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‘Nigerians Became Poorer in Buhari’s First Term in Office’
The Economist reviewed the first term of President Muhammadu Buhari and concluded that Nigerians became poorer during his first four years in office.
The magazine, in the publication, which was posted on its website on Thursday, said while the Nigerian economy was “stuck like a stranded truck,” average incomes fell during the four-year period covering 2015 to 2019.
Opposition parties led by the Peoples Democratic Party agreed with the magazine’s damning report, saying it confirmed their belief that Buhari was clueless and could not run the country efficiently. They advised Nigerians to prepare for another disastrous four years, which Buhari started on May 29.
The Economist in its report said based on the thinking of the International Monetary Fund, the average income of Nigerians “will not rise for at least another six (years).”
The report partly read, “The Nigerian economy is stuck like a stranded truck. Average incomes have been falling for four years; the IMF thinks they will not rise for at least another six (years).
“The latest figures put unemployment at 23 per cent, after growing for 15 consecutive quarters.
“Some 94 million people live on less than $1.90 a day, more than in any other country, and the number is swelling.
“By 2030, a quarter of very poor people will be Nigerians, predicts the World Data Lab, which counts such things.”
The report said the naira was overvalued, adding that this was because the government had spent decades neglecting basic public goods such as roads, schools and electricity.
It said, “Where urgency is needed, Mr Buhari offers only caution. Few are holding their breath for any more drive in his second term, which began on May 29th.
“Yet officials are postponing a crisis, not averting one. Consider borrowing. The debt-to-GDP ratio is 28 per cent, but Nigeria collects so little in tax that interest payments swallow about 60 per cent of federal revenues.”
The Economist said that public finances would be healthier if the government raised the price of fuel, which is imported by the Nigeria National Petroleum Corporation and sold on at a loss.
It said last year, subsidy was worth at least 0.5 per cent of the GDP, noting that this was almost what the government spent on health care.
“Politicians are scared to end the subsidy. An attempt to do so in 2012 led to massive protests.
“Although the government has expanded the school-feeding programme and is working on a safety net for the poor, most citizens get few benefits from the state,” it added.
For Nigeria to prosper, it said the government should harness the potential of its 200 million citizens.
It said currently, the citizens were ignored except when politicians needed votes.
Foremost security news beat association, National Association of Online Security News Publishers (NAOSNP) felicitates with the Force PRO of Nigeria Police, Olumuyiwa Adejobi on his new promotion and decoration with the rank of the Deputy Commissioner of Police (DCP) by the Inspector General of Police, IGP Kayode Egbetokun at the Force Headquarters Abuja.
The well-deserved promotion of DCP Olumuyiwa Adejobi, alongside other newly promoted officers across various ranks, was approved by the Police Service Commission at the recent plenary session presided over by the PSC Honorable Chairman, DIG Hashimu Salihu Argungu (retd).
Widely regarded for his dynamic approach to police-community relations, quick response and transparency in public communications, DCP Olumuyiwa Adejobi has served as the image maker of the Nigeria Police Force with distinction and excellence. His promotion underscores and recognizes exceptional service, professionalism, and unwavering dedication to the ideals of policing in Nigeria. Since his appointment as Force PRO, DCP Adejobi has led several strategic initiatives to rebuild public trust, effective media relations, improve accountability, and modernize the Force’s communication channels across the Country.
Conveying the felicitations of NAOSNP to the Force PRO, the National President of the association popularly known for covering the Nigeria Police and other security agencies, Comrade Oki O. Samson highlighted the great impact work of DCP Olumuyiwa Adejobi noting that ‘he has proven to be an asset to the Nigeria Police helping to spotlight the values and ethics of the Force as a citizen-friendly agency as well as its mandate as the prime agency in charge of internal security.’
‘For us at NAOSNP, DCP Adejobi is a great and reliable friend; he has contributed significantly to us, being a great supporter speaking at many of our security conferences and trainings and providing deep insights to conversations. The exploits of Nigeria Police across operations, administration, public relations, advocacy, and other sectors are given the much-needed attention. We celebrate a refined senior police officer, a PR guru, an excellent communicator, a Media-Friendly Force PRO, a capacity building officer and wish him greater heights in the service of our motherland’, Oki said.
The blue blood, DCP Olumuyiwa Adejobi is a great role model who portrays the policing values of discipline, service, professionalism and integrity. He has a rich blend of expertise and experience having served in various capacities such as the Police Public Relations Officer in Lagos and Ogun States among others.
He is a recipients of the prestigious NAOSNP Best Security Agency Image Maker of the Year Award and many other International awards.
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SPIN Hosts Inaugural Scientific Induction Committee, Makes Case for Reseach-Based Sustainability
The Sustainability Professionals Institute of Nigeria (SPIN) convened its inaugural Scientific Induction Committee on Thursday, March 27, 2025.
The virtual event, themed “Mainstreaming Sustainability in Africa: Professionalism, Standardization, and Capabilities,” brought together distinguished scholars, industry leaders, and sustainability professionals to chart a path for Africa-centric sustainability solutions.
Moderated by Dr. Mories Atoki (Hon.), SPIN’s Legal Director, and headlined by First Bank of Nigeria PLC, the event featured keynote addresses and panel discussions with globally recognized experts. These included Professor Kenneth Amaeshi, President of SPIN and Professor of Sustainable Finance at the European University Institute.
Professor Amaeshi stressed the importance of “decolonizing sustainability frameworks” and prioritizing local contexts. He noted, “Africa must redefine sustainability on its own terms, balancing environmental, social, and economic imperatives unique to our realities.”
Vice President Ini Abimbola, while administering the SPIN induction oath, charged the newly inducted scientific committee members to advance professionalism, drive standardization, and strengthen capacity building in sustainability, ultimately shaping the future of sustainability in Africa.
The newly inducted scientific committee of the Sustainability Professionals Institute of Nigeria (SPIN) comprises seven distinguished scholars and practitioners. Professor Emmanuel Adegbite, Professor of Accounting and Corporate Governance at Nottingham University Business School, emphasized the critical role of corporate governance in driving sustainable business practices.
Professor Judy Muthuri, Professor of Sustainable Business and Development at the University of West Indies, stressed the importance of integrating indigenous knowledge and community-led approaches into sustainability strategies. The committee members highlighted the complexities of sustainability in Africa.
Professor Chukwumerije Okereke, Professor of Global Climate Governance and Public Policy at the University of Bristol, advocated for justice-centered policies that address historical inequities.
Professor Uwafiokun Idemudia, Dean of the College of Social and Applied Human Sciences at the University of Guelph, called for multi-stakeholder collaboration to mitigate environmental degradation.
Dr. Adaeze Okoye, Equality, Diversity and Inclusion (EDI) Lead at the University of Brighton, underscored the need for regulatory frameworks that promote equity and inclusion.
The committee emphasized innovative approaches to sustainability, featuring expert insights from renowned thought leaders. Dr. Natalie Beinisch, Co-founder of the Circular Economy Innovation Partnership, shared insights on leveraging circular economy principles.
Professor Tazeeb Rajwani, Chaired Professor of International Business and Strategy at Surrey Business School, analyzed geopolitical shifts impacting sustainability practices and emphasized the need for African businesses to develop resilient, context-specific strategies.
Building on these insights, Ismail Omamegbe, SPIN’s Director of Advocacy and Stakeholder Engagement, outlined the committee’s roadmap. “We look forward to our new scientific committee members’ insights in shaping our research agenda, policy formulation, and capacity-building initiatives,” he stated.
In her closing remarks, Mrs. Eunice Sampson, SPIN’s Director of Learning and Development, reaffirmed the committee’s vision. “Through this distinguished committee, we will transform sustainability in Africa by localizing solutions and decolonizing approaches. Our focus remains on driving inclusive, data-driven growth through strong political commitments and cross-sector collaboration.”
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Gatmash Partners Access Bank to End ‘Period’ Poverty in Nigeria with ‘PAD Me a Girl Initiative’
Access Bank Plc, a leading financial institution in Nigeria, is partnering the “PAD Me A Girl Initiative,” a project of GATMASH MEDIA, to launch a ‘Pad Bank’ aimed at providing free sanitary pads to girls and women in need.
The groundbreaking initiative is founded by Theresa Moses, a renowned journalist and Editor-in-Chief of GATMASH NEWS. The project seeks to address the pressing conundrum of ‘period’ poverty, which is affecting millions of girls and women in Nigeria.
The initiative will help address pads deficit among the less privileged members of the society as its aim is to promote menstrual health and hygiene, as well as provide educational materials, and support girls and women in Internally Displaced Persons (IDP) camps.
The Access PAD Me A Girl Initiative is also partnering with several organizations, including Checkers Custard, Empowered Girls for Christ Foundation, Jeffrey Kuraun Foundation, ProStar, Vita Baites Foods, and many more.
This is a unique and innovative concept, designed to store and distribute free sanitary pads to the needy. The ‘Pad Bank’ will be stocked with sanitary pads donated by Access Bank, other corporate organizations, and individuals. The idea is to collect and distribute over 1 million sanitary pads annually.
“We are excited to partner with Access Bank to launch the Pad Bank,” said Theresa Moses, Convener of the “PAD Me A Girl Initiative.”
“Access Bank is committed to making a positive impact in the lives of Nigerians. Therefore, Access PAD Me A Girl project is a testament to its dedication to creating a more inclusive and equitable society that every girl and woman deserves access to sanitary pads.
“The Pad Bank is a game-changer in the fight against period poverty, as it will provide a safe and accessible space for girls and women to access sanitary pads, promoting dignity and empowering them to reach their full potential.”
The Access PAD Me A Girl Project aligns with the United Nations’ Sustainable Development Goal 4 (SDG 4), which aims to ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.
In addition, the initiative will provide educational materials and support (Exercise books and pen), thereby helping to promote literacy and educational attainment, in consonance with SDG 5, which aims to achieve gender equality and empowering all women and girls to reach their full potentials.
The Access PAD Me A Girl Project, which includes the launch of the Pad Bank, will kick off on April 3rd, 2025, in Gofye Community, Kuje Area Council, New Kunchingoro, Opposite Games Village, Kaura, Federal Capital Territory (FCT) Abuja, and on April 5th, 2025, in Ortese IDP Camp, Guma LGA, Benue State.
