Opinion
Nigeria: Dancing On The Edge Of Destiny

Nigeria stands as a paradox, endowed with immense natural wealth yet grappling with staggering poverty levels among its populace. The country is blessed with an abundance of resources, including diverse agricultural products, vast oil reserves, and a burgeoning tourism and entertainment industry, all of which hold immense potential for national prosperity. Despite this richness, many Nigerians endure dire economic conditions, raising questions about the effective management and equitable distribution of wealth generated from these resources.
The agricultural sector in Nigeria is a significant contributor to both the economy and food security. With favourable climatic conditions and arable land, Nigeria has the potential to become an important player in global agriculture. However, inefficiencies in farming techniques, lack of access to modern equipment, inadequate infrastructure, and insecurity impede growth, leaving many farmers in subsistence conditions. By addressing these challenges, Nigeria could harness its agricultural wealth to reduce poverty and strengthen its economy.
Similarly, oil and gas remain at the forefront of Nigeria’s natural resources, providing a substantial share of government revenue. Unfortunately, the oil riches have also been a source of conflict and corruption, leading to environmental degradation and social unrest in oil-producing regions. Although the sector can foster economic growth, the mismanagement of resources has prevented the country from fully benefiting from its wealth. Furthermore, the fluctuating oil prices on the global market create vulnerability, emphasizing the need for economic diversification.
The entertainment industry, particularly Nollywood, represents another facet of Nigeria’s wealth. This sector showcases rich cultural heritage, offers employment opportunities, and generates income. Despite its success, it has not yet been leveraged to bring about far-reaching economic change across the country. Without addressing existing systemic challenges, Nigeria’s abundant resources might continue to dance precariously on the edge of opportunity, further complicating the narrative of its natural wealth.
Leadership Challenges and Political Corruption
Significant leadership issues and pervasive political corruption have plagued Nigeria’s history. Since gaining independence in 1960, the nation has witnessed a succession of leaders, many of whom have failed to prioritize the welfare of their citizens. Ineffective governance has not only hampered Nigeria’s growth but has also led to a persistent cycle of political instability. This crisis of leadership has contributed significantly to the erosion of public trust in governmental institutions, weakening the social fabric of the country.
The impact of political corruption is deeply entrenched in Nigeria’s socio-economic landscape. Corruption permeates various layers of governance, leading to the misallocation of resources intended for public welfare. Essential services such as healthcare, education, and infrastructure development suffer as funds are diverted for personal gain. The consequences of such malfeasance are evident in the rise of poverty rates, inadequate healthcare systems, and a significant lack of access to quality education. Consequently, these socio-economic challenges create a vicious cycle that further exacerbates the leadership crisis.
Historically, Nigeria has experienced a range of leadership styles, from military rule to civilian governments, yet the recurring theme remains the same: a failure to eradicate corrupt practices. Each new leadership regime often promises reform and better governance, but these assurances rarely translate into meaningful change. The lessons from past experiences underscore the importance of accountability and transparency in rebuilding trust between the government and the populace. As the nation grapples with its leadership crisis, the intersection of governance and corruption demands critical attention to chart a new course towards sustainable development and empowerment.
The Hardships Under the Current Administration
The current administration of Nigeria, under President Bola Tinubu, has ushered in an array of policies that have sparked significant public discourse due to their profound impact on the lives of ordinary Nigerians. Notably, the removal of fuel subsidies has been a pivotal move that has reverberated through the economy, leading to steep increases in fuel prices. This sudden change has not only made transportation costs soar but has also led to a ripple effect, dramatically affecting the prices of basic goods and services. Citizens are now grappling with the daily realities of inflated living costs, often on already strained budgets.
Furthermore, the naira floating, aimed at addressing exchange rate discrepancies, has instead resulted in further devaluation. The naira’s instability has posed challenges for local businesses and individual consumers, making it increasingly difficult to afford essential products. This monetary policy highlights the delicate balancing act required in governance, reflecting the complexity of addressing economic issues while ensuring the welfare of the populace. Many Nigerians report feelings of uncertainty and anxiety regarding their financial futures, emphasizing a general sentiment of disillusionment with the direction of government policy under the Tinubu administration.
A Path Forward: Hope or Despair?
Nigeria’s current circumstances present a dichotomy of hope and despair. Despite the numerous challenges confronting the country, including political instability, economic hardships, and social unrest, there is a glimmer of hope that reform is possible through concerted efforts by the populace and leadership. As the country reaches a crossroads, systemic reforms have the potential to catalyze change. These reforms must prioritize institutional strengthening, increase transparency, and promote inclusive and sustainable economic growth.
Public participation is critical in this endeavour. Citizens must reclaim their agency by actively participating in democratic processes, advocating for accountability from their leaders, and demanding that their voices be heard. Civic education should be promoted to ensure that the electorate is informed and empowered to make decisions that affect their future. Furthermore, civil society organizations can play a pivotal role in mobilizing resources and providing platforms for dialogue, where citizens can articulate their needs and aspirations.
Accountability from leadership is another cornerstone for progress in Nigeria. As the people seek a path forward, leaders must prioritize the needs of their constituents over personal interests. Regular assessments of governmental performance, transparency in budgeting and spending, and anti-corruption measures can help to restore public trust. Leaders who demonstrate commitment to these principles may inspire hope and foster collective action aimed at the common good.
Ultimately, the question remains: Who holds the key to Nigeria’s promised future? The answer lies within the collaboration between the government and its citizens, whereby both parties work towards common objectives. The road to prosperity for Nigeria is not easy, but through systemic reforms, public engagement, and accountability, there exists an opportunity to transform hope into reality, steering the nation towards a brighter tomorrow.
Mimiola, an Award-Winning journalist, sent in this piece.
Opinion
Beyond the Blackboard: How Akinde Aremu is Reshaping Federal Polytechnic Ilaro

In a world that is increasingly dependent on sound financial expertise and innovative management practices, illuminating figures are crucial for the academic and professional growth of a nation. One such figure is Dr. Akinde Mukail Aremu, the esteemed Rector of the Federal Polytechnic, Ilaro in Ogun State. With an impressive academic background and a commitment to excellence in education, Dr. Akinde is not just shaping the minds of future financial leaders; he is also positioning the institution at the forefront of Nigeria’s educational landscape.
A Legacy of Academic Excellence
Dr. Akinde’s academic journey is nothing short of remarkable. With multiple degrees—a Bachelor’s and Master’s in Economics, a Master’s in Finance, and a PhD in Finance—his expertise spans across vital fields like Financial Management, Business Finance, and Financial Accounting. His position as the Chief Lecturer in the School of Management Studies at the Federal Polytechnic is a testament to his commitment and passion for education. Dr. Akinde’s rich academic fabric is woven with numerous publications in reputable journals, exploring key issues from stock market performance to the complexities of financial reporting standards in Nigeria.
His research interests primarily lie in finance and financial analyses, where he tirelessly seeks to address pertinent economic questions, providing insights that resonate deeply within the Nigerian financial landscape. His studies not only contribute to academic discourse but also guide policy-making in the financial realm, fostering a better understanding of economic development in Nigeria.
Championing Innovative Pedagogy
As a dedicated educator, Dr. Akinde has consistently advocated for modern pedagogical methods that inspire creativity and critical thinking among students. His teaching areas encompass crucial subjects that equip students with the financial acumen needed in today’s dynamic economic environment. By incorporating practical examples and real-life scenarios into his curriculum, he ensures that students are not just passive recipients of knowledge but active participants in their learning journey. His hands-on approach is fostering a generation of finance professionals ready to tackle the challenges of the industry head-on.
Elevating the Institution to New Heights
Under Dr. Akinde’s leadership, the Federal Polytechnic, Ilaro, is experiencing a renaissance. His vision for the institution is clear: to provide quality education that meets the benchmark of global standards. His strategic initiatives have led to the establishment of innovative programs that align with market needs, ensuring that graduates are not only employable but also ready to lead. His emphasis on human capital investment and sustainable economic strategies positions the institution as a beacon of hope for Nigeria’s future.
Furthermore, Dr. Akinde’s efforts extend beyond the classroom. His participation in international conferences and collaboration with academic institutions worldwide has spotlighted the Federal Polytechnic on a global stage. By fostering partnerships and exchanging knowledge with global thought leaders, he is silencing the cynics and proving that Nigerian institutions can compete on an international level.
A Voice for Change and Development
Beyond academia, Dr. Akinde is a vocal advocate for fiscal responsibility and policy reform in Nigeria. His extensive research publications reflect a commitment to dissecting the intricacies of Nigeria’s financial landscape, addressing critical issues ranging from foreign direct investment to the implications of tourism development on economic growth. His work sheds light on the pivotal role that education and informed fiscal practices play in Nigeria’s quest for economic revival.
Dr. Akinde understands that his role transcends academia; he is a mentor, an innovator, and a change-maker. His unwavering dedication to equipping the next generation of leaders with the skills and knowledge they need to thrive in an increasingly complex world is evident in every initiative he undertakes.
In conclusion, Dr. Akinde Mukail Aremu’s leadership at the Federal Polytechnic, Ilaro is redefining the educational landscape of Nigeria. His commitment to academic excellence, innovative pedagogy, and social responsibility serves as an inspiration for students and educators alike. As he continues to shape the future of financial education in Nigeria, there is little doubt that Dr. Akinde is not just preparing students for jobs—he is preparing them to become the architects of the nation’s economic future. In a rapidly evolving global economy, his vision and leadership will undoubtedly leave an indelible mark on the educational sector and beyond.
Opinion
El-Rufai’s SDP Gambit: A Political ‘Harakiri’ | By Adeniyi Olowofela

Former Governor of Kaduna State, Nasir Ahmad El-Rufai, is a restless and courageous politician. However, he ought to have learned political patience from President Bola Ahmed Tinubu, who spent years building a viable political alternative to the Peoples Democratic Party (PDP) when its stalwarts boasted that they would rule Nigeria for 64 years.
Cleverly, Tinubu abandoned the Alliance for Democracy (AD) to establish another political platform, the Action Congress (AC), which later metamorphosed into the Action Congress of Nigeria (ACN).
In collaboration with other political groups—including the Congress for Progressive Change (CPC) and some elements of the PDP—the All Progressives Congress (APC) was born, with El-Rufai as one of its foundation members. Ultimately, the APC wrestled power from the PDP, truncating its 64-year dominance plan.
For El-Rufai to abandon the APC now is nothing short of political suicide, as Tinubu is strategically positioned to secure a second term with an array of both seen and unseen political foot soldiers.
The Social Democratic Party (SDP), as a political entity, effectively died with the late Moshood Kashimawo Olawale (MKO) Abiola. Any attempt to resurrect it is an exercise in futility.
For the sake of argument, let’s consider a hypothetical scenario: Suppose another southern politician is fielded in 2027 and wins the election. Even if he signs an agreement to serve only one term, political realities could shift, and he may seek another four years.
If anyone doubts this, they should ask former Presidents Olusegun Obasanjo and Goodluck Jonathan. The simple implication of this is that President Tinubu remains the best candidate for northern politicians seeking a power shift back to the North in 2031—at which point El-Rufai could have been one of the credible northern contenders for the presidency.
When Ebenezer Babatope (Ebino Topsy), a staunch Awoist, chose to serve in General Sani Abacha’s regime, he later reflected on his decision, saying: “I have eaten the forbidden fruit, and it will haunt me till the end of my life.”
By abandoning the APC for another political party, El-Rufai has also eaten the forbidden fruit. Only time will tell if it will haunt him or not.
However, for some of the political leaders already contacted from the South West, supporting any party against President Tinubu would be akin to Judas Iscariot’s betrayal—a reputation no serious South West politician would want to bear.
El-Rufai’s departure from the APC to SDP is nothing short of a suicidal political move, reminiscent of Harakiri.
Prof. Adeniyi Olowofela, a former Oyo State Commissioner for Education, Science, and Technology and the Commissioner representing Oyo State at the Federal Character Commission (FCC), sent this piece from Abuja, the nation’s capital.
Opinion
Akpabio vs. Natasha: Too Many Wrongs Don’t Make A Right

For most of last week, Senate President Godswill Akpabio was in the eye of the storm as his traducer, Senator Natasha Akpoti-Uduaghan, who represents Kogi Central, was relentless in getting her voice hear loud and clear.
Though the matter eventually culminated in the suspension of the Kogi senator for six months on Thursday, it is clear that the drama has not ended yet. The whole saga, as we have seen in the last few weeks, smacks many wrongs and few rights. The Senate scored some rights and some wrongs, the same for the Kogi senator. But in apportioning the rights and the wrongs, we have to distinguish between emotions and the rules.
Recall that in July of 2024, Senator Akpabio had compared the conduct of Senator Akpoti-Uduaghan to that of someone in a nightclub. That statement incensed the Kogi Central senator, the womenfolk, and a number of other senators. Days later, Akpabio, having sensed the mood of the Senate, spoke from his chair and said: “I will not intentionally denigrate any woman and always pray the God will uplift women, Distinguished Senator Natasha, I want to apologise to you.” That was expected of him and by that statement, Akpabio brought some calm into the relationship between him and the Kogi senator, but as we are to discover in the last two weeks, still waters do run fast under the surface.
The latest scene of the drama started with what looked like an innocuous development on the Senate floor. The Senate president, in exercise of the power conferred on him by the 1999 Constitution (as amended) and the Senate Rule book, made adjustments to the seats in the minority wing of the chamber and relocated Senator Akpoti-Uduaghan. The excuse was that following the defection of some senators from the minority side, seat adjustments had to be effected. That was within Akpabio’s power. Remember that the Senate Rule book does not only empower the Senate president to allocate seats, but he can also change the seats occasionally. So, Akpabio was right with that action. But perhaps Akpoti-Uduaghan, based on family relationships with the Akpabios, expected that she would have been alerted of the impending seat change. And on getting to the floor of the Senate to discover the seat switch, she got alarmed. Was she right to flare up? No, that is the answer. Apart from the powers of the Senate president to change seats allocated to senators, the rule book also says that every senator must speak from the seat allocated. The implication is that anything a senator says outside the allocated seat will not go into the Senate records. The Senate, or any parliament for that matter, is a regulated environment. The Hansards take records of every word and action made on the floor of the chamber. And so, it is incumbent on every senator to follow the rules.
So, on Thursday, February 20, when Senator Akpoti-Uduaghan raised hell over her seat relocation and engaged Senator Akpabio in a shouting match, she was on the wrong side of the Senate Rule book. No Senator is expected to be unruly. In fact, unruly conduct can be summarily punished by the presiding officer. It is important to note that the rules of the Senate treat the occupier of the chair of Senate President like a golden egg. The President of the Senate is the number three citizen in the country, even though he was elected to represent a constituency like his colleagues. He is first among equals, but the numero uno position comes with a lot of difference.
A legislative expert once told me that the Chair of the President of the Senate must be revered at all times and that infractions to the rules are heavily punished unless the offender shows penitence. The rule says the President of the Senate must be heard in silence; Senators must avoid naming (being called out for unruly conduct); and that any situation that compels the President of the Senate to rise up to hit the gavel in trying to restore order could earn the culprit (any named senator) summary dismissal. Those are the powers of the President of the Senate, which Madam Natasha was trying for size. I think it is important that Senators are taken through inductions on the rules and regulations, whether they got in mid-term or at the beginning of the session.
Rules are very key to operations in a big club like the Senate or the House of Representatives. But as we will later discover on this page, the number of years spent on the floor does not necessarily guarantee a clear understanding of the rules.
Well, as we saw it, Senator Akpoti-Uduaghan raised hell by protesting the decision of the Senate to relocate her seat. She was out of order, and her colleagues noted the same. With another presiding officer, she could have been suspended right there. But Akpabio didn’t do that. Then, the Kogi Central senator opened another flank, this time, outside of the Senate chamber. She granted an interview to Arise television, claiming that she had been sexually harassed by Akpabio. Here, too, Senator Natasha was on the wrong side of the Senate rules. Yes, she has a right of freedom of speech, but if the right must be meaningfully exercised, she must do so in compliance with the rules of the club she belongs-the Senate. This is expressly so because she is covered by Order 10 of the Senate Rule Book, which permits her to raise issues of privilege without previously notifying the President of the Senate or the presiding officer. The elders and the holy books also say that when you remove the log from the eyes, you show it to the eyes. As a club, the senate detests the washing of its dirty linen in the public. Such conduct led to the suspension of the late Senators Arthur Nzeribe and Joseph Waku, as well as Senator Ovie Omo-Agege, Senator Ali Ndume and even Senator Abdul Ningi in recent past.
Rather than go to the court of public opinion to accuse Akpabio of sexual harassment, Senator Akpoti-Uduaghan should have quietly assumed the seat allocated to her, raise her complaints through Order 10 and at the same time tender details of her sexual harassment allegation against Akpabio and seek Senate’s intervention. If she had done that, she would have been on the right side of Senate Rules and had Akpabio by the balls. As much as the Senate rules forbid a senator from submitting a petition he or she personally signed, the Senate does not forbid any lawmaker from raising allegations that affect either their rights or privileges on the floor. Several newspaper editors have been summoned before the Ethics Committee to answer questions of alleged breach of the privilege of senators. I recall that as correspondents in the chamber, senators were always unhappy each time we scooped a story or blow open a report they were about to submit. Such senators didn’t need to write a petition. They would only come to the floor and raise points of order on privilege. Senator Akpoti- Uduaghan failed to do that.
But the conduct of the Senate President and some of the principal officers on Wednesday, March 5, left so much to be desired of the Senate. I was shocked to see Senator Akpabio rule Senator Natasha in order; he also ruled Senator Mohammed Monguno in order as well as Senator Opeyemi Bamidele. How do you have three right rulings on one issue? First, he allowed Senator Natasha to lay a defective petition on the Senate table. That’s expressly out of order. In the days of Senate Presidents David Mark, Bukola Saraki, and Ahmad Lawan, we saw how such scenes were handled. A David Mark would simply ask the senator, ‘Distinguished Senator, please open to Order 40(4) and read’. By the time the senator finished reading the order and seeing the order had negatived his or her motion, he would only be begging to withdraw that motion. That was not the case with Akpabio. And to make matters worse, the clerks at the table were also looking lost. They could not guide the presiding officer in any way. That tells a bit about human resource capacity in the assembly. But then the Senate Leader, Opeyemi Bamidele and the Chief Whip, Mohammed Monguno, who have spent quite a long time in the National Assembly, should know better. Their interventions did more damage to Akpabio’s Senate. Once the President of the Senate had ruled Senator Natasha in order to submit a petition she personally signed, (against the rules of the Senate which forbids such), and the Kogi Central senator had approached the chair and laid the petition on the table, the matter in a way becomes sub judice, to borrow the language of the law. The Senate Rule Book classifies such an action as “Matters Not open to Debate.” So at that point, the matter was no longer open to debate. Since the gavel has been hit and the action has been taken, no senator has the right to reopen the case. It was wrong of Senator Bamidele and Monguno to immediately start to revisit a closed matter, and that’s illegal. It is wrong for Akpabio to allow it.
I recall an incident in the 6th Senate when President Umaru Yar’Adua was bedridden in Saudi Arabia. Some senators moved a motion, seeking the Senate to constitute a panel to visit Saudi and ascertain the health status of the president. Somehow, when the motion was finally passed on a day, Senator Ike Ekweremadu presided, it turned out that the motion only mandated the Federal Executive Council to do the assignment. The original proponents of the motion were enraged, but they were not allowed to reopen the matter. They had to go into lobbying and eventually secured signatures of two-thirds of the Senate to re-table the matter and that paved the way for the adoption of the famous “Doctrine of Necessity.” That’s how serious the matter should be handled, but it was trivialized by Akpabio, the Senate Leader and Senate Whip. That’s on the wrong side of the rule.
Now that Senator Akpoti-Uduaghan has been suspended, many would say she was being silenced. That is far from the truth. Her suspension was on the basis of what the senate perceived as unruly behavior on the floor. We are yet to hear the details of her sexual harassment allegations, and I believe that she has avenues to ventilate that. Nigerians earnestly await these details, which should be salacious enough to help us cool off some heat.
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