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Kudos To Wike For FG’s Award 

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When Governor Nyesom Ezenwo Wike confidently proclaimed that the Rivers State Government would undertake a massive construction of infrastructure, particularly the flyover projects at the Port Harcourt/Aba Expressway in addition to the then three ongoing flyovers at Rumuogba, Okoro-nu-Odo, Rebisi and also expand the Rumuola flyover, professional howlers and opponents went to town with their usual never-ending criticisms.
One of the key commitments Wike made to Rivers people when he assumed office on May 29, 2015, was to embark on a fully comprehensive urban renewal and fulfil the long-held desire of indigenes and residents of the local government areas to be connected to the rest of the state through asphalt roads and solid bridges. Seven years plus into his tenure, the urban renewal programme in the capital city and indeed the interconnectivity across the state are remarkable interventions.
Since he took up office, Governor Wike has been widely celebrated for his infrastructural revolution, which has seen him impacting all facets of development. With giant strides in road construction and rehabilitation, the building of unprecedented 12 flyovers in the state, healthcare infrastructure; education, sports, and agriculture, among others, Wike is fondly called ‘Mr Projects’ by many Nigerians. And he has vowed not to rest on his oars until his last day in office.
In recognition of the governor’s outstanding performances that have set a useful benchmark, the Presidency recently nominated him for the Distinguished Award in Infrastructure Delivery at the forthcoming Nigeria Excellence in Public Service Award slated for October 21, 2022, in Abuja. The proposed award is a direct confirmation of the tremendous leadership of the governor. The hard-working Rivers’ governor, who is no stranger to the receipt of awards and accolades from far and near, recommitted himself to the service of the state in the following words:
“The only way we can show gratitude to the people for the confidence reposed in us by the people is to continue to serve them with all our hearts and might. I will continue to commission projects until the last day. We can’t stop. We were elected to serve the people. We will continue to offer quality services to our people. Even our worst critics will agree that we have delivered excellently on our campaign promises. By God’s grace we will finish strong and our incoming governor, Siminlalayi Fubara, will continue in our legacy of quality service to our people.”
We commend President Muhammadu Buhari for readily recognising Wike’s unprecedented contributions to the development of Rivers State through the provision of quality infrastructure. Buhari has demonstrated uncommon political maturity for inclining towards the Rivers State Chief Executive for the award among other governors in the country, despite coming from an opposition party. This speaks volumes about the visionary leadership the governor has delivered for his people.
The Tide congratulates Governor Wike on making Rivers State proud! During his administration, Port Harcourt has been transformed into one of the fastest growing cities in Nigeria. Hence,  we must go on to support him and his good work that continues to provide democratic dividends until his last day in office. Wike has brought Rivers State from the depths of murkiness to the great spotlight in national affairs. The governor’s nomination for the award will eternally remain a piece of cheering news to all Rivers’ sons and daughters.
Vice President, Prof Yemi Osinbajo, had nicknamed Wike, ‘Mr Projects’ at the Government House, Port Harcourt, after inspecting the various projects executed by the governor. His visit was part of the Federal Government’s measure to interact with leaders of the oil-rich region aimed at finding a lasting solution to the crisis in the area. During the state dinner organised in his honour by the state government, Osinbajo said he was impressed by the various project sites he visited.
Oyo State Governor, Seyi Makinde, renamed his Rivers State counterpart, Nyesom Wike, ‘Mr Quality Projects’. Makinde had cause to rebaptise him during the inauguration of the Emuoha campus of the Rivers State University, Port Harcourt. Makinde was Wike’s guest of honour, with both being allies, especially in their Peoples Democratic Party battles. He said Wike had been so productive that he deserved to move from being called ‘Mr Projects’ to ‘Mr Quality Projects’. Such is the impeccable character of the governor.
The true masters in any endeavour do not care for the limelight. They merely accomplish their task and move on. This is just as true in the Rivers State of today. The mysteries of Governor Nyesom Wike’s last four years in office are being unravelled one after the other, and his people are not holding back their acclaims. The present-day set of Nigerian governors is past understanding. Each has been rechristened with a sobriquet that fits his accomplishments. But Wike has one of the best of these titles, and for an exceptionally good reason.
Analysts have concluded that Wike is on the list of the top five governors in Nigeria and likely the first three in the history of Rivers State governors. No other Rivers governor has paid as much attention to grassroots development as he has. No other has managed to balance the nearly boundless resources of the state with the truly boundless demands of the people, culminating in a crescendo of satisfactory sighs.
Projects executed by the governor in these last four years perfectly encompass all aspects of the Rivers’ economy: development of basic and social infrastructure, education, tourism, transport, agriculture, you name it. What’s more, he has unclasped the weight of unfinished projects from the neck of Rivers people, and the projects that have changed positions from abandoned to finished are there for all to see.
Wike is a man known for his dedication to the fulfilment of his promises. He has worked very hard and achieved so much with far fewer resources. He has provided first-class socio-economic infrastructure and kept the state and businesses safe and secure, despite the unexpected outbreak of COVID-19 and the attempts to frustrate and create diversionary situations. Indeed, the administration has remained firm and focused on this progressive trajectory. We can only hope that his successor will add better momentum to the development of the state.

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Editorial

Learning From Kenya’s Protests

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In an effort to consolidate the fiscal framework and strengthen Kenya’s economy, President William Ruto introduced a controversial bill laden with punitive taxes. This bill targets essential commodities, inflating the cost of living through increased fuel prices, imposing additional duties on exports, and controversially taxing sanitary pads, a move that is antithetical to gender equity. This legislative measure, intended as an economic panacea, instead thrusts the dagger deeper into the vitals of an economy already reeling from decadent living standards and systemic inequality.
The incremental taxes included in the bill are in line with Keynesian economic principles, where government intervention is required to regulate economic activity. However, such intervention is intended to be facilitative, not oppressive. In the case of Kenya, the controversial taxes would have reverberated through the socioeconomic strata, exacerbating unemployment, increasing inflation, and squeezing the already meagre incomes of the working class.
In the face of these oppressive measures, the streets have become a place where Kenyans are strongly protesting against the oppressive actions of the government. The youth, who represent the future of the country, are passionately exercising their democratic right to protest against the injustice they face. This is not just a reaction to economic troubles, but a powerful statement of their fundamental right to live with dignity and free from poverty.
Following weeks of peaceful demonstrations against the proposed legislation, protesters rampaged through the parliament in Nairobi. Subsequently, Ruto authorised the deployment of both police and military forces to suppress the unrest. Regrettably, it has been reported that 13 protesters were killed and many others injured by the police. Such excessive force against civilians is completely unjustifiable. Rather than engaging in finger-pointing, the security officials responsible should face appropriate sanctions.
In 2022, the Ruto’s administration emerged victorious in the general elections in Kenya, coming into power with a commitment to enhance the living standards of the underprivileged and improve the overall conditions of millions of citizens. Notwithstanding the initial promises made during the election campaigns, the government faced the stark challenges of limited financial resources, considerable debts, and the consequent inability to promptly execute its promised agenda.
Undoubtedly, the sombre economic conditions compelled the government to implement the financial bill last year, introducing a housing tax and elevating the top personal income tax rate. This action incited dissatisfaction among substantial portions of the population, leading to public displays of outrage, street demonstrations, and in some cases, legal challenges against the government’s policies.
This bill that caused a lot of public demonstrations and unrest may suggest that Kenya’s political system is not properly representing and including all groups in society. This also raises questions about the role of parliament in making sure proposed laws are thoroughly discussed and debated, to prevent protests from turning violent. However, attacking the seat of legislative power does not help the cause of protestations. Instead, it undermines the very structures that allow people to participate in the political process and seek change.
Despite the withdrawal of the bill by Ruto and his accusation towards security forces for inaccurate intelligence, the protests have continued without pause. This situation highlights the lack of genuine democratic principles in Africa. The crisis is primarily related to the economy, as the government, with a GDP of $113.4 billion and a population of 54.03 million, has acknowledged being in debt and facing financial constraints. To address its $78 billion debt, the government contemplated raising taxes.
The government said the country would have a $31.1 billion budget deficit if it cancelled the planned tax increase. This is made worse by the International Monetary Fund’s (IMF) recommendation that the country should expand the number of people and businesses that pay taxes; improve how well people and businesses pay their taxes and have a stricter financial policy to reduce the country’s debt problems. Similar to numerous African nations, Kenya is closely connected to the IMF.
Regrettably, many African leaders exhibit poor management of their nation’s economies, resulting in appalling hardships for the populace. The citizens are left to bear the consequences of their irresponsible handling of both domestic and international loans. It is necessary that African citizens exercise their voting power to remove ineffective and incompetent governments from office.
Nigeria has faced challenges due to past IMF advisories, like the Structural Adjustment Programme (SAP) in the 1990s. The actions taken based on IMF recommendations, such as removal of petrol subsidy and floating of the naira, have harmed the economy and led to negative impacts like job losses and poverty. African leaders should give priority to implementing locally-developed policies to drive economic growth rather than relying on external financial agencies like the IMF and World Bank.
Regardless of President Ruto’s concession, some protesters still insist on continuing demonstrations until the government collapses. This would be unwise as it could lead to a disproportionate use of force, escalating tensions and potential fatalities. Protesters should avoid creating conditions for anti-democratic forces to disrupt the democratic system that allows citizens to peacefully demonstrate. In a democratic society, political change can be sought through the ballot box in the next elections.

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Editorial

CBN And Nigeria’s Cash Crunch

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Nigerians have, again, been thrust into desperation as they grapple with cash shortage that has cast a dark shadow over their daily lives. Months after the Supreme Court’s ruling permitting the coexistence of the old and new naira notes, the crisis persists, leaving countless individuals struggling to secure basic necessities.
The scarcity of naira notes has partially crippled commerce throughout the country, especially in the informal sector. Businesses are incapacitated, unable to complete transactions efficiently, resulting in a slowdown of economic activities. Some people are left in dire straits, desperate for cash to meet essential expenses such as food, transportation, and healthcare, among others.
The cash crisis has created a fertile ground for unscrupulous elements and businesses to engage in predatory tactics. Retailers are exploiting the despair of consumers by overcharging for goods, while others hoard cash to sell at inflated prices. This rampant profiteering has further burdened the already strained financial resources of many Nigerians.
It is deeply concerning that while the citizens are still contending with the fallout of a failed disastrous currency redesign policy last year, the Central Bank of Nigeria (CBN) has initiated another misguided scheme that has exacerbated the scarcity of the legal tender. This ill-conceived move is implemented at a time when Nigerians are already struggling with inflation, rising unemployment, and declining living standards. The CBN’s actions have only served to compound their plight.
The timing of the plan is particularly cruel and demonstrates a fundamental lack of consideration for the well-being of ordinary Nigerians. The Central Bank has failed to adequately assess the severe consequences of its policies on the lives of citizens, who are now compelled to endure an atmosphere of uncertainty and hardship.
Despite the apex bank’s assurances of sufficient naira notes in circulation, the cash dilemma continues to torment Nigerians. The situation has worsened following introduction of withdrawal limits by the nation’s financial authorities, leading to an increased reliance on Point-of-Sale (POS) terminals. However, this dependence has come at a steep cost.
POS service providers have taken undue advantage of the shortage by imposing exorbitant charges, further burdening consumers. The surge in charges has negated the convenience of POS transactions, driving up the overall cost of obtaining cash. The CBN’s claims of adequate cash supply ring hollow in light of the predatory practices of POS operators.
Currently, naira scarcity has gripped major cities across the country, with Automated Teller Machines (ATMs) running dry and commercial banks introducing withdrawal limits. Consequently, POS operators have compassed the moment to exploit the situation. Investigations have revealed that some bank officials who own POS businesses, channel cash meant for the public to these outfits. This is economic sabotage. These unpatriotic Nigerians must be identified and punished appropriately.
The Acting Director of Corporate Communications at the CBN, Mrs Hakama Sidi Ali, has acknowledged that there has been a rise in the amount of money in circulation. However, she claims that the scarcity of cash is due to individuals hoarding it. This explanation contradicts the actual situation on the ground, as numerous banks have been unable to fulfil the daily requests for cash withdrawals.
This is why it is required for the Federal Government to promptly intervene and resolve the difference between what the Central Bank asserts and the actual availability of cash. They should contemplate raising the limits for cash withdrawals, improving access to banking services in areas that lack sufficient coverage, and partnering with mobile money platforms to offer alternative payment options.
To restore confidence in the banking system and help Nigerians affected by the current liquidity crisis, it is necessary to make coordinated attempts to increase the amount of cash in circulation. This can be achieved by taking strict actions against unfair point of sale charges and implementing measures to safeguard consumers from excessive profit-making. The Central Bank can address the liquidity crisis by implementing these steps, and provide relief to the suffering population.
While we promote alternative modes of payment, including electronic channels, to reduce pressure on cash, the authorities must recognise that resolving the cash crunch is not merely an economic issue. It is a matter of social justice. Every Nigerian deserves easy access to their hard-earned money without being subjected to inordinate drudgery. The government has a moral responsibility to address this crisis swiftly and effectively to restore financial stability and ensure the well-being of all its citizens.

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Editorial

Lessons From UK Polls

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The United Kingdom’s general election of July 4 marks a turning point in the nation’s political land-
scape. It highlights the resilience of its democratic traditions. The peaceful transition of power from Rishi Sunak to Keir Starmer reflects the strength of Britain’s political institutions and the electorate’s ability to effect change.
Moreover, the landslide victory of the Labour Party signifies a potential shift in the country’s ideological trajectory, prompting a reevaluation of its political, economic, and social future. As the nation navigates this pivotal moment, the smoothness of this transition serves as a testament to the stability and adaptability of Britain’s democratic infrastructure.
One of the most striking aspects of the new cabinet is the representation of women, with 11 out of 19 cabinet members being female. This stands in contrast to the situation in Nigeria, where women are severely underrepresented in government, particularly in the Northern states where female participation in politics is almost non-existent. The success of these women in the British political arena serves as a quintessential example for Nigeria, where patriarchy still holds sway and gender equality in politics remains a distant dream.
Eight Nigerian-Britons emerged victorious in the parliamentary elections, garnering adulation from Nigerians both at home and abroad. Their success highlights the importance of merit-based selection in politics, as each Member of Parliament (MP) won their seat on the basis of their personal qualifications and achievements. Unlike in Nigeria, where political appointments are often influenced by money, party leaders, and other extraneous factors, the British system values the power of the voter and respects the rights of every citizen to participate in the democratic process.
The diverse backgrounds and professional expertise of the Nigerian-British MPs further underscore the importance of competence and performance in politics. These individuals, ranging from engineers to lawyers, have earned their seats through hard work and dedication, rather than through political connections or nepotism. Their success should serve as a wake-up call to the Nigerian political system, where the average age of politicians is over 60 and where professional qualifications are often overshadowed by tribal and religious affiliations.
A veteran politician and one of the leading Nigerian-British MPs, Kemi Badenoch, exemplifies the success that can be achieved through hard work and dedication. Despite the challenges faced by her party in the recent election, Badenoch was re-elected on the basis of her qualifications and track record in office. Her appointment as Secretary of State for the Department for Business and Trade is a testament to her capabilities and leadership skills.
The current political climate in Nigeria stands in sharp contrast to the achievements of Nigerian-British professionals in the political sphere. Through their perseverance, commitment, and professional knowledge, Taiwo Owatemi, Chi Onwurah, Kate Osamor, Bayo Alaba, Josh Babarinde, Florence Eshalomi, Helen Grant, and Kemi Badenoch have all been elected to the legislature. This is in contradistinction to the state of affairs in Nigeria, where many politicians are viewed as “professional politicians” who lack distinguishable credentials or sources of income.
Nigeria’s electoral system is radically different from that of Britain, where candidates accept the results of the poll without filing lawsuits. Britain’s electoral procedure is also transparent and effective. But in Nigeria, courts are routinely called upon to resolve electoral disputes since elections are frequently tainted by violence, corruption, and legal problems. Nigeria’s electoral process is not credible due to the absence of intra-party democracy and the involvement of cronies and godfathers.
While the political achievements of the elected Nigerians are commendable, they also serve as a sobering reminder of the weaknesses in our democratic system. After all, competence and performance ought to be the main determinants of electoral success, not religious and tribal affinities as they frequently are in Nigeria. The achievements of these Nigerian-Britons should compel a reassessment of Nigeria’s political environment, highlighting the necessity of a more efficient and responsible democratic system.
Unfortunately, the high rate of litigation in Nigeria’s elections threatens the country’s democratic process, creating tension and uncertainty from pre-election disputes to post-election challenges. This undermines voter choices and trust in the electoral system, raising concerns about the judiciary’s independence. Electoral reforms promoting transparency, accountability, and timely dispute resolution outside the courts are needed to strengthen democracy in Nigeria.
Our nation’s democracy is at a critical point and must evolve to survive. We need to shift away from costly campaigns and prioritise electoral integrity by safeguarding voter rights and promoting transparency. By addressing key national issues, Nigerian politics can become more sustainable and effective. These reforms are essential for our nation to progress towards a more inclusive and representative government.
Nigeria and other countries grappling with democratic government ought to take note of the Nigerian-British MPs’ accomplishments. Political leaders must be held responsible for their acts, and citizenship entails both rights and obligations. To be a really democratic society, where the power of the vote is honoured and protected, a society should be based on competence, performance, and transparency. Then and only then, regardless of origin or background, can we aspire to create a brighter future for every citizen.

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