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Tinubu’s First Anniversary: Era Of Pain – Punch Editorial
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A year into President Bola Tinubu’s tenure, the infectious optimism of liberty, economic progress, security, and well-being heralding his inauguration on May 29, 2023, has turned to dying embers. In the President’s first year, all Nigerians see is hopelessness, misery, privations, and pain. The despair is evident in the numbers: the cost-of-living crises, hyperinflation, joblessness, and naira depreciation.
Amidst the supercilious backslapping in government circles, poverty, and bloodshed are intensifying. Tinubu should retrace his steps in the remaining years of his tenure to bequeath a redoubtable legacy to the country.
Under Tinubu, Nigeria is a harsh contrast to Abraham Lincoln’s “Democracy is the government of the people, by the people, for the people.” Instead, only a tiny band of politicians, their families, and sycophants are laughing all the way to the bank. From his “subsidy is gone” pronouncement on Inauguration Day, which cancelled petrol subsidies, chronic hardship has defined his tenure.
From N187 per litre pre-Tinubu, petrol now sells between N568/l and N800/l. Without well-implemented safety nets, most citizens have found it difficult to cope with the astronomical rise in transportation and food costs. This has heightened poverty. It stood at 46 per cent in 2023 or 104 million citizens, per the World Bank.
Two other policies have combined to bankrupt citizens. The first is the merger of the naira rates through floatation. The second is the cancellation of subsidies for Band A electricity consumers in April.
Consequently, the naira has depreciated significantly. It exchanged at N464 per $1 in May 2023, plunged to N1,900/$1 early in 2024 before trading at around N1,400/$1 currently despite a raft of artificial policies to shore up its value. By February, it had lost 68 per cent of its value.
The impact goes beyond Nigeria. Formerly reckoned as Africa’s largest economy, Nigeria has ceded the top three continental slots to South Africa, Egypt, and Algeria respectively. It is now fourth in Africa with a GDP of $252.73 billion on the back of currency depreciation.
From N68 per kilowatt-hour, the tariff for the Band A segment climbed to N225/kWh before dropping to N206.80/kWh in May.
On the monetary policy side, the Central Bank of Nigeria has moved the benchmark interest rate from 18.50 per cent in May 2023 to 26.25 per cent, after three consecutive hikes in 2024.
All this has jerked up prices, though the Tinubu government is yet to implement a wage review. He met the national minimum wage of N30,000 per month. Businesses are complaining about the increased costs of borrowing funds.
In April, inflation spiked to a 28-year high of 33.69 per cent. Food inflation worsened to 40.63 per cent. Imports are priced steeply because of the depreciation of the naira. This is devastating to everyday living. Medicines are out of reach of citizens.
Tinubu, who has fulfilled his lifelong ambition to govern Nigeria, assumed office during the economic downturn. But there was hope initially of a revival after a largely successful eight-year tenure in Lagos State (1999-2007). In truth, that optimism is blowing in the wind.
Under him, governance is not much different from the preceding era of locusts supervised by the clueless Muhammadu Buhari (2015-2023). Abductions and killings are an epidemic. This is reminiscent of the Biafra Civil War (1967-1970).
While 63,111 died in violence on Buhari’s watch, 6,931 were killed in Tinubu’s first 10 months. Beacon Security and Intelligence counted 2,583 killings in the first quarter under Tinubu. SBM Intelligence reported 4,777 abductions when Tinubu assumed office to early May 2023. The worst-hit states are Plateau, Benue, Kaduna, Niger, Zamfara, Kogi, Katsina and Borno.
refineries, the airports, seaports, the Ajaokuta Steel Company, and the railways. This will save the government on running costs and boost foreign direct investment.
The President should redirect focus on security. Without this, farming and business will continue to depress. There is a growing trend of brutality among the security agencies. They are abducting journalists with impunity. This is against the rule of law. Nigeria is no longer under a military regime so Tinubu should rein in their excesses.
His cabinet is bloated. He should have a compact team of performers to reduce the cost of governance.
Tinubu is toeing the path of his predecessors on restructuring. This is ludicrous. It is wishful thinking to believe that Nigeria will make progress without restructuring. The President should make restructuring a priority. It will unleash Nigeria’s productive capacity, rebuild trust in governance, improve security, and de-escalate inter-ethnic tensions.
Punch
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It’s Awful For Akpabio To Humiliate Female Senators, Kingibe, Natasha;– Ex-Minister Ezekwesili
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By Kayode Sanni-Arewa
Ex- Nigerian minister of education, Oby Ezekwesili, has slammed Senate president, Godswill Akpabio, over his alleged misconduct towards female lawmakers.
In a statement issued on Monday, Ezekwesili expressed concerns over Akpabio’s behaviour, citing instances where he allegedly humiliated female senators, including Natasha Akpoti and Ireti Kingibe.
Recall on Saturday that Senator Natasha Akpoti-Uduaghan spoke out about the harassment and exclusion she has faced in the Senate, citing a pattern of behaviour that began after a nightclub incident last year.
In an interview with the Brekete Family, where Akpoti-Uduaghan had revealed that she had been denied privileges, pulled out of international activities, and even had her name struck out from a United Nations event she was nominated for.
The senator claimed that she had been self-funding her trips to international events, which she believed are important for her constituents, Nigerian women, and the country as a whole.
She had also alleged that her seat in the Senate was changed to a location where she would be less visible, suggesting that this was an attempt to silence her or eliminate her from being seen.
Akpoti-Uduaghan’s allegations came after Senate President Godswill Akpabio faced criticism for his sexist remarks against her, with over 300 women groups demanding an unreserved apology.
The incident highlights concerns about gender discrimination and verbal harassment in Nigeria’s political institutions.
Reacting in her statement, Ezekwesili encouraged women in public leadership to stand strong and continue to represent their constituents, emphasising that representation matters.
The former presidential candidate, also warned Akpabio that he would face consequences if he continued to harass women in public leadership.
The statement she shared on her X handle partly read: “I tweeted last year that if not for the rottenness of our Judiciary, Nigerians would not have an @Senator_Akpabio presiding over the upper house of our @nassnigeria – the Nigerian Senate @NGRSenate.
“That statement has been given proof by Mr Akpabio himself in the nearly 2 years of his “leadership” of the Senate.
“One issue stands out. Mr Akpabio implicitly thinks that his even more accomplished female colleagues must be humiliated in order for his ego to be assuaged.”
Ezekwesili added, “Is it not a shame that one day it is @NatashaAkpoti , another day @IretiKingibe and yet another day @NatashaAkpoti that are at the receiving end of the appalling misconduct of the topmost officer of our Legislature?”
“And we wonder why Nigeria shamefully places at the lowest neighborhood of the ranking of countries on Women in public leadership , specifically Legislature at 4.4%.
“I encourage the women in public leadership to never ever lose their Voice. Continue to stand strong in your commitment to citizens and prove that representation matters.
“All aspects of data do in fact show that representation matters a lot.”
The former Vice President of World Bank (Africa Region), warned Senate President to be prepared to face what would come to him next time he harasses any woman well-elected unlike him.
“Next time Mr Akpabio harasses any woman well-elected unlike him and representing her constituency @ the National Assembly or any woman at all anywhere in this country, he must get ready. Enough said.”
Guardian
News
BREAKING: Again , Dangote Slashes Diesel And Petrol Prices
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By Kayode Sanni-Arewa
Again, the Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) and Diesel on Monday.
The refinery slashed the price of petrol from N960 to N890 per liter while diesel now sells at N1020 per liter from N1075
The latest development comes as Dangote refinery continues to ramp up production, positioning itself as a key player in Nigeria’s fuel market.
The price cut is expected to ease the burden on businesses and individual struggling with high transportation and Operational costs
News
Delta North: Court asked to declare Ned Nwoko’s seat vacant over illegal defection
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By Kayode Sanni-Arewa
The Federal High Court in Abuja has been asked to declare the Delta North Senatorial seat vacant, following the defection of Senator Ned Nwoko to the All Progressives Congress (APC).
The court was urged to direct the Independent National Electoral Commission (INEC) to conduct a bye-election in the Delta North Senatorial District within 60 days of delivering judgement in the matter.
The legal action was instituted by Senator Nwoko’s constituent and member of the Peoples Democratic Party (PDP), Marvis Ossai.
Aside from Senator Nwoko, the INEC, PDP, and the Senate were cited as defendants in the matter.
Upon the determination of the question by the court, he prayed among other reliefs, for “an order of this Honourable Court, directing the Independent National Electoral Commission, INEC– the 2nd Defendant – to conduct a bye-election into the Delta North Senatorial District of the Nigerian Senate within sixty (60) days from the date of the delivery of Judgement herein.
“An order of this Honourable Court declaring vacant the seat of Ned Munir Nwoko and cancelling his Certificate of Return issued to him by the Independent National Electoral Commission.
“An order of this Honourable Court mandating the 1st Defendant, Nwoko, to refund into the Consolidated Revenue Fund of the Federation, forthwith, all the salaries, emoluments and allowances received by him since January 2025 until the date of the final judgement in this matter.
“An order disqualifying the 1st Defendant from standing election into any elective post under the amended 1999 Constitution of the Federal Republic of Nigeria until and unless he complies with every term of the judgement in this suit.”
As well as, “An order mandating the 4th Defendant (Senate) to immediately give effect to the judgement of this Honourable Court.”
In a five-paragraph affidavit deposed to by one Ibrahim Isa, the plaintiff told the court that Senator Nwoko had on January 30, resigned from the PDP which was the political party on whose platform he was elected to occupy the Delta North Senatorial seat till 2027.
According to the plaintiff who told the court that he is from Oshimili North Local Government Area in Delta North Senatorial District, Nwoko’s continued stay in office after his defection would amount to a gross violation of the constitution.
“That since when the 1st Defendant decamped from the PDP up to the present moment of initiating the instant suit, there is never any division in the National Leadership of the People’s Democratic Party (PDP).
“That the ideology of the 1st Defendant’s new party, All Progressives Congress (APC), to which the 1st Defendant now fully subscribes, does not bear any similarity or represent the political philosophy of the People’s Democratic Party [which is the basis upon which the Plaintiff resolved to cast his vote for and elected the Defendant in 2023.
“That the conduct of the Defendant in defecting from the People’s Democratic Party to All Progressives Congress has dealt a major blow to the fortunes of the Plaintiff’s Party, the People’s Democratic Party
“That the conduct of the 1st Defendant being challenged herein if not condemned and upturned by this Honourable Court will continue to encourage political harlotry, legislative rascality and destroys the reasons for the laws made to regulate the defection of National Assembly Members by the Constitution of Nigeria itself.
“That the continuous stay of the 1st Defendant at the Federal Senate of the Federal Republic of Nigeria does no longer represent the Plaintiff’s interest or that of thousands of other members of our constituency who voted him in on the basis of our faith in our Party’s manifesto which they believed the 1st Defendant was capable of representing in the Federal Senate of the Federal Republic of Nigeria.
“That the Defendant is now representing adverse interests of the people who fought the Plaintiff’s party tooth and nail [in the year 2023] to forestall the emergence of the 1st Defendant as the Member Representing DELTA NORTH SENATORIAL DISTRICT Federal Constituency on the platform of the People’s Democratic Party, (PDP).
“That time is of the greatest essence in the instant application.
“It will be in the interest of justice for this Honourable Court to grant the prayers contained on the face of this Originating Summons.”
Meanwhile, the suit is yet to be assigned to any judge for a hearing.
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