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Opinion

Government Panics as Cost of Living Crisis Deepens

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Professor Jibril Ibrahim

 

Jibrin Ibrahim

The Tinubu Administration is a fanatic believer in economic liberalism and market forces. Based on its belief, it cancelled fuel subsidy and floated the naira so that it can find its true value. The naira played its part and has been rising steadily desperately searching for its true market value, which it turns out, is still very far away. The result is a “misery crisis” as food prices rise beyond the incomes of ordinary citizens whose naira is too small to enable them purchase food and hunger and anger spreads throughout the land. The President who always tells Nigerians that he understands their pains then offers a solution and orders distribution of free grains from the Strategic Food Reserves. It turned out the civil servants forgot to brief him that the reserves are empty.

Over the past few weeks, hunger and anger have led to street protests all over the country and strike threats. Our politically savvy President sensing the danger decides that since the stupid market forces are now threatening his turn to rule in peace, he must find a diversion. If you search, you will find. The Bureau de Change operators, the “Mallams”, are responsible for destroying the capacity of the “market forces” he unleashed to bring down the cost of living. He therefore got the EFCC to establish a Special Task Force across its commands, to clamp down on individuals “dollarizing” the Nigerian economy. The gun trotting operatives of the Economic and Financial Crimes Commission have since Monday been raiding Bureau de Change operators and arresting them all over the country. The task force which was inaugurated by the Executive Chairman of the Commission, Ola Olukoyede, was raised: “to protect the economy from abuses, leakages, and distortions exposing it to instability and disruption”, we were told.

Those of us of a certain age were brought up in an era in which the dollar did not circulate as a means of exchange or store of value and we used our currency, the naira. Did our Afrobeat hero Fela Kuti not do to jail for having dollars cash that he wanted to travel out of the country with to perform in a concert? Then the neoliberals told us it was imperative to allow free purchase and sell of foreign currency. They even encouraged us to open domiciliary accounts in our banks to store foreign currency which government guaranteed will be safe as the ideology of free markets requires the assurance. The Central Bank of Nigeria licensed thousands of BDCs and asked them to trade in currencies. Why the hell are they being arrested today for doing what the law asked them to do? The other panic move is to place the blame on crypto-currency websites for stealing the value of the naira. The issue is that the few people with naira, conscious of its steady and daily loss of value, would seek to protect their asset anyway they can, won’t they?

The fact of the matter is that we are simply not earning enough foreign currency to meet our high demands for imported goods. In so doing, for decades, we have relied on petroleum rent as our major source of foreign currency. Then to our shock, in 2022, the Group Managing Director of NNPCL, Mele Kyari, explained to us in a State House media briefing that most of our petroleum was being stolen so the dollars are no longer coming in. Mr. Kyari blamed various sections of the Nigerian society for being complicit in the theft of millions of barrels of crude oil, mentioning even that make-shift pipelines and stolen fuel have been found in churches and mosques.

We were told that between January and July 2022, Africa’s biggest oil producer lost an average of 437,000 barrels of oil a day to criminal entities and individuals who illicitly tap pipelines onshore and offshore in the Niger Delta region. The solution to the problem is therefore clear – stop the oil theft and more dollars will come in. The bigger issue is that for a rentier State, safeguarding the source of rent is an existential problem and simple logic should have prevailed and made the state stop the theft. The underlying reality, as we all know however, is that our political leaders and upper echelons of our security forces are beneficiaries of the oil theft. They have taken the decision to eat the goose that lays the golden egg and move to Dubai thereafter as rich refugees.

There is still an explanation needed for the astronomic collapse of the Naira over the past few weeks. What the hell is going on? The answer, says the research done by Business Day is that we should look at those with a lot of naira – government. Since the removal of fuel subsidy, the Federal and State governments have been receiving massive amounts of naira through the disbursement of money by the Federation Account Allocation Committee (FAAC). BusinessDay learnt that portions of the funds from FAAC were often changed to dollars by some governments at the parallel market, putting more pressure on the naira. Their analysis shows that from July 2023 to January 2024, the naira depreciated in the black market for the six months immediately after the FAAC shared money to the federal, state and local governments:

“With the removal of fuel subsidy, more volumes of naira are being shared by the federal, state and local governments and some of these monies are changed to dollars at the parallel market.” BusinessDay has asked us to open our eyes from now on. We should note the price of dollars one week before FAAC allocation, check back the price after the allocation and you will see clearly the difference. Let’s all do that and know that those who should go to jail are some of our governors and ministers. President Tinubu, please stop panicking, just look around you and you shall see.

Professor Jibrin Ibrahim
Senior Fellow
Centre for Democracy and Development, Abuja
Follow me on twitter @jibrinibrahim17

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Opinion

Tinubu’s Media Chart: A Missed Opportunity to Reassure the Nation

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President Bola Ahmad Tinubu with selected journalists during the media chat

 

In what can only be described as a media appearance marked by confusion, evasiveness, and a lack of clear direction, President Bola Ahmed Tinubu’s responses to questions posed during his recent media interaction have sparked widespread discussion. Rather than providing insightful answers, his statements were widely perceived as poorly articulated, lacking substance, and marked by arrogance and a clear avoidance of crucial national issues. This marks a troubling trend for a leadership that should prioritize transparency and engagement, especially in a time of multiple national crises.

The chart of his media responses paints a grim picture of a leader whose communication strategy failed to inspire confidence or instill hope. What was expected to be an opportunity for the President to outline his administration’s plans and provide assurances to the public instead became a showcase of confusion. Instead of offering concrete solutions, Tinubu’s responses appeared to be based on guesses, derailing tangents, and, at times, deliberate misdirection. The media session, initially billed as a platform to reassure the public, ended up confirming a sense of tragedy in the stewardship of the nation’s leadership.

One of the most glaring issues was the arrogance that tinged Tinubu’s answers. When confronted with tough questions, rather than acknowledging the challenges facing the country or offering tangible steps for improvement, the President’s responses were marked by a dismissive tone that bordered on condescension. This arrogance not only alienated the public but also raised serious concerns about the administration’s willingness to listen to criticisms and adjust its policies in response to the nation’s realities. When a leader adopts such an attitude, it creates the impression that the government is more interested in protecting its image than addressing the real issues affecting the populace.

Moreover, the session was fraught with evasive answers that left many critical questions unanswered. Instead of providing clear plans or actionable steps, Tinubu opted for vague generalizations and platitudes, further muddying the waters of the nation’s leadership. Key questions on national priorities—such as how to tackle the economic crisis, improve security, and rebuild the nation’s infrastructure—were met with empty rhetoric rather than substantive proposals. The refusal to engage meaningfully on these pressing issues left the public in the dark, questioning the sincerity of the government’s commitment to resolving the country’s myriad challenges.

What stood out most during the media chart was the absence of a clear direction. Tinubu’s answers were devoid of any concrete vision for the future of Nigeria. This lack of clarity led to an atmosphere of confusion, with the public unable to grasp what the President stands for or what his administration aims to achieve. As he meandered through the questions, it became increasingly apparent that there was no definitive roadmap guiding the administration’s actions. If anything, his responses seemed to suggest that the government is reacting rather than planning—failing to project a clear path forward.

Rather than offering strategic insights into how his government would address the most critical challenges facing Nigeria, such as the ongoing fuel subsidy removal crisis, insecurity, and worsening poverty rates, Tinubu’s responses felt like nothing more than guesses and half-baked ideas. The lack of coherence and forward-thinking in his remarks confirmed the fear that the country may be drifting without clear leadership.

Perhaps the most concerning aspect of the media interaction was the depressive tone that permeated Tinubu’s responses. Instead of offering reassurance and hope, his answers instilled fear and hopelessness. The public, already burdened by various challenges, was left with a sense of dread after the media appearance. The absence of optimism, the lack of a vision for a better future, and the overall gloomy nature of the discussion reinforced the idea that the nation’s leadership is disconnected from the realities facing everyday citizens. This left many wondering if the government was even aware of the mounting discontent across the nation.

Rather than providing a rallying cry for the nation to unite and face its challenges, Tinubu’s words seemed to deepen the despair. His inability to inspire confidence during this media interaction has left many questioning not just his competency, but his capacity to lead at a time when Nigeria needs strong, decisive leadership more than ever.

The media interaction, intended to mark a milestone in the President’s communication with the public, ended up being nothing to celebrate. There were no breakthrough moments, no clarifications on the way forward, and no uplifting remarks to offer hope to the people. In fact, it was a moment to reflect on the stark reality that the leadership may not be equipped to tackle the country’s most pressing issues. The lack of any tangible answers to the nation’s most urgent challenges only reinforces the perception that this administration may be out of its depth.

Tinubu’s media chart highlighted the growing gap between the government and the people. His failure to provide any tangible answers, his arrogance, and the evasive nature of his communication have only served to deepen public skepticism about the current administration’s capacity to lead effectively. The disconnection between the government’s rhetoric and the realities on the ground could not have been more apparent.

In conclusion, the First Bola Tinubu Media Chart was an exercise in missed opportunities. It was a moment to reassure the nation, but instead, it confirmed a sense of tragedy in the nation’s stewardship. As the public continues to grapple with economic hardship, insecurity, and social unrest, Tinubu’s inability to provide clear direction and inspiring leadership only deepens the nation’s fears about its future. If this is the level of communication and leadership Nigerians can expect, the road ahead is indeed a troubling one.

Garba Ubale Kankarofi wrote this piece from Kano, Nigeria.

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Opinion

Let President Tinubu Rename University of Lagos After Gowon, Not Abuja

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Adnan Mukhtar Tudun Wada

 

 

Adnan Mukhtar Tudun Wada

I was not happy when Northwest University Kano was renamed to Yusuf Maitama Sule University, as student leaders of that University then, we followed the interest of the students who were also not happy with the renaming at that time for one reason; the renaming was politically motivated, to hurt the founder of the institution Senator Rabiu Kwankwaso. I was busy mobilising students to protest, the next day I was invited to the DSS for questions where I spent hours and all the people we were mobilising the protest together ran and dissociated themselves from it. I have no option but to plead with the DSS to release me, assuring them that not a single student would protest the government’s action.

The renaming has affected many students who are seeking admission abroad; it’s Northwest University on my transcript and Yusuf Maitama Sule University on my certificate. This is kinda confusing and not good at all.

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Politicians should immortalise individuals in their new projects not existing ones. The renaming of the University of Abuja to Yakubu Gowon University is not good for the university’s alumni.

The President should have found a new project or built a new University by naming it after the former Head of State.

I don’t support the idea of playing politics by renaming our universities and this happens mostly in Nigeria.

Imagine waking up renaming the University of Maiduguri to Mohammed Goni University, Yobe State University to Ibrahim Geidam University, the University of Ibadan to Abiola Ajimobi University, the University of Lagos to Lateef Jakande University.

It will be bad for the alumni of the aforementioned universities to come across this.

Why is this only happening in Africa? Look at Makerere University in Uganda, it was established in 1920 but despite Yoweri Mosevenni’s long reign; he didn’t for once attempt to change it to even his name for selfish reasons.

He didn’t think of renaming the Entebbe International Airport after him but in Nigeria, we have this culture of renaming everything after individuals.

If you want to be immortalised, leave a lasting legacy as Gowon did in establishing NYSC. That enough is Okay and better than naming an institution after him.

President Tinubu should have renamed the University of Lagos after Gowon, not Abuja. I’m sure his people will reject this not for any reason but because of the large number of people that will be affected by it.

The University of Abuja Alumni were all crying over this painful decision.

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Opinion

Ibrahim Abdullahi Waiya: Champion of Civil Society and Good Governance in Northern Nigeria

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Ibrahim Abdullahi Waiya, is an influential Civil Society figure in Kano State and Northern Nigeria. He is currently serving as the Executive Director, Citizens for Development and Education (CDE), he has dedicated many years of his civil society activism as advocate for the promotion of democracy, good governance, anti-corruption, peace building and women empowerment

Amb. Waiya, holds number of academic qualifications, including a Higher National Diploma in Public Administration from Kano State Polytechnic, a Bachelor of Laws (LLB) from Usmanu Danfodio University, Sokoto, Master’s in Public International Law at Maryam Abacha, American University, Maradi, and he is currently pursuing a doctor of philosophy at Skyline University, Kano in International Relations

In the course of his career, he held several positions and managed a number of projects. He served as the Director, Alhilal Foundation, from 2003 to 2007, an organization which focused on women empowerment, through basic literacy and skills acquisition. He later coordinated the North West Zonal Office of the Mallam Aminu Kano International Foundation. Amb. Ibrahim Waiya, led and coordinated a number of Local Government Councils Elections Observation missions across 19 Northern states.

In 2011, Waiya managed the Campaign against Drug Abuse under the auspices of Northern Youth Assembly, a youth driven platform with leadership structures in the Nineteen Northern States. He served as Secretary, for both, Kano State Stakeholders Committee on Anti-Drug Abuse Campaign and Kano State Stakeholders Committee on Anti-Child Abuse, a project which was coordinated by the office of the Special Adviser, Child Welfare and National Drug Law Enforcement Agency. His involvement in election observation coordination missions and various public engagements, highlights his commitment to civic engagement towards community development, democracy and good governance

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Waiya’s extensive experience includes free consultancy support services to numerous Government Ministries and Agencies such as: Kano State Ministry for Women Affairs and Social Development, Kano State Ministry for Community and Rural Development, office of the Special Adviser to the Governor of Kano State on Child Welfare, Ministry for Special duties, office of the special adviser, joint security services. He has facilitated numerous training workshops and seminars, impacting his knowledge, skills, experience on the community, particularly for community based organizations

In recognition of his contributions, he was appointed to several key positions, such as the President, of the Kano Civil Society Forum, Chairman of the Conference of Northern States Civil Society Networks, Convener, Nigeria for Peace Project, Managing partner, United Nigeria Project, Head of Secretariat, Kano Peace Committee, Secretary General, National Action for Women Agenda,(NAWA), chairman, Board of Trustees, Northern Youth Assembly, (Majalisar Matasan Arewa) Fellow, Institute of Security and Strategic Studies, Fellow, Institute of International Peace and Secure Society, Fellow, Institute of Business Diplomacy and Financial Management, member, Commission of Inquiry on Missing persons, member, Implementation Committee, on the Recommendations of the Report of the Commission of inquiry on missing persons, member, Commission of Inquiry to investigate, various political violence and cases of missing persons, that occurred in the State from 2015 – 2023, member, Commission of inquiry to investigate protest, arson and destruction of public and private properties that occurred from 1st – 10th August, 2024 Amb. Waiya, served as Consultant on various government projects, such as: Kano State Security Trust Fund, Safe Corridor, Campaign against Drug Abuse, across the 44 Local Government Council Areas. Amb. Waiya”s active participation in peace building, policy advocacy and legislative reform has continued to impact positive change in Kano State, the North and Nigeria at large.

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