Tag: Ademola Oshodi

  • Why ‘Nigeria First’ policy is long overdue, by Tinubu’s aide

    Why ‘Nigeria First’ policy is long overdue, by Tinubu’s aide

    The Senior Special Assistant to President Bola Tinubu on Foreign Affairs, Ademola Oshodi, has said the administration’s “Nigeria First” policy is not only necessary but long overdue,. He stressed that the country must reduce its over-reliance on imported goods.

    Speaking during an interview on a national television  yesterday, Oshodi likened the approach to the “America First” policy, stating that Nigeria has for too long functioned as an import-dependent economy, especially in areas like refined petroleum products.

    “Now we have the Dangote refinery and others coming up,” he said.

     “We are no longer where we used to be -importing refined products. We’re finally moving toward self-reliance.”

    Oshodi’s previous article on how an African First resonates with this new bold initiative of the Nigerian government.

    He explained that the ‘Nigeria First’ policy is built around optimising local production, reducing the pressure on foreign exchange, and attracting investments that will strengthen the country’s economic base.

    He said: “Nigeria first policy gives us the memories of the American administration of America first. I believe it’s something that is not just necessary. It’s long overdue. It’s because Nigeria’s been a very much of an import country. We import a lot of our products, processed and in many ways, refined.

    “Of course, the market people still compete and bring refined products in. But Nigeria is moving away from that imported culture. So, we have self-reliance that the Nigeria first policy thinks about is way overdue.

     “We have a tremendous amount of human resources, natural resources, and we have a lot of investments coming in, a lot of investments being attracted by the president. But to his foreign travels and attracting people bringing in money for livestock, issues of finance, we’re getting loans. We have an infrastructure fund coming in.

    “So, it’s a great time to think more about what we can produce rather than what we can import, which, in many ways, when we import these, it exacerbates our foreign exchange issues. So, we have more pressure to get dollars, which in many ways affects our currency.

    He acknowledged that past efforts, such as Executive Order 5 by former President Muhammadu Buhari, laid the groundwork, but argued that what differentiates Tinubu’s administration is leadership and the will to implement.

    “The difference is leadership. President Tinubu is determined to build a $1 trillion economy. We now have a leader who is focused on making existing laws and policies actually work,” Oshodi stated.

    He added, “Well, the difference is the leadership of the country. We have a new president who is very determined to ensure the Nigerian economy is structured to a more reliable and self-sufficient, and sustainable economic base, something that we can build on to have an economy that would give us about $1 trillion, worth over $1 trillion. So, leadership is different now.

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     “We also have acts, legislation has been put in place, local content, which is also ensuring that Nigerians take the helm, and many of these companies, these foreign companies that come to Nigeria. It’s not just having those acts, but having somebody who can drive it, somebody who is determined to make those laws alive, to keep them alive. It’s one thing to create laws and acts, it’s one thing to ensure that it’s purposeful.

    “And we’ve seen with this president, he’s very determined. He’s very determined to ensure the right things are done. Regardless, I mean, though we go through short-term pain, the medium and long-term gain is something that is well in his sight and is focused on. So, this is not business as usual, I should say. And I think we should give him the benefit of the doubt.”

    Touching on global trade dynamics, Oshodi noted that rising protectionism, especially the U.S. raising tariffs under President Donald Trump, should push Nigeria to rethink its dependency on Western markets.

    He urged Nigeria to explore trade opportunities with the East, citing China, India, Indonesia, Japan, and South Africa as key targets.

    He also warned that with the African Growth and Opportunity Act (AGOA) expiring in September 2025 and unlikely to be renewed, Nigeria must open new markets for its products.

    On foreign policy, Oshodi highlighted the administration’s “4D” approach—Democracy, Demography, Development, and Diaspora, saying that Tinubu’s global engagement is focused on security, investment, and multilateral partnerships such as with BRICS, G20, and ECOWAS.

    He emphasised the need to secure Nigeria’s borders, combat piracy, and ensure that trade agreements like the African Continental Free Trade Agreement (AfCFTA) are maximally leveraged.

    “This is not business as usual. The president’s reforms are about building a sustainable and secure future. We’re putting Nigeria first—not just as a slogan, but as an economic and diplomatic reality,” Oshodi concluded.

  • ‘Nigeria First’ is long overdue — Tinubu’s foreign affairs aide Oshodi explains

    ‘Nigeria First’ is long overdue — Tinubu’s foreign affairs aide Oshodi explains

    The Senior Special Assistant to President Bola Tinubu on Foreign Affairs, Ademola Oshodi, has said the administration’s “Nigeria First” policy is not only necessary but long overdue, stressing that the country must reduce its over-reliance on imported goods.

    Speaking during an interview on Channels TV’s ‘Lunchtime Politics’ on Tuesday, Oshodi likened the approach to the “America First” policy, stating that Nigeria has for too long functioned as an import-dependent economy, especially in areas like refined petroleum products.

    “Now we have the Dangote refinery and others coming up,” he said. “We are no longer where we used to be -importing refined products. We’re finally moving toward self-reliance.”

    Oshodi’s previous article on how an African First policy would look like resonates with this new bold initiative of the Nigerian government.

    He explained that the ‘Nigeria First’ policy is built around optimising local production, reducing the pressure on foreign exchange, and attracting investments that will strengthen the country’s economic base.

    He said, “Nigeria first policy gives us the memories of the American administration of America first. I believe it’s something that is not just necessary. It’s long overdue. It’s because Nigeria’s been a very much of an import country. We import a lot of our products, processed and in many ways, refined.

    “Of course, the market people still compete and bring refined products in. But Nigeria is moving away from that imported culture. So, we have self-reliance that the Nigeria first policy thinks about is way overdue.

     “We have a tremendous amount of human resources, natural resources, and we have a lot of investments coming in, a lot of investments being attracted by the president. But to his foreign travels and attracting people bringing in money for livestock, issues of finance, we’re getting loans. We have an infrastructure fund coming in.

    “So, it’s a great time to think more about what we can produce rather than what we can import, which, in many ways, when we import these, it exacerbates our foreign exchange issues. So, we have more pressure to get dollars, which in many ways affects our currency.

    He acknowledged that past efforts, such as Executive Order 5 by former President Muhammadu Buhari, laid the groundwork, but argued that what differentiates Tinubu’s administration is leadership and the will to implement.

    “The difference is leadership. President Tinubu is determined to build a $1 trillion economy. We now have a leader who is focused on making existing laws and policies actually work,” Oshodi stated.

    He added, “Well, the difference is the leadership of the country. We have a new president who is very determined to ensure the Nigerian economy is structured to a more reliable and self-sufficient, and sustainable economic base, something that we can build on to have an economy that would give us about $1 trillion, worth over $1 trillion. So, leadership is different now.

    “We also have acts, legislation has been put in place, local content, which is also ensuring that Nigerians take the helm, and many of these companies, these foreign companies that come to Nigeria. It’s not just having those acts, but having somebody who can drive it, somebody who is determined to make those laws alive, to keep them alive. It’s one thing to create laws and acts, it’s one thing to ensure that it’s purposeful.

    “And we’ve seen with this president, he’s very determined. He’s very determined to ensure the right things are done. Regardless, I mean, though we go through short-term pain, the medium and long-term gain is something that is well in his sight and is focused on. So, this is not business as usual, I should say. And I think we should give him the benefit of the doubt.”

    Read Also: Tinubu presents N1.78 trillion FCT budget to NASS

    Touching on global trade dynamics, Oshodi noted that rising protectionism, especially the U.S. raising tariffs under President Donald Trump, should push Nigeria to rethink its dependency on Western markets.

    He urged Nigeria to explore trade opportunities with the East, citing China, India, Indonesia, Japan, and South Africa as key targets.

    He also warned that with the African Growth and Opportunity Act (AGOA) expiring in September 2025 and unlikely to be renewed, Nigeria must open new markets for its products.

    On foreign policy, Oshodi highlighted the administration’s “4D” approach—Democracy, Demography, Development, and Diaspora, saying that Tinubu’s global engagement is focused on security, investment, and multilateral partnerships such as with BRICS, G20, and ECOWAS.

    He emphasised the need to secure Nigeria’s borders, combat piracy, and ensure that trade agreements like the African Continental Free Trade Agreement (AfCFTA) are maximally leveraged.

    “This is not business as usual. The president’s reforms are about building a sustainable and secure future. We’re putting Nigeria first—not just as a slogan, but as an economic and diplomatic reality,” Oshodi concluded.

  • Trump’s new order: Nigeria has comparative advantages to change global narrative, says Tinubu’s aide Oshodi

    Trump’s new order: Nigeria has comparative advantages to change global narrative, says Tinubu’s aide Oshodi

    As U.S. President Donald Trump reshapes America’s foreign policy with an “America First” agenda, Nigeria is positioning itself to navigate the evolving international order.

    Ademola Oshodi, Senior Special Assistant to President Bola Tinubu on Foreign Affairs, has highlighted Nigeria’s comparative advantages over other African nations in adapting to these shifts.

    In an interview with Arise TV, Oshodi addressed key concerns, including the potential impact of Trump’s policies on U.S.-Nigeria relations, foreign aid reductions, security cooperation, and economic diplomacy.

    Nigeria’s response to U.S. Aid cuts

    One of the immediate challenges posed by Trump’s foreign policy is the reduction in U.S. aid, particularly in health interventions such as HIV programs.

    However, according to Oshodi, the Nigerian government has proactively allocated N4.8 billion to mitigate the impact of these cuts.

    Oshodi said: “It’s a shock to everybody, and the Nigerian government has not taken a clear position yet. But President Tinubu’s administration acted swiftly to ensure there are no gaps in critical areas like healthcare.

    “Everybody’s still watching the space and seeing how things evolve. But I know the Nigerian government led by President Bola Tinubu has come out with N4.8 billion now to make up for any loss that Nigeria is receiving from U.S. support especially the fight against HIV and other health interventions that Americans may have been funded. So that’s encouraging, at least we’re jumping ahead to ensure that there’s no lack.

    “I must say it was very fast. A lot of Nigerians were surprised that it looks like our government is thinking way ahead of time. It was a very swift policy.

    “All the African countries are looking and scrambling to see how to adjust. And again, this U.S. is a suspension, as you said, for 90 days.

    “So, it could be reversed, things could be amended. I think Nigeria has a comparative advantage over other African countries. The West, America needs Nigeria.

    “We need them for our leadership role in Africa, in West Africa particularly, against the Sahel. American national interest and security interest are affected by issues happening around the Sahel, as you well know. And also Nigeria is a huge energy provider, stabilizing the cost of America’s consumption of energy.

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    “They are the biggest consumers. Nigeria is also helping in the security around the Gulf of Guinea, piracy, and things like that. But America can use Nigeria, and they do use Nigeria as a projection, as an extension of their foreign policy.

    “So, America may not be too obvious in their footsteps and footprints around West Africa or Africa. And they need the leadership of countries like Nigeria to say, look, you know what, Nigeria, help us navigate this issue in West Africa, let us look at what’s happening there, help us check the Chinese counterweight. I mean like the Gulf of Guinea, which you just talked about, our navy is super strong.”

    He emphasised that this rapid response demonstrates Nigeria’s ability to think ahead, setting an example for other African nations grappling with similar aid reductions.

    Oshodi said the U.S.-led order, the rules-based order or the liberal international order, has been replaced with undiluted national interest, or the America First doctrine.

    Nigeria’s strategic importance to the U.S.

    Despite Trump’s shift from multilateralism, Oshodi emphasized that Nigeria remains a vital U.S. partner, especially in security and energy cooperation.

    “America needs Nigeria. Our leadership role in Africa, our influence in West Africa, and our contributions to regional stability make us indispensable to their national security interests,” he explained.

    “Nigeria plays a significant role in securing the Gulf of Guinea, combatting piracy, and stabilizing energy markets”, he said.

    Diplomatic engagement and immigration policy

    When asked about the Nigerian government’s engagement with Trump’s administration, Oshodi acknowledged that it is still in the early stages.

    He pointed to historical precedent, noting that during Trump’s first term, his first African guest at the White House was former Nigerian President Muhammadu Buhari.

    “America does not play with Nigeria. We are a major market, a security ally, and a democratic partner. I expect that the relationship between Trump and President Tinubu will develop in a positive direction,” Oshodi stated.

    He said the recent US immigration issue on deportation is a domestic policy

    “The issues of Nigerians in the diaspora living in the United States, that’s a different matter. You know, I’m not sure how it’s going to, l think it would affect any illegal immigrant or anybody seeking residency in America. It affects all nationalities. That has nothing to do with America’s or Nigeria’s foreign policy or Nigeria’s role in Africa”, he said.

    Speaking on the Nigerian government’s relationship with President Trump, the presidential aide noted: “I think everybody is still watching. This is less than a month since the American president has been in charge.

    “And I don’t think there’s anything unusual about that. But I can say again that America does not play with Nigeria. Nigeria’s interest, their interest aligns a lot with us.”

    On the issue of a substantive ambassador in the U.S., Oshodi stated: “The issue of the presidency and the ambassador is very important. I can’t underplay that, but it is something the president is looking into. They have approved over 54 billion for the renovation and upkeep of the missions. We have diplomats and chargé d’affaires sent there, as well as consul generals, acting as a prelude to the ambassadors. So, I believe the ambassadors are coming very soon.”

    “He added, “I’m quite sure about that. However, they’re waiting for the House to pass the budget. That’s not in the president’s hands. We must recognize the separation of powers between the presidency and the legislature House.”

    On the issue of deportations, Oshodi clarified that U.S. immigration policy is a domestic matter and does not directly impact U.S.-Nigeria diplomatic relations.

    However, he expressed concern over the treatment of deportees and called for humane procedures.

    “It’s the way the Americans handle things,” he said. “We knew this was common with the Trump presidency. I’m pretty sure the Nigerians, Africans, and other immigrants living in America saw this coming. They voted for this president and this party, and now the policies they promised are being enacted.”

    African unity and economic diplomacy

    Amid rising tensions between the U.S. and South Africa over trade policies, there have been calls for African nations to take a unified stance.

    When asked whether Nigeria would join South Africa in restricting mineral exports to the U.S., Oshodi dismissed the idea of severing trade ties but supported greater African coordination.

    “Nigeria must focus on its national interest. We need to leverage what the West, China, and other powers require from us to maximize our economic and geopolitical gains,” he said.

    Oshodi highlighted Tinubu’s strong push for economic diplomacy, citing his international engagements aimed at attracting investment and solidifying Nigeria’s global standing.

    He said President Tinubu’s bold economic reforms are positioning Nigeria as an economic powerhouse from fiscal policies to foreign investments, these reforms are laying the foundation for sustainable growth and stronger global partnerships.

    Looking ahead: Nigeria’s role in the new world order

    As Trump’s administration moves away from traditional liberal foreign policies, Oshodi argued that Nigeria must adapt by emphasizing its strengths.

    He said: “America needs a secure and stable energy supply. They need Nigeria for security cooperation in West Africa. They prefer African-led solutions to regional conflicts rather than deploying U.S. troops.

    “Nigeria also plays a key role in global economic realignments, balancing relationships between the West, China, and emerging powers like India and Brazil. With a youthful population and vast natural resources, Nigeria is positioned to be a pivotal player in shaping Africa’s response to the new international order.

    Oshodi also expressed confidence that Nigeria will navigate these changes strategically, ensuring its interests are protected in an era of shifting alliances and geopolitical recalibrations.

  • The high-stakes interplay between global business and geopolitics in Nigeria, by Ademola Oshodi

    The high-stakes interplay between global business and geopolitics in Nigeria, by Ademola Oshodi

    Oshodi, the Senior Special Assistant to the Nigerian President on Foreign Affairs and Protocol, writes about President Bola Tinubu’s economic policies in this article.

    Africa’s most populous nation and fourth-largest economy, Nigeria, is relevant in global business and geopolitics. Its vast resources, dynamic population, and regional leadership present opportunities and challenges to global players navigating economic interests and political realities.

    As Africa’s largest market, Nigeria’s human and mineral resources, expanding middle class, and youthful demographic create lucrative opportunities for global businesses. Its rich oil reserves, growing renewables, and agricultural potential present diverse opportunities in international energy markets and investment. 

    Considering the promise of change in the new year – particularly Trump’s re-emergence to office – leveraging the dynamics of international business and geopolitics could solidify Nigeria’s global influence.  

    Energy Politics: Nigeria’s role in global power struggles

    As global geopolitics and economies evolve, Nigeria’s energy sector is crucial to sustainable development. As a member of OPEC, Nigeria is influential in determining global oil prices. The country’s oil and gas production is the largest in Africa and the 15th worldwide, with an estimated proven oil reserve of 37.50 billion barrels and natural gas reserves of 209.26 trillion cubic feet.

    Nigeria’s energy sector is critical to global markets, supplying Europe, Asia, and the Americas. Its crude oil exports increased from 1.16 million barrels per day in 2023 to over 1.8 million in 2024. 

    However, this strategic position makes Nigeria a site for geopolitical competition between Western energy giants and Chinese state-owned enterprises which increasingly seek to gain a foothold in its oil sector. 

    Western companies like Shell, Chevron, and Total with decades-long operations in Nigeria, face increasing competition from Chinese energy firms who have made significant inroads through partnerships, investments, and infrastructure projects, with over $17 billion invested in Nigeria’s oil sector in 2018. 

    However, this geopolitical competition is compounded by domestic concerns like corruption, local content laws, and environmental degradation. 

    Tech and digital infrastructure: A new frontier for global business

    Nigeria has experienced significant digital transformation. Its growing digital economy is attracting global venture capital (VC). 

    Tech startups raised over $1.5 billion in 2021, making Nigeria Africa’s largest recipient of VC funding. Startups like Flutterwave, Paystack, and Andela are positioning Nigeria as Africa’s largest fintech hub, driving innovation.

    Geopolitical dynamics like the race for 5G infrastructure influence this sector. Chinese tech giant, Huawei’s 5G technology deployment in Africa, including in Nigeria has sparked the United States’ (U.S.) concerns over national security risks, calling for greater scrutiny of Chinese investments.

    However, the increasing presence of multinational tech companies like Google, Microsoft, and Amazon highlights Nigeria as a key player in the global tech ecosystem.

    Balancing geopolitical, economic interests, and risks

    Nigeria’s leadership in Africa, and multilateral organizations like ECOWAS and the African Union, underscore its geopolitical importance. Its relationships with major powers like the U.S., China, and the European Union, prioritize its national interests.

    Nigeria’s intensified engagement with China recently focused on infrastructure development and trade. In 2023, the China-Nigeria trade volume exceeded $20 billion, making China Nigeria’s largest trading partner. 

    While some critics highlight concerns over China’s “debt trap” diplomacy, Nigeria leverages it to address infrastructural deficits and drive economic growth. 

    Meanwhile, U.S.-Nigeria’s partnership primarily focuses on governance, security, and democracy, with the U.S. being a major source of foreign direct investment, especially in the oil and gas sector. 

    Also, Nigeria is harnessing its position in key trade agreements like the African Continental Free Trade Area – Africa’s growing single market – to further integrate into regional and global supply chains.

    While regulatory barriers, corruption, security risks, and bureaucratic inefficiencies have constituted major challenges to the Nigerian business environment, recent government reforms to streamline operations, reduce costs, and attract FDI have improved the ease of doing business. 

    However, security remains a concern in northern Nigeria with the Gulf of Guinea ranked as one of the most dangerous regions for shipping. Nonetheless, Nigeria’s vast market, resource wealth, and emerging sectors offer investment potential.

    The path forward: Strategic governance and global partnerships

    Nigeria must prioritize reforms that enhance governance, security, and economic diversification to unlock its full potential. 

    President Tinubu’s administration has focused on economic transformation and strategic foreign policy. His efforts to streamline regulations, strengthen institutions, and foster international partnerships are central to Nigeria’s future. His participation in global platforms like the G20 and BRICS reflects Tinubu’s ambition to enhance Nigeria’s diplomatic influence and global economic relevance. 

    Read Also: Presidential aide Ademola Oshodi reviews Tinubu’s first media chat

    Amid growing tension between the West and East, Nigeria faces a delicate interplay of business and politics. For global stakeholders, Nigeria represents both a challenge and an opportunity.

    Their success in Nigeria hinges on sustainable, ethical practices, local adaptation, and ensuring mutual growth and long-term impact. 

    Nigeria’s role in the global economy is undeniable. As a resource-rich nation with a burgeoning tech sector and a dynamic workforce, Nigeria offers vast opportunities for investment and partnerships. Nigeria’s ability to manage internal challenges and external relationships will shape its future and define Africa’s trajectory.

  • Presidential aide Ademola Oshodi reviews Tinubu’s first media chat

    Presidential aide Ademola Oshodi reviews Tinubu’s first media chat

    …praises the president’s transparency, boldness

    The Senior Special Assistant to the President on Foreign Affairs and Protocol, Ademola Oshodi, has commended President Bola Ahmed Tinubu’s approach during his first media chat held on Monday, December 23.

    The discussion covered critical national issues, including the economy, security, education, agriculture, and health. 

    Speaking on TVC News on Tuesday, Oshodi remarked that no president in Nigeria’s history has been as candid and assertive in outlining their policies and objectives as Tinubu.

    He praised Tinubu for fiercely defending his reforms, emphasizing their long-term benefits for the nation. 

    Oshodi emphasised the president’s transparency in addressing all questions, noting that representatives from various media houses, including those often critical of his administration, were present during the session. 

    “The president clearly articulated his policies, explaining to Nigerians what he aims to achieve and the methods he plans to employ,” Oshodi stated, describing Tinubu’s performance as a testament to his commitment to accountability and national progress.

    He said: “I could be rather biased, but I will try to be fair and objective. There’s no other president who has been quite frank and bold in his policies and objectives. The president fiercely defended his policies and reforms, making a case that they were good for the country. He asserted that he knew what he was doing and that we should be patient.

    “He was quite open. He had all the media houses there, even those that typically may not be favourable towards him. So his policies were laid out, he defended them, and he told the Nigerian public that this was what he meant and how he was going to do it.

    “He also defended the fact that nothing could deter him from bringing about a better life and changing the situation in Nigeria. Many of his policies are controversial and extremely painful, but his intentions were very clear. I believe he reached out to the Nigerian population beyond the utterances from social media or media that would be less objective regarding his case.

    “He reached out directly to Nigerians and told them this is what he plans, what he intends, and how it will change your life. He made great promises for 2025, which I was rather excited about. So, I believe it was quite a formidable and unofficial media chat directed to the Nigerians.

    Commenting on the president’s assertion that Nigeria is on the path to recovery and his unwavering stance on the removal of fuel subsidies during his 2023 inauguration, Oshodi expressed confidence in the president’s understanding of the nation’s challenges.

    He highlighted the president’s reference to individuals, including the affluent, who have adjusted their lifestyles by reducing vehicle usage and scaling back on the number of vehicles they operate.

    He said: “I do believe he understands what Nigeria is going through, and I’ll tell you why. He referred to people who have changed their mode of life; affluent individuals who reduce their vehicle usage and the number of vehicles. Importantly, he has consistently mentioned that he understands and is aware of the pain Nigerians are experiencing.

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    “He has repeatedly stated this, and even his Minister of Finance has affirmed it, alongside all the heads of government. It is something he is aware of. I can tell you that his tenure as Governor of Lagos State encompassed many challenges.

    “I remember that in parts of Lagos, he cleaned markets, streets, and trading areas. He was one of the first governors to undertake such actions, clearing many of the arteries through which cars and buses travel. It was very painful for a lot of Lagosians. He went out onto the streets and explained to them the reasons for his actions. We traverse many parts of Lagos right now. There is clear movement.

    “He has his vision, and you cannot take that away from him. He knows where to start, how to start, the process involved, and the conclusion. This is a matter of experience. He is empathetic towards what people are going through, and he is consistently in communication with the country, which is very important.

    “There is no need to simply state something and then sit back and watch events unfold. He is genuinely in constant communication. He articulates in every press conference he holds, whether in Nigeria or abroad, his reforms and intentions while addressing the issues people are facing.

    “It is never going to be easy. Reforms can be painful. You can reference historical events in various places around the world, such as when Indira Gandhi enacted reforms.

    “The Congress Party in India, in recent times, undertook economic reforms. We can also discuss how China opened up its economy following Chairman Mao’s rule and the changes that took place. You can mention Russia and its experiences.

    “They were subsidising everything. They were queuing for bread and various staple items, which were heavily subsidised.

    “You can consider the UK, regarding the welfare system that Margaret Thatcher reformed by confronting the unions. The UK is now one of the most thriving economies in Europe. It is a painful process.

    “He knows the importance of history, has communicated this, and has demonstrated his commitment to following through. I believe he understands the challenges Nigerians face and is on the right track to resolve them. The reality is, there is a thin line between sympathy and empathy.

    Addressing concerns about whether the government recognizes the sharp rise in the cost of living for many Nigerians in recent months, which has made affording basic necessities challenging, Oshodi remarked: “I would even assert that this extends beyond recent months. Over the years, we have been patching things up. We have been patching. We have been subsidising our future, subsidising the economy’s potential. We were meant to be the largest economy in Africa. S, we’ve been living a lie in many cases because that has not been our true state of affairs.

    “The President has clearly stated that he’s open for business. He’s ready to change things and encourage investments in Nigeria. You can’t attract investments if an investor coming in from anywhere sees that your economy is subsidised. We can’t compete. The government is providing freebies for oil consumption, electricity, and forex. So, it’s just not authentic. And the President has taken steps to address that.

    Commenting on the reforms initiated by the Bola Tinubu administration, he expressed confidence that these changes would positively transform the nation.

    He said: “Regarding these reforms and how you explained them, again, it’s a necessary process, painful, albeit very painful. I’m pretty sure life has changed a lot for Nigerians. Even Nigerians in the Diaspora have huge demands.

    “People from back home are asking them for more money. Even on the roads of Lagos, there’s less traffic because fewer people are using their vehicles. But things will balance.

    “There will be an equilibrium whereby market forces and people will adjust their lives for better outcomes. So there’s no way you can improve the economy without these reforms. There’s absolutely no way.”

    “President Tinubu did say that his administration has been able to meet its financial obligations without resorting to NNPCL for funding. So, the government is managing, no doubt.

    Reacting to the President’s statement that he doesn’t believe in price controls, where the market should be supplied while allowing the forces of demand and supply to determine prices, he said the President expressed his confidence in the reforms showing more impact on the Nigerian population in the approaching year of 2025.

    He said: “Well, I can tell you this much: the President has stated that he has confidence in his reforms showing more impact on the Nigerian population in the approaching year of 2025. So, that’s encouraging. But I want to state clearly that reforms are a continuous process.

    “You can have a new administration coming in and reforming the system. There are various ways. It could be the electoral system. It could be the financial system. It could even involve issues of infrastructure. It could very much involve foreign policy.

    “There’s always a constant need for reform. So, they can’t give a definitive time when, boom, everything is great, everything is back to normal, and we’re living in a state of paradise. So government is continuous.

    “There are always challenges. There are always different things that you least expect. I mean, who expected the massive flooding and the dam breaking in Maiduguri, which affected so many people, impacted farming, and, in many ways, our GDP?

    “That was unexpected. So how do you expect, when global challenges arise, what about prices in the Middle East, how they affect our oil exports, oil production, and oil consumption? So all these things are not necessarily in the government’s control.

    “This is where reforms come into play, highlighting the fact that it’s a continuous journey. I’m confident that as the months and years unfold, it will take fusion. It will necessitate changes in the system. And the President has expressed that, as you just stated. I mean, look at NNPC. We used to depend heavily on NNPC. We used to rely so much on the means and ways of financing our budget. That, you know, has changed.

    “Even debt decreased from 98 percent or 97 percent to 68 percent, according to the President. It’s remarkable. We’re not just paying off debt; we are reducing our debt portfolio and using the money for other necessary things in the economy. So it’s a change. You tell people on the street, you tell the Okada driver, you tell the market woman that this is what the President is saying.

    “And they are like, it doesn’t affect me. It doesn’t change the hardship I’m experiencing. But I will tell you that, hopefully, that market woman, that Okada driver, that person in the village will see changes as the months, weeks, and years go by because they are structural changes.

    “It’s going to affect their lives. They will have a way whereby they can show that, OK, if I farm, I will be able to go to the farm. Security will improve. I’ll be able to sell my produce. I’ll be able to send my children to school. I’ll be able to move from one part of the country to another without fear of being kidnapped.

    President Tinubu’s cabinet size

    Speaking on President Bola Ahmed Tinubu’s cabinet size, Oshodi remarked that simply reducing the number of ministers or limiting luxury expenditures like car purchases is insufficient for achieving effective governance.

    “Believe me, cutting the cabinet size or reducing luxury car purchases is not enough if you want to talk about cutting government. There has to be a very efficient system in place. The government has revamped the RSO report.

    “That is something that is on the agenda. The RSO report, I will just tell you, viewers, is streamlining the numerous federal parastatals and agencies. So that’s something the government is looking into, reviewing.

    “So that it is more, I would say, impactful, if there’s anything. But no, cutting governance is not the be-all and end-all. We have to consider, as the President said, what is efficient. How do you ensure that people in positions are doing the job and doing it effectively? Believe me, if you have 20 ministers, does that make government cheaper? You have a greater concentration of work and more portfolios.

    “But it doesn’t change. There are still issues; there are things that each minister is responsible for, encompassing all facets of the economy and political life. And there’s also a constitution that states that each state must be represented in the government’s cabinet.

    “So how do you deal with that? How do you manage that? So cutting governance, I believe, is a grounded task. It’s not just about cabinets; it’s not just about luxury cars, as bad as that optics may be. It really is about efficiently running the government.

    “And the President has explored ways of reviewing how the civil service operates, the government’s foreign trips, and many methods to ensure that the government is efficient.”

    On President Tinubu’s concept of fighting corruption

    Oshodi also spoke about President Tinubu’s approach to combating corruption, which includes closing loopholes, raising the standard of living, and increasing the minimum wage.

    He remarked that fighting corruption is probably the second greatest challenge to humanity after bringing Adam and Eve into the world.

    He acknowledged the bold steps the Tinubu administration has taken, pointing to the EFCC’s activities and the judiciary’s independence as evidence of progress in the fight against corruption.

    According to him, “In society, we have that challenge. It’s just ensuring that we have strong institutions. I can’t stress this enough.

    “You have strong institutions: you have the judiciary, you have the EFCC, you have the police force, you have the border agencies, customs, immigration, and even the person on the street not cheating a customer seeking to buy a specific item from him. So it’s a human thing. The President has taken bold steps towards that. You can see the outcome of what the EFCC is doing and the independence of the judiciary.

  • Aide lists gains from Tinubu’s trips

    Aide lists gains from Tinubu’s trips

    Ademola Oshodi, senior special assistant to the President on Foreign Affairs and Protocol, has shed light on the strategic importance of President Bola Tinubu’s foreign engagements.

    Speaking during an appearance on “Inside Sources” on Channels Television, with Laolu Akande, Oshodi outlined how these diplomatic trips are unlocking opportunities for Nigeria.

    Oshodi emphasised that the President’s travels are designed to position Nigeria as a key player on the global stage, with a focus on fostering growth and innovation in critical sectors.

    He noted that these engagements have resulted in partnerships, particularly in critical infrastructure development and energy transition initiatives.

    He underscored the broader impact of these initiatives, explaining how they strengthen bilateral ties while advancing Nigeria’s role in driving Africa’s collective development agenda.

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    Oshodi said: “President Tinubu’s trips are strategic moves designed to position Nigeria for opportunities on the global stage, paving the way for growth and innovation across key sectors.

    “These engagements have already yielded significant partnerships, particularly in critical infrastructure and energy transition. These efforts are fostering bilateral ties and unlocking opportunities for job creation and economic innovation in Nigeria.

    “Beyond diplomacy, these initiatives are about sustainable development—ensuring that our international collaborations deliver tangible benefits for Nigerians. As a major player in Africa, Nigeria’s active participation also contributes to driving the continent’s collective development agenda.”

    “These trips are not just about diplomacy; they are strategic moves aimed at sustainable development. Our international collaborations are yielding tangible benefits for Nigerians, including j ob creation and economic innovation.”

    As Nigeria leverages these opportunities, Oshodi reaffirmed the administration’s commitment to ensuring that international partnerships translate into meaningful progress for citizens and contribute to the nation’s long-term prosperity.