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And Sanwo-Olu Makes His first Mistake?
By Eric Elezuo
The best footballers are always those watching from the stands or from their living rooms via cable transmission. These set of people know exactly what a particular player should do or should have done with the ball at any point in time. They know the moves that should result to goals and are quick to heap abuses and insults on the footballers for any slip, no matter how inconsequential. But give this group an opportunity to play the actual game, you will be amazed at the height of their folly. This describes the fact that there is a difference between the game outside and the actual game.
Having said that, it is imperative to recall that not long ago, the governor-elect of Lagos State, Mr. Babajide Sanwo-Olu, supposedly played to the gallery, as believed in some quarters, when he informed a set of audience that he would fix permanently the dreaded Apapa gridlock within the first two months of his administration – 60 days in his exact words. Yes, there is nothing wrong with making promises or setting targets for yourself as regards a particular assignment, but the seasoned technocrat should have been guided by precedence as well as the situational variables at work before making such a lofty promise.
Every Lagosian understands how hungry Sanwo-Olu is to make a difference considering the great standard his predecessors vis a vis Asiwaju Bola Tinubu, Mr. Babatunde Fashola and Mr. Akinwumi Ambode, who is billed to leave office in a couple of days, have set. This is even considering the circumstance surrounding his emergence as his party’s flag bearer in spite of Ambode. The party leadership roundly rejected Ambode, paving the way for Sanwo-olu. At this point, Sanwo-Olu feels he needs to prove a point, but has he done it the right way with the 60 days target of revamping the Apapa gridlock, which has defiled all known solutions so far.
Has Sanwo-Olu consulted the likes of Fashola and his would-be immediate predecessor, Ambode, to find out the situation that assaulted their breakthrough in that regard? Has he done a thorough preliminary or feasibility study of the situation to decide the timing of action and completion?
He would not have made a mistake if by a dint of hard work or stroke of luck he succeeds – the applaud will be loud and sharp. But should he fail; the jeers will last him a lifetime and make a mess of his four years administration. He would spent the rest of his days explaining the whys and hows of the failure. Ask Fashola how he is fairing with the unguarded statement of 2014 that “any serious government will fix the power situation within six months”. No matter how hard he tries to keep a straight face or defend his statement and actions, deep down in his heart, he knows he shouldn’t have said that, and of course he has learnt his nations.
Sanwo-Olu’s zeal to serve the people Lagos State is very obvious and commendable, but common sense demands that he should have kept the timing close to his chest, face the challenge headlong and surmount it without pressure from any quarters. Of course, he is going to be under serious pressure now.
He is already the governor-in-waiting, and has no reason to play to the gallery for anyone to dance or make any political statement – the campaign seasons are over.
Now you have said it sir, it imperative you prove as many that thinks you have made a mistake wrong. Let the Apapa gridlock be the first in your priority list. In fact, whatever plans you have should hit the ground running very early on Thursday, May 30, 2019.
May this utterance not be counted as a mistake against you by July 30, 2019 when 60 days would have elapsed. Nigerians don’t forget!
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.
The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.
The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.
Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.
The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.
The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
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Self acclaimed leader of the Indigenous People of Biafra (IPOB), Simon Ekpa, has been arrested by law enforcement in Finland.
The BBC reports that Ekpa was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media”.
Ekpa was said to have committed the crime in 2021 in Lahti municipality.
The Finnish National Bureau of Investigation (NBI) also arrested four other men over alleged terrorist offences.
A citizen of Finland and Nigeria, Ekpa has described himself as leader of the separatist IPOB group since Nnamdi Kanu’s incarceration.
Finnish police say Ekpa’s activities and social media rhetoric may have fanned the flames of violence in the south-east of Nigeria.
“He carries out these activities from his social media channels, for example,” said Otto Hiltunen, detective chief inspector of the NBI.
In February 2023, Ekpa was arrested by police at his residence in Lahti but was released after hours of questioning.
Using his social media channels, Ekpa had directed Igbos not to participate in Nigeria’s 2023 general election.
In September 2021, the Biafra agitator and secessionist denounced Nigeria and vowed to return the medal he won for the country at the 2003 African Junior Athletics Championships.
The Court of Appeal has sacked Musiliu Akinsanya aka MC Oluomo as the National President of the National Union of Road Transport Workers (NURTW).
In a ruling that upheld the earlier judgment of the National Industrial Court, the appellate court sacked MC Oluomo and reaffirmed Tajudeen Baruwa as the legitimate leader of the union.
Baruwa had assumed office after a properly conducted election held at the union’s headquarters in Abuja.
The three-member panel of the Appeal Court dismissed the appeal filed by MC Oluomo’s faction, declaring it devoid of merit.
In addition, the court imposed a fine of N100,000 on the appellants, further solidifying Baruwa’s leadership position.
Reports quoting court documents said to have been released on Friday detailed the ruling, which effectively countered any attempts to displace Baruwa from his role as the NURTW president.
The judgment read: “This is an appeal against the judgment/decision of the National Industrial Court Sitting in Abuja, in Suit No. NICN/ABJ/263/2023, delivered on the 11th March, 2024, by Justice O. O. Oyewumi.
“Upon reading the Record of Appeal compiled and transmitted before this court, together with the respective briefs of argument, and after hearing the counsels for the appellants and respondents, it is hereby ordered that:
“This Appeal is devoid of merit, and the same is hereby dismissed.”
The ruling reinforces the legitimacy of Baruwa’s presidency, concluding the legal dispute over the union’s leadership.
Meanwhile, MC Oluomo’s son Idowu Akinsanya (King West) had bragged about his feat of emerging the NURTW president, saying: “We are now in charge of Nigeria, not only Lagos,” a comment that attracted public opprobrium.
MC Oluomo, a diehard supporter of President Bola Tinubu and a prominent figure in Lagos politics, was the sole candidate in the election, which took place at the union’s zonal secretariat in Osogbo. His perceived victory was deemed to carry significant implications for the future of the NURTW and the political landscape of Nigeria.
