Category: Features

  • The scandals in Abuja

    The scandals in Abuja

    Source:  https://tribuneonlineng.com/the-scandals-in-abuja/

     

    By Lasisi Olagu

    Some cabinet members went to Western Region premier, Samuel Ladoke Akintola, to complain about the corruption of one of their colleagues. They said the man was stealing their party’s funds and eating government money with reckless abandon. They said the gentleman’s impunity knew neither the fear of the law, nor of the party and the people. “He is even building two houses at the same time,” they rammed it in. Chief Akintola listened attentively to the complainants and their complaints. He then turned to the accused who was also seated right there.

    “You heard that? They said you are building two houses at the same time; you are building one in Oyo; you are building another in Ibadan. You are the party’s treasurer; you are also in charge of the government’s finances. Can’t houses be built one after the other? (Ngbó, wón ní ò nkó’le méjì léèkan soso; ìkan l’Òyó, ìkan n’Bàdàn? Ìwo ni treasurer egbé; ìwo náà ni minister owó. Sé ilé ò seé kó ní’kòòkan ni?).» If that line of adjudication was strange to the complaint lodgers, Chief Akintola was still not done with them. He had some words for the accusers.

    “Each of you is in charge of a ministry of government. If we flash a torch into your anus, won’t we see faeces?” He asked, looking straight into their eyes. They looked down. Then Akintola faced the leader of the accusers. “And you, but I know that you have just built a house in Ibadan for one of your mistresses (Ìwo, mo sebí o sèsè kó’lé fún àlè re kan n’Bàdàn ni). The accusers were shocked by their leader’s bent of justice. But they ought not to be shocked. The leader once said publicly that he was a master of equivocation. The premier didn’t release his guests without a warning to both sides to be sensitive to public sensibilities in their use of public funds.

    Dr Omololu Olunloyo, a second republic governor of the old Oyo State, will be 89 years old this year. He once told me the significance of this year in his life but I am not permitted to say it – at least, not now. Where I come from, a man does not tell all he is told. Olunloyo also knows too much, perhaps that explains his ‹refusal’ to write his autobiography despite our prodding and pressure. But he told me stories, one of which is the Akintola story I just told above – although I have hidden the names of the accused and the accusers. I will tell yet another one from that former governor, especially now that the Federal Republic of Nigeria is enmeshed in an argument over whether or not it is permitted and legal in public service to officially move public money into private accounts.

    Olunloyo was very close to Akintola. He was also very close to Prime Minister Abubakar Tafawa Balewa. One day, Balewa drew Olunloyo aside and told him his story of helplessness: “Doctor Olunloyo, this country is a country of thieves. As I sit here, my appointees managing the central bank are stealing money. If I move my seat from here to the CBN, right under my nose and supervision there, they will still steal money. Look, I just caught a thief, but they said I can’t prosecute him because of where he comes from – unless I catch at least one thief each from the other regions.”

    If Vulture claims that it is not today that the rains started beating him, you think he is lying. Please, believe Vulture. The two cases above occurred in the early 1960s – that was some sixty-something years ago. And it wasn’t only the political class that was implicated. Even the wretched of the earth believe in fish eating fish to get fat.

    In 1952/1953, seven years before independence, there was a commission of inquiry into the administration of Lagos Town Council. The commission found that «in hospitals, nurses require a fee from every in-patient before the prescribed medicine is given, and even the ward servants must have their ‹dash’ before bringing the bed-pan; it is known to be rife in the Police Motor Traffic Unit, which has unrivalled opportunities on account of the common practice of overloading vehicles; pay clerks make a deduction from the wages of daily paid staff; produce examiners exact a fee from the produce buyer for every bag that is graded and sealed; domestic servants pay a proportion of their wages to the senior of them, besides often having paid a lump sum to buy the job.» Can you see the class of those implicated in those findings? Ordinary workers. Public and private sector workers still do it; politicians do it; they buy and sell positions. Indeed, our political situation has always been like eighteenth century England when «it was taken for granted that the purpose for going into parliament or holding any public office was to make or repair a man’s personal fortune» (R. M. Jackson, 1958, page 345).

    Above, you read about people buying public and private jobs in 1952/1953 Lagos. You would think 60 years of independence should be long enough for a people’s redemption to occur. But jobs are still being purchased in Nigeria of 2024. If anything has changed in our story over the last six decades, it is that the acorn of misdeeds of the past has grown to become an oak. The oak is that behemoth no one wraps their arms around to climb. The oak is igi osè in my part of the world. If you are Yoruba, you should be familiar with this incantation: Wón d’òyì k’ápá, apá ò k’ápá; wón d’òyì k’ósè apá ò k’ósè…). That is what corruption has become. The law is helpless before the powerful because no sane person looks into a deep well and jumps into it. It is our major gain in sixty years of flag independence. Our country is fully vaccinated against all virtues. Follow the variegated stories around Emefiele. Instead of retail stealing in the central bank, the CBN itself has been stolen – what we have there is ‹kòròfo ìsáná› – a matchbox without matchsticks. Follow other recent scandals in Abuja. Instead of government ministers being content with stealing their ministries’ money «to build two houses simultaneously,» they are stealing the ministries. Yet, nothing happens to the plunderers because they are like human eyes – they come with divine immunity from intrusive fingers – Àánú ojú kìí jé kí wón t’owó b’ojú. They are also like rattle snakes –Ìbèrù ejò kìí jé kí wón te ejò mó’lè. Another incantation!

    You saw a document that surfaced some days ago signed by the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu. In that memo, Edu directed the Accountant General of the Federation to transfer the sum of N585,198,500.00 into a private account belonging to one Oniyelu Bridget. There was a national uproar. If you were part of the outrage, it means you no get job. Did you not see that the minister did not disown the document? With her full chest, she owned it and declared what she did as legal. She also did not forget to blame the leakage and the outrage on her enemies. She called them desperate persons implicated in an earlier scandal of N44.8bn in the National Social Investment Programme Agency (NSIPA). She said they wanted to «stain her integrity because she alerted the government on the ongoing N44.8 Billion fraud in NSIPA…» She was referring to the scandal that has led to the suspension of the National Coordinator and chief executive of the NSIPA, Mrs Halima Shehu, by President Bola Tinubu. There are reports that Halima moved that amount (N44.8 Billion) into some unusual accounts. We do not have the details. And, we have not heard her own defence direct from her mouth. But her own people plead her innocence; they are accusing her enemies of being behind her ordeal.

    Then the Accountant General of the Federation (AGF), Dr Oluwatoyin Madein, weighed in on Saturday. She said although her office received the said request from Edu, it ignored it. She said she did not make the payment as instructed because the procedure was wrong.

    The engine of Nigeria’s bureaucracy has broken down. The Yoruba would say if the short one is not wise, what about the tall one? Were civil servants in Edu’s ministry who presumably drafted the memo for her to sign not aware of the existence of the laws guiding the processing, movement and use of public funds? There is Nigeria’s Financial Regulations 2009. Its Chapter Seven, Section 713 states that “personal money shall in no circumstances be paid into a government bank account, nor shall any public money be paid into a private account.» If the civil servants didn’t know the law, you would think the person signing that half-a-billion naira memo would pause and check. Was there not a retreat shortly after the ministers were appointed? What were they taught at those opulent sessions?

    Things are happening. We only know what our husbands allow us to know or what ‹accidentally’ leaks like the N44.8 billion suspension and the N585 million memo. The present Federal Government with its three branches is particularly audacious in doing the unthinkable. The unthinkable is what you calmly do when you know you’ve conquered the world.

    We can dismiss all these and say they do not matter, that after all, no money is lost (yet). But that deadly, slithering being called snake has a way of climbing its way to the top of the raffia palm. Ninety-two-year-old British political scientist, Colin Leys, in 1965 wrote on the consequences of corruption, impunity and sleaze on the future of Africa. Writing in his ‹What is the Problem about Corruption?’ Leys argued that «If the top political elite of a country consumes its time and energy in trying to get rich by corrupt means, it is not likely that the (country’s) development plans will be fulfilled.» His prediction reeked of doom. About that time, Ronald Wraith and Edgar Simpkins published their book, ‹Corruption in Developing Countries’ (1963). They looked into practices in African countries, including Nigeria. They said they saw a «jungle of nepotism and temptation… a dangerous and tragic situation.» They described the landscape as «the scarlet thread of bribery and corruption.» They witnessed malfeasance flourishing «as luxuriantly as the bush and weeds which it so much resembles.» They saw the toxins of corruption «taking the goodness from the soil and suffocating the growth of plants which have been carefully and expensively bred and tended.» I suggest you read that metaphor of gloom again. If nothing fruitful grows today, it is because the earth was scorched yesterday.

    The vaccine that will cure our political elite of greed has not been made. Lanrewaju Adepoju, a Yoruba performing poet who died recently, looked at a situation like this in the 1980s and declared that nothing overwhelmed a babaláwo more than being confronted with a bad case that permitted no remedial ritual. The Nigerian situation is pretty much like a terminal illness – or worse, like a carcass being mobbed by a pack of wolves and a wake of vultures. Everyone tears at it, exacting their share. And the predators are very bold and daring. Socialists and Marxists will blame this tragedy on the greed of capitalism and its lack of shame. English trade unionist, Thomas Dunning (1799-1873), quoted by Karl Marx in his three-volume work ‹Capital’ said «With adequate profit, capital is very bold. A certain 10 percent will ensure its employment anywhere; 20 percent certain will produce eagerness; 50 percent, positive audacity; 100 percent will make it ready to trample on all human laws; 300 percent, and there is not a crime at which it will scruple, nor a risk it will not run, even to the chance of its owner being hanged. If turbulence and strife will bring a profit, it will freely encourage both…” Just sit back and, like Akintola, take a long look at the accused and the accusers in the current scandal in Abuja. Look at the entire business architecture of government. Corruption is the only business that yields returns here. In 60 years plus, the Nigerian state has established itself as a crime scene. We all know that things can’t continue like this without the world coming to an end. But the questions are: Where is the face of the saviour? And who really is clean?

    *//Source:*

    https://tribuneonlineng.com/the-scandals-in-abuja/

  • Federal High Court: Reminiscing about 50 years’ jurisprudential Impacts

    Federal High Court: Reminiscing about 50 years’ jurisprudential Impacts

     

     

    By Taiye Agbaje, News Agency of Nigeria

    The Federal High Court (FHC) which was established on April 13, 1973, is one of the Federal superior Courts of record in Nigeria.
    It has coordinate jurisdiction with the High Courts of the States of the Federation, including FCT and is located in Shehu Shagari Way, Central District Abuja.

    According to the Federal Government Official Gazette No. 62, Vol. 60 dated Nov. 29, 1973, the court began with five pioneering judges.
    They included Justice Jemonu Omoigberai Eboh; Justice Adeitan Ayinde Adediran; Justice Mahmud Babatunde Belgore, Justice Frederick Okwudi Anyaegbunam and Justice Sigismund Olanrewaju Lambo as president of the court.

    The court was, however, renamed the “Federal High Court” by Section 228 (1) and 230 (2) of the Constitution of the Federal Republic of Nigeria, 1979.

    While Justice Lambo was the first president of the then FRC and served between 1973 and 1975, Justice John Tsoho is the 10th and current head of FHC, now known as chief judge (CJ).

    Speaking during the celebration of the 50th anniversary, the CJ of the FHC, Justice Tsoho, said the occasion was an opportunity to felicitate with one another, “as we reflect on the milestones achieved this far within the 50 years of the court’s existence.”

    (A cross section of Federal High Court judges with the Chief Judge, Justice John Tsoho and former Chief Justice of Nigeria, Justice Walter Onnoghen at the church service to mark the 50th Anniversary of the court in Abuja recently)

    He said the initial lofty idea which started in Lagos in 1973 had grew and metamorphosed into FHC whose jurisdiction had increased tremendously over the years.
    Tsoho, who commended the efforts of those who championed the enhanced jurisdiction of the court from what it was when it was established, said the enhanced jurisdiction did not just come on a platter of gold.
    “It is a product of positive, persistent and consistent efforts by those who believed in what the court could offer,” he said.
    The CJ took the audience through a brief history of the court, the giant strides made and its efforts to achieve excellence.
    “The FRC was then saddled with handling cases and matters relating only to the revenue of the Federal Government of Nigeria, more particularly customs and excise duties, banking, foreign exchange, taxation of companies, currency and fiscal measures.”

    (From left: Chief Justice of Nigeria, Justice Olukayode Ariwoola and Chief Judge of Federal High Court, Justice John Tsoho during the 50th Anniversary Celebration of the court in Abuja)

    According to him, the court was also conferred with jurisdiction to hear and determine cases and matters arising from the operations of the Companies Decree 1968 as well as enactments relating to copyright, patents and designs, trademarks and merchandise marks and admiralty.
    “However, upon the return to civil rule and under the 1979 Constitution, the Federal Revenue Court came to be known and called the Federal High Court of Nigeria.
    “Matters hitherto handled by the Federal Revenue Court, thenceforth fell squarely upon the Federal High Court,” he said.
    Tsoho stated that the jurisdiction of the court was at different times expanded in 1993 by Decree No. 107, as well as in 1999 by Decree No. 60 of 1999.
    “Presently, Section 251 of the 1999 Constitution of the Federal Republic of Nigeria, (as amended) prescribes the exclusive jurisdiction of the court,” he added.
    He said the court had recorded huge growth and is now a significant pillar in the hierarchy of the Nigerian judiciary.
    “It is noteworthy that this court which started in Lagos with one court and five judges, now has 38 judicial divisions with 95 judges.
    “Since its inception, the court has recorded huge growth and is now a significant pillar in the hierarchy of the Nigerian judiciary.
    “From the pioneer five judges, the court now can appoint a maximum of one hundred judges.
    “The court moved to its present headquarters in Abuja in 2010 and now owns court buildings in all the 36 states of Nigeria,” he said.

    Tsoho said another most significant and indeed a remarkable achievement was about 95 per cent completed ultra-modern 20-courtroom complex on Bourdillon Road, Ikoyi, Lagos.
    According to him, the court complex will be made ready for commissioning soon.

    He acknowledged the sacrifices and contributions of all the chief judges, serving and retired judges, those alive and those that had proceeded to the great beyond.

    “What we enjoy today as the premier court was actually voted against by the conference of Chief Justices of Nigeria.

    “It is little wonder that the court continues to attract envy and antagonism from various quarters, perhaps due to our unique and expansive jurisdiction.

    “I make bold to say however, that the Federal High Court has used these oppositions to spur it to greater height in the judiciary and has become the premier court in Nigeria,” he said.

    The CJ said though the court had never at anytime solicited or canvassed for increased jurisdiction, he stated that it was the lawmakers, as representatives of the people, who in their wisdom, heaped jurisdiction on the court.

    “Therefore, for us in the Federal High Court, this feature is a reflection of acceptance and commendation of the court’s performance by the Nigerian people.

    “For instance, Sections 295 (5) and 84 (14) of the Electoral (Amendment) Act, 2022 have foisted exclusive jurisdiction on the Federal High Court in respect of pre-election cases, which hitherto, were entertained by the State High Courts and the High Court of the Federal Capital Territory.
    “It is understood that this law was deliberately designed by the political class to cure a vexed mischief.

    “Thus, those who have launched sustained scathing criticism about the expansive jurisdiction of this court should deeply reflect on this particular development,” he enjoined.
    He said the court had faced difficulties and likewise, welcomed change during the previous 50 years, developing as a pillar of justice in the country.

    According to him, the court has had a significant influence on how the law is interpreted; how the legal system is shaped, and how justice is dispensed and perceived.
    Various chief judges of the court had made series of rules of the court, practice directions and innovations as a guide and to ensure speedy and quality administration of justice in the court.
    Justice Tsoho is not left out in this feat.
    Tsoho said in the year 2020, when the world was ravaged by the coronavirus, he promptly issued a Practice Directions for the COVID-19 period.
    This, he said, was to ensure that the FHC was not shut down during the period.
    “Issuance of Practice Directions for the exemption of payment of Default Fees for filing of Court processes during the prolonged JUSUN strike.
    “Issuance of Practice Directions on payment of default fees on late filing of fundamental rights enforcement court processes.
    He said he released Asset Management Corporation of Nigeria (AMCON) Practice Directions in 2020, a Practice Direction on Pre-Election Matters in 2022, a Practice Direction on Tax Appeal Cases and Practice Directions on Trial of Terrorism Cases, 202, among others, to ensure quick dispensation of justice.
    The CJ said he equally designated courts for expedited dispensation of matters relating to AMCON, Federal Inland Revenue Service (FIRS) and Economic and Financial Crimes Commission (EFCC).
    He said the special task force set up to handle the influx of pre-election matters, in the build-up to the 2023 general elections, was a timely intervention that saved the country from a possible political collapse.

    “A special task force has recently been set up to handle the trial of terrorism cases,” he added.
    He said from landmark judgments to progressive legal reforms, the court had been at the forefront of legal innovation, setting standards that inspire and guide the legal community.
    “The court has evolved from a one specialty court to a world standard court, adjudicating justice on matters constitutionally placed before it.

    “We have infused technology into our system of operating and we are still in the process of introducing several other innovations.”
    Tsoho said as part of the growth, the court introduced e-filing system, changed the orthodox notice period to electronic display system on all the floors of the court with verbatim reporters, known as stenographers, now deployed and used in the courtrooms.
    “The Federal High Court (Civil Procedure) Rules 2019 is a fundamental milestone in dispensing justice. We have also established Alternative Dispute Resolution Centre.”

    The CJ, who recalled the very first case filed in the precursor court in Lagos in 1973, said presently, 12, 870 cases were disposed of, in the 2022/2023 Legal Year of the court.
    He said as against the five judges that pioneered the court, the FHC now had 95 judges, the highest number since its inception, to ease the ever-growing workload of the court.
    He restated his desire of taking the number to the maximum limit of 100 judges.

    “I therefore urge us that just like Caesar’s wife, we must strive to be beyond suspicion.
    “We must dispense justice with integrity and without bias; we must display utmost competence and courage as well as dispose of cases speedily,” he urged brother judges.
    An Abuja-based legal practitioner, Yunusa Ibrahim, described the 50 years of FHC in justice delivery as a milestone in the administration of justice.

    He said the court had contributed in no small measure to justice delivery through its several judgments and decisions.
    Besides, Josephine Ijekhuemen, also a legal practitioner, said the importance of the court in the Nigerian judiciary cannot be over-emphasised.

    She said due to its indispensable role, the new Electoral (Amendment) Act, 2022, conferred additional jurisdiction on the FHC to hear and determine pre-election complaints.
    Ijekhuemen said the court had become a beacon of hope for those seeking justice, a guardian of the constitution, and a defender of the rule of law.

    The President of the Nigerian Bar Association (NBA), Mr Yakubu Maikyau, SAN, also commended the judges in their effort at delivering justice.
    He said it was, however, disheartening that Nigerians, as a result of the action of some members of the bar, had continued to cast aspersion on the judiciary.

    “We have failed in our responsibility in providing direction to the people of this country with respect to the things that the courts do,” he said.
    Maikyau, therefore, called on members of the bench to ensure that appropriate punishment is meted out to any erring lawyer culpable of such misconduct.

    Speaking on behalf of the body of Senior Advocates of Nigeria, Mr Alex Iziyon, SAN, urged judges of the court not to be afraid to be dynamic.
    “I call on you judges to be creative and stand tall to the call of duty. Where reforms are required, do not be afraid to take up innovations that will speed up the dispensation of justice,” Iziyon said.

    The Attorney-General of the Federation (AGF) and Minister of Justice, Mr Lateef Fagbemi, SAN, enjoined the judges to reaffirm their commitment to upholding the ideals of justice, integrity and the rule of law.
    “Let us envision a Federal High Court that will continue to be a beacon of excellence, the principles of ideas and a haven for jurisprudential growth,” he said.

    Fagbemi, represented b Mr Alkali Tijani-Gazali, SAN, commended the judges of the court for their dedication and commitment to the justice system, while acknowledging the significant challenges faced by them.
    According to him, while you are confronted with voluminous workload, your diligence, dedication and unwavering commitment in upholding the law have remained resolute.

    On his part, the Archbishop of the Catholic Diocese of Abuja, Ignatius Kaigama, urged them to always deliver justice with the fear of God.
    Kaigama gave the advice while delivering his message at the FHC’s 50th Anniversary Thanksgiving Service at the Holy Trinity Catholic Church, Maitama, Abuja.
    Kaigama, who was represented by Rev. Father Christopher Nnubia, the Judicial Vicar of Catholic Church in Abuja, urged the judges to be committed to discharging justice in the face of challenges.
    He said it was their responsibility to give hope to the hopeless and strengthen the weak in the society.
    “It is your responsibility to make firm the feeble knees.
    “And as you do that, you need to do that with the fear of God knowing that at the end of the world, we will give account to the divine judge where we will render account of what we have done,” Kaigama enjoined.
    The Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, who described the FHC as the largest court in Nigeria, said it was the best of the courts of trial.
    “The jurisdiction of the court has kept being expanded. It is the only court that has originating jurisdiction on electoral matters,” he restated.
    He said though FHC was not the only federal court, it was, however, the best of the federal courts.
    Justice Ariwoola stated this while declaring open the 50th Anniversary Lectures of the court in Abuja.
    He advised the judges not to take their appointment for granted, urging them to be hardworking and diligent in justice delivery.
    “Anyone that is lucky to be appointed to this court, without mincing words, is indeed very lucky and should not take that for granted.
    “I implore you all to please continue to work very hard; work hard and harder and go extra mile each time.
    “Do not assume that what then are the gentlemen at the appellate court doing. No, let that (appellate) court affirm your decisions.
    “Always write your judgments that the appellate court will have no choice than to affirm your decisions.
    “Don’t leave any loophole,” he said.
    According to CJN, to be a judge, certainly, is not a child’s play, particularly at your court where you don’t sit as panel; you sit as a lone ranger.
    “You sit all alone, you are the lord of the court. Please, always go extra mile even in what you consider a simple application.

    “It is your court. You are not there to impress anyone at all. If you need to take a break to consult your note, to consult your books before you rule, no application by counsel is simple.
    “Make relevant consultations and come to give your ruling,” he said.

    Ariwoola, who said the judges should not feel threatened if lawyers opted to go on appeal, said “an appeal is an entitlement.

    “That is what the Appeal Court is there for.”(NAN)(www.nannews.ng) (Flowerbudnews)

     

  • Share Tinubu Rice Now: MURIC tells lawmakers

    Share Tinubu Rice Now: MURIC tells lawmakers

    An Islamic human rights organization, the Muslim Rights Concern (MURIC), has called on members of the National Assembly (NASS) to ensure proper distribution of thousands of bags of rice and other foodstuffs recently given to them for sharing by President Bola Ahmed Tinubu. (more…)

  • Eight-Day Prayer Session for Late Governor Akeredolu in Owo

    Eight-Day Prayer Session for Late Governor Akeredolu in Owo

    The eight-day prayer for the late former Governor of Ondo State, Arakunrin Oluwarotimi Odunayo Akeredolu, was held in Owo, the country home of the late Governor on Wednesday. (more…)

  • The many silver linings of Tinubu’s 7 months in office

    The many silver linings of Tinubu’s 7 months in office

     

    By Bayo Onanuga

    The removal of fuel subsidy and the move to merge foreign exchange rates, two headline reforms introduced by the Tinubu administration since late May, triggered problems such as high fuel prices and the depreciation of the Naira, two monstrosities which combined to cause a general spike in costs of services and goods.

    Today, many Nigerians complain of a rise in the cost of living.

    According to the latest NBS report, Nigeria’s inflation, which rose to 26.7 percent in September, again rose to 28.2% in November from 27.33% in October. Food Inflation remains untamed, rising from 31.52% in October to 32.84% in November 2023.

    To compound the economic problems, few multinational companies such as GlaxoSmithKline, Procter & Gamble have announced their exit from our country, complaining about the difficult operating environment and the scarcity of dollar.

    The truth is that the new policies alone are not solely responsible for the economic problems we are facing today. We were destined for the tough and rough patch, where we are today because of the prevailing conditions before Tinubu took over on 29 May.

    As at June 2023, budget deficit was N10.8 trillion. Actual Debt service was 98.95 percent of revenue, far higher than the projected 59.37 percent. Inflow into the country’s foreign reserve came in trickles. And so bad was the state of affairs that Nigeria could not remit about $800 million fund of foreign airlines. JP Morgan exposed our near insolvency by claiming in a report that our net foreign reserve was just about $3.7 billion, not the $33 billion plus flaunted by Emefiele’s CBN.

    President Tinubu, who promised during the campaign to take hard and difficult decisions, moved to tackle the economic problems from Day One, by first dispensing with the wasteful fuel subsidy that was billed to consume about N7trillion this year, five times more than what was provisioned for capital spending.

    President Tinubu is quite aware of the side effects of his move to reset our economy. Though his administration has earned plaudits from the World Bank, the IMF and rating agencies such as Moody’s and Fitch, he is not carried away by the praises.

    He is focussed on turning the economy round for growth, development and prosperity.

    The moves are yielding some good effects. Amidst what some sections of the media perceive as general gloom, some silver linings are emerging, signposting that with a little more patience, our material conditions will improve and inflation will be tamed. For businesses, operating conditions will also improve.

    In its third quarter report for the year, the NBS reported that GDP grew by 2.54percent. In a similar period in 2022, GDP recorded a growth of 2.25%. To demonstrate that the sun may be shining on us again, the 2.54% GDP growth recorded in Q3, was also higher than the 2.51% recorded in Q2.

    The service sector, made up of information and communication, financial and insurance, was responsible for the growth witnessed in Q3. It had a 3.99% growth, contributing 52.7% of the aggregate GDP. The agriculture sector declined from 1.34% growth in Q2 to 1.3percent in Q3.

    Growth was also recorded in construction and real estate, metal ores(69.76%), coal mining(58.03%), chemical and pharmaceutical products(6.77%), Cement(4.2%) and construction(3.89%). Oil reported a negative growth of 0.85%, a major improvement to the negative 22.67% recorded at the same period last year. It was -13.43 in Q2 of 2022. The improvement in the oil sector and its contribution to GDP has been attributed to the improvement in the security of oil infrastructure and operations, leading to increased production. Going forward in this Q4 and 2024, the NNPC Limited is confident that the sector will continue to climb the curve.

    In the same Q3, according to NBS, the Industrial sector grew by 0.46%, an uptick compared with Q3 2022, when it had a negative 8% growth, even in the era of P&G and GSK exit.

    An interesting revelation in the NBS Q3 report was the big jump in the volume of trade, from N12.16 trillion in Q2 to N18.8 trillion. Trade volume in the same period in 2022 was N12.28 trillion. We also recorded a trade surplus of N1.89trillion in Q3, an increase from the N708.8 billion in Q2 2023. In Q3 in 2022, we recorded trade deficit of N409.39 billion.

    Value of exports in the third quarter was N10.35 trillion, far higher by 60.78 percent than the N6.44 trillion posted in Q2 2023. Crude oil dominated the export, accounting for 82.5 percent, a confirmation that our country is pumping out more oil for export unlike the previous years.

    Just as our exports increased, imports also increased, rising from N5.73 trillion in Q2 2023 to N8.46 trillion in Q3, a rise of 60.8 percent. The imports recorded in the quarter was also higher in value compared to Q3 2022, which was N6.34 trillion.

    As the Minister of Budget and National Planning, Atiku Bagudu noted in a recent report, economic prosperity in our country will be achieved with the reforms being implemented, supported by strong monetary and fiscal policies, food supply management and other intervention programmes.

    President Tinubu who has never shied away from acknowledging the temporary pains triggered by the reforms, gave an assurance in a recent newspaper interview that his Administration will continue to take proactive measures to wrestle with the problems. Many of these measures are already being taken and in the New Year, we expect the silver linings, that are at present understated, to blossom into rays of sunshine to be experienced by all Nigerians. (Flowerbudnews)

    *Onanuga is the special adviser Information and strategy to President Bola Tinubu

  • Mimiko visits Aiyedatiwa to mourn Akeredolu’s passage

    Mimiko visits Aiyedatiwa to mourn Akeredolu’s passage

    Dr. Olusegun Mimiko, former governor of Ondo State at the weekend visited Governor Lucky Aiyedatiwa at the presidential lodge of the Government House, Alagbaka,Akure to commiserate with the government and people of Ondo State on the death of the late Governor Oluwarotimi Akeredolu (more…)

  • Ondo monarchs lament Akeredolu’s exit, say he left enviable legacies

    Ondo monarchs lament Akeredolu’s exit, say he left enviable legacies

    Traditional rulers in Ondo State under the aegis of State Council of Obas at the weekend expressed depression over the passage of the immediate past Governor of the state, Arakunrin Oluwarotimi Akeredolu, SAN, CON, which occurred on Wednesday, December 27, 2023. (more…)

  • A DIGITAL WORLD NEEDING MORE HUMANITY By Paul Ejime

    A DIGITAL WORLD NEEDING MORE HUMANITY By Paul Ejime

     

    Our digital World with the accompanying advanced technology has unleashed innumerable benefits on humanity. Yet, our quest for justice and equity, satisfaction, good health, sound sleep, healing, peace, and happiness, remains insatiable and endless.

    For many, the Year 2023 started with tribulations and anxiety, particularly from the reverberations of the Russia-Ukraine conflict, which is almost two years old and counting, with the attendant economic hardship even for countries that are thousands of kilometres away.

    Yes, it is a digital age where information/news travels faster than ever and tasks are easily facilitated. However, conflicts, chaos, hypocrisy, perfidy, inconsistency, covetousness, trust deficit and cheating have also multiplied, no thanks to globalising liberalism, the collapse of multilateralism and the rise of multipolarities aggravated by wars and asymmetric threat vectors, such as terrorism, religious extremism, separatist agitations, cyber warfare, and social media.

    The World had not fully recovered from the lingering impacts of the COVID-19 pandemic when Russia invaded Ukraine in February 2022. Even the year 2023 refused to be outdone with the 7th of October deadly and unprecedent raid on Israel by Hamas militants that left more than 1,000 Israelis dead and hundreds of others of various nationalities abducted.

    Israel’s Defence Forces have responded with venom killing more than 20,000 Palestinians in a continuing carpet air, land, and sea onslaught by the 22nd of December 2023, according to Palestinian sources. Not even the United Nations, the organisation set up for World peace, has been able to negotiate a ceasefire, from numerous unbinding Resolutions.

    Meanwhile, unrelenting conflicts, some deadlier than the Russia-Ukraine war and the Israel-Hamas fighting combined, in developing countries, especially in Africa, have attracted less international attention, perhaps, because Africa matters very little or is not a priority on the World agenda.

    Apart from violent conflicts involving the use of kinetics, Africa is also awash with diseases, crimes as well as man-made and natural disasters.

    But the tragic irony of international relations is that while a growing number of African countries such as Sudan, Somalia, Ethiopia, Mozambique, the two Congos, Gabon, Chad, Mali, Guinea Conakry, Guinea Bissau, Burkina Faso, and Niger are battling existential crises, including a resurgence of military coups, the EU, and their American ally, are demanding Africa’s support in the Russia-Ukraine war.
    From disheartening images of the carnage in the theatres of World conflicts, it is obvious that humanity has lost its soul and moral compass. Human life does not matter anymore.

    It would appear that no useful lessons were drawn from previous misadventures in Vietnam, Iraq, Afghanistan, or Libya.
    The interests and profits of Western defence and blue-chip industries appear to be the main triggers or drivers of World conflicts, with the secret agenda to “destroy and reconstruct later!’

    The bottom line, my dear people, is that humanity is losing its fundamental values, the ingredients for human existence, and this can be traced to the collapse of the family system.
    The family dysfunction has smeared the entire fabric of society from the individual to corporate levels and contaminated the national, regional, and global space. The rich are richer and the poor poorer.

    Corporate executives are no longer answerable to their employees, nor are governments accountable to the people. Parents have abandoned their responsibilities to their children and wards, while the children and young people have lost respect for their parents and the elderly.

    The falcon can no longer hear the falconer and things are desperately falling apart!
    So, Ethiopia must teach its Tigray tribe the lesson of their lives, for daring to dream of self-determination; for invading Ukraine, Russia must be degraded militarily and economically, meanwhile, Afghanistan, Iraq and Libya had been invaded in the past without consequences for the allied invaders. For daring to humiliate the once-feared Israeli defence system, Hamas must be annihilated, the massacre of innocent civilians is immaterial since in war, the use of disproportionate force is not an issue, as the World watches in conspiratorial silence.

    Back in Africa, a young General Mahamat Idris Derby can seize power unconstitutionally and succeed his elected father President assassinated by rebels, and be treated as a celebrity, but soldiers in Mali, Guinea, and Burkina Faso must face sanctions for toppling elected governments.

    Indeed, coup leaders in Niger, were to face the wrath of a regional military force, until reason finally prevailed.

    It is rather unfortunate that humans have become too impatient, with many on the short-fuse, aggressive and trigger-happy, pursuing ruthless vengeance with an unforgiving spirit. Pacification, endurance, forgiveness, joy, happiness, generosity, and consideration for others have taken flight

    Therefore, in this Special Season, my dear people, I wanted us to reflect on the virtues of forbearance, joy, and forgiveness as vehicles for healing the brokenness of our individual personalities, nations, and the World at large. Bad governance compounded by socio-economic hardship, injustices, disaffection, and frustrations have forced many into hopelessness and resort to self-help, resulting in high crime rates and suicide cases in many societies.

    Religion, often considered as the “opium of the masses,” is no longer a panacea, because it has become an industry and practised more in breach without any depth of spirituality.

    Still, for believers, Scripture injunctions remain sacred and sacrosanct. For instance, Christians are enjoined 365 times in the Holy Bible to “fear not” or “do not be afraid.” That is a divine assurance every day of the year!

    This is also followed in Ephesians 5:20 and 1 Thessalonians 5:18 with another exhortation “to give thanks to God in all circumstances.” It might sound difficult, but that is the assured way of God, which is not that of man (or woman).

    The verse “without me (God our Creature) (we) can do nothing,” which appears 27 times in the Holy Bible, including in John 15:5, requires us to believe and trust in God always.

    In doing so, we cannot be too hard on ourselves or judgemental of others. Anger, self-defeat, greed, desperation, impatience or undue haste, intolerance and unforgiveness only trigger or reinforce hurt and pain in us and around us.
    Forgiveness, joyfulness, compassion, consideration, and love for others will engender healing and internal happiness, which we are required to radiate and share with others.
    Merry Christmas, Happy Holidays, and Happy New Year to Everyone! (Flowerbudnews)