National Issues
Revisiting Nigeria’s political trajectory
The political formation, which eventually secured Nigeria’s independence, was powered by the ideals of independence and Nigerians expected that the country’s domestic affairs would be wholesome. However, immediately after the independence issue got sorted, her internal socio-political contradictions and gray public administration dynamics became manifest. To put it mildly, things that were hitherto not so observable, even by the political gladiators, were thereafter obvious to the public, especially, the educated Nigerians.
The transfer of power was just a ceremony; the government’s policy contents and implications on the nitty-gritty of the day-to-day administration became dawned on the people onto whom the power was transferred.
Contextually, Nigerians might have been thinking that, once Nigeria attained independence, it was only a matter of time before she would access non-negotiable, reckoned greatness and enter into the Promised Land, where all things would be bright and beautiful. But then, it is unfortunate that Nigeria’s political trajectory is one of missed and/or messed-up opportunities; nothing but a wholesale fraud! The experiential reality of Nigeria is that of a confused society experimenting with the concept and unclear idea of an independent state. Sad, that so far, the pathway through which leaders emerge in Nigeria is lined with malignant cancerous cells which have for long been left unattended. So, leadership remains problematic!
Though debatable, Nigeria’s problems as a nation-state have not been unconnected with how to move the country forward. They were not very many; but, while some Nigerians already had advanced knowledge of how the country should run and develop, others were held back by the primitive ideas of their forebears. To them, truncating this age-long mode of living could be likened to a descent into slavery. Jephthah was careless and lost his only child! Needless to highlight therefore the lack of consensus or an agreeable definition of development among the critical mass of Nigerians; even the elite, to date! The level of education or lack of it, across the board, has also not helped matters. The ability to interpret and process information for the use of the country’s handlers is also at its ebb.
Well, while it is easier to blame the government or third party, it becomes a different ballgame entirely when one is saddled with the responsibility and the power to execute government policies. So, issues like differences in ethnicity, religion, culture, and differential geographical locations not only became manifest,post-independence; they also constituted the fault lines in Nigeria’s geopolitical space. Perhaps, they remain the topical issues till tomorrow!
Take the Hausa culture as a case study! A section of the North never forgave the late Obafemi Awolowo for attempting to introduce western education to the region. Awolowo was already going on the path of Lin Kuan Yew by making education free and compulsory in the then Western Region. Depending on how buoyant the economy was, he had wanted education to be free up to the university level. In his view, the sane option was to train all, regardless of tribe, religion, or gender; because today’s untrained children were most likely to become the future’s serious liability. Whereas the novel idea was embraced in the Western Region, the Northern Region drove Awolowo away with his Free Education and allied ‘jargons.’ With the helpful knowledge of hindsight, is it any wonder that almajirai still thrives in parts of the country, decades after independence? Had we trekked this now-lost path, wouldn’t the country have long overcome the basest challenges that have now paralysed its faith? And, if we may ask, can there be any meaningful development without education?
It is interesting to note that the majority of Nigerians still cling to the hope that their dear country would develop. Why did I say so? It was a tug of war among the regions before the leaders could agree that there should be independence. As fate would have it, the region that welcomed it the least is the region now enjoying the benefits therefrom the most. Come to think of it, immediately Awoism was removed from the system of government, Nigeria began to retrogress. Even, in the Southwest, our pride as the economic powerhouse and epicenter of civilization for the country began to wane. A peep into WAEC results in the last five or six years would confirm how backward the zone has become in its much-touted prowess in education because of the status enhancement, hitherto attached to it in this part of the world, has taken flight. Since leadership is insensitive to anything, the pursuit of excellence via education no longer has any meaning. So, all the efforts of leaders like Awolowo have become redundant!
I have argued elsewhere that Nigeria’s major challenge is the absence of leaders with known aggressive pursuits towards knowledge, innovation, and/or development. On December 31, 1983, the Buhari/Idiagbon regime identified gross indiscipline and corruption as the main reasons for Shehu Shagari’s ouster as Nigeria’s president. In replacement, the junta cheerfully tormented the county with military fiat even as Nigerians hailed the ‘timely’ intervention. But the regime was soon to be accused of high-handedness, especially by Ibrahim Babangida and his gang who put a balm, albeit, temporarily, on the accusation and whetted the appetite of the bureaucratic machinery with subversive generosity and populist rhetoric to the admiration of Nigerians. But the ‘evil genius’ would soon betray his colour!Sani Abacha rode to power on the anvil of Nigeria’s ‘imminent collapse.’ He reduced the pump price of the premium motor spirit, PMS, and Nigerians clapped into the high heavens! But, by the time the apple reportedly dealt him a cruel and decisive blow, Sani had looted the treasury blind! Welcome, Abdulsalami Abubakar, the reluctant Head of State! He was wise and calculative. For obvious reasons to boot, he never rocked any boat. Instead, Abubakar ran a calculatedly-permissive administration with all the perks to his kitty, until he, too, went his own way.
Those who understand the game of power would admit that Nigeria’s democratic experience is like a statue – with neither functional hands nor useful legs. Like butterflies, in search of nectar, the same old guards have been repositioning themselves at the expense of the masses. The same Alhaji Samanja Tumbuleke who contested in the parliamentary election of December 12, 1959, was refurbished and resold to Nigerians as ‘the man to beat during the Second Republic. He came back as the gubernatorial hopeful in 1992 and was a Senatorial top-notch in 2019. Elsewhere, one leader leaves office and replaces himself with his son. But, so far, it’s been a repeated circle of the circus – same old story! We keep on doing the same thing, the same way, repeatedly, all the time; still, expecting different results. How do we expect Nigeria to overcome her challenges?
This is the Year 2022! Disappointingly, we are still in the business of hoping to develop. Nothing has changed. Ours is leadership without conviction! Due to the lopsided social status structure and its debilitating effects on social interaction, the masses work for the leadership; not the other way round. Added to these is the culture-induced feudalism which makes the leadership consider the mass of the people as mere subjects, not citizens with constitutional rights. So, where do we go from here and how do we make Nigeria a country for all? Since we have imposed upon ourselves a socio-cultural value that we want to uphold at all costs, isn’t it a matter of time before Nigeria self-repudiates?
May the Lamb of God, who takes away the sin of the world, grant us peace in Nigeria!
KOMOLAFE wrote in from Ijebu-Jesa, Osun State (ijebujesa@yahoo.co.uk)
National Issues
Nigeria’s Foreign Debt Servicing Hits $3.58bn in Nine Months, Pressuring Budgets
The Nigerian government spent a staggering $3.58 billion on servicing foreign debt within the first nine months of 2024, marking a significant 39.77% increase compared to the $2.56 billion expended over the same period in 2023.
This data, drawn from a recent report on international payment statistics by the Central Bank of Nigeria (CBN), reflects a concerning rise in the country’s foreign debt obligations amid depreciating currency values.
According to the report, the most substantial monthly debt servicing payment occurred in May 2024, totaling $854.37 million. This is a substantial 286.52% increase from May 2023’s $221.05 million.
Meanwhile, the highest monthly payment for 2023 was $641.7 million in July, underscoring the trend of Nigeria’s escalating debt costs.
Detailed analysis of monthly payments further illuminates the trend.
In January 2024, debt servicing costs surged by 398.89%, reaching $560.52 million, a significant rise from $112.35 million in January 2023. However, February saw a modest reduction of 1.84%, with costs decreasing from $288.54 million in 2023 to $283.22 million in 2024. March also recorded a decline of 31.04%, down to $276.17 million from $400.47 million the previous year.
Additional fluctuations in debt payments continued throughout the year, with June witnessing a slight decrease of 6.51% to $50.82 million from $54.36 million in 2023. July 2024 payments dropped by 15.48%, while August showed a 9.69% decline compared to 2023. September, however, reversed the trend with a 17.49% increase, highlighting persistent pressure on foreign debt obligations.
With the rise in exchange rates exacerbating these financial strains, Nigeria’s foreign debt servicing costs are projected to remain elevated.
The central bank’s data highlights how these obligations are stretching national resources as the naira’s devaluation continues to impact debt repayment in dollar terms.
Rising State Debt Levels Add Pressure
The federal government’s debt challenges are mirrored by state governments, whose collective debt rose to N11.47 trillion by June 30, 2024.
Despite allocations from the Federal Accounts Allocation Committee (FAAC) and internally generated revenue (IGR), states remain heavily reliant on federal transfers to meet budgetary demands.
According to the Debt Management Office (DMO), the debt burden for Nigeria’s 36 states and the Federal Capital Territory (FCT) rose by 14.57% from N10.01 trillion in December 2023.
In naira terms, debt rose by 73.46%, from N4.15 trillion to N7.2 trillion, primarily due to the naira’s depreciation from N899.39 to N1,470.19 per dollar within six months. External debt for states and the FCT also increased from $4.61 billion to $4.89 billion during this period.
Further data from BudgIT’s 2024 State of States report illustrates how reliant states are on federal support. The report revealed that 32 states depended on FAAC allocations for at least 55% of their revenue in 2023.
In fact, 14 states relied on FAAC for 70% or more of their revenue. This heavy dependence on federal transfers underscores the vulnerability of states to fluctuations in federal revenue, particularly those tied to oil prices.
The economic challenges facing both the federal and state governments are stark. The combination of mounting foreign debt, fluctuating exchange rates, and high reliance on federally distributed revenue suggests a need for fiscal reforms to bolster revenue generation and reduce vulnerability to external shocks.
With foreign debt obligations continuing to grow, the report emphasizes the urgency for Nigeria to address its debt sustainability to foster long-term economic stability.
National Issues
Rep. Oseni Urges Urgent Action on Rising Building Collapses in Nigeria
Engr. Aderemi Oseni, representing Ibarapa East/Ido Federal Constituency of Oyo State in the House of Representatives, has called for a prompt investigation into the increasing occurrences of building collapses in major cities across Nigeria.
In a motion presented to the House on Wednesday, Oseni expressed deep concern over the alarming frequency of building collapses, emphasising the threat they pose to the lives and property of Nigerians.
The APC lawmaker, through a statement by his media aide, Idowu Ayodele, cited the recent collapse of a two-storey school building at Saint Academy in Busa Buji, Jos, Plateau State, on July 12, 2024. The tragic incident, which trapped 154 people and claimed 22 lives, is the latest in a series of similar disasters, raising serious concerns nationwide.
Oseni also referenced a report from The Punch newspaper, which revealed that Nigeria had recorded 135 building collapse incidents between 2022 and July 2024.
“This figure is alarming and unacceptable,” he stated, stressing the urgency of preventing further occurrences.
The Chairman of the House Committee on Federal Roads Maintenance Agency (FERMA), Oseni reminded the House that the Council for the Regulation of Engineering in Nigeria (COREN) and other relevant professional bodies are responsible for ensuring compliance with building standards and practices.
“Despite these regulatory frameworks, the recurring collapses suggest that enforcement is lacking. The loss of lives, properties, and resources is staggering, and this disturbing trend must be addressed immediately,” he remarked.
He proposed the formation of an Adhoc Committee to investigate the underlying causes of these collapses and recommend both immediate and long-term solutions.
Also, he urged the House Committee on Legislative Compliance to ensure swift implementation of any recommendations.
The House agreed to deliberate on the motion and is expected to present its findings and proposed actions within eight weeks.
National Issues
Corruption Among Political, Religious Leaders Stalls Nation-Building – Olugbon
The Vice-chairman of the Oyo Council of Obas and Chiefs, Oba Francis Olusola Alao, has expressed deep concern over the increasing involvement of religious leaders in material pursuits, accusing them of abandoning their spiritual duties in favour of wealth and influence.
Oba Alao, who is also the Olugbon of Orile Igbon, made this statement during a visit from the leadership of the Cherubim and Seraphim Church Movement “Ayo Ni O,” led by Baba Aladura Prophet Emmanuel Abiodun Alogbo, at his palace in Surulere Local Government on Thursday.
The monarch accused some religious leaders of sharing part of the blame for the moral and political crises that have engulfed the nation. According to him, spiritual leaders, once seen as the moral compass of society, have become compromised by corruption, aligning themselves with the very forces they should condemn.
Oba Alao was unapologetic in his criticism, stating, “Ninety-five percent of Nigerian leaders, both political and religious, are spiritually compromised.”
He argued that this moral decay among clerics has made it impossible for them to hold political leaders accountable or speak the truth to those in power, as their integrity has been eroded by their pursuit of material wealth.
“Carnality has taken over spirituality. Our religious leaders can no longer speak the truth to those in authority because their minds have been corrupted. Most of the so-called General Overseers (G.O.) are corrupt and perverted,” Oba Alao added.
He stressed that this shift towards wealth accumulation at the expense of spiritual values has greatly contributed to the country’s stagnation in development and social justice.
Olugbon urged both religious leaders and traditional rulers to reflect on their actions, reminding them that they would be held accountable for their stewardship, both in this world and the next.
“The prayers of sinners are an abomination before God, hence the need for our leaders to rethink,” he warned.
The monarch concluded by reiterating the transient nature of power and the importance of staying true to sacred duties, regardless of the temptation to indulge in worldly gains. “I am a traditional ruler. I don’t belong, and will never belong, to any occultic groups,” he emphasised, drawing a clear line between his position and the corrupt practices of some leaders.
In response to the Cherubim and Seraphim Church Movement’s request for collaboration on community development projects, Oba Alao assured them of his support.
“Your requests are aimed at the development of the Orile Igbon community. I am assuring you that necessary assistance will be provided in this regard.”
Earlier, Prophet Alogbo requested the monarch’s collaboration on a range of community development projects. These initiatives include the establishment of a women and youth empowerment center, clean drinking water initiatives, a bakery, animal production facilities, and farm produce processing.
Other proposals included a diagnostic and medical center, a full-size recreational sports facility, and a home care facility for the elderly.
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