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24 Years Of Nigeria’s Democracy In Business  Successes, Challenges

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Democracy, simply viewed as Government of the people, for the people, and by the people, is globally acclaimed as the best form of government. Its major implication is that it offers an entirely suitable environment for the citizenry and Government to coexist peacefully and satisfactorily. However, how far this is true is dependent on different variables in different countries. As Nigeria marks her twenty-fourth Democracy Day today, The Tide’s Business Editor, Soibi Max-Alalibo, anchors reports from Senior Reporters: Lilian Peters, Corlins Walter Amadi, Tonye Nria-Dappa, King Onunwo, and Chinedu Wosu in what has turned out to be a very distinct picture of how Nigeria’s business sector has faired in the county’s Democracy in the last eight years, under the All Progressives Congress (APC), with a view to giving the President Bola Ahmed Tinubu-led Government a good idea of what is required for a better Nigeria.
The Nigeria Project has
had various twists and turns in its entirety since it started from independence in 1960. But never have these been as darring in a democratic dispensation as it has been in the last 24 years, which constitute Nigeria’s 4th Republic.
This is probably due to the fact that the two decades plus has also been the first time any democracy in the country had gone beyond the first four years uninterrupted.
All segments have also had their ups and downs often to the point of clear frustration not just to the government, but also to the citizenry, with, of course, the latter worst off.
The Aviation, Maritime, Information Communication Technology (ICT), Energy, Oil and Gas, as well as the financial sectors constitute key areas that have been affected in the last eight years.
Nigeria’s Aviation industry, for instance, has gone through many challenges over the years. Such challenges range from infrastructure, security and safety, which is a core value in the industry, according to the International Civil Aviation Organization (ICAO) standard.
Various democratically elected administrations have come onboard with policies which they deem necessary for the development and advancement of the industry, which explains why there are usually high expectations from the industry operators when a new government takes the saddle.
The coming onboard of the Mohammadu Buhari-led All Progressives Congress (APC) administration in Nigeria on May 29th, 2015, therefore, brought new hopes for many Nigerians, particularly in terms of the remodeling of the aviation industry across board.
In Rivers State, the Port Harcourt International Airport, Omagwa, was operating under canopies at the arrival wing for both domestic and international arrivals, for which many described the airport as a dirty local place that was not fit to be called an international airport.
At that time also, the international wing and the domestic wing were operating from the same terminal building, which made the terminal building to be highly congested.
Another sour taste the Buhari administration met on ground was the inefficiency at the runway of the Nnamdi Azikiwe International Airport, Abuja, and the same at the Akanibiam International Airport, Enugu. In fact, almost all other international airports in the country had their story.
No doubt past administrations made some efforts in addressing the challenges, but the Buhari administration swang into action to address the challenges. One of the steps was to close the Nnamdi Azikiwe International Airport, Abuja, for three months to carry out an expansion of the runway.
According to the former Minister of Aviation, Hadi Sirika, “the runway was causing traffic congestion, and need to be expanded to make for free flow of flights operations”.
Flights were subsequently diverted to the Kaduna Airport. To make it easier for the Kaduna Airport to be able to cope with the influx of passengers, the Federal Government had first upgraded some of its infrastructure.
Consequently, all Abuja bound passengers from Port Harcourt and those from other distant states passed through Kaduna, to access Abuja by road until normalcy was restored at the Abuja Airport, after the completion of the runway.
In October 2018, the Federal Government commenced the remodeling of the Port Harcourt Airport. The international wing terminal building was constructed by the Chinese Civil Engineering Construction Company (CCECC) and was subsequently commissioned by President Buhari.
Additionally, the administration ensured that the domestic arrival terminal wing being constructed by InterBau Construction Company, at the Port Harcourt Airport, was also delivered to remove the reproach of using tent and trampoline for operations.
Describing these achievements of the Buhari-led administration at the Port Harcourt Airport as a ‘remarkable feat’, a Forex operator, Mr Igwe Vincent, said it has brought a relief and ease to users of the airport, among others.
“The past Buhari administration achieved many things in the aviation industry in Nigeria. There are things other administrations did not accomplish, but the last administration did.
“In the first tenure of Buhari’s government, that was when some airports were remodeled, and that has brought a big relief and ease of operations at the Port Harcourt Airport, both the domestic and the international terminals.
“In the last administration, we witnessed the coming of new airlines into Port Harcourt for operations both at the domestic and international terminals, and such has created jobs for the unemployed in Rivers State and for Nigerians”, he said.
Vincent said another achievement of the Buhari administration in the aviation sector was the certification of Lagos and Abuja airports, while the process for certification is still ongoing at other airports like Port Harcourt and Kano.
According to him, the last administration “took the bull by the horn to fulfill all the international standard requirements for the certification of these airports, which was certified by International Civil Aviation Organisation (ICAO) for Safety and Security”.
Nevertheless, the Buhari government also witnessed a lot of challenges in the aviation sector, especially in the COVID-19 era in 2020, which grounded airlines operations for many months.
Many jobs were lost, as new protocols were introduced for operations at the airports, while some business wound down for inability to cope with the order of operations.
Another challenge the administration faced was the unending scarcity of ‘jet-A1’, otherwise known as aviation fuel. The government appeared to be helpless, as it was difficult for airlines to purchase fuel, which led to hike in flight tickets, and consequently lower patronage by passengers.
Prices of flight tickets increased by 100 and 150 percent for all routes. This period was a very challenging period for both airlines and passengers, as many people stopped traveling under that situation, and airlines also couldn’t operate at ‘ Breakeven point’, specifically between November 2021 and December 2022, as air passengers drastically reduced.
Chairman of Airline Operators Committee (AOC) at the Port Harcourt Airport, Francis Ofangba, described the period as the worst so far in the history of their operations.
Ofangba in a chat with The Tide noted that airlines recorded a lot of flight cancellations due to unavailability of passengers or inability to get aviation fuel on time: “no flight will run empty under that situation, and the Federal Government could not address the matter as it were”, he said.
One major policy of the Buhari’s administration that has generated much controversy and disagreement in the aviation industry is the issue of the “National Carrier”, the “Nigerian Air”, which Domestic and indegenous airlines operators vehemently opposed.
The domestic airline operators went to court to stop the Nigerian Air operations, accusing the former Minister of Aviation, and Ministry of Aviation of conniving with a foreign airline, Ethiopian Air, to surcharge Nigerians, and that the Federal Government was not sincere with the policy, because, as they alleged, everything about the contractual agreement was shrouded in secrecy.
They approached a Federal High court in Lagos and obtained a restraining order against the certification and operations of the Nigerian Air, earlier this year, but the Minister of Aviation went on to continue with contract.
On Friday, May 26th, the Minister went on to unveil the Nigerian Air, inspite of the court order, an action many Nigerians described such as a drama.
The Chairman, Senate Committee on Aviation, Nlolim Nnaji, on Tuesday, ordered the immediate suspension of the Nigerian Air, accusing the former minister of aviation of conniving with Ethiopian Air on a secret deal, inspite of the court injunction, and sidelining the Senate.
Also, the issue of consessioning of some airports was another policy that received strong opposition: aviation worker unions vehemently opposed the policy to concession the four major airports – Lagos, Port Harcourt, Abuja, and Kano. It has been alleged, however, that the Abuja and Kano Airports have already been concessioned.
Chairman of the National Union of Air Transport Employees (NUATE), Felix Ovude, told The Tide that the position of the union was that the Federal Government should look at other airports for concessioning, and not to concession the four viable airports.
As it stands, the onus lies on the present Government of President Bola Tinubu to see how some of the errors made by the past administration in the aviation industry can be corrected.
As the call for suspension of the Nigerian Air, among others, keep raging, the President Bola Tinubu-led APC Government is required to give the matter the attention it deserves.
A major characteristic of a democracy is for a government to have the patience and ability to listen to the voice of reason, especially in key decisions that affects the people.
This is what is currently required by the Tinubu-led Federal Government to be in better stead to turn the aviation industry to a more viable sector than it had been in the last eight years.

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KALCCIMA PROMISES KALABARI ECONOMIC GROWTH, INAUGURATES NEW EXECUTIVES

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The Kalabari Chamber of Commerce, Industry, Mines and Agriculture (KALCCIMA) has formally inaugurated its new executive council at a ceremony marked by optimism, strong institutional backing, and renewed commitment to economic development in Kalabari land.
The inauguration was performed by the National Deputy President of the National Association of Chambers of Commerce,Industry, Mines and Agriculture (NACCIMA), Dr. Emi Membere-Otaji, who charged the new leadership to position KALCCIMA as a catalyst for inclusive growth, enterprise development, and strategic engagement with government and the private sector.
The newly inaugurated officers of KALCCIMA are:
Elder Monima Daminabo (President); Amb. Clement Akanibo (First Deputy President); Boma Kaladokubo (Second Deputy President); Harry Awolayeofori Macmorrison (Executive Secretary/Director-General); Faaye Franklin (Treasurer); Engr. Robinson Success (Financial Secretary); Ibiba Don-Pedro (Public Relations Officer); Princess Nancy Boma Princewill (Organising Secretary); Barr. Idaoyibo Fortune Igbikikuno (Legal Adviser); Abiye George (Welfare Officer).
In his keynote address, Dr. Membere-Otaji congratulated the Exco and emphasized the strategic importance of a vibrant local chamber to regional and national economic growth.
He urged the leadership to align KALCCIMA’s programmes with NACCIMA’s national vision, stressing professionalism, transparency, and innovation in advancing commerce, mining, agriculture, and small and medium-scale enterprises in Kalabari.
“The Chamber must become a rallying point for entrepreneurs, investors, and policymakers. Kalabari has immense economic potential, and KALCCIMA must provide the structure and leadership to unlock it,” he said.
Also speaking, the Chairman of the Board of Trustees, Prince Billy Harry, charged the Exco to lead with integrity, unity, and purpose.
He encouraged them to move beyond ceremonial roles and focus on tangible outcomes that would uplift Kalabari communities, empower youth and women, and attract sustainable investments.
In his acceptance remarks, Elder Daminabo expressed gratitude to NACCIMA, the Board of Trustees, and stakeholders for their confidence in the new leadership.
He assured members that the Exco would prioritize stakeholder engagement, capacity building, and partnerships aimed at stimulating trade, supporting local industries, and promoting agricultural and maritime opportunities unique to the Kalabari axis.
Goodwill messages poured in from notable professionals and stakeholders, including Arc. Eniye Braide, Arc. Danny Sokari George and Ebianga Bestmann, all of whom commended the inauguration and expressed confidence in the capacity of the new Exco to reposition KALCCIMA as a strong voice for economic advocacy and development.
They urged the Chamber to leverage Kalabari’s strategic location, cultural heritage, and human capital to foster entrepreneurship, attract investments, and contribute meaningfully to the economic prosperity of Rivers State and Nigeria at large.
The inauguration ceremony ended on a note of collective resolve, with stakeholders expressing hope that the new leadership would usher in a new era of relevance, impact, and sustainable development for KALCCIMA and the entire Kalabari nation.
By: Opaka Dokubo
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NCDMB Begins Nigerian Content Research, Innovation and Technology Challenge

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The Nigerian Content Development and Monitoring Board (NCDMB), in December 2025 commenced the Nigerian Content Research, Innovation and Technology Challenge 2025/2026 edition.
The Board called on interested individuals, research institutions, academia, oil and gas industry suppliers, and members of the public with research innovations, to submit proposals for evaluation and admission into the NCDMB Technology Innovation and Incubation Centre (TIIC), Yenagoa, Bayelsa State.
The Tide learnt that the competition, which seeks to identify and develop new technologies to address specific challenges in the oil and gas industry and its linkage sectors, requires that proposals be in line with approved thematic areas and priority industry challenge, namely, Geological and Geophysical Studies, Local Materials Substitution Studies, Technology Development Studies, Health, Safety and Environmental Studies, Engineering Studies, and Renewable Energy.
For Geological and Geophysical Studies, proposals have to focus on developing solutions related to exploration, big data, and real time logging data processing, while those for Local Materials Substitution Studies have to concentrate on sustainable materials for environmental remediation, materials for development of cryogenic technology for liquefied natural gas (LNG), refinery, and other applications, as well as local materials for ultra-high temperature pressure cementing.
For Technology Development Studies, the NCDMB requires innovation on denationalization technology, application of Internet of Things to exploration and production, and condensate refining technology, while proposals for HSE Studies are expected to deal with carbon capture utilisation and storage technology to reduce greenhouse emission, depollution and produced water management system, and hydrogen production techniques to enhance carbon dioxide capture.
In respect of Engineering Studies, proposals are expected for developing technology solutions for enhanced oil recovery, refinery units technology to improve efficiency, laboratory analytical equipment for experiment and materials testing, and drilling technology, instrumentation, and control systems.
For Renewable Energy, the Board said proposals are expected from solar energy technologies, wind energy solutions, and energy storage systems, such as battery technologies, hydrogen storage, thermal storage, and molten salts.
The NCDMB noted that the proposals, which should not be more than 1,500 words were to be submitted via email address (info@tiic.com.ng) not later than a month from the date of publication were also required to be in the following format: Company/institution name, Thematic area, Title of innovation, Description of innovation, and Objective, vision and mission.
Others are, Team structure, Funding model and budget estimate, Marketing plan, and Risk analysis.
In a statement from the Directorate of Corporate Communications of the NCDMB quoted the management of the Board as saying that at the first stage of the competition, the top 30 proposals will be selected and the teams assigned mentors to guide them towards developing a compelling demo and presentation, while proposals will be reduced to 10 at the second stage, and further reduced to five on the final day of the competition where the winners will be determined.
“The innovators will present their business pitches/demos to corporate venture capitalists to invest, drive innovation, and expand market reach, while helping emerging businesses to grow.
“Prizes will be awarded to the top five winners of the competition in the form of cash, mentorship opportunities, and media coverage, while the top 10 participants will be onboarded into the TIIC at the Nigerian Content Tower for guidance and further development of their innovation to commercialisation”, the NCDMB said.
By Ariwera Ibibo-Howells, Yenagoa
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Ikuru Town Issues Start-Up Grants, Packs To Skill Acquisition Graduands 

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As parts of efforts to enhance the livelihood of the people in the season of celebration, the Ikuru Town Host Community Development Trust (HCDT), has distributed christmas packages worth about N50m to the people of the trust.
The condiments, including 10kg of rice, vegetable oil, tin tomato, and maggi cubes were distributed to over 2,500 households in Ikuru Town community.
The HCDT also issued start-up grants of N200,000 alongside starter-packs to each of the 13 graduands of its Skill Acquisition Programme.
Speaking to journalists at the Ikuru Town HCDT Community Town Hall meeting and Sharing of Livelihood Support Items programme, in Ikuru Town, Andoni, Rivers State, Monday, the Chairman, Ikuru Town HCDT, Prof. Lysias D Gilbert, said the gesture was the birth of the 3% derivative of the Petroleum Industry Act (PIA) of Its settlors, the  Green Energy International Limited and Lekoil (GEIL/LEKOIL JV).
Gilbert who noted with dismay the high rate of poverty in the country opined that some households may be unable to afford the condiments of the season, insisting that the gesture was to fill the gap for such households and individuals.
According to him, the Ikuru Town HCDT is aimed at developing the community and boosting the livelihood of its people.
“Remember, the rate of poverty in Nigeria is high. A lot of people cannot even afford a cup of rice in December like this. We have come to share these condiments to well about 2,500 households. To those who are living on their own in the community including single mothers and widows. This is to put smiles on their faces, giving them hope that the community has not forgotten them”.
Gilbert said that the HCDT, as part of its empowerment programme for the youths of the community, trained 13 youths comprising of males and females in different skills of pipefitting, hairstyling, photography/video editing, fashion designing, mobile phone repair, welding and fabrication and hair cutting.
In his words “we empowered 13 persons. We picked 15 of our youths, took them to PortHarcourt for a period of 12 months.
We rented an apartment for them, one for the boys and another for the ladies, paid them stipends to enable them feed and transport themselves, and trained them in these different skills”.
Out of the 15, 13 of them successfully graduated and some of them have secured jobs with reputable companies based on their acquired skills. We took them from the community, so, today, we have brought them back to the community, to present them as parts of our achievements in 2025″.
While noting that the HCDT had been consistent in the gestures for the past three years, Gilbert urged the beneficiaries to maximise the opportunity for their individual growth and community development.
He further outlined the HCDT’s achievements to include the community legacy water project which he said would be commissioned before the end of the first quarter, renovation and refurbishment of the community’s secondary school and public toilets, employment of six auxiliary teachers to support the teaching staff in the primary and secondary schools, award of bursary to 801 beneficiaries across all educational levels amongst others.
Beneficiaries of the livelihood support and skill acquisition programme lauded the Ikuru Town HCDT for the gestures and called for continuity.
A graduand in fashion designing, Julia Raymond, said “on behalf of the trainees, I say a very big thank you to the Ikuru Town HCDT. They were there for us at every level of our training. We have acquired a lifetime skill that can sustain us with our parents and siblings and it has been beneficial to us especially in this festive period. I can assure the HCDT that we will make good use of the opportunity “.
Earlier, the Okan-Ama of Ikuru Town, HRM King Miller Aaron Ikuru, expressed gratitude for the peace that has prevailed in the community insisting that it has paved the way for the event of the day.
Represented by the Deputy Okan-Ama, Ikuru Town, Sir Chief Micheal Williams Omayi, King Ikuru said “for today, to God be the glory because peace has finally returned to Ikuru Town. I call on everyone for cooperation and understanding so that we can forge ahead to achieve the developmental process in Ikuru Town.
“The HCDT has done very well to boost the skills of the youths. I encourage the graduands to take the skills seriously for their betterment “.
More Vibrant Businesses In 2016- MD
Chidi Enyie
A Por Harcourt based businessman, Chinonye Okoha Esq has said that businesses in Nigeria are likely to prosper in 2026 following the Federal Government’s policy reforms.
Mr. Okoha who stated that while speaking with journalist in Port Harcourt on New Year day, remarked that despite initial hiccups at the beginning of the present administration, the economy had gradually bounced back.
He said he was optimistic that the Renewed Hope Agenda would fix the economy in a short time.
He said that the spiral inflation had ebbed drastically giving way for a economic growth.
Mr. Okoha noted the prices of commodities that soared as a result of fuel subsidy had become more stable in recent times.
He encouraged Nigerians to support the present administration so it could deliver the necessary dividends of democracy.
According to him, it is likely that if President Ahmed Bola Tinunu’s administration is encouraged to achieve its vision for the country, the Nigerian economy will bounce back and the country will be a desired business destination.
He condemned the restiveness in the North and noted that such things were setting the country back.
He pointed out that Nigeria would be a better business destination if the activities of the bandits were halted.
He lauded the present administration for its plan to fix the Nigerian economy.
By: Lady Godknows Ogbulu
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