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Defining policies of President Bola Ahmed Tinubu’s first year in office

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By Kenechukwu Aguolu FCA, PMP, CBAP

As President Bola Ahmed Tinubu approaches the first anniversary of his administration, Nigerians reflect on the impact of his “Renewed Hope” agenda. While some citizens are optimistic about his capacity to bring about significant changes, others maintain a stance of indifference or skepticism. Notably, two major and contentious policies—namely, the removal of fuel subsidies and the floating of the naira—have defined his tenure so far.

The rationale behind the removal of fuel subsidy was that Nigeria could no longer sustain the financial burden of subsidising fuel. By ending the subsidy regime, the government aimed to free up funds for investment in critical sectors such as infrastructure, healthcare, and education. Fuel Subsidy removal led to an immediate sharp increase in fuel prices, which also led to a rise in the cost of living. Commuting expenses skyrocketed, making it hard for many workers to afford daily transportation. The higher fuel prices have also significantly contributed to food inflation, making necessities increasingly unaffordable for many Nigerians

Federal government employees received wage awards as a temporary relief measure.  However, the promise of a new national minimum wage remains unfulfilled, adding to the financial stress of many households. State governments also provided wage awards at varying rates, but these have been insufficient to offset the increased cost of living. The delay in the provision of Compressed Natural Gas (CNG) buses, expected to alleviate transportation costs, has further compounded the problem.

As part of efforts to stabilise Nigeria’s economy, President Tinubu directed the Central Bank of Nigeria to float the naira, allowing market forces to determine its value. Though anticipated to cause short-term volatility, it is expected to lead to a more stable and realistic exchange rate in the long run. The floating of the naira has led to significant foreign exchange losses for many companies, particularly multinationals, which reported losses running into hundreds of millions of naira. The cost of doing business has increased, with higher prices for diesel, raw materials, machinery, and spare parts, creating a challenging environment for businesses of all sizes.

However, the Federal Government must be commended for clearing its foreign currency backlogs, which has boosted confidence among foreign investors, thereby enhancing Nigeria’s appeal as a global investment hub. Consequently, there has been an increase in both foreign direct investment and foreign portfolio investment. Also commendable are the palliative measures implemented by the government. Conditional cash transfers have provided some relief, and the distribution of grains and foodstuffs has aimed to support vulnerable populations struggling with food inflation. However, some people doubt the actual impact of these initiatives, questioning their effectiveness and the potential for corruption. Additionally, intervention programs such as a student loan scheme and a consumer credit scheme for workers are about to commence, aiming to provide further support and economic opportunities.

Furthermore, the commencement of operations at the Dangote Refinery has sparked optimism, as its production has already resulted in lower diesel prices. Anticipation runs high for a similar decrease in petrol (PMS) prices once the refinery commences PMS production. This development is a potential catalyst for transformation in Nigeria’s energy sector and the broader economy. Moreover, it is expected to contribute to stabilising the naira by enhancing the country’s balance of trade.

Nevertheless, as Nigerians persevere through the immediate challenges posed by these economic adjustments, urgent measures must be taken to rebuild public confidence and enhance living standards. Establishing a fair and sustainable minimum wage is paramount. Additionally, fulfilling the promise of introducing CNG buses would greatly alleviate the transportation expenses of citizens.

In his inaugural year, President Tinubu has made bold, albeit controversial, choices geared toward securing Nigeria’s economic future. The removal of fuel subsidies and the floating of the naira applauded by international bodies like the IMF, has led to significant hardship for ordinary Nigerians. Nigerians are eager to see tangible improvements in their daily lives, hoping that the long-term benefits promised by President Tinubu will soon outweigh the short-term difficulties. As his administration progresses, striking a balance between providing immediate relief and implementing sustainable economic reforms will be crucial in realizing the renewed hope envisioned for Nigeria

Kenechukwu based in Abuja can be reached via [email protected]

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Opinion

Breaking the cycle of national trauma

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Abiodun was raised by an alcoholic father while his mother was the subservient punching bag who could not stand up to her husband. Abiodun grew up watching his father batter his mother under the influence of alcohol, and he could not do a single thing about it, especially since his mother always defended her abusive husband. Imagine seeing your father develop a dependency on alcohol without which he could not function. How do you think you would feel every time you set your eyes on him? It was a traumatic childhood for this young boy. Perhaps he could have found solace in the company of friends, but his father never allowed him to visit friends out of fear that he might reveal what happened at home. Abiodun felt his life was like a prison. He was not allowed to spend an extra minute in school once the closing bell rang because being late immediately translated to being beaten blue-black. He was really bitter towards his father.

When Abiodun eventually had his own family, he prevented his only son, Dare, from ever visiting his grandfather. Alcohol was also banned in the Abiodun household. But Dare was a youngster surrounded by friends who drank and rolled with the ideology that drinking was a sign of maturity, so he began to secretly drink. By this time, though, Abiodun’s father had outgrown his terrible ways. He had seen how his lifestyle negatively impacted his family and hated that his only son, Abiodun, was not on speaking terms with him. He checked himself into a rehabilitation centre and had been clean for over a decade, but Abiodun had sworn never to have anything to do with his father. Dare, on the other hand, was always curious as to why his grandfather was a no-go area. He had sneaked out many times to see his grandfather and, by his own analysis, found him pretty chill. He would pay his grandfather secret visits to complain about his father’s domineering attitude. Abiodun was too blinded by his rage towards his own father to realise that he was suffocating his son. In trying to protect Dare, he made the home a psychologically toxic place for his son. Dare eventually snapped and ran away from home as soon as he could. He took to alcohol as a coping mechanism and before long became alcohol dependent.

By the time Dare began his own family, he tried to keep his children away from his “bitter” father, Abiodun, but a cycle had been established. Unless someone deliberately tries to stop this pattern, there will be a perpetual disconnect between generations, a trend we already see playing out in our dear nation, Nigeria. Perhaps, this is the root cause of our disunity as a nation. The psychological impact of bitterness and resentment can be profound. Abiodun’s unresolved trauma from his father’s abusive behaviour led him to harbour deep-seated anger and resentment, creating a psychological barrier that prevented reconciliation. This bitterness not only strained his relationship with his father but also impacted his ability to connect with his son. Dare, in turn, rebelled against this oppressive atmosphere, seeking solace in the very behaviour Abiodun tried to shield him from. This story of Abiodun’s family is a metaphor for Nigeria. The alcohol dependency speaks to the corruption perpetuity that has unintentionally become an entrenched value system. This value system has given room for bitterness and resentment to take a foothold between the older generation and the youth. Are we surprised that the disconnect between the old and the young in this game of politics and governance is fast becoming worrisome?

Nigeria as an entity has hurt its people deeply. The older generation, for example, has made mistakes, costly ones, that are almost unforgivable. Thankfully, as they age, they are forced to face the brutal realisation that perhaps, they made a mistake. While I think that some are trying to make amends, I think it is also important to remember that this unresolved trauma has lingered for many decades and has created a psychological barrier that is preventing reconciliation. This is why today we seem even more divided as a nation than we seemed many years ago. Until this trauma is healed, I do not see a way forward for this nation.

In cutting off the older generation, we may end up creating another Dare, who would repeat the mistakes of the older generation. But if we embrace in its entirety the ways of the older generation, will we not make the same mistakes they did? Is there any way out?

I think there is. In my previous article titled, “Are Youth the Panacea for Nigeria’s Problems?” I explored the potential of youth in transforming Nigeria’s leadership landscape and how important it is to allow for an integrated approach where the wisdom of age converges with the dynamism of youth. This inter-generational synergy is crucial in creating a psychologically safe nation and holistic wellness-focused people, free from the cumulative hurt and bitterness from the actions of the older generation. To address this cycle of unresolved trauma and bitterness, healing must happen, as biases formed in one generation can poison subsequent generations as has been established in Abiodun’s family and as we see in our nation today.

I think it may help for the government and other key institutions to formally acknowledge the wrongs and injustices of the past, admitting mistakes and the harm caused. While this is underway, what immediate remedies can kickstart this healing process? I think we can begin with the deliberate inclusion of youth in the decision-making process, at all levels and in all spheres, including the tripod of governance: the public sector, the private sector, and civil society. I think a policy that compels every leader of stature to have a youth shadow them may trigger the healing process that can reconcile “Dare” back to “Abiodun.” In shadowing, the youth has the opportunity to see why the older generation acts the way they do, why they think the way they do, and why they made some of the mistakes they did. It will be a hands-on experience to ensure that not only is there continuity but the possibility for forgiveness can be activated.

Time and again, organisations, both private and public, are recognising the importance of inter-generational synergy. Governments like Lagos State are establishing initiatives like the Lateef Jakande Leadership Academy, which enables youth to shadow cabinet members and Heads of Agencies. Similarly, private organisations like the Aig-Imoukhuede Foundation are offering scholarships to West African youth interested in public service careers, facilitating their pursuit of a Master of Public Policy at the Blavatnik School of Government, University of Oxford. I can see a deliberateness to include the youth in the decision-making process and I commend the older generation for being deliberate about this. The journey towards a transformed Nigeria is not solely the responsibility of the “Dares” or “Abioduns” independently. It is a collaborative effort. By curating environments of psychological safety and national wellness, and by recognising and supporting intergenerational mentorship, we can create a leadership ecosystem that is resilient, adaptable, and responsive to the needs of our nation.

Temitope ‘TBOG’ Omoakhalen – Fellow, Lateef Jakande Leadership Academy

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Opinion

FG, Labour tussle: The victor and the victim

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By Otuedon Vincent

There is no doubt Nigeria as a country is going through one of its toughest times economically. In the midst of the harsh economic realities, the government has increased the cost of governance and labour has also demanded for improved pay, rightfully so.

Unfortunately, the victims of the ongoing tussle between the federal government and organised labour are indifferent. For clarity, the tussle is about who takes what of our common wealth. While labour has legitimate claims, the people of Nigeria are the greatest stakeholders in this matter. The contention is between two servants over what each thinks he is entitled to, incidentally while the civil servants are direct employees of the people, politicians are supposed to be the voice of the people, chosen by the people to protect their interest. Between the two parties, (government and labour), the people are the focus or the lord.

The politicians who are supposed to be the voice of the people to determine the salaries of our employees have lost their voices due to wanton and arbitrary allotment of our commonwealth to themselves, so they have no clean hands to approach the court of equity. It is the masses, only the rise of the masses can tame this unruly evil of our government being reciprocated by the unrealistic demands of labour for its members.

It is elementary economics, that during inflation, salary earners suffer, increment of salary does not curb inflation rather it aggravates inflation, increasing spending by government skyrockets inflation. But the politicians are too guilty to drive home this point.

There are hardly organisations that increase salaries by 100 percent, even if it does happen it is when the organisations break even and decide to reward its workers not when the organisation is bleeding almost to death, though, the flamboyance by government officials does not reflect the bleeding state of the masses. There are many other ways, if we decide to reason outside the box, to cushion the effect of the inflation on the workers other than unrealistic wage demands, knowing the obvious consequences on the economy of the nation we claim to be serving. Except labour is saying, since politicians do not care, they also no longer care.

Obviously, the politicians lack the moral fortitude to confront these issues, how would the few politicians whose monthly entitlement is almost able to pay all the workers put together complain that the increase of workers salary would cause inflation? Particularly when they have not agreed that their prodigal spending has landed the nation’s economy where it is now.

The burgling question remains, if Nigerian workers receive salaries that are as high as the politicians, who suffers? What is the resolution of labour to tackle the inflation and the menace of corruption other than the increment of salary? The people of Nigeria whom they serve deserve to know.

If the government of Nigeria has money, it is only because it is not working, which pushes the burden of living above the waters on individual households and birth the need for increase in income for the home front. If we increase the earnings of households because the government is not working, it will amount to giving up on the nation because we would have shared what we were to use to build the nation to households.

I respectively submit that labour should have a rethink, we have a common enemy that has hijacked our commonwealth. We need a concerted effort to tame it but to go in the manner labour is going about it may plunge the nation into a terrible state and the people whom they serve would be the victim. I also call on the government to as a matter of duty make sacrifices by cutting down the cost of governance in order to lead by example making sacrifices in hard times where the people are already feeling the pains of economic policies.

Otuedon Vincent is a Human Right Activist and President Liberty Harbingers Network

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Opinion

MFM and erring pastors’ poisonous tales

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By Funmi Branco

As a church, the Mountain of Fire and Miracles (MFM) organisation is known for its emphasis on holy living, anti-demon fervour, and evangelistic preoccupation. With its investments in the spiritual and social wellbeing of its members, there is no doubt that over the years, it has been placed at a vantage position as one of the churches that God is using to change lives. The church, relying on its divine mandate, has been used to save many people from physical and spiritual challenges. Testimonies abound of people who encountered massive turnarounds through the church, living glorious lives after decades of demonic oppression. That the church has done a lot for many cannot be doubted. Beyond evangelism, the church has been performing its social responsibilities creditably; it has invested massively in youth empowerment, helping to lift up the Nigerian society through sports and steer the youth away from crime. The church has various sports clubs that have produced notable star players who have gone on to display their mettle on the international stage. First class graduates from the church are given huge sums of money as a form of encouragement, the objective being to channel youthful energies towards profitable endeavours. There have been occasions in the past when these high-flying graduates were given cars, the thinking being that others would be able to take them as role models and strive towards excellence in their academic pursuits.

The MFM General Overseer, Dr. DK Olukoya, is a well-known firebrand preacher who gives no quarter to demons and demonology. He has never hidden his desire to see people worshipping and living in a climate of freedom, totally divested from demonic bondage. He is one of the potent instruments that God has been using to depopulate the kingdom of darkness. That being the case, he and the church he presides over cannot escape censure, persecution and serial attacks by the cosmic powers whose activities have been hampered or even hobbled by the church. The agenda of the naysayers who love evil and resist the activities of Olukoya and the church is to derail heaven-bound people by attacking the message of sanctification and holiness that the church preaches. That is understandable. How can the kingdom of darkness rest when so many people are being delivered from witchcraft and foundational problems? Satan’s agents cannot cease casting  aspersions on the church, but truth is constant irrespective of their devious antics. This is the background from which the recent falsehood purveyed against the church by certain ex-members must be seen.

When two ex-members and pastors recently rose against the church with their salacious stories, many immediately began barraging and de-marketing the church with gusto, giving no thought to the need to hear the other side of the story. But as the leadership of the church reacted to the falsehood, it became clear that the ex-pastors were merely playing to the gallery. It turns out that at no time did the church frame up its ex-members identified as Femi Jimoh and Caleb Oloruntele. Recently,  the three individuals who testified against the former members in court over the alleged act narrated how the duo approached them to solicit their assistance on how to hire a gun to rob the “first fruits” offering of the church in 2008. These individuals, namely Akeem Omojomolo, Tajudeen Usein, and Fatai Adebayo, revealed how they played along in the plot, leading to their arrest. By their narrative, it became clear that Pastor Jimoh’s allegation in a recent interview that the church was behind his imprisonment for nine years without trial over alleged armed robbery is nothing but sheer bunkum.

Jimoh had claimed that his ordeal started when he met the chief security officer of  the MFM founder at a native doctor’s house, while Caleb claimed that Olukoya wanted him dead because he refused to give false testimony against a pastor identified as Femi Agboola. Strangely, as revealed by the Chief Legal Adviser of the church, Davidson Adejuwon, with documentary evidence, the claims of the duo are based on pure mischief. Hear Adejuwon: “Is it not curious to push a narrative that Dr Olukoya, the General Overseer, locked them up when all members of their family refused to get two individuals for nine years to stand as their sureties for them to be released? A case of planned armed attack on credible intelligence against the church which could have led to the death of any member cannot be treated and handled internally by the church. We must report such to the law enforcement agency saddled with the responsibilities to investigate and deal with such issues. And that was exactly what we did as a responsible church.”

Whereas the accused claimed that they were detained by Olukoya for years, the evidence says just the opposite. On page 1 of the judgement delivered by the High Court of Lagos State on July 1, 2016, in the case between the people of Lagos State and Oluwafemi Jimoh, Henry Aiyewero and Caleb Oloruntele (LCD/19/2009), the court made the following pronouncement: “The prosecution dragged its feet, closed and reopened its case, and sought for endless adjournments. What makes it more worrisome is that the defendants continued with this pattern of delay when it was their turn to present their defence, in spite of the fact that the Ist and 2nd defendants who had been granted bail did not meet the conditions of bail, so they remained in custody.” There you have it: the accused remained in custody because their families did not rally round them to meet the bail conditions imposed upon them by the court, not because Olukoya ordered them remanded permanently in jail!

In this social media era where people rush to judgement without hearing the facts, many people easily build hell for themselves here on earth. Bloggers possessing no moral background peddle fake news with vigour. Therefore, there is a need to let the world know what actually transpired. Contrary to Pastor Jimoh’s claim that Olukoya and MFM do not forgive, there is ample evidence of the church’s toleration of his improprieties. He was redeployed several times following complaints by members of his congregation.  In a letter dated October 14, 2002,  he was directed to proceed from the Warri, Delta State branch of the church to Lagos for reorientation, at the completion of which he could be redeployed in accordance with the discretion of the appropriate authorities. The letter was signed by Pastor Moses Odunsi, the Regional Overseer. The second letter of redeployment, signed by the zonal pastor, Kayode Oyejide,  conveyed his redeployment from Gbagi zone to the Regional Headquarters. It was dated August 19, 2003. The third, dated June 27, 2005, conveyed his redeployment from SWII to the Regional Headquarters in Lagos. It was signed by Pastor Martins Adeneye, SWII Regional Overseer.

It is clear that the church tried to reform Pastor Jimoh to no avail. What is more, he and his family are the architect of his long stint in detention, not the MFM. Not having imposed the bail conditions, the church was in no place to help him meet them. The case was between him and the state.

Branco sent this piece through [email protected]

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