Uncategorized
OF REFORMS, INSTITUTIONS, SOCIAL FAULT LINES, AND THE TINUBU DREAM TEAM
Striking a healthy balance between revenue and expenditure is one of the macroeconomic policy goals of government. To achieve this fiscal balance, policy interventions should be holistic and properly embedded in relevant institutions to maximize impact and ensure sustainability. Thus, economic reforms should, by necessity, consider the wider environment and the existing level of government fiscal discipline.
The Tinubu government may congratulate itself for its series of both fiscal and monetary reform initiatives, but its neopatrimonialism in spending remains challenging and uninspiring. The expected frugality has been missing, evident in clientelist dealings with institutions like the National Assembly, the Judiciary, and the Cabinet. The rising government expenditure on the National Assembly, the Judiciary, and the continuous maintenance of non-critical MDAs runs counter to the spirit of austere times. Reforms tend to become a basket case when the gains are expended on non-essentials, as demonstrated by the government in recent times.
Right Initiatives, Wrong Priorities
The government recently sent four Economic Stabilization bills to the Assembly for consideration, as part of Nigeria’s overall Fiscal Framework. They include: Nigeria Revenue Service, the Joint Revenue Board, Nigeria Tax Administration, and a Tax (taxation) bill. The government aims to achieve efficiency in tax administration and maximize revenue.
These plans hold promise but haven’t gone far enough to address the oversized and top-heavy governance setup. In its present form, fiscal reforms may struggle to succeed if the size of the executive and the legislature remain unreformed alongside fiscal intervention. Furthermore, the government’s high propensity to spend on non-essentials should equally be curbed.
Fiscal reforms only become meaningful if spending is prioritized. It’s like fetching water and filling a bottomless pit—a scenario that has characterized successive governments in Nigeria. The latest being the new, and ill-timed, “financial romance” between the executive and the Judiciary on one hand and between the executive and the Legislature on the other. Maintaining harmonious relationships among these branches is not the issue but rather the prohibitive cost of doing so, especially when government struggles to address critical challenges like mass youth unemployment, endemic poverty, infrastructure decay, and national insecurity. Nigerians are grappling with unprecedented economic hardships of late.
On a few occasions, hardships have forced the public to take to the streets, demonstrating and calling for the government’s attention to their plight. Understandably, given the prevailing cash crunch, the government could do little more than call for calm with a promise to “do something.”
That said, new policy measures arrived just as Mr. President took delivery of a customized aircraft and announced a 300% pay raise for judicial officers. He also embarked on constructing 40 units of luxury homes for their Lordships, perhaps to prevent their wigs from gathering cobwebs in their current “unbefitting” houses. Next year, 20 more units will be added. One really wonders who convinced the government that the stench in Nigeria’s Administration of Justice is caused by aging lavatories and leaking roofs in Justices’ homes. Nigerians are not finding this amusing.
The much-anticipated cabinet reshuffle failed to impress many. Highlights included the merger of two ministries into one: Tourism and Arts/Culture, now forming the Federal Ministry of Culture, Tourism, and Creative Economy. The exercise also involved reassigning 10 ministers, dropping five others, and appointing seven new ones. A new Ministry of Regional Development was created, alongside an earlier-established Ministry of Livestock.
Though commendable, these initiatives fell short in terms of depth and scope, leaving out governance institutional frameworks. Critical MDAs and even the Legislature’s operations should have been reformed. Economic policy reforms become more impactful and sustainable when carried out alongside repositioning relevant institutions, especially inefficient and over-bloated ones.
Cumbersome Cost Centers Left Out
The executive arm’s bloated size remains intact. With over 21 federal ministries and 45 ministers (including state ministers), it is undoubtedly top-heavy. When the President proposed a recent cabinet reshuffle, citizens expected him to reduce the number of ministries and ministers to save costs. Surprisingly, the number of ministries stayed the same (some were given new names), and the seven ministers dropped were replaced. Political considerations likely outweighed economic ones. Although Nigeria shouldn’t need up to 37 ministers, it has to, since the constitution requires each state, plus the FCT, to be represented. However, the number of ministries could be reduced to about 25, allowing some ministers to serve as “Ministers of State.”
A possible reform area also left unaddressed is the National Assembly (NAss). Despite the serious cash crunch, the government doesn’t seem ready to curb the massive national spending on the Nigerian Legislature. Intended primarily to enact laws and oversee government activities, the NAss has morphed into an implementation arm under the guise of Constituency Projects. The Assembly also burdens taxpayers with emoluments for nearly 2,570 legislative aides. Nigeria spends an average of N20 million monthly per member—among the highest worldwide. For instance, the office of the Senate President is entitled to 45 legislative staff, the Deputy Senate President to 30, the House Speaker to 33, the Deputy Speaker to 15, and Principal Officers to 10 each. The balance is distributed among the remaining members.
To make reforms more impactful, the government should address the above areas. The nation’s situation does not allow for half measures, especially given the over 60% multidimensional poverty rate, 20 million out-of-school children, 80% of national highways in disrepair, and power supply hovering around 5,000 MW for over 200 million people.
The Need to Move Beyond the Cosmetic
While the government should continue refining reforms, additional options could be explored. These include:
- Streamlining and merging some ministries. Nigeria needs no more than 25 ministries, as its key sectors should align with this number. Hundreds of specialized parastatals and agencies handle implementation, leaving ministries to focus on policy formulation, regulation, and advising the President. Yet, overlaps are apparent, such as between the Ministry of Trade and SMEDAN regarding IDC management, or the Labour Ministry and NDE in skills training.
Proposed mergers might include:
- Science and Technology with Education
- Housing and Urban Development with Works, as states play a greater role in housing development
- Blue Economy with Water Resources and Sanitation
- Aviation with Transportation
- Steel Development with Power
- Special Duties and Intergovernmental Affairs to be handled by a Presidential Liaison Officer
- Police Service Commission should be subsumed by the Ministry of Police Affairs, or vice versa.
Another reform area is reducing the number of ministers to improve cost-effective efficiency.
- Reducing legislative aides. Cutting down the nearly 3,000 legislative aides by half and removing Constituency Project budget provisions would help members focus on lawmaking and oversight while reducing corruption in the National Assembly.
- Enhancing oil and gas security. The government should address oil bunkering in oil-producing areas, starting with complicit security personnel. With over 400,000 barrels per day lost to theft, a substantial economic threat persists. Security should be bolstered, possibly through foreign expert firms, as done in Angola.
- Reviewing salary structures. Harmonizing disparities in public service pay structures could improve morale and productivity. The extensive pay gaps between civil servants in ministries versus revenue-generating establishments like CBN and NNPC are difficult to justify.
Overburdened, Weak Economic Base
The suggested reforms may seem daunting, but Nigeria’s history of imprudence and poor economic state leaves limited options. A decade ago, then-CBN Governor Sanusi Lamido Sanusi claimed that running the National Assembly cost Nigeria nearly 25% of the national budget. Assembly members contested this, asserting a 3.5% budget allocation. However, a more realistic figure, including Constituency Projects, may hover around 10%.
Given these conditions, President Tinubu should leverage his authority to navigate Nigeria away from a looming economic crisis. His administration has an opportunity to lay a solid economic foundation but must avoid ethnic-based appointments at the expense of national interest.
Uncategorized
Seven Killed in Fresh Attack on Benue Community
By: Fabian Apechihin
At least seven people have been confirmed dead following an ആക്രമ by suspected armed herders on Channel One community in Logo Local Government Area of Benue State.
The affected settlement, located along the Arufu–Wukari road near the border with Taraba State, was reportedly invaded late Sunday night. Residents said the attackers stormed the area around 11 p.m., firing indiscriminately and forcing villagers to flee.
A local resident, Amos, who spoke via telephone, said the sudden gunfire caused panic as people ran for safety. A community leader, Joseph Anawah, also confirmed the нападение, initially reporting six fatalities and identifying the victims as Akor Gwakyaa, Msooter Gwakyaa, Aondoungwa Michael, Vershima Michael, Terna Michael, and Msughter Terzungwe.
He added that several others sustained serious injuries and were taken to hospitals in Anyiin, while about seven critically injured victims were transferred to Ugba for further treatment.
According to Anawah, the attackers—believed to be armed Fulani herders—arrived in large numbers on motorcycles and were heavily вооружены. He alleged that they may have come from a camp in Shaor, a deserted village in Logo LGA previously flagged in intelligence reports as a base for armed groups.
The assault has triggered fresh displacement, with residents of the affected and nearby communities fleeing to safer locations over fears of additional attacks.
Chairman of Logo LGA, Clement Kav, confirmed that seven people were killed and four others injured. He said the assailants carried out a swift हमला before retreating.
Kav noted that the incident has been reported to the police commissioner and the state’s Special Adviser on Homeland Security.
Meanwhile, the spokesperson of the Benue State Police Command, DSP Udeme Edet, said she had not yet received full details of the incident but promised to provide updates.
The latest killings add to a growing wave of violence across Benue State. In recent days, multiple attacks have been recorded, including the killing of a traditional ruler and his family in Agatu LGA, as well as the murder of three mourners and abduction of two others in Ushongo LGA.
Community leaders are now urging both state and federal authorities to strengthen coordinated security operations, particularly along border areas, and to dismantle suspected armed camps to prevent further bloodshed.
Uncategorized
Court Orders Accelerated Trial Of Alleged Coup Plot Suspects
By: Fabian Apechihin
A Federal High Court sitting in Abuja has directed that the trial of six individuals accused of plotting to topple President Bola Tinubu’s government be fast-tracked.
In a ruling delivered on Monday, Justice Joyce Abdulmalik approved an accelerated hearing process and scheduled April 29, April 30, May 4, and May 5 for the start of the trial, along with the hearing of bail applications. She, however, stated that proceedings would commence before any bail requests are entertained.
Those standing trial are Mohammed Ibrahim Gana, a retired major-general; Erasmus Ochegobia Victor, a retired navy captain; Ahmed Ibrahim, a police inspector; and Zekeri Umoru, an electrician attached to the Presidential Villa. Also charged are Bukar Kashim Goni and Abdulkadir Sani, a Zaria-based cleric.
The defendants are facing a 13-count charge that includes allegations of treason, terrorism, failure to disclose information, and money laundering. All six pleaded not guilty. One of the charges accuses them of conspiring in 2025 to wage war against the state in a bid to unseat the President.
Attorney General of the Federation, Lateef Fagbemi, informed the court that the prosecution is prepared, with witnesses ready to testify. However, defence lawyers—among them Mohammed Ilayepo, Paul Erokoro, A.I. Yeru, and N.S. Diri—objected to the timeline, citing inadequate notice and the complexity of the case.
Despite the concerns raised, the court instructed all parties to cooperate in ensuring a swift trial.
The session was held under heavy security, with journalists barred from the courtroom. Officials, backed by operatives of the Department of State Services, asked reporters to leave shortly before proceedings began.
Meanwhile, a separate military tribunal involving 36 serving officers allegedly connected to the plot is scheduled to resume on May 8. The Defence Headquarters confirmed that the officers are being tried under military law at a tribunal in Abuja.
The parallel civilian and military proceedings highlight the scale of the alleged plot, which authorities say involves both civilians and active-duty personnel.
Former Bayelsa State Governor Timipre Sylva, who was named in several counts but not formally charged, is said to be at large.
The six accused persons had earlier been arraigned and remanded in DSS custody as investigations into the alleged coup plot continue.
Uncategorized
Policy Summersaults Threat To Nigeria’s Growth: CRC Boss
Stephen Olufemi Oni, Ilorin
Nigeria’s quest to build a vibrant entrepreneurial economy is under serious threat due to inconsistent government policies, weak infrastructure and fragmented data systems, Managing Director of CRC Credit Bureau Limited, Dr Ahmed Babatunde Popoola, has said.
Popoola raised the alarm while delivering a lecture at the Kwara State University (KWASU), Malete, where he stressed that access to finance alone cannot drive business growth without trust, reliable data and coordinated policy direction.
According to him, Nigeria must urgently strengthen three key pillars—financial services, financial infrastructure and socio-economic systems—to compete with leading entrepreneurial economies globally.
“We must develop all these three in Nigeria to join the league of entrepreneurial economies,” he said.
He expressed concern that frequent policy changes by successive administrations have weakened the impact of government interventions on small businesses and consumers.
“At the public policy level, a coherent access to finance framework for consumers and SMEs needs to be developed. We have observed that different administrations embark on different policies and continuity is not guaranteed. This is a major challenge in Nigeria,” Popoola stated.
The CRC boss also decried the dominance of informal credit systems, warning that millions of Nigerians, including users of unregulated digital lending platforms, remain outside the formal financial ecosystem.
“A lot of credit activities take place informally outside the formal financial system. A robust finance framework would connect these fragmented sources to the formal system and enhance financial inclusion,” he said.
On identity management, he called for the harmonisation of multiple identification platforms under the National Identification Number (NIN), proposing a unified system for all Nigerians.
“We need to accelerate the fusion of tax ID, passport, BVN, driver’s licence and voter’s card with the NIN. It should be the only unique number for everyone,” he added.
Popoola further warned that rising digital financial transactions have increased exposure to fraud and data breaches, urging stricter enforcement of data protection laws.
“Data is central to the success of the financial system. It must be protected from abuse and unauthorised access. Strict compliance with data protection regulations should be enforced,” he said.
He also urged government to unlock critical data held by telecom firms, power distribution companies, insurers and tax authorities to support credit bureaus in improving lending decisions.
“With the right data, credit bureaus can unlock access to credit for consumers and small businesses. Today, data is locked up in silos and not useful to the economy,” he noted.
Highlighting infrastructure gaps, Popoola described poor electricity supply as a major obstacle to industrialisation and enterprise development.
“I do not think any nation can achieve greatness if access to electricity remains as poor as we currently have it in Nigeria,” he said.
He challenged universities to conduct impact assessments on government-backed SME programmes, noting a lack of evidence on whether such interventions are achieving desired outcomes.
“Rigorous research should determine whether these supports are achieving expected outcomes. As of now, we have little research activities in this area,” he added.
Popoola, however, acknowledged progress in Nigeria’s digital ecosystem, citing the growth of fintech firms such as Flutterwave, OPay, Interswitch and MoniePoint as evidence of emerging trust infrastructure.
“Government direct financial support is a form of subsidy and cannot materially address the gaps in access to finance. The promotion of financial infrastructure will move the needle faster,” he said.
He emphasised that improving education and healthcare systems is critical to unlocking the potential of Nigeria’s youthful population.
“When we build the capacity of people through quality education and accessible healthcare, we will unleash opportunities for our youthful population to live lives of dignity and prosperity,” Popoola said.
Meanwhile, the Vice-Chancellor of Kwara State University, Professor Shaykh-Luqman Jimoh, reaffirmed the institution’s commitment to bridging the gap between academia and industry through strategic partnerships.
Jimoh said the collaboration between the university and CRC Credit Bureau Limited would enhance students’ employability through internships, research and industry exposure.
“This lecture is one way we as a university are forging synergy with industry,” he said.
“Our students stand to benefit from structured internships, industry exposure, and targeted employability training, while our faculty will engage in joint research and knowledge exchange that strengthens both academic output and industry practice,” Jimoh added.
He noted that the partnership, formalised in January 2026, focuses on finance, data science and credit management, positioning the university as a driver of economic transformation.
“For us, theory must meet practice on our campuses while practice must reflect grounded theories in our communities. This is the only way universities can contribute meaningfully to national development,” he said.
Also speaking, the Dean of the Faculty of Management and Social Sciences, Dr Rahman Mustapha, underscored the importance of trust in building a sustainable financial and entrepreneurial ecosystem.
“The future of finance and entrepreneurship in Nigeria rests on your shoulders, and trust remains the currency that will sustain your endeavours,” Mustapha told students.
He described the lecture as timely, noting that stronger collaboration between academia and industry is essential for preparing students for real-world challenges and driving national development.
-
Uncategorized5 years agoFG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines10 years agoBreaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News12 years agoNigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years agoHow 21-year-old Girl fled community over accusation of lesbianism
-
News10 years agoYobe Gov Moves Against Deputy
-
Opinion7 years ago7 signs she has friend zoned you
-
Technology5 years ago
Online job placement company headhunts women
-
Headlines10 years agoBorno Dep Gov Abducts Another Church Leader
