Opinion
Sanusi: Suspension Or Termination?
“I have no regrets; I have no ill feelings and with no sadness. I’m happy; I’m proud of what I have done”.
These were the words of
Sanusi as he reacted to his suspension as the Governor of the Central Bank of Nigeria, (CBN), by President Goodluck Jonathan.
Though the Presidency referred to its unprecedented action “suspension from office”, it attracted divergent views from Nigerians of all walks of life.
Many Nigerians expressed anger over his sudden removal and claimed that he was being punished because of the series of revelations he had made about corrupt practices at the Nigerian National Petroleum Corporation ( NNPC), in the recent past. Recently, Sanusi revealed that $20 billion oil revenue was unremitted by the NNPC.
A statement by presidential spokesman, Dr Reuben Abati, debunked insinuations that the suspended CBN governor was witch-hunted because of revelations of financial corruption in the NNPC.
Rather, Abati stated that financial recklessness and misconduct were reasons for his suspension. At a press conference with State House correspondents in Abuja, Abati further asserted that Sanusi’s sins also included refusal to comply with Public Procurement Act in the procurement practices of the CBN.
In line with a presidential directive, Sanusi has since handed over to Dr Sarah Alade, who will operate as the acting CBN governor. But as Alade stepped into Sanusi’s shoes in an acting capacity, the President curiously nominated the Zenith Bank Managing Director and Chief Executive, Godwin Emefiele, to replace Sanusi. Emefiele’s confirmation is before the Senate.
The allegations against Sanusi are grave. Had he been truly proved guilty in a fair process, he would have deserved nothing less than an outright removal. But the question is why were the allegations which relate to his activities over the last five years left dormant till now? Why did the Presidency have to wait until Sanusi raised issues about corruption in NNPC before the allegations were made?
Given the fact that the embattled CBN governor had only three months to the end of his tenure, I think he should have been allowed to stay on. Mr President’s action could easily be interpreted to mean that he is getting back at Sanusi because of his latest pronouncements on the issue of non-remittance of funds by the NNPC into the federation account. The contrary is difficult to prove in the circumstances.
A proper appraisal of the situation will lead any reasonable person to the inevitable conclusion that the action will definitely have negative implications for the nation’s economy if left to stand. Given the sanctity of the CBN as an institution, the confidence of investors in the economy will be affected negatively. This development is indeed worrisome because what investors desire to see is good governance underscored by business-friendly economic reforms. Hence, decisions of this nature are not in any way confidence inspiring.
My dilemma was heightened when I discovered that the CBN Act (2007) does not empower the President to suspend the CBN governor. The clear provision in the Act is for his removal. And the Act provides that he cannot be removed except by the express consent of two-third majority members of the Senate. Where then does the President derive his powers to suspend the governor? Again, if Sanusu’s suspension is not an outright removal through the back door, why has Emefiele been nominated to replace him? The truth is that the President is in clear breach of Section II (7) of the CBN Act.
Sanusi may have had his own fault while in office. As a whistle blower, he might have blown the whistle out of proportion by failing to be accurate in the figures purported to have been misappropriated. But without him, would Nigerians have known that NNPC was not remitting billions of dollars to the federation account? The actual amount is immaterial. Some of the amount he quoted to have been missing, have not been reconciled uptil date.
It is hard for the Presidency to convince anyone that Sanusi’s suspension is not politically-motivated. The reason is that the timing of the decision was curious and he was neither given a just treatment nor fair hearing. Why has the suspension come at a time when he had made allegations of missing funds which remain unresolved?
I am particularly concerned that the allegation of financial recklessness by the Financial Reporting Council , upon which the former CBN governor was suspended, failed to indicate whether he was given fair hearing in line with our constitution. Sanusi’s suspension is sad and contemptuous of a man who worked assiduously and courageously.
Sanusi might have undermined the office of the President on a couple of occasions especially by the way he talked. But I wish President Jonathan and his advisers would be more tactful and strategic in their actions. Most especially they should make the masses their focus not politicians with vested interest.
Though the President acted unilaterally and in total disregard for the law, the soul of the matter is not whether Mr. President is wrong or right but whether an approach that undermines the personal interest of the President to that of the nation would have been more meaningful and just to all Nigerians.
Whether Nigerians choose to celebrate the President’s action or condemn it, the outcome should be our primary concerns.
Arnold Alalibo
Opinion
Empowering Youth Through Agriculture
Quote:”While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries”.
The Governor of Rivers State, Sir Siminalayi Fubara, recently urged youths in the Rivers State to take advantage of the vast opportunities available to become employers of labour and contribute meaningfully to the growth and development of the State. Governor Fubara noted that global trends increasingly favour entrepreneurship and innovation, and said that youths in Rivers State must not be left behind in harnessing these opportunities. The Governor, represented by the Secretary to the State Government, Dr Benibo Anabraba, made this known while declaring open the 2026 Job Fair organised by the Rivers State Government in partnership with the Nigeria Employers’ Consultative Association (NECA) in Port Harcourt. The Governor acknowledged the responsibility of government to create jobs for its teeming youth population but noted that it is unrealistic to absorb all job seekers into the civil service.
“As a government, we recognise our duty to provide employment opportunities for our teeming youths. However, we also understand that not all youths can be accommodated within the civil service. This underscores the need to encourage entrepreneurship across diverse sectors and to partner with other stakeholders, including the youths themselves, so they can transition from being job seekers to employers of labour,” he said. It is necessary to State that Governor Fubara has not only stated the obvious but was committed to drive youth entrepreneurship towards their self-reliance and the economic development of the State It is not news that developed economies of the world are skilled driven economies. The private sector also remains the highest employer of labour in private sector driven or capitalist economy though it is also the responsibility of government to create job opportunities for the teeming unemployed youth population in Nigeria which has the highest youth unemployed population in the subSahara Africa.
The lack of job opportunities, caused partly by the Federal Government’s apathy to job creation, the lack of adequate supervision of job opportunities economic programmes, lack of employable skills by many youths in the country have conspired to heighten the attendant challenges of unemployment. The challenges which include, “Japa” syndrome (travelling abroad for greener pastures), that characterises the labour market and poses threat to the nation’s critical sector, especially the health and medical sector; astronomical increase in the crime rate and a loss of interest in education. While job seeking youths should continuously acquire skills and explore opportunities within their immediate environment as well as in the global space through the use of digital platforms, government, corporate/ multinational organizations or the organised private sector should generate skills and provide the enabling environment for skills acquisition, through adequate funding and resettlement packages that will provide sustainable economic life for beneficiaries.
While commending the Rivers State Government led by the People First Governor, Sir Siminilayi Fubara for initiating “various training and capacity-building programmes in areas such as ICT and artificial intelligence, oil and gas, maritime, and the blue economy, among others”, it is note-worthy that the labour market is dynamic and shaped by industry-specific demands, technological advancements, management practices and other emerging factors. So another sector the Federal, State and Local Governments should encourage youths to explore and harness the abounding potentials, in my considered view, is Agriculture. Agriculture remains a veritable solution to hunger, inflation, and food Insecurity that ravages the country. No doubt, the Nigeria’s arable landmass is grossly under-utilised and under-exploited.
In recent times, Nigerians have voiced their concerns about the persistent challenges of hunger, inflation, and the general increase in prices of goods and commodities. These issues not only affect the livelihoods of individuals and families but also pose significant threats to food security and economic stability in the country. The United Nations estimated that more than 25 million people in Nigeria could face food insecurity this year—a 47% increase from the 17 million people already at risk of going hungry, mainly due to ongoing insecurity, protracted conflicts, and rising food prices. An estimated two million children under five are likely to be pushed into acute malnutrition. (Reliefweb ,2023). In response, Nigeria declared a state of emergency on food insecurity, recognizing the urgent need to tackle food shortages, stabilize rising prices, and protect farmers facing violence from armed groups. However, without addressing the insecurity challenges, farmers will continue to struggle to feed their families and boost food production.
In addition, parts of northwest and northeast Nigeria have experienced changes in rainfall patterns making less water available for crop production. These climate change events have resulted in droughts and land degradations; presenting challenges for local communities and leading to significant impact on food security. In light of these daunting challenges, it is imperative to address the intricate interplay between insecurity and agricultural productivity. Nigeria can work toward ensuring food security, reducing poverty, and fostering sustainable economic growth in its vital agricultural sector. In this article, I suggest solutions that could enhance agricultural production and ensure that every state scales its agricultural production to a level where it can cater to 60% of the population.
This is feasible and achievable if government at all levels are intentional driving the development of the agricultural sector which was the major economic mainstay of the Country before the crude oil was struck in commercial quantity and consequently became the nation’s monolithic revenue source. Government should revive the moribund Graduate Farmers Scheme and the Rivers State School-to-Land agricultural programmes to operate concurrently with other skills acquisition and development programmes. There should be a consideration for investment in mechanized farming and arable land allocation. State and local governments should play a pivotal role in promoting mechanized farming and providing arable land for farming in communities. Additionally, allocating arable land enables small holder farmers to expand their operations and contribute to food security at the grassroots level.
Nigeria can unlock the potential of its agricultural sector to address the pressing needs of its population and achieve sustainable development. Policymakers and stakeholders must heed Akande’s recommendations and take decisive action to ensure a food-secure future for all Nigerians.
By: Igbiki Benibo
Opinion
Of Protests And Need For Dialogue
Quote:“.Across Abuja, Anambra, and Lagos, a common thread emerges: a disconnect between authority and empathy. Government actions may follow policy logic, but citizens respond from lived experience, fear, and frustration. When these realities collide without dialogue, the streets become the arena of engagement”
It was a turbulent week in the country, highlighting the widening gap between government intentions and public perception. From Abuja to Anambra and Lagos, citizens poured into the streets not just over specific grievances but in frustration with governance that often appears heavy-handed, confrontational, or insufficiently humane. While authorities may genuinely act in the public interest, their methods sometimes aggravate tensions rather than resolve them.
In Abuja, the strike by workers of the Federal Capital Territory Administration (FCTA) and the Federal Capital Development Authority (FCDA) under the Joint Union Action Committee (JUAC) brought the capital to a near standstill. Their demands included five months’ unpaid wages, hazard and rural allowances, promotion arrears, welfare packages, pension and National Housing Fund remittances, and training and career progression concerns. These are core labour issues that directly affect workers’ dignity and livelihoods. Efforts to dialogue with the FCT Minister reportedly failed. Even after a court ordered the strike to end, workers persisted, underscoring the depth of discontent. Threats and sanctions only hardened positions.
The FCT crisis shows that industrial peace cannot be enforced through coercion. Dialogue is not weakness; it is recognition that governance is about people. Meeting labour leaders, listening attentively, clarifying grey areas, and agreeing on timelines could restore trust. Honesty and negotiation are far more effective than threats.
In Anambra, protests by Onitsha Main Market traders followed the government’s closure of the market over continued observance of a Monday sit-at-home, linked to separatist agitation. Governor Chukwuma Soludo described compliance as economic sabotage, insisting Anambra cannot operate as a “four-day-a-week economy.” While the governor’s concern is understandable, threats to revoke ownership, seize, or demolish the market risk escalating tensions. Many traders comply out of fear, not ideology. Markets are social ecosystems of families, apprentices, and informal networks; heavy-handed enforcement may worsen resistance. A better approach combines persuasion, dialogue with market leaders, credible security assurances, and gradual confidence-building. Coordinated political engagement with federal authorities could also reduce regional tensions.
In Lagos, protests erupted over demolition of homes in low-income waterfront communities such as Makoko, Owode Onirin, and Oworonshoki. The state defended these actions as necessary for safety, environmental protection, and urban renewal. While objectives are legitimate, demolitions drew criticism for lack of notice, compensation, and humane resettlement. Urban development without regard for human consequences risks appearing elitist and anti-poor. Where demolitions are unavoidable, transparent engagement, fair compensation, and realistic relocation must precede action to maintain public trust and social stability.
Across Abuja, Anambra, and Lagos, a common thread emerges: a disconnect between authority and empathy. Government actions may follow policy logic, but citizens respond from lived experience, fear, and frustration. When these realities collide without dialogue, the streets become the arena of engagement.
Democracy cannot thrive on decrees, threats, or bulldozers alone. Leaders must listen as much as they command, persuade as much as they enforce. Minister Wike should see labour leaders as partners, Governor Soludo must balance firmness with sensitivity, and Lagos authorities should align urban renewal with compassion and justice. Protests are signals of communication failure. Dialogue, caution, and a human face in governance are not optional—they are necessities. Police and security agencies must respect peaceful protest as a constitutional right.
By: Calista Ezeaku
Opinion
Empowering Youth Through Agriculture
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