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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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Nigeria’s Inflation Drops to 15.06%

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Three States Record Lowest rates Published 16 Mar 2026 By  Dave Ibemere 3 min read The NBS has revealed that inflation rates dropped again in February 2026 The bureau noted that both headline and food inflation eased on a year-on-year basis Inflation was lowest in Katsina, Imo, and Ebonyi, while the highest was recorded in Kogi.
 Nigerian economy, the stock market, and broader market trends. The National Bureau of Statistics (NBS) has revealed that Nigeria’s inflation rate slowed further in February 2026. According to the bureau in its latest CPI report, the headline inflation dropped slightly to 15.06% from 15.10% in January 2026. Nigeria’s inflation eases to 15%, offering relief to households. It was 11.21 percentage points lower than the 26.27% recorded in February 2025. From breaking news to viral moments.  On a month-on-month basis, inflation stood at 2.01% in February, up from -2.88% in January, showing that prices rose at a faster pace than the previous month. Nigerian stock market records weekly gain as turnover hits N164.8billion Urban vs Rural Inflation NBS noted that urban inflation stood at 15.53% year-on-year, down from 28.49% in February 2025, while rural inflation was 13.93%, compared with 22.73% in the same period last year. Every month, urban inflation rose to 2.55% in February from 2.72% in January, while rural inflation eased to 0.71% from -3.29%. Food Inflation Food inflation dropped to 12.12% year-on-year in February, down sharply from 26.98% in February 2025. Monthly, food prices rose by 4.69%, higher than the -6.02% recorded in January. The NBS attributed the moderation to slower price increases in staples such as beans, cassava tuber, yam flour, crayfish, millet flour, cowpeas, and okazi leaf. The twelve-month average for food inflation was 19.08%, compared with 37.40% in February 2025. States breakdown for All Items The states with the highest all-items inflation rates were: Kogi (23.57%) Benue (22.85%) Anambra (22.09%) The lowest rates were recorded in: READ ALSO Naira appreciates by N27 against US dollar as external reserves cross $50bn Katsina (7.78%) Imo (11.66%) Ebonyi (11.71%) On a month-on-month basis, the highest increases were in Enugu (5.92%), Ogun (4.39%), and Anambra (4.11%), while declines were seen in Zamfara (-2.14%), Bauchi (-1.23%), and Katsina (-1.06%). Food staples contribute less to inflation as prices moderate in February. Photo: Bloomberg Source: Getty Images State Breakdown for Food Inflation Food inflation was highest in: Kogi (26.91%) Adamawa (23.12%) Benue (21.89%) The lowest food inflation rates were seen in: Katsina (5.09%) Bauchi (7.09%) Imo (7.65%) Month-on-Month Food Inflation The states with the highest month-on-month increases in food inflation were: Bayelsa (8.81%) Ebonyi (8.51%) Edo (7.72%) The states that recorded declines were: Katsina (-0.70%) Nasarawa (0.17%) Kano (1.39%) Food price changes across markets in Nigeria Earlier, The  Tide source reported that due to Ramadan, staple food prices across the country are recording sharp increases as Muslims begin the Ramadan fasting season Ramadan is not only a period of abstinence from food and drink, but also a time for ‘reflection, discipline and heightened devotion’ Several traders in Abuja, Taraba, and Kaduna states are taking advantage and have hiked price. The NBS has revealed that inflation rates dropped again in February 2026 The bureau noted that both headline and food inflation eased on a year-on-year basis Inflation was lowest in Katsina, Imo, and Ebonyi, while the highest was recorded in Kogi.
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NDCCTMA, NDDC MDS Challenge Niger Delta Indigenes On Investment In The Region 

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The Nigeria Delta Chamber of Commerce, Trade, Mines and Agriculture  (NDCCTMA), and the Niger Delta Development Commission ( NDDC ) have challenged Niger Delta entrepreneurs to close the gap in Gross Domestic Products (GDP) differences between the region and that of the South Western part of the country by coming home to invest.
The bodies made the call at a Business Round Table organized by NDDCTMA, in Port Harcourt.
Chairman of NDDCTMA, Ambassador Idaere Gogo Ogan, said to close the gap between the south west region which he said has a GDP seize of about #59 trillion and that of the Niger Delta which is about #34 trillion was to massively invest in the region.
He said no other persons can  do this except sons and daughters from the region.
“For me I believe in statistics,I believe in data and everyday I looked at the data concerning development in Nigeria and from the GDP point of view, the South West has #59 trillion, that is the seize of the south west region economy, the second region following them is the Niger Delta region with GDP seize of #34 trillion,so there is a yearning gap of #25 trillion that separates the south west and the Niger Delta region, that is why we are here.”
Ogan said the region has the capacity to close the gap and even surpassed it but regretted that indigenes of the region have chosen to ignore it in terms of investment.
“We need to close that gap .If we close that gap and even surpassed it,all the negative problems of militancy and unemployment will automatically erase”, he stated.
Ogan noted that the event was organized to remind the people that past efforts of militancy and agitations have not led the region to any where saying “that is why we are gathered here in this room”.
Also speaking, the Managing Director/Chief Executive Officer, NDDC, Dr Samuel Ogbuku urged indigenes of the region not to use the problem of insecurity as an excuse to continue to deny the region of investment  as every part of the country have in one time or the other experienced crisis.
Ogbuku said most indigenes have displayed high level of unpatriotism towards the region by taking investments that would have benefited the people to either Lagos or Abuja.
“With little threat we have left the city, we have gone to Lagos,we have moved  our families to Abuja and Lagos. If you go round GRA all the property, you will see,”to let to let”most of them are now empty “he said.
The NDDC MD said despite the fact that people from the region are doing well in the oil and gas, banking and other sectors, its impact are not being felt at home because they are stationed outside the region.
By; John Bibor
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Cash Handouts Unproductive For Sustainable Agricultural Development – Engineer Kii

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Rivers State by its natural disposition is gifted with strategic economic advantage, particularly in  agricultural potentials and fortunes. This informs successive governments’ interest in  developing the agricultural sector, such as the School to Land Program, the Shongai Project, among several others.
The objective is to engender and leverage the sector  beyond mere subsistence practices into a full thriving economy, with the engagement and involvement of the youthful and productive population.
The Farm to Future Agro Based Training for Rivers youths by the present administration is notably one of the most pragmatic efforts of the Rivers State Government to engage the prospective creative capital of both the natural and human resources in the agricultural sector for sustainable development.
The concept, premised on the imperative of maximizing the huge agrarian prowess of the state, targets creation of sustainable livelihood for the teeming youth of the state. The project is also intended to achieve the chore needs of food sufficiency and job creation in the state.
This implies a significant deviation from the acculturised norm of expectations of financial benefits as the outcome of government programs and policies.
The tenets of the program are expressly difined in concept and practice as shown in the phases of its execution.
However, some beneficiaries of the project recently staged a protest, allegdging unpaid largesse, diversion of funds and perceived slighting by the Rivers State Ministry of agriculture. The said protest has stirred up concerns among stakeholders about how people view  government policies.
Many see the protest  as an attempt to create tension around the program and sabotage its original objectives.
Stakeholders and commentators are of the view that the Rivers State is in dire need of development in every critical sector, as such the  Ministry of Agriculture and its partners should be given the benefit of the doubt to implement the project to its logical conclusion without being hauled with accusations.
The former Commissioner for Agriculture, Engineer Victor Kii who was at the fore of driving the program has in a press statement debunked the allegations and sued for calm, restraint and understanding. Engineer Kii assured the participants that the empowerment phase will be implemented as soon as administrative normalcy is restored.
He commended the participants for their commitment and discipline during the training and urged them to uphold the norms of the program rather than misrepresenting its intentions.
Some pundits who commented on the recent development decried the fact that many people  still hold on to the notion that  incentives billed to create sustainable impact through skills based programs, should be given out as  largess, without adroit supervision of its utility function. This practice  has however created a culture of economic doldrum, dependency and servitude in the past.
Thus the idea of seen the Rivers Farm to Future project  as a mere quixotic experiment for cash benefits  without achieving set goals is counter productive. Such opportunistic thinking have stunted government efforts  over the years in achieving long term objectives of development.
As disclosed by the former commissioner for Agriculture in his detailed explanation, the Farm to Future project was strategically designed to address this culpable deficit in institutional planning and consolidation of results.
The former commissioner gave an  explicit description of the nexus of operation of the program.
As revealed by him;  ” The program is a strategic intervention to equip young people in Rivers with practical skills and to nurture a new generation of agricultural entrepreneurs. 500 beneficiaries received intensive agri business training in the first phase.”
 He pointed out that the program was conceived and designed in line with global best practices which de emphasizes indiscriminate cash handouts for beneficiaries. Rather it promotes practical engagements in agricultural activities and business initiatives.
At the end of the training in February, beneficiaries were encouraged either individually or in cooperative clusters to identify value chain for establishment of viable businesses.
They were also asked to produce structured business proposals for perusal and review by the ministry of agriculture and appointed consultants, after which successful proposals would be forwarded to the Bank of Agriculture with Rivers State Government providing guarantees.
The strategies for implementation include field inspections and evaluation for beneficiaries who had already commenced practical activities in identified locations.
The approach was to discourage the commonplace ideology of diverting funds meant for specific projects for unrelated purposes, thereby undermining the conscious exploration of creative potentials into long term benefits.
The process was however temporary interrupted by the dissolution of the Rivers State Executive Council and the ongoing renovation of the Rivers State Secretariat complex but the profound optimism and positive expectations that are the hallmark of the project remains sacrosanct.
Engineer Kii assures.
By: Beemene Taneh
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