Opinion
Wasting The Wealth Of Nigeria
In Wealth of Nations, the 18th century economic classic,
Adam Smith (1723-1790) postulated that, “by selling product[s] that people want to buy, [entrepreneurs] make money. While they are engaging in their enterprises…they are also providing [services]. Such a system creates wealth not just for the [entrepreneurs], but for the nation as [a] whole when that nation is populated with citizens working productively.”
A scan through the Nigerian socio-economic landscape impresses one that the wealthy and a worrisome percentage of the middle class are competing with the residents of the cliffhanger chateaus of the French Riviera and the magnificent mansions on the sprawling landscapes of Bel Air, Hollywood. The sad and rather instructive contrast is that whereas at the French Riviera and in Bel Air the residents of the mansions share the same socio-economic status with their neighbors, the Nigerian noveau riche live in neighborhoods that snugly fit into the globally accepted classification of a ghetto where their homes stick out like a sore thumb.
That a worrisome percentage of the wealth of Nigeria is tied to unproductive and grandiose display of opulence and wasteful consumption is visible in every Nigerian community and social gathering: the “Taj Mahals” exist side by side mud-and-thatch huts therefore rudely proclaiming the socio-economic disparities of the Nigerian society; this has been captured in poetry and canvass as Distant Neighbors. Debo Adesina, offers that “a lot of [Nigeria’s] capital is tied down in waste through building [homes] that are not needed [and] acquiring cars that are unnecessary. The answer to development lies…[in] job creation and poverty alleviation.” If government pays heed to the essence and import of this statement and works towards correcting this misplaced priority in the society, the unemployment line will shorten and poverty will be reduced; consequently, social insecurity and resultant volatility of our nation will, naturally, abate in the long run.
In a paper I presented at the 2008 Isaac Boro Memorial Lecture at the International Conference Center, Abuja, I drew the attention of the nation to the fact that the then volatility of the Niger Delta must not be seen as a Niger Delta phenomenon; rather, that it should be seen as a national crisis, which the Niger Delta youths have reacted to through a window of expression that was convenient for them. I furthered by warning that if the social malaise of unemployment, poverty, illiteracy etc in Nigeria were not addressed urgently, that the youths of other parts of the country would, sooner than later, also find convenient windows for expressing their frustration. Radio France interviewed me after the presentation and aired it; incidentally, that event predated the advent of Boko Haram.
Stories abound of people who borrowed to lobby for public office or buy forms to contest elective positions; it is generally known that within their first term of four years a lot of them acquired such wealth that cannot be explained within the context of their legitimate income. Meanwhile, in their communities where they erect humongous structures, there is no pipe-borne water, no electricity, and the streets are not macadamized except that which leads to their home.
During a previous administration, a political office holder erected a N100m marble house at a time the Naira was two to the dollar; he put two lions in it and, legend has it that, each ate two goats per day in a society where and time when the average family could not, and still cannot, afford the cumulative equivalent of one goat in six months; in 2007, the house was up for sale at the asking price of N95m; today, the house is still up for sale and the asking price has dropped drastically in real terms now that the value of the Naira vis-à-vis the dollar at its lowest ever. In a more recent episode, another public officer allegedly built a N3bn home within four years of being in office while his community lacked in social infrastructure. Cases such as these abound across the nation.
Now, if a greater percentage of the resources plowed into building these wasteful structures were invested in the productive sector, employment would have been generated and the general state of national wellbeing would have been enhanced thereby reducing socio-economic disparities, engendering a more peaceful and socially secure society. The world agrees with Adam Smith especially nations that stand their priorities on their feet; and so do I. The wealth of a nation does not consist of unproductive and wasteful consumption; rather, it derives from people producing and selling goods and services that others want and are able and willing to purchase. Chinua Achebe had offered that Nigerians are “enormously talented [and the nation is] prodigiously endowed;” I couldn’t agree more. Nigeria has enormous natural resources that I had once said that “Nigerians, especially the leadership, are stupefied by the resources.” Again, Nigeria has an estimated population of more than 160 million citizens who are globally acclaimed to be brilliant, enterprising, resourceful and hardworking; given the advantage of access to the marketplace of the ECOWAS sub-region, all that is required is to put this workforce to productive service towards economic prosperity and the greater good of the nation.
The essence of Adam Smith’s postulate of our introduction is hinged on the phrase: “[a] nation…populated with citizens working productively.” Are the leaders of Nigeria listening to this two hundred and thirty-nine years old admonition? What about the electorate and the citizens? Is anyone listening? Anyone at all? Amon avis, Nigeria is where it is today as a result of a catastrophic combination of unpatriotic leadership and a gullible and, therefore, docile citizenry, a citizenry that does not realize that the dividing lines in human society are, absolutely, economic, not religion or ethnic.
Osai writes from the Institute of Foundation Studies (IFS), Rivers State University of Science and Technology, Port Harcourt
O. Jason Osai
Opinion
Restoring Order, Delivering Good Governance
The political atmosphere in Rivers State has been anything but calm in 2025. Yet, a rare moment of unity was witnessed on Saturday, June 28, when Governor Siminalayi Fubara and Minister of the Federal Capital Territory, Chief Nyesom Wike, appeared side by side at the funeral of Elder Temple Omezurike Onuoha, Wike’s late uncle. What could have passed for a routine condolence visit evolved into a significant political statement—a symbolic show of reconciliation in a state bruised by deep political strife.
The funeral, attended by dignitaries from across the nation, was more than a moment of shared grief. It became the public reflection of a private peace accord reached earlier at the Presidential Villa in Abuja. There, President Bola Ahmed Tinubu brought together Governor Fubara, Minister Wike, the suspended Speaker of the Rivers State House of Assembly, Martin Amaewhule, and other lawmakers to chart a new path forward.
For Rivers people, that truce is a beacon of hope. But they are not content with photo opportunities and promises. What they demand now is the immediate lifting of the state of emergency declared in March 2025, and the unconditional reinstatement of Governor Fubara, Deputy Governor Dr. Ngozi Odu, and all suspended lawmakers. They insist on the restoration of their democratic mandate.
President Tinubu’s decision to suspend the entire structure of Rivers State’s elected leadership and appoint a sole administrator was a drastic response to a deepening political crisis. While it may have prevented a complete breakdown in governance, it also robbed the people of their voice. That silence must now end.
The administrator, retired naval chief Ibok-Ette Ibas, has managed a caretaker role. But Rivers State cannot thrive under unelected stewardship. Democracy must return—not partially, not symbolically, but fully. President Tinubu has to ensure that the people’s will, expressed through the ballot, is restored in word and deed.
Governor Fubara, who will complete his six-month suspension by September, was elected to serve the people of Rivers, not to be sidelined by political intrigues. His return should not be ceremonial. It should come with the full powers and authority vested in him by the constitution and the mandate of Rivers citizens.
The people’s frustration is understandable. At the heart of the political crisis was a power tussle between loyalists of Fubara and those of Wike. Institutions, particularly the State House of Assembly, became battlegrounds. Attempts were made to impeach Fubara. The situation deteriorated into a full-blown crisis, and governance was nearly brought to its knees.
But the tide must now turn. With the Senate’s approval of a record ?1.485 trillion budget for Rivers State for 2025, a new opportunity has emerged. This budget is not just a fiscal document—it is a blueprint for transformation, allocating ?1.077 trillion for capital projects alone. Yet, without the governor’s reinstatement, its execution remains in doubt.
It is Governor Fubara, and only him, who possesses the people’s mandate to execute this ambitious budget. It is time for him to return to duty with vigor, responsibility, and a renewed sense of urgency. The people expect delivery—on roads, hospitals, schools, and job creation.
Rivers civil servants, recovering from neglect and under appreciation, should also continue to be a top priority. Fubara should continue to ensure timely payment of salaries, address pension issues, and create a more effective, motivated public workforce. This is how governance becomes real in people’s lives.
The “Rivers First” mantra with which Fubara campaigned is now being tested. That slogan should become policy. It must inform every appointment, every contract, every budget decision, and every reform. It must reflect the needs and aspirations of the ordinary Rivers person—not political patrons or vested interests.
Beyond infrastructure and administration, political healing is essential. Governor Fubara and Minister Wike must go beyond temporary peace. They should actively unite their camps and followers to form one strong political family. The future of Rivers cannot be built on division.
Political appointments, both at the Federal and State levels, must reflect a spirit of fairness, tolerance, and inclusivity. The days of political vendettas and exclusive lists must end. Every ethnic group, every gender, and every generation must feel included in the new Rivers project.
Rivers is too diverse to be governed by one faction. Lasting peace can only be built on concessions, maturity, and equity. The people are watching to see if the peace deal will lead to deeper understanding or simply paper over cracks in an already fragile political arrangement.
Wike, now a national figure as Minister of the FCT, has a responsibility to rise above the local fray and support the development of Rivers State. His influence should bring federal attention and investment to the state, not political interference or division.
Likewise, Fubara should lead with restraint, humility, and a focus on service delivery. His return should not be marked by revenge or political purges but by inclusive leadership that welcomes even former adversaries into the process of rebuilding the state.
“The people are no longer interested in power struggles. They want light in their streets, drugs in their hospitals, teachers in their classrooms, and jobs for their children. The politics of ego and entitlement have to give way to governance with purpose.
The appearance of both leaders at the funeral was a glimpse of what unity could look like. That moment should now evolve into a movement-one that prioritizes Rivers State over every personal ambition. Let it be the beginning of true reconciliation and progress.
As September draws near, the Federal government should act decisively to end the state of emergency and reinstate all suspended officials. Rivers State must return to constitutional order and normal democratic processes. This is the minimum requirement of good governance.
The crisis in Rivers has dragged on for too long. The truce is a step forward, but much more is needed. Reinstating Governor Fubara, implementing the ?1.485 trillion budget, and uniting political factions are now the urgent tasks ahead. Rivers people have suffered enough. It is time to restore leadership, rebuild trust, and finally put Rivers first.
By: Amieyeofori Ibim
Amieyeofori Ibim is former Editor of The Tide Newspapers, political analyst and public affairs commentator
Opinion
Checking Herdsmen Rampage
Do the Fulani herdsmen have an expansionists agenda, like their progenitor, Uthman Dan Fodio? Why are they everywhere even the remotest part of other areas in Nigeria harassing, maiming, raping and killing the owners of the land?”
In a swift reaction, The Movement for the Survival of the Ogoni People (MOSOP) decried and strongly condemned the invasion by suspected Fulani herdsmen.
In his denunciation, MOSOP President Fegalo Nsuke described the incident as very unfortunate and deeply troubling, warning against a recurrence of the violence experienced in Benue State. “The killing of yesterday is bad and very unfortunate. We are getting preliminary information about how the herders gained access to the farmland, and it appears some hoodlums may be collecting money and granting access illegally.”
He called on the Hausa community in Rivers State to intervene swiftly to prevent further attacks.
“We want the Hausa community in Rivers State to take urgent action to ensure these issues are resolved”.
But will such appeal and requests end the violent disposition of the Fulani herdsmen? It is not saying something new that the escalating threat and breach of peace across the country by the Fulani herdsmen or those suspected to be Fulani herdsmen, leaves much to be desired in a country that is bedevilled by multi-dimensional challenges and hydra-headed problems.
Some upland Local Government Areas of Rivers State, such as Etche, Omuma, Emohua, Ikwerre, Oyigbo, Abua, Ogba/Egbema/Ndoni, have severally recounted their ordeals, as herdsmen invaded farmlands, destroyed crops, raped female farmers and killed protestant residents.
Again the wanton destruction of lives and properties which no doubt has overwhelmed the Nigerian Police, makes the clamour for State Police, indispensable. The National Assembly should consider the amendment of the Constitution to allow States to have their Statutory policing agencies.
Opinion
Is Nigeria Democratic Nation?
As insurgency has risen to an all time high in the country were killings has now grown to be a normal daily activity in some part of the nation it may not be safe to say that Nigeria still practices democracy.
Several massacres coming from the Boko Haram and the herdsmen amongst all other insurgencies which have led to the destruction of homes and killing, burning of communities especially in the northern part of the country. All these put together are result of the ethnic battles that are fought between the tribes of Nigeria and this can be witnessed in Benue State where herders and farmers have been in constant clashes for ages. They have experienced nothing but casualties and unrest.
In the month of June 13-14, the Yelwata attack at the Guma Local Government Area by suspected gunmen or herdsmen who stormed the houses of innocent IDPs (Internally Displaced Persons) claiming the lives of families, both adults and children estimated to be 200 victims. They were all burnt alive by these unknown gunmen.
This has been recorded as one of the deadliest insurgencies that had happened in recent years. Some security personnel that were trying to fight the unknown gunmen also lost their lives.
Prior to the Yelewata attack, two days before the happening, similar conflict took place in Makurdi on June 11, 2025. 25 people were killed in the State. Even in Plateau State and the Southern Kaduna an attack also took place in the month of June.
All other states that make up the Middle Belt have been experiencing the farmers/herders clash for years now and it has persisted up till recent times, claiming lives of families and children, homes and lands, escalating in 2025 with coordinated assaults.
Various authorities and other villagers who fled for safety also blamed the herdsmen in the State for the attack that happened in Yelwata community.
Ehebha God’stime is an Intern with The Tide.
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