Editorial
FG’s N5,000 Stipend To The Poor
With beneficiaries from Borno, Kwara and
Bauchi States reported to have started
receiving the N5,000 monthly stipend promised by the All Progressives Congress (APC) during the 2015 presidential electioneering campaigns, the long-awaited social security programme of the President Muhammadu Buhari-led government has finally taken off in earnest.
A statement from the office of the Vice President indicated that a total of nine pilot states with an existing Social Register of most vulnerable and poorest, developed through a tried and tested Community Based Targeting (CBT) method, with assistance from the World Bank, were chosen to begin the payment of the projected one million indigent Nigerians, considered for the scheme.
The statement issued by Laolu Akande, spokesman of Vice President Yemi Osimbajo, which listed the nine States to include Borno, Kwara, Bauchi, Cross River, Niger, Kogi, Oyo, Osun and Ekiti said that the programme is being implemented through the Conditional Cash Transfer (CCT) component of the government’s Social Investment Programme (SIP).
The payment which is a 2015 campaign promise of President Muhammadu Buhari and the ruling All Progressives Congress (APC) has since become a national issue with some applauding the development and others expressing strong reservations on the workability or otherwise of the programme.
Those who laud the Federal Government’s gesture see the take-off of the programme as not only a promise fulfilled, but also as an integral part of measures to stimulate the economy and drive it out of its present sorry state, while positively touching the lives of the downtrodden at the same time.
On the flip side are those who are of the opinion that merely giving out money for people to spend without engaging them in any production activity will not help the economy but would rather encourage laziness, constitute a source of further division and rancour among the people and create another avenue for corruption. They queried its sustainability after the exit of the Buhari’s administration.
Accordingly, they argue that government should channel such funds towards reviving dead and dying industries, and the building of new ones to provide jobs and gainful employment for the teeming unemployed who will in turn cater for the poor and the vulnerable.
The Tide however thinks that the payment of N5,000 to the poor and vulnerable Nigerians as a social security measure is a welcome development but that the package needs to be properly finetuned and implemented in order to achieve its altruistic purpose.
First is the fact that the amount should have been reviewed in the face of the prevailing grave economic realities. The current recession in the country and the plummeting value of the naira have massively eroded the real worth of the said amount and therefore significantly devalued the original intention of the initiative as one to provide succour to the target group.
No doubt, the token may gladden the hearts of the beneficiaries and bring smiles to their faces and inspire hope and patriotism in others. This is why we strongly advise the Federal Government to take necessary measures to protect the scheme from being hijacked by politicians as was the case with similar initiatives in the past.
We hear that the All Progressives Congress (APC) is angling to take control of the implementation of the programme, especially in the non-APC controlled states. Suffice it to say that acceding to the demand of the party will render the programme dead on arrival.
Stringent measures must be adopted to ensure that the implementation is water-tight, free from manipulation by party faithful and that only prospective beneficiaries get the money while mindless politicians are kept far away from using it as a tool for settlement of party loyalists and cronies.
We also think that to make the scheme truly meaningful and achieve its objectives, government must redouble its efforts at turning around the economic fortunes of the country through the formulation and diligent implementation of policies and programmes that would ensure the resuscitation of moribund industries and the development of the solid mineral sector.
The Tide believes that diversification of the economy, expansion of the revenue base of the country and profitable engagement of Nigerians, among others, will not only create wealth for the nation but also make the scheme less burdensome for the government and enable it reach out to more people in need of support and assistance.
This, we think is the only way to establish a sustainable social welfare scheme that will stand the test of time and not just a desire to fulfill impulsive campaign promises.
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Making Rivers’ Seaports Work
When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
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