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Opinion: Is Corruption to Blame for Nigeria’s Rising Energy Prices?

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By Joel Popoola

Nigerians are paying more and more as energy bills, and getting less and less for their money.

The National Bureau of Statistics last week reported that inflation has reached an eye-watering 15.9 per cent, driven in part by rising energy costs.

The NBS figures suggest that electricity, gas and fuel costs are now almost 12.5% higher than it was this time last year.

One recent study has suggested that Nigerians are now paying 68% of their monthly income on utilities.

These price rises come against a backdrop of energy shortages described as “incessant”, even leading to protests in places like Oyero, where one community leader has been quoted as saying:

“They only bring electricity occasionally. We pay these bills, yet we barely get electricity for two hours a day.”

A system collapse of the national electricity grid on April 8 was the third in less than a month and the fifth this year, leaving both Abuja, and Lagos, the largest city in all of Africa, without power.

In less than our decade the grid has failed over 200 times. With our energy system so unreliable, many Nigerians and businesses rely instead on diesel-powered generators. But diesel prices too have more than doubled since the start of the year.

The government is to some extent at the mercy of events. A post-COVID-19 surge in energy demand has placed huge pressure on energy systems across the world. The Russian invasion of Ukraine has made things worse.

But that does not change that fact that in 2018, the World Bank approved $486 million to improve Nigeria’s Electricity Transmission Network and infrastructure.

Can anyone claim that this investment has made much difference?

As always, it is hard not to come to the conclusion that a (literally on this occasion) brighter future for Nigeria has been squandered because of corruption.

That is certainly the view of the Socio-Economic Rights and Accountability Project (SERAP), who have called for an investigation into government spending on energy.

The Deputy Director of the group, Kolawole Oluwadare, has claimed that N11 trillion ($26bn) intended for investment in our electricity supply has allegedly been squandered by governments since 1999.

Oluwadare has been quoted as saying: “Nigerians have for far too long been denied justice, and the opportunity to get to the bottom of why they continue to pay the price for corruption in the electricity sector, staying in darkness, but still made to pay crazy electricity bills.

“The staggering amounts of public funds alleged to have been stolen over the years in the electricity sector have had catastrophic effects on the lives of millions of Nigerians, akin to crimes against humanity and the Nigerian people.”

If just a fraction of that N11 trillion had been spent on improving the resilience of our energy network and increasing domestic energy production with an emphasis on renewable sources like solar power.

And even if that figure is inaccurate, it will feel accurate to most Nigerians who have little faith in our democratic institutions. That needs to change.

SERAP has requested publication of the names of companies and contractors paid by government since 1999 to carry out electricity projects across the country. This is exactly the kind of transparency our democracy needs, and digital technology makes it easy to achieve.

The digital democracy campaign I lead is attempting to improve democratic transparency with technology.

One of our projects is a free smartphone app called Rate Your Leader, which puts politicians and the people they elect in direct person-to-person contact. Think of it as being friends on Facebook with your local representative, except that unlike other social media platforms, Rate Your Leader insists both sides can prove they are who they say they are, and makes abusive communication impossible.

Rate Your Leader creates a direct line between electors and elected, helping both sides better understand each other, and collaborate to make our communities better. It encourages politicians to do everything out in the open, and rewards them in the form of positive feedback and ratings from the people they serve, improving their reputation amongst their contacts, friends, peers and neighbours – the people whose opinions they trust the most.

Building trust in the political process has to start person-to-person, and politician to voter. And digital technology can deliver that change at the touch of a button.

Both corruption and energy security must be at the heart of the 2023 presidential election campaign.

Candidates must heed the call of business leader, Tony Elumelu, who has called for energy to be a central plank of election manifestos, stating “Elections are coming – security and resources need to be everyone’s agenda – let’s be vocal for our nation’s priority.”

Voters need to be clear that this is their priority. And leaders need to listen.

Joel Popoola is a Nigerian tech entrepreneur, digital democracy campaigner and creator of the Rate Your Leader mobile app.

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Let Nigerians Breathe, Reduce Fuel Price, Atiku Tells Tinubu

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Former Vice President Atiku Abubakar has urged President Bola Tinubu to take immediate steps to reduce the cost of petrol, saying Nigerians are struggling with the combined impact of high energy, transportation and food prices.

Atiku made the call on Friday in Abuja during a press briefing on fuel prices, palliatives and the rising cost of living. His comments came amid renewed concerns over the effect of higher petrol prices on households and businesses.

The African Democratic Congress (ADC) presidential candidate said the removal of petrol subsidy in May 2023 placed additional pressure on families, workers, farmers and businesses.

He said the effect of higher petrol prices was not limited to motorists, as increased transportation and logistics costs had also pushed up the prices of food and other essential goods.

“When government makes energy expensive, it makes life expensive,” Atiku said.

The former vice president recalled that he had previously called for government intervention to reduce petrol prices, but said Tinubu had dismissed the proposal as showing “serious ignorance” of governance and the economy.

Atiku questioned whether the Nigeria Labour Congress (NLC), petroleum marketers, manufacturers and ordinary Nigerians who had raised concerns about rising costs could all be described as ignorant.

“When workers, producers, marketers and ordinary families are all raising the alarm, government must listen,” he said.

He said the government should be prepared to review its policies when their consequences become difficult for citizens to bear, adding that rising production costs were putting further pressure on manufacturers while families were finding it harder to afford basic goods.

Atiku also argued that government revenue and GDP figures did not necessarily reflect the economic reality facing ordinary Nigerians.

“If government receives more Naira while the citizen’s naira buys less food, less fuel, less electricity and less transportation, then bigger government revenues mean little to the family struggling to survive,” he said.

The ADC candidate urged Tinubu to use the remaining eight months of his first term to reduce the burden on Nigerians and consider any measure capable of lowering petrol prices, even if the proposal came from a political opponent.

“What matters to me is that Nigerians pay less,” Atiku said. “A sensible idea does not become a bad idea because it came from your opponent.”

He also offered to make his policy framework available to the Tinubu administration, saying Nigerians should not have to wait for a new government before benefiting from policies that could provide relief.

“If you need the framework, I will provide it. Implement it under your government. Give it whatever name you choose. Take the credit,” he said.

“I ask for only one thing: Let Nigerians breathe.”

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Food for Living: Pursue Passion More Than Profit (Pt. 1)

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By Henry Ukazu

Dear Destiny Friends,

Passion and purpose are among the most debated topics in the human development space. It’s a grey area that has attracted a lot of attention. While some schools of thought believe it’s better to focus on passion, other schools of thought believe that it’s profitable for one to focus on a job that pays the bills.

According to the latter school of thought, passion doesn’t pay the bills. Well, depending on the schools of thought one subscribes to, I personally believe it pays more for one to pursue passion than profit, and I will explain in a minute.

I strongly believe passion is stronger than power because when one loves what one is doing, there’s an inherent strength that comes with it, but if one doesn’t like what they are doing, they’ll lack the moral strength to forge on.

Let me share a practical example with you. My late dad encouraged me to study Taxation Law at New York Law School, a major I didn’t like. He had the mindset that money rules the world, which I tend to believe because when money talks, the world “generally” seems to move around. That mindset and principle is relatable; however, it’s not applicable in other cases because there are some people or situations where money doesn’t move around.

My late dad believed it makes no sense for me to read a major and remain unemployable or poor. So, when I arrived in the United States, the economy was experiencing a recession, and there were no jobs at the time. So, while I was passionate about studying International Relations, Energy Law, or Communications Law, my late dad sat me down and said, based on the information he was receiving from his friends, these are great courses, but when I graduate, it will be hard to find a job because most people in those firms are laying off employees.

According to my late dad, his friends suggested that since I have a legal background, tax law is the only major I can study and be guaranteed a job because people and corporations will always file their tax returns. I initially objected to this advice because my brain is not wired for numbers. I really struggled to accept this advice because I hated numbers with passion.

My late dad would later tell me, you know we are from a humble background, and so we need money.  My late dad would always say, “You wouldn’t want to study international law or communication, and the only thing you can do very well is speak English while remaining poor. One fact about my late dad was that he liked money to a stupor. According to him, after God, the most important thing in the world is money.

After much hesitation, I decided to study the major to make my late dad happy because I saw how happy he would be when I studied tax law. If truth be told, I wasn’t happy studying the major. I really struggled with the major. I managed to get a scholarship and graduated with a decent grade, but getting a job was challenging because employers could see that I didn’t like the major each time I went for an interview.

At the end of the day, I managed to get a job as a Case Manager for a private organization and later as the Legal Coordinator for the New York City Department of Correction. An important point to note here is that, after I left the tax firm, I was intentional about applying for jobs I was passionate about. Money to me was a secondary concern because I strongly believe that when you love what you do and you are good at it, money will surely find you.

I had to share this practical experience to give an insight into the importance of focusing on passion. Don’t get me wrong, money is good, but I personally feel there are more valuable things than money, and a perfect example is marrying a kind man as opposed to marrying a man with money, or marrying a lady with good character as opposed to marrying a lady with a good physique.

It’s instructive to note that when I began to focus on what I love to do, I had to spend time on honing my skills, developing myself by attending relevant training sessions and taking courses that would distinguish me from my contemporaries. It didn’t take long for me to receive recognition for my work. I was celebrated for being a trailblazing author of three books on television; I was interviewed by The New York Times in addition to meeting resourceful global leaders. In all sincerity, I doubt if I would have received accolades assuming I focused on taxation or doing what would give me money.

The moral of this analysis is that while profit is good, passion is much better because it will give one the necessary satisfaction and fulfilment they deserve. To understand how this works, one might make good money in a job but won’t be happy, but someone else might make little money and be happy in what they are doing. If research is done on what makes one happy, most people will likely say it is their passion or what they love to do that makes them happy as opposed to the job they do. It’s only a fragment of people who will attribute their happiness to the job they do, and that’s simply because they have truly figured out who they are or are probably happy and passionate about the work they do.

Let me explain a little: your profession is what you are trained to do as a doctor, lawyer, accountant, or engineer. Your vocation is what you are trained to do as a skilled worker or one with a 9-to-5 job, but your ministry is your calling, and that’s why you find your talent or gift and passion. So, one’s passion can be found in what they love to do.

When one’s profession is aligned with one’s vocation and ministry, then success is bound to be present because passion is at play.

It’s instructive to note that most of the great people I know in the world have become famous because they were doing what they love to do. I recently attended an award ceremony where my alma mater, Baruch College, celebrated alumni who have distinguished themselves. One of the award recipients, Ms. Doris Gonzalez, stated in her speech, “Of all the jobs I have had in my life, this is my best job. I really love my job”.  I strongly believe there is a form of spiritual blessing and success that comes when one is happy doing what one is passionate about.

In conclusion, if one is desirous of succeeding in life, please endeavor to focus on your passion; if you can’t find it, explore what makes you happy. When you find what makes you happy, develop and monetize it, and in no distant time, opportunities and recognition will begin to triple in.

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 SuccessUnleash Your Destiny and The Six Pillars of Success. He can be reached via info@gloemi.com

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Obi Releases Document to Counter Anambra Govt’s Debt Claims

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The Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has released his handover document to counter the Anambra State Government’s claims that his administration left behind loans and other financial liabilities.

Obi’s challenge followed the release of his handover note, which showed the financial position of the State at the end of his administration.

The Interim National Coordinator of the Obedient Movement, Dr. Yinusa Tanko, published the handover document dated March 17, 2024, on Wednesday.

The document contained a summary of Anambra State’s financial position as of the close of business that day and showed a net positive balance of over N86 billion.

Tribune Online had earlier reported that the Anambra State Government said it is still repaying loans obtained by previous administrations, including those of former governors Peter Obi and Willie Obiano.

The Commissioner for Finance, Izuchukwu Okafor, disclosed this on Sunday while speaking on the Ndi Anambra podcast released by the government’s New Media team.

Okafor said the inherited loans remained part of the financial commitments of the current administration, despite the Soludo government’s decision not to obtain fresh commercial bank loans since taking office.

Obi, however, rejected the claim and asked the Soludo administration to provide evidence to support its position. He also said he would end his campaign for the 2027 presidency if the allegation could be proven.

The Anambra State Government later disputed Obi’s claim that he left office without outstanding debts or other unpaid financial obligations.

The government maintained that its records showed that some liabilities incurred during Obi’s administration, as well as obligations inherited by it, remained unpaid.

In a statement titled; “Gov Peter Obi and Record of Public Debt in Anambra: Facts Beyond Propaganda and Lies,” the Commissioner for Information and Value Reorientation, Law Mefor, described Obi’s position on the State’s debt profile as false.

Mefor said eight external loans connected to projects implemented during Obi’s administration, or inherited by it, were still outstanding.

According to him, the loans had a combined balance of $92.35 million, which the State government said was equivalent to N127.37 billion as of June 30, 2026.

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