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Sustainable development: U.S, Gowon, Tinubu, others advocate strong institutions

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Eminent personalities, notable politicians and scholars on Saturday agreed on the need for Nigeria to move away from building strong individuals to building strong institutions as a means of achieving sustainable national development.

The personalities who spoke at the maiden Abiola Ajimobi Roundtable organized as part of the activities marking the 69th birthday of the Oyo State Governor, Senator Abiola Ajimobi in Ibadan, included a former Head of State, Gen. Yakubu Gowon (rtd.), National Leader of the All Progressives Congress (APC), Senator Bola Ahmed Tinubu, the United States Ambassador to Nigeria, Mr. Stuart Symington and wife of the governor, Dr (Mrs) Florence Ajimobi.

Others were former Interim National Chairman of APC, Chief Bisi Akande, former Governor of Osun State, Mr. Rauf Aregbesola, Senator Majority Leader, Senator Ahmed Lawan, the Alaafin of Oyo, Oba Lamidi Olayiwola Adeyemi III, the Ooni of Ife, Oba Enitan Adeyeye Ogunwusi and an industrialist, Chief Kola Daisi.

Speaking on the theme: “The Imperatives of Building Institutions for Lasting Legacies”, they all affirmed that while strong individuals were necessary for visionary leadership, it was only strong institutions that could enhance proactive leadership, good governance, effectiveness of the rule of law and inclusiveness of the citizenry.

Touching on the theme of the discourse, Gowon identified the civil service as one of the key institutions that any government must strengthen, noting that “protecting the integrity, confidentiality and impartiality of civil servants would enable them give political leaders the right advices.

For Tinubu, while institutions are important, a leader cannot be deemed to have succeeded, no matter how much he has achieved infrastructural renewal and other areas of development until he developed people who could succeed him and nurture the institution that he had built.

He said: “We have seen infrastructural renewal across the state; we have seen demolitions, emotions, expressions, reforms of traditional institutions. You have proved that you don’t lack courage but you can be successful as a leader not only in terms of bricks and mortals but how many other leaders you have developed who can succeed you and build on your legacies; otherwise, as you leave, the empire crumbles; the institutions you have built will go into ruins.”

Tinubu declared Ajimobi as a leader who demonstrated the rare combination of thinking and doing, adding that he had exhibited the quality of a good leader who had the courage of not only taking actions but being ready to face the consequences of his actions.

While agreeing on the need to build strong institutions, Akande however warned against what he called the growing institution of bullies who, he said, derived satisfaction in benefitting from the public purse without providing the commensurate value.

He noted “regardless of your profession, if you take money for the job you have not done, you are a third. In other countries, when people go on strike, they do not take salary for the period. All you leaders who allow people to steal from public purse should henceforth watch it.

In his own submission, Aregbesola recalled that one of the reasons why a former US President, Barack Obama shunned Nigeria and chose to visit Ghana during his visit to Africa was due to the lack of will by our leaders at the time to support the growth of institutions.

“During that visit, Obama observed that African leaders should look at building institutions and not individuals. And for me also, even though we need strong, thoughtful, resilient, idealistic and iconic people to look up to as pace setters, but Africa can only be great if we shift our focus to building institutions which will outlive these individuals,” he said.

The US ambassador, who address the gathering the gathering via an amplified telephone call from Abuja, said it was time for the people of Oyo State, Nigeria, development partners and business associates to shift attention from sustainable development to profitable development because without profit, development cannot be sustained.

He further noted that oil and land were not the important asset of the country but the people of Nigeria themselves, adding that “how the people of Nigeria, working together to transform and strengthen institutions from inside out is the only way for creating trust that will ensure development, trust for people to take their hard earned capital and their very lives and invest in the country because they will be welcomed and well treated”

According to the envoy, institutions don’t have memories and reputations, it is the leaders that drive them.

In his own submission, the Senate Leader said strong institutions were created and nurtured by strong men; leaders of vision and integrity who were focused, noting that after Tinubu had created strong institutions in Lagos State, he made sure that strong and competent leaders succeeded him to make the institutions sustainable.

“We also have such a leader in Governor Ajimobi. He came with a vision; he had courage and competence; he believes in probity and that is why Oyo State has had a smooth primary; the governor is more interested in people who can sustain his institutional reforms and other legacies and not in his own personal preferences,” he said.

Speaking about the governor, Oba Adeyemi noted “Ajimobi is the 20th governor that I have worked with. I have worked intimately as a son and as governor. If you are brilliant, truthful and hardworking, he will work with you. He runs an inclusive government but you can only get something from him if you key into his vision of RTR, meaning reformation, transformation and repositioning”.

During the panel discussion that was moderated by Prof. I. A. Adeyemi, the discussants including Prof. Tunji Olaopa, a retired federal permanent secretary and a Senior Advocate of Nigeria, Prof. (Mrs.) Oluyemisi Bamgbose, also harped on the need for building institutions that would ensure sustainable development.

While expressing gratitude to the guests, Governor Ajimobi noted that “all developments are sustained by visions, intellectualism, principle and the courage we need to implement what we have envisoned; we started this roundtable because we believe no social or physical development can be achieved without intellectual and human capital development.

The governor added “no leader is successful until he has chosen a worthy successor; all actions that I have taken were guided by God and the determination to make a difference. When we came, we saw broken bricks but we are leaving Oyo State with marbles.”

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Tegbe clarifies: No 3-month promise on power grid, outlines realistic reform timeline

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The Minister-designate for Power, Joseph Olasunkanmi Tegbe, has firmly clarified that he never promised to fix Nigeria’s national electricity grid within three months, describing such claims circulating in sections of the media as a misrepresentation of his Senate screening remarks.

A statement issued  after his appearance before the Senate stressed that Tegbe was deliberate and cautious in his presentation, avoiding unrealistic timelines while outlining a structured reform pathway for the power sector.

According to the clarification, Tegbe explained that while Nigerians can expect early signs of progress, particularly in grid stabilisation within his first 100 days in office, comprehensive reforms will be guided strictly by technical assessments, stakeholder consultations, and sector realities.

He noted that critical challenges such as gas supply constraints, metering gaps, infrastructure decay, and commercial inefficiencies require coordinated interventions that cannot be resolved through arbitrary timelines.

“My commitment to this distinguished chamber and to Nigerians is clear: we will deliver visible and measurable improvement in the power sector,” Tegbe stated during the screening.
He assured that his focus would include stabilising the national grid, modernising transmission and distribution infrastructure, strengthening commercial frameworks, and enforcing accountability across the electricity value chain.

On tariff policy, the minister-designate reaffirmed that reforms would be carefully designed to balance sustainability with social protection, ensuring that vulnerable households are shielded while also restoring investor confidence in the sector.

The statement further emphasised that Tegbe’s approach reflects discipline, technical understanding, and a reform-minded agenda aimed at delivering lasting solutions rather than short-term political promises.

It added that he remains open to responsible media engagement and constructive clarification where necessary, noting that accurate reporting is essential to public understanding of ongoing efforts to reposition Nigeria’s power sector.

Tegbe reaffirmed his readiness to lead a transparent, results-driven reform process anchored on accountability, realism, and measurable progress.

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Yoruba Heritage Festival Honouring Ogedengbe Begins July 29

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A grand cultural renaissance celebrating the enduring legacy of legendary Yoruba war hero and statesman, Ogedengbe Agbogungboro, will take centre stage as the 2026 edition of Ogedengbe Fiesta holds from July 29 to 31 across Osun State and Ekiti State.

The three-day heritage festival, unveiled by organisers on Wednesday, is themed, “Ogedengbe Agbogungboro Legacy: Leadership, Security, and Statecraft for Modern Governance in Nigeria.”

The event is designed to preserve Yoruba cultural heritage, deepen historical consciousness, promote tourism and stimulate national conversations on leadership, peacebuilding and governance.

According to the organisers, the fiesta will commence with traditional homage at Atorin and heritage excursions to notable Kiriji War historical sites in Imesi-Ile, where participants will relive significant moments in Yoruba military and political history.

The programme will also feature guided visits to the historic Ogedengbe Cave, Ibu Latoosa Site and the Yoruba Peace Treaty Grove, all regarded as symbolic monuments of Yoruba resilience, diplomacy and unity.

As part of activities lined up for the celebration, participants will tour the gardens of renowned legal icon and elder statesman, Afe Babalola, in Okemesi-Ekiti.

The organisers further disclosed that a Legacy Awards and Hall of Fame Investiture ceremony would hold in Ilesa to honour individuals who have contributed immensely to the promotion of Yoruba culture, leadership and community development.

A distinguished personality lecture in honour of Aare Afe Babalola, SAN, OFR, CON, and Arole Fabunmi of Okemesi-Ekiti is also expected to headline the event, with scholars, traditional rulers, cultural enthusiasts and public intellectuals billed to discuss pathways to strengthening governance and security through indigenous values and historical lessons.

The organisers noted that all activities would commence daily by 11am, adding that the festival would serve as a rallying point for lovers of Yoruba culture, history and tourism across Nigeria and beyond.

They described the fiesta as not only a celebration of the heroic exploits of Ogedengbe Agbogungboro, but also a strategic platform to inspire a new generation of leaders through the ideals of courage, unity, patriotism and visionary leadership.

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No Return to Fuel Subsidy, FG Insists Amid Rising Hardship

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Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele

The Federal Government on Tuesday ruled out any plan to reinstate fuel subsidy despite worsening economic hardship and mounting public pressure.

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, stated this in Paris, France, during a meeting with global investors alongside President Bola Tinubu.

Oyedele said the government would also not introduce price controls, stressing that market forces remain the preferred mechanism for determining petrol prices.

“We will not bring back fuel subsidy because it creates distortions for the economy, and we won’t introduce price control because we believe in the market,” he said.

The minister argued that the subsidy regime had long undermined economic efficiency, adding that emerging global energy shifts, including developments in Iran, present fresh investment opportunities for Nigeria.

The removal of petrol subsidy in May 2023 triggered a steep rise in inflation, worsening the country’s cost-of-living crisis.

Nigeria’s headline inflation climbed from 22.41 per cent in May 2023 to 34.19 per cent by June 2024 — its highest level in nearly two decades — driven by surging fuel, food, and transportation costs.
Food inflation further accelerated, exceeding 39 per cent by October 2024, while transport fares soared by nearly 300 per cent, compounded by currency devaluation.

Despite the economic strain, Tinubu defended the policy, saying it had stabilised the foreign exchange market.

“Subsidy that was a burden to the entire country was removed, and ever since we have achieved FX stability,” the President said, according to his Special Assistant on Social Media, Dada Olusegun.

In a related statement, the President’s Special Adviser on Information and Strategy, Bayo Onanuga, said the administration’s reforms were aimed at eliminating structural distortions, strengthening macroeconomic stability, and laying the foundation for inclusive growth.

He added that the government remained committed to fiscal discipline and transparency.

Highlighting economic progress, Oyedele disclosed that Nigeria recorded an 11.2 per cent growth in Gross Domestic Product in dollar terms in 2025, describing it as a major step towards the country’s ambition of building a $1tn economy by 2030.

He also pledged that the government would begin publishing quarterly financial reports to enhance accountability and public trust.

Also speaking, the Director-General of the Debt Management Office, Patience Oniha, assured investors of Nigeria’s commitment to prudent borrowing and sustainable debt management.

The Federal Government has continued to defend its reform agenda despite growing public discontent, insisting that the long-term gains will outweigh the current economic pains.

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