OTHERS' VIEWS
SUNDAY 1-DEC
Hearn confirms Joshua’s 2025 return date
https://reubenabati.com.ng/sports/hearn-confirms-joshua-s-2025-return-date
Why Nigeria Needs Tax Reform – Oyedele
https://reubenabati.com.ng/feature/why-nigeria-needs-tax-reform-oyedele
Okpebholo, APC Jittery Over Exposure Of Systemic Rigging In Edo, Lies To Cover Fraud – Obaseki
https://reubenabati.com.ng/feature/okpebholo-apc-jittery-over-exposure-of-systemic-rigging-in-edo-lies-to-cover-fraud-obaseki
CBN tells Nigerians to report cash withdrawal issues from December 1, banks to face penalties
https://reubenabati.com.ng/feature/cbn-tells-nigerians-to-report-cash-withdrawal-issues-from-december-1-banks-to-face-penalties
Local Government Autonomy….Concerns Mount Over Non-execution Of Supreme Court Ruling
https://reubenabati.com.ng/feature/local-government-autonomy-concerns-mount-over-non-execution-of-supreme-court-ruling
Tinubu Tax: North’s anger grows as youths attack Deputy Senate President
https://reubenabati.com.ng/feature/tinubu-tax-north-s-anger-grows-as-youths-attack-deputy-senate-president
OAuGF report reveals huge financial infractions in NNPCL, NUPRC, NMDPRA
https://reubenabati.com.ng/feature/oaugf-report-reveals-huge-financial-infractions-in-nnpcl-nuprc-nmdpra
Rivers: N27bn IGR behind Fubara, Wike rift, INEC now APC member – Adeyanju
https://reubenabati.com.ng/feature/rivers-n27bn-igr-behind-fubara-wike-rift-inec-now-apc-member-adeyanju
‘I Am Against Tax Reform Bills, It Gives Some States More Advantage’ – Ningi
https://reubenabati.com.ng/feature/i-am-against-tax-reform-bills-it-gives-some-states-more-advantage-ningi
[STATE HOUSE PRESS RELEASE] President Tinubu Congratulates New NUJ President And Executive Team
https://reubenabati.com.ng/news/state-house-press-release-president-tinubu-congratulates-new-nuj-president-and-executive-team
[PRESS RELEASE] President Tinubu Approves Funds for UNESCO Media and Information Literacy Institute in Nigeria
https://reubenabati.com.ng/news/press-release-president-tinubu-approves-funds-for-unesco-media-and-information-literacy-institute-in-nigeria
Trump threatens 100% tariff on BRICS countries over currency plans
https://reubenabati.com.ng/news/trump-threatens-100-tariff-on-brics-countries-over-currency-plans
‘From Secular To Sacred’ - Filmmaker, Mike Bamiloye Reflects On Transformation To Gospel Drama
https://reubenabati.com.ng/feature/from-secular-to-sacred-filmmaker-mike-bamiloye-reflects-on-transformation-to-gospel-drama
Darey Art Alade and wife Desola mark 18th wedding anniversary
https://reubenabati.com.ng/feature/dare-art-alade-s-wife-deola-celebrate-18th-wedding-anniversary
Sokoto NLC Suspends Planned Strike Over ₦70,000 Minimum Wage
https://reubenabati.com.ng/feature/sokoto-nlc-suspends-planned-strike-over-70-000-minimum-wage
Nigeria needs collaborative leaders for national progress - Peter Obi
https://reubenabati.com.ng/feature/nigeria-needs-collaborative-leaders-for-national-progress-peter-obi
How Tinubu’s fiery critics became spokespersons, loyalists
https://reubenabati.com.ng/feature/how-tinubu-s-fiery-critics-became-spokespersons-loyalists
2027: Atiku, Obi deny joint presidential bid after reunion
https://reubenabati.com.ng/feature/2027-atiku-obi-deny-joint-presidential-bid-after-reunion
Tax Reform Bill: Atiku Calls For Transparency, Inclusivity In Debate
https://reubenabati.com.ng/news/tax-reform-bill-atiku-calls-for-transparency-inclusivity-in-debate
The Canadian Association of African Studies (CAAS) has awarded the prestigious Lifetime Achievement Award to Toyin Falola, a professor of History, University Distinguished Teaching Professor and the Jacob and Frances Sanger Mossiker Chair in the Humanities at the University of Texas, Austin. CAAS is the preeminent association of Canadian scholars studying Africa. The Lifetime Achievement Award is the highest honour of CAAS. Therefore, it is rarely bestowed.
For context, no scholar received this honour in my three years on the board of CAAS as vice president, president and past president (2019-2022). The latest in Professor Falola’s constellation of global awards represents another acknowledgment of the worldwide status of the Bobapitan of Ibadanland. As a former president of CAAS, I know the painstaking process involved in the adjudication of CAAS awards. I am particularly delighted that Baba Falola, as we all call him, is recognised in this manner.
It was unusually fitting that York University, Toronto, was the venue of the conferment. Falola was a professor at York University between 1990 and 1991. He had also previously delivered keynote addresses at the CAAS signature annual gatherings and helped to organise the conference in 1991. The president of CAAS, Nduka Otiono, a professor and director of the Institute of African Studies, Carleton University, Ottawa, noted that the “esteemed accolade recognises (Falola’s) exceptional contributions, unwavering dedication, and profound impact on the field of African Studies in Canada and beyond.”
The United States took Falola from Canada but his influence is very much like he never left. The University of Texas, Austin has somehow managed to hold on to Professor Falola. I am curious about how Texas has done that since 1991.
I met Professor Falola at the 2016 Africa conference at the University of Texas, Austin. I was immediately struck by his fine magnetic personality. You immediately felt an instant connection as you would a family member. The annual conference convened by Falola is an excellent gathering and for some young scholars, their first international conference outside Africa. The conference also attracts senior scholars and university administrators across Africa and the diaspora.
Toyin Falola received his B. A. (Honours) in History in 1976 from the University of Ife (later renamed Obafemi Awolowo University). His PhD in history was awarded by the same university in 1981. Falola wrote his doctoral dissertation on “The Political Economy of Ibadan, c.1830-1900.” Always on a quest to learn and chart new grounds, Falola received his D. Litt. in African Studies from the University of Ibadan in 2020 (i.e. 42 years after his first doctorate). This is the stuff of extraordinariness.
Professor Falola has received 16 honorary doctorates from universities across the globe. The roll call includes the University of Jos; Lincoln University; Olabisi Onabanjo University; Monmouth University; Federal University, Lokoja; and Federal University of Agriculture, Abeokuta, among others.
A Member of the Order of the Niger (MON), Falola has held fellowships, professorships and distinguished scholar status at various universities and other institutions globally. For example, he was visiting professor at the Olusegun Obasanjo Centre for African Studies, National Open University, Abuja (2019-2021) and honorary professor, Centre for African Studies, University of Cape Town, South Africa, from 2018 to 2022. Professor Falola was also Kluge Chair in Countries and Cultures of the South, Library of Congress in 2016; visiting professor, Pontifícia Universidade Católica De São Paulo, Brazil in 2007; and fellow at the Humanities Research Council, Australian National University in 1995. He is a life member at Clare Hall, University of Cambridge.
Traditional institutions have also bestowed high honours on Professor Falola. He is Nii Kpani Ashaabla 1, Adabraka Otukpai Palace, Accra, Ghana; the Agbakin of Kusela-Ibadan; the Bobagbimo of Ugboland; and the Mayegun of Auga,Akoko.
Being a globally recognised scholar and an excellent human being are not necessarily mutually inclusive. Falola is an iconic scholar, a mentor to generations of scholars and a humane person. His devotion to the success of others is astonishing and uncommon. Falola is intentional about creating opportunities for others. He derives great satisfaction in seeing others thrive. Falola’s accomplishments require a truly exceptional intellect, fine analytical mind, perspicacity and a strong work ethic. His long list of accomplishments speaks to a lifetime of devotion to investing in others and expecting nothing in return: World class brilliance meets humaneness.
Let me start with a confession. I am a closet romantic. I love red roses and blue violets. I love petal-strewn, candle-lit scenes. I love to be wined and dined in exotic places. Everyone close to me knows that my vacations are incomplete without a beach and or a beachfront hotel room. The full works. Life is to be lived and what’s a well lived life as a woman if she has not been wowed by scented candles and exotic dinner on a beach? Every man, every woman must look back, at least once, and smile at the days leading to marriage and bless the day they found their partners. But I am a realist and I do not believe in long courtships heading nowhere. No, No matter how purple a relationship is, I do not believe in time-wasters.
Dating without a wedding date within sight is totally dumb unless what either of the parties involved have in mind is a fling. If it’s fling, by all means, have fun. Do your crazy things, feed your fantasies. But if you have both agreed that this is for keeps and you are each other’s final bus stops, then do what needs to be done, put a ring on it. Smart girls should date smart. Just like working smart yields better rewards than working hard, dating smart is better than dating hard. Long courtships are just long hard things that should be given a wide berth.
Sure, it is important to look before you leap and every girl should do her due diligence before she says ‘I do’ or even ‘I don’t’. I just don’t see the diligence in looking for years without leaping. It is neither due nor diligent if you allow a man to test-drive you until your tires are worn. That would be based on what logic? Yes, short and sharp courtship can leave you jumping into a ditch but who said you can know everything about a woman or a man just because you have been dating for five years? What smart girl allows herself to be ‘dated’ for five years, anyway?
Whatever you think is the downside of a short courtship, a long courtship is still bad. And before you come up with the archaic argument of how a woman needs to study a man, show me a wife who can swear that she absolutely knew her man before she said ‘ I do’. Men are closed books and you can’t judge them by their macho covers. It takes time to know a man. Okay, and a woman too. So? Short courtships are not good for anybody. Neither is long courtship. The sane thing is to stay in the middle of the long and the short courtship.
Find a middle road. It’s either a relationship is serious or it is not. You are either heading for the altar or the rocks. If you are dating a man and in all of the 52 weeks that make a year, you don’t smell seriousness, you’ve been had. Cut your losses and take a walk. The earlier the better. Hanging on to nothing is foolishness and you know what is most saddening; most women in relationships that are going nowhere are actually aware of the fact. They are just too afraid to cut loose; you know all that nonsense about ‘where do I start from’ bla bla bla. If you don’t end a bad affair while time is still on your side, you are liable to end up a lonely irritable old maid, by which time it would be too late to start anywhere.
Let me also stress here that long courtships are even worse for men. A trusting guy could end up with a playgirl who just loves the idea of love while ‘cutting shows’ at the expense of the well-brought-up son of good parents. There are bad girls all over the place, let’s admit it. Some are even so frivolous or mean or both that you wonder if they were born like that. You know I’ve always said all girls are born good, that it is the men ruin their pinks with their dark hearts. But my eyes have seen things in this city. These pretty little things wearing false this and that and calling every guy ‘baby’ are trouble propelled by turbo engines. They are cute and smooth. I have also concluded that they know how to keep their men strapped to their bedposts which is why some men who graduated with First Class at age 21 become ‘mumu’ in their scented hands. The bobo is all brains when you meet him in his expansive office during the day but you wait for his girlfriend to sashay through the door and his brains simply shuts down. He follows her all over the place like a puppy, wagging his fluffy tail.
We must re-orientate our boys that being book-smart without being street-wise is bad for their hearts. A girl who keeps fencing her boyfriend of two years from meeting her family is a suspect. If all she wants is to eat at all the fancy restaurants in the city, be spoilt silly on her birthday and pampered to an inch of her life at Valentine without making any moves towards Nikkah or the altar, take a step back, son, and reassess the situation. If all the plan she wants to make with you is about her getting the latest designer fragrance or a weekend to de-stress in Zanzibar, dude, you just might be the latest ’maga’ in town.
A beautiful woman aware of what she can reel in with her shapely ‘fronters’ and eye-popping backside is dangerous for a serious-minded guy, loaded and looking to settle down. Girls like the perfect gentleman who treats them like ladies but a greedy one who has a side-Aristo is prone to take advantage of a good man, turning a short trip into a wander in the wilderness.
Of course, long courtship is bad business for any right thinking woman, and it won’t be because of lack of patience on a girl’s part. It’s simply and totally about common sense. Letting a man dangle you on his key string is dumb, dangerous and a bloody waste of time, and time is what a woman doesn’t always have,
A long courtship going nowhere strips a woman of her dignity and self-esteem. Because she is hoping that tomorrow will persuade him to make an honest woman of her, she ignores other eligible males. Because she thinks he’d propose at the next valentine dinner, she discourages the real Mr Right. She reads stupid meanings into everything he says or does even when the bloke is just having fun. For instance, she mistakes his presence at her mother’s 60th birthday for commitment of an ‘acting son-in-law’. Nonsense, it’s just another party for him. So what if he attended with his friends? Did he not attend parties the previous weekend?
If you play wifey at weekends while he plays the field all week, he’s not the man you think he is. If after three years of dating, he is still pussy-footing about ordinary introduction ceremony, cut him loose before his bad ways ruin your self-esteem. That he won’t propose does not mean you are not a wife material. He’s just not the groom meant for you. You can’t remain his plaything forever while he enjoys the best of both worlds. A man who leads a young woman on, knowing he would not marry her was badly brought up by his mother and his father taught him nothing. A woman who strings a good man along is sowing evil seeds for her daughters to reap later. If this long date is leading to a dark alley, the time to turn back is now.
Leadership is pivotal to development; as such, every election is taken seriously, and the transition of power is especially given attention in Nigeria. Nigeria is coming from a place where its leadership has been in question because of the failure of past leaders to remedy several of the problems it faces. So, in every election circle, with May 29th as the handover of power, there is so much expectation, anticipation, and delight, except for the current one. But over the years, those anxieties are met with disappointments.
Nigeria saw a new semantic twist to the word “change” from its mantra in 2015. The year was supposed to be the beginning of hope; the citizens thought Buhari, the messiah, had come, not knowing that things were just getting messier. It has been a long eight years, and the nation has taken two steps backward in several ways, an inch forward in some while the others stay in their stagnant, deteriorated states. It has been a long ride, and the score sheet is quite discouraging in the spirit of speaking the truth to power.
One of the selling points of the change mantra was the readiness to fight any corrupt practices in the country. The citizens had expected that many politicians would have been put in jail or get several of their properties confiscated. Well, for those not on the good side of the President and the party, those promises were made regarding them, but the big-bellied politicians eating from the puts of corruption and sitting in influential political offices have become saints that stack away national treasure. The list of those that got their sins “forgiven,” as stated by the former chairman of the All Progressive Congress. No one hears of David Umahi’s alleged N400 million naira diversion of public funds, Godswill Akpabio’s N100 Billion alleged diversion, Stella Oduah’s alleged N9.4 billion,and other accusations, Orji Uzor Kalu’s N3.2 billion accusation, Adebayo Alao-Akala of blessed memory’s N11.5 billion allegation before his death, Lt. Gen. Azubuike Ihejirika’s alleged connection with the Sambo Dasuki’s $2.1 billion, and several others after they have moved to the ruling party, the fount of foundation that all sinners can come. The corruption rate in the country reached a record rank of 154 in 2021 and has become the 150th least corrupt country in the world. One would have thought that the nation was ready to fight corruption under Buhari’s tenure seeing that there was a report that there was a possibility that the country would lose about 30% of its GDP by 2025. We are edging toward this problem, and Mr. President and his appointees indulged the causes too much.
One needs to check whether the poverty rate has been reduced as promised by the change mantra, but the country is in a dreadful situation it has never been before eight years. The margin between the rich and poor grew, while citizens were left with no buying power. The past eight years have left one wondering if there has truly been the availability and access to supposed public goods and services with “a united, peaceful and secure nation,” as the president had stated in his farewell speech. As expected, the supposed global recession and economic downturn, as the president alluded to, would never be enough excuse for the incapability of at least giving the citizens steady lives. First, Nigeria is not the only country that faced the challenge, but the propensity of its effect seems higher than in other countries. Secondly, the administration has been in place since 2015, and laying claim to the incidents of 2020 and 2022 is outrageous.
One of the reasons Mr. President showed more enthusiasm toward the nation’s petroleum sector was first to ensure that there are sustainable changes to its different problems andreduce the corruption rate in that sector. Despite all the various promises to revive the sector and the refineries and make things easier for the citizens, the petroleum sector continued to worsen. The fuel prices now are not just ununiformed in practice but have increased almost 200% more than before the administration’s commencement. The refineries have remained in their state while we export crude oil and purchase petroleum products in an inconsiderate state. The subsidy has not been removed, but prices are still not favorable to the people. Mr.President as the Minister for Petroleum and those who served as Minster for State for Petroleum Resources have found themselves in limbo while millions of Nigerians still queue to buy petrol at high price year in and year out. Fuel scarcity is no more a phenomenon; it is a festival people are not surprised it happens.
While you preached democracy, even in your farewell speech, I am not certain all its tenets were well kept or practiced as they should have been. Maybe the president does not know that the practice and presence of democracy is not the absence of military or despotic rule as it was in the first administration of the General but the recognition of the people’s sense of belonging in the leadership, the obvious practices of the system, especially in the face of antagonism. What are the tales around elections in Nigeria, what has happened to freedom of expression, and how best can one describe the prevalence of the tenets? Nigeria has seen one of the worse levels of suppression of human rights under the Buhari administration in this democratic dispensation. Police brutality has increased to incitea high rate of citizen resistance to the police. The government’s body language has been more of beating a child and beating him when he cries. The advent of the EndSARS protest was not just the youth showing readiness for a better Nigeria, but it was an expression of the insults of oppression of the injuries of lack of facilities and low standard of living.
I believe those that thought the President was a reformed and repentant democratic would be close to disclaiming such assertions. The government institutions have become elements of witch-hunting and the hands of political strategies to intimidate that are in the way of the government or anyone at all. Should one refer to the popular Twitter ban from June 5th, 2021,to 13th January, 2022? The killing of several EndSARSprotesters and the darkened truth about what happened on that fateful night at Lekki Tollgate. And if elections alone are what Mr. Buhari understands as democracy, I am not sure Nigeria can boast of the 2019 and 2023 elections conducted under its administration. A report stated that the DSS, the Army, and other security operatives were used to intimidate voters and several other intimidations from children of the dark worldsduring the 2019 elections. The 2023 elections were worse, with different public intimidations and obvious rigging, violence, and other vices during the electoral processes.
One may need to ask where the jobs promised or seemed to have been produced are, who are employed, and who are the employers. While there is considerable progress in this instance, the conditions have not changed, as most of the steps taken are not sustainable. With an unemployment rate of about 33%, those who try to establish themselves face a toxic environment. A report shows that about 80% of Small and Medium Enterprises fail in Nigerian as of 2020. While efforts, even where they are not sustainable, are still efforts, the Buhari administration forgot to provide more enabling society for businesses to thrive. In the name of business interventions, the momentary Christmas gifts are mostly embezzled by the officials and gotten by party members and associates; they are not enough if self-subsisting systems are not built around them to ensure they serve the purposes for which they are given out.
The argument of certain people during the pre-election change mantra before the 2015 election was that because of the military background of Buhari, the nation might have enough hold of its security problems. One of the great sins of Goodluck Jonathan was his inability to combat terrorism and the growing security challenges. Of course, a General was coming, and it was reasonable to see people with some comfort level. The Buhari agenda and propaganda were sold to the nation, and security was the weak spot of many of the citizens. The ride for the past last years has been worse; while the news about Boko Haram has become normal incidences that do not even get to make newspaper headlines in the country, other forms of insecurity have become strengthened. The anxiety of fear on an average Nigerian road is enough to give one high blood pressure danger. Prisons are broken in most undignified ways, mass massacres and kidnappings, and several other unspeakable disgraces. Mr. Buhari, Nigerians never see you coming.
When the common and seeming colloquial saying, “What is worth doing is worth doing well,” is said, it is a big message that even Buhari should have learned from. There are excuses that the anticipated rot was worse, as almost all government says when resuming after an opposition predecessor. And where it seems that the Water of Nigerian problem is fast becoming more than the Garri of your power, it would have been an honorable thing to step down for others to try; well, the phrase, although never reflected, “politics is not a do or dies affair,” does not extend to while in office. But Yoruba would say, Akukuu joye, o san ju enu mi o kalu lo.
While Nigeria has been on fire, it seems the president had more enthusiasm for tourism than the nation’s state. From 2015 to December 2022, our Ajala president spent not less than 225 days on medical trips, aside from other summits and official trips. This is against the promises of ensuring the President and other politicians explore local medical options. But most importantly, if a president could spend such several days on unofficial journeys at different intervals, there is little to say about how settled and ready he has been for the job.
However, it is my message to the next president of Nigeria that the nation needs real change and that the duty is to at least make things stable. He should take clues from the mistakes of Buhari and other past leaders to make wise decisions that will transform the nation. More so, the 2023 election has threatened the nation’s unity, so he must rule with this consciousness at heart. I say “Amen” to the oft-repeated prayer:
May Buhari Never Happen to Nigeria Again.
Power is shifting – from large, stable armies to loose bands of insurgents, from corporate leviathans to nimble start-ups and from presidential palaces to public squares. Power is also changing, becoming harder to use and easier to lose – Moises Naim, former Foreign Policy Editor.
From May 29, 2023, our nation’s eyes once again turned toward public leadership for a new direction and meaning. And so as most governments, especially in the last 24 years have appeared to us as unprepared for governance, we need to encourage the new administration in Abuja and 28 states to begin to manage priorities in the public sector as if it were in the organised private sector (OPS).
Let me quickly clarify this construct: it is important to adopt the private sector approach to governance and see citizens as customers to be satisfied. Marketers are always told in a customer-centric business that the customer is king. In this construct, the citizen should be seen by political leaders as a customer whose rebellion or boycott can destroy a business enterprise.
When political leaders begin to see the citizen as a customer whose patronage is necessary to survive, they will begin to treat the people as potential electorate they will depend on to win elections next time. For whatever it is worth, the 2023 election outcomes have shown the politician a yellow card of some sort: that the electorate should no longer be trifled with, after all.
When we talk of priority management in the organised private sector, it is straightforward. Let’s examine the fact file:
Management of Priorities is the practice of focusing time and resources towards work, projects, and tasks that affect high-value projects, accounts, and long-term goals. And so managing priorities is an essential part of time management and project management, where project managers adjust resources, schedules, and tasks to deliver projects on time and within scope.
Priority management can also mean organising your day according to the tasks you have and working out which are the most important to the least important. You can then see what your day looks like in terms of time management and how you can effectively get the high-priority tasks done in the time you have. Having good time and priority management is important during projects and for management in general. Being able to organise, prioritise and change priorities when needed is an effective tool that managers should try to help their teams with. Therefore, priority setting can be a painful and divisive process, but it is a necessary activity—particularly in times of resource scarcity.
Let’s examine this same issue – priority management from the perspective of planners in the public sector. Prioritisation can be a device for policy-makers to realise political ambitions, or to signal policy shifts. However, prioritisation is also typically embedded in policy processes, either in a routinised fashion, or as responses to triggering events.
Key challenges in this regard can be how to translate broad priorities into programmes and projects, how to govern the knowledge base, and how to handle organisational tensions during implementation. With limited resources and lower risk appetites, public sector organisations should put any available funds toward projects that will stimulate long-term growth, efficiency and stability.
Ahead of Monday, May 29, 2023 inauguration of Asiwaju Bola Ahmed Tinubu as the 16th President of Nigeria, and Governors of 28 other subnational governments, experts and stakeholders in critical sectors had been setting agenda for the new Sheriff in Abuja and the 28 federating units. Specifically, across the country and beyond, Nigerians were awaiting the taking over by Tinubu, who has promised to address the myriad of challenges facing the country as encapsulated in his Renewed Hope agenda.
Top on the agenda is the issue of insecurity, which encompasses the raging banditry, kidnapping, insurgency, oil theft, secessionists’ agitations, cult clashes, farmers/herders,’ communal clashes/killings and internet fraud as key problems confronting the sector. The people would also have read about the need to address challenges of: Subsidy, power grid crashes in the energy sector, N77trn debt amid rising inflation, Health, Education, ASUU strike, uncompleted projects, $3.02bn Port Harcourt/Maiduguri rail line, Kaduna-Kano standard gauge rail line, etc.
For me, the ‘New Sheriff in Town’ should pay attention to the following issues as he puts finishing touches to appointments of what constitutes the presidential bureaucracy, the president’s men – and his cabinet. I think prioritising the following areas should help in stabilising the already deeply divided country he inherited from former President Muhammadu Buhari. The areas are:
• Nation Building
• Civil /Public Service Reforms (to deal with corruption, innovation, redundancies and mediocrity in the public sector)
• Parliamentary Reform/Cleansing
• Education, Health And Knowledge Development
Nation Building:
This should be on top of the agenda of the administration by focusing on using existing institutions such as Federal Character clause in the constitution supported by the Federal Character Commission (FCC) and strong presidential/gubernatorial bureaucracy to share values, power, infrastructure, top positions fairly and equitably.
There shouldn’t be perception after the national assembly election this week or thereabouts that the five top positions in the country are occupied by people from one section or faith in the country. This can deepen the already ticklish national question. The Tinubu administration should also ask the security and intelligence chiefs if it is true that it had been impossible to find Leah Sharibu The Guardian calls the ‘goddess of resistance,’ in 2019 among other missing schoolgirls in Chibok, Borno State?
Public Service Reform:
Government can continue to deal with corruption with legal institutions of governance such as office of the Auditor-General of the Federation; Fiscal Responsibility Commission; National Procurement Council (yet to be inaugurated); Freedom of Information/Open Government Partnership; etc
If the above institutions of governance are made to be functional in the public service, there will be reduced attention to EFCC, ICPC and CCB to fight corruption. We need to prevent corruption through the civil service, not through anti-corruption agencies.
The Bureau of Public Service Reform (BPSR) can be revived to deal with audit of public servants and management of waste/redundancies and ghost workers. How much does the Federal Government spend monthly on civil servants and what percentage of that is Nigeria’s population? Can the presidency have the political will to merge ministries and scrap those ones that 21st century doesn’t need such as ministries of information, disaster management, police affairs and water resources? Do we need agriculture and Water Resources separately? Do we need Interior and Police Affairs Ministry separately? What about Transport and Aviation in two ministries? What do we do with the many expensive protocol SUVs in multi-dimensionally poor and deeply indebted country?
Therefore, government should tackle bureaucratic delays and reduce opportunities for corruption urgently as these are essential elements for setting the business environment for success. There is also a need to keep governance costs and overheads low and match ambition with pragmatism and growth will follow, as has been shown in the case of airlines such as Ethiopian and Emirates airlines. It is urgent that the critical reform initiatives begin now because it will be too late as a large population of young people with smartphones and high expectations have arrived in the cities too.
Ruling APC and Parliamentary Reform:
Doubtless, the parliament is the most important arm of government. Without it there is no democracy. This is where people are represented for the purpose of solving federal and federation problems. How much does each member earn monthly? Why is remuneration package of our parliaments opaque? Can we have independent national and state assemblies that won’t be rubberstamps of the executive arms?
When should we have assemblies that can curb executive excesses in the 36 states and Abuja? When should we have organic investigations in the legislatures that will shake tables of the executives? When do we have national and state assemblies that will equip good and world-class libraries where they can research for development? When do they use the parliament to dignify the majesty of democracy through debates on public policies that will attract attention of the people they represent – and the world? This is a responsibility for the leadership of the legislatures always of the ruling parties.
Education, Health and Knowledge Development
This should be on top priority. The Ministers of Education and Special Advisers of Education should not be just political figures. They should be resourceful enough to assist the president on more than mere audit of the quality of public education generally: Do we need more or better universities?
How do governments recruit and sustain first class brains to teach the STEM/STEAM subjects? This is the component of reform that will also affect medical science education and revival of health sector. What happened to Nigerian Teaching Hospitals? Why do our leaders fly over our hospitals to the U.K to see even their dentists?
It has been discovered that we talk so much about Singapore and South Korea without looking at the roots of their competitive advantage, which is education quality. Same for the United States where the quest for excellence and exceptionalism once led to discovery that there was once a ‘Genius Factory.’ This is through a 2005 ground breaking research by David Plotz, a professor who ‘unravels the mysteries of the Nobel Prize Sperm Bank, which led to production of many geniuses and Nobel laureates in the United States.
In the main, our new leaders should develop their own tactics to put across the sense of urgency and prove that they are materially attentive to the needs of their citizens. President Alvaro Uribe’s performance in Colombia bears study, as he was instrumental in turning that country around within a decade from a failing to a functioning state.
Presented with a huge security challenge, he nonetheless refused to stay in Bogota, opting instead to go out every weekend to visit municipalities and talk to local people. He often gave them his personal phone number and encouraged them to call him if they had a security-related problem. Uribe used these visits to understand the challenges and drive change. Our leaders who aspire to lead the black race will have to give similar thought to what kinds of profiles they should adopt to change the prevailing political culture.
Mills, Herbst, Obasanjo and Davis in Making Africa Work (2017) posits that Central to the turnaround of many countries, enabling them to implement pro-growth policies was creating a sense of urgency, a realisation that business as usual would lead to disaster.
Several Asian countries, including case studies of Singapore, Indonesia, South Korea and Taiwan show that they were able to use their crises to create a narrative that allowed leaders to implement difficult policies and to explain why changes were needed. Leaders were able to show first that the state itself, protector of the current population, would be threatened if difficult decisions were not made immediately.
There has to be a focus on what the state must do and what it should not do. Case studies have revealed that there is a vital role for the state in setting up a business environment that promotes confidence and growth, and in developing robust institutions.
**This piece is an edited excerpt of my remark at the agenda-setting Seminar and Investiture of the new executive of the Commerce and Industry Correspondents Association of Nigeria (CICAN) on May 25, 2023 at MAN House, Awolowo Way, Ikeja.
The steep increase in the price of petrol and the attendant public outcry could have been better managed. Truth be told, subsidy removal was one of the banana peels strewn in the path of the new administration by the Buhari regime. History has now recorded the level of Buhari’s cluelessness in fixing the problems in the petroleum sector as unprecedented. For eight years, the former president doubled as President and Petroleum Minister but he failed to revive Nigeria’s local refineries; neither did he discontinue the scam called fuel subsidy. Today, Nigeria is the only oil producing country in the world that imports petroleum products.
We knew that this day would come. For those milking Nigeria through bogus subsidy claims, the party is over. About time too. But there is the not-so-little matter of procedure in the way petrol pump prices tripled in one fell swoop. A measure as far reaching as subsidy removal with implications for hyperinflation in transportation, food, services and commerce, among others, should have been handled differently.
Even in our traditional setting, things would have been handled differently. In a typical African village, the elders send messages pertaining to a death in the family in stages. If the son of the deceased lives faraway, they would send a message that his father is gravely ill and that he should endeavour to come home. Shortly after, another message follows, saying that the illness was worsening and that his father was now in intensive care. Finally, by the evening of that day, if he hadn’t yet arrived, they would break the news that his father did not make it. My friend, Chukwukadibia, who is a master in these matters, told me that there is sense in village wisdom. You don’t just break bad news the way you break coconut.
Several times during Buhari’s presidency, I gave free professional advice on how to engage the populace in decisions that would eventually affect their lives. A good government goes the extra mile to cultivate the people’s empathy and understanding before taking difficult decisions. However, the immediate past administration was not famous for accepting unsolicited counsel.
This new government should run the shop differently. I have no doubt that the petrol subsidy thing is a gravy train that should be stopped in its tracks. However, to avoid unintended casualties and disaffection, you prepare the ground for the big decision. Say what you will about Ibrahim Babangida, the Evil Genius, the Maradona… that was one leader who knew how to involve the people in crucial debates even where he already had his mind made up to introduce a jack-in-the-box
Every leader who wants to be taken seriously must marshal out a communication and public relations programme to sell his ideas and secure the people’s cooperation. Public communication is both an art and a science with a proven methodology that delivers positive results again and again. Winning the people’s support in these digital times, has gone beyond the traditional practice of sending veteran opinion vendors to various broadcast stations to spread unverified rumours labelled as facts. Nigerians have seen beyond those obvious cheap gambits.
When the government is in the process of introducing a programme, it is no longer enough to map out the budget implications as if the programmes, in the final analysis, are implementable sans people. Advocacy ought to precede public pronouncements. Take the recent withdrawal of petrol subsidy for example. The bitter pill would have been easier to swallow if a massive advocacy programme had been unleashed.
Public relations is the art and science of building mutually beneficial relationships between organisations and their publics. The Nigerian government can use public relations to sell a difficult program by using various techniques such as media relations, community relations, crisis management, public affairs, lobbying, advertising and folk media.
A good public relations and marketing campaign can be so expertly designed that even when you’re telling the audience to go to hell, they actually look forward to the trip! But when you just suddenly drop a bombshell without preparing the audience for the shock, you alienate potential allies and justify the negative portrayal of those outside your political camp.
The Nigerian government must learn to use public relations experts at the design stage of their policies to enhance the chances of their acceptability by the populace. If advocacy had preceded the announcement of the price hike, chances are that people would have been more receptive to the idea.
It doesn’t help matters when a pro-government television guest says, “If we don’t increase the price of petrol in Nigeria, our marketers will continue smuggling the product to neighbouring countries”. Such statements actually rile the people. What is the business of the government if it cannot police the borders? Is a government that admits its incapacity to stop smugglers worthy of the name it pretends to bear?
Also, in the last eight years, the phenomenon of ghostly barges and tankers sailing into Nigeria and disappearing with millions of tonnes of crude oil became rife. In a few cases, some of the thieves were intercepted. But no one is fooled. The Niger Delta is still considered a juicy posting if you’re a military or security personnel. Stories abound of officers becoming multi millionaires within months of getting there. When one adds up the official stealing with the unofficial thievery by local pipeline vandals, it is a miracle that Nigeria still manages to export appreciable quantity.
Mind you, this is not about the merit or otherwise of the government’s action. Most sensible Nigerians want the subsidy scam to end. On that score, half the job is already done. The problem is how to transit with minimum stress from one price regime to the other. That is why communication and public relations experts should have been consulted first.
In their attempt to justify the increase, some government officials dredge up figures from other countries to show that Nigerians are being spoilt by low prices. They selectively pick one item to the exclusion of all other variables, and conclude that any Nigerian protesting the price hike is an ingrate.
Such squint-eyed interventions only manage to win more foes for the government. And the people on the receiving end of these measures are no longer docile. They are flinging back the bricks one after the other. One such Nigerian took up the challenge to show that singling out petrol price alone for comparison is like comparing a mango with a grapefruit. The writer says he is making his petrol price comparison in Naira using the exchange rate of the Central Bank of Nigeria (CBN). His analysis:
Spain – 246.9 Naira per litre.
USA – 403.3 Naira per litre.
UK – 330.6 Naira per litre.
Germany – 330.6 Naira per litre.
France – 335.7 Naira per litre.
Nigeria – 500 to 600 Naira per litre.
Having compared cost of petrol per litre between the listed countries, he then proceeds to compare the minimum wage paid in each country using the CBN exchange rate:
Spain – 535,559 Naira per month.
USA – 535,340 Naira per month.
UK – 955,876 Naira per month.
Germany – 947,618 Naira per month.
France – 866,241 Naira per month.
Nigeria – 30,000 Naira per month.
President Tinubu recently charged the service chiefs to stamp out terrorism and economic sabotage. There should be a timeline. The era of do-nothing security chiefs should be over by now.
Nigerians believe that we are gifted with very capable security men and women but that nepotism and corruption have eaten deeply into the system. One such Nigerian, Lawrence, took to the social media to explain that the way the Nigerian security operatives abducted Nnamdi Kanu from Kenya to Nigeria shows that they could have captured former Boko Haram leader, Abubakar Shekau, if they were so inclined. He argued further that smuggling of petroleum products will stop on the day the military and immigration officials decide that it should stop.
Now that organised labour is threatening to go on strike from June 7, the new administration is having its baptism of fire so early in the day. There is likely to be a change of tactics by operatives of the new administration, away from the bellicosity of the former administration’s labour minister, Chris Ngige. The government should take advantage of the experience of Adams Oshiomhole to navigate the negotiations with Labour in an atmosphere of mutual respect. It doesn’t take a tarot reading to know that the government can do without a labour crisis at this stage.
Operatives of the new administration should lean on Richie Norton’s encouraging words, “Every sunset is an opportunity to reset. Every sunrise begins with new eyes”.
Attributing poor governance in Nigeria to corruption has become exceedingly simplistic in view of its unending inclination. A more sustained attack on the adverse effects of different specific dimensions of corruption on national development might be more useful.
It is therefore time for the nation’s scholars and analysts to throw more light on such unambiguous phases of the subject – a good example being the notorious hobby of last minute contracts and appointments that successive Nigerian political leaders engage in. Such efforts might help track the problem for action considering its pervasive nature of creating stunted growth at federal, state and local areas across the country.
Just before leaving office last week, the administration of President Muhammadu Buhari (2015-2023) carried out several injury-time appointments as if it came into office two months ago instead of the recorded period of 8 years. Among those who have condemned the act is a member of the ruling party and also member-elect of the House of Representatives, Chief Philip Agbese.
He explicitly criticised the appointment of a new Accountant General of the federation, which he felt was done without recourse to the rules and numerous petitions on ground against the process. Agbese also disagreed with the approval for the board of the North East Development Commission to resume work without confirmation by the Senate thereby undermining the powers of the legislature.
There were similar criticisms against the activities of the immediate past minister of aviation, Captain Hadi Sirika. The Centre for Social Change and Democracy, CSCD, had accused the minister of appointing his cronies to different offices which made it to demand a thorough investigation of the appointments, employments and awards of contracts in the aviation sector.
In particular, the Centre wants the Minister to explain how funds budgeted for the Nigeria Air project were utilized. This criticism resonated through the sector with many deprecating what they perceived as hurried arrangements to surreptitiously place our aviation sector under Ethiopian authorities. If the assignment had been diligently handled in good time, may be it would not have elicited as much uproar.
The point must be made however, that it was not the first time that the federal government or some of its powerful officials engaged in such last-minute dubious transactions.
In 2015, the hobby of getting some favourites into certain offices also took place. Even the appointment of Chief Executives of federal bodies which others did routinely was herculean to President Goodluck Jonathan’s government. At a point, there were about 13 bodies whose heads acted for years without confirmation. In some cases, it looked like a strategy to make the appointees patently malleable.
For instance, one of our colleagues at the NTA acted as Director-General for more than 2 years before government remembered to replace him. If he was not competent, why was the organization left in seemingly wrong hands for so long? If he was not incompetent why then was he removed? Yet, the same government appointed 5 different chief executives for the Nigerian National Petroleum Corporation (NNPC) in 5 years, that is an average of one a year.
If federal authorities angered people by their last minute activities, happenings in the states were not less appalling. In Niger state, the government spent no less than 6 of its 8-year tenure without filling vacancies in the public service thereby explaining its decision to recruit as many as 3,000 new workers at the tail end of the tenure of the immediate past governor, Abubakar Sani Bello. The former secretary to the state government Alhaji Ahmed Ibrahim Matane said the new appointees were to replace many civil servants who had retired or died since 2017.
In Plateau state, former governor Simeon Lalong, waited till the dying minutes of his tenure to swear-in five new judges of the State High Court and a judge of the State Customary Court of Appeal. It was only then it occurred to Lalong, himself a lawyer that a robust and vibrant Judiciary capable of meeting the needs of the people for justice delivery was expedient.
In Abia State, it was only after his preferred candidate lost the governorship election that former governor Okezie Ikpeazu suddenly woke up to the need to reconstitute the Governing Councils of some critical state institutions. By appointing Eme Okoro, the immediate past secretary to the state government (SSG) as chairman of the Abia State College of Health Science and Management Technology, Okezie betrayed the real motivation for his tail-end action.
Other favourites according to media reports were appointed to head the State Civil Service Commission and the State Polytechnic. In Jigawa state, most of the last-minute activities were essentially basic contracts such as the construction and renovation of classrooms and roads, drilling of hand pumps/ conversion of diesel motorized boreholes to solar powered as well as completion and upgrading of some health facilities. But then, no one understood why they were left for the tail end of the former governor Muhammad Badaru Abubakar’s administration.
To establish that last minute contracts which many see as phoney had become part of our political culture, it is probably necessary to refer to older relevant activities. In Imo state, opposition parties publicized daily, alleged awards of last-minute jobs by former governor Rochas Okorocha. The said contracts which were yet to be executed in the last few days of the administration had been reportedly paid for in full. Okorocha was also said to have recruited over 2000 employees into the public service at about the same time while several vehicles were auctioned at give-away prices. This made the then incoming governor Emeka Ihedioha to warn financial institutions against entering into any transaction with the then outgoing governor.
Similarly, the incoming government of governor Umaru Fintiri had to caution all Banking institutions in the state that giving arbitrary loans or overdrafts to government at the time was at their own risk. He spoke against the backdrop of a number of appointments, promotions and boards of some government agencies constituted close to the end of his predecessor, governor Mohammed Bindow.
Fintiri fulfilled his threat by cancelling all last minute suspicious activities carried out before he assumed duties. He was not alone. In Sokoto state, the new governor, Ahmad Aliyu reversed with immediate effect all recent appointments into the State Civil Service made by the outgoing government of Aminu Waziri Tambuwal after March 19th, 2023. In Osun state, the new governor, Ademola Adeleke, announced the reversal of late appointments by former governor, Gboyega Oyetola which were hurriedly done without following due process. Interestingly, this included the appointment of some ‘partisan’ Obas.
The reversals of several contracts and appointments had many adverse implications not only on societal development but also on innocent victims. For example, only two days ago, there were reports that the new Kano State Governor, Abba Kabir Yusuf, had commenced the demolition of structures believed to be illegally erected on properties belonging to the government. The owners were said to be cronies of the previous government to whom the plots were allegedly allocated.
There is however doubt if the trend of phoney or unpopular last minute favours would end soon as some of the new beneficiaries were old victims. In Benue state for instance, it was interesting to hear that governor Samuel Ortom who cancelled last minute recruitment by his predecessor on account of inability of the government to pay workers’ salaries and other entitlements for several months was at the twilight of his own tenure attempting to build an airport. With what funds?
In the legislative arm of government, the situation has been the same. In the last one week, our federal legislators have suddenly become active. Part of their busy assignment was to investigate former Niger Delta Minister, Godswill Akpabio yet, they were unavailable when Akpabio reported.
Whereas, the most sanguine feature of any law making process is the quality of the average lawmaker, members of the Nigerian 7th Senate whimsically set an unbroken record of passing 46 bills in 10minutes on the last day of their tenure! Alas, we have neither reputable/seasoned legislators nor those that legendary Albert Einstein said should be “ready to live their lives for others.”
On Monday afternoon, my friend in Benin, Edo state, went to his father’s house for some daddy-and-son time. His fuel gauge was on red, but because the next gas station was on the other side of the road and he would need to make a long turn, he decided to buy petrol on his way back. That was what his driver suggested anyway. After watching President Bola Ahmed Tinubu’s inauguration and listening to his speech, he headed back home. But the world had changed within the twinkle of an eye. He ran into a sudden traffic caused by fuel queues. That was when he remembered Tinubu’s statement of “subsidy is gone!” which was instantly greeted with petrol “scarcity” all over Nigeria.
With all of Tinubu’s experience in government, I thought a presidential pronouncement on such a very sensitive and emotive topic could have been better managed. There are people who have built their careers on opposing the removal of petrol subsidy and you do not expect them to take it lying down. Policy communication is as important as the policy itself. Many good policies have suffered miserable death in the slaughter room of populist activism partly because of the way they were communicated or marketed. One mistake many policy makers make over and again is to assume that if a policy makes sense and has benefits, it would be readily embraced. It doesn’t work like that.
I do not suggest that if a good policy is well marketed, there would be no resistance. It also doesn’t work like that. However, there are people who genuinely want to understand a policy and its promises. There are people who want to be persuaded so that they too can persuade others. In reality, there will always be resistance to the removal of petrol subsidy in Nigeria, no matter how well you communicate it. But you have a duty to sell the idea to educate your people, especially the new generation of Nigerians some of who believe that the UN will take over a country if a public protest goes on for three weeks or that INEC can only announce election results between 8am and 4pm.
I must also admit that there is no best time to remove petrol subsidy. No matter when you remove it — morning, noon or night; January, May or October; Sunday, Wednesday or Friday — there will always be some resistance. You do not withdraw a 50-year-old benefit that Nigerians have taken as a birth right and expect them to give you a standing ovation. It is our entitlement, as far as we can see. Since we hit oil boom in 1973, we have been hooked on subsidies, most of which we have got rid of — like giving meal tickets to university students and even paying for their laundry. We have successfully ended subsidies on diesel, gas and kerosene. But petrol is the most stubborn of them all.
Why do most Nigerians oppose the removal of petrol subsidy? At this point, I would like to speak for myself. I was a fierce advocate of petrol subsidy — until shortly before President Goodluck Jonathan pulled the trigger in 2012. By then, I had become more receptive to the economic case. I used to be nauseated with the argument that removing subsidy would curb smuggling, which I considered a grand celebration of the weakness and incompetence of state institutions. That Nigeria’s petrol was the cheapest in the world, as was being advanced as a major reason to remove subsidy, was also a problematic argument to me because I didn’t see why anybody should be saddened by that.
But the core economic argument that won me over in 2011 was that petrol subsidy was not an efficient way of spending a country’s resources. If you must subsidise, pick the productive link in the economic chain, not the consumption point. I think it was the then CBN governor, Mallam Sanusi Lamido Sanusi, that kept hammering on that. Moreso, why pour trillions of naira into subsidising petrol when healthcare, education, power and roads are crying for help on a daily basis? Is that not a more efficient way of spending money compared to dispensing petrol at subsidised pump prices? These arguments resonated with me more than the claim that petrol was cheaper than Coke.
It got more interesting for me when Jonathan withdrew the subsidy in January 2012 and some of those who openly supported it were lobbying me, through back channels, to argue against it in my writings. I was shocked. All my life, I had been playing into the hands of these buccaneers with my pro-subsidy campaign which I thought was helping the poor. It finally dawned on me that the more government retained the subsidy, the more these buccaneers profited from the system and the less the real object of my campaign benefited. Jonathan was, unfortunately, forced to beat a retreat as the opposition parties came after him. Otherwise, we would have passed this stage ages ago.
Nevertheless, there were two fundamental reasons for my lifelong opposition to the removal of petrol subsidy until I abandoned my position in 2011. One, I strongly believed (and still believe) that the poorest Nigerians would suffer the most, at least in the short run, in terms of the cost of living, particularly as transportation is a major expense in most Nigerian cities. Two, I did not (and still do not) trust the government to spend the gains judiciously and make life better for Nigerians. There were other reasons — such as the smuggling argument — but those were tangential. Generally, I was never in the mood for anti-subsidy debates and I dedicated my life to savaging the campaign.
On my first point, for instance, there is no doubt that the burden of subsidy removal is disproportionately borne by the poorest whose incomes can barely sustain their living costs. Transport fares go up instantly and they have no wriggle room to deal with it. For an economy that runs largely on “I pass my neighbour” generators, cost of doing business for barbers, beauty salons, eateries and vulcanisers will go up. Cost of food items will go up, notably in the cities which rely on road transportation for supplies. Poor people will surely suffer. This was my position when I was a pro-subsidy campaigner and it remains my position even as I am now in support of subsidy removal.
The issue now is: how do you make things less painful for the poorest? This takes me to my second point. The N3 trillion we have spent on subsidy this year alone is enough to make public hospitals hospitable to Nigerians. If we pour N3 trillion into the health sector today, buying the necessary equipment and drugs, upgrading the wards and paying the medical personnel decent wages and benefits, the “poorest of the poor” would feel the impact. If we choose to pour the N3 trillion into public schools, modernising the infrastructure, training teachers and treating them as human beings, the “poorest” would benefit and be glad. People need to experience, not just hear of, the benefits.
Obviously, the core reason for opposition to subsidy removal is lack of trust in government. People would rather petrol sells at N185/litre and their daily transport fare remains N500 than to be promised better life if petrol is N500/litre and transport fare goes to N1000. They would prefer the devil they know. Besides, many believe that “if not for corruption” Nigeria is rich enough to spend N6 trillion yearly on subsidy and still provide free electricity, free education and free healthcare. Many do not know that we currently owe over N46 trillion. Even if no kobo is stolen, we are in a mess. The simple truth is that we cannot afford petrol subsidy anymore. The economy is choking to death.
In fairness, Nigerians have earned the right not to trust the government. Of all the fuel price increases and the promises of better life in the last 40 years, why are we still here? Why are most roads, schools and hospitals still like this? Why are primary healthcare centres still lacking in basic drugs and personnel? Why are primary schools still lacking chalks and good teachers? Why are public taps still dry and poor people are drinking from the stream and contracting cholera? And we keep reading that one minister has stolen N20 billion, one governor has bought private jets, and one commissioner has mansions. And we expect poor Nigerians to embrace subsidy removal like a pillow!
In our history, only once or twice has the government increased petrol price and the people could point to how the gains were spent to improve their lot. In November 1994, Gen Sani Abacha raised the price and set up an intervention agency to rebuild public infrastructure, mostly roads, healthcare, education and water. That remains the gold standard. Alas, we are now operating a federal democracy and the president cannot dictate to states on how to spend their money. If Tinubu says let’s modernise hospitals but a governor says it is “cargo airport” that he wants to build in a state with poor health facilities, what can the president do? Nothing. That is our “true federalism”.
The best way forward, nonetheless, is for the government to win the trust of the people. As a starting point, I propose that all the revenue that will accrue to every tier of government from petrol subsidy removal should be isolated into a special fund and spent on specific social intervention programmes. Agreed, no tier of government can dictate to the other on how to spend its funds, but they can mutually reach a consensus in the interest of national development. How these funds are spent should also be publicised monthly for transparency and peer review purposes. Tinubu, as the leader, has to work harmoniously with the governors to deliver dividends from this subsidy removal.
AND FOUR OTHER THINGS…
FAREWELL, DOKPESI
Dr Raymond Aleogho Dokpesi died on Monday after falling on his treadmill while recuperating reportedly from a stroke that had held him down for months. It was so painful. The maritime engineer is best known as the founder of Ray Power 100 — Nigeria’s first private radio station. He later launched the African Independent Television (AIT). With Ray Power and AIT, Dokpesi built men and women and contributed in no little way to the growth of journalism and entertainment industry. I first heard his name in a Sunny Ade song decades ago but I had no idea who he was, only to learn that he owned Africa Ocean Lines, Africa’s first indigenous shipping line. He was a great man. Adieu.
MIND THE GAP
Although President Bola Ahmed Tinubu has spent less than one week in office and deserves his honeymoon, some things need to be handled better in the days ahead. For one, press statements have been signed by at least three different persons. We in the media don’t even know who to relate with. We are practically scavenging for photographs of official engagements on the internet. Senator Remi Tinubu, the first lady, tweeted congratulations to Rt Hon Femi Gbajabiamila before he was officially announced as the chief of staff. The transition between the Buhari and Tinubu administrations was not as seamless as you would expect of people from the same party. Lacuna.
ACT OF COMMISSION
The senate passed an amendment bill last week effectively castrating the chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC). After reading the amendments to the ICPC Act, I concluded that the commission does not need a chairman any longer. The board will be able to meet at his back and appoint a member to preside. Certain provisions mentioning the “chairman” have been replaced with “commission”. Could it be that the current chairman, Prof Bolaji Owasanoye, has stepped on some toes and the senators believe the best way to deal with him is to destroy the 22-year-old institution? Will he be chairman forever? Bewildering.
DSS VS EFCC
Nigerians woke up on Tuesday to the disturbing news that there was some beef between the Department of State Services (DSS) and the Economic and Financial Crimes Commission (EFCC) at the Ikoyi office whose entrance they both share. They are in the same compound. The property used to belong to a DSS legacy agency before EFCC was created. Until now, there was no sign of any dispute or tension between the two. The EFCC accused the DSS of preventing its staff from gaining access to the office. The DSS response was coded. I still do not understand what went down but I hope we will never witness anything like this again. Not a good way of welcoming a new president. Mysterious.
More...
By 1983 the army had struck and aborted the 2nd republic but here we are, the 10th Assembly will soon resume, and it’s been 24 years of a hullabaloo democracy, many are not happy but we are making some form of progress, there’s been no martial music. Despite the heated controversies in Lagos and other places, the death toll as a result of gun throttling ballot snatchers reduced, the magic figures of the Kardashian states also have reduced. However, we still have a marathon in our hands but sadly we are building on some shenanigan principles that don’t spell well for us.
I recall in our recent democratic journey a governor that had won a second term, after being sworn in, blamed his predecessor for huge debts and unpaid salaries…and more. Someone had to tap him, reminding him that he was the predecessor.
In this dispensation, another governor simply refused to sit on the seat of his predecessor, others would embark on a sacking galore, after all only weeks to the end of the last man on the helm there were loads of hiring, firing is then in order. I know that it is a lie that the Zamfara state governor declared N9trillion in assets but not to worry many would declare outrageous sums (forgetting that we know their real worth), while others would dance the musical chairs refusing to declare.
The block and freeze accounts group would be at it, accounts that would be elapsed after the initial gra-gra, where there are democratically, in many parts the governor would make statements banning payments of one levy, tax or union dues, but trust me, these payments would come back.
Most of the new governors have dissolved state councils, boards and parastatals, some governors will demolish, either immediately or later, the new kids on the block must chop, new Heads of Service, and all those new commissioners etc.
This new administration has taken off with subsidy removal. A most contentious issue, one that every energy moron and fuel expert has an opinion.
What exactly is deregulation, how exactly does this subsidy work...I have talked to government officials, petroleum marketers, a few 'big boys' in NNPC, and a couple of eggheads. Truth is that they do not know, or better still they know but cannot explain what these terms means.
All the grammar boils down to an inability of a system to solve a problem because a strong group of persons are benefiting from that problem. It also is an indictment reflective of the faulty planning by those in charge, that’s if they plan at all.
Government tells us that they cannot influence the price of the product since deregulation is the in-thing, but in common sense, no one has been able to tell us how fellow oil-producing nations have successfully dealt with their petroleum needs.
A friend suggested why don't we go to Angola, Venezuela, or Brazil and just steal their blueprint, it's working for them, let’s just stop this subsidies and deregulation grammar and deceit of subsidies and duplicate their success, localize it for the collective good of Nigerians, but off course the term 'collective good' is an alien term to us. Insecurity won’t allow our newly old train systems to work, blue and green rails at cut throat costs have not reduced cost of transportation or eased people’s burden, our waterways are wasting, you are riding bicycles car drivers would knock you down.
It is a sad picture of a society that has lost balance, the ruling class needs to be taught a bitter lesson, they need to be made to bleed, Nigeria's live at less than a dollar a day, while a nation's collective wealth is flaunted by a few, so if the current administration is scraping subsidies, it should be supported but it can’t get that wholesale support because of trust deficit.
No number of essays, commentaries can explain the impact of fuel, cooking oil and diesel to the economy; it’s like explaining the impact of constant electricity to national life. These are terms those in power do not seem to grasp; the reasons are way simple too...one, they have big power generating plants in their homes and offices. Two, some of them cannot really recall when last they were on a fuel queue and with millions of naira in remuneration and salaries, what do they care?
The NLC died a long time ago courtesy of an Obasanjo inspired poisoning, aided by greed of those put at the helm of its activities, its only panacea being strike and strikes.
Over two dozen fuel price increases since 1978, five times it was reduced minimally but hiked back almost immediately. From N8.45K in 1978 to N65 in 2009 representing an increase of almost 60,000%, the trend has simply continued. In 1978 when the first increase was announced, one of the reasons given was that a majority of petroleum users were using it for pleasure, and there was a need to bring discipline into society. Strange thinking, another reason was that N95M was being spent a year for subsidies.
As of this year we are talking in trillions, where is this money coming from, how does this subsidy thing work, how can you deregulate when your refineries are not working. How do you pay subsidy cash and still do crude oil swap, who can really explain the fraud called Direct Sales, Direct Purchase DSDP? I have not touched all the loops like bridging costs, demurrage, forex fluctuations that marketers play with, minus selling at international price to neighboring countries. Even the commissioned Dangote refinery has not started working and is not starting anytime soon. You will see that wahala dey!
The top echelon of the society cannot explain to Nigerians, exactly, the reason why we cannot buy fuel at an affordable price for three years in a stretch without scarcity. Not every Nigerian is a novice to the political, economic or social implications of oil pricing. However, the ordinary Nigerian suffers this failure and complacency of leadership.
Subsidies and deregulation mean the price will ultimately fall or money will be channelled to other areas of the economy, in local parlance...'our leaders like to mumu us'. When the broadcast industry deregulated, we saw the instant benefits, same applies to telecoms (although we pay some of the highest tariffs in the world) we saw and are still seeing the benefits. But once you hear these terms in the petroleum sector, it’s like it stands for disappearance of the commodity and when it reappears its price increases.
Who are those responsible for the billions and trillions that disappear in subsidies, who are the few that want to punish the majority? All the best explanations of the government until it is seen to be done is more of hullabaloo.
Why is it that this policy to a large population of Nigerians is simply a tightening of the screw of poverty, no massive improvement of our colonial rail system, no free education or healthcare, no social security, or unemployment benefits?
Legislators neither here nor there, governors’ supporting with both sides of their mouth at variance, everyone on top supports, and every person underneath suffers it, in all the noise the product disappears. Transportation fare increases, food prices sky rocket...a nation that has a disconnect between the ruled and its rulers.
Subsidy has become part of our transitions, if this government gets it right and can pull this off with a humane face, it will get a lot of things right but the citizens need to play their part, the Yorubas say Ẹni tó tan ara-a rẹ̀ lòrìṣà òkè ńtàn: àpọń tí ò láya nílé, tó ní kí òrìṣà ó bùn un lọ́mọ. Meaning, it is the person who deceives himself that the gods above deceive: a bachelor who has no wife at home but implores the gods to grant him children. (It is self-deceit to expect the gods to do everything for one, when one has not lifted a finger on one's behalf). I can only say—May Nigeria win!
I have received, for the umpteenth time, a video of the arrival of Prof and Mrs. Osinbajo at the Lagos airport. The arrival was without the pomp and pageantry that holders of exalted political offices receive in Nigeria. Along with the video are tendentious and silly snide remarks.
It would have been easy for Prof Yẹmí Osìnbàjò to do what most politicians periodically do. He could have instructed some of his staff and supporters to organize an impressive crowd to await his arrival at the airport.
For far less than ten million naira, he could have distributed bales of Ankara along with snacks and some chicken change to singing women and noise belching men.
Needless to say, the capacity of a politician to stage such shows is directly correlated with the extent of his involvement in crude, appropriative, cash-and-carry politics.
May God bless Yẹmí Osinbajo for not embracing the wayward exhibitionism that often defines the thoughtless populism of the Nigerian political class. His job as Vice President has been done. A hallmark of the Christian life he professes is to be able to truthfully say with Apostle Paul: "I know how to be abased, and I know how to abound. Everywhere and in all things I have learned both to be full and to be hungry, both to abound and to suffer need. I can do all things through Christ who strengthens me." Philippians 4:12-13.
Osìnbàjò does not need a red carpet. The real losers are not Yẹmí and Dọlapọ Osinbajo but those whose superficiality makes them to define a leader by the carpet on which he walks.
On Monday, 29 May, 2032, our renascent democracy took another giant step forward with the seamless handing over by one democratically-elected civilian president to another, as retired Major-General Muhammadu Buhari, President of the Federal Republic of Nigeria and Commander-in-chief of its Armed Forces, handed over the baton of leadership to Asiwaju Bola Ahmed Tinubu, winner of the Saturday, 25 February, 2023 presidential election on the platform of the ruling All Progressives Congress (APC). The current Fourth Republic is the longest stretch of democratic experiment that we have had as a country. The First Republic (October 1, 1960 – January 15, 1966) lasted a little over five years before the military shunted the civilians aside, after which successive military regimes took turns to rape the country and pillage and or waste its resources. The short-lived regime of JTU Aguiyi-Ironsi (January – July 15, 1966) was followed by Yakubu Gowon (July 1966 – July 29, 1975) and then the assassinated Murtala Muhammed (July 29, 1975 to February 13, 1976). Olusegun Obasanjo took over (“against his personal wishes and desires”, as he said, but who ever believed him!) and handed over power to an elected civilian president in the person of Alhaji Shehu Shagari (of the National Party of Nigeria) on July 29, 1979. Shagari was three months into his second term of office when he was toppled by the military on 31 December, 1983, signalling an end to the Second Republic.
Major-General Muhammadu Buhari stepped in and ruled till 27 August, 1985 when he, too, was toppled and gap-toothed General Ibrahim Babangida took over. Babangida’s regime initiated the Third Republic, which was unsuccessful in that Babangida himself wired it to fail because, in his heart of hearts and judging by the manner in which he serially shifted the goalposts in the middle of the game, disqualifying contestants on flimsy excuses, he did not want to relinquish power. In the end, the one described as “Maradona” because of the way he dribbled Nigerians with his unending transition to civil rule rigmarole, dribbled himself into a bind. He allowed the June 12, 1993 election to hold but surprised by its outcome and thinking he could dribble the country one more time, he annulled the election, adjudged by many as the most credible ever in the annals of the country, thereby instigating a chain of reactions, the end of which consumed IBB himself. He had to “step aside” from office and from power on 26 August, 1993; replacing himself with an Interim National Government headed by business mogul, Chief Ernest Shonekan, who was designated officially as “Chairman” of the ING. Shonekan himself was pushed off the chair on 17 November, 1993, forced to read a resignation address to the nation by Gen. Sani Abacha, who then took over as president. Abacha, like IBB, started his own transition to civil rule rigmarole whose goal was for him, Abacha, to transmute from military to civilian president. Death, however, put an end to his schemes and shenanigans on 8 June, 1998.
Gen. Abdusalami Abubakar took over after the death of Abacha and followed in the footsteps of Obasanjo by returning Nigeria to civil rule on May 29, 1999 with Obasanjo returning, this time, as elected civilian president. Since then, we have had 24 uninterrupted years of civil rule: From Obasanjo (1999 – 2007) to Umaru Yar’Adua (29 May, 2007 - 5 May, 2010 when his death, in office, was announced) to Dr. Goodluck Ebele Jonathan, who assumed office, first as acting president and later as president, 2010 to May 29, 2015 when Buhari, like Obasanjo, returned as elected president. Buhari was in office until Monday, May 29, 2023 when he handed over power to Asiwaju Bola Ahmed Tinubu of the same APC. So, there is more than one sense in which we can say that democracy is taking firm roots here.
We have amassed more time under our belt – 24 years at a stretch. We have had a transition from ruling party to ruling party; we have also had an opposition party turning the tables on the ruling party, which is rare in these parts of the world. We have had power moving along geo-political divides from South to North and vice-versa. We have had a minority person become president, even if in fortuitous circumstances. This is very instructive in a country sharply divided along ethnic lines. So also is the fact that a Muslim-Muslim ticket (for the second time in our history) has won election in a country where sensibilities around religion are as volatile, if not more volatile, than the ones around ethnicity! But I digress!
Penultimate Monday I was in Uyo, Akwa Ibom state to give moral support to Gov. Udom Gabriel Emmanuel as he rounded off his eight-year tour of duty as governor of the state. The first glowing remarks I heard of Gov. Udom Emmanuel came from Femi Falana, SAN. Each time I advocated restructuring and fiscal federalism as panacea to Nigeria’s myriad problems, Femi would say “Go to Akwa Ibom and see what their governor is doing there”! He specifically mentioned Ibom Air founded by Udom. His argument was that despite the imperfections in the 1999 Constitution of Nigeria, there is still a lot that any serious, focused and competent governor, like Udom Emmanuel, can do to make a difference. The second person I heard the name Udom Emmanuel from was my brother-journalist, US-based Dr. Moshood Fayemiwo, publisher of the very popular “Razor” and, later, “Sunset” tabloids with which he fought the iBB/Abacha military dictatorship. Moshood and I hail from the same town, Owo in Ondo state but more importantly, we were both in the trenches as Nigerians fought Babangida and Abacha. Along with many other activists, we were hounded, harassed and detained but were lucky to escape with our life. Dr. Moshood called from the US one day and said he wanted me to work with his friend, Gov. Udom Emmanuel, who was gunning for the PDP presidential ticket in the last election. I told him I would think about it. I decided to pray. I called one of my prayer partners but as soon as I mentioned the name, he interjected: “I know Udom Emmanuel” His testimonies about the Akwa Ibom governor were eloquent and inspiring.
The word of God says from the mouth of two or three witnesses the truth of a matter shall be established (2 Corinthians 13:1). That was how I came to work with Gov Udom Emmanuel as his presidential spokesperson. Had he been given the PDP flag, the result, I dare to say, would have been different. But hope deferred is not hope denied! Coming with him to Akwa Ibom while we were on that campaign, I saw more than Ibom Air. I saw the coconut oil factory and when the sample I took to Lagos with me got exhausted, my wife moaned. I was in Akwa Ibom again from Monday, 22nd May to the inauguration of the new governor, Pastor Umo Bassey Eno, on Monday the 29th May to honour Udom, whom I describe, without any hesitation, as a special breed of a leader that we call, in Yoruba, “akanda eniyan” (specially made by God). All the superlatives that were deployed to describe him as he commissioned one project after another in his last few days in office were, in my view, richly deserved. His record of achievements are astounding, to say the least.
I have since added Udom Emmanuel’s name to those of JAMB Registrar, Prof. Ishaq Oloyede, NDLEA’s Gen. Mohammed Buba Marwa, and retired but not tired judge of the Kogi State High Court, Justice Alaba Ajileye-Omolaiye as public officials who, having performed creditably well in their given assignments, deserve a place in the government of competency that our brand-new president, Asiwaju Bola Ahmed Tinubu, has promised to run. To this list we must now add Architect Bamidele Samson and his wife, operators of the BOVAS Group of fuel stations noted countrywide for their honesty and integrity.
I dare to say that Akwa Ibom has been fortunate and privileged to offer Udom Emmanuel the pedestal on which to showcase himself. Like Archimedes said: “Give me a place to stand, and a lever long enough, and I will move the world” For Udom Emmanuel, Akwa Ibom was the "place" (on which) to stand. His record of achievements was the "lever long enough". But it was not a bed of roses for the former governor; Nigeria’s political landscape is strewn with charlatans, petty jealousies, acrimony, blatant lying and the now-famous PHD (pull-him-down syndrome). There was a tinge of sadness in Udom’s voice as he narrated his experience on this score, first at the valedictory thanksgiving service and dedication of the International Christian Worship Centre, Uyo and later the same day at his end-of-term media parley. He was miffed at the deliberate destruction of facilities provided at great cost for the benefit of the same people now destroying them for political or selfish reasons. The strife between communities over boundary issues which his mapping policy was meant to address was deliberately misinterpreted by political detractors and ignorant people to cause mayhem and destroy projects meant to provide jobs and enhance the state’s economic prosperity.
Udom knelt down on the altar at the International Christian Worship Centre and decreed: “No evil man, no wicked man will rule over Akwa Ibom” Turning to his successor, Pastor Umo Eno, he passed unto him the same mantle of grace that had been upon him (Udom) for eight years, enabling the state to enjoy unparalleled peace and development, attested to by even the man on the street. The service was still ongoing when the news was received that Udom Emmanuel had been conferred with the national honours of Commander of the Order of the Niger (CON). Udom and his wife Dr. Martha Udom Emmanuel were also honoured by the Christian community with titles rooted in the scriptures.
At the media parley, Udom passed this message across to his people: “You cannot have a better state than yours”. So people should stop deliberately pulling it down to score cheap political points. Satisfied with his efforts, which have made many to refer to him as the architect of modern Akwa Ibom state, Udom declared: “I am leaving this state better than I met it”. He expressed confidence that the massive infrastructural development of the state under him and the unparalleled investment he has sunk into human capital development would endure and catapult the state to greater heights.
These days Nigerians flock to Dubai but hear what a citizen of that country said about Nigeria and Dubai in a post that had since gone viral: “If you compare Nigeria with Dubai, Nigeria had (crude) oil before Dubai. They (Nigeria) are richer than us. They have agriculture, they have mining, they have everything, you name it; they have it. Am I right or wrong? When you have true leadership – which we have – we have nothing but we have everything because we have the right leadership. That is the only thing you need – a right leader for your country... That is what brings your country to the top. You don't need anything (more). We don't have water; we don't have agriculture; we don't have mining...” but Dubai has good leaders, which Nigeria has lacked, despite its huge potentials. It could not have been better put!
That, in a nutshell, is the real value we must attach to the likes of Udom Emmanuel – providing the right leadership; true and sincere leadership - which he demonstrated in Akwa Ibom. So, the last may not have been heard of this man. As he leaves office holding his head high, his next bus stop lies ahead - in the womb of time. His success in coming from the corporate world to not only survive in the murky and turbulent waters of partisan politics (serving two uninterrupted terms) but to also succeed in leaving behind his imprimatur, successfully selling his “beloveth son in whom he is well pleased” - Pastor Umo Bassey Eno – to Ibomites as a worthy successor, is clear indication that Udom Emmanuel is no longer a political neophyte but has matured into the league of the “Big Boys”. Watch out for him in the years to come!
The meteoric expansion of Nigeria’s financial services industry and the evolving nature of modern banking in the last ten years due to the rapid advancement of technology has led to unexpected regulatory and legal challenges. The fusion of traditional banking with fintechs offers many growth opportunities for the sector and enhances financial inclusion in a scale unimagined a generation ago. Even as a retired banker, I am amazed to see traditional banking being gradually replaced by digital platforms, with electronic payments, mobile banking and online transactions gaining prominence. Today, a bank is more likely to close a branch than open a new one due to massive deployment of technology, a radical departure from the trend at the turn of this century when I joined the industry.
The rapid growth of technology and the consequential shifts in the banking landscape has also led to financial inclusion and improved earnings in the banking industry. For some banks, digital products and services are at the core of their future growth strategy. At the Annual General Meeting of Access Holdings Plc, the parent company of Access Bank, late May, the Group CEO, Dr. Herbert Wigwe announced that the company’s growth ambitions in the next five years would be supported by seven key enablers, one of which is Digital and Technology. The bank hopes to transform its operating model to deepen digital penetration, according to Roosevelt Ogbonna, its managing director, in his report to shareholders. Other institutions are placing equally high emphasis on digital banking and technology as growth drivers. While traditional banking methods are still relevant, they have been significantly influenced by the rise of digital products and services. Mobile banking apps, online payment systems and contactless transactions have become the new normal, transforming our interactions with financial institutions.
As we all know, every innovation brings a new set of challenges that must be addressed. The adaptation of modern banking practices has given rise to numerous legal issues in Nigeria. These challenges include privacy concerns, data protection, cybersecurity and fraudulent transactions. For instance, in the three months ending September 2022, total amount of money lost to fraudulent activities in Nigeria surged by 207.9%, according a report published by FITC. These challenges must be addressed systematically by the judiciary and the monetary authorities. Another aspect of the digital revolution in the financial services industry is the emergence of Payment Services Bank (PSB) and other digital payment services. PSBs are licensed financial institutions providing banking services to the unbanked and underbanked populations through digital technological devices. They operate with lower capital requirements compared to traditional banks, thus making them available to those who are financially excluded. As the CJN noted, the emergence of PSBs ‘’necessitates a delicate balance between fostering innovation and ensuring consumer protection. ‘’Judicial officers must strike this balance by interpreting and applying the law to encourage financial inclusion while safeguarding consumer interests’’, said the Chief Justice of Nigeria, Justice Olukayode Ariwoola at a workshop organized by the CBN. These innovative services have done a lot to bring banking services to the masses, foster financial inclusion and drive economic growth. At the same time, they present regulatory challenges to the authorities. Just as example, the volume of Nigeria’s electronic payment transaction jumped by 298% to N135.52 trillion year-on-year (YOY) in the first quarter of 2023 as cash crunch pushed more Nigerians onto online transactions.
Striking the right balance between promoting innovation and safeguarding financial stability requires carefully calibrating the legal framework, and this is the main reason the Central Bank of Nigeria has, for many years now, been working with the Judiciary to train judicial officers on banking and financial services issues. This year, the CBN focused on the emerging landscape of the nation’s financial services. In collaboration with the National Judicial Institute (NJI), the CBN organized a capacity-building workshop to brush up our justices and judges on the new face of banking and the problems associated with it. It was held on May 24 in Abuja. CBN Governor, Godwin Emefiele, said the workshop was necessitated by the need to keep our justices ‘’abreast of current trends in the banking and financial services sectors and important developments on economic matters’’. The subthemes for this year also covered a wide range of issues like the mandates and operations of the CBN; malpractices in Nigeria’s foreign exchange market; payment systems Vision 2025 as well as the Bank Verification Number Framework and its impact on electronic fraud. The Chief Justice of Nigeria, Justice Olukayode Ariwoola (who is also the Chairman of NJI) and Justice Salisu Abdullahi, the Administrator of NJI, presented papers.
Justice Abdullahi argued that blockchain technology, which has over the years, emerged as a transformative force in banking and across various industries, is also of great interest to the monetary and judiciary authorities. The potential of blockchain to enhance transparency, security and efficiency in financial transactions is growing rapidly. But with the rapid growth of blockchain, legal and regulatory frameworks must adapt to accommodate the unique characteristics of blockchain. It is therefore critical for our judicial officers to understand the legal implications of smart contracts, digital assets and decentralized finance.
It is important for the judiciary officers to be continuously trained on all facets of our economy and the financial sector. An efficient judicial system helps to strengthen confidence in our economy, which is an important factor in attracting both domestic and foreign investments. Such investments help to reduce pressures on our foreign reserves, enhance monetary and price stability and reduce exchange rate volatility. Investors are more willing to invest in jurisdictions where the rule of law takes prominence in shaping business and investment decisions. The judiciary also ensures that all parties adhere to legal and ethical standards, and individuals and businesses can seek relief through the law courts on violations of agreements. Investors can also be sure that disputes would be treated swiftly and fairly in accordance with the law.
With regular trainings, our judges and justices will better understand the issues affecting the financial sector and this will greatly help in the resolution and adjudication of related matters. Judicial officers will also learn a lot in such areas as legal instruments governing digital financial challenges and the judiciary’s role in ensuring compliance and safeguarding the interests of all stakeholders.