Tag: Obasanjo

  • VP Shettima, Obasanjo, Atiku others grace Kwankwaso’s daughter’s wedding in Kano

    VP Shettima, Obasanjo, Atiku others grace Kwankwaso’s daughter’s wedding in Kano

    Vice President Kashim Shettima and other dignitaries on Saturday attended the wedding Fatiha of Sen. Rabi’u Kwankwaso’s daughter, Dr. Aisha Kwankwaso, and her groom, Fahad Dahiru-Mangal.

    Also in attendance were former President Olusegun Obasanjo, former Vice President Atiku Abubakar, Gov. Dikko Radda of Katsina State, and Sen. Adamu Alero.

    Others were: The Minister of Defence, Badaru Abubakar; the Minister of Steel, Prince Shuaibu Abubakar; the former Senate President, Dr Bukola Saraki; and former National Chairman of Peoples Democratic Party (PDP), Alhaji Adamu Mu’azu.

    Also in attendance were the former Gov. Ahmed Makarfi of Kaduna, Mahamud Shinkafi, Zamfara, Isah Yuguda, Bauchi, Victor Attah Akwa Ibom and Lucky Igbinedion of Edo.

    Other notable personalities were Sen. Abdul Ningi, Sen. Dino Maleye, and Sen. Rufai Hanga.

    The News Agency of Nigeria (NAN) reports that scores of members of National and state assemblies, captains of industries, politicians, as well as the members of the diplomat corps attended the event.

    The wedding Fatiha took place around 12:15 pm at at the Emir’s Palace, Kano.

    The wedding proceedings were conducted by the Chief Imam of Kano, Prof. Sani Zaharaddeen.

    Shettima, who stood in for the groom, gave out the dowry of N1 million to Gov. Abba Kabir-Yusuf  of Kano who represented the bride at the occasion.

    The event, which was also attended by prominent Islamic scholars and other well wishers from across the country, witnessed a large turnout of residents.

    NAN reports that during the wedding, security was very tight in and around the Kano metropolis.

    The Chief Imam prayed for unity between Kwankwaso’s daughter and the husband a son of a prominent business magnate, Dahiru-Mangal.

    Read Also: Shettima rallies support for Nigeria’s Oscar entry Mai Martaba

    The marriage ceremony highlighted the significance of cultural and traditional institutions of Kano State, with the Emir’s Palace being a symbol of the region’s rich history and heritage.

    Kwankwaso, served as Governor of Kano State between 1999 and 2003 and another tenure from 2011 to 2015.

    He was also a Minister of Defence and a Senator of the Federal Republic of Nigeria

    Kwankwaso established the Kano University of Science and Technology and the North-West University.

    (NAN)

  • On Obasanjo and the other forgetful African misrulers

    On Obasanjo and the other forgetful African misrulers

    • By Femi Akomolafe

    (A note on African leaders who became wise ONLY after leaving office!)

    I was going to write an article about former President Olusegun Obasanjo and his constant criticism of Nigeria and African mis-rulers.

    However, I got seriously carried away by some important geopolitical developments that required attention.

    I will now return to them after paying my homage to global issues.

    According to a report in the Punch Newspaper, Nigeria’s three-time leader, General Olusegun Obasanjo, did what he does best: criticized current Nigerian/African misrulers.

    Excerpts: “Where I was born should not be the enemy of my ‘Nigerianess.’ I will be increasing by being a Nigerian rather than being a member of the Republic of Oodua.

    “I am undoubtedly proud to be a Yoruba but my being a Nigerian should not be the enemy of my being a Yoruba…we must get the best man for the job, it doesn’t matter where he comes from. We must get our acts together.”

    The former President lamented Nigeria’s current situation, saying the country had disappointed the black race and the world at large.

    The African continent, the black race and the entire world are looking up unto us. When we got our Independence, what they were calling us was giant in the sun but is that the situation today?

    We have disappointed ourselves, we have disappointed the black race, Africa and the world at large…

    He noted that he would forever remain a Pan-Africanist, a patriotic and nationalistic Nigerian and a proud black man from the black race…” – https://punchng.com/im-better-as.a.nigerian-than.in.oodua.republic.says.obasanjo/

    Hmmm.

    While we do not begrudge the Ota Farmer and Chief his right to voice his opinions on national, continental, or global issues, it is important to point out to OBJ that the conditions he vociferates passionately against today in Nigeria would not have existed were he to have done the correct things when, with little effort on his part, fate twice handed him the power to rule Nigeria.

    For those of us not conversant with Nigeria’s political history or who were not old enough to remember Obasanjo’s rules, first as a cruel and brutal dictator and secondly as a civilian president who was essentially (s)elected to placate his Yoruba people, who were wronged by the annulment of the election of MKO Abiola in the 1993 elections, we will shed some light and question Obasanjo’s sanctimonious posturing.

    Please do not get me wrong. I respect my elders and do my best not to allow my professional writing to be motivated by personal emotions or malice.

    As a matter of record, in 2007, I wrote an article, “Obasanjo’s Agonistes,” to offer support when the Ota Chief was unduly hammered in the media. Link: https://alaye.biz/obasanjo-agonistes-2/

    But that should not stop us from calling on OBJ to have some moment of self-reflection before he continues to pontificate loudly!

    His self-reverential is just too disgusting.

    OBJ epitomizes the mendacity of African leaders who appear to acquire oracular wisdom ONLY after they leave office.

    As mentioned supra, Obasanjo twice had the opportunity to turn Nigeria around, first as a military dictator and second as a two-term Democratic president. History will judge him rather harshly for failing to build the Nigeria of his dreams when he had the chance(s).

    We know what his contemporaries in South Korea did and what the Chinese did.

    Obasanjo claimed to have spent US$16 billion on Nigeria’s electricity sector. Yet, there was nothing to show for it as the country struggled to generate and distribute enough electricity for citizens and industries.

    Read Also: Obasanjo to Aiyedatiwa: I wish you well

    Today, he pontificates loudly and appears to have all the answers to Nigeria, Africa, and global problems.

    While OBJ’s critique of African leadership failures, ranging from corruption to authoritarianism, might resonate widely, especially with those who know little about Nigeria or Africa, his legacy should invite scrutiny.

    Let us examine four main themes of Obasanjo’s incessant criticism:

    1. Corruption: While Obasanjo repeatedly points to corruption as a fundamental problem in African leadership, we should not forget that similar allegations plagued his administration.

    To those old enough to remember his first rule, irony does not even describe Obasanjo’s current anti-corruption posturing.

    When he talks about corruption, did OBJ develop amnesia over the International Telephone & Telegraph (ITT) scandal, which his kinsman, the legendary Fela, immortalized in the song “International Thief Thief?” “ITT,” with allegations of Obasanjo’s partnership with ITT, allegedly included massive kickbacks on contracts that left Nigeria in debt but without significant telecom infrastructure development.

    As a civilian president from 1999 to 2007, Obasanjo was implicated in the Halliburton and Siemens bribery scandals. These companies allegedly paid Nigerian government officials millions of dollars in bribes to secure lucrative contracts.

    The most significant corruption scandal during Obasanjo’s presidency involved his vice president, Atiku Abubakar, who was implicated in several corruption cases, including allegations of diverting public funds and using government resources for personal gain.

    Did Chief Obasanjo forget that he was accused of using the anti-corruption agencies as a political tool to silence opposition rather than a genuine effort to root out graft?

    One of Obasanjo’s administration’s most glaring failures was the mismanagement of funds allocated to the power sector. Despite reportedly spending over $16 billion to improve Nigeria’s electricity infrastructure, there were few results. The power supply remained unreliable, and many Nigerians continued to experience regular blackouts.

    Maybe the Ota Chief should tell the world what he spent $16 billion of Nigeria’s money on before he mounts the rostrum in self-righteous condemnation of corruption.

    2. Obasanjo’s accusation of African leaders’ abuse of human rights

    Blessed are those with short selective memory!

    Human rights violations were constant features of Obasanjo’s administration, both as a military dictator and as an elected president. Accusations of abuse of power and heavy-handed tactics against dissenters characterized his rules.

    Does OBJ need reminding about the “Ali Must Go,’ student riots

    Did OBJ forget about the Odi massacre in 1999 and the Zaki Biam massacre in 2001? In Odi, a town in Bayelsa State, a military operation was ordered in response to the killing of police officers by militants. The military action led to significant civilian casualties and widespread destruction. Similarly, in Zaki Biam, Benue State, an army operation in response to local violence resulted in deaths and widespread displacement. Human rights organizations widely condemned these incidents, highlighting Obasanjo’s willingness to use force rather than dialogue.

    Chief Obasanjo should not forget that his government was accused of using state institutions to suppress opposition and of using the EFCC, ostensibly created to fight corruption, against his political opponents.

    3. Reluctance to Relinquish Power

    When Chief Obasanjo berate African leaders for attempting to cling to power

    did he forget that one of the most contentious episodes of his presidency was his attempt to secure a third term?

    Ha.

    This is interesting because Obasanjo attempted to elongate his terms, as attested by this claim by a person in the known. “Former Senate President Adolphus Wabara has revealed that he rejected the sum of N250 million to support the third-term agenda during former President Olusegun Obasanjo’s administration.

    In an excerpt from the YouTube interview series “Untold Stories with Adesuwa,” released on Monday, when asked about the truthfulness of this assertion, he said, “That’s very correct.” https://www.vanguardngr.com/2024/07/why-i-turned-down-n250-million-for-third-term-agenda-wabara/

    4. Economic Mismanagement: Another of Obasanjo’s criticisms is often the economic challenges Africa faces, citing poor decisions and lack of accountability.

    As I argued in the article “Obasanjo Agonistes,” referred to above, while there is no denying the fact that OBJ performed better than previous leaders, his achievements were often overshadowed by other economic missteps and unfulfilled promises.

    He should not be under the illusion that under him, Nigeria was one paradisical bliss.

    To Round it all up.

    Obasanjo’s complex legacy in Nigerian politics includes both achievements and significant shortcomings. Chief Obasanjo undoubtedly contributed majorly to Nigeria’s development.

    Our intention is not to deny him his earned kudos, but he needs to be reminded that his administration was plagued by many of the same issues he now criticizes.

    His attempts to consolidate power, his administration’s uneven approach to anti-corruption, and his mixed record on human rights undermine his credibility as a critic of Nigeria’s present challenges.

    How can one forget that it was the Obasanjo’s regime that sent troops to burn Fela’s shrine and set up the kangaroo court that came up with the nebulous verdict that “Unknown Soldiers” performed the perfidy?

    ©️ Fẹ́mi Akọ́mọláfẹ́

    (Farmer, Writer, Published Author, and Social Commentator.T)

  • Ondo polls: I wish you well, Obasanjo tells Aiyedatiwa

    Ondo polls: I wish you well, Obasanjo tells Aiyedatiwa

    Former President Olusegun Obasanjo has wished Governor Lucky Aiyedatiwa well ahead of Saturday’s governorship election in Ondo State.

    The former President was in Ondo State to attend the commissioning of the Ojaja Park, a smart city constructed by the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, Ojaja II.

    Obasanjo, who paid a courtesy call on Governor Aiyedatiwa, spoke about his past political campaign experiences.

    Read Also: Ondo polls: Akoko South-west monarchs pledge support for Aiyedatiwa

    According to him: “I understand the challenges of this period for you. I remember my campaign for the 1999 election, I covered the entire six states of the South West in one day.

    “I think we started in Akure, Ondo State here, then to Ekiti and we got to Lagos around 8pm. This is a crucial part of the process and I wish you all the best.”

    The Governor said contributions of Obasanjo to the development of the country remained indelible.

    He said Obasanjo remained a humble and humane leader despite his high profile and military background.

  • Obasanjo to Nigerians: Let’s remain optimistic, hopeful over challenges

    Obasanjo to Nigerians: Let’s remain optimistic, hopeful over challenges

    • Says he is a no-party statesman

    Former President Olusegun Obasanjo has urged Nigerians to remain hopeful and optimistic as the county is facing several challenges.

    Obasanjo gave the advice on Saturday while speaking at the thanksgiving service held at the Methodist Church Nigeria, Cathedral of Unity, Wuse, Zone 3, Abuja for the 80th birthday of a journalist and former Chairman of the Niger Delta Development Commission (NDDC), Chief Oyema Ugochukwu.

    He also emphasized that currently, he does not belong to any political party.

    Obasanjo commended the celebrant for being a loyal and supportive person during his campaign prior to the 1999 election in spite that Chief Alex Ekwueme also contested for the same position in the Peoples Democratic Party (PDP).

    He urged Ugochukwu to remain steadfast in the Lord and remain committed to humanity throughout the rest of his life.

    Obsanjo said: “But remember what Paul said in 1 Corinthians 13. Your faith must not diminish. You must never lose hope. Even when things are as gloomy as they are in Nigeria today, we must remain optimistic and hopeful. And finally, you must live and continue to live a life of love. Love for your family.

     “Love for friends and foes. Love for your community. Love for your state. Love for your country. Love for humanity. And love for God.”

     Advising the celebrant, Obasanjo said: “When we came together, it was during the campaign. I’ve known a little bit about you by your reputation. We were two candidates competing in the Peoples Democratic Party (PDP), myself and Alex Ekweme. And right from the word go, you decided who you would be with. Some Yoruba elements in our campaign saw you as a spy. The Igbo elements on the other side saw you as a bastard. Why should you be with a Yoruba man when an Igbo man is contesting? And you stood your ground. You were unshaken and unshakable.”

    Read Also: Obaseki’s achievements excite Obasanjo, Jonathan’s wife, others

    Former Vice President, Atiku Abubakar at the reception also commended the Onyema Ugochukwu for his patriotism.

     He disclosed that the celebrant did not take sides when he (Atiku) had problems with President Olusegun Obasanjo, adding that rather he tried to be a peacemaker.

    In his speech, the celebrant thanked God for the feat and good health God has granted him.

     He was emotional while explaining that out of his seven siblings five are dead, remaining him and his sister.

     He said he was the first out of his siblings to attain the age of 70.

     Ugochukwu acknowledged God’s faithfulness in his life, and promised to continue to serve God and humanity more than ever before. 

  • Obaseki’s achievements excite Obasanjo, Jonathan’s wife, others

    Obaseki’s achievements excite Obasanjo, Jonathan’s wife, others

    Former President Olusegun Obasanjo, ex-First Lady Dame Patience Jonathan, former governor of Sokoto State, Senator Aminu Tambuwal and ex-governors of Edo: Chiefs Lucky Igbiendion and John Odigie-Oyegun, among other prominent leaders, yesterday celebrated Governor Godwin Obaseki’s achievements in eight years.

    They hailed him for his commitment to the welfare of Edo residents, prioritising reforms and projects across sectors of the state’s economy, including health, education and infrastructure, among others, which had impacted and improved lives.

    The leaders spoke when Obaseki led them to the inauguration of the rebuilt and expanded 250-bed Stella Obasanjo Hospital on Sapele Road; the Crèche and Food Court at Edo State secretariat complex, among other projects, in Benin.

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    Obasanjo, hailing Obaseki for his multi-sectoral reforms over the last eight years, described the Edo governor as a builder, who impacted on the lives of the residents.

    He said: “I want to thank you for remembering my late wife, Stella Obasanjo. I was here before and coming here now, what I see is wonderful. You are not only a builder, but you are a reformer, who has positively impacted on the lives of the people.

    “I commend you for improving on some of the things your predecessor did, like this Stella Obasanjo Hospital.

    “When this hospital was established 17 years ago, it was to keep the memory of my late wife. By honouring her, you are also honouring me.”

    Describing Edo governor as a pacesetter, Chief Obasanjo advised political leaders to always focus on quality and efficient service delivery in whatever responsibility given to them at the local, state and national levels, with a focus on human capital development.

    Dame Jonathan said Obaseki had restored hope to Edo residents, while repositioning the state as a hub for quality and affordable health care services in the country.

    She said: “The rebuilt Stella Obasanjo Hospital is a testament to the power of a visionary leader, and a commitment to building a strong, healthy state and nation.

    “This hospital has become a shining example of what can be accomplished for the well-being of our people. We commend you for this great effort, and we can see the realisation of your dreams to deliver quality and accessible health care.

    “This is a testament of establishing Edo State as a regional hub, in terms of quality and affordable health care services, thereby bringing hope to Edo people.”

  • Downstream deregulation: Between Obasanjo’s half-measures and Tinubu’s bold leadership

    Downstream deregulation: Between Obasanjo’s half-measures and Tinubu’s bold leadership

    By Temitope Ajayi

    A video of former President Olusegun Obasanjo’s interview with News Central Television has been trending on social media platforms for the past week. In the interview, the former President, in a veiled reference to the current administration, said Nigeria has a President who came into office without a plan. Yet, the same ‘planless’ president is implementing a bold economic reform programme that Obasanjo initiated and abandoned mid-way.

    This intervention is essentially about a tale of two leaders and how they both handled fuel subsidy removal, a very touchy issue every president of Nigeria has avoided since 1973 because of its disruptive nature and potential to precipitate a pushback that may lead to civil unrest. This serious matter in itself can make a difference between a bold and courageous leader from one that is pretentious and hesitant.

    It is a fact of history that one of the things former President Obasanjo set out to do, among other reforms his administration embarked upon, was complete deregulation of the downstream oil industry. But hard as he tried, he failed to actualise it. Obasanjo faced so much opposition from organised labour and civil society groups that he abandoned a good policy that would have led to massive economic gains for the country. All he could muster the courage to do was to raise the pump price four times during his two-term tenure.

     Twenty years after Obasanjo failed to implement complete downstream deregulation, President Bola Tinubu had the courage of his conviction to implement the policy, redirect the economy, and ensure efficiency in the management of public finance.

     Despite his foibles and messianic complex, former President Obasanjo is no doubt a remarkable leader. His administration opened the economy and implemented essential reforms that his immediate successor should have continued with. What most critics find offensive about the former president is how he sees himself as the only saviour God created for Nigeria. As far as he is concerned, no other leader before and after him has been good enough. For context and clarity, it is essential to recall the former president’s position on deregulating the downstream oil sector when he was in charge.

     In a national broadcast on October 8, 2003, President Obasanjo expressed his frustration and anger at the Nigeria Labour Congress for its opposition to the deregulation of the downstream sector to the point of accusing labour leaders of sedition thus:

    “As you are aware, my government has embarked on fundamental reforms designed to depart from the waste and unproductive exercises of the past and leave lasting legacies for the prosperity and improved welfare and well-being of all Nigerians. Since 1999, we have gradually but steadily embarked on the programme of liberalisation and deregulation of the Nigerian economy to promote efficiency and effectiveness of service delivery. Most Nigerians and certainly all organised key stakeholders in the Nigerian economy, including the Nigeria Labour Congress, have endorsed the deregulation programme of government.

     “It is a fitting symbol of our administration’s commitment to the welfare of workers and in an effort to cushion the effects of deregulation that the government provided 80 buses to the NLC in 2002. The transliner buses were delivered to the Congress for management without government interference. It is noteworthy that every step taken to deregulate the downstream oil sector has been dogged by, sometimes, irresponsible opposition by the Labour Congress. The result has been that we took too little steps to achieve no meaningful and satisfactory progress. We have tolerated all of these in the interest of promoting popular dialogue and informed dissent.

    Read Also: UPDATED: APC suspends Ex-Minister Aregbesola

     “Let me inform Nigerians that when government first came up with the deregulation programme, it was endorsed by the NLC and other stakeholders. In fact, the NLC had requested that we call it a “liberalisation” programme. It was thus more a matter of label than of substance. If we had been successful in implementing the deregulation or liberalisation of the downstream oil sector as earlier agreed by all stakeholders, including labour, we would not have been worrying about the periodic and unsatisfactory price-fixing which has led no where except to frustration. The failure to fully deregulate or liberalise has also cost Nigerians billions of naira which are currently wasted on millions of man-hours in queues at the petrol stations.

     “The tens of billions of naira currently being lost in money that could have been used to increase capital spending in the universities, fund agriculture, repair and rehabilitate our roads, invest in education and health, improve security with extra police for security of lives and property.

     “Realising that the investment of well over $400 million (excluding pipelines and depots) in the last six years mostly on Turn Around Maintenance (TAM) and repairs had not improved the performance of the refineries significantly, government had decided that it was unwise to put additional money into the repair of the Kaduna and Port Harcourt refineries before privatising them.

     “What most Nigerians must know is that the contracts for the Turn Around Maintenance for the Kaduna and Port Harcourt refineries were awarded with 50% of the cost paid upfront before the advent of this administration in 1999. Allow me to add that two of the three refinery locations in the country today, were built by my administration as military head of state. This means that if for no other reason, I should be interested in keeping them working. Already, 18 private firms have been licensed to build refineries but they have been reluctant to go into the industry because of Government’s price control in the sector.

    “If only 30% of these firms had been able to establish and operate private refineries, thousands of jobs would have been created and Nigeria would have been in a position to even export refined oil products. All these benefits and more have been denied to Nigerians by the stop-go approach to the deregulation or liberalisation programme, and only a few Nigerians are benefiting from the prevailing government-controlled system. In fact, the NLC’s approach has been counter-productive, and inflicted more pains on Nigerian workers. Each time there is a small increase of three naira or more, transporters have used the opportunity to jerk up transportation cost thereby making the ordinary worker poorer.

    “A once-and-for-all total deregulation would have meant a once-and-for-all increase in transport cost and the pump price for petroleum products. Without a doubt, a once-and-for-all total deregulation would have resolved the problem of availability and thus bring down prices for those outside Abuja, Lagos, Port Harcourt and their environs who have always paid much more than the official posted price. Pump prices arising from the present total deregulation would, in reality, amount to a reduction in prices of majority of Nigerians.”

    Interestingly, excerpts from the 2003 national broadcast by President Obasanjo present a contrast between the former leader and President Tinubu. They also showcase two leadership visions. One leader saw the need to fight for the country’s long-term sustainability but chickened out because he lacked the courage to upset the status quo. Two decades later, another leader saw the damage the failure to make the right economic decision had caused the country. He decided to correct it to avert a looming calamity. While former President Obasanjo left the most challenging task of his presidency undone, President Tinubu tackled head-on what has become an existential threat to our collective well-being from his first day in office. He has remained focused on the bigger picture.

    President Tinubu recognises the burden of leadership and responsibility he bears on behalf of Nigerians. In discharging this burden, he knew from day one that he would have to make the right but unpopular decisions that would ultimately serve the best interest of the country and her people.

    It is certainly not correct to say this president came to the office without a plan.  President Tinubu came into the office with a clear plan titled “Renewed Hope 2023: Action Plan for a Better Nigeria.” It was a well-thought-out programme, with which he canvassed for votes across the country and was elected by our people.

     In the past 17 months, he has remained faithful to the document as he implements the distilled eight-point agenda.

    At the heart of President Tinubu’s economic revitalisation is gas development and expansion of gas pipeline infrastructure to enable Nigeria to compete with Russia in the European markets. In fairness to him, former President Obasanjo himself recently lamented he did not pay adequate attention to gas during his term of office.

    Expanding the pool of available talents and human capital through granting of loans to young Nigerians who are the future of the country to enable them acquire tertiary or vocational education is part of the plans that propelled Tinubu into office. Consumer credit initiative that will promote local production and further stimulate the economy is also high on Tinubu’s action plan. To the President’s credit, these two important policy initiatives among several others are being implemented through NELFUND and Nigerian Consumer Credit Corporation (CrediCorp).

    If there is one President of Nigeria that came prepared and well armed with a clear cut plan to reposition the country across sectors for better outcomes, that President, undoubtedly, is President Bola Ahmed Tinubu.

    •Ajayi is Senior Special Assistant to President Tinubu on Media and Publicity

  • Between Obasanjo’s half-measures and Tinubu’s bold leadership

    Between Obasanjo’s half-measures and Tinubu’s bold leadership

    By Chekwube Nzomiwu

    A video of former President Olusegun Obasanjo’s interview with News Central Television has been trending on social media platforms for the past week. In the interview, the former president, in a veiled reference to the current administration, said Nigeria has a president who came into office without a plan. Yet, the same ‘planless’ president is implementing a bold economic reform programme that Obasanjo initiated and abandoned mid-way.

    This intervention is essentially about a tale of two leaders and how they both handled fuel subsidy removal, a very touchy issue every president of Nigeria has avoided since 1973 because of its disruptive nature and potential to precipitate a pushback that may lead to civil unrest. This serious matter in itself can make a difference between a bold and courageous leader from one that is pretentious and hesitant.

    It is a fact of history that one of the things former President Obasanjo set out to do, among other reforms his administration embarked upon, was complete deregulation of the downstream oil industry. But hard as he tried, he failed to actualise it. Obasanjo faced so much opposition from organised labour and civil society groups that he abandoned a good policy that would have led to massive economic gains for the country. All he could muster the courage to do was to raise the pump price four times during his two-term tenure.

    Twenty years after Obasanjo failed to implement complete downstream deregulation, President Bola Tinubu had the courage of his conviction to implement the policy, redirect the economy, and ensure efficiency in the management of public finance.

    Despite his foibles and messianic complex, former President Obasanjo is no doubt a remarkable leader. His administration opened the economy and implemented essential reforms that his immediate successor should have continued with. What most critics find offensive about the former president is how he sees himself as the only saviour God created for Nigeria. As far as he is concerned, no other leader before and after him has been good enough. For context and clarity, it is essential to recall the former president’s position on deregulating the downstream oil sector when he was in charge.

    In a national broadcast on October 8, 2003, President Obasanjo expressed his frustration and anger at the Nigeria Labour Congress for its opposition to the deregulation of the downstream sector to the point of accusing labour leaders of sedition thus:

    Read Also: Olugbodi seeks government collaboration to drive background check in Nigeria

     “As you are aware, my government has embarked on fundamental reforms designed to depart from the waste and unproductive exercises of the past and leave lasting legacies for the prosperity and improved welfare and well-being of all Nigerians. Since 1999, we have gradually but steadily embarked on the programme of liberalisation and deregulation of the Nigerian economy to promote efficiency and effectiveness of service delivery. Most Nigerians and certainly all organised key stakeholders in the Nigerian economy, including the Nigeria Labour Congress, have endorsed the deregulation programme of government.

     “It is a fitting symbol of our administration’s commitment to the welfare of workers and in an effort to cushion the effects of deregulation that the government provided 80 buses to the NLC in 2002. The trans-liner buses were delivered to the Congress for management without government interference. It is noteworthy that every step taken to deregulate the downstream oil sector has been dogged by, sometimes, irresponsible opposition by the Labour Congress. The result has been that we took too little steps to achieve no meaningful and satisfactory progress. We have tolerated all of these in the interest of promoting popular dialogue and informed dissent.

    “Let me inform Nigerians that when government first came up with the deregulation programme, it was endorsed by the NLC and other stakeholders. In fact, the NLC had requested that we call it a “liberalisation” programme. It was thus more a matter of label than of substance. If we had been successful in implementing the deregulation or liberalisation of the downstream oil sector as earlier agreed by all stakeholders, including labour, we would not have been worrying about the periodic and unsatisfactory price-fixing which has led nowhere except to frustration. The failure to fully deregulate or liberalise has also cost Nigerians billions of naira which are currently wasted on millions of man-hours in queues at the petrol stations.

    “The tens of billions of naira currently being lost in money that could have been used to increase capital spending in the universities, fund agriculture, repair and rehabilitate our roads, invest in education and health, improve security with extra police for security of lives and property.

     “Realising that the investment of well over $400 million (excluding pipelines and depots) in the last six years mostly on Turn Around Maintenance (TAM) and repairs had not improved the performance of the refineries significantly, government had decided that it was unwise to put additional money into the repair of the Kaduna and Port Harcourt refineries before privatising them.

    “What most Nigerians must know is that the contracts for the Turn Around Maintenance for the Kaduna and Port Harcourt refineries were awarded with 50% of the cost paid upfront before the advent of this administration in 1999. Allow me to add that two of the three refinery locations in the country today, were built by my administration as military head of state. This means that if for no other reason, I should be interested in keeping them working. Already, 18 private firms have been licensed to build refineries but they have been reluctant to go into the industry because of Government’s price control in the sector.

    “If only 30% of these firms had been able to establish and operate private refineries, thousands of jobs would have been created and Nigeria would have been in a position to even export refined oil products. All these benefits and more have been denied to Nigerians by the stop-go approach to the deregulation or liberalisation programme, and only a few Nigerians are benefiting from the prevailing government-controlled system. In fact, the NLC’s approach has been counter-productive, and inflicted more pains on Nigerian workers. Each time there is a small increase of three naira or more, transporters have used the opportunity to jerk up transportation cost thereby making the ordinary worker poorer.

     “A once-and-for-all total deregulation would have meant a once-and-for-all increase in transport cost and the pump price for petroleum products. Without a doubt, a once-and-for-all total deregulation would have resolved the problem of availability and thus bring down prices for those outside Abuja, Lagos, Port Harcourt and their environs who have always paid much more than the official posted price. Pump prices arising from the present total deregulation would, in reality, amount to a reduction in prices of majority of Nigerians.”

     Interestingly, excerpts from the 2003 national broadcast by President Obasanjo present a contrast between the former leader and President Tinubu. They also showcase two leadership visions. One leader saw the need to fight for the country’s long-term sustainability but chickened out because he lacked the courage to upset the status quo. Two decades later, another leader saw the damage the failure to make the right economic decision had caused the country. He decided to correct it to avert a looming calamity. While former President Obasanjo left the most challenging task of his presidency undone, President Tinubu tackled head-on what has become an existential threat to our collective well-being from his first day in office. He has remained focused on the bigger picture.

    President Tinubu recognises the burden of leadership and responsibility he bears on behalf of Nigerians. In discharging this burden, he knew from day one that he would have to make the right but unpopular decisions that would ultimately serve the best interest of the country and her people.

    It is certainly not correct to say this president came to the office without a plan.  President Tinubu came into the office with a clear plan titled “Renewed Hope 2023: Action Plan for a Better Nigeria.” It was a well-thought-out programme, with which he canvassed for votes across the country and was elected by our people.

     In the past 17 months, he has remained faithful to the document as he implements the distilled eight-point agenda. At the heart of President Tinubu’s economic revitalisation is gas development and expansion of gas pipeline infrastructure to enable Nigeria to compete with Russia in the European markets. In fairness to him, former President Obasanjo himself recently lamented he did not pay adequate attention to gas during his term of office.

    Expanding the pool of available talents and human capital through granting of loans to young Nigerians who are the future of the country to enable them acquire tertiary or vocational education is part of the plans that propelled Tinubu into office. Consumer credit initiative that will promote local production and further stimulate the economy is also high on Tinubu’s action plan. To the President’s credit, these two important policy initiatives among several others are being implemented through NELFUND and Nigerian Consumer Credit Corporation (CrediCorp).

     If there is one President of Nigeria that came prepared and well-armed with a clear cut plan to reposition the country across sectors for better outcomes, that president, undoubtedly, is President Bola Ahmed Tinubu.

    •Ajayi is Senior Special Assistant to President Tinubu on Media and Publicity

  • Downstream deregulation: Between Obasanjo’s half-measures and Tinubu’s bold leadership

    Downstream deregulation: Between Obasanjo’s half-measures and Tinubu’s bold leadership

    By Temitope Ajayi

    A video of former President Olusegun Obasanjo’s interview with News Central Television has been trending on social media platforms for the past week. In the interview, the former President, in a veiled reference to the current administration, said Nigeria has a President who came into office without a plan. Yet, the same ‘planless’ president is implementing a bold economic reform programme that Obasanjo initiated and abandoned mid-way.

    This intervention is essentially about a tale of two leaders and how they both handled fuel subsidy removal, a very touchy issue every president of Nigeria has avoided since 1973 because of its disruptive nature and potential to precipitate a pushback that may lead to civil unrest. This serious matter in itself can make a difference between a bold and courageous leader from one that is pretentious and hesitant.

    It is a fact of history that one of the things former President Obasanjo set out to do, among other reforms his administration embarked upon, was complete deregulation of the downstream oil industry. But hard as he tried, he failed to actualise it. Obasanjo faced so much opposition from organised labour and civil society groups that he abandoned a good policy that would have led to massive economic gains for the country. All he could muster the courage to do was to raise the pump price four times during his two-term tenure.

     Twenty years after Obasanjo failed to implement complete downstream deregulation, President Bola Tinubu had the courage of his conviction to implement the policy, redirect the economy, and ensure efficiency in the management of public finance.

     Despite his foibles and messianic complex, former President Obasanjo is no doubt a remarkable leader. His administration opened the economy and implemented essential reforms that his immediate successor should have continued with. What most critics find offensive about the former president is how he sees himself as the only saviour God created for Nigeria. As far as he is concerned, no other leader before and after him has been good enough. For context and clarity, it is essential to recall the former president’s position on deregulating the downstream oil sector when he was in charge.

     In a national broadcast on October 8, 2003, President Obasanjo expressed his frustration and anger at the Nigeria Labour Congress for its opposition to the deregulation of the downstream sector to the point of accusing labour leaders of sedition thus:

    Read Also: Senate screens Bianca Ojukwu, Yilwatda, five other ministerial nominees on Tuesday

    “As you are aware, my government has embarked on fundamental reforms designed to depart from the waste and unproductive exercises of the past and leave lasting legacies for the prosperity and improved welfare and well-being of all Nigerians. Since 1999, we have gradually but steadily embarked on the programme of liberalisation and deregulation of the Nigerian economy to promote efficiency and effectiveness of service delivery. Most Nigerians and certainly all organised key stakeholders in the Nigerian economy, including the Nigeria Labour Congress, have endorsed the deregulation programme of government.

     “It is a fitting symbol of our administration’s commitment to the welfare of workers and in an effort to cushion the effects of deregulation that the government provided 80 buses to the NLC in 2002. The transliner buses were delivered to the Congress for management without government interference. It is noteworthy that every step taken to deregulate the downstream oil sector has been dogged by, sometimes, irresponsible opposition by the Labour Congress. The result has been that we took too little steps to achieve no meaningful and satisfactory progress. We have tolerated all of these in the interest of promoting popular dialogue and informed dissent.

     “Let me inform Nigerians that when government first came up with the deregulation programme, it was endorsed by the NLC and other stakeholders. In fact, the NLC had requested that we call it a “liberalisation” programme. It was thus more a matter of label than of substance. If we had been successful in implementing the deregulation or liberalisation of the downstream oil sector as earlier agreed by all stakeholders, including labour, we would not have been worrying about the periodic and unsatisfactory price-fixing which has led no where except to frustration. The failure to fully deregulate or liberalise has also cost Nigerians billions of naira which are currently wasted on millions of man-hours in queues at the petrol stations.

     “The tens of billions of naira currently being lost in money that could have been used to increase capital spending in the universities, fund agriculture, repair and rehabilitate our roads, invest in education and health, improve security with extra police for security of lives and property.

     “Realising that the investment of well over $400 million (excluding pipelines and depots) in the last six years mostly on Turn Around Maintenance (TAM) and repairs had not improved the performance of the refineries significantly, government had decided that it was unwise to put additional money into the repair of the Kaduna and Port Harcourt refineries before privatising them.

     “What most Nigerians must know is that the contracts for the Turn Around Maintenance for the Kaduna and Port Harcourt refineries were awarded with 50% of the cost paid upfront before the advent of this administration in 1999. Allow me to add that two of the three refinery locations in the country today, were built by my administration as military head of state. This means that if for no other reason, I should be interested in keeping them working. Already, 18 private firms have been licensed to build refineries but they have been reluctant to go into the industry because of Government’s price control in the sector.

    “If only 30% of these firms had been able to establish and operate private refineries, thousands of jobs would have been created and Nigeria would have been in a position to even export refined oil products. All these benefits and more have been denied to Nigerians by the stop-go approach to the deregulation or liberalisation programme, and only a few Nigerians are benefiting from the prevailing government-controlled system. In fact, the NLC’s approach has been counter-productive, and inflicted more pains on Nigerian workers. Each time there is a small increase of three naira or more, transporters have used the opportunity to jerk up transportation cost thereby making the ordinary worker poorer.

    “A once-and-for-all total deregulation would have meant a once-and-for-all increase in transport cost and the pump price for petroleum products. Without a doubt, a once-and-for-all total deregulation would have resolved the problem of availability and thus bring down prices for those outside Abuja, Lagos, Port Harcourt and their environs who have always paid much more than the official posted price. Pump prices arising from the present total deregulation would, in reality, amount to a reduction in prices of majority of Nigerians.”

    Interestingly, excerpts from the 2003 national broadcast by President Obasanjo present a contrast between the former leader and President Tinubu. They also showcase two leadership visions. One leader saw the need to fight for the country’s long-term sustainability but chickened out because he lacked the courage to upset the status quo. Two decades later, another leader saw the damage the failure to make the right economic decision had caused the country. He decided to correct it to avert a looming calamity. While former President Obasanjo left the most challenging task of his presidency undone, President Tinubu tackled head-on what has become an existential threat to our collective well-being from his first day in office. He has remained focused on the bigger picture.

    President Tinubu recognises the burden of leadership and responsibility he bears on behalf of Nigerians. In discharging this burden, he knew from day one that he would have to make the right but unpopular decisions that would ultimately serve the best interest of the country and her people.

    It is certainly not correct to say this president came to the office without a plan.  President Tinubu came into the office with a clear plan titled “Renewed Hope 2023: Action Plan for a Better Nigeria.” It was a well-thought-out programme, with which he canvassed for votes across the country and was elected by our people.

     In the past 17 months, he has remained faithful to the document as he implements the distilled eight-point agenda.

    At the heart of President Tinubu’s economic revitalisation is gas development and expansion of gas pipeline infrastructure to enable Nigeria to compete with Russia in the European markets. In fairness to him, former President Obasanjo himself recently lamented he did not pay adequate attention to gas during his term of office.

    Expanding the pool of available talents and human capital through granting of loans to young Nigerians who are the future of the country to enable them acquire tertiary or vocational education is part of the plans that propelled Tinubu into office. Consumer credit initiative that will promote local production and further stimulate the economy is also high on Tinubu’s action plan. To the President’s credit, these two important policy initiatives among several others are being implemented through NELFUND and Nigerian Consumer Credit Corporation (CrediCorp).

    If there is one President of Nigeria that came prepared and well armed with a clear cut plan to reposition the country across sectors for better outcomes, that President, undoubtedly, is President Bola Ahmed Tinubu.

    •Ajayi is Senior Special Assistant to President Tinubu on Media and Publicity

  • Downstream deregulation: Between Obasanjo’s half-measures and Tinubu’s bold leadership 

    Downstream deregulation: Between Obasanjo’s half-measures and Tinubu’s bold leadership 

    By Temitope Ajayi 

    A video of former President Olusegun Obasanjo’s interview with News Central Television has been trending on social media platforms for the past week. In the interview, the former President, in a veiled reference to the current administration, said Nigeria has a President who came into office without a plan. 

    Yet, the same ‘planless’ president is implementing a bold economic reform programme that Obasanjo initiated and abandoned mid-way.

    This intervention is essentially about a tale of two leaders and how they both handled fuel subsidy removal, a very touchy issue every president of Nigeria has avoided since 1973 because of its disruptive nature and potential to precipitate a pushback that may lead to civil unrest. 

    This serious matter in itself can make a difference between a bold and courageous leader from one that is pretentious and hesitant.

    It is a fact of history that one of the things former President Obasanjo set out to do, among other reforms his administration embarked upon, was complete deregulation of the downstream oil industry. 

    But hard as he tried, he failed to actualise it. Obasanjo faced so much opposition from organised labour and civil society groups that he abandoned a good policy that would have led to massive economic gains for the country. All he could muster the courage to do was to raise the pump price four times during his two-term tenure.

    Twenty years after Obasanjo failed to implement complete downstream deregulation, President Bola Tinubu had the courage of his conviction to implement the policy, redirect the economy, and ensure efficiency in the management of public finance.

    Despite his foibles and messianic complex, former President Obasanjo is no doubt a remarkable leader. His administration opened the economy and implemented essential reforms that his immediate successor should have continued with. 

    What most critics find offensive about the former president is how he sees himself as the only saviour God created for Nigeria. As far as he is concerned, no other leader before and after him has been good enough. For context and clarity, it is essential to recall the former president’s position on deregulating the downstream oil sector when he was in charge.

    In a national broadcast on October 8, 2003, President Obasanjo expressed his frustration and anger at the Nigeria Labour Congress for its opposition to the deregulation of the downstream sector to the point of accusing labour leaders of sedition thus:

    “As you are aware, my government has embarked on fundamental reforms designed to depart from the waste and unproductive exercises of the past and leave lasting legacies for the prosperity and improved welfare and well-being of all Nigerians. 

    “Since 1999, we have gradually but steadily embarked on the programme of liberalisation and deregulation of the Nigerian economy to promote efficiency and effectiveness of service delivery. Most Nigerians and certainly all organised key stakeholders in the Nigerian economy, including the Nigeria Labour Congress, have endorsed the deregulation programme of government.

    “It is a fitting symbol of our administration’s commitment to the welfare of workers and in an effort to cushion the effects of deregulation that the government provided 80 buses to the NLC in 2002. The transliner buses were delivered to the Congress for management without government interference. 

    “It is noteworthy that every step taken to deregulate the downstream oil sector has been dogged by, sometimes, irresponsible opposition by the Labour Congress. The result has been that we took too little steps to achieve no meaningful and satisfactory progress. We have tolerated all of these in the interest of promoting popular dialogue and informed dissent.

    “Let me inform Nigerians that when government first came up with the deregulation programme, it was endorsed by the NLC and other stakeholders. In fact, the NLC had requested that we call it a “liberalisation” programme. It was thus more a matter of label than of substance. If we had been successful in implementing the deregulation or liberalisation of the downstream oil sector as earlier agreed by all stakeholders, including labour, we would not have been worrying about the periodic and unsatisfactory price-fixing which has led no where except to frustration. The failure to fully deregulate or liberalise has also cost Nigerians billions of naira which are currently wasted on millions of man-hours in queues at the petrol stations.

    “The tens of billions of naira currently being lost in money that could have been used to increase capital spending in the universities, fund agriculture, repair and rehabilitate our roads, invest in education and health, improve security with extra police for security of lives and property.

    “Realising that the investment of well over $400 million (excluding pipelines and depots) in the last six years mostly on Turn Around Maintenance (TAM) and repairs had not improved the performance of the refineries significantly, government had decided that it was unwise to put additional money into the repair of the Kaduna and Port Harcourt refineries before privatising them.

    “What most Nigerians must know is that the contracts for the Turn Around Maintenance for the Kaduna and Port Harcourt refineries were awarded with 50% of the cost paid upfront before the advent of this administration in 1999. Allow me to add that two of the three refinery locations in the country today, were built by my administration as military head of state. This means that if for no other reason, I should be interested in keeping them working. Already, 18 private firms have been licensed to build refineries but they have been reluctant to go into the industry because of Government’s price control in the sector.

    “If only 30% of these firms had been able to establish and operate private refineries, thousands of jobs would have been created and Nigeria would have been in a position to even export refined oil products. All these benefits and more have been denied to Nigerians by the stop-go approach to the deregulation or liberalisation programme, and only a few Nigerians are benefiting from the prevailing government-controlled system. In fact, the NLC’s approach has been counter-productive, and inflicted more pains on Nigerian workers. Each time there is a small increase of three naira or more, transporters have used the opportunity to jerk up transportation cost thereby making the ordinary worker poorer.

    “A once-and-for-all total deregulation would have meant a once-and-for-all increase in transport cost and the pump price for petroleum products. Without a doubt, a once-and-for-all total deregulation would have resolved the problem of availability and thus bring down prices for those outside Abuja, Lagos, Port Harcourt and their environs who have always paid much more than the official posted price. Pump prices arising from the present total deregulation would, in reality, amount to a reduction in prices of majority of Nigerians.”

    Interestingly, excerpts from the 2003 national broadcast by President Obasanjo present a contrast between the former leader and President Tinubu. They also showcase two leadership visions. One leader saw the need to fight for the country’s long-term sustainability but chickened out because he lacked the courage to upset the status quo. Two decades later, another leader saw the damage the failure to make the right economic decision had caused the country. 

    He decided to correct it to avert a looming calamity. While former President Obasanjo left the most challenging task of his presidency undone, President Tinubu tackled head-on what has become an existential threat to our collective well-being from his first day in office. He has remained focused on the bigger picture. 

    President Tinubu recognises the burden of leadership and responsibility he bears on behalf of Nigerians. In discharging this burden, he knew from day one that he would have to make the right but unpopular decisions that would ultimately serve the best interest of the country and her people.

    It is certainly not correct to say this president came to the office without a plan.  

    President Tinubu came into the office with a clear plan titled “Renewed Hope 2023: Action Plan for a Better Nigeria.” It was a well-thought-out programme, with which he canvassed for votes across the country and was elected by our people.

    In the past 17 months, he has remained faithful to the document as he implements the distilled eight-point agenda. 

    At the heart of President Tinubu’s economic revitalisation is gas development and expansion of gas pipeline infrastructure to enable Nigeria to compete with Russia in the European markets. 

    In fairness to him, former President Obasanjo himself recently lamented he did not pay adequate attention to gas during his term of office.

    Read Also: Firm ties refinery construction to full downstream deregulation

    Expanding the pool of available talents and human capital through granting of loans to young Nigerians who are the future of the country to enable them acquire tertiary or vocational education is part of the plans that propelled Tinubu into office. 

    Consumer credit initiative that will promote local production and further stimulate the economy is also high on Tinubu’s action plan. To the President’s credit, these two important policy initiatives among several others are being implemented through NELFUND and Nigerian Consumer Credit Corporation (CrediCorp).

    If there is one President of Nigeria that came prepared and well armed with a clear cut plan to reposition the country across sectors for better outcomes, that President, undoubtedly, is President Bola Ahmed Tinubu.

    -Ajayi is Senior Special Assistant to President Tinubu on Media and Publicity