Opinion
Irony Of Buhari’s Exit
The immediate past administration at the Federal level was known for always making statements which later turned out to be comical prank or “April Fool”. Recall that the former President and Minister of Petroleum Resouces, Muhammadu Buhari had, eight months to the expiration of his tenure as President of the Federal Republic of Nigeria assured Nigerians that he would leave Nigeria on May 29, 2023 a better country than when he took over from his predecessor, Dr. Goodluck Ebele Jonathan, in 2015. Since he made that statement, many people analysed the feasibility and workability of his assurance considering the state of the economy and other sectors of the country that are in comatose vis-a-vis the short time left for him. The economy, to say the least, was depressed, worsened by high rate of inflationary trends. The cost of living was all time high during President Buhari’s eight years of “Pluto-Democratic” (a democracy run by few rich people) administration.
The education sector did not fare well either. Universities in Nigeria suffered one of the worst neglects in the annals of the history of Nigeria. Public universities were shut down for about eight months. The protracted face -off between the Academic Staff Union of Universities (ASUU) and the Federal Government lingered and is not resolved because the former administration under Muhammadu Buhari did not make reasonable efforts to meet the core demands of the Academic Staff Union of Universities. Consequently, students’ academic programmes were extended: students that would have graduated last year and of course every other student, are still one year behind. No thanks to Buhari’s administration.
Rather than addressing the salient issues of welfare, infrastructure and quality manpower for better productivity, the Federal Government recognised two other trade unions within the university sector with the intent to whittle down the influence of the Academic Staff Union of Universities, -an act which labour leaders and human rights activists described as repugnant to extant Labour laws in the country and diversionary. No thanks to Dr. Chris Ngige, the maradonic Labour Minister of President Buhari’s administration. Nigerians will not forget in a hurry the draconian currency swap and Naira Redesign that posed great hardship on the people. For the first time, Nigerians bought their own money, paying outrageous charges to access money in their own accounts.
During the immediate past administration, prices of petroleum products were upwardly reviewed five times. The premium motor spirit price of N65 per litre which the Buhari administration inherited in 2015 from Dr. Goodluck Ebele Jonathan’s administration was N295 per litre upon Buhari’s exit. Today, it is about N600 per litre. Diesel is a scarce commodity sold at exorbitant price, thus, negatively impacting the cost of production. Of course, it is not saying a new thing that several industries have scaled down production capacity, other small and medium scale businesses that thrived before the inception of the Buhari’s administration in 2015 are either gasping for breath for survival or moribund because of high cost of petroleum products occasioned by its unavailability. Before the inception of Buhari’s administration, kerosene was not only available, it was dispensed at petrol stations at N50 per litre pump price which was user-friendly.
Today, kerosene is out of stock and unaffordable. A 20 litre Jerry can of kerosene presently sells for N16,000 as against N1,200 former president Muhammadu Buhari inherited. As at 2015 when the outgone Federal Government came to power, a bag of quality rice was N6,000. At the exit of that government, it is N46, 000 about 800 percent increase. The former administration came to power on the mantra of ridding the country of the “corruption of Goodluck Jonathan’s administration” but it has produced some of the most corrupt leaders and abysmally corruption cases in the country so much so that the Dr. Jonathan’s administration that Buhari’s administration accused of corruption, comparatively enjoyed acceptance and popularity. Life was better in the alleged corrupt administration of Goodluck Ebele Jonathan than the “corruption intolerant” Buhari administration that people demand a corrupt administration with better life than a saintly administration with penury and hardship. It was a clear case of the proverbial kettle calling the pot black.
As at June 2022, Nigeria was the fourth most indebted nation in the world with a 13 billion dollars debt stock according to International Development Association. Nigeria was also rated among the first ten most corrupt countries in the world by the Transparency International. What happened to the public servants pension contributions? The number of out-of-school children is on a geometric increase. For instance, within one year of former president Muhammadu Buhari’s administration, 20 million children were out of school in 2022 as against 10 million in 2021. Speculatively, the number shall have increased to 30 million by 2023 because of unemployment, depressed economy and unbearable high cost of living making parents not to be able to provide for the basic necessities of their children, including their educational needs.
Today, the value of Nigeria’s currency has comparatively dropped to about N515 per dollar in the official market as against N295 per dollar as at 2015. Nigeria experienced the worst incidents of insecurity during the administration of Buhari than the preceding administration, so much so that the clamour for State Police, regional security and internal or neighborhood security outfits were vigorously pursued. The sanctity of life was compromised as faceless people killed with impunity. As at 2015 only one incident of Boko Haram invasion of school was recorded. And that was the Chibok girls. During the administration of Buhari about five cases were recorded. Buhari was the substantive Minister of Petroleum Resources for eight years, yet he could not revamp existing refineries in eight years.
But the Dangote Group built the largest single train oil refinery in the world in the same period with the nation’s equity fund. Yet with such unfriendly indices which smack of a sickly and failed state, the former president Muhammadu Buhari in his farewell address to Nigerians on Monday May 29, said: I am confident that I am leaving office with Nigeria better in 2023 than in 2015. Is it a joke or a prank on the sensibility of Nigerians. Should any conscientious and analytical mind agree with the position of former Mr. President? In my considered but candid opinion, the answer is No!
By: Igbiki Benibo
Opinion
Betrayal: Vice Of Indelible Scar
The line that separates betrayal and corruption is very thin. Betrayal and corruption are two sides of the same coin. Like the snail and its shell they are almost inseparable. They go hand-in-globe. Betrayal and corruption are instinctive in humans and they are birthed by people with inordinate ambition – people without principles, without regard for ethical standards and values. Looking back to the days of Jesus Christ, one of his high profile disciples-the treasurer, was a betrayer. Judas Iscariot betrayed Jesus Christ for just 30 pieces of silver. One of the characteristics of betrayers is greed.
So, when on resumption from his imposed suspension, the Rivers State Governor, Sir Siminilayi Fubara threatened to bring permanent secretaries who were found complicit in “defrauding” the State during the days of Locust and Caterpillar regime, he did not only decry a loot of the Treasury but the emotional trauma of betrayal perpetrated by those who swore to uphold the ethics of the civil service. Governor Siminilayi Fubara had least expected that those who feigned loyalty to his administration would soon become co-travellers with an alien administration whose activities were repugnant to the “Rivers First” mantra of his administration. The saying that if you want to prove the genuineness of a person’s love and loyalty feign death, finds consummate expression in the Governor Fubara and some of the key members of the State engine room
Some of those who professed love for Governor Siminilayi Fubara and Rivers State could not resist the lure and enticement of office in the dark days of Rivers State, like Judas Iscariot. Rather, they chose to identify with the locusts and the caterpillars for their selfish interest. Julius Caesar did not die from the stab of Brutus but by his emotional attachment to him, hence he exclaimed in utter disappointment, “Even you Brutus”. The wound of betrayal never heals and the scar is indelible. Unfortunately, today, because of gross moral turpitude and declension in ethical standards and values, betrayal and corruption are celebrated and rewarded. Corruption, a bane of civil/public service is sublime in betrayal. The quest to get more at the expense of the people is the root of betrayal and sabotage.
This explains why Nigeria at 65 is the World’s capital of poverty.
Nigeria is not a poor country, yet, millions are living in hunger, abject poverty and avoidable misery. What an irony. Nigeria, one of Africa’s largest economies and most populous nation is naturally endowed with 44 mineral resources, found in 500 geographical locations in commercial quantity across the country. According to Nigeria’s former Minister for Mines and Steel Development, Olamiekan Adegbite, the mineral resources include: baryte, kaolin, gymsium, feldspar, limestone, coal, bitumen, lignite, uranium, gold, cassiterite, columbite, iron ore, lead, zinc, copper, granite, laterite, sapphire, tourmaline, emerald, topaz, amethyst, gamer, etc. Nigeria has a vast uncultivated arable land even as its geographical area is approximately 923, 769 sq km (356,669 sq ml).
“This clearly demonstrates the wide mineral spectrum we are endowed with, which offers limitless opportunities along the value-chain, for job creation, revenue growth. Nigeria provides one of the highest rates of return because its minerals are closer to the suffer”, Adegbite said. Therefore, poverty in Nigeria is not the consequences of lack of resources and manpower but inequality, misappropriation, outright embezzlement, barefaced corruption that is systemic and normative in leaders and public institutions. According to the World Poverty Clock 2023, Nigeria has the awful distinction of being the world capital of poverty with about 84 million people living in extreme poverty today.
The National Bureau of Statistics (NBS) data also revealed that a total of 133 million people in Nigeria are classed as multi-dimensionally poor. Unemployment is a major challenge in the country. About 33 percent of the labour force are unable to find a job at the prevailing wage rate. About 63 percent of the population are poor because of lack of access to health, education, employment, and security. Nigeria Economic Summit Group (NESG) speculated that unemployment rate will increase to 37 percent in 2023. The implications, therefore, is increase in unemployment will translate to increase in the poverty rate. The World Bank, a Washington-based and a multi-lateral development institution, in its macro-poverty outlook for Nigeria for April 2023 projected that 13 million Nigerians will fall below the National Poverty line by 2025.
It further stated that the removal of subsidy on petroleum products without palliatives will result to 101 million people being poor in Nigeria. Statistics also show that “in 2023 nearly 12 percent of the world population of extreme poverty lived in Nigeria, considering poverty threshold at 1.90 US dollars a day”.Taking a cursory look at the Nigerian Development Update (NDU), the World Bank said “four million Nigerians were pushed into poverty between January and June 2023 and 7.1 million more will join if the removal of subsidy is not adequately managed.” These startling revelations paint a grim and bleak future for the social-economic life of the people.The alarming poverty in the country is a conspiracy of several factors, including corruption. In January, 2023 the global anti-corruption watchdog, Transparency International, in its annual corruption prospect index which ranks the perceived level of public sector corruption across 180 countries in the world says Nigeria ranked 150 among 180 in the index. Conversely, Nigeria is the 30th most corrupt nation in the ranking. It is also the capital of unemployment in the world.
Truth be told: a Government that is corruption-ridden lacks the capacity to build a vibrant economy that will provide employment for the teeming unemployed population. So crime and criminality become inevitable. No wonder, the incessant cases of violent crimes and delinquency among young people. Corruption seems to be the second nature of Nigeria as a nation . At the root of Nigerians’ poverty is the corruption cankerworm.How the nation got to this sordid economic and social precipice is the accumulation of years of corrupt practices with impunity by successive administrations. But the hardship Nigerians are experiencing gathered momentum between 2015 and 2023 and reached the climax few days after President Bola Ahmed Tinubu, who assumed power as president of Nigeria, removed the controversial petroleum subsidy. Since then, there is astronomical increase in transport fares, and prices of commodities. Living standard of most Nigerians is abysmally low, essential commodities are out of reach of the poor masses who barely eat once a day.
The Dollar to Naira exchange rate ratio at one dollar to N1,000, is the most economy-unfriendly in the annals of the history of Nigeria. The prohibitive prices of petroleum products with the attendant multi-dimensional challenges following the removal of the subsidy, has posed a nightmare better to be imagined than experienced. Inflation, has been on the increase, negatively affecting the purchasing power of low income Nigerians. Contributing to the poverty scourge is the low private investment due to.unfriendly business environment and lack of power supply, as well as low social development outcomes resulting in low productivity. The developed economies of the world are private sector-driven. So the inadequate involvement of the private sector in Nigeria’s economy, is a leading cause of unemployment which inevitably translates to poverty.
Igbiki Benibo
Opinion
Dangers Of Unchecked Growth, Ambition
In today’s fast-paced, hyper-competitive world, the pursuit of success and growth has become an all-consuming force. Individuals, organisations, and nations alike, are locked in a perpetual struggle to achieve more, earn more, and surpass their rivals. Yet, beneath this relentless drive for progress lies a silent danger—the risk of self-destruction. This perilous pattern, which I call the self-destruct trajectory, describes the path taken when ambition and growth are pursued without restraint, awareness, or moral balance. The self-destruct trajectory is fueled by an insatiable hunger for more—a mindset that glorifies endless expansion while disregarding the boundaries of ethics, sustainability, and human well-being. At first glance, it may appear to promise prosperity and achievement. After all, ambition has long been celebrated as a virtue. But when growth becomes the only goal, it mutates into obsession.
Individuals burn out, organisations lose their soul, and societies begin to fracture under the weight of their own excesses. The consequences are everywhere. People pushed beyond their limits face anxiety, exhaustion, and disconnection. Companies sacrifice employee welfare and social responsibility on the altar of profit. The entire ecosystems suffer as forests are cleared, oceans polluted, and air poisoned in the name of economic progress. The collapse of financial systems, widening income inequality, and global environmental crises are all symptoms of this same relentless, self-consuming pursuit. To understand this dynamic, one can turn to literature—and to Charles Dickens’ Oliver Twist. In one of the novel’s most haunting scenes, young Oliver, starving in the workhouse, dares to utter the words: “Please, sir, I want some more.” This simple plea encapsulates the essence of human desire—the urge for more. But it also mirrors the perilous craving that drives the self-destruct trajectory. Like Oliver, society keeps asking for “more”—more wealth, more power, more success—without considering the consequences of endless wanting.
The workhouse itself symbolises the system of constraints and boundaries that ambition often seeks to defy. Oliver’s courage to ask for more represents the daring spirit of human aspiration—but it also exposes the risk of defying limits without reflection. Mr. Bumble, the cruel overseer, obsessed with authority and control, embodies the darker forces that sustain this destructive cycle: greed, pride, and the illusion of dominance. Through this lens, Dickens’ tale becomes a timeless metaphor for the modern condition—a warning about what happens when ambition blinds compassion and growth eclipses humanity. Avoiding the self-destruct trajectory requires a radical rethinking about success. True progress should not be measured solely by accumulation, but by balance—by how growth serves people, planet, and purpose.
This calls for a more holistic approach to achievement, one that values sustainability, empathy, and integrity alongside innovation and expansion
Individuals must learn to pace their pursuit of goals, embracing rest, reflection, and meaningful relationships as part of a full life. The discipline of “enough”—knowing when to stop striving and start appreciating—can restore both mental well-being and moral clarity. Organisations, on their part, must reimagine what it means to succeed: prioritising employee welfare, practising environmental stewardship, and embedding social responsibility in the core of their mission. Governments and policymakers also play a vital role. They can champion sustainable development through laws and incentives that reward ethical practices and environmental responsibility. By investing in education, renewable energy, and equitable economic systems, they help ensure that ambition is channeled toward collective benefit rather than collective ruin.
Corporate Social Responsibility (CSR) provides a tangible pathway for this transformation. When businesses take ownership of their social and environmental impact—reducing carbon footprints, supporting local communities, and promoting fair labour—they not only strengthen society but also secure their own long-term stability. Sustainable profit is, after all, the only kind that endures. Ultimately, avoiding the self-destruct trajectory is not about rejecting ambition—it is about redefining it. Ambition must evolve from a self-centred hunger for more into a shared pursuit of the better. We must shift from growth at all costs to growth with conscience. The future will belong not to those who expand endlessly, but to those who expand wisely. By embracing restraint, compassion, and sustainability, we can break free from the cycle of self-destruction and create a new narrative—one where success uplifts rather than consumes, and where progress builds rather than burns.
In the end, the question is not whether we can grow, but whether we can grow without losing ourselves. The choice is ours: to continue along the self-destruct trajectory, or to chart a more balanced, humane, and enduring path toward greatness.
Sylvia ThankGod-Amadi
Opinion
Gridlock at the Gates

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