
OTHERS' VIEWS
“There is little that can withstand a man who can conquer himself. Every time I appoint someone to a vacant position, I make a hundred unhappy and one ungrateful. I am the state” – France’s King Louis XIV.
France’s Bourbons king, Louis XIV (Born: 5 September, 1638; Died: 1 September, 1715), also known as Louis the Great or the Sun King, ascended to the throne in 1643 and reigned until his death in 1715. His reign of 72 years and 110 days is said to be the longest of any French sovereign (he began to reign at the age of five). The statement “L’etat, c’est moi” literally meaning, ”the State, it is me” credited to this king demonstrated that he and the other Bourbons kings ruled with absolute power and iron hand and saw the French nation as their personal property with everything and everyone at their beck and call.
Which was why, despite that the objective conditions for the French revolution of 1789 had long been noticed, and Louis the Great was warned, he spurned the warnings. It will hold during my time, he was quoted as saying, let my successors take care of themselves! He was both right and wrong! Louis XV (Born: 15 February 1710; Died: 10 May, 1774; reigned from 1 September, 1715 until his death) took care of himself but not so his own successor, Louis XVI!
Although called “Louis the beloved” Louis XV died an unpopular king; discontentment and the signs of a revolution were thick in the air throughout his reign. Regardless, this king and his wife, Marie, had 10 children in 10 years (1727 – 1737). He was reputed to have consummated his marriage to his wife seven times on their wedding night! Who was there doing the counting, if I may ask!
Fate, sometimes, is cruel even as Maximilien Robespierre (‘the Incorruptible’), who presided over France’s Reign of Terror (1793 – 1794), has said that “Pity is treason”! Louis XVI, who was minded to accept some of the reforms proposed by the leaders of the French revolution, was the one who got consumed by the revolution. He was guillotined on 21 January, 1793 “in the 39th year of his age, at 22 minutes after 10 o’clock in the forenoon”
When situations have got so bad, any leader who appears on the scene must make up his mind which side of the divide he wants to pitch his tent – whether on the side of the people or against them. And if on the side of the people, he must act fast, and decisively, too. No sitting on the fence! No half measures! Drum this into Nigeria's President Bola Ahmed Tinubu's ears!
Another example that teaches this truth very clearly is Mikhail Gorbachev, the last effective leader of the Union of Soviet Socialist Republic. Gorbachev bid his time as he climbed up the ladder. Once in the saddle, he announced his twin-policy of “glasnost” and “perestroika” He wanted to make the Soviet society a little bit more open. He sought to give the people some liberty. But as he opened the door a little, a rush that he could not control swept him off his feet!
Revolutionary France will happen upon Nigeria if care is not taken! The objective conditions for a revolution are everywhere prevalent in Nigeria. Only the subjective conditions remain to be seen. And in the last few weeks we have seen food protests in Nigeria, which were similar to what happened in France when the peasants thronged the streets in their numbers chanting: “We are hungry, give us bread!”
On December 30 last year, Lagosians pelted Tinubu with cries of “Ebi n pa wa” We are hungry, they chanted as the president’s long motorcade waltz its way through the crowd in downtown Lagos. An arrogant Queen Marie-Antoinette had mocked the French peasants, saying: “Let them eat cake”! The starving people that could not afford cheap bread were the ones the queen teased with expensive cake!
Compare Marie-Antoinette’s obliviousness to the abject conditions and daily life of deprivation and penury of the French masses to the Nigerian Senate President, Godswill Akpabio’s insensitive and irresponsible “Let them breathe” response to the cry of Nigerians to their presumed representatives to take notice of the suffering in the land and act accordingly!
Ongoing food protests – were they spontaneous or sponsored? Even if they were sponsored, the prevailing conditions made that possible. No one can deny that the situation of things in the country has become unbearable, even for the middle class Nigerians, not to talk of the poor and the multidimensionally or desperately poor. If, on the other hand, the protests are spontaneous, then, it means Nigerians, ever so docile, are now stirring. And that is a warning signal for the government to act fast.
The mistake many are making is to think the problem is that of the president alone; it is not! State governors, local government chairpersons and the National Assembly members are all in the net together. There is no way an injury to the president will not affect these other fellows across the board. Even past presidents and governors; past National Assembly members, party leaders past and present should note how JJ Rawlings called some fellows out of retirement in Ghana to answer for their crime against the Fatherland. If Vox Populi is Vox Dei, then, let our leaders listen to the cries of the people and harken to the voice of God!
I see Tinubu in Gorbachev’s shoes. If he dithers, like the Soviet leader did, God help him! If he fiddles like king Nero did while Rome burned - like Gov. Babajide Sanwo-Olu of Lagos was reported partying in one fairytale island while fire was on his roof - you can be sure he will come to certain grief. Nigeria’s situation is dire; it is long past the one that half measures can take care off. “Either this or that” is what is needed now.
On whose side is Asiwaju Bola Ahmed Tinubu: On the people’s or their oppressors’? The same audacity that Tinubu displayed on the way to the presidency is needed now. He must call the same bulldozers into action. He has to step on toes now like he did then. Said Robespierre: “Audacity, more audacity and always audacity and France will be saved” Yes, audacity, more audacity and unending audacity saved France. The same audacity is needed right now if Nigeria would be saved. Is Tinubu up to the task? Can this man rise above his well-known limitations and conquer his own foibles?
Let no one deceive you: This is no mean task. Says the great Greek philosopher, Aristotle: “I count him braver who overcomes his desires than him who conquers his enemies, for the hardest victory is over self” Tinubu conquered his many enemies on the way to receiving the APC presidential flag; he thereafter went ahead to defeat 17 opponents at the Saturday, February, 25, 2023 presidential election. Now, he is up against the fiercest enemy he will ever confront – his own self. Will he stumble at this hurdle? May he not! But should he, then…!
LAST WORD: Why have we not started growing food on a large scale all over the country – the Federal, state and local governments? Are housing estates our critical priority at this time? Are people protesting because they need accommodation or because they need food? In this respect, Tinubu’s administration has wasted eight months already! Why can’t the churches and mosques also clear hectares of land and pour their unemployed, hungry and angry members there?
FEEDBACK
God bless you for the write-up on the explosion at Ibadan that seems to focus on South-west governors and the way they have been playing politics with the welfare and development of the region! Your short reference to Miyetti is to tell our governors that they ought to come out of their hiding and boldly equip and mobilize our security operatives, the Amotekun, to become able to protect and rescue our people from predators who value cows more than human beings. If the South-west governors would rise up this time, perhaps, they should consider the call of the Aare Ona Kakanfo, Chief Gani Adams, seeking the inclusion of the Oodua People's congress members (in Amotekun). The OPC have tried for us and as they are not tired, they should be incorporated (into Amotekun). One of the major duties of any government is security and protection of life and property but alas, people are no longer safe anywhere, to the extent that our Obas are now targets of kidnappers and unknown gunmen! Such was unheard-of in Yorubaland and it amounts to desecration of the land, which can trigger unrest if the authorities don't act in time. According to you, our governors need to explain what they are doing with their security votes and we need to know why Lagos state has refused to join the South-west security operations. Is Lagos State no longer in the South-west? You challenged our people for having forsaken their prime positions in the profession and in industries. Truly, the Yoruba have failed in these areas and we need to wake up. However, I have a case with our governors: Since the fourth republic began, no governor in Ekiti or Ogun state has deemed it fit to establish a rice-processing factory in their respective state to provide employment and bring down the high price of foodstuffs. Oyo state alone has the potential to feed the region but what is happening? You warned against sweeping under the carpet the report of (YSDM) Yoruba Self-Determination Movement’s complaint about the Bodija explosion when the report is out. I like to say here that I will not give you any rest but shall continue to remind you to do what you know best how to do until the authorities concerned do the needful. Thank you very much for your courage and uprightness and for always being there for the people. You are one of the prophets of our time! - Bishop Alli Olu Richard.
Thanks, Bola, and God bless you! Akintoye is senile; he is crying when the milk is already spilled. What intelligence and security apparatus does the YSDM have in place? Akintoye is a politician. Why the Yoruba have not advanced beyond noise-making is because of people like him, like Gani Adams, the selfish and timid Yoruba governors and the hungry and myopic Yoruba traditional rulers in cahoots with illegal miners of our resources. If they are as honest, bold and have the love of their people in their heart as you always do in your submissions, let them show up, and powerfully too! I am bold to say that there is nothing remaining in One Nigeria! Also, there is nothing on the table for the Yoruba except a bold step is taken. Let Akintoye, going to 90 years, go and rest! By the way, what has the Afenifere achieved for the Yoruba in this dispensation? Was their leader, Pa Ayo Adebanjo, not rooting for a non-Yoruba in the last presidential election? How can people move forward with that kind of mindset? Nigeria has crossed the Rubicon! - Pastor Jube Olawole.
The judgement of the Federal High Court in Lagos last week ordering the government to fix prices of some goods and services in seven days has triggered speculations that the government might be considering a reintroduction of price control. Justice Ambrose Lewis-Allagoa specifically asked the federal government to determine the prices of milk, flour, salt, sugar, bicycles and their spare parts, motor vehicles and their spare parts and petroleum products such as petrol, diesel and kerosene. The order was contained in the judgement in a suit filed by Femi Falana against Price Control Board and the Attorney General of the Federation according to Section 4 of the Price Control Act of 2004. Falana had sued the Board and the AGF to fix prices of the items but the respondents did not file any defence. The court order has set off speculations that the government might undo its deregulation policy. But it should be noted that the court order was for the government to fix the prices of the mentioned items; it did not specify whether the fixed prices should be above or below market rates.
Price control, first used by the military regime of Gen. Obasanjo in the 1970s, is a government order that stipulates a maximum or minimum price to be charged for specified goods and services, especially during periods of war or high inflation, as we have today. Minimum price is called price floors while the maximums are price ceilings. But with the continued expansion and liberalization of the economy over the years, price control has become largely otiose, although the government is still fixing price floor for wages and salaries (minimum wage). In 2004, the Obasanjo administration reenacted the Price Control Act and set up Price Control Board. The law remained largely unknown and unheard of until Justice Lewis-Allogoa’s pronouncement last Wednesday. If the federal government had been diligent enough to enter a defence and argue against price fixing, the judge might have given a different order. I await the government’s next move, but for now, I caution that reintroducing price control would be counterproductive and difficult to enforce and, in addition, create unintended consequences.
Price control could lead to shortages of goods and services as producers become less incentivized to produce them at lower prices, and this may result in the emergence of black markets where the goods are sold at higher prices than the regulated prices. A good example is the foreign exchange market where black market has become a major determinant of reference prices. Another challenge is that price regulation could also result in reduced investments and innovation in some sectors as producers may be less motivated to make huge investments if they cannot raise prices to recoup their investments. This is one of the reasons that foreign investors shied away from investing in refineries in Nigeria. Regulated prices of refined products were considered major disincentives. Proliferation of fake products as genuine producers cannot produce at regulated prices is another problem of price control, and as I said earlier, price control could be very difficult and costly to enforce. Government will have to deploy regulators or ‘’mystery shoppers’’ to go from shop to shop to catch violators. Trust Nigerians, another set of extortionists and bribe takers would emerge. Every unemployed youth and motor park ‘agberos’ would want to enlist in the Price Brigade! I urge the government to abandon any idea of a return to price regulation.
The leading cause of inflation in the country is food inflation, and to address this problem, it is important to note that Nigeria is not suffering from shortages of food and basic commodities. In fact, our markets are still full of food items in large quantities. Rather, the problem is that people do not have money to buy the food they want in the required amount and quality. This is known as food insecurity. Our problem is not food shortage, but food insecurity. I should note that this is not developing countries’ problem alone. There are many cases of food-insecure households even in the US and some European countries, and they have devised many programs to check it. We should. First, there’s a strong need for employers to increase salaries of low-income earners in their organizations. It’s heartening that the federal government has started minimum wage discussions with the NLC. Second, state governments should establish some kind of food stamp programs in which governments buy basic items in large quantities and resell at reduced prices to the vulnerable members of the public. It was common in the 1970s and ‘80s in the old Cross River State and I am not surprised that Akwa Ibom State government is already planning to bring back the scheme. But the government should guard against possible abuse by light-fingered officials. Third, every household should be encouraged to grow own food crops, especially annuals (those crops that are grown and harvested under one year), and raise poultry. Every civil servant should be mandated to own a farm and Fridays should be declared work-free to enable them go their farms. This is an emergency.
Food insecurity and large-scale hunger in a large population such as our poses serious national security challenges. The outbreak of protests in some northern states last week where, incidentally, poverty is very pervasive should be an early warning signs that things may go out of hand.
Wigwe University…
An online video emerged last week alleging that Wigwe University would be charging school fees in dollars, and that each student would pay over $12,000 in tuition and sundry charges. Although I knew that this was a misleading allegation that could damage the reputation of the new institution, I promptly contacted its founder, Dr. Herbert Wigwe. He responded: ‘’This is not true. It is only foreign students that will pay in dollars. Nigerians will pay in Naira. This is clearly stated in the University’s website. No amount of mischief will derail us from contributing to the development of our country’’. All over the world, foreign students pay far higher fees than citizens of those countries. Since Wigwe University is planning to attract students from other countries, they should pay in dollars and the university will earn foreign exchange. But this is not new or unprecedented. I recall that there were some foreign students at UNN in those days (1970sn and 1980s) when our public universities were among the best in the world. University of Calabar was also full of Camerounian. In fact, Cameroun had to establish a consulate in Calabar to take care of the influx of its students into UNICAL. That era has long gone with the reduced funding and prolonged labour strikes. Now that our private universities in general and WU in particular are hoping to bring back the lost glory, we can only support them.
The dollarization of the economy has become a major problem, contributing to the weakening of the Naira and rampant inflation. The EFCC has announced that it is on the trail of culprits. But we should be careful not to make sweeping allegations against genuine citizens. The Herbert Wigwe I know will never flout the law.
Dear Mr, Festus Keyamo,
Our epistle is today addressed to you as a contact point because our object of reflection is aviation, in reality though, the content of our considerations affects all of us citizens, operators, regulators and consumers of the aviation sector of Nigeria. They are considerations about a sector that was conceived to make all fly but in Nigeria it has the knack of making the most prominent drown.
I invite you to think of and read about the rise and fall of many Nigerian airlines and allied companies in the sector to get a feel of the gist here.
Let us start from the personal. Well over two decades ago, my son who is now a computer scientist but seems more interested in making money than computerising the world, expressed a desire to become a pilot, and many in my family expressed their concerns about the dangers of flying and the concern each of his flight would give the family.
Amazingly, my late papa, an economist turned accountant and practicing auditor who had spent over four decades in aviation, simply quipped that “the real endangerments in aviation come from the offices and management not in the sky…”. He was a man that firmly believed that “accidents in aviation are planned and achieved via bad management and negligence of the rules of aviation”.
Whilst still on a personal note, let me invite you, Honourable Minister, to consider that the most noticeable of your predecessors in the ministry of aviation you head today are noted in the industry not for their contributions but for their troubles with the law. Messer Femi Fani-Kayode and Stella Odua are two names that should suffice to making this point clear to all within and beyond the aviation community.
Your immediate predecessor has not disappointed those expecting the wings of aviation to drown many. Former Minister Hadi Sirika is a man who lately tweets about Islamic teaching, in Hausa, and copiously quotes the Quran. Before then however, he was a man who about 20 days before leaving office got the Federal Executive Council to approve over half a million dollars for the engagement of consultants for the master plan of airports, then about three days before leaving office he launched an airline that had no plane and Air Operator Certificate to operate.
Like the children of his generation that believe that packaging is everything and that the “why” trumps the “what”, the then minister and his team hurriedly arranged an Ethiopian Airlines plane draped with the logo of “Nigeria Air”, and made it fly to Nnamdi Azikiwe International Airport, Abuja, a few hours to the end of his tenure in office. The logo of “Nigeria Air” was first unveiled at the Farnborough Air Show in the United Kingdom, we were told then that the project was expected to cost $8.8 million in preliminary cost and $300 million as take-off cost.
Readers of this page will remember me saying that the “Nigeria Air” so dear to the minister was “conceived on PowerPoint, presented in PDF and will die on twitter”. The project was suspended two months later….
When the “Nigeria Air” fantasy reared its head, or shall we say logo, again in May 2023, we, on this page, called for an independent public inquiry that will allow all those involved and interested to give and get a clear, detailed and final understanding of the process, negotiations, partnerships, expenses, and parties involved in the “Nigeria Air” project. It is now close to a year since then and we are still waiting.
As if to respect the tradition of notable ministers of aviation in Nigeria, former Minister Hadi Sirika has returned to people’s mind because the Economic and Financial Crimes Commission is having conversations with his brother over contracts awarded by aviation ministry and have frozen an account with over N8 billion, please note that given the rate of the naira to the dollar when the money got into the account, the frozen funds must have been nothing less than 10 million dollars then. The former minister’s brother is a deputy director in the Federal Ministry of Water Resources.
As citizens respectful of the law, we must assume all are innocent until proven guilty and we must give the minister and his brother the space and the right to explain and defend themselves in a clear, detailed and final way on why a civil servant will be getting millions of dollars worth of contracts awarded by a ministry headed by his own brother, what happened to the contracts and the source of the money in the account. All those are criminal matters and we can leave such to the EFCC and the courts to deal with.
We must however remind the operatives of the EFCC from investigators to prosecutors to make sure they have a clear, tight and convincing case. Sensationalism will lead us nowhere, what we desperately need are more looted funds refunded and paths to future looting blocked.
The rest of us however need to look at the political, institutional and financial elements of the aviation industry. You, Hon Minister, need to call and promise yourself not to follow the tradition of the noted ones that came before you, yes, a promise to be good is not enough but it gives you a vision to follow. Operators in the aviation sector need to find a way to ensure that no one is allowed to abuse office, disrupt plans and hinder the many progress that the aviation industry can bring to our economy and country.
No minister can manage or mismanage the aviation sector alone, those around the office of the former minister too should be looked at and those around the current minister should look at themselves.
Outside government, operators in the private sector need to find their voices, before that, they even need to discover or rediscover their worth and consequence in the country’s economy as a whole and in the aviation sector in particular. A well organised, invested, committed and self-regulated private sector that strives for excellence can and should take the lead in aviation, treat regulators as guests not as owners, so that the wings of aviation will make all fly not drown.
Join me on Twitter: @anthonykila, to continue these conversations.
The new Governor of the Central Bank of Nigeria (CBN) has, so far, demonstrated a hands-on determination to make a difference regarding the fate and fortunes of the Naira. The forces arrayed against him and his team include the following: (1) A volatile and economically insensitive political environment, (2) Elite consumption patterns, (3) Overall low national productivity, (4) Limited public understanding of the difference between fiscal and monetary policy issues, (5) Incredibly high demand for the dollar and, very importantly, (6) The new-found use of the dollar as a major Store of Value.
The points I made on this page on November 15, 2021, Under the title “What the CBN Cannot Do” are even more poignant today, as the new leadership of the bank grapples with great odds today. Those points are so relevant, and so painfully responsible for the crisises of the moment that the article under reference will be reproduced in large measure here; so that Cardoso does not draw undeserved flack for the systemic, contrived and institutionalized shadowboxing that has taken over the profile of our national currency. Here we go, as was said here two years ago.
“The CBN cannot do much about the value of the Naira, for as long as we produce very little, consume much that is not produced here and retain a monocultural economy that is driven by a leadership elite that focuses on distribution and consumption, rather than production. The calls for diversification of the economy have been on for over two decades now. These calls have been so strident, repetitive, and over-dramatised by successive government. That is why, today, the concept has become all but threadbare, tiring, boring and of little interest to many people.
Yet the point remains, that only the diversification of the economy, redemption of our national road infrastructure, reversal of the current state of insecurity in the land, rescuing the power sector, making realistic and sustainable investments in education and health, among other critical interventions, can save the national currency, the national economy and the people.
Looking at some of the issues in detail, it is a matter of record that general insecurity and banditry have been undermining the massive national investments in agriculture for years now. Banditry has laid waste massive farmlands, reduced farmers’ access to their farms and their farm produce, in addition to outrightly wiping out or chasing away large farming communities. When financial outflows into the agricultural sector do not yield the expected returns due to insecurity, the projected gains in terms of food availability, food security and forex earnings from food exports go up in smoke.
Thus a “silo” conversation on diversification of the national economy, especially with agriculture in focus, which does not also simultaneously address insecurity and national road and transport infrastructure is an exercise in self-delusion. You do not drive foreign exchange earnings by designing wonderful projections and making speeches about them in airconditioned halls, when farmers cannot go to their farms.
It is the same thing, that is, misplaced priorities and wrong leadership orientation, when many states of the federation mistake investments in health and education infrastructure for actual investments in “education” and “health services.” They need to be told that brand-new health centres, schools, new classroom blocks and massive stockpiling of teaching equipment are procurement contracts. They do not translate into investment in health and education unless, and until, these states also have commensurate and possibly higher investments in health workers, teacher recruitment, teacher skills upgrade, training of new teachers and retraining of old teachers.
An investor who spends money setting up new baking ovens and launching them is not a baker. Bakeries produce and deliver edible bread. So, state governments that are awarding construction contracts, importing furnishing material for new public and private facilities, have no idea of how much damage they are doing to their states and to the national economy. They are not offering needed health services or producing the needed human capital for development. When misapplied funds are retired under the heading “investment in health” or “education and human capital development,” the people and Nigeria are swindled. But we are digressing.”
The foregoing, which was said over two years ago, reads like it was written for the first time this morning. The reason it sounds so fresh is simple: Nothing has changed. The problems are still the same today.
The article under reference continued thus. “That the value of the naira continues to plummet, as I write, is not the work of the devil; no! That many big and small businesses have lost value and shut down, is because of high replacement cost for goods sold out and their inability to obtain long-term facilities that would make sense in a Third World economy.
To understand the “replacement cost” narrative, let us suppose that you sell bicycles. If you buy fifty bicycles at twenty thousand Naira each, that would mean that you spent one million naira to stock up your shop. If you sell the bicycles at twenty-five thousand naira each, it will mean that you have made a profit of two hundred and fifty thousand Naira on your current batch of bicycles. It is up to you, whether to keep aside your profit of two hundred and fifty thousand naira, or buy more bicycles; after removing other costs. Whichever way you look at it, or whatever you decide to do, you have enough money to “replace” the bicycles you sold.
Now imagine what would happen if, after selling your 50 bicycles you discover that the price of bicycles has jumped from twenty thousand naira apiece, to N50,000 apiece! That is a 150 per cent increase in bicycle prices. This means that, all of a sudden, you will now need N2.5 million to buy the same number of bicycles! It also means that your “replacement cost” has moved up astronomically. If you do not have the new replacement cost, and your original business capital can only get you twenty bicycles, your business has lost value by a whopping percentage.
Which means that 80 per cent of the shop space may not be needed anymore. Which means that at least 50 per cent of you workforce may have to be laid off. Which means that property rate for shops, and related, real estate will drop at the same time that young traders are becoming jobless and declining income is becoming the norm. Which means that some parents won’t be able to pay school fees, etc., etc. Which then further means that most sellers who still have some old stock will do “anticipatory” mark-up, because of the difference between their original “procurement cost” and the new replacement cost.
That is the reality of the Nigerian wholesale and retail trade economy and situation today. This is in addition to the fact that more is being imported from outside than what we are sending outside for sale. But assuming that, by some as-yet-unknown magic, the CBN grabs the naira by the neck and yanks it back to one dollar to one naira, what then? Will this increase national productivity, diversify the economy, or remove the fact that the problem is much broader than the CBN as such? Will it remove the fact that our foreign exchange problems are connected with our taste patterns, limited productivity, elite excesses and poor integrated national planning? With agriculture, education, health, power, tourism and security in the doldrums as major national challenges, we cannot save ourselves from the avoidable foreign exchange constraints the nation is saddled with at the moment.
A nation with a predominantly consumption-drive economy cannot suddenly catapult itself into the Neverland of foreign exchange El Dorado. You make money from what you produce and sell, or from what you can do and be paid for. You also buy with what you have earned from either goods or services you offered. You get paid nothing when you produce nothing. You spend more than you earn when you produce and sell far less than you buy. The person who produces nothing and earns nothing, but buys a lot, must be getting the money for his purchases from somewhere. If in addition to producing nothing, the person also has some savings, then he must be depleting his savings. But what if this person also has no savings, in addition to producing nothing, that means he must be borrowing. And to borrow is to get credit for present needs, with payment deferred to a future date, right? Well, that is our lot in Nigeria today. And we are still borrowing!
The Igbo man will tell you that you do not borrow money in order to take the Ozo title, or to marry a wife. If you borrow for either of these endeavours, how about maintenance – and other matters arising? But we are digressing, again!
It is largely because we are consuming more than we are producing, and also buying more than we are selling, that the speculation for “phoney money” and profits without productivity have overrun the land. Thus arises the predicament of nations and individuals with “unbalanced” market profile and appetites. Thus also stands the crisis of the Nigerian state and economy today, in bold relief. Thus also shall it remain, no matter the ingenuity and efforts of its central monetary and fiscal regulatory mechanisms, until the right things are done.
Truth be told, our monocultural economy, or overdependence on one major source of foreign exchange revenue, is a drawback that can only be remedied by real diversification of the economy. We are yet to see the alleged gains, or the promised food sufficiency, of the tenure or Adesina as Minister of Agriculture, or the food exports of Audu Ogbe’s intervention.
Are we producing enough to save the Nigerian economy? Is our foreign exchange capacity not constrained because we are not producing, or exporting enough? What is the impact of our energy problems on overall national productivity? If I must buy an industrial generating set in order to set up a big business outfit, and a pepper grinder must also do the same in order to be in business, will the demand for generating sets of all makes and sizes not remain? And will this not mean a continuous demand for forex by importers to buy generating sets from outside the country? And what do you expect when the outflow for all sorts of things, including furniture and kitchen napkins, is not only higher but continues to rise even as the inflow is smaller than the outflow and also dwindling?
As a farmer trying to water and nurture the naira, the CBN “alone” cannot rescue a currency that is surrounded by thorns, dangerous weevils and inclement weather.”
With the above coming from my intervention of two years ago, I conclude today by pointing out that Cardoso is no magician. The man is swimming in very turbulent waters. Besides policy support, he needs resolute political backup as he takes the necessary hard decisions. And take them he must.
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.
At last, the Dangote Petroleum Refinery has begun production with the receipt of about six million barrels of crude oil. What a pivotal moment for Nigeria! It’s the triumph of the resilience of one man, Alhaji Aliko Dangote, whose audacity to dream big, coupled with his unparalleled determination and unrelenting doggedness in bringing those dreams to fruition, has seen him climb every mountain and cross every ocean on his path to achieve the seemingly impossible.
It is only a man with a steely determination that will not break under the strain of massive cost overruns, an unforgiving, hostile business climate, policy inconsistencies, serial currency devaluations and currently the worst performing currency in Africa, forex scarcity, multiple taxation, high cost of capital, etc. that could pull this off. Nigeria will defeat you, if you are not made of steel.
That Dangote was able to complete his petroleum refinery is a testament to his superman capacity to ride the waves no matter how high they may be. Many of us continue to marvel at this prodigious project, no matter what a few naysayers have to say.
You see, this country would not have been in this precarious state if we had more of such projects driven by supermen like Aliko Dangote. Again, Nigeria would have been the pride of Africa, living up to its potential and promise as the beacon of hope and the powerhouse of the black race if such men were in political leadership.
Our incompetent and inept leaders have failed Africa. All they know how to do is loot the commonwealth and display it in our faces. They have become the biggest obstacle to the continent’s progress, the ones underdeveloping Africa from within its borders. So, for the richest man in Africa and a few others to pick up the gauntlet, doing what Nigeria as a country has failed to do for Africa, then the black race deserves to be applauded. And the world is taking notice.
At the last count, the Dangote refinery located in Ibeju-Lekki, Lagos, covering a land area of approximately 2,635 hectares, had gulped over $19.5billion. You would agree with me that, that is a prodigious figure. Not often do we hear of such figures ploughed into projects even in the Western world, let alone in Africa. At best, it is the type of project that multi-national consortia come together to undertake. But in this instance, an individual from one of the most challenged countries in the world, conceived and executed it, in spite of the very hostile business environment that is squeezing investors out of business. This, to me, is a feat worth celebrating.
It is the world’s largest single-train petroleum refinery, with a capacity to process 650,000 barrels per day with a 900 KTPA Polypropylene Plant. It is a thing of pride that a project of this magnitude is located in Nigeria. But even more enthralling is that it was conceived and built by an individual in a country where bad government policies by inept leaders remain the bane of doing business. Policies that are more often than not driven by malice. At full production capacity, the refinery can meet 100% of the Nigerian requirements of all refined products and also have surplus for export. How many of us truly understand what that means? Moving from being a net import-dependent country for all our petroleum needs to exporting locally refined products? Can you imagine the foreign exchange this will save for Nigeria?
This surely is a game changer for our bleeding national economy long crippled by forex shortages and organised oil theft with all the imprimatur of officialdom.
The country’s four refineries have been grounded for several years and may remain so, not because they cannot be fixed in a realistic sense but because those in charge of making them work are the ones sabotaging all efforts to fix them. The state-owned refineries have become a cesspool of corruption and organised crime. Where hundreds of millions of dollars regularly voted for Turnaround Maintenance, TAM, have only served to enrich a few fat cats in the Nigerian National Petroleum Company Limited and their collaborators in government. That is the sad situation Nigeria finds itself in.
And for those who may not know, crude oil export is the source of well over 80% of Nigeria’s foreign exchange earnings. Now, if we can’t protect our production volume from organised syndicates who have perfected the art of stealing the crude from the pipelines before it gets to the terminals for export, how would we earn enough forex for the Central Bank of Nigeria (CBN) to make available to importers of other goods and services? The bigger questions are: how do these syndicates get the stolen products to the international market ahead of Nigeria? Who exactly are the members of these syndicates? Why has no one been named publicly? Who is covering up for them in government? Surely, someone or some people who are high up in the government know/s something.
Two years ago, the country spent 40% of the foreign exchange it earned from the little it was able to generate from export earnings on the importation of petroleum products as well as petrochemicals which put a lot of pressure on the exchange rate, according to the former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele who did everything he could to help the Dangote refinery come to fruition. Yes, you heard me clearly, he had said 40% of all forex earnings went into the importation of petroleum products. This has created a vicious circle of perennial shortages of forex for other import-dependent sectors.
In the land of my fathers, there is a saying: “A nation that cannot feed itself is not free.”
So, one can begin to understand the relief the Dangote refinery is set to bring to Nigeria. Officially going into production of refined petroleum products is an incredibly important milestone that should be celebrated. It is the last chapter of a checkered journey that began with the acquisition of the Port Harcourt and Kaduna refineries in 2007. I think a brief history will suffice here if for nothing but to refresh peoples’ memories.
In May 2007, the then outgoing Olusegun Obasanjo administration took the bold decision to sell the government’s majority stake in the Port Harcourt and Kaduna refineries to Bluestar Consortium promoted by Aliko Dangote, Femi Otedola and Transnational Corporation of Nigeria, Transcorp for a whopping $750 million with the Port Harcourt refinery selling for $561 million. It was Nigeria’s largest refinery, a 210,000-barrels-per-day (bpd) facility, while the Kaduna refinery had an installed capacity of 110,000bpd.
That transaction triggered an avalanche of wild criticisms from many ignorant Nigerians and labour unions who sprang into action, doing their utmost, to frustrate the sale. And they did. But today where are we on the matter? Is the country better off than it was then before the sale and subsequent revocation? Where are those who opposed the sale then purely on emotional grounds than the economics of the transaction? They have all been put to shame. And the country is the loser for it. I don’t need to remind anyone of the fights at filling stations, the endless hours wasted in queues, sometimes overnight at petrol stations just to get fuel for our cars.
The two main oil unions in the sector – the National Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) were up in arms, claiming that the two refineries were wrongly sold by the Bureau of Public Enterprises, alleging that “the sale of the two firms was completely lacking in transparency”. They also stated that no due diligence was carried out and that the Port Harcourt refinery was worth close to US$5 billion, about nine times the amount it was actually sold for. For those who still remember, the sale of the refineries to Bluestar was one of the reasons for the general strike that paralysed the Nigerian economy for four days in June, 2007 during the government of the late Umaru Musa Yar’Adua.
The then NNPC and the Department of Petroleum Resources (DPR) joined the clamour for the transaction to be revoked, claiming that they were capable of running the refineries in contrast to Bluestar, which had no actual experience of operating refineries. Really? The surprising thing was that so many Nigerians were sold on the NNPC narrative. Following Bluestar’s eventual pull out of the transaction, the then Group Executive Director of the Refineries & Petrochemicals Department at NNPC, Abubakar Lawal Yar’Adua, was reported by THISDAY to have stated that if given the necessary support, the NNPC had the capability to run the refineries efficiently. He forgot to mention that it was years of inefficiency and corruption by NNPC’s management that forced the Obasanjo government to sell the government’s majority equity stake in the refineries in the first place.
Not done, he argued that the solution to the nation’s petroleum shortages would not be found in the sale of the refineries, but in conducting proper turnaround maintenance on them as well as building new ones. The then DPR director, Tony Chukwueke, on his part, said that the nation had not exploited all the models that could ensure that the refineries worked optimally and that Nigeria could invite foreign technical partners to run the refineries, or conduct repairs whenever the need arose. Where is he now? He did not tell us the model that was better than outright sale of the refineries. He just went into a long rigmarole to deceive the nation.
Well, where are we today? Nearly 14 years after Bluestar Consortium pulled out of the transaction and the refineries reverted to NNPC’s (now NNPCL) control, they have become as good as dead wood. They have not produced anything of value to this country, not a pint of petrol, despite the huge sums pumped into their maintenance and associated costs. Who are the gainers and losers in this unholy alliance of individuals against Nigeria? The same entrenched interests at NNPC or NNPCL as it is now known. And of course, the labour unions who prefer their workers earn wages for doing nothing.
Just last December, the Senate signalled its intention to open an investigation into what senators perceived as a sabotage of the federal government’s effort to revive the nation’s refineries, in spite of N11.35 trillion, excluding costs in other currencies, which include $592,976,050.00 dollars, 4,877,068.47 euros, and 3,455,656.93 pounds sterling spent on the renovation of the refineries from 2010 till date, yet they remain unproductive.
Don’t forget that just recently, the federal government awarded another contract worth a mind-blowing $1.5billion for the rehabilitation of the Port Harcourt refinery to an Italian Company, Tocnimont SPA, spanning three phases of over 18, 24 and 44 months. Let me ask the frequently asked question on the streets: who did this to our country? Only in Nigeria will you find bizarre rationale for doing stupid things like this. I can bet an arm and a leg that more than half of that $1.5billion will end up in private pockets. Our penchant for inflated cost of contracts will make allegations of corruption in other climes look like petty pick-pockets.
I challenge anyone to do the maths. In 2007, the Port Harcourt and Kaduna refineries were sold for $750 million. In March 2021, nearly 14 years after the sale fell through due to the organised public outcry, the federal government after wasting billions of dollars on several maintenance programmes, awarded a contract for the rehabilitation of the Port Harcourt refinery alone for $1.5 billion.
Fellow Nigerians, may I ask again: who are the losers in all of these? And who are the gainers? Nigeria is a country that gives and keeps on giving. Everyone is milking her but no one wants to feed her. Knowing how these people have consistently scammed this country, I am not enthusiastic that the $1.5 billion for the rehabilitation of the Port Harcourt refinery will bring about the expected results. It is a complete waste of taxpayers’ money, part of which will be repaid to Afrexim which partly financed the rehabilitation.
Now, with the rehabilitation purportedly nearing completion, NNPCL announced it had begun the search for third-party managers to run the refinery. Instead of spending $1.5 billion on rehabilitating the refinery and now looking for third-party managers to run the place, why didn’t the government just sell the scrap and the buyer or buyers can turn it around with their money, thereby saving that $1.5 billion taxpayers’ money expended on the rehabilitation and deploying it in other urgent infrastructure needs? No, because those who profit from Nigeria’s failure to function optimally only ask: “What is in it for us.”
It is not a surprise therefore that Dangote decided to build his refinery from scratch. However, the Eureka moment for Nigeria following the commencement of production by the company is tempered by NNPCL’s inability to meet its crude feedstock required to enable uninterrupted production. Interestingly, the visionary Dangote saw it coming and prepared for any eventuality. The factsheet about the refinery is very impressive. It was designed for 100% Nigerian crude, with a flexibility to be able to also process a large variety of crudes, including many of the African crude grades, some of the Middle Eastern crude grades and U.S. Light Tight Oil.
So I was not surprised when news filtered in that Dangote had purchased two million barrels of West Texas Intermediate (WTI) Midland from the United States-based oil trader, Trafigura Group, for delivery at the end of February. You see, the irony and contradictions of our situation are not for the lily-livered. And again, I asked, who did this to us?
Here is a nation blessed with enormous crude oil resources, once a major producer of crude oil, but imports all its refined petroleum needs because it pays some corrupt officials for the country to export jobs overseas rather than add value by exporting refined petroleum products. And here is a country where an individual just built the largest single-train refinery in the world of 650,000 barrels per day capacity, now having to import feedstock from the United States of America or elsewhere because of NNPCL’s inability to supply it with enough crude for refining.
As I have been made to understand, only a minute fraction (if any) of Nigeria’s current crude oil output is unencumbered by one loan facility or the other. The repayment of the recent $3.3 billion loan taken by NNPCL from Afrexim on behalf of the federal government to stabilise the failing naira is guaranteed with 90,000bpd for five years.Then there’s the forward sale agreement entered into by NNPCL with the Lekki Refinery Funding Limited (Project Bison) in September 2021 to supply 300,000bpd of crude oil for the settlement of the balance US$1.036 billion funding received for the financing of the US$2.76 billion investment in the Dangote refinery.
All these, mind you, preclude the fantastically corrupt domestic crude allocation regime operated by NNPCL under its Direct Sale-Direct Purchase (DSDP) arrangement with international oil traders, not to mention the modified carry agreements that the state-run oil firm has with the IOCs, which have all eclipsed Nigeria’s oil exports and shrunk the country’s oil forex flows.
Indeed, a recent review by Dr Jekwe Ozoemene, a Fellow of the Chartered Institute of Bankers of Nigeria, of NNPCL’s 2022 audited accounts showed that the Group has total contract liabilities on forward sale agreements – Projects Falcon, Santolina, Panther and Bison, and NLNG SPDC, NLNG TEPNG and DSDP customers – of N2.615 trillion. Forward sales – implying crude oil commitments for which NNPCL has received value but is yet to deliver crude oil. Is it any wonder that NNPCL, a minority shareholder in the Dangote refinery, cannot supply the crude feedstock needed by the plant?
Meanwhile, can anyone point to what the last administration did with the massive borrowing it embarked on? This administration has now begun its borrowing to save the naira.
Just recently, the operatives of the Economic and Financial Crimes Commission (EFCC), raided the Lagos Head office of the Dangote Group of Companies in search of documents relating to their purchase of dollars in the last 10 years. Please can anyone tell me what this was about? What did they need such documents for? Why didn’t EFCC just ask the CBN for the documents since they were so critical to its investigation? I find it curious and laughable that any serious crime-fighting body would ask the person they are investigating to come with the evidence of their guilt. Where in the world do you ask someone you are investigating to give you evidence to nail him? Does it make any sense?
Before that raid, there had been whispers that this government was not well disposed to Dangote for whatever reason. Then it found a nebulous pretext to launch its harassment of his companies.
Strangely, after storming the companies’ headquarters and disrupting workflow for hours, the operatives left without taking any document.
But this same government did not see the need to launch an investigation into all those who got forex at concessionary rates to perform Muslim hajj or Christian pilgrimage to Jerusalem.
As I have already stated, it was all about intimidation and harassment, to settle old scores. Nothing more, nothing less.
President Bola Ahmed Tinubu’s EFCC must be condemned for the gangster-like manner it raided the Dangote head office. For sure, Dangote or his companies are not above the law, so if there is any need to launch an inquiry into any suspicious activity, please, do so. But it must be done in accordance with due process and civilised standards.
The manner by which EFCC’s operatives stormed the Dangote head office sends the wrong signals and lends credence to the word on the streets that the president has an axe to grind with Dangote. As far as 1 am concerned, it did grave damage to the elusive quest for foreign investors. Those investors this government is looking for all over the world would pause and think twice before venturing here. If the country’s biggest investor, the largest employer of labour in the private sector, owning one of the largest listed companies on the Nigerian Exchange group and one of the highest taxpayers in the country and major contributor to its GDP, can be so harassed by people in government positions who have never earned anything by enterprise, then it makes sense for other investors to keep away.
In other climes, where leaders have sense, they would do everything to protect and support Dangote’s massive investments in the economy, rather than hound him. Maybe, I should state here without mincing words: It has got to the point where the Dangote Group of Companies can be classified as a national security asset with business presence in cement, fertilizer, sugar, salt, petroleum refinery, rice production, construction, port operations, automotive, real estate, mining, transportation, logistics, agriculture, etc. Indeed, what TATA is to India is what Dangote has become to Nigeria. It is Nigeria’s own answer to India’s TATA. It projects Nigeria and Africa to the world positively regardless of our bad leaders.
The late Lebanese-American poet and philosopher, Kahlil Gibran captured the Nigerian tragedy so succinctly in his poem, The Garden of The Prophet:
“Pity the nation that is full of beliefs and empty of religion.
Pity the nation that wears a cloth it does not weave
and eats a bread it does not harvest.
Pity the nation that acclaims the bully as hero, and that deems the glittering conqueror bountiful.
Pity a nation that despises a passion in its dream, yet submits in its awakening.
Pity the nation that raises not its voice save when it walks in a funeral, boasts not except among its ruins, and will rebel not save when its neck is laid between the sword and the block.
Pity the nation whose statesman is a fox, whose philosopher is a juggler, and whose art is the art of patching and mimicking
Pity the nation that welcomes its new ruler with trumpeting,
and farewells him with hooting, only to welcome another with trumpeting again.
Pity the nation whose sages are dumb with years and whose strongmen are yet in the cradle.
Pity the nation divided into fragments each fragment deeming itself a nation.”
Indeed, this country deserves to be pitied.
THERE are civilian or constitutional coups in Guinea Bissau and Senegal, yet the regional body, the Economic Community of West African States, ECOWAS, is pretending otherwise. It appears interested only in military coups, not those carried out by its bosses in the Heads of State Summit.
Yet, the ingredients of a coup are present in both countries where the constitution is subverted, the President assumes dictatorial powers, parliament is illegally banned as is the case in Guinea Bissau or emasculated as in Senegal, and the judiciary is under siege to do the bidding of the President.
Guinea Bissau, when it was one country with Cape Verde, produced Amilcar Cabral, one of the greatest Pan Africanists in history. Tragically for Africa, on January 20, 1973, Cabral at 48, was assassinated in Conakry, Guinea in a conspiracy linked with the PIDE, the secret service of then colonial master, Portugal.
However, the African Party for the Independence of Guinea and Cape Verde, PAIGC, which he led, survived, and led the country to independence. But the country has been plagued by violence and coups leading to Cape Verde breaking away on January 20, 1981.
On December 20, 2019, retired General Umaro Sissoco Embalo, a former Prime Minister, defeated the PAIGC candidate , Domingos Simoes in a disputed presidential election.
In May, 2022, President Embalo carried out a constitutional coup by dissolving parliament citing “persistent and unresolvable differences” with the parliament. Rather than ECOWAS sanctioning him, it elected Embalo, two months later, as the Chair of the Authority of Heads of State and Government of ECOWAS!
On June 4, 2023, the opposition coalition, the PAI Terra Ranka, led by the PAIGC, swept the parliamentary elections. But President Embalo refused to allow it function.
On December 4, 2023 Embalo again dissolved the parliament, claiming the Speaker, Domingos Simoes, wants to overthrow him. He also put the Supreme Court and its president under armed siege, forcing the latter to “resign”.
Despite these civilian coups by a man who was the sitting Chairman of ECOWAS, the regional body has kept mute in cold complicity. But ECOWAS will yell, if there is a military coup.
Senegal is the only West African country fortunate to have escaped a military coup. A 2012 attempt by President Abdoulaye Wade to run for an unconstitutional Third Term, was resisted, and Macky Sall was elected. In turn, Sall decided to run for an unconstitutional Third Term which in June 2023 led to street protests with 16 killed. Sall backed down, but got opposition leader Ousmane Sanko out of the race by getting him convicted.
However, as the February 25, 2024 presidential election approached, Sall decided on February 3, to extend his stay in power by indefinitely postponing the election on the basis that there is a dispute over the candidates list,
But the issue of the presidential candidates of political parties is the business of the party, electoral body and the courts, not the President of the country.
Unfortunately, ECOWAS, which has a reputation of chasing shadows, would not tell Sall the truth or defend constitutional rule. Rather, it same day, sanctioned Sall’s illegality by accepting the postponement . In its Saturday, February 3, 2024 statement, ECOWAS accepted the postponement and tamely appealed to the Sall Gang to “expedite the various processes in order to set a new date for the elections”.
Then it praised Sall: “The ECOWAS Commission salutes President Macky Sall for upholding his earlier decision not to run for another term and encourages him to continue to defend and protect Senegal’s long-standing democratic tradition.” Incredible! First, it was not in Sall’s place to decide not to run for a Third Term; it is a constitutional limit.
Also, Sall actually shed the blood of Senegalese who protested against his initial attempt to run in violation of the constitution. So, a serious ECOWAS, rather than praise him, ought to demand that he answers for the murder of pro-democracy Senegalese on the streets.
This ECOWAS statement which “…encourages him (Sall) to continue to defend and protect Senegal’s long-standing democratic tradition”, unfortunately presents Africans as idiots . This is because Sall, rather than defending and protecting the democratic tradition, is actually, endangering it. In fact, Sall is the greatest danger to democracy in Senegal.
Then after renewed street protests, the Senegalese Parliament met on Monday, February 5, 2024 on the indefinite postponement. During sitting, security forces removed by force, parliamentarians opposed to the postponement. Then rather than restore the electoral calendar, what is left of that parliament, endorsed Sall’s decision to illegally extend his tenure, by postponing the presidential election by ten months. This, of course, might be an initial date as it can always be postponed.
Rather than be concerned about the non-democratic postponement and its implications for democratic governance, ECOWAS, the next day, issued another of its pathetic statements.
Where even the United States which is not known to be a Sall antagonist, declared that the Senegalese National Assembly vote “…cannot be considered legitimate given the conditions under which it took place”, ECOWAS chose to be silent on the undemocratic process. Rather, it took refuge in bland sermons, reminding “…the population and the political class of their responsibility to maintain peace and stability in the country”.
To show the ECOWAS mindset and its lack of principles, it ended its second statement with a pledge to “…take all necessary steps to support the government and people of Senegal in their efforts to sustain the country’s democratic tradition”. How can ECOWAS pledge to support the subversive Sall government in Senegal that has no regard for democratic cultures, the will of the people and their human rights?
So, if tomorrow, such a government is overthrown, ECOWAS will be shouting about democracy and the sanctity of the constitution when it is actually in connivance with the Sall regime to subvert the constitution and democracy in that country.
In 2016, following Gambian presidential election, there was a dispute between incumbent President Yahya Jammeh and opposition leader, Adama Barrow. ECOWAS on January 19, 2017 sent a regional military force, the ECOWAS Mission in Gambia, ECOMIG, to force Jammeh out. It was tagged ‘Operation Restore Democracy’. When the over 4,000 ECOWAS troops, mainly from Senegal reached Banjul, Jammeh stepped down and left the country. The ECOWAS then installed Barrow who had been sworn in as President, not in the country, but in the Gambian embassy in Dakar, Senegal.
The Gambian situation is way better than what is going on today in Senegal. At least in the case of the former, presidential election held, while in that of the latter, presidential election is being prevented from holding. Yet, ECOWAS is engaged in double speak and ambivalence.
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A vibrant former member of the House of Representatives, he stood strong,
A voice of reason, in the chaotic throng.
His path and I intertwined with Chief E. K. Clark,
Fate's hand at play, a connection from the dark.
Passionate and pragmatic, his heart ablaze,
For Nigeria's progress, in myriad ways.
From the halls of power, to healing hands,
He served his nation, with unwavering stance.
A football match, a moment of delight,
Yet destiny's twist, cast shadows in the night.
While patriotically watching Nigeria and South Africa contend,
His earthly journey met a sudden end.
But let us not mourn, for his spirit shall remain,
In the hearts he touched, where memories sustain.
For Dr. Cairo Ojougho, a legacy profound,
An epic tale of a life that will resound.
I raise my voices in a nostalgic song,
To honor his life, vibrant and strong.
May he find eternal peace in realms above,
Embraced by love, surrounded by divine love.
Farewell, dear Dr. Cairo, your race is run,
Your flame may have dimmed, but your legacy's begun.
In the annals of greatness, your name shall thrive,
A cherished soul, we'll remember as we strive.
-Dr Olukayode Ajulo, OON, SAN
As the troubled Economic Community of West African States (ECOWAS) convenes its Ministerial Council meeting in Abuja on February 8 to discuss the quit notice served by three of its members – Mali, Burkina Faso and Niger – the situation in Senegal might well be the elephant in the room.
Three weeks to the presidential election earlier scheduled to hold in that country on February 25, President Macky Sall announced that the election had been postponed, without immediately giving a new date or any believable reasons. After a wave of protests, he instigated the Senegalese Parliament to announce December 15 as a possible new date.
It’s not the postponement that will worry ECOWAS leaders as ministers meet in Nigeria, where presidential elections have been postponed twice in the last 10 years even on the eve of voting; it’s Sall’s recent shifty habit – first eying a third-term and then denying it, followed by his government’s crackdown on opposition candidates.
The problem in Mali, Burkina Faso and Niger — three delinquent countries that have accused the community of complicity and negligence in its obligations and signalled an intention to quit — is bad enough.
That threat alone has not only put trade in the community estimated at $208.1 billion at risk, minus informal trade amongst citizens which constitutes about 30 percent of the transactions; it also threatens to complicate the security situation in the subregion that is already facing serious problems from violent extremism and banditry.
Hypocritical oath
A politically unstable Senegal is the last thing that the community needs at this time. Of course, it’s unlikely that the situation in Senegal will feature at the ECOWAS meeting, where an allegiance of hypocrisy, elegantly called the principle of “non-interference”, forbids members from telling one another the truth.
The point, however, is that the resurgence of military rule in a number of African countries today, particularly in Mali and Burkina Faso, is partly traceable to blatant disregard for constitutionalism, the rule of law, and rigged transitions – the sort of bad habit that Sall is showing in his old age.
Sall looked like the most unlikely candidate for this nonsense. In some ways, he reminded me of Senegal’s founding president, Leopold Senghor – urbane, intellectual and sensible. A geologist and widely travelled man, Sall built his way up from the bottom of the political ladder. Although he started his journey as a minister under former president Abdoulaye Wade, he soon returned to his base where he took up position as mayor of his hometown.
He took up other ministerial positions later on and also became the president of the country’s parliament. He fell out with his mentor, Wade, after he dragged Wade’s son to parliament to answer corruption charges. But his quarrel was not personal.
Sall seduced
Senegal was drifting, the cost of living was rising and infrastructure collapsing. Wade’s answer, if he had any, was to attempt to bend the constitution to extend his rule. Sall rallied the opposition. At a stage, the Parti Democratique Senegalais (PDS), where Sall had risen to become prime minister, could no longer contain Wade and Sall. He broke off to form his own Hope Alliance on which platform he challenged Wade in the 2012 presidential election and defeated him, with the assistance of a coalition, after a run-off.
This same Sall, who is losing his way and dragging his country along with him, set a high mark when he assumed office. He cut the size of his cabinet as he had promised, ploughed funds into the renewal of infrastructure and even made a proposal to parliament that would have reduced his term from seven to five-year two-term limit!
Strong arm tactics
All of that now appears to have been in the former life of a fairytale. As Sall’s reset two terms of 12 years neared its end, he slowly became the worst possible version of Wade, toying with an extended tenure and hounding the opposition with a number of his strongest opponents, including Ousmane Sonkoh, who has now been bumped off the trail on contrived charges. Sall, in short, has been seduced by what he hates.
ECOWAS will not be bothered if Sall changed his mind by December and sought an illegal third term. In the last four years, two regional leaders wangled illegal tenure extensions – Alpha Conde of Guinea and Alassane Ouattara of Cote d’Ivoire. The first didn’t quite get away with it after soldiers struck and removed him from office, setting off the region’s coup spiral; while the second is the current host of the African Cup of Nations (AFCON).
Perhaps if there’s one person left in the community on whom the burden falls to whisper to Sall that this is not the Senegal that we used to know, it’s Nigeria’s President Bola Ahmed Tinubu. As surely as a stumble imitates a fall, the signs from Dakar are those that presage what could become a full-blown political crisis for the region if left unattended.
Tinubu, who promised to promote a coup-free region when he assumed office as chair of ECOWAS last year, cannot afford another country added to the regional coup belt. The same way he requested regional leaders at a meeting in Abuja to give George Weah a standing applause for the exemplary transition in that country, he needs to pull Sall’s ear, behind closed doors, and ask him to stop playing games.
For ECOWAS to achieve the African Union (AU) objective to Silence the Guns in Africa by 2030, the community must pay attention to the underlying factors that breed resort to guns violence, a few of the obvious ones being rigged elections, suppression of dissent, and the rule of strongmen. When regional leaders like those in the delinquent states complain that the community is insensitive to problems caused by Western or foreign meddling, it’s the elite, like Sall, that open the door enabling such meddling.
Oasis in jeopardy
An oasis of stability and a shining light in a highly politically volatile region, Senegal was one of the few countries on the continent that others looked up to. According to Martin Meredith in his book entitled, The Fortunes of Africa, “Over the course of 150 elections held in 29 countries between 1960 and 1989, opposition parties were never allowed a single seat. Only three countries – Senegal, Botswana and the tiny state of the Gambia – sustained multi-party politics, holding elections on a regular basis that were considered reasonably free and fair.”
That’s the reputation that Sall threatens to drag in the mud. Tinubu needs to remind Sall that it was he, Sall, and Nigeria’s former President, Muhammadu Buhari, who led the regional response to flush out Yahaya Jammeh in neigbouring The Gambia when Jammeh was on the verge of disrupting the outcome of the elections there because they did not favour him.
By railroading a 10-month postponement of elections through Parliament, Sall is obviously hoping to succeed where Wade and Jammeh failed. And he doesn’t care the cost. But ECOWAS should. The community cannot afford to wait until Senegal becomes another basket case before weighing in.
The mismanagement of crisis of nation building in most post-colonial African states created without rhyme or objective criteria by self-serving imperialist powers has always been the source of disintegration of many of these states. The owners of these new states created to satisfy the greed of their colonial owners had no illusion. In deed many of their local public officials including Oliver Stanley, predicted their departure will result in a descent into turmoil of warring groups, outright civil wars and underdevelopment.
Unfortunately, those who have the historic opportunity to change the narrative including Yakubu Gowon, Olusegun Obasanjo and Muhammadu Buhari did everything except revisiting the unresolved national question. But because of President Tinubu’s many years of preparation for his current job, Nigerians had expected him to take the first step towards a national rebirth by ensuring distributive justice through resettlement of those condemned to IDP camps by terrorist that have been identified as immigrant Fulani herdsmen back to their ancestral homes.
Unfortunately, as if it were possible to do the same thing over and over again and expect a different result, Tinubu like his predecessors, chose to focus exclusively on the ‘economies of the national question’. The result is that even with the new Sheriff in town, mindless killings, banditry and kidnapping for ransom continued in Plateau and other parts of besieged northeast and northwest. With last week’s killings of three Obas and kidnapping school children from his otherwise safe Yoruba nation that had hitherto provided succour for those fleeing violence from other troubled areas of the north, the battle has finally been brought home to him.
With what now appears to be an open challenge to his legitimacy, it is hoped the president understands it is time to stop playing the ostrich especially as regards immigrant Fulani terrorists and behave like an elected sovereign with a license to breach the constitution, if necessary, to protect the nation from those holding her hostage.
On the unresolved national question, the president has so far aligned himself with those who believe attainment of economic justice i.e. “Ensuring equitable allocation of resources and effective and sustainable production and distribution of appropriate goods and services is the ultimate solution to the national question”. The promoters of this approach led by Professor Dupe Olatubosun, formerly of NISER and a United Nations Consultant for many years and his fellow school of thought had argued that “promoting efficiency within existing structure will usher in all round prosperity and life abundant for all the people of Nigeria which will in turn lead to peaceful and equitable cohabitation of the various communities in Nigeria”. (The economies of the national question in Dupe Olatunbosun: An Autobiography (2005) pg. 175.
Unfortunately, today 24 years into the fourth republic, we are more divided than we were in 1999. Instead of ‘life abundant for everyone’, Nigeria has become world poverty capital. The problem with proponents of this approach is the assumption that every nationality wants life abundant for its people. Although, while they admitted we are a multicultural and a heterogeneous society, they however ignored the fact that it is the level of cultural development that determines if the ruling political elites create an egalitarian society or seek power to preside over an empire of slaves.
There is a competitive spirit in every Igbo man which makes him believe he could, with hard work, become a Coscharis (Cosmas Maduka, Kalu Uzor Kalu or Rocha Okorocha, Igbo multibillionaires who started by hawking on the streets. For the average Igbo man therefore, it is self, first.
The north remains the poorest part of Nigeria despite monopoly of power for the greater part of our history. The north harbours more than two-third of Nigeria estimated 15million of out school children while their political elites send their children to the best schools in the world. Rather than a crusade for ‘life more abundant’ for the impoverished people of the north, the goal of the northern ruling elite is presiding over an empire of slaves.
The South-south political elites especially the Ijaw, the fourth largest ethnic group in the country, share the same world view with the north they had aligned with since independence. Their leading light include the likes of Alfred Diete Spiff, governor of Rivers in his twenties and remembered more for shaving with a broken bottle, the head of a reporter who ran a story about the governor’s inability to pay salaries of teachers on the occasion of the governor’ birthday. It turned out that was at a time he was cruising around the Atlantic Ocean in his private ship according to Murtala Muhammed regime that demoted and retrieved a number of properties from him. We remember Peter Odili who secured a perpetual injunction against probe for financial malfeasance against his state by EFCC. There was the late Diepreye Alamieyeseigha who escaped arrest and prosecution in Britain for defrauding his state by disguising as woman while on a flight to Nigeria. We can add James Ibori who served a jail term in Britain for defrauding his Delta people as a governor.
And if Tinubu needed additional reasons to know the answer to our crisis of nation-building is politics, the ongoing conspiracy of dubious bank owners to derail his government through foreign exchange manipulation provides just that. The time to placate them is over.
Professor Bolaji Akinyemi, our former foreign affairs minister once said that most Nigerian billionaires made their money through government. From the revelations from the ongoing probe of Emefiele’s leadership of the CBN, isn’t it time we beam light at the source of wealth of those who without inheriting industrial empire from their parents’ bought banks and today leave like film stars?
Yemi Cardoso, the current CBN governor last Monday told the nation that the Tinubu government met $7 billion in unpaid obligations and that the results of Deloitte forensic audit of what is valid or not, revealed that: $2.4 billion had issues including not having valid import documents; that entities that did not exist got allocation; entities who asked for forex got more than they asked; and that entities that did not ask got allocations. All these went through the banks that are currently engaged in foreign exchange speculation that has moved the exchange rate from about N750 to N1,400.
Do we need further explanation as to why some of these banks are declaring such huge profits that will make bankers in Europe and America green with envy?
It is on record that two-third of staff of the banks declaring profit in trillions pay slave wages of about N75,000 to their workers. President Tinubu, as an elected sovereign can borrow a leave from Niccolo Machiavelli, the apostle of politics of ‘the end justifies the means to charge the forex speculators trying to sabotage his economic policies for defrauding their workers.
The president’s other political battle over the national question is restructuring or devolution of power. There is no known multi-ethnic nation in the world that has survived by operating a federal constitution where close to 70% of the items are on the exclusive list. With about 23 states already managing one form of security outfit or the other, the time for state police is now. Local people are best at providing security for themselves even if elder statesman Theophilus Danjuma did not accuse the military and federal police of betrayal.
At a recent function in Abuja, Vice President Kashim Shettima expressed his disappointment that some Nigerians would rather be amused by the free fall of Naira value than pour ashes on their heads. According to him, “It is not only disheartening and disenchanting but also heartbreaking that yesterday when the Naira culminated to N1,500 to the dollar, instead of us to coagulate into a single force and salvage our nation economy, sadly, some clowns are celebrating on Twitter of an impending implosion of the Nigerian economy.” Look, if any clown here badly needs help recognising what he truly is, it is Shettima himself.
When insecurity was rife in Nigeria under the Goodluck Jonathan administration, Shettima did not think it was necessary to “coagulate into a single force” to save the country. He, and a set of fellow governors, took off for Washington D.C., to “report” their president to foreign agents. Now that he faces a similar bad situation as vice president, he expects to reap the understanding he never sowed. Who exactly does he expect to bunch up and help him solve the problem of Naira depreciation? This time last year, the same Shettima was all over the place campaigning for votes and—with an admixture of outlandish promises and insults to opponents—swore they would turn our earth to heaven. Now you finally have the chance to live up to your promises, you are sourcing the wisdom you need to lead from those you defeated? Yeye man!
Shettima is not the only joker looking for those who will help them do their job. Another one of that tribe is their party spokesman, Felix Morka, who asked opposition parties to go beyond condemning the APC administrative impotence and share solutions to Nigeria’s problems with them. In a Tuesday interview on Channels, Morka said, “One of the concerns we have is that opposition is not about condemning. So, it is not enough to just condemn. These leaders should be able to – assuming they have that silver bullet that they say the government is not deploying – point it out.”
If a plaque is to be handed out for halfwit clowns with poor memory, Morka should be the uncontested winner. He seems to have forgotten—and so quickly too—that the whole of his party’s opposition before they made it to Aso Rock has never consisted of anything but condemnation. Nothing—I repeat, nothing—the PDP and the LP are doing today comes close to the acerbic and vituperative activities of the APC when they were the opposition party. In fact, the PDP and LP cojoined are relatively tame—and lame—compared to the toxicity of just Morka’s predecessor Lai Mohammed alone.
So now Morka expects the opposition parties who want to take their place to give the APC the very ideas the APC needs to stay in power forever? Clown! In case he has never pondered on their party’s antecedents, he should be reminded that the APC itself has never offered Nigeria a model of political opposition that is composed of either solution-finding or even respectful conveyance of an ideological position to authority. Every intellectual agenda and moral vision the APC ideologues and “Lagos boys” ever offered were all cash-and-carry projects funded by their leader who needed to sell himself as Chief Obafemi Awolowo reincarnate. That is why, on the occasions they have won national elections, the first thing they abandoned were those very ideas on which they built the APC’s so-called “progressive” character.
Eight years under Maj. Gen. Muhammadu Buhari (retd.) stripped some of the biggest names in their party of all mystique, revealing them to be mere blowhards. While some were able to dodge some criticism by claiming they were sidelined under the Buhari administration, nothing has changed now that they are the chief occupiers of Aso Rock. In virtually every sphere, people are groaning under the weight of oppression. The government has not officially admitted it, but they too seem perplexed by the Nigerian situation.
Things are getting out of hand, and there is palpable fear everywhere that when people get pushed to a point where they have exhausted their options, they will resort to the language of the unheard: violence. On Monday, hundreds of residents of Minna, Niger State, and Kano, Kano State, publicly demonstrated the unbearable cost of living occasioned by the Naira devaluation. The surprise is not even that some people protested, but that everyone is not yet on the streets doing the same.
With Nigerians exposed to the harsh vicissitudes of global economics, the cost of living has spiralled out of control with barely any mitigating measures. The minimum wage remains N30,000 (about $20) and people can barely afford basics such as food, healthcare, energy, medicine, transport costs, energy, etc., let alone the little things that make life pleasant. Families everywhere are watching their purchasing power tanking and the quality of their lives depreciating. These are tough times, and they have been indefinitely extended.
Speaking of tough times, Tinubu’s New Year speech already enjoined Nigerians to maintain a steel resolve in the face of adversity. He said, Dear Compatriots, take this from me: the time may be rough and tough, however, our spirit must remain unbowed because tough times never last. We are made for this period, never to flinch, never to falter. The socio-economic challenges of today should energise and rekindle our love and faith in the promise of Nigeria….
In the history of presidential speeches given during a national crisis, this one must rank very high among the most tone-deaf. Trite and out of touch with reality, it came out insensitive. It is not that hard for a man ensconced in the lush surroundings of Aso Rock and who will never know the pain of hunger, deprivation, and frustration to say “we” (and please note the use of corporate pronoun by someone who lives—and has always lived—on public resources) are made for tough times, never to flinch and never to falter. He—or the speechwriter who composed the uninspiring prose—must assume that our Nigerian skins are overlaid with leather hides and can therefore indeterminately endure the lash of hardship.
Imagine a president who still takes a “private visit” to France amidst the grinding poverty in his country telling us that desperate situations should enhance patriotism. When it comes to suffering, they will expect Nigerians to demonstrate patriotism and unity. When it is time for pleasure, they experience that alone. The dissonance between his speech and executive action reminds you of every charlatan cleric living off the sweat and blood of his congregation while telling them that their “suffer suffer for world” will lead to “enjoyment for heaven.”
Even his own ardent supporters, some of whom resorted to name-calling the Yoruba people who did not support Tinubu’s presidential ambition, are now regretting their support for him. Things are that bad, yes. It is easy—cheap, actually—for a man who does not have to look at the faces of his children and tell them why he cannot live up to his responsibilities because he does not have money to tell other men that their descent into poverty should enhance their patriotism. If not because we are supposed to respect our leaders, the mindset that people should swallow the pill of tough times with patriotism alone qualifies Tinubu to be called another APC “clown.”