Kinsmen of the Minister of Federal Capital Territory, FCT, Nyesom Wike, have appealed to the former governor of the state, Peter Odili, to forgive their brother (Wike) over his recent statement against him (Odili).

DAILY POST recalls that Wike had stated that he restored life to Odili and his family, noting that Odili has no justification to speak against him.

The former governor, Odili, had earlier said that Governor Siminialayi Fubara, has successfully prevented one man from converting the state into his private estate.

Responding to the statement in Port Harcourt, the state capital, a group of Wike’s kinsmen, Initiative for Transparent Strategy and Good Leadership, frowned at the attack by Wike on Odili, stating that it was unnecessary.

President General of the body, Chizy Enyi, who is a kinsman of the Minister of FCT, said it was wrong for Wike to say many unprintable things against Odili.

Enyi expressed concerns that Wike was referring to the same man whom he had declared was responsible for his success in politics.

“Our worry is that this is the same Nyesom Wike, who publicly in a live television said that if not for Sir Dr. Peter Odili and his wife, he could not have made it to be the governor of Rivers State.

“He swore that any day, he would say anything that would make the family of Dr. Odili to cry, that God should not allow him to grow. However, we have come to a realisation that his stock in trade is to say one thing and do another. In the same way, he bragged that he could never be a Minister of the Federal Republic of Nigeria again, and today, what is he?

“It is an obvious fact that the only Rivers man, living and dead, who has wanted to personalise Rivers State as his personal structure, is Nyesom Wike. We are all aware of the issues with the governor of Rivers State, Sir Sim Fubara, and Nyesom Wike is on who is to control the resources and structure of the state,” he said.

Enyi pointed out that Wike has become a showman because despite his duty as a minister, he returns to the state to cause issues, adding that the showmanship is affecting the development of the state.

He, therefore, pleaded with Odili to forgive the minister, stressing that it is Wike that wants to personalize the state.

“Wike’s showmanship is not good for Rivers development. Wike should always know what to say and how to say it. We hold Odili to a high esteem. Wike cannot reduce the golden governor to nothing.

“The showmanship of Nyesom Wike, in trying to be noticed always, has done more harm than good to him. Yet, he does not want to learn his lessons.

“On behalf of Rivers people, Nyesom Wike, inclusive, we apologise to Sir Dr. Peter Odili, the former Golden Governor of Rivers State and his family, as we plead with him to forgive Nyesom Wike, who does not have respect and regard for humanity,” he added.

In 2024, President Bola Ahmed Tinubu’s administration introduced bold reforms to address Nigeria’s long-standing economic and social challenges. 

Key initiatives include approving an increase in the minimum wage from ₦30,000 to ₦70,000 and signing the Student Loan Bill into law, among others. 

Here is a list of the administration’s major policies and actions in 2024: 

1. Minimum Wage Bill: President Tinubu, on 29 July, approved a minimum wage increase from ₦30,000 to ₦70,000, ending months of deliberations between government authorities, labour unions, and the private sector. Following Tinubu’s signing of the bill, several governors have vowed to pay more than ₦70,000 to workers in their states. 

2. Student Loan Bill: President Bola Tinubu, on Wednesday, 3 April 2024, signed into law the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Bill, 2024. The Act seeks to guarantee sustainable higher education and functional skills development for all Nigerian students and youths. The Act also established the Nigerian Education Loan Fund (NELFUND), which provides financial aid to students pursuing higher education in tertiary institutions. 

3. National Anthem Act 2024: On 29 May, President Tinubu signed the National Anthem Act 2024, reinstating “Nigeria, We Hail Thee” as the country’s national anthem. This anthem was originally in use until 1978. 

4. Judicial Office Holders’ Salaries and Allowances Bill: On 13 August, President Tinubu signed a bill to increase the salaries and allowances of judges by 300 per cent. There have been calls for judges’ salaries to be raised. 

5. Electricity Act (Amendment) Bill 2024: Signed into law on 9 February, this bill introduces several reforms to the Nigerian electricity sector. These reforms include: 

Host Community Development: 5% of power-generating companies’ annual operating expenditures will be set aside for infrastructure projects in host communities. 

Transmission System Operator: A new entity responsible for operating, maintaining, and expanding the national grid. 

Open Market Platform: A platform allowing competitive electricity trading among market participants. 

6. Crude-for-naira deal: The Federal Government commenced the sale of crude oil and other refined products in naira on 1 October 2024. The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency announced earlier in September that the Federal Executive Council, under the leadership of President Bola Tinubu, approved the sale of crude to local refineries in naira, along with the corresponding purchase of petroleum products in naira. 

7. LG financial autonomy: On 11 July 2024, the Supreme Court delivered a landmark judgement affirming the financial autonomy of Nigeria’s 774 Local Government Councils. The seven-member panel, led by Justice Mohammed Garba, unanimously upheld a suit brought by the federal government aimed at reinforcing the independence of local governments across the country. 

8. Port Harcourt Refinery: The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, 26 November, announced that the Port Harcourt Refinery has commenced operations. After shutting down for five years, the Port Harcourt Refinery has resumed production of petroleum products.

[TheNation]

The Rivers State Governor, Siminalayi Fubara, has presented N1.188 trillion as a budgetary estimate for the 2025 fiscal year to the State House of Assembly for consideration and approval.

This figure is an increase from the 2024 budget of N800 billion that was presented in 2023 to the Assembly.

Fubara presented the 2025 Appropriation Bill shortly after delivering his address to lawmakers at the Assembly Auditorium, Administrative Block of Government House in Port Harcourt on Monday.

He said the 2025 budget, christened “Budget of Inclusive Growth and Development,” will be implemented to achieve sustainable economic growth and accelerate the development of the state while improving the living standards of all residents.

Fubara explained that with the set-out objectives, the 2025 budget will strengthen the capacity of the state to weather possible external shocks from the volatility of the national economy while building a resilient economy that will advance the collective development and prosperity of the people.

He said, “The total projected revenue for Rivers State for the 2025 fiscal year is N1,188,962,739,932.36.

“Two components of the budget are constituted as follows: Recurrent Expenditure of N462,254,153,418.98; Capital Expenditure of N678,088,433,692.03; Planning Reserve of N35,688,864,931.16; and a closing balance of N12,931,287,890.1935.

“This gives a Recurrent/Capital Expenditure ratio of 44:56%, indicating the sincere commitment of our administration to both infrastructural and human capital development of our people and state.”

The governor said nearly N31 billion has been allocated to support interventions in agricultural development to ease the implementation of a comprehensive agriculture transformation and support programme for Rivers youths in order to significantly resolve issues of youth unemployment and poverty.

He emphasised that the commitment is also to address food insecurity in Rivers State, and provide land preparation, farm inputs, and extension services, including training, tractors, and access to improved seedlings and fertilisers to farmers to enhance their productivity and farm yields.

In education, Governor Fubara assured that his administration will continue to provide access to quality education at all levels, enabling Rivers children to have the knowledge and skills they need to excel in their careers and contribute to the development of the state.

The governor said, “Consequently, we have proposed to spend over N63 billion, representing 9.3% of the budget on education in fiscal year 2025.

“With this, we shall access all outstanding matching grants from the Universal Basic Education Commission to rehabilitate, equip and furnish dilapidated public primary and junior secondary schools, and continue to provide free basic education to our children.

“We will also rehabilitate, equip and furnish as many senior secondary schools as possible across the State, including the provision of new classrooms, perimeter fencing, water and electricity, to provide a conducive environment for effective teaching and learning to take place.

“We shall work with the school-based management boards, administrators, parents and teachers to fix our broken school system, improve enrollments, keep learners in school, promote effective teaching, and improve learning outcomes.”

Fubara said with the proposed N97.750 billion for the health sector, representing 14.4% of the budget, all zonal hospitals, the upgraded neuropsychiatric hospital, and the new general hospital at Rumuigbo under reconstruction will be completed to provide quality and affordable healthcare services to the people of the State.

He also assured of rehabilitating more general hospitals and health centres across the state,  ensuring the procurement of essential drugs, medical supplies and equipment for effective and efficient healthcare delivery, while also providing more infrastructure to strengthen the capacity of the Rivers State University Teaching Hospital for quality, effective, and efficient tertiary healthcare services.

On Road and Transport Infrastructure, Governor Fubara said over N195 billion has been earmarked to complete all ongoing road projects and initiate new ones, support and facilitate the modernisation of the public transport system through necessary incentives to improve the quality of public transportation services in the State.

Fubara assured that all ongoing electrification projects, including delivering transformers and replacing the generator-powered streetlights with solar energy-powered streetlights across Port Harcourt and Obio/Akpor Local Government Areas, will be concluded and restated the determination to ensure the passage of the Rivers State Electricity Market Bill to regulate and open the State’s energy sector for private sector investments in order to achieve energy security and accelerate the industrialization of Rivers State.

He said, “In Social Development and Investments, Mr Speaker, we have proposed to spend N15.4 billion for the social development subsector of our economy to advance youth and gender empowerment, jobs and wealth creation, sports development, and social inclusion.

“We will collaborate with Local Government Councils to establish youth resource and digital transformation centres to enable access to digital tools, Internet services and training programmes for our youths to become economically successful and sufficiently self-reliant.

“We will also continue to support and strengthen the capacity of state-owned sporting teams, especially Rivers United, Rivers Angels, and the Hoopers, to enable them to excel and win more laurels in both national, regional and international contests.”

Fubara, who said the 2025 will be funded from FAAC, Internally Generated Revenue, Statutory Allocations, Mineral Funds, Valued Added Tax, Refunds/Escrow/ECA and others, explained that the 2014 budget performed excellently with the IGR figure hitting N100billion increase over the 2023 figure.

In his speech, the Speaker of Rivers State House of Assembly, Victor Oko-Jumbo, applauded Fubara for recording over N100 billion increase in IGR, which he said shows a high level of transparency and accountability in governance, with the plugging of financial leakage, adding that it is also a testament to how attractive Rivers investment climate has become.

Oko-Jumbo pledged the continual support of the Legislature to the executive to ensure that the governor remains focused, sustains financial prudence, delivers democratic dividends, and to make life better for the people.

[Punch]

As the New Year approaches, it’s the perfect time to reflect on how you lived your life and get ready for a fresh start to create a purposeful and fulfilling year.

Here are five essential things to consider before stepping into the New Year:

1. Prioritise your self-care

As you start the New Year, taking care of yourself should be your first priority. Examine your present self-care routines, noting what worked and what didn’t, and make plans for improvement. This could entail establishing a consistent exercise schedule, engaging in mindfulness or meditation, eating a healthy diet, or just finding more time for leisure and hobbies. Making your health a top priority lays a solid basis for confronting the upcoming year.

2. Financial planning

Your general well-being is greatly influenced by your financial situation. Review your present financial status, taking into account your debt, savings, and spending. Establish attainable financial objectives, such as budgeting, emergency savings, or investment planning. Careful financial planning offers security for the upcoming months and lessens stress.

3. Organise and clean your space

A neat and tidy environment enhances clarity of thought. Make use of this opportunity to tidy and arrange your house, office, and even digital documents. Get rid of things you don’t need, clear out your inbox, and organize your living space. A neat and orderly workspace not only increases output but also fosters a successful, peaceful environment.

4. Set goals for the New Year

The New Year provides a fresh start for making plans and objectives. Make sure your objectives are clear, measurable, and achievable, whether they are artistic, professional, or personal. To make them easier to achieve, break them down into smaller steps (short and long-term goals). Establishing specific goals gives you focus and inspiration to keep going all year long.

5. Evaluate relationships

The basis of happiness and pleasure is relationships. Think about the relationships you have in your life, both personal and professional. Determine which relationships make you happy and supportive, and then consider how you may strengthen them. On the other hand, think about removing yourself from relationships that are exhausting or harmful. Make an effort to develop meaningful relationships that improve your life.

Organising your home, prioritizing self-care, creating goals, budgeting your finances, and assessing your relationships are five factors that can help you start the New Year with clarity, purpose, and positivity.

Make sure the upcoming year is one of success, balance, and progress by taking the time to think things through and get ready. Make next year the best for yourself.

Vanguard News

Enyimba FC have confirmed the signing of Brown Ideye, former Super Eagles striker. 

The club announced the deal in a post on its X account on Monday.

Ideye, who has been without a club since leaving Kuwait’s Al Yarmouk in 2022, will wear the number 34 jersey at Enyimba.

“We are delighted to officially announce the addition of former Super Eagles Striker, Brown Ideye to our fold,” the tweet reads.

“We are expectant of the experience & professionalism he will add to our game/quest in our remaining games, this season especially under the new gaffer.”

Enyimba had recently parted ways with Yemi Olanrewaju as the club’s head coach after a nine-game winless run.

A more experienced Stanley Eguma immediately replaced the 32-year-old at the helm of the Peoples Elephant affair.

Ideye’s acquisition underscores Enyimba’s intention for the second half of the Nigeria Premier Football League (NPFL) season and their continental campaign in the CAF Confederation Cup.

Ideye will return to the NPFL after 17 years. He played for the Ocean Boys in 2006 before leaving for Europe.

The 36-year-old was integral to the Super Eagles squad that won the African Cup of Nations (AFCON) in 2013.

[TheCable]

The Federal Government has confirmed Saudi Arabia’s SALIC International Investment Company’s acquisition of a 35.43% stake in Olam Agri Holdings for a substantial $1.24 billion, marking a significant boost to Nigeria’s agricultural and livestock sector.

Minister of Finance Wale Edun made this announcement following a meeting with President Bola Tinubu in Lagos, emphasizing the administration’s commitment to fostering a stable macroeconomic environment that attracts high-value foreign investments.

“You all know and we all heard that Saudi Arabia, the Saudi Agriculture and Livestock Investment Company, had just around the 23rd of December increased its investment in Olam by a $1.2 billion additional investment,” Edun stated. “It’s that type of transaction that Mr. President has taken the steps of stabilizing the Nigerian macro-economic environment to encourage.” 

The deal, which closed on December 23, 2024, values Olam Agri Holdings at $3.5 billion. Olam Group retains a controlling 64.57% stake in the agricultural unit. The transaction, initially announced in March 2022, solidifies Olam Agri’s position as a key player in global agriculture while opening up new opportunities for Nigeria’s livestock industry.

As part of the agreement, Olam Agri and SALIC have established a Strategic Supply & Cooperation Agreement. This partnership aims to expand Olam’s footprint in the Middle Eastern markets while leveraging SALIC’s expertise in livestock and agriculture to strengthen Nigeria’s agricultural exports.

Industry experts have hailed the transaction as a milestone for Nigeria’s agricultural sector, noting its potential to enhance food security, drive foreign exchange earnings, and create employment opportunities. The strategic partnership is expected to foster technology transfer, improve farming techniques, and introduce innovative solutions to Nigeria’s livestock and broader agricultural value chains.

Backstory 

Last week, Edun led a delegation to the Kingdom of Saudi Arabia on behalf of President Bola Tinubu and the Presidential Economic Coordination Council to strengthen the economic partnership, focusing on enhancing export credit, insurance frameworks, and market access between the two nations.

• During the visit, the delegation engaged in high-level discussions with Saudi EXIM Bank, focusing on developing export credit and insurance frameworks, and expanding market access between the two nations.
• According to a statement issued by the delegation, the Saudi EXIM Bank expressed interest in deepening relationships with Nigerian institutions and participating in future transactions involving Saudi government entities.

“Additionally, the delegation held strategic talks with the Saudi Development Fund to explore potential areas of collaboration aimed at boosting infrastructure and economic development in Nigeria. The delegation also met with the Saudi Agricultural and Livestock Investment Company (SALIC) to advance ongoing conversations about their investments in Nigeria,” the statement noted.

[Nairametrics]

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, announced this development on Monday.

During his visit to the facility earlier today, Kyari, who was addressing a team on the tour, said: “We are taking you through our plant. This plant is running. It is not 100 percent. We are still in the process. Many people think these things are not real. They think real things are not possible in this country. We want you to see that this is real.”

Among the tour team was the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive Officer Farouk Ahmen.

“I must congratulate our team for their determination and extreme belief that this company can restart this plant.

“This has brought the result we are seeing in collaboration with our contractors. We have proved that it is possible to restart a plant that you deliberately shut down. We have proved this.

“This plant has three stages. We have started stage one which is called Area 1, able to produce AGO (diesel), Kerosene, naphtha and others. These are brands of high-quality products required in the country. We will also be able to export them. This country will make money to meet the promises of Mr president that this country will be an exporter of petroleum products.

“I must put on record the development was as a result of the charge by Mr President that we must get all three refineries to work. It is already happening. We have successfully started the Port Harcourt 65, 000 barrels per day refinery. We have also started the area 1 of the Warri refinery. The other plants that will produce PMS will also come live.

“Kaduna is also on stream. We are not going to give you a date but we will surprise you,” Kyari further remarked.

Situated in Ekpan, Uwvie, and Ubeji, Warri, the Petrochemical plant has an annual production capacity of 13,000 million tons of polypropylene and 18,000 million tons of carbon black.

Established in 1978 and operated by the NNPCL, the WRPC was designed to cater to the markets in the southern and southwestern regions of Nigeria.

As per the statement from NNPCL spokesperson Olufemi Soneye, the mechanical completion of the facility was initially projected for the first quarter of this year.

“Warri should be done by Q1 (first quarter) 2024,” Soneye stated.

The other two include the old and new Port Harcourt Refining Company in Rivers State and the Kaduna Refining and Petrochemical Company in Kaduna State.

The development came following the recent commencement of crude refining at the old Port Harcourt Refinery.

Naija News recalls that in a statement released in November 2024, through his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all Nigerian refineries and expresses gratitude to the African Export-Import Bank for its confidence in financing this critical project.

Tinubu also commends the leadership of NNPC Limited’s Group Chief Executive Officer, Mele Kyari, for his unwavering dedication and commitment to overcoming challenges and achieving the new milestone.

President Tinubu directed that with the successful revival of the Port Harcourt refinery, NNPC Limited should expedite the scheduled reactivation of both the second Port Harcourt refinery and the Warri and Kaduna refineries.

The statement added, “These efforts will significantly enhance domestic production capacity alongside the contributions of privately-owned refineries and make our country a major energy hub, with the gas sector also enjoying unprecedented attention by the administration.

“The President underscores his administration’s determination to repair the nation’s refineries, aiming to eradicate the disheartening perception of Nigeria as a major crude oil producer that lacks the ability to refine its own resources for domestic consumption.

“Highlighting the values of patience, integrity, and accountability in the rebuilding of the nation’s infrastructure, President Tinubu calls upon individuals, institutions, and citizens entrusted with responsibilities to maintain focus and uphold trust in their service to the nation.

“In alignment with the Renewed Hope Agenda focused on shared economic prosperity for all, the President reaffirms his administration’s commitment to achieving energy sufficiency, enhancing energy security, and boosting export capacity for Nigeria.”

[NaijaNews]

Letter writing may be a lost art in this digital age, yet there are moments when the weight of reflection demands the intimacy of a letter. So, dear 2024, consider this a heartfelt note from a Nigerian seeking to encapsulate the whirlwind of emotions, events, and transformations that have unfolded over the past twelve months. As I pen down these words, I do so with the awareness that you are not an ordinary year. Your arrival brought hope, but as the days rolled, that hope was replaced with hardship, struggle,  perseverance and lessons. 

In this letter, as tricky as it may be, I will attempt to recount the key events that shaped you – the milestones that defined not only my life but the collective experience of a nation grappling with economic hardship, political uncertainty, and social upheaval. Nigeria stands at a crossroads, and you will be remembered as a year that tested our spirit and resolve. This is not just a recollection of facts but a narrative of survival in a land where, at times, the future seemed uncertain.

You were, indeed harsh, but we, the Nigerian people, have shown remarkable resilience and perseverance. Despite the economic hardships you brought, with inflation, unemployment, and rising living costs affecting all, we have stood strong. Your visitation of economic hardships worsened by 34-40% inflation rate and supply chain disruptions, an embarrassing unemployment rate of 40%, and rising living costs affected both the high and the low. Almost all households felt your pinch. Nigeria’s food inflation rate rose to close to  40% by mid-year, pushing millions into poverty. National Bureau of Statistics reports indicated that over 71 million Nigerians faced food insecurity by the third quarter. The exchange rate rose by over 60%. Yet, amid these challenges, the Nigerian people showed remarkable resilience and perseverance.

To put it into context, essential commodities such as rice, maize, and garri doubled in price within months. The petrol price fluctuated between ₦700 to ₦1200 per litre, severely impacting transportation and logistics. Even sachet water, popularly called ‘pure water’, became a luxury for many, reflecting the depth of economic strain. You made our economic thinkers and planners look clueless. Thank God we, the people, showed understanding with them.

You brought needless political contentions –the Rivers crisis, contentious elections in Edo and Ondo states, the Kano Emir drama, the Old-New-Old national anthem, and “Endbadgovernance”demonstrations. An attempt to reform our tax system highlighted our stubborn ethnic fault lines. You were not short of drama, both relevant and irrelevant. The reinstatement of the old national anthem left citizens divided, as critics viewed it as distracting from pressing governance issues. However, amid these contentions, the Nigerian people stood united, showing remarkable solidarity. Despite the divisive nature of  some of these events, we have remained a united front.

Poverty and hunger became our companions, resulting in three deadly stampedes during palliative distributions in Oyo, Anambra, and the Federal Capital Territory (FCT), leaving no fewer than 60 people dead. Unemployment among the youth reached over 45%, with many university graduates resorting to menial jobs or leaving the country in search of greener pastures, contributing to the ongoing ‘Japa’ wave.

At the global scene, you delivered historic elections and global unrest. People in more than 60 countries—representing almost 50 per cent of the world’s population—went to the polls during the year. Voters in Mexico and the United Kingdom picked new leaders, while a former U.S. president was invited by voters back to the White House. In Nigeria, voter turnout in local elections dipped to a record low of 28%, reflecting growing disillusionment with governance. This disinterest was amplified by widespread insecurity, with over 1,500 reported cases of abduction and banditry disrupting daily life. Villages in Zamfara, Kaduna, and Borno faced relentless attacks, forcing thousands into internally displaced persons (IDP) camps. “Lakurawa” gained a strong foothold in parts of North-West states. 

Some strange things happened that we did not foresee. Greece extended adoption rights to same-sex couples, and Thailand legalised same-sex marriage, becoming the first country in Southeast Asia to do so. You gave LGBTQ+ rights activists something to celebrate. This felt strange in this part of the world, where same-sex relations remain criminalised, and social acceptance lags far behind. In Nigeria, lawmakers intensified efforts to uphold conservative values, with proposed bills aimed at further restricting LGBTQ+ rights. The disparity in cultural values highlighted the widening gap between regions of the world, reflecting the complex layers of societal evolution.

You saw the world in turmoil, and the Russian vs Ukraine war continued unabated. This war brought about lots of military posturing, leading some to fear nuclear conflict between Russia and NATO. The conflict between Israel, Hamas, and Iran ramped up to greater heights. The Middle East is in commotion, with the war extending to Lebanon and Israel vowing not to stop until it wipes Hamas and Hezbollah out. Iran has shown its willingness to confront Israel, framing itself as the watchdog of the Middle East against Israel’s aggression. 

You also witnessed the collapse of the Assad regime in Syria, raising fears of extremist groups seizing power. Reports from the UN suggested that over 300,000 Syrian refugees fled to neighbouring countries by year-end, adding to the growing refugee crisis.

But amid it all, you allowed some of my compatriots to think and look at things differently, to learn that hard work does not kill and bad governance is for a season. Despite the odds, small businesses grew by 7% in sectors like agriculture and technology, offering a glimmer of hope. Despite the increase in tariffs and persistent collapse of the national grid, there has been a marginal improvement in power output in homes and factories. 

The healthcare sector witnessed significant transformation in the past few months of 2024 because of incisive, superlative reforms and programmes. So far, 53,000 health workers have been re-trained—an impressive number—to deliver integrated, high-quality services. The Maternal and Newborn Mortality Reduction Initiative, which offers free caesarean sections to all eligible Nigerian women meeting the criteria, and the Nigeria Climate Change and Health Vulnerability and Adaptation (V&A) Assessment Report were launched. These initiatives represent a step forward in our healthcare system, offering hope for the future.

Your successor, 2025, is shaping up to be quite the mixed bag — it’s like the year is expecting a baby, but no one knows if it’ll be a bundle of joy or a handful of trouble. Nigeria is trying really hard to stop putting all its eggs in the oil basket. There’s a lot of noise about agriculture, tech, and manufacturing stepping up. With this African Continental Free Trade Agreement (AfCFTA) getting more action, we might see Nigeria flexing as West Africa’s trade big brother. 

But let’s be honest — oil and gas aren’t going anywhere anytime soon. The Dangote Refinery finally kicking into gear might help us cut down on those expensive imported petroleum products. If it plays out right, that could mean fewer trade deficits and more jobs, which we desperately need. But you know how it is with oil — prices are like Lagos traffic, unpredictable and everywhere. Plus, the world’s moving towards greener energy, so we’ve got to figure out how to keep the money flowing long-term.

Now, on the money front, I won’t sugarcoat it. Inflation and the exchange rate will probably keep dancing around, and not in a fun way. The Central Bank will try to keep things under control, but they’ll need serious foreign investment and more non-oil exports to make it work. The tech space is looking exciting, though. With all these young, sharp minds and everyone glued to their phones, Lagos and Abuja are becoming mini–Silicon Valley — fintech, e-commerce, aggrotech, you name it.

Politically, Nigerians are still out here demanding real change. Anti-corruption will stay a hot topic — we’re all tired of the same old stories. There’s also this growing pressure for electoral reforms and better public services. Civil society is getting louder, and I’m here for it. But security? Whew. That’s going to be a big one. Between insurgency in the Northeast, banditry up North, and secessionist noise in the Southeast, the government has its hands full. It will take more than military action — they must dig into why these issues keep popping up.

On top of that, some states are pushing harder for more control over their resources and policies. The whole decentralisation and restructuring debate might heat up. Meanwhile, you can bet politicians are already gearing up for 2027. Alliances will shift — it’s like watching chess, but with higher stakes.

Look, Nigeria has its share of problems—inequality, environmental issues, governance struggles. But the potential? It’s huge. We’ve got the people and the energy, and if we can channel it right, the sky’s the limit.

 Here’s hoping 2025 is more of a blessing than a headache.

As I look ahead to 2025, I do so with cautious optimism. While the road ahead remains uncertain, I am reminded that even in the darkest of times, resilience shines through. So, to everything we have passed through, thank you, 2024, for setting us free. 2025, if you’re reading, please be more liberal to us as a nation and as a people. May our leaders listen more and apply more wisdom. May 2025 usher in real  hope, stability, and progress for Nigeria and the world.

Wishing Nigerians a happy, peaceful, and prosperous new year.

DAP . 

I was at the brink of tears as I stayed glued to the television watching the maiden media chat of our beloved President and Commander-in-Chief of the Armed and “Non-armed” Forces of the Federal Republic of Nigeria, Bola Ahmed Tinubu. I was impressed by the calm disposition of the President with the confidence and brilliance he exuded as he answered a barrage of questions from journalists paraded at the event. Hidden behind this self-assured mien is a seemingly troubled conscience, because he was aware his responses were at variance with the facts on ground. His responses failed to address the undercurrents. Our man just kept applying the typical bravado to give impression of being atop of the situation.

“I am not reducing my cabinet strength” was an emphatical statement. A solid proof of someone well prepared and positioned for the job. It was not the type of the political gimmick employed earlier in the contest for the coveted seat of Emilokan (it’s my turn), rather, the chat was positioned to prove that everything was cut and dry – the task, indeed, was to demonstrate governance skills and stamp that into our subconsciousness. The political craftsman deftly defended his life – suffocating reforms on which he scored himself high. No doubt, some of the reforms were well thought out and the anchormen are adjudged as round pegs in round holes. But Mr. President was far from blowing our minds when he gave his workmen hundred percent score as if everything is working fine. He cleverly downplayed the multiple impact on the already overstretched and happing populace beaten blue and black by the masses – unfriendly policy. It is apposite to argue that the political elite are insulated from the ‘sacrifice to survive’ proselytization of the President as they continue to enjoy perks of office, without batting an eyelid. But the attendant results are emotional pains endured by the defenseless citizens in addition to the economic quagmire, with no immediate remedy. Our President gloated with ease when he disclosed that he saw one of his friends who had five limousine cars and abandoned the exotic rides for Honda series. I am sure as he knows and acknowledged that it was a bad turn of events when he as our leader, cruises around with multi-billion limos with retinue of back – up vehicles and long convoy being maintained with public funds. Could that be said to be leadership by example? Yet, people must bear, people must endure and must sacrifice while those elected by their franchise move around publicly insulting sensibilities with calculated affronts, without recourse to decorum as public officers to demonstrate what they are forcing down the throat of the masses.

To a large extent, the media chat was aimed to further demonstrate that our leaders are special breed created to enjoy the life of a royalty while superintending pauperized subjects confined to misery, in a supposed attempt to clean up the stable.

Just as if to prove the President wrong, video clips of the economic affliction in the country emerged on social media showing about 2 kilometres long queue in front of the “Aso-Villa extension” in Lagos – the Bourdillion House, lined up with poverty – stricken, ‘well-dressed’ beggars angling for food handouts at the President’s home on the eve of Xmas, while our leader was busy lashing out at the organizers of the stampedes in Ibadan, Okija and Abuja, for failing to emplace adequate measures to secure and control the crowd. The Bourdillon clips reflected meticulous straight lines enforced by a retinue of law enforcement officials maintained by the public treasury over the years, and not because of astutely crafted ingenuity or organizational ability of officials, but the manipulation of state craft to massage personal ego.

One needs to ask an honest question from the. President – Are you not embarrassed with the long queues – two kilometres with more of people begging at your gate? Or do you consider it a thing of pride that your home is under siege by able bodied men and women, striped of their dignity by an unjust political-economic system? A country whose prospective productive assets are daily enlisting as scavengers, fraudsters and nuisance to the society?

Hapless and hopeless Nigerians who live their days on earth as “accursed” citizens begging for foods on Xmas eve! I wish to submit sir, that it is not normal. Rather it a national shame of immense magnitude! It is absurd as it is offensive against humanity! Palliatives have never served as remedy for instituted suffering or fertiliser to grow economy. It is rather a depressant with down-scaling implications.

Therefore, when the cabinet foot soldiers were given clean bill of health as performers, it leaves a sour taste in the mouth of an average right-thinking person. And that hangs on our commander’s neck as baggage of verifiable lies and narration of immense contestation. Mr. President, this write-up is not out to contest the validity of your submission but to point out the dark spots on government policies that require deliberate effort to reduce hardship and handouts dependency by “commoners”, on the elites in the society. These are the home truths that can stand your “renewed hope” slogan in good stead. Of course, truth is usually a difficult medicine to swallow. As a team leader, your failure to acknowledge your administration’s shortcomings, is tantamount to grandiose self-adulation. Deliberately sir, I avoided using the word Ministers, aides, and all of that but preferred to encapsulate all as cabinet’s foot soldiers to extend my reach even to the intelligence community and other service sectors, in my critiques. The adoption of foot soldiers seemed suitable for this discourse while some of your portfolio men and women need to be re-assessed. Some are with abysmal scorecards. Sadly, our mediamen at the parley failed in their duty to interrogate issues as diligently as required, and to situate in proper context. Instead, they allowed the window dressing to continue throughout the 60 minutes parley. They missed the privilege thrown at them by the host.

Imagine, how can it be a good day for any sensible official to say he feels good for borrowing to invest in the capital market from the excess production that we have? It has never been that bad as a nation, for a government to celebrate foreign loan to finance a project that should be financed from within? I am in a strait to understand the logic. Though I’m not an economist, elementary arithmetic allows me to know that when developed countries borrow, they often do so from within. I was made to understand that they borrow from their own currency. Though,, I’m not averse to our nation borrowing from the currency they issued. What I am unsettled with is the tendency to go borrow foreign currency to feed. This malevolent practice portends great danger to our economy and is an ominous sign of future crisis. Yes, it can be secretly done, but you don’t gleefully announce such a deal. That runs counter to good sense, if any. If someone is sick and in need of blood infusion, and friends rally round to help, you do well to appreciate them, without eulogizing it as the best day of your life.
Herein is my submission. This administration needs to run an economy in such a way that we can generate capital for ourselves. There are visible steps in this direction. Unfortunately, I think the finance anchorman looks uncoordinated. Even though he is supposed to be the coordinator of the economy, he seems not coordinated, that is by my assessment. I believe if they coordinate well and work with the human and material resources in the country, we should be able to generate wealth from within. This is the defect I observe in this government which they may find difficult to accept. Simply because they feel they are in a vintage position to understand the nuances of the economy policies.

On the average, the shift from Presidential aloof-ment to Nigerians in the last one and half year to friendly chat is a good sign that we are being engaged as joint stakeholders. Mr. President was on track when he confirmed that the fight against corruption is a difficult task. And the refrain from this is the euphoric phrase adapted from the civil war slogan of General Yakubu Gowon- “it is a task that must be done”. In his word: “corruption cannot be totally eradicated, but shall be reduced to barest minimum”. This submission is commendably forthright, as nowhere in the world is corruption wiped out completely. The best in any circumstance is to tame it. Give it to BAT, he brought on board men committed to the anti-corruption war, as the helmsmen of the two anti-graft agencies have shown they are committed to the work but the big question is, is the environment conducive for the battle with economic criminals in all shades and forms? Besides these two aforementioned anti-corruption czars, is there any indication that government leaders at every level including the President himself are genuinely committed to lead the war by unreserved support for the anti- corruption war and personal example? How about the underhand dealings still witnessed at the legislature and other critical institutions of the state?

A genuine anti corruption war should harbor no sacred cow either at the executive, legislature, or the judiciary. Corruption enablers in Nigeria have to be incapacitated and obsolete laws must be obliterated and expunged from our law books. Presidential control of anti-graft agencies constitutes an anomaly. It should be relinquished. The legal profession should be sanitised and sanctions should be served to erring lawyers seen to be circumventing justice for corruption offenders either in public or private sector. The plea bargaining is a major energizer of corruption. It needs to stop. The civil service must be told in unambiguous terms that it’s no longer business as usual.

Capital punishment must be meted in form of “Ghana and China” punitive measures. This will send jitters down the spine of those who consider the anti-corruption war a child’s play.

Energy sector is another area that deserves attention – the incessant collapse of our national grid. I often wonder how my country survives on the epileptic power supply. The generalised comments by the President that the government is cruising fine is not only a mockery of our situation but a grossly dishonest statement. How could that be related to the several industries relocating from Nigeria because of the unbearable high cost of operations while small scale businesses are winding up daily? And yet things are okay and well, says our leader and President. It is in our best interest to speak well of our country but as it were, we are yet to see the green light.

On security, I’m sure no one is interested in chasing shadows or probing any of the security chiefs. What we look forward to is a security architecture that protects lives and properties in the country. A situation where our defense budget has no significant impact on improving our security situation is highly concerning. Our dear President, we deserve and demand for a more honest and transparent governance than what you have given since assumption of office. These should really be our take home from the chat, my sincere apologies, sir.

Lanre Ogundipe
Public Affairs Analyst,
Former President Nigeria and African Union of Journalists writes from Abuja.