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The first prosecution witness (PW1) in the trial of former Taraba State Governor Darius Ishaku, Ismail Lawal, has said he could not remember the total amount he collected on behalf the governor.

Lawal (PW1) was a Personal Assistant to the former governor. He was testifying at the Federal Capital Territory (FCT) High Court, Maitama, Abuja.

Ishaku and Bello Yero, a former Permanent Secretary in the Bureau for Local Government and Chieftaincy Affairs, are being prosecuted by the Economic and Financial Crimes Commission (EFCC) for financial fraud allegations.

They are standing trial before Justice Sylvanus Oriji on a 15-count charge bordering on criminal breach of trust, conspiracy and conversion of public funds to the tune of N27 billion.

The former governor and his co-defendant pleaded not guilty.

At the resumed sitting in the trial yesterday, Lawal told the court during a cross-examination by counsel to the former governor, Paul Ogbole (SAN), that he collected cash on behalf of the first defendant.

The witness stated that though he collected money, he could not remember the total amount and the dates he collected the money.

‘I collected the first defendant’s earned allowances and distributed them based on his instructions.

‘I don’t know the total amount I received on his behalf. I also don’t know the dates,’ Lawal told the court.

The witness also said he was paid allowances for working with the former governor.

He added that he was paid N20,000 allowance per day anytime he travelled with his principal.

Lawal said he was paid a N130,000 monthly salary and had a poultry farm at Kubwa, Abuja, with 6,000 birds while working with the former governor.

‘The birds were 6,000 then, but as of today, they are 2,000. The capacity has diminished.

‘As of then, the poultry’s value was about N5 million. It is being run by my father and me,’ he said.

When shown a notebook in which he made entries of the allowances he collected, earlier tendered as an exhibit by the prosecution, Lawal told the court that the entries were not countersigned by those he collected cash from.

The witness stated that the notebook was neither a government record nor banking record, adding that the recording he did in the notebook was between him and the former governor.

Answering other questions, Lawal said: ‘I was asked to go to Lagos by His Excellency (Ishaku). That was not the first time I had been to Lagos; I have friends and relatives there.

‘I stayed in hotels in Lagos. I paid bills for the time I stayed there at N20,000 per day, totalling N600,000 per month. I spent one year and seven months there.’

The witness said he did not tender any hotel receipts, adding that EFCC operatives who arrested him in his hotel room in Lagos took away some documents, including some of the receipts.

The PW1 told the court that he was taken to the Lagos office of the EFCC when he was arrested and was brought to Abuja from there on the same day.

He added that he made a statement to the anti-graft agency in Lagos.

After listening to the witness, Justice Oriji adjourned the case till October 20 for the continuation of the cross-examination of the PW1.

It was with mixed feelings that I received the recent report of a heavy fine imposed on Amazon over a business practice infraction. After a two-year legal tango, the American online shopping giant was ordered by a U.S. court to pay a historic $2.5 billion settlement with the Federal Trade Commission (FTC).

Amazon was accused in 2023 of tricking consumers into signing up for its Prime subscription service and then made it hard to cancel.

It was established that Amazon used sophisticated subscription traps designed to manipulate consumers into enrolling in Prime, and then made it exceedingly hard for consumers to end their subscription.

For this, Amazon is required to pay a $1 billion civil penalty and provide another $1.5 billion in refunds to an estimated 35 million customers that were ‘harmed by their deceptive Prime enrolment practices’.

Not only did Amazon obey, it quickly unveiled remedial steps it was taking to be compliant with FTC rules. These include ‘clear and conspicuous disclosures’ about the terms of Prime during enrolment process and the ‘easy ways’ to cancel the programme.

For me, what is quite striking is the willingness shown by Amazon to obey the judgement and make restitution without any drama. Its response is consistent with the usual practice of corporates in the U.S. which clearly demonstrates a submission to the rule of law. This is unlike what happens elsewhere, particularly in Africa where these big corporate players behave like outlaws and often resort to all manner of dirty tactics to either stall or compromise judicial process in their respective country of operation. Sadly, they often engage indigenous lawyers without any form of patriotism to undermine their own fatherland.

The example of Amazon only reminds of the contrast of Meta found guilty of corporate atrocities in a place like Nigeria. With its footprints and fingerprints in many courts across the world, Meta can, in fact, rightly be described today as a serial international offender, often motivated by a carnal desire to maximise profit at the expense of the law.

Only in April here in Nigeria, many will recall that Meta was found guilty of heinous breaches including trading with the personal data of millions of unsuspecting Nigerians who use their platforms – Facebook and WhatsApp. The case was brought against them by Federal Competition and Consumer Protection Commission (FCCPC), Nigeria’s equivalent of U.S. FTC.

The fine imposed on Meta in April by the Nigerian tribunal was $220m, with June set as deadline for payment to the federal government.

Earlier in 2024, FCCPC had imposed the fine after due forensic investigation. But typically, Meta thumbed its nose in contempt. It filed an appeal at the tribunal. It took a whole year for the tribunal to review FCCPC’ argument and Meta’s defence before upholding the former.

But no sooner had the judgement been delivered than Meta arrogantly threatened to quit Nigeria, as if it was doing its Nigerian clients a favour. Of course, everyone knew it was all a bluff of a corporate Shylock caught pants down. Apparently realising how futile that was, Meta later resorted to the usual tactic to stall the wheel of justice: file a notice of appeal. Sadly, six months later, we have not heard anything about the case again.

But this is not how Meta behaves back home in America. In 2024, it was fined $1.4b in Texas for the same offence it was asked to pay a ‘chicken feed’ of $220m in Nigeria by FCCPC. The Texas court established that Meta had unlawfully collected and used facial recognition data from millions of Texans without their consent, violating the state’s Capture or Use of Biometric Identifier Act (CUBI).

Elsewhere in Europe, it was also asked to pay $1.3 billion for violating E.U. Data Privacy Rules. In India, South Korea, France and Australia, Meta had faced varying penalties for similar breaches.

But note: wherever it was founded guilty of market abuse outside Africa, Meta promptly obeyed the order to make restitution. It never resorted to the cheap blackmail of threatening to exit those countries.

It is the reason I believe every patriotic and proud Nigerian should be outraged by this seeming apartheid policy by Meta. In the 70s, 80s and early 90s, Nigerians didn’t take kindly with the Apartheid policy in South Africa. No justification, therefore, to stomach a similar insult by Meta. Good enough, there are viable alternatives now promoted by the Chinese. If Meta is not ready to play by the rules set by regulatory authorities in Nigeria like they do in other jurisdictions, they should pack their bags and go where their shenanigans will be tolerated.

Whenever I reflect on graduate joblessness these days, I cannot but recall the good old days when there were more jobs than graduates. My employment history reflected the spirit of the times. Upon my completion of secondary school education at Olofin Anglican Grammar School, Idanre, the School Principal, the late Mr. Titus Adeola Oke, gave me a hybrid employment to teach literature in form two and also assist him in his office, even before the West African School Certificate examination results were released.

Years later, after completing my degree in English at the University of Ife, a job was waiting for me at the same secondary school. However, by September of that same year, I was called back to Ife to start my university teaching career. These early encounters with the job market were replicated over and over again throughout my career. I was headhunted for all my teaching and research positions at home and abroad. The truth is that every graduate I knew at that time had a job waiting for him or her somewhere. With only five or six universities in Nigeria at that time, there were more job openings than there were university graduates to fill the vacancies. What is more, a number of my contemporaries in secondary school, who did not go to the university, aquired enough transferable skills and self discipline to study via correspondence tuition to become accountants, lawyers, and what have you, and they eventually rose to the top of their professions.

Of course, the population has exploded since my undergraduate days, and higher education institutions have mushroomed out of control. Today, there are 307 universities and 812 Technical and Vocational Education and Training (TVET) institutions in Nigeria, according to latest figures from the National Universities Commission and the National Board of Technical Education, respectively. The TVET institutions include 194 polytechnics; 32 Colleges of Agriculture; 131 Colleges of Health Sciences; 154 Colleges of Nursing Science; 181 Innovation Enterprise Institutions;153 Technical Colleges; and 98 so-called Specialised Institutions. Altogether, there are 1,119 higher education institutions in the country, churning out hundreds of thousands of students every year.

It is estimated that 50 percent or more of graduates from these institutions today are unemployed or underemployed. There are many factors responsible for this unpleasant outcome. First, the unplanned multiplicity of higher education institutions has produced graduates far more than available jobs.

Second, many factories and manufacturing industries, which are major employers of labour, have been shutting down in response to a slowing economy, high interest rates, poor or inadequate infrastructure, and insecurity.

Third, educational standards have been on the decline due to numerous factors, including inadequate staffing, poor remuneration and incentives, lack of necessary equipment and facilities, decrepit infrastructure, and over-population of teaching spaces and labs.

Fourth, institutions have not been keeping their curriculums relevant to the needs of the job market. To complicate matters, today’s graduates are hardly equipped with proper career orientation, which often makes it difficult for them to find a suitable job that matches their qualifications.

Fifth, our graduates are victims of a skills gap. In other words, there is a serious mismatch between the skills and competencies our graduates have and the skills employers need for job vacancies. Such skills or competencies should normally be identified at the beginning of a class lesson, a lab work, or a workshop so that students are keyed into them. Students also should be trained on how to transfer skills from one area of knowledge to another in order to solve a new problem or adapt to a new job situation.

I noticed this knowledge gap in my encounter with some graduates while conducting a workshop for teachers of English in a secondary school. I was astonished that a graduate of English had difficulty reading, understanding, and teaching a literature textbook outside the ones she studied before as a student. I also came across a graduate of statistics, who lacked the basic skills to assist in the analysis of data obtained in an opinion poll.

Sixth, many Nigerian graduates are not sufficiently computer literate for today’s job market. They complete their education without adequate computer skills beyond the use of the telephone and social media Apps. They can use of Google to search for answers to homework assignments all right or hack into other users’ data for fraudulent purposes. But they lack basic knowledge of how computers work and can hardly use productivity software. That is why today, the integration of technology, especially Artificial Intelligence (AI) and automation, even in knowledge-based sectors, is displacing workers and contributing to graduate unemployment.

Finally, and I blush each time I must repeat this: Most Nigerian graduates lack basic communicative skills in English, the official language, and the language of white-collar workplaces. This is especially true of graduates of public universities and even worse for polytechnic and other TVET graduates. Sometimes, I wonder whether English was their medium of instruction at all or how they succeeded if it was!

I must add, however, that the various problems discussed above are not peculiar to Nigeria. These same factors also account for graduate unemployment across the globe. Nevertheless, the problems vary from country to country. So is the rate of unemployment. For example, on the one hand, university graduate unemployment rate is relatively high in the United States, where the rate is now about the same as the unemployment rate for those without university education.

On the other hand, university graduate unemployment in Britain and the European Union is lower than that of the United States, with significant variations from country to country. A major reason for the difference is in the alignment of skills acquired in European universities and the job market.

What is important for Nigeria is to tackle these problems headlong. President Bola Ahmed Tinubu has taken several major steps in this direction. First, he put a seven-year moratorium on the establishment of universities in the country to halt the overproduction of university graduates. The moratorium should be generalised across all higher education institutions. Besides, a thorough survey of all higher institutions in the country should be carried out with a view to closing failed institutions or merge failing ones with more successful or bigger institutions in order to consolidate resources.

Second, President Tinubu has ordered the final revision and implementation of secondary education curriculum to better prepare students for entry into higher educational institutions.

Third, he ordered a focus on TVET education, with attention on skills acquisition. Under the astute management of Professor Duke Okoro, the Rector, the young Federal Polytechnic, Orogun, Delta State, has invested in skills acquisition and skills transfer from the beginning, which enabled the institution recently to win first place in national engineering competition on ‘Applying Engineering Solutions to Tanker Explosion and Fire Outbreak.’

But a lot more still needs be done. The remuneration of teachers across the education sector is long overdue for upward revision in light of current economic realities. There should be more effort on job creation through greater investment in infrastructure beyond road construction. More attention should be given to power and water supply as well as recreational facilities.

The need to enhance security is also critical to attracting investment and creating a path to reindustrialisation. Still more effort should be made to make state and local goverments more responsible for education.

Finally, it is necessary to inject new blood into the civil service and encourage old hands to retire quietly. This is one way to initiate changes in existing civil service culture with all its problems, while also creating jobs for new graduates.

Prestige Assurance Plc has recorded a 51 percent growth in its gross written premium for the 2024 financial year, reflecting resilience in a challenging operating environment.

The underwriting firm generated a gross written premium of N22.47 billion in 2024, compared to N14.87 billion in 2023.

Profit after tax also rose significantly to N3.236 billion, up from N1.310 billion in the previous year.

On the company’s financial position, shareholders’ funds rose by 21 per cent to N19.37 billion in 2024, up from N15.93 billion in 2023.

Total assets also grew by 36 percent, closing the year at N38 billion compared to N27.9 billion a year earlier.

Prestige Chairman, Mrs. Funmi Oyetunji made this known while presenting the 2024 financial report at the 55th Annual General Meeting (AGM) of the firm in Lagos.

She attributed the strong performance to improved underwriting discipline, prudent investment management, and the dedication of management and staff. She also said the results reflect the resilience of their people’s unwavering commitment to meeting the evolving needs of policyholders.

Despite the improved topline numbers, she noted that underwriting performance was affected by the difficult operating environment, recording a figure of N128 million from N619 million in 2023.

To address this, Oyetunji explained that the company had introduced several initiatives, including revising policy terms especially on Goods-in-Transit cover to keep risk exposure within manageable limits. Pre-loss survey exercises are also being prioritized for Fire and Engineering risks, where claims are more prevalent. Additionally, marine cargo superintending has been strengthened to ensure safe handling of shipments and minimize losses.

However, Oyetunji announced that the company would not be recommending dividend payments for the 2024 financial year.

She explained that the decision was driven by the need to consolidate funds in preparation for the insurance industry recapitalization exercise.

She said: ‘The Board remains committed to a policy of regular dividend payments to our shareholders in appreciation of their continued faith in the company. We are optimistic that dividends will resume after the recapitalization,’ she assured.

‘Looking ahead, we will focus on sustainable long-term growth by strengthening underwriting operations, enhancing product innovation, and maintaining robust claims-paying capacity’, she added.

The management of Shooting Stars Sports Club of Ibadan has confirmed that two of its players: Taye Muritala and Abdullahi Lawal who underwent successful surgeries over the weekend, are now recovering.

According to a report from the club, the two players expected to re-join the squad during the course of the season.

The club stated that it remains committed to the health and welfare of its players, which it places as its top priority.

The Oluyole Warriors last weekend picked up their first away win of the ongoing 2025/26 NPFL season after staging a 2-1 comeback win over Warri Wolves in Ozoro.

They Oluyole will next host Plateau United this weekend, in what promises to be another mouthwatering NPFL match day 7 fixture in Ibadan.

As the world braces for a looming crisis in aquaculture feed, a group of bright Nigerian students is stepping forward with a solution that could reshape the future of fish farming. Students from Adiaha Obong Secondary Comprehensive School in Akwa Ibom State have captured national attention after winning the Ibom Innovation Challenge with their groundbreaking project, the Remote Fish Farming Monitoring System.

Their achievement comes against the backdrop of a sobering report by global financial services provider Rabobank, which has raised alarm over the growing shortage of fishmeal and fish oil-two key ingredients critical to the survival of the global aquaculture industry.

According to the report, titled Hooked on Scarcity, the supply of these marine-based feed ingredients is under severe strain as demand continues to outpace natural production.

Aquaculture, already one of the fastest-growing food sectors in the world, consumes nearly 90 percent of global fishmeal and about 70 percent of fish oil.

With production of salmon, shrimp, and other aquaculture staples expected to rise by 12 million metric tonnes by 2033, Rabobank warned that scarcity could begin as early as 2028, threatening both food security and livelihoods worldwide.

Against this global challenge, the young innovators in Uyo are offering hope. Known as the ‘Adisco Great Tech Innovators,’ the team’s winning project was showcased during the Akwa Ibom Tech Week 2024, where it captured the imagination of judges and audiences alike. The Remote Fish Farming Monitoring System is designed to help fish farmers oversee and control their ponds from a distance, using digital tools to track feeding, water quality, and fish health. By reducing waste and increasing efficiency, the system has the potential to make local aquaculture more resilient and sustainable-an innovation with implications far beyond Nigeria.

‘This project is not just a student experiment. ‘It is a practical response to a real problem. The new question for the youth is not ‘what do you want to become?’ but ‘what problem do you want to solve?’ These young people have answered that question brilliantly.’ said President , Ibom Innovation Network, Engr. Hanson Johnson, the organisation behind the challenge.

The Ibom Innovation Challenge, which has become a hub for nurturing grassroots technological solutions, rewarded the students with a N250,000 cash prize to further develop their idea. In addition to the financial support, members of the Ibom Innovation Network paid a celebratory visit to the school, recognising the team’s ingenuity and reaffirming the state’s commitment to fostering innovation among young people.

The Team leader, Mfoniso Patrick described the win as a turning point in her personal and academic journey. ‘This project has sparked a new interest in the world of technology for me.We started with just an idea, and now we see that it can solve real problems faced by farmers in our community. That is exciting,’ she said.

The Principal Mrs. Theresa Paulinus praised the students for their dedication, calling the achievement a reflection of both their determination and the school’s commitment to nurturing talent. ‘This victory is a testament to what our young people can achieve when they are encouraged to think critically and work together,’ she said.

Teacher and mentor Effiom Ekpo, who guided the team, added: ‘We are very proud of them. They have shown that innovation is not limited to big cities or universities-it can come from anywhere, including a secondary school classroom in Akwa Ibom.’

The breakthrough comes at a time when Nigeria, like many countries, is grappling with how to scale up fish production to meet growing demand. The country is one of the largest aquaculture producers in sub-Saharan Africa, but farmers often face challenges ranging from high feed costs to poor pond management. Observers say the innovation has symbolic value as well. It demonstrates how local ingenuity, when given the right support, can tackle challenges of global scale. While the Rabobank report paints a grim picture of looming shortages, the success of the Adisco team suggests that part of the solution may lie in empowering local communities to innovate.

The Ibom Innovation Network is already looking ahead, encouraging more students to join the movement. Plans are underway for the next Akwa Ibom Tech Week, scheduled for November 3-8, 2025. Organizers say they expect even greater participation from schools, startups, and young inventors, further cementing the state’s reputation as a hub for technological creativity.

The First Lady, Senator Oluremi Tinubu, yesterday hosted the Russian Chapter of the BRICS Women’s Business Alliance at the State House in Abuja.

She said Nigeria is a fertile ground for global partnerships and a dependable ally of the BRICS bloc.

Welcoming the business alliance’s delegation, led by its Chairperson, Anna Nesterova, Mrs. Tinubu described Nigeria as ‘a very interesting place that you will find rewarding for partnerships’.

The First Lady assured the visitors of her office’s continued advocacy for women’s empowerment and entrepreneurship.

She stressed the statutory role of government ministries in driving concrete economic engagements, saying: ‘My office will continue to provide advocacy and encouragement, but the ministries have the statutory responsibilities and budgets to support your mission.

‘I do a lot of programmes through my foundation, but when it comes to women’s empowerment and entrepreneurship, the ministries are the right partners. My role is to complement, advise, and facilitate.’

Mrs. Tinubu highlighted her humanitarian work through the Renewed Hope Initiative (RHI), saying she has personal commitments to education, women, and children.

The First Lady recalled that she dedicated her 65th birthday to raising funds for a national library project and announced plans to distribute sanitary kits to schoolgirls in Gombe State as part of her outreach to rural communities.

Nesterova praised Mrs. Tinubu as ‘an incredible woman who not only changes lives for the better but also paves the way for a prosperous future for the Nigerian people’.

The BRICS Women’s Business Alliance chairperson announced the group’s plans to establish a regional office in Nigeria to serve as a gateway for women entrepreneurs into international markets.

She also announced a donation of 1,000 labour and delivery kits to support maternal health in Nigeria.

The chairperson highlighted the alliance’s global reach, saying: ‘Our Common Digital Platform currently connects more than 3,000 businesswomen from 60 countries. Last year, the BRICS Women’s Startups Contest attracted 50 applications from Nigeria alone.’

The Russian delegation included senior executives and academics, such as Ms. Liudmila Shcherbakova of VET PHARM Group, Ms. Natalia Vershinina of United Migration Centre, Prof. Liudmila Popova of Orel State University, and Ms. Anna Meshcheryakova of Third Opinion AI.

They expressed readiness to collaborate in the areas of pharmaceuticals and labour mobility to financial literacy and AI-driven healthcare solutions.

The visitors joined Nigerian officials at a technical session, which held at the State House Banquet Hall and focused on the topic: Strengthening Bilateral Ties and Exploring Investment Opportunities between Nigeria and Russia.

The Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, described the engagement as a new chapter in Nigeria-Russia relations.

‘This gathering must go beyond symbolism. It should deliver actionable frameworks for cooperation, joint ventures, and enduring networks between Nigerian and Russian women entrepreneurs,’ she said.

The minister linked the talks to President Bola Ahmed Tinubu’s Renewed Hope foreign policy agenda, stressing that empowering women is ‘not just a moral duty but a strategic investment in national growth and stability’.

Also, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, delved into over six decades of Nigeria-Russia cooperation in education, technology, defence, and energy.

She noted that Nigerian women own over 40 per cent of small and medium enterprises and constitute nearly 39 per cent of registered exporters.

‘With Nigeria’s demographic strength and entrepreneurial dynamism, and Russia’s technological expertise, our two nations can pursue mutually beneficial partnerships in agriculture, food security, mining, energy, the digital economy, and healthcare,’ Oduwole said.

The minister underscored Nigeria’s gateway role under the African Continental Free Trade Area (AfCFTA), offering investors access to a $3 trillion market of 1.3 billion people.

Other speakers at the event included the Minister of Women Affairs, Imaan Sulieman-Ibrahim, and the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, who stressed the importance of women and youth in driving innovation and inclusive growth.

Rite Foods Limited has reaffirmed its commitment to reducing greenhouse gas emissions through sustainable innovations in its manufacturing processes.

The spoke while hosting reporters on a tour of its Energy Centre in Ososa, Ogun State, as part of activities that marked this year’s World Ozone Day. The day highlighted the importance of collective global action in protecting the ozone layer-earth’s natural shield against harmful ultraviolet radiation-and reinforces the need for continued efforts to tackle broader environmental challenges such as climate change and pollution.

Speaking during the tour, General Manager, Operations, Olufemi Ajileye, said the company is determined to set the pace in sustainable manufacturing with world-class processes that conserve energy, protect the environment, and cut carbon emissions.

At its factory, the company deployed fully automated systems, energy-efficient technologies, renewable energy, and advanced carbon-free infrastructure-all designed to safeguard the ozone layer and minimize its ecological footprint.

Head of Corporate Affairs and Sustainability, Ekuma Eze, explained that sustainability was embedded in the facility’s design. According to him, the company’s unique energy mix-92per cent gas, 6.5per cent diesel, and 1.5per cent solar-alongside low-emission technologies has kept its carbon intensity below 800gCO2/lpb, far lower than the industry average of 1,300-2,500gCO2/lpb.

‘This demonstrates our commitment to cleaner energy sources, cutting greenhouse gas emissions, and protecting the ozone layer,’ Eze said.

Ajileye added that the factory’s cooling plant is equipped with advanced safety systems that ensure zero ammonia leaks and eliminate harmful emissions. This, he said, not only protects the environment but also guarantees the highest standards of product quality and safety.

Beyond factory operations, the company extends its environmental stewardship through its CSR pillars-Education, Youth Empowerment, Environmental Stewardship, and Community Development (EYEC). Its flagship programme, RiteOnTheBeach, has championed ecological conservation along Lagos’ coastlines by promoting plastic waste recovery, recycling, and community-led clean-ups that generate jobs and fund school supplies for children in underserved communities.

These initiatives, the company noted, reflect its commitment to circular economy practices that reduce waste, empower communities, and protect future generations.

Rite Foods’ efforts have not gone unnoticed. The company was recently named Food Company of the Year 2024 at the Independent Media Awards. Its portfolio-which includes 13 Bigi Carbonated Soft Drink variants, Bigi Premium Drinking Water, Sosa Fruit Drink in five flavours, Nigeria’s No. 1 Fearless Energy Drink, and Rite Spicy Beef and Bigi Beef Sausage Rolls-continues to refresh millions of consumers nationwide, proudly produced to world-class standards.

Is there a reason to celebrate the 65th anniversary of Nigeria as an independent country? Some doubt it, mainly because of the many twists, turns and rocky rides. But, others contend that there are reasons to mark the landmark because the country has survived despite so many challenges that could have truncated the journey.

But, here we are.

The first indication that it would not be a smooth ride came soon after the Union Jack was lowered at the complex later named after the first Prime Minister, Alhaji Abubakar Tafawa Balewa. Chief Obafemi Awolowo could hardly hide his indignation in his memoirs as he recalled that he was tucked in a corner at the event, far away from where other main actors in the independence struggle sat. Pettiness at play.

Since the National Council of Nigerian Citizens (NCNC), one of the three major political parties opted to align with the Northern People’s Congress (NPC), leaving the Action Group (AG) in the lurch; it was obvious that some dirty fight lurked. Federal might was unleashed to dislodge the AG from the Western Region where it held sway, with a breakaway faction led by Chief Samuel Ladoke Akintola propped up to seize control.

The process started as early as 1962, when an externally-induced implosion was made to hit the AG like a dynamite. Soon after came the Coker Commission of Enquiry, the Treasonable Felony Trial, restriction and later jailing of the AG leader and founder, Chief Awolowo.

Those not blinded by partisanship knew going that route would not end well as Awolowo was a cult figure in the Western Region. Before the Federal Elections of 1964, the alliance between NCNC and NPC had disintegrated. Two broad alliances went into that election. The NCNC and the Akintola splinter group formed the Nigerian National Alliance (NNA) while the NCNC and AG formed the United Progressive Grand Alliance (UPGA). Obviously AG was the party of the Western Region, but the federal elections and the consequent regional election of January 1965 were ignobly rigged in favour of the NNA to dislodge the AG.

Politically, the trend has continued since then. Each election was hotly contested and rejected by the losers. It could hardly be said that, beyond electoral infrastructure put in place at so much cost, Nigeria has failed to mature on election matters over the years.

Apparently, for every action, there is a reaction. The manipulation of the polity led to the military coup of 1966. And, consequently, there was the pogrom, the counter-coup of July 1966 and the civil war that boiled over the following year. In the process, no institution of state was spared the accompanying desecration, including the military.

Although General Yakubu Gowon who was head of state when the war ended in January 1970 announced that there was ”no victor, no vanquished”, it was obvious that the Biafra secession bid had been quashed and there were consequences. Till date, the South East that sought to leave the union has continued to complain about marginalisation; at least politically.

Such political mistrust among the various parts of the country could not but have affected the economy, social relations, and thus, development. Insecurity, though diminished in some parts, is a concern in other parts of the country. In the North East, there is the Boko Haram and Ansaru insurgency that has raged for more than 16 years. It has claimed so many lives and herded many into poorly funded refugee camps. Happily, two kingpins of the groups have been nabbed. It’s progress.

It has spread to the North Central, especially in Plateau and Benue States, where some schools and targeted communities have not been spared. In the region, it took the form of religious intolerance, well-armed herders taking on farmers and wanton destruction of farms, homes and lives by terrorists. In the North West also, banditry and kidnapping have been the order of the day as enemies of state and criminals have continued to unleash their fury on the people. Kaduna State brandishes hope in the region and there may be a berth of peace in places like Zamfara and Katsina where there are still challenges.

In other parts of the country, the South West and South South, kidnapping for ransom has been on a lower scale. In all cases, the police and armed forces have recorded advances. Much work remains. The destruction of livelihoods has pushed more Nigerians into the poverty net.

Thus, until the Tinubu administration courageously came up with measures to check the periodic eruption of economic recession, it was as if successive governments, military or civilian, had no clue what to do. For two years now, the economy appears to have become stable, though it still has a long way to go.

The President said at the coronation of the Olubadan of Ibadan, Oba Rashidi Ladoja, last week, that the economy has turned the bend. But, has it really? The macro-economic indices suggest that it has, with headline inflation constantly heading South month-on-month for about half a year now, and the GDP recording sometimes record increase. But, it is yet to percolate to the common man who, therefore, finds it difficult to believe the authorities. It is expected that the result would be more visible in 2026.

The story of the nation since independence has been a talent of official squandermania and brigandage, with little vision to plan and save. The subsidy scam and currency manipulation brought the economy to a state where we borrowed to pay routine government bills. Hence the task of rescue before the Tinubu administration thst has headed off the economic apocalypse with his reforms.

Obviously, where the economy has been in the doldrums for so long, the health and education sectors could only have received some battering. Neither has received up to seven per cent allocation from the budget in the past 20 years. Political leaders express disgust for the local health institutions by patronising foreign hospitals for the most common ailments.

When seizing power from the Shagari administration in 1983, General Muhammadu Buhari described our hospitals as ”mere consulting clinics”. Not much has changed since then, compounded now by exodus of doctors, old and young, who have chosen to export their services to other lands. Nigerian students, too, sell whatever is available to obtain higher education abroad. Until of course, the NELFUND initiative offering loans to students of the poor.

It should not be all about lamentations about missed opportunities. A lot could be done to salvage the situation as there is unanimity of opinion among experts that Nigeria has an abundance of human and material resources to draw it out of the wood. It has a population, all of about 230 million, mostly young people who are energetic and forward looking, as against 30 million in 1960. This is an asset that most countries lack.

It also has so much solid minerals in all parts of the country, mostly waiting to be tapped. Those being tapped are by criminals and foreigners. Crude oil that has been a blessing to other nations has been largely doom to Nigeria, owing to poor management and monumental corruption. Of late, though, crude oil output has ticked up due to work by our armed forces to curb criminals stealing our black gold.

If corruption is checked and appropriate persons are employed to ensure that Nigeria joins the league of developed countries, in a short while, Nigerians would be proud of their country again and we can stand tall in the comity of nations. The Central Bank of Nigeria’s handling of foreign exchange, the salvaging of corrupt practices have diminished instances of corruption as attested to by our captains of industry.

Nigerians should realise that pulling in different directions cannot help them. As we move towards the seventh decade after independence, we should realise that we owe future generations, and indeed the black world a duty to redeem our dignity by killing corruption and tapping resources available for development.

As Walter Rodney said, ‘every generation must, out of relative obscurity, discover its mission, fulfill or betray it.’ The reforms of the Tinubu administration is showing promise on many levels beginning with financial engineering whose success can trigger a wholesale rebirth. For instance, not long ago, critics were jittery and even gloating that the naira would dive down to N2,000 to a dollar. Now it’s below N1,500. Not there yet, but a sign we can reclaim our country.

The President of the Lagos Chamber of Commerce and Industry (LCCI), Gabriel Idahosa, has said the nation’s key economic indicators are showing renewed signs of growth as the country marks its 65th independence anniversary, dahosa, however, in a statement yesterday, warned that the outlook required cautious optimism and sustained reforms.

He said the milestone offered both a moment of celebration and sober reflection on the nation’s economy and business environment.

‘Key indicators are showing some positive trends worth highlighting such as accelerating economic growth, productive recovery in the oil and gas sector, easing inflation, currency appreciation and strengthening external reserves,’ he said.

He noted that for the first time since 2020, the monetary authorities had eased interest rates to 27 per cent after a series of hikes triggered by inflationary pressures, while significant tax reforms were underway.

‘These developments create a cautiously optimistic business climate; one that offers opportunity but demands sustained policy discipline and private-sector agility,’ he added.

The LCCI president observed that the country’s improving macroeconomic backdrop presents both opportunities and challenges for businesses.

According to him, exporters and manufacturers can take advantage of stronger reserves and a relatively stable naira to manage foreign exchange exposures with greater certainty. Energy-related firms, he said, also stand to benefit from renewed activity in the oil sector.

‘At the same time, inflation remains high enough to squeeze consumer purchasing power and margins, while the transition to new tax rules will temporarily increase compliance costs and require careful cash-flow planning,’ Idahosa cautioned.

He urged the government to ensure a transparent and phased rollout of the new tax framework to reduce investor uncertainty. He also called for fiscal measures that target critical inputs, complementing prudent monetary policy to accelerate disinflation without eroding external reserves.

Idahosa said the country must strengthen local content in oil-sector projects to translate export gains into jobs and industrial development. He urged the Central Bank of Nigeria (CBN) to maintain open communication on foreign exchange policy to sustain market stability.

On the way forward, he emphasised the importance of deepening structural reforms to ease the cost of doing business, prioritising infrastructure investments, and accelerating industrialisation policies to boost manufacturing.

‘We expect to see the implementation of the 30 per cent Value-Addition Export Bill, passed by the National Assembly, and the Executive Order on Nigeria First Policy, to boost local manufacturing,’ he said.

According to Idahosa, enhancing policy consistency, regulatory compliance, and SME support would build investor confidence and drive economic transformation.

‘As we celebrate 65 years of nationhood, LCCI reaffirms its commitment to constructive advocacy, partnerships, and thought leadership in advancing Nigeria’s economic transformation.’

‘We remain confident that, with sustained reforms and collaborative efforts between the public and private sectors, Nigeria can unlock its immense potential and secure a prosperous future for its people,’ he added.