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Worries as govs turn senate into ‘retirement home’

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Some governors have indicated interest in the 2019 senatorial election after their tenure. Currently, there are 15 ex-governors in the Senate, and political pundits are of the opinion that some of the governors only go to the upper legislative chamber to “rest,” describing it as a situation which has gross implications for the future of the country, JESUSEGUN ALAGBE writes

While he is rounding off his eight-year two-term tenure as the governor of Imo State, Rochas Okorocha has declared his ambition to run for the Imo West Senatorial District in the 2019 general elections.

The governor made known his intention last month, even though he had earlier stated that he would not run for any elective position in 2019, but would only be interested in who would succeed him after leaving office.

On why he changed his mind so quickly, Okorocha — widely regarded as one of the controversial governors in the country — had said it would be a “disservice” to the nation if he failed to contest for the senatorial position, considering the “wealth of experience” he had garnered as a governor for eight years.

“I have decided to run for the Imo West Senatorial District because if I don’t, bad people will take the position. If my name appears on the ballot paper as contesting for the Senate, it will boost the All Progressives Congress’ chances in the state. And many from my zone have said they will not contest if I am interested,” the 55-year-old governor said.

Okorocha, who is deeply rooting for his son-in-law and chief of staff, Uche Nwosu, to succeed him as the governor of Imo State, also told his deputy, Mr. Eze Madumere, to contest in next year’s senatorial election.

Madumere had, however, said he was only interested in running for the governorship of the state, vowing to pursue his ambition to a logical conclusion.

Okorocha isn’t the only governor nursing the ambition of contesting in the 2019 general elections as a senator; his counterpart in Oyo State, Abiola Ajimobi, who is also rounding off his eight-year tenure next year, had stated that he would contest for the Oyo South Senatorial District in 2019 after completing his tenure as governor.

Ajimobi had earlier represented his senatorial district between 2003 and 2007 on the platform of the Alliance for Democracy, and just like Okorocha, the Oyo State governor had also previously stated that he would not contest in any political position after his governorship tenure.

But last month, he said he had changed his mind because he was being encouraged to return to the Red Chamber by his party stakeholders.

When his eight-year two-term tenure ends in November 2018, there are insinuations that the Osun State Governor, Mr. Rauf Aregbesola, might also contest for the Lagos West Senatorial District in the 2019 general elections.

Although they have the fundamental rights to contest for any elective position in the country, political pundits and social commentators, however, frowned at a situation whereby governors, upon the completion of their tenure, turn the Senate into a “retirement home.”

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“This phenomenon is not good for our democracy. Some of the governors already spent eight years in their states, so what’s the point of going to the National Assembly again?” asked the Executive Director of Gender Equality, Peace and Development Centre, Prof. (Mrs.) Patricia Donli.

Donli, who is also a board member of ActionAid International and a former board chairperson, West Africa Network for Peace-building, said it was not surprising that the country was not developing because some of the governors only think of resting at the Senate after their tenure.

She said, “That’s why our democracy is not growing. Most of these governors, just like most of our political leaders, always think of themselves, not of the people.

“Some of them didn’t do well as governors, so how can we expect such people to deliver for the nation at the National Assembly? If you couldn’t develop your state as a governor, how would you develop the nation?

“Some of the governors just go to the National Assembly to rest. Some of them have never sponsored any progressive bill. When the camera is on them, you’ll see them sleeping while deliberations are going on. They have turned it to a place of retirement.

“I pray these people would just retire quietly in their luxurious mansions, which they have used public funds to build if they have any conscience at all.”

The don suggested that it was time the youths took charge of the political situation of the country and got rid of “recycled” leaders.

“We need fresh blood in the National Assembly, those who are versatile and knowledgeable; such should contest for the National Assembly elections,” she said.

There are 15 former governors in the Senate, including the Senate President and a former Kwara State governor, Dr. Bukola Saraki; former Kano State governor, Rabiu Kwankwaso; former Akwa Ibom State governor, Godswill Akpabio; former Plateau State governor, Jonah Jang; former Zamfara State governor, Ahmed Yerima; and a former Kebbi State governor, Adamu Aliero.

There are also a number of former deputy governors in the Red Chamber, including Mrs Biodun Olujimi (Ekiti) and Enyinaya Abaribe (Abia).

Some of them have gone on to spend more than the period they spent as governors and deputy governors in their states.

Abaribe, for instance, has been representing the Abia South Senatorial District of Abia State since April 2007.

A professor at the Department of Political Science, University of Lagos, Akinboye Oladele, said lack of political sensitisation and education was mostly responsible for the recycling of leaders in the country.

He also agreed with Donli, saying if more youths were politically conscious and engaged, they would be able to get rid of recycled leaders found in every political sphere of the country.

However, he said it might not be easy, considering the monetisation of politics in the country.

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He said, “Ideally, anyone has the fundamental rights to contest for any elective position, but the people have the right of choice. The people determine who should represent them. What I have seen is that most of these governors would usually have amassed great wealth at their offices so that they could have enough money to throw around to fulfil their next ambitions.

“And this is so because politics in this part of the world is plagued by money, hence, even if the people do not want them to represent them at the Senate, due to the instrumentality of money and financial resource, they manoeuvre their way there. And this has not augured well for our country.

“People, especially the youths, should become more politically aware to know what’s required from someone who will represent them at the National Assembly. If we want to get rid or reduce the phenomenon of recycling leaders or those turning the National Assembly into a retirement home, we need enough political sensitisation and education. Unfortunately, this is not happening.”

Nevertheless, Oladele was of the opinion that politicians who had performed well as governors might be able to carry their wealth of experience to the National Assembly and, therefore, be able to contribute meaningfully to national development.

A Port Harcourt-based political scientist, Dr. Charles Ayibadiwori, said governors would keep turning the National Assembly into a place of rest “as long as they see it as a place to make unquestionable amount of money as allowances.”

Recently, the senator representing Kaduna Central District, Mr. Shehu Sani, disclosed that he and his colleagues collect N13.5m monthly as running cost allowance, aside from others such as hardship allowance, constituency allowance, furniture allowance and wardrobe allowance, all running into millions of naira.

Ayibadiwori said, “So, tell me how a governor wouldn’t want to go and enjoy his life after his tenure? They talk less there, but they collect big money. Like I have always said; it is high time we made the National Assembly less appealing to the politicians.

“There are young, innovative people in this country who can do the job effectively and would be comfortable with just a salary that would take care of their expenses. Some of these guys have businesses that they have built.

“They have something else they are doing with their lives. They are not the regular politicians who wouldn’t have any source of income when they leave elective or selective positions.

“The problem I have is such people too don’t come out and show interest in politics. They need to come out and wrest power from the recycled leaders.”

A Senior Advocate of Nigeria, Mr. Yusuf Ali, said if governors who want to go to the Senate would only do so to add value to the lives of the people, their action wouldn’t be criticised, especially as they could use their experience while at the helm of affairs of their states to contribute to nation-building.

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He said, “You cannot deny them their rights to vie for the office. I want to look at this issue in two ways: first, when you have people like that in the National Assembly, they make the legislative arm of the government to be more independent.

“This is because they cannot be pushed around by the executive. Having governed states before, they would have garnered lots of experience.

“However, they can only use their experience for the public good if they are selfless; if they see it as a service to the people, and not as an opportunity to add more wealth to their purse.”

On ending the phenomenon of recycling leaders in the country, Ali said, “If our politics were not monetised, it would help a lot in avoiding recycled leaders or governors turning the National Assembly into a retirement home.”

In her opinion, Lagos-based public affairs analyst, Ms Pearl Ozulanba, said the phenomenon whereby governors see the National Assembly as their next “abode” was due to the political structure in the country.

She noted that the structure had allowed some politicians to arrogate so much power to themselves to the extent that some of them, including governors, take decisions on their successors without caring about who and what the people want.

She said, “If you look at the problems we have in this country, these are problems that have been there for 10, 20 years, and they keep multiplying basically due to the problem of recycled leaders. The same person who has run a state poorly would still want to contest for the National Assembly. How can our nation then grow?

“Truth is, a lot of people in the National Assembly are just representing themselves, not the people they claim to be representing. Those vying to be in the National Assembly should see it as a means of serving the people, and not as a means of enriching themselves.”

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.

The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.

Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.

He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.

“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.

Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.

While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.

Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.

He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”

Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.

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He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”

 

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Dangote Slashes Diesel Price Amidst Economic Optimism

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Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.

The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.

This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.

In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.

“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.

As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.

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