Business
President Buhari And Traffic Rules: Matters Arising
Obeying traffic rules in most Nigerian cites seems to be a herculean task for road users, as most motorists see it as time- wasting and in some cases, unnecessary.
It is somewhat commonplace to find motorists flouting traffic rules flagrantly even in the face of danger, as most of them are seemingly unaware of the import of traffic light, for instance, while others, who are seemingly aware of it, tend to disregard it.
Observers, however, heap the blame on traffic wardens and law enforcement agents who control traffic at various points for not apprehending motorists who flout traffic regulations.
They insist that the traffic officers ought to be more proactive in their approach to work.
They, nonetheless, believe that the country’s deteriorating traffic situation will be brought under control by the administration of President Muhammadu Buhari which was inaugurated on May 29.
Such expectations are hinged on the recent action of Buhari, who as president-elect on May 7, ordered all security personnel attached to him as well as his official escorts to obey traffic rules.
Perceptive analysts, however, insist that while the directive is commendable, it will be somewhat foolhardy for any president to give and sustain such an order.
Mr Akinwande Lewis, a lawyer, said that no matter how liberal Buhari wanted to be, he should be mindful of the implications of his directive on strict obedience of traffic rules by his security personnel and escorts.
“The president’s safety should not be toyed with; his security should be paramount and taken seriously. We should not forget the basic fact that not all Nigerians will love President Buhari and his policies,’’ he said.
However, Mr Ibrahim Paiko, another lawyer, said that the president’s gesture was merely symbolic, adding that his directive aptly signified that the days of impunity were gone.
“President Buhari’s action is, however, not strange, as he has all along been known as a ‘no-nonsense man’; other government officials should take a cue from his action and follow suit,’’ he said.
Malam Garba Shehu, the Senior Special Assistant (Media and Publicity) to the President, said that the order was a demonstration of Buhari’s leadership style.
He said that obedience to the law would be the guiding philosophy of the Buhari-administration because if there was no leadership by example, the citizens would be encouraged to emulate their leaders’ lawlessness.
Shehu’s sentiments appear logical, as Buhari has repeatedly said that arrogance of power, lawlessness and disregard for citizens’ rights would have no place in his government.
Buhari stressed that for leaders to garner’s the people’s respect, they must obey the laws, adding that whenever leaders treated the country’s laws with contempt, they would inadvertently send the wrong message to the citizens.
Buhari bemoaned a situation where citizens “are punished at traffic points and public roads because of the arrogant lawlessness of the leaders’’, insisting that such situation was totally unacceptable.
He reiterated that in a democracy, leaders ought to refrain from inflicting inconveniences and other unbearable ordeals on the citizens for their own comfort.
The president said that the security personnel attached to him must be in tune with his philosophy of “bringing the rule of law to bear on the conduct of leaders during their movements on public roads’’.
Nevertheless, Prof. Bolaji Akinyemi, a former Minister of External Affairs, rejected the president’s sentiments, insisting that his directive could be quite risky and inimical to the country’s interests.
In an open letter to Buhari when he was the president-elect, Akinyemi underscored the need for Buhari to take his personal security seriously in the overall interest of the country.
He called on Buhari to rescind his decision, saying that he should be very mindful of the current security threats facing the country.
He emphasised that there was nowhere in the world where the motorcade of a president or prime minister was subjected to traffic regulations.
Akinyemi recalled the events leading to the assassination a former Head of State, Gen. Murtala Mohammed, in 1976 in order to elucidate his viewpoint.
He said that Mohammed, who jettisoned the use of motorcade and security escorts, was gunned down by some coupists when his car was held up in traffic at a road junction in Obalende, Lagos.
“Nigeria and the world have become a more dangerous place than in 1976 when Gen. Mohammed was assassinated.
“You would also recall the attempt on your life just last year when your motorcade was attacked in Kaduna
“There is no country in the world where the motorcade of a president or prime minister or head of state is subject to traffic regulations.
“I have just watched the motorcade of the British Prime Minister on his way to Buckingham Palace; traffic was stopped and his outriders ensured that the motorcade was not impeded.
“It is not about your personal safety, it is about Nigeria’s national security. We cannot continue to take chances with the peace and stability of Nigeria and depend on God to bail us out.
“General, please reconsider your decision, not for your sake but for the sake of Nigeria,” Akinyemi added.
However, an Abuja-based lawyer, Prof. Akinseye George (SAN), picked holes in the ex-minister’s arguments, saying that by obeying traffic rules, Buhari would set a good precedent for all Nigerians.
He rejected Akinyemi’s reference to the Murtala assassination saga, saying that the killing, which took place during the military era, could never occur in a democratic setting.
He said that Buhari, by this action, had shown utmost respect for the rule of law, describing the action as a powerful signal to all Nigerians, particularly leaders and affluent citizens who were fond of violating traffic rules.
“This is good and laudable, it shows fidelity to the law; the directive is a sign of purposeful and exemplary leadership because one of the problems facing this country is that big men don’t obey the law,’’ he said.
George said that the era of impunity was gone, urging Nigerians to join hands together with Buhari in efforts to bring the country out of the doldrums.
Sharing similar sentiments, Mr Bamidele Fatai, a public affairs analyst, said that if the president obeyed traffic laws, all Nigerians would have no other option than to emulate him in that direction.
He argued that incidents such as Gen. Murtala’s assassination could be avoided if presidential motorcades were well-equipped so as to forestall any security breach.
Fatai, however, conceded that Gen. Murtala’s assignation represented one of the darkest chapters of Nigerian history but added that Nigerians would never allow such a dastardly act to occur again.
“I think the solution is in our leaders themselves, if they keep their promises and rule in line with the people’s expectations, such kinds of criminality would end.
“I know President Buhari is very wise; before he gave that directive, he would have weighed all the implications. We should just wish him success in his administration and agenda for this country,” he said.
Mr Jerry Obaseki, a political analyst, echoed Akinyemi’s viewpoint, insisting that heads of state and government everywhere in the world would never obey traffic regulations for glaring security reasons.
He, however, expressed the hope that the president’s National Security Adviser would warn him about the security implications of his decision to obey traffic regulations.
“We need the president alive to enable him to effect the positive changes we have been yearning for ever since Nigeria’s independence 55 years ago,’’ Obaseki said.
“We must not allow sentiments to becloud our judgment; detractors and fifth columnists are always around; the president should be aware of this fact and always strive to play safe, said Mr Kunle Ogunlesi, a banker.
“He should not allow his popularity to becloud his judgement in all the nation-building processes; his safety is important to all Nigerians,’’ he added.
All in all, analysts are of the view that President Buhari should always be conscious of the need to examine the security implications of all his actions, irrespective of their purpose or intent.
Ogunshola writes for News Agency of Nigeria (NAN)
Business
Nigeria Loses N17tr Yearly To Abandoned Projects
The Minister of State for Industry, Trade and Investment, John Enoh said this at the 8th annual induction and conference of the Chartered Institute of Project Managers of Nigeria (CIPMN).
He explained that abandoned projects continue to lock up public funds that could have been used for infrastructure development, industrial growth, job creation and essential social services.
Represented by the ministry’s Permanent Secretary, Chris Osa Isokpunwu, he said the impact goes beyond financial losses, as incomplete projects affect communities and limit access to important public services
He cited examples of that remain unopened, schools that cannot accommodate students, roads that fail to connect communities and electricity projects that have not delivered their intended benefits.
The Registrar-General and Chief Executive Officer of CIPMN, Henry Ifeanyi Mbadiwe, also identified poor project management as a major challenge affecting development in Nigeria.
He revealed that the institute had developed a project management curriculum for Nigerian universities, which has received approval from the National Universities Commission (NUC). The programme is expected to enable universities to offer project management as a bachelor’s degree.
Mbadiwe further referenced findings by the Presidential Projects Assessment Committee, which identified 11,886 ongoing federal capital projects in 2011, with an estimated financial commitment of ?7.78 trillion.
He noted that inadequate planning, supervision, accountability and implementation were among the factors contributing to the abandonment of projects across the country.
The minister called for stronger project management structures across ministries, departments and agencies to improve planning, monitoring and evaluation.
He added that the Federal Ministry of Industry, Trade and Investment had introduced a 90-day implementation reporting cycle to strengthen transparency and monitor the progress of government programmes.
Business
Transcorp Power seeks sustained investment across Nigeria’s electricity value chain
Ikenga said the company remained committed to Nigeria’s power sector and would continue investing in its operations despite the challenging business environment.
He spoke in Lagos at the third edition of the Shell Power Conference, themed “Powering Nigeria’s Progress: Turning Ambition and Action into Sustainable Impact”.
The Transcorp Power chief said the company would sustain electricity generation, invest in its facilities and deliver value to shareholders.
“Transcorp Power is a long-term player, not a short-term player. This year has been challenging, but what is important is getting power to schools, hospitals and businesses to power progress,” he said.
Ikenga said the company’s focus on operational efficiency and investment had strengthened its contribution to Nigeria’s electricity supply.
He disclosed that since acquiring the Ughelli Power Plant in Delta State in 2013, Transcorp Power had quadrupled its available generation capacity.
He also said the company became the first privatised power generation firm to receive a post-privatisation discharge certificate after fulfilling all its privatisation obligations.
The company’s unaudited results for the nine months ended September 30, 2026, showed a profit before tax of N83.1 billion, while its profit-before-tax margin rose to 31.2 per cent from 29.6 per cent recorded in the corresponding period of 2025.
Its total assets rose to 11.7 per cent amounting to N629.5 billion, while shareholders’ funds grew 8.9 per cent to N199.8 billion. Cash and cash equivalents also rose to N10.3 billion, supported by improved collections.
On the company’s contribution to grid stability, Ikenga said Transcorp Power’s black-start capability enabled it to restart operations without relying on electricity from the national grid.
He explained that the capability allowed the company to support power restoration following grid disturbances, helping to restore electricity supply to homes, businesses and industries.
Ikenga noted that Nigeria had an installed electricity generation capacity of about 13,000 megawatts, with an estimated potential of 50 gigawatts, adding that realising the potential would require effective coordination across the entire value chain.
“Everything in the value chain has to work,” he said.
He called for stronger collaboration among federal and state governments, regulators and private-sector operators, alongside increased private investment, to build a sustainable electricity market.
Business
FG generates N33tn revenue in 10 months – Oyedele
This was contained in a statement issued on Thursday by his Senior Special Assistant on Communications and Press Secretary, Maryann Duke.
The statement said Oyedele pointed to “improved digital systems, including electronic invoicing, as a key driver behind a record of N33tn in government revenue collected between January and October 2026.”
The minister said the performance demonstrated the potential of technology to improve revenue administration, strengthen compliance and increase efficiency across government institutions.
Speaking on the theme, ‘Digital Sovereignty and Ethics: Guarding the Economy for the Next Generation,’ Oyedele warned that Nigeria risked losing substantial economic opportunities if it continued to depend heavily on foreign digital infrastructure.
Citing Nigerian Communications Commission figures, he disclosed that the country recorded more than 157 million active internet subscriptions as of May 2026.
He explained that these connections generated significant volumes of information through financial transactions, healthcare, education and taxation.
However, citing estimates from the Nigeria Data Protection Commission, Oyedele said as much as 90 per cent of the country’s data was hosted abroad.
According to him, the situation has implications for foreign exchange expenditure, employment opportunities, technological skills and Nigeria’s control over information generated by its citizens.
He compared the country’s reliance on foreign digital infrastructure with its historical dependence on imported refined petroleum products, warning against a situation where Nigerian data would be processed abroad and the resulting services sold back to domestic users.
The minister consequently advocated greater investment in local data infrastructure, technical expertise, cybersecurity and predictable regulations to enable Nigerian businesses to capture more value from the digital economy.
He clarified that digital sovereignty should not translate into technological isolation but should strengthen Nigeria’s capacity to participate competitively in international markets.
Addressing graduating students, Oyedele urged young Nigerians to become developers of technological solutions rather than remain primarily consumers of products created elsewhere.
He identified artificial intelligence as both a disruptive force and an opportunity for innovation, advising graduates to acquire relevant digital skills alongside critical thinking, creativity, sound judgement and integrity.
The minister also cautioned against irresponsible online behaviour, explaining that digital footprints increasingly influence employment prospects, commercial relationships and professional credibility.
Oyedele outlined five priorities for graduates, including continuous learning, value creation, integrity, responsible digital citizenship and active participation in national development.
“Your degree is evidence of what you have learned. Your competence will demonstrate what you can do. Your character will reveal who you truly are,” he told the graduating students.
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