fbpx
Connect with us

Opinion

How Eminent Nigerian Economists Warned Against Current Economic Hardship

Published

on

President Bola Ahmad Tinubu

By Abdullahi Dahiru

There is nothing of the current economic hardship we are witnessing that some eminent Nigerian economists have not predicted. Two former CBN governors Charles Soludo and Sarki Sanusi have repeatedly warned previous governments against some poor economic policies that were the major causes of the economic problems we are witnessing now.

President Obasanjo performed credibly well. In 2005, Nigeria’s foreign debt was $36billion. He secured a debt relief of about $18 billion from international creditors like the Paris and London clubs after settling over $12billion. Then Nigeria’s foreign reserve started growing up.

President Yaradua built the foreign reserve to all time high of $60billion. Nigeria’s foreign debt under him was less than $3billion.

Nigeria started accumulating foreign debt again under President Jonathan. At that time the then CBN governor Sanusi started drawing the attention of the government to that. He recommended removal of fuel subsidy and drew the attention of the government to the leakages in Nigeria’s oil company NNPC. He accused NNPC of not remitting all the money Nigeria was getting from the sale of crude oil into government coffers. That nettled the then President Jonathan who accused Sanusi of insubordination and ‘financial recklessness’ as CBN governor. Sanusi was subsequently removed from the office of CBN governor for blowing the whistle on corruption in NNPC.

Buhari became President when Sanusi was already Emir of Kano. Buhari continued to borrow money from foreign creditors. Sarki Sanusi repeatedly advised Buhari’s government against collecting foreign loans. He recommended the removal of petrol subsidy. He cautioned the CBN against surpassing the recommended 5% of previous year’s revenue as ways and means advances. He cautioned CBN against printing money without revenue to back it. Again, that became a problem for him. The Kano state and federal governments accused him of public criticism of government economic policies instead of private advice to the President and senior government officials. When Kano state government was trying to remove him from the throne of emir of Kano, the federal government looked the other way since one of its critics was going to be punished. Some federal agencies were even utilized for that purpose.

Buhari inherited foreign debt burden of $7.3billion and it ballooned to over $40billion under him. He was borrowing money to fund him government and pay petrol subsidies. The debt burden under Buhari was so outrageous that almost all earnings of the government goes into servicing debts. Government was servicing debt and taking more loans similar to what Hausa people call ‘biyan bashin daddawar kauye’.

President Obasanjo went after governor Alamasheigha who was arrested in London airport for laundering foreign currency and subsequently jumped bail from a British court. Alamasheigha was subsequently impeached. When governor Ganduje was seen in a video collecting kickback from contractors, what did Buhari did? He did nothing. Corruption became so pervasive under him that CBN staff forged his signature to siphon money. There were many other cases of monumental heists under him but yet he did almost nothing to either punish the offenders or stop the haemorrhage.

When Tinubu became President he announced removal of petrol subsidy and liberalization of foreign exchange. Nigeria was thrown into further economic turmoil.

Now some Nigerians especially many Northerners are accusing the advocates of the economic policies of Tinubu administration as the people that recommended government to throw them into the current economic hardship because of their ‘insensitivity’ and ‘capitalistic’ mindsets. These people are saying why not the experts recommend tackling of corruption as a remedy? Didn’t Sanusi lose two coveted positions for blowing the whistle on corruption? The first case was his accusation that NNPC was not remitting money from the sale of crude oil. The second case was his opposition to Kano state governor Ganduje taking $1.8billion loan to construct a light rail in Kano metropolis.

I am not trying to shield Tinubu from criticism of his economic policies. The truth is that he inherited a bad economy from several years of mismanagement. What are his options? I really don’t know.

The truth is that Nigerian scenario is similar to a person that sustained a fracture in the leg. He went to a traditional healer who unskillfully repaired it. The leg became gangrenous. Any sound orthopaedic surgeon will recommend amputation of the gangrenous leg. The leg was amputated. The amputee then blamed the orthopaedic surgeon for his travails not his previous decision.

#

Opinion

The Decline of Journalistic Knowledge and Pronunciation Accuracy

Published

on

 

By Dr Abdullahi Dahiru

In the past, journalists were known for their extensive knowledge and keen awareness of current events. They were avid readers and dedicated listeners of news programs from various stations, including international news channels. As a result, they could easily name the presidents of many nations, identify capitals and major cities, and correctly spell and pronounce a wide range of words.

Today, however, the landscape has shifted. Some of the journalists we have now are among the most uninformed. When a journalist mispronounces “Hague” as “Hagwi,” it is likely they have never heard the correct pronunciation from other news channels. Similarly, pronouncing “paradigm” as “paradijim” indicates a lack of exposure to accurate pronunciations.

This decline in journalistic knowledge and accuracy is concerning. In an era where information is more accessible than ever, it is crucial for journalists to maintain high standards of knowledge and professionalism. Their role as conveyors of information means they bear the responsibility of ensuring that their audience receives accurate and well-pronounced news.

There are several factors contributing to this decline. The digital age has brought about a surge in news sources, many of which prioritize speed over accuracy. This can lead to journalists skimming through information without fully grasping or verifying it. Additionally, the rise of social media has created an environment where sensationalism often trumps accuracy, further diminishing the quality of journalistic standards.

To address this issue, it is essential for journalists to rekindle their commitment to continuous learning and professional development. They should engage with diverse and reputable news sources, practice accurate pronunciation, and strive to deepen their understanding of global affairs. News organizations should also invest in regular training and development programs to equip their journalists with the necessary skills and knowledge.

Ultimately, the integrity of journalism hinges on the dedication of its practitioners to uphold the values of accuracy, knowledge, and professionalism. By taking proactive steps to improve their standards, journalists can restore the public’s trust and confidence in their work, ensuring that they remain credible sources of information in an increasingly complex world.

Dr Abdullahi Dahiru wrote from Kano Northwestern Nigeria

#

Continue Reading

Opinion

Kaduna State Is Blessed To Have His Excellency Senator Uba Sani As Its Executive Governor

Published

on

Kaduna State Is Blessed To Have His Excellency Senator Uba Sani As Its Executive Governor

By Abubakar Saraki

Kaduna is the most historic state in the history of Northern Nigeria been the former Capital of the Northern province and one of the pioneer States created in Nigeria by the Yakubu Gowon Administration in 1967.

Kaduna State has had so many Governors in the past both the Military and Civilian Gorvernors, among them His Excellency Senator Uba Sani the present Executive Governor of the State distinguishes himself with so many sterling qualities which can only be compared with that of Sir Ahmadu Bello Sardauna of the blessed memory.

His Excellency Senator Uba Sani is a very honest person with sincerity of purpose and as such he is firm and resolute in taking decisions without fear of anyone. His integrity is very glaring and very commendable.

Since assuming of duty in office as the Executive Governor of Kaduna State in May 2023, His Excellency Senator Uba Sani started with fierce fighting of corruption which is the cankerworm that has been disturbing Kaduna State for a very long time. This mission of fighting corruption by His Excellency Senator Uba Sani is being carried simultaneously without fear or favour and it has been yielding fruitful results.

#

Despite many hurdles and hitches in governance of a cosmopolitan and complicated State like Kaduna which has divergent cultural traditions and religious beliefs, the expertise and incomparable brilliance of His Excellency Senator Uba Sani assisted him in maintaining a very peaceful coexistence among the various people of Kaduna State since his assumption in office. He has provided the Security outfits in the State with new modern sophisticated vehicles and other logistics they need for proper maintenance of law and order in the state as he is very passionate about the safety of his people.

On the areas of developmental projects, His Excellency Senator Uba Sani has been performing creditably and efficiently. He has been undertaking many Capital projects which include roads, bridges, schools, hospitals dams and so many other important projects in all parts of Kaduna State.

Education, Health, Water Supply and Agricultural sectors are receiving the special attention they needed under His Excellency Senator Uba Sani Administration in view of the importance he attached to these critical sectors.

His Excellency Senator Uba Sani is a perfect gentleman who has strong zeal and passion for the development of his people, he is a student of Sir Abubakar Tafawa Balewa school of thought, he believes in capacity building among his people.

The Economy of Kaduna State is now growing rapidly, and many investors are coming to Kaduna State in view of the enabling conducive and peaceful business environment created by His Excellency Senator Uba Sani.

Another notable achievement of His Excellency Senator Uba Sani is presenting the 2025 draft budget which allocates N790 billion for capital and recurrent expenditures. Education received the largest share, with N206.6 billion, followed by health, infrastructure and agriculture.

Governor Uba Sani’s commitment to transparency and accountability is evident in his administration’s efforts to drive inclusive development, create jobs, and improve infrastructure in Kaduna State.

Abubakar Saraki wrote this from Kaduna

Continue Reading

Opinion

Who is Professor Abdullahi Yusufu Ribadu, the newly appointed Executive Secretary, National Universities Commission (NUC)?

Published

on

Professor Abdullahi Yusuf Ribadu

Who is Professor Abdullahi Yusufu Ribadu, the newly appointed Executive Secretary, National Universities Commission (NUC)?

Professor Abdullahi Yusufu Ribadu FCVSN, the newly appointed Executive Secretary (ES) of National Universities Commision (NUC), was born at Fufore, Adamawa State on 2nd September 1960. He had his primary education between 1967 and 1973. He gained admission in to Government Comprehensive Secondary School, Mubi in 1973 and successfully obtained the West African School Certificate (WASC) in 1978. He attended the School of Basic Studies (SBS), Ahmadu Bello University (ABU) Zaria during the 1978/79 session. In October, 1979 he enrolled at ABU Zaria for the Doctor of Veterinary Medicine (DVM) degree programme which he successfully completed in June 1984. Professor Ribadu served the compulsory one-year NYSC at the Lower Niger River Basin and Rural Development Authority, Ilorin between 1984 and85.

In September, 1985, Ribadu was appointed Assistant Lecturer in the Department of Veterinary Surgery and Reproduction, University of Maiduguri. His quest for additional qualifications fuelled by a burning thirst for knowledge made him to return to ABU Zaria from 1986 to 1988 for a Master of Science degree in Theriogenology. In 1990, Professor Ribadu was awarded a Commonwealth Scholarship for a PhD at the University of Liverpool., United Kingdom. In 1997, Professor Ribadu was awarded a 2‐ year Postdoctoral Fellowship by the prestigious Japan Society for the Promotion of Science (JSPS), tenable at Rakuno Gakuen University, Ebetsu, Hokkaido, Japan.

In terms of academic career, Professor Ribadu rose through the ranks and was appointed Professor of Veterinary Reproduction at the University of Maiduguri in October 2002. Professor Ribadu held several academic and administrative positions at the University level.

In April 2004, President Olusegun Obasanjo appointed Prof A. Y. Ribadu as the Vice‐Chancellor, Federal University of Technology, Yola (FUTY), now Modibbo Adama Univeristy. As the Vice‐Chancellor of FUTY from 26th April 2004 to 25th April, 2009, Professor Ribadu brought positive changes to the university’s landscape.

Professor Ribadu served as external assessor and examiner to Ahmadu Bello University, Zaria, University of Ibadan and Usmanu Danfodiyo University, Sokoto. He is a competent, efficient and resourceful researcher with enviable research outputs. He has to his credit several publications in peer‐reviewed scientific journals and others presented at learned national and international conferences. His pioneering work on “ultrasonography and endocrinology of ovarian cysts in cattle” at the University of Liverpool has been cited extensively. Professor Ribadu spent one-year sabbatical leave and a further one and half years on leave of absence at the National Universities commission (NUC), Abuja (June 2009 to November 2011) where he served as Chairman, Committee on Monitoring of Private Universities (COMPU). Furthermore, he also served as Visiting Professor/Advisor to Nigerian Turkish Nile University (NTNU), Abuja from January 2012 to June 2013. Professor Ribadu assumed duty as a Professor in the Department of Theriogenology, University of Abuja in November, 2013. He was a Visiting professor at Guru Angad Dev Veterinary and Animal Science University (GADVASU) Ludhiana, Punjab, India in 2023. Before his appointment as the ES boss, Professor Ribadu was a visiting professor at the Commision.

In December 2013, the new ES of NUC was appointed as the pioneer Vice-Chancellor of Jigawa State University,Kafin Hausa which was later renamed Sule Lamido University. He steered the affairs of university, overseeing its take-up and the enrolment of the first student of the University and bowed out, after five years, with a grand style maiden convocation of the university.

Professor Ribadu is a member of several national and international professional bodies. He was awarded membership diploma, College of Veterinary Surgeons of Nigeria (MCVSN) in 2003 and Fellow, College of Veterinary Surgeons Nigeria (FCVSN) in 2011. He is also a member of Nigeria Institute of Management (MNIM), Honorary Fellow, Nigerian Institution of Agricultural Engineers (FNIAE), Fellow, Global e‐policy and e‐government institute, Sungkyukwan University, Seoul, South Korea and Fellow Institute for Government Research and Leadership Technology (2014). Professor Ribadu was the Secretary-General of Association of West Africa Universities (AWAU). He was also conferred with an Honorary Degree (Honoris Causa) by the Commonwealth University, London on Thursday, 14th December, 2017. Additionally, he is a member, TETFund’s National Research Fund Screening and Monitoring Committee (NRF) from 2021 to date.

Professor Ribadu’s academic and administrative pursuits have provided him with opportunities to travel to many countries including Australia, Belgium, Cameroun, Egypt, France, Germany, India, Japan, Libya, Qatar, Saudi Arabia, South Africa, South Korea, The Netherlands, United Arab Emirates, United Kingdom and United States. Professor Ribadu is fluent in Fulfulde, Hausa, English and a bit of Nihongo (Japanese).

Professor Ribadu is happily married to Aisha Mohammed Abba and is blessed with three children (Asma’u, Hadiza and Zaynab). His hobbies include reading, travelling and playing table tennis.

#
Continue Reading

Trending