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Tinubu Handled Fuel Subsidy, Niger Coup Poorly — Former President Obasanjo

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Nigeria’s Former President, Chief Olusegun Obasanjo, has condemned the administration of President Bola Ahmed Tinubu over poor implementation of the removal of subsidy from petroleum products as well as the floating naira.

Obasanjo said though the policies were necessary, they were wrongly implemented.

Obasanjo, according to a statement made available to journalists on Sunday by his Special Assistant on Media, Kehinde Akinyemi, also condemned Nigeria’s approach to the coup in the Republic of Niger.

He was said to have spoken in Abuja at the weekend at a  colloquium tagged: “Nigeria’s Development: Navigating the Way Out of the Current Economic Crisis and Insecurity.”

The ex-president said, “Today, the government has taken three decisions, two of which are necessary but wrongly implemented and have led to the impoverisation of the economy and of Nigerians. These are the removal of subsidy, closing the gap between the black market and official rates of exchange and the third is dealing with a military coup in Niger Republic.

“The way forward is production and productivity which belief and trust in government leadership will engender. No shortcut to economic progress but hard work and sweat.

“The economy does not obey orders, not even military orders. I know that. If we get it right, in two years, we will begin to see the light beyond the tunnel. It requires a change of characteristics, attributes, and attitude by the leadership at all levels to gain the confidence and trust of investors who have alternatives.”

Obasanjo added that the government must do more to attract foreign investments. He said, “Total Energy has gone to invest $6bn in Angola instead of Nigeria. If the truth must be stated, the present administration has not found the right way to handle the economy to engender confidence and trust for investors to start trooping in.

“They know us more than we know ourselves. And now they are laughing at us, not taking us seriously. We have to present ourselves in such a way that we will be taken seriously. If the existing investors are disinvesting and going out of our country, how do we persuade new investors to rush in?

“We can be serious if we choose to be but we need to change from transactional leadership in government to transformational and genuine servant leadership.

“With change by us, the investors will give us benefit of doubt, and security being taken care of on a sustainable long-term basis, they will start to test the water.

“ With the right economic policies, attribute of integrity and honesty of purpose, all should be well with all hands on deck and government becomes a catalyst for development, growth and progress.

To conclude on the economy, “tinkering with the exchange rate is not the answer. The answer is consistency and continuity in policy to ensure stability and predictability. That way, we will be sure to incentivize domestic and foreign investment.

“There must be honesty and transparency in government dealings and contracts and not lying with deception about these issues. When the government is seen as pursuing the right policy, the private sector will go for production and productivity.”

“Change is possible but it must begin with the leadership”.

The former President’s reaction to the refinery issue was coming barely six months after the claim that the refinery would begin operation in January.

He noted that to get out of the current situation of the country, the government and the governed needed to look at the past and the present, and ask: How do we get here?

“Looking at the topic of today’s occasion, the question I would ask is, how do we navigate our way out of these crises and pave the path towards a more secure and prosperous Nigeria? I believe the answer to this requires a multi-faceted approach that addresses the root causes of these challenges. The central questions are: where were we? And how did we get to where we are today?

According to Obasanjo: “Firstly, we must know where we are coming from. Our economy has consistently suffered from poor policies, lack of long-term sustainable policies, discontinuity, adhocry, and corruption firmed on personal greed, avarice, incompetence, lack of knowledge and understanding, and lack of patriotism.

“For instance, the statement and proposed actions given forty-five years ago to stop fuel scarcity is the same statement and action being touted today. I recall when I made the statement that the refineries would not work, the sycophants and spin doctors of this current administration went out to castigate me as not being a petroleum engineer and that I did not know what I was talking about.

“They forgot that the attempt that was made in 2007 to partly privatise the refineries was made by me after a thorough study of the situation. But the decision was reversed by my successor and the 750 million dollars paid was refunded.”

On a way out, the former President said the country needed “a 25-year socio-economic development agenda that will be generally agreed to, by the nation of all political parties and passed into law by the National Assembly with State Assembly aspects also passed into law by the State Houses of Assembly. We take up the implementation on a five-year basis. In reality, that plan will have the effect of almost a Constitution. The first priority in the implementation will be education for all.”

On the security, he said, “We need a stick-and-carrot approach. Stick to deal with those who cannot be weaned out of criminality and evil deeds and for those weaned, they should be rehabilitated.

“There should be no Nigerian without being in school compulsorily for eleven years – secondary education level.

“Employment must be a right for all Nigerians from age 18 years to 65 years.

“With such a carrot in position, the stick must then be made more severe for criminals. Five years must be set out to ensure that every Nigerian child that is not in school is in school and no one is left out of popular education”.

BIG STORY

#BON 2025: Obasa, Elegushi Endow Award Categories, As Addme, Indomie, Abundish Join Award Sponsors

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All roads lead to the Wole Soyinka Centre for Culture and Creative Arts, formerly known as the National Arts Theatre, this Sunday, December 14, for the highly anticipated 17th edition of the Best of Nollywood (BON) Awards.

The event is set to be hosted by the dynamic duo of Bukunmi ‘KieKie’ Adeaga-Ilori and Adams Ibrahim Adebola (popularly known as VJ Adams), with the Executive Governor of Lagos State, His Excellency Babajide Sanwo-Olu, serving as the official Host Governor.

The ceremony promises to be a spectacular celebration of cinematic excellence. This year’s awards are not only a recognition of Nollywood’s best creative and technical talents but also a showcase of significant corporate and private support for the industry, highlighted by the endowment of key award categories.

These endowments underline a strategic partnership between the film industry and various high-profile entities and personalities.

The BON Awards proudly recognizes the commitment of several partners to fostering excellence in filmmaking. Among the esteemed endowers is the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, who has generously endowed the coveted Best Indigenous Movie (Yoruba) category, emphasising the importance of local cultural narratives.

Further bolstering the awards, the prominent Lagos monarch, Oba Saheed Elegushi, has endowed the most prestigious prize of the night, the Best Movie category, highlighting his commitment to the overall success and quality of Nigerian cinema.

Corporate sponsors are also showing strong support, with Addme championing acting talent by endowing the Best Actress of the Year category, while Indomie shows its support for emerging talent through the Best Child Actor award.

Abundish highlights the creative technical aspects of filmmaking by endowing the Best Use of Food in a Movie category.

The founder of BON Awards, Seun Oloketuyi, noted that these endorsements provide crucial resources and prestige to the categories, ensuring the continued celebration of authentic storytelling and technical innovation within the industry.

“The support from Rt. Hon. Obasa for the Best Indigenous Movie award emphasizes the importance of preserving and promoting our rich cultural narratives through film,” said Oloketuyi.

“Likewise, the commitments from Addme, Indomie, Abundish, and the generous support of Oba Elegushi underscore the value placed on acting prowess and the creative technical elements that bring our stories to life.”

As the biggest names in Nollywood gather in Lagos, all eyes will be on the Wole Soyinka Centre for Culture and Creative Arts for what is set to be one of the most memorable nights in Nigerian cinema.

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‘Excessive’ Security For Seyi Tinubu: How It Is Understood —–Folorunsho Tahir Hamsat

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The appropriateness or otherwise of security protection for a president’s family can be a subject of public debate. This debate is centred on the complex challenge of ensuring the safety of people connected to the presidency while being mindful of public accountability and the effective use of government resources.

This writer will focus solely on the provision of security for the president’s family, as understood, in layman’s terms. Recently, at a public function, President Tinubu’s son, Seyi,’s excessive security escort was criticized by Nobel laureate, Professor Wole Soyinka. The respected leader had argued that such resources were needed elsewhere.

From my study, it is standard international practice for a country’s president’s immediate family, including the children, to receive significant security protection. This is due to the high profile of the president and the potential national security risks that could arise from threats and various forms of harm to the president’s family members.

Nigeria is currently confronted by multiple security challenges like kidnapping and banditry, with the primary threat coming from the Islamic State of West Africa (ISWA) and Boko Haram. On that score, threatening or harming a president’s son, daughter, or wife could be used to blackmail the president and compromise his ability to perform state duties, thereby creating a national crisis. Thus, the goal of ‘excessively’ protecting the president’s family is to ensure the stability and continuity of the president’s function and, by extension, the nation, by mitigating high-level threats to the First Family.

I am not familiar with the local laws on the protection of private individuals, but, based on my research, in developed countries whose model of democracy Nigeria especially practices, such as the US, the provision of security by agencies like the DSS to the president’s immediate family is a federal law, not a discretionary choice.

The president’s family members often attend public schools or travel, requiring extensive, pre-planned security measures and an advance team to ensure their safety in such environments. Even the US law specifies that children of former presidents receive protection until they are 16 years old, unless declined.

In other climes, a sitting president can issue an executive order to extend protection to members of his family, including individuals not automatically covered by law. I will support this argument with two empirical evidence. Just before departing the White House, finally in January 2025, after the expiration of his constitutional two terms as president of the United States, Joe Biden extended protection for his adult children through the next seven months via an executive order.

That presidential order was critiqued by his successor, Donald Trump, and subsequently revoked by him. However, Trump himself did the same for his four adult children and two of their spouses before his first term ended in 2021, when they were given six months of additional protection beyond their stay in the government house. Thus, my interpretation of this subject is that, if it’s not unusual for a president before he leaves office to authorize an extended period of protection for their immediate family members, giving them full-time protection while holding the power is justified and not inappropriate.

 

-Tahir Hamsat is a Lagos-based journalist. He can be reached via 08051000485

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BIG STORY

JUST IN: Accord Party Clears Adeleke As Sole Aspirant For Osun Guber Primary

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Barely 16 hours after Governor Ademola Adeleke officially joined the Accord Party, the party’s national leadership has cleared him to participate in its gubernatorial primary.

The Nation recalled that Adeleke, on Tuesday evening, defected to the Accord Party alongside his deputy, Kola Adewusi, and other top aides.

In a statement, Elder Ibe Thankgod, Chairman of the Accord Party Screening Committee, confirmed that Adeleke had been screened ahead of Wednesday’s primary.

He noted that the governor met all the necessary requirements for nomination and participation, adding that the committee had cleared him as the sole aspirant for the party’s governorship ticket and completed all required documentation with relevant bodies.

The statement added that the committee presented Adeleke with a certificate of clearance and described him as a worthy gubernatorial aspirant.

Adeleke expressed gratitude to the screening committee and party leadership, affirming his readiness for the primary and the 2026 general elections.

“I am ready for the primary and I am ready for the general elections. We are winning by God’s grace,” he said.

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