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TWO YEARS OF PRESIDENT TINUBU: A BUSINESS PERSPECTIVE

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By Abdul Samad Rabiu

As Nigeria marks two years under the leadership of President Bola Ahmed Tinubu, I believe it is important to reflect, not from the lens of politics, but from the perspective of business, of industry, and of the economy. I speak not only as the Chairman of BUA Group – one of Africa’s largest conglomerates, but also as someone who has lived through the complexity of Nigeria’s reforms. I have seen the cost of dysfunction, the burden of inefficiency, but more importantly, the promise of a level playing field and the dividends of decisive governance.

FUEL SUBSIDY REMOVAL

The removal of the fuel subsidy is one of the most important decisions taken by this administration. Before that, Nigeria was selling PMS at 200 or 250 Naira per litre, which was about 25 or 30 cents. I doubt there was any country in the world where fuel was being sold at that price. During my trip to Saudi Arabia for the lesser Hajj in February this year, I checked the pump price at one of the petrol stations as we drove from Jeddah to Mecca. When I converted the price to Naira, it was almost 1,500 Naira per litre. That was Saudi Arabia.

We could simply not afford the subsidy. It was not just Nigerians who were benefiting from it. We were subsidising the entire region. I remember visiting Niger Republic a few years ago when President Bazoum honoured us. During dinner, he joked and said, “Thank you for the subsidy.” He said 100 percent of all PMS consumed in Niger was coming from Nigeria because it would cost them three times more to import. There was no incentive for them to bring in their own fuel or refine crude at their own refinery. This was the situation across the region.

Today, I understand that our fuel consumption has dropped by almost 40 to 50 percent. It is not because Nigerians are consuming less, but because neighbouring countries have stopped tapping into our subsidised fuel. The PMS is still cheaper in Nigeria, even at 800 or 900 Naira per litre, but the logistics no longer support easy access. Countries like Niger and Benin Republic still take fuel from Nigeria, but others have stopped.

The removal of subsidies was needed not only to save the economy but to ensure that Nigerians alone benefit from what is imported. Even if there must be subsidy, it should be for Nigerians only. The money saved is now being channelled to infrastructure, to better support for states, and to other developmental priorities. All the states are receiving more money now, and that has made a real difference.

I am of firm opinion that President Bola Ahmed Tinubu made the right decision, and he made it boldly. On the first day he took office, he did what everyone knew had to be done but no one dared to do. He acted immediately. Many criticised him, but he did the right thing, and it saved the country. Had we continued under that burden, only God knows where we would be today. I always say, Mr President is probably the only one who had the courage to take such hard and necessary decisions.

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ON THE UNIFICATION OF THE FOREIGN EXCHANGE REGIME

The unification of the foreign exchange market is another critical reform. Before this, many of us in the business community spent most of our time chasing foreign exchange. I personally spent half of my time trying to get FX from the Central Bank of Nigeria. The CBN was the only source of official exchange, offering FX at around 500 Naira when the parallel market was 800 or 900. No business could survive outside the CBN structure.

Every two weeks, we would go to Abuja to seek allocations. It was exhausting and inefficient. You had to camp there for three or four days before Allocation Monday, waiting for the CBN to allocate dollars. Today, I have met the new CBN Governor, Mr Cardoso, only once in two years. The reason is simple: I do not need to go to Abuja now to get foreign exchange. The system is open. It is working.

This was also a bold move by President Tinubu. It was necessary, and he took that decision as well. We are very glad because today we can focus on our businesses. These reforms are saving the economy.

FAIRNESS, SANITY AND STABILITY IN BUSINESS

Under this administration, we have seen a return to fairness and stability in business. We no longer worry about arbitrary shutdowns or politically motivated disruptions. Let me give a real example. We started a new business in Port Harcourt four or five years ago under BUA Foods, operating at the Rivers Ports under a concession with the Nigerian Ports Authority. It was going very well. One day, we woke up to a letter stating that the concession had been revoked, the terminal shut down, and the lease agreement terminated. There was no prior warning, no issue, no conflict.

Later, we discovered that the Managing Director of NPA at the time decided to close the business simply because our operations were competing with those of her friend. She wanted to impress her friend. That was the only reason. Today, that kind of thing cannot happen. Nobody would dare take such an action under President Tinubu. You can wake up now without fear that your business has been shut down by an agency or politician.

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That stability is critical. That Port Harcourt plant alone has seen over 500 million dollars in investment and has employed over 4,000 people. The confidence this government has brought is real, and it is helping us plan better.

I must also personally acknowledge former President Muhammadu Buhari. When our Port Harcourt plant was unfairly shut down, it was his intervention that saved it. I had the privilege of explaining the situation to him. He agreed it was wrong and acted. He said he would not permit injustice under his watch. That decision saved the business. But the reality is, I had access. What if I did not? That is the difference today. Now, nobody needs access to the President to be treated fairly. Everyone knows that if you do something wrong under President Tinubu, you may lose your job or even face prosecution and go to jail. That is why I can now spend more time focusing on the business and relaxing.

The President Tinubu reforms are creating a level playing field. Like I said previously, every business had to lobby the CBN for FX. If you did not, your business would collapse. Now, you do not need to go to Abuja. You just focus on your operations.

INFRASTRUCTURE AS A KEY DRIVER OF DEVELOPMENT

In infrastructure, the difference is also clear. Look at the Lagos-Calabar highway. Look at the Sokoto-Badagry road. Look at the Kwara projects we are executing under the tax credit scheme. Look at Kano-Kongolam. Look at the Okpella to Kogi State corridor. These projects are progressing because of the savings from subsidy removal and FX unification. With more revenue, Nigeria is building.

These roads and others being built are critical because logistics have become a major challenge. Transporting goods from Lagos to the North is very expensive due to bad roads. Now, the President is addressing this. With better infrastructure, logistics will improve, and businesses will grow. These reforms have enabled long-term planning and serious investment.

BUA WILL CONTINUE TO BET ON NIGERIA

Since President Tinubu took office, BUA Group has invested over one billion dollars in the Nigerian economy. We are expanding our food business, doubling our flour and pasta facilities in Port Harcourt and building another in Lagos. Demand is increasing. People are earning more. Confidence is returning. We have also completed the first POP plaster manufacturing plant in Nigeria which is now operating and are soon starting construction of a 30MW solar energy project in Sokoto State.

In the oil and gas sector, we are completing our LNG project in Ajaokuta, Kogi State. These investments are possible because of stability that has been brought about by President Tinubu’s reforms. We can plan now. The exchange rate has been fairly stable for almost a year. FX is accessible. Money is coming in from different sources, and investors are responding. If you want 200 million dollars a week for trade, you can get it without lobbying anyone at the Central Bank. These are the results of good policies.

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ON FOOD SECURITY

When I met President Tinubu recently, he raised concerns about food prices. He wanted to know what BUA Foods was doing. I explained that his six-month tariff waiver had worked. It disrupted hoarding in the rice market. In Nigeria, the rice harvest is short and runs for about three months. Middlemen were buying paddy rice, hoarding it, and raising prices post-harvest. This artificial scarcity drove prices to as high as 110,000 Naira per bag. The farmers did not benefit. Farmers just wanted to sell and move on yet some people were buying from them, hoarding it, and creating a food crises in the country.

The temporary waiver allowed rice to be brought in, and milled immediately. The hoarders were cut out. Prices began to drop. It was a short-term solution, but it worked. It showed foresight. I told the President it helped and that if the situation persists, further steps can be taken. But for now, it has made a difference.

PRESIDENT TINUBU’S NIGERIA FIRST POLICY AND BACKWARD INTEGRATION

President Tinubu’s Nigeria First policy has aligned well with our own belief in backward integration. Our cement business is almost entirely local. We mine our own limestone. We use Nigerian gas even though it is dollar-denominated. The only foreign element is the equipment, and even that benefits from government concessions for mining equipment which everyone else in the industry benefits. If we had to import cement today, prices would be over 15,000 Naira per bag. Nigeria does not have the port infrastructure to even handle the import volume. Producing locally has saved the economy and stabilised the sector.

We are doing more, and we will continue to do more. Nigeria has everything—population, arable land, resources, water, and now, strong leadership under President Tinubu. We believe in Nigeria because the fundamentals are now strong. My advice to all is to take a Bet on Nigeria. This is the place to be.

So for me, what has this administration done right? First, it removed the fuel subsidy which was the biggest economic scam in our history. Second, it unified the foreign exchange market and third, it restored stability, fairness, and confidence in the economy. These are the foundations of growth. Nigeria is full of potential. With the right leadership, which we now have, there is no limit to what we can achieve.

  • Rabiu is the Founder and Chairman, BUA Group

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THE UNCOMMON FEAT: WHY TINUBU’S STATE POLICE REFORM IS THE ANTIDOTE TO DECADES OF INSECURITY

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By Oto’ Drama, PhD.

FOR decades, the discourse on Nigeria’s security architecture has been trapped in a centralized bottleneck—a stranger-policing model where officers are often deployed to terrains they do not understand and cultures they do not share.

Today, that cycle is breaking. By activating the transition to State Police, President Bola Ahmed Tinubu is not merely fulfilling a campaign promise; he is steering the nation toward a techno-sovereign reality where security is as local as the threats it seeks to eliminate.

This uncommon feat by the President and the Inspector General of Police (IGP), Tunji Disu, deserves more than just applause—it requires a rigorous intellectual and technological blueprint to ensure it becomes the cornerstone of a new Nigerian regionalism.

The Logic of the Local: Why State Police is the Only Way Forward
The fundamental maxim of modern governance is that all politics is local, but security is even more so. In every hamlet, village, and urban ward, the residents know the visitors, the anomalies, and the shadows. A federal officer from a thousand miles away cannot navigate the intricate social fabric of a community as effectively as a son or daughter of that soil.

While critics fear the political manipulation of state police by governors, this concern—though valid—is outweighed by the catastrophic cost of the status quo. Centralization has not prevented abuse; it has only facilitated inefficiency. By shifting to a subnational model, we introduce proximity as a deterrent. When the police are part of the community, the social contract is renewed, and the wall of silence that often protects bandits and kidnappers begins to crumble.

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To transition from a “force” to a “service,” Nigeria must adopt the tactics of the world’s most efficiently policed nations. These countries balance local autonomy with high-technology integration. For President Tinubu and IGP Disu to truly “reclaim the killing fields,” the new state police must not just be “men in uniforms” but nodes in a digital security grid.

Here are three world-class tactics to curtail insecurity.
Nigeria’s forests have become “blind spots.” State police should be equipped with long-range thermal drones integrated with geotagging software. This allows local units to map “heat signatures” in dense foliage, identifying kidnappers’ camps with surgical precision before a single boot hits the ground.

Secondly, is Bio-Digital Border & Community DNA.
Instead of static checkpoints, state police should utilize biometric mobile units. By enrolling local populations into a decentralized database, “strangers” or “infiltrators” in a locality are immediately flagged during routine community patrols. This is the ultimate Bio-Digital Bastion.

Thirdly, is Professional Neutrality via Federal Oversight. To prevent the feared “governor’s militia” syndrome, Nigeria should adopt the German Model:
State Operational Autonomy: States control recruitment, localized patrolling, and community intelligence. A “National Police Service Commission” (NPSC) must set the bar for training, weapon handling, and forensic standards, with the power to decertify any state unit that violates human rights or democratic norms.

The inauguration of the 8-member steering committee by IGP Disu is the first step in a marathon. We must encourage this administration to remain indomitable. The transition to state police is not just a return to regionalism; it is a return to common sense.

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By empowering the states to secure their own lands, President Tinubu is providing the antidote to insecurity. It is time to move past the fear of abuse and embrace the power of localized, intelligent, and technologically-driven protection. Nigeria’s sovereignty starts at the grassroots.

Dr. Drama, PhD Counterterrorism contributed this piece via: Nigeriandrama@gmail.com

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DANIEL BWALA’S AL JAZEERA HUMILIATION +(VIDEO)

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By Farooq A. Kperogi

I barely know Daniel Bwala. He came to the forefront of national media attention in 2022 because of his impassioned opposition to the choice of Kashim Shettima as Bola Ahmed Tinubu’s running mate. But beyond his public break from the APC, he came across to me as a voluble, ignorant and opportunistic careerist, not because of his stance on Tinubu’s choice of a Muslim running mate, but because of what struck me as his facileness and self-seeking obsessions.

His dramatic volte-face from being a virulent Tinubu critic to a fawning, vicious Tinubu battering ram has proven that my hunch about him was accurate.

Yet I felt sorry watching him eaten alive by Mehdi Hassan on Al Jazeera on Friday, March 6. He willingly participated in the detonation of what remained of his credibility before the world. In the process, he did incalculable reputational damage to the Tinubu government he is paid to protect.

What viewers saw on Mehdi Hasan’s Head to Head was the spectacle of a presidential spokesman arriving unarmed to a firefight he should have anticipated, then trying to fight back with nervous laughter, evasions, amnesia and the old Nigerian official fallback of whataboutery.

His evasiveness and prevarications were so unnervingly apparent that Hasan was compelled to say, “At the weekend, you put out a video to music of you and your team researching and prepping for this show and…now every time I ask you say you are not aware of that….what were you researching in that video…?”

The most striking thing about Bwala’s performance was not that he was challenged hard. Anyone who agrees to sit opposite Mehdi Hasan knows the interview will not be a tea party. The disgrace was that Bwala looked startled by facts he should have mastered before stepping into the studio.

On insecurity, on corruption, on Tinubu’s own words and even on his own prior statements, he oscillated between denial, deflection and the sort of desperate verbal stalling that makes a government look smaller than its critics claim it is.

The problem was not that Daniel Bwala appeared lazy or obviously unprepared. In fact, he looked prepared, even thoroughly rehearsed and robotic. He had the posture, the confidence and the choreographed mannerisms of a man who believed he had done his homework. But his carefully planned performances collapsed pitifully when they collided with Hasan’s hard, cold, indisputable facts.

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Political wordplay can sometimes survive on friendly platforms or on Nigeria’s tame media spaces where assertion is mistaken for argument. It cannot survive a fact-driven, scorched-earthed, bare-knuckle, no-holds-barred interrogation.

Facts are facts. And Mehdi Hasan is a man of facts. He has the rare gift of making heavy, devastating facts sound almost light in conversation. That quality made Bwala’s evasions even more painful to watch.

The exchange over “context” illustrated this perfectly. When confronted with evidence that insecurity had worsened under the current administration, Bwala retreated to the mantra that “context matters.” Yet the context he invoked was little more than semantic fog and intentional, self-impressed verbal obfuscation.

Hasan, by contrast, used numbers and reports that any government spokesman worth the title should already know. The moment became absurd when Bwala insisted that the context of worsening statistics was that things were not getting worse. The dialogue is worth reproducing:

Hasan: You are failing. Amnesty International says you are failing at security. The numbers don’t lie.

Bwala: It’s unfortunate and as a government working day and night that situation. I don’t agree to [sic] the fact that it’s getting worse.

Hasan: How can it not get worse if more people die in one year than the previous year?

Bwala: Context matters.

Hasan: What’s the context?

Bwala: The context is not getting worse.

Hasan: What!

Bwala: Yes.

Hasan: The context is not getting worse?

Bwala: The context is that it is not getting worse, because you, you see this is a water [sic], right?….

Forget, for now, Bwala’s inexcusably horrible grammar, especially for a lawyer, his tortured logic and his buffoonish articulation. That was some cringeworthy self-own.


The numbers he tried to wave away are not inventions of hostile foreigners with an anti-Nigerian agenda. Nigeria’s own National Human Rights Commission reported that at least 2,266 people were killed by bandits or insurgents in the first half of 2025 alone.

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Conflict monitoring groups have recorded even higher totals for the full year. Amnesty International has repeatedly warned that violence has intensified since Tinubu assumed office. In other words, Hasan’s central point was merely a summary of documented reality.

This is what made Bwala’s performance so damaging. He was not merely disputing interpretations. He was disputing arithmetic. When a spokesman tells the world that things are not getting worse while credible datasets show that they are, he is insulting the intelligence of everyone listening, especially Nigerians who bury the dead, pay ransoms, withdraw their children from schools and avoid highways after dark.

But the interview’s most morally satisfying feature was Hasan’s methodical dismantling of Bwala’s denials about his own past words. Bwala tried the trite and tired Nigerian political trick of pretending that statements made in opposition exist in a separate moral universe from statements made in office. Hasan did not let him get away with it.

Bwala denied on air having said Tinubu and his camp created a militia and threatened him. Yet those remarks were widely reported during the 2023 campaign. He also denied saying that bullion vans seen at Tinubu’s Bourdillon residence were ostensibly for vote buying, despite the fact that the comments were carried by multiple Nigerian outlets at the time. So, when Bwala asked who said such things, the answer was brutally simple. Daniel Bwala said them.

The same pattern appeared on corruption. Tinubu did in fact proclaim at a public event that Nigeria had “no more corruption,” a line that was widely reported and widely mocked and that provoked Omoyele Sowore to call Tinubu a “criminal” for which he is being tried now.

Bwala’s attempt to rescue the statement by retroactively inventing a narrower meaning was not the contextual clarification he wanted it to be. It was out-and-out mendacity.

On the appointment of Abubakar Bagudu as minister of budget and economic planning, Bwala again reached for evasion. Yet the record is clear that Bagudu returned about $163 million linked to the Abacha loot investigations in a settlement with authorities. Whether or not one calls that a conviction, the public controversy around his appointment cannot honestly be dismissed as drunken rumor.

Then there is the overarching irony that electrified the interview. Bwala was confronted with the fossil record of his own mouth. Before joining Tinubu’s camp, he publicly attacked the same man over allegations of corruption, the drug forfeiture case in the United States and the bullion van episode. What Hasan exposed was the speed with which partisan appetite can digest prior conviction and call the indigestion growth.

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Bwala’s performance mattered for a reason larger than one man’s embarrassment. It showed in concentrated form the disease afflicting Nigerian political communication.

Too many spokesmen believe their job is not to illuminate but to survive the segment. So, they deny what is documented, nervously laugh when cornered, compare Nigeria with unrelated countries, abuse the word “context” and hope that shamelessness can do the work preparation cannot.

Daniel Bwala went to London to defend the government. Instead, he displayed its worst habits: contempt for evidence, indifference to contradiction and the assumption that public memory is so short that a man can disown his own recorded words without consequence.

Mehdi Hasan did not disgrace him. Bwala did that himself. Hasan merely kept the receipts.

Kperogi holds a Ph.D. in Public Communication from Georgia State University (2011), an M.Sc. in Communication from the University of Louisiana at Lafayette, and a B.A. in Mass Communication from Bayero University, Kano . He began his career as a journalist and news editor for Nigerian newspapers including the Daily Trust and the now-defunct New Nigerian . He also worked as a researcher and speechwriter in President Olusegun Obasanjo’s administration from 2002 to 2004 . Kperogi writes a popular weekly political column, “Notes from Atlanta,” which currently appears in the Nigerian Tribune, and a language column, “Politics of Grammar” . He has authored several academic books, including “Glocal English: The Changing Face and Forms of Nigerian English in a Global World” (2015) and “Nigeria’s Digital Diaspora: Citizen Media, Democracy, and Participation” (2020), which won the 2021 CHOICE Outstanding Academic Title Award

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DSS, THE WALIDA ABDULLAHI EPISODE, AND THE QUIET LEADERSHIP OF DG ADEOLA OLUWATOSIN AJAYI- OLUMIDE BAJULAIYE

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The Department of State Services (DSS), also known as the State Security Service (SSS), remains one of the most misunderstood institutions within Nigeria’s security architecture.

For many Nigerians, the agency only comes into public focus during dramatic arrests or when politics dominates the conversation. Yet intelligence work is far deeper and far more complex than the moments that make the headlines.
At its core, the DSS is Nigeria’s primary domestic intelligence service. Its duty is not simply to arrest suspects but to prevent threats before they escalate into national crises. Terror networks, espionage activities, sabotage against government institutions, and plots capable of destabilising the country all fall within its operational radar.

Like many institutions in Nigeria, the DSS has faced its share of criticism. There have been allegations of political interference, controversial arrests and occasional heavy-handed operations. Such scrutiny is normal in a democracy where powerful institutions are expected to remain accountable.

However, the other side of the story—often overlooked—is the critical role intelligence plays in keeping the country stable.
Intelligence successes rarely trend on social media because when intelligence works, crises are prevented before they occur. And “nothing happened today” rarely qualifies as breaking news.

Over the years, the DSS has helped disrupt terror financing networks, track extremist recruiters and intercept plots that could have resulted in major national security incidents. The agency has also provided intelligence support in the fight against insurgent groups such as Boko Haram, assisting security forces in anticipating threats.

Under the leadership of the current Director-General, Adeola Oluwatosin Ajayi, observers say the agency has focused increasingly on preventive intelligence, institutional reforms and improved collaboration with other security agencies.
Ajayi’s tenure has been associated with strengthening intelligence coordination among security institutions and placing greater emphasis on professionalism and lawful operations. Security analysts say the DSS has intensified efforts against kidnapping networks, arms trafficking rings and organised criminal syndicates threatening national security.

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Another area where the current leadership has drawn attention is the effort to rebuild public confidence in the agency. In recent years, the DSS has demonstrated a willingness to review controversial cases, comply with court processes and engage more openly with stakeholders, including the media.
The recent episode involving Walida Abdullahi also illustrates the delicate balance intelligence agencies must maintain between national security responsibilities and public perception.

While details surrounding the matter sparked debate in public spaces, it also underscored how intelligence operations—often conducted quietly and based on sensitive information—can quickly become subjects of political or social interpretation once they enter the public domain.
For the DSS leadership, such situations represent the difficult terrain intelligence institutions must navigate: acting decisively when national security concerns arise while ensuring that operations remain within legal and professional boundaries.
Observers argue that the measured handling of such sensitive matters reflects the broader leadership approach of Ajayi—one that prioritises caution, institutional discipline and strategic restraint rather than dramatic publicity.

Beyond operational issues, the DSS under Ajayi has also sought to improve engagement with the media and civil society, a move many believe is necessary in building transparency without compromising intelligence confidentiality.
Ultimately, intelligence work remains one of the most paradoxical professions in public service.
When intelligence agencies succeed, the public rarely notices because crises are prevented before they happen. But when something goes wrong—or even appears controversial—everyone suddenly becomes an expert.

The DSS, like every intelligence service in the world, will continue to face criticism and scrutiny. That is part of democratic accountability.
Yet beyond the noise of politics and public perception, the agency remains a critical pillar in Nigeria’s internal security structure—often working quietly while the public sees only fragments of its work.

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And if the current trajectory continues, the story of the DSS under DG Oluwatosin Ajayi may ultimately be defined not by the controversies that occasionally make headlines, but by the threats that never materialise.

Olumide Bajulaiye is the Publisher, Daily Dispatch Newspaper, writes from Abuja.

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