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BIG STORY

Nigeria’s Governance Structure Set Up For Bankruptcy — Lamido Sanusi

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The immediate past Emir of Kano and former Governor of the Central Bank of Nigeria, Muhammad Sanusi, has again said it is inevitable for Nigeria to be bankrupt with its current governance structure, which he described as too expensive and unsustainable.

The outspoken economist, who has repeatedly complained about the cost of governance in the country, said with the fiscal crisis the country is facing and looking at where Nigeria is headed post-COVID-19 crisis, it had become imperative for Nigeria to ask fundamental questions about the structure of its federation.

Speaking at a webinar hosted by Emmanuel Chapel, with the theme, ‘Mitigation of the economic impact of COVID-19 and the path to recovery’, Sanusi said when he was the CBN governor and the price of oil was over $100 per barrel, the government at the time spent 80 percent of its revenue on salaries and overheads. “Now, I’m sure that with the shortfall in revenues and where the oil price is, after debt service, we probably have to borrow to pay salaries. We have got to look at that structure,” he added.

He stated further, “If you have a company and you have extremely high overheads and you need a high contribution margin to break even, you would be looking at how to reduce cost. So, we have a constitution that says we should have a president and a vice-president, we must have a minister from every state of the federation, whether or not it’s 36 ministries; we should have 109 senators and 360 members of the House of Representatives.

“It also said we should have 36 governors, 36 deputy governors, each state with its House of Assembly and comprising many legislators, 774 local government chairmen, councilors, the personal assistants and special assistants (at all levels), staff members and vehicles.

“With these, you are already set up to be bankrupt. This is something I have been talking about for years. We need to ask ourselves; the structure that we have, does it leave us any option rather than to remain unsustainable over time? This is the kind of conversation we need to have as a country.

“Do we need a bicameral legislature; do we need close to 500 legislators in Abuja; do we need the hundreds of state legislators; what are they doing; do we need all these local government chairmen and councilors or do we need to look at that structure?”

At the event anchored by the founder/CEO, BFA Foundation, Olu Verheijen, Sanusi also said even if it wouldn’t reduce cost, the government could increase productivity by redeploying personnel from the civil service where many people do administrative works to areas like education and health care.

BIG STORY

University Of Maiduguri Alumni, Students Reject Renaming Institution After Buhari

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President Bola Tinubu declared on July 17 that the University would be renamed in honour of former President Muhammadu Buhari.

Graduates, current students, and residents of Borno State have opposed the decision by President Tinubu to rename the University of Maiduguri to Muhammadu Buhari University as a tribute to the late President.

During a Federal Executive Council meeting held at the Presidential Villa in Abuja on Thursday, July 17, 2025, Tinubu officially announced the renaming of the university.

Explaining their reasons, the opposition groups said the name University of Maiduguri represents more than a title — it embodies resilience, academic reputation, and cultural identity, particularly in a region once affected by insecurity.

They suggested that Tinubu consider renaming the Federal University of Transportation in Daura or the Nigerian Army University in Biu, both of which have stronger connections to Buhari’s background and roots.

This recommendation was part of a public petition launched by alumni and student groups, asking the public to show support by signing on.

At present, the petition has gathered around nine thousand signatures and gained momentum within 48 hours.

The Issue

Preserve the identity of the University of Maiduguri – A respectful appeal against renaming University of Maiduguri to Muhammadu Buhari University

President Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces,
Federal Republic of Nigeria

We, as alumni, students, and concerned individuals, are reaching out to Your Excellency with an earnest appeal concerning the recent move to rename the University of Maiduguri to Muhammadu Buhari University.

With sincere respect for the legacy of the late President Muhammadu Buhari and his contributions to Nigeria, we believe the decision to rename the University does not reflect the sentiments of its primary community and contradicts the longstanding identity the school has cultivated.

The University of Maiduguri holds deep significance beyond its name. It represents strength, educational excellence, and cultural richness, particularly in light of past threats to the North-East. The identity of University of Maiduguri strongly connects to the region and reflects the school’s critical role in fostering development, peace, and scholarship in Northern Nigeria.

Over the past four decades, the University has produced many influential individuals, including leaders, academics, and public servants, all proud to call themselves UNIMAID alumni. The name carries pride not only in Nigeria but across Africa and the wider world.

Our Appeal:

We respectfully urge Your Excellency to reconsider and revoke the renaming decision. Although we deeply value the memory of President Muhammadu Buhari, we believe his legacy can be preserved through other significant initiatives, such as national monuments, research centres, or landmark projects, without changing the identity of a university so dear to its stakeholders.

In this context, we suggest renaming the Federal University of Transportation in Daura — a newer and symbolic institution located in President Buhari’s hometown. This would serve as a tribute closely tied to his personal and regional legacy. Given his military background, the Nigerian Army University in Biu could also be considered, as it would reflect his career and service to the nation.

Preserving the name of the University of Maiduguri is not about political sentiment. It is a call to maintain emotional ties and protect the heritage of a respected institution that has weathered challenges over the years. We ask that the memory of former President Buhari and the spirit of UNIMAID be honoured in ways that preserve the distinct identity of both.

We place our confidence in your sense of justice, unity, and dedication to listening to the people.

Thank you, Your Excellency.

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BIG STORY

Senate Warns Natasha Akpoti Against Planned Return To National Assembly, Says ‘It’s Premature’

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The senate has issued a warning to Natasha Akpoti-Uduaghan, representing Kogi central, advising her not to return to the national assembly until her suspension has been officially lifted.

On Saturday, Akpoti-Uduaghan declared her intention to resume legislative duties on Tuesday, stating that she had formally notified the senate in writing.

However, in a statement on Sunday, Yemi Adaramodu, who chairs the senate committee on media and public affairs, maintained that “no court order mandates the senate to reinstate the suspended lawmaker”.

Adaramodu emphasized the senate’s commitment to upholding due process and the principles of the rule of law.

According to the statement, “The senate of the Federal Republic of Nigeria wishes to reaffirm, for the third time, that there is no subsisting court order mandating the senate to recall Senator Natasha Akpoti-Uduaghan before the expiration of her suspension.”

It continued that the senate had already released two previous statements after the court’s ruling and the issuance of the certified true copy of the enrolled order, making it evident that there was no binding instruction compelling the senate to bring her back.

Instead, the court issued a suggestion encouraging the senate to consider adjusting its standing orders and reassessing the suspension, which it viewed as possibly excessive.

The court also ruled clearly that the senate did not violate any laws or constitutional provisions in imposing disciplinary measures due to the senator’s conduct during plenary.

The statement noted that the same court found Akpoti-Uduaghan guilty of contempt and imposed penalties, including a N5 million fine payable to the federal government and a directive to publish an apology in two national newspapers and on her Facebook page, which she allegedly has yet to do.

Adaramodu remarked that it was surprising and without legal basis for Akpoti-Uduaghan, while appealing and having filed a motion to delay the enforcement of those rulings, to act as if there is an existing recall order.

He cautioned that any move by her to return to the senate on Tuesday under a false assumption would be premature, disruptive, and violate legislative protocols.

He added that the senate would, when appropriate, review the court’s advice on amending its standing rules and addressing her recall, and communicate the outcome to her.

Until that time, she has been advised to remain away from the senate chambers and allow legal procedures to be completed.

On March 6, the senate suspended Akpoti-Uduaghan for six months for allegedly breaching its standing rules.

The suspension followed her accusation of sexual harassment against Senate President Godswill Akpabio, which she later pursued in court.

In July, the federal high court in Abuja ruled that the lawmaker should be reinstated, saying the length and manner of her suspension were too severe.

Nonetheless, the senate said it has not yet received the certified true copy of the judgment and would not take action without it.

Akpabio has filed an appeal to contest the court’s ruling.

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BIG STORY

Enugu Electricity Regulator Slashes Band A Tariff From N209 To N160/kWh

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The Enugu State Electricity Regulatory Commission has approved a reduced tariff for MainPower Electricity Distribution Limited, which replaced the Enugu Electricity Distribution Company. The Band A electricity tariff has been decreased from N209 per kilowatt-hour to N160 per kilowatt-hour.

The commission issued the directive over the weekend through a document labeled EERC/2025/003, titled “Tariff Order for MainPower Electricity Distribution Limited 2025.”

In a statement on Sunday, the regulator said the new rate, starting August 1, is based on actual costs and incorporates the federal government’s subsidy on electricity generation, which benefits consumers.

The commission stated that the decision aligns with the Enugu State Electricity Law 2023, which grants it the authority to oversee electricity generation, transmission, and distribution within the state.

“This law, signed by Governor Peter Mbah of Enugu state in September 2023, is pursuant to the 2023 Constitutional Amendment, which firmly established the legislative authority of the states on electricity matters within their states,” the statement reads.

“This was followed by the passage of the Electricity Act 2023, that repealed the Electric Power Sector Reform Act, 2005, and introduced major changes such as the separation of distribution and supply operations, and empowers states to regulate their own electricity markets.”

EERC TO MONITOR MAINPOWER TO ENSURE COMPLIANCE WITH NEW TARIFF

The regulator noted that it has set up monitoring and evaluation mechanisms as well as service standards to ensure that MainPower fulfills its service obligations and does not overcharge consumers for inadequate supply.

“MainPower is obliged to publish daily on its website a rolling seven-day average daily hours of supply on each Bank A feeder no later than 9am of the next day,” the commission said.

“Where MainPower fails to deliver on the committed level of service on Band A feeder for two consecutive days, MainPower shall report this to the Commission within 24 hours.”

The commission added that any Band A feeder that fails to meet the required service levels for seven straight days will be downgraded to reflect actual supply levels.

It stated its commitment to collaborating with “industry developers, investors, customers and Stakeholders to develop and implement strategies and solutions to provide access and improve electricity services to all the citizens of the state, as this is a win for the establishment”.

Chijioke Okonkwo, chairman of the EERC, said the tariff reduction followed a thorough review of MainPower’s license and pricing submissions, as it is a newly certified subnational operator in Enugu state.

“We reviewed their entire costs, using our Tariff Methodology Regulations 2024, and the supporting Distribution Tariff Model to get an average price of N94,” he said.

“The price is low because the Federal Government has been subsidising electricity generation cost which charges only N45 out of the actual cost of N112. That was how we came about the average tariff of N94 as cost reflective tariff at our level as a subnational electricity market.

“The actual PPA cost of any power purchase made by Mainpower out side the one subsidized by Federal Government, through the Nigerian Bulk Electricity Trader (NBET) will trigger automatic tariff adjustment to accommodate the PPA price because it will not be subsidized by the Federal Government.

“Breaking this across the various tariff bands means that Band A will be paying N160 while other Bands B, C, D, and E are frozen.

“Band A, at N160 will help MainPower to manage the rate shock, and if the subsidy is removed, the savings will assist them in stabilising the tariff over a defined period of time.”

According to Okonkwo, the tariff will always reflect actual costs and will not require any financial assistance from the state government.

He also stated that if the federal government stops subsidizing generation costs, the Band A tariff of N160 could become unsustainable, and prices might exceed the current rate.

Until that happens, he said it is appropriate that “Ndi Enugu – Band A customers” benefit from the lower tariff starting August 1.

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