City FM is inviting you to a scheduled Zoom meeting.

Programme: CITY TALKS WITH REUBEN ABATI

Time: 12:00pm

Guest: Oyerinde Adeniyi
(Strategist/Thinker/Trainer/Agripreneur)

Topic: "Food Insecurity"

Date: 10th February, 2024
                         
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Oyo State governor, Seyi Makinde, on Friday, signed into law the Oyo State Electricity Regulatory Commission Bill 2024.

The governor, who performed the signing ceremony at the Conference Room of the Governor’s Office, Secretariat, Agodi, Ibadan, said the signing was to give the state opportunity to develop its own roadmap to sustainable electricity.

The governor stated that with the decentralisation of electricity generation, transmission and distribution, it has become obvious that Nigerians can access dividends of democracy if federalism is practised as it should be and more powers are devolved to the states.

Makinde said: “As promised earlier in the week, we are signing the Oyo State Electricity Regulatory Commission Bill 2024 into law today. This law will enable Oyo State generate, transmit and distribute electricity within the State.

“Amendments of the constitution like these is what we mean when we advocate for fiscal federalism.

“In years to come as we work towards energy sufficiency, our people can hold state governments accountable on the issue of electricity supply.”

Presenting the bill, the deputy Speaker, Oyo State House of Assembly, Honourable Mohammed Fadeyi, said this is the first time that the state would come up with an independent electricity project.

Present at the signing of the bill were members of the executive, legislature and judiciary.

Ahead of the final match between Nigeria and Ivory Coast at the ongoing African Cup of Nations, a self-acclaimed prophet, Dr Kan Ebube Muonso of the Power and Victory in Christ Church has predicted that Ivory Coast will go home with the cup but in error.

In a post on his church’s Facebook page on Friday, Kan predicted that the error would be caused by the referee.

However, the self-acclaimed prophet said he would collect the cup from Ivory Coast and hand it over to Nigeria after his mountain program by the power of God.

According to him, Nigeria is the rightful team to go home with the cup.

“IVORY COAST VS NIGERIA.

“I saw Ivory Coast going home with the cup in error by ref/partial against Nigeria but Nigeria is the rightful team that is supposed to go home with the cup, but I will collect the cup from Ivory Coast to Nigeria by the power of God after my mountain program which will commence tomorrow.

“In my next post after mountain, you will know that there is power in God.

“Operation show your power. My God will prove himself again,” the post read.

The Corporate Affairs Commission (CAC) in Abuja unveiled the registration of two million businesses as part of efforts to curb rising unemployment and achieve the 50 million job creation target for Nigerian youths.

The Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji SAN, at a ground-breaking ceremony in Abuja, said the registration was part of efforts to simplify the burden for young Nigerians who want to contribute meaningfully to the Nigerian economy.

“The registration of the new business was part of the CAC’s contribution to the realisation of the present administration’s economic revival plan in collaboration with moniepoint to develop the MSMEs sector, in line with the current administration target of 50 million jobs,” he said.

He said the president has youth employment as priority and the first step is to ensure that those willing to engage in different ventures donot encounter hurdles because when they start their enterprises, they will also be employers of labour.

Moniepoint Executive DirectorBabatunde Olofin stated their readiness to actualize the project in line with the present administration’s economic revival agenda, adding that the financial services provider has recognized that crimes and other vices can only be reduced if youths are meaningfully engaged.

In her brief remarks, the Minister of Industry, Trade, and Investment, Dr. Doris Nkiruka Uzoka-Anite, described the event as a landmark achievement through the use of information technology to catalyse the economy.

[NaijaNews]

The highly anticipated friendly match between the Super Eagles of Nigeria and Argentina has been officially cancelled.

The cancellation comes in the wake of controversy surrounding Argentine football superstar, Lionel Messi‘s absence from a recent exhibition match in Hong Kong.

Messi, who currently plays for Inter Miami, was expected to be the main draw for a match against a Hong Kong XI.

However, the Argentine captain did not participate, leading to widespread disappointment and frustration among fans.

This incident has had a domino effect, influencing the decision to call off the upcoming friendly between Argentina and Nigeria, which was set to take place in Hangzhou, China, in March.

The situation escalated when Messi, despite missing the Hong Kong match due to injury, appeared in a game in Japan just days later.

In response to the outcry, organizers of the Hong Kong event offered a 50% refund to ticket holders, acknowledging the fans’ dissatisfaction with Messi’s absence.

The fallout from the incident has led sports authorities in Hangzhou to announce the cancellation of the friendly match.

In a statement, Hangzhou authorities, said, “As a commercial event, a company and the Argentinian soccer team negotiated that the team would play a friendly match in March this year in the city of Hangzhou.

“In view of the current well-known reasons, according to the competent authorities, conditions to hold the friendly match are not mature, therefore (we) have decided to cancel it.”

[NaijaNews]

Socio-Economic Rights and Accountability Project (SERAP) has threatened to take legal action against the federal government over plans to regulate social media.

Naija News reported earlier that President Bola Tinubu declared that social media must be regulated because it has become a societal menace.

The President, who spoke through his Chief of Staff, Femi Gbajabiamila, said this at a book launch in Lagos State on Thursday, February 8, 2024.

President Tinubu also berated the menace of social media in disseminating fake and wrong information, which has almost torn the country apart and caused violence in some states.

The Nigerian leader stressed the need to regularize the framework of news dissemination on social media to avoid misinformation in the country.

He emphasized the importance of data in policy formulation for the growth of the country, stating that no developing country can succeed without adequate and well-informed data.

Reacting, however, SERAP, in a statement issued on Friday via its official handle on X, said the government’s intention is odd with the country’s constitution and international human rights standards.

It said: “The threat by the Tinubu administration to regulate social media is at odds with the Nigerian Constitution and international human rights standards. We’ll take legal action if the administration carries out its threat to restrict Nigerians’ rights on social media.”

This report presents the biggest headlines of the week.

Nigerians hope to swap Grammys for AFCON; protests hit Kogi, Niger, Rivers as Nigerians lament high cost of living; states get N3.3tn allocations even as Nigerians, including Labour leaders,  urged state governors to justify increased allocations by addressing the increasing hardship among the masses.

Here are the highlights of the week’s biggest news stories, from February 4 to February 10, 2024.

• Grammy 1 Nigeria 0

On Sunday night, the 66th Annual Grammy Awards were held in  Los Angeles, United States, to kick off the week. A record number of Nigerians were represented at the Grammys, with Davido, Burna Boy, Ayra Starr, Asake, and Olamide nominated, thanks to the Best African Performance category.

But on Monday morning, it was all about how they returned home empty-handed. Their fans took to the internet to lament the losses.

South Africa’s Tyla won the inaugural Grammy Award for Best African Music Performance with her single ‘Water’, edging out Nigerian stars.

Interestingly, because Nigeria would play against South Africa on Wednesday in the AFCON semi-finals in Ivory Coast for a chance to make it to the final, netizens challenged the Super Eagles to avenge the Grammy loss to Tyla by beating the Bafana Bafana of South Africa. This led to a tense semi-finals fixture that kept Africans at the edge of their seats.

• AFCON: Grammy avenged

After a fierce 90 minutes of play, the Nigerian national team, the Super Eagles, were tied 1-1 and forced into an additional 30 minutes of extra time. It all came down to a penalty shootout, which Nigeria won 4-2. The Grammy loss had been avenged and Nigerians had a field day on the internet taunting South Africa with Tyla’s ‘Water’. Nigerians also claimed that ‘Amapiano,’ a music genre that has its roots in South Africa, now belongs to Nigeria. Several celebrities joined the internet banter.

Kelechi Iheanacho scored the decisive kick that secured Nigeria’s spot in the final. But one hero reigns supreme…

• Nwabali steals the show

The Super Eagles goalkeeper, Stanley Nwabali, clinched the Man of the Match award after saving two penalties in the shootout.

With several clean sheets and remarkable saves, Nwabali is poised to secure the tournament’s Golden Glove award. In the tournament, Nwabali kept a tally of four straight clean sheets, which helped him break the clean sheet record held by Alloy Agu and equal Best Ogedegbe’s 44-year-old record.

In addition to his clean sheets, Nwabali has made numerous crucial saves at critical moments in matches. Fans praised his crucial saves, hailing him as Nigeria’s key to winning the tournament.

The final against Ivory Coast will be played on Sunday (tomorrow), 9 pm Nigerian time.

• AFCON heartbreak

In what can only be described as a bitter victory, PUNCH Online reported five  deaths after the AFCON victory, with many reportedly dying during the  penalty shootout. The individuals who lost their lives include a stalwart of the All Progressives Congress, Dr Cairo Ojougboh; the Deputy Bursar of Kwara State University, Alhaji Ayuba Abdullahi; a sales representative named Mikhail Osundiji; a National Youth Service Corps member identified as Samuel; and an Anambra-born businessman based in Cote d’Ivoire, Osondu Nwoye.

Many experts have cautioned Nigerians, especially those with pre-existing health conditions, to avoid excessive emotional stress during such events. Some have even warned wives to keep their hypertensive husbands away from the AFCON final on Sunday

• His Excellency returns

President Bola Tinubu returned to Nigeria after a two-week private visit to Paris, France. The President came back at a time when protests were erupting in parts of the country over rising food and living costs, with angry youths and women taking to the streets.

Tinubu directed immediate interventions to address the situation, while discussions are ongoing to increase food supply and reduce prices in collaboration with millers and commodity traders.

After a series of meetings, more than 102,000 metric tons of various grain types from the National Food Reserve and the Rice Millers Association of Nigeria were released to address the food crisis. The Minister of Information and National Orientation, Mohammed Idris, announced to State House correspondents the release of 42,000 metric tons of maize, millet, garri, and other commodities from the strategic reserve.

Additionally, discussions with the Rice Millers Association led to a commitment of 60,000 metric tons of rice. The government said it is prepared to import commodities if necessary and is ready to take punitive measures against food hoarders to ensure food security for Nigerians.

• Cries across the nation

Protests erupted in various parts of Nigeria, including Port Harcourt in Rivers State, Kano, and Niger State, over the rising cost of living, food prices, and poor power supply. In Port Harcourt, scores of married women protested outside the office of the Port Harcourt Electricity Distribution Company due to prolonged blackouts, which they said affected their personal lives, including marital relations.

Some of the placards carried by the Rivers women read, “‘We lack romance with our husbands’ and ‘Our husbands no longer touch us at night’.”

Similarly, in Kano, angry youths and women took to the streets to voice their grievances over the economic challenges facing the country and the high prices of food items. Meanwhile, in Niger State, residents protested against the high cost of living, demanding government intervention.

• Alcoholic backlash

Another wave of protests followed the ban imposed by the National Agency for Food and Drug Administration and Control on the production of alcoholic beverages in sachets and small bottles. A coalition of civil society groups protested at the National Assembly. The Food Beverage and Tobacco Senior Staff Association and the National Union of Food Beverages and Tobacco Employees rejected the plan, citing potential job losses for over 500,000 workers.

The House of Representatives has directed its committee on NAFDAC to investigate the circumstances surrounding the ban on the production of beverages in sachets and small bottles by the agency.

• States allocation

Allocations from the Federal Account Allocation Committee to 36 states and 774 local governments from July to December 2023, increased to N3.34tn, a 19.5% increase from the previous half-year according to figures obtained from the National Bureau of Statistics earlier in the week.

The bulk of the revenue shared at FAAC meetings comes from oil exports, taxes, and other statutory allocations, with the Federal Government receiving 52.68%, states 26.72%, and local governments 20.60%.

Despite increased allocations, some governors have faced criticism for failing to alleviate the impact of fuel subsidy removal, with complaints about poor infrastructure, rising kidnappings, and insecurity.

Labour leaders and Nigerians have urged state governors to justify the increased allocations by addressing the hardships faced by the masses.

[Punch]

Sunday 4th February was as usual, a miserable, depressed and wretched day for His Excellency, Chief James Onanefe Ibori. But this year’s 4th of February was a particularly gloomy one; it marked the 20th year of that murder most foul, the assassination of Chief Aminasoari Kala (A.K) Dikibo.

For the past twenty years Ibori has tried all in his power to remind Nigerians of Dikibo, who was the Deputy National Chairman, South-South geopolitical zone, of the Peoples Democratic Party (PDP) when he was assassinated in broad daylight on a Nigerian motor road. Year in, year out, Ibori has had full page newspaper advertisements published in memory of Dikibo.

That he has been the only Nigerian, among the numerous movers and shakers of the Nigerian political class who remembers Dikibo does not appear to bother him. That his efforts have not moved the Nigeria Police Force or the Department of State Security (DSS) to appear to be still interested in solving that murder, does not in any way bother Ibori. He appears to be doing what he has taken to be his personal duty; as though living the saying – “if you can’t change the world for the better, don’t let the world change you”.

Dikibo was lion-hearted. He was a politician with strong convictions.

He was not a double-crossing weasel that would change positions like the weather vane. He often stood his ground like a high tower – there for all to see. Yes, he was the veritable Dede Ukwu – the Big Brother, as he was called in his Okirika locality of Rivers state where he was the Chief of a well-respected Canoe War House.

And Ibori continues to mourn him because Dikibo fully identified with Ibori’s project of trying to unite the South-South politicians so that the could speak with one voice in matters concerning that geopolitical zone. Also, Dikibo was working in the service of that cause when assassins cut him down.

An audacious and forward-looking Ibori had convened a summit of South-South politicians in Asaba, the Delta state capital for the first weekend in the February of 2004 – exactly 20 years ago. Burning in Ibori’s mind was a flint hard idea, novel and bold; that the South-South should begin to work towards having a son or daughter as the occupant of the choicest piece of real estate in Nigeria; the Aso Rock presidential residence. 

As the PDP had zoned the presidency to the North after Chief Olusegun Obasanjo’s 2003 – 2007 second term, it meant that the push was actually to ensnare the vice-presidential position for the South-South in 2007. Then the Vice-President would ease into the main presidential office afterwards. And that was exactly what happened – as President Goodluck Jonathan became Vice President to the late President Umaru Yar’Adua, a friend Ibori remembers and publishes a memorial advertisement for on his death day, annually. Also, the summit was to discuss how to work to have the amount of oil revenue accruing to the oil producing states increased. But the story jumps!

Dikibo, in line with the PDP zoning formula, was already campaigning to be the party National Chairman, which meant that the next President, come 2007, would come from the North. For some reasons, some highly placed politicians in Abuja opposed that Asaba summit. And it is on record that some of their South -South lackeys by then, supported Abuja. Not only that, a particular Governor had asked all invitees from his state to keep away from Ibori and his Asaba summit. Yes, a state Governor had requested Dikibo to stay away from that meeting. But the South-South champion, Dikibo, disdaining that stay away call, was well on his way to the summit when some people ensured he was unable to disobey that Governor’s orders. He had flown into Port Harcourt, the Rivers State capital, hopped into a car to make it to Asaba by road. His trip ended around Isiagwu village, close to Ogwashi-Uku, Aniocha South LGA, Delta state.

He was killed execution style from close range. A gun was poked under the right hand side of his jaw. As the trigger was pulled and the shot rang out, the bullet escaped from the roof of the Jeep, splattering Dikibo’s brain everywhere.  The assassins killed more than Dikibo that day; they killed the last real push of the peoples of the Niger Delta region to peacefully speak with one voice in seeking for increased monies that accrue to the area as a percentage of the oil royalty.

A day or two after Dikibo was assassinated, Obasanjo announced in Lagos that Dikibo was felled by armed robbers. That may have been the case…but the man was shot execution style; the bullet entered from beneath the right hand side of his jaw, escaped from his head and hit the roof of his car. It is curious how armed robbers could have so shot a man who refused to stop for them on the highway. They should have shot straight and hit his face.

In a letter  to Obasanjo, Dr. Orji Uzor Kalu, now a Senator, recalled: “I am further worried because the late A.K. Dikibo complained to Governor DSP Alamieyeseigha of Bayelsa State and myself at the Port Harcourt Airport three days before his brutal assassination that some powerful persons in the Presidency and a governor from one of the South- South states of the country were planning to kill him. Though he looked ruffled and agitated, we never knew his death was imminent”. Kalu wrote to inform him that some people were also after his own life. No wonder Audu Ogbeh, when he was PDP National Chairman wrote to Obasanjo that a nest of killers existed in the polity.

Unfortunately, Nigeria appears determined to deny Dikibo and his family justice. No matter; Ibori continues to mourn that courageous man, a true lion, the Dede Ukwu, the Aminisabo of Okirika, Rivers state.

The biting hunger and unnaturally rising price spiral in Nigeria instigated primarily by the removal of petrol subsidies and the floating of the naira are threatening to spark off seismic social vibrations across the country. 

The spontaneous, hunger-induced eruption of seething communal anger in Minna over hunger in the land a few days ago, which inspired a massive protest by market women in Lokoja and smaller but nonetheless consequential protests by distraught citizens in Suleja, Kano, Osogbo—and counting— is a warning sign. 

President Bola Ahmed Tinubu’s swift order for the release of “102,000 metric tons of various grain types from the National Food Reserve and the Rice Millers Association of Nigeria” to bring down the cost of food in the aftermath of these strings of protests suggests that he is aware of the danger that lies in the offing for him. 

Had the current president been Muhammadu Buhari and not Bola Ahmed Tinubu, chances are that the worst that would happen amid the adversity people are going through now would be suppressed, barely audible murmurs. It’s because Buhari is a political cult leader with a firm grip on his followers who worship him and surrender responsibility for their lives over to him. Tinubu has no such appeal.

A psychologist by the name of Steve Taylor came up with a concept he called “abdication syndrome,” which he said disposes people to invest total, child-like trust in a political figure, a cult leader, an opinion molder, etc. in ways that mimic how children idealize and idolize their parents as unblemished paragons of perfection. 

According to Taylor, “abdication syndrome stems from the unconscious desire of some people to return to a state of early childhood, when their parents were infallible, omnipotent figures who controlled their lives and protected them from the world. They’re trying to rekindle that childhood state of unconditional devotion and irresponsibility.”

Buhari is lucky to benefit from abdication syndrome in Muslim northern Nigeria, broadly conceived, which explains why he got away with murder for eight years. When he increased petrol prices by a steep margin in 2016, for instance, there were protests in Kano, Bauchi, and other places in SUPPORT of the increase and AGAINST people who planned to protest the increase. Nigeria had never seen anything like that before.

Even protests against the unabating descent of northern Nigeria into a theater of bloodshed and abduction on Buhari’s watch provoked counter protests from people who have abdicated the use of their brains in the service of Buhari.

Tinubu not only does not have the benefit of abdication syndrome anywhere in Nigeria, but he also has the misfortune of having to contend with a peculiar character of Muslim northern Nigeria: we feel the pain of, and react violently to, bad policies only when the policies are hatched and executed by people who have no filiation with our natal region.

It’s no surprise that the hunger protests against the Tinubu administration started from and spread in the North.

A powerful indication of Tinubu’s lack of firm emotional support base emerged when Osun, his state of birth where he lost the last presidential election to PDP’s Atiku Abubakar, became the first southern state to join the hunger protests. Should the resistance to his punishingly heartless neoliberal economic policies ignite a nationwide convulsion, the Southwest is unlikely to constitute itself as his bulwark.

In fact, I hazard a guess that should Tinubu’s unfeeling policies activate the sort of destabilizing national upheaval that we saw in 2012 during Goodluck Jonathan’s administration, the Southwest won’t be aloof. It is likely to join in.

And, of course, Tinubu is deeply unpopular in the Southeast, the South-south, and Christian northern Nigeria. In other words, Tinubu is essentially floundering into the most treacherous of social quicksands.

His only fortification against danger is not just good governance but compassionate governance. The release of thousands of metric tons of grains is a good first step, but it’s not nearly enough to stem the tide of mass rebellion that is brewing in the country. At best, it will only delay the inevitable.

The truth is that Nigeria can’t survive a total withdrawal of petroleum subsidies without an adequate, systematic, well-planned public transportation system. To do away with petrol subsidies, the government must first create conditions where car ownership and patronage of commercial transportation are a luxury.

Let’s take Canada as an example. Although Canada is an oil-producing country, it doesn’t subsidize the petrol consumption of its citizens. And it’s precisely because it has great public transportation that meets the transportational needs of its people.

 I met a Canadian here in Atlanta last year who, like most Canadians, doesn’t know how to drive because government-subsidized public transportation is the primary means of moving from point to point. Car ownership is a luxury, and people who choose to shun public transportation deserve the high price they pay for petrol to fuel their cars.

It’s the same situation in most of Europe. The availability of government subsidized public transportation insulates citizens from the effects of high petrol prices and obviates the need for petrol subsidies.

It is not so in the United States. Here, as I pointed out in many past columns, petrol is subsidized because most Americans have their own cars and resent public transportation except in such big cities as New York.

Without first building an efficient, government-subsidized public transportation infrastructure within cities and towns and between cities, towns and states, removing petrol subsidies will always result in the kind of mass affliction that Nigerians are going through now. 

That is why countries like Kazakhstan, Ecuador, Bolivia, Indonesia, and Brazil, which the World Bank and the IMF had forced to remove petrol subsidies, have backtracked and re-instituted subsidies. That is inevitable in Nigeria if the government wants to survive. 

Is Olayemi Cardoso Nigeria’s Worst CBN Governor?

I know awfully little about current CBN governor Olayemi Cardoso. I’d just assumed that to deserve being appointed the governor of the CBN, he must at least be minimally competent and conversant with economic policies.

But he is shaping up to be the most inept and least intellectually prepared for his job. It isn’t just that he is supervising the free fall of the naira through inconsistent policies, he also doesn’t seem to be able to explain to anyone what exactly he is doing, indicating he doesn’t know what he is doing.

On Friday, I watched Cardoso’s meeting with the senate where he couldn’t answer questions from senators without reading from a prepared script. "I object to this!” a senator yelled in response to Cardoso’s lifeless regurgitation of a prepared speech he obviously didn’t understand. “Let him go back and answer the question!"

Anyone who can’t respond to a question without reading a prepared text obviously has no understanding of what he is talking about. Albert Einstein famously said, “if you can't explain it simply then you don't understand it well enough." Cardoso’s case is even worse. He can’t explain it at all. It explains why the economy is in a mess and the naira is in a worse shape than it has ever been.

Cardoso’s most important qualification for the job appears to be that he was Economic Planning and Budget commissioner in Lagos when Tinubu was governor, but the job seems to be above his intellectual and experiential paygrade.

I know of no CBN governor in my lifetime (until Cardoso) who couldn’t articulate economic policies effortlessly. Even Godwin Emefiele had no difficulty defending his policies. You may question his competence or disagree with his policies, but he could at least clearly formulate thoughts about what he was doing. Cardoso gives me the jitters. Nigeria is in way worse trouble than it realizes with an airhead like that as CBN governor.

The Presidency has called for an investigation into the civil service framework.

This, according to the Presidency, is to eliminate individuals it refers to as “moles” who are loyal to the main opposition, the PDP.

The moles are allegedly responsible for the unauthorized disclosure of classified documents.

Recall that an internal memo was recently leaked, indicating that President Tinubu allegedly sanctioned the disbursement of N500m from a total of N1bn to the Secretary to the Government of the Federation, Senator George Akume.

The allocated funds were intended for the inauguration of a 37-member Tripartite Committee responsible for discussing the New National Minimum Wage.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, emphasized the need for the Federal Government to take decisive action in identifying and removing individuals who are leaking classified documents and are believed to have allegiance to the opposition.

”This step is crucial in ensuring the security and maintenance of sensitive information,” he said.

Onanuga said, “What is worrisome is, how come a memo written by SGF to the President bearing the President’s signature leaked out? It means that there are some fifth columnists within the government.

“It’s not the first time a memo will leak. There was a memo leak when the President went to UNGA, about a request for money to pay for his hotel bills and you wonder where it is leaking from.

“There are so many moles around who are probably doing the bidding of the opposition. They do not respect the civil service rule for handling official secrets. And it shows that the government should look inwards to probe how memos between officials are getting into the public space. Memos that are supposed to be secret are not supposed to be flying all over the place.”