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There’s plan to derail Tinubu’s petroleum industry revolution

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It was a pleasant shock for me to read the National Bureau of Statistics’ report released last Monday that Nigeria’s economy grew by 3.19% in the second quarter of 2024. The growth rate was quicker than the 2.51% growth seen in the second quarter of 2023, and the 2.98% growth recorded in the first quarter of this year.

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But more importantly, it also surpassed the International Monetary Fund’s forecasts that Nigeria’s economy will grow 3.1% in 2024.

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The NBS said the services sector grew by 3.79% in the second quarter, contributing 58.76% of gross domestic product. Industrial output rose 3.53% while the oil sector, where the country gets its largest revenue, also expanded by 10.15%.

In the last one year, the Nigeria National Petroleum Company Limited (NNPCL) has raised crude oil output from an average of 1.22 million barrels per day (mbpd) to 1.41mbpd

And in what amounts to an independent affirmation that the reforms are working, the United Capital Research, a firm of financial analysts, said on Wednesday that the oil sector is expected to record its first full-year growth since 2019, with a crude oil production target of two million barrels per day in 2024.

The analysts stated that they envisaged that the Nigerian economy would expand in 2024, driven by a rebound in the oil sector and slow but steady growth in the non-oil sector.

Anyone who has followed comments from Nigeria’s political opposition in the last four months will not fail to notice the energy being deployed to trash ongoing economic reforms of the President Bola Tinubu’s administration, especially in the petroleum sector.

It is noteworthy that criticisms of Tinubu’s economic policies are only coming from the country’s opportunistic political opposition which, true to its character, is always seeking for political profits even if the country will suffer loss.

The NBS report, no doubt, is at variance with the acidic, almost sadistic attacks on the economic policies of the Tinubu administration by the political opposition. The so-called criticisms from the opposition, especially those coming from Atiku Abubakar, the presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, have fallen far below the civilized standard of constructive criticism.

Atiku doesn’t seem interested in being an opposition leader who offers alternative policy direction to that of the ruling government. He’s more eager to put down the administration to advance his own political interest.

There’s no doubt he’s fixated on becoming president of Nigeria, which to me is a legitimate aspiration. But Atiku has shown that he’s willing to sacrifice any ideal to achieve that ambition. This is where he poses danger to Nigeria’s democracy.

At a time the current administration is embarking on unprecedented economic reforms aimed at repositioning the country, Atiku and the desperate political opposition are busy looking for how to derail those reforms so they could have a chance against the ruling party in 2027.

The Tinubu administration has initiated reforms to boost the economy, including slashing subsidies and devaluing the country’s naira currency, which have understandably raised inflation and brought some hardship to most Nigerians.

But no one in the opposition is offering any practical alternatives to what the current administration is doing. Rather, they prey on public sentiments and the economic hardship being experienced by the people to push their ambitions. President Tinubu has repeatedly said the reforms embarked upon by his administration will cause immediate pains but will usher in an era of prosperity in the medium and long terms.

This, I believe, is what we are now seeing from the NBS report. It is the beginning of the prosperity to come, which the opposition fruitlessly tries to deny. The opposition’s paranoia with bringing Tinubu down has turned the NNPCL and its CEO, Mele Kyari, into vulnerable scapegoats since they regulate the sector that is regarded as the cash cow of the government.

In the last few months, Atiku has covertly and overtly waged a relentless war of attrition against the NNPCL, portraying the company as a fumbling oil giant lacking any motivation to increase crude oil output and make its processes transparent under Tinubu.

His attack on Oando’s acquisition of the ENI/AGIP onshore assets as due to Wale Tinubu, the CEO being President Tinubu’s nephew, showed how desperate he is to rubbish the administration and compromise reforms. The Oando CEO is not a new entrant into the oil industry, having been in the sector since 1999. Wale Tinubu is a corporate and petroleum law attorney who knows his onions and doesn’t need President Tinubu to facilitate such deals for him.

In his desperation to prove his evil narrative that President Tinubu had mortgaged the country to his family, he accused the president of refusing to approve similar deals involving SEPLAT and Renaissance.

But Atiku, in the same statement, admitted that “the attempt by SEPLAT to buy Mobil’s onshore assets has continued to stall for the last three years…” Has Tinubu been president for three years? Did Atiku bother to find out why the deal had stalled? He and others like him obviously don’t care about the facts. Their aim is just to hang any negative thing they can find on the president and stop him from succeeding in the task to reform governance.

A critical reading of all the press statements on the Tinubu administration will reveal how hollow and dishonest the political system in the country has become. They have no regard for verifiable data but rely on gossip and speculations to criticise the government. Their statements or criticism of the ruling government is devoid of intellectual rigour and holds no value beyond just painting the government in bad light.

In more civilized societies, when parties and their candidates lose elections, they prepare for the next election but offer constructive criticism of the party in power as joint stakeholders. But our own opposition politicians want the country to sink if they can’t realise their ambitions. There’s no respect for the country or leadership, and that’s why they will do anything to bring down the ruling government.

Atiku dishonestly accused the House of Representatives of failing to oversight the NNPCL properly, which is the reason it wants to “mortgage the country’s national oil assets to vested interests.” Although the House had replied to him, but if he had any shame, he ought to have apologised to the NNPCL in view of recent events.

The NNPCL, a company Atiku described as opaque, last week released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year, which ended in December 2023. NNPCL said the amount represented an increase of over N700 billion or 28 per cent compared to the 2022 profit of N2.548 trillion.

The reforms embarked upon by Kyari turned the NNPCL into a more transparent and profitable company confident enough to publish its financial statements. Instead of the loss regularly posted in the past, NNPCL has been posting profits since 2020 when Kyari began the reforms.

From a loss position of N803 billion in 2018, the national oil company made a profit of N287 billion in 2020, and for the year ended 2021, declared a profit-after-tax (PAT)N674 billion.

The Tinubu administration is undoubtedly focused on seeing through ongoing reforms and is not losing sleep over the opposition’s plot to derail it. This is commendable.

Suleiman writes from Abuja.

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Bruno Fernandes: Mikel Arteta credits ‘smart’ Man Utd captain for free-kick as Gary Neville says wall ‘too far back’

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The Arsenal wall was measured 11.2 yards away from the ball instead of the regulation 10 at the free-kick which Bruno Fernandes scored from

Mikel Arteta says Bruno Fernandes was “smarter” than referee Anthony Taylor over his free-kick that gave Manchester United the lead against Arsenal in 1-1 draw on Sunday; referee moved defensive wall 11.2 yards back; Gary Neville criticised Arsenal over incident

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Mikel Arteta refused to criticise Anthony Taylor for sending Arsenal’s defensive wall too far back for Bruno Fernandes’ free-kick in their 1-1 draw but said the Manchester United captain had been “smarter” than the referee in taking advantage to net his fine strike.

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Broadcast technology found Taylor marched the Arsenal defensive line 11.2 yards back, further than the minimum 10 yards required in the Laws of the Game, before Fernandes curled a dead ball inside the near post shortly before half-time.

“At the end of the day the referee is pushing them back too far, which is a mistake, but ordinarily you would sense you’re too far away and creep forward,” said Gary Neville on the Gary Neville Podcast.

“They didn’t do that and it ends up that Bruno Fernandes has the ability to play it over the wall.”

The United captain’s technique was superb but, like Neville, the Super Sunday pundits questioned whether his goal would have been possible had Arsenal’s five-player wall been closer.

Arteta refused to be drawn over the incident, only to congratulate Fernandes for making the most of the advantage he had been given.
“He’s been smart and he took advantage, that is football,” he told Sky Sports. “He’s been smarter than the ref. That’s OK, they allowed him to do it.”

Player of the match Declan Rice, who netted Arsenal’s equaliser after half-time, took the blame for the goal on himself and the other members of the Gunners wall, though he also felt it had been pushed too far back.

“It felt like a couple of us jumped and some of us didn’t, but I’ve not seen it back,” he told Sky Sports. “It felt like the ball flew over us at quite a low height so, from the wall’s perspective, we could have done a lot better.
“The wall did feel far back. Even on our free-kick, when Martin [Odegaard] took it, they felt far back as well, more than usual. But the referee makes that decision.”

After half-time, another free-kick from Martin Odegaard was being lined up when Taylor again appeared to exceed 10 yards when marking out where Man Utd’s defensive wall could stand.

As Neville had suggested Arsenal should do, Noussair Mazraoui questioned Taylor over the distance, while the wall itself crept forward before Odegaard’s strike – and did its job when his effort rebounded away to safety.

Manchester United head coach Ruben Amorim told Sky Sports he had noticed the issues with both free-kicks but had no intention of helping Arsenal out ahead of Fernandes’ opener.

He said: “It was clear, both free-kicks. So when it’s your free kick, you don’t say anything. When it’s the opponent, you try to push because it’s a big difference.

“It was fair, one for us, one for them. We had Bruno and he solved the problem.”

Man Utd midfielder Christian Eriksen, who has scored eight Premier League free-kicks, explained after the game the sizeable difference even 1.2 yards extra would make for a dead-ball specialist.

“It makes a very big difference,” he told Sky Sports. “When the ball is over the wall you don’t need to hit it as high – going down to statistics and how far they are back and how many metres and how they jump. So it’s easier and it gives Bruno a bit more space to put it over the wall.

“It was very good. It helped that the wall was about 15 metres away, so it was perfect for him to put it over.

“I saw it early [that the wall was a fair way back]. Even before the kick you could see how far back they were, and it was the same when they had it in the second half – obviously we were a bit angry with the ref [at that point] for putting us so far back after we saw that Bruno scored.

“But I think it was just beneficial to us.”

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Sule Lamido: Statesman, bridge builder

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Former Governor of Jigawa State, Alhaji Sule Lamido

Alhaji Sule Lamido was born August 30, 1948. He is a native of Bamaina village, Jigawa State, and is known for his wide-level exposure in leadership. He attended Birnin Kudu school, for his primary education in 1955 and proceeded for his secondary education at the prestigious Barewa College, Zaria, Kaduna State.

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Lamido embarked on a course in Railway engineering at the Permanent way training school, Zaria, Kaduna where he gained knowledge on the rail transport operations. Upon graduation from the Permanent Way Training School, Lamido started his career as a Quality Control officer at the Nigeria Tobacco Company in Zaria. He also worked in Bamaina Holding Company, amongst other companies in the country.

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He also worked in Bamaina Holding Company, amongst other companies in the country. In 1992, Lamido ventured into politics, first in the second republic as a member of the Peoples Redemption Party (PRP) where he was an active member. Lamido was also active in the third republic, as a member of the Social Democratic Party (SDP), and played a key role as the National Secretary in the party. The seasoned politician was also a delegate of the 1995 National Constitutional Conference in Abuja the Federal Capital Territory (FCT).

During the military regime of the late Gen Sani Abacha, Lamido was a member of the G-34 political movement which was a notable and powerful opposition group that shaped Nigeria’s fourth republic. After several years of the Military junta in Nigeria, Sule Lamido returned back to active politics in the fourth republic under the platform of the People’s Democratic Party.

He was appointed the Foreign Affairs Minister in the first four years of President Olusegun Obasanjo (1999-2003) at a time Nigeria had to reposition and redeem its image in the international community. As Foreign Minister he travelled with Former President Obasanjo across the globe, restoring broken relationships with the western bloc nations and opening new frontiers with countries like Japan, Russia, Brazil, China and Australia.

Other roles he played as foreign minister was representing Nigeria in the United Nations, G77 bloc of nations, Commonwealth of nations, Organization of African Unity and Economic Community of West Africa States. In November 2001, at the United Nations , Lamido described the corrosive impact of corruption on new democracies such as Nigeria, and called for “an international instrument” against transfer of looted funds abroad.

As Governor of Jigawa, Sule Lamido put the State on national scale with significant investments in infrastructure, healthcare, agriculture, housing & urban development, empowerment programmes, education, rural development and industrial projects. The elder statesman is also known for his capacity to build consensus across the nation.

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Remembering Anthony Enahoro

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By Abiodun Komolafe

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It is a settled fact that Anthony Eromosele Enahoro (July 22, 1923 – December 15, 2010) was an outstanding product of Nigeria’s pre-independence era. Enahoro moved one of the motions for independence and there’s a lot for us to look at in the context of the life he lived and the political firmament that brought him up. Therefore, remembering this Father of Nigerian Nationalism is to reminisce about an era where courage and conviction were the
currencies of change.

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As a pioneering journalist, politician and champion of independence, Enahoro’s unwavering commitment to Nigeria’s self-rule has left an enduring legacy that continues to inspire generations. His remarkable story is a testament to the transformative power of leadership, perseverance and the unrelenting pursuit of freedom.

Building on his legacy as a champion of independence, Enahoro went on to serve in various capacities, including as Minister of Information and Labour. He was later tried alongside Obafemi Awolowo and others for treasonable felony, a trial that became infamous in Nigerian history. Although convicted, Enahoro was later released and continued to play a significant role in shaping Nigeria’s political landscape. 

Enahoro was an outstanding nationalist and a principled person, and this was evident in his involvement with the National Democratic Coalition (NADECO). Of course, there was no need for him and Alfred Rewane to have been involved in the struggle for the enthronement of democracy, particularly in the aftermath of the annulled June 12, 1993 presidential election won by MKO Abiola as they had too much to lose!. But they risked everything to fight for popular democracy, Although Rewane ultimately lost his life in the struggle, Enahoro was fortunate to have escaped the same fate.

Despite the risks and challenges, Enahoro remained unbending in his convictions, refusing to waver even in the face of adversity. As a gifted individual, he recognized that the issue at hand was not just about the violation of an individual's rights, but an affront to democracy and national sovereignty. He, along with Alfred Rewane and others fought for principles, not personalities. This commitment to principle was evident in their diverse backgrounds: Enahoro was a Christian from Uromi in Edo State, with Esan extraction; Rewane was a Christian of Urhobo descent from Delta State; and Abiola, whose rights they fought for, was a Muslim Yorubaman, from Ogun State. Unlike some NADECO members who howled with the wolves and bleated with the sheep for convenience, Enahoro was not
duplicitous. Unlike the crop of Janjaweeds who now populate our political landscape, he remained steadfast, refusing to compromise his values.

Olajumoke Ogunkeyede, a close ally of Enahoro, described him as “a man with a seriously fantastic sense of humour; Ogunkeyede, fondly called JMK, shared several instances of Enahoro’s ability to bring joy to those around him. His humorous takes on serious issues, such as the demons in Abuja, showcased his wit. Moreover, his clever commentaries, including his defence of now-President Bola Tinubu’s aspirations, and his ingenious use of allegories and analogies, like; Ogbuefi; and; Ogbueniyan’, collectively attested to the capacity of his wit and charm.

When writing about individuals like Enahoro, Rewane, Herbert Macaulay, Awolowo, Aminu Kano, Maitama Sule, and others, it’s essential to consider the context in which they lived. This context is bittersweet, as they represented an era where political activism was rooted in philosophical positions and guided by principles.

People during this time held strong convictions and were willing to make sacrifices for their beliefs. That’s why society was more orderly in their time, and it achieved proper sustainable development, unlike today where what we have is largely ‘growth without development’, to be polite, or, if we want to be impolite, ‘the development of underdevelopment’. Amidst this, our leaders continue to sing the same old, worn-out refrain while satiating a vacuous idolatry that elevates an ego bereft of substance, a hollow monolith that stands on feet of clay.

If we look at people like Enahoro and Adegoke Adelabu, their lives exemplified a paradox that underscored the tenuous relationship between knowledge and credentials. This was because, despite lacking university degrees, they possessed a profound intellectual depth that eluded many of their contemporaries who boasted an array of impressive certifications, forgetting that it is not the parchment that confers wisdom, but the depth of one's inquiry, the rigour of one's thought and the breadth of one’s understanding.

Enahoro became the youngest editor of Nnamdi Azikiwe's newspaper, the Southern Nigerian Defender, in 1944 at the age of 21 while Peter, his younger brother, became the editor of The Morning Star at the age of 23. The older Enahoro also worked with other publications, including Daily Comet and West African Pilot before parting ways with Azikiwe, whom he always referred to as his chairman, while Awolowo was his political leader. The reasons behind this preference are intriguing, but that’s a story for another time.

These early experiences laid the foundation for Enahoro’s later involvement with the Action Group (AG), a political party that shared his vision of ‘making life more abundant.’ Enahoro and the AG represented an understanding that the process of economic development must be structured and based on a philosophical thrust. In contrast, what is absurdly described as ‘politics’ today is terribly bad and basically transactional; and it’s driven by a cash-and-
carry mentality, where individuals seek to outdo one another in a chop-and-quench; political economy! No unity! No discipline! No structure! For them, any goose can cackle and any fly can find a sore place!

Looking at the plane, Enahoro’s life and career epitomized the complexities of Nigeria’s struggle for
independence and democracy. His life and work embodied the intersection of individual agency and structural forces that steered the trajectory of nations. As a prominent anti-colonial and pro- democracy activist, he played a pivotal role in the country’s transition from colonial rule to independence. The Adolor of Uromi and the Adolor of Onewa was a vocal critic of authoritarianism and a strong advocate for human rights. His perseverance in the face of resistance, setbacks and imprisonment demonstrates the dedication required to bring about
transformative change.

In moments of emotions and situations, we often discover our true strength and resilience. Enahoro has gone to the ages but his legacy continues to inspire, much like Abraham Lincolns. In simpler terms, he was a brave soul who dared to challenge the colonial powers. So, his legacy should serve as inspiration and role model for future generations, demonstrating the potential for excellence that exists within individuals and communities. In fairness to fate, Enahoro and his contemporaries were well-prepared for the liberation movement, thanks to their involvement in the West African Students Union (WASU) and their time at King’s College, Lagos. This institution, attended by Enahoro and Chukwuemeka Odumegwu Ojukwu, was a hotbed for political activism and discourse. To truly reboot, Nigerians must remember the personal histories of pioneers like Enahoro.

Today, we remember Enahoro, a pioneering figure who dared to dream of independence for Nigeria. We honour not only his significant contributions to Nigeria’s history but also his untiring commitment to democracy, self-determination and human rights. As we remember him and his dogged commitment to federalism and the quest for social justice, it is in our best interest to recreate the ethos and the spirit which created him and people like him.
May Anthony Enahoro’s spirit soar on the wings of eternal peace!

May his memory continue to serve as a testament to the enduring impact of individual agency
on the course of national history!

May the Lamb of God, who takes away the sin of the world, grant us peace in Nigeria!

*KOMOLAFE wrote from Ijebu-Jesa, Osun State, Nigeria (ijebujesa@yahoo.co.uk)

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