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‘Nigeria Performed Woefully In Economy, Security, Governance In 2021’

Published

4 years ago

December 31, 2021

Catholic Archbishop of Abuja, Most Revd Ignatius Kaigama, has said that the government performed woefully in managing the economy, the security challenges of the country as well as political leadership in 2021.
He said this, yesterday in a New Year Message titled: ‘He Makes Everything Beautiful in His Own Time’ which was made available to journalists in Abuja.
Kaigama also said the government fell short in efficiently coordinating the nation’s diversities and achieving satisfactory human capital development objectives.
He, however, gave the federal and state governments a pass mark in infrastructure because of the construction and renovation of some critical infrastructure and national assets.
The archbishop said, “On the part of governance, there seems to have been a fledgling effort to build and renovate critical infrastructure at both the federal and state levels.
“While we know that a lot still needs to be done, realising how vital this can be to our development as a nation, we need to appreciate the very little achieved so far and encourage our leaders to do more.
“However, our greatest asset remains our people. While building much needed infrastructure, the people must never be forgotten. Their hope must be sustained to live into that better future.
“Our nation has done woefully in many other important areas. We have failed to arrest the further decent of more of our people into penury and degrading poverty.
“The ever worsening security situation kept people away from the farms and now famine stares us in the face. This is largely responsible for why even staple foods have now gone beyond the reach of average families.
“If we are ever going to get a handle on the deadly orgy of violent crime, this must be mitigated and very quickly. Political leaders across the board must do more than merely repeating their intention to lift the populace out of poverty.
“We are all in grave danger should more and more young people take to rebellion by embracing violence as the only way to be noticed as we are already witnessing.”
But according to the Catholic prelate, who said Nigeria has enjoyed many graces amid the challenges, “There is definitely a lot to be grateful for this year. Although we are still a long way from that perfect harmony built on justice and equity, we still have God to thank for saving us from a catastrophe that seemed so inevitable only months ago. Nigeria has wobbled along, deeply divided but still one country.
“Moreover, our home grown problems of terrorism, banditry, kidnapping and ethnic separatist agitations presented a perfect scene tilting towards a disastrous end of apocalyptic proportions.”
Nevertheless, to stem the tide of ethnic and religious separatist agitations, Kaigama said political leaders must choose the path of sincere dialogue.
“Those of them who are surreptitiously firing the embers of discord and division for political gain must stop. This is the only credible way to prove to their followers that they are honestly committed to a united and indivisible Nigeria built on justice and equity to all.
“Our desire for justice is no doubt honourable, but in the name of justice, how often is violence committed which leads to injustice far worse than the ones we set out to redress.
“Those who are tempted to choose crime and violence as the only way to draw attention to their plight must rethink. We must first have a country before thinking of our wellbeing,” he said.
While calling on the government to make sincere and concerted efforts towards protecting the people, especially the defenceless, the archbishop urged Nigerians to also stand and be counted.
He added, “Let us not allow the bad people who are in the minority to determine the direction of our lives and the dominant narratives about our country.”

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

Published

5 days ago

January 9, 2026

The Tide

President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare

Published

5 days ago

January 9, 2026

The Tide

The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.

?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

Published

2 weeks ago

December 30, 2025

The Tide

The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.