Showing posts with label Aliko Dangote. Show all posts
Showing posts with label Aliko Dangote. Show all posts

Wednesday, March 18, 2026

When Educated Illiterates Rule, Society Is In Trouble

 By Owei Lakemfa

Fuel prices in Nigeria went up an average 40 percent within days of the United States, US, and Israel attacking Iran. Diesel prices went up 50 percent. This development shot up prices of transportation, and more Nigerians who cannot afford the price hike took to trekking.

Mr.  Peter Obi, former Anambra State Governor, lamented the plight of Nigerians and the devastating effects on industry caused by recurring fuel price hikes. He argued that these rapid increases illustrate how vulnerable to external shocks the country’s economy is, and how quickly we are impacted by foreign events. In his analysis: “The reason for this is straightforward: most countries, whether they are oil-producing or non-oil-producing, maintain strategic petroleum reserves to cushion against supply or price shocks. This means that when there is a disruption in the global oil market, they can release part of these reserves to stabilise supply. However, Nigeria lacks such a buffer, so the impact is felt almost immediately.”

Friday, January 2, 2026

Nigerians Caught Between New Tax Regime And High Petrol Cost

 By Adekunle Adekoya

Happy New Year to all Nigerians, especially those who read this newspaper and this column. The year that ended about 48 hours ago was one hell of a year, by way of experience, particularly for those of us in Nigeria. On the political front, it was as interesting as ever, what with shameless defections from opposition parties to the ruling party especially by governors and legislators in opposition-controlled states.

*Tinubu and Shettima 

Economically, it was only towards the end of the year that some relief, however palpable, began to manifest, with the price of rice, which is the staple most consumed by Nigerians, coming down. The downside on the dining table was that the cost of protein — eggs, fish and meat — refused to follow rice in the downward journey, thus posing a stiff challenge to many households, majority of whom just cooked the staples, mainly carbohydrates, without the protein to make the diet meaningful for the body. Nevertheless, we survived that.

Friday, October 10, 2025

Rescuing Nigerians From The Talons Of Some Leaders

 By Owei Lakemfa

The resolve, determination, precision   and speed with which the Petroleum and Natural Gas   Senior Staff Association of Nigeria, PENGASSAN   took on Aliko Dangote, Africa’s richest man, frightened the ruling elites.  

They clearly had written off the Nigerian working people and their ability to strike if necessary. The elites   had come to the conclusion that the Nigerian people are conquered and can be trampled upon at will. The labour reaction which started with the resolve of the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, to stand up to the Dangote Plc and its attempts to trample the rights of workers into the dust, was also a warning   to elites who seek to enslave the people. So, after   being staggered, these elites are admonishing labour for setting a bad example. 

Friday, August 15, 2025

Lessons From Obi’s One-Tenure Proposition

 By Dan Onwukwe

The emergence of Mr. Peter Obi in the 2023 presidential race and the profound impact he made in that election has been driving Nigerian politics in astonishing manner. He’s defining public agenda, and speaking up – articulately and emphatically – on the urgent need to fix a broken Nigeria, clean up the mess, cut the cost and size of governance.

*Peter Obi
Like no other politician in the present dispensation, Obi is also marshaling out the challenges of immediate sort confronting the country and the citizens and proffering solutions to them. These are leadership lessons. 
          

Mr. Obi never fails to remind anyone who cares to listen that part of his vision for a better Nigeria is not for personal gains but to dismantle the present structure of criminality in the country, not by violent means, but through active participation of the citizenry in the democratic process.

Friday, August 8, 2025

A tale Of Two Nations And Their Victorious Women’s Sports Teams

 By Olu Fasan

The past two weeks have been remarkable for sports women internationally. Women’s national sports teams were victorious in major international tournaments and attracted differing responses from their governments. In Britain, England’s women’s national football team, the Lionesses, beat their Spanish counterpart to win the 2025 UEFA Women’s Championships.

In Nigeria, the Super Falcons, this country’s women’s national football team, triumphed over their Moroccan rivals to bring home the 2025 Women’s Africa Cup of Nations, WAFCON. Barely a week later, the D’Tigress, Nigeria’s female basketball team, secured a hard-fought victory over Mali to clinch the 2025 FIBA Women’s AfroBasket cup. Kudos to the ladies! Who says women cannot do what men can do? Of course, they can, and even better! 

Thursday, August 22, 2024

Nigeria Made Dangote A Colossus, It Must Now Handle Him Wisely

 By Olu Fasan

Aliko Dangote, the richest man in Africa, is a product of the Nigerian state. By deliberate policy choices, the state made Dangote Nigeria’s foremost oligarch with presidents on speed dial. However, recent rifts between Dangote’s oil refinery and the Nigerian National Petroleum Company, NNPC, as well as the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, not to mention the raid on his business headquarters by the Economic and Financial Crimes Commission, EFCC, suggest that all is not well with the long-running relationship between Dangote and the state. Yet, having turned Dangote into a commercial Leviathan, the state must now wisely recalibrate and manage the relationship.  

*Dangote 

To be clear, Dangote was not born poor. He was born into wealth and became a millionaire very early in life. However, his transition from a millionaire to Africa’s richest man would not have happened without a leg-up from the state, without special favours and preferential treatment from the Nigerian state. To this credit, Dangote himself admits this. Before we come to the refinery saga, let’s tell the fascinating story, as Dangote himself narrated it.

Friday, May 31, 2024

Tinubu’s First-Year Assessment: Mark: 37%; Grade: Fail!

 By Olu Fasan

Dear readers, I am wearing my academic cap this week, and assessing the first-year performance of Bola Tinubu, Nigeria’s president since May 29 last year. In fact, I have marked Tinubu’s first-year assessment. The result? He failed badly. He scored an abysmal 37 per cent!

*Tinubu

Earlier this week, Tinubu marked his own exam paper and awarded himself a pass mark. He said he met Nigeria bleeding and stopped the bleeding. That’s utterly ludicrous, given that most Nigerians have been trapped in unimaginable misery and anguish over the past one year, and the fundamentals of Nigeria’s economy and social fabric have crumbled further in the past year. Yet, Tinubu has cheerleaders. One of them is Dr Olisa Agbakoba, SAN, who said Tinubu “has laid the groundwork for progress” in his first year. What an outlandish thing to say! Well, for me, Tinubu failed his first-year assessment.

Friday, May 10, 2024

Is Dave Umahi Also Igbo?

 By Ugo Onuoha

Yes, he is. A bonafide Igbo for that matter. After all, he was a two term governor of Ebonyi, one of the five states in the south east of the country. And south east is the core of the Igbo nation. It really does not matter that some elements in Ebonyi state do not really see themselves as Igbo. 


*Umahi and Obi 

There are many dialects of the Igbo language. Sure. But there is something common in the dialects- almost all Igbo people understand and comprehend themselves no matter the dialect they speak. However, there is a particular part of Ebonyi state who, when they speak their dialect, the typical Igbo person from outside their community will never make out any meaning from their words. This assertion is not designed to exclude or make any part of the south east less Igbo. 

Tuesday, October 24, 2023

Killing Nigerian Economy And Killing Nigerians!

 By Kenneth Okonkwo

John Locke was a renowned human rights activist of the natural law school of thought. He wrote that certain rights, self-evidently, pertain to individuals by virtue of their being human beings. In his words, man entered into a social contract by which he surrendered to the sovereign, not his rights, but only the power to preserve order and enforce the human rights of man. The individual retained the natural rights to life, liberty, and property for these were the natural and inalienable rights of man.

According to him, the purpose of government is the preservation of the lives, liberties and possessions of members of society. He warned that as long as government fulfills this purpose, its law should be binding. When it ceases to protect or begins to encroach on these natural rights, laws lose their validity and the government loses its legitimacy.

Tuesday, May 30, 2023

Did Buhari Lose Weight In Eight Years?

By Banji Ojewale

A new race of men is springing up to govern the nation; they are the hunters after popularity, men ambitious…the demagogues, whose principles hang laxly upon them, who follow not so much what is right as what leads to a temporary vulgar applause— Joseph Story (1779-1845), American Judge

*Buhari 

Let’s be guided by the former president’s own measuring rod to assess him and other public officers.  We don’t need to go into any arcane research or some tongue-twisting grammatical constructions to determine whether our outgone leaders served themselves or served us. All we should do is to consider the body optics: has the office holder lost weight or gained extra flesh?

Wednesday, April 26, 2023

With Urgent Innovative Investment, Malaria Spread Can Be Halted!

 By Aliko Dangote

World Malaria Day is observed each year on April 25, to underline the need for malaria control and total elimination. Adjunct to this is the galvanization of global efforts towards advocacy and sustained political will and investment all aimed at ending the scourge of the disease in identified communities.  Since 2000, global partnerships and investments in the fight against malaria have yielded positive results – preventing some 2 billion malaria cases, saving 11.7 million lives, and putting eradication within reach.

At a historic Global Fund Replenishment meeting in Geneva, Switzerland in 2022, billions of dollars were pledged by donors to boost the fight against HIV, TB and Malaria. However, an unprecedented shortfall of more than 50% in global malaria funding is now holding countries back from maintaining life-saving malaria programmes at current levels, from and reaching everyone currently living with the risk of contracting malaria.

Thursday, August 11, 2022

Niger Republic As Nigeria’s 37th State

 By Ikechukwu Amaechi

Constitutionally, Nigeria has 36 states and a Federal Capital Territory, FCT, Abuja. But under President Muhammadu Buhari’s watch, the country seems to have added one more state – Niger Republic – making it 37. The 37th state, ironically enjoys more federal attention than some of the country’s bona-fide states. Nigeriens enjoy more rights than most Nigerians.

It may sound absurd that the president of a country has greater affinity for another country than his own. But that is one of the incongruities that the Buhari government has thrown up in the last seven and half years.

*Presidents Buhari and Bazoum of Niger Republic 

It didn’t start today, though. As military head of state in the 1980s, Major-General Buhari allegedly supported a Nigerien, Ide Oumarou, rather than a Nigerian, Peter Onu, for the post of the Secretary-General of the then Organisation of African Unity, OAU, which is now African Union, AU.

An editorial comment in the Vanguard Newspaper of February 3, 2015 put it thus: “Between 1983 and 1985, Peter Onu of Nigeria was Acting Secretary-General of the OAU. At the 1985 Summit in Addis Ababa, statesmen like Julius Nyerere, President of Tanzania, lobbied for his election as substantive Secretary-General. However, there was a major stumbling block to Peter Onu’s candidature: his Head of State, Muhammadu Buhari, was campaigning against him.

“… In the election of the OAU Secretary-General in 1985, Buhari voted against Nigeria and for Niger instead. He secured the election of Ide Oumarou, a Fulani man from Niger; as opposed to an Igbo man from Nigeria. By so doing, Buhari became the first and only Head of State in the history of modern international relations to vote against his country in favour of his tribe.”

Tuesday, May 31, 2022

Nigeria Cannot Defeat The Igbo And Yoruba At The Same Time!

 By Akinyemi Onigbinde 

The greatest thing Nigerians accomplished in the last thirty years was electing Muhammadu Buhari as president. If he had lived and died without being president, no one would push back when politicians fall over themselves to deliver tributes and call him the greatest president that Nigeria never had.


  *Pa Adebanjo 

After six years of Buhari’s administration and with only two more years to go, all is settled about the rhymes and stanzas of Buhari’s elegy. Some thirty years from now, people will stone anyone who attaches “greatest ” to any tribute at Buhari’s funeral.  

You may ask if anything is worth the cost of having Buhari as president?  

Before you do, there is another reason why his election was the greatest accomplishment of the Nigerian electorate in the last 30 years. If Buhari had not been president, if his incompetence had not been exposed to the uninitiated, Nigeria would have continued its zigzag path. The one-step-forward, two-steps-backwards trajectory would have continued unabated.  

Tuesday, November 17, 2020

Scorpions And Frogs Of Nigeria

 

 I was talking of how comprehensive incompetence of some of our compatriots who lack ability to lead is doing much damage to this country and may sentence it to death if we don’t reset quickly. 

The wonder in the piece was the likely dangers we face with those who went to hold a sectional meeting in Kaduna and still had the shameless gut to be mouthing “indivisibility” and other words they don’t know the meaning. The apartheid gathering had in attendance all Arewa big men holding federal appointments. I mentioned that those who attended that meeting and sanctioned it would do other million things wrong and would not see anything wrong with them because they can’t just see it because they are narrow and have no regard for others. 

We had yet to put that behind us when news filtered in that the Federal Government which had shut the Western borders with other Western countries had opened them for northern businessman, Alhaji Aliko Dangote. The action sparked rage in the country. I particularly noticed the forthrightness of Mr Atedo Peterside in condemning the largely inconsiderate action that shows disregard for other businesses that have been dealt a deadly blow for several months. Ghanaians who have been taking it up against Nigerians in that country can now see what the government is doing to Nigerians. 

Tuesday, May 28, 2019

Is Buhari Poorer Four Years After?

By Banji Ojewale
A new race of men is springing up to govern the nation; they are the hunters after popularity, men ambitious…the demagogues, whose principles hang laxly upon them, who follow not so much what is right as what leads to a temporary vulgar applause. 
 Joseph Story (1779-1845), American Judge
*President Buhari 
President Muhammadu Buhari has offered the ‘ideal’ measuring rod to assess him and other public officers while serving the people or when out of office. We don’t need to consult any arcane research or some tongue-twisting grammatical construction to guide us to determine whether outgoing executives have fared well or underperformed. 

Friday, April 20, 2018

Nigeria: APC And PDP In Governance: What Difference?

By Hope Eghagha
It was the late Nigerian playwright Ola Rotimi who first tickled my poetic imagination on objects, parts or things that look alike or seem different but indeed are the same. This came in form of a wise saying, that linguistic form which the African skill for imaginative communication had perfected along with proverbs and aphorisms before ‘Westernisms’ caught up with us. I had just been introduced to the play The Gods are not to Blame as a sophomore at the University of Jos. A character posed the question to the unfortunate King Odewale and his wife Ojuola: what is the difference between the right ear of a horse and the left one? No difference, I dare say. They are similarly shaped and perform the same auditory functions even though they are located on two different sides of the face. 
However, this aphoristic question cannot be applied to dogs and monkeys. For, in spite of the fact that both are animals they are different types of animals. Okot p’Bitek the Ugandan poet wrote in Song of Lawino that the ‘graceful giraffe cannot become a monkey.’ Furthermore, we cannot ask, whether figuratively or otherwise ‘what is the difference between a Rolls Royce and a Beetle car;’ they are both cars but cars in different categories, in terms of pricing, prestige and general construction. If you arrive at Dangote’s office or Mike Adenuga’s residence in a ‘Tortoise car’, the security men would not bother to entertain enquiries from you. Just drive home and return in a Mercedes 600 car and watch the difference! I remember once when a young man asserted ‘all women are the same’ and another man countered ‘all women are not the same; my mother is not a prostitute.’ Hehehehehe!

Friday, December 8, 2017

How Rich Are The Super-Rich In Nigeria?

By Dan Amor
I think it was John Paul Getty, the American-born British billionaire, philanthropist and heir to oil industry fortune, who quipped, when asked how rich he was: “No one is really rich if he can count his money.” In Getty's days, anyone with one million British pounds (or even one million dollars) was rated as “rich” and anyone with more than five million pounds was “very rich”.
*Adenuga and Dangote
Above that and you were in the “super rich” category, and when you got above the fifty million pounds level, you rated as a “can't count”. Nelson Bunker Hunt, who with his brother inherited a fortune even greater than Getty's, was a “can't count” man before he tried to corner the silver market. Asked by a Senate Committee how much he was worth, he snapped, “Hell, if I knew that, I wouldn't be worth very much”.

Thursday, May 25, 2017

Emir Sanusi And The Aborted Probe

By Paul Onomuakpokpo 
With the abrupt termination of the probe of Emir of Kano, Mallam Muhammad Sanusi 11, we have been denied the opportunity to witness a shamefaced confirmation or a smug rebuttal of the allegation of financial sleaze against him. Is the allegation that he mismanaged N6 billion of his emirate a mere canard peddled to sully his hard-earned reputation? This remains unresolved. It was the Kano State Public Complaints and Anti-corruption Commission that first started a probe of Sanusi before the state House of Assembly launched an investigation into the same matter.
*Emir Sanusi

The investigations were provoked by his trenchant criticism of the northern establishment. He drew the ire of his highly conservative leaders when he accused Zamfara State Governor Abdulaziz Yari of not only failing to take action to check the outbreak of meningitis but for regarding the affliction as a direct comeuppance for his people’s violation of divine stipulations against fornication and adultery.
It is by no means a surprise that Sanusi has been embroiled in another controversy. For him, controversy is a veritable staple of life. Therefore, if controversy does not come on its own, Sanusi courts it with aplomb. Then the approbation follows. He is seen as one of the enlightened people from the north who could speak truth to power. It was a controversy that he triggered by accusing the Goodluck Jonathan government of corruption that led to his removal as Central Bank governor.

Thursday, September 22, 2016

Buhari Needs No Recession Experts

By Paul Onomuakpokpo  
In their tepid search for solutions to the current economic crisis, our political leaders are fixated on two culprits that gnaw at the nation’s wellbeing.
It is either the past that is chastised for not catering for its future or the militancy in the Niger Delta that has driven oil revenue to its nadir.
*Buhari 
Our current leaders can keep avoiding culpability for the nation’s economic recession. The danger is that any optimism about overcoming the crisis in a short time may soon evaporate as long as our political leaders fail to recognise that it is not only the past that is sullied by the administration of Goodluck Jonathan and his predecessors that should be blamed, but the present that is anchored on the current administration is equally complicit.
We are on the right path to economic redemption only when we appreciate the fact that the affliction that is the source of the recession is simply that our politics reeks of a crude conflation of national and personal interests by political leaders. Actuated by the credo of politics that negates national interest, politicians pursue purely selfish goals and present them to the citizens as targeted at engendering national transformation.
Thus no matter how potentially workable the recommendations from the citizens for the development of their nation, most political leaders do not have that capacity to accommodate them. And this is why all ideas about development, no matter how ill-bred , must come from their cronies because they would not pose any threat to their interests. Or why have all the great proposals for the development of the nation for over five decades not launched it into the league of the developed?
Now that there is a flurry of suggestions from the citizens as regards how to overcome the recession, our leaders may only take the ones that would not threaten their personal interests. President Muhammadu Buhari has been asked to invite experts to help him salvage the economy. Some citizens want him to invite the nation’s best economists to proffer solutions to the economic problems. Some have even canvassed the return of former Minister of Finance, Dr. Ngozi Okonjo-Iweala. The former minister has already said she would not be ready to serve under the Buhari government when she is invited as she wants other people to contribute their own quota to development. Okonjo-Iweala may not even be an acceptable choice having been tainted by her association with the Peoples Democratic Party (PDP) when she served its government. She is still subjected to excoriation for triggering the crisis in the first place by her feckless economic management.

Monday, March 7, 2016

How Rich Are The Rich In Nigeria?

By Dan Amor
I think it was John Paul Getty, the American-born British billionaire, philanthropist and heir to oil industry fortune, who quipped, when asked how rich he was, 'No one is really rich if he can count his money.' In Getty's day, anyone with one million British pounds ( or even one million dollars) was rated as 'rich' and anyone with more than five million pounds was 'very rich'. Above that and you were in the 'super rich' category, and when you got above the fifty million pounds level, you rated as a 'can't count'. 
President Buhari and Vice-President Osinbajo 
Nelson Bunker Hunt, who with his brother inherited a fortune even greater than Getty's, was a 'can't count' man before he tried to corner the silver market. Asked by a Senate Committee how much he was worth, he snapped, 'Hell, if I knew that, I wouldn't be worth very much'. In the United States, for many years Forbes Magazine and Fortune, among others, have published lists of the very wealthy which have been eagerly awaited events in a society where wealth is a macho symbol, to be boasted about rather than hidden. In Great Britain, however, wealth is something best not talked about, and it has never been easy to establish authoritatively just who owns what, and what they are worth. Most of the stupendous wealth in Britain as in Nigeria, had been shrouded in secrecy.
Yet, in 1989, the Sunday Times of London broke with tradition by publishing the first real guide to Britain's wealthy, causing a considerable amount of unease among those who hated being on it. In 1990, the Sunday Times repeated the exercise, adding a further 70 names to the list and raising the stake to £70 million. Both the 1989 and 1990 lists which occupied most of one entire colour magazine, have since been widely discussed and copied by the rest of Fleet Street. They have also been used as ammunition by both sides of the Old Britain versus New Britain, quoted on the one hand to show how even in the Thatcher years old money had reinforced its power, and on the other hand, to record the rise and rise of the new rich at the expense of the old in Britain

When the Sunday Times published the first list in 1989, the paper commented editorially on its own study, mourning the fact that, after a decade of Thatcherism, old money still dominated and paternalism appeared to be making a comeback. Others, of course, took an entirely different view of the list, expressing astonishment at the amount of new money, at the relative decline of old wealth, and the degree of egalitarianism which had crept in. It generated a debate which still goes on more than two decades after the publication.