National
Nigeria’s leaders rented the country to Boko Haram, bandits – Adewale Adebayo
The Presidential candidate of the Social Democratic Party, (SDP) Adewale Adebayo has indicated that Nigeria has loaned out to terrorists by the leaders so that the people can be busy praying in worship centres while the leaders loot the nation dry.
He said the people of the country, who he referred to as the shareholders must recover their country from the present crop of leaders so that the country will move from being a potentially great country to actually a great country.
Prince Adebayo stated this Thursday in Abuja in a Keynote address titled “Economic imperatives for sustainable development in Nigeria – from potential to actuality” at the launch of a book “Break the Box, Be Your Boss: Eneconomics principles for the making of a master-achiever” written by Enojo James.
According to him Nigeria is a political entity even though Boko Haram and bandits behave as if it is not a political entity, adding “the reason why Boko Haram and bandits are walking around is because those in charge of the political entity are allowing them, they have rented the place to them.
If they don’t want them to walk around, they will eradicate them.
“If the president of Nigeria wants to eradicate Boko Haram in 20 days, he will eradicate Boko Haram in 20 days. If he doesn’t want bandits, in seven days there will be no bandits. If he doesn’t want one chance in Abuja, in five days there will be no one chance in Abuja”.
However, he said, ”They will create the problem to send you to Church while they go to Central Bank”.
Talking of Nigeria as an “economic entity”, he said the country is first and foremost a company registered in London as Royal Niger Company by Goldie Taubman who bought the territory from the British and set up the West African Frontier Force to deal with any obstruction to his business.
He said the Royal Niger Company later became United African Company, UAC, which the British bought back from Taubman Goldie and set up Southern and Northern protectorates and brought them together in 1914 to become Nigeria.
Therefore, it is no wonder that Nigeria as an economic entity is making a lot of money, but the people get nothing because the present leaders still see Nigeria as a business, he said.
“Nigeria is first aó business and it is still being run as such. If you want to run it you contest election”.
According to Adebayo, Accountant General of the Federation, AGF, Ahmed Idris “is not a thief, but works for thieves. If you know what he stole, you will run out of this hall – no calculator can take it – it will only say error”.
“The Accountant General, the call him, bring money, give to oga. So, he keeps a little part of it. It’s not as if Accountant General is a thief, no! He works for thieves; he is not the real thief, he just works for them. When they say bring N20, he will keep 20k out of it. That 20k he has been keeping, that is what became 140 something billion naira. It is not the real money. If we mention the real Monday you run out of this hall”.
He said that is responsible for why Nigerian leaders don’t need efficiency or accountability and urged the “shareholders to be serious and insist that Nigeria must grow enough food to feed its citizens, provide housing, medical care to stop untimely death and give sound education to the citizens, adding that “failure to get appropriate education leads to unproductive and destructive population.
Also speaking at the programme, former Minister of Sports Solomon Along said “2023 is a critical year and Nigerians vote for Maggi, Salt or money they should not blame any government that is the product of that election”.
“We blame government in this country, but we should think of blaming those who produce that government. I mean it is not Nigerians, but the delegates who produced the candidates that Nigerians are given the option to chose between three or four devils without the appropriate knowledge which of the devils is a better one. We have been made to just look at them in the faces and say, well this one looks much better devil, not knowing we are going for the worst.
He advocated that the electoral umpire, INEC should include in their laws a tribunal to try delegates who collect money and hoist candidates on Nigerians.
The author of the book, Enojo James said the concept of the book is based on his personal experience on starting business small and grow it using step-by-step approach.
He said “in Nigeria we know what to do but we lack the guide to do it”, adding “everybody wants to be successful, but not everybody is successful. That is why I have put the approach in a book”.
National
Senator Natasha Calls for Economic, Cultural Renaissance in Northern Nigeria
The Senator representing Kogi Central in the National Assembly, Natasha Akpoti-Uduaghan has called for a rebirth of Northern Nigeria’s economy and cultural identity, urging the region to reclaim its historical standing as a center of agricultural and industrial prosperity. Speaking at the Sardauna Memorial Day in Kaduna, the senator emphasized the urgent need to revitalize the region’s economic output, which has sharply declined in recent decades.
Senator Akpoti-Uduaghan evoked the legacy of the Sardauna of Sokoto, Ahmadu Bello, whose leadership policies fostered economic growth and industrialization across Northern Nigeria in the mid-20th century.
She stressed that the once-thriving agricultural and industrial sectors in the region have deteriorated, diminishing its economic influence.
A Look Back to Economic Glory
The senator lamented the downfall of key industries, highlighting the sharp decline in Northern Nigeria’s groundnut industry. She pointed out that in 1959, groundnut exports from Northern Nigeria to the United Kingdom were valued at £27 million—equivalent to ₦3.6 trillion today. However, she noted that the industry now generates a meager $3 million annually, signaling a significant loss in economic potential.
“The collapse of the groundnut trade and other key industries represents a tragic loss to our region,” Akpoti-Uduaghan said. “We were once an economic powerhouse, but now, we are seeing a shadow of what we once were.”
The senator also cited the fall of the cotton industry, once integral to both local and global economies, with the Kaduna Textile Mill serving as a vital employment hub. Today, she said, the cotton industry has all but vanished, despite the global market generating $21 billion annually.
Senator Akpoti-Uduaghan urged Northern leaders to adopt a more progressive, developmental mindset to revive the region’s industries. She called for strategic planning and innovation to rebuild the entrepreneurial ecosystems that once flourished.
“It is crucial that we focus on rebuilding our economic resilience. We must move beyond dependence and work towards a prosperous future by harnessing our agricultural and industrial potential,” she urged. “This is the time for bold leadership.”
In her speech, Akpoti-Uduaghan also discussed the importance of economic diversification, acknowledging that while recent tax reforms have raised concerns, the region’s resistance is due to its lack of preparedness. She emphasized that a diversified economy would better withstand such changes, pointing out that a thriving groundnut industry could have alleviated the shock of economic reforms.
“Had we maintained a strong agricultural base like the groundnut industry, these reforms wouldn’t be as disruptive,” she said. “It’s time to stop making excuses and take concrete steps toward economic renewal.”
The senator further stressed the importance of preserving the North’s cultural heritage as part of the region’s revival. She called on all stakeholders—leaders, civil society, and citizens—to collaborate in protecting the cultural values that have defined the North for centuries.
The Sardauna Memorial Day event, which honored the legacy of Ahmadu Bello, saw the attendance of prominent figures such as Kaduna State Governor Senator Uba Sani, represented by Abdulazeez Ishak, and Northern Elders Forum Chairman, Prof. Ango Abdullahi.
Senator Akpoti-Uduaghan’s impassioned address has sparked renewed conversations about the North’s potential to reclaim its role as a major economic force in Nigeria.
With a call for innovative leadership and economic rejuvenation, the senator is leading the charge for the region to restore its economic vitality and cultural prominence.
National
Alaafin Oyo Throne: Makinde Seals Royal Transition Amid Kingmakers’ Rift
Governor Seyi Makinde of Oyo State has officially presented the staff of office to Prince Abimbola Owoade as the new Alaafin of Oyo, solidifying a royal transition that has sparked controversy among the Oyomesi, the traditional kingmakers of Oyo.
The ceremony, held on Monday, comes nearly three years after the passing of the late Alaafin, Oba Lamidi Olayiwola Adeyemi III, and despite resistance from five members of the Oyomesi, who argued that Prince Owoade’s selection was not legally sanctioned.
In a letter addressed to Governor Makinde, the dissenting kingmakers, represented by Adekunle Sobaloju (SAN), maintained that Prince Luqman Gbadegesin was their preferred candidate. The letter was signed by prominent Oyomesi members, including High Chief Yusuf Akínade (Bashorun of Oyo) and others acting as stand-ins for key traditional roles.
However, the state government defended its decision, with Commissioner for Information and Orientation, Prince Dotun Oyelade, stating that Owoade’s selection followed rigorous consultations and divinations, aligning with royal traditions.
The new Alaafin hails from the Owoade-Agunloye royal family and brings a distinguished academic and professional background to the throne. He holds degrees in Mechanical Engineering from both the University of Sunderland and Northumbria University in the UK and has served in key engineering roles, including his current position as a Project Coordinator at Manitoba Hydro, Canada.
This historic moment signifies a fresh chapter for the Oyo monarchy, even as it stirs discussions on the balance of power between the government and traditional authorities. As Prince Abimbola Owoade ascends the throne, the state looks forward to a reign that fosters unity and development for the Oyo Kingdom.
National
Mambilla Power Saga: Nigeria’s Cross-Examination Debacle Looms at ICC Arbitration
****Obasanjo, Buhari, Others Set to Testify as Mambilla’s 52-Year Legacy Hangs by a Thread
The International Court of Arbitration in Paris is set to witness high-profile legal drama as Nigeria faces potential disgrace in its decade-long battle over the $6 billion Mambilla Hydroelectric Power Project. The landmark case, initiated by Sunrise Power and Transmission Company against the Federal Government of Nigeria, reaches its climax this January.
Once a beacon of hope for Nigeria’s energy independence, the Mambilla project, conceived in 1972, now symbolizes decades of political interference, corruption, and bureaucratic bungling.
With the final arbitration hearing on the horizon, Nigeria’s chances of escaping liability appear grim, especially as key witnesses, including former ministers Abubakar Malami and Mamman Saleh, are conspicuously absent.
First awarded in 2003 under a Build-Operate-Transfer (BOT) model, the project has been dogged by abrupt policy reversals, contract cancellations, and re-awards.
The most controversial pivot came under President Olusegun Obasanjo, who shifted from BOT agreements to procurement contracts, fracturing the initial plan. Successive administrations, including those of Presidents Yar’Adua, Jonathan, and Buhari, oscillated between reviving the original agreement and renegotiating settlements.
The hearing promises explosive revelations as former Presidents Obasanjo and Buhari testify alongside ex-ministers and experts. Buhari is expected to defend his administration’s controversial 2017 re-award of the project, while Obasanjo faces scrutiny for altering its trajectory during his tenure.
Both are set for rigorous cross-examination, with Obasanjo’s testimony particularly fraught with detours into past scandals, including his BBC HARDTalk interview where he was labeled “the grandfather of corruption in Nigeria.”
The absence of Malami and Saleh, pivotal to the government’s defense, casts a long shadow over Nigeria’s case. Their negotiated settlement agreements with Sunrise in 2020—a $400 million compensation deal—remain critical but controversial elements of the dispute. Meanwhile, Sunrise’s star witness, former Attorney General Michael Aondoakaa, is poised to dismantle Nigeria’s counterclaims with damning insights into governmental lapses.
Beyond the courtroom drama, the stakes for Nigeria are monumental. A protracted legal battle and possible adverse judgment could further delay the project by six years, exacerbating the country’s energy crisis. With less than 4,000 MW of electricity shared among 240 million citizens, Mambilla’s delay perpetuates a cycle of economic stagnation, industrial decline, and social unrest.
President Bola Tinubu’s administration inheritd a quagmire of broken promises and unmet potential. While hopes for transformative leadership remain, the arbitration outcome will test Nigeria’s resolve to break free from decades of mismanagement.
Without decisive action, the Mambilla dream could remain just that—a dream, leaving millions of Nigerians in darkness.
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