Imo State Governor, Hope Uzodinma, has said that the ruling All Progressives Congress (APC) has done well in Nigeria, and that the current economic challenges in the country is what is being experienced globally.

Naija News reports that the Chairman of the Progressive Governors’ Forum (PGF) stated this when he led governors elected on the platform of the APC on a visit to the Abdullahi Ganduje’s led National Working Committee (NWC) of the ruling party in Abuja.

“The truth of the matter is that the APC has done very well in Nigeria. What is happening currently, is a global economic problem. We in Nigeria, under our own leadership, President Bola Tinubu is also bringing out policies to ensure, given the kind of economy he met, given the kind of situation he saw when he came, he has started the treatment and by the grace of God, I am very confident that very soon Nigerians will be jubilant about how he has managed to navigate the waters”, said Uzodinma in Abuja.

Speaking on other matters, Uzodinma, who said he has at the party’s National Secretariat to touch base with its leadership, boasted that APC will win the forthcoming Governorship election in Edo state as well as retain Ondo state.

Addressing the Ganduje-led NWC, he said: “We are here, you know, of course, we are governors of APC. APC produced us, and we are in Abuja for a meeting; of course, in obedience to the concept of party loyalty, we have to visit the Secretariat to touch with the leadership of the party, chairman and members of the National Working Committee and above all, commiserate with the chairman who also lost his mother-in-law; and also show solidarity with the chairman and managers of our party.

“Those who are serving us, the national leadership of our party, providing service, they are managing our party day to day, they are looking after the policies of the party, they are in charge of the administration of the party, and of course, we members of the party and also critical stakeholders are committed to following and encouraging them as a way of showing support, and that is solidarity.

“Of course you know, I am the chairman of the Progressive Governors Forum PGF and when I speak, I speak on behalf of my colleagues, 20 governors. A party like APC, which is in control of 20 states out of 36 and also has produced a President and members of the Federal Executive Council, is the majority party, and if an election is a game of numbers, it means the majority will win.

“On the 20th of this month, the National Campaign Council will be inaugurated in Edo State, and it is expected that most of us, members of the Progressives Governors Forum, will be in attendance. Which other party can provide or boast of such an asset, politically speaking? So, we don’t need to overflog the horse.”

Naija News reports that Uzodinma was in company of the Cross River Governor, Bassey Otu; Ondo State Governor, Lucky Aiyedatiwa and their Ekiti State counterpart, Abiodun Oyebanji.

On his part, Ganduje, on behalf of the NWC, passed a vote of confidence on the APC governors, assuring that their interests are well protected by the national leadership.

The former Governor of Kano State urged the party chieftains to continue to make APC proud.

Ganduje stressed that the party leadership will continue to maintain a cordial relationship with the governors.

He said: “There is no doubt, we were highly when I got the information that they were coming. So, I think it is a blessing, a big blessing to us. We are so happy about it and we have confidence in them.

“We will do all it takes to ensure that we maintain good relationship with our governors all over the country and we will help to protect their interests and there is no doubt that they are also assisting the party, they are making the party to be proud as an institution.”

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have called on President Bola Tinubu to launch a high-level investigation into allegations that International Oil Companies (IOCs) are attempting to undermine and destabilize the Dangote Refinery and Petrochemicals.

In a letter dated July 1, 2024, addressed to the President via his Chief of Staff, Femi Gbajabiamila, the unions demanded that the findings of such an investigation be made public to ensure transparency and maintain public trust.

Signed by NUPENG General Secretary, Afolabi Olawale and PENGASSAN General Secretary, Lumumba Okugbawa, the letter stated, “The leadership and members of our unions deeply appreciate your commitment to restoring economic growth and prosperity in our nation. We are fully mobilized and committed to supporting all your initiatives toward these goals.

“However, we are deeply concerned and shocked by allegations from the Dangote Refinery and Petrochemicals Company about a deliberate plot by some IOCs to frustrate their business efforts and continued existence.

“These alleged sabotaging actions include denying the refinery crude oil supply and artificially inflating crude oil market prices, forcing Dangote Refinery to source crude oil from other countries, including the United States, resulting in high operating costs and logistics.

“The Dangote Refinery is a critical national asset and a beacon of hope for our energy security, economic growth, and employment opportunities. The economic benefits of a local refinery with such capacity cannot be overstated.

“For decades, NUPENG and PENGASSAN have campaigned for Nigeria to require companies benefiting from Joint Venture (JVC) arrangements to establish refineries or petrochemical companies in Nigeria. Unfortunately, successive governments have lacked the political and patriotic courage to adopt this pragmatic policy.

“The survival of companies that have invested heavily in refining crude oil in Nigeria, thus saving the nation from wasteful product imports that profit other countries and cost us foreign exchange, should be of great national interest due to the enormous economic benefits involved.”

The unions outlined their demands as follows:

1. Immediate Investigation: The Federal Government should establish an independent panel to investigate the claims of sabotage by some IOCs. This investigation should be comprehensive and transparent, ensuring that all parties involved are held accountable.

2. Public Disclosure: The findings of this investigation must be made public to ensure transparency and maintain public trust. Nigerians deserve to know the truth about the actions of these IOCs and their impact on national interests.

3. Legal Action: Should the allegations be substantiated, the government should take decisive legal action against the entities involved, including sanctions, penalties, and other measures to deter future economic sabotage.

4. Support for Dangote Refinery: The government should provide all necessary support to ensure the uninterrupted commencement and operation of the Dangote Refinery, including security and stability around its operations.

“Your Excellency, we trust in your courage and unwavering commitment to the Nigerian project and believe that the Presidency will take decisive action to safeguard the Dangote Refinery and ensure its successful operation for the nation’s benefit. Protecting our national assets is our collective responsibility. Thank you for your attention to this matter,” the letter concluded.

Justice Kehinde Ogundare of the Federal High Court in Lagos has ordered the final forfeiture of $16.5 million and ₦127 million, which were illicitly diverted from the Nigerian Maritime Administration and Safety Agency (NIMASA) to the federal government.

This order was granted following an application by the Economic and Financial Crimes Commission (EFCC) lawyer, Sulaiman I. Sulaiman. The EFCC stated that the funds were proceeds of unlawful activities.

Previously, on May 23, 2024, Justice Ogundare had issued an interim forfeiture order for the funds. This decision was made upon an Exparte motion under the Advance Fee Fraud and other Fraud Related Offences Act and the Nigerian Constitution. The court directed the EFCC to publicize the interim order, which was done on June 6, 2024.

During the final forfeiture hearing, EFCC counsel Suleiman confirmed compliance with the court’s directive to publicize the interim order. The EFCC’s submission included the interim court order and the publication in The Punch newspaper.

Justice Ogundare, after reviewing the submissions, granted the final forfeiture as requested by the EFCC.

The EFCC’s investigation revealed that the funds were initially requested by NIMASA in 2013 for security projects. However, a significant portion of the funds was fraudulently diverted by individuals using various companies. These funds were converted to dollars and used for personal purposes without rendering any service to NIMASA.

The investigation led to the recovery of $16,500 in cash and the agreement by Uche Obilor, one of the key figures involved, to return ₦118 million through drafts made to the EFCC.

Despite the court’s directive for interested parties to come forward, no one contested the forfeiture. Consequently, the court proceeded with the final forfeiture, deeming it in the interest of justice.

The EFCC emphasized that the funds are reasonably suspected to be proceeds of unlawful activities and affirmed the court’s authority to order their forfeiture.

A chieftain of the Peoples Democratic Party (PDP), Bode George, has called out President Bola Tinubu over the worsening economic conditions in Nigeria.

According to George, despite all the promises and theoretical declarations from the government about cushioning the effect of the harsh economic conditions on Nigerians, the people are not feeling any respite.

He added that from the richest to the poorest, no one is left out in the challenges being encountered as a result of the policies of the Tinubu government, which include fuel subsidy removal and floating of the naira.

The PDP chieftain, who spoke on Monday about the economy during an appearance on Channels Television, submitted that the people need to see results and not just talks and promises, but the economic policies of the Tinubu government look like they will take centuries to bear fruit.

The former military Governor of Ondo State charged President Tinubu to invite the leaders of the top banks in Nigeria, whom he accused of mismanaging the economy, to account for their actions instead of appointing them to manage the same economy or give advice on the same economy they destroyed.

George emphasized that the one-year grace given to President Tinubu to understudy the situation of things in the country is over, and what is expected from him going forward is only results.

See the video.

This year, 2024 is clearly the year of democratic elections, the. year that democracy is put to the test in virtually every continent of the world – at least 97 elections worldwide and so far, we have witnessed and reported some of the significant ones - India, the world’s most populous country which ran an election for 44 days, with over one million voters, Indonesia, Israel, Kuwait, Mexico, Russia, Iran, European Parliament, Brazil, Pakistan, Bangladesh, France, Britain, and here in Africa, we have Senegal, South Africa, Togo, Tunisia, Rwanda, Ghana, Guinea Bissau, Mauritius, Mauritania, Namibia; in the Americas - Jamaica, Dominican Republic, Brazil, Belize, Canada, Chile, Costa Rica, Venezuela, Uruguay, United States. We also have - Finland, South Korea, Thailand, Austria, Cyprus, Czech Republic, Turkey, Poland, Belgium, Georgia, Hungary, Finland, Italy, Iceland, Moldova, North Macedonia, Poland, Portugal, Tuvalu, Solomon Islands, and so on and so forth. 

Nigeria held its own general elections in 2023, producing President Bola Tinubu as winner. For reasons owing to consanguinity or proximity, or shared historical affinity, or simply comparison, Nigerians have found themselves having to compare their own experience of democratic rule – 25 years of unbroken democratic rule since 1999 and the general elections in Nigeria in 2023. Most of the comparisons to put the matter in context, are with Senegal, South Africa, and now Britain, where a new Prime Minister, Labour party leader, Sir Keir Starmer has assumed office and power, and the Conservatives have packed out of Downing Street.  The reference to Britain is understandable: Britain used to be Nigeria’s colonial master, Everything Nigerian is linked to Britain, our common law heritage, history, culture, including the artefacts that the British stole from our people. 

For more than two centuries, Nigeria and Britain have been linked almost umbilically. There is hardly any family or community in Nigeria that does not have any relative, immediate or distant, in the United Kingdom. In the just concluded election in the UK, there was even a Yoruba Political Party, with a Dr. Olusola Oni running for MP from Peckham on July 4. A total of 30 persons of Nigerian descent who may identify as British-Nigerian made a bid to be in the British parliament. In the end about six of them won election into parliament including Chi Onwurah (Labour MP for Newcastle Central and West), Kemi Badenoch (re- elected as Conservative MP from Saffron Walden and the past  immediate Business Secretary), Kate Osamor (Labour MP from Edmonton and Winchmore Hill since  2019, now re-elected); Florence Eshalomi (Labour MP since 2019, now representing Vauxhall and Camberwell Green, Taiwo Owatemi (Labour MP from Coventry West), and Bayo Alaba (MP, Southend East and Rochford). These Nigerians in Diaspora are not alone, there are many others serving as Councillors, or Mayors, not just in Britain, but across Europe and as far as Canada, the United States and Australia. Those who are not in politics, are doing well in sports or business and other professions, all linked to their motherland by blood and ancestry, and legitimately, we are proud of them. What is proven is that “Nigeria no dey carry last” and the ones who project us brilliantly like Bukayo Saka and Kemi Badenoch deserve to be celebrated, for showing that although Nigerians these days talk about the “Japa syndrome”, the Nigerian DNA has excellence in its imprints. 

However, the temptation to review the British election, and compare it has been strong and compelling. Whereas it can be said that the British democracy is one of the oldest in the world dating back to the Magna Carta, in 1215, the creation of the British Parliament in 1707, the Reform Act of 1832, the Representation of the People Act of 1918, and the UK General Election of 1950 pointing to a long history and tradition, with tested institutions, democracy in Nigeria has been relatively new, but the key argument about the government of the people for the people and by the people is that democracy is a symbol, a standard and a system of politics which does not require a reinvention of the wheel. Democracy in modern times is certainly not about the Age of Methuselah, but the values that each country presents as its own standards. This therefore explains some of the observations that Nigerians have made, by way of public education, and self-derision perhaps, about the 2024 UK elections.  The July 4 general elections in the UK has been two years in the making with people predicting that the way the Conservatives were carrying on, they were bound to lose the next general elections to Labour, even if no one could predict the exact date until some gamblers around the Rishi Sunak circle and the Conservative party were found to have placed bets on July 4, and as it turned out former Prime Minister Rishi Sunak announced July 4. The furore over the gambling over the date spoke to the moral content of British politics. In the course of the campaigns, the debate was about issues that are of interest to the British people: immigration, taxation, housing, public spending, NHS, Brexit and the EU. The character of the front-runners was clear. Starmer is pro-business, pro-reforms, pro-EU. He promised to drive economic growth, invest in green energy, overhaul the NHS, create safer streets, and deliver opportunity through a new skills agenda. The Tories had been in power for 14 years, with five Prime Ministers – David Cameron (2010 – 2016), Theresa May (2016 – 2019), Boris Johnson (2019 – 2022), Rishi Sunak (2022- 2024) with the most disastrous of them being Liz Truss who was PM for a historically short period of 49 days. The Tories presided over austerity, Brexit, the pandemic and high inflation. The people got tired of them and this was reflected in the various Polls – YouGov and Ipsos ahead of July 4, indicating that the British people wanted change. They were tired of the chaos that the Conservatives had introduced into public life.  The party itself was divided down the middle with many key members defecting either to Labour or to Nigel Farage’s Reform UK. It was certain that the Conservatives were on their way out, and that was exactly what happened, the party’s worst result in its 190-year history was announced on July 5. It wasn’t exactly a wipe out, but the scale of the landslide that the Labour party recorded was their best performance since Tony Blair entered Downing Street in 1997, and the Tory’s worst performance in recent history.

The character of the election race and the outcome is remarkably different from what we have seen in Nigeria and what obtains in the United States which goes to the polls on November 5. The UK election was for six weeks. There was no time to waste. In the United States, the race can take up to two years of campaign. In Nigeria, so much time is taken up by the time table of the Independent National Electoral Commission (INEC), voter registration, voters register, delineation of wards and polling unit. In the UK, nobody heard of the Chairman of the Electoral Commission and there was no debate over polling units or wards. The British did not have to borrow and sell property to raise funds for political campaigns. Political advertising on radio and TV is restricted, and the spending limits on advertisement are strictly controlled. The American election is a bit more elaborate and expensive, but not the British.  Even at the height of the campaign in the UK, with Rishi Sunak being pushed by his allies to launch personal attacks on Keir Starmer and Nigel Farage, still there were no absurd diversions into personality attacks, insults and culture wars. If Rishi Sunak had been a candidate in a Nigerian election, he would have been told stories about how he came to England and how he is able to make it in life because he is married to a rich man’s daughter! There were no professional spokespersons fighting proxy wars in the media and claiming to know everything about almost everything. The British do not do God. There were no clerics offering predictions about who the eventual winner would be. The candidates were not going about proclaiming “God bless Britain”. There was no attempt to bribe God. 

In Nigeria, election time is boon season for clerics who distort the process with all kinds of dreams and visions, and shamanists who perform rituals and place sacrificial offerings at crossroads. Age was not an issue in the UK either. Sunak is 44. Starmer is 61. Age is a big issue in the forthcoming US elections but in the UK, the youngest candidate and elected Labour MP from Northwest Cambridgeshire is a certain Sam Carling, a 22-year-old Science graduate of Cambridge University – the first MP in British history to be born in the 21^st Century. He defeated Shailesh Vara with 39 votes. Vara had been in the Commons since 2005. Carling is now “Baby of the House” but the very confident Carling says his age is not an issue- he had been a Councillor before now and he knows his example will inspire other young people, but he wants to get on with the job. He has ideas he wants to pursue in parliament. I laugh in original vernacular. In Nigeria, he would not even have been allowed to buy a nomination form. He would have been advised to go and play with his mates.  

On election day, voting started at 7 am and ended the same day at 10 pm. By the following morning, all the votes had been counted and the result was in the public domain with Labour winning 412 seats, Conservatives – 121 (much better than the 61 that had been predicted; Lib Dems –72, Reform UK – 5 (a big gain for the Nigel Farage-led party), Scottish National Party -9, Plaid Cymru – 4; Green – 4: more or less a strong showing by the smaller parties. By Friday, July 5, Rishi Sunak tendered his resignation. Starmer was invited to Buckingham Palace and asked to form the new government and by evening a Cabinet had been announced.  Such a smooth, seamless transition is not possible in Nigeria. On election day in the UK, there was no such thing as the late arrival of voting materials. There were no BVAS machines or stories about technical glitches. No thugs on the streets. 49 million voters, 650 constituencies, turn-out of 60% and yet no policemen or soldiers at polling stations. No stories that touched the heart about voters’ cards: to vote in the UK, you only need a photo ID showing that you are of age. Nobody has gone to court to challenge the results. Even the persons who lost their seats in parliament like former Prime Minister Liz Truss, Jacob Rees-Mogg, Grant Shapps, Gillian Keegan and Penny Mordaunt - 175 Tory MPs- have accepted their loss in good faith. There has been no post-election throwing of tantrums in the UK because the institutions function, and the people understand what it means to live in an organized society. Nobody has had to wait for months before a cabinet would be announced. The very day that Keir Starmer assumed office work started; what we have seen is a clockwork relay race, indicating the efficiency of the British model. For the first time in British history, a woman – Rachel Reeves is Chancellor of the Exchequer. There are other high profile women in the cabinet as well: Angela Rayner is the new Deputy Prime Minister and Secretary for Levelling Up, Housing and communities. Yvette Cooper is Home Secretary. Lisa Nandy – Secretary of State for Culture, Media and Sport. Pat McFadden is Chancellor of the Duchy of Lancaster. In all, a total of 11 women Ministers. It is the most gender-balanced cabinet in UK history, relatively youthful and experienced but largely White. There has been no quarrel over the appointments. Nobody has protested that his or her constituency has not been represented. There have been no thanksgiving services in churches or notices to that effect nor has anyone placed congratulatory adverts in the media.  We have not heard that the King or his sons had a hand in the appointment of Ministers. 

After every election season in Nigeria, we tend to spend months agonizing over the outcome of the elections, with politicians and their lawyers seeking to win the election at the courts of law. Nobody trusts the process; every politician becomes an emergency lawyer. Our democracy is significantly court-determined. But what we have seen in Senegal, South Africa, India. Iran, Britain, and even just over the weekend, in France, is that it is possible for democracy to work. Some commentators have suggested that in seeking a solution to the contradictions in the Nigerian system, there should be electoral reform every cycle, but it would appear that the problem is not the complexity of the democratic process itself but the underdeveloped nature of Nigeria’s political machinery and the character of the people themselves. Democracy is seen as a form of coronation in Nigeria which grants access to public resources and other privileges. This is why when our leaders get to power, they seem to be more interested in exotic vehicles, choice accommodation, yachts, brand new aircraft, chieftaincy titles and fat security votes. 

Last Friday, Sir Keir Starmer, the 58^th Prime Minister of the UK, promised the people of the United Kingdom that he will lead a “government of service” on a mission of national renewal. Times will tell as they say, but whatever happens the British desired change, they have voted for it and now, they have it. In Nigeria, one year after the general elections, Nigerians are still wondering what happened to their country.  

The Kwara State Police Command has arrested a 46-year-old ritualist while attempting to slaughter a 10-year-old boy hawking pepper in Ilorin, Kwara State capital.

The suspect identified as Isiaka Adeniyi was arrested on Tuesday, July 2nd, 2024, at the Oke-Foma area in Ilorin West Local Government Area of the state.

The incident which was confirmed by the state Police Public Relations Officer, Ejire-Adeyemi Toun, in a statement on Sunday said the suspect allegedly lured the hawker (name withheld) into a room under the pretext of attempting to buy pepper from him.

“According to information received from the police at the C Division, on July 2, 2024, at about 1800 hrs, a report was received from Onidoko Police Post indicating that at about 1730 hrs, an incident occurred in the Abab Oke-Foma area of Ilorin.

“It was reported that a 10-year-old boy (name withheld) resident of Abab area Abayawo, Ilorin, was hawking pepper when he was lured into a room by a suspect identified as Isiaka Adeniyi, aged 46, from Ifedapo Community, Oke-Foma area, Ilorin.

“The suspect allegedly lured the victim under the pretext of purchasing pepper but instead covered the victim’s face with a cloth and attempted to slaughter him with a knife.

“Thanks to the swift action of vigilant community members, the suspect was apprehended and brought to the station. Preliminary investigation is underway, and the case has been transferred to the State Criminal Investigation Department for thorough and discreet investigation”, the PPRO said.

The Kwara State Commissioner of Police, CP Victor Olaiya, commended the proactive efforts of the community members in apprehending the suspect and ensuring that justice was served in the grievous matter.

“We urge the public to remain calm as we continue our investigation and assure them that the police will leave no stone unturned in ensuring the safety and security of all residents of Kwara State.”

Meanwhile, the Kwara State Police Command said that it had deployed tactical teams for public security in the state with effect from Sunday, July 7, and beyond.

The state Police Command in another statement said that it took this action in light of past incidents observed on July 7, where cult-related activities resulted in harm and violence within the area.

The command while assuring the citizens of their safety in the state said that “it has implemented comprehensive strategies to prevent any recurrence of such activities.

“To ensure the security of our community, we have intensified our surveillance measures and increased the presence of visible policing across all key areas in the state. Our officers will be conducting thorough patrols and security checks today, July 7, tomorrow (Monday), and thereafter to detect and deter any suspicious activity.

“We have deployed additional resources, including tactical teams and intelligence units to ensure a swift and effective response to security threats. These efforts are aimed at safeguarding the lives and property of all residents and maintaining public order.”

He urged all citizens to remain vigilant and report suspicious activities or persons to the nearest police station or through their emergency contact lines: 0812 527 5046 or 0703 206 9456, noting that their cooperation was vital in the collective effort to maintain peace and security within the community.

Nigerian-born French football star, Michael Olise completed his move from Crystal Palace to Bayern Munich on Sunday, July 7, 2024.

Bayern Munich paid Crystal Palace the sum of €60 million to complete the signing of Michael Olise.

Olise spent the last three seasons of his career at Crystal Palace. He joined the club from Championship side, Reading, for a transfer fee worth £8 million in July 2021.

The 22-year-old forward, who is eligible to play for France, England, and Nigeria, played 90 times for the Premier League club before he made the switch to the German Bundesliga.

Michael Olise snubbed other suitors like Newcastle United, and Chelsea to sign a five-year deal with coach Vincent Kompany’s side, which means he is expected to remain at the club until June 30, 2029.

After completing his move to the German Bundesliga giants, Michael Olise said: “I’m very happy to now be playing for such a big club – it’s a great challenge and that’s exactly what I was looking for.

“I want to prove myself at this level and play my part in ensuring we win as many titles as possible in the coming years.”

In reaction to his exit from Crystal Palace, the club’s chairman, Steve Parish said: “We are hugely proud of what Michael has achieved at Crystal Palace, a club where he has developed greatly as a player.

“We respect his desire to further test himself at the highest level of world football.”

Super Eagles captain, Ahmed Musa, has cleared the air on his purported retirement from the national team.

The former Leicester City forward has not featured in a competitive match for the Super Eagles since 2021.

He started his last game for the national team three years ago during a World Cup qualifier against Cape Verde, he played 67 minutes in the 2-0 victory.

Musa did not play in any of Nigeria’s seven matches at this year’s Africa Cup of Nations, AFCON, where the team finished as runners-up.

His most recent appearance was a seven-minute cameo in a friendly game against Guinea in January.

Musa has also been without a club since he parted ways with Turkish side Sivasspor after his contract was terminated in February.

But speaking with reporters after a friendly match he organized, Musa disclosed that he has not drawn the curtain on his Super Eagles’ career, adding that he was only on a hiatus.

He explained: “I only took a little break from the national team.

“But I didn’t exit the team.”

Governor Charles Soludo of Anambra State has recounted his experience spearheading the consolidation policy of the Nigerian banking system, describing it as a dangerous war. Soludo, who served as the governor of the Central Bank of Nigeria (CBN) from 2004 to 2009, detailed his challenges during this transformative period.

The consolidation policy aimed to reduce the number of banks and other deposit-taking institutions while increasing the size and concentration of the consolidated entities in the sector. This often involved mergers and acquisitions, resulting in fewer but larger and more robust institutions.

Speaking at the launch of a book titled “Power of One Man: How the Soludo-Engineered Consolidation Transformed Nigerian Banks to Global Players,” Soludo shared his harrowing experiences, including threats and attacks that led his family to exile.

Soludo said, “Let me start with a disclaimer: I have not read the book. My gratitude goes to the author of this book, and I appreciate my incredible team. I also thank the Nigerian stakeholders for their massive support because it was like a revolution; today, we are celebrating the possibility of Nigeria.”

He highlighted the lasting impact of the consolidation policy on the Nigerian banking system, noting, “The revolution changed the Nigerian banking system forever. As a leader, you must be self-sacrificing and ready to pay the price to avoid personal interest.”

Soludo emphasized the policy’s success by pointing to now-giant institutions like Access Bank and Standard Trust Bank. He concluded, “The major message today is the revolution for the banks themselves, who are now giants. What is stopping and limiting us from developing is our mindset. If we can dream it, we will achieve it.”

Mr. Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC), has appealed to President Bola Tinubu to address the country’s high cost of food items urgently.

In a chat with newsmen on Sunday in Osogbo, Oyintiloye expressed concern that Nigerians were hungry and living below the poverty line. He highlighted that many citizens are disillusioned and worried about where their next meal will come from due to the extreme economic hardship.

Oyintiloye also urged the president to heed the United Nations’ prediction that 82 million Nigerians, approximately 64 percent of the country’s population, might face hunger by 2030. He cited data from the National Bureau of Statistics (NBS), which revealed that the food inflation rate in the country hit a record high of 40.66 percent in May, surpassing the previous month’s increase of 40.53 percent.

As a former member of the defunct APC Presidential Campaign Council (PCC), Oyintiloye noted that the hike in prices is making common household food items increasingly unaffordable for the average Nigerian. Despite the country’s abundant natural and human resources, successive governments have failed to drive the economy productively.

He pointed out that corruption and overdependency on the distribution of crude oil revenue by the government tiers are hindering the establishment of a productive and self-sufficient economy for the benefit of the masses.

While acknowledging that President Tinubu is trying to address the situation through various intervention programs, Oyintiloye emphasized that the impact of these interventions has been insufficient in alleviating the economic distress. He noted that prices of basic household food items such as rice, beans, garri, and spaghetti are becoming increasingly unaffordable for the masses.