Nyesom Wike, the Minister of the Federal Capital Territory, has recently been embroiled in political disputes, frequently invoking President Bola Tinubu’s name in his conflicts with political opponents. Wike accused former Rivers State Governor Peter Odili of encouraging Governor Siminalayi Fubara to disobey Tinubu, blaming Odili for the breakdown of a peace agreement brokered by Tinubu in 2023. The peace deal was aimed at resolving political tensions in Rivers State but fell apart, with Wike claiming that Odili influenced Fubara against the President’s directives.

The rift between Wike and Fubara has grown over time, with Wike alleging that he has been wrongly accused of attempting to convert Rivers State into his personal estate. Wike defended his legacy, stating that his administration transformed Rivers State into a medical hub for the South-South region and emphasized that he remains the best governor the state has ever had. He accused Odili of misleading people for personal interests and stated that he would not apologize for his comments.

Wike’s habit of bringing Tinubu into his political battles has become a recurring and concerning pattern. He often invokes the President’s name to justify his actions, claiming loyalty to Tinubu as a shield for his political maneuverings. Wike openly admitted to working against the People’s Democratic Party (PDP) during the 2023 elections, opposing the party’s presidential candidate, to support Tinubu. While Wike argued that his decision was driven by the need to support a Southern president, the reality is that this rationale has since been overshadowed by his ongoing personal vendettas. Wike, wait for the next election to test your political relevance. Leave Tinubu out of your pains, grievances, and self-inflicted fights. Instead, he continues to seek validation through relentless, and often petty, political confrontations. His actions suggest a deeper issue—an inability to let go and accept the reality of governance shifting away from his influence in Rivers State especially.

Wike’s confrontations extend beyond his conflict with Governor Fubara. He is also fighting some governors who support Fubara, a female senator representing the FCT, prominent PDP stakeholders, and respected elders in his state. Wike has been known to oppose anyone who tells him he cannot control everything. His persistent attempts to maintain control over Fubara, even after leaving office as governor, reflect his desire to wield influence indefinitely. Despite his departure from office, Wike continues to assert dominance, often bringing Tinubu’s name into his disputes.

For far too long, public perception has been that Wike was using the police and the judiciary to fight Governor Fubara. However, as of today, both institutions have decided to follow the rule of law, shifting the balance of power in the ongoing conflict. This development highlights the importance of adhering to lawful processes in resolving political disputes.

As a psychologist, I cannot diagnose Wike without a formal assessment, but from media observations, he appears to be a man who is angry, jealous, and possibly obsessed. His actions raise significant concerns, as he consistently reacts to Governor Fubara’s movements across Rivers State. Whenever Fubara addresses state matters, celebrates a project, visits an elder, or even attends a church service to thank the people for their ongoing support, Wike follows up with a similar action. He leaves Abuja, where he resides and works, to counter Fubara’s engagements in Rivers State. This disturbing pattern could suggest a deep-seated need for control and validation. It raises the question: what is driving Wike’s behavior? Is he threatened by Fubara’s growing influence or simply unable to relinquish his grip on power in Rivers State? This obsessive pattern cannot be dismissed lightly.

What makes this behavior even more alarming is Wike’s tendency to drag President Tinubu into these petty battles. He seems to wield Tinubu’s name as a shield and a weapon in his quest to undermine Fubara. It’s a classic case of using higher authority to mask personal insecurity. Wike fails to see that Tinubu is preoccupied with addressing Nigeria’s pressing challenges—economic recovery, national unity, and infrastructural development. Tinubu does not have time for Wike’s personal vendettas, yet Wike continuously forces the President’s name into irrelevant conflicts, distorting the focus of governance.

Wike’s fixation on undermining Fubara has reached embarrassing levels. Even routine events such as Fubara’s church visits or interactions with local communities seem to provoke a competitive response from Wike. He cannot seem to bear the idea of Fubara receiving praise or support without immediately attempting to overshadow him. It appears Wike cannot tolerate being out of the spotlight for even a moment.

The public has grown weary of these antics. Nigerians are facing serious hardships—rising inflation, unemployment, insecurity, and economic instability. Tinubu is navigating these challenges by working across regions, party lines, and religious divides to foster unity and development. In contrast, Wike’s behavior is self-serving, driven by an inflated ego and a desire to control Rivers State from the shadows. His actions serve no one but himself and are increasingly viewed as a distraction from the real issues affecting ordinary citizens.

It is important to note that Tinubu appointed Wike as FCT Minister after reports that Wike helped Tinubu secure electoral victory in Rivers State by any means necessary. However, Nigeria is now grappling with significant economic challenges, and the President is focused on addressing these issues. Tinubu is working tirelessly across regions, party lines, and religious divides to bring about positive change and improve the lives of Nigerians.

Wike’s behavior also reveals a man who is trapped in the past, still viewing governance through the lens of his own tenure. He refuses to accept that Rivers State has moved on under Fubara’s leadership. His inability to relinquish control signifies a deeper problem of entitlement, where he believes that his influence must remain unchallenged. This obsession with power blinds him to the real needs of the people he once governed, reducing his legacy to one of constant disruption and political sabotage.

While Tinubu remains committed to national development, Wike, even in 2025, appears to be more focused on promoting his own agenda. His actions are still sentimentally centered around himself, rather than the broader needs of the country. Wike must recognize that Nigeria is dealing with critical issues, and the President is making efforts to unify the nation and foster growth across all sectors and regions. It is imperative for political leaders to support these efforts and move beyond personal interests for the greater good of the country.

Wike’s repeated attempts to overshadow Fubara point to a fragile ego that cannot stand seeing others succeed. It’s a classic case of political insecurity, where one man’s inability to relinquish power is threatening the stability of an entire state. Wike needs to understand that leadership is not about perpetual control but about nurturing growth and progress for future generations. His ongoing interference is not only detrimental to Rivers State but also diminishes his standing on the national stage.

While Wike continues to bring Tinubu’s name into his political fights, the President remains focused on national development and promoting progress across all regions of Nigeria. Tinubu recently visited Enugu State, marking his first official trip to the state since assuming office in May 2023. During his visit, he commissioned several key projects initiated by the Governor Peter Mbah-led administration, aimed at improving infrastructure, education, healthcare, and security in the state.

The projects inaugurated by Tinubu included 30 completed smart green schools out of 260 under construction across the state’s wards, as well as 60 fully equipped Type 2 Primary Healthcare Centres. Additionally, he commissioned 90 urban roads in Enugu City, a multi-functional Enugu International Conference Centre, and a state-of-the-art Command and Control Centre to bolster security efforts. The President also launched 150 patrol vehicles fitted with AI-embedded surveillance cameras to enhance security across the state.

Tinubu was accompanied by high-profile dignitaries, including Abia State Governor Alex Otti, National Security Adviser Nuhu Ribadu, Deputy Speaker of the House of Representatives Benjamin Kalu, and Minister of Works Dave Umahi. However, notable absentees included Imo State Governor Hope Uzodimma, Anambra State Governor Charles Soludo, and Ebonyi State Governor Francis Nwifiru. It remains unclear if these governors sent representatives to the event.

Tinubu’s commitment to development and national unity is evident through his actions. By commissioning projects across different regions, he is encouraging growth and progress irrespective of regional or political affiliations. His focus remains on addressing Nigeria’s economic challenges and improving the quality of life for its citizens.

It is crucial for Wike to stop using Tinubu’s name as leverage in his political battles. Tinubu has enough pressing national economic issues to address, and his focus should remain on fostering development across the country. Political leaders like Wike should engage in constructive governance and avoid dragging the President into personal conflicts. Tinubu’s actions, such as his visit to Enugu and the commissioning of significant projects, demonstrate his dedication to promoting development in all parts of Nigeria, regardless of regional differences.

Wike must understand that governance is about progress, not obsession. His actions are eroding his legacy and sowing seeds of division in Rivers State. It is time for him to step back, accept the reality of Fubara’s leadership, and focus on constructive contributions to national development.

Nigeria needs leaders who can inspire progress and foster cooperation, not distractions driven by personal vendettas. True leadership is about empowering others and recognizing when it is time to let go of the reins of power. It is not about clinging to influence through relentless, petty confrontations. Wike must make a choice: does he want to be remembered as a statesman who contributed to national progress, or as a disruptor who couldn’t let go of personal grudges? The choice is his, and history will judge him accordingly.

As we enter 2025, the message is clear: Nigeria needs healing and forward movement. Wike must leave Tinubu out of his grievances and recognize that the President is focused on addressing the country’s economic challenges. This is not the time for endless battles over personal relevance. It is a time for unity, progress, and a collective effort to move the nation forward. For God’s sake, it’s time to let go of the past and build a better future.

African proverbs often carry timeless wisdom, guiding us through the complexities of life and leadership. One such saying reminds us, “When a child is helped to ascend the hilly road from the river, he gets home and tells his parents that his helper merely held one of his hands, claiming he did the rest.” This proverb cautions against the dangers of ingratitude, which diminishes the collective effort behind any success.

The recent comments by Nyesom Wike, the Minister of the Federal Capital Territory (FCT) and former Governor of Rivers State, bring this proverb to life. Speaking at a civic reception for loyal politicians in Port Harcourt, Wike dismissed claims that he was made governor by others, insisting he fought his way to power. While he acknowledged receiving support, he made it clear that nobody handed him the governorship, contrasting his rise to power with that of his successor, Governor Siminalayi Fubara, whom Wike claims he personally installed.

This article delves into the implications of Wike’s remarks, which reflect a troubling trend of self-aggrandizement in leadership, disregard for gratitude, and a failure to embrace the communal essence of governance.

Leadership, especially in a democracy, is rarely a one-man show. It is a collective effort fueled by the support of voters, party structures, allies, and mentors. Wike’s rise to power is no exception. While he may have demonstrated personal grit, it is undeniable that key figures, including former President Goodluck Jonathan, his wife, Patience Jonathan, and Peter Odili, played pivotal roles in his emergence as Rivers State Governor in 2015.

At the time, Rotimi Amaechi, the then-governor, had fallen out with the Jonathans, prompting them to back Wike, who was a trusted ally. Videos circulating on social media even show Patience Jonathan presenting Wike as the preferred successor to Amaechi. These contributions were not mere formalities, they were instrumental to his emergence as the governor of Rivers State at the time. 

By downplaying the roles these figures played, Wike not only rewrites history but also diminishes the value of collective effort in leadership. His statement risks alienating those who contributed to his success, reinforcing the notion that he views governance as a solitary conquest rather than a communal responsibility.

The African saying, “The River that forgets its source will dry up,” underscores the consequences of ingratitude. Leaders who fail to acknowledge the contributions of others risk eroding trust and goodwill, which are essential for sustaining leadership. Wike’s remarks come across as dismissive, if not outright ungrateful, towards those who supported him in his political journey.

Acknowledging the contributions of others does not diminish one’s achievements; rather, it enhances credibility and fosters unity. Wike’s failure to do so sends a demoralizing message to his supporters and aspiring leaders, undermining the very essence of democracy.

Wike’s insistence that he fought his way to power, while perhaps partly true, feeds into a broader issue of self-adulation that has no place in democratic leadership. Democracy is built on the principle that leaders are stewards of the people’s trust, not self-made monarchs.

When leaders begin to view themselves as the sole architects of their success, it fosters arrogance and a lack of accountability. Such attitudes can alienate allies, discourage collaboration, and ultimately weaken democratic institutions. Wike’s contrasting narrative, asserting that he made himself governor while he made Fubara governor, further complicates matters. It not only trivializes the people’s role in electing leaders but also sets a dangerous precedent for how power is perceived and wielded.

Gratitude is not just an ethical obligation; it is a practical necessity for good leadership. The African proverb, “The one who climbs a good tree is helped by many hands,” reminds us that success is rarely achieved in isolation. Leaders who recognize and honor the contributions of others strengthen their moral authority and foster a culture of respect and collaboration.

Wike’s remarks, if delivered with humility, could have conveyed a different message. Acknowledging that he fought for his political survival while also expressing deep gratitude for the support he received would have painted him as both strong and humble, a rare but powerful combination in leadership.

Wike’s statement offers a cautionary tale for aspiring leaders about the dangers of ingratitude and self-aggrandizement. Leadership is not just about achieving power; it is about serving others and building bridges. The African proverb, “A tree does not make a forest,” underscores the importance of collective effort.

Aspiring leaders must learn that acknowledging the roles others play in their journey does not make them weak, rather, it makes them relatable and credible. Gratitude builds trust, strengthens alliances, and inspires the next generation of leaders to embrace humility and service.

As a seasoned politician, Wike has the opportunity to reshape his narrative. Gratitude, even when belated, has the power to mend relationships and rebuild trust. By openly acknowledging the contributions of those who supported him, Wike can demonstrate that he values collaboration and respects the democratic process.

Furthermore, as a minister and elder statesman, Wike should strive to be a unifying figure rather than a polarizing one. His current position offers him a platform to mentor aspiring leaders and reinforce the principles of humility, gratitude, and service.

Wike’s assertion that he made himself governor, while perhaps a reflection of his political resilience, misses a critical point about leadership: no one succeeds alone. The African proverb warns us that “The hand that gives is never forgotten.” Leaders who embrace gratitude not only honor their supporters but also lay the groundwork for enduring legacies.

Wike’s comments serve as a reminder of the importance of humility and gratitude in leadership. By acknowledging the collective effort behind his success, he can set a positive example for the next generation and reinforce the democratic values that underpin governance. In the end, true leadership is not about claiming credit but about serving others and celebrating the communal journey that makes success possible.

Economic, social, and political conditions influence healthcare, a reflection of societal advancement. From ancient civilisations to modern nations, the development of healthcare systems has been a testament to societal priorities and quality of  governance. The ability to deliver healthcare services reflects the state’s commitment to its citizens’ welfare and fosters long-term national growth by improving human capital and productivity. A nation’s healthcare infrastructure plays a vital role in shaping economic output, as healthier populations are more likely to contribute effectively to the workforce, innovate, and drive forward a country’s social and economic engine.  

Moreover, healthcare advancements can serve as a unifying factor, bridging gaps in inequality and reinforcing trust in governance. The evolution of healthcare over the centuries reflects the continuous journey of societies striving for better living standards. From rudimentary herbal remedies to sophisticated surgeries and digital health solutions, healthcare advancements mirror human resilience and ingenuity. Societies prioritising health have often experienced more excellent political stability, longer life expectancies, and accelerated economic growth. 

Ancient Egypt stands out as a prime example of a society that understood the importance of healthcare. In Deir el-Medina, a village housing workers was constructing royal tombs, and organised medical care was provided, highlighting the existence of one of the earliest governmental healthcare systems. Egyptian medicine was advanced, incorporating surgical skills, specialisation, and formal training. Physicians such as Imhotep revered as the first recorded physician, set foundational practices for the medical profession. 

Modern parallels can be drawn to nations like Germany and Japan, whose healthcare systems are ranked among the best globally. Germany’s universal healthcare system, dating back to the 1880s under Chancellor Otto von Bismarck, covers over 90% of its population. The German system comprises comprehensive services, including maternity care, preventive medicine, and mental health support. Japan’s focus on preventive care has contributed to one of the highest life expectancy rates in the world, with average life expectancy reaching 84.6 years by 2023. This is primarily attributed to regular health check-ups, early disease detection, and an emphasis on diet and exercise.

Just as Ancient Egypt’s healthcare advancements reflected societal values, modern nations viewed healthcare improvements as essential progress indicators. Healthcare systems today drive societal growth by reducing mortality, enhancing quality of life, and enabling greater productivity and participation. However, a  2022 Lancet report ranking health systems performance using healthcare access and quality placed Nigeria at 142 out of 195 countries, right in the basement. The maternal mortality rate remains high, at 512 deaths per 100,000 live births as of 2023, the third highest globally. Only 39% of children were fully immunised, compared to the global average of 85, reflecting systemic challenges in healthcare delivery. High out-of-pocket expenses, limited healthcare infrastructure, and a shortage of medical personnel contributed to these statistics. However, countries like South Africa have an immunisation coverage rate of 82%, and Rwanda boasts a 95% immunisation rate, showcasing the potential for improvement through targeted healthcare policies and community engagement programs.

At the start of 2024, there was a palpable sense that healthcare was returning as a national priority in Nigeria. This renewed focus came after the appointment of Professor Muhammad Ali Pate as Coordinating Minister of Health in 2023. Last year witnessed a pivotal change in Nigeria’s health sector. Public intellectuals must objectively criticise government policies and officials because that forms the basis for improvement and growth. This critique often highlights areas of concern and challenges and calls for action by government officials and institutions responsible for them. However, recognising achievements and encouraging and praising where necessary are essential. Recognising achievements in the health sector boosts public morale, reinforces trust, and fosters innovation.

Under Professor Pate’s leadership, the Nigeria Health Sector Renewal Investment Initiative (NHSRII) was introduced to overhaul the health sector by addressing systemic issues and driving sustainable improvements. The initiative is anchored on four critical pillars: strengthening leadership, policy development, and accountability; enhancing infrastructure, training, and healthcare delivery; encouraging private sector investment and local manufacturing; and focusing on preparedness and response to health emergencies. NHSRII aims to reduce healthcare inequalities, promote gender equity in access to services, and ensure the sustainability of health reforms.

NHSRII is implemented through a Sector-Wide Approach (SWAp), which ensures coordinated action across all levels of government, aligns donor efforts with national policies, and fosters collaboration among stakeholders to drive meaningful progress. This integrated approach draws inspiration from successful models in countries like Ghana and Tanzania, where SWAp has been used to streamline donor funding and align development assistance with national healthcare strategies.

One of the most notable achievements in the past year in the health sector is the reduction in under-five mortality by 16.7%. This decline, from 132 per 1,000 live births in 2018 to 110 per 1,000 live births in 2023, marks significant progress in child health. The reduction highlights improvements in prenatal care, better nutrition programmes, and expanded vaccination campaigns. This significant reduction in under-five mortality should reassure the audience about the effectiveness and progress of the Healthcare system, instilling a sense of confidence and trust.

In 2024, Nigeria achieved a milestone in HPV vaccination, with 12.3 million girls aged 9-14 years vaccinated across all 36 states and the Federal Capital Territory (FCT), representing 96% of the target population. This achievement is the highest global coverage for HPV vaccination, providing a critical defence against cervical cancer. Cervical cancer remains a leading cause of cancer deaths among Nigerian women, making this effort pivotal in reducing long-term mortality rates. The initiative also underscores the importance of community engagement, school-based vaccination programs, and public awareness campaigns. By involving the community, these initiatives make every individual feel integral to the process, fostering a sense of involvement and responsibility.

In November 2024, Nigeria launched a malaria vaccine pilot program in Bayelsa and Kebbi states. Currently, 41,145 children have been vaccinated, reflecting the government’s commitment to addressing endemic diseases. Malaria accounts for 23% of child mortality in Nigeria, and the successful pilot paves the way for nationwide expansion, potentially saving thousands of lives annually.

Health insurance expansion is another critical area of progress. By 2024, all states had functional State Health Insurance Agencies (SSHIAs). Over NGN 12 billion has been disbursed, covering 1.7 million lives. The National Health Insurance Authority (NHIA) surpassed its 2024 target by enrolling 2 million Nigerians, representing a 14% increase from the previous year. Currently, 19.4 million individuals are insured, marking an essential step towards universal health coverage and reducing the financial burden of healthcare.

The healthcare sector is experiencing increased investment, with 74 pipeline companies actively discussing 22 significant projects. Most initiatives involve foreign manufacturers deploying funding to establish or support local manufacturing operations in Nigeria. This effort, amounting to over $2 billion, highlights the importance of regulatory support and market-shaping strategies. 

Human resources for health have also been prioritised, with 53,732 health workers retrained across 32 states, contributing to improved service delivery. This retraining programme equips frontline health workers with updated maternal and child health skills, disease prevention, and emergency response. The curriculum integrates the latest medical advancements and emphasises hands-on training, ensuring healthcare workers are prepared to manage various health conditions. This investment in human capital is expected to enhance healthcare outcomes, reduce medical errors, and increase patient satisfaction. 

One of the critical challenges facing Nigeria’s healthcare system is workforce migration. The exodus of skilled healthcare professionals seeking better opportunities abroad has led to a shortage of qualified personnel, straining the capacity of health facilities across the country. The National Policy on Health Workforce Migration was introduced in August 2024 to address this. This policy focuses on improving working conditions, offering better incentives, and providing career development opportunities to retain healthcare professionals. Salary increments, improved job security, and enhanced welfare packages are among the measures implemented to curb migration. Additionally, the initiative seeks to attract Nigerian healthcare workers from the diaspora, encouraging them to return and contribute to the local system by providing reintegration programs, competitive salaries, and grants for healthcare entrepreneurship.

Despite the  modest progress, Nigeria faces budgetary constraints that threaten the sustainability of these reforms. President Bola Ahmed Tinubu’s proposed 2025 budget allocates only 5.18% (2.48 trillion naira) to healthcare, falling short of the 15% target set by the Abuja Declaration. This underscores the need for more effective use of available resources. The Sector-Wide Approach (SWAp) will be instrumental in ensuring that limited funds are maximised. By aligning donor contributions with national policies and creating a unified framework, Nigeria can enhance the efficiency and impact of health spending. Increasing domestic investment, fostering public-private partnerships, and expanding tax revenue allocated to healthcare will be crucial for sustaining progress and driving economic growth.

In conclusion, Nigeria’s renewed focus on healthcare signals a critical turning point in the nation’s development. The progress achieved through initiatives like NHSRII, immunisation programmes , and workforce retention strategies reflects a broader commitment to improving public health. Recognising achievements in the health sector energises the sector. By celebrating milestones and addressing challenges proactively, Nigeria can build a resilient healthcare system capable of meeting future needs and improving overall societal well-being. Sustained investment, collaboration, and accountability will be essential in ensuring the longevity and impact of these reforms.

In a move to address the unique skincare challenges faced by women of colour, Skin by Zaron has launched a new Vitamin C range designed to tackle concerns such as hyperpigmentation, uneven skin tone, and sensitivity to harsh formulations.

Formally unveiled at a press conference in Lagos recently, the range aims to provide tailored beauty solutions for melanin-rich skin, an often underrepresented segment in the skincare industry.

During the event, representatives from Skin by Zaron shared insights into the rigorous formulation process, emphasising the use of high-quality ingredients such as Vitamin C, Vitamin E, castor oil, and collagen, combined with soothing agents to ensure the products brighten and hydrate without causing irritation.

The range includes a cleanser, serum, moisturiser, and sunscreen—all designed to work in tandem to address common skin concerns while providing essential sun protection, a key factor for melanin-rich skin prone to pigmentation issues from sun exposure.

Founder and CEO of Zaron Cosmetics Limited, Oke Maduewesi, took attendees through what informed the formulation of the range:

“As the fastest-growing beauty brand in Africa, what we really pride ourselves on is that we make products for women of colour, by women of colour, who better understand and develop products for them. Our brand’s shift to skincare was informed by the COVID-19 pandemic and the skin education it spurred at the time, leading to extensive research spanning years that involved tests on actual Africans under similar conditions in Africa.”

She added, “A few years ago, I’m sure we all witnessed how Nigerians gravitated towards skin-whitening products. When we started Skin by Zaron, many told us we would be out of business if we didn’t have a bleaching range. But our reputation doesn’t support that.”

The introduction of this Vitamin C range further reflects Skin by Zaron’s commitment to inclusivity, reinforcing the brand’s role in promoting accessible, effective skincare solutions for women of colour in Africa.

[ThisDay]

Data from the Central Bank of Nigeria (CBN) has indicated that the net foreign exchange (FX) inflows into the economy increased by 65.7 percent year-on-year (YoY), reaching $46.92 billion during the first ten months of 2024 (10m’24).

The CBN’s Economic Report for the review period showed that the rise was from $28.31 billion in the corresponding period of 2023.

Aggregate forex inflow to the economy rose YoY by 41 percent to $79.8 billion in 10m’24 from $55.57 billion in 10m’23.

However, forex outflows from the economy fell by 1.4 percent YoY to $29.84 billion in 10m’24 from N30.29 billion in 10m’23.

Analysis showed that inflows through autonomous sources rose by 0.06 percent YoY to $35.82 billion in 10m’24 from $34.4 billion in 10m’23.

Similarly, outflows from autonomous sources surged by 195 percent year-on-year, reaching $7.08 billion in the first ten months of 2024, up from $2.4 billion in the same period of 2023.

As a result, net foreign exchange inflow from autonomous sources increased by 73 percent year-on-year, totaling $39.7 billion in the first ten months of 2024, compared to $22.93 billion in the prior year.

The figures also show that the Central Bank of Nigeria (CBN) inflows grew by 55 percent year-on-year, amounting to $32.94 billion in 10m’24, up from $21.25 billion in 10m’23.

Conversely, outflows via the CBN saw a slight decline of 1.11 percent, dropping to $25.74 billion in 10m’24 from $26.03 billion in 10m’23.

Consequently, net forex inflow through the CBN skyrocketed by 556.8 percent year-on-year, rising to $7.16 billion in 10m’24 from a negative figure of -$1.09 billion in 10m’23.

In its Economic Report for October 2024, the central bank noted that the economy experienced a decrease in month-on-month net foreign exchange inflow, attributed to reduced inflows through the Bank.

“Foreign exchange flows through the economy amounted to a net inflow of $4.86 billion, relative to $6.35 billion in September 2024.

“Aggregate foreign exchange inflow increased to $9.15 billion, from $8.59 billion in the preceding month.

“Similarly, foreign exchange outflow increased to $4.29 billion, from $2.24 billion in the preceding month.

“Foreign exchange inflow through the bank declined to $4.48 billion, from $5.22 billion in the preceding month, while autonomous inflow increased to $4.67 billion, from $3.37 billion in the preceding month.

“Outflow through the bank rose to $3.73 billion, from $1.84 billion, while autonomous outflow fell to $0.56 billion, from $0.40 billion in September 2024.

“Consequently, a net inflow of $4.11 billion was recorded through autonomous sources, compared with $2.97 billion in September 2024, while the bank recorded a net inflow of $0.75 billion, relative to US$3.38 billion in the preceding month.”

[Leadership]

Popular skit maker, Mark Angel, has revealed how he lost $3.7 million to forex trading, with his properties taken away by loan sharks.

Describing 2024 as his worst year in a post on Instagram on Sunday, the content creator said the losses brought him to the brink of hopelessness.

He wrote, “The year 2024 began like every other year, but I had no idea how much it would test me how much it would break me, yet ultimately reshape me. It was the year I lost everything. I trusted the wrong hands in forex and lost all my money. Nobody knew except my family and closest circle.

“The weight of the loss, over $3.7 million was suffocating. I was drowning in debts, and one by one, I watched all my properties slip into the hands of loan sharks. It felt like my world was crumbling, and in my darkest moments, I considered ending it all.

“But God… If not for His mercies, I wouldn’t be here writing this. He sent angels into my life when I needed them the most. Blessing, my friend who became family, never gave up on me. My pastor and his wife stood by me, praying and guiding me. My daughters, Victoria and Mila, reminded me of the beauty of life, even when it felt unbearable. My ex-wife Mandy extended a hand of kindness I will never forget. My son, Schoolboy, showed me strength beyond his years. And Bright, my social media assistant, stood as a pillar in moments I thought I’d collapse.”

Mark Angel further explained that while he was still trying undergoing therapy to recover from the trauma, life dealt him another blow.

“A scandal hit, shaking the foundation of my career and questioning the loyalty of those around me. It was in that storm that God began to uncover the truth. He exposed the fake friends, the pretenders, and the ones who had been silently sabotaging my peace and my circle. It was painful, but it was necessary.

“2024 was the hardest year of my life, but it was also the year God drew me closer to Him. Through the ashes, He taught me resilience, faith, and the true meaning of grace. I don’t take it for granted that I’m alive today. To everyone who stood with me, prayed for me, and held me up when I had no strength left, thank you.

“Here’s to God’s unwavering faithfulness. If 2024 taught me anything, it’s that even in the darkest valleys, His light never stops shining,” he added.

[DailyTrust]

Germany has launched a new online platform to simplify the visa application process for Nigerians seeking to work, study or join family members in the country.

Germany’s Foreign Minister Annalena Baerbock described the online visa application portal as a positive development that will help the country meet its demand for skilled workers.  

“Every year, Germany is short of at least 400,000 skilled workers. 400,000 clever minds and even more agile hands to keep our country running – in the skilled crafts sector, in the care sector, in tech companies. Our national economy is also in a global competition to attract trainees, apprentices, and students.  

“At times like these, we cannot afford to downright put the best off coming here to roll up their sleeves because of long paper application forms and even longer waiting periods. 

“At times like these, as one of the biggest economies and as a modern country of immigration, we need a national visa process that is state-of-the-art – modern, digital and secure,” Ms Baerbock said.

Accessible globally, the portal allows applicants to select from 28 categories of national visas and is available to all 167 German visa offices worldwide.

The initiative is part of a broader effort to modernise the immigration process and address Germany’s pressing shortage of skilled workers.

By simplifying visa access, Germany hopes to attract skilled workers and ensure a more inclusive and responsive immigration system in line with modern demands.

[TheNation]

Chinese President Xi Jinping on Monday vowed an “all-out battle against corruption” as top leaders convened in Beijing for an annual planning session of the country’s top disciplinary agency.

“We must always maintain our tenacity and perseverance… and resolutely fight the tough, protracted, and all-out battle against corruption,” Xi said, according to state broadcaster CCTV.

The Chinese leader has overseen a wide-ranging campaign against official corruption since coming to power just over a decade ago.

Proponents say the policy promotes clean governance, but others say it also serves as a means for Xi to purge political rivals.

In November, the ruling Communist Party suspended a top military official and placed him under investigation for “serious violations of discipline,” a common euphemism for corruption.

Admiral Miao Hua had been a member of Beijing’s powerful Central Military Commission, sitting alongside five other men — including Xi at the top.

He joined a host of high-ranking figures, including two former defence ministers, to fall foul of a sweeping crackdown on graft in the country’s armed forces in just over a year.

On Monday, Xi called corruption “the biggest threat” to the Communist Party, adding that “the fight against corruption remains grave and complex.”

Instances of corruption continue to occur, he told the party’s Central Commission for Discipline Inspection’s meeting, adding that eliminating conditions that fuel graft remains a difficult task.

China in December executed a former official working in Inner Mongolia over crimes including bribery and misappropriation of public funds.

The sweeping anti-corruption drive has also ensnared top names in finance and sport, including former Chinese men’s national football coach Li Tie.

[AFP]

The house of representatives is considering extending the time limit for the prosecution of sexual offences against girls below 13 years of age.

The bill, which has passed the first reading, is sponsored by Bitrus Laori, a Peoples Democratic Party (PDP) lawmaker representing Demsa/Numan/Lamurde federal constituency of Adamawa state.

The bill proposes an amendment to sections 218 and 221 of the Criminal Code Act.

Section 218 of the extant law stipulates that: “Any person who has unlawful carnal knowledge of a girl under the age of thirteen years is guilty of a felony and is liable to imprisonment for life, with or without caning.

“Any person who attempts to have unlawful carnal knowledge of a girl under the age of thirteen years is guilty of a felony and is liable to imprisonment for fourteen years, with or without caning.

“A prosecution for either of the offences defined in this section of this Code shall be begun within two months after the offence is committed.

“A person cannot be convicted of either of the offences defined in this section of this Code upon the uncorroborated testimony of one witness.”

The bill seeks to amend the section by replacing the paragraph: “A prosecution for any of the offences defined in this section shall be commenced within two months after the offence is committed” with “A prosecution for any of the offences defined in this section shall be commenced within two years after the offence is committed”.

Laori said the two-month period stated in the law is insufficient to gather the necessary facts needed to prosecute an offender and is a “defence to free the offender of criminal responsibility even if it were true that the accused actually committed the offence”.

“The two-month period of limitation within which an offender of these offences has to be prosecuted provides a window of escape from prosecution and punishment of such offenders after two months,” he said.

“Many times where these offences are committed, reporting of the cases, arrest of the offender, investigation, collection and processing of evidence as well as commencement of trial take longer time than two months.

“This is usually influenced by many factors including threats, stigmatisation and absence of willing witnesses to testify for the prosecution.

“The two-month period provided by the law is, without doubt, too short to achieve this.

“The implication is that where the two-month period elapses, the offender is in law free of all criminal responsibility in that regard while the victim is denied justice and the effect of the offence on the victim remains.

“The removal of this time limit would put perpetrators in the know that there is no window of escape for them once they commit this offence and would operate to a great extent in deterring them and others from further committing the offences.”

[TheCable]