Opinion
This time next year!

By Aabiodun KOMOLAFE

In the midst of Nigeria’s complex economic and political landscape, meaningful conversations become crucial catalysts for change. My recent discussion with Bolade Agbola, a distinguished Agricultural Economist, stockbroker, banker and Business Administration doctorate holder, offered invaluable perspectives on the country’s pressing challenges.

As we delved into the intricacies of Nigeria's development trajectory, Agbola’s multidimensional expertise and cosmopolitan outlook shed light on the country's potential pathways toward sustainable growth. This conversation serves as a timely reminder that Nigerians continue to seek solutions, driven by resilience and determination. In this article, I reflect on our insightful exchange, exploring critical themes and actionable strategies for Nigeria’s economic revitalization.
Let’s be frank, Nigeria faces complex challenges affecting citizens’ daily lives. Economic struggles, including inflation and unemployment, are paramount. Political stability and security are also pressing concerns, amid terrorism, banditry and kidnapping. This situation is unhelped by Boko Haram terrorism, which has exacerbated security issues since the early 2000s. To alleviate these, Nigerians are seeking economic growth, a stable currency and reduced poverty.
Despite the noises of despair, Agbola shared his optimistic vision for Nigeria’s future, citing potential milestones achievable by next year. He predicted that domestic petrol refining would increase, easing foreign exchange pressures. In his words, “This time next year, the inflationary rate would drop below 20% and racing towards single digits. Security concerns would also diminish as armed forces tackle clashes, banditry and kidnappings.” Not done yet, he emphasized the importance of state policing and local government autonomy in enhancing security. Agbola also predicted that economic fundamentals would improve, driving the naira exchange rate below N1000.00/$1. ‘E lo f’okan bale! The economy will soon witness a positive turnaround’, he concluded reassuringly!
Obviously, Agbola’s perspective on 'This time next year showcases humanity’s capacity for resilience,
optimism and community solidarity. By embracing the present, this mindset inspires collective action toward a brighter, more equitable future. But then, this time next year, the journey to 2027 will have begun in earnest. Regardless of government policies, one doesn’t need to be a genius, or an econometrician, or a Nostradamus before knowing that, given current economic trends, the dollar-naira exchange rate is unlikely to drop below N1,000.00, which is at a best case scenario.
His other predictions, while optimistic, may similarly face significant hurdles, including infrastructure gaps, regulatory frameworks and global market fluctuations. According to Nigeria’s National Bureau of Statistics, inflation rates have consistently exceeded 20% since 2020. Therefore, achieving single-digit inflation by 2027, as Agbola predicted, would require significant policy shifts and economic reforms. Furthermore, his emphasis on domestic petrol refining overlooks the need for comprehensive energy sector reforms. To address this, Nigeria must prioritize investment in renewable energy sources and grid modernization.
Talking seriously, Nigeria is currently grappling with a balance of payment crisis; and, when one has a balance of payment crisis, one’s response will be like that of Jawaharlal Nehru in 1958, when there was not much for India to export; or, Harold Wilson in 1967, when Britain’s was more of currency crisis. Nehru’s quote, echoed by Wilson, remains relevant: ‘We have to export or perish’, thus emphasizing the need for export-driven solutions to rectify economic imbalances.
Under the circumstances, President Bola Tinubu should have prioritized exports from the outset more so as competitive institutions are crucial to Nigeria’s success. However, the decision to float the naira without diversifying production and strengthening institutions has been calamitous. Addressing these institutional deficits should have been the first order of business. To get out of the current economic challenges, the government needs to rethink its export strategies to mitigate the currency turmoil and alleviate the cost of living crisis.
The ‘Soludo Solution’ merged Cooperative Banks into larger institutions, neglecting their potential as
specialized financial intermediaries for farming cooperatives and hundreds of agricultural associations.
Simply put, while temporary relief may come from global interest rate cuts, it is insufficient as speculative investments seeking high returns won’t drive sustainable growth or employment, even if the Central Bank of Nigeria (CBN) cuts interest rates in the next few days. Instead, Nigeria should prioritize production and modernize its agricultural sector to create jobs and boost exports.
The Netherlands’ success story offers valuable lessons, attributing its prosperity to two key factors:
specialized financial institutions like RABOBank, which was credited with knowing everything that’s worth knowing about agricultural finance, and world-class agricultural research institutions. These two elements are intricately linked. In contrast, Nigeria presently struggles with inadequate agricultural financial institutions and research entities, and these have been hindering its progress. A comic interlude comes from reports that the Cocoa Research Institute of Nigeria (CRIN) allocated funds forurban solar-powered streetlights. In a twisted harmony like ours, where contradictions blend into a unique melody, this is a tragic comic illustration and the complete absence of interest in the development of agriculture.
In Nigeria, hope is vital amid economic uncertainty. Drawing from Prophet Elisha’s wisdom (2 Kings 4: 1-7), Nigerians can develop innovative solutions and collaborative problem-solving. Just as the people of Samaria persevered through famine and siege, Nigerians have continued to show remarkable strength in the face of economic instability, political turmoil and security threats. For Nigeria to achieve progress, strategic economic plans, addressing security concerns, strengthening institutions, promoting transparency and accountability in governance are essential.
Across centuries, development has typically begun with a strong foundation at the local or community base. In other words, true development goes beyond monetary policy and MOUs. It’s about building a strong foundation! Nehru advocated for village development through initiatives like cooperative farming, rural electrification, and access to healthcare and education, setting the stage for broader economic progress. That’s commonsensical! Brazil's transformation from exporting raw cocoa to chocolates is particularly admirable. This shift has boosted the country’s earnings, making Brazilian chocolates easily available in global markets like New York and Paris. By
adopting similar strategies, Nigeria can improve its economic prospects.
Nigeria’s economy is a complex, hydra-headed beast that requires a multifaceted strategy to tame. Thankfully, the wheel has been invented on these issues! The Tinubu-led government deserves credit for securing the Supreme Court autonomy ruling for local governments. Think of it as a delicate recipe requiring the perfect blend of export-led growth, financial sector reform, and strategic investments in agriculture and manufacturing – with a dash of institutional reforms and human capital development for added flavour. As 2027 nears us by the eyelids, the party in power must revisit its developmentalist manifesto commitments. By translating policy intentions into tangible outcomes, Nigeria will not only bridge the gap between rhetoric and reality but also ensure citizens’ well-being and improve lives. Meanwhile, while sustained commitment to developmental goals may be destined to determine Nigeria’s future prosperity, discussing a competitive economy is pointless when the foundational issues persist.
Beyond any big transactional jargons, the next budget should include an ‘Inflation Reduction Act’ with clear timelines to achieve single-digit inflation by 2027. This is the urgency of the now, more so as it is difficult to make informed decisions on an empty stomach. Beautifying he streets is futile, if basic needs remain unmet. As Michael Afolayan emphasized, citing William Shakespeare, “Take the current when it serves, or lose our ventures.” And what’s the USA-based erudite professor trying to say? ‘A greened street is most likely to be disgreened by an ungreened stomach!’
May the Lamb of God, who takes away the sin of the world, grant us peace in Nigeria!
*KOMOLAFE writes in from Ijebu-Jesa, Osun State, Nigeria (ijebujesa@yahoo.co.uk)

Opinion
Natasha Akpoti-Uduaghan: Freedom fighter of the decade

By Prof. Jibrin Ibrahim

If I had the power to do so, I would name Senator Natasha Akpoti-Uduaghan the freedom fighter of the decade. She is an irrepressible combatant for her rights, she lives beyond intimidation as she has no fear and above all she is very conscious of her constitutional rights and ready to defend her. The most recent episode was when her governor learnt she was going home for Sallah celebration with her constituents.

He immediately banned public meetings and processions in her constituency, closed all roads leading into the State and barricaded access to the constituency. His concerns were easy to see. He is leading a campaign to recall her and her presence would have revealed the lie that half of her constituency had signed a petition to recall her. By now, virtually all Nigerians know the signatures were forged. She knew it and had to expose the lie. She checked the law; freedom of movement and association remain fundamental human rights in Nigeria that no governor could withdraw. She rented a helicopter and went and the entire country saw the massive and enthusiastic crowd that welcomed her home. Being intimidated is not her portion.
Almost the entire Senate considers her a loose cannon that is ready, willing and above all ABLE to challenge the autocracy and myogenic institution that the organ has become. It is no longer an organisation of peers as it has lost its collegiate nature. It is today a crass dictatorship run by a dictator that will not even allow “distinguished” members to vote as he interprets the voice vote he organises to be what he decides no matter how loud the nay or ayes voices are. The decision of INEC yesterday that even the forged signatures procured for her recall did not meet the 50% + 1 requirement is another dagger at the heart of the Senate dictatorship.
It would be recalled that Senator Natasha Akpoti-Uduaghan, the brave warrior, had accused Mr Akpabio, the Senate President of sexual harassment but the upper Chamber had dismissed the allegations in a cavalier manner. Senator Akpoti reported the matter, along with her suspension from the Senate, to the Inter-Parliamentary Union (IPU), a move that shocked and destabilised the Senate.
After all, they know that the evidence is clear that the Nigerian Senate’s decision to suspend Senator Natasha Akpoti-Uduaghan for six months is an unconstitutional move that undermines democracy and sets a dangerous precedent for legislative governance. The suspension of an elected senator contradicts Sections 68 and 69 of the 1999 Constitution, which clearly outline the lawful processes for a legislator to lose their seat. Section 68(1) & (2) states that a legislator’s seat can only be declared vacant under specific circumstances such as resignation, defection, conviction, or recall by constituents through the Independent National Electoral Commission (INEC).
“Section 69 stipulates that the recall process is the only constitutional means for removing an elected legislator, making the Senate’s decision legally baseless. By suspending Senator Natasha, the Senate has effectively denied the people of Kogi Central Senatorial District their right to representation, an action that constitutes an abuse of power. Many judicial rulings have consistently declared legislative suspensions unlawful.
The suspension of Senator Akpoti-Uduaghan from the Senate was designed to be punitive. Her salaries, allowances, and those of her legislative aides were halted. Her security details were withdrawn for the period while she was receiving death threats. She was even banned from going anywhere the national assembly building. She was then ordered to go on her knees and beg but has refused to do so and continues the struggle.
She filed a contempt against Imasuen, the senate committee chair on ethics, privileges, and public petitions, and president Akpabio over her suspension. Before her suspension, the federal high court in Abuja had restrained the senate committee on ethics, privileges, and public petitions from conducting disciplinary proceedings against Natasha Akpoti-Uduaghan. Obiora Egwuatu, the presiding judge, gave the order following an ex parte application filed by counsels to the Kogi senator. But the senator was suspended 48 hours after.
One of the clearest signs of the crisis of democracy in Nigeria is that elected legislators and executives believe and act as if the own the people. They are rude and dismissive when addressing citizens and literally expect ordinary people to hold them in awe and respect. They have completely lost sight of the core principle of representative democracy that the citizens are the masters and elected officials only mandate is to do what pleases the citizen. Of course, what has created great power asymmetry in Nigeria is that our elected representatives are among the richest in the world as they funnel resources from the public purse to their private pockets in a society that has become one of the poorest in the world. We cannot begin to address the problem of disrespect to citizens until we are able stop public office from being a permanent site of the looting of the national treasury.
One of the strengths of Senator Natasha Akpoti-Uduaghan is her commitment to building projects and distributing empowerment materials to her constituents. After just one year in Senate, the projects she launched in her constituency included:
Construction of a 1km road network at Abdul Azeez Memorial College in Okene;
The reconstruction of the college, which now includes nine classroom blocks, four boarding houses, and 5,000 digital learning devices for students.
Reconstruction of Ihima Police Station;
A scholarship scheme through the Natasha Foundation has supported empowerment programs have trained over 1,300 artisans in various fields, from renewable energy to catering, with start-up grants provided for all participants;
Water projects that have brought potable water to many communities, including a large solar-powered system that serves 300 locations with 1,800 water taps;
Lighting 30km of roads across Kogi Central to enhance safety.
If more Nigerians learn to defend their rights and freedoms, the lack of accountability that surrounds the exercise of power will begin to weaken. May we all learn to struggle for ourselves and our society.

Opinion
Tribunal Victory: Redefining the role of opposition politics in Edo State

By Fred Itua

The recent ruling of the Edo State Election Petition Tribunal, which saw the Peoples Democratic Party (PDP) lose its bid to overturn the election victory of Governor Monday Okpebholo, marks a defining moment in the state’s political landscape. While elections and legal challenges are essential aspects of democracy, what follows is even more crucial—the role of the opposition in ensuring governance is accountable, effective, and people-centered. However, this must be pursued in a manner that prioritizes the development and stability of Edo State rather than fueling acrimony, political tension, and divisive rhetoric.

A vibrant opposition plays a crucial role in strengthening democracy. It is expected to provide constructive criticism, propose alternative policies, and ensure that the ruling government remains accountable to the people. However, for this role to be beneficial, it must be driven by the genuine interest of the people rather than personal vendettas, obstructionist tactics, or an attempt to undermine the legitimacy of the government.
In Edo State, the focus should now shift from post-election bitterness to responsible opposition politics. The people of Edo have made their decision through the ballot, and the legal process has affirmed it. It is now imperative that the opposition, especially the PDP, restrategizes its approach by offering meaningful policy alternatives rather than engaging in actions that could destabilize governance.
One of the most damaging aspects of opposition politics in Nigeria is the tendency for acrimonious engagements that serve only to inflame tensions rather than address pressing governance issues. When opposition leaders resort to inciting the public against the government, spreading misinformation, or engaging in character assassination, they create an environment of hostility that hinders governance rather than improving it.
Edo State cannot afford to be embroiled in unnecessary political squabbles that distract from the task of development. The challenges before the Okpebholo-led administration require cooperation, innovative thinking, and a commitment to service delivery. Any opposition that seeks to continuously heat up the polity for selfish political gains is doing a disservice to the very people it claims to represent.
True opposition is not about opposing for opposition’s sake; it is about providing credible alternatives and engaging constructively with the government of the day. There are many pressing issues in Edo State—economic development, infrastructure, education, security, and healthcare—that require the collective input of all stakeholders, including the opposition.
Rather than staging protests or engaging in campaigns to delegitimize the government, the opposition should leverage democratic institutions such as the State House of Assembly, public discourse forums, and the media to articulate well-thought-out policy alternatives. Political parties that lost at the polls should focus on rebuilding, strengthening their grassroots engagement, and preparing robust policy proposals that can win public support in future elections.
Democracy thrives when all parties respect the electoral process and its outcomes. The people of Edo have chosen their leader, and the court has validated this choice. Any attempt to undermine Governor Monday Okpebholo’s administration through disruptive tactics would not only be undemocratic but also counterproductive. The opposition must recognize that its role is not to create instability but to ensure that governance is people-centered and effective.
As Edo State moves forward, it is time for all political actors to set aside differences and focus on governance. The ruling party must be open to constructive criticism, while the opposition must act responsibly, engaging in issues-based politics rather than resorting to acrimony. The interest of Edo people must remain paramount, and every political action should be geared toward their well-being and progress.
Governor Monday Okpebholo has a mandate to govern, and he must be given the space to deliver on his promises. The opposition, rather than being an obstacle, should be a partner in ensuring that democracy works for everyone. Politics should be a contest of ideas, not a battleground of personal or party rivalries. Edo State deserves better, and it is only through responsible and constructive engagement that true progress can be achieved.
Fred Itua is the Chief Press Secretary to the Edo State Governor.

Opinion
Between Jigawa state government and drop in grain prices

By Adamu Muhd Usman.

“If you can think of it, you can plan it; if you can plan it, you can dream it; if you can dream it, you can achieve it.”

—Unknown author
Farming and livestock are Jigawa’s main occupations. The Jigawa people and its government are always interested in farming. So talking about farming, farmers, commodities and livestock prices are interesting issues for Jigawa people.
The prices of cash crops, grains, etc., are recording a steady drop in Jigawa State occasioned by the yearning and interest of the people of the state and also some state government commitment for both farming of animals and farm produce.
A check and investigations by yours sincerely showed and proved that the prices of many things had dropped by 20-30 per cent in the last four weeks and thereabouts in Jigawa state.
A 10 kg local rice farm (produced) in Jigawa State was sold at ₦9,000 as against the previous price of almost ₦12,000. Millet, sorghum, beans, wheat, Benny seeds, etc., indicated a similar price decrease.
People are of the opinion that the situation of a high supply of the produce from farms in Jigawa State has committed itself to producing a large quantity of farm produce and livestock to meet the demand in the region or the country at large. Surely, the increase in the supply of the produce from the farms or farmers had forced prices down in the recent past.
Others still attributed this price drop to the fear of Allah instilled in the hearts of hoarders because the clerics kept preaching against hoarding, which is seriously frown upon by God Almighty.
While some political critics viewed it as the bad economic policies of the President Tinubu administration, in which Allah used it to bring relief to the common man.
Quite obviously, Jigawa is amongst the three states in the federation that produce and supply the nation and some neighbouring counties with grains, livestock, fish and frogs. Jigawa state is also first in Hibiscus, sesame, gum Arabic, datefarm and also Jigawa is not left behind in the farming of cotton and Siemens. —-Jigawa is blessed.
But at the overround investigations, findings and outcomes, it was largely concluded that all these results and achievements were attributed to the people’s interest and passion for farming, but it is mostly because of the government’s commitments to assist, promote and enhance agricultural production in the state to make it a priority in Jigawa as a means of livelihood, occupation and income for the Jigawa populace and to be a source of internally generated revenue (IGR) for the state and also make the state feed the nation formula. Thank God, the airport (cargo) built by the former governor, Dr Sule Lamido, will now be very functional and useful.
The big question now is, can the state government sustain its support for the agricultural sector and continue to pay more attention and also sustain the package and gesture?
We hope that farmers in the state will continue to enjoy maximum support in crop production, including the use of mechanised farming. This will encourage livestock farming, which will go a long way to reduce or stop farmers’/herders’ clashes.
Also, the issue of soil erosion should be given due attention, and more roads should be constructed across the state in order to facilitate bringing out farm produce from villages and rural areas to urban areas.
As the saying goes, Success is getting what you want, and happiness is wanting what you get.
Adamu writes from Kafin-Hausa, Jigawa State.

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