Opinion
Import Of Obaseki’s Speech
The world has changed. Nigeria has changed. The economy of Nigeria is not the same again whether we like it or not. We have been managing since the civil war. We say money is not our problem. As long as we are pumping crude oil every day there will always be money. So, we have run a strange economy, a strange presidential system. Everywhere else, the government relies on the people to produce taxes, they collect taxes and it is the taxes they use to run the local, state and federal government.
But the way we run Nigeria and subsequently the political parties up till now is that it does not matter. The country can go on holiday; the country can go and sleep. At the end of the month, we all just go to Abuja and we collect money and we come back and we spend. We are in huge financial trouble. First, what we used to rely on, crude oil, forget what you are seeing now as 60, 70 dollars per a barrel. It is only a mirage. It’s only a question of time because the major oil companies – Shell, Chevron are no longer investing as much in oil. Chevron is now one of the world’s largest investors in alternative fuel. Shell is pulling out of Nigeria.
So, in another year or so, where will we find this money that we go to Abuja to share? Last month, the Federal Government printed an additional N50 to N60 billion to top up for us to share. This April again, we will go to Abuja, we will share. By the end of this year, our total borrowings is going to be within N15 to N16 trillion. You can imagine a family, you don’t have money coming in, you’re just borrowing and borrowing and borrowing without any means or idea on how to pay back and nobody is looking at that. Everybody is looking at 2023.” – Godwin Obaseki, Edo State Governor
Yes, it is a long quote but I had to insert it because within these few lines lies the major economic problem of the nation. Of course, Obaseki having been in power for over four years cannot be exonerated from the quantum mess in the country. The economy of Edo State may have nosedived during his administration as claimed by the leadership of APC in the state, but did he hit the nail on the head? Yes, he did. Is the speech a wake-up call? Definitely!
I think it’s high time Nigerians, both in low and high places began to tell ourselves the stack naked truth and stop all the lies and cover ups that are doing the country no good. We all are in this sinking ship and if we fail to realize it or continue to pretend that all is well, when the ship sinks, we will all go down. We cannot continue on the unprogressive lane we have been for decades and expect the country to grow.
Several economic experts have warned time without number about the nation’s over dependence on oil and the danger it portends to the economic growth of the country yet no concrete measure is seen to have been taken to change the narrative by successive administrations. The manufacturing sector is almost dead. The agricultural sector is in bad shape. Even those that have been keeping the sector alive and some other persons that try to go into agriculture are discouraged by the unending insecurity in the country.
The most worrisome issue raised by Obaseki is the revenue sharing method. Our federation is such that monthly revenue accruing from oil, corporate taxes, VAT, customs, and other levies are shared across the three tiers of government- federal, state and the local governments after 13% of any revenue made from natural resources is paid to the origin states of those resources and other deductions associated with collecting revenues is made. In line with the sharing formula, the federal government takes 52.68%, the states share 26.72% while the local governments get 20.60%. Each state gets its own share of the revenue based on a “Horizontal Allocation Formula” with a few factors put into consideration.
With the assurance of the monthly income, many states hardly look inward for other sources of income. Reports have it that up to 14 states fund at least 90% of their budget with their FAAC allocations. With the dwindling oil revenue, the FG may resort to printing more money to be shared as revealed by Obaseki or continue borrowing from countries across the globe and from within. A recent report of the National Bureau of Statistics (NBS) reveals that the country’s total public debt stock, constituting of external and domestic debts stood at N32.22 trillion ($84.57 billion) as at September 30, 2020, indicating an increase of N6.01 trillion within a year. The worst is that there is little or nothing to show for these huge borrowings both at the federal and state levels.
These should be of great concern to any well-meaning Nigerian especially the policy makers who by now ought to be working on policies that will result in a paradigm shift in the country. Gov. Obaseki’s suggestion of raising internally generated revenue through taxes is not a bad idea provided those saddled with that responsibility will be sincere and the money will be judiciously used.
Some analysts have also posited that the current system of government in Nigeria is very expensive and wasteful saying that instead of the presidential system, the country should go back to regional system of government which allows various regions to grow at their pace and engenders competition among the regions. Certainly, that is the way to go. Let the geo-political zones think outside the box, using their abundant natural resources and other endowments to develop themselves. They should be paying stipulated percentage of their income to the federal government instead of the other way round.
It is also imperative that urgent and due attention be paid to the development of the agricultural, manufacturing and other sectors of the economy as well as the revitalisation of all the dead industries across the country. Adequate measures should be taken to tackle the heightened insecurity challenge in various parts of the country because, without security, all plans towards having a better country will be futile efforts.
By: Calista Ezeaku
Opinion
Wike VS Soldier’s Altercation: Matters Arising
The events that unfolded in Abuja on Tuesday November 11, 2025 between the Minister of the Federal Capital Territory, Chief Nyesom Wike and a detachment of soldiers guarding a disputed property, led by Adams Yerima, a commissioned Naval Officer, may go down as one of the defining images of Nigeria’s democratic contradictions. It was not merely a quarrel over land. It was a confrontation between civil authority and the military legacy that still hovers over our national life.
Nyesom Wike, fiery and fearless as always, was seen on video exchanging words with a uniformed officer who refused to grant him passage to inspect a parcel of land alleged to have been illegally acquired. The minister’s voice rose, his temper flared, and the soldier, too, stood his ground, insisting on his own authority. Around them, aides, security men, and bystanders watched, stunned, as two embodiments of the Nigerian state clashed in the open.
The images spread fast, igniting debates across drawing rooms, beer parlours, and social media platforms. Some hailed Wike for standing up to military arrogance; others scolded him for perceived disrespect to the armed forces. Yet beneath the noise lies a deeper question about what sort of society we are building and whether power in Nigeria truly understands the limits of its own reach.
It is tragic that, more than two decades into civil rule, the relationship between the civilian arm of government and the military remains fragile and poorly understood. The presence of soldiers in a land dispute between private individuals and the city administration is, by all civic standards, an aberration. It recalls a dark era when might was right, and uniforms conferred immunity against accountability.
Wike’s anger, even if fiery, was rooted in a legitimate concern: that no individual, however connected or retired, should deploy the military to protect personal interests. That sentiment echoes the fundamental democratic creed that the law is supreme, not personalities. If his passion overshot decorum, it was perhaps a reflection of a nation weary of impunity.
On the other hand, the soldier in question is a symbol of another truth: that discipline, respect for order, and duty to hierarchy are ingrained in our armed forces. He may have been caught between conflicting instructions one from his superiors, another from a civilian minister exercising his lawful authority. The confusion points not to personal failure but to institutional dysfunction.
It is, therefore, simplistic to turn the incident into a morality play of good versus evil.
*********”**** What happened was an institutional embarrassment. Both men represented facets of the same failing system a polity still learning how to reconcile authority with civility, law with loyalty, and service with restraint.
In fairness, Wike has shown himself as a man of uncommon courage. Whether in Rivers State or at the FCTA, he does not shy away from confrontation. Yet courage without composure often feeds misunderstanding. A public officer must always be the cooler head, even when provoked, because the power of example outweighs the satisfaction of winning an argument.
Conversely, soldiers, too, must be reminded that their uniforms do not place them above civilian oversight. The military exists to defend the nation, not to enforce property claims or intimidate lawful authorities. Their participation in purely civil matters corrodes the image of the institution and erodes public trust.
One cannot overlook the irony: in a country where kidnappers roam highways and bandits sack villages, armed men are posted to guard contested land in the capital. It reflects misplaced priorities and distorted values. The Nigerian soldier, trained to defend sovereignty, should not be drawn into private or bureaucratic tussles.
Sycophancy remains the greatest ailment of our political culture. Many of those who now cheer one side or the other do so not out of conviction but out of convenience. Tomorrow they will switch allegiance. True patriotism lies not in defending personalities but in defending principles. A people enslaved by flattery cannot nurture a culture of justice.
The Nigerian elite must learn to submit to the same laws that govern the poor. When big men fence off public land and use connections to shield their interests, they mock the very constitution they swore to uphold. The FCT, as the mirror of national order, must not become a jungle where only the powerful can build.
The lesson for Wike himself is also clear: power is best exercised with calmness. The weight of his office demands more than bravery; it demands statesmanship. To lead is not merely to command, but to persuade — even those who resist your authority.
Equally, the lesson for the armed forces is that professionalism shines brightest in restraint. Obedience to illegal orders is not loyalty; it is complicity. The soldier who stands on the side of justice protects both his honour and the dignity of his uniform.
The Presidency, too, must see this episode as a wake-up call to clarify institutional boundaries. If soldiers can be drawn into civil enforcement without authorization, then our democracy remains at risk of subtle militarization. The constitution must speak louder than confusion.
The Nigerian public deserves better than spectacles of ego. We crave leaders who rise above emotion and officers who respect civilian supremacy. Our children must not inherit a nation where authority means shouting matches and intimidation in public glare.
Every democracy matures through such tests. What matters is whether we learn the right lessons. The British once had generals who defied parliament; the Americans once fought over states’ rights; Nigeria, too, must pass through her own growing pains but with humility, not hubris.
If the confrontation has stirred discomfort, then perhaps it has done the nation some good. It forces a conversation long overdue: Who truly owns the state — the citizen or the powerful? Can we build a Nigeria where institutions, not individuals, define our destiny?
As the dust settles, both the FCTA and the military hierarchy must conduct impartial investigations. The truth must be established — not to shame anyone, but to restore order. Where laws were broken, consequences must follow. Where misunderstandings occurred, apologies must be offered.
Let the rule of law triumph over the rule of impulse. Let civility triumph over confrontation. Let governance return to the path of dialogue and procedure.
Nigeria cannot continue to oscillate between civilian bravado and military arrogance. Both impulses spring from the same insecurity — the fear of losing control. True leadership lies in the ability to trust institutions to do their work without coercion.
Those who witnessed the clash saw a drama of two gladiators. One in starched khaki, one in well-cut suit. Both proud, both unyielding. But a nation cannot be built on stubbornness; it must be built on understanding. Power, when it meets power, should produce order, not chaos.
We must resist the temptation to glorify temper. Governance is not warfare; it is stewardship. The citizen watches, the world observes, and history records. How we handle moments like this will define our collective maturity.
The confrontation may have ended without violence, but it left deep questions in the national conscience. When men of authority quarrel in the open, institutions tremble. The people, once again, become spectators in a theatre of misplaced pride.
It is time for all who hold office — civilian or military — to remember that they serve under the same flag. That flag is neither khaki nor political colour; it is green-white-green, and it demands humility.
No victor, no vanquish only a lesson for a nation still learning to govern itself with dignity.
By; King Onunwor
Opinion
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Opinion
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