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Nigeria: The changing governance story

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By Temitope Ajayi

Tracking many stories of remarkable progress currently taking place in Nigeria can be a very difficult task. This is so because these important stories are lost to some who daily indulge in the cacophony of negative reports. Negative news often dominates the headlines.

With a 24-hour news cycle that tends to focus only on the distasteful narratives, several Nigerians have been made to accept the view that nothing good is happening in their country.

Those who rely on the mainstream media and social media as the only sources of news and information they consume are the worst hit by the cycle of misinformation that portrays our country as descending rapidly to the edge of the precipice.

However, the reality is different: the country is making progress in leaps and bounds.

Late Swedish physician and Professor of International Health at Karolinska Institute, Hans Rosling, his son, Ola Rosling, and daughter-in-law, Anna Rosling, extensively dwell on this subject in, “Factfulness: Ten Reasons We’re Wrong About the World – and Why Things Are Better Than You Think,” a book published in 2018.  In the book, the authors demonstrate that the majority of the people are made to hold the wrong notion about the state of the world because the media project data, analyse trends and select stories to make people assume that things are getting worse around them.

The authors assert that a majority of the people view the world as poorer, less healthy, and a more dangerous place to live in than it actually is. In other words, many people believe they are living in a worse period in the history of mankind because of misinformation.

The same situation the Roslings describe in their book is at play in Nigeria, where individuals, interest groups, activists, analysts, self-serving politicians, and opposition elements constantly project and amplify negative stories.

It is as if we are in a race with those who can say the most horrible things about our country.  Yet, we have an abundance of good stories to tell the world. We seem so numb to the good news that we are dismissive of breakthroughs and innovative trends.

For instance, we downplay the significance of Dangote Petroleum Refinery and its possibilities to reflate the economy.

Many people forget so soon that we had been importing petroleum products for over three decades because the state-owned refineries are moribund. Our national economy bled, and the country was in a fiscal cul-de-sac for those years as a result of subsidy payments on petroleum products.

Today, however, Nigeria is home to the largest single train refinery in the world with the capacity to process 650,000 barrels of crude per day.  Cynics do not see this as a breakthrough.

Nigerians who are 60 years old and below started seeing modern rail infrastructure from 2016 when the All Progressives Congress-led administration of former President Muhammadu Buhari  commissioned the standard gauge rail system, beginning with Abuja-Kaduna route, later Lagos-Ibadan and then, the Warri-Itakpe.

The national rail modernisation project is progressing with Kano-Katsina-Maradi and Kano-Kaduna standard gauge rail projects at different stages of completion. The contractor working on rehabilitation of the Port Harcourt-Maiduguri narrow gauge recently announced the completion of the Port Harcourt-Aba section. While the Federal Government is rallying stakeholders to promote economic integration across the country, the Lagos State Government recently launched two metro rail lines -Blue and Red Rail lines – as part of the state’s elaborate masterplan to build a modern and efficient megacity. Like Lagos State, there are visible signs of remarkable, quantifiable progress in several other states, including Kaduna, Kano, Akwa-Ibom, Rivers, Kebbi, Borno, Gombe, Oyo, Ekiti and Ogun, among others.

A few weeks ago, the President Bola Tinubu-led administration embarked on the construction of the 700 kilometres Lagos-Calabar Coastal Highway that will connect nine coastal states in another bold move to further bolster economic growth and open up the country to productive economic activities.

While it may be very easy for critics and other armchair analysts to ignore these developments and their significance to remaking Nigeria, there is no gainsaying that these projects and many more that are ongoing or about to be instituted across critical sectors are the core of President Tinubu’s Renewed Hope Agenda. Indeed, it is hard to process why the so-called critics and cynics can not see the Lagos-Calabar Highway project as a clear demonstration of the President’s commitment to harnessing the potential of our renascent Blue Economy.Despite what is bandied by the most vociferous critics, a recent policy intervention on the state of the economy by the Independent Media and Policy Initiative (IMPI), a think-tank group, refuted the apocalyptic prognosis of the economic situation of the country by opposition figures, led by former Vice President Atiku Abubakar.

The experts at IMPI made brilliant and well-thought-out submissions that repudiated the doomsday prophecy of critics.

Acting true to type, the Peoples Democratic Party Presidential candidate in the last election, and a few others, including business advocacy groups, derisively heightened tension with their pronouncements on the state of the economy. They framed the country under the leadership of President Tinubu as a hostile business environment, scoring the administration low on business enablement. While politicians, such as Atiku Abubakar, will naturally play politics with everything to score cheap points, some corporate advocacy groups often raise needless alarms, ostensibly, to compel the government to do their bidding and usually in manners inimical to the interests of the people.

For example, while private sector advocacy groups, such as the Manufacturers Association of Nigeria (MAN), Lagos Chamber of Commerce and Industry (LCCI) and Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), regularly issue press statements on many businesses shutting their operations in Nigeria, such statements always fail to disclose that new businesses are also springing up in the country.

It is not only in Nigeria that businesses shut down operations. And in any case, businesses wind up operations for many reasons that may have nothing to do with the operating environment.

It is a worldwide phenomenon shaped by a variety of factors. For instance, when the Manufacturers Association of Nigeria announced that 767 companies shut down in 2023, the Small Business advocacy group in the United Kingdom announced that 345,000 businesses closed shop in the UK.

The UK Group said: “More businesses closing down than starting up for the first time in 12 years.”

While it is not good for any business to shut down operations, irrespective of the number of employees, those who project the negative narrative should be nuanced and more balanced in their analyses.

In its submission titled, “In Defence of the Nigerian Economy,” the Independent Media and Policy Initiative declared: “767 companies that closed down in Nigeria do not in any way come close to the 345,000 closures recorded in the United Kingdom in that same period. Neither can the number be compared to the 460,000 companies that shut down every quarter, that is every three months, in China, or the 10,655 Micro, Small and Medium Enterprises (MSMEs) shut down in 2022-2023 in India.

“As routinely rendered, we are further informed by the Indian data that there were over 11,000 new firms that started business afresh for every one of the 175 shutdowns in 2022.”

Interestingly, while the announced exit from Nigeria by GSK and Sanofi generated much furore on the social media and mainstream media last year, about the same period the two companies were planning their exit, indigenous pharmaceutical companies, such as  Emzor were making new multi-million Dollar investments to expand their production lines in Nigeria.

More balanced news reports on Nigeria in that respect should have also included statistics circulated by the National Agency for Food and Drugs Administration and Control (NAFDAC), which indicated that 105 applications for the construction of drug manufacturing facilities across the country were approved, and 35 percent of the promoters of the approved applications actually completed construction of their factories. Within this period, Emzor Pharmaceuticals Company owned by Mrs. Stella Okoli, Japanese Multinational Pharma, Otsuka, and over 20 newly registered local drug manufacturers cumulatively, invested over $2 billion to complete their World Health Organisation (WHO)-compliant facilities to produce quality pharmaceuticals and essential drugs for Nigerians.

In its ranking of Africa’s 100 fastest growing companies in 2023, Financial Times (FT) ranked 27 Nigerian businesses on the list.

The FT list, again, validated the strength of the Nigerian economy and its viability as a business destination for investors seeking to make good returns on their investments.

Since his assumption of office less than a year ago, President Tinubu has been bullish in addressing the identified problems besetting the investment climate in Nigeria.

The administration has restored global confidence in the monetary policy reforms of the Central Bank of Nigeria (CBN) that have seen the Naira rebound strongly against the Dollar, and other convertible currencies, making the Naira the best performing currency in the world.

On the back of the reforms embarked upon by the fiscal and monetary authorities, the country’s currency gained N900 against the US Dollar within a span of two months. This is spectacular, but to subjective critics, they are unimportant.On security, the progress being made is noticeable and can be felt in the calmness that has returned to the South-East geopolitical zone.

This is where the criminal activities of outlawed Indigenous People of Biafra (IPOB) group and its Eastern Security Network (ESN) have been brought under control. In the North-West zone, and parts of North-Central, most especially, Abuja, where there was a surge in banditry and kidnapping, the Nigerian Military and Police have successfully gained control and counterbalanced major threats to security of lives and property. The National Security Adviser, Malam Nuhu Ribadu, announced on Monday, April 15, 2024, that the security forces had rescued 1,000 Nigerians from their abductors without payment of ransom.

This is the evidence of successful security operations across the country. Again, the cynics and inveterate critics will not find such feats interesting to amplify.

In the technology ecosystem, Nigerian startup companies have continued to record big strides. At least 10 Nigerian startups were selected among 40 technology firms listed for the $4 million Black Founders Fund.

The Black Founders Fund is sponsored by Google for Startups (GfS). Nigeria continues to lead the pack in tech startups and capital raising in Africa. In the First Quarter (Q1) of 2024, 121 African tech startups, led by Nigeria’s Moove, raised $466 million.  Of the total amount raised in Q1 2024 by tech startups on the African continent, Nigerian startups got the lion’s share of $160 million. Nigeria’s startup ecosystem has remained vibrant and a huge centre of innovation and driver of economic growth. A 2022 report on African Tech Startups Funding by Disrupt Africa also showed that startups from Nigeria accounted for 28.4 percent of the total funded ventures and received 29.3 percent of total investments in Africa.

The report indicated that 180 startups from Nigeria collectively raised $976 million out of the $3.3 billion that flowed into the continent. From the Nigerian tech ecosystem, Andela, Flutterwave, Opay, Jumia, and Interswitch emerged unicorns out of a total of 7 unicorns in Africa.

That each one of these five companies with over $1 billion in valuation came out of Nigeria is an affirmation of the progress Nigeria is making in human capital development.

Another interesting twist to this enchanting story is that the majority of the founders of the leading startups came out of the Nigerian school system. They had their education from primary school up to the university level in Nigeria.

The story of Kiakia Bits Limited and Sycamore, two companies managed by innovative and enterprising young Nigerians, illustrates the impact Financial Technology (FinTech) companies are making on the economy as enablers of growth for small businesses. Established in 2016 by Olajide Abiola and his partner, Chiemeziem Anyadike, Kiakia has over 200,000 customers and has advanced credit worth over N20 billion to more than 12,000 small and medium scale enterprises within eight years. Babatunde Akin-Moses and two of his partners started Sycamore in 2019 after they met during their MBA programme at Pan-Atlantic University (PAU), in Lagos.

Within five years, the company has gained recognition and reputation as one of the most visible and viable brands in the FinTech space. Sycamore has 140,000 registered customers, out of which over 10 percent are active.

The value of transactions on Sycamore’s platform in dollar terms is in excess of $30 million. The company has disbursed over N25 billion in credit to various small and medium enterprises. A major revelation from both Kiakia and Sycamore is the report that 99 percent of their credit to small and medium scale enterprises are performing, an indication that the businesses they support are doing well.

Overall, the groundbreaking performance of the Nigerian Exchange (NGX) as, possibly, Africa’s best stock exchange in terms of capital appreciation, the footprints of BUA Group in manufacturing and other consumer goods, the solidity of IHS Towers and MainOne as Africa’s telecoms infrastructure backbones, the disruption caused by Air Peace on the lucrative Lagos-London route, the grandeur of the sprawling Lekki-Deep Sea Port rank highly among countless high-impact business endeavours. And finally, the indomitable spirit of Nigerians epitomises the narrative of progress that should be regularly amplified by all patriotic Nigerians.

Ajayi is Senior Special Assistant to President Tinubu on media and publicity.

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Opinion

Adeleke v Aregbesola: The price of political treachery

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By Dr Jimoh Olorede

Preparatory to the July 2022 governorship election in Osun State, and since thereafter, until recently, the ex-governor and immediate-past Minister of Interior, Ogbeni Rauf Adesoji Aregbesola, a top beneficiary of the All Progressives Congress (APC) party, as a two-term commissioner in Lagos, two-term governor in Osun, and minister consecutively, suddenly became an abettor and a conspiratorial ally to an opposition gubernatorial candidate, Senator Ademola Adeleke, against his party, APC, and his successor, Adegboyega Oyetola, who served as his Chief of Staff, succeeded him as governor, and was seeking a reelection! The gubernatorial election was held, Adeleke won, Oyetola lost, but subsequently appointed as minister, while Aregbesola left the political stage as minister and got back home!

Oyetola’s open and obvious sin for which he must be crucified, and was actually dealt with, at least, in the myopic estimation of Aregbesola and his co-conspirators, was ‘reviewing and reversing his Schools Reclassification Policy’, by which Oyetola actually rekindled people’s hope, and what they perceived as a retrieval of their ‘lost glory and education origin’, with his return and reversal of the changed public schools’ founder-cum-original names and unique uniforms to the status quo. This happens when a government is consent of the governed.

His (Oyetola’s) hidden, how-do-we-say-it sin for which he must be punished was what Ogbeni would term ‘deployment of his magic wand’ with which he was able to pay full salaries of the state workers, which Aregbesola could not, or perhaps did not, given the inherited jugular-strangling and throat-squeezing debt into which he plunged the state. These were Oyetola’s obvious and hidden sins for which the ‘political structure and APC house’ built in Osun by Asiwaju Bola Tinubu, through Aregbesola and others, must be demolished and totally rent asunder.

Since the creation of Osun State, ten people have served as governor, with four military governors and six civilian governors. While the first (military) governor, Leo Segun Ajiborisha, served the shortest term of four months, from 27 August 1991 to 3 January, 1992, Ogbeni Rauf Adesoji Aregbesola so far, served the longest term of eight years as governor, from November 27, 2010 to November 27, 2018. However, within this period of eight years of the longest-serving governor, so many things had happened in and to the state. One of those things was the changing and renaming of the state from Osun State to “State of Osun”. The ex-governor must have seen an error which none of his seven predecessors who had ruled the state before him could see.

He also created and introduced a different state Anthem, Logo, Crest and Flag. Apart from the humongous loan repayment, Oyetola also inherited these “Aregbesola-personified legacies” about which he had to be silent, as it was a moral burden, and rather maintained and sustained the status quo throughout his administration, feigning pretense as if he didn’t see anything wrong just to avoid crisis or rift with Aregbe.

Alas, Governor Ademola Adeleke eventually betrayed his ‘mission-fellow’, an abettor and co-conspirator, Ogbeni Rauf Aregbesola, who maliciously joined forces with him against his own party and successor. He has obliterated all Ogbeni’s known legacies in the state. No sooner had the governor taken the oath of office than he started repealing Aregbesola’s legacies right at the venue of his inauguration. While delivering his inaugural speech, governor Ademola Adeleke publicly said: “Consequently, I hereby issue the following directives which will be backed up with appropriate Executive Orders.

“. . . Three, and immediate reversal to the constitutionally recognized name of our state – Osun State. All government insignia, correspondences, and signage should henceforth, I repeat, should henceforth reflect ‘Osun State, rather than ‘State of Osun’, which is unknown to the Nigerian Constitution.”

Nigerian politics is a treacherous game. There’s no permanent friend or enemy in politics, as politicians deceitfully use and dump each other. Adeleke knew Aregbesola was smart; he consequently cynically stooped to outwit his smartness, and Ogbeni unwittingly misconstrued his betraying kindergarten dancing posture for stupidity.

Also, while Oyetola maintained and sustained the legacy, and retained the nomenclature “OYES” (Osun Youth Empowerment Scheme) as birthed and christened by Aregbesola, governor Ademola Adeleke dissolved the OYES Corps to be renamed after his ‘Imole Youth’. The governor, through his spokesperson, condemned what he referred to as ‘content of the programme’ which, according to him, turned people to grass-cutters and market sweepers. Similarly, on many occasions, I have heard Adeleke-led PDP condemn Aregbesola’s government in the media, bemoaning that he failed to complete any road in eight years, and so on.

Eventually, the scenario turned out to be Adeleke paying Aregbe in his own coins! Based on malice and ill-will, and for his immediate ego satisfaction, Aregbesola sacrificed his party’s future gains, jeopardizing the fortune of many, thinking he was ‘dealing’ with, and whipping Oyetola with political lashes. Paradoxically, as Ogbeni whips, Oyetola laughs while many, including Ogbeni himself, weep as direct recipients of the whipping! As a Yoruba adage says “Papa npara e, o lo np’aja” meaning a tick, like a sheep-ked, is unwittingly ruining itself thinking is undoing its host-dog by sucking its blood.

In June 2023, Ogbeni Aregbesola while speaking at the palace of Ataoja of Osogbo, Oba Jimoh Oyetunji Larooye II, after he had returned to Osun State consequent upon the expiration of his term as minister, said “I was born in Ikare Akoko. It’s surprising that a boy born in Ikare Akoko became a commissioner in Lagos and governor in Osun. That’s the work of God. He used Asiwaju to lead me to the path of success. I thank God who brought me to Lagos through the assistance of Asiwaju Bola Tinubu. He is the architect of my success.” He added that Tinubu directed him to come and take over “my fatherland – Osun State, that it was my next place of assignment.” Can you imagine, Aregbesola saying this after the deed (a grave damage) had been done! This is exactly how traitors behave – joining forces with conspirators to betray their benefactors.

Dr. Olorede, a strategic communication analyst, writes via [email protected]/08111841887

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Opinion

Moving beyond celebration: Workers’ day and the imperative for a living wage in Nigeria

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By Kenechukwu Aguolu

With Workers’ Day, drawing near, Nigerian workers eagerly await any news regarding a potential rise in the minimum wage. However, recent statements attributed to the President of the Trade Union Congress hint that such an announcement might not occur on that day. This delay disappoints many workers grappling with economic challenges. The government should acknowledge this disappointment and provide a transparent timeline for any pronouncement and subsequent implementation of adjustments to the minimum wage.

The existing minimum wage of thirty thousand naira is glaringly inadequate. To

contextualise, individuals living below 1.9 dollars per day, as per World Bank standards, are deemed to be in poverty. With a minimum wage equivalent to roughly one thousand naira per day, individuals fall significantly below this poverty threshold. Sustaining oneself, let alone supporting a family, with such meager income is incredibly challenging. Essentially, the current minimum wage

sentences individuals to a life of absolute poverty, making it nearly impossible to fulfill basic needs and aspirations.

Evaluating the fairness of employers towards Nigerian workers presents a nuanced scenario. In the private sector, compliance with minimum wage regulations is common; meeting legal requirements. However, some employers exploit the low minimum wage by offering salaries just above this threshold, taking advantage of high unemployment rates. This often results in highly qualified individuals receiving inadequate compensation for their skills and contributions. As for the government’s role, there is room for improvement. Recognising workers as the backbone of society, establishing a reasonable national minimum wage is crucial. When workers are not adequately compensated, it not only affects their individual welfare but also has widespread societal implications. Thus, there’s a clear expectation for the government to prioritize fair wages and working conditions for Nigerian workers, acknowledging their indispensable role in maintaining the nation’s prosperity.

Prior to the current administration, instances occurred where state governments consistently failed to pay worker salaries on time, with some only providing partial payments. Such neglect towards worker welfare is disheartening, with reports indicating tragic consequences such as workers resorting to suicide out of frustration and children dropping out of school due to financial strain. These outcomes underscore the severity of the situation. If research were conducted, there might be a correlation between this neglect towards worker welfare and the increase in insecurity levels. When individuals of all ages face dire financial circumstances due to unpaid wages, some may resort to criminal activities as a means of survival. While this doesn’t justify criminal behavior, it’s crucial to acknowledge the pressures driving individuals towards illegal actions. Financial pressure stands out in the fraud triangle, contributing significantly to fraudulent behavior. Addressing issues related to worker salaries is urgent to alleviate financial burdens on individuals and mitigate associated societal impacts, such as heightened insecurity. Timely payment of wages is essential for the well-being of workers and fostering stability and prosperity across society.

While advocating for a minimum wage of one hundred thousand naira might appear ideal, determining the appropriate minimum wage is complex. It involves considering factors such as the cost of living, inflation rates, and the financial capacity of employers, including governments at all levels. While pushing for a substantial increase may seem appealing, acknowledging economic realities and feasibility is crucial. State governments, often citing limited funds, must prioritize

workers’ welfare while maintaining fiscal responsibility and sustainability. Boosting internally generated revenue through initiatives like enhancing tax collection, investing in infrastructure, and promoting entrepreneurship could address this challenge. Strengthening revenue streams enables state governments to handle the costs associated with higher wages while investing in critical services and development projects. Achieving a balance between fair wages for workers and fiscal prudence necessitates collaboration among government, businesses, and labour unions to establish an equitable and sustainable minimum wage for all stakeholders involved.

I have faith in President Bola Ahmed Tinubu’s commitment to provide workers with not just a new minimum wage, but a wage that will enable them to live with dignity even though if it may take longer than expected. President Bola Tinubu has demonstrated a strong dedication to good governance, and I am confident that he will prioritize the welfare of workers as part of his vision for a prosperous Nigeria. Moreover, establishing a robust mechanism for enforcing the national minimum wage is paramount.

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Opinion

Osun: Where is Gov. Adeleke’s phoney N16bn digital economy project?

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By Waheed Adekunle

It is appalling that in the last 14 months of unveiling the phoney digital economy policy by the incumbent Governor Ademola Adeleke led-PDP government in Osun State, nothing meaningful has been recorded in the sector thus far.

There is no doubting the fact that the current administration in the state has been failing consistently in delivering its electoral promises to the good people of the state particularly in the area of digital economy which was overblown beyond proportion and boastfully promised to turn around the fortune of the state in the technology world.

There are indices suggesting that the initiative has failed woefully like many others previously initiated by the incumbent government.

Recall that Governor Adeleke had on March 6, 2023, unveiled the state’s digital economy policies and flagged off laying of a broadband fibre optic project worth N16 billion purportedly claimed to cover 64 kilometres of the state and place landmarks of the state on Google maps.

Governor Adeleke who signed the Memorandum of Understanding with Oodua Infraco to commence immediate deployment of Fibre Optics across the state boasted that with the new National Broadband policy, free connectivity would be returned to schools and health centres but till today, nothing has been achieved in that respect.

In his words: “This government is waiving payment for Telecom Right of Way in return for free connectivity to our schools and health centres when the broadband project is completed. My good people of Osun State, we are also harnessing the many talents Osun has in the tech sector. We are putting selected Osun tech leaders from all over the world into an advisory board. Today, I am inaugurating the First Digital Economy Advisory Board with 15 members. Their task is to support the state in our dream of transforming Osun into a digital economy state.

“Permit me to commend my team for their wonderful performance on these landmark initiatives. I appreciate the team from the Ministry of Innovations, Science and Technology as well as specialists within the ICT Taskforce. You are consequently directed to work on the next phase which is the commencement of implementation of the policies and the initiatives.”

Anyway, it is not surprising that the incumbent government didn’t come up with anything tangible since the inauguration of the ‘non-existent fibre project’ other than the failure which it had also recorded in all sectors as manifested in the failed Imole Youth Corps; failed O’MEAL Scheme, failed borehole project, and failed attempt to remove the Chief Judge of Osun among others.

Saying lies, falsehoods and propaganda are the trademarks of the current administration is to say the least as it has now become glaring to all and sundry that like Ismail Omipidan said last year, “Osun under Governor Ademola Adeleke is being run in fraudulent claims.”

It would be recalled that the Adeleke government which started on a vendetta mission aimed at blackmailing and silencing the opposition has been witch-hunting suspected members of the All Progressives Congress, APC, instead of facing governance and this has shown clearly the real mission of the government.

Also recall that the Adeleke government started on a zero plan for the state. This was apparently noticed when the governor asked members of the Transition Committee to fashion out what his government could do within the first six months as this practically revealed the lack of capacity and preparedness in the current administration.

One would also wonder how a government which claimed to have campaigned vigorously to win the party’s governorship ticket and subsequently emerged governor would be asking a committee to design what was expected of him to do in six months! This shows a high level of his unpreparedness and that of his team for effective governance of Osun.

Back to the digital economy bogus claims, since the launch of the project precisely 13 months ago, why has Osun not been placed on world Google map as earlier promised by the Adeleke government? What has been the challenges impeding the project? Where have the humongous funds for the questionable project gone into? Who is the contractor handling the project if it exists at all?

Until these salient questions are answered satisfactorily, the government would continue to be held accountable. We should not forget that the masses are watching and taking records of events as they unfold under the Adeleke government. They are awaiting the day of reckoning.

May God heal our land.

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