Editorial
Nigeria And Recession Alert
The International Monetary Fund (IMF) recently projected that Nigeria’s economy would soon witness its worst recession in 30 years.
This projection was part of the Fund’s April 2020 World Economic Outlook report released penultimate Tuesday in Washington DC, United States at the commencement of its 2020 Spring meeting held through video conferencing.
The IMF further said that Nigeria’s economy will recede by 3.4 per cent in 2020 due to the COVID-19 pandemic, which has disrupted the global supply chain of most commodities, including the country’s main export commodity, crude oil.
It noted that this would be the worst economic setback in 30 years for Africa’s largest economy, after a negative economic growth of 1.51 per cent in 2016.
According to the IMF Chief Economist and Research Director, Gita Gopinath, the impending global recession would be the worst since the Great Depression between 1929 and 1932 when the advanced economies shrank by 16 per cent.
While Nigeria’s Gross Domestic Product (GDP) is expected to shrink by 3.4 per cent and land her in another recession, the Fund’s projected outlook for Africa’s most advanced economy (South Africa) is even worse at 5.8 per cent, from a 2019 growth of 0.2 per cent.
Nigeria was hoping to improve on her 2.2 per cent 2019 growth rate before the advent of the Coronavirus pandemic which saw the global oil price of petroleum tumbling. In fact, while oil prices were taking a bashing (no thanks to the muscle flexing between Russia and Saudi Arabia), the COVID-19 pandemic simply aggravated the situation. Currently, North Sea Brent crude is reported to be trading at USD 31.48 per barrel while Western Texas Intermediate sells for around USD17.75 per barrel. OPEC Basket is USD12.22.
To say that Nigerians did not see this coming will be the height of insincerity as there had been suggestions to nearly every administration to diversify the nation’s economy as to move the country away from its over dependence on petroleum as main revenue earner.
The Tide is deeply troubled that this gloomy projection is coming at a time when the average Nigerian is wishing that the trauma of the 2016 recession would soon be over and for things to return to normal.
The effects of job losses, high cost of living, border closure, herder–farmer clashes and the rising crime rate had led to a worsening of the nation’s misery.
We are also not unaware of the latest warning by the United Nations World Food Programme (WFP) in which Nigeria was listed as one of the 10 countries that would soon experience severe famine of biblical proportion.
With these projections indicating impending national calamities, we fear that the government and, indeed, Nigerians hardly have the time to make any meaningful preparations.
Already, the USD 57 per barrel crude oil benchmark in the 2020 budget has been reviewed downward, even as today’s oil price still makes nonsense of that review. Also, capital expenditure has been severely downsized. This is even as the nation’s USD 1.5 billion debt servicing pledges have become impracticable and need to be renegotiated.
Inflation rate has already entered double-digit while the steady depletion of the external reserve piles pressure on the naira’s worth. What’s more, with COVID-19 came the adoption of national and interstate border closures as part of containment measures. The intra-city lockdowns that also followed led to a halt in economic activities with the attendant negative effects on Gross Domestic Product (GDP).
The nation may therefore begin to reconsider redenominating her currency as was successfully done by Ghana some years ago, after decades of economic doldrums. Debt forgiveness is already out of any consideration for Nigeria because she is no longer in the world’s list of Highly Indebted Poor Countries (HIPCs), especially since after rebasing her economy in 2013 and emerging as the largest economy in Africa. She is now considered a middle income nation.
Efforts should be geared to better manage the nation’s available income. This period should be likened to a war situation when emphasis should be reduced in infrastructural development, rather efforts should focus on amassing weapons to attack the common enemy which in this case comprises Coronavirus, corruption, misery, hunger, climate change, among others.
There is no doubt that COVID-19 lockdowns have eroded whatever savings that were available for investment to the Micro, Small and Medium Scale Enterprises (MSMEs) in the country. In fact, some have had to convert their present stocks of goods for their daily consumption and survival. And this renders a serious blow to the nation’s GDP.
We commend the IMF for, as usual, alerting most vulnerable countries like Nigeria on the difficult times ahead. We also believe that, as it had always done in the past, the Fund will follow this up with a list of some necessary steps that need be taken by the government in order to curtail the extent of these difficulties.
And to the government, the call for a resort to mechanized agriculture and massive food storage has never been more expedient for a country of about 200 million people than now.
Editorial
For An Effective Supreme Court
The recent inauguration of 11 additional Justices to the Supreme Court, Nigeria’s highest judicial institution, presents a robust event in the judiciary. This action comes in the wake of a period the court was grappling with high workload pressure because of statutory retirements and unfortunate demise, resulting in the highest court running below its required capacity. However, the induction of the new Justices has brought transformation. The replenishment of the Bench restores the court’s strength to its estimated complement of 21 Justices, in line with the stipulations of the country’s constitution.
During the administration of the Oath of Office to the Justices, the Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, reiterated the essence of their role and the responsibility they carry. He emphasised the expectation for them to exhibit utmost integrity and fairness, akin to Caesar’s wife, in delivering justice impartially regardless of whose interests were at stake. According to him, they should see themselves as God’s representatives. Unfortunately, the 11 Justices were assuming their positions on the Supreme Court Bench during a period when the Nigerian judiciary, including the apex court, faces severe criticisms, resulting in widespread skepticism towards judges among the people.
Today, there is a lack of consensus regarding CJN Ariwoola’s assertion that Nigerian judges, across different levels, serve as representatives of God on earth and understand his expectations. While the CJN could have provided his guidance without invoking religious beliefs, he accurately pointed out the heightened scrutiny that the apex court will face, particularly from Nigerian politicians seeking to manipulate judicial outcomes. The legal community will also closely observe the newly appointed Justices, assessing how their promotion and the completion of the judicial panel at the apex court will impact the administration of justice and advance legal principles.
The main concern regarding the depletion of the apex court was the high number of cases on the docket, leading to over-congestion in the court and causing the Justices, who were already few in number, to be overworked. Justice Musa Dattijo Muhammad highlighted in his emotional farewell speech in October 2023 that the Justices were also underpaid and lacked resources. With the recent addition of 11 judges to the apex court, more cases can now be heard, leading to improved performance and efficiency. However, for this to be successful, the administrative processes at the Supreme Court must also be revamped and modernised.
We congratulate the new Justices on their appointment to a position that carries a sense of authority in their decisions while presiding over cases brought before them for adjudication. However, they must remember that their new role comes with great challenges, responsibilities, and heightened expectations, as the judiciary is often seen as the last resort for the common man.
This has become pertinent in light of the demand for justice by Nigerians, both ordinary citizens and those in positions of power, who feel let down by the decisions coming from the courts on various issues, especially those related to politics. Whether rightly or wrongly, there is a widespread belief that the respected institution of justice has been influenced by corruption; that greed and dishonesty have tarnished what was once a highly esteemed establishment that was respected by all.
Many well-meaning Nigerians have been vocal in their calls for the purification of the corrupt judiciary, especially the Supreme Court. It is widely believed that by ensuring a full complement of judges, a new era of swift justice can be ushered in, ultimately leading to the much-needed purification of the system. The hope is that with a reformed and efficient judiciary, the rule of law will be upheld, and justice will be served timely.
The judiciary in Nigeria is a reflection of the larger society, encompassing both the good and the bad. It must be recognised that Justices are human, with all the inherent flaws that come with being human. However, it is believed that through their training, sense of duty, and the discipline required for their roles, they should be able to rise above any shortcomings and fulfil their responsibilities to the public. It is expected that they will meet the presumptions of the people they serve.
From that perspective, and in view of the burden of duty they must discharge, we feel obligated to further contend that for the Justices to be able to, like the blind-folded lady, dispense justice without fear, favour or ill-will, there is the compelling urgency to make the judiciary a member of the tripod, truly independent, especially from the standpoint of funding. It deserves to get its allocation directly from the federation account devoid of the manipulative influence of any other arm of government. This is required if the nation must do away with the negative perceptions of who pays the piper dictates the tune.
Furthermore, the selection of the Chief Justice of the Federation or Chief Judge of a state should not be at the discretion of a single elected official, whether it be a governor or the President of the country. This tendency for one individual to have complete control over who holds these critical positions, often through manipulation and questionable deals, undermines the idea of a judiciary that is truly independent and able to withstand political pressure. Appointments to these offices should be made based on merit, integrity, and public scrutiny rather than political favouritism.
If judicial officers are diligent in carrying out their duties, they deserve to have comfortable working conditions. This means that they should not have to settle for the meager salaries they currently receive. The nation must ensure that we did not repeat the past where Supreme Court Justices had to protest against the poor working conditions they were subjected to. Corruption can be tempting, but with the right incentives and working environment, we can prevent it from taking hold. Justices need to be provided with better working conditions that do not compromise their rectitude.
Given that the Supreme Court has now been completely constituted, there should be no room for cases to drag on in their dockets. It is anticipated that a fully constituted Supreme Court will have all its courtrooms operational and the newly appointed Justices will enhance our legal system and assist the apex court in realising its maximum potential. Despite these recent appointments, more Justices of the apex court are approaching retirement and any resulting vacancies should be promptly filled without delays. With the court now at full capacity, we are optimistic about the future productivity and efficiency of the Supreme Court.
Editorial
IWD: Moving Towards Gender Equality
Today, March 8, marks International Women’s Day (IWD), a global observance devoted to recognising
and honouring the social, economic, cultural, and political accomplishments of women and girls. It is a moment to highlight the improvement made towards gender parity and to accentuate the ongoing work that still needs to be done.
The universal theme for 2024, “Invest In Women: Accelerate Progress,” highlights the relevance of investing in women’s education, healthcare, economic empowerment, and leadership development. By bolstering women through investment, we are not merely enhancing their individual opportunities and well-being but likewise fostering positive social and economic outcomes for communities and countries.
IWD, observed every year on March 8, is a worldwide celebration to honour women for their attainment, acknowledge their contributions to society, and promote gender equality. The day serves to coalesce people around the world and contemplate the growths made towards obtaining gender uniformity, while further recognising the challenges that still prevail.
The origins of IWD can be traced to the early 20th century, when women groups battled for reformed working conditions and social justice. The inaugural National Women’s Day was observed in the United States on February 28, 1909, following a declaration by the Socialist Party of America. In 1910, at the International Conference of Working Women in Copenhagen, Denmark, Clara Zetkin proposed establishing an annual Women’s Day to advocate for women’s rights and suffrage. The proposal garnered unanimous support, leading to the first IWD being celebrated in 1911 by over a million people in Austria, Denmark and Switzerland.
Additionally, IWD sheds light on the ongoing challenges and barriers that women around the world continue to face. These include gender-based discrimination, violence, unequal access to education, denial of employment opportunities, injustice, limited economic prospects, gender-based violence, and inadequate healthcare and education. We have to assess our achievements and renew the search for solutions to promote gender equality and empower women and girls.
Collaborating across different sectors and advocating for systemic change, can build a fairer and more inclusive world where every woman and girl can achieve their full potential and make meaningful contributions to society. As we celebrate the day, we have to recommit ourselves to creating a future where gender equality is not just an aspiration but a lived reality for everyone. We have to embrace this theme and join forces to construct a more just, prosperous, and inclusive world.
To achieve gender equality, men must support this cause. They can do so by dismantling patriarchal systems and creating a society that promotes inclusivity, enabling women to thrive. Men should listen to women’s experiences, amplify their voices, and actively work towards building a more equitable world. Both men and women can work towards a future where discrimination is eliminated and everyone, regardless of gender, can have access to equal opportunities.
Every March 8, Nigerian women join the rest of the world to celebrate IWD. It is an ample opportunity for political leaders to make grand promises to improve the lives of women and help them evade poverty. From the lowest-ranking officials to those in the highest positions, women are promised equal representation, active involvement, and policies that give priority to gender balance. However, by the next day, these same politicians revert to their usual ways, conveniently forgetting the promises they made until the next IWD comes around, and the cycle continues indefinitely.
Women play vital roles in both private and public spheres, and should be granted complete support and respect from society for their contributions. They should be encouraged to engage in governance and public affairs without facing discrimination or obstacles. Consequently, public policies should be intentionally designed to harness their abilities for the betterment and advancement of our nation. Nigerian women have impacted the country’s growth and development, thus investing in them would drive transformation and promote a seamless transition to a more secure and equitable society.
Rwanda, recognised as one of the fastest-growing economies in Africa, boasts one of the highest rate of female representation globally. In a strategic move to rebuild the nation following the post-genocide era, a new constitution was drafted and approved in 2003, allowing for the implementation of proactive measures, including a gender quota ensuring that women occupy a minimum of 30 per cent of political positions. Consequently, Rwanda stands out for having established one of the most effective systems due to the inclusion of women in decision-making processes.
Unfortunately, Nigeria ranks 133rd, globally for female political representation, with only 20 per cent of formal sector enterprises owned by women. Women have less than 6 per cent representation in the National Assembly, with merely 19 out of 469 members serving in the Senate and House of Representatives. This low representation is indicative of discrimination, as only three women serve in the Senate and 16 in the House of Representatives.
Gender equality needs to be at the top of the federal, state, and local governments’ agenda, and acknowledged as a major priority by all people, organisations, and communities, if our country is to achieve inclusive and sustainable development. Restrictive clauses, norms, and traditions that support prejudice and discrimination against women and girls must be addressed and eradicated. Every legislation currently in place that impedes the advancement of women should be examined and reviewed by the state and federal legislature. This would be the most potent way to observe this year’s International Women’s Day.
Editorial
Tackling Weapons Proliferation In Nigeria
On September 26, 2023, the United Nations General Assembly hosted a special event to observe the yearly
International Day for the Complete Elimination of Nuclear Weapons. That year marked the eleventh anniversary of the approval of Resolution 68/32, which was made in December 2013, creating this observance to raise awareness about the dangers nuclear weapons pose to humanity and the need for their total eradication.
Over a decade after the resolution was adopted, the goal of a world, free of nuclear weapons remains unachieved. Even countries such as Costa Rica have repeatedly warned of a new arms race with advanced and dangerous weapons, while states like Kazakhstan, Trinidad and Tobago, and the Holy See have cautioned of unpredictable global consequences. The number of nuclear warheads is increasing, and many delegates condemn the resurgence of nuclear rhetoric and threats. Only recently, Sri Lanka and Mexico noted that 2023 was the closest the world has ever been to nuclear war. And the threats continue to loom, even today.
Indeed, weapons of mass destruction, particularly nuclear ones, pose a serious threat to humanity due to their destructive power. The excessive accumulation of conventional weapons and illicit trade in Small Arms and Light Weapons (SALW) threaten international peace, security, and sustainable development. Explosive weapons in populated areas endanger civilians. And emerging weapon technologies pose a challenge to global security.
On March 5, yesterday the International Day for Disarmament and Non-Proliferation Awareness was observed to help increase the global public’s understanding of how disarmament efforts can contribute to promoting peace and security, preventing and resolving armed conflicts, and reducing human suffering caused by weapons. The day serves as a reminder of the need for working towards, a world free of weapons and violence.
This second International Day for Disarmament and Non-Proliferation Awareness was taking place during a critical time, with increasing military expenditures, escalating geopolitical rivalries, and a rise in violent conflicts worldwide. It is worrisome to see some leaders resorting to apocalyptic language when discussing the potential use of nuclear weapons. It is essential, more than ever, to promote peace, dialogue, and cooperation to prevent the catastrophic consequences of nuclear proliferation.
Yesterday’s event served as a reminder that disarmament and non-proliferation are imperative not just for a peaceful future, but for our very survival. Global leaders must prioritise peace by enhancing the mechanisms and strategies that deter the spread and utilisation of destructive weapons, such as the Treaty on the Non-Proliferation of Nuclear Weapons, and by formulating disarmament resolutions.
There is a pressing need for a renewed effort to combat the mushrooming and trafficking of small arms in Africa. The spread of small arms in West Africa, in particular, is rapidly transforming the region into a key hub for illegal drug trafficking, which in turn is fueling the rise of criminal organisations that possess enough weaponry to pose a threat to national security forces.
It is necessary to increase efforts to fulfil the objective of preventing, fighting against, and eliminating the illegal trade of SALW, as well as regulating the transfer of conventional weapons. The UN should completely execute the 2001 United Nations Programme of Action on Small and Light Weapons, which encourages international cooperation to enhance the capability of states in identifying and tracking illicit arms and light weapons.
Studies indicate that there are over a billion small arms circulating worldwide, with 87.5 per cent of these weapons owned by civilians. The Small Arms Survey of 2018 revealed that there were more than 40,009,000 small arms in the possession of civilians in different African countries. In Nigeria, the widespread availability of small arms and ammunition in various regions has led to increased levels of violence, kidnappings, robberies, mass killings, and socio-economic disruptions in society.
Nigeria is encountering a dangerous issue with the illegal possession of military-grade arsenals by criminals and non-state actors. This build-up of arms has reached an epidemic level, posing national security risks. Efforts by the executive, legislature, and security agencies have made some gains, but they have not been enough to reduce or eradicate the multiplication of SALW in the country.
Illicit SALW are a global concern, especially in Nigeria. These are weapons that are not controlled by a state or non-state entity and are often used in criminal activities or conflicts. The escalation of SALW has led to violence, crime, and insecurity in various parts of the country. SALW circulation has been reported in regions impacted by conflicts, such as the Niger Delta, North East affected by Boko Haram insurgency, and North-West which is presently terrorised by bandits, just as the North-Central has been made a theatre of the absurd by killer-herdsmen.
It is no longer debatable that illegal weapons often end up in the hands of criminal groups and non-state actors, causing instability and posing a threat to national and regional security. With access to these armament, rogue elements become more aggressive and less receptive to peace negotiations. The situation where these swindler elements have more sophisticated weapons than security agents exposes them to harm, weakening their ability to protect the populace, and help government realise one of its cardinal objectives: protection of lives and property of law-abiding citizens.
Unfortunately, Nigeria has the highest number of civilian SALW in any African country, according to the Small Arms Survey. In 2020, the nation had an estimated 6.2 million arms, with 3.21 per 100 persons possessing firearms. The survey also found that Nigeria has more Improvised Explosive Devices (IEDs) than any country in Sub-Saharan Africa. This alarming situation highlights the need for increased security measures in the country.
Therefore, government at all levels should collaborate with civil societies and other interested local and international agencies to effectively decrease the risk of amplification of SALW by confiscating and destroying these weapons. It is mandatory to raise awareness, particularly among children and youths, about the hazards of illicit SALW through a strong and well-coordinated campaign, education, outreach, engagement and representation.
This troubling discovery is not a good sign for Nigeria, particularly in this critical era when the country is facing serious economic and security issues in nearly all regions. The authorities must act to address the illicit intensification of SALW and work towards resolving the nation’s security challenges. The government needs to assert its authority in the use of coercive measures and encourage non-state actors to refrain from attempting to control any part of the Nigerian state. It is time to step up and tackle these issues head-on.
-
Niger Delta4 days ago
EDHA Summons BEDC Over Poor Power Supply
-
News4 days ago
Tinubu Appoints New NACA DG, Two FMC CMDs
-
News4 days ago
FG Releases N100bn Consumer Credit Fund For Manufacturers
-
Agriculture4 days ago
Eurobase Partners Foreign Coys For Improved Agric Mechanisation
-
News4 days ago
Insecurity: Arase Urges Police To Activate Platform For Tracking Criminals
-
Niger Delta4 days ago
Pensioners Call For Pension Commission In Akwa Ibom
-
Politics4 days ago
Federal Lawmaker Inaugurates HostComm Security Boats
-
News4 days ago
Abducted IDPs In Borno Went Beyond Permissible Distance -DHQ