Experts Caution Against PIA Amendment

The move by the federal government to amend the Petroleum Industry Act (PIA) 2021 continues to generate disquiet in the sector with industry analysts and experts cautioning that such a move has far-reaching implications on the sector.

Besides they said it could destabilise the sector as the PIA is barely five years into its operation.

Daily Trust reports that President Bola Tinubu has approved the amendment aimed at whittling the powers of the Nigerian National Petroleum Company Limited (NNPC).

Also it was learnt that part of the proposed amendment is to vest the power and role of concessionaire of all oil and gas exploration and production assets in the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

The proposed amendment would also make the NUPRC the representative of the Federation in all Joint Venture (JV) agreements with the international oil companies (IOCs) and independent companies.

Also proposed is the removal of the Ministry of Petroleum Incorporated (MOPI) as a shareholder of NNPC, while making the Ministry of Finance Incorporated (MOFI) the sole shareholder of the national oil company.

Daily Trust reports that the federal government has JVs, Production Sharing Contracts (PSCs), Sole Risks and other contractual arrangements with the IOCs. In most cases the NNPC has 60 per cent while the IOC holds 40 per cent.

If the amendment scales through the management of these JV assets would come directly under the NUPRC.

Relevant federal agencies were said to have been notified of the proposed amendment to the PIA 2021. However, the draft of the Bill is not yet in the public domain.

However, the move is generating disquiet in the sector with stakeholders warning that the amendment might destabilize the industry just a few years into the life of the PIA.

Petroleum expert and Technical Director at Template Design Limited, Bala Zaka, expressed concerns with the petroleum industry bill before it even became an Act, saying its inability to provide a win-win situation for investors and the government led to the exodus of international companies from the onshore operations.

‘For somebody like me, those were the kind of laws that needed to be introduced and some modified so that we’re going to enjoy the benefits of activities in the oil and gas industry. That was my thought when the idea of a petroleum industry bill came up,’ he said.

He added that the law ended leading to, first of all, deregulation and a skewed deregulation that encouraged some indirect hostilities that were going to force some of the international oil and gas companies to abandon the conditions and oil fields that they have developed on land and swamp and shallow waters and only concentrate on deep offshore.

He said, ‘But when the Act came up finally, the Act ended up becoming skewed. It was very clear that the Act ended up incorporating so many things that people like me with an objective mind didn’t expect. Because some of the things we discovered are rearing their heads now. First of all, it came up with deregulation.

‘Deregulation without control. Instead of focusing on liberalisation, that will make sure we invite additional investors, but also make sure there is proper organisation so that the Nigerian government, either through NNPC or whichever body, will be able to regulate in the interest of investors and the government. It didn’t do that.’

He lamented that the Act has ended up trying to privatise all the national patrimony of citizens.

‘When you go to other countries, till this moment, you see both local and international oil and gas investors investing or carrying out peaceful activities on land concessions, shallow waters, swamps, and deep offshore.

‘But with this Act now, all of us have seen that all the international oil companies have experienced artificial business climate hostilities that have forced them to leave the concessions they had on land and swamp. Many of them have run deep offshore. And the few of them that are remaining decided to leave Nigeria. That was not the kind of petroleum industry Act that I expected.’

‘A sector can be liberalised and it will do well. In the context of the Nigerian oil and gas industry, I expected to see more of liberalisation. There is a major difference between liberalisation and deregulation. When you liberalise, you allow more players to come in, but you also make sure the powers of regulatory authorities in that country are not diluted. No country will go and allow the powers of regulatory agencies to be diluted. Once you allow their powers to be diluted, then that country or that agency or that country will be like a banana republic.

‘What we should rather do in the context of Nigeria is this. Those you have put in charge of those regulatory agencies, if they are not doing well, continue to change them until you get the right people.’

On his part, Wumi Iledare, Professor Emeritus of Petroleum Economics, said concerns regarding PIA amendments shortly after its enactment may lead to policy instability, discourage long-term investment, and be perceived as benefiting select interests, thereby undermining the act’s original objectives of stability and investor confidence.

I’m No Longer One Of You, Ladoja Tells Atiku, El-Rufai, Others

The newly crowned Olubadan of Ibadanland, Oba Rashidi Ladoja, on Tuesday, played host to some key opposition figures led by former Vice-President Atiku Abubakar, and declared that he is no longer one of them having assumed the role of a traditional ruler.

Oba Ladoja, a former governor and Senator in Oyo State, was crowned the 44th Olubadan at the well-attended coronation in Ibadan, last Friday.

President Bola Tinubu, four serving governors including the host, Governor Seyi Makinde, first-class monarchs and other top personalities graced the occasion.

However, Atiku, who was absent at the ceremony, on Tuesday, led the former Senate President, Iyorcha Ayu, former Governors of Kaduna State, Nasir El-Rufai, Cross Rivers State, Liyel Imoke and other prominent members of the African Democratic Congress (ADC) to pay homage to the Olubadan.

Atiku attributed his non-appearance at the coronation of the former Governor to protocol arrangements.

Speaking with at the private residence of tge new Olubadan in Ibadan, Atiku said it was not intentional not to honour Oba Ladoja during the coronation.

He said, ‘We are here to say congratulations to the new Olubadan of Ibadanland, Oba Ladoja. We regretted that we didn’t attend the coronation. It was not intentional. Protocol arrangements did not allow us to come during the coronation, not that we didn’t want to come.

‘We know your roles and relationship with some of us. We are here to congratulate you. Kindly accept our apologies for not making it to the coronation. We regret not attending the programme.’

Responding, Oba Ladoja declared that he is no longer a politician, adding that he had good times with Atiku and other politicians in the country.

‘I’m not one of you again. I am Olubadan of Ibadanland. So, I am for everybody now. I am no longer one of you. I am not a politician anymore. Welcome to my house.

‘Now that I am the Olubadan, I am no more interested in anything other than the Olubadan. You are welcome to my house.

‘We started from the Social Democratic Party, we were in exile together, we were in the Peoples Democratic Party together. When I wanted to create an identity, I went to the Accord Party, which became a household name here. I know you politicians have a way of coming back.

‘All the religious leaders said that the only thing the leaders can do is to promote justice and fairness. I will serve my people. Ibadan people, the state, Africa and the world at large. I will depend on your support and advice,’ the monarch said.

Nigeria Won’t Disintegrate Under My Watch – Tinubu

President Bola Tinubu has declared that Nigeria will not disintegrate under his watch.

This is just as he asked Nigerians to stop talking about the country in the negative tone.

Tinubu spoke on Wednesday while unveiling the renovated Wole Soyinka Centre for Culture and Creative Arts, formerly known as the National Arts Theatre in Lagos.

Tinubu arrived at the venue at about 6:24 p.m for the reopening ceremony of the monument.

The President had in July 2024 renamed the edifice the Wole Soyinka Centre for Culture and Creative Arts in honour of the Nobel Laureate.

The renovation of the Centre was funded and overseen by the Central Bank of Nigeria (CBN) in collaboration with the Bankers’ Committee.

The Federal Ministry of Arts, Culture, and Creative Economy provided policy direction and oversight, guiding the transformation of the facility into a national asset and a launchpad for Nigeria’s creative industries.

At the unveiling on Wednesday, Tinubu was joined by the First Lady, Senator Oluremi Tinubu, Governor Babajide Sanwo-Olu, Senate President Godswill Akpabio, Deputy Senate President Barau Jibrin, H.E. Speaker Tajudeen Abbas, Deputy Speaker Benjamin Kalu, Emir of Kano, Emir Muhammadu Sanusi II, and the host of the occasion, Professor Wole Soyinka.

Speaking at the event, Tinubu reiterated his position that the worst is over the economic crisis and urged Nigerians to believe in themselves and give others hope they need.

‘From now on like I said yesterday, the worst is over, the economy has recovered. I’m confident that prosperity will come. Believe in yourself and give everybody the hope they need. Lift the spirit of our people.

‘This is the giant of Africa, it won’t fall on you, it wont disintegrate in my hand,’ he said.

He also urged Nigerians to stop talking about the country in the negative tone.

‘Tonight, let me say something that is very important to me, to you, government and Nigerians in diaspora, which is – stop talking about Nigeria in the negative tone. This is a country of very proud people. It is about ourselves, believing in something we inherited from our parents and great forebearers. A nation of great people, confident and dedicated.

‘Let’s build it together, this country will succeed and it is with you, myself and many other people who may not be here.

‘Please, lift Nigeria, believe in Nigeria, put Nigeria first. That’s all I need to emphasize tonight. It has been a wonderful evening, I have enjoyed myself.’

Tinubu described Soyinka as one of the greatest assets of the world, saying he has contributed to nation building, courage and freedom.

‘So, it couldn’t have been anything else and I know definitely you (referring to Soyinka) will not disobey this president. I said it has to be Wole Soyinka Centre,’ Tinubu said.

In his welcome remarks, the CBN Governor, Yemi Cardoso, said the Wole Soyinka Centre is more than a renovation, but a rebirth.

He said the centre’s iconic silhouette has been preserved while delivering world-class performance halls, cinema spaces, exhibition galleries, an African literature library,

rehearsal rooms, media and medical facilities, and fully modernised

infrastructure.

According to him, the surrounding grounds now offer gardens, outdoor exhibition

areas, upgraded access, and seamless integration with the Lagos Blue Line

rail, placing culture at the heart of city life.

He said ‘This edifice has stood for nearly half a century as a proud symbol of our

heritage. Completed in 1976 and inaugurated at FESTAC ’77, it became a

beacon of African creativity and a repository of our shared history. Many here

will recall both its golden years of cultural vibrancy and the long period of

neglect that followed. Even in silence, however, the Theatre remained the

soul of our cultural identity, awaiting revival. Today, that day has come.

‘The performances we have witnessed today by ensembles from across

Nigeria bring this Centre to life and remind us that its true power lies not only

in its architecture but in the voices, movements, and stories it will host.

‘Allow me to emphasize that none of this would have been possible without

extraordinary partnerships. The Central Bank of Nigeria, the Bankers’

Committee, the Lagos State Government, and the Ministry of Art, Culture, and

the Creative Economy came together with a shared purpose to deliver this

national project, with the Bankers’ Committee alone committing

approximately ?68 billion, not as corporate social responsibility but as a

deliberate investment in Nigeria’s cultural future. This project stands as proof

that when the public and private sectors unite behind a shared national

purpose, there is no limit to what Nigeria can achieve.’

Responding, Soyinka said ‘In all seriousness, I want to thank you for this honour. Those of you who’ve been involved in it, including your president, who’s a great conspirator, who knows how to lay ambush here and there. It’s okay. This netted yet another victim, and I want to thank you. And for all those who’ll be using this hall, let me remind you that I really represent the preoccupation, the commitment, the commitment of others. My hope is that with the recreation of this building, this institution, we won’t be going all the way to Abu Dhabi to watch African theatre.’

Julius Berger, Subsidiaries Showcase Products At Big 5, ECOBANK Expos

Nigeria’s leading engineering construction company Julius Berger Nigeria PLC, last week in Lagos, led its various subsidiaries to make a commanding impression at the recently concluded BIG 5 and ECOBANK Expositions, showcasing the unique innovation, craftsmanship, and expansive portfolio alongside its subsidiaries.

While the Big 5 event took place at the historic Landmark Events Centre, the other held inside the expansive ECOBANK Pan African Centre, Lagos.

Conscious of the opportunity the development presented to stakeholders in the sector, Nigeria’s best in the provision of aluminium and glass solutions, ABUMET, the pioneer in design and engineering in the country, PrimeTech Nigeria Ltd as well as the company’s Excellence Centre and Julius Berger Precast Services stormed the landmark event with new innovations and revised editions of their products and services at the Landmark Event Centre.

Each Julius Berger subsidiary brought their unique flair to the events. From cutting-edge architectural designs to advanced solutions and premium aluminium systems. The stands reflected the group’s commitment to quality, sustainability, and technological advancement.

A Facility Manager and officer in charge of the company’s Excellence Centre, Aleksandar Serafimoski said the Centre has a little bit more diverse portfolio.

The Commercial Manager for the Julius Berger Precast Services, Christian Bauer, said, ‘We are representing Julius Berger, and what we are basically trying to do is to showcase that we are branching out into smaller scales.’

The True Value Of The Naira: Undervalued Or Overvalued?

The value of the Naira is typically compared to the U.S. dollar, which is the most widely used currency for trade and other international transactions and the world’s primary reserve currency.

Luckily for the Naira, the dollar is losing its value. In 2025, the dollar had lost about 11 per cent of its value against major currencies, dropping to its lowest value in over 50 years. Analysts describe it as one of the biggest falls since the 1970s. However, the dollar will recover; even the blind can see that.

But the issue is, what will Nigeria do when that happens? Before we answer that, we must know the value of the Naira at the moment.

Few things stir as much debate in Nigeria as the value of the Naira. It is true that, after years of relentless devaluation due to World Bank and IMF policy prescriptions tied to their loan conditions, the Naira has gained about 11 per cent against the dollar over the past year. The result is a rare moment when the Naira, long seen as perpetually weak, has appreciated even as the world’s reserve currency has stumbled.

Some say it is too strong, kept afloat by Central Bank trickery. Others insist it is too weak, beaten down by years of inflation and policy blunders. Both sides cannot be right. So, is the Naira overvalued or undervalued?

For clarity, when the Naira is overvalued, it means when it trades stronger than its true worth-say the Naira sells at N500 per USD while the fair value is actually N1,000. This will lead to exports suffering as goods will be costly abroad, but imports will become cheaper. On the other hand, the Naira is undervalued when it trades at a price weaker than its fair value-say N1,500 per USD against a fair value of N500. It will gain from exports with cheaper prices abroad, but imports grow costly, fuelling local inflation. For the record, an import-dependent economy should always seek to have cheaper imports.

As of late September, the official market places the Naira at roughly N1,500 to the dollar. On the streets, the going rate is only slightly worse, about N1,515. Compared to the chaos of a few years ago, when the gap between official and parallel rates was wide, this looks like progress on paper.

But the calm on paper only hides a real storm. The cost of the merger is being passed on to the final consumer, resulting in inflation on imported goods. Headline inflation is still punishing, running at over 21 per cent, but the 2025 budget estimated it to be 15 per cent. External debt service this year alone amounts to $5.4 billion. Foreign reserves are recovering but remain fragile. Oil still makes up more than 50 per cent of export earnings in 2025. In short, the fundamentals remain unsteady, but it is not for me to say.

A simple way to check the value of the Naira is by comparing what money buys at home and abroad. The Big Mac Index can be used here because it is a global symbol of standardisation. Assume the Big Mac burger sells for $5.79 in the U.S., while the same burger costs N3900 in Abuja. We can get the ‘implied’ exchange rate by dividing the Abuja price by the American price, which will mean about N1029 to the dollar. If we compare it with the current selling rate of N1,500, the Naira is 31 per cent, or almost three times, weaker than it ‘should’ be. That is the definition of undervaluation.

Another approach comes from the World Bank. Its figures, which compare the purchasing power of whole economies, tell a similar story. In 2023, when the dollar was around N950, the World Bank’s PPP index classified the Naira as undervalued by about 35 per cent. With soaring inflation despite rebasing and multiple devaluations since then, the gap today is probably closer to 200 per cent. In plain words, Nigerian goods and services are three times cheaper than their fair global value-this supports the result from our burger maths.

Of course, not everyone agrees. But in the reality of average Nigerians, where every imported good-from petrol to paracetamol-costs more than ever, most local analysts side with the view that the Naira is undervalued, though perhaps not as dramatically as our burger calculations show.

But let’s be clear, undervaluation is not all bad, especially for an export-oriented economy. A weaker currency makes exports more competitive. Oil, cocoa, sesame, and even manufactured goods all become cheaper to foreign buyers. That is useful for a government keen to diversify beyond oil.

But undervaluation has a dark side, especially for an import-dependent economy. Imports become painfully expensive. Nigerians rely on imports for fuel, pharmaceuticals, spare parts, and machinery. When the Naira trades at a steep discount, these goods cost far more than they should. Inflation rises, wages lose their purchasing power, and the average family feels poorer.

This is the cruel trade-off. What helps the exporter hurts the consumer. A cheap Naira may look good on paper, but on the ground, it is hardship and the cost-of-living crisis. Thanks to the deliberate, imperialist conditions imposed by the World Bank and the IMF, which devalued the Naira, among other reckless policies adopted by administrators of this administration.

So, what next? Much depends on the Central Bank’s ability to reconsider its policies. Dollar reserves are edging back towards $42 billion in 2025 from $33 billion in 2023. Surely, this is some breathing space. As long as the reserves continue to rise and the monetary policy is right, the Naira could even appreciate towards N750 per dollar. That would ease import costs and give consumers some relief.

However, this is pure blue-sky thinking. There are risks everywhere. The scariest part is that with one external action, everything will take the Naira back to its highly volatile position. A shift in US monetary policy, and this is inevitable, will make the dollar stronger. Speculation will likely increase dollar demand, and the Naira will likely be in free fall, with the dollar possibly reaching N2000 or higher. Given the heavy debt service burden, the CBN will have limited firepower to defend the Naira ‘when’ the pressure builds. Of course, we can borrow a leaf from Argentina and see how the US is planning to rescue it.

However we read it, the lesson will be grim. For households, the currency debate is not abstract economics. It is the daily reality of prices in the market. For businesses, it is the difference between competitiveness and collapse. For policymakers, it is a warning: patchwork reforms will not do.

One way to recover the Naira’s value is to address the structural problems-such as blindly accepting World Bank and IMF loan conditions, reliance on imports, overdependence on oil, and a lack of confidence among both local and foreign investors.

Until then, the Naira will remain what it is today: undervalued, unpredictable, and the image of our economic contradictions.

Youths Demand 70% Seats In House Of Reps, State Assemblies

The Future is Now project has demanded 70% youth representation in House of Representatives, State Assemblies across Nigeria.

The demand was made at the unveiling of the project at Nicon Luxury Hotel, Abuja, on Wednesday.

Young leaders and stakeholders from across Nigeria converged at the event for the project.

Participants unanimously declared that the time for youth to claim their rightful place at the decision-making table is now. The emphasized that young Nigerians were not merely the leaders of tomorrow but the leaders of today.

Speaking at the event, the convener, a former presidential aide Laolu Akande, said the project is considering an ambitious target before the next election cycle.

He said the project is seeking ‘at least 70% of Local Government Chairmanship seats to be held by youths under 35 years; 70% of State House of Assembly seats to be occupied by youths under 35 years; 70% of House of Representatives seats to be contested for and won by youths under 40 years; and a minimum of 50% of executive appointments at both Federal and State levels reserved for Nigerians under 40 years.’

However, the interim chairman of the project, who is the member representing Kebbe/Tambuwal constituency, Abdussamad Dasuki, described the project as a national commitment to dramatically increase youth leadership at all levels of governance.

He said, while signing of the Not Too Young To Run Act in 2018 served as a step forward, persistent barriers still prevent meaningful youth participation in governance.

Rep Dasuki called for a generational shift, where younger leaders not only contest elections but are supported to win and lead.

Dasuki said, ‘Today, we are not just announcing a project, but igniting a movement, one born of sacrifice, fueled by persuasion and courage, and sustained by the dreams of millions of Nigerian youth. The Future is not tomorrow – the Future is Now.

‘When a large demographic feels excluded from decision-making, frustration festers. We must act now, not only to empower, but to prevent disillusionment that can lead to instability.’

Present at the unveiling were former Minister of Youth, Solomon Dalung; Hon Ibrahim Bello Haliru (the youngest member of the National Assembly); Hon. Henry Shield; Hon Salisu Yakassai and Hon David Oloto.

I Want To Build The Next Generation Of Civic Leaders – Mu’azu

After obtaining a National Diploma (ND), Higher National Diploma (HND), and Post Graduate Diploma in Computer Science from the Federal Polytechnic, Damaturu, and Abubakar Tafawa Balewa University, Bauchi, Mu’azu Alhaji Modu, popularly known as Village Boy, turned down a job offer with Guaranty Trust Bank (GT Bank). Instead, he chose to dedicate himself to community service and accountability.

As a Mandela Washington Fellow, Mu’azu committed himself to building the next generation of civic leaders and redefining Nigeria’s future through the Youth Civic Engagement Academy. The academy, launched in 2023, empowers and supports young people across the country to become active drivers of civic change in their communities.

His passion for change also inspired the creation of Spotlight Transparency and Accountability Initiative (ST and A), a non-profit organisation focused on preventing corruption, ensuring effective resource allocation, and promoting trust in public institutions.

Mu’azu recalls that his journey into civic leadership began in 2016 while pursuing his Postgraduate Diploma at ATBU, Bauchi. He became involved with the FollowTheMoney movement founded by Hamzat B. Lawal. A few months later, he was offered a bank job but chose activism instead. ‘My journey of civic leadership and development began in 2016, while doing my post-graduate diploma (PGD) at the Abubakar Tafawa Balewa University (ATBU), Bauchi State. I started my activism with ‘FollowTheMoney’ movement founded by Hamzat B. Lawal. A few months later, I got a job with GT Bank, with a salary of N76,000, but in ‘FollowTheMoney’ I was only earning N3,000. I asked myself if I actually wanted the job or the money. I realised that I didn’t want the money, I wanted to impact the lives of others, so I turned down the bank job and continued with the movement in 2016.’

He explained that the movement soon expanded, and he became one of the first three people selected to run a state chapter in 2017. The group gained recognition for asking critical questions about governance in Yobe, and eventually eight government agencies began collaborating with FollowTheMoney to promote transparency and accountability.

With a background in computer science, Mu’azu ensured all their activities were properly documented and published online. This commitment to transparency opened more opportunities, including his selection as a Mandela Washington Fellow in 2018.

At a workshop for community leaders

‘I applied for a Mandela Fellowship; luckily for me, I was selected in the second year of my career, in 2018. I participated in a six-week-long programme in the United State (US). Because of the proper and constant documentation of what we do, the impact and the human angle stories helped me a lot in terms of getting these kinds of opportunities.’

On his return, he was encouraged by mentors to establish his own organisation. He also rose to become North-East regional lead, and later Country Director of FollowTheMoney in Nigeria. In 2019, he incorporated Spotlight for Transparency and Accountability Initiative (ST and A) as an independent trustee.

The African Youth Charter defines youth as individuals between 15 and 35. Now at the edge of that age bracket, Mu’azu says his mission is to empower others.

‘At FollowTheMoney and Spotlight for Transparency and Accountability Initiative (ST and A), something always comes to my mind. We are aging; and as young people, we ought to do things right now, because it is impossible to continue like this forever. I’m 35 now, next year, I will be 36 and based on the United Nations definition of youth, I will no longer be a youth from next year.’

This concern inspired the Youth Civic Engagement Academy. Launched in 2023 with 12 members across Yobe State, the initiative provided boot camp training, mentorship from UK-based Leadership Platform, and technical support from experts across sectors. Participants also received small grants to implement community projects.

The programme expanded to 20 fellows in 2024, and is now being scaled across the North-East, with plans to extend nationwide.

Through the academy, fellows have tackled issues in education, public health, environmental sustainability, gender-based violence, and civic engagement. Mu’azu said the first cohort reached about 50,000 people, while the second directly reached 200,000, and indirectly impacted over 500,000.

‘We’ve a system in place that tracks their performance and progress through our monitoring and evaluation system. These young people are doing an amazing job beyond our expectations. The money we are giving them is just small but they manage to do massive projects which are directly touching the lives of young people in their communities.’

In 2019, Mu’azu also introduced citizen-led tracking, a project that has monitored over 200 government initiatives across North-East Nigeria, impacting more than two million lives in five years.

‘Under the citizen-led tracking project, we have tracked over 200 projects across North-eastern Nigeria. We directly reached over 200 communities and tracked over N6 billion earmarked for basic education, primary healthcare, as well as affordable and potable drinking water, which impacted over two million people.

Also, under our ‘Know Your Legislators’, I believe we are the first organization in Nigeria that published the names, pictures, gender, political party, disability status, and other information of all 993 elected members of the 36 States Houses of Assembly.

Under the Youth Civic Engagement Academy, we have trained over 33 people, and an additional set of 25 people will be joining in September. We have also trained more than 500 people through our citizen-led tracking across communities in the North East.’

Despite numerous awards and recognition, Mu’azu believes the real success will be measured by the next generation of leaders.

‘These kinds of recognitions that we received, beyond the impact that we are making, are really encouraging us to do more but no matter how well you think you are doing it, you cannot do it forever. So we are looking at building the next generation to take over from us because in the next two or three years, we might be doing other things. So, before we leave, we want to see that there are people who will continue or even do better than what we have done in communities across Nigeria.’

He added that his vision is to use technology, including artificial intelligence, to strengthen democratic governance.

‘The legacy that I want to leave is to bring in people that are better than I am to continue doing the work, and I’m confident that the vision is already here. A lot of young people that we trained are doing amazing work, they are even two steps ahead of what we are doing. Because we are in the era of AI, they are using AI to do amazing work.’

Graduates of the academy testify to its impact.

Abubakar Musa Waziri, a member of the first cohort, said:

‘The Academy has equipped me with knowledge that for years I have been looking for but I did not get. Now, I understand what local government is all about. I also learnt how to identify a problem in the community and strategically provide a solution to that challenge or problem.

After rigorous training, I was given a mini grant to implement a civic action project in my community, which is in Fune LGA. I selected two people per ward, and trained them on the roles of local government and how they can demand accountability and transparency from the local government councils.’

Similarly, Aisha Alhaji Abba, a sociology graduate with a passion for civic engagement and humanitarian work, described her experience as transformative.

‘After six months of training at the Youth Civic Engagement Academy, I was given a mini-grant to do a project. So, I engaged with stakeholders and developed a step-down training for more than 20 young people, where we talked about the process of demanding accountability within the Almajiri system of education.’

Dangote, Others To Discuss ‘Nigeria First’ Policy At MAN AGM

The Manufacturers Association of Nigeria (MAN) is set for its 53rd Annual General Meeting (AGM) with ‘Nigeria first’ policy in focus of the discussion at the event expected to attract thousands of manufacturers, policy makers and exhibitors.

Addressing newsmen on the forthcoming AGM in Lagos between October 14 and 16, the President of MAN, Francis Meshioye, announced Aliko Dangote, Africa’s leading industrialist, President/ CEO of the Dangote Group as the Guest Speaker.

The theme of the AGM is ‘Nigeria First: Prioritizing Patronage of Made in Nigeria.’

Meshioye said the ‘Nigeria First’ Policy ‘is more than a policy directive, it is a call to action to strengthen our industries, deepen local value chains and reposition Nigeria from being a consumer driven economy to a productive economy.’

According to him, the policy represents a turning point for our nation, one that seeks to foster economic self-reliance, industrialization and national pride. ‘By mandating all Ministries, Departments, and agencies (MDAs) to patronize made in Nigeria goods and services that can be sourced locally, the Federal Government has signalled its resolve to place local industries at the heart of economic transformation,’ he said.

MAN President also hinted that the Guest of Honour on this occasion is President Bola Ahmed Tinubu, while other Economic Ministers, heads of government departments and agencies, members of the diplomatic corps, Organized Private Sector and other stakeholders attended the grand finale of the AGM.

Nigeria’s Journey In 65 Years

On this day 65 years ago, the flag of the United Kingdom, Union Jack, was lowered for the Nigerian flag to be hoisted for the first time in what signified a departure from decades of colonial rule.

It was a historic event that ushered Nigeria into the comity of nations that had won the struggle for self-rule and through the anti-colonial struggles that dominated the politics of the developing countries of that era.

With Princess Alexandra representing Queen Elizabeth II of England, Nigeria’s Prime Minister, Sir Abubakar Tafawa Balewa, received the constitutional instruments of independence in an occasion attended by world leaders and important dignitaries from within the country.

By that, Nigeria achieved two feats, it joined the league of other African nations like Liberia, Egypt, Morocco, Ghana, Guinea and others that had been under self-rule prior to1960 and did not miss what was termed ‘The year of Africa’ when many other African countries that included Cameroon, Togo, Madagascar, the Democratic Republic of the Congo, Somalia, Benin, Niger, Burkina Faso, Côte d’Ivoire, Chad and others gained independence. Those who were old enough when Nigeria gained independence recall that on October 1, 1960, the whole nation was in festive mood with the elite who understood the significance of the occasion and the masses who could barely decipher the implication of what had truly happened.

The Longkwo of Kwo Chiefdom in Qua’an-Pan Local Government Area of Plateau State, His Royal Highness, Miskoom Yahaya Kwande, in an interview with Daily Trust, recalled the events of that period.

He said, ‘People were very happy; whether they knew the meaning or not. Whether they knew what they were doing because of the independence, very few must have done so, but I believe the awareness of being an independent person was felt.’

Former Minister of State for information and Communication, Alhaji Ibrahim Dasuki Nakande, also recalled that he was in primary school when Nigeria gained independence, stating that though he was in the northern part of the country in Jos, the air of conviviality was felt.

He said he and other pupils were given flags and asked to match at the parade grounds in commemoration of the event.

Nigerian students living in London head for Nigeria House to celebrate Independence from British rule on 1st October 1960 Photo: William Vanderson/Fox Photos/Hulton Archive/Getty Images

Issues that shaped decades

Another significant stride was recorded by Nigeria, three years after when in 1963, it became a republic cutting off the apron strings of British monarchy and having a ceremonial president as well as jettisoning its reliance on the Privy Council in London for appeals in judicial matters and establishing its own Supreme Court.

With independence, the entire gamut of leadership rested on the shoulders of the indigenous politicians while focus shifted from the pre-independence mantra of anti-colonial struggles and demand for self-rule, to demand for political participation through the various parties which sought elections at the various parliaments to form the central government.

The prominent political parties then were the Action Group (AG) led by Chief Obafemi Awolowo; the National Council of Nigeria Citizens (NCNC), led by Nnamdi Azikiwe; and the Northern Peoples Congress (NPC) led by Sir Ahmadu Bello, the Sardauna of Sokoto.

Those who recall what people of that era deployed to win elections and the tactics employed to control their region admitted it created tension across the country which gave the military the excuse to intervene.

The Western Region later became combustible leading to the declaration of a state of emergency while the Benue province also erupted in violence in what was later termed the Tiv riots.

Even with the highly charged political atmosphere, the Sir AbubakarTafawa Balewa government was able to record significant strides. It completed and commissioned the River Niger Bridge, created the Midwest region, conducted a head count and held parliamentary elections.

By January 1966, however, the feared eruption came in form a military putsch when some military officers eliminated key figures in the Tafawa Balewa led administration including the prime minister in what went down the country’s first military coup.

The coup not only changed the power configuration in Nigeria but introduced a new dimension in the politics in Nigeria.

Further to that it heighted suspicion and almost succeeded in dividing the nation with the North threatening to pull out leading to the June counter coup in which many including the head of state General Aguiyi Ironsi were killed.

Prominent civil rights activist, Comrade Chom Bagu, said the coup of 1966 was what denied Nigeria the opportunity to grow as it opened the door to all kinds of experiments that did not augur well for the country.

He said, ‘It made Nigeria to deviate from what the regional government was doing. Countries that were at the same level with Nigeria like Singapore and Malaysia that took different routes are now far ahead and we have not been allowed to grow the political class.’

On his part, Nakande said the intervention was unfair as it targeted only people from one side of the country, hence engendered the retaliatory coup of July 1966.

He said by interfering with the formation of democracy and the growth of institutions, military interventions made the situation even worse. Both military and civilian regimes that came after one another were unable to create a consistent national development strategy.

The brouhaha, trading of recriminations, mutual distrust heightened tension and the inability to appease both sides led to the attempt by the then governor of the Eastern Region, Col. Chukwuemeka Ojukwu to pull his region out of Nigeria by the declaration of the nation of Biafra, causing a war which lasted two years and six months ending in January 1970.

Gowon, in the views of many, managed the aftermath of the civil war by declaring, no winner, no vanquished, and attempted to reintegrate the Eastern region back to Nigeria.

Nigeria also recorded significant developments in the aftermath of the civil war with the implementation of the development plans where destroyed infrastructure were rebuilt and many other projects were constructed. Gowon also increased the number states to 12.

Nakande believes that the military era served as a blessing to the nation because that was when many infrastructural facilities were built. It was during that time that Nigeria became a significant member of oil producing countries and joined the Organisation of Petroleum Exporting countries (OPEC).

Notwithstanding, his administration was overthrown in 1975. The new administration headed by Murtala Ramat Mohammed announced a terminal date for the return to civil rule and created seven more states raising the number of states to 19. Murtala lasted only six months in office as he was assassinated on February 13, 1976 by a group of army officers led by Col Bukar Dimka.

Murtala’s Chief of Staff, Supreme headquarters, Olusegun Obasanjo, took over and kept faith with the earlier promise made by his predecessor to hand over power to civilians and was able to conduct election and hand over to a new administration on October 1, 1979, ushering in Alhaji Shehu Shagari as Nigeria’s first executive president.

Four years and three months in office, the military struck again, sacking the democratic structures known as the 2nd Republic, replacing it with a new military government headed by Muhammadu Buhari.

Buhari’s Chief of Army staff, General Ibrahim Babangida, in August1985, sacked his former boss and took over power in what is described as a palace coup.

Expectedly, the political experiment plunged Nigeria into one of its most trying times with the cancelation of the June 12 1993 elections believed to have been won by MKO Abiola.

The pressure mounted on the military administration to honour the mandate made Babangida to step aside making way for what he called the interim national government headed by Chief Ernest Shonekan to president over the affairs of the nation.

But the then secretary of Defence, General Sani Abacha overthrew Shonekan and reigned for five years before he died in office and General Abdulsalami Abubakar stepped in to fill the void.

Abdulsalami conducted elections and handed over to a civilian administration in which Obasanjo again emerged as president. Obasanjo reigned for eight years and was succeeded by then governor of Katsina State, Umaru Yar’adua who was in office for nearly three years but died in office on 5th May, 2010. Yar’adua’s deputy, Goodluck Jonathan, stepped into the shoes and ruled till 2015 when he lost his bid to come for another term as he was defeated by Muhammadu Buhari who reigned for eight years and handed over to the current president Bola Ahmed Tinubu.

‘Standard of living on decline since 1960’

Speaking on the anniversary, the publicity secretary of the Afenifere under late Ayo Adebanjo, Prince Justice Faloye, questioned what is being celebrated when the country is regressing from the standards of living and quality of life it had at independence in 1960.

He said the only new thing has been the rotation of power to some sections of the country.

Tracing history, Faloye said the military takeover of government and the policies they pursued crippled the country’s economy, especially from 1978.

He said the neo-liberal policies such as the Structural Adjustment Programme (SAP) and removal of subsidies wiped out the purchasing power of the citizens.

‘Since 1978 when Obasanjo brought the ‘Ali Must Go’, it has been downward; things have been getting worse,’ he said.

‘That is one of the reasons that China has overtaken America and UK because of this ‘trickle down economics’ brought by Ronald Reagan and Margaret Thatcher, which only pays the rich and the poor suffer.

‘Poverty in Nigeria has increased while those countries that did not take the neo-liberal policies have moved forward.’

He called for a return to the welfare state of abundance for all and restructuring to restore true federalism among the federating units.

In his view, a professor of Political Science at the University of Nigeria Nsukka, Prof Obasi Igwe, said the country’s 65 years have been marked by injustice and inequality among the various components.

‘Our reliance on petro-dollars is not good’

Prof. Murtala Mohammed of the department of history and international studies, North West University, Kano, said Nigeria’s major problem lies in the fact that early leadership increased ethnic competition rather than creating a cohesive social contract.

He added: ‘Nigeria’s biggest economic blunder, as seen through the lens of critical political economics, was its over reliance on oil earnings starting in the 1970s. Nigeria grew overly dependent on crude oil exports, ignoring industry, technology, and agriculture in favour of diversifying its economy and developing new industries. He said this over-reliance made government vulnerable to changes in the price of oil globally, skewed fiscal policy, and fostered corruption.

‘From the perspective of leadership and governance, Nigeria’s failure has been attributed to a lack of vision, accountability, and continuity. Instead of focusing on the politics of transformation, leadership has frequently been relegated to the politics of survival,’ he said.

But some hail Nigeria for surviving major turbulences that threatened its existence that included the Western region imbroglio; the coup and counter coup of 1966; the Civil war; overthrow of Gowon; the abortive coup of 1976; the June 12 imbroglio, the recent Boko Haram crisis and pre-election violence

The country also has unique experiences. For instance, four former heads of state, Aguiyi Ironsi; Murtala Mohammed; Sani Abacha and Yar’adua died in office while five of its leaders, Ironsi, Gowon, Murtala; Shagari, Buhari and Shonekan were overthrown from office.

Further to that, two of its leaders, Obasanjo and Buhari came back as democratically elected presidents after serving as military heads of state while one, incumbent; Jonathan was defeated in a general election.

Ironsi, Murtala, Shonekan, and Abdulsalami served for less than a year in office, while the longest serving were Gowon, nine years, Babangida, eight; Buhari, ten; and Obasanjo, eleven (Both under military and democratic rules)

With the ups and downs, people still believe there’s hope for Nigeria and that the nation has established its presence in the comity of developed nations.

Comrade Bagu said: ‘There’s hope and there’s no hope. We should look and take inspiration from the experiences of other countries. We have to look in the direction of other countries that were at the same level with us but politics is not allowing forces to elect the right leaders as the emerging leaders are tied to godfathers and want to maintain old privileges.

‘Any new person that wants to make it in different ways has no hope as he would be blocked and strangulated,’ he stressed.

Prof Muhammad on his part said Nigeria’s future depends on a serious realisation that it cannot keep going in the same direction and expect different outcomes.

‘The foundation of national regeneration must be the reconstruction of institutions. To break free from the cycle of mis-governance, it is essential to strengthen the rule of law, safeguard electoral integrity, and improve accountability. In the absence of reliable institutions, government will remain transactional and leadership will remain individualised.

‘Nigeria must make a concerted effort to strengthen monitoring agencies, protect the court from political meddling, and professionalise its bureaucracy so that they can combat corruption in more than just words,’ he said.

Unprepared leaders behind our woes – Dr. Sufi

A political analyst, Dr. Kabiru Sufi, has said Nigeria’s developmental setbacks stem largely from unprepared leaders who assume office without concrete plans for governance.

Speaking in an interview, Dr. Sufi said reversing the trend requires leaders with a ‘Marshall Plan-like approach’ that integrates political, economic, and social reforms rather than prioritising one sector at the expense of others.

‘We need leaders who are prepared with a holistic approach-focusing on political, social, and economic solutions to our problems. If we only focus on political issues and leave the economy to suffer, or focus mainly on economic issues while political crises erode the progress being made, we will remain stuck,’ he explained.

Reports by John Chuks Azu, Abuja; Salim Umar Ibrahim and Ahmad Datti, Kano

Police Kill 3 Suspected Kidnappers, Recover Arms In Niger

Police and vigilantes in Niger State have killed three suspected kidnappers at Kokolo forest, Kawo-Auna village, in Magama LGA of Niger State.

The spokesperson for the state police command, SP Wasiu Abiodun, who made this known, said two AK-47 rifles and 49 live ammunition were recovered.

He said the success was in continuation of the command’s clearance operations in some identified suspected kidnappers’ hideouts.

He said a kidnapped victim was rescued during the operation.

In a related development, operatives of the command arrested a 28-year-old Bashir Abubakar of Kebbi State, for alleged fraud and theft by trick in Kontagora.

The suspect was said to have gone to a shop in New Market, Kontagora, reportedly to buy a mobile phone and accessories valued at over N500,000, where he left behind a bag with the shop attendant, claiming he would return shortly to complete the payment.

Upon inspection, the bag was found to contain pieces of paper arranged to resemble Naira notes.

Abiodun said the suspect was immediately recognized as the same person who was involved in a similar scam in August this year, where he allegedly collected two mobile phones worth N240,000 and left a suspected stolen motorcycle at the scene, claiming he would return with payment-but never did.

The suspect was nearly lynched by an angry mob before police from ‘B’ Division intervened, rescued him, and took him into custody.