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.

The Presidency addressed several issues last Wednesday as the Special Adviser to President Bola Ahmed Tinubu on Information and Strategy, Mr. Bayo Onanuga picked the microphone to give perspectives to certain developments. One of the issues he addressed was the lingering feud between the Nigerian National Petroleum Corporation Limited (NNPCL) and Dangote Refineries Limited.

Onanuga said that President Tinubu would not intervene in the feud because the two entities “operate independently in a deregulated market.”

According to Onanuga, the Premium Motor Spirit (PMS) field has been deregulated, just as Dangote is a private company. The NNPCL is a limited liability company, he said. In the loaded statement, the presidential adviser was hinting Nigerians why the President cannot dabble into the huge but confusing feud between Dangote Refineries and NNPCL, over the pricing of petroleum products in the country.

The presidential adviser and Nigerians are not oblivious to the implications of his statement. First, a lot of hope had been invested in the Dangote Refineries by Nigerians, who had concluded that its coming on stream would yield them cheaper fuel and help end the perennial fuel scarcity that kept the pumps at the filling stations dry for most of the months. But as the refinery was about to fag off its full operations, officials of the refinery, the NNPC and its subsidiaries started singing some music with disparaging tunes. Accusations upon accusations were rampaging in the air, while some name calling and tagging were being spread openly and under the table. It became obvious that elements in the administration of President Tinubu were opposed to the operation of the local refinery. Such insinuations must have prompted the President of Dangote Group, Alhaji Aliko Dangote to speak out in some tones not easily attributable to him hitherto. He alleged that officials of the NNPC were running a blending plant in Malta, where fuel is imported into Nigeria. He equally offered to hand off the Lagos-based refinery if the government would buy him out.

As tension rose, between Dangote and NNPCL, the corporation was having the last laugh, as it chose the same time to unleash some violent strokes of koboko whips on the back of the Nigerian citizen. It galloped fuel prices at will and at the same time locked the products away from their reach. Queues got unwinding at filling stations and the agony was unending. The hunger and thirst for Dangote fuel grew, but the NNPC chose to remain the stumbling block. I guess that the cries of Nigerian citizens at one point got across the Aso Rock Villa, in Abuja and the presidency had to order a temporary ceasefire. NNPCL was directed to create avenues for the supply of crude oil to Dangote in Naira while the refinery too was to agree to a pricing model to be fashioned by the Federal Executive Council. Even at that, the two combatants have continued to throw jabs at each other, especially over what should constitute the exact price of Dangote petrol. While Dangote had claimed that fuel from its refineries would be far cheaper than imported ones, the NNPC had given a conflicting indication. The NNPC/Dangote tango has been a ding-dong and a topsy-turvy affair.

That was the situation as the October 1 date fixed for the start of crude supply to Dangote draws close. And Mr. Onanuga was speaking against that backdrop. If that stands, it would amount to classifying Tinubu in the mould of the biblical Pontius Pilate, as seen in the book of John 18:37-49 and 19:1-19. In that biblical encounter, leading to the final crucifixion of Jesus Christ, the Jews had brought Jesus to Pilate’s court for an indictment that would enable them to crucify him. Pilate asked questions of Jesus and even though Jesus answered in the spirit, the judge was still able to conclude that he found no fault in Jesus. And that was despite the mounting pressure from the multitude of Jews, seeking to crucify Jesus.

As we read in John 19:6; “When the chief priests therefore and officers saw him, they cried out, saying, Crucify him, Crucify him. Pilate saith unto them, Take ye him, and crucify him: for I find no fault in him.”

I believe that President Tinubu should not throw Nigerians at the NNPC, like sheep to wolves. If the declaration of his office is allowed to stand, he would be doing otherwise. To play the Pilate in this needless NNPCL and Dangote feud, he would have endorsed all the punishment his compatriots are suffering at the hands of the NNPCL. He would have said, even though I found no merit in the push to whip the population, I leave you to crucify them’ That would tell us that the President is not only shirking his responsibility as the Minister of Petroleum but also his overriding power as the President and Commander-in-chief.

Much as the officials of the NNPCL and other subsidiaries owned by the Nigerian people want to play the master by believing that they are independent limited liability companies, we will be hiding behind one finger if we believe any inch of that claim. And besides, which limited liability company would not be accountable to its shareholders or the chairman of its board?

If we don’t want to use agidi to light a gas cylinder, we have to agree that the matter of fuel supply in Nigeria is a basic unmistakable assignment President Tinubu must handle for his employers-the Nigerian people. He must be in a position to find answers to the puzzles. Why is fuel supply such a pain in the neck under his administration so far? Why is the locally imported fuel threatening to get more expensive under the watch of the NNPC he supervises? And why is the same NNPC seeking to suffer headaches for another person? When will NNPC’s refineries come alive after the several deadlines?

President Tinubu needs to intervene decisively too, by helping his employers find solutions to the endless hike in fuel prices, and why citizens of other oil-producing countries derive benefits from oil while the Nigerian situation is perpetually in the negative. The Daily Trust on September 23, published a report by Global Petrol Prices, a platform that tracks petrol prices across various countries, which claimed that four countries in Africa sell fuel cheaper than Nigeria. They include Libya which sells at $0.032 (approximately N52/litre), Egypt ($0.279), Algeria($0.342) and Angola, another oil-producing country, at $0.351 per litre.

Besides the above, Tribune columnist and renowned writer, Professor Farook Kperogi quoted data by some oil industry experts who claimed that the landing cost of imported petrol in Nigeria should stand at N1,107 per litre and that several cost components are not inclusive of locally imported fuel.

According to him, when such cost components are removed, Dangote’s fuel should not sell higher than N518.35 per litre. Indeed, investigations have revealed that Dangote fuel costs far cheaper than the amount quoted by him and the NNPC. You could see the fire in the eyes of the spokesperson of Dangote when he refuted the claim that NNPC got fuel at N890 per litre from the refinery.

President Tinubu should not play the ostrich, he cannot afford to play the Pontius Pilate in this case, if he wants a reversal of the oil curse in his tenure.

President Bola Ahmed Tinubu was on Tuesday represented at the 17th annual Chartered Institute of Bankers of Nigeria Banking and Financial Conference held in Lagos by Vice President Kashim Shettima. The headline of the story that came out of that event, as reported in the Nigerian Tribune, reads: “We’ve taken courageous steps to reform economic environment.”

In the body of the story, Tinubu, through his vice president, highlighted what he meant by the “bold steps” being undertaken to reform the economy. The president said: “Though painful in the short term, the removal of fuel subsidies is designed to free up budgetary resources for critical investments in infrastructure and social services, frequent adjustment of the monetary policy rate, a move aimed at curbing inflation and fostering a more market-oriented exchange rate system.

“We are expanding broadband penetration and encouraging the growth of tech startups through initiatives such as the Digital Nigeria programme. For example, we currently train three million Nigerian youths in digital technology and essential skills and then deploy them to innovation hubs. These efforts are designed to create jobs, increase productivity, and make financial services more accessible to Nigerians in all corners of the country. It is essential to state that we are committed to achieving a 70% digital literacy level by 2027 through innovative approaches in delivering initiatives, continuous collaborations, and stakeholder engagement.”

Many would say those words are similar to what we’ve heard before. However, some would have wanted the president to touch base with the streets upon his return from China. He led the streets for years. He spoke their language when jeun soke was the popular lingo. Is the president abandoning his true self? Some would ask.

I’ve quoted the president’s speech at the CIBN programme extensively to showcase what is fast looking like a dialogue of the deaf between the streets of Nigeria and their leaders. Some people spoke a while ago, shouting ebi n pawa (we are hungry). The people are still hopeful the Ifa and Opele of the president will say something good, but what they are hearing about broadband expansion or bold reforms in the economy is not close. Surely the hungry man would find it difficult to understand the drive of Mr President and no matter how nice the digital drive sounds, the words will only enter the ears of a hungry man through his right and disappear through the left. Even as the government is yet to address how it intends to end hunger, the NNPCL added another sorrow with the increment in the pump price of petrol. As we speak, the corporation has again stopped the flow of fuel and queues have resurfaced. The product is expensive, it is also scarce. The NNPC is insulting us to our face. Even those who have the money to buy have to be humbled to spend hours in the filling stations.

As the Tinubu message dropped from Shettima’s lips, Nigerians were wondering what was amiss. Here is a president who has before him the case of an NNPCL, which suddenly jerked up fuel prices without any concrete explanation, save for the confusion it orchestrated in the process. Here is a president who should have questions for the same NNPC about why it has failed to actualise the purchase of fuel from the Dangote refinery, one week after the products were ready for lifting. And here is a president whose national oil giant has continued to favour massive fuel importation and payment of fuel subsidy instead of supporting local refining of petrol and the elimination of all the fraud associated with subsidy. The President was away when NNPCL inflicted yet another fuel price increase on the nation. The uninitiated believed he wasn’t aware, but he had shut down such thoughts when he told Nigerians in China “Can we help it?”

It must be distressing to the uninitiated who believed that once President Tinubu landed in the country, he would hear something different, maybe something to soothe the hurting nerves. But the President is already proving to be a different person from who he was when he heard and spoke the language of the streets and when he knew that fuel subsidy was a scam that it is.

Looking at the unfolding scenario between the street and President Tinubu, it appears the circumstances painted by WB Yeats in The Second Coming is afoot. Yeats talked about the Falcon not hearing the falconer/Things fall apart, the centre cannot hold…I pray the street and the Villa don’t get anywhere close to the scenes painted in the last part of WB Yeats’ poem, which informed the writing of another popular novel by our own Prof Chinua Achebe, Things Fall Apart.

But some warning shots are already oozing out of the nozzles as the Aare Ona Kakanfo of Yorubaland (Generalissimo of Yoruba), Iba Gani Adams, last week fired some warning signals.

In an open letter to the president, Adams said the poverty network in the land was expanding. He said: “President Bola Tinubu, Time is Going. We have no regret that we were created to inhabit this geographical space in the West African axis of the African continent. Obviously, past leaders, since 1960, disappointed Nigerians with the way Nigeria and Nigerians were badly led and resources selfishly managed.

“When you came with the ‘Emilokan’ coinage…many Nigerians were persuaded that…you will perform better than Muhammadu Buhari. On May 29, 2023, the Naira to a Dollar was less than N740. Today, it is more than N1,600.”

“From the North to the South, East to the West, the rate at which Nigerians are being abducted… It was as if these bloodthirsty maniacs have just been unleashed on Nigerians from the hottest part of hell.”

He asked the president to reconsider the incessant increase in fuel price, adding that the increment in fuel price from less than N200 to over N1000 per litre, and the devaluation of the Naira at the same time were draconian policies Nigerians are finding difficult to cope with.

Adam’s advice to the government may indeed have unruffled feathers here and there, especially among the class of Yoruba, who believe that the government of Tinubu must be jealously guided like the raw egg, but I am with Adams on this front. The Yoruba are known for saying the truth, no matter whose ox is gored. They did it to Obasanjo. They did so to the military. General Sani Abacha’s government was not spared even when it had a Yoruba son, Oladipo Diya, as number two.

If the Yoruba should do anything other than tell the truth to the incumbent government, the whole basis of their activism all these years would have been vanquished.

But as much as we know, Tinubu is not a wicked human being. Not a few persons around can testify to his goodwill and disposition for shared prosperity. But the advertised reforms are not working. If the iron bender keeps hitting the iron on one spot, it means he intends to get something out of it. The people are crying about being suffocated by the IMF/World Bank-designed reforms. They are saying the same thing every day. It is not about partisan politics. It’s about their reality. Tinubu has promised Eldorado after the pain. They heard similar lines from Generals Ibrahim Babangida, Abacha, and Muhammadu Buhari. None of the orange trees nurtured by these men yielded sweet fruits at the end of their years. The sad thing about it all is that those who prodded them to whip the citizens with those policies -the IMF and the World Bank never apologised for their failures.

If we may ask, what happened to Buhari’s economic programme, ERGP? What happened to SAP and all sorts they had foisted on us through the different governments? The realisation has to come from within; only Nigerians can build Nigeria. The late Prof Sam Aluko told Babangida, he didn’t listen. Thereafter, those who claimed there was no alternative to SAP have since moved on to other acronyms. If we don’t intend to continue to run our country like outposts of some foreign nations, the president needs to sing a different song.