Tag: Nigeria

  • How Nigeria added territory without war, litigation

    How Nigeria added territory without war, litigation

    By Garba Shehu

    With the important announcement of the accession of United Nations to the nation’s request for the extension of the country’s continental shelf a few days ago,  no one should be in doubt any longer about the rising capacities of Nigeria in the emerging geopolitical equation, globally.

    Adnan Rashid Nasser Al-Azri, chairman of the United Nations Commission on the Limits of the Continental Shelf (CLCS), who disclosed the development, said following a successful submission, Nigeria’s continental shelf had now been extended from 200 nautical miles to 220 nautical miles.

    The government of Nigeria under President Bola Tinubu promptly acknowledged this and praises the UN for acceding to the nation’s request.

    The continental shelf of a sovereign state comprises the seabed and subsoil of the submarine areas that extend beyond its land territory to the outer edge of the continental margin.

    The effort to extend, as much as possible, Nigeria’s continental shelf began with a submission on May 9, 2009 following new rules of engagement in accordance with Article 76 of the United Nations Convention on the Law of the Sea (UNCLOS) of 1982.

    Read Also; I’ll justify the trust Nigerians place on me – Tinubu

    According to the convention, littoral states that pass the test of appurtenance qualify to make applications backed by geological and geophysical data to the United Nations.

    On that day, Nigeria made a submission for an extended continental shelf to the United Nations Commission on the Limits of the Continental Shelf (CLCS), the UN body made up of 21 experts from all over the world charged with the responsibility of examining and approving all applications for an extended continental shelf. According to the country’s Ministry of Justice, Nigeria’s submission had teething problems right from the onset. The UN sub-commission appointed by the CLCS to consider Nigeria’s submission after its initial examination queried so many aspects, including the qualifier test of appurtenance and requested for more data and information in order to proceed with the consideration.

    From the time the submission was made in May 2009, the project virtually came to a standstill because of lack of funds, and the UN sub-commission kept sending invitations to Nigeria to submit the data it requested, and also respond to the queries it posed, but the country could do none of these because there were no funds to conduct the data collection surveys.

    This lull spurred the Nigerian Senate at its sitting on February 14, 2013, having recognized the causes of the delays, to make resolutions, asking government to fund the project and constitute an independent technical body to manage the Extended Continental Shelf Project and to cut out bureaucracies of government.

    When President Muhammadu Buhari came in 2015, the project was at a standstill, and when he was briefed on November 4, 2015 by the National Boundary Commission, he immediately constituted the High Powered Presidential Committee on Nigeria’s Extended Continental Shelf Project (HPPC) on November 5, 2015.

    He named the then Attorney General and Minister of Justice, Abubakar Malami to chair the committee, with Surveyor Aliyu Omar as member/secretary. Other members of the committee included Professor Lawrence Awosika (the chairman of the UNCLCS at that time, himself a Nigerian), Mr. Lufadeju Aderinola from the Department of Petroleum Resources, Dr. Regina Folorunsho from the Nigerian Institute of Oceanography, Rear Admiral Chukwuemeka E. Okafor, the Hydrographer of the Nigerian Navy, Mr. Victor John from the Federal Ministry of Environment, Mr. Zachariah M. Ifu from the Federal Ministry of Foreign Affairs and the Director General, National Boundary Commission, Dr. M. B. Ahmad.

    The then president mandated the committee to “among other things, steer the remaining aspects of the project including the successful extension of Nigeria’s maritime territory beyond 200 metres”. The goal for the constitution of the HPPC was to cut down on government bureaucracies, as the only way to enable the commencement of the consideration of our submission on time and save the government funds.

    In his charge to the committee, President Buhari said “I am looking forward to the day that I can announce to Nigerians that additional maritime territory has been approved for Nigeria by the United Nations Commission on the Limits of the Continental Shelf”.

    “I have always had special interest in this project right from the first day I heard of it, because this type of project where Nigeria will gain additional territory without conflict has never happened before in her lifetime.

    “It is my intention to support the submission to the United Nations for additional maritime area, in accordance with the United Nations Convention on the Law of the Sea (UNCLOS) to claim for Nigeria every bit of space that she deserves under UNCLOS.

     ”It is pleasing to know that most wars that have taken place in the world since time immemorial including present times have always been territorial, and Nigeria has this one and only chance to gain territory without war, litigation, or purchase.

     ”More so when this territory lies within the area dubbed as ‘the Golden Triangle’ in the Gulf of Guinea, which contains unquantifiable resources some of which have not even been discovered.’’

    Upon its inauguration, the committee immediately swung into action by first undertaking a new data collection survey to provide the much-needed data and information tailored to fit in with the request of the UN sub-commission in very deep offshore which had never been surveyed before.

     The committee changed the premise that was adopted in the first submission from “evidence to the contrary” to a method based on the “General Rule” – morphology backed by geology/geophysics and, among other things gave assurances to the CLCS of a promise of the judicious use of funds accruing from sale of data through the then Department of Petroleum Resources, DPR.

    After the data collection surveys, the committee made an amended submission to the UN sub-commission on November 26, 2016, encompassing an area of about three times the size of the first Nigerian submission made in 2009.

    Following the presentation of the amended submission, the Nigerian team and the sub-commission met more than 20 times at the United Nations in New York to answer questions, clarify issues and present additional data and information, as requested by them. At these meetings, the technical team argued Nigeria’s case with many presentations and submitted additional data and information.

    While it took nine years for the first submission to be made, the HPPC under Malami took exactly nine months to make an amended submission. Nigeria made considerable progress within this period as to warrant a full CLCS plenary meeting in March 2023 for consideration and final approval of the submission. This is then led to the approval of a further 20 nautical miles to the existing maritime boundary.

    With this, the country has gained additional territory without war or conflict of any sort, litigation or purchase, as has never happened before in her lifetime. Initial surveys indicate that the added territory contains “unquantifiable resources,” that include huge oil and gas reserves.

    While the nation must thank the dedication of the previous APC administration for how the country came this far, more is still is expected of the Tinubu administration- one that has put in place a stand-alone ministry of Blue Economy in view of its significance -to bring home the expected benefits to the nation’s economy and national security.

    • Shehu is a journalist and former presidential spokesperson.

  • Nigeria boosts e-mobility to curb emissions

    Nigeria boosts e-mobility to curb emissions

    Innovators are working on motorcycles that support the climate and curb emissions.

    To address rapid motorisation, which is a major cause of congestion and pollution, firms are working with the government on bicycle-sharing schemes  to help improve air quality and reduce the rate of pedestrian accidents and fatalities linked to many private vehicles on the road.

    In line with this, there are moves replace petrol  burning tricycles in the  with clean, energy efficient electric tricycles, or E-Trikes.

    To this end, Egoras Technology, a sustainable transportation solutions firm, has launched a gas-powered tricycle, Egoras Dual-Fuel Tricycle.

    The Chief Executive Officer of Egoras Technology, Ugoji Harry, said in a statement that the tricycle was designed to address the challenges posed by the recent subsidy removal.

    He noted that the tricycle offered a cost-effective solution for urban and rural areas, while also contributing to a greener environment.

    Read Also: Glo promises to power Nigerians’ ambitions this year

    According to Harry, the dual-fuel tricycle runs seamlessly on both petrol and liquid purified gas, presenting a versatile and eco-friendly alternative for commuters.

    He added that in addition to its dual-fuel capabilities, the Egoras Dual-Fuel Tricycle boasts a user-friendly design, facilitating easy maintenance for operators.

    According to the Chief Executive, Egoras Technology, the tricycle, which is currently used in some states in the North, South, and South stands out as a reliable and powerful vehicle, boasting impressive technical specifications.

    “Constructed with high-quality materials such as aluminium, steel, and carbon fibre, the tricycle ensures durability and reliability in various terrains.

    “With a robust 10 horsepower engine, it delivers a combination of strength and efficiency. The tricycle’s top speed of 60kmph further underscores its capability, offering users a swift and dependable mode of transportation,” he stated.

    He noted that tricycles had undergone rigourous testing to ensure safety and compliance with industry standards, assuring riders and pedestrians of a secure and efficient mode of transportation.

    Harry reiterated that the firm remained dedicated to driving positive change in Nigeria’s transportation landscape, and the launch of the dual-fuel tricycle marked a significant step towards achieving this goal.

    “We encourage communities to embrace this sustainable and cost-effective solution, contributing to a brighter, more eco-friendly future.”

    He added that the company offered fleet management to help owners manage their tricycles.

    “To avail themselves of this service, customers simply need to sign an agreement with the company, ensuring a hassle-free and comprehensive support system for their tricycle ownership.

    “We have drivers in our fleet, who can use the tricycle to operate, the agreed funds will be remitted to owners until a certain period before ownership is transferred,” he concluded.

  • Of the hare and the hound and Nigeria

    Of the hare and the hound and Nigeria

    • By Mike Kebonkwu

    There is an African proverb that, “a child does not ask what killed his father until he got hold of the sword”.  Methinks Siminalayi Fubara, the governor of Rivers State had not gotten full hold of the sword before attempting to  remove the dram of the hemlock received from his predecessor and godfather, Nyesom Wike.  He probably acted too hastily before the knife got to his hand, or before he mastered the dexterity of the sword.  He was grossly ill-equipped to enter into the rings with Wike, Minister of the Federal Capital Territory; his war cabinet certainly had not been formed.  They do not belong to the same weight category in the political turf.   To engage in a fight, you have to carefully select and pick your opponent, size him up before the duel.  Do not bay for blood when you do not have the appetite for a fight and if you don’t like the taste of blood, don’t enter the ring!

    The political crisis brewing in Rivers State is more than a storm in a tea cup; it was a consuming tsunami that was bound to cripple the state.   It was beginning to gather strength but thank God the worse may have been averted, thanks to the Presidential Peace Pact, which the governor himself said he would honour the terms because it is not a death sentence.

    Politicians behave like predatory animals and would defend their colonies and territory by all means; fair and foul.  Once in power, the politician schemes to perpetuate himself in office and to continue in government by proxy at the expiration of tenure. 

    He looks for a qualified minion and willing stooge with no capacity to question his authority and orders; a glorified robot, or artificial intelligence. You are dead wrong to think that this is peculiar only to Rivers politics; it is a national malaise. 

    The problem in Rivers State is taking a toll on good governance at a huge cost.  The hallowed chamber of the state House of Assembly has been turned into a battle ground; the assembly members are everything but honourables.  Part of the assembly complex was torched and in the ensuing milieu, it was reported that the governor himself was almost shot by the police.  It is a battle of supremacy and authority over who controls the political soul and structure of the state.  Does the political structure in a state belong to the party or a godfather who runs a one-man show with puppets? 

    The governor, commissioners and assembly members in Rivers State all owe their selection to the former governor Nyesom Wike.   Fubara could not outmanoeuvre the political fox that Wike has become when he tries to assert and stamp his authority as the chief executive of the state.  Wike is a dogged fighter that does not take hostages; go and ask Atiku Abubakar. Fubara is a naive political green horn with no ideological content to confront the structure of Wike’s big war chest.  Who will blink first! 

    First, 27 members of the state assembly started plotting the governor’s removal.  The Speaker was allegedly impeached.  The 27 assembly members defected to the ruling APC.  As if that was not enough, the commissioners in Fubara’s cabinet started resigning in their numbers.  Fubara took unusual political move notwithstanding the cost and went for the broke by demolishing the state assembly complex, the symbol of democracy and Third Arm of government.  In a daring move, he proceeded to sign the 2024 Appropriation Bill passed by four members; thereby drawing the battle line.   

    Read Also: British-Nigerian health advocate bags King Charles honours list

    The state was gradually creeping into chaos and anarchy.  Suddenly everybody that was somebody started asking the president, Bola Ahmed Tinubu to intervene because they wanted peace in Rivers State.  It is their expectation and judgment that Mr President has the capacity to rein in the combatants.  He acquiesced and invited parties for a parley at the Presidential Villa, Aso Rock.  Indeed he did it in a grand style and an Eight Points Peace Pact was extracted and signed freely.  Now, the same people who pleaded and requested Mr President to intervene are the same bunch of people who are up in arms saying that he had no authority and power to get them sign a peace pact.  Common, you cannot be vacillating like the ocean, blowing hot and cold and expect every sane person to follow you, No!  Stop running with the hare and chase with the hound! 

    The crisis in Rivers State is an admixture of personal greed, the godfather syndrome. It is political as well as the legality of the actions of the politicians in disregard to the rule of law.  Our democracy and respect for the rule of law is poorer for it.  The crises have left the state poorer in virtue and economic prosperity.  The people are paying the price for the fight between the godfather and his rebellious minion who want freedom.  It must not be forgotten that whoever takes an oath of loyalty to a godfather in the cult of the underworld does not seek for liberty; his fate is sealed.  

    It is not only under the Sicilian mafia code that you have the godfather pulling the string and control of organizations and sometimes government structures.  In Nigeria, we have a political cartel that controls the power lever and government.  In Rivers State, the people appear to have surrendered their political space and power to Wike.  About 27 assembly members are his nominees.  He imposed a list of commissioners on the governor whom he handpicked without consultation with anybody to run the affairs of the state. At the word of command, 27 assembly members defected to the ruling APC while the commissioners resigned in their numbers like zombies to create crisis for the governor. 

    Now that peace appears to have returned; it is important to let the sleeping dog lie; you can’t have your cake and eat!  You have invited Mr President to intervene, he acquiesced and invited the warring parties to a parley and extracted some agreement, sealing a deal to end the crises and gave you the peace you want.  The governor has agreed to the terms of the peace pact, saying that no price is too much to pay for peace in Rivers State.  Why now the whining?  

    People should stop taking paracetamol for someone else’s headache. The governor has said it is ok by him to implement the agreement he signed.  The governor certainly may have shown acute lack of capacity to run a bureaucracy like a state, but that is the stooge; you have him and it is a deal.

    For the commissioners themselves that have resigned, one wonders how they will come back to their vomit.  It is clear where their loyalty lies; certainly, not with the governor or the state to serve the people.   On returning the commissioners back to office, it is just an intellectual sophistry to be pontificating that the governor having entered into an agreement must honour it willy-nilly; that is balderdash.   Nigeria typifies the only political environment where people run with the hare and hunt with the hound with little reflection. 

    Yes, the Minister of Federal Capital Territory is rash and irascible but to allow him to reduce the people of Rivers State to his political structure is to diminish the political worth and right of choice by the Rivers people.  It is up to the people whether they want to leave their state in the hands of unscrupulous political operatives to be impoverished and ravished.  If we are to grow democracy and rule of law, the people have to cut off the head of the king cobra which the godfather syndrome in Nigerian politics represents.

    • Kebonkwu Esq is an Abuja-based attorney.
  • Governors, Speakers, Atiku, others optimistic of better Nigeria

    Governors, Speakers, Atiku, others optimistic of better Nigeria

    • Nigerians admonished to have hope

    Governors, Speakers of state Houses of Assembly, former Vice President Atiku Abubakar and other prominent Nigerians yesterday congratulated Nigerians for seeing the end of 2023 and admonished them to have hope in a fruitful 2024 which begins today.

     Also, the United Nations which described   2023 as” the hottest year on record,” advised that  “2024 must be a year for rebuilding trust and restoring hope.”

     The governors that sent out New Year messages to residents of their states were AbdulRahman AbdulRazaq (Kwara), Babajide Sanwo-Olu (Lagos), Dapo Abiodun (Ogun), Peter Mbah (Enugu) and Hycinth Alia(Benue).

     The other Nigerians, who felicitated with Nigerians included former Vice-President Atiku Abubakar; Inspector-General of Police Kayode Egbetokun; Senate Leader Opeyemi Bamidele, former Senate President Bukola Saraki, Senator representing  Lagos East Senatoral District, Adetokunbo Abiru and Bishop of  Ibadan North (Anglican) Diocese  Williams Aladekugbe. 

     In his message to the people of Kwara State and other Nigerians, AbdulRazaq beseeched God to guide and protect them.

     He said that this year would be more fulfilling  for Kwarans as his administration would  “continue to deliver on its core mandate of ensuring safety of lives and properties.”

     AbdulRazaq, who is also the chairman of the Nigerian Governors’ Forum(NGF), used the opportunity to call on all Nigerians to support President Bola Tinubu’s reforms.

     The reforms, according to him, aim to “build a more resilient economy that would  give  everyone a fair shot in life.”

     In Lagos,   Sanwo-Olu,  urged Nigerians, particularly Lagos residents,  to be hopeful and to continue to live in peace and harmony. 

    He also charged them to remain hopeful of greater prosperity that would be recorded in the country and Lagos in particular.

    Read Also: Tinubu: I won’t stop working for better Nigeria

     This, he said, is because his administration and the Federal Government would continue to tackle the challenges facing the state and the nation.

     “I wish every Lagosian a Happy and Prosperous New Year. We are thankful to God for the grace to see the New Year and we welcome 2024 with hope and faith. 2023 was a year of great strides for us in Lagos. It was indeed a significant year for our administration.

     “We are happy and grateful to Lagos residents for coming out in large numbers to re-elect us for another four years. We will not disappoint you,”  said in a statement his Chief Press Secretary  Gboyega Akosile.

     “I want to assure millions of Lagos residents that 2024 is the year we will act with speed to deliver more good governance and dividends of democracy that you voted us in for. As your governor, I promise to continue to provide leadership that will usher in greater opportunities and a more prosperous life for Lagosians.

     “We will work for Lagos better and faster this year and the remaining years of our second term in office to accelerate developments across the identified areas in our THEMES+ agenda,” he added.

      Sanwo-Olu’s counterpart in Ogun State, Abiodun promised that his state would witness unprecedented infrastructure development this year.

     He  called on the people   to embrace “this year  with  renewed hope as his administration is working hard to make life bearable for them.”

     Abiodun said: “In 2023, we faced numerous challenges, but together we were resolute, focused, and we emerged united and stronger. I want to express my heartfelt appreciation to you, the good citizens and residents of Ogun State, for your unwavering support, cooperation, resilience, and unflinching loyalty.”

      Enugu State Governor   Mbah, who said he was optimistic of a “bright 2024 for Nigeria,” urged the people to keep hope alive.

     Like AbdulRazaq, he assured that the gains of some 2023 economic policies of the Tinubu administration would begin to trickle in this year.

     Mbah also assured the people of positive economic growth in the year, given his various projects, policies, and laws.

    He said: “It is not in doubt that 2023 was a very difficult year for Nigerians, especially given the temporary hardships occasioned by some hard, but inevitable, policies of the Federal Government, such as the removal of fuel subsidy and unification of exchange rates.

     “But I am very confident that the gales of inflation, unemployment, and general high cost of living will abate in the coming years.

     “The onus is, however, on us, as leaders, at every stratum of government, to intensify efforts and initiatives to not only mitigate the immediate hardships but also take advantage of the economic policies to put the nation on the path of prosperity.”

    Governor   Alia, who felicitated Benue State residents on the New Year, went a step further to grant amnesty to 12 inmates of the Makurdi Correctional Centre.

       Alia advised the pardoned persons to leverage the skills they acquired in the centre and become good citizens.

     House of Assembly  Speakers under the aegis of  Conference of Speakers of State Legislatures of Nigeria, said Nigerians needed to begin this new year with a high spirit and hope.

     “It is expedient for us to be positive-minded this new year.

     “I want to advise that we look beyond the various crises currently facing the nation. Let’s express the belief that the best will happen to us soon. We should be optimistic that we will get through the problems,” the speakers said through their Chairman, Adebo Ogundoyin.

     Ogundoyin, who is also the speaker of the Oyo State House of Assembly, said it was by God’s grace that “we lived to witness a New Year despite the unpleasant situation in terms of socioeconomic conditions” that last year visited on all.”

    He added:  “We should see this new year as another opportunity for all of us to contribute our quota and strive for a better Nigeria.

     “A positive attitude to life boosts one’s confidence level and rekindles one’s hope about a brighter future.”

    • Atiku to Nigerians:   well-thought vision needed

    Former Vice-President Abubakar said that only a well-thought-out vision would pull Nigeria out of its current challenges.

     Listing the challenges faced by Nigerian households and the exit of some companies from Nigeria, the Adamawa State-born politician, noted that there is  “ample time”  for the APC  government to address them.

    He said: “The past year was a challenging year, but the lessons that we took away from it are what should prepare us for the future that the New Year holds.

     “I believe that one of the reasons the Almighty created time and season is for us to take stock of our realities and effect necessary amends.

     “Certainly, many families and businesses already know the intensity of the trying times that we are currently going through – though we could have taken a completely different pathway, had the government been smarter with their policy prescriptions.

    To walk back from these throes of adversities will require a well-thought vision of National Planning that will deliberately make the common people of Nigeria the centrepiece of our development.

     “The Year 2024 is still new on its canvas; and so, there is ample time for the current government to champion a pathway to addressing the acute hardship that Nigerians are going through.

     “The government must show a clear direction of its policy projections and desist from the subsisting behaviour of groping in the dark.”

    • Egbetokun  calls for love, tolerance

      IGP Egbetokun, who emphasised the importance of collective efforts in   building a harmonious society,  urged communities to strengthen the bonds that “unite us.”

     He said in a statement by the Force Public Relations Officer,   Olumuyiwa Adejobi, that by “embracing love and tolerance…we can overcome differences and work together towards a safer and more prosperous Nigeria.”

  • What goes around comes around

    What goes around comes around

    • By Banji Ojewale

    The universal principle is that what goes around must come around. It’s not so in Nigeria. With us, when what goes around goes around, it does more than coming around. As it makes its return trip, it comes aground, grounding us, levelling us, merging us with the miry mud. That’s been our history, extinct and extant. We create institutions and leaders from this back-and-forth process to form an endless cycle of assailable links in governance that remind us of the famous lines of the late poet, Christopher Okigbo: AN OLD STAR departs, leaves us here on the shore, Gazing heavenward for a new star approaching; The new star appears, foreshadows its going Before a going and coming that goes on forever… (Path of Thunder).

     It is a villainous star, a kind of abiku that gives ephemeral excitement to the home where it surfaces at birth. Our present is nothing but a horrid replay of unpleasant encounters with the past. We sowed the wind yesterday; but today we’re reaping what’s greater than the wind. What goes around comes aground.

    It’s tragic that we always go back into forlorn ages for deliverance from present woes. In 1984, we all stood in awe of Decree 4, and to differ with officialdom was to court doom. We were mortally pummelled by the demands of that law under military ruler, Muhammadu Buhari. His days recorded some of the worst breaches of human rights in the annals of Nigeria. There was retroactive application of edicts that outraged Nigerians and the international community.  Yet, more than three decades later when we wanted a president to free us from the ‘clueless’ hold of Goodluck Jonathan, guess who went for. Buhari, a figure of a discarded dispensation! We dug him from his sepulchral abode, to sit over the affairs of the living; he couldn’t but bring the nation to a level where we landed in a grave crisis from which we haven’t emerged. He grounded the country and bequeathed an economy which, experts warn, won’t yield to a quick fix. They say a lot of dead debris would require to be washed away first now and  in the years ahead to make way for the real business of economic resuscitation, which would take a much longer time. We aren’t reaping the wind we sowed; we are going to be harvesting a killer hurricane.

    It’s no surprise that President Bola Tinubu, Buhari’s successor, is inheriting a country left in funereal straits. What else did we expect from a predecessor he exhumed and installed as our leader? As we all can see now, Buhari didn’t remember to take the pall over him back as he receded after his eight-year reign; it is still with us, overshadowing the entire land of the living.

    Tinubu is also under the guidance of Okigbo’s cursed star. He is planting seeds certain to grow into labyrinthine forests with the potential to ground us. He’s going his predecessor’s way, throwing free cash at challenges on the ground, when, according to experts, he could use this money to address strategic needs of the weak, who make up the majority. Those who came before him also walked this pseudo-welfarist route of easy cash solution and flopped. There was/is little to show for the billions they spent as reliefs.

    This approach is set to inject more ‘multidimensional’ penury into the system, as revealed by local and independent international figures. First, what does the National Bureau of Statistics, NBS, say, even after we have released raw money to the so-called poor? The body issued a report late in 2022 where it said the number of compatriots ‘living in poverty stands at 133 million.’ This is about 63% of the country’s population. There was no indication of any impact of the various levels of the direct cash interventions initiated by the successive governments. Now the World Bank. Its recent publication says ‘extremely poor people in Nigeria (has) increased from 95 to 104 million.’ Again, nothing to reflect the success of the cash transactions between the authorities and the underclass.

    Read Also: UPDATED: Tinubu hosts Super Falcons’ star, Oshoala, salutes excellence of Nigerian women

    So, why would Tinubu ply the same unprofitable path?   Why not address these issues by applying the massive funds under his watch to build critical infrastructure: schools (along with free education for all at all levels), health centres, modern roads, employment-generating agro-ventures in the rural regions, aggressive human capacity building projects etc.? Ready or ‘uncreated’ money in my pocket or in my bank account won’t bring about these fundamental changes in the polity. Rather, it will lead to individualistic misadventures and illusory perceptions of prosperity. While the government would assume it’s pursuing popular interests, it would wake up at the end of the day to face acute mass misery, hunger, depression, inflation and poverty among those we pretend we want to help. We seem not to be decoding this five-word maxim: what goes around comes aground.

    What the leaders are giving out by way of so-termed palliatives is opium sedatives from which you would wake back into the reality of your excruciating conditions, sooner or later. They offer temporary comfort, when what we need is a base on which to erect lasting social and economic justice. Throwing N35k monthly remittance to a very small percentage of the population for a limited period, offering ‘13th’ month bonus to civil servants, halving charges on public transportation or delivering free train rides during festive seasons, asking workers to cut the number of office hours to beat high cost of commuting, etc. all amount to a will-o-’the-wisp in the face of the real, long-term overwhelming concerns of the society. They don’t outwit the challenges. We’re only trying to tame a 21st Century plague with the concoctions of 13th Century alchemists.

    Thus, all Nigerian governments, military, diarchy and civilian, have trodden a predictable trajectory. As our leaders step into office, we hail them and proceed shortly to the next stage of hauling them unto our laps. It’s never a long romance. For, just a few months after the citizens release their leaders into the performance field to fulfil their campaign pledges, the administration and its agencies begin to traumatize the people with policies that whipped us into destitution in the past.

    • Ojewale is a writer in Ota, Ogun State.
  • Nigeria in safe hands, says President

    Nigeria in safe hands, says President

    • ‘My team working’

    President Bola Ahmed Tinubu yesterday reassured that Nigeria was in safe hands and that his team was working round the clock to turn around the economy.

    Tinubu spoke yesterday at the Lagos State House in Marina where he was hosted by Governor Babajide Sanwo-Olu.

    Describing the job before him as “monumental,”  the President reminded Nigerians that governance required the collaboration of all.

    “It’s not a one-man job, but a collective effort,” Tinubu said, urging state and local governments to focus on Agriculture and Education to fight poverty and terrorism.

    He acknowledged the prevailing challenges but assured that there would be light at the end of the tunnel.

    The President once again likened the situation to labour pains which, he noted, are necessary to birth joy and happiness.

    “We will work hard to give Nigerians the best of economy and opportunity you can imagine,”  Tinubu promised.

    The President paused to mourn former Ondo State Governor Rotimi Akeredolu and one-time  House of Representatives Speaker Ghali   Na’Abba.

    According to him, power is transient which only God can give and take.

    His words: “It’s a great homecoming for me and I am happy. This Presidency is not a one-man job; it’s a collective work; you have to be able to listen, decipher and tolerate and sometimes what you don’t expect will happen, as news about the deaths of Akeredolu and Na’Abba came up as I was preparing for today’s work.

    “However, we see the value of life in the goodness we do, the result of which is a multiplier of all good things that we must cherish, not for us, but for our children and grandchildren.

    “Nigeria is challenged, which has always been, but we will go through it. We are already seeing the ‘blossomness’ of our plans. A lot of changes will transform this economy, and the financial re-engineering of our country is ongoing.

    “But, my team is working and we are determined to take Nigeria through the tunnel of hope, stability and successful economic prosperity.

    Read Also: Ize-Iyamu joins race in APC

    “Nigeria is in good hands and my team is working. We have to take the baby steps so that we don’t break bones or get bruises. But, I am sure the DC results will manifest for the goodness of our country.

    “We recognise the hardship that people are going through, it’s a very good example of labour pain when mothers go through very excruciating pains.

    “But, they soon forget this when they hear the noise of the baby and they cherish the smile forever. That is what Nigeria will be, I assure you. We will work hard to give you the best of economy and opportunities you can imagine.”

    Responding  to requests by  attendees,   especially  the Ayangburen of Ikorodu, Oba Kabiru Shotobi, the President promised: “We will not abandon our cultural values, but give value to our traditional institutions.”

    The President also praised Governor Sanwo-Olu,  his deputy, Dr. Obafemi Hamzat and House of Assembly Speaker Mudashiru Obasa, for “holding forth strongly and committing yourself to the values that we cherish together.”.

    “This result-oriented approach has made Lagos the most viable in the country. We were abused and intimidated, but Lagos has survived and will continue to survive on the path of glory,” Tinubu added.

  • Experts task compliance officers on professionalism

    Experts task compliance officers on professionalism

    The success and progress or otherwise of any organisation rests entirely on how well compliance professionals working in those places play their roles.

    These were the conclusions reached by a cross-section of experts who spoke at the 7th annual induction ceremony of the Compliance Institute, Nigeria (CIN), in Lagos, recently.

    While giving his welcome address, Mr. Pattison Boleigha, President of CIN recalled that the Institute was borne out of the desire to close the capacity gap in the compliance knowledge and the low level of compliance culture in the country and the entire African region as a whole.

    Thankfully, he said seven years down the line there has been an increase in the rate at which companies embed compliance practices in their businesses. “The right tone for compliance in the country is gradually building momentum. Compliance should be part of all organisations’ operations and need to be entrenched in all staff and Compliance Officers through training and awareness creation.”

    The CIN, he emphasised, was set up to maintain and promote best practice standards for the compliance profession and regulatory standards for the industry by facilitating and encouraging professional development and accreditation for its members both at the individual and corporate levels.

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    “Our vision is to be acknowledged nationally and globally as the standard setter for compliance practice within the financial and non-financial sectors in Nigeria, while our mission is to maintain and promote regulatory standards for the industry by facilitating and encouraging professional development and accreditation for members (individual and corporate), maintain, promote and uphold regulatory standards in the industry for a respectable compliance profession.”

    The CIN boss, who revealed that 433 members passed the Designate Compliance Professional (DCP) examinations, also inducted Fellows of the Institute.

    Boleigha, while congratulating the inductees for their gallant efforts in taking and passing the Institute’s examinations, also reassured them that the skills, knowledge and expertise that they have gained will enhance their professional competencies and enable them secure good compliance jobs and professional dignity that will help them to render value added services to their employers, thus furthering the standards and developments of the compliance profession.

    “Let me emphasise that your induction as certified members have imposed on you the challenges of having to, henceforth, stand tall in integrity, impeccable in character, professional in service, alert to global trends and uphold high ethical and professional standards. I, therefore, urge you to strive, at all times, to do your profession and the industry proud,” he stressed, adding that the acquisition of the required knowledge and skill must be followed with diligent application in the workplace.

    “You have to prove your mettle and let your performance make you stand apart from other professionals.”

    In his keynote address, Ibe Kalu, General Manager and Executive for Internal Audit and Forensic Services Division at MTN Nigeria, who spoke on the ‘Role of Artificial Intelligence in Enabling an Effective Compliance Ecosystem,’ acknowledged that the evolution of Artificial Intelligence (AI) has played a pivotal role in transforming the landscape of compliance ecosystems design and application.

    “Initially, compliance processes were predominantly manual, prone to errors, and often trailed the rapidly changing regulatory landscape. However, with the advent of AI, and the imperatives of its rapid and dynamic adoption across all sectors, a paradigm shift occurred,” he recalled, noting that in an era defined by rapid technological advancements in the digital and artificial intelligence space across verticals, industries, markets and nations, the intersection of artificial intelligence and compliance has emerged as a critical area of consideration by world leaders and business experts across the globe.

    According to him, “As we embrace AI in compliance, ethical considerations must always be at the forefront by ensuring that AI is not just a tool for compliance but a force for ethical business practices is crucial for the sustained trust of stakeholders. Furthermore, the evolution of AI in compliance includes the development of explainable AI models. As compliance decisions hold significant consequences, the ability to understand and interpret AI-generated insights has become imperative. Explainable AI ensures transparency, providing stakeholders with a clear understanding of how AI systems arrive at specific compliance-related conclusions.”

    Also speaking on the occasion, Dr. Abigail Duopama-Obomanu, Chief Compliance Officer in Union Bank of Nigeria and Chairperson, Information Technology Committee of the CIN, in her remarks impressed on the new inductees, the need to be steadfast and also uphold the highest level of professionalism at all times.

    The highpoint of the occasion was the recognition of Muhammed Lawal, one of the Designate Compliance Professional (DCP) inductees, for emerging the best student in the entrance examination by members of the CIN board management.

  • Nigeria ranked 42nd globally and 6th in Africa

    Nigeria ranked 42nd globally and 6th in Africa

    The Super Eagles of Nigeria wrapped up 2023 as the sixth-best team in Africa and secured the 42nd position in the world, according to the monthly FIFA rankings.

    Throughout 2023, the Super Eagles delivered a commendable performance, suffering only one defeat while securing four victories and three draws.

    Super Eagles of Nigeria Conclude 2023 Ranked 42nd Globally and 6th in Africa

    In the African rankings, Morocco maintained its top position, standing 13th globally. Senegal held onto the second spot, retaining their 20th place in the world. Tunisia also remained steadfast, securing the third position in Africa and 28th globally.

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    ACompleting the top five in Africa, Algeria and Egypt concluded the year in the 30th and 33rd positions worldwide, respectively.

    On the global stage, world champions Argentina continued their dominance after a 1-0 victory over Brazil in last month’s World Cup qualifier. France secured the second spot, followed by England, Belgium, and Brazil in the top five.

    The top 10 teams in the world were rounded out by Holland, Portugal, Spain, Italy, and Croatia.

    FIFA is scheduled to release the next ranking on February 15, 2024.

  • Nigeria’s unemployment rate rises to 4.2% in Q2

    Nigeria’s unemployment rate rises to 4.2% in Q2

    The National Bureau of Statistics (NBS) yesterday stated that Nigeria’s unemployment rate soared to 4.2 per cent in the second quarter of 2023.

    This was contained in the bureau’s document tagged: “Nigeria Labour Force Statistics Report 2023.”

    The NLFS report indicated that the unemployment rate in second quarter 2023 was 4.2 per cent, this was an increase of 0.1 per cent on 4.1 per cent recorded in first quarter 2023.

    Other highlights of the report are that the labour force participation rate among the working-age population remained high at 80.4 per cent in second quarter 2023.

    NBS also noted that the employment-to-population ratio was 77.1 per cent in second quarter 2023.

    According to the report, the combined rate of unemployment and time-related underemployment as a share of the labour force population (LU2) was 15.5 per cent in second quarter 2023.

    Most workers, about 88.0 per cent were in self-employment in second quarter 2023 while the proportion of workers in wage employment in second quarter 2023 was 12 per cent.

    According to the Bureau, the rate of unemployment among persons with post-secondary education was 8.0 per cent in Q2 2023.

    NBS further said the Unemployment rate among youth aged (15-24 years) in Q2 2023 was

    7.2% having been at 6.9% in Q1 2023.

    It noted that the  Unemployment rate in urban areas was 5.9% in Q2 2023, an increase

    from 5.4% in Q1 2023.

    NBS said time-related underemployment in Q2 2023 was 11.8%.

     4.8% of the working-age population were in subsistence agriculture.

    • Informal employment rate in Q2 2023 was 92.7%, according to the report.

    It said the percentage of youth Not in Employment, Education nor Training (NEET Rate) was 13.8%.

    The report explained that the “employment-to-population ratio is the proportion of the working-age population that is employed.”

    NBS stressed that in Q2 2023, 77.1% of Nigeria’s working-age population was in employment.

    Disaggregating by sex, the employment-to-population ratio was 79.3% for men and

    74.9% for women respectively.

    NBS noted that the employment-to-population ratio in urban areas

    was 73.8% compared to 80.5% in rural areas.

    NBS noted that the aggregate status in employment comprises two broad categories; employees and the self-employed.

    It added that those working for pay in the form of salaries and wages in cash or in-kind, including paid apprentices, are referred to as employees. Own-account

    workers, contributing family workers, and employers are referred to as self-employed.

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    In Q2 2023, according to NBS, 88.0% of employed Nigerians were primarily self-employed with the

    remaining 12.0% being primarily engaged as employees.

     On disaggregation by sex, the Bureau said, 85.2% of employed men were self-employed compared to 91.0% of employed women.

    In terms of disaggregation by location, the report revealed that 80.5% of employed people in urban areas were self-employed compared with 95.3% of employed people in rural areas.

    NBS noted that the labour force participation rate measures the share of a country’s working-age

    population that is in the labour force.

    The labour force, said the Bureau, is the combination of those

    individuals who are employed and those who are unemployed.

    In Q2 2023, the report noted that the labour force participation rate in Nigeria was 80.4%, having been

    79.9% in Q1 2023.

    It further stressed that the Q2 2023 participation rate among men was 82.1% while for women the participation rate was 78.8%.

    It added that the participation rate was 78.4% in urban areas and 82.6% in rural areas.

  • Fed Govt worried over Nigeria’s stolen wealth

    Fed Govt worried over Nigeria’s stolen wealth

    • EFCC poised for relentless war against illegal miners 

    The Attorney General of the Federation and Justice Minister Lateef Fagemi (SAN) has said the recovery and repatriation of Nigeria’s stolen wealth is of great concern to President Bola Tinubu’s administration.

    The minister said the Economic and Financial Crimes Commission (EFCC) was expected to continue to lead the charge to trace, recover and facilitate the return of the nation’s stolen wealth.

    Fagbemi spoke yesterday in Ilorin, the Kwara State capital, at the inauguration of the town’s zonal office of the EFCC.

    “Let me state in unequivocal terms that the EFCC is pivotal to the President’s plan to remove impediments to accountability in governance, institutions and fighting mechanisms and platforms by which Nigeria can hold public officers to account.

    “To this end, the government is poised to support the commission in whatever way possible to deliver on its mandate,” he said.

    The AGF urged state governments across the country to join the Federal Government in the fight against corruption.

    He said: “I use this medium to call on the constituent states of the federation, legislative and judicial arms of the government to key into the fight against corruption, economic and financial crimes in Nigeria.

    “Corruption cannot be effectively tackled without the buy-in of the citizens. I, therefore, urge the new leadership of the EFCC to strengthen public education and awareness with a view to mobilising all Nigerians to embrace the anti-corruption fight.”

    EFCC Chairman Ola Olukoyede said the commission would not relent in its war against illegal miners in the country.

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    He said: “As you are aware, the Ilorin Zonal Command occupies a strategic place in the financial crimes enforcement blueprint of the EFCC.

    “Along with the Abuja Command, it is responsible for enforcement activities in most of the Northcentral region with huge deposits of solid mineral resources which exploitation has lately attracted bands of criminals, like bees to honey. 

    “The burgeoning criminal activities are of concern and many of us are aware of the breakthroughs which the Ilorin command has recorded in this area through the arrest and prosecution of illegal miners in the state and beyond.

    “I expect to see more vigorous enforcement of the law against illegal miners to ensure the actualisation of the Renewed Hope Agenda of the Bola Tinubu administration in the solid minerals sector.

    “It bears reiterating that we must be unsparing in our efforts to sanitise the business environment and support our country’s drive to attract foreign direct investment (FDI) by tackling fraud of all hue.

    “There will be no excuses for non-performance.”