News
‘Insecurity Responsible For Economic Instability In Nigeria’
A cleric and the Chief Imam, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Dr. Abdulhakeem Akanni has attributed the rising security threats in Nigeria as factors responsible for economy instability in the country.
He also noted that kidnappings and herdsmen-farmers clashes across the country has prevented farmers to work on their farmlands, thereby forcing Nigerians to buy the few available farm produce at high rate.
Akanni, who spoke in Abeokuta, yesterday at the 14th Annual lecture of The Muslim Congress (TMC), Ogun State chapter, however, blamed Nigerians for the precarious situation.
He stressed that government’s failure to provide good roads, stable electricity, unbiased judicial system, payment of pension and gratuities, employment generation and equity in the sharing formula has forced many Nigerians to seek alternative means of sustainability.
Delivering his lecture on the topic: “Security and Economic Stability: Imperative for good governance in Nigeria”, the Islamic scholar equally blamed the citizens for their insincerity and disobedience to rule of law.
“You will observe that the precarious situation we found ourselves in this country got to this stage as a result of what both leaders and followers have done. We are all stakeholders in this and we all contributed into what this nation is today by our nefarious activities.
“We blame government officials for unemployment, bad roads, non-provision of electricity, non-payment of gratuities, non-payment of pension, non-remittance of cooperative deductions, lack of facilities in our hospitals and schools, but as Nigerians too, we also contributed to some of these problems.
“Some Nigerians support smugglers, some cheat in exams, parents enrol their children in special centres to participate in exam malpractices, teachers write answers on chalkboard for students during examinations, religious leaders don’t speak the truth anymore. These are the things that have brought our country to this precarious situation.
“For us to move Nigeria forward we need attitudinal change and for the leaders, they should be accountable to the masses and do self-assessment of their performance.
“There is too much bloodshed in the country. There is injustice in our VAT system. The federal government should stop robbing some regions to satisfy the interest of other regions. Let us stop our corrupt practices and seek the face of God,” the scholar stated
Speaking on the theme of the lecture: “Insecurity and National Unity: The Nation on trial”, Ustadh Muhammad Jamiu Tirimidhi Akano maintained that, the political instability, insecurity, and banditry were caused by tribal and religious crisis.
Akano, who is the Chairman, Committee of Experts, Zakat and Sadaqat Foundation, expressed disappointment in Nigeria political leaders, saying in spite of their religiosity, adherents have failed the nation.
He called on Nigerians to demonstrate unconditional love for one another, irrespective of religion, tribe, race and position.
According to him, merit in national appointment as against states and ethnic based nomination and inclusion of religious and moral instruction in school curriculum and constitution would return the country to the path of glory.
In his welcome address, the Waali of the Ogun State chapter of TMC, Dr. Ogunkoya Ibrahim maintained that, the theme for the lecture centred on finding the right mix of governance, leadership and political stability with particular reference to the roles of religious and political leaders.
He said the wave of overlapping security crises and political discordances rocking the nation, especially at a time the country was wallowing in the throes of economic downturn has necessitated the group to contribute its quota to the development of the country.
He expressed bitterness that, Nigeria which has once provided continental leadership in the economic sphere and in international diplomacy, including military and political leadership, was now groping in the dark, and struggling to find its feet.
Ogunkoya noted further that, the abject lack of commitment, by both the leaders and the citizens, to a united, stable, developed and prosperous Nigeria has put the country on the brink of collapse, as hard-line separatists and ethnic jingoists are springing up with agitations for separation and outright balkanization of the country.
“However, in spite of these precarious circumstances, we believe there is hope for a better tomorrow as every cloud has its silver lining. Change is indeed possible. This independence anniversary offers a veritable opportunity for us to begin a sincere process of national healing.
“First, there must be a top-down approach to a mental and moral reorientation. From the politician in the office, the faith leader in the sanctuary, to the common man on the street, we must all come to the realization that it is the wish of the Almighty Allah (SWT) that we dwell in this geographic expression called Nigeria as a people of an undivided nation and there is no other place we can rightfully call our own.
“Therefore, a good starting point for a change towards national integration is for us to disabuse ourselves of the out-dated perception of seeing ourselves as being from a part of the country before recognizing that we are Nigerians. As such, all hands must be on deck to ensure we take a clean break from our ugly past and chart a new beginning for our political and economic future”, he submitted.
The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.
The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.
This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.
The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.
Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.
Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.
From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.
The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.
The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.
The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the Polytechnic, recently.
Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.
He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.
This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly, Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.
The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.
Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.
He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.
The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.
Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.
Chinedu Wosu
-
Sports3 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports3 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports3 days ago
NPFL club name Iorfa new GM
-
Sports3 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports3 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports3 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports3 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics3 days agoRivers Assembly Resumes Sitting After Six-Month Suspension