National
Give me one week to resolve Naira scarcity, Buhari pleads with Nigerians
President Muhammadu Buhari has pleaded with Nigerians to give him seven days to resolve the cash crunch that has thrown Nigeria in to chaos
Nigerians across the country have been subjected to more hardship by the new policy of the Central Bank of Nigeria to change high value Naira notes with new ones.
Buhari spoke to the Progressive Governors Forum who came to the Presidential Villa to seek solutions to the cash crunch which they said was threatening the good records of the administration in transforming the economy.
A statement by his Senior Special Assistant Garba Shehu quoted him to have indicated that the currency re-design will give a boost to the economy and provide long-term benefits while expressing doubts about the commitment of banks in particular to the success of the policy. “Some banks are inefficient and only concerned about themselves”, said the President, “even if a year is added, problems associated with selfishness and greed won’t go away.”
He said he had seen television reports about cash shortages and hardship to local businesses and ordinary people and gave assurances that the balance of seven of the 10-day extension will be used to crackdown on whatever stood in the way of successful implementation.
“I will revert to the CBN and the Minting Company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President assured.
The Governors told the President that, while they agreed that his decision on the renewal of currency was good and they are fully in support, its execution had been botched and their constituents were becoming increasingly upset.
They told the President that, as leaders of the government and party in their different states, they were becoming anxious about a slump in the economy and the series of elections that are coming. They requested the President to use his powers to direct the concurrent flourish of the new and old notes till the end of the year.
The President said when he considered giving the approval to the policy, he demanded an undertaking from the CBN that no new notes will be printed in a foreign country and they in turn gave him assurances that there was enough capacity, manpower and equipment to print the currency for local needs. He said he needed to go back to find out what was actually happening.
President Buhari told the Governors that, being closer to the people, he had heard their cries and will act in a way that there will be a solution.
National
Edo Governor Joins National Economic Deliberations
Edo State Governor, Senator Monday Okpebholo, attended his inaugural National Economic Council (NEC) meeting on Thursday at the State House Council Chambers in Abuja.
The session was presided over by Vice President Kashim Shettima.
The NEC serves as a vital forum for state governors, deputy governors, and the federal government’s economic team to discuss and address key economic challenges.
In a gesture to mark his first appearance, Governor Okpebholo was invited by Vice President Shettima to lead the opening prayer after the national anthem.
This event underscores Edo State’s active commitment to collaborating on national economic policies and driving solutions for Nigeria’s progress.
National
At Achebe Forum, Obasanjo Labels Nigeria a ‘Failing State’ Criticizes Tinubu’s Leadership
Former President Olusegun Obasanjo has expressed sharp criticism of President Bola Tinubu’s administration, stating that Nigeria’s decline is now evident to “every honest observer.”
Speaking at the Chinua Achebe Leadership Forum at Yale University in the U.S., Obasanjo attributed the country’s deteriorating state to leadership failure, pointing specifically to Tinubu’s governance, which he referred to as “Baba-go-slow and Emilokan.”
In his keynote address titled “Leadership Failure and State Capture in Nigeria,” Obasanjo highlighted that pervasive corruption and mismanagement have worsened Nigeria’s challenges, driving the country deeper into insecurity, division, and underdevelopment.
He quoted the late writer Chinua Achebe, who in his book The Trouble with Nigeria argued that the country’s fundamental problem is a failure of leadership, not a flaw in its people or resources. According to Obasanjo, this diagnosis remains as relevant today as it was over 40 years ago.
Obasanjo cited works by American experts Robert Rotberg and John Campbell, who have characterized Nigeria as a “failed state.” Their argument, he noted, suggests that Nigeria’s inability to maintain security and stability has serious implications for Africa and the world at large.
Additionally, the former President described “state capture” as a pressing issue in Nigeria, where powerful individuals and groups exploit government resources and policies for personal gain. Obasanjo argued that this corruption undermines national interests, with influential elites shaping the country’s legal and economic systems to benefit themselves. Such practices, he warned, compromise public welfare, affecting the quality of education, healthcare, and infrastructure development.
In reflecting on Achebe’s legacy, Obasanjo praised the late author’s commitment to truth and the moral foundation he established for Nigeria. He urged Nigerians and the international community to recognize the dangers of state capture and work towards restoring a governance model that prioritizes the public good.
National
Sule Lamido, Shehu sani disagree over National Security Adviser
The senator who represented Kaduna Central Senatorial District in the 8th National Assembly, Shehu Sani has disagreed with a former Governor of Jigawa State, Sule Lamido over national security issues
Lamido had taken a strong position against the current National Security Advisor (NSA), Nuhu Ribadu accusing him of compromising his professional integrity and acting more like a spokesperson for President Bola Tinubu than fulfilling his constitutional role.
Sani advised Lamido to at least appreciate how the Tinubu led Administration tackled insecurity instead of politicizing it in his comment on the National Security Adviser.
Ribadu who was basking in the euphoria of the recent claims of decimating the insurgents cautioned anyone “not to dare Tinubu”, espercially the new Lakurawa Insurgents a development which infuriated the former governor of Jigawa State and a Chieftain of the Peoples Democratic Party,(PDP), prompting him to take to his verified facebook wall to describe the NSA as “loquacious, flippant and qualified to have been Tinubu’s Minsiter of Information instead of NSA.”
Lamido Criticizes NSA for Sycophantic Behavior, Urges Focus on Duties.
Lamido in his comment had expressed concerns over the NSA’s behavior, particularly his past actions as the Chairman of the Economic and Financial Crimes Commission (EFCC) under President Olusegun Obasanjo. Lamido reminded Nigerians of the NSA’s controversial remarks, including his public labeling of prominent governors—such as Tinubu, Kalu, and Akume—as the “most corrupt.” Lamido pointed out the stark contradiction between the NSA’s earlier criticisms and his current position, serving under the same figures he once condemned.
The former governor called the NSA’s decision to join the administration of President Tinubu—a leader he previously described as corrupt—a “singular mistake,” one that Lamido believes has tarnished the NSA’s credibility and character. “You are not a spokesperson for the President, you are a National Security Advisor,” Lamido emphasized, urging the NSA to return to the professionalism that has historically defined the role.
Lamido argued that previous holders of the NSA position, including the late Umaru Shinkafi, General Gusau, and Colonel Dasuki, all displayed discipline and a low profile, focusing on security matters without resorting to public displays or sycophantic behavior. Lamido lamented that the current NSA’s behavior reflects a departure from this standard, pointing to his increasingly vocal and partisan approach.
Rather than fulfilling his duties as an anonymous and diligent security advisor, Lamido claimed that the NSA’s moral dilemma and excessive displays of loyalty to the president have shifted him into the role of a “Minister of Information,” undermining the neutrality and importance of his position.
In closing, Lamido urged President Tinubu to allow his NSA to regain focus, remove his fears, and return to the professional standards expected of someone in such a sensitive and critical role. The criticism continued to ignite debates about the role of the NSA and the expectations of public office holders in Nigeria, with many calling for greater transparency and consistency from those in power.
Reacting, Shehu Sani countered Lamido in a statement on Friday in Abuja, saying there should be a credit and a commendation for an administration that inherited multi-faceted security challenges ,but which has been reduced to the barest minimum, wondering how the elderly statesman failed to acknowledge the many triumphs of government in bandits hotbed regions in the north.
Sani who served in the upper legislative Chamber in the 8th National Assembly said, he witnessed to the appropriation budget allocated to security which unfortunately did not abate security challenges before now, expressing that Nuhu Ribadu has achieved what many of his predecessors have failed to accomplish despite the hundreds of billions spent in the name of defence and security in the past;
According to him, bandits have been neutralized to a large extent, thus encouraging government in this direction until total victory should have been ideal rather than playing haywire politics which he said may not help the yet-volatile situation in the North.
He said: “Neutralisation of top bandit leaders, end to mass abductions of students in northern schools,
“Securing rail lines and major northern highways hitherto notorious for kidnappings. The prompt response to terrorist attacks on power lines is worth mentioning.
“Security challenges are not over but in all indices of comparison, he has performed better and set unprecedented records. His political critics are fully entitled to their views ,but his delivery on his mandate is unparalleled.”, Sani concluded.
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