President Bola Tinubu says Nigeria is ready to host the African Central Bank in line with the vision of the Abuja Treaty. 

Addressing leaders at the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union (AU) in Addis Ababa, Ethiopia, on Saturday, President Tinubu said his administration will engage the African Union Commission in collaboration with member states to ensure that the bank takes off as scheduled in 2028.

The President affirmed that Africa's success in conclusively addressing its challenges hinges on the firmness of its resolution, built on a foundation of deep-rooted solidarity, if it is to avoid perpetuating existing problems and creating new ones.

"As a continent and as individual nations, we face strong headwinds and difficult hurdles threatening to complicate our mission to bring qualitative democratic governance and economic development to our people. Many of these obstacles, such as climate change and unfair patterns of global trade, are largely not of our making. However, some of the pitfalls, including coup-birthed autocracies and the deleterious tinkering with constitutional tenure provisions, are developmental cancers we as Africans are giving to ourselves," he stated.

Speaking on the military takeovers in the Republics of Guinea, Burkina Faso, Mali, and Niger, and the exit of three of these nations from ECOWAS, the President said disagreements over the unconstitutional changes of government should not mean a permanent rupture of the abiding lines of regional affinity and cooperation.

"The drive for a peaceful, strong, and united West Africa is bigger than any one person or group of people. The bonds of history, culture, commerce, geography, and brotherhood hold deep meaning for our people. Thus, out of the dust and fog of misunderstanding and acrimony, we must seize the chance to create a new people-centric era of trust and accord. 

"To all who care to listen, I declare that if you come to the table to discuss important matters in good faith, you will find Nigeria and ECOWAS already sitting there waiting to greet you as the brother that you are," President Tinubu said.

On education, which is the theme of this year's summit, the President said education is the core ingredient in the process of evolving creative solutions to the unique challenges long confronting the continent. 

"In helping to achieve the Agenda 2063 objective of a peaceful, united and prosperous Africa, I consider African education, not only in the narrow context of the benign use of science and technology to improve the material standards of our people, but also in the nuanced appreciation of the fact that Africa must also become better educated in the humane art of democratic practice, diplomacy, and conflict resolution without violence.

"This year’s theme encourages us to remodel our educational systems to fit these goals. In Nigeria, my administration is devoting ample resources to education at all levels. From redesigning our school feeding programmes and academic curricula to making ourselves an Information and Communication Technology hub, through which we shall bring more youths into the classroom and furnish them with the tools required to flourish in the global economy of the 21st century," he said. 

The President used the occasion to extend invitation to the Africa Counter-Terrorism Summit scheduled to take place in April 2024, in Abuja, stating that the summit aims to expand discussions beyond military and law enforcement remedies to comprehensively tackle the root causes of violent extremism, such as poverty, inadequate political access, and the propagation of hateful ideologies.

Chief Ajuri Ngelale 

Special Adviser to the President 

(Media & Publicity)

President Bola Tinubu says Africa must forge partnerships that transcend borders and sectors, leveraging on collective expertise, knowledge, resources, and the private sector to address the complex challenges confronting the health sector. 

Speaking at the Ministerial Executive Leadership Programme on the margins of the 37th Ordinary Session of the Assembly of Heads of State and Government of the African Union in Addis Ababa, Ethiopia, on Saturday, President Tinubu said Africa's effective collaboration with the rest of the world to tackle existential health challenges is not merely a strategic choice, but a moral imperative. 

The President, who was appointed as the AU Champion for Human Resources for Health and Community Health Delivery Partnership, said the challenges confronting the continent are too complex and multifaceted for any one entity to tackle alone. 

"Together, we can catalyze meaningful change and unlock new opportunities for innovation and impact in our continent. Not Africa in isolation, but a global Africa, engaged in respectful and well-considered partnerships with the rest of the world.

"Our continent still grapples with numerous health issues that require urgent attention. Infectious diseases remain a significant burden, such as malaria, HIV/AIDS, tuberculosis, and cholera, and threats of re-emerging infectious diseases that can devastate communities and entire economies. Access to essential healthcare services remain limited, especially in many rural areas, due to factors such as inadequate infrastructure, financial barriers, and more seriously, an acute shortage of trained manpower that is aggravated by workforce migration to wealthier countries.

"Noncommunicable diseases, including diabetes, cardiovascular diseases, and cancer, are on the rise in our continent, further straining healthcare systems that are already struggling to cope. There still remains the critical need to address maternal and child health, as high maternal and child mortality rates continue to claim precious lives," he said.

President Tinubu posited that addressing these challenges requires a multi-faceted approach, involving robust investments in healthcare infrastructure, training, re-training, skilled manpower retention, improving access to essential medicines, and promoting preventive healthcare measures. 

The President linked the continent’s capacity to successfully address these problems with its ability to adopt a whole-of-government approach, recognizing that health outcomes are intrinsically linked to a myriad of socio-economic factors, adding: "For instance, a healthy population is essential for a thriving economy as it leads to increased productivity and reduced healthcare costs. Similarly, education plays a crucial role in improving health outcomes by empowering individuals to make informed decisions about their health and well-being."

The President emphasized that healthcare professionals are the backbone of the healthcare system, and as such, investments must be made not only in training but also in creating conducive environments that enable healthcare professionals to thrive. 

He said community health delivery must be the cornerstone of Africa's efforts, fostering partnerships with local stakeholders and empowering individuals to take charge of their own health, adding that the true measure of the continent's success lies in its ability to reach the most vulnerable members of its communities.

"In our quest for universal health coverage, equity must be our central guiding principle. Health disparities, rooted in socio-economic inequality, gender discrimination, geographic isolation, and other systemic injustices, demand political will and targeted interventions to address them. We must listen to the voices of marginalized communities, amplifying their concerns and aspirations as we strive to build more prosperous, just, and inclusive societies.

"In Nigeria, we are making significant efforts, aimed at enhancing healthcare accessibility, affordability, and quality for all citizens, irrespective of socio-economic standing. This initiative is driven by a multi-faceted approach focusing on strengthening leadership and governance within the health sector, optimizing quality service delivery for efficiency and effectiveness. 

"The Nigeria Health Sector Renewal Investment Initiative (NHSRII), which I unveiled last December, stands as a pioneering endeavour, deployed through a Sector-Wide Approach, to improve health outcomes at scale. This initiative is strategically crafted to swiftly improve health indicators and unlock the economic potential embedded within Nigeria's healthcare value chain. Central to its mission is the unleashing of the nation's human capital, alongside the potential economic boon that has been long dormant in the healthcare sector. The Federal Government, under my leadership, has already signed a Compact with State Governments and Development partners in this multi-stakeholder effort to improve health in Nigeria," the President stated.

President Tinubu urged Africa's leaders to commit to concrete actions and policies that will drive positive change in healthcare delivery within their respective countries and regions, declaring: "Together, we can build a prosperous, healthier, more equitable future, for all Africans, in line with Agenda 2063."

Chief Ajuri Ngelale 

Special Adviser to the President 

(Media & Publicity)

February 17, 2024

The Yoruba socio-political group, Afenifere, says the blame and anger over the current parlous and troubling state of the nation should be directed at former President Muhammadu Buhari and the ex-Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.

Afenifere said the atrocious and disastrous economic policies of Buhari’s administration plunged Nigeria into its current hardship.

The association’s position was contained in a statement on Friday, signed by its Publicity and Organising Secretaries, Jare Ajayi and Kole Omololu.

Afenifere stated that Buhari’s administration failed to make provisions for subsidies in the last budget, leading to President Bola Tinubu hastily removing the subsidy on fuel.

Afenifere also accused Buhari of not doing anything to tackle kidnapping, banditry, and terrorism during his administration.

The group recalled how a probe panel accused the former CBN governor of printing N22.7 trillion through ways and means, while the federal government was borrowing to pay salaries and pensions during the past administration.

Afenifere said during Buhari’s government, some ministers had suggested the removal of subsidies, but he refused.

The statement read partly: “President Buhari could not rein in his critical officials like the then Governor of CBN, Mr Godwin Emefiele, who was printing money rather than facing the reality of taking the difficult decisions, which were postponed till the evil day.

“He even wanted to contest the presidential election! There were no penalties for his infractions by President Buhari. These inactions and false lives continued till May 29, 2023, when the new helmsman, Asiwaju Ahmed Tinubu, was sworn in as president.

“President Tinubu wasted no time amending his inauguration address and declaring the subsidy regime over. This was obvious as there was no appropriation for subsidy from June 2023.”

Super Eagle’s goalkeeper Stanley Nwabali, has seen his transfer value skyrocket to a whopping N3.8 billion following his outstanding performance in the Africa Cup of Nations (AFCON).

Nwabali saved two penalty shots in Nigeria’s semi-final match against South Africa.

The goalkeeper, who played a pivotal role in Super Eagle’s successful campaign during the African Cup of Nations, has garnered attention from several clubs both locally and abroad, resulting in a considerable increase in his market worth.

Following a couple AFCON matches, Nwabali was valued at 250,000 pounds on the transfer market.

Stanley Nwabali is now worth two million pounds (more than N3.8 billion), according to insiders at Chippa United.

Rumor has claimed that the South African team wants to maximize profits from the Nigerian goalkeeper.

Brilla.net reports that many clubs, including Union Saint Gilloise, are interested in Nwabali’s services.

Pooja, a sports photojournalist, also wrote about it on X:

“Nwabali now worth over £2m after AFCON. One month the tournament & his worth skyrocketed. Mr. Composure.”

City FM is inviting you to a scheduled Zoom meeting.

Programme: CITY TALKS WITH REUBEN ABATI

Time: 12:00pm

Guest: Comrade Funmi Agnes Sessi
(NLC Chairman, Lagos State)

Topic: "NLC two-day protest over economic hardship"

Date: 17th February, 2024
                         
Join Zoom Meeting
https://zoom.us/j/92877141732?pwd=VEJWb29OL2VVekZUTHRpdWYxK0xxZz09

Meeting ID: 928 7714 1732
Passcode: 600206

The African Development Bank (AfDB) has issued a warning that an increase in commodity and fuel prices may lead to social unrest, particularly in response to government policies such as subsidy removal.

The bank’s macroeconomic performance and outlook for 2024 highlighted potential challenges for the continent, projecting higher economic growth than the 3.2% recorded in 2023.

The report emphasized the vulnerability of Africa to global supply chain disruptions, citing geopolitical tensions in Eastern Europe and the Middle East, coupled with the El Nino phenomenon.

It said the disruptions could exacerbate energy and food inflation, with potential consequences for social stability.

The AfDB cautioned that regional conflicts and political instability, triggered by disruptions in constitutional governments, could divert resources from development and social support to security and defense.

The report also underscored the negative economic implications of an unconstitutional takeover of the government, leading to sanctions.

It stated, “Internal conflicts and violence could also result from rising prices for fuel and other commodities due to weaker domestic currencies and reforms.

“For instance, the removal of fuel subsidies in Angola, Ethiopia, Kenya, and Nigeria and the resulting social costs have led to social unrest driven by

The Ekiti State Police Command says it has arrested eight kidnappers who abducted the Apostolic Faith School children and their teachers in Emure-Ekiti, Ekiti State.

The Commissioner of Police, Mr. Adeniran Akinwale, while parading the kidnappers on Friday at the police headquarters in Ado-Ekiti, said one of the gang members was killed during a gun duel with the police operatives.

Akinwale further said that the gang members were also responsible for the abduction of the APC chairman, Hon. Paul Omotoso in 2023.

The CP said, “Initial investigation revealed that Sumo Karami, and his gang members were responsible for the kidnapping of the pupils and their teachers in Emure-Ekiti on January 29.

“The phone used to demand ransom for the release of the pupils and the teachers was recovered from the suspects and efforts intensified led to the arrest of two gang members in Owo forest in Ondo State.

“Many exhibits were recovered from them including one AK-47 assorted rifle, one pump action gun loaded with five lives cartridges, 21 AK-47 live ammunition, among others.”

The CP implored the citizens to cooperate with the police by supplying timely and credible information that could lead to the arrest of criminals in the state.

On January 24, 2024, Nigeria lost a patriotic citizen. It lost Mr Olaleye Franklin Adenibuyan. He died in circumstances that, at once, confounds, breaks the heart, and puts a big question mark on Nigeria’s healthcare system. To not a few people, Mr Adenibuyan’s death was avoidable if only the hospital where he died lived upto its assumed status of a Teaching Hospital.

Let me make a confession upfront so you don’t accuse me of being deliberately emotional.

Mr Adenibuyan was my cousin-in-law. A fine gentleman, he was married to my cousin, Thelma. And we admired and loved both of them “die”, as young people would put it. Theirs was a relationship built on solid foundation; a partnership rooted in time. They loved wearing uniforms, and pranced around like teenagers who just fell in love.

Mr Adenibuyan had served his country, Nigeria, as a Police Officer before he relocated to the United States of America, USA, in 1989. But that relocation never stopped him from visiting his beloved country, his beloved Ondo State, and his more beloved Community, Owo, two times every year. For him, it was a ritual. His love for Nigeria was that strong. And each time he visited, he bought more local fabrics for uniforms for him and his beloved wife Thelma. In their local fabrics, they promoted Nigeria’s culture, Nigeria’s fashion.

So, this year, 2024, as usual he set out from his Dallas, Texas, USA base for Nigeria and arrived Lagos on January 14, 2024. Each time he and his wife came home, either together, or separately, they usually checked into a Hotel at Ajao Estate. The Estate is close to the Lagos Airport. For the Adenibuyans, it was convenient as it saves them from the, atimes, punishing Lagos traffic (we call it go slow) to the Airport for a flight to Akure, Ondo State, en route Owo.

So, on this January 14, Mr Adenibuyan arrived Lagos and checked into the usual hotel. A luggage did not arrive from the US and so, he needed to buy something from a shop opposite the Hotel. That done, as he climbed up the staircase back to his room, the devil stepped in. Tragedy struck. He missed a step. And fell backwards.

As he fell, the family was told, he hit his head on the floor or wherever. The impact was grave. He lost consciousness. And was quickly rushed to a nearby hospital. I cannot confirm what attention he got there. Obviously, his state was beyond what a small private hospital could handle. So he was quickly referred to the University of Lagos Teaching Hospital, LUTH.

Established in 1961, LUTH is a Tertiary Hospital affiliated to the University of Lagos College of Medicine. It is a 761 bed Hospital established to be a Centre of Medical Excellence. To its credit are some of Nigeria’s best brains in Medicine. Many of its products are those “making waves” worldwide. They were trained there. It used to be Nigeria’s pride. As were the University College Hospital, UCH, affiliated to the University of Ibadan, and the Obafemi Awolowo University Teaching Hospital, OAUTH, affiliated to the Obafemi Awolowo University, former University of Ife. And some more.

I don’t know about others, but LUTH has lost its status as a Centre of Medical Excellence. It is now a shadow of itself. A shame to Nigeria. It has deteriorated. With Mr Adenibuyan admitted there, we experienced, first hand, the shadow LUTH has become. And our hearts broke.

The injury Mr Adenibuyan sustained to the head needed URGENT attention. It was a medical emergency. So, obviously, he was admitted to the Intensive Care Unit, ICU – private wing, no less. Meaning the attention was expected to be top-notch. When one pays millions of Naira, even as Naira has lost its value, the least one would expect would be a first class attention. But not here. There was nothing special. Patients were kept in what I choose to call “an open mini ward”. No privacy. No screen. When the question of some privacy was raised, the answer was: “it is because there is no general monitor.”

Once Thelma heard of her husband’s situation, she began to make arrangements to come home. She works in one of the biggest and best Government-owned hospitals in Texas where she has risen to the position of a Director. So, once she was briefed of the prognosis, she knew she had to rush back to Nigeria. Her mission was to take her husband back with her to the USA once he was stable enough to fly.

Meanwhile, from the US, before she was able to secure a seat on a plane, she and the family rallied round to pay every kobo required, every kobo directly and indirectly demanded, officially or unofficially. No expense was spared.

But what did the family see at LUTH.

LUTH had no equipment. Nothing. After the millions of Naira deposited, one still had to pay, separately, for soap and gloves. For a scan to determine the extent of damage to the head, Mr Adenibuyan was taken to a private facility outside LUTH. Why? LUTH said its own scan machine was not in “a working condition.” A Teaching Hospital? The scan showed a lot of blood in the skull. Nothing was done. A couple of days later, LUTH declared triumphantly that the “bleeding has stopped”. The question we, as laymen, asked was: What about the blood already accumulated there? Our elementary understanding was that the blood “has caked there!” If true, we were nervous about the implication.

More surprises were afoot.

On January 17, three days after he was admitted, LUTH said Mr Adenibuyan needed an Intracranial Pressure (ICP) monitoring machine. But this Teaching Hospital does not have the machine. When needed, it was explained to us, it is rented from outside. Cost: N400,000. The family paid. But the machine was not delivered until January 19th. And when it was delivered, it was left by the corner of Mr Adenibuyan’s bed for days, unused.

Perhaps, it was a coincidence, but the ICP Monitoring Machine was used only on the day Thelma arrived (24th) and began to ask questions. This was 10 days after he was referred to LUTH, and perhaps, 10 days after it should have been used.

Thelma arrived Nigeria at about 9.40am on Delta Airlines, and went from the Airport to LUTH to see her husband. She waited for about three hours before she was allowed to, after she incessantly requested to speak with his medical team. She wanted to know why the ICP had not been put in place as was revealed to her by Lekan, her step son, who was in Nigeria for a short vacation, and her husband’s younger brother, Deji. She wondered why the machine was just lying down there. When one of the doctors finally arrived, he tried to explain. But given Thelma’s background, and where she came from, the explanation made no sense to her. She hinted so in many ways, but was, at once very disciplined and too distraught to argue. But finally, she was told another doctor who would do that was being expected.

The doctor, an unassuming guy, competent, calm and collected finally arrived. We were sitting at the ICU waiting room when he walked past. Instinctively, and I guess, from his carriage, I knew he was the one, and I told Thelma so. She sent a message across that she would want to speak with him. Over an hour later, the Doctor came out from the ICU, and asked for Thelma. We followed him. And Thelma had a lot of questions and complaints. He listened, said he had just returned to the country the previous day, and was seeing Mr Adenibuyan for the first time, but quickly added “he is being attended to by a good team.” He explained to us where he thought he should, and apologized where he thought he should. For example, he agreed with Thelma that it was not right to intubate her husband without informing the family. He apologized it was wrong not to have carried the family along every step of the way. And then, calmly, he told us what the situation was, and the way forward.

He said Adenibuyan required an urgent surgery to release the pressure on the brain. He disclosed that the pressure was 61, far beyond the normal 15. This was what Thelma and Lekan consistently, subtly, suggested and appealed for: a surgery to release the pressure to the brain. It would entail a removal of a part of the skull bone to allow the brain swell and then, compress later to normal size. This should have been done, at most, three days after the unfortunate incident.

Anyway, better late than never, we consoled ourselves.

The time for the surgery was set for 4.00pm. But again, a problem.

LUTH does not have a drill. The family was told “there is only one place to rent it. Cost N200,000. No problem. This was on a Thursday. The surgery was meant to be done immediately. But the rental place said “drill not available until Friday afternoon”. Another vendor was frantically sought. He agreed for N180,000, and promised to deliver it against the 4.00pm surgery time. Great. Our spirit lifted some.

But another problem.

Unbelievably, LUTH does not have more than two functional surgery rooms. So, there is usually a queue. Adenibuyan had to wait. One doctor, obviously frustrated by the situation told us: “Today two are functional. Tomorrow, Friday, only one will be available.”

So, I asked why: He told us: “We have 22, but there is no manpower. Doctors, Nurses, Technicians, most have left. If the 22 are open, there will be nobody to man them. Nobody. So, why keep them open?” We were appalled. Our hearts sank. But we held unto hope.

So, either as a result of the queue, or the unavailability, yet, of the drill, the surgery was shifted from 4.00pm to 8.00pm. I left, and told Thelma I would be back by 7.00pm. But just before 5.00pm when Thelma went in to see her husband again, his health had taken a nosedive. Even then, the man who hadn’t opened his eyes for 10 days, opened them once he heard his wife’s voice. She held his hands tight. “Baby, you know why I came. I came for you. We are going back together. I will put you on a flight. We go back together. Your treatment will be taken care of in the US. And, you will be perfect. We’ll be fine, you and I.” The three Doctors Thelma met, she told them the same thing. “I am going back with my husband. That’s my mission. To take him back to the US with me.”

That was not to be. While Thelma held his hands, and CPR was being performed on him, he gave up. He died. In his wife’s arms. Same day she arrived Nigeria.

Since Adenibuyan’s passing, too many questions remain unanswered about our Country’s Healthcare system. Take LUTH for instance.

It is not that there are still no qualified medical personnel, even with the exodus, but here is the problem. There are no medical equipments. The medical personnel are just managing, barely managing. Or, how does one explain that a Teaching Hospital, LUTH, no less, does not have a functional scan machine; does not have ICP Monitoring Machine, or the equipment for drill?

It is the shame of a Country. Like I said earlier, it is not the problem of the Medical Personnel. I admit that the work ethics of a number of them is zero. Compared to what we see in some other climes, they need a re-orientation. There is no sense of urgency. Atimes there is no empathy. But I also admit that their work a environment is a major problem. It is not inspiring. I admit that their welfare is a major problem. It is depressing. I admit that knowing what to do, and not having the equipment to do it is frustrating. One of the doctors who spoke to us out of frustrations said: “You are talking about the equipment.Where is the manpower? Because of our situation, most of us have left. A number of those remaining are on the verge of leaving.” When I asked if he was on his way out too, he gave a knowing smile. I helplessly shook my head.

Since Adenibuyan’s death, regrets have been our food. Many “ifs”. What if he hadn’t been referred to LUTH? Perhaps he would still have been with us. What if LUTH had used the ICP machine as at, and when due? Perhaps, he would still have been with us. What if the drill was used as at the time it should have been used, perhaps he would still have been here with us. What if some sense of urgency had been exhibited, perhaps, he would still have been here with us.

The Federal Government shamelessly laments what negative effect the ”Japa” syndrome has had on Nigeria’s healthcare system. It shamelessly tells us that 42,000 Nurses have left Nigeria in the past three years. Why not? How has the FG treated them? What have you given them to work with? Now, shamelessly, it is putting obstacles here and there to stop Nurses from leaving. Why? My response is in one word: Shame.

Isn’t it a shame that the Nigerian Government, from State to Federal Government which throws money around as if it is going out of circulation, cannot boast of one good Government Hospital except Lagos State. I am reliably informed that Lagos State University Teaching Hospital, LASUTH, affiliated to the Lagos State owned Lagos State University, LASU, is very well equipped by the Lagos State Government. In our doubts at LUTH, one woman called us aside and asked: “Why did you come to LUTH? Why did you not take him to LASUTH? This type of injury is better handled there.”

We spend tons and tons of money, billions of Dollars, trillions of Naira, on frivolities, on things we can do without. How does one explain that $6.2m was spent, allegedly, without authorization, on foreign election observers when LUTH has no medical equipment? Of what use was the presence of the foreign observers to the masses? Did their presence stop us from rigging, from snatching ballot boxes, from doctoring results? Nigeria spent this money when LUTH has no medical equipments, not even a functional scan machine. How does one explain that the sum of one billion Naira was recently requested to enable a Committee fix Workers salaries? Yet, our premier hospitals are empty? Can you imagine what that obscene request could have done for LUTH?

But back to Thelma. We don’t know how to handle her, or what to tell her. She is distraught. Disoriented, almost. Her mission to take her husband home to their “second Country”, US, blew up on her face. “Oh, your husband loved you to death. He waited for you to come back , to see you before he passed on. He even opened his eyes for the first time in 10 days once you arrived”, Thelma is told in a bid to console her. Where do all those leave her?

All she knows is that the Nigerian healthcare system failed her. Her mission to take her husband back to the US with her failed. She was, at a point, making inquiries for an air ambulance to evacuate him to the US. That failed. Ironically, what worked was taking him back to Owo in a body bag! Sad!!

Mr Adenibuyan, as your beloved wife fondly called you, may your soul rest in peace. May you find peace in the fact that you are finally, finally back to your cherished Owo.

The joint task force of Operation Delta Safe (OPDS) says it has uncovered 14 sites illegally refining crude oil in Rivers.

John Okeke, OPDS commander, said the sites were uncovered following intelligence information.

Okeke also said the illegal refining site on Ataba Island, close to Bonny Island in Rivers, would be destroyed.

He added that even though no arrests have been made, the joint operation would not allow the Niger Delta to be a haven for criminals.

“We are going to make it very hot for them with the help of the Navy, Army, Air Force, Police, NSCDS, the DIA, amongst others,” Okeke said.

“Nobody wins alone without collaboration. With team work, we are going to achieve a lot in the fight against illegal bunkering and pipeline vandalism.

“Today we are in Ataba Island, close to Bonny Island, Rivers state, moving towards Akwa Ibom.

“What we discovered here is shocking. About 14 massive cooking sites, one of them is still hot and they must have pulled out on the arrival of the troops.”

The commander also said the OPDS would sustain surveillance and take out economic saboteurs in the region.

“We are sustaining what my predecessor did and I want to thank God that within 24 hours we are able to achieve this feat. It shows that we are performing our duty,” he added.

Okeke advised criminals operating in the area to go into legitimate businesses, warning that those engaged in pipeline vandalism and illegal bunkering would never find peace.

ON January 11, 2012, Bola Ahmed Tinubu published a sober, thoughtful, deeply insightful, and penetratingly foresightful article titled “Removal of Oil Subsidy: President Jonathan Breaks Social Contract With the People” that uncannily prefigured the untoward consequences of petrol subsidy removal that Nigerians are currently grappling with.

The article has trended on social media in the last couple of weeks, but I had never taken the trouble to read it until multiple people who I regard highly sent it to me in what seemed like a coordinated torrent of forwards.

But after reading the 4,000-plus-word article and finding out that it predicted the current petrol-subsidy-removal mass excruciation Nigeria is suffering with almost mathematical exactitude, I became suspicious of its authenticity. It was too good to be true.

My incredulity compelled me to make inquiries, which led me to realize that the Nigerian Tribune had actually fact-checked the genuineness of the article on May 31, 2023. It not only found that it wasn’t fake but also scanned and uploaded a printed copy of the article published in The Nation, Tinubu’s paper.

I encourage everyone to read it. In the article, Tinubu derided the 2012 removal of petrol subsidies as the “Jonathan tax,” and the following paragraphs are particularly noteworthy for the mysterious precision of their prescience:

“Government claims the subsidy removal will create jobs…. The stronger truth is that it will destroy more jobs than it creates. For every job it creates in the capital intensive petroleum sector, it will terminate several jobs in the rest of the labor intensive economy.

“Subsidy removal will increase costs across the board. However, salaries will not increase. This means demand for goods will lessen as will sales volumes and overall economic activity. The removal will have a recessionary impact on the economy as a whole. While some will benefit from the removal, most will experience setback.

“What is doubtless is that the Jonathan tax will increase the price of petrol, transportation and most consumer items. With fuel prices increasing twofold or more, transportation costs will roughly double. Prices of food staples will increase between 25-50 percent….

“Most people’s incomes are low and stagnant. They have no way to augment revenue and little room to lower expenses for they know no luxuries; they are already tapped out. The only alternative they have is to fend as best they can, knowing they must somehow again subtract something from their already bare existence.

“There will be less food, less medicine, and less school across the land. More children will cry in hunger and more parents will cry at their children’s despair…. Poor and middle class consumers will spend the same amount to buy much less. The volume of economic activity will drop like a stone tossed from a high building. This means real levels of demand will sink.

“The middle class to which our small businessmen belong will find their profit margins squeezed because they will face higher costs and reduced sales volumes. These small firms employ vast numbers of Nigerians. They will be hard pressed to maintain current employment levels given the higher costs and lower revenues they will face.

“Because the middle class businessman will be pinched, those who depend on the businessmen for employment will be heavily pressed. States that earn significant revenue from internally generated funds will find their positions damaged. Internally generated revenue will decline because of the pressure on general economic activity. The Jonathan tax will push Nigeria toward an inflation-recession combination punch worse than the one that has Europe reeling.

“This tax has doomed Nigeria to extra hardship for years to come while the promised benefits of deregulation will never be substantially realized. People will starve and families crumble while federal officials praise themselves for ‘saving money.’ The purported savings amount to nothing more than an accounting entry on the government ledger board. They bear no indication of the real state of the economy or of the great harm done the people by this miserly step.”

Like I have done for years, Tinubu also fulminated against “European conservatives” whose economic prescriptions are at variance “with the needs of the Nigerian populace.”He even said something that is eerily close to what I wrote in a previous column. “There has been no nation on the face of the planet that has developed or achieved long-term prosperity by devotion to conservative, ultra-free market economic ideas that dominate this government,” he wrote.

“If no nation has grown using these conservative ideas,” he asked, why are we stuck with them? I have an answer, and it’s three-fold: sadly familiar Nigerian elite self-love, xenophilic obeisance to mean spirited racist wretches at the IMF/World Bank, and a visceral disdain and blithe unconcern for ordinary Nigerians.

Like Tinubu pointed out in 2012, the removal of petrol subsidies in 2023 merely took money from the so-called oil subsidy cabal and put it directly into the pockets of politicians without hurting the bottom line of the subsidy cabal. The cabal simply pushed the extra cost of importing petrol to consumers.

In the aftermath of the removal of subsidies, allocations to the three tiers of government rose by 29.05% in just six months. By the end of 2023, governments shared N15.1 trillion, which represented an increase of N3.4 trillion from 2022.

Note that, according to the Punch of September 22, 2023, N3 trillion was budgeted for petrol subsidies from June 2022 to June 2023 (although it was N1.57 trillion in 2021 and N1.27 trillion from January to May 2022, indicating obvious fraud). In other words, the money that would have been used to keep the pump price of petrol at less than N200 per liter was simply shared between the presidency, governors, ministers, and the rest.

State governors now receive several folds more money than their normal monthly allocations without a corresponding increase in their expenditures. Because they have way more naira than they have use for(of course, they don’t care about the masses), they convert the extra naira into dollars, which contributes to the relentless depreciation of the naira, according to the Business Day of February 13.

In other words, to put it even more crudely, the masses and the economy benefited more from the corruption of the subsidy cabal than from what has replaced it since May 2023. But, as I pointed out earlier, the subsidy cabal isn’t hurt in the least by this change. Apart from pushing the cost of importation to consumers, they are now receiving subsidies through the back door to keep the price of petrol from climbing to over N1,000 a liter, which the IMF is now instructing Tinubu to stop.

The only losers are ordinary Nigerians, small businesses, the informal economy, and the manufacturing sector. After Tinubu said subsidies were gone in May 2023, the GDP of the transportation sector contracted by 50.64% in the second quarter of 2023 and by 35% in the third quarter, according to the National Bureau of Statistics (NBS).

The road transport sector is the most reliable barometer to measure the health of commerce and of the informal economy in Nigeria. Petrol subsidy removal is killing it. A November 28, 2023, Business Day headline succinctly captures this: “Subsidy removal pushes transport industry into recession.”

My job as an inveterate opponent of subsidy withdrawal is made easier by the knowledge that Tinubu knows the truth. He knows for a fact that petrol subsidies are not a waste, especially if the corruption in the administration of subsidies is addressed. He knows that it’s an investment in the people and in the economy.

Petrol doesn’t just power the transportation sector, it’s also the main source of electricity generation for industries, small businesses, and the vast majority of our people. Given that Nigeria has the worst electricity generation record in West Africa (and possibly in Africa), it’s easy to see why a drastic rise in the cost of petrol activates an across-the-board cost-push inflation and deepens the misery index in the country.

Tinubu knows this but has chosen to care more for the validation of the sadistic bastards at the IMF and the World Bank than the comfort and wellbeing of his people.

There’s no doubt that it’s the IMF and its evil twin, the World Bank, that are ruling Nigeria. Tinubu’s government is just a proxy. For example, just two days after the IMF told Tinubu he must remove electricity subsidies (I had no clue such a thing existed given the unreliable electricity in Nigeria) Minister of Power Adebayo Adelabu announced that the government would withdraw electricity subsidies.

The same IMF has also instructed that the surreptitious subsidies the Tinubu administration is paying to stop petrol prices from getting to—or even rising above— N1,000 a liter must be stopped. Get ready for another bumpy ride, Nigerians. Until half the country drops dead from starvation, the IMF, which is the real government in Nigeria, won’t rest. I can guarantee you that.