Connect with us

OPINION

Is Ibadan Tinubu’s 2027 Strait of Hormuz?

Published

on

Share

By Festus Adedayo

Yesterday, Seyi Makinde, governor of Oyo State, rallied Nigeria’s opposition political parties to Ibadan. According to him in his welcome address, the summit was to rescue Nigeria from the stranglehold of Nigeria’s apparent descent into autocracy, “a pattern where the space for real political competition is disappearing.

” Ibadan summit’s message is an echo of a famous proverbial phrase and song of late Yoruba broadcaster and actor, Papa Adebayo Faleti, in the classic film, Saworoide.
Faleti warned the maximalists of Jogbo country, especially its ruler, Lapite, a corrupt and ambitious king who skips traditional rituals to rule selfishly and perhaps forever, that there will be consequences for inordinate ambition.
“Òrò yìí yó mà l’éyìn, àjàntièlè,” Faleti sang.

To underscore Ibadan’s historical centrality in recalibrating a drifting Nigeria and warning its rulers of calamity ahead, Makinde made reference to a similar summit held on Ibadan soil in 1950 and the calamity of Operation Weti e. A Yoruba word for “drench it” during the violent political crisis in Western Nigeria between 1962 and 1965 which led to the “Wild Wild West” anarchy tag. It was hallmarked by riots, arson and drenching of political opponents with petrol as a result of an attempt to rig elections. That crisis became the precursor of the 1966 coup.

From January 9 to 28 of 1950, a review of the Nigerian Constitution took place in Ibadan to address shortcomings of the 1946 Richards Constitution. Ibadan welcomed fifty members of the Legislative Council where the push for greater autonomy and regional representation that laid the groundwork for the 1951 Macpherson Constitution was made.

Same summit was held in Ibadan on October 19, 1954. On this day, some of the most influential nationalist figures of mid-20th-century Nigeria gathered in Ibadan. The mercurial Adegoke Adelabu was there. So also were figures like T.O.S. Benson, Dr. M. I. Okpara, Dr. Nnamdi Azikiwe, Dr. Okechukwu Ikejiani and another NCNC top-shot, Mr. Arimah. That gathering was a reflection of the importance and dominance of Ibadan as a major political force and battleground.

From the 1950 summit, to that of 1954, Ibadan has always been a hot-seat of roiling politics and attempt to reshape a broken Nigerian space. Ibadan never looked back. Its party politics is a hotbed of intense rivalry, shifting coalitions, alignment and realignment of interests. One of its markers was the infamous First Republic phrase, “If you see my hand, you cannot see the inner of me; Demo (NNDP) is the party I support” “B’òo r’ówó mi, oò rí’nú mi, Demo n’mo wà”. The Mabolaje-NCNC alliance conversation, held in Ibadan, prepared grounds for Nigeria’s October and December regional and federal elections. NCNC and the Mabolaje, a dominant Ibadan-based political movement, led by Adelabu, was mordantly opposed to Chief Obafemi Awolowo’s Action Group.

Music had a place of pride in this electrifying politics. In pre-colonial Africa, not only were musicians custodians of history, they were defenders of political figures. Their songs addressed political, social, and economic issues of society. At the Mabolaje-NCNC alliance of 1954 venue, though I have no empirical fact to back it up, I am almost sure Odolaye Aremu, Ilorin Dadakuwada music exponent, would be on the bandstand. As Hubert Ogunde was AG’s official musician, so also was Odolaye for the NCNC. You will recollect Ogunde’s Yorùbá Ronú song, a politically motivated rendition which was a total condemnation of SLA Akintola’s government. Odolaye also shot back with his adulatory dirge for SLA and Adelabu when both died.

Wrapped up in a unique traditional Yorùbá musical genre originating from Ilorin, Kwara State, which combines Oríkì (praise chanting), Òwe (proverbs), and Àròfò, (poetry) Odolaye delivered lacerating punches to counter the Action Group. One of such was his mockery of Awolowo’s free education policy which he claimed was not well thought out. He sang, “e jé ká ra léèdì (pencil) k’a si ra’we, iwe ti won ò rà télè télè láti kékeré o, ìgbà wo l’àá kà’wé t’ó di baba?”. On Adelabu’s car crash in 1958 while returning to Ibadan from Lagos, which led to riots and many deaths because he was believed to have been murdered, Odolaye made a cryptic quip insinuating he was murdered: “Death came for Adelabu suddenly… must we set trap for ourselves?” – “Ó kù dèdè k’ó w’Olúyòlé l’olójó dé o/Njé ó ye ká de tàkúté de’ra wa?”

In a few days’ time, I will be doing a public review of the book, Black Esther: The Tales of Ìyá Olóbì, My Grandmother. Written by Kayode Samuel, veteran journalist and former Chief of Staff to ex-Governor Gbenga Daniel of Ogun State, Samuel’s grandmother was a profoundly witty woman. Her grandson, the author, must have inherited her spellbinding wits. Ìyá Olóbì (Woman trader in Kolanut) was most times very prickly, especially on issues that had to do with Omo Yíbò (the Igbo). She was a willing accomplice of the then spiraling mutual mistrust between Yoruba and Igbo which gained notoriety shortly before independence. Often times, Ìyá Olóbì manufactured other wordly-like stories that ended up as ethnic profiling of the Igbo. Undoubtedly, however, she was a parlour heroine, a victim of her own animus, a woman whose daily life was an admixture of women wiles, humour and mastery of the power of the Yoruba language.

Black Esther is full of Ìyá Olóbì’s linguistic nuggets. Let me single out two of those which exhibit her Yoruba mastery. They flashed through my mind two Saturdays ago immediately I saw the musical tantrums of Saheed Osupa, Yoruba Fuji music icon, whose real name is Akorede Babatunde Okunola.

On that Saturday, Ibadan attempted to erupt again. Not because of the catalyst for the eruption, a gubernatorial intention declaration, tucked away in an innocuous part of the city. It was Osupa’s descent into needless talkaholism.

As I said earlier, Ibadan has an unmatchable historical pedigree as epicenter of electrifying politics. Its politics has evasiveness and flamboyance. It is equally garnished with volatile swear words and name-calling. This gives it a remarkably competitive edge, more than many other cities in Nigeria. You may wonder why two gubernatorial aspirants in the same APC, Sharafa Alli and Bayo Adelabu, have declared and counter-declared to govern the state; why a neutralizing force in the person of Teslim Folarin is waiting patiently like a vulture to harvest their mutual destruction. Having captured 32 states, I am told, Ibadan is so important to Bola Tinubu that, he might personally relocate to Oluyole to monitor its 2027 gubernatorial election.

Back to the Ibadan Saheed Osupa tantrums. The two poignant words from Ìyá Olóbì I referenced above taste differently. While one related closely to the Osupa issue, the other, more of a symbiotic philosophical cause and effect, is tangentially related to it. Ìyá Olóbì’s first hypnotic word came when family members, seeking resolution to how her nephew, who had just graduated from learning a printing trade, was discovered to have put a teenage girl in the family way. How the boy could have become that aberrant, the family wondered, concluding that the Ìyá Olóbì nephew was seized by the spirit of wrongdoing. Unable to countenance the unscience behind that reasoning, Ìyá Olóbì’s  retort was, in her Yoruba Egba dialect: “Eni yìí kìí báá máa mu sìgá, ìsòro ni kí wón fi igbó seé” translated to mean, it is almost an impossibility to have someone who does not smoke cigarette get afflicted by a marijuana-smoking addiction.

The second Ìyá Olóbì retort actually came before the first. It was her first magisterial pronouncement about this nephew of hers, immediately she heard of his rascally libido.  For a boy who was still being fed at home to find the energy to impregnate a girl, Ìyá Olóbì reasoned mockingly, it was a sign of an over-filled belly. In the same Egba dialect, she said, matter-of-factly, “Eni kò bá yó okó rè kíí le”. It means, an erect manhood is a fallout of a full belly.

If you saw the way Osupa hyper-ventilated at the said Ibadan political rally, you would conclude that it was a cause and effect. His bellyful catalyzed the uncontrollably erect manhood of arrogance he advertized. Or that, one of the spirits of his people had taken hold of him: a harmful magical spell (Àránsí); spirit of wrongdoing (Àṣìṣe); a charm or curse (Àsàsí) or Èèdì (a malicious spell that hexes one to bring bad luck). You could also suspect substance influence.

Many African indigenous musicians are routinely labeled “praise songsters” due to their thematic concentration on adulation. Right from his first ad-lib, Osupa had no one in doubt that he had come for a musical warfare. Then, he began to exhibit one of those afflictions above, which got him into trouble with denizens on the social media. As if Ibadan are serfs of monarchies, he sang that “Wherever OIubadan is headed is where the people will,” maintaining that only Ibadan bastards would vote against the man who paid for his presence at the rally. Then, to excite his partisan audience, he threw barbs at the governor of the state. Immediately, Netizens brought out clips of effusive praises he earlier showered on the governor for gifting him an SUV. His attempt to clarify further worsened people’s perception of him as an inherently reversible personality. It reinforced the narrative of ingratitude. So, because of his transactional disagreement with his erstwhile benefactor, a public arena became ground for ventilation of personal grouse?

Thereafter, Osupa was thoroughly tongue-lashed by Netizens, so much that, a while after, he had to take a space on the information highway to explain his misspeak.  Some of the respondents said he was afflicted by the spirit of àsìse. But, as Ìyá Olóbì would say if she was on this divide, no one should make excuse for him. Osupa should carry the cross of his irresponsible dabbling into a turf where he knows little about.

While many who watched the Osupa show were thoroughly disappointed in him, most of those who knew the historical pedigree of traditional African praise singers were not caught unawares. From ancient times, praise singers or griot were usually like flies hovering on kings’ palmwine calabash mugs in palaces. They also always perched on homes of influential people in society to be dashed used clothes and shoes. Indeed, they were called Alù’lù gb’omi èko – those who drummed to be paid with bric-a-brac. While bards served as court historians, helping to codify ethnic groups’ genealogy for posterity, a pall of general perception as beggars, “alágbe” hangs over them till today. It doesn’t matter that, over the century, many of them have transformed due to acquisition of education, wealth and have become pretentious gentlemen. They still are like the uniquely smelly vegetable called ebòlò, which my people say it is impossible to pluck from the dumpsite and have it smell uncontaminated, without the filthy odour of the dumpsite oozing out of it. Osupa’s recent degree certificate apparently serves little effort to cleanse him of a historical malaise.

I dwelled on the nature of Osupa’s doublespeak in earlier pieces I did. I concluded that it was a manifestation of tendencies of Yoruba musicians to oscillate from praise to dispraise. Permit me to regurgitate previous references. To explain this binary, I cited Alamu Atinsola Atatalo, one of the pioneers of Dùndún and Sèkèrè traditional music in post-colonial Yoruba Nigeria. Atatalo reinforced the transition of the tongue from one superlative extreme to the other, as defined by the musicians’ esophagus and passion. At a small level, Atatalo mirrored the typical Ibadan, whose tongue cuts through rough edges like hot knife on butter. Born into the Ajáláruru family of Òópó Yéosà in Ibadan, the 1950s and 1960s saw Atatalo dominating the Ibadan musical scene, first as a Sèkèrè and Dùndún drummer, and much later as singer and drummer.

In two of his songs, within a short time span, Atatalo shot a woman friend of his down from the echelon of praise to the abyss of dispraise. In the first song, apparently struck by the sweet piercing arrow of Cupid, he advertised this woman friend of his’ restaurant in such superlatives that you would want to visit it to have a taste of her highly burnished culinary prowess. Tatalo described the restaurant as located in Ayéyé, Ibadan. He wasn’t done. It was the best place where quality àmàlà and ewédú soup could be found in the whole of the city, he sang. The restaurateur garnished her soup with fish and shrimps, he sermonized. Tatalo’s melodious rendering of these lines was done in a typical Yoruba superlative, so gripping that, finding the right word to explain it may be a barren exercise. He sang: “Sokotoyòkòtò l’ó fi ńp’èèlò è, edé l’ó fi ńpa’ta/Ìyàwó Atátalò tí ńbe l’Áyéyé!”

Not long after, however, as he sang in a later album with the title, Àá fì’dí kalè ni, a passing train would seem to have put a wedge to the two lovebirds’ affair. Tatalo then flipped 360 degree. He sang of how this same woman, who had now become his ex, in alliance with her mother, had become a disgrace to motherhood. He was not done. Both mother and daughter engaged in shameless prostitution, he revealed. The restaurant, which Tatalo once praised to high heavens, had now, in his words, become so slovenly in appearance and smelly that it was fly-ridden. Indeed, sang Tatalo, off-putting smell of gonorrhoea (àtòsí) urine oozed out of the restaurant, so much that no one could enter it! The immediate question you would want to ask Tatalo is, how different does gonorrhoea urine smell from other smell?!

For Osupa, also an Ibadan like Tatalo, how a benefactor suddenly swings from a positive superlative to negative superlative is a shifty mind that meanders from praise to dispraise, defined by personal benefit and patronage and not public good.

It may however be unfair to restrict Osupa’s cheap moral reversal to musicians alone. In a fragile world like ours, loyalty, friendship and ability to stay the course are collapsing. In the face of Mammon and filthy lucre. Politicians manifest it. Friends betray friends at daggers drawn. Brothers stab brothers in lethal strikes more painful than Brutus and Julius Caesar’s.

As Ibadan gradually gravitates towards its political decision day, in the words of Babatunde Fashola, loyalties will be tested and will collapse. Shifting alliances will occur, shifted by love of selves and cash. Osupa may need to reverse himself and sing the adulation of Bayo Adelabu, the Minister of Power, who just returned to Ibadan for a consequential political tango with Sharafadeen Alli. Osupa may be needed to reverse the damaging investiture of “the King of Pitch Darkness” which Netizens hung on the minister’s neck with his reversible tongue. He may even sing the panegyrics of the most lethal political tactician among them, Teslim Folarin, who will give both a run for their monies. Or even Makinde’s gubernatorial choice.

Whichever way, Ibadan is answering to its political pedigree as epicenter of electrifying politics. More importantly, it was the place where Nigeria faced the fatal comeuppance of First Republic politicians’ political sacrilege. Could yesterday’s summit be another warning against a similar political sacrilege of a potential Fourth Republic one-party state Nigeria? Could it be Nigeria’s own Iranian Strait of Hormuz threatening to unravel our own Donald Trump?

As Makinde said in Ibadan yesterday, those who fail to learn from the poignant episode that took place on the soil of Ibadan 60 years ago may catalyze a re-enactment of the anger of history in year 2027. The butterfly that runs inside a thick mass of thorns will have its cloth torn in shreds. An impala that defies the Kinihun (Lion), Chief Circumciser of the Forest (Oloola Iju), who incises without a scalpel, will bathe in a puddle of its own blood. History’s cudgel, used to whip the older political wife of the First Republic, is on the rafters for the younger wife, political maximalists and their surrogates.

When Adeolu Akande was rounding off his doctoral thesis at the University of Ibadan in 1995, Wale Adebanwi, Remi Aiyede, myself and other academic kindred spirits were battling the rigour of a Master’s degree in same political science department. We were all under the umbrella of an ecumenical academic figure, Prof Adigun Agbaje, who later supervised Adeolu’s, mine and Adebanwi’s doctoral theses. Akande thereafter became a professor at the Igbinedion University, Okada, studied for an LLB and was called to the Nigerian Bar.

The charge against academic-minded persons like Akande, for which some of us became recipients, being guilty as charged, is that we are married to theory and isolated, in a mis-matrimony, from praxis. By leaving politics in the hands of the flotsam and jetsam of society – apologies to Chief Obafemi Awolowo – they say, we have left our plates unwashed and cannot complain when they are marooned with flies. Akande later heeded this clarion call, became the Chairman of the Nigerian Communications Commission (NCC) and is today desirous of serving his people as Senator representing Oyo North constituency. Unlike Akande, some of us are yet to be purged of that distancing of selves from the murky waters of Nigerian politics.

Brilliant, clear-minded, purposeful-thinking, Akande, who hails from Otu in Oyo State, is the kind that a people desirous of development should have as their legislator. Dangerous it may seem for anyone to vouch for a Nigerian politician, I can vouch for Professor Akande as capable of bringing a difference to the politics and development of his Oyo North District. A beacon of intellect, he embodies wisdom in service. His vision transcends classrooms, reaching the heartbeat of his people. With courage and clarity, he stands ready to transform his constituency’s aspirations into lasting progress.

OPINION

The David Mark and Atiku Abubakar ADC Protest: A Recycling of Bourgeoisie Metamorphosis

Published

on

Share

By Uji Wilfred

Right from the foundations of the Independence struggle that led to self-rule, political party formations in Nigeria were crafted majorly for the capture of political power through periodic elections.

Political Parties never had ideological foundations that defined the boundaries of political recruitment and participation.

Political parties in their formation, leadership structure and ownership, belonged more to the ruling oligarchs than the people or the masses.

In the First Republic, political parties had little ideological bent, framed along regional and ethnic sentiments, but little of rallying the entire nation along in a unified polity.

In the general elections of 1954 – 1956, each of the ruling political party, the Northern People’s Congress, the Action Group and the National Council of Nigerian Citizens emerged as regional parties in terms of the demographic voting pattern as well as the control of political seats.

The First Republic suffered from a contradiction of centripetal and centrifugal forces within the framework of the tripartite system which eventually led to the collapse of that republic.

Political parties as well as the leadership recruitment reflected a regional and ethnic bias more than the need for the national integration of Nigeria.

Decamping across political lines, irrespective of ideological leanings, were the basic norms of the First Republic with political parties splitting out from the major political party. Formation of new political parties to fragment the dominant hold of ruling political parties were common political vices of the political class at that time. For example, Chief Akintola, despite the ideological soundness of the Action Group, splitted up the party with the formation of a new political party.

Chief Akintola’s desire was fired more by ambition than the issues of ideology and national interest.

In Northern Nigeria, the ruling Northern People’s Congress waged a war of suppression and dominance against other minority political parties with strong ideological bent that inspired minority ethnic nationalism.

The NPC through its slogan of One North, One Destiny, suppressed minority political parties such as the United Middle Belt Congress led by Joseph Tarkaa.

The point is that Nigeria from her foundations inherited a political culture where political parties have weak ideological roots as well as party and leadership recruitment.

Since 1999, Nigeria has witnessed the recycling of bourgeoisie Political Party Formation and leadership recruitment through a process of metamorphosis that defiles ideological lines and national interest.

Political participation and leadership recruitment has been centered on the urgent need to capture power at the center using political parties owned by a few powerful oligarchs.

The People’s Democratic Party in its formation and foundation was a fraternity of past and serving military generals and their civilian equivalent.

The PDP since its inception has been led by past military officers like David Mark and Atiku Abubakar, the civilian equivalent of the military.

The dream of the PDP led by these retired military generals under the leadership of former President Olusegun Obasanjo was the enthronement of Africa’s biggest political party that was to last for a century.

As good as the dream of the party was, the PDP, like the experience of the First and Second Republics lacked deep ideological roots that defined the boundaries of political recruitment and participation.

The triumph of the People’s Democratic Party forced the rival All People’s Party and the Action Congress of Nigeria into a state of collapse and submission leading up to the bourgeoisie metamorphosis that resulted to the formation of the All Progressive Congress on the eve of 2015 with the sole objective to unseat President Good luck Jonathan.

The APC was a metamorphosis and amalgamation of opposition parties including some dissenting faction of the PDP to reclaim the so called birth right of the far right North in Nigeria to produce the President of Nigeria.

Political recruitment and leadership struggle in Nigeria has never been defined by ideological needs to salvage or emancipate Nigeria as a nation. Political struggle has always been a recycling of that section of the bourgeoisie, through a process of metamorphosis, whose objective is to capture political power at the center.

The present protest and political struggle by the African Democratic Congress, the faction led by David Mark and Atiku Abubakar, is a recycling of bourgeoisie metamorphosis not too different from the experience of 2015.

At best, the David Mark and Atiku Abubakar led protest represents that desperate struggle entrenched in the thinking of the Far Right of Far Northern Nigeria, that political leadership resides in the ancestral birth right of the aristocratic ruling political class of the North.

David Mark and Atiku Abubakar perhaps are suffering from a dementia that has made them forget that they were the agents that destroyed the foundations of democracy in Nigeria through the sacking of former President Good luck Jonathan of the People’s Democratic Party.

These men formed the All Progressive Congress and wrestled power from a democratic government exploiting the dynamics of national security and developmental challenges.

In 2015, Nigerians believed their opinions and through the ballot removed Good luck Jonathan.

However, since then, has Nigeria fared better under the APC that was enthroned by oligarchs leading in the present protest under the auspices of the ADC.

Perhaps, David Mark and Atiku Abubakar may assume that Nigeria suffers from a collective dementia that has forgotten the past so soon.

There is an adage that says, he who comes to justice and equity must come with clean hands. The same forces that enthroned bad governance in Nigeria factored in the APC, through a metamorphosis, want to rebirth another Nigeria through the ADC.

In ideological terms, this does not make sense, the ADC Protest is the same old thing of old wine in a new wine bottle.

If Nigeria must experience a change, let it come through some revolutionary medium that will not exploit the people’s trust and betray them once in power.

Over the past decades, the betrayal of public trust, exploiting the innocence of the people, perhaps the naivety of the people, is what we have seen and experienced through the circles of bourgeoisie metamorphosis and political leadership recruitment.

Continue Reading

OPINION

Where the Politicians Got it Wrong

Published

on

Share

By Raphael Atuu

Benue State, fondly referred to as the “Food Basket of the Nation,” was created on February 3, 1976, by the military administration, carved out of the old Plateau State. From its inception, the state was administered by a succession of military administrators, followed by civilian governors in Nigeria’s evolving political landscape.

Over the decades, leadership passed through several hands each leaving varying degrees of impact on the state’s trajectory.

In its early years, Benue was widely regarded as a peaceful and united society. Communities coexisted in harmony, bound by shared values, cultural pride, and a strong sense of collective identity.

The economy was largely driven by agriculture, with fertile lands producing yams, rice, cassava, and other staple crops. Institutions like the Benue Cement Company also contributed to economic activity and employment.

In those days, the government was distant from the daily struggle of the average citizen. Few people concerned themselves with the affairs of Government House. Wealth and dignity were derived from hard work, farming, trading, and craftsmanship not political patronage.

The people spoke with one voice, celebrated their traditions with pride, and upheld communal respect as a guiding principle.

However, the return of democracy in 1999 marked a significant turning point, one that would reshape the state’s social and political fabric in ways few anticipated.

With democratic governance came new opportunities, but also new challenges. Politics gradually became the most attractive path to wealth and influence.

For many, Government House transformed from a symbol of public service into a gateway to personal enrichment.

The perception of politics shifted from service to self-interest.

As political competition intensified, unity began to erode. Divisions along ethnic, local government, and party lines deepened. The once cohesive voice of the Benue people became fragmented, often drowned in partisan conflicts and power struggles.

Perhaps more troubling was the subtle transformation in societal values.

 The Benue man, once admired for courage, resilience, and industry, began though not universally to exhibit tendencies toward dependency and political loyalty over merit.

Sycophancy started to replace integrity, and the dignity of labor was gradually overshadowed by the allure of quick gains through political connections.

Elected officials rose to positions of authority and influence, becoming key decision-makers in society.

 Yet, for many citizens, the dividends of democracy remained elusive. Infrastructure development lagged, agricultural potential remained underutilized, and poverty persisted despite abundant natural resources.

The irony is striking: a state so richly endowed, yet struggling to translate its potential into tangible progress.

Beyond economics, insecurity and communal clashes in recent years have further strained the social fabric.

 The peace that once defined Benue has been challenged, forcing many communities to confront displacement and uncertainty.

While these issues are complex and multifaceted, the role of political leadership in addressing or failing to address them cannot be ignored.

So, where did the politicians get it wrong?

They lost sight of the essence of leadership service to the people. Governance became more about control than development, more about personal gain than collective good.

 Long term planning gave way to short term political calculations. Investments in agriculture, which should have remained the backbone of the state’s economy, were neglected in favor of less sustainable ventures.

Moreover, the failure to foster unity and inclusive governance widened the gap between leaders and the led. Politics became a tool for division rather than a platform for progress.

Yet, all hope is not lost.

Benue still possesses immense potential, fertile land, vibrant culture, and resilient people, what is needed is a return to the values that once defined the state: hard work, unity, integrity, and community driven development.

 Leadership must be reimagined, not as an avenue for wealth, but as a responsibility to uplift the people.

The story of Benue State is not just one of decline it is also one of possibility.

 With the right vision, commitment, and collective will, the state can reclaim its place as a model of peace, productivity, and progress.

The question remains: will its leaders and its people rise to the occasion?

If you want, I can.

Continue Reading

OPINION

Nigeria Not Collapsing, Recalibrating Unsustainable System

Published

on

Share

By Tanimu Yakubu

Nigeria is not collapsing; it is confronting long-avoided economic realities. The current hardship, though undeniable, reflects a deliberate process of correcting structural imbalances that have persisted for years. Distress is evident, but it must not be mistaken for systemic failure.

Countries in true economic collapse do not unify exchange rates, rebuild external reserves, regain access to international capital markets, or improve fiscal performance.

Nigeria, despite significant pressures, is making measurable progress across these indicators.

Ending a Distorted Economic Order

For years, Nigeria operated under an economic framework that projected stability while masking deep inefficiencies.

Artificially suppressed fuel prices, multiple exchange rate windows, and expansionary fiscal practices incentivized arbitrage over productivity.

These distortions disproportionately benefited a narrow segment of the population while imposing hidden costs on the broader economy.

Their removal has revealed the true cost structure of the system. While this transition has triggered inflationary pressures, it has also restored policy transparency and enhanced the credibility of economic management.

Strengthening the Fiscal Base

Recent fiscal data indicates a strengthening foundation. Distributable revenues to the Federation Account have risen by over 40 percent following subsidy removal, reflecting improved remittance discipline and reduced leakages.

Nigeria’s public debt remains below 30 percent of GDP, a relatively moderate level compared to peer emerging markets, according to the International Monetary Fund. Meanwhile, external reserves have surpassed $40 billion, based on figures from the Central Bank of Nigeria.

At the subnational level, increased fiscal inflows are enabling more consistent salary payments, with some states introducing inflation adjustments, an indication of gradually expanding fiscal space.

Inflation: A Transitional Challenge

Inflation remains the most immediate and visible consequence of ongoing reforms. It is being driven by exchange rate adjustments, energy price corrections, and longstanding supply-side constraints.

Global experience suggests that such inflationary spikes are often temporary when reforms are sustained. The greater risk lies not in reform itself, but in policy inconsistency or reversal.

Interpreting the Present Moment

Public frustration is both expected and understandable. Nigerians are justified in demanding tangible improvements in living standards. However, it is important to distinguish between short-term hardship and systemic collapse.

Nigeria’s institutional framework remains intact, fiscal capacity is improving, and macroeconomic reforms are actively progressing. This phase represents adjustment, not disintegration.

From Stabilisation to Impact

The next phase of reform must translate macroeconomic gains into measurable improvements in citizens’ welfare.

Strategic investments in healthcare, education, and targeted social protection will be essential to sustaining public confidence.

Ultimately, the credibility of these reforms will be judged not by policy intent, but by their impact on everyday life.

Conclusion: The Imperative of Consistency

Nigeria has long recognised its economic challenges; what has often been lacking is sustained policy execution. The greatest threat at this juncture is not reform fatigue, but reform reversal.

Abandoning the current course would erode credibility, deter investment, and reintroduce the very distortions that hindered growth.

This moment demands patience, discipline, and resolve. Nigeria is not collapsing, it is undertaking a necessary correction and laying the foundation for a more resilient economic future.

Tanimu Yakubu is DG, Budget Office of the Federation.

Continue Reading

Advertisement

Top Stories

NEWS28 minutes ago

Enugu North Stakeholders Pay Appreciation Visit to Mbah

ShareFrom Sylvia Udegbunam, Enugu Stakeholders from Enugu North Senatorial District on Sunday paid a thank-you visit to Enugu State Governor,...

NEWS34 minutes ago

Enugu Police Rescue Kidnapped Victim, Arrest Suspect

ShareFrom Sylvia Udegbunam, Enugu The Enugu State Police operatives attached to the Anti-Kidnapping Sub-Unit of the Violent Crime Response Unit...

Metro1 hour ago

WHEN HELL TAKES OVER PARADISE:

ShareA REVIEW OF IYORWUESE HARRY HAGHER’S A PORTRAIT OF PARADISE James Tar Tsaaior A Portrait of Paradise is a pulsating,...

NEWS2 hours ago

Giwa Inspects Facilities Ahead Police Constables Recruitment in Enugu

ShareFrom Sylvia Udegbunam, Enugu The Commissioner of Police, Mamman Bitrus Giwa on 27th April 2026, visited the Police Detective College...

DEFENCE2 hours ago

Troops Apprehend IPOB/ESN Suspect, Recover IEDs in Imo

ShareTroops of 82 Division and Joint Task Force South East (OPUK) have apprehended a suspected member of the Indigenous People...

DEFENCE2 hours ago

Military Veteran Expresses Confidence in Super Puma Helicopter

ShareA retired Aeronautic Engineer of the Nigerian Air Force (NAF), Air Commodore Taiwo Badru, has expressed confidence in the ability...

DEFENCE2 hours ago

Kaduna Police Nab 30 Suspected Kidnappers, Recover Firearms in April

ShareThe Kaduna State Police Command has arrested 30 suspected kidnappers, four gunrunners and recovered five firearms with live ammunition during...

DEFENCE2 hours ago

NDLEA Intercepts 748kg of Tramadol, Other Psychotropic Drugs in Edo

ShareThe National Drug Law Enforcement Agency (NDLEA) has intercepted 748.02kg of controlled pharmaceutical drugs, including large consignments of tramadol, along...

OPINION2 hours ago

Is Ibadan Tinubu’s 2027 Strait of Hormuz?

ShareBy Festus Adedayo Yesterday, Seyi Makinde, governor of Oyo State, rallied Nigeria’s opposition political parties to Ibadan. According to him...

FEATURES2 hours ago

Second Chance Education Restores Hope for Married Girls in Kaduna

ShareBy Aisha Gambo In Gabari village, Kufena, Zaria Local Government Area of Kaduna State, young Halira Nuhu (not real name)...