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Failure of Oil, Gas Sector Reason for Poverty, Hunger in the Country, Says Agbakoba, Threatens to Sue FG

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A former President of the Nigerian Bar Association (NBA), Olisa Agbakoba (SAN), has threatened to drag the Federal Government to court to determine the constitutionality of continuing outsourcing of oil and gas management to International Oil Companies (IOCs) through Joint Ventures (JVs) and Production Sharing Contracts (PSCs).

Agbakoba also called for a complete overhaul of Nigeria’s oil and gas sector, insisting that the current system has ‘completely failed’ and is responsible for poverty and hunger across the country.

The human rights lawyers, who stated this at a press conference in Lagos, argued that the current Contract Oil model directly contradicts Sections 16 and 44(3) of the Nigerian Constitution.

He maintained that the law mandates the government to manage Nigeria’s natural resources in a manner that secures the maximum welfare, freedom, and happiness of every citizen and that the current arrangement, which primarily benefits IOCs, falls far short of this constitutional requirement.

Agbakoba also stated that it is a fundamental principle of administrative law that statutory bodies, including the government, can not delegate their core functions without express legal authorisation. Without such express authority, the current arrangements may be ultra vires and potentially void.

The lawyer said, “These responsibilities, fundamental to the nation’s sovereignty and economic well-being, may be inherently governmental and thus incapable of being lawfully delegated to private entities. Furthermore, it is dubious whether the federal government has the authority to delegate the inherent rights of Nigerians to their natural resources to third parties.

“While the federal government is reluctant to consider shared or joint ownership with state governments, who represent Nigerians more directly, it sees no issue in delegating, outsourcing, and sharing joint ownership with IOCs. This inconsistency raises questions about the government’s interpretation and application of its constitutional mandate.

“We will approach the court to declare that the PIA, the current legal framework for the continued outsourcing or unlawful delegation of the management of Nigeria’s oil and gas to IOCs, is unconstitutional.

“The dominance of IOCs in the sector has historically limited opportunities for developing local content and building domestic capacity in the oil and gas industry,” he said.

Agbakoba also said that the current system of JVs and PSCs, which was initially justified by a lack of funds, now appears to violate the inherent rights of Nigerians over their natural resources.

He stated that if the country adopts a “Development Oil” approach, it can reclaim control over its vital oil and gas sector and transform it into a powerful engine for national development.

The senior lawyer insisted that this paradigm shift requires bold policy changes, including securitising oil reserves through a Sovereign Oil Fund, allowing Nigeria to finance its oil and gas operations.

He said, “The current exit of IOCs presents both a challenge and an opportunity for new Nigerian actors in the oil and gas sector. In collaboration with the federal government, these actors must rise to the occasion and build a new strategy for oil and gas exploration based on development oil principles.

“By aligning the oil and gas sector with broader national interests and constitutional obligations, Nigeria can create a more diversified, resilient, and prosperous economy that truly benefits all its citizens. This approach not only promises economic growth but also reaffirms Nigeria’s sovereignty over its natural resources, ensuring that they are managed for the welfare and security of all Nigerians, as mandated by the constitution,” Agbakoba stated.

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Hardship: Nigeria Won’t Survive Fallout of Bad Leadership, Obasanjo Warns

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Former President Olusegun Obasanjo has fired his most direct warning yet to Nigeria’s political class: the country will not survive another generation of leadership failure.

Speaking during the 2026 Leadership Empowerment International Conference in Abeokuta at the weekend, Obasanjo declared that Nigeria’s crisis is no longer about identifying bad leadership — it is about the danger of tolerating it.

The two-day conference, themed “The Gravity of Leadership Failure & Correction Methodologies”, was organized by the Perspective Leadership Development Institute in collaboration with the Olusegun Obasanjo Leadership Institute. It holds in over 50 countries and is the brainchild of PLDI Founder, Prof. Olusesi Obateye.

But in Nigeria, Obasanjo turned it into a national diagnosis.

Without mentioning President Bola Ahmed Tinubu by name, the former President’s remarks landed squarely in the present. His target: an administration pushing controversial economic reforms amid widespread hardship, rising insecurity, and collapsing public trust.

Obasanjo’s core argument was blunt: Nigerians can no longer be sold promises while they pay with pain.

“A government may present itself as reformist, transformational or determined to rescue the country,” he said. “But if its decisions ultimately deepen hardship, weaken institutions, erode trust or leave citizens more vulnerable, the consequences become the more important measure of leadership.”

He took a swipe at governments that measure success by policies announced, projects commissioned, or reforms introduced— without accounting for what ordinary Nigerians feel in their pockets.

“Leadership failure in the ongoing circumstance should be judged by its consequences rather than by the intentions proclaimed at the beginning of tenure,” he stated.

The ex-President zeroed in on the human cost of current policies.

“The immediate effects of reforms and policies introduced by government have imposed considerable pressure on households and businesses,” Obasanjo noted, in an apparent reference to fuel subsidy removal, floating of the naira, and inflation.

He added: “And when the leader continues to say that hunger and hardship has been there before he was born, then that tells you clearly that there is leadership failure.”

For Obasanjo, that line is not an excuse. It is evidence.

He reminded current leaders that they will be judged not by what they inherited, but by what they leave behind.

“While it is admissible that governments frequently inherit serious problems from their predecessors, they also leave behind new consequences of their own decisions,” he said.

“The argument, therefore, is not merely about who created Nigeria’s problems. Good leadership is about who is responsible for solving them now.”

He warned that economic hardship, insecurity, institutional decay, and loss of hope are not abstract concepts. They are the direct bill paid by citizens for bad decisions at the top.

“Nigerian citizens cannot be asked indefinitely to endure pain on the promise of a better future,” Obasanjo declared. “This is where good leadership becomes critical.”

Obasanjo has long maintained that Nigeria does not lack resources or potential.

Its problem, he reiterated in Abeokuta, is the failure of those entrusted with power to convert possibilities into development.

“The fundamental danger is not merely that leaders can make mistakes,” he warned. “It is that leadership failure, when left unchecked, can impose consequences on an entire generation.”

Delivered in his hometown and at an institute bearing his name, Obasanjo’s message was both personal and national.

Nigeria’s problem, he said, has moved past diagnosis.

The question now is: Will we correct it before the consequences become irreversible?

As delegates from 50 countries watched, the elder statesman left no doubt where he stands: leadership is not about occupying office. It is about the capacity and willingness to use power responsibly, make difficult decisions in the public interest, and accept the consequences.

Anything less, he warned, and Nigeria may not survive it.

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Atiku, Obi Salute Adeleke on Re-election As Osun Gov

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Former Vice President Atiku Abubakar, and a former Governor of Anambra State, Peter Obi, have congratulated Governor Ademola Adeleke on his re-election in the Osun State governorship election.

The two opposition figures separately reacted to Adeleke’s victory in posts on their X accounts on Sunday, commending Osun voters and highlighting the significance of the election to Nigeria’s democracy.

Atiku described Adeleke’s victory as a reflection of the choice made by the people of Osun at the ballot box.

“I congratulate Governor Ademola Adeleke, @AAdeleke_01, on his re-election as Governor of Osun State. His victory demonstrates the choice of the people of Osun as expressed at the ballot box,” Atiku said.

He also commended the electorate for what he described as their passion and peaceful participation in the election, while wishing Adeleke success in his second term.

“I commend the people for their passion and peaceful participation. I wish Governor Adeleke continued success as he continues to serve them,” he added.

Obi, in his reaction, titled “Osun: When the People Stand, Democracy Wins,” also congratulated Adeleke and the people of the state.

He said the election had demonstrated the power of citizens to determine their leaders, adding that Adeleke’s performance and commitment to the people had earned him renewed confidence from the electorate.

Obi particularly praised young voters in Osun for what he described as their vigilance in protecting their democratic mandate.

“The lesson from Osun is clear: democracy is strongest when citizens are alert, conscious of their civic responsibility, and determined to ensure that their votes count,” he said.

The former presidential candidate also used the occasion to urge Nigerians to remain actively involved in the democratic process ahead of the 2027 general elections.

He called on citizens to register, vote and protect their ballots, arguing that Nigerians experiencing hardship, insecurity and deprivation possess the power to demand change through the ballot box.

Obi further urged political actors to prioritise the interests of Nigerians and embrace peace and the rule of law.

“Elections should never be battles of violence, but contests of ideas, competence, character, and service,” he said.

INEC declared Adeleke the winner of the Osun governorship election after he polled 511, 067 votes to defeat his closest challenger, Bola Oyebamiji of the All Progressives Congress, who secured 444, 815 votes.

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Adeleke Wins Reelection As Osun Governor

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By Eric Elezuo

Governor Ademola Adeleke of Osun State has won state’s governorship election. The result was announced by the Returning Officer of the Osun State governorship election, Prof Joshua Olalekan Ogunwale.

The governor polled a total of 511, 067 votes to defeat his closest rival, Bola Oyebamiji of the All Progressives Congress (APC), who score 444, 815 votes. The African Democratic Congress (ADC), Salaam Najid (Iwaloye), came a distant third with 17, 180 votes

Adeleke took an early lead as results uploaded by the Independent National Electoral Commission (INEC) showed him establishing a commanding lead over his closest challenger, and sustained the lead till the final counting

As at 2.06 a.m. on Sunday, INEC had uploaded results from 3,612 polling units, representing 95.99 per cent of the 3,763 polling units in the state, to its Result Viewing Portal (IReV).
With results from only 151 polling units yet to be uploaded, Adeleke, candidate of the Accord Party, had polled 509,057 votes, representing 51.7 per cent of the votes available on IReV.

The emerging outcome came despite a formidable APC campaign effort that drew about 10 governors and leading figures of the ruling party to Osun to canvass support for Oyebamiji.

Eecall that the Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas were among senior APC figures who stormed Osun, and campaigned for the party’s candidate.

Governors who joined the campaign included Hope Uzodimma of Imo State, Monday Okpebholo of Edo State, Usman Ododo of Kogi State, AbdulRahman AbdulRazaq of Kwara State, Babajide Sanwo-Olu of Lagos State, Biodun Oyebanji of Ekiti State, Dapo Abiodun of Ogun State, Mai Mala Buni of Yobe State and Lucky Aiyedatiwa of Ondo State. Delta State Governor Sheriff Oborevwori was represented by his deputy, Monday Onyeme.

By this victory, Adeleke is expected to pilot the affairs of the state for the next four years, till 2031.

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