President Bola Tinubu will on Saturday, July 20, depart Abuja for Accra, Ghana to participate in the Sixth Mid-Year Coordination Meeting of the African Union (AU), the Regional Economic Communities (RECs), the Regional Mechanisms (RMs), and the African Union Member States.

In his capacity as the Chairman of ECOWAS Authority of Heads of State and Government, President Tinubu will address the meeting on the status of regional integration across various areas in Africa, highlighting the achievements and challenges encountered in West Africa since the last meeting in Nairobi, Kenya, in July 2023. 

The President and Chairman of ECOWAS will present the '2024 Report on the State of the Community', focusing on peace, regional security, governance, economic integration, humanitarian and social development, energy, mines and agriculture. 

The meeting will be convened under the AU theme of the year 2024: 'Educate and Skill Africa for the 21st Century.'

The Mid-Year Coordination Meeting was conceptualized in 2017 as the principal forum for the AU and the RECs to align their work and coordinate the implementation of the continental integration agenda, replacing the June/July summits. 

In July 2023, President Tinubu, who was then elected as the Chairman of ECOWAS, delivered his maiden speech at the AU Fifth Mid-Year Coordination Meeting in Nairobi, Kenya, where he affirmed Africa's strength and the need for unity. 

In Accra, the items on the agenda will include evaluating the AU's early warning and conflict prevention mechanisms and promoting cooperation among regional economic communities to accelerate integration.

A declaration will be adopted at the end of the meeting. 

President Tinubu, who will be accompanied by senior government officials, will return to the country at the conclusion of the meeting.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity) 

I am not surprised that Gov. Umo Eno’s plans to invest in property development in Lagos and a hotel in Abuja has generated some controversy among his people. Few trust their governments in Nigeria; so, every action is taken with a high dose of cynicism. Akwa Ibom government is erecting an 18-storey building for commercial use on Bishop Abayode Cole Street, Victoria Island, while the state’s liaison office in Abuja would be converted to a four-floor hotel. The VI building, to be known as Ibom Towers, will consist of one- and two-bedroom flats (31 of them) and some business suites, that would be sold to investing public. Conservative estimates indicate that the government may generate up to N100 billion from this transaction. The VI property is a small bungalow sitting on a large parcel of land acquired over 30 years ago. It served as the governor’s office annex in Lagos, providing the chief executive with ample space for meetings and official business in the nation’s most industrialized city. I actually met Governor Godswill Akpabio there sometime around 2009. He is the last chief executive of the state to use the place.

In 2017, Gov. Udom Emmanuel acquired a more modern property on Coopers Road in Ikoyi for use as official residence and office. The VI property had long remained largely unused. Similarly, the Abuja property, located in the Central Business District, has also been abandoned for many years now. Converting it to a hotel and handing it over to a successful hotel manager to operate makes business sense. In addition to these two, investments, Eno is also building a low-density residential estate in the heart of Uyo. He hopes to sell the residential units to the public. But it is the Lagos development that is kicking off the most storm. Many a commentator believes that the Akwa Ibom people will benefit more if the funds to be used in developing the property were invested in some economic activities in the state. They have a point, but the government’s decision also has some merit. A commercial property development in VI, Lagos is not a bad venture.

The reason the governor is being criticized is because of our recent experience in property investment. In 2021, Gov. Emmanuel completed a 21-storey building in Uyo. When he mooted the idea, he was trenchantly criticized for wasting resources on such a white elephant project. But the governor claimed that ExxonMobil was soon relocating its corporate headquarters to the state and would occupy several floors in the building. I doubted the claim and said so publicly, having spoken to many Mobil executives then. It turned out that the oil company was at that time exiting its onshore operations, which were based in the state, and were actually selling off the business to Seplat Energy, an indigenous oil-producing company. Udom Emmanuel was actually lying to the people, and till today the 21-storey building has remained unoccupied, apart from two floors donated by the government to the Bank of Industry. Many other investments made by the former governor and located in his hometown, like the coconut factory; the syringe manufacturing plant; the electric meter manufacturing plant and the flour mills factory, have all floundered. In May, the former governor announced at a public function in Uyo that the 21-storey building is still vacant because of COVID-19. Such a barefaced falsehood!

This why our people are so distrustful of their leaders. They do not want to be deceived the second time in this property business, and that is why they are kicking against the 18-storey development. I understand their position; however, I should emphasize that the government is not always wrong in its investment decisions. In 2019, it launched an airline, Ibom Air, and I was one of those who expressed reservations about its viability. Airline business, I reasoned, is risky, largely unprofitable and difficult to run successfully. Five years on, Ibom Air has become the nation’s favorite domestic carrier and a major source of employment for young people. I understand that the airline has since broken even and is not relying on government to meet its operational expenses. But the government continues to support it in in capital investments like aircraft acquisitions and training of young Akwa Ibom people in aviation careers.

A residential development in Victoria Island should be a huge commercial success, and in this particular case, an abandoned, non-earning asset would be converted into a profitable business transaction. I support it, but it is, however, important to emphasize that if the expected N100 billion proceeds are not well managed, the raging criticisms would have been justified. For one, the proceeds should not be used to pay salaries, wages, pensions or gratuities. The money should be invested in sustainable income-generating and jobs-creating businesses. For instance, Ibom Power plants should be upgraded and made to adequate power to the state. regular supply of electricity will trigger untold multiplier effects. Parts of the proceeds should also be invested in a wealth fund, established by law, for future generations of Akwa Ibom State.

 I enjoin the governor to handle the Lagos investment, and indeed, all others, with utmost transparency and openness; and reject any urge for him and government’s officials to profit from them personally.

For several years now, especially since May, 2023, when it was commissioned by (then) President Muhammadu Buhari, the Dangote Refinery, located in Lekki, Lagos, has remained Nigeria’s only hope for substantial local supply of petrol (Premium Motor Spirit, PMS). This hope became even more desperate from May 29, 2023, when President Bola Ahmed Tinubu, in his inaugural address, announced fuel subsidy removal which was anchored on almost 100 per cent imported PMS.

Sequel to the subsidy removal and kindred economic policies of the Tinubu administration, prices of goods and services in the country hit the rooftop, driving inflation rate to unprecedented levels. From slightly over 22 per cent in May 2023, inflation rate (measured by Consumer Price Index, CPI) has skyrocketed to 34.20 per cent at end-June 2024. PMS which price per liter rose from below N200 in May 2023, to above N700 soon after the subsidy removal, has remained scarce, with the price now ranging between N800 and N1000 per liter in various parts of the country. Fuel scarcity has remained unabated!

In the face of all this, with the economy practically pushed into the doldrums, the hope of PMS from the Dangote Refinery has come to appear forlorn; or, indeed, lost. Since the commissioning of the facility in May 2023, almost every month in the past one year has been proposed/promised as the time the ‘essential commodity’ would start gushing out from taps at the refinery. But rather than the hope being realized, PMS importation has remained the order of the day, with so much scarce foreign exchange (FX) being dissipated by the importers.

On the other hand, in the course of the past one year, the Dangote Refinery itself seem to have been unwittingly enmeshed in twists and turns beyond its control. The critical raw material for the Refinery, namely, crude oil, could no longer be sourced from within Nigeria. The reputed largest producer/exporter of crude oil in Africa, Nigeria, suddenly found itself incapable of supplying crude oil to the local refinery. This bizarre situation got so bad that the management of Dangote Refinery had to accuse the multinationals (international oil companies, IOCs) in the country of ‘organized sabotage.’

Specifically, Devakumar Edwin, Vive-President, oil and gas, at Dangote Industries Limited (DIL) reportedly accused the IOCs in Nigeria of “doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals.” Edwin said the IOCs were deliberately frustrating the refinery’s efforts to buy local crude by jerking up crude oil prices above the market price, thereby forcing it (the refinery) to import crude from countries as far as the United States, with attendant huge costs.

In addition to this, Edwin also lamented the activity of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), which he accused of “granting licenses indiscriminately to marketers to import dirty refined products into the country.” He further lamented that “the Federal Government issued 25 licenses to build refineries and we are the only one that delivered on promise,” saying “in effect, we deserve every support from the Government.”

The DIL chief said: “the IOCs are keen on exporting the raw materials (crude oil) to their home countries, creating employment and wealth for their countries, adding to their GDP, and dumping the expensive refined products into Nigeria, thus making us depend on imported products.” He regretted this scenario, saying that “unfortunately, Nigeria also plays into the hands of the IOCs by continuing to issue import licenses at the expense of our economy.”

Surprisingly, and in spite of these lamentations and serious allegations by the DIL chief, Dangote Refinery had to resort to importing crude oil from very far-flung places like the US and Brazil. Specifically, early in 2024, the 650,000 barrels per day refinery took delivery of about 10 million barrels of West Texas Intermediate (WTI) crude from the US “to offset unreliable domestic supply.” The Refinery has also issued a tender for additional 11 million barrels of US crude oil over the next six months. This new tender, closing on July 21, aims to procure two million barrels per month of WTI Midland crude for the refinery, reputed to be the world’s largest single-train facility, for the next six months, starting from August.

In a tender reported by Bloomberg, Dangote Refinery purchased five million barrels of WTI Midland crude for delivery in the coming months of August and September. Additionally, the company initiated a tender process to acquire an additional six million barrels of US crude for October. Bloomberg has also reported that the Refinery is set to import a cargo of Brazilian crude, to “add to the large number of overseas barrels of crude feedstock that the Nigerian firm imports.”

Obviously, this importation of crude oil by the Dangote Refinery is a vivid pointer to the beleaguered state of the Nigerian hydrocarbon industry. It looks ridiculous, even incredulous, that with Nigeria’s ranking among African crude producers and the Organization of Petroleum Exporting Countries (OPEC), it is yet unable to meet the crude input need of just a few local refineries in the country. And Dangote Refinery is the only one of notable capacity; others are small modular refineries.

Dangote Refinery resorting to importing crude from abroad is portentous for Nigeria. First, it puts a huge question mark on the country’s long-hyped crude oil production/exporting capacity, which gave it high ranking in the hydrocarbon business world. Secondly, the lack of capacity to meet the crude input needs of local refineries exposes the precarious state of the oil sector in Nigeria. In recent times, the oil exploration and production (E & P) business has been buffeted by a myriad of challenges, including the menace of massive oil theft.

Militancy and youth restiveness, coupled with outright sabotage and assets vandalism, have adversely affected E & P over the years in the oil-producing Niger Delta region of the country. Ageing equipment and lack of fresh capital investments have also been the lot of the industry. Also, the long delay in enacting the Petroleum Industry Act (PIA) made most operators to either withhold or divert their investments elsewhere. All these have obviously led to very low production and export volume of crude from Nigeria.

In point of fact, for several years now, Nigeria has been producing and exporting crude far below its allocated OPEC quota. While the oil cartel expects Nigeria to bring about two million barrels per day crude to the global market, the country has hardly been able to produce/supply anything more than 1.3 million barrels per day. The recent exit of most of the IOCs from Nigeria (especially from onshore operations) has also caused some hiccups in the E & P arm of the oil and gas business.

The upshot of all these, perhaps, is manifesting in the dire situation of Dangote Refinery having to depend on crude oil importation for its operations. What may not also have been obvious is the fact that other much smaller refineries (modular) have also not been having reliable/adequate crude supply from within Nigeria. Indeed, it has become quite revealing that much of crude oil produced in Nigeria has been mortgaged in the past couple of years as ‘collateral’ for the Federal Government loans.

Even as the Dangote Refinery’s embarrassing situation of importing crude oil from abroad became public knowledge just recently, the Nigeria National Petroleum Company (NNPC) Limited was reportedly processing another US$2.5 billion oil-backed credit facility for funding its operations. This implies that a large chunk of current oil production has been ‘given out’ to secure loans from multilateral financial institutions.

The import of all these is that Dangote Refinery’s crude oil importation will drive up its cost of operations; and this will ultimately be factored into its pricing of PMS from its plants. Worthy of note also is the fact that the Refinery is located in a free-trade zone, which automatically empowers it (if it chooses) to stick to exporting its products, rather than serving the local market.

The Dangote Refinery is first and foremost a business; and might not choose to serve the Nigerian market with cheap PMS at huge losses. Not after going through the harrowing experience of crude oil importation and scaling willful but insidious hurdles by government and non-government agents in Nigeria. So, cheap fuel from Dangote Refinery might end up a mere wishful thinking. Let’s wait and see!

The author, Okeke, a practising Economist, Business Strategist, Sustainability expert and ex-Chief Economist of Zenith Bank Plc, lives in Lekki, Lagos. He can be reached via: This email address is being protected from spambots. You need JavaScript enabled to view it. (08033075697 SMS only)

Cement distributors in Lagos have stated that prices of the commodity might rise to levels seen earlier in the year during the next dry season when demand increases.  

A review of prices across major cement distribution outlets reveals that prices have remained stable in the past four months following intervention from the federal government and the National Assembly. The price of a 50kg bag of cement ranges from N7,500 to N8,200.  

Speaking on prices of the product, Ms. Halimat, a major cement distributor in Ikorodu said, “Now, we sell Elephant cement at N8,200 per bag and that’s the price for like two to three months now. No big difference between the price for Dangote and Elephant Cement for some time. I think it’s because of government intervention and the rainy season. Normally, demand is low during the rainy season as most construction work stops.”  

Ms. Halimat’s views were confirmed by Mr. Idowu, who not only sells cement but also general building materials. He said that although prices are stable now, they are expected to rise when the dry season comes, and construction work picks up.  

He said, “The drop in demand does not only affect cement but building materials in general but as construction works begin from maybe October or November, we’ll begin to see prices increases- that is how the market usually works but the one early this year was shocking and unexpected. I have been in this business for almost 20 years and I’ve not seen such a quick increase in cement prices. We have learnt now.”  

N8,000 cement prices are not still cheap 

However, another cement seller, Mr Enuwa disagreed that reduced demand for cement was due to the rainy season. According to him, reduced demand was caused by an increase in prices beyond the reach of average people to embark on large scale projects.  

He said, “N8,000 for 50kg of cement is not cheap and that is not a stable price. How many people can build a house or any project at that price? We were selling cement around N5000 per bag this time last year and it increased to around N12,000 but dropping to the current price, that is not stable.”  

He explained that the high prices of cement might deter developers from building at the regular full scale expected during the dry seasons.  

Speaking on the cement price projection for the dry season, an official of the Dangote Group who requested anonymity said there is no reason to believe the opinions of cement distributors on the projected price increase.  

According to him, prices are determined by different factors, not only demand, and it is difficult to project with certainty any increase in prices.  

In his words, “What the distributors are telling you is what they think. It doesn’t mean it will happen. I cannot say for certain what will happen to cement prices when the dry season comes. It depends on different factors, and we have no control over some.” 

Cement price increase earlier in the year 

In February 2024, Nairametrics reported a spike in the price of cement from around N5,000 for 50kg bag to over N10,000 sending panic waves across the construction industry. It took the intervention of the federal government to rein on manufacturers that saw prices drop to N8000 after deliberations between the federal government led by Minister of Works led by Sen. David Umahi.  

Prior to the hike, analysts at Cardinal Stone had projected that cement prices in 2024 would remain high due to the elevated inflationary environment, volatility in the foreign exchange market and high operational cost.   

Nigerian businesses have not had it good with the foreign exchange market in 2024. The naira started the year trading at under N1000/$ and closed the first quarter at N1309/$ despite exchanging for as high as N1600 on the official window during the quarter.  

The Cardinal report then diminished the likelihood of a price war between industry players in response to BUA’s price reduction in October 2023, stating that while it is slim, it is not impossible. It is worth knowing that in October 2023, the Chairman of BUA Group, Abdulsamad Rabiu stated his cement company will peg the price of cement at N3,500. The declaration proved to be mere lip service as neither developers nor distributors were able to buy at that price.  

Impact of cement price increase on the housing sector 

As hinted earlier by Mr. Enuwa, the cement distributor, the impact of the high cement prices could deter developers from starting new projects.

An earlier report by Nairametrics revealed that the 130% increase in building materials has stalled housing projects across the country with builders most hit due to the decline in jobs.  

Furthermore, the increase in building materials like cement has negatively impacted the real estate sector as developers face losses over an unprecedented increase in the cost of building materials which impacts the entire real estate development sector. 

[Nairametrics]

The National Assembly is set to receive an executive bill on the new national minimum wage following an agreement between President Bola Tinubu and labour leaders.

This agreement reached on Thursday during a meeting at the Aso Presidential Villa in Abuja, establishes ₦70,000 as the new minimum wage, replacing the previous ₦30,000, which expired on April 18, 2024.

The meeting, which included the Nigeria Labour Congress (NLC) and the Trade Union Congress of Nigeria (TUC), was led by their respective presidents, Joe Ajaero and Festus Osifo.

The discussions concluded with a consensus on the increased wage, aiming to provide better remuneration for Nigerian workers amidst rising living costs.

The Special Adviser to President Tinubu on Information and Strategy, Bayo Onanuga, confirmed to Punch that the executive bill would be presented to the lawmakers by next week Tuesday.

This legislative move is intended to give legal backing to the agreed-upon minimum wage and facilitate its implementation nationwide.

He said, “The minimum wage will reach the National Assembly by Tuesday. He (President Tinubu) told labour in the meeting that it will be ready by Tuesday.”

Naija News had earlier reported that President Tinubu, while approving the minimum wage on Thursday, promised to review it every three years.

[NaijaNews]

The news of the Supreme Court pronouncement on the financial relationship between state governments and local governments hit everyone like a thunderbolt—the various tiers of government and public affairs enthusiasts, those who pre-occupy themselves with public affairs. Private citizens who occasionally reflect on matters of this nature only in their closets because of its over-arching implications cannot be indifferent. The judgment is seen as weaning off, indeed freeing local governments from the apron strings of the state governments. The Supreme Court reaffirmed the constitutional rights and obligations of local governments, rights state governments had glossed over all of the 25 years since the take off of the Fourth Republic in 1999. They will now have financial autonomy to fulfill statutory obligations to the people in their localities. 

With the Supreme Court ruling last week which lawyers would say has become a case law, financial share of statutory allocations for local councils will be going to them straight from the Central Authority. Governors are divested of power to dissolve elected local council assemblies. Hitherto, a governor could just wake up from a bad dream and send a local government council packing at his whims and caprices and replace the elected officials with handpicked caretakers who owe no allegiance to the community, but to their appointers, the governors. Because such sack sends cold shivers down their spine, local government chairmen advise themselves accordingly. Thus, they became no more than prefects owing their loyalty only to the governors. The result has been that the share of revenue to the councils has been wooly or at best what the state executives dimmed fit, not what councils may statutorily be entitled to collect to develop and maintain their communities. All that is shrouded from the public gaze and enquiries. Doubts then arise in the minds of the public on whether local governments ever have budgets at all. The doubts trigger speculations that in cases there have been allocations councilors, chairmen and officials just gather to share the revenue. True or false, that has been the low esteem in which the councils have been held and the contempt the state authorities have been assailed over their relationship with the local councils. Ask anybody, it is as if local governments do not exist in Nigeria. After Ademola Adeniji Adele, I do not know the name of the chairman of Lagos City Council. In his days Adeniji Adele could be mistaken for the governor of Lagos State. After Chief Michael Adekunle Ajasin, I don’t know the names of the chairmen who had mounted the saddle at Owo in succession to him since 1978. Can it ever be forgotten that Dr. Abubakar Ibiyinka Olorun-Nimbe and Ganiyu Olawale Dawodu were at different times chairmen of Lagos Town Council, Dawodu on the platform of Action Group and Dr. Olorun-Nimbe, on the platform of NCNC? Each would pass as governor of Lagos State in these modern times. What with the Administration that transformed Lagos, building what was then referred to as New Lagos, (Surulere)–the medium and low cost houses there, and which provided public buses with the inscription LMTS,(Lagos Municipal Transport Service) among a string of legacies. In the First Republic, local councils were more visible. They built schools, they paid teachers; they constructed roads. They had Native Authority Police Force (NAPF). 

Last week, the Supreme Court rose admirably to sanitize the hinderances and inadequacies that have bedeviled local government administration in the country. The government of a state and local governments sharing the same umbrella are henceforth to work collaboratively, yet independent of one another. The governors have generally expressed support for the Supreme Court judgment although the last may not have been heard from them. The chairman of their Forum, AbdulRahman AbdulRazaq, Governor of Kwara State, said he and his colleagues would study the judgment and come back. The Governor of Oyo State, Seyi Makinde, could hardly contain his displeasure. He is setting up a committee to look at the judgment. Other fears have been expressed. Former Governor of Delta State, James Ibori, sees the Federal Government remitting money directly to accounts of the local government councils as a set-back in the nation’s march to true federalism. Viewing it as dangerous, he believes very strongly that the judgment adds to the burden of over-centralization of government at a time there is a loud clamour for loosening up and upholding the principles of federalism. 

He refreshes our memory with sections of the Constitution with particular reference to Section 162 (6). This states as follows: “Each state shall maintain a special account to be called ‘state Joint Local Government Account’ into which shall be paid all allocations to the local government councils of the state from the Federation Account and from the Government of the State.” Ibori then said: “The court’s ruling on the matter is an assault on true federalism. The Federal Government has no right to interfere with the administration of Local Governments under any guise whatsoever. There are only two tiers of government in a federal system of government.” He said, yes, it is wrong for states to fiddle with allocations to the Joint Local Government Accounts and he is opposed to it, but he argues, that “does not call for this death knell to the clear provisions of section 162 of the constitution.” Further in his words, “The Supreme Court’s ruling appears to contradict the explicit provisions of the 1999 Constitution. The ruling potentially shifts the balance of power between the Federal Government and the states. By allowing federal intervention in local government finances, it arguably centralizes more power at the federal level, contrary to the principles of federalism. This decision could be seen as an erosion of state autonomy. States are meant to have significant control over their internal affairs, including the administration of local governments, in a federal system.”

Financial independence: “The ruling may impact the financial inependence of states and local governments. If the federal government can directly intervene in local government finances, it could potentially use this as a tool for political leverage”. Ibori sees a precedent being set as “this decision could set a precedent for further federal interventions in areas traditionally reserved for state governance, potentially leading to a more centralized system of government over time. That Local Governments must be democratically elected ‘goes without saying. Yes, I agree. That’s the position of the constitution but withholding their allocation is not the way to go. It’s wrong. In the coming days, we will begin to fully understand the implications of the Supreme Court decision. An assault on the constitution is not the answer to fiddling with the Joint Local Government Account. If the ruling is saying governors cannot tamper, touch or fiddle with the Joint Accounts, that’s fine because they shouldn’t be doing that in the first place. But asking the Federal Government to pay Local Government allocations to the account of the local Government directly will lead to utter chaos and avoidable friction in governance.” Ibori would like the Supreme Court take another look at its decision.

Erstwhile Governor Ibori has made solid points on over-centralization of power. Given the level of our inner maturity which underpins leadership attitude to opposition views and which triggers unconscionable carpet crossing, the sort we are witnessing in Rivers State, a narrow demagogic leader may arise at the centre who may decide to teach a recalcitrant opposition local council a lesson by withholding its allocation in order to cripple it. But then there appears to be some in-built mechanisms to prevent abuse by the Federal executive powers on the issue. What the Constitution Section 162 (2) says is that the President is to lay before the National Assembly proposals for revenue allocation from the Federation Account following which the latter will determine the distribution formula. The tabling before the National Assembly is upon advice from the Revenue Mobilization, Allocation and Fiscal Commission. The same Section, article 3 then states and I quote: “Any any amount standing to the credit of the Federation Account shall be distributed among the Federal, State Governments and the local government councils in each state on such terms and in such manner as may be prescribed by the National Assembly.” The process leaves little or no room for the Executive to withhold the allocation to any state, local council or a group of states and their councils. At every stage, there is input of the National Assembly. It is also pertinent to wonder if the state governors have demonstrated fidelity to the letters and spirit of the Constitution on the administration of local councils in the country.

My take, therefore, is that it is the states that brought the misfortune on themselves with the court ruling scrapping the channel for onward release of local council funds through them. They put in the way of effective local councils devices to hamstring them. If they were remitting the local council share of the revenue to them as and when due and doing so transparently, there would have been no acrimony. No one would have gone to court to bring them to an awakening. In many cases as noted by the court, the funds were withheld, not disbursed to the local councils. The governors did not take a cue from the Federal which publishes its own disbursement month after month, the amount that is shared and what goes to which tier of government. The experience over the years is that a majority of the state governors have been derelict, using funds as instrument of manipulation and power aggrandizement, thus leaving councils and by extension their communities they are expected to serve to suffer. The consequence is that there is hardly evidence of development anywhere. Because local government areas hold no promise for the youths, they flee to towns and cities where they create social problems. The governors have had 25 years to reflect on the rightness or otherwise of withholding of allocations to local councils and dissolving properly constituted councils.

Justice Emmanuel Agim said this much in the Supreme Court leading judgment: “I hold that the states’s retention of the local government funds is unconstitutional. Demands of justice require a progressive interpretation of law. It is the position of this court that the federation can pay LG allocations to the LGs directly or pay them through the states. In this case, since paying them through states has not worked, justice of this case demands that LG allocations from the federation account should henceforth be paid directly to the LGs.” 

It can also only be enheartening that no elected local government council can henceforth be dissolved by governors and only democratically elected local government councils are to be paid and not any longer caretaker committees. The Supreme Court declaration on the vexed issue is “that the state government has no power or control to keep the local government council money or funds”. The court made further declaration barring state governments from dipping hands in the local council public till what Justice Agim called “an order of injunction restraining the defendants (that is state governors) by themselves, agents or privies from spending local government allocation.”

Local government councils are the officials closest to the people in towns and villages, what political pundits are wont to call grassroots and as in other lands, their functions include establishing orderliness in localities through licensing of trucks, bicycles, wheel barrows and canoes. They are charged with construction and maintenance of roads, streets, street lightings, drains and other public highways, parks, gardens and open places. They are supposed to be in charge of provision of public conveniences, sewage and refuse disposal; control and regulation of outdoor advertising, movement and keeping of pets of all description; shops and kiosks; restaurants, bakeries and other places for sale of food to the public and licensing, regulation and control of liquor. They are to collaborate with the State Government with respect to provision and maintenance of primary, adult and vocational education, the development of agriculture and natural resources, other than exploitation of minerals and in the provision and maintenance of health services. These functions are well spelt out in the Fourth Schedule of the Constitutions. In the Western World, it is Mayors that the populace looks up to for their wellbeing and security.

It is a gratifying landmark judgment which the nation had last week for which the Supreme Court and the Federal Attorney General and Minister of Justice, Lateef Fagbemi deserve commendation. Fagbemi’s action was predicated on 27 grounds, asking the Supreme Court to issue an order banning state governors from unilateral, arbitrary and unlawful dissolution of democratically elected local government leaders. The Supreme Court decision points the way to civility, orderliness as well as progress and development in our local government councils. 

The galaxy of stars of the month of July in our firmament

I woke up, turning my gaze up to scan the firmament. What did I see? Bright stars, all, in the month of July. Consider the list, all beaming their rays of their shine to our world. Professor Wole Soyinka: Aremo Olusegun Osoba; Prince Henry Odukomaiya; Chief Ajibola Ogunshola; Professor Olatunji Dare; Prince Nduka Obaigbena; last but not the least, Dr. Stephen M. Lawani. The brightest of the stars and citizen of the universe, Professor Wole Soyinka; he was 90 on 13 July, last Saturday.  It was the day Osoba, ace reporter, editor, Managing Director of the Daily Times, The Herald and Sketch, two times Governor of Ogun State and now political godfather to a great many, set off the waves with the release of his latest book, ‘My Life In The Public Eye’ ahead of his great day which was last Monday, 15 July. He was 85. Unknown to many of us, the day passed quietly, marked privately with members of his family, Prince Henry Odukomaiya, we fondly call editor of editors; pioneer Managing Director of National Concord and pioneer Managing Director of The Champion, was 90 on 10 July. He had his brightest days at the Daily Times. Celebrated columnist with an exceptional mastery of the English language, Professor Olatunji Dare, turned 80 on Wednesday, 17 July. He was chairman/editorial page editor of The Guardian after which he went on lectureship tour of the United States. Before his days at The Guardian, he had been a lecturer at the University of Lagos and chairman of Nigerian Herald at Ilorin. 

Step forward Chief Ajibola Ogunshola, a very thoughtful fellow who is particular about standards and honour. He cannot tolerate carelessness, superficiality or wastage. Here is a glittering testimonial from a well-informed and hard-hitting columnist of The Punch, Abimbola Adelakun last Thursday: “He is a no-nonsense man with high professional standards. He brooked no sloppiness and approached any slack in quality with the sternness of a colonial-era village headmaster. In those days he would scan newspaper piece written by a journalist, make corrections with a red pen, put the copy in a white envelope, and address it to the writer.” In accordance with the Law of Homogeneity, he could only have worked with an executive with similar standards and taste and a workaholic. He found that fellow in Ademola Osinubi as his Managing Director while he was Chairman of The Punch. They transformed the paper and raised it to an enviable height. Ogushola turned 80 on Sunday, 14 July. 

Just as well, next is Dr. Stephen Lawani who with Ogunshola was a university scholar at the University of Ibadan. Both were awarded scholarship by the university at the same time for their brilliance. Lawani read chemistry and Ogunshola mathematics. Because he led his class Lawani got two scholarships to do his doctorate programme, one in Chemistry and the other in Library Science. He elected the latter, drawing from his love of reading. The condition attached to Library Science scholarship was that he would on completion of his studies go back to Nigeria to set up the IITA library at Ibadan. After living IITA he worked in the World Bank in Washington, United States. Lawani is author of five books, the first being Christian and Reincarnation, then Future Societies to mention just two. Lawani was 80 also last week. 

Here is the man we call the Duke! I am referring to none other than Prince Nduka Obaigbena. His credo that unrelentingly drives his spirit is He Who Dares Wins. This was the parting address Prime Minister Margaret Thatcher left with the British troops as they departed to fight Argentina over Falkland Islands in 1982, the engagement that was more known as Forklands War. Obaigbena is an exceedingly resourceful fellow. Gbolabo Ogunsanwo, the late celebrated columnist, was to say to me one day: “If you lock Nduka Obaigbena up in a room, the following day, like a Jew, he would come out with a bomber. There is nothing in his hands that he cannot turn into money if he wants to, squeezing something out of nothingness.” The testimonial says it all about a genius in the publishing world who always thinks out of the box. He is publisher of THISDAY newspaper and owner of Arise News Television which has been announced is live in 54 African countries and viewed in Europe on Sky platform. He turned 65 on Sunday, 14 July. 

I can write a full length article on each of these eminent men, who are our joy and our pride. To do so will take seven weeks, each person per week. Five of the articles will undoubtedly fall out of season. It suffices, therefore, to draw attention to their great days and to invite us all to rise, clink glasses and say hip, hip, hip Hurrah!!! The glowing thread that connects them is writing. There they are, our bright stars up in the firmament!!! Hearty congratulations to all.  

Over the years, I have written about Obi on his birthdays, a tradition stemming from my annual tribute to Dim Chukwuemeka Odumegwu-Ojukwu while he was alive. I celebrate individuals deserving of recognition, those who understand that a person's worth is not measured by wealth amassed but by the positive impact left on the world. This encapsulates our subject, who turns sixty-three today and is making a huge impact on society in diverse forms.

Because of his recognized impact, he is the major topic of discussion among serious and even unserious minds that irritatingly use his name to chase clout on social media platforms. Last month, I had an unexpected encounter with Fr. Jude Onebunne, who teaches philosophy at Nnamdi Azikiwe University and Pope John Paul II Seminary in Okpuno. My discussion with Fr. Onebunne centered on the philosophy of Mr. Peter Obi. Fr. Onebunne shared that he had devoted time to studying Obi and found his philosophical insights compelling. He emphasized the importance of studying Obi's political and existential philosophies, not just for Nigeria but for humanity as a whole. As a lecturer, Fr. Onebunne had begun incorporating Obi's philosophy into his teachings, urging his students to analyse and expound.

Father was absolutely right, and I concurred with him. Just as we discuss Thomism for St. Thomas Aquinas, Aristotelianism for Aristotle, Confucianism for Confucius, and Cartesianism for René Descartes, Obi's philosophies, variously described as “Obism,” “Obinometricism,” and “Okwuteism,” should be distilled into a single term and actively introduced to students, taking on a life of its own in society. Before concluding, he analyzed the names ascribed to Obi's philosophy and noted that “Obinometricism” sounded more like economics than philosophy and should be ceded to economists. The fact is that Father is at work and beckoned others to set out to work as well. I am at work as well. I therefore propose that we term the corpus of Obi’s philosophy “Obimentalism.” We shall come back to that.

Fr. Onebunne clarified that his promotion of Obi's philosophy had nothing to do with Peter Obi as an individual but everything to do with the enduring impact of his life and philosophy on society. “Val, we do not know Plato or Aristotle personally, yet we still study them because their thoughts continue to function actively in society. Peter Obi deserves similar adulation” Fr. Onebunne concluded, while bursting with energy.

Now, who is Peter Obi? If we subject his actions to critical analysis, what philosophy can be gleaned from them? Can we distil a consistent political, ethical and economic philosophy from his engagements? At sixty-three, how do we define him? Who among us is equipped to dissect such a multifaceted man?

From a young age, Obi earned money, starting even in primary school, yet he never let wealth dictate his life. This distinction in business followed him into public office, where service has remained his watchword.

As Governor, his priority was the welfare of the people, driving him to govern differently. He concurrently pursued all sectors and excelled in each. Those close to him marvelled at his capacity for long and intense mental labour. He has remained a volcano of energy and astonishes by the variety and accuracy of his knowledge in philosophy, politics, economics, and life itself. In a nation where governors often leave their states in debt, Obi left unimaginable surpluses - over 75 billion Naira.

We talk about him today and seek to align our ideas with his because, over the years, he has proven, like all great men, to be a man with a mission. Thus, it has not been smooth for him as his whole life has remained a battle—against those who rigged him out, those who impeached him as governor, and those who truncated his tenure. He fights against friends who, at each turn in his battles, want him to compromise his principles or abandon his struggles through the courts in favour of a gentlemanly protest politely established and easily forgotten. He has seen the end of his numerous battles against injustice. He sustains his principles through discipline, manifest freedom from every kind of corruption, and superiority to all considerations of money, which have often allowed him to rise above the baseness of human nature to the erect stature of the self-conquered man. Such a man deserves to be philosophically celebrated!

“Obimentalism!” This is what we shall call it—coined from Obi and development. “Obimentalism” is a philosophy that aims to inspire and guide individuals to become active participants in building a better society, where everyone has access to opportunities and resources to thrive. Is it not a great term to describe Peter Obi's philosophical approach? “Obimentalism” as a philosophy emphasises: O - Opportunities: Creating opportunities for all to thrive. B - Building: Building human capital, infrastructure, and institutions. I - Inclusivity: Promoting social justice, equity, and inclusivity. M - Meritocracy: Rewarding merit and hard work. E - Empowerment: Empowering individuals and communities. N - Noble leadership: Demonstrating noble leadership and good governance. T - Transparency: Ensuring transparency and accountability. A - Accountability: Holding oneself and others accountable. L - Legacy: Building a lasting legacy for future generations. I - Integrity: Upholding integrity and ethical standards. S - Service: Prioritising service to humanity. M - Mentorship: Mentoring and inspiring future leaders.

At this juncture, I join Fr. Onebunne in urging academic philosophers, economists, and political scientists to conduct and encourage thorough research on him. Students should be encouraged to write projects, theses, and dissertations on various aspects of his legacy. Some possible research topics could be: “The Ethics of Prudence: An Analysis of Peter Obi's Fiscal Responsibility,” “The Philosophy of Education: Peter Obi's Vision for Human Capital Development,” “The Politics of Integrity: A Case Study of Peter Obi's Leadership,” “A Philosophical Analysis of Peter Obi's Political Career,” “The Intersection of Politics and Philosophy: Peter Obi's Approach to Development,” “The Virtue of Frugality: An Exploration of Peter Obi's Simple Lifestyle,” “The Ethics of Resource Allocation: Peter Obi's Approach to Budgeting,” “The Ethics of Accountability: Peter Obi's Approach to Transparency and Governance,” among others. This is very possible because, as a postgraduate student, there are few classes in economics, politics, or philosophy where lecturers do not cite Obi’s policies, governance framework, or economic strategies as exemplars. As a student of Prof. Chiyere Stella Okunna, we were given an assignment to use any mass communication principle to analyze Obi's speech at Chatham House. This is exactly what we are advocating. I hope the likes of Dr.Nze U. Nze are taking notes.

Therefore, Obi is a fully researchable subject. More than any Nigerian, he has been the subject of numerous newspaper and journal articles. Even Dr. Ngozi Okonjo-Iweala gave him a chapter in her book. Books written about him unsolicited are legion. In fact, this morning there will be a public presentation of a book titled “Democratic Leadership: Peter Obi and the Passion for a New Nigeria” by Mr. Fred Emeka Eneje in Enugu. A few weeks ago, my very good friend Mr. Sola Fasure drew my attention to a forthcoming book entitled “The Gaullist Obi: Reshaping Nigerian Politics.” In his message, he said, “Val, one of our friends wrote this book and I wish to bring it to your attention…” This is what a good leader garners many years after leaving power. Here is a man who refused to sponsor any book or panegyrics about him while he was governor.

If popularity is measured by the acceptance of one’s policies and way of life across diverse contexts, Obi is undoubtedly one of the most revered individuals globally today. I am aware of how people from all corners seek to associate with him, a testament to his magnetic philosophies deserving of deeper exploration by academia.

In conclusion, Peter Obi’s journey exemplifies a life lived with purpose and unwavering dedication to the common good. As he celebrates his sixty-third birthday, his impact is evident not just in his accomplishments but in the philosophical legacy he has left behind. The concept of "Obimentalism" seeks to capture the essence of his approach to leadership and development, emphasizing the values of opportunity, inclusivity, and integrity. His life's work invites us to delve deeper into his philosophies, encouraging scholars and students alike to explore and analyze the principles that have guided his actions. As Obi continues to inspire and challenge conventional thinking, his legacy serves as a beacon for those committed to building a better, more equitable society. Let us embrace and expand upon this new philosophical framework, ensuring that the lessons from his life contribute meaningfully to the discourse on leadership and development.

Former Vice President Atiku Abubakar has told the National Assembly to stop enabling the recklessness of the executive arm of government, following the Senate’s sacking of Senator Ali Ndume as Majority Whip for criticising President Bola Tinubu’s leadership.

Atiku, who also cited Senator Abdul Ningi’s suspension earlier this year over claims of budget padding, said the health of Nigeria’s democracy is being compromised by the unholy alliance between the executive and the legislature which portends to a dictatorship.

Recall that Ndume from Borno South Senatorial district was replaced with Senator Mohammed Monguno from Borno North as the Senate Majority Whip.

This decision was conveyed through a letter addressed to Senate President Godswill Akpabio, signed by the national chairman of the All Progressives Congress (APC), Dr Abdullahi Ganduje, and the national secretary, Ajibola Bashiru.

The letter, titled “Complaints Against the Unbecoming Utterances of Sen. Ali Ndume,” was read by Akpabio during the plenary session.

Atiku, while reacting to Ndume’s ordeal, said it is uncharitable for senators,  on the floor of the red chamber, to be immediately reprimanded for performing their statutory duty of calling the executive to order.

He said in the evolution of systems of government, the legislative arm of government was conceived as a means of protecting the people from the authoritarian tendencies of wielders of state powers by ensuring the executive does not go overboard in the application of its powers.

The 2023 presidential candidate of Peoples Democratic Party (PDP) said, “Regrettably, however, the democracy in Nigeria in the current administration of President Bola Tinubu has become an anathema to that general principle of democracy as providing primary protection for the people against executive excesses.

“This ugly tendency is being manifested by the steady posturing of our National Assembly, especially the Senate, of taking a reverse course in its core function and becoming a puppet in the hands of the President.

“It is uncharitable that whenever members of the Senate stand on the floor of the red chamber to perform their statutory duty of calling the executive to order, they are immediately reprimanded for doing so.

“When Senator Abdul Ningi called attention of the country to the incident of budget padding in the 2024 Appropriation bill, rather than calling for a thorough investigation into the observation, the reaction of the Senate was to hand him a suspension.”

He added that Nigerians became victims of an ambiguous budget framework upon which appropriations for the current fiscal year are hinged in the face of multiplicity of appropriations.

“Only yesterday, Senator Ali Ndume called for the President to wake up to his responsibilities and provide succour to address the biting hunger and poverty in the country. Ironically, the response of the @NGRSenate to his patriotic warning is to relieve him of his principal office as the Chief Whip of the Senate.”

Atiku said despite persistent solicitations for government to put its priorities on canceling the excruciating hardship in the land and suspend plans of spending scarce resources on the purchase of new aircraft for the presidential fleet, “the Senate took a stand against the people and ignored the voices of altruism by decorating the President with controversial purchases of an aircraft and a yacht amidst the worst material conditions of the average citizen in the history of our country.”

The former Vice President added, “We are, therefore, beginning to see a pattern in which the National Assembly has become an enabler of executive recklessness, and the concerns of the people stand in the nadir of priority list of the legislature.

“This emerging reality must stop. The health of our democracy is being compromised by this unholy alliance between the executive and the legislature and portends a dictatorship that will worsen the lot of the people,” Atiku said.

[Leadership]

The Organised Private Sector of Nigeria (OPSN) has expressed concern over its ability to pay the N70,000 newly approved minimum wage, saying private organisations are over-burdened by high cost of production.

The Director-General, Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde, who spoke on behalf on the body, however, commended the federal government over the approval of the new minimum wage, urging it to put in place reforms that would strengthen private sector to be able to pay.

“While we commend the president for putting to rest the immediate issue of the National Minimum Wage, we also note, most importantly his commitment to support the sub-nationals and the organised private sector to pay the new wage,” he said.

The NECA DG noted that during the consultations with the National Minimum Wage Committee, the OPS expressed concern about its ability to pay the N62,000 recommended by the tripartite committee.

“In fact, the N62,000 was premised on the understanding and agreement by the government representatives that the government will take definite steps to reduce the current economic burden on the organized private sector,” he said.

He pleaded with the federal government to reverse the increase in electricity tariffs, ensure CBN redemption of all outstanding forwards for companies in the productive sector, put a freeze on introduction of new taxes and levies on businesses for the next five years, and provide a duty exemption on imported conversion kits and government subsidy on procurement of same.

“It should be noted that the ability to pay remains a fundamental consideration. The proposed support by the president to organised businesses should be immediately announced to enable businesses to plan effectively,” he said

[DailyTrust]

Former Deputy Governor of the Central Bank of Nigeria, CBN, Kingsley Moghalu, has described the N70,000 minimum wage approved by President Bola Tinubu as a good thing.

Moghalu said the next step after the minimum wage increment should be the review of maximum wages and the lifestyle of the political class.

Posting on X, Moghalu wrote, “Good thing that President @officialABAT has approved a N70,000 minimum wage with a promise to review every 3 years.

“As I had argued in past months, 70K was the barest minimum and not beyond 100K, bearing economic realities in the private sector in mind. Next, can we review the “maximum” wages and lifestyles of the political class, especially @nassnigeria members?”

On Thursday, Tinubu agreed N70,000 new minimum wage increase for Nigerian workers.

The agreement was reached during a meeting with representatives of the Nigeria Labour Congress, NLC, and the Trade Union Congress, TUC.

The president also promised that the federal government would support the sub-national and private sectors to pay the N70,000 minimum wage.

[DailyPost]