News
FG Can Use New Loan Opportunities to Turn Lives of Nigerians Around
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By Joel Popoola
Latest loans can turn an unprecedented crisis into an unprecedented opportunity, and this is if we make sure the money goes to the right place.
We all know the challenges facing Nigeria. But seeing those challenges laid out in black and white still has the power to shock.
This week a report from the International Monetary Fund pulled no punches in its assessment of our nation.
“Half of the student-age population is enrolled in schools.
“Healthy life expectancy is 49 years, placing Nigeria among the bottom six countries in the world.
“Some 54% of the population is connected to an electricity grid that collapses about once a month.
“Roads are in precarious condition.
“Less than four per cent of the population have access to safely managed water.
“Overall, Nigeria’s indicators of human and physical capital are worse than countries with lower GDP per capita.”
The IMF estimates public spending will need to go up by 18% to fix these problems.
As William Shakespeare put it; ‘when troubles come, they come not as single spies but whole battalions’. And these troubles have been compounded by the COVID-19 crisis, which has crippled Nigeria’s economy while demanding extraordinary increases in public spending.
But this crisis has brought with it unparalleled financial assistance too, and not a penny of that assistance should be wasted.
In April, the IMF approved a $3.4 billion package of emergency financial assistance for Nigeria to support the government’s efforts to stabilise our economy in particular in the face of the dramatic slump in world oil prices.
This is likely to be followed by an additional $3 billion dollar loan from the World Bank, which will be used to fund to restart and re-energise our economy.
As I write, the World Bank has also agreed a $750m package of investment aimed at ending power cuts across Nigeria, which are estimated to cost our economy $2.8 billion a year and reduce economic growth by at least 2%.
This is exactly the kind of infrastructural investment I have repeatedly called for. But that investment can only be delivered with transparency and accountability.
It is something of a cliché to say that the Chinese use the same word for ‘crisis’ as ‘opportunity’. But this unprecedented crisis has created an unprecedented opportunity to put Nigerian on the path to a better future.
But based on bitter experiences, many Nigerians may worry that some of these funds will never be used for their intended purposes. Cronyism. Misappropriation. Downright theft. Many of us have a depressing story to tell.
This time things could be different.
The IMF’s mission chief for Nigeria, Amine Mati, has already highlighted what measures the government is taking to enhance transparency and governance of the emergency financing.
These include independent oversight of the spending of the loans and the procurement processes related to that spending, and the publication of procurement plans and notices for all emergency response activities including the names of companies awarded contracts and the owners of those companies.
And most important of all, these reports will be published daily on Nigeria’s treasury website for everyone to see.
Every penny must be accounted for.
As the head of the Digital Democracy campaign, created to use technology to bring people and politics closer together, I welcome these announcements. But we need to go a little further.
Our politicians need to be as transparent and as accountable as these accounts. That’s why we created the free Rate Your Leader app.
The free app puts registered voters in direct person-to-person contact with their local decision makers, forcing them to justify every decision they make and every penny they spend, and making them truly accountable to the people they serve.
And if their voters don’t like the answers they get, they can rate their politicians appropriately for everyone to see.
Generations of underwhelming and underperforming government has brought Nigeria to where we are today. Many Nigerians do not trust their leaders. To many, they are self-interested and self-serving. This is not true in my experience, but like it or not, many think this way.
The first step to addressing that lack of trust is to build better relationships between electors and elected and using the technology you might be reading this on – that can very easily be achieved.
Joel Popoola is a Nigerian tech entrepreneur, digital democracy campaigner and is creator of the free Rate Your Leader app. You can reach him via Joel@rateyourleader.com or @JOPOPOOLA
News
Obi Denies Telling UK-based Nigerians to Abandon Relatives Back Home
The Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has denied asking Nigerians living in the United Kingdom to abandon relatives who depend on them for financial support, saying his message about hardship in Nigeria was distorted by political opponents.
Obi said he appreciates Nigerians in the Diaspora who make sacrifices to support their families at home, stressing that his concern is the country’s dependence on remittances to meet basic needs.
In a statement titled; “My Message Has Been Twisted”, posted on X on Tuesday, the former Governor of Anambra State clarified that he never asked Nigerians abroad to stop supporting their loved ones.
“I deeply appreciate Nigerians in the diaspora who work tirelessly and make enormous sacrifices to support their families back home,” he said.
“Their remittances pay for school fees, hospital bills, rent, and feeding expenses. Their patriotism and sacrifices deserve our profound respect. I never asked them to abandon their loved ones.”
Obi said his message was aimed at drawing attention to the economic conditions forcing millions of Nigerians to rely on relatives abroad for their survival.
“My concern is that Nigeria should not remain a country where millions depend on relatives abroad for basic survival,” he said.
“Our goal must be to build a nation that provides jobs, affordable healthcare, quality education, and economic opportunities for its citizens.”
He accused political opponents of misrepresenting his comments, insisting that his position is about addressing the causes of hardship rather than discouraging financial assistance to families.
“Political opponents may twist my message, but the truth remains clear: I am not asking Nigerians abroad to abandon their families. I am advocating for a Nigeria that will no longer abandon its own people,” he said.
The clarification followed backlash over comments Obi made during a town hall meeting with Diaspora supporters in Manchester on Sunday.
In a video that went viral, Obi urged Nigerians in the UK to think twice before giving money to relatives and others at home who ask them for financial assistance, arguing that such support could ease hardship without addressing its underlying causes.
“You have people at home in Nigeria today who are begging you for money. Tell them no!” he said.
Obi attributed the country’s economic difficulties to poor leadership, urging Nigerians abroad to encourage their relatives and friends at home to vote for leaders who would prioritise productivity and economic opportunities.
News
Monday Ubani: Court of Appeal Affirms ₦12m Award Against EFCC
The Court of Appeal, Abuja Division, has dismissed the EFCC’s appeal and affirmed the ₦12 million compensation awarded to Dr. Monday Ubani, SAN, for his unlawful 21-day detention in 2019. The court also awarded ₦300,000 in costs against the Commission.
Ubani was detained after securing administrative bail for a client accused of jumping bail. Despite a court order directing the EFCC to release him conditionally or charge him with any alleged offence, the Commission failed to comply, prompting his lawyer, Chief Professor Mike Ozekhome, to institute a fundamental rights action in his favour.
On January 5, 2022, the Abuja High Court, presided over by Justice Sylvanus Oriji, ruled in Ubani’s favour. The EFCC appealed, challenging the trial court’s jurisdiction and the amount of compensation awarded.
In dismissing the appeal, the Court of Appeal rejected both arguments, holding that the compensation was justified and that the EFCC’s investigative powers do not permit arbitrary detention or disobedience of court orders.
The judgment reaffirms that law enforcement agencies remain subject to the Constitution and judicial authority. It also underscores the protection of fundamental rights, the limits of law enforcement powers and the consequences of unlawful detention.
Beyond the financial award, the decision highlights the responsibilities of sureties and the obligation of security agencies to obey court orders, making it a potentially significant reference in future fundamental rights litigation.
News
Food for Living: The Relationship Between Process and Failure
By Henry Ukazu
Dear Destiny Friends,
One of life’s most misunderstood concepts is the relationship between process and failure. When some people fail, they think they have done something wrong, but it could be that the person is experiencing the process, or their season has not yet come.
To understand this concept, let’s explain the two terms. A process is a series of structured actions, steps, or decisions taken in a specific order to transform input into a desired output or goal. Here are the key elements of a process
- Inputs: The raw materials, data, or starting requirements (such as ingredients, customer requests, or raw code).
- Activities/Steps: The specific tasks or decisions performed by people, tools, or machines.
- Trigger: An event or demand that kicks off the process (like submitting an order or launching an app).
- Output: The result, product, or delivered service.
- Owner: The person or role accountable for the outcome.
Failure, on the other hand, is the state or condition of not meeting a desirable, required, or intended objective. According to the Cambridge Dictionary, failure can result from any of the following:
- Omission or Neglect: Failing to perform an action that was promised, owed, or expected (such as a failure to pay on time or submit a report).
- System or Organ Malfunction: A situation where a machine, computer, engine, or bodily organ stops working properly (such as engine failure or kidney failure).
- Insolvency: A financial state of bankruptcy, such as the failure of a business or bank.
Having stated the above terms, one can decipher that process is a necessary tool for success. When a process is lacking, failure is inevitable.
I recently listened to a sermon by a Nigerian Pastor. According to the pastor, there’s something that looks like failure, but in a real sense, it is not failure; it is process. Sometimes in life, when we fail in business, examinations, careers, marriage, or even when our health fails us, the reason why they all happen is that we have failed to do the needful, or we need to go through a process.
Let me explain. Let’s say one has a business; if one has not taken the time to learn the trade very well, the person might fail for not learning a necessary skill required for the business, acquiring formal or informal education, or having a form of apprenticeship from a mentor, which might be all that’s necessary for the entrepreneur to succeed. This is what is called a process.
Also, a student will need to read, research, and do assignments to pass an examination. An employee will have to learn a job as an entry-level employee and work his way through to become the Chief Executive Officer. All this involves a process.
Marriage is not an exception. There’s no successful marriage without a form of mentoring or training. A man/woman must undergo a process of marriage counseling to learn about how to win in marriage. In this training, they will learn about communication in marriage, money in marriage, sex in marriage, money in marriage, and personalities in marriage
I strongly believe that there’s time for everything. There is an appointed time for everything. When something is not in its season, don’t expect to deliver. When one puts pressure, it’s bound to fail.
I can vividly remember what my most revered mentor, Dr. Yomi Garnett, counseled me on the importance of patience. A little background about the case: at that time, I had no job. I was working as a security officer. I tried to use my connections to secure a decent job, but it was very challenging. I reached out to Dr. Yomi, whom I call the sage because of his scintillating and rational wisdom. After ranting to him about my litany of problems, he said to me, “Henry, if you like, meet President Obama, Trump, etc.; if God is not ready to give you a job, you won’t get a job”. He went further to say, you can’t rush God. When the time is ready, God will align everything for you.
According to my mentors, there’s something God and the universe want me to learn. I must go through some process of refining for the task ahead. These refining processes might be preparing for the greater task by learning what needs to be learned, or it could be a case of God teaching me wisdom or something of value that will be useful to me in the near future which I may not be able to see now.
When I look back in retrospect, I can authoritatively say my mentor was right.
Sometimes in life, we prepare for the opportunities, while sometimes, we don’t prepare. We just learn on the job. But I honestly think it’s good to prepare before one embarks on any journey. That preparation is called a process.
To understand how the process works, do you know that if you plant corn in the season that is not the rainy season, you will believe it’s a bad seed, but no, that’s not the case because you planted the corn in the wrong season. Even the bible says there’s a time for everything.
Also, someone might finish university and become frustrated because he doesn’t have a job. What the person might not know is that their season is yet to manifest. It could also be that the student might need refinement, which comes with the process.
It’s instructive to note that when your season comes, nothing can stop it; there will be alignment, and the universe will work for you. What you did many years ago that failed to attract attention will begin to attract attention and draw you in.
Today, I pray, may you command attention in your season, not after your season.
Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer and author of Design Your Destiny- Actualizing Your Birthright to Success, Unleash Your Destiny and The Six Pillars of Success . He can be reached via info@gloemi.com






