful innovations have changed the way we live, similarly, the advent of Covid-19 caused a lot of disruption to the way we work. It has opened our eyes to remote working. It has also forced corporate leaders to look at more objective ways of measuring the performance of employees because remote working has made it possible for a team member to live in Mumbai and work in Calgary, micromanaging employees has been thrown out of the window. The question that this poses is how we continue to meet strategic objectives and ensure organizational performance with this new reality. One of the tools or approaches that answers that question is the Weekly Business Review.

    Weekly Business Reviews (WBRs) are a consistent meeting where you and your team can dive into your KPIs every week, ensuring you and your team are always on the same page. Weekly Business Review relies heavily on performance data and its interpretation.

    To get the full benefit of this approach, there is a need for the insight derived from the data to be top-notch so the leadership can make informed decisions. This article seeks to explore the opportunity that Artificial Intelligence provides us in conducting Weekly Business Reviews and how we can harness its capabilities.

    Weekly Business Review

    We can think about Weekly Business Review (WBR) as if it is a process control tool. A process control tool designed to uncover and disseminate the causal structure of a business, so that the leadership of the business can make informed decisions that will enable the growth of the organization. 

    WBRs are designed to help the organization make decisions with clarity, boost team collaboration, accelerate decision-making, and steer the whole business toward success and growth.

    Colin Bryar, former Chief Operating Officer of Amazon implemented WBR in the organization and has been said to have contributed to the growth of Amazon and how it became an industry leader. Following the style of Amazon’s WBR, WBR is designed to answer three major questions:

    1. What did our customers experience last week?

    2.  How did our business do last week?

    3. Are we on track to hit targets?

    The three questions listed above are the explicit goals that the corporate leadership will discuss during the meeting, and these three questions are what you should ask yourself as you start to put WBR into practice. The order in which these questions are arranged is important. You can consider the first two questions as different ways of asking about the business.

    The first question What did our customers experience last week highlights how important it is to know the experience that your customers had so you can know how to treat them better and satisfy them. This helps the leadership to know what features or products the customer values and what they are saying about pricing, the user-friendliness of the feature, speed of issue resolution, etc. It is imperative to ask this question first as the business exists because of the customers and this builds a customer-centric culture.

    Building on this foundation is to understand how the business fared the previous week. The question How did our business do last week helps to put figures and numbers to the answers gotten from question one. The experience of the customers will translate to sales figures, numbers of downloads, reviews on the features/products, customer satisfaction scores etc. This puts a perspective on what is being discussed.

    The final question just measures performance which ties to the company’s long-term strategy with short-term incentives. This can be used to make performance-based decisions for teams or employees. 

    Artificial Intelligence and Machine Learning

    Machine Learning (ML) is a subset of Artificial Intelligence (AI) and is a fast-growing technology in today’s world. With the help of past data, machine learning can help computers memorize on their own. This technique for taking data inputs and turning them into predictions has enabled tech giants such as Amazon, Apple, Facebook, and Google to dramatically improve their businesses.

    Machine learning is used by businesses to identify trends and then forecast what will attract customers, enhance operations, or enhance a product. However, you must first have an understanding of the inputs required for the prediction process, the difficulties in obtaining those inputs, and the function of feedback in helping an algorithm improve its predictions over time before you can develop a strategy based on such predictions. 

    In machine learning, a prediction is an information output that is produced by feeding in some data and executing an algorithm. 

    The main problem with any prediction process is that the training data, or the inputs required to begin producing reasonable results, must either be developed (for example, by employing professionals to classify objects) or obtained from already-existing sources (e.g., medical records). Certain types of data are readily obtained from open sources (weather and map data, for example). If customers believe they will profit from providing personal data, they may also voluntarily do so. 

    Updating training data regularly could present another difficulty. This won’t matter if the fundamental circumstances around the forecast remain unchanged, thus it’s not necessarily a problem. 

    One of the major components of WBR is data. The process of automation will replace most of the human work soon. The computing devices must match the capabilities of humans.  Rather than reviewing this data manually and assigning some set of employees to draw out insights, an algorithm through the use of ML can be harnessed to do it faster and with better accuracy. The next question is how?

    How Machine Learning Can Improve Weekly Business Review

    • Data Quality: The standard of the data affects how well your algorithm produces results. When a tool examines flawed data, it may produce incorrect results if the data is of low quality or integrity. Thus, cleaning the data before processing it is crucial. 

    • To ensure a thorough study and support the team in reaching well-informed judgments, machine learning techniques can aid in transforming unstructured data into a format that is readable by computers. It is important to remember that mistakes might be made, and incomplete data can be produced when developers convert unstructured data into a machine-readable format.

    • Artificial Intelligence entails building intelligent computers with human-like thought processes and decision-making abilities. The data can be used by the AI systems to create solutions. 

  • Benjamin Kalu: The power of focus, triumph over distractions

    Benjamin Kalu: The power of focus, triumph over distractions

    If not for the good and protection of the unsuspecting members of the public who may be hoodwinked into believing the series of invidious hogwash deliberately written against my principal, the Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu in the media recently, I wouldn’t have batted an eyelid for a rebuttal because the purveyors would certainly feel dignified with a response.

    For starters, I had taken a position earlier to ignore those claptraps as they didn’t speak to any significant issue of social or economic importance or development which has been the drive in our political trajectory. But consequent upon the delugeness of the onslaughts and the need to correct the wrong narratives, I am persuaded to change my position.

    Besides, I have been inundated with calls from various quarters of the society for my reactions and, naturally, when calls reach a crescendo, showing sufficient predilection for a response, anyone would be compelled to budge. And this is it.

    First. It was an opinionated piece title “Kalu’s Quest To Promote Regional Agenda As House Deputy Speaker” authored by one Dayo Akinwale published in Thisday Newspaper on July 1, 2024 wherein he spewed unprovoked hate and animosity, painting the Deputy Speaker with an ethnic brush.

    The second piece ensued from one Mbaukwu Ihedigbo. Apparently coming from a known background, the minion, understandably an e-rat, propelled by his affinity with the powers-that-be in Abia State, danced naked on Facebook through a piece titled “The Urgent Need to Halt Hon. Ben Kalu’s Political Maneuvering and Why Governor Alex Otti Should Be Vigilant”.

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    Yet, on a dramatic turn and in quick succession, one Adebiyi Omotosho Dan collated the publications in his article titled “Local Boy Gone Bananas: Kalu’s Descent into Controversies” published on Opera news on July 12, 2024.

    What a tittle-tattle from a bunch of delusional ignoramuses who obviously deserve our collective pity.

    To my chargrin, Dayo struck the cord of infantilism when he fathomed and justified his diatribe with Kalu’s consistent efforts to advance the cause of Ndi Igbo and catalyze the development of the eastern region.

    Worst of it all is that a reputable national newspaper like ThisDay tolerated Dayo’s unabashed indiscretion when he submitted that Kalu’s advocacy on the release of the IPOB leader, Mazi Nnamdi Kanu was a sin.

    One would have thought that Dayo who is understood to be a parliamentary reporter, covering the proceedings of the House of Representatives would have picked up a better faultline like incompetence and tell the world that Kalu was not fit for the job but no, he took the unsavory route, plunging himself into pettiness and rabble rousing in abject ignorance and crass idiosy, displaying his tremendous hatred for Kalu.

    He did not punctuate on the self embrassing, delusional punchline afterwards but elatedly ethnicized the piece, thereby casting a slur on the sanctity of journalism profession. For anyone who knows his onions in the noble profession of journalism, truth, substance, accuracy and objectivity are the cannons as well as the golden rules. Put succinctly, they are the hallmarks of journalism, anywhere. But Dayo chose to dance naked on the pages of the newspaper with some celebratory air, unabashedly.

    But it is gratifying to read him eulogize the legislative acumen, the oratory prowess and adept intellectual sagacity that define the political persona of Kalu. Even Kalu’s political opponents will agree that those are the distinct features that have made him a deputy speaker extraordinaire.

    Read Dayo: “No one ever doubts the competence and capacity of the Deputy Speaker, even his political adversaries doff hat for him. Despite being a second term legislator in the House, he is well grounded in the legislative processes. The Bende-born lawmaker is also a delight to watch whenever he presides over the plenary. He’s a beauty to watch”.

    Yes, Kalu may not be your regular politician but he’s surely your passionate leader that is promoting patriotism and and typifying nationalism, not ethnicism or parochialism. Kalu’s passion for the oneness of Nigeria is overt and unassailable. In his legislative duties and responsibilities, he has equally shown remarkable zeal and zest. No ethnic jingoist or tribal enthusiast would embark on a sprawled advocacy to relaunch his region into the mainstream politics for national cohesion and integration. No ethnic bigot would wear Nigeria and the embroidery of diversity. No tribal activist would spread appointments to accommodate the heterogeneity of Nigeria. But that is Kalu in his pure Nigerianness. He did it. Kalu would rather be championing secession and similar preachments with his position if he was pursuing a regional agenda. Far from it. The deputy speaker is a nationalist. A pan-Nigerian and this is exemplified by the preponderance of his engagements across the federation.

    And then, you ask, what is wrong in appealing to the authorities for the release of his kinsman who has been in the gulags for years? You also ask, what is wrong in Kalu preaching peace and amplifying the message of love amongst Nigerians? You also ask, what is wrong in Kalu calling and galvanizing his people to support the party in power? You ask again, what is wrong in Kalu inviting Nigeria to his native town of Bende in Abia State during the unveiling of his pet project, Peace In South East (PISE-P) to declare the restoration of peace and treat his august visitors to the hospitality of Ndigbo? And what is wrong in the appeals for non kinetics as a measure to quelling youth restiveness and addressing insecurity and the concomitant sociological effects and disparities?

    This must be Kalu’s array of misdemeanours that elicited anger in Dayo and his co-travellers and catapulted them to the path of infamy and perfidy. Dayo’s journey to the wide plains can only find summary in one word: Ignorance of the ethos of his journalistic calling. And this suffices.

    Equally, the lackey from Abia, my home State went suicidal in his wailing and wilful attempt to create a deceitful social media narrative that Kalu was plotting to take over the government house by 2027.

    Referring him as an agent provocateur may be appropriate just to describe his clomping around, struggling to be noticed, at least for his nuisance value. This is why I was reluctant, ab initio, to rebut.

    Ihedigbo’s headache is that Abians and indeed, Nigerians have fallen in love with Kalu’s legislative prowess and technical competences. His worry is that individuals across the State have decided to group themselves in solidarity to his growing political profile and influences. So, for him, this is all about 2027 elections and for that, Kalu should be checked and stopped before he outwits and outflanks Governor Otti from the government house.

    Of course, this alarm may be a sundry display of youthful exuberance but, for me, it is of cataclysmic impudence. Anyone who is very familiar with Kalu’s style of politics will attest to the fact that he has never been inebriated by the strength of the federal politics. He might be an opposition in Abia from Abuja but it is not in his totems to distance himself from issues that will contribute to the growth and development of his home State. Recall that he always attended important meetings of State during the administration of Dr. Okezie Ikpeazu who was PDP. In the present regime, Kalu I’d also giving his unflinching support to Governor Otti. So, to have one street urchin line up some combustibles, ostensibly to injure the wall of relationship and destroy the affinity that exists between Otti and Kalu is to play the Devil’s advocate. And people like him should be kept far from the corridors of powers with serious alacrity as a way of containing their toxins.

    For purposes of recapitulation, Kalu has a job in Abuja that he is passionately and diligently discharging. He is not talking politics. He’s talking governance and that is his lot for now.

    It is needless to tell these mischief makers and alarmists that while they were basking in the euphoria of their unbridled, ignoble and ludicrous fantasy of gossips, Kalu was busy with state matters, engaging with President Bola Ahmed Tinubu in Abuja, presiding over the plenary sessions, chairing the meetings of the Constitutional Review Committee in Lagos and attending the south east stakeholders meeting of the ruling All Progressives Congress (APC) in Ebonyi State for the good of the country.

    Now enter the Omotosho Dan guy from Opera news. For a better understanding of his role, call him a middlesome interloper. His swift chronological compilation of the publications and their torrential timelines gave him up as a mercenary. He wears the toga of a man recording many slips of his enemy but I got news for him: Kalu’s colleagues are pleased with him and he clearly understands that his position is a privileged one. The deputy speaker does not see himself as anybody’s boss but a servant-leader unanimously called by his contemporaries to serve them.

    Dan also needs to understand the age-long rules of the House and the constitutional provision that in the absence of the speaker, the deputy speaker presides. And it also suffices to inform that speaker Abbas has explicit confidence in Kalu to run the affairs of the House in his absence with the support of the members.

    Incidentally, these haters and wailing wailers (apologies to Mr. Femi Adesina) completely forgot the place of divine grace in Kalu’s geometric rise in politics.

    Maybe, it will be right at this juncture to tell Dan that Hon. Cyril Hart did not stage a walk-out. You call it a walk-out when one leaves one’s seat in the course of an argument. But in this case, Hon. Hart resumed his seat after baring his mind to the deputy speaker at the plenary. He remained there until the gavel went down on the issue at stake. It was after the motion had been referred to the appropriate committee of the House that he left his seat. This was the case and nothing more. Maybe, I should also tell Dan that, procedurally, a matter of personal explanation has its time and does not happen midway into the proceedings or be allowed to take the place of matter of privilege. But Kalu as the presiding officer was fair on his colleague to have allowed him to speak under personal explanation instead of privilege at the time. Maybe, I should also go a step further to tell Dan that the lawmaker has since apologized and reconciled with Kalu as revealed by the deputy speaker at the plenary on Thursday last week. Maybe, I should also tell the writer that when a member at the plenary that same day demanded an unreserved apology from Hart for his conduct that painted all the first timers with the same brush, Kalu pleaded with him to allow the sleeping dog lie. That is the application of emotional intelligence. That is leadership. That is Kalu.

    Of course, he doesn’t see himself as a demi god or a man on infallibilities. No. Kalu is human and therefore not immune from flaws and frailties. He also needs the support of his immediate colleagues, all and sundry to succeed. Success is what should matter to us all and not this orchestrated plan to pull him down.

    As the days go by, watch him deliver on his mandate in another appreciable dimension.

    •Nwabughiogu is the Chief Press Secretary (CPS) to the Deputy Speaker, House of Representatives, Rt. Hon. Benjamin Okezie Kalu.

  • In celebration of a remarkable journey: Olatunji Dare at 80

    In celebration of a remarkable journey: Olatunji Dare at 80

    By Gbenga Omotoso

    I am really excited to be the Lead Speaker on this important occasion put together by an important organization in celebration of the birthday of a Very Important Personality (VIP). I do not know how the Guild of Editors chose me for this all-important task.

    Am I the most qualified to do justice to the theme of the day, “Same craft, changing times – the columnist as societal conscience”? I do not think so; there are many literary criticism experts who can do a good job of this theme. Incidentally, some of them are sitting right here in this hall.

    Nevertheless, I thank The Guild and “The Nation” for this rare opportunity.

     I may claim not to be an authority in dealing with the matter at hand, but I cannot in good conscience insist that I do not know the subject of this gathering well enough to say a few words about him. In other words, permit me not to dwell only on the writings of Prof. Olatunji Dare, one of Nigeria’s best-known journalists, journalism educators, and public intellectuals who, no doubt and by all standards, has remained the conscience of the society. I would like to look at our man beyond his art because he has had so much influence on many of us in the course of being a teacher, a mentor, an uncle, an adviser and a father-figure.

    To Dare, identifying with young and ambitious people comes naturally. He would never allow them to get stranded – no matter the situation. I remember when “The Nation” made its debut on July 31, 2006, Managing Director/ Editor-in-Chief Victor Ifijeh and I launched a desperate search for writers. Many shunned us because they did not want to write for an unknown newspaper. They were not sure of the fate of the newspaper at a time when many publications  could barely fend for themselves. Not Dare; he signed up immediately, saying: “Go ahead and use my name in whatever way you think will be of benefit to the newspaper.” What a relief for us! We went ahead to advertise that the respected Journalism teacher  would be among the various frontline writers we would be parading. Besides, he took on the title of Editorial Adviser. He plays that role till date, using his deep experience in the trade to advise us on critical and sensitive stories.

    Needless to say, many who were familiar with his writings switched their loyalty to “The Nation”. Dare wrote under the column “At Home Abroad” in which he treated various subjects that were topical in a manner no other columnist had done – in a humorous, hilarious and simple manner that drew attention to the column every week. But in his writings you would easily appreciate the complexity of the thoughts that resulted in the final work.

    In Dare’s hands, words are like clippers in the hands of a barber; he can weave them together in a unique manner to deliver a fantastic submission week after week. He also wrote in very serious language to speak truth to power whenever the need arose. But some readers who could not comprehend his satire did not find it funny and they said so. The writer would laugh and urge them not to take offence. But he was not happy at being sometimes misunderstood because of his style. I understand why this is so. Dare, as a communications teacher, would not like to be charged with being esoteric and unable to communicate in a manner that many will understand. In other words, he would not want to be accused of talking to himself.

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    However, to the subjects of the articles, either in military uniform or in flowing “agbada”, they were like a bullet that went through a tiny hole and tore its way out to inflict the maximum pain. They did not find them funny at all.

    As I was saying, we found some frontline writers, among them Mohammed Haruna, the “Northern Star” who also drew substantial readers to the newspaper by making it representative of the Northern part of the country. Then, for several weeks, Mohammed Haruna’s column, “People & Politics”, did not appear in the paper. He was away on a rather long journey. I decided to fill the gap. Dare suggested the title of my column, “Editorial Notebook”. After some six or so weeks, Mohammed Haruna returned. I surrendered the column and announced that “Editorial Notebook” was rested. Prof. Dare called from his base in Illinois, United States, to advise me not to drop the column. “You can do it once in two weeks,” he counselled. I do not regret taking that advice as the column went on to win awards.

    Reflecting on Prof. Dare’s journey, it is evident that his legacy is one of dedication, innovation, and compassion. His impact on journalism and the lives of those he has  mentored is enduring. On this special day, we express our deepest gratitude for his guidance, support, and the invaluable lessons he has imparted.

    Born on July 17, 1944, Prof Olatunji Dare began his academic journey studying Physics, a testament to his profound intellectual curiosity. However, his path took a transformative turn as he ventured into the world of journalism, where he has excelled.

    I once wrote an article on the occasion of Prof. Dare’s birthday 10 years ago. Permit me to quote some paragraphs from that piece. “If Osoba is the Aremo (the chosen one, the favourite) of reporting in Nigerian journalism, Prof. Olatunji Dare is the Jose Mourinho (the Special One), the master satirist. To him, humour comes naturally. But many do not know that Prof. Dare was a Physics teacher.

    “I have gained immensely from his amazing talent. In fact, to him I owe the name of this column. Dare finds it so easy to write on any subject, making something out of nothing and spicing it all up with a huge dose of humour, forcing you to laugh in a country where there is little to provoke even a smile.

    “Like the late Baba Alabi, Dare detests errors. You dare not second guess him. He will reprimand you severely. But, ironically, he believes a newspaper is a miracle. “Every time a newspaper hits the newsstand, I know a miracle has happened,” says the professor, “because in the course of production, a thousand and one things could have gone wrong.”

    “Many have written about Dare’s resolute stand on the June 12 debacle, how he refused to join The Guardian team that went to burnish the late Gen. Sani Abacha’s ego for him to reopen the newspaper, which he shut down in a senseless show of power, how their week was incomplete without reading “Matters Arising” and how he quit Rutam House.

    “None has, however, recalled that Dare actually wore a lush beard for months – in protest against all that he went through. It is a tribute to his forgiving spirit that Mrs. Maiden Ibru, the publisher of “The Guardian”, was at MUSON Centre last Thursday when Dare was being honoured.

    “Mrs. Ibru spoke of how great and influential the newspaper was, ascribing it all to the presence of many, including Dare. That was a remarkable tribute.” End of quote.

    Indeed, no tribute will be complete without the dramatic exit of Prof. Dare from Rutam House. After the Abuja mission had been completed, a management meeting was summoned. It was resolved that those who were supposed to go to Abuja but refused should not partake in the fruits of the trip. In fact, I learnt, Prof. Dare was specifically named by proponents of that proposal. As the management was contemplating on who and how to break the news to Dare, he tendered his resignation letter. It was shocking. “Since I didn’t participate in the resolution of the crisis,” he was quoted as saying, “I think it will be unfair to those who did if I benefit from the gains of the trip.”

    If this is not courage, I wonder what can be so called. Such is Dare’s stubborn disposition to the principles he holds dear.

    Then he lost friends and relations as well as livelihood as the June 12 struggle continued. As the Abacha terror machine remained on the prowl, Dare left for the United States from where he continued to speak truth to power and torment his traducers.                          

    The full story of Gen. Ibrahim Babangida’s barber-chair transition that culminated in the June 12 chaos is well captured in the book, “Diary of a Debacle (Tracking Nigeria’s failed Democratic Transition, 1989-1994)”, authored by Dare. He derides Babangida who he has not forgiven for his odious role in the tragedy and scorned to no end the Interim National Government (ING) headed by Abiola’s kinsman, the late Chief Ernest Shonekan, whose acceptance of the odd job, many said, foreclosed any bold attempt to restore Abiola’s mandate. All those who played one ignoble part or the other got thoroughly spanked by Dare at the least opportunity. He lashed the late Arthur Nzeribe whose rogue Association for Better Nigeria (ABN) threw a spanner in the works. Abimbola Davies, Justice Bassey Ikpeme and many others got scurrilous and bitter recriminations from Dare. 

    Going by his reputation. Dare deserves all the accolades that may be showered on him by those who still hold dear all the values the wordsmith represents – humility, hard work, courage in the face of daunting situations, generosity and trust. These are some of the hallmarks of a true “omoluabi”, which he personifies.

    For nearly a decade, he served as editorial page editor and chair of the Editorial Board of “The Guardian”, where his award-winning and wide-ranging weekly column, in turn satirical and serious, attracted a wide appreciative national audience.

    You will agree with me that his weekly column for “The Nation”, now in its 14th year, is of the same vintage and has drawn high praise for its insights, elegance and felicity of style.

     Dare’s career has been distinguished by numerous achievements and sterling contributions. No fewer than two university students have found in his satirical writing the subject of their M.A. theses. It has also featured in courses on Stylistics in programmes in the English Department of some universities. To mark his contributions to journalism and to public discourse in Nigeria, 20 of his contemporaries, colleagues and former students on three continents in July 2014 presented a festschrift on his 70th birthday titled “Public Intellectuals, the Public Square & The Public Spirit: Essays in Honour of Olatunji Dare.”

    Unlike many of today’s commentators who were never groomed in the art of reporting, Dare has been a reporter, filing reports from several parts of the world.  His works have been published in “West Africa”, “Newsday”, and “The Seattle Times”.

    In 1995, he was awarded the Louis M. Lyon Prize for Conscience and Integrity in Journalism, by the Nieman Foundation at Harvard University, in recognition of his steadfast commitment to journalism’s best practices.

    Dare left Nigeria in 1996 to take up a faculty position at Bradley University, Peoria, Illinois. He was honoured with the Hammet/Hellman Grant for Courage in the face of Political Persecution, presented by the global rights body, Human Rights Watch.

     In summer 2000, he served as an editorial writer for “The Seattle Times”, based on a competitive fellowship awarded by the American Society of Newspaper Editors. Previously, he had conducted journalism workshops in Zimbabwe, Ghana, and across Nigeria.

    Dare’s numerous prizes include the Nigerian Media Review award for Informed Commentary, the Faculty Award in Teaching Excellence as well as the Faculty Award for Excellence in Scholarship from the Slane College of Communication and Fine Arts, and the President’s Prize for Meritorious Service from Bradley University, Peoria, Illinois, where he was a full professor until August 2015 when, on his retirement, he was named Professor of Journalism, Emeritus.

    He was presented with a Lifetime Achievement Award by the Nigeria Media Review in 2018. Dare earned the first-ever First Class (summa cum laude) degree in Mass Communication from the University of Lagos, Nigeria, where he subsequently became senior lecturer in journalism. He also holds a master’s degree in journalism from Columbia University, in New York, where he was the prizeman in Editorial Writing, and a Ph.D. from Indiana University, Bloomington, Indiana, with twin concentrations in International Communication and Public Policy.

    A much-travelled journalist, Dare has reported from more than a dozen datelines on three continents and interviewed several statesmen of global stature. Only a few reporters can match the list; it is long: Former President of Togo Gnassingbe Enyadema; the late Nelson Mandela of South Africa; Jonas Malheiro Savimbi, the Angolan revolutionary, politician, and rebel military leader who founded and led the National Union for the Total Independence; Helmut Schmidt, the former West Germany Chancellor; the late Mathieu Kèrèkou, former President of Benin Republic; Kenneth Kaunda, former President of Zambia who served as the first president of Zambia from 1964 to 1991; Rajiv Gandhi, former Prime Minister of India.

    Dare interviewed also Salim Ahmed Salim, former OAU Secretary General; F. W. De Klerk, former South African President and Mangosuthu Buthelezi, former leader of the Inkatha Freedom Party, Premier of KwaZulu Natal Province and one of the prominent politicians of the apartheid era. 

    In “The Columnist’s Agenda”, my contribution to “Nigerian columnists and their art”, edited by Lanre Idowu, another distinguished journalist and publisher, I wrote: “A good column should be like a soothing balm, giving hope where there seems to be hopelessness. In it must be found the proverbial light at the end of the tunnel. It must be exciting. It must be humorous, with a sting in the tail. And it must give the reader, always, something to remember.”

    I then went on to name some of the great columns ever run in Nigerian newspapers, among them Olatunji Dare’s “Matters Arising”. I wrote: “It was one of the longest running columns in “The Guardian”. Many years after it stopped running, many are still enamoured of the column’s style – witty, breezy, yet deep and, sometimes, hilarious, full of satiric punches that evoked tears and laughter at the same time.”

    It is difficult, even for the best of critics, to pick Dare’s best articles. Indeed, some stand out. In “Thoughts on birthday gifts”, published in “The Guardian” of August 13,1991, Dare writes: “An unfailing dependable source tells me some enterprising young Nigerian journalists have placed an order for a specially designed pocket mirror, to be presented to the Minister of Information, Chief Alex Akinyele, on his next birthday … .” The late Chief, with his trademark moustache, was always dandy, fashionable. He was arguably easily the most recognizable of all public officials of his era. This article won the prize for Informed Commentary at the First Diamond Awards for Media Excellence (DAME).

    Nor would anybody forget “The vanishing Calabar man”.

    Readers of “The Nation” may have noticed that “At Home Abroad” has not been as regular as it used to be.  I was moved recently when Prof. Dare confided in me that he might rest the column. “I have said all that I should; let others have their say,” he told me.

    I disagree sir. You once told us that you would continue to write for as long as we felt you were making sense. You still make so much sense. Please, keep the flag flying. Should this be impossible, we will surely show understanding.

    Happy 80th birthday sir. May your day be filled with joy and celebration, and may you continue to inspire us all with your wisdom and kindness. Here’s to many more years of health, happiness, and cherished moments.

    Omotoso is Lagos State Commissioner for Information and Strategy

  • Atiku as an endangered specie

    Atiku as an endangered specie

    Sam Omatseye’s article, brimming with vitriol and sanctimonious posturing, demands a rebuttal rooted in truth and literary eloquence. Omatseye, in his misguided zeal to malign Atiku Abubakar, reveals more about his own biases and mercenary penmanship than about the man he seeks to discredit. It is time to set the record straight and highlight the strengths of Atiku Abubakar, a statesman and an endangered species whose vision and dedication to Nigeria’s unity and progress far surpass the myopic self-interest Omatseye attributes to him.

    The Chess Player and the Strategist

    Omatseye derides Atiku for seeing himself as a chess player, implying a lack of humility. Yet, in the intricate game of politics, the ability to strategize and anticipate moves is paramount. Atiku’s approach is not one of vanity, but of calculated foresight and a deep understanding of Nigeria’s complex socio-political landscape. Unlike the unnamed politician, presumably Bola Tinubu, who flaunted his power with a self-deprecating quip, Atiku’s humility lies in his persistent efforts to build bridges across Nigeria’s diverse ethnic and religious divides.

    Visits and Symbolism: A Misguided Allegory

    Omatseye’s allegorical comparisons of Atiku’s visits to historical betrayals and sinister handshakes are a testament to his propensity for hyperbole. The handshake between Atiku and Buhari is not a clandestine plot but a public display of his commitment to national unity. Atiku’s visits are not sneaky or deceitful, like Odysseus returning in disguise, but open gestures of reconciliation and dialogue.

    Misplaced Criticism of Political Alliances

    Omatseye’s insinuation that Atiku’s alliances are opportunistic ignores the political realities of Nigeria. Politics, by its very nature, involves the forging of alliances (and Omatseye needs to be reminded of alliances of his paymaster that led to the formation of the APC). Atiku’s partnership with figures like Nasir el-Rufai is not a sign of duplicity, but a pragmatic effort to unite various factions for the greater good. The allegation that Atiku exploits ethnic sentiments is ironic coming from a Tinubu apologist, considering Tinubu’s notorious manipulation of ethnic and regional loyalties to consolidate power.

    The North and Atiku’s Legacy

    The critique that Atiku only remembers the north when seeking votes is baseless. Atiku’s investments in manufacturing, agriculture, banking, education, healthcare, and infrastructure, particularly in the north, are well-documented. The American University of Nigeria, founded by Atiku, stands as a testament to his philantrophy and commitment to providing quality education and fostering development in the region. In contrast, Tinubu’s legacy in Lagos, marred by allegations of corruption and cronyism, offers little to commend.

    Poverty and Development: A Flawed Narrative

    Omatseye’s selective presentation of poverty statistics in the north is a disingenuous attempt to lay the blame at Atiku’s feet. Poverty in the region is a multifaceted issue exacerbated by years of neglect by successive governments. Atiku’s efforts, though significant, cannot single-handedly rectify decades of systemic challenges. Moreover, Omatseye conveniently overlooks the socio-economic disparities that persist in Lagos, Tinubu’s stronghold, despite his years of governance.

    Intellectual Posturing and Misappropriation

    Omatseye’s invocation of intellectual heavyweights like Michel Foucault and Zadie Smith to critique Atiku’s appeal to northern sentiments is misplaced. Foucault’s exploration of power dynamics and Smith’s discourse on identity could equally be applied to critique Tinubu’s divisive politics. Atiku’s vision, in contrast, seeks to transcend prefabricated identities and foster a cohesive national identity.

    A Dangerous Politician or a Visionary Leader?

    Labeling Atiku as the most dangerous politician, second only to Peter Obi, is a gross mischaracterization. Atiku’s political career is marked by his advocacy for restructuring Nigeria, promoting decentralization, and empowering local governments. His vision for Nigeria is one of inclusive growth and sustainable development, a stark contrast to the status quo of political patronage and centralization championed by Tinubu.

    In conclusion, Sam Omatseye’s article is a tapestry of half-truths and unfounded allegations woven together with the thread of bias. Atiku Abubakar’s strengths lie in his strategic acumen, his commitment to national unity, and his tangible contributions to Nigeria’s development. Omatseye’s diatribe, far from discrediting Atiku, exposes the hollowness of his own arguments and the mercenary nature of his pen. It is time for Nigerians to see through the smokescreen of political propaganda and recognize the genuine leadership and vision that Atiku Abubakar offers. As Ralph Waldo Emerson aptly said, “A great man is always willing to be little,” and it is in this spirit of humble service that Atiku seeks to lead Nigeria to a brighter future.

    Ibe is a Media Adviser to Atiku Abubakar, former Vice President of Nigeria (1999-2007) and Presidential candidate of the PDP (2023).

  • Atiku as an endangered specie

    Atiku as an endangered specie

    • By Paul Ibe

    Sam Omatseye’s article, brimming with vitriol and sanctimonious posturing, demands a rebuttal rooted in truth and literary eloquence. Omatseye, in his misguided zeal to malign Atiku Abubakar, reveals more about his own biases and mercenary penmanship than about the man he seeks to discredit. It is time to set the record straight and highlight the strengths of Atiku Abubakar, a statesman and an endangered species whose vision and dedication to Nigeria’s unity and progress far surpass the myopic self-interest Omatseye attributes to him.

    The Chess Player and the Strategist

    Omatseye derides Atiku for seeing himself as a chess player, implying a lack of humility. Yet, in the intricate game of politics, the ability to strategize and anticipate moves is paramount. Atiku’s approach is not one of vanity, but of calculated foresight and a deep understanding of Nigeria’s complex socio-political landscape. Unlike the unnamed politician, presumably Bola Tinubu, who flaunted his power with a self-deprecating quip, Atiku’s humility lies in his persistent efforts to build bridges across Nigeria’s diverse ethnic and religious divides.

    Visits and Symbolism: A Misguided Allegory

    Omatseye’s allegorical comparisons of Atiku’s visits to historical betrayals and sinister handshakes are a testament to his propensity for hyperbole. The handshake between Atiku and Buhari is not a clandestine plot but a public display of his commitment to national unity. Atiku’s visits are not sneaky or deceitful, like Odysseus returning in disguise, but open gestures of reconciliation and dialogue.

    Misplaced Criticism of Political Alliances

    Omatseye’s insinuation that Atiku’s alliances are opportunistic ignores the political realities of Nigeria. Politics, by its very nature, involves the forging of alliances (and Omatseye needs to be reminded of alliances of his paymaster that led to the formation of the APC). Atiku’s partnership with figures like Nasir el-Rufai is not a sign of duplicity, but a pragmatic effort to unite various factions for the greater good. The allegation that Atiku exploits ethnic sentiments is ironic coming from a Tinubu apologist, considering Tinubu’s notorious manipulation of ethnic and regional loyalties to consolidate power.

    The North and Atiku’s Legacy

    The critique that Atiku only remembers the north when seeking votes is baseless. Atiku’s investments in manufacturing, agriculture, banking, education, healthcare, and infrastructure, particularly in the north, are well-documented. The American University of Nigeria, founded by Atiku, stands as a testament to his philantrophy and commitment to providing quality education and fostering development in the region. In contrast, Tinubu’s legacy in Lagos, marred by allegations of corruption and cronyism, offers little to commend.

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    Poverty and Development: A Flawed Narrative

    Omatseye’s selective presentation of poverty statistics in the north is a disingenuous attempt to lay the blame at Atiku’s feet. Poverty in the region is a multifaceted issue exacerbated by years of neglect by successive governments. Atiku’s efforts, though significant, cannot single-handedly rectify decades of systemic challenges. Moreover, Omatseye conveniently overlooks the socio-economic disparities that persist in Lagos, Tinubu’s stronghold, despite his years of governance.

    Intellectual Posturing and Misappropriation

    Omatseye’s invocation of intellectual heavyweights like Michel Foucault and Zadie Smith to critique Atiku’s appeal to northern sentiments is misplaced. Foucault’s exploration of power dynamics and Smith’s discourse on identity could equally be applied to critique Tinubu’s divisive politics. Atiku’s vision, in contrast, seeks to transcend prefabricated identities and foster a cohesive national identity.

    A Dangerous Politician or a Visionary Leader?

    Labeling Atiku as the most dangerous politician, second only to Peter Obi, is a gross mischaracterization. Atiku’s political career is marked by his advocacy for restructuring Nigeria, promoting decentralization, and empowering local governments. His vision for Nigeria is one of inclusive growth and sustainable development, a stark contrast to the status quo of political patronage and centralization championed by Tinubu.

    In conclusion, Sam Omatseye’s article is a tapestry of half-truths and unfounded allegations woven together with the thread of bias. Atiku Abubakar’s strengths lie in his strategic acumen, his commitment to national unity, and his tangible contributions to Nigeria’s development. Omatseye’s diatribe, far from discrediting Atiku, exposes the hollowness of his own arguments and the mercenary nature of his pen. It is time for Nigerians to see through the smokescreen of political propaganda and recognize the genuine leadership and vision that Atiku Abubakar offers. As Ralph Waldo Emerson aptly said, “A great man is always willing to be little,” and it is in this spirit of humble service that Atiku seeks to lead Nigeria to a brighter future.

    Ibe is a Media Adviser to Atiku Abubakar, former Vice President of Nigeria (1999-2007) and Presidential candidate of the PDP (2023).

  • Katuka and the redemption of capital market

    Katuka and the redemption of capital market

    By Gidado Shuaib

    With the recent appointment of Mallam Mairiga Aliyu Katuka, a long-standing insider in the financial services sector, as the Chairman of the Securities and Exchange Commission (SEC), by the Tinubu administration, there is the very huge hope that many of the issues bedevilling the sector will be contained, if not permanently laid to rest.

    As Nigeria’s leading financial market regulator, the Securities and Exchange Commission’s board that is now led by Katuka, also has Mr Emomotimi Agama as its director-general, and it has evolved over the years since its establishment in 1962, as an arm of the Central Bank of Nigeria. The Commission, which was chartered by the Investments and Securities Act No 45 of 1999, had initially been known as the Security and Exchange Commission in 1977, before becoming the Securities and Exchange Commission by virtue of SEC Decree No. 71 of 1979.

    Mallam Mairiga Aliyu Katuka, who was with the Central Bank of Nigeria (CBN) for over three decades, rising to the height of a director in the apex institution, the experiences of which helped secure his sound credentials as an accomplished executive in central banking and financial management, is a major player in the country’s financial landscape. These are experiences he will bring to bear on his newer remit in SEC. Notable for his leadership and team-building skills, Katuka is well versed in financial analysis, budgeting, and investment management, which are core areas of his expertise.

    The jury has been out and a bit vocal on many of the problems considered as afflicting the Nigerian capital markets, now directly under Katuka’s oversight, as including issues of inadequate regulation, the lack of transparency and accountability in much of the financial dealing, low investor confidence and participation, and insider trading coupled with market manipulation.

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    In addition to the foregoing, there have equally been the concerns around limited financial inclusion and access of small and medium-sized enterprises to the capital markets, alongside other marginalised groups, and political interference, in tandem with weak structures of corporate governance, etc.

    Hence, at this point, there is the resurgence of expectations that much of the desirable reforms to the capital markets by the Securities and Exchange Commission, would find adequate consideration and expression with the incoming of the Mallam Mairiga Aliyu Katuka leadership. These include the strengthening of the regulatory framework to enhance transparency, accountability, and enforcement; and the greater push for the independence and autonomy of the SEC to whittle down political interference.

    Saliently, there is greater hope for the protection of the rights and interests of investors; the implementation of technological upgrades to enhance the work of the Commission; capacity-building and welfare provisioning for the staff; the strengthening of enforcement and imposition of effective sanctions for non-compliance to the Commission’s regulations, among others.

    In Katuka’s plans for the commission, he regards human resource development as critical, as he noted that: “We are already working on strategic plans for the capital market. To achieve these plans, we must have reliable manpower, and that’s why we are not going to overlook the manpower we have. Manpower is essential for achieving our goals. So, the greatest resource we have is human resources.”

    And, in terms of reforming the SEC towards better performance, for Katuka, investor confidence in the Commission’s operations is very critical. As he put it, “building investor confidence means ensuring that the market is transparent, dynamic, and fair, so investors can invest without fear. We aim to create the credibility and integrity needed to restore investor confidence. We will also engage stakeholders, as their participation is crucial to our strategic plans.”

    Born on 15 February, 1961 in Keffi, Nasarawa State, Mallam Mairiga Aliyu Katuka obtained a Higher National Diploma in Accounting from Federal Polytechnic, Bida, in 1985, after which he received a Master’s degree in Business Administration from Ahmadu Bello University in 2007. He has earned numerous professional qualifications and certifications, and is a Fellow of the Certified National Accountants of Nigeria (FCNA), while holding the membership of bodies including the Nigeria Institute of Management (MNIM) and the Chartered Institute of Forensic and Certified Fraud Investigators of Nigeria (CCrFA).

    Katuka commenced his career as an Assistant Executive Officer in Accounts at the Public Complaints Commission in 1982; and he became a Higher Executive Officer in the Police Pay Office, Bauchi, as a staff of the Federal Ministry of Finance in 1987, following his National Youth Service at Esie-Iludun Grammar School in Kwara State.Having resumed at the Central Bank of Nigeria in 1990, Mallam Mairiga Aliyu Katuka steadily rose to increased responsibilities across the portfolios of budget and investment management, financial forecasting, and internal controls. 

    While, over his 31 years in the bank he served as the Secretary of CBN’s budget Committee and member of several key panels, he was equally known for being an active participant in the implementation of the Bank’s Oracle ERP application.

    A life-long learner who is currently a PhD student of financial sector regulations at the Institute of Capital Market Studies at the Nasarawa State University, Keffi, Katuka has attended numerous prestigious capacity-building programmes in Leadership, Creativity and Peak Performance in Dubai (2021); Advanced Governance, Risk Management and Compliance in London (2019); and Corporate Financial Planning, Budgeting, and Control in London (2016), etc. These programmes have enabled his proficiency in governance and strategic financial management.

    He is one who cares deeply about community service, whether in his work or natal environments, hence his years of service as President of the CBN Staff Co-operative Society, on the Board of Directors of Keffi Community/Microfinance Bank from 1998 to 2016, and as a significantly contributing member of the Keffi Development Foundation.

    One hopes that as he steadily takes on and navigates the reins of leadership in the SEC, his would be a period of renewal and the ascendance of the mandate of the Commission as a durable institution of greater public service and relevance. He professed as much in his observation, that:“One issue we have observed is the low awareness of SEC activities. This is an area we will focus on, ensuring Nigerians understand the functions of SEC. Not just in Abuja, Lagos, Port Harcourt, and Kano, but nationwide. SEC will help people understand the importance of the capital market and the benefits of investing in it. We are also working on financial inclusion. In this modern era, technology is integral to everything we do. As times change, we need to adapt. We plan to make our IT robust to accommodate our goals.”

    Gidado Yushau Shuaib, a media and communications expert, can be reached on giddyshuaib@gmail.com.

  • Affirming Abiodun’s foresight, frontier exploration begins in Ogun

    Affirming Abiodun’s foresight, frontier exploration begins in Ogun

    • By Kayode Akinmade

    Receiving the 2023 Man of the Year Award from the Silverbird Group at the Eko Hotels and Suites, Lagos, in March this year, the Ogun State governor, Prince Dapo Abiodun, gave ample indication of his governing style and strategic vision. Hear him: “Our administration in the last four and a half years has transformed our vision into making the state the investor’s destination of choice. We have also successfully implemented people-oriented policies and carried out reforms to improve efficiency and service delivery, leading to the state being the most improved in Internally Generated Revenue in the country. We have implemented a multi-modal transportation plan and other infrastructure across the state. We have constructed over 500 kilometres of road, built over 3,000 affordable houses, renovated over 1,000 schools, and constructed our Gateway International Airport.”

    The people-driven thrust in governance, evidenced by the wide consultations and town halls usually held by his administration before every budget cycle, is at the heart of his ISEYA mantra. It was therefore no surprise that when, six months ago, while presenting the 2024 budget before the state House of Assembly, he indicated that the Gateway State would soon become an oil-producing state, the people took him very seriously.

    Apprised of his strategic foresight, the people had witnessed his roll-out of CNG-enabled vehicles long before the removal of subsidy, his establishment of a joint commission on rice that proved pivotal when the cost of the produce shot through the roof, his construction of a world-class airport for the export of agricultural produce and for passenger traffic, and his opening up of the Olokola Free Trade Zone, among other landmarks. And just like the governor that many now refer to him in Niger Delta parlance as talk-and-do said, oil exploration has kicked off in the state. That much was indicated by the Federal Government delegation that visited the state last week, bearing tidings of joy. Ogun is set to join the league of oil-producing states with the Nigerian National Petroleum Corporation Limited’s (NNPCL) kick-off of oil and gas exploration in the state.

    Last Friday, Governor Abiodun played host to the delegation comprising the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; the Managing Director, Shell Petroleum Development Company Ltd, Mr. Osagie Okubor; Chief Executive, Nigeria Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe and NNPC Group Chief Executive Officer, Mr Mele Kyari. An elated Lokpobiri, speaking at the Governor’s Office in Abeokuta, said: “We have very high potential of discoveries here. Ogun has always been part of the Dahomey Basin and our presence underscores the seriousness the Federal Government attaches to the exploration activities that we want to carry out in Ogun State.”

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    In his remarks on the occasion, Governor Abiodun said Ogun State is part of the OPLs 302,303, 306 and 307, affirming that the acreages present unique opportunities for the qualification as a Frontier Exploration State as defined in Section 9 of the Petroleum Industry Act (PIA). Hear him: “Ogun State presents some unique opportunities towards the realization of the full intentions of the PIA’s Section 9 on frontier exploration as it will contribute to guarantee additional petroleum production of additional petroleum products for the country and afford more supply to potential refineries in the area. As a low hanging result, this area also presents the opportunity for bitumen extraction, thereby reducing import dependency and bringing with it savings in foreign exchange expenditure on this single line item.”

    And speaking during an interview with TVC on Friday evening, he provided further historical context. His words: “It is indeed a great day for the entire people and government of Ogun State. This afternoon the entire leadership of the Ministry of Petroleum led by the Honourable Minister of State fir Petroleum, Senator Heineken Lokpobri, the GCEO NNPCL, the CEO Nigerian Upstream Regulatory Commission were here in Abeokuta to formally declare Ogun State a frontier state for oil exploration in line with the establishment of the Frontier Exploration Fund Administration Regulations as defined under Section 9, subsection 4 of the PIA. What this basically has done or will do is to allow Ogun State to join the comity of states that are oil-producing when this exploration is successful. And we don’t have a doubt that it will be successful because Ogun State is part of the family of states that belong to the Dahomey Basin, a geographical area that starts from just beyond the Delta and goes all the way to the Eastern part of Ghana. And when you look at the fact that there are OPLs that have become very prolific by the Delta and that other oil -producing explorations have been made by Benin Republic and Ghana, it stands to reason that that same Basin that our state belongs to, when that exploration commences, should be very positive. Beyond that, we have studies that have revealed that in 1937, Shell Darcy Nigeria Ltd began exploring for oil in Nigeria and in Dahomey Basin and actually explored oil around Ogun State, around where we now have OPL 303, OPL 306, OPL 307. Unfortunately, as soon as they discovered oil in Oloibiri, they abandoned the exploration in Ogun State.”

    That abandonment, evidently, is now history. Himself a big player in the oil industry before he assumed the reins at Oke Mosan, Abiodun, following his inauguration as the Gateway State’s fifth democratically elected governor, devoted his energy and expertise to bear in ensuring that Ogun is counted as an oil-producing state. For Ogun, an industrial hub boasting Nigeria’s fastest growing population and industrialization, being oil-producing is long overdue. Apparently, as oil exploration kicks off, Nigeria’s manufacturing capital will be able to contribute a greater quota to the federation’s revenue profile. With increased revenue for itself, enhanced job creation and the creation of an enabling environment for allied companies in the oil industry, the oil prospecting will be a game changer in the economic life of Ogun State. It will facilitate greater development and help to address infrastructure decay. It will attract investors and have value chain effects down the line. The multiplier effects on the Ogun economy cannot be quantified.

    Actually, when the governor’s latest intervention in allied with projects like the dry port at Kajola and the agro cargo airport at Ilishan, the fact becomes clear that Prince Abiodun has written his name in gold. No government in Ogun State recorded his kind of achievements in so short a time. The Gateway International Airport is world class, not an instance of “airport for airport’s sake.” As Ogun turns the sod in Kajola in the next few weeks, taking advantage of the rail line passing through it, the Abiodun project of turning it into a giant construction site becomes even more evident. Almost on a daily basis, people are moving into ogun because of the arable land and food production,  and its status in the next few years is bound to be enviable, a fitting tribute to the genius of the man political naysayers gave no chance. Now the rejected stone has become the head of the corner. The best, clearly, is yet to come…

    •Akinmade is Special Adviser on Media and Communications to the Governor of Ogun State, Prince Dapo Abiodun  CON.