National
Germany-based CEO traces Nigeria’s recent hardship, hyper inflation to Subsidy removal
***Advices Tinubu to carry Nigerians along in driving his policy objectives
***Describes Author of Tree of Life as someone who went overboard to achieve her dreams
The CEO of Telesource GmbH, an IT company based in Frankfurt, Germany, Dominic Akahan has advised the Nigerian Government to be less aggressive in its approach to policy formulation and execution as it may be counter productive like the Fuel subsidy removal has proven to be.
President Bola Tinubu at inauguration on May 29th, 2023 as President of the Federal Republic of Nigeria had announced the removal of Fuel subsidy which triggered inflation that has visited untold hardship on Nigerians.
He spoke at the a book Launch with the Title, The Tree of Life, My voyage of Bravery, Development and Acceptance, authored by Stephanie Seember Mwese Zape-Kurschat, over the weekend in Abuja.
Explaining the aftermath of the inauguration day declaration that Fuel subsidy is removed, Akahan said
“When the President was sworn in, we expected that this oil subsidy removal would take a gradual step but all of a sudden, we woke up and heard that the fuel price has increased to whatever, and oil subsidy has been removed of course there will be inflation.
“That is a trigger for inflation, and indeed it triggered inflation. Nigerians today are also the architect of their problems because when such things happen, they make things even worse for themselves.
“You go to the market today, a market woman that doesn’t even import items has increased her prices in geometric pattern, the taxi man on the street had blown the price up, which is understandable.
“Those are the things we were looking at in leadership. That is why the previous leaders did not do that aggressively. Mr. President is on a good road.
However, he advised that whatever the case may be, Tinubu should also think of human capital development, and develop human capital, just like the Europeans and the Americans do.
According to him, Nigerians are easy to manage because they don’t really protest.
“Abroad, they would have hit the streets, burned down everything. Try that in Paris. That’s what they would do. But we thank God that we are patient people. And patience goes a long way.
“So this is not a criticism on the government. It is just a little advice from my own perspective that some things should be done step by step and involve people, educate people, let them know where we are going, because as of today, some people don’t know why the subsidy was removed and where is Mr. President going.
He said there is need to educate the populace because “If you let people know where you are going, they will align with you. Because this is like a change, transformation. If you transform a scenario and people do not align with your concept, then, the transformation is dead on arrival.
On the Book Launch he said the author is his adopted daughter whom he took to Germany for treatment and has overcome her challenges.
“I followed her milestones, her obstacles, and how she was able to manage some of the things that she encountered in life. And then her illness.
“Stephanie is somebody I brought to Germany and I had a reason for bringing her to Germany and the reason is today justified.
“As you see a beautiful girl walking around here. She has encountered various obstacles in life but had managed to come out successfully.
“Stephanie is somebody that will go overboard to achieve her objectives. And I have always cherished that in her, because looking at where she came from and what she has achieved today, you realize that this is a young girl that has actually crossed so many rivers, turbulent rivers.
“And She swam through these rivers and wasn’t eaten by a shark. So whatever the case may be, I cherish her a lot. I admire her a lot as my daughter.
“I don’t have a daughter, so she’s adopted as a daughter.
Akahan said he has assisted over
200 Nigerians from this country to Germany for treatments adding that when her issue came up, and he was approached that he should help, he didn’t waste any time.
Stephanie said she had been through four brain surgeries that all had 50-50 chance but God delivered her from them all as she has been healed and hence decided to put down her experience for others to learn.
The 310 paged book unfolds the remarkable journey of a young Orphan girl who hails from Gboko LGA in Benue State.
Within the lines, her life story unravels, chronicling her part from childhood to adulthood, navigating through personal trials, triumphs and the pursuit of her dreams.
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.
-
Crime1 year ago
Police nabs Killer of Varsity Lecturer in Niger
-
News12 months ago
FCT-IRS tells socialite Aisha Achimugu not to forget to file her annual returns
-
Appointment1 year ago
Tinubu names El-Rufai, Tope Fasua, others in New appointments
-
Kogi1 year ago
INEC cancells election in 67 polling units in Ogori-Magongo in Kogi
-
Kogi1 year ago
Echocho Challenges Tribunal Judgment ordering rerun in 94 polling units
-
News1 year ago
IPOB: Simon Ekpa gives reason for seperatists clamour for Biafra
-
Metro10 months ago
‘Listing Simon Ekpa among wanted persons by Nigeria military is rascality, intimidation’
-
News1 year ago
Kingmakers of Igu/ Koton-Karfe dare Bello, urge him to reverse deposition of Ohimege-Igu