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2023: Nigeria’s Democracy At Risk, UK Govt Warns
The British Government has warned that the rise in conflicts can destabilise Nigeria’s democracy in the run-up to the 2023 elections.
This is even as governors on the platform of Nigeria Governors’ Forum (NGF) have declared that the level of insecurity across parts of the country was not only eroding citizens’ safety and people’s means of livelihood, but also threatening the expression of the rights of all Nigerians.
Both spoke at the launch of the Nigeria Governors’ Forum (NGF) Peace and Inclusive Security Initiative (PISI) in Abuja, yesterday.
In his goodwill message, the Development Director, Foreign, Commonwealth and Development Office (FCDO), Chris Beecroft, blamed the frequent crisis across the country on injustice and impunity, as well as weak justice institutions in the country.
He noted, however, that peace and stability could be achieved when the causes of conflict in society are managed through strong, fair, and responsive governance mechanisms at community, state, or federal level.
He stressed that the conflict represents an existential threat to Nigeria’s unity and its development.
According to him, “The rise in conflict risks destabilising Nigeria’s democracy in the run-up to the 2023 elections.
“There is an active insurgency in the North-East; farmer-herder conflicts are extending across the country; resource conflicts in the Niger Delta; tension in the South-East; and banditry in the North-West.
“Conflict destroys lives, destroys livelihoods, and destroys hope and ambition for the future. Conflict represents an existential threat to Nigeria’s unity and its development.”
Beecroft explained that the use of the police and army would only be part of the solution, and called for greater emphasis “on reconciliation, mediation, arbitration, and access to justice – all vital components of a vibrant, resilient, and effective social contract.”
According to him, proliferation of small arms and weapons and the weaponisation of social media, are drivers of conflict and instability.
He called for job creation for young Nigerians “so they have a stake in a prosperous and peaceful Nigeria,” adding however, that “with the right commitment, dedications and support, there are solutions.”
Beecroft stated that the UK Foreign Commonwealth and Development Office recognised the important role the NGF plays in setting the peace and security agenda, and in building state and community level structures and institutions to reduce violence and respond to conflict and insecurity across Nigeria.
“The UK is pleased to have been able to support this initiative and is committed to continue working with the Nigeria Governors Forum (NGF) in advancing its peace and security agenda.
“The UK is engaged in supporting Nigeria to reduce violent conflict in a number of areas. We promote a regional response in the North East and Lake Chad Basin through our contribution to the Regional Stabilisation Facility (RSF) and delivery of programmes on peace building, humanitarian assistance, and protection of civilians, human development, good governance and accountability.
In his remarks, the former head of state and Chairman of National Peace Committee, Gen. Abdulsalami Abubakar (rtd), expressed worry over what he called “the instrumentalisation of violence,” noting that “violence has become a commodity in Nigeria.”
Abubakar, who was represented by Catholic Bishop of Sokoto Diocese, Bishop Matthew Hassan Kukah, said Nigerians are in denial of the diagnosis.
According to him, poverty is not the cause of violence in Nigeria, arguing that China has about 300 million unemployed.
The Chairman of the Nigeria Governors’ Forum (NGF), and Governor of Ekiti State, Dr KayodeFayemi, who spoke on behalf of his colleagues, noted that the spate of violence and coordinated criminal activities have undermined government authority, and waned public trust in recent times.
He attributed the current security crisis in the country to several factors, “including an oversized population that the government is unable to cope with, a large number of poor people estimated at over 40 per cent of the population who are living below $1 per day, and indeed, desertification which has affected over 60 per cent of Nigeria’s land, as drought and climate change has continued to aggravate land deterioration in the country.”
The NGF chairman also blamed the situation on proliferation of small arms and light weapons, which he said worsened and exacerbated the level of violence and fatalities.
He said, “between May, 2011 and February, 2021, over 76,000 deaths were reported.
“This number also includes persons who have been killed by a state actor.
“In addition to the proliferation of arms is an undertone of rising ethnic conflict, with different ethnic groups subsumed in conflicts and pitched against one another.
In his remarks, the NGF’s Director General, Asishana Okauru, explained that the launch forges a significant step in the life of the Nigeria Governors’ Forum as “we strive to build a nation where safety of lives and property is guaranteed.
“The Peace and Inclusive Security Initiative is a consequence of our determination to contribute to the conversation on inclusive security and add the leverage of the sub-nationals to the efforts to secure the lives and property of our country men and women.
“With the support of the Foreign Commonwealth and Development Office (FCDO), we have been able to set up the Peace and Security Desk at the NGF to help in driving the dialogue around keeping the country safe and bringing all State and non-State actors together around one table to frame a sustainable resolution to the series of security challenges confronting our national experiment.
“I can assure you of the commitment of states not only to the objectives of the PIS initiative but to sustainable peace in the country. The presence of some of our principals today is a testament to this commitment and resolve.”
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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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Fubara Redeploys Green As Commissioner For Justice
The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.
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