Nigeria: Script For A Final Looting Spree

 By Ochereome Nnanna

The Good Book says “by their fruits ye shall know them”. When you dress a person in borrowed robes just to show off, William Shakespeare (Macbeth Act 5, Scene 2) says it will be “(hanging) loose about him like a giant’s robe upon a dwarfish thief”. Before 2003, the Finance portfolio of the Nigerian economy had always been handled by men. After his frivolous first term, former President Olusegun Obasanjo decided to get serious in his second. Nigeria had a debt overhang of $32bn owed to the Paris Club alone.

*Buhari 

Obasanjo saw that his global gallivanting and begging for debt forgiveness was not cutting ice. He needed to do more than merely advertise his “beautiful” mug on the streets of Western capitals.

Nigeria: Buhari, Pantami And The Burden Of A Nation

 By Charles Okoh

The recent unearthing of the not-so-wholesome past of the Minister of Communications and Digital Economy, Dr. Isa Ali Pantami, has brought doubts on the sincerity and desire of the government of President Muhammadu Buhari to end insurgency and all sundry security issues that currently engulf the nation.

 *Buhari and Pantami

Pantami has shown little or no regards for the tenets of democracy and democratic principles in his capacity as a minister in a democratic government. He has carried on as a despotic leader who would brook no contrary view no matter how genuine and objective. His disposition to governance would only come as a surprise to those who knew little about him before the tremor caused by the expose on his sordid past came to the fore recently. 

Kemi Adeosun: When Forgery Is Elevated To A Cardinal Virtue

By Jude Ndukwe  

“Whatever is true, whatever is honourable, whatever is just, whatever is pure, whatever is lovely, whatever is gracious, if there is any excellence, if there is anything worthy of praise, think about these things” (Philippians 4:8).

*President Buhari and Kemi Adeosun

Let me start this week’s essay on a spiritual note. This is because we are a country of religion, sometimes to its extreme, but most times in hypocrisy. We mouth virtues with the enthusiasm of a priest or imam but act out vices with the fanaticism of an extremist. Some of our political leaders are so shameless that they thrive in evil but pay putrefying obeisance to God either on Fridays or on Sundays with celestial mien and heavenly gait. Most unfortunately, these same set of people commit various crimes with audacity, cover or even encourage others to do so one way or the other. 

An Ailing Country In A Season Of Political Defections

By Chiedu Uche Okoye

It’s divine providence that thrust Dr. Goodluck Jonathan into the loft of power following the death of his predecessor in office, Alhaji Umaru Musa Yar’Adua.

However, Jonathan’s poor leadership performance in office is a proof that he was not prepared for the arduous task of leading Nigeria.

*Some Nigerian Politicians 

During his stay in office as the president of Nigeria, he was tardy, visionless, and clueless.  So, he couldn’t transform Nigeria and take it to unprecedented economic and technological heights.

So, in order to prevent Nigeria from drifting into an anarchical state, leaders of some political parties, including the rump of APGA, reached an agreement, which culminated into the coalescing of the political parties to form APC.

Nigeria: Before Bad Politics Relegates Good Policies

By Martins Oloja

Combined effects of bad politics within governing party (APC), president’s aloofness and strange executive procrastination appear to have stolen some thunder from two good governance policies that would have shaped good public opinion for the Buhari administration last week.

*President Buhari 

In other words, curious focus on do-or-die politics in Ekiti and the implications of incipient implosion within the governing party where some born-‘again(st) reformers’ are scrambling for new platforms seem to have taken the steam out of what would have been reported last week as the Buhari government’s special focus on building institutions for strengthening democracy and the economy.

The Buhari Govt’s Tower Of Babel

By Onuoha Ukeh

When President Muhammadu Buhari inaugurated his cabinet,  six months after assuming office, many Nigerians did heave a sign of relief, believing that a government had eventually been formed. With ministers duly assigned portfolios and sworn in, all was set for government to roll and begin to address the myriad of  issues plaguing the country, with the view to catering to the needs of the people. It was a legitimate wish by a people who had high expectations from a government that promised heaven and earth.

*Buhari 

Sixteen months after the government was formed, and 22 months after President Buhari took over the reins of governance, I have often asked myself this question: Is this really a government or just an assemblage of people, who are just doing whatever please them, in the name of working for the good governance of Nigeria? I ask this question because what we have as a government appears mainly like a mere party, where those in office operate like islands, doing and saying what they like, while humanity suffers. There is no synergy  whatsoever.  In the government, there are discordant and cacophony of voices.

This week, the Senior Special Assistant to the President on Foreign Affairs and Diaspora, Hon. Abike Dabiri-Erewa, issued a travel advisory on the United States (US). No doubt, feeling that as a presidential aide on foreign affairs, she could talk about foreign policy and issues related to her office, this former federal lawmaker advised Nigerians not to travel to the US for now, if they do not have any compelling business in the North American country. She said her advice became necessary, since Nigerians, who have valid US visas, had been denied entry into the US. In her wisdom, Dabiri-Erewa wanted Nigerians to freeze their trips to the US until the immigration policy of the Donald Trump administration was clear.

Save The Naira!! Save Nigerians!!!

By Henry Boyo

The Nigerian Public service is reportedly heavily burdened with a ghost population, who not only unexpectedly write job applications and present themselves for interviews, but who also open bank accounts and collect salaries, despite their human shortcomings! 

Curiously, the CBN’s “know your customers” directive to banks was obviously no deterrent to the establishment of bank accounts for such ghosts! Naira In a strategic move to forestall detection, these ingenious spirits discreetly also infiltrated the Nigeria Police Force, where a 2010 staff-audit revealed that ghost officers accounted for over 100,000 members, out of the officially registered 330,000 policemen.

The audit reports further revealed apparent collusion amongst the Police pay officers, and accountants as well as bank officials to successfully rob the NPF of over N36bn annually! Similarly, Alhaji Mande Lofa, Chairman of Tureta (LGA), has also confirmed that a verification exercise carried out in July 2011 by the Tureta LGA in Sokoto State led to the discovery of over 500 ghost workers.

Also, in July 2011, the Rivers State Universal Basic Education Board reported losses of N2.4bn annually to 1477 ghost workers, while the National Identity Management Commission, also revealed that, after conducting a biometric data exercise, it had uncovered 4000 ghost workers out of about 10,300 employees on its payroll.

Furthermore, in December 2011, Garba Tagwai, the Niger State Commissioner for Local Government Affairs also noted that “No fewer than 20000 ghost workers have been detected on the pay roll of the 25 Local Government Areas of Niger State”. The Ekiti State Governor, Dr. Kayode Fayemi, also observed that, prior to his administration, Ekiti State government lost over N3bn annually to ghost workers out of a projected annual budget of N80bn.

Unfortunately, the federal government is not immune to such fraudulent revenue leakages; indeed, in 2001, the incumbent Accountant General of the Federation, Chief Joseph Naiyeju, reported the discovery of 40,000 ghost workers following a man-power verification exercise. Similarly, 6000 ghost workers were detected after the completion of a staff audit, when Mallam Nasir El Rufai was Minister, of the Federal Capital Territory in 2006; revealingly, the FCT government was losing about $8m annually, due to ghost workers on its payroll.

Widening Gap Between Official, Black Market Exchange Rates

By Henri Boyo

 In December 2016, the finance minister Mrs. Kemi Adeosun responded as follows in a text message to Reuters reporters that, “The CBN is working on the elimination of arbitrage.” Furthermore, Isaac Okorafor, CBN’s spokesperson, confirmed in a press statement that the bank was working towards “ensuring there is no black market,” see Punch 21/12/16.

In January, 2017,  the Vice President Yemi Osibanjo speaking at the World Economic Forum in Davos, Switzerland also noted that “The CBN needs to close the gap between the official and black market exchange rates for the naira “very soon”, see Punch 18/01/2017.

Furthermore, the Deputy Senate President, Ike Ekweremadu was also reported in Punch Newspaper edition of 19/01/17 to have noted that: “We are worried with the huge gap between the parallel and the official market; and as it has been said by the Chairman of the Appropriations Committee, the Central Bank of Nigeria needs to do something about it, because it is one thing that is breeding corruption …. We must find a way of bridging that gap and also stabilize the exchange rate so that investors can do their own forecast in terms of their investments. We believe that something needs to be done in the area of the exchange rate.”

The above title was first published in September 2005 and the following is a summary of that article:

“The appropriate pricing of the naira, has been a subject of debate in the last 25 years.  During this period, the value has descended from more than parity to its current rate of about N129=$1.  We recall that in those days of glory, the general standard of living was well above the poverty level; indeed, Nigeria was rated among middle income countries in the world. However, our leaders soon succumbed to the apparently innocuous campaign that the naira was grossly overvalued.  The success of that campaign is the current reality of a naira that has lost over 90% of its value and reduced the real value of the earnings of the masses to peanuts. We are now rated amongst the world’s poorest nations to the satisfaction of our erstwhile oppressors, who have in a show of charity gleefully dropped a few coins in our begging bowls to now save us from outright starvation! 

Can Buhari’s Dumb Government Also Choose To Be Deaf?

By Rotimi Fasan

In describing the Muhammadu Buhari administration as dumb I do not wish now to be understood as referring to what many commentators increasingly call the administration’s or, in fact, the president’s cluelessness (Is it not amazing that this administration has so quickly frittered away its goodwill in less than two years, to the extent that it’s now being described in the same unflattering register as the Goodluck Jonathan administration?) Buhari, Osinbajo and Adeosun.

 

*Buhari 

Rather than commenting on the frustrating missteps and ineffectuality of this government, my focus here is on the widening wall of silence that the administration has chosen to erect between itself and the Nigerian people. It is a needless and useless wall that will ruin whatever very modest gains can yet be recorded for the administration- if it knows true sovereignty lies with the people.

The Buhari administration has rigidly stuck to its gun in its irresponsible failure to communicate with the people of this country and keep them in the know of important activities in government circle. Whatever are the immediate inconveniences this stance could mean to sections of the Nigerian people, whatever may be the pains being presently endured by some Nigerians (such as the beleaguered people of Southern Kaduna) as a consequence of such willful hostility from leaders of this country, the government in the long run stands to lose far more than any section of the Nigerian population.

It’s not given to many to have the boon of a second chance. But Nigerian leaders randomly take such chances for granted without any hint of an awareness of it. We’ve seen this tragic cycle repeat itself in the lives of our leaders and occupants of public offices from the lowest position in the land to the highest offices imaginable. Given a second or even third chance in some public office, they go on to repeat the very errors and scandalous performance that marred earlier opportunities, making them forgettable footnotes on the pages of history.

Provided he has the sense of history to measure his own conduct and appraise his government’s performance, President Buhari would one day look back and regret his failure to connect with the people by building on the goodwill that ushered him into power. For this he has nobody but himself to blame. This is a self-inflicted but entirely avoidable wound that is right now festering and worsening the relationship between the government and the people. It’s in this sense that I have described the present administration as dumb, that is mute and lacking the ability to speak. The detail that needs to be restated, however, is that this government’s muteness is not a congenital defect.

It is rather a clear case of hubris, a demonstration of an authoritarian disposition within a democratic context. It is no more unavoidable than it is natural. It would seem then that President Buhari feels affronted by differing opinions and would rather not have his authority questioned in the manner permissible in a democracy. His dismissive silence, which looks sullen in every particular, is the only way he could get back at those who ‘disturb’ him with their ‘noise’, unsolicited and annoying demand of explanations to actions he would rather take without being held to account.

Nigeria: In Search Of The Messiah

By Bayo Ogunmupe  

The alert that the occupants of the Bakassi Peninsula will soon become stateless, (being refugees) in Nigeria now, gives cause for concern. This alarm was sounded by the representative for Nigeria and the Economic Community of West African States (ECOWAS) at the signing of the memorandum of understanding with ECOWAS Parliament in Abuja recently. The alert drew the attention of the world to the displacement of the people of Bakassi. These people are Efiks with linguistic and cultural affinity with Efiks of Akwa Ibom State, Nigeria. Being Nigerians until Bakassi was ceded to Cameroon in August 2008 by the International Court of Justice.

Since then, Bakassi belonged to Cameroon but its residents remained Nigerians. Worse still, the two countries have not been serious in governing the territory inhabited by this people. Due to neglect by the Nigerian government, these people have nowhere to call their country. But evidence abounds that they are Nigerians because they registered and voted at Dayspring Island, Cross River State, Nigeria in 2015.

The people of Bakassi have chosen to remain Nigerians in spite of neglect. This is why we need a messiah to rescue Nigeria from predators who don’t see more than cornering oil money in Nigeria. We need a leader ready to tackle those seeking to balkanise Nigeria to satisfy their security concerns. Like the Jews who are still waiting for their messiah, we should start searching for an emancipator now. We need a leader who will emancipate Bakassi and lift us out of poverty.

Amidst the great yearning for a messiah came the confirmation by the First Lady, Mrs. Aisha Buhari that the government of her husband had been hijacked by a mafia. The Senate President, Dr. Bukola  first broke the news at the height of his feud with Buhari over his alleged alteration of Senate standing orders last year. The confirmation of the mafia takeover was a huge blow to us who view Buhari as the much awaited messiah that will transform Nigeria to the Utopian land of our dreams. It means this government is in the hands of a few jejune individuals.

Sack Your Grossly Incompetent Economic Team – Dino Melaye Tells Buhari

PRESS RELEASE 

Deeply worried by the poor state of the economy which has brought unprecedented hardship and hunger on the masses of the Nigerian people, a federal lawmaker, Senator Dino Melaye (APC Kogi West) has called on President Muhammadu Buhari to take urgent and drastic measures, including the immediate sack of three prominent members of his Economic Team as the solution-precedent to reboot the ailing economy.

*President Buhari and Finance Minister, Kemi Adeosun

In a Statement in Abuja Sunday, Melaye said the President must shake up his Cabinet, and accused most of the members of gross incompetence, inexcusable ineptitude and a distressing lack of capacity to deliver on the mandate of their ministries/Agencies.

Those to face the axe immediately if the economy must be effectively rebooted to deliver on the Change Agenda of the present administration, in the estimation  of Melaye include the Minister of Finance, Kemi Adeosun, Budget and National Planning Minister, Senator Udoma  Udo Udoma and the governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele. 

" At the moment, it must be crystal clear to all discerning minds that the President's widely-acclaimed magical body language has lost its presumed  aura and efficacy. His  no-nonsense demeanor is equally neither instilling fear nor commanding respect and loyalty from amongst his cabinet members. It is therefore obvious that the time for barking is over, now is the time to bite and boot out all those who have demonstrated, in the past several months, a crass lack of capacity to effectively carry out the functions of their office", Melaye declared, stressing:

" The Finance Minister has not only displayed gross incompetence on the Job, she also lacks the basic and rudimentary grasp of economic fundamentals necessary to run a critical sector of the Nigerian economy like the Finance Ministry. It is time for her to go now and pave way for a qualified and experienced person to steer the Nigerian economy away from the dark woods it has sunk presently under her stewardship".

On Udoma Udo Udoma, he stated : "To be sure, Senator Udoma Udo Udoma is a very charismatic man, an accomplished lawyer, and a quintessential gentleman with a fairly untainted reputation. In everyday parlance, he is a good man. But the critical job of Budget and National Planning Minister for a huge country like Nigeria, with her prevailing economic challenges requires much more than being a good man with a great personality. 

One Year After: Where Is the Nigerian Economy Heading?

By Uzoma Ngozi

Nigeria’s overdependence on oil is one reality that President Buhari’s government has to grapple with if it will survive the crash in the global oil prices. The good news is that every challenge posed to this administration is a prospect for them to make a change, just as they promised during the presidential campaign.

However, it seems that this government has no clue on how to fix the economy. The incompetence of Buhari’s economic team is instantly apparent as the economic system is on the verge of collapsing; inflation is on the rise, purchasing power is very low, unemployment is high, the country is in gross darkness and it seems like Nigerians have already lost hope in this government.

The best word to depict an economic system led by Buhari and his team without a pattern is to refer to it as “Buharinomy.” To borrow the words of Prof. Utomi, Buhari is indeed operating an “archaic and medieval kind of economic system.”

Despite the pathetic situation of the economy, his economic team has been mum about the present state of affairs. And instead of the president to accept the responsibility of giving direction to the economy, he keeps blaming the immediate past administration for the present economic woes. He forgets the word of the German author Eckhart Tolle that says, “Discontent, blaming, complaining, self-pity cannot serve as a foundation for a good future, no matter how much effort you take.”

There is no basis to compare the Buharinomy and the economy of the past administration because the economic policies of the immediate past administration were direct and had a human face to it.

One technocrat that made a difference in the past administration was the former Minister of Finance and coordinating minister of the economy who helped in charting a cause for the economy. Although the administration had its own challenges, she put policies in place that helped cushion the hardship known to the ordinary man in the country.

President Buhari’s Six Months Of Deceitful “Change” – Gov Fayose

Press Release 

Ekiti State Governor, Mr Ayodele Fayose has described the last six months of President Mohammadu Buhari’s administration as that of “deceitful change,” lamenting that the President was destroying the image of Nigeria and its people for cheap international recognition.

*Gov shopping for foodstuff at a local

 market 

The governor, who also described the claim by the Minister of Finance, Mrs. Kemi Adeosun, that the ministry do not have details of any fund recovered from officials of the immediate past government of Dr Goodluck Jonathan as a vindication of his position that the President was not saying the truth, said Nigerians must ask the President where the so-called looted fund was paid and who made the payments.

He said: “If the Ministry of Finance is not aware of any recovered fund, it is either those who purportedly made the refund did so by loading cash into Ghana-Must-Go bags and dropping the bags in the President’s bedroom or the fund was lodged into the Central Bank without records.

Speaking through his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said “the only areas President Buhari has recorded tremendous achievements are areas of political persecution, disobedience of court order and desperate bid to turn the country to a one-party state as evident in the Kogi State election, which the Independent National Electoral Commission (INEC), headed by Buhari's kinsman staged managed and muddled up.”