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Opinion/Feature

If I were Tinubu 3: Setting a Tinubunomic agenda – Part 1

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#NigeriaDecides: Tinubu Defeats Atiku In Jigawa, Wins 19 Of 27 LGAs

By Segun Adeleye

 

‘When the righteous are in authority, the people rejoice: but when the wicked beareth rule, the people mourn.’

 

To say things are tough in Nigeria will be an understatement, with fuel scarcity, naira redesign crisis, bad roads, poor power supply, joblessness among others things that make life miserable for citizens.

 

When COVID-19 hit the world in 2019, there was nothing like it in recent history as people were locked in their homes with little or no food, while government palliative measures in Nigeria to send food to homes failed. It was later discovered that some people hoarded food, waiting for the right time to sell and profit from the mysteries of fellow citizens.

 

Now fast forward to 2023. It was a bigger crisis created by the central bank in an attempt to redesign currencies and withdraw the old ones just few weeks to a national election that will produce new set of leaders that will serve for another four years.

 

As if the central bank got its research wrong that the volume of new currencies to replace the old ones being recalled would not adequately go round, the cash shortage crisis that resulted brought the entire economy to its knees, with small businesses closing down, hunger hitting homes while protests erupted across the country as banks closed down with no cash to disburse and the fear of being attacked.

 

Not a few people believe that the naira redesign crisis is worse than COVID-19 with the perennial fuel scarcity and power outages no longer seen as major contenders for the afflictions of the African most populous country.

 

From the International Monetary Fund’s World Economic Outlook for October 2022, Nigeria economy didn’t grow and perform as expected due to structural economic shocks and challenges brought about by the global fall in oil prices, which was a fall-out of the Russia-Ukraine war.

 

Nigeria’s economic potential is said to be constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity.

 

Other similar reports had traced Nigeria’s biggest economic problems to corruption, poor human development, over-dependence on crude oil, crime and terrorism, low export earnings, high rate of unemployment, lack of infrastructure among others.

 

With high inflation which hit 21.91% in February 2023, taking a toll on household’s welfare and high prices said to have pushed an additional 8 million Nigerians into poverty, the country is ranked 103 out of 121 countries in the 2022 Global Hunger Index (GHI), a position that signifies a level of hunger that is serious.

 

World Bank in its 2022 Poverty and Prosperity Report said Nigeria contributed three million people to global extreme poverty, while the country is “home to a large share of the global extreme poor.”

 

This is the economy that the President-elect, Asiwaju Bola Tinubu is going to inherit with unemployment rate of 32.1%, public debt at 36.6% of GDP together with a population of over 200 million, majority of who will try everything possible to escape to other countries where they believe that things can never be this bad.

 

PRODUCTIVITY

 

Nigeria’s national productivity growth rate has been low due to what observers linked to infrastructure deficit, unemployment and youth challenges, constant strike actions, brain drain, corruption, insecurity, poor workers’ attitude to work. Up to 80 percent of workers are said to be employed in sectors with low levels of productivity—agriculture and non-tradable services, which means that the kind of jobs needed to generate income growth and lift many Nigerians out of poverty are not available in large numbers.

 

A major problem facing the economy is the neglect of the manufacturing sector, with the country not producing enough, for both local consumption and export, with statistic showing that non-oil exports as a share of non-oil GDP averaged 1.3 percent while manufactured goods as a share of total exports remained low at 5.2 percent in 2021.

 

The Tinubu administration will be expected to develop an economic agenda with a practical strategy on how to structurally transform the economy, moving labor and economic resources from low productivity sectors to high productivity sectors.

 

To implement policies that will deliver an inclusive and competitive economy, first, it may have to rattle feathers in getting professionals to head all the strategic government agencies which are currently headed by mediocrities. It will definitely create bad blood among those that have seen such jobs as their birthrights, but the assurance of a greater opportunity in an expanded economy that will profit all should assuage any aggrieved interest with entitlement mindset. If the economy is productive and people are earning healthy wages in the private sector, the rush for government jobs and appointments will definitely drop. But under no disguise must any of the strategic government agencies be manned by unqualified persons again.

 

STARTUPS AND JOBS

 

Data from the National Bureau of Statistics indicated that unemployment and underemployment rates increased to an all-time high of 56.1 percent in 2020, pushing 133 million Nigerians into multidimensional poverty with economic growth not inclusive as it faced key challenges of lower productivity, weak expansion of sectors with high employment elasticity.

 

Getting the youths to work must be an immediate task for the new government and will be driven by fixing productivity through combinations of policies that cut across some strategic sectors of the economy. With a population of over 200 million, it’s obvious that a weak manufacturing base can only yield foreign exchange shortages, limited number of jobs created to accommodate workforce entrants, and an import bill that can hardly be met by export earnings.

 

Starting with national registrations of all unemployed youths across the country through dedicated local government centers, the policies that will get them engaged should explore opportunities in strategic sectors such as blue economy, energy , digital economy, mining, sport, agriculture and tourism, and get them to seamlessly access the Nigeria Youth Investment Fund approved by the outgoing government to support entrepreneurship for the over 68 million Nigerian youths between ages 18 and 35. This will instantly have impact on getting the youth to start doing business. The new entrepreneurs will need trainings, mentorship to grow and this can be provided by the well established ones including the multinationals which must be mandated to deliberately accommodate them for an agreed period, even if it will be at the expense of subsidy and tax incentives from government.

 

Many startups that need to be encouraged by the coming government are currently springing up in Nigeria, developing technology to fix identified problems in payment systems, insurance, agribusiness, e-commerce among others. The beauty of their emergence is that their concepts are globally acceptable, making them eligible to expand to other countries while attracting foreign exchange and creating new jobs.

 

Very laudable is the latest $600 million Investment in Digital and Creative Enterprises (i-DICE) Programme with funding from the African Development Bank (AfDB), the Islamic Development Bank (IsDB), the Agence Française de Développement and FG through the Bank of Industry to support young Nigerians ranging from ages 15-35 who are entrepreneurs at the early stages in creative, innovative and technology-enabled ventures.

 

I attended a forum sometime when an expert said that if the government can provide a grant of just $100,000 each for 100 youths, they will be capable of solving the nation’s economic problems in the medium and long term.

 

The incoming government should explore similar initiatives to raise funds to encourage more startups that will be building solutions to solve identified problems that are still numerous in Nigeria because it’s still an underdeveloped economy.

 

OIL AND GAS

 

Even though oil and gas is going out of fashion globally with migration to clean energy, Nigeria will still need all it can get in the short and medium term from oil to industrialise its economy.

 

The President-elect will need the right professionals to run the oil industry. Specifically, there will be a need for a total overhaul of the system. The new NNPC Limited should be made to advertise the positions of its CEO and other top directors to attract the right professionals from all over the world. If a small Nigerian independent energy firm, Seplat Energy Plc with assets which cannot be up to 1% of NNPC can be so profitable to the extent of declaring $951.8 million revenues for 2022, there is no reason why the national oil company which has always been declaring losses should not be making over $100 billion in a year.

 

It is also very important that the government must do everything possible to provide incentives and attract investors for the realization of the Trans Atlantic gas project that will take Nigerian gas through North Africa to market in Europe.

 

There will also be a need to remove fuel subsidy at the early stage of the administration as the commodity is no more available at the subsidized price, couple with the associated scarcity, but government must deliberately develop a scheme to subsidise transportation cost for the indigent people that will be mostly hit by economic hardship. A specialized e-card can be issued for them to access subsidized transportation services for a period of time.

 

While ensuring effective management of the oil and gas assets for the nation to receive commensurate returns, the oil industry must be made to adopt the right energy transition strategy so that the nation will not miss the opportunity to be a leader in clean energy without becoming the dumping ground for foreign technologies in the long term.

 

In extension, the mining sector must receive the necessary attention for it to live up to its potential. Law must be reviewed to end illegal mining which has been the bane of the sector.

 

AGRICULTURE

 

It was not until the recent invasion of Ukraine by Russia that it dawned on many that the country of only 43.79 million is the leading food basket of the world. It accounts for 10% of the world wheat market, 15% of the corn market, and 13% of the barley market. With more than 50% of world trade, it is also the main player on the sunflower oil market.

 

Nigeria with a total of 79 million hectares of agricultural land and only 44% being cultivated should naturally be the food basket of Africa. But not only that it’s failing to fulfill this purpose, it’s contending with an annual food import of $20 billion.

 

There are some exportable agricultural products that keep on having growing global demands which Nigeria has the right climate to produce to quickly bridge its foreign exchange gap in few years.

 

A list of items with high global demand that Nigeria can exponentially raise its cultivation and export includes; ginger, cocoa butter, rubber, palm kernel oil, textiles and garments, gallstone, sesame seed, garlic, yam tubers, charcoal, cotton, cassava floor, cashew nuts, honey among other.

 

With over $40 billion earnings from crude oil but mere $10 billion from non-crude in 2021, it’s interesting to note that Nigeria can be positioned to capture a major slice the global sesame oil market which is anticipated to expand to $ 10.7 billion over the 2021-2031 period; cassava starch is projected to reach $66.84 billion by 2026; cashew is estimated to reach $10.5 billion by 2031; ginger is projected to reach $7.53 billion by 2028.

 

The Tinubu government can return to agriculture and make it the number one foreign exchange earner for the country by attracting investments and partnering the state governments based on the agricultural products they are the best at. The farm settlements that the government will promote should be mechanized, modernized with all amenities in the cities such as sporting and recreation centers with cable TV among others to attract youths and help solve unemployment problem.

 

 

*Segun Adeleye is the President/CEO, World Stage Limited; Creator, OELA Music; Author of ‘So Long Too Long Nigeria’ and Founder/Chairman, Segun Adeleye Foundation for Good Leadership in Africa (SAFFGLIA).

Opinion/Feature

Okpebholo’s Unshaken Drive To Recover Edo’s Stolen Assets

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By Fred Itua

Wednesday, February 5th, 2025, could best be described as a day of gloom in Edo State, and indeed, our country, Nigeria! It turned out a black Wednesday as mind blogging, heart rending, and unbelievable revelations were brought to light.

Gloomy enough to declare for a state wide mourning, with all residents dressed in sack-cloths, covered in ashes as they mourned the depth of plundering, mind-bogging looting, heartless shady deals, lack of transparency and institutionalisation of corruption by the Godwin Obaseki led administration.

While many often taunted the immediate past administration of Obaseki as an MoU government, known only for rhetorics and no action, not many (if any) would have envisaged or imagined the level of fraud and corruption that took place under his watch as governor of Edo State.

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Submitting its findings contained in 3,900 pages to the incumbent Governor of Edo State, Senator Monday Okpebholo, the Edo State Assets Verification Committee, a body set up on the 26th November, 2024 to assess government’s assets and liabilities, unveiled a can of worms and shady dealings perpetrated by former Gov Obaseki and his cronies that would make any conscientious citizens cringe in holy indignation.

From the reports, one thing became glaring and obvious – Obaseki ran Edo State like a mafia, and his mission resonates with the first part of John 10:10; “to steal, to kill and to destroy”, and that, he did.

Like a ravaging demon, he embarked on a plundering spree, and today, the state bleeds from his satanic kind of looting.

With over 900% increase in the official debt profile of the state (from N84b in November, 2016 to N682b in November, 2024), Obaseki, a self-proclaimed financial expert and economist, made rubbish of his profession with his clear lack of financial discipline, and outrageous financial dealings.

What is even more outrageous and annoying, is the fact that, these monies were borrowed only to be redirected into the pockets of his friends and allies in the name of consultancy, shady deals and inflated projects whose procurement processes were shrouded in secrecy.

His personal company, Afriinvest, and that of his godson, Asue Ighodalo, played prominent roles in this demonic order.

In an unprecedented and very worrisome manner, State funds were used to build structures and infrastructure and handed over to private individuals/companies with no record of financial commitments.

For example, after committing N19b of Edo State taxpayers money in constructing Radisson Hotel, Obaseki’s administration ceded away 80% of the ownership to Tribury House Ltd, a private company registered in 2024 with no single financial commitment to the project.

Within December 2022 and July 2025, Obaseki’s government paid N967 million as consultancy fees to Tanit Engineering to supervise work at the Stella Obasanjo Hospital. Yes, you heard right! N967 million not for the project itself or to purchase equipment but just to supervise work at the hospital. Even more chilling is the revelation that the procurement process in this bid was restricted to only one company – Tanit Engineering…. Who owes Tanit Engineering?

EdoBEST program, which many have now nicknamed, “EdoSCAM” was not spared in this looting spree, as the heartless, looting “general” disguised as an investment banker and technocrat serially raped the state educational sector blind, while gloating in self-deceit as he continually reeled out superfluous claims to the general public. Like one drunk in his own deception and foolishness, Obaseki embezzled the funds meant for EdoBEST, while our children and teachers suffered in harsh learning conditions.

The chilling discovery that Obaseki only remitted $5m out of the $75m released by the World Bank for basic education reforms and renovation of schools to SUBEB is not only nauseating but outright wickedness. Withholding a whopping 93% of funds meant for Edo pupils and students, Obaseki demonstrated an unusual high level of lack of empathy for the Edo child.

It is disheartening that the same man that swore on oath to protect the vulnerable Edo child stole and took that which belonged to the same child.

Time and space would fail me to talk about the many atrocities of the Obaseki-led administration as revealed in the 3,900-page committee’s report.

Is it the dirty racketeering at the demolished iconic Central Hospital valued at N5b, which now houses a private museum whose ownership is shrouded in secrecy despite Edo State Government providing all the funding? Or the road contracts in which kilometers of roads were inflated and contractors paid huge sum of money, negating the procurement laws of the state?

Three months after leaving office, the Edo State Civil servants still develop goosebumps at the mention of the name, “Obaseki”! Using a consultancy firm, Greenfield to run their duties, the civil service was made redundant as “consultants” with no proven track record or work experience, had a field day, running the service as they deem fit. The result of which saw the grounding of the Nigerian Observer, Edo Broadcasting Service, Edo line, and many others.

The circle of corruption continues unabated in Nigeria because there are no consequences for people’s actions and inactions. Many times, those who have taken advantage of their leadership position to steal and abuse offices are given a pat on the back and asked to steal no more. Those who dare to call them out are asked to focus on their own and let bygones be bygones.

In this regard, Edo people sincerely are glad that Governor Monday Okpebholo had the courage and guts to order a probe into the dealings of his predecessor. It is the way to go if sanity must be restored in our public offices. These findings (the report of the asset committee) should be made public so the average Edo citizen sees the extent to which Obaseki raped and defrauded them.

Also, the relevant authorities must step in and carry out a thorough investigation and prosecution. Gone are the days when committee reports are seen merely as academic exercise. This one must and will be different.

Obaseki must unveil the identity of these shady companies he used as cronies, and the balance of $70 million World Bank funds meant for Edo schools must be released. With the volume of revelations contained in the committee’s report, we might just have in our hands a level of looting that would make the notorious Abacha’s looting appear a child’s play.

Obaseki has bitten too much! He has eaten sour grapes, and his teeth must be set on edge. Never again should our children and generations yet unborn suffer because of the uncanny greed and heartlessness of any man.

 

Itua, the Chief Press Secretary to Edo State Governor, wrote from Benin City, Edo State

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Opinion/Feature

Sowore, Egbetokun: Differentiating Between the Law, Emotions, and Cheap Populism

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By Olalekan Johnson

In recent times, Omoyele Sowore, the publisher of Sahara Reporters and a former presidential candidate of the African Action Congress (AAC), has been embroiled in a series of unprovoked attacks against the Inspector General of Police (IGP), Kayode Egbetokun.

These attacks have culminated in Sowore’s recent arraignment in court, rightfully raising concerns about his conduct and the potential consequences for both the individual and the larger society.

Sowore has long built his career on harassing, defaming, and undermining the Nigeria Police Force, particularly its leadership. This is not a mere coincidence or an isolated incident, but a pattern of behavior that dates back years.

One of the more recent episodes that illustrate this pattern was when Sowore posted a self-indicting video of himself resisting and obstructing police officers who were merely doing their job in Lagos. This act, alongside others like it, reflects Sowore’s repeated disobedience to lawful orders, cyberstalking, incitement against the police, and, specifically, attacks against the office of the Inspector General of Police.

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What many fail to realize is that Sowore’s attacks are not just random provocations. They are part of a calculated effort to destabilize the country. His relentless criticism of IGP Egbetokun, who has consistently demonstrated professionalism and adherence to the law, speaks to a larger agenda aimed at creating chaos and eroding the authority of the police force. This is no longer just a case of ideological disagreement, it is a deliberate effort to sow discord and division.

Sowore has long thrived on controversy and has found a niche for himself in the realm of baseless activism, cheap populism, and political blackmail. His actions have always been driven by opportunism, with little regard for the long-term stability of the country. Under the guise of advocating for democracy, Sowore has become synonymous with inciting violence, misleading the public, and promoting himself as a hero of the masses, despite his true motives being rooted in self-interest and a thirst for attention.

While Sowore may have managed to amass a following of blind supporters, it is critical for patriotic citizens to recognize the dangers in his rhetoric. His consistent pattern of false accusations, cyberbullying, and incitement is not just a threat to the Nigeria Police Force, but to the very fabric of society itself. His actions are a direct affront to the rule of law, and should be condemned by anyone who values peace, democracy, and justice.

It is commendable, then, that IGP Egbetokun, despite facing incessant attacks, has opted to pursue legal action against Sowore rather than resorting to violence or intimidation. This response is a testament to the maturity, professionalism, and respect for the rule of law that Egbetokun has consistently displayed in his tenure as the head of the Nigeria Police Force. Under his leadership, the police have shown a firm commitment to upholding justice and ensuring that no one, regardless of their status or influence, is above the law.

Sowore’s behavior illustrates a deep misunderstanding of the purpose of activism. Activism, at its core, should be based on facts, sincerity, and a genuine desire to improve the conditions of the common man. Unfortunately, Sowore has distorted the concept of activism into a tool for personal vendettas, cheap sensationalism, and blackmail journalism. By portraying himself as a champion of the people, he has deceived his followers into believing that he is fighting for justice, when in reality, his actions are self-serving and harmful to the stability of the nation.

Source: Verified handle of the NPF on X

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Opinion/Feature

Okpebholo Holds Steady Advantage As Edo Election Tribunal Progresses

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By Fred Itua

The ongoing Edo State Governorship Election Tribunal has no more or less become the epicenter of political discourse in the State and beyond, with analysts and citizens closely monitoring unfolding developments.

At the heart of the proceedings is Governor Monday Okpebholo of the All Progressives Congress (APC), whose victory was declared by the Independent National Electoral Commission (INEC), in the September 21 election is being challenged by the Peoples Democratic Party (PDP) candidate, Asue Akintunde Ighodalo.

Interestingly, despite the opposition’s claims, proceedings so far suggest that Governor Okpebholo’s position remains unshaken. The evidence presented by the PDP apparently revolves around alleged irregularities.

But Governor Okpebholo’s legal team has meticulously dismantled these claims, presenting counter-evidence and testimonies that validate the credibility of the election.

The tribunal acknowledged the detailed documentation submitted by the petitioners and ordered a verification by all parties to highlight a robust and transparent election process.

So far, witness testimonies have further bolstered the Governor’s case. Independent observers before now had testified that the election was largely peaceful and conducted in line with electoral laws.

Their accounts align with reports from international and domestic monitors who hailed the election as a credible exercise. These testimonies directly counteract the opposition’s narrative of widespread manipulation.

The tribunal’s scrutiny of evidence has also favoured Governor Okpebholo. A significant turning point was the forensic audit of the BVAS machines used during the election. The audit, requested by the PDP, ironically affirmed the authenticity of the results, showing that votes recorded tallied with the electoral commission’s figures. This revelation has weakened the opposition’s case and reinforced the legitimacy of Okpebholo’s victory.

Another critical factor working in favor of Governor Okpebholo is the perceived overreach by the PDP’s legal team. Their strategy of contesting results in all 18 local government areas has been criticized as overly ambitious and lacking in focus.

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The tribunal’s insistence on concrete evidence for each claim has exposed weaknesses in the PDP arguments, further tilting the scale toward Governor Okpebholo.

Governor Okpebholo has maintained a calm demeanor throughout the proceedings, a move that has also endeared him to the public. He has consistently expressed confidence in the judicial process, emphasizing his respect for the rule of law. This posture has contrasted sharply with the petitioner’s frequent & public outbursts, which some observers perceive as a sign of desperation.

The Governor’s legal representatives are equally impressed with their meticulous approach. Led by some of the brightest legal minds in Nigeria, the team has demonstrated a deep understanding of electoral jurisprudence. Their ability to counter the opposition’s claims with precision has been instrumental in shaping the tribunal’s perception.

Public sentiment appears to be swinging in favor of Governor Okpebholo as well. Many citizens have taken to social media to express their belief that the tribunal will uphold his victory. The Governor’s track record, especially in road infrastructure development, has solidified his support base, with many viewing the tribunal’s proceedings as a mere formality.

As the tribunal proceeds, the momentum remains firmly with Governor Monday Okpebholo. His administration has continued to function effectively, demonstrating his focus on governance even amidst legal challenges. This dual commitment to justice and service has reinforced the public’s trust in his leadership.

With proceedings so far reflecting a strong case for Governor Okpebholo, the tribunal’s eventual decision will likely affirm his mandate. For now, the APC and its supporters remain optimistic, while the PDP faces an uphill battle to substantiate its claims. The unfolding drama at the tribunal underscores the resilience of Nigeria’s democratic institutions and the enduring will of the Edo electorate.

 

Fred Itua is the Chief Press Secretary to Governor Monday Okpebholo

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