Tag: President Tinubu

  • Not T-Pain but T-Hope

    Not T-Pain but T-Hope

    By Kenechukwu Aguolu

    It is no longer news that President Tinubu, who promised Nigerians a renewed hope, is now being referred to as T-Pain by many in less than two years of his administration. His reforms, which focus on the long-term economic prosperity of the country, have brought hardship to the common man.

    Leaders have failed Nigerians in the past, which has led to a lack of trust in the government, making people doubt that the hardship is short-term and worth the sacrifice, especially as the promised interventions have not arrived promptly.

    However, at the 30th Nigerian Economic Summit (#NES30) in Abuja on Monday, 14 th October 14, the vice president of World Bank , Indermit Gill said that Nigeria’s current reforms has to be sustained for the next 10-15 years in order to transform its economy and become an engine of growth in Sub-Saharan Africa.

    During his campaign, President Tinubu said he would make bold decisions for the betterment of Nigeria. In his 2024 Independence Day speech, he stated that Nigeria must reform for progress or collapse. For the common man on the street, this may not make sense; when the cost of living rises, the default reaction is to blame the current government.

    Therefore, Nigerians need to be better educated on the economy inherited by the current administration, where we are now, and the future prospects in light of the consequences of maintaining the current reforms. Just as it is required in change management, those impacted by the change should be properly engaged.

    Read Also: Aviation Minister Keyamo hailed for transformative strides in airports

    When President Tinubu’s government came into power, the economy was in a state of comatose. The country’s debt service to revenue ratio was 97% with an uncleared forex backlog of over $6 billion.

    How can a country survive like this? Something drastic had to be done—President Tinubu directed the removal of fuel subsidies and the floating of the naira, which has saved the government money but has caused hardship for Nigerians due to the resultant inflation.

    The government has promised to invest these savings in infrastructure and the development of critical sectors of the economy.

    Without the reforms of the current administration, the federal government might have soon started defaulting on its financial commitments like salaries and debt servicing, which would have been catastrophic.

    Nigeria has a revenue problem that must be solved urgently by optimizing oil production and diversifying the economy in line with President Tinubu’s Renewed Hope Agenda. Getting debt relief will also go a long way. It is also important to implement cost-efficiency measures and eradicate corruption. None of this can be achieved without the right cabinet in place, with properly communicated deliverables.

    President Bola Ahmed Tinubu promised Nigerians renewed hope, not pain.

    According to him, the hardship being experienced is short-term and a sacrifice Nigerians need to bear for a better tomorrow. However, some of the current backlashes could have been prevented with prompt implementation of intervention programs and policies.

    The government should continuously educate Nigerians on its programs and achievements. President Tinubu has dared to do things differently.

    I would rather call him T-Hope because of his Renewed Hope Agenda for Nigeria.

    • Kenechukwu Aguolu, Kenerek1@gmail.com

  • Explainer: President Tinubu’s drive for foreign investments

    Explainer: President Tinubu’s drive for foreign investments

    By Temitope Ajayi

    In his independence anniversary broadcast on October 1, President Bola Tinubu enumerated his administration’s efforts to drive foreign direct investments into the country. He noted that within the first 16 months of his administration, the government had attracted over $30 billion in FDI.

    A section of the social media and television punditry that delights in criticising any announcement from the government has gone into overdrive since the broadcast. Led by a desire to put a dagger at any positive news, they have been trying to outdo themselves, all to prove that the president made false claims. Fact-checkers are racing to determine who can fact-check the most. I told a few friends who have harangued me that there is nothing absolute about any fact-checking, especially if the fact-checkers themselves do not know better. It is all a matter of perspectives and what is being checked.

    A distinction should be made between attracting and securing investments. Investments need to be attracted first. Many other processes are involved in the intervening period before they fully crystalise. Many critics are only focused on capital importation. That is a limited view of the investment process.

    It is important to emphasise that attracting local or foreign investments does not mean immediate cash inflow into the economy. Investments could come from new foreign or local investors seeking to establish new ventures in the country or existing investors who want to expand their investments and footprints.

    When President Tinubu attended the G20 Summit in India in August last year, he had the commitments of Indian businessmen who pledged to make a combined $14 billion additional investment in Nigeria. Some of the Indian businessmen have existing businesses in Nigeria. The chairmen of Indorama and Bharti Airtel were in the room with President Tinubu when these announcements were made. The president didn’t impose these commitments on them. They saw the need themselves because of their confidence in the new economic direction being championed by the current administration.

    At the meeting in New Delhi, Airtel chairman Sunil Bharti Mittal said his company planned a $800 million network expansion in Nigeria. In March this year, Airtel started construction of its $500m data centre at the Eko Atlantic City in Lagos.

    Read Also: Rotary club strengthens ties between Nigeria, India, says Indian Consulate

    President Tinubu was right in his broadcast speech when he said his administration had attracted more than $30 billion into the country to date. Some of these investments are in-country in the form of machinery and raw materials, some in cash, and some at various stages of final decisions.

    A few days ago, the Special Adviser to the President on Energy, Olu Verheijen, hinted at new investments in the oil sector at a global forum in the USA. We already see statements from key Oil and Gas players to back her up.

    ExxonMobil, during a meeting with Vice President Kashim Shettima in New York last week, revealed its plan to invest $10 billion in Nigeria’s deep waters to increase the nation’s crude oil output. Similarly, Total Energies announced a final decision on a $550 million investment in non-associated gas exploration and production. All these were based on President Tinubu’s Executive Orders for the Oil and Gas Sector.

    Based on pronouncements by various companies and investors since the Tinubu administration took office, the following represents a summary of the new round of investments that are committed to Nigeria:

     1. ExxonMobil – $10 billion: ExxonMobil commits to invest the announced sum in expanding Nigeria’s deep water oil production.

     2. India – $14 billion: During President Tinubu’s visit to India, a range of investments were announced, including, Indorama’s $8 billion plan to expand its petrochemical and fertiliser plant in Nigeria; Bharti Airtel’s $800 million for network expansion, and Jindal Steel’s $3 billion for steel production.

     3. Coca-Cola—$1 billion: Coca-Cola’s global leadership recently visited President Tinubu and re-committed to the $1 billion they announced in 2021 to expand its distribution network and product range. Coca-Cola paused the investment in 2021 and is now ready to continue because the government is currently addressing some of the fiscal policy issues that delayed the investment.

     4. APPL – €9.2 billion: Alternative Petroleum & Power Ltd (APPL) is developing the Hydrogen Polis project to produce green hydrogen derivatives like green methanol and ammonia in Akwa Ibom State. The project includes 1,650 MW of renewable energy and will create 25,000 direct and indirect jobs.

     5. Maersk—$600 million: Maersk is investing in Nigeria’s port infrastructure to increase cargo capacity and improve logistics.

     6. Arise – $3.5 billion: Arise Integrated Industrial Platform is focusing on revitalizing Nigeria’s cotton and textile industries. Afrexim Bank supports this investment.

     7. Afrexim – $5 billion: Afreximbank’s support includes a $5 billion country risk guarantee and funding mechanisms to support various projects, particularly in the manufacturing and energy sectors.

     8. Shell – More than $3 billion: Shell’s investment is mainly directed at expanding LNG production, renewable energy projects, and infrastructure development within Nigeria’s energy sector.

    9. Total Energies / NNPC Project Ubeta: $550m

    Taken together, these are positive signs of the impact that the administration’s policies are having on the investment landscape in Nigeria. They speak to faith in the government’s policies, the Nigerian economy, and the Nigerian people. That the president highlighted this success story should be celebrated and certainly not be a cause for needless criticism.

    The issues here remain that these commitments are real, and the president is working hard to create an economic and political environment that will make Nigeria a destination of choice for local and foreign investments. It is in our collective interest that these commitments fully mature. Our economy and people also benefit when businesses come here and do well.

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

  • FULL TEXT: President Tinubu’s 64th Independence anniversary speech

    FULL TEXT: President Tinubu’s 64th Independence anniversary speech

    President Bola Tinubu on Tuesday addressed the nation on the 64th Independence Anniversary celebration, saying his reforms were yielding results.

    He also announced the intention of the Federal Government to include the youths in his administration, by introducing a 30-day national youth conference.

    Read Full Text Below:

    TEXT OF NATIONAL BROADCAST BY PRESIDENT BOLA AHMED TINUBU ON THE 64TH INDEPENDENCE ANNIVERSARY OF THE FEDERAL REPUBLIC OF NIGERIA OCTOBER 1, 2024

    Fellow Nigerians, as I address you today, I am deeply aware of the struggles many of you face in these challenging times. Our administration knows that many of you struggle with rising living costs and the search for meaningful employment. I want to assure you that your voices are heard.

    As your President, I assure you that we are committed to finding sustainable solutions to alleviate the suffering of our citizens. Once again, I plead for your patience as the reforms we are implementing show positive signs, and we are beginning to see light at the end of the tunnel.

    Exactly 64 years ago, our founding fathers chose democracy as a form of government and launched the dream of a great country that would lead the rest of Africa out of poverty, ignorance, and underdevelopment, a beacon of hope to the rest of Africa and the world.

    Over six decades later, we can look back, and Nigerians worldwide can see how well we have succeeded in realising the lofty dreams of our founding fathers.

    The world is witnessing and benefiting from the can-do spirit of the Nigerian people, our massive intellectual capacity, and our enterprise and industry in all vocations, from arts to science, technology to infrastructure. The dreams that our founding fathers envisaged are still a work in progress. Every day, we put our hands on the plough, determined to do a better job of it.

    Read Also: Tinubu to address nation on 64th Independence Anniversary

    While it is tempting to focus on what has been left undone and where we have stumbled as a nation, we must never lose sight of how far we have come in forging and holding our country together.

    Since independence, our nation has survived many crises and upheavals that led to the dissolution and disintegration of many other nations worldwide. Six years after independence, our country descended into a political crisis that led to a bitter and avoidable civil war. Since returning from the brink of that darkest moment, we have learned to embrace our diversity and manage our differences better as we continue to work towards engendering a more perfect union.

    Despite the many challenges that buffeted our country, we remain a strong, united, and viable sovereign nation.

    Dear compatriots, our independence anniversary gives us another chance to reflect on how far we have gone in our journey to nation-building and to renew our commitment to building a better nation that will serve present and future generations of Nigerians.

    While we celebrate the progress we have made as a people in the last sixty-four years, we must also recognise some of our missed opportunities and mistakes of the past. If we are to become one of the greatest nations on earth, as God has destined us to be, our mistakes must not be allowed to follow us into the future.

    My administration took over the leadership of our country 16 months ago at a critical juncture. The economy faced many headwinds, and our physical security was highly impaired. We found ourselves at a dizzying crossroads, where we must choose between two paths: reform for progress and prosperity or carry on business-as-usual and collapse. We decided to reform our political economy and defence architecture.

    On the security front, I am happy to announce to you, my compatriots, that our administration is winning the war on terror and banditry. Our target is to eliminate all the threats of Boko Haram, banditry, kidnapping for ransom, and the scourge of all forms of violent extremism. Within one year, our government has eliminated Boko Haram and bandit commanders faster than ever. As of the last count, over 300 Boko Haram and bandit commanders have been eliminated by our gallant troops in the Northeast, Northwest, and some other parts of the country.

    We have restored peace to hundreds of communities in the North, and thousands of our people have been able to return home. It is an unfinished business, which our security agencies are committed to ending as quickly as possible. As soon as we can restore peace to many communities in the troubled parts of the North, our farmers can return to their farms. We expect to see a leap in food production and a downward spiral in food costs. I promise you, we shall not falter on this.

    Our government has been responding to the recent natural disasters, particularly the flooding in parts of the country. After Vice President Kashim Shettima visited Maiduguri, I also visited to assure our people that this federal government will always stand with our people in their times of trouble. At the last meeting of the Federal Executive Council, we approved a Disaster Relief Fund to mobilise private and public sector funds to help us respond faster to emergencies.

    Our government has also ordered integrity tests of all our dams in the country to avert future disasters.

    The economy is undergoing the necessary reforms and retooling to serve us better and more sustainably. If we do not correct the fiscal misalignments that led to the current economic downturn, our country will face an uncertain future and the peril of unimaginable consequences.

    Thanks to the reforms, our country attracted foreign direct investments worth more than $30 billion in the last year.

    Fellow compatriots, our administration is committed to free enterprise, free entry, and free exit in investments while maintaining the sanctity and efficacy of our regulatory processes. This principle guides the divestment transactions in our upstream petroleum sector, where we are committed to changing the fortune positively. As such, the ExxonMobil Seplat divestment will receive ministerial approval in a matter of days, having been concluded by the regulator, NUPRC, in line with the Petroleum Industry Act, PIA. This was done in the same manner as other qualified divestments approved in the sector.

    The move will create vibrancy and increase oil and gas production, positively impacting our economy.

    The more disciplined approach adopted by the Central Bank to monetary policy management has ensured stability and predictability in our foreign exchange market. We inherited a reserve of over $33 billion 16 months ago. Since then, we have paid back the inherited forex backlog of $7 billion. We have cleared the ways and means debt of over N30 trillion. We have reduced the debt service ratio from 97 per cent to 68 per cent. Despite all these, we have managed to keep our foreign reserve at $37 billion. We continue to meet all our obligations and pay our bills.

    We are moving ahead with our fiscal policy reforms. To stimulate our productive capacity and create more jobs and prosperity, the Federal Executive Council approved the Economic Stabilisation Bills, which will now be transmitted to the National Assembly. These transformative bills will make our business environment more friendly, stimulate investment and reduce the tax burden on businesses and workers once they are passed into law.

    As part of our efforts to re-engineer our political economy, we are resolute in our determination to implement the Supreme Court judgment on the financial autonomy of local governments.

    The central concern of our people today is the high cost of living, especially food costs. This concern is shared by many around the globe as prices and the cost of living continue to rise worldwide.

    My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home.

    I commend the Governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme. I urge other states to join the Federal Government in investing in mechanised farming. We are playing our part by supplying fertilizer and making tractors and other farm equipment available. Last week, the Federal Executive Council approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months.

    Our energy transition programme is on course. We are expanding the adoption of the Presidential Initiative on Compressed Natural Gas for mass transit with private sector players. The Federal Government is ready to assist the thirty-six States and FCT in acquiring CNG buses for cheaper public transportation.

    Fellow Nigerians, while we are working to stabilise the economy and secure the country, we also seek to foster national unity and build social harmony and cohesion. Our economy can only thrive when there is peace.

    As we work to overcome the challenges of the day, we remain mindful of the next generation as we seek to galvanize their creative energy towards a better future. We lead today with the future we wish to bequeath to our children in focus, recognizing that we cannot design a future that belongs to them without making them its architects.

    Considering this, I am pleased to announce the gathering of a National Youth Conference. This conference will be a platform to address the diverse challenges and opportunities confronting our young people, who constitute more than 60 per cent of our population. It will provoke meaningful dialogue and empower our young people to participate actively in nation-building. By ensuring that their voices are heard in shaping the policies that impact their lives, we are creating a pathway for a brighter tomorrow.

    The 30-day Confab will unite young people nationwide to collaboratively develop solutions to issues such as education, employment, innovation, security, and social justice. The modalities of this Confab and selection of delegates will be designed in close consultation with our young people through their representatives. Through this confab, it will be our job as leaders to ensure that their aspirations are at the heart of the conference’s deliberations. The government will thoroughly consider and implement the recommendations and outcomes from this forum as we remain resolute in our mission to build a more inclusive, prosperous, and united Nigeria.

    Our government is implementing several other youth-centric programmes to give our young people an advantage in the rapidly changing world. We are implementing, amongst others, the 3 million Technical Talents programme (3MTT) of the Ministry of Communications, Innovation and Digital Economy, aimed at building Nigeria’s technical talent backbone.

    We have also enthusiastically implemented the Nigerian Education Loan Fund (NELFUND), which provides cheap loans to our students to pursue their tertiary educational dreams. In addition, later this month, we shall launch The Renewed Hope Labour Employment and Empowerment Programme (LEEP). It is conceived as a comprehensive suite of interventions at job creation by the Federal Ministry of Labour and Employment that is aimed at facilitating the creation of 2.5 million jobs, directly and indirectly, on an annual incremental basis whilst simultaneously ensuring the welfare and safety of workers across the country.

    As is the tradition, the government will soon announce all the beneficiaries of our national honours for 2024.

    The Senate President and the Chief Justice of the Federation have been conferred with the honour of the Grand Commander of the Order of the Niger (GCON). The deputy Senate President and Speaker of the House of Representatives have the honour of Commander of the Order of the Federal Republic (CFR), while the deputy speaker of the House has been awarded Commander of the Order of Niger (CON).

    Fellow Nigerians, better days are ahead of us. The challenges of the moment must always make us believe in ourselves. We are Nigerians—resilient and tenacious. We always prevail and rise above our circumstances.

    I urge you to believe in our nation’s promise. The road ahead may be challenging, but we will forge a path toward a brighter future with your support. Together, we will cultivate a Nigeria that reflects the aspirations of all its citizens, a nation that resonates with pride, dignity, and shared success.

    As agents of change, we can shape our destiny and build a brighter future by ourselves, for ourselves and for future generations.

    Please join our administration in this journey towards a brighter future. Let us work together to build a greater Nigeria where every citizen can access opportunities and every child can grow up with hope and promise.

    May God continue to bless our nation and keep members of our armed forces safe.

    Happy Independence anniversary, my fellow Nigerians!

    -President Bola Ahmed Tinubu

  • Subsuming IPCR under NIIA – Open letter to President Tinubu

    Subsuming IPCR under NIIA – Open letter to President Tinubu

    By Demola Akinyoade

    I am writing to express my expert opinion on the proposed subsuming of the Institute for Peace and Conflict Resolution (IPCR) under the Nigerian Institute of International Affairs (NIIA). As a Professor of Peace and Conflict Studies and the chair holder of the UNESCO Chair on Peace and Citizenship, I am deeply concerned about the potential consequences of this proposal on Nigeria’s peace and conflict resolution capabilities.

    With over two decades of experience in peace studies and practice, I am eager to share my insights and arguments against the proposed subsuming.

     The Oronsaye Report (2012) aimed at enhancing governance efficiency by identifying redundant functions among federal government agencies.

    While implementing the report’s recommendation is commendable, subsuming IPCR under NIIA may inadvertently undermine Nigeria’s peace and conflict resolution capacities.

     The report’s recommendations have far-reaching implications for the country’s peace and security architecture, and it is crucial to consider the potential consequences of such a move.

     I applaud the thoughtful decision-making approach adopted by the House of Representatives and hope to contribute to the discussion with my expertise.

     I strongly believe that subsuming the IPCR under NIIA will have far-reaching negative consequences for Nigeria’s peace and conflict resolution efforts.

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    I urge you, Your Excellency, to consider the importance of maintaining IPCR’s autonomy, ensuring its continued impact on promoting peace and conflict resolution in Nigeria. Peace has been a fundamental human value, essential for coexistence, even before the emergence of nations and international relations. Subsuming IPCR under NIIA would undermine this historical priority, making peace secondary to international affairs.

     Nigeria’s national anthem, pledge, and coat of arms emphasize peace as a core value strongly desired within every strata of the Nigerian society. Subsuming IPCR under NIIA would contradict these national symbols, diminishing peace’s importance and suggesting that peace is more desirable in our international affairs than at home. Peace Studies encompasses individual, national, international, and environmental aspects, making it more comprehensive than international affairs as far as scholarship and practice of peace is concerned. IPCR’s autonomy ensures a focused approach to peace, unlike NIIA’s primary mandate in international affairs. IPCR’s mandate and expertise are distinct from NIIA’s, focusing on peace research, training, and conflict resolution. Subsuming IPCR would dilute its impact and undermine its contributions. IPCR’s existence inspires peace students, providing a career path in peace studies. Subsuming it under NIIA would diminish this impact, losing generations of potential career peace builders to international affairs. Subsuming IPCR would lead to the misuse or underutilization of its resources, including intellectual property, research, and expertise.

    Autonomy ensures effective resource management. General George Washington established an Academy of Peace in the USA, recognizing the need for a dedicated peace institution as there is a dedicated Academy of War. Similarly, Nigeria should maintain IPCR’s autonomy, learning from international best practices. Peace has been a fundamental human value, essential for coexistence, even before the emergence of nations and international relations. The pursuit of peace predates the establishment of international affairs, making it a foundational ideal that should not be subsumed under another umbrella. This historical priority underscores the importance of maintaining IPCR’s autonomy; ensuring peace remains a central focus rather than being overshadowed by international affairs. Throughout history, peace has been recognized as a vital component of human relationships, from interpersonal to international levels. Subsuming IPCR under NIIA would undermine this historical priority, diminishing peace’s significance.

    Your Excellency, I urge your administration to preserve the autonomy of IPCR as a standalone agency, enabling it to continue its vital work in peace studies and practice. Consider elevating IPCR’s status to a commission, providing it with enhanced resources and capacity to effectively fulfil its mandate. Establish a dedicated funding stream for IPCR, ensuring consistent support for its peace and conflict resolution initiatives and reducing its reliance on donor funds. Expand IPCR’s research and training programs to address emerging peace and security challenges in Nigeria. Foster enhanced collaboration between IPCR and other government agencies, civil society organizations, and international partners to amplify peace building efforts. Develop a national peace policy or strategy, with IPCR as the lead agency, to guide Nigeria’s peace and conflict resolution efforts. Strengthen IPCR’s capacity for conflict prevention and early warning systems, enabling proactive interventions. Establish a network of peace and conflict resolution centres across Nigeria, with IPCR as the coordinating hub. Promote peace education and awareness campaigns, leveraging IPCR’s expertise, to foster a culture of peace and tolerance in Nigeria. By implementing these recommendations, your administration can demonstrate its commitment to prioritizing peace and conflict resolution in Nigeria.

    Subsuming IPCR under NIIA poses a significant threat to Nigeria’s progress in peace studies and practice. IPCR autonomy is crucial for maintaining its expertise, resources, and impact on Nigerian society. I urge you, Mr. President, to consider the historical priority of peace, national values and symbols, the broader scope of peace studies, IPCR’s unique mandate and expertise, student experiences and testimonials, and international comparisons.

     By maintaining IPCR autonomy and expanding its capacity, Nigeria can continue to prioritize peace and conflict resolution, aligning with its national values and symbols.

    This will ensure a more harmonious and prosperous Nigeria, where peace is not just a value but a reality. Your Excellency, please protect IPCR, a cherished heritage of peace students, scholars, practitioners, and all Nigerians. I appreciate your attention to this critical matter and look forward to your thoughtful consideration.

    •Prof. Akinyoade is chair-holder, UNESCO Chair on Peace and Citizenship and Director, Part-Time Studies, Afe Babalola University, Ado-Ekiti.

  • Seeing the strength in President Tinubu

    Seeing the strength in President Tinubu

    By ‘Demola Adegoroye

    As I watched the viral video of President Asiwaju Bola Tinubu’s fall during the Democracy Day celebrations, my initial shock and concern gave way to a deep sense of admiration and respect. Here was a man in his 70s, who had just suffered a public tumble, yet he got up, dusted himself off, and continued with the event as if nothing had happened.

    In a world where leaders often prioritize image over substance, Asiwaju’s display of resilience and determination was a breath of fresh air. It was a powerful reminder that true leadership is not about being infallible, but about being courageous, adaptable, and committed to serving others.

    As someone who has had the privilege of working with Asiwaju since 2001, I can attest to his unwavering spirit and unshakeable resolve. He is a man who has faced countless challenges throughout his life, from fighting for democracy to navigating the complexities of Nigerian politics. Yet, he remains undeterred, driven by a fierce passion for his country and its people.

    Read Also: Tinubu appoints Yakubu as new Budget Office Chief

    Asiwaju’s determination is not just inspiring; it’s contagious. It has the power to energize and motivate others to strive for greatness, even in the face of adversity. And that’s exactly what Nigeria needs today – leaders who are willing to take risks, challenge the status quo, and push through difficulties to achieve greatness.

    Of course, Asiwaju is not perfect. He has made mistakes, and he will likely make more in the future. But what will set him apart is his willingness to learn from those mistakes, to listen to others, and to adapt and grow. He is a leader who is not afraid to confront his own weaknesses and limitations, and to seek help when needed.

    As we navigate the complex challenges facing our nation, we need more leaders like Asiwaju – leaders who are brave, resilient, and determined to succeed. We need leaders who will inspire us to be our best selves, to strive for excellence, and to never give up in the face of adversity.

    So, let us draw inspiration from Mr President’s fall on Wednesday and his unbreakable spirit and unwavering resolve. Let us learn from his example, and strive to be leaders who make a difference in our own unique ways. For it is only by embracing our own resilience and determination that we can truly achieve greatness and make a lasting impact on our world.

    Several countries the world over have had aged leaders and who fell as often as possible in public and in private but still ran their countries well and led their people out of poverty and adversity, and that is my prayer for Asiwaju; that God will strengthen him to perform exploits for the survival and greatness of our dear country Nigeria.

    • Adegoroye, the immediate past Minister of State for Transportation, writes from Abuja

  • When will it be our turn, President Tinubu?

    When will it be our turn, President Tinubu?

    Sir: Inflation rate as at April 2024 stood at 33.69percent according to the National Bureau of Statistics CPI and Inflation report of April 2024. The cost of transportation is killing whether you move in your own vehicle or use commercial. Workers are finding it hard to feed their families. Marital conflicts are rising, depression is rising. It is important for the president to know that there is no rest/peace of mind yet for the masses despite telling them to calm down.

    The question that Nigerians are asking the president is, when will it be their turn to enjoy basic amenities of life and good governance?

    The country is hard for the majority but the minority in the corridors of power are getting empowered and better. Only those who interact with the streets will understand what is happening. Small business owners like pepper sellers are shutting down. Those in power formulate and implement policies that empower foreign investors but hurt and kill domestic industries because they cannot compete favourably.

    Read Also: Gunmen kill two police officers, civilian in Imo ambush

    Lecturers have not fared better. To even to go to the office five days a week with the present salaries is unsustainable. The Academic Staff Union of Universities (ASUU) has been trying to make government sign a living wage and a better condition of service with the overworked and overburdened public university lecturers. Since 2009, government has been dribbling the union and playing with the livelihoods of the intellectual community. However, they expect our universities to solve societal problems without committing commensurate funds that can bring out impactful researches.

    Workers in the health sector are also lamenting. We are losing more of our best to the United Kingdom, Canada, United States of America and even South Africa. There is no money to pay workers a living wage or provide them a decent working condition. 

    It is 25 years into this democratic journey. Yet, Nigerian leaders at the national and sub-national levels have not been able to provide basic amenities for the majority of Nigerians to enjoy. The masses who don’t have money to fly have to travel by road. In the process, they are picked up by bandits and kidnappers, raped, extorted for ransom and may be released dead or alive. Many households in the northwest and northeast have pulled their children out from going to school because government has not shown them that they can be trusted to protect them.

    What are the implications of allowing the aforementioned conditions to continue? There will be increase in corruption in government offices, in the markets and on the streets. People who spend more than they earn to come to office do not depend on the salaries anymore. They have simply devised strategies and are exploiting the system that failed to consider their welfare as important. When the economy is hard as it is, there will be increase in out-of-school children and that implies future danger and insecurity.

    When people shut down their businesses, there will be increase in unemployment and poverty and the resultant effects will be increase in social problems, deviant behaviours and criminality such as cyber-criminality, armed robbery, kidnapping and banditry.

    President Bola Tinubu needs to know that fixing the economy is an important step to reposition the country. Farming communities need protection from bandits and terrorists displacing them from their ancestral homes so that they can plant and grow crops to feed the nation. Our refineries must be made to work and refine products for us locally. Government policies must encourage domestic production and protect domestic industries to thrive. Electricity (energy) is central to this. Epileptic power supply kills business. The president must be courageous to weed out those sabotaging his efforts.

     For Nigerians to hail thee, Mr President, you need to deliver a sound security system, a functional health and education and a rejuvenated economy. Mr President, grant this one request. Help us to build a nation where no man is oppressed. And so with peace and plenty, Nigeria and Nigerians may be blessed.

    • Professor Oludayo Tade,University of Ibadan.

  • President Tinubu’s unsung achievements

    President Tinubu’s unsung achievements

    By May 29, 2024, President Bola Ahmed Tinubu GCFR will clock one year in office. There is no doubt that if many Nigerians are asked to assess his government, they will start the assessment with the economic hardship in the country, believed to be induced by his twin policies of removal of fuel subsidy and the floating of our long struggling Naira currency.

    I am pretty sure that none of us would remember that funding of fuel subsidy had already become unsustainable by the time Tinubu assumed office on May 29, 2023. We would also not remember that few months before President Muhammadu Buhari left office, his Minister of Finance, Zainab Ahmed announced that the country was funding subsidy through borrowing. We were told that from June 2022 to June 2023 alone, the Buhari government budgeted N3 trillion to cover petrol subsidy costs. This subsidy had long been known by all of us as a cesspit of corruption, worse than the Ajaokuta Steel Company.

    Like the late Ikemba Nnewi, Dim Chukwuemeka Odumegwu Ojukwu said in his book “Because I am involved,” we conveniently forget certain facts about our journey through life as a polity.” If not, we would have remembered that Nigerians in the corridors of power were enriched by the dual exchange rate policy, which according to former Central Bank of Nigeria (CBN) Governor, Muhammad Sanusi II, encouraged similar rent seeking and corruption, like the subsidy regime under the immediate past administration.

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    However, my intention here is not to argue in favour of President Tinubu’s economic policies because as one equally feeling the pinch, I know how herculean it is to convince a man who does not have food on his table today that an economic policy is meant to secure his tomorrow. What I intend to do here is to share with my countrymen some unsung achievements of the President, which I see as foundational building blocks for a united, peace and prosperous Nigeria of our dream.

    One, is the appointment of Supreme Court judges to fill the vacancies in the bench of the apex court. Prior to this appointment, the Supreme Court had only 10 Justices as opposed to the 21 constitutionally recommended. The fact that the 10 justices came from four out of the six geo-political zones of the country, made the situation a matter of public concern. While the South-West and North-East had three justices each, the South-South and North-West had two each. The South East and North Central had none. With the appointment of the 11 justices by President Tinubu, all the geo-political zones in the country are now equitably represented in the Supreme Court bench.

    The President went further to approve the increment of monthly salary package for judges, comprising basic salaries and regular allowances, estacodes and leave allowances. Prior to this increment, Nigerian judges were among the poorest when it comes to remuneration of judges in Africa. For instance, judges in Nigeria were earning far less than their counterparts in Ghana and South Africa. The poor remuneration of judges in Nigeria was largely seen as responsible for the corruption that bedeviled the justice system in Nigeria. Prior to the increment, a retired Supreme Court Justice, Dattijo Muhammad, while speaking at his valedictory ceremony, lamented the poor salary structure of justices in Nigeria.  Many lawyers believed that the increment would grant judges the security and freedom they need to operate, hence enhancing our legal system and deepening our democracy.

    The second achievement of President Tinubu is ensuring that every geo-political zone is represented in the National Security Council (NSC). Under his predecessor, Buhari, nobody from the South East was found worthy of appointment as a service chief and into the Security Council. Under Tinubu, Rear Admiral Emmanuel A, Ogalla from Igbo-Eze North Local Government, Enugu State, became the Chief of Naval Staff. The last time a South Easterner served in that capacity was in 1993-1994 in the person of Real Admiral Allison Madueke, from the same Enugu State.

    Thirdly, the President has shown huge commitment to cutting the cost of governance, which experts have associated with the inability of the country to achieve meaningful development over the years. Sequel to the public outcry that greeted Nigeria’s very large delegation to COP 28 climate change conference in Dubai, the United Arab Emirates, he went the whole hog to slash by 60 percent the number of those accompanying public officials on any given trip, whether foreign or local. To further confront the massive cost of governance, in February this year, Tinubu ordered the full implementation of the 2012 Oronsanye report, which will reduce the number of government departments and agencies through merger, relocation and scrapping of some departments and agencies. A month after, he imposed three-month ban on foreign travels for Nigerian officials under the employment of the federal government.

    Nevertheless, I have heard some people complain that Tinubu appointed 48 ministers, the highest number appointed by any president so far. According to the calculation of one of the national newspapers, the 48 ministers will gulp N8.6 billion in four years. Ironically, I am aware that my people in the South East are even clamouring for more ministerial slots to bring them at par with other regions in the federal cabinet. My take here is that if a country like Ghana with a population of 36 million people is currently running with 40 ministers, 48 ministers for the most populous black nation on earth with an estimated population of 230 million people, may not be over bloated as widely insinuated, once there is moderation in the cost of maintaining them.

    President Tinubu promised to renew the hope of Nigerians. He knows his plan, including the personnel he needed to fulfill the promise he made to Nigerians. For me, whether he appointed 42 or 48 ministers should not be our headache. Our interest is to see a Nigeria that cares for everybody irrespective of tribe or creed or class. 

    Fourthly, the current administration has renewed the commitment of the Federal Government to quality education for human capital development. There is global consensus that education is the bedrock of development. Examples abound in the success stories of the Asian Tigers like Singapore and South Korea and the Scandinavian Countries, such as Denmark, Norway and Sweden. In the 2024 budget of Nigeria, education got N2.16 trillion, representing 6.39 percent of the total budget. Although this allocation fell below the 15 percent recommended by UNESCO, it is an improved allocation to education, compared to previous budgets.

    In addition to funding, Tinubu administration has been interfacing with critical stakeholders in the education sector, including the education sector unions and the students themselves. It is important to point out that this administration paid the eight months’ salary arrears of members of the Academic Staff Union of Universities (ASUU) withheld by the immediate past administration during the prolonged strike of the union. Nonetheless, the other unions in the university system are clamouring for the payment of their own withheld salaries. Another achievement of the administration is the introduction of the Nigerian Education Loan Fund (NELFUND), which will enhance access to tertiary education in the country. 

  • One year of President Tinubu: My take

    One year of President Tinubu: My take

    By Keem Abdul

    During his campaign for the Nigerian Presidency, Asiwaju Bola Ahmed Tinubu pledged that he’d ‘hit the ground running’ if elected. That’s exactly what he has done since his inauguration in May 2023. In the one year since his ascension, he has run the affairs of the nation at a rather frenetic pace – implementing tough economic policies that have impacted the lives and livelihoods of Nigerians in far-reaching ways; rejigging the nation’s security apparatus in a bid to tame the rampaging monster of insecurity; and forging bilateral and multilateral partnerships with national governments, intergovernmental agencies well as the international investor community.

    Below is this writer’s analysis of the import and outcomes of President Tinubu’s engagements in three key areas.

    The Economy

    It would be an understatement to say that President Bola Tinubu inherited a deeply troubled  economy. So, even as he vied to replace Muhammadu Buhari in the Aso Villa seat of power in Abuja, Tinubu knew that neither he nor any of his rivals for the highest office in the land would be able to move the needle of recovery (let alone development) even an inch, unless they were willing to implement tough and potentially disruptive structural reforms. Moments after being sworn in as President, Tinubu began to do just that; he swiftly announced an end to petrol subsidies – a double-edged sword which on one hand has freed up badly-needed public funds for reallocation to areas designed to spur growth and economy recovery, but on the other hand has also raised the price of petrol by over 200%, and driven millions of beleaguered Nigerians deeper into poverty.

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    Weeks later, he also announced the unification of the naira’s multiple exchange rates, thereby  ‘floating’ the currency. Under the previous regime,  the official exchange rate of the naira to the dollar was mostly fixed, rather than determined by market forces. But the CBN’s inability to meet the demand for dollars at this rate contributed to a thriving forex black market and eroded investor confidence in Nigeria. But the new policy has enabled the freeing of resources the CBN previously used to ‘defend’ the naira. It has also reduced the budget deficit, and is beginning to attract foreign investment – albeit in trickles at the moment, though the government hopes that these trickles will become a flood in due course.

    These reforms have not been without their challenges, of course – especially with regards to their social impact. But in spite of these challenges, they have been generally well-received in many influential quarters at home and abroad. Stakeholders have also given kudos to the government for its efforts at mitigating social impact with targeted interventions aimed at helping working families weather the economic storms. Two of such interventions include the Student Loan Scheme (designed to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution) and the Consumer Credit Scheme (aimed at making it easier for working  Nigerians to own a home, a car, household gadgets, and generally afford the good things of life without the pressure of having to pay for them at once). More of such interventions are underway.

    As he marks the first anniversary of his administration, the President says these reforms will be consolidated in his bid to steer Nigeria towards prosperity – especially in the areas of public finances and expenditure, as well as tax management.

    But beyond the need to mobilise more resources for development, Tinubu’s government is figuring out the most efficient spending pathways towards ensuring medium and long-term economic returns, boosting Nigeria’s productive capacity, diversifying its exports away from oil, and putting the country in a better position to leverage opportunities such as the African Continental Free Trade Area Agreement (AfCFTA).

    Security

    Insecurity in Nigeria has, over the years, become a hydra-headed monster, with each of the country’s 6 geo-political regions the victim of at least one of those hydras. Name them:  Farmer-herder conflicts in the north-central. Insurgency in the north-east. Banditry in the north-west. Separatist violence in the south-east. Piracy off the coast of the south-south.  Not to mention: Ritual killings. Prison breaks. Attacks on military and police facilities and personnel. ‘One-Chance’.  The list goes on and on.

    In  unveiling his manifesto last year, Tinubu underscored the place of security as a centrepiece of his agenda. “We shall reform both our security doctrine and its architecture,” he pledged. “We shall invest more in our security personnel, which means more than an increase in number (but also in terms of) better training, equipment, pay, and firepower.” The President also promised to implement a bold, no-nonsense crime-prevention reform plan to facilitate the establishment of highly-trained and disciplined anti-terrorist battalions (ie special units that would “seize the strategic and tactical initiative and give terrorists, kidnappers and bandits no respite”). As he prepared to take office, Tinubu recognized that insecurity was an existential threat, not just to the lives and property of Nigerians, but to the corporate existence of the country itself.  And over the course of a year, his administration has acted in accordance with that understanding.

    He signaled his intent with his appointments to the top of the military and police totem pole. The pedigree of these appointees spoke volumes. And so did the sense of urgency the President imparted to his service chiefs upon their assumption of office, which was also extended to the civilians whom he tasked to oversee their work; recall that last year, the Minister of Defence, Abubakar Badaru, quoted the President as declaring in no uncertain terms that the jobs of all his appointees, military and civilian alike, would be in jeopardy if they didn’t end insecurity within  one year!

    For the first time in the country’s history, also, the administration not only devoted its highest allocation for security so far (in the 2024 budget), but also made it clear that a large chunk of the allocation was specifically to enhance inter-agency collaboration in the fight against insurgency and criminality.

    But of far greater import than the tangible evidence of what the Tinubu-led government has  done to reset the security ecosystem in the past one year, is the palpable evidence of new thinking (a reorientation, if you like),  and a receptiveness to new ideas and approaches to the problem, that this government has demonstrated – which is a far-cry from the obstinate, dyed-in-the-wool approach of yesteryears. In response to the recommendations of security experts and other knowledgeable stakeholders, the administration has either made progress, or is exploring the best pathways, in the following directions, among many others:

    – Auditing security budget allocations and their implementation to identify areas of inefficiency and corruption;

    – Confronting threats to the W/African sub-region. As the current Chairman of ECOWAS (the sub-regional economic and political grouping), Tinubu has been diligent in working to rejig the body’s security and conflict-management mechanisms;

    – Enhancing the capacity of training institutions such as the Nigerian Defence Academy and Police Colleges across the country, etc. At a recent graduation ceremony of the NDA, the President described sound education and training as ‘the ultimate security strategy’.

    – Implementing meaningful and lasting police reform, as well as taking a more critical look at the vexed issue of multi-level policing;

    – Getting the buy-in and active collaboration of community leaders, civil society organizations and other stakeholders in order to deepen understanding of the unique security dynamics in a manner that fosters trust, encourages information-sharing, and strengthens the bonds between communities and security forces – as well as empowering (and equipping) local communities to protect themselves; and

    – Outlining, as a critical social investment, a process for judicial redress and compensation for civilians and communities impacted by military and police brutality and collateral damage;

    Going forward, President Tinubu has pledged to confront the menace of insecurity in non-kinetic ways as well, by addressing the underlying socio-economic factors that contribute to insecurity (ie investing more robustly in education, healthcare and infrastructure development) in ways that create jobs, alleviate poverty and foster inclusive economic growth as a bulwark against criminality as well as regional and ethno-religious resentment that leads to subversion and violent separatism..

    Foreign Affairs

    Upon its emergence as an independent nation, Nigeria sought to play an active role on the international stage commensurate with her size, population and economic might. In the 1960s, ’70s and ’80s, her foreign policy was guided by a set of fundamental principles: Africa’s unity and freedom from  imperialist influence; enhancing Nigeria’s influence on the continent; the peaceful settlement of disputes between nations; non-alignment (in the Cold War which raged at the time); non-interference in the internal affairs of other nations; and regional economic cooperation and development.

    The dramatic shifts in the global geo-political landscape in the late 1990s and since the dawn of the 21st century (coupled with her internal challenges brought on by a severe economic downturn and escalating insecurity), have forced Nigeria to reassess her foreign policy objectives more on the basis of her interests than on the afore-mentioned principles. This pragmatic approach, however, recognizes the fact that the challenges facing the global community as a whole CANNOT be solved by any single country acting alone – no matter how powerful that country may be. These problems which, if left to fester without concerted global action, will negatively affect the fortunes of all nations, range from the proliferation of small and light weapons as well as weapons of mass destruction; climate change as a consequence of human action; irregular migration and its potential to fuel conflicts; the trafficking in hard drugs and in humans (especially women); and international terrorism. In a multi-polar world increasingly being defined by new social paradigms and disruptive technologies, Nigeria has learned to adopt a diplomatic approach geared towards advancing her strategic interests while still shouldering the obligations of a responsible global citizen.

    This clear-headed understanding of current global realities is encapsulated in President Tinubu’s foreign policy – and in particular, the 4D Approach which his government unveiled in August 2023. This approach is anchored on 4 critical pillars (Democracy, Demography, Diaspora and Development).

    Under the ‘Democracy’ pillar, Nigeria aims to project itself as a champion of democracy, and to fully play its role as a proactive democracy, one that will help guarantee the peace, security and stability of West Africa and Africa under constitutional government.

    Under the ‘Demography’ pillar, it is the projection of many global bodies that Nigeria would be the 3rd most-populous country in the world by 2050 – after India and China. Under this pillar, Nigeria will push for membership in influential groupings like the G20. As Africa’s largest economy and one of the most populous countries in the world, there is no earthly reason, the Tinubu government says, why Nigeria is NOT in the G20.  Analysts of this pillar also say Nigeria stands at the crossroads between a “demographic dividend” and a “demographic bomb”. If wisely managed, our population can yield many advantages, as it has done for China, for example. But if not, it will explode in a manner that will reverberate well beyond our borders.

    On the ‘Diaspora’ pillar, Nigeria’s growing diaspora community is a primary transmission mechanism for the global reputation of our country. Therefore a well-served and engaged community can be a powerful tool for national branding. For this reason, the Tinubu government is working towards changing the Nigerian diaspora’s perceptions about their home country – notably by transforming the quality of services they receive from their home government, especially in the areas of passport application, consular services, advocacy, etc. Nigeria also aims to be more strategic in seeing its diaspora as ‘ambassadors’ of Nigeria’s immense potential. The ‘japa’ syndrome among young Nigerians and professionals means that Nigeria has (wittingly or otherwise) become an exporter of labour to other climes. Government aims to ensure that Nigeria derives the benefits from this export. Far from absolving the government of its responsibility to make Nigeria itself more conducive to thrive in, this pillar aims to ensure that emigration works for us as a country – in terms of financial remittances, acquisition of talent, diaspora investment, and so forth. The Nigerians in Diaspora Commission (NiDCOM), which was established by former President Buhari in 2019, has been active in serving Nigerians in Diaspora in  collaboration with the Ministry of Foreign Affairs.

    The fourth pillar, ‘Development’ sees foreign policy as a tool for attracting and driving investment into the Nigerian economy through collaborations with a wide range of public and private-sector stakeholders, in a bid to achieve sustainable socio-economic development. At this critical juncture, Nigeria needs all the investment it can get, local or foreign. Tinubu’s 15 or so foreign trips since he took office last May are mostly driven by this all-important ‘development’ component of his foreign policy thrust. Throughout his sojourns abroad, the President has sounded basically the same consistent tone: that Nigeria (for all its current challenges) presents an irresistible ROI opportunity for would-be investors, who will do well to capitalize on Nigeria’s twin competitive advantages of immense natural wealth and a vibrant, highly-engaged, creative and tech-savvy youth population – given that the bottlenecks that have historically impeded the ease of doing business in Nigeria are now a thing of the past.

    The object of the 4D policy, according to Foreign Affairs Minister Yussuf Tuggar, is to “reinforce Nigeria’s position as a leader in Africa; enhance its influence globally; maximise opportunities; drive major multilateral reforms, and foster improved national security, trade, and investment.”

    By that measure, President Tinubu has succeeded, in his first year in office, in pulling Nigeria from the margins of the global scheme of things to its mainstream. And as he strides  into his second year, it is only natural to expect that the momentum of the 4Ds would be accelerated to keep pace, not only with our developmental imperatives, but also with the demands of an ever-evolving and inter-dependent global village.

    Kudos, Mr. President! Here’s to an even more impactful second year in office.

    Abdul, publisher and writer, hails from Lagos.

  • Niger govt renames Airport after President Tinubu

    Niger govt renames Airport after President Tinubu

    Niger state government has renamed the Dr Abubakar Imam International Airport Minna to the Bola Ahmed Tinubu International Airport ahead of its commissioning by the president on Monday.

    This was disclosed by the special adviser to the Niger state governor on governance and reform, Dr Isah Adamu while giving an update about the president’s visit to Minna.

    He said that during the visit, the president will commission the remodeled airport which was formerly called the Dr Abubakar Imam International Airport, flag off the agricultural revolution project, and lay the foundation of the Hajj Terminal.

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    The state Commissioner of Information, Binta Mamman explained that the airport which was originally a federal government initiative faced delays in promoting the current government to assume control to ensure its expedited completion after consultation with relevant authorities.

    She said: “The terminal is now ready for commissioning, offering an alternative to the Nnamdi Azikwe International Airport given the state’s proximity to the nation’s capital.”

    She disclosed that other projects to be commissioned by the president include various categories of agricultural mechanized equipment procured by the current government which aligns with the shared goal of achieving food security and supporting the national agendas of both the federal and state governments.

    She added: “The equipment includes provisions for an agro-processing free zone and irrigation facilities which would enhance agricultural productivity within the state.”