Editorial
Beyond The WEF Africa
Notwithstanding the lingering security
concern in the country that was
worsened by the abduction of over 200 Chibok school girls by the Boko Haram insurgents, the world was literally in Nigeria on May 7 – 9, 2014 for the World Economic Forum (WEF) Africa.
The summit, which held in Abuja, Nigeria’s capital, was the 24th edition and adjudged one of the best organised. Within the period, Abuja was literarily shut down, as offices and major commercial concerns closed shop to allow easy access for participants that came from across the globe.
The event, which brought together some 1,800 regional and global leaders – unprecedented in the history of the summit – was centred on the theme, “Forging Inclusive Growth and Creating Jobs for Africa’s Growing Population.” The attendance of heads of government and businesses across the world clearly underscored the faith and confidence the world has on Nigeria.
This prestigious conference had been hosted by South Africa, Tanzania and Ethiopia. Nigeria being the largest economy in Africa, could not have been left out. Indeed, Nigeria’s Co-ordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, said, “Nigeria is seen as a dynamic economy with interesting prospects… that it is seen as attracting strong macro capital ability, and also the ability… especially, agriculture, petrochemical and manufacturing because we have a large consumer base”.
The WEF, as it were, is an organisation committed to improving the economy of the world and its citizens, with particular interest in arousing competitiveness of all countries in the global economy. Thus, its focus on Africa promises to be positively impactful on the continent. As expected, the Abuja summit helped to x-ray some developmental challenges in Africa and what can be done about them.
Interestingly, at the end of the three-day event, a commitment for $68 billion (N11.22 trillion) investment was made. The Managing Director, WEF, Africa, Philip Roster, said the commitment was secured for various sectors of the African economy. He said that the money would be invested in key sectors, including education, health, infrastructure and agriculture.
Also seen as dividend of the summit is the proposed $30 billion investment in Africa by China and 18,000 scholarships to African Professionals to study in China. Clearly, the impact of the summit will not be forgotten for some time, but African leaders must leverage on the benefits of the summit to better the lot of Africa and its people in the immediate future.
While we applaud the Federal Government and all its relevant agencies for a very successful and hitch-free summit, The Tide is of the opinion that WEF Africa Summit has opened some channels for foreign capital flow and expertise that African leaders must know how to manage. They have a lot to do to change the way things are done and to accommodate global best practices.
The world would want to see political stability and not coup d’etat or sit-tight leaders who have overstayed their welcome. Africa must shun corruption and eliminate situations that breed corruption, provide good governance, security and infrastructural development.
It is imperative that Africa captures a substantial part of the global market by applying international best practices and building on regional cooperation. Here, the idea of cutting corners and producing fake and sub-standard goods must stop as it only opens market for other countries.
For a nation rated by the World Bank to be among the poorest in the world, the hosting of the summit should be seen as yet another opportunity for critical reappraisal of Nigeria’s social and economic policies with a view to lifting its 170 million people and indeed Africans above the poverty line.
After the WEF Africa summit, it now behoves African leaders to move beyond rhetorics and work the words with positive action, tackling the challenges of security, infrastructure development and job creation to ensure sustainable growth.
Editorial
Checkmating ‘One-Chance’ Menaces In PH
Editorial
That Oshiomhole’s Call On FG’s Road Projects
There are moments in the life of a legislature when plain speaking becomes a public service. Senator Adams Oshiomhole provided such a moment on the floor of the Senate when he accused the Minister of Works, Senator David Umahi, of manifestly neglecting critical federal arteries in Edo and Delta States, and implored his colleagues to prevail on the Minister to adopt a more equitable and genuinely national approach to road infrastructure delivery. It was blunt, it was uncomfortable, and it was necessary.
The specifics of his complaint deserve restating. Drawing attention to the recent approval of some 20 new road projects despite the parlous state of existing ones, the former Edo State governor lamented that Nigerians cannot travel from Benin to Warri, Benin to Asaba, Benin to Auchi, or Auchi to Okene without encountering severe distress. He alleged a deliberate omission of these corridors from the national budget in the last three years, save for palliative interventions directed by President Bola Tinubu through tax credit arrangements. His question — “What have we done wrong?” — resonates far beyond the chambers of the National Assembly.
We lend our full and unequivocal support to that call. The Auchi-Benin Road, for instance, has been in a deplorable and near-impassable condition for several years, turning what should be a two-hour journey into an all-day ordeal of broken axles, extortionate fares, and despondent commuters. The media have, on multiple occasions, chronicled the suffering of motorists, traders, and students who ply that route. To describe it as a federal road today is to stretch the meaning of the term beyond recognition.
This pattern of sidelining is not confined to Edo or Delta. Even here in Rivers State, the disposition of the Federal Ministry of Works has left much to be desired, particularly along the Eleme axis of the East-West Road. That road, which ought to be a flagship of federal presence in the Niger Delta, has remained in a wretched state for long. Those who use it daily — workers at the Eleme Petrochemical Complex, the two refineries, Onne Port, and the countless ancillary industries — can attest to its deterioration. Work has proceeded in fits and starts without the sustained urgency such a strategic road demands.
The Eleme stretch is not a mere intra-state byway. It is the gateway to the nation’s economic jugular. According to the Federal Ministry of Works and Housing’s 2023 Highway Condition Survey, only about 35 per cent of the country’s 36,000 kilometres of federal roads are rated as being in good or fair condition, with the remainder classified as poor or very poor. The East-West Road, conceived in the 1970s to bind the entire Niger Delta, remains unfinished in critical sections more than four decades after. If it had been treated as a priority, the perennial gridlock, carnage, and economic loss on the Eleme-Refinery junction would have long been consigned to history.
The irony is as painful as it is glaring. The Niger Delta remains the goose that lays the golden eggs. Data from the Nigeria Extractive Industries Transparency Initiative [NEITI 2023 Oil and Gas Audit] show that the region still accounts for over 78 per cent of Nigeria’s federally collected export earnings and about 65 per cent of total government revenue. The National Bureau of Statistics [NBS Foreign Trade Report Q4 2024] similarly confirms that crude oil continues to dominate export receipts. By every metric of equity and economic logic, a region that sustains the national purse deserves first-rate consideration in the allocation of infrastructure, not afterthoughts and tokenism.
Road infrastructure is not largesse to be dispensed by favour; it is the skeleton upon which commerce, cohesion, and citizenship hang. When contracts are concentrated in one geopolitical zone while other zones are left to contend with craters, it erodes trust in the federation itself. The World Bank’s Nigeria Development Update [June 2023] estimated that poor transport connectivity inflates the cost of moving goods by up to 40 per cent and costs the Nigerian economy an estimated $1.5 billion annually in lost man-hours and vehicle maintenance. If we profess to be one country, then equity must be the compass that guides key institutions before any project is executed. Development must spread round, not pool in one place as though other regions do not matter.
There is also a grave security dimension that can no longer be ignored. The deplorable condition of federal roads has become a veritable enabler of criminality. The NBS Crime Experience and Security Perception Survey reported over 2.5 million incidents of kidnapping-related occurrences nationally, with transport workers identifying bad road spots as prime ambush points. When vehicles are forced to crawl at 10 kilometres per hour through failed sections at Auchi, Sapele Road, or Eleme, they become sitting ducks for armed gangs. Fixing bad roads, therefore, is not merely about convenience; it is about safeguarding lives.
By his intervention, Senator Oshiomhole has hit the nail on the head and reminded Minister Umahi of a fundamental constitutional truth: public office is held in trust. The Ministry of Works is not a personal estate where contracts are awarded according to whim or political convenience. It is a national institution funded by the collective resources of Nigerians, including the oil and gas rents from the very communities whose roads are now neglected. The Minister must demonstrate balance, transparency, and a pan-Nigerian outlook in the distribution of projects that impact the daily existence of citizens. Selective neglect breeds suspicion, and suspicion is corrosive at a time when the nation is preaching unity, oneness, equity, and justice.
Consequently, the National Assembly must go beyond rhetoric and assert its oversight powers with vigour. Sections 88 and 89 of the 1999 Constitution [as amended] empower the legislature to investigate and expose any maladministration in the execution of federal projects. If an office holder is not acting rightly, it is the duty of the Senate and the House of Representatives to call him to order. Oversight must not be reduced to budget approval ceremonies; it must translate to field verification, public hearings, and insistence that the Federal Character principle, as enshrined in Section 14(3) of the Constitution, reflects in road awards.
Let the Auchi-Okene, Benin-Warri, Benin-Asaba, and Eleme East-West gangways be restored to motorable dignity. Let priority be given to completing existing, economically vital roads before embarking on new ones. If those who, through their resources, sustain the federation are sidelined in the distribution of tangible dividends, it tells poorly of our nationhood. Bad roads must be fixed, and they must be fixed now, with fairness as the guiding standard.
Editorial
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