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And Sanwo-Olu Makes His first Mistake?
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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!
Former Vice President and African Democratic Congress presidential candidate, Atiku Abubakar, has said President Bola Tinubu’s request for approval to borrow $20.52 billion and €1.045 billion vindicates his October 12 warning about a loan plan of up to $20 billion.
Atiku said the President’s failure to identify the specific projects the loans would fund raises serious concerns that borrowed public money could be channelled through the Lagos–Calabar Coastal Highway, now rerouted inland, to political campaigners and favoured contractors.
In a statement issued by Phrank Shaibu, Director of Strategic Communication of the ADC Presidential Campaign Council, Atiku said:
“On October 12, I warned Nigerians that President Tinubu was reportedly preparing to borrow up to $20 billion in connection with the Lagos–Calabar Coastal Highway. I asked him to confirm or deny the plan and publish the accounts. He did neither. Today, he has asked the Senate to approve $20.52 billion and €1.045 billion in external loans. My warning has been vindicated.
“The President has listed broad sectors but has not provided a project by project account of what this enormous borrowing will fund. Nigerians have not been given clear project details, costs, locations or contractors to scrutinise.
“That silence is especially troubling given the highway’s inland rerouting. Nigerians have every right to ask whether it is becoming a pipeline for borrowed money to reach Tinubu’s campaigners and favoured contractors. Barely 12 weeks before an election, how can the President ask lawmakers to saddle Nigerians with more than $20 billion and €1 billion in debt without identifying the projects and their costs? Is this a development plan for Nigerians or a campaign financing scheme dressed up as infrastructure?
“You cannot continue taking frivolous loans on the eve of your departure from office. Let it be on record that one of the first responsibilities I will undertake as President is to scrutinise and investigate every kobo borrowed, especially loans taken in the final year of your tenure. Nigerians will ask questions, and we will find the answers by every lawful means.
“I put local and international lenders on notice: any loan granted to this winding down administration must meet all constitutional, statutory and due process requirements. Upon assumption of office, I will scrutinise every such loan. Any borrowing found to have been obtained without proper authorisation or process will be challenged and will not be allowed to stand.
“The National Assembly must not approve a single dollar until the President publishes every project, contract, cost, contractor, loan term and repayment obligation. No public money should be borrowed in the dark, and no lawmaker should sign a blank cheque against Nigeria’s future.”
Atiku said the burden was on Tinubu to prove that the borrowing would serve the country, not his political interests. He urged lawmakers to publish the proposal and supporting documents and subject them to rigorous scrutiny before any decision.
He added that families already struggling with a cost of living crisis should not be made to carry debts they did not approve. The woman fighting to keep her business alive and the worker spending their income just to feed deserve to know where the money is going, who will benefit and who will pay. At the ballot box, Nigerians will have the chance to reject a government that borrows against their future while taking their sacrifices for granted.
The Allied Peoples Movement (APM) presidential candidate, Seyi Makinde, on Thursday, criticised President Bola Tinubu’s “Emi Lokan” slogan ahead of the 2027 presidential election.
Makinde said Nigerians do not need “turn-by-turn nepotism”, arguing that voters should be free to decide who becomes the country’s next president in 2027.
The Oyo State governor spoke during the APM’s town hall meeting in Akure, Ondo State.
Makinde asked: “How can someone say ‘Eemi lokan’ in a country like Nigeria? You were given the opportunity. If you recall the 1999 presidential election, the South-West voted massively for Baba Olu Falae, but the rest of Nigerians voted for Baba Obasanjo. So, this is not an issue that only the South-West can resolve; it is an issue we must address collectively as Nigerians.
“We do not want ‘turn-by-turn nepotism’, nor do we want a situation where people say, ‘I will vote for projects because it is my turn’. You will not finish those projects, and when it becomes someone else’s turn, they will do the same thing. We will end up with a Nigeria where we cannot get value for the resources belonging to Nigerians.
“The Reset Nigeria agenda is about building a country where infrastructure development supports economic growth and addresses the concerns of young people and women.
“Once we fix our economy, no zone will be left behind, and no demographic group will be left behind.”
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has denied saying the Federal government will introduce a fuel tax when the economy stabilises and income levels improve.
In a post on X on Tuesday, Oyedele said his remarks during an interview with ARISE News was misrepresented, insisting that a “fuel tax is not on the table.”
However, during the interview with Rotus Odiri, ARISE News Business Correspondent, on the sidelines of the 2026 International Monetary Fund and World Bank annual meetings in Bangkok, Thailand, Oyedele said the tax would come when income levels improve enough for Nigerians to accommodate it.
He said taxes account for between 20 and 80 percent of pump prices in some countries, while many African countries impose between six and 10 different taxes on fuel products.
He said introducing fuel tax while petrol was still subsidised would have been counterproductive because government would effectively be paying the tax itself.
According to him, imposing the tax immediately after removal of petrol subsidy would be insensitive to Nigerians.
“The objective should be that instead of trying to suppress prices, which hasn’t worked for us, it hasn’t worked for any country in the world, not one. Instead of trying to suppress prices, think about how to grow income faster than prices rise,” Oyedele said.
“That’s how you bring prosperity and grow the middle class and that is exactly what we are doing as led by Mr. President himself.
“At the appropriate time, when the economy has stabilizes and income level will be able to accommodate it, those taxes will come. Not because we want to impose taxes,” he added.
In his Tuesday post, the minister reiterated that introducing a fuel tax at this time would be insensitive following removal of petrol subsidy, describing reports that government will introduce the levy when the economy stabilises as “fake news.”
