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 The Confusion Continues

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The hope of many Nigerians to see an end to the confusion and anxiety that have pervaded the country for days over the federal government’s naira redesign policy was again dashed as the Supreme Court last Wednesday adjourned the case instituted over the contentious issue by over twelve state governors till March 3.The Central Bank of Nigeria (CBN) had extended the deadline for the swap of old N200, N500, and N1,000 from January 31 to February 10 following complaints by many Nigerians but the Supreme Court, after a suit filed by the states, held that the Federal Government, the CBN, commercial banks must not continue with the February 10 deadline pending the determination of a notice in respect of the issue on February 22.
However, President Muhammadu Buhari, in a national broadcast last Thursday, directed the apex bank to release old N200 notes into circulation to co-exist with new N200, N500 and N1,000 banknotes for 60 days — by April 10, 2023, adding that old N500 and N1,000 banknotes have ceased to be legal tender in Nigeria. Nevertheless, in defiance of the president’s directive, some governors like Nasir El-Rufai of Kaduna State had directed residents of their states to continue to spend the old N500 and N1000 notes until the Supreme Court ruled otherwise. So, while the old N500 and N1000 notes are no longer in use in many states, they “must” be accepted in Kaduna State and the like.
Residents of some border communities in states like Sokoto, Zamfara, Katsina,  Adamawa and Kwara  are said to have opted for the CFA Franc as the new naira notes have become very scarce items across the country. What a country! Central banks in other countries of the world carry out routine redesign of their currency for sundry reasons effortlessly, without subjecting their citizens to untoward hardship as is currently the case in Nigeria. Even here in Nigeria, the notes were changed in 1968 following the misuse of the currency banknotes during the civil war. In April 1984, the colours of all the banknotes in circulation were changed with the exception of the 50 Kobo banknote to arrest the currency trafficking prevalent at the time.
Similarly, in 2009 all lower denomination banknotes, N50, N10 and N5 banknotes were converted to polymer substrate following the successful performance of the N20 (polymer) banknote which had been in use since 2007. Again, the CBN, as part of its contribution towards the celebration of the nation’s 50th anniversary of Nigeria’s Independence and 100 years of its existence as a nation, issued the N50 Commemorative polymer banknote on 29th September, 2010; and the N100 Commemorative banknote on 19th December, 2014 respectively. The old and the new notes were allowed to co-exist until the old ones gradually fizzled out. All these were done without making the citizens keep vigil at Automated Teller Machine (ATM) centres in search of the new naira notes or pregnant women losing their lives because they have no new notes to pay at the hospitals. People did not travel several kilometers to the banks only to be issued N2,000 or N3,000 over the counter out of their hard earned money. Cashless economy is easier, no doubt. It makes life easier and better. By the way, Nigeria has operated a cashless economy for some years now. Many people, particularly those in the cities, pay their electricity bills, cable television subscriptions on-line. Some buy virtually all they need via electronic money transfer. So, let it not be made to seem as if the cashless economy is an innovation in the country.
But commonsensically, our leaders should know that no economy can thrive without cash. There will always be an unbanked population; an informal sector that will require cash to succeed. Lack of enlightenment of the rural populace on the cashless policy, the poor network which has made on-line transfers and shopping a nightmare should have as well been considered. A situation where people queue up for over an hour to buy Petroleum Motor Spirit (PMS) and still spend the same amount of time waiting for their turn to pay through a Point of Sales (POS) operator is not palatable at all. As is typical of some Nigerians, some fuel attendants have capitalized on the prolonged scarcity of fuel and naira notes to rip-off customers who want to buy petrol without physical cash
Stories abound about how pump attendants refuse to accept transfer as mode of payment for fuel and rather direct buyers to POS operators who charge extra amounts on customers who need cash to pay for petrol or want to pay with POS.  President Muhammadu Buhari during his last week’s national broadcast said he understood the hardship Nigerians were going through because of the monetary policy but it is doubtful if he truly  knows. If he does, he would have taken steps to bring succor to the suffering masses other than the mere directives on the release of the old N200 notes which have not changed anything. In December 2022, the CBN directed deposit money banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities per week do not exceed N100,000 and N500, 000, respectively. Why can’t the president and the CBN ensure that there is enough money to make this possible?
Could the controversial monetary policy be politically motivated as being speculated by some people? Was there an ulterior aim in tying the naira redesign to the fight against vote buying, corruption and insecurity as the apex bank claimed? When did it become the duty of the CBN to fight vote buying? Is there no better way, effective way of checking vote buying other than suffering the citizens? And why punish the ordinary people that have no business with buying and selling of votes? the last time I checked, no top politician vying for any political office queues up at banks or ATM centers to withdraw money. They transfer funds electronically and this, as experts say, is easy to track.
Yes, Nigerians ought to be angry with the state governors for not showing interest in the affairs of the citizens all these years – ASUU strike, fuel scarcity, workers’ welfare, lynching of Deborah Yakubu in Sokoto and many others. In all these travails, the governors never spoke up for the citizens whom they govern, thereby making some Nigerians question their interests in the legal battle against the naira redesign policy. But since they said they are doing so in the interest of the suffering masses, that should count for something.
Whatever legal measures that need to be adopted to compel the CBN and the federal government to desist from draining the country of cash should be supported by all.
Our prior interest should be how to ameliorate the pains of Nigerians brought about by little or no cash in circulation. Some analysts have described the monetary policy as ill timed, ill conceived and ill implemented and the height of the poor policies of the current administration which has taken Nigeria several steps backward and have brought the citizens great pain and agony.
But we must not forget that whoever will be elected  president cannot perform miracle overnight. Objectively speaking, Nigerians should be ready to suffer and make sacrifices for the first tenure of the incoming government before we can begin to perceive the Eldorado. People in authority and those close to them will tell you that there are more to the problems of Nigeria than meets the eye and that there are individuals and countries (the world powers inclusive) who do not want Nigeria to have a good leader for their own selfish interests. So, for the incoming government to succeed, for us to have a country of our dream, the support and cooperation of everyone, every tribe and religion will be needed.

By; Calista Ezeaku

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Opinion

Imbibing Leadership Qualities Of Pope Francis

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The world emptied at the Vatican City, Rome, Italy last week for the burial of late Pope Francis, the head of the Catholic Church worldwide who died on April 21. Foreign delegates from 164 countries attended the funeral. Among them were the President of the Nigeria’s Senate, Godswill Akpabio, the Minister of State for Foreign Affairs, Bianca Ojukwu, the Catholic Bishop of Sokoto Diocese, Hassan Kuka and other politicians, who were there on behalf of President Bola Tinubu and the entire nation.
Right from the day the Pontiff passed on, through the days preceding his burial, till the day his corpse was laid to rest and uptill now, a lot has been spoken about his great leadership qualities which stood him out among many other leaders in the world.
Some say that in a world increasingly defined by power struggles, materialism, and political division, Pope Francis stood as a rare symbol of humility and selflessness. Since his election in 2013, he redefined what it meant to lead not just a church, but a global moral community. More than just a spiritual figure, Pope Francis was a powerful voice for the voiceless, championing compassion, justice, and mercy.
Others say that from the very beginning of his papacy, Jorge Mario Bergoglio—Pope Francis—made clear that he intended to chart a different course. Choosing to live in the modest Vatican guesthouse rather than the opulent Apostolic Palace, he signaled that his papacy would not be about grandeur. He traded the red papal shoes for simple black ones, and when he was introduced to the world, he asked the crowd to pray for him before offering his own blessing. These symbolic acts spoke volumes about the kind of leader he aspired to be.
Perhaps, the most talked about quality of the cherished leader was his humility. In him, humility was not theoretical but practical. He repeatedly called for a “poor Church for the poor,” aligning the Catholic Church more closely with the needs of the marginalized. Whether washing the feet of prisoners on Holy Thursday or visiting refugee camps, Pope Francis embodied a theology that demands solidarity with the suffering.
Equally mentioned was his selflessness in the face of complex global challenges. He did not shy away from controversial topics—climate change, economic inequality, migration, and even internal Church reform. His encyclical Laudato Si’ challenged both political and economic leaders to treat the planet with reverence, not exploitation. He advocated for inclusive dialogue, calling on governments to welcome migrants as fellow human beings, not burdens.
The passing of Pope Francis indeed marked the end of an era defined by humility, moral clarity, and an unwavering commitment to justice.
nd the question for Nigerian leaders both those present at his funeral and those that couldn’t be there, both political, religious and traditional leaders and indeed all Nigerians is, what lessons can the country learn from the life of the Pontiff? How can we embrace his lifestyle to transform our national fabric?
Pope Francis showed the world that true leadership is rooted in service, not in pomp or power. He declined the luxuries of the papal palace and chose to live among the people. Our leaders, notorious for their obsession with opulence and entitlement, must learn that leadership is not about status symbols—convoys, sirens, and security details—but about responding to the needs of the people with empathy and action.
In a country where public officials often equate success with extravagance, the lifestyle of Pope Francis should teach us that simplicity does not diminish influence. He wore modest clothing, drove a humble car, and redirected attention away from himself and toward the marginalized. Even at death, his coffin was made of simple wood. If our leaders, contractors, heads of institutions and others can practice such simplicity, certainly more resources will be available for education, health, and infrastructure. Nigerians will stop dying of hunger because there will be enough money to invest in farming and other agricultural activities.
Pope Francis was a champion of the poor, migrants, and the forgotten. He spoke boldly against exclusion, even within the Church. As a matter of fact, many Catholics, particularly the divorced and the civilly remarried who could not receive communion, started receiving communion. A close childhood friend of mine belongs to this group. After her first marriage crashed, she remarried but could no longer receive communion until Pope Francis’s Amoris Laettia (The Joy of Love) document of April 8, 2016, began to reshape in our local parishes.
Ours is a deeply divided nation—ethnically, religiously, and politically. Our leaders must rise above sectional interests to promote inclusion, heal old wounds, and govern with the common good in mind. The practice of one law for one tribe or a particular section of the country and other for others should be jettisoned.
Expectedly, Pope Francis’s papacy was not without challenges. Scandals within the Church, resistance from conservative factions, and geopolitical tensions tested his resolve. Some critics even said that his positions were too progressive, even disruptive. Yet even in the face of criticism, he maintains a posture of listening, forgiveness, and dialogue. He did not back down from calling out injustice, environmental degradation, or corruption.
Nigerian leaders should stop prioritizing personal survival over national progress. Currently there is a defection wave going on in the country. Political leaders are dumping the political parties under which they were elected by the people to join other political parties. How do their actions benefit the people that elected them? Some Nigerians for tribal reasons and political profiteering will choose to keep mum in the face of injustice against their fellow citizens. Just as Pope Francis, speaking and acting against injustice—no matter the cost—should be the standard, not the exception if Nigeria must move forward as a united entity.
Another striking attribute of Pope Francis was his ability to listen, dialogue and foster peace. He was a bridge-builder. He engaged atheists, Muslims, and people of all cultures in meaningful dialogue all geared towards peace in the world. In a country as diverse as Nigeria, listening to opposing views and working toward peaceful coexistence should be second nature to our leaders, not an afterthought.
Nigeria will be a better, more progressive country if both the leaders and the led realize that everybody cannot be on the same side of a bargain. Dissenting voices must always be there. Diverse opinions must exist. The ability to tolerate these views and accommodate the opponents is one of the great qualities of a good leader. That, too, is a form of humility—not weakness, but the strength to lead with openness and grace.
Francis never forgot that he was accountable not just to the Church, but to God and humanity. Nigerian leaders, especially those who publicly profess faith, must internalize the idea that leadership is a sacred trust. Governance should reflect conscience and character, not just calculation and convenience.
Pope Francis’s message was simple yet radical: to be truly great, one must serve. In this, he channeled not only the spirit of St. Francis of Assisi, whose name he bore, but also the core teachings of the Gospel. He brought the Catholic Church closer to the people—not by changing doctrine, but by changing tone. His humility was not performative; it was deeply woven into his actions, his words, and his witness.
In honoring the legacy of Pope Francis, Nigerians—leaders and citizens alike—must embrace a new kind of leadership: one marked by humility, sacrifice, and service to others. His life reminds us that change doesn’t begin with policies alone; it begins with character.
Adieu Humble Holy Father

By; Calista Ezeaku

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Opinion

Nigeria’s Insecurity And Co-Existence

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On April 21, as the clock struck 9 p.m., terror descended upon Desa, a tranquil town known officially as Ilesha Baruba, nestled in Kwara State’s Baruten Local Government. It’s just a few minutes away from my hometown.
“Masked in military fatigues, armed bandits shot sporadically at the town’s night market that was bustling with young men of different ethnicities having a good time and cold-bloodedly murdered eight innocent souls.
The terrorists began their rampage by brutally executing a Fulani man who was a member of the local vigilante. Multiple gunshots splattered his brains across the ground in a shockingly repellent spectacle of blood and tissue.
Five other Fulani people were gunned down. Tragically caught in the crossfire were also a Fon man from southern Benin Republic and a Baatonu native of the town.
What deepens the anguish is the apparent senselessness and inscrutability of it all. Eyewitness accounts said the assailants themselves were Fulani (based on the language they spoke). And they neither kidnapped nor stole.
Why did they kill fellow Fulani men? The Fon man and the Baatonu man appeared to be unintended targets. Was this just bloodthirsty nihilism? Did the Fulani men, who were integrated into the local community, betray the terrorists? Everyone is mystified.
Before April 21, though, the whole of Borgu had been gripped by paralyzing fears of the new terrorist group called Mahmuda. They had operated in Kebbi and Niger states and recently began to be seen in my part of Kwara State. In other words, they are now in all of what used to be collectively Borgu.
Borgu is a historic, multi-ethnic space, which comprises Baruten and Kaiama local governments in Kwara State, Borgu and Agwara local governments in Niger State, Bagudo and Dandi local governments in Kebbi State, and Borgou and Alibori departments (i.e., states) in Benin Republic.
It existed as a loose but powerful, storied, invincible, confederation of disparate kingdoms from the 1300s until the 1890s when Britain and France conquered and dismembered it.
Terrorists had been camped in the Kainji Lake National Park and in the part of Beninese portion Borgou that shares a boundary with Burkina Faso for more than a year. This year, they moved to Kaiama and parts of Yasikiru in Baruten LGA.
Efforts by residents to alert authorities initially brought hope when security forces raided terrorist hideouts and confiscated some of their weapons and equipment.
But rather than bringing relief, these actions incited vicious reprisals and transformed our communities into targets for heartrending sanguinary retaliation that spares no children, women, or the elderly.
The last week’s visit by Kwara State’s governor to Kaiama, intended as an assurance of protection, tragically became a catalyst for further bloodshed. Mere hours after his departure, terrorists punished the community with intensified violence and mercilessly murdered more innocent and helpless people.
Two days before the horrific events in Desa, ominous messages from the terrorists had spread across Baruten and Kaiama, imposing a curfew slated to begin at 10 p.m.
Yet even before it could be enforced, the terrorists struck unannounced, extinguished precious lives and spread dread.
This escalation leaves the people of Borgu in a state of disabling siege and fear. They have been robbed of the peace they once cherished.
My heart is broken beyond description. Borgu’s famed, time-honored tranquility now trembles beneath the weight of terror and grief.
The urgency for decisive, meaningful action to restore safety and peace has never been more critical.
Kperogi, a public affairs analyst, wrote in from Lagos.

By: Farooq Kperogi

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Opinion

Nigeria’s Poor Economy And High Unemployment Rates

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Nigeria, often referred to as the “Giant of Africa”, is endowed with vast natural resources,
a large population and a youthful workforce.
Despite these advantages, the country faces persistent economic challenges, most notably high unemployment rates over the years. Successive governments remain a central issue contributing to poverty, social unrest, and underdevelopment. The economic wellbeing of a nation is significantly tied to her employment levels.
In Nigeria’s case, high unemployment has become a key driver of its poor economic performance affecting everything from productivity and income levels to crime and political instability.
Unemployment in Nigeria has assumed a multidimensional nature, characterised not just by joblessness but also underemployment, informal employment and precarious working conditions.
The Nigeria National Bureau of Statistic (NBS) said the youth with over 60 percent of Nigeria’s population under the age of 30 percent youth unemployment is a time bomb threatening the nation’s future.
Many graduates leave universities and polytechnics annually with little or no hope of securing decent jobs.
This structural unemployment is the result of a mismatch between skills and labour market needs, inadequate industrialisation, and a weak private sector.
Unemployment affects an economy in numerous direct and indirect ways.
In Nigeria, it leads to a reduced consumer base, when large sections of the population are not earning steady incomes, they have limited purchasing power which in turn affects the production and growth of businesses. Companies produce less, invest less and hire fewer people, leading to a vicious cycle of low economic growth.
Moreover, high unemployment translates to lower tax revenue for the government with fewer people paying taxes. The government has fewer resources to fund infrastructure, education, healthcare, and other public services that stimulate economic development.
This fiscal weakness forces Nigeria to rely heavily on foreign loans, which leads to rising debt levels and economic vulnerability.
Furthermore, infrastructure deficits including inadequate power supply, poor road networks and limited access to credit make it difficult for small and medium sized enterprises (SMEs) to thrive, yet SMEs are the bedrock of employment in many developed nations. Nigeria’s weak support for SMEs stifles innovation and job creation.
Another tragic consequence of high unemployment is the mass exodus of Nigerian talent to foreign countries in search of better opportunities. The brain drain weakens the country’s human capital base and deprives it of professionals who could contribute meaningfully to national development.
The “Japa” phenomenon-a slang used to describe young Nigerians fleeing the country reflects deep disillusionment with the system. Doctors, nurses, software engineers and other professionals are leaving in droves. The cost of training these individuals is absorbed by Nigeria, but their expertise benefits foreign economics. This dynamic further deepens the economic challenges as the country loses its best and brightest minds.
Addressing unemployment in Nigeria requires a multifaceted approach, first.
Secondly, industrialisation must be prioritised. The government should create an enabling environment for local manufacturing by improving infrastructure, reducing Bureaucratic bottlenecks and offering tax incentives reviving the agricultural sector with modern techniques and supply chains can also absorb a significant portion of the unemployed.
Thirdly, Governments at all levels must be held accountable for implementing job creation programmes transparently and effectively. Public-Private Partnerships (PPPs) should be encouraged to drive innovations and employment in ICT, renewable energy and logistics.
Finally, Nigeria must diversify its economy away from crude oil and invest in sectors that generate mass employment. Tourism, education, healthcare and creative industries such as film and music hold immense unlapped potential.
With genuine commitment from leaders, strong institutions and the active participation of the private sector and civil society, Nigeria can turn the tide on unemployment and chart a path toward sustainable economic prosperity.
Idorenyi, an intern with The Tide, is a student of Temple Gate Polytechnic
Abia State.

Biana Idorenyin

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