There has been an outpouring of varied reactions since yesterday’s announcement of a state of emergency in Adamawa, Borno and Yobe states by President Goodluck Jonathan.
Opposition Action Congress of Nigeria (ACN) described it as lacking in original thinking and therefore asked the National Assembly to reject it. It argued that while the president was right in expressing outrage over the mindless killings and wanton destruction by the insurgents, he was wrong in proposing more of the same measures that have failed to yield results.
”If the medicine given to a patient has not cured his or her illness, is it not futile to prescribe more of the same medicine for the patient? If the declaration of a state of emergency in 15 local government areas in four states in 2011 has not curbed the activities of the insurgents, why extend such measure to other areas? If the use of force in the affected states has failed to curtail the activities of the insurgents, why send in more troops?” ACN’s National Publicity Secretary, Alhaji Lai Mohammed queried in a statement issued in Abuja on Wednesday.
”There is nothing new in the president’s action. It is more of the same: deployment of more troops to the affected states and the use of tougher, scorched-earth tactics against the insurgents. In the first instance, this stepped-up militarization of the states amounts to an asymmetric use of force in an environment where the insurgents operate within a civilian population, hence it will ultimately be counterproductive as the death toll will continue to mount while the civilian population — who will be caught in the cross fire — will be alienated.
”Secondly, the president should go ahead and disband the committee he recently inaugurated and saddled with reaching out to the insurgents, because by opting to flood the states with more troops under an ill-advised emergency rule, he has succeeded in pulling the carpet from under the committee’s feet. Who negotiates genuinely with a gun to his head? The committee’s job is over; the members can as well pack up and go home.
”Thirdly, one hopes the president’s action is not linked to the politics of 2015. With the three states militarized, there can neither be electioneering campaign nor voting there. We had warned earlier that as 2015 approaches, the Jonathan Administration will increasingly take measures that will make it impossible to hold election in many states The over militarization of some states in the north, the plan to destabilise the South-west using slush funds from the so-called oil pipeline protection contract and the infantile threats from some Niger Delta militants seem to be part of this plan.
”Fourthly, what happens if and when the declaration of emergency rule fails to stem the violence, now that the president has gone for broke and played his last card? In view of the reasons stated above, we hereby reject the declaration of emergency rule in the three states of Adamawa, Borno and Yobe, and we call on the National Assembly to also reject it and not allow itself to be used to rubber stamp a declaration that is largely cosmetic.
ACN reiterated earlier statements that the Boko Haram crisis has its roots in years of bad governance that have produced an army of unemployed,
unemployable, disenchanted and demoralized youths who are now ready hands and willing tools for those seeking to perpetrate violence.“The unprecedented corruption across the land, as well as injustice and extra-judicial killings are also fuelling this crisis,” it added.
“While the short-term solution to the Boko Haram crisis should be a combination of dialogue and a minimal use of force, the long-term measure to deny Boko Haram of willing recruits and make the sect unattractive to anyone is to ensure that the State can adequately meet the yearnings and aspirations of its citizens.
“And the only way to do this is through good governance that delivers the dividends of democracy to the citizens; stamps out corruption and ensures a just and equitable society. Boko Haram is like a bad tree. To kill it, it must be uprooted, instead of trimming its branches. The measures announced by President Jonathan on Tuesday will not deliver the killer punch to this reprehensible sect. There is need to think out of the box.”
Responding, the Peoples Democratic Party described the reaction of the Action Congress of Nigeria to the declaration of state of emergency in three states of the North East as that of a political party speaking from either a diseased and confused state of mind: a blackmailer who doesn’t mind doing the trifle to remain relevant, or a political party actively conniving at this mindless war on Nigeria.
Chief Olisa Metuh in a press statement, said,“Yesterday, the ACN, the sole repository of Solomonic wisdom, who was against Amnesty to insurgents, who indeed described the Federal Government in unprintables has today turned a proselyte of amnesty and dialogue.”
“Few things are possible. The ACN and their cohorts in the opposition are behind insurgents and therefore must subvert every measure taken by government to tackle escalating insurgency. We recall that the opposition boasted recently that they would end the Boko Haram scourge within two months of their presidency. There is no smoke without fire.”
“The other is that the opposition sees the escalating terror as short-cut to power. Recall also that the statements of the leaders of the opposition at the eve 2011 presidential election gave birth to violence which has snowballed today into terrorism.”
“We therefore call on the leaders of the opposition to remove the mask on their faces and publicly declare their stand,” a statement from the National Publicity Secretary of the PDP, Chief Olisa Metuh, said.
“But we must educate the ACN,” the statement continued. “The state of emergency does not run contra to the spirit and the assignment of the presidential committee on amnesty. The committee will take the job to its logical, fruitful end while the deployment of more troops under the emergency is an irreducible necessity to stem a determined war on the nation.”
” May we also educate the ACN that a just and equitable society cannot be achieved over night in the same manner, good governance is not an already- made commodity waiting on the counter. We wish to emphasize that in over a decade, the PDP has not only rebuilt the decayed fabrics of the nation but has taken recognizable and commendable steps in the direction of good governance. We shall remain committed to that despite distractions.”
“What is new in what the President has done if we must again tell the ACN, is that President Jonathan is a core democrat, who appreciates the core values of democracy and who believes firmly that democracy must be practiced in Nigeria in its undiluted form. (Perhaps the ACN had waited for the dissolution of political structures so as to stretch further it’s blackmail) What is new is that the President by offering amnesty has opened the window for insurgents with genuine agitations to access redress while stopping intransigent criminality from consuming the nation.”
In his own reaction, President of the Christian Association Nigeria (CAN), Pastor Ayo Oritsejafor has described the declaration as a justified action and a vindication of CAN’s position that negotiation with terrorists will always end up a futile exercise.
“We are being vindicated that no reasonable agreement can be reached with terrorists,” he said in a statement release by Kenny Ashaka, his spokesperson.
According to Oritsejafor, not dissolving the political structures coupled with the retention of the office of the governors are signposts that President Goodluck Jonathan is a democrat and that the action of the president is also an indication that he is primarily concerned with the issue of human rights abuses and the need to secure the territorial integrity of Nigeria.
While saying that the state of emergency declared in the three states is not unexpected, he called on the three governors to reciprocate the kind gesture by cooperating with those charged with the responsibility of bringing down the insurgency, just as he called on all Nigerians of goodwill, in and outside the three states, to join hands with the Federal Government in dealing with the Boko Haram issue.
Also reacting, Deputy President of the Senate, Ike Ekweremadu argued that the president's declaration was a necessary step to curtail the excesses of the Boko Haram insurgents.
He commended President Jonathan for following the constitutional prescriptions that provided that all elected structures should remain in cases of emergency. He said the Jonathan example would correct previous misinformation concerning state of emergency as it was implemented unconstitutionally before now.
“Importantly, I commend the president for abiding strictly with constitutional provisions on State of Emergency by taking only the requisite extraordinary measures to contain the insurgence and insecurity in the States without dismantling the elected democratic structures,” he said.
“While a State of Emergency is welcome as a first aid in tackling the security challenges, my stand has always been that we have to reappraise how we organize our national security as a federal entity, especially our policing system to guarantee the security of lives and property in every part of the country.”
Human rights lawyer, Barrister Festus kenyamo, who was one of the first to react to the president’s declaration, described it as a step that has long been overdue.
“The bloodletting in these states left the president with no other option but to take this extraordinary step. This step must be appreciated in the light of the refusal of the insurgents to even dialogue with the Federal Government,” Kenyamo wrote in a statement to Huhuonline.com.
“The primary duty of any government is to protect lives and properties and it is only right that government should dig deep to find a lasting solution to this ceaseless carnage.”
However, he argued that there are strong caveats that must be issued to government in respect of the extraordinary action:
“That government must not in any way politicize this action. It is constitutionally correct that the President did not attempt to suspend the Governors from office as nothing in Section 305 of the 1999 Constitution (as amended) gives him such a power.
“What Obasanjo did in the past in suspending governors through a declaration of a State of Emergency was illegal, unconstitutional, null and void. Unfortunately, none of the governors had the mettle to challenge him in court.”
He urged the Military to be careful at all times not to trample on the fundamental rights of innocent citizens in these states, so that they do not become the scourge rather than solution.
“The president must follow all the steps required in Section 305 of the 1999 Constitution as amended to legitimize his action,” he added.
“That the moment calm is restored, the troops must return to the barracks so as not to give the Military unholy ideas about their role in our democracy. We all owe it a duty to assist government to restore law and order in the country. It is for our overall benefit.”
Also, the public Interest Lawyers League described the move as a welcome idea. In a statement by its president, Abdul Mahmud, the group argued that although the declaration has come on the heels of the declaration of state of emergency in 15 local government areas across the North-East almost two years now, it came almost too late considering the insecurity challenges ordinary citizens contend with.
“The declaration of state of emergency by the president, which in the purview of Section 305 (2), (3) (c), (d) and (f) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended) guarantees the president the powers to so declare, will allow our soldiers to gain footholds on those parts of our sovereign territory that have been seized by insurgents in Borno and Yobe states, for instance,” he said.
“We would however be disturbed if in discharging their combat remits, soldiers abuse the fundamental rights and liberties of citizens of states affected by the declaration as we have seen in Baga and Bama.”
However, National Leader of ACN and former Governor of Lagos State, Chief Bola Ahmed TinubuIt disagreed, saying it is now abundantly clear that President Goodluck Jonathan has finally bared his fangs confirming what was widely speculated.
“By declaring a state of emergency in Borno, Yobe and Adamawa, he has intimidated and emasculated the governors of these states. We are witnessing a dangerous trend in the art of governance and a deliberate ploy to subvert constitutional democracy,” he said.
“The body language of the Jonathan administration leads any keen watcher of events with unmistakable conclusion of the existence of a surreptitious but barely disguised intention to muzzle the elected governments of these states for what is clearly a display of unpardonable mediocrity and diabolic partisanship geared towards 2015.
“Borno and Yobe states have been literally under armies of occupation with the attendant excruciating hardship experienced daily by the indigenes and residents of these areas. This government now wants to use the excuse of the security challenges faced by the Governors to remove them from the states considered hostile to the 2015 PDP/Jonathan project.”
He further stated that this administration will be setting in motion a chain of events the end of which nobody can predict, adding that experience has shown clearly that actions, such as this one under consideration, often give root to radical ideologies and extremist tendencies, a direct opposite of the intended outcome of unwarranted and unintelligent meddlesomeness.
“The present scenario playing out in the country reminds one of the classical case of a mediocre craftsman who continually blames the tools of his trade for his serial failure but refuses to look at his pitiable state with a view to adjusting,” he added.
“It has become crystal clear, even to the most incurable optimist, that the country is adrift. That the ship of the Nigerian state is rudderless is clearly evident in the consistent and continual attacks ferociously executed by elements often referred to as the insurgents in some northern states of the federation, particularly Borno and Yobe states respectively. Indeed, no part of the country is immune from the virulent but easy attacks, veritable indices of a failing state.
“Unfortunately, the tenuous and uncoordinated approach adopted by this government betrays a grossly incompetent disposition which stands at variance with current realities in the country, nay the international community where acts of terrorism are engaged and contained. No Governor of a state in Nigeria is indeed the Chief Security Officer. Putting the blame on the Governors, who have been effectively emasculated, for the abysmal performance of the government at the centre which controls all these security agencies, smacks of ignorance and mischief.
“Terrorist acts are perpetrated routinely and the government at the centre appears incapable of stemming the tide of the horrendous crimes unleashed on the hapless populace. The considerable ease, with which lives and property are destroyed on a daily basis, should excite deep introspection on the part of a government truly desirous of finding a lasting solution. The Constitution provides that the safety and welfare of citizens shall be the primary purpose of having that structure of any political leadership in the first instance. This Government, through acts of omission and commission, has fallen far short of expectation. It actively encourages schisms and all manner of divisive tendencies for parochial expediency. Ethnicity and religion become handy weapons of domination. Things have never been this bad.”
Tinubu described the response to the pervasive chaos in the Northern region of the country as characterised by militarisation, mass arrests and extra judicial killings by the Joint Task Force (JTF), a convenient euphemism for an army of occupation seemingly set loose on the people of the localities concerned. He added that the tenor of the State of Emergency declared by the Federal Government portends danger for the polity.
“The full militarisation of security operations in these states will compound the already tense situation. Both local and international media are awash with news of reckless attitudes of the invading forces. The fact that security operatives are killed cheaply and reprisals from the state find expressions in organised pogroms in the immediate communities is sure evidence of a government, which lacks basic understanding to appreciate the enormity of the current security challenges. If development is about the people, all measures put in place for the sustenance and maintenance of the super-structure of the society must take into cognisance local contents.
“It is evident from the grim experiences in recent times that this government has failed, or does not know that it is necessary for it to avail itself of the benefits accruable from exchange of ideas and notes on the latest in terms of technology and human resources among nations of the modern world, especially those which have been fighting terrorist organisations over the years, on the most effective mode of combating this menace.
“Technologically advanced countries of the world will never discard the idea on the need for the establishment of an effective local intelligence outfit. Our suggestions along this path have always been met with suspicion and acerbic criticisms from both the informed and the ignorant alike. A government which stoutly defends its opposition to the decentralisation of the police force from its present over-centralised command structure is already experimenting with all manner of means patently extra-legal.
“The massacres of local communities attendant upon the attacks on security agents by unknown elements will further alienate the people who should, ordinarily, partner with the government in securing their immediate environments. An army which invades a community maiming, raping and killing defenceless civilians will end up radicalising the youths whose parents and young ones have been wiped out most cowardly and recklessly.
“This government should concentrate more on encouraging the development of local intelligence which will, inexorably, lead to the practice of true federalism. Adopting the use of excessive force against those perceived as harbouring terrorists does not portray this government as possessing the wherewithal to find abiding solutions to the lingering security challenges.”
He went on to brand the president’s pronouncement as seeking to abridge or having the potential of totally scuttling the constitutional functions of governors and other elected representatives of the people, which will be counterproductive in the long run.
“A State of Emergency already exists in the states where JTF operates. Residents of these communities live in constant fear. Their rights are violated with impunity under the guise of searching for terrorists in their respective domains. Hiding under some nebulous claims which border on the intractability of the security challenges posed by Boko Haram or some acclaimed traditionalists who have killed some policemen to render ineffective the constitutional powers vested in elected Governors and other representatives of the people, perceived as not amenable to manipulation for the 2015 project amounts to reducing serious issues bordering on the survival of the country to partisan politics.,” he added.
“Let all those who love this country genuinely advise the federal government not to tinker with the mandates of these Governors under any guise. It is a potentially destructive path to take. If security of a society is about the protection of lives and property of the citizenry, the involvement of the people is a sine qua non to effective intelligence gathering. Any measures put in place which alienate the people, in particular their elected representatives, should be considered as fundamentally defective by every right thinking person in the country.”
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Gunmen believed to be kidnappers attacked a commercial vehicle belonging to Benue Links, the state-owned transport company.
About 17 candidates travelling to Otukpo for their examination centres in the ongoing Unified Tertiary Matriculation Examination (UTME) are feared to have been abducted, although the exact number of victims remains unclear.
Information available to our correspondent says that the incident took place between 7–8 p.m. on Wednesday, April 15, along the Benue Burnt Bricks in Otukpo, Otukpo Local Government Area (LGA) of Benue State.
According to sources, the assailants waylaid the bus and robbed the occupants of their belongings before whisking them away into the bush.
An eyewitness, who spoke to journalists on the condition of anonymity, said the Benue Links bus, which was conveying about 18 passengers, ran into the kidnappers at about 8:00 p.m. on Wednesday night.
“The passengers were mainly young persons heading to Otukpo to sit for the JAMB examination scheduled for Thursday.
“Two people, the driver and one passenger, managed to escape. Incidentally, the passengers were mainly young men and women who travelled to sit for the JAMB examination scheduled for today (Thursday),” he said.
When contacted, the General Manager of Benue Links, Mr Alexander Fanafa, confirmed the incident, noting that the driver of the bus is presently undergoing interrogation at the police station in Otukpo for violating the company’s safety policy not to travel beyond 6:00 p.m.
He said, “As I speak with you, the driver has been arrested and is under investigation for traveling against company directive. I have warned all drivers to stop night journeys, as they would be held as first suspects if anything unfortunate happens.”
The General Manager further stated that the driver took his vehicle and loaded the passengers who were heading to Otukpo after official hours when the park manager, Mr Amedu, had closed, and ran into trouble, so he has been arrested.
The Executive Chairman of Otukpo Local Government Council, Prince Maxwell Ogiri, confirmed the incident, saying that it occurred between 7 and 8 p.m. on Wednesday.
He added that security agents have been mobilized to rescue the victims, stating that the victims are all young people coming to Otukpo to write JAMB examinations.
“It is true, I’m just coming out from a security meeting, and security operatives have been moved into the forest to help rescue the kidnapped victims.
“The victims are mainly young boys and girls coming to Otukpo to write JAMB,” Ogiri said.
However, when contacted, the Benue State Commissioner of Police, Ifeanyi Emenari, confirmed the situation, but said 14 passengers were kidnapped, while one passenger escaped.
The commissioner disclosed that he had already arrived in Otukpo and is conducting the rescue operation.
“I am in Otukpo now with all my team and DPOs who are here in the bush, and I am heading the operation.
“What happened was that one Benue Links bus carrying passengers coming to Otukpo was stopped and attacked by hoodlums, and 14 passengers were kidnapped, but one was able to escape,” he said.
According to him, the command had commenced an investigation into the incident, particularly the circumstances surrounding the journey.
He maintained that Benue Links management has a policy against night travel, but the driver allegedly picked up passengers after official hours.
“We know that Benue Links has a policy and don’t usually drive at night. So from what I got, they have already closed, but the driver, for reasons best known to him which we are still trying to find out, picked passengers along the road, and when he came here, the story you have is what we are having.
“But as we are investigating, we are on the ground to make sure that the victims are rescued,” Emenari said.
News
There are governments that save for the rainy day, governments that prepare for the storm, and governments that, when the heavens open and money falls like tropical rain, rush outside with buckets full of holes. Nigeria, under President Bola Tinubu, has perfected a fourth category: the government that borrows during a windfall. It is a feat of fiscal acrobatics so astonishing that even the most cynical observers of Abuja’s budgetary theatre must pause in admiration. For decades, Nigeria has squandered oil booms with the reliability of a metronome. But this administration has achieved something more ambitious: it has managed to squander a boom before it even finishes arriving.
The US–Iran war has sent oil prices soaring to $115 per barA Government Addicted to Debtrel, nearly double the government’s benchmark of $64.85. Nigeria is earning an extra $92 million every single day; a torrent of unbudgeted cash that would make even the most jaded petro state accountant blush. In barely a month, Abuja has pocketed almost $3 billion in windfall revenue. If the conflict drags on, the country could rake in $30–$36 billion this year alone. And what has the Tinubu administration done with this unexpected bounty? Why, it has gone on a borrowing binge, of course.
In the past week alone, the National Assembly approved: a $5 billion loan from First Abu Dhabi Bank; a $1 billion UKEF backed loan for Lagos ports; a $6 billion external borrowing package, rubber stamped in under four hours, and a N68.323 trillion budget; the largest in Nigeria’s history. This is not fiscal policy. This is a national credit card with no spending limit. Nigeria’s public debt now hovers around $115 billion, and debt servicing will gulp N20.5 trillion in 2026; more than the budgets of health, education, and infrastructure combined. Yet the government borrows as though it were a teenager discovering online shopping for the first time. One might have expected that a historic oil windfall would inspire restraint. Instead, Abuja behaves like a gambler who wins the lottery and immediately takes out a loan to buy more lottery tickets.
The Senate: From Upper Chamber to Upper Cashier
The Senate’s role in this farce deserves special mention. Once conceived as a check on executive excess, it now functions as a conveyor belt for presidential loan requests. The $6 billion borrowing package was approved with the speed of a fast food order; no debate, no scrutiny, no hesitation. Former Vice President Atiku Abubakar, hardly a stranger to Nigeria’s fiscal melodramas, described the approval as “reckless urgency.” He is being polite. The Senate has not merely abdicated oversight; it has embraced its new role as a ceremonial stamp of approval, a kind of legislative rubber chicken waved over every loan document. One wonders whether senators even bother to read the fine print anymore, or whether they simply check the exchange rate, sigh, and sign.
The Oil Windfall That Will Not Be Saved
Other countries treat oil windfalls as blessings. Norway built a sovereign wealth fund so large it could buy entire countries. Saudi Arabia uses its surpluses to diversify its economy. Even Angola; long mocked for its corruption, has learned to stash away a portion of its oil riches. Nigeria, by contrast, treats windfalls as invitations to spend more, borrow more, and plan less. The Excess Crude Account, once envisioned as a rainy day fund, is now emptier than a politician’s promise after election day. The Sovereign Wealth Fund is a polite fiction. And fiscal discipline is a rumor whispered in the corridors of the Ministry of Finance. The tragedy is not that Nigeria is poor. The tragedy is that Nigeria is mismanaged.
The revised N68.323 trillion budget is a monument to fiscal optimism. It allocates N15.8 trillion to debt servicing; N15.4 trillion to recurrent expenditure, and N32.2 trillion to capital projects, many of them rolled over from previous years because the government failed to implement them. This is not a budget. It is a wish list. The government insists that the spending spree will “stimulate growth,” “unlock infrastructure,” and “stabilize the economy.” These are the same phrases Nigerian governments have used since the 1970s, usually moments before the economy collapses under the weight of its own contradictions.
Borrowing to Service Borrowing
The most farcical element of the Tinubu administration’s fiscal strategy is its reliance on borrowing to service existing borrowing. Nigeria now borrows to pay interest on previous loans, borrows to refinance old debts, borrows to fund recurrent expenditure, and borrows to cover budget gaps. This is not fiscal management. It is a Ponzi scheme with national colors. The administration insists that the debt is “sustainable.” So did Greece in 2008. So did Argentina in 2001. So did Nigeria in the 1980s; right before the IMF arrived with structural adjustment programs (SAP) that Nigerians still curse today.
Nigeria’s economy is a house built on sand: the naira remains fragile, inflation is suffocating households, foreign investors are fleeing, debt service consumes most of national revenue, oil production is unstable and non oil revenue is anemic. And yet, in the middle of this storm, the government has chosen to borrow more; at a moment when it should be saving aggressively. The oil windfall is a gift. But gifts require stewardship. And stewardship requires discipline. Neither is in abundant supply in Abuja.
Conclusion: A Nation at the Edge of a Fiscal Cliff
The expanded budget includes lavish allocations to the judiciary ahead of the 2027 elections, feasibility studies for politically convenient infrastructure, and capital projects that conveniently align with electoral maps. This is not economic planning. It is election year choreography. Nigeria is not being prepared for the future. It is being prepared for the polls.
The Tinubu administration inherited a difficult economy. But it has chosen to make it worse. Instead of using the oil windfall to rebuild reserves, strengthen the currency, reduce borrowing, and stabilize the economy, it has embarked on a reckless spending spree financed by loans that future generations will be forced to repay. Nigeria is earning billions, and saving nothing. And it is borrowing everything. History will not be kind to this moment. Nor will the bond markets. In the end, Nigeria’s tragedy is not that it lacks resources. It is that it lacks restraint. And in Abuja today, restraint is as scarce as electricity.
Business
In The Spotlight
On Friday, Nigeria’s Defence Headquarters confirmed the death of the Commander of the 29 Task Force Brigade in Benisheikh, Borno State, Brigadier General Oseni Braimah, and three other soldiers, following a ruthless attack on the military formation. Though this confirmation calmed initial reports that more than 17 soldiers were killed in the April 9, 2026 attack, it, however, ignited a deeper cause for concern among Nigerians, considering the fact that just about five months earlier, another brigadier general, Musa Uba, was murdered in cruel but avoidable circumstances near Wajiroko, in the same Borno State.
The attack on the military formation was not the only terrorist strike that week. That same Thursday, the devastating news of the soldiers who paid the supreme price had not been fully digested when another report filtered in, at night, that no fewer than eight persons had been killed by gunmen, in Mbwelle village, Bokkos Local Government Area of Plateau State. This was besides the bloodshed recorded in Shanga Local Government Area of Kebbi State on Easter Sunday, where 24 people were killed, according to the Kontagora Catholic Diocese, and in Kebbi and Kwara states, where 49 villagers were reportedly killed on Friday.
Despite the confusion, mourning and grief that followed the killing of these helpless civilians in various communities, described by authorities as some of the deadliest incidents recorded in recent months, the report of the military formation invasion and the killing of soldiers specifically caused panic attacks among citizens and gave a “hopeless situation” slant to the worsening security crisis. And this has become a trend since the beginning of the Boko Haram insurgency in 2009.
It is true that Nigeria’s security forces under the current administration have been dismantling bandit networks and killing scores of terrorists. But the relentless attacks on innocent citizens, which have led to the death of over 10,000 people in two years, and the kidnapping of more than 1,100 people in northern Nigeria, in just four months, appear to have enveloped security agencies’ efforts and boxed the current All Progressives Congress administration into a more precarious corner than previous opposition governments.
A few analysts have tried to compare the security situation under the late former President Muhammadu Buhari with the situation now. While some scored the President Bola Tinubu administration above his predecessor’s, others like Olu Fasan, in his article: “Recurring bloodbath: Nigeria is too fragile, too fractured to be safe”, said, “It has taken Tinubu less than three years in office to achieve a worse security situation than Buhari did in (his) eight years in power.”
I may not directly agree with this notion, but I know that the prevailing economic hardship or widespread poverty in the country, despite significant, growth-targeted policy reforms like exchange rate unification, subsidy removal, and fiscal coordination, can be justifiably linked to rising insecurity.
The Nigerian Institute of Social and Economic Research, in a 2024 study brief, titled: “Insecurity takes the lead as the key driver of poverty in Nigeria”, said, “Once a country experiences conflict and insecurity, it faces a reversal of economic development, which in turn increases the likelihood of further conflict, resulting in a cycle economists refer to as doom-loop. By undermining household livelihood activities on massive scales in Nigeria, increasing insecurity in the last five years has not only intensified poverty in the country, but has also opened up new frontiers of multidimensional poverty across Nigeria.”
Insecurity, according to NISER, drives poverty by disrupting and destroying livelihood activities and by reducing access to basic needs, thereby stifling meaningful improvement in the quality of life in Nigeria. This argument can be better appreciated if one considers how many Nigerians have abandoned leisure or commercial farming, especially in rural areas, owing to rising insecurity.
It would be unfair to pin the blame for this lingering crisis on the current administration; past governments were not also able to do much to stem the tide. But the fact that political IOUs seemed to have trumped competence during the initial formation of President Tinubu’s cabinet inadvertently gave room for unpalatable political treatment of delicate security matters across the states.
The Ministry of Defence, according to analysts, was the worst hit until recently, as analysts found it difficult to decode the consideration behind the choice of the two ministers who were initially saddled with such a priority responsibility. Perhaps, if the issue of security had been given the kind of attention it is being given now, from the beginning of the current administration, the terrorists might not have been this emboldened amid international focus.
The result is that, unlike when Nigeria was ranked the Number One Destination for Investment in Africa for two consecutive years (2012 and 2013), other African countries have, since then, continued to displace the nation, owing to a combination of factors, including accessibility and innovation, economic stability and investment climate, among others.
Of the 31 countries that were tracked in the 2024 edition of the “Where to Invest in Africa” report, published by Rand Merchant Bank and the Gordon Institute of Business Science, Nigeria was ranked as the ninth most viable destination for investment in Africa, behind South Africa, in fourth position; and Ghana, sixth. The 2025 report sadly reflected a further decline for Nigeria, by nine places, to the 18th position.
It doesn’t take an economist to understand that banditry, kidnapping, killings, among other forms of security crisis being witnessed on a large scale in Nigeria, can seriously damage the investment climate and trigger capital flight. Any government that picks the socio-economic well-being of its citizens as Number One on its priority chart must, therefore, go all out to first ensure the security of lives and property, against all odds.
That the Federal Government has published a list of 48 individuals linked to terrorism financing is a step in the right direction. That it has also secured 386 convictions, out of 508 cases in a mass terrorists’ trial, is another feat that can deter others and stem the tide, but politicians must, in the interest of the masses and the well-being of the nation, stop playing politics with this sensitive issue of insecurity.
Rather than mock or blame the APC administration for the current predicament, opposition figures and Nigerians as a whole must converge on the need to be united against this monster. However, the Tinubu administration must also avoid actions or statements that could trigger a revolt at this period. With the economic challenges from almost every angle, Nigerians seem to be constantly on edge.
In March 2014, the APC, then the main opposition party, lambasted the former President Goodluck Jonathan administration for trying to cover up its “incompetence and cluelessness” in tackling the Boko Haram insurgency.
The APC, in a statement signed by Lai Mohammed, its interim National Publicity Secretary at the time, said, “A country that has no discernible counter-terrorism strategy that will clearly identify the multiple means for preventing, responding and defeating terrorist groups, including the alignment of political, military, social and economic instruments and objectives, cannot expect to successfully battle any insurgency.”
Now that the APC is the ruling party, and Nigeria is still not out of the woods, should citizens still agree with the party’s assertion? How the authorities handle the situation will determine the answer. What goes around comes around!
In The Spotlight
Nearly 40 years ago in London, I was invited to dinner by a Nigerian woman I knew in Lagos.
She had described the place in general terms, but I arrived at an upscale home with some serious luxury. She was kind enough to show me around, and following a stylish dinner, she described how she had acquired the place, mentioning headline Nigerian names.
I had no reason to doubt her: some of them called during the evening. I declined her offer to share her conversations with them.
It was my personal introduction to the scale of Nigerian property in the English capital, as she described who owned what or lived where.
While my visits to England at the time were work-related and I had little time to socialise, I did meet several teenage Nigerian students whose parents were glad to send them abroad for education.
They patrolled the streets of London in exotic cars, and I thought it was ironic that, in isolation away from Nigeria, the young ladies were often being manipulated by their fathers’ friends.
In the decades that followed, I read stories of politically exposed Nigerians, particularly state governors, for whom the UK was the first address in money laundering.
On a few occasions, I have alluded to that phenomenon in this column. They acquired expensive homes, cars and even gold phones. One, Diepreye Alamieyeseigha, fled London disguised as a woman. Another, James Ibori, was tried and jailed.
Keep in mind that there have been about 185 governors since May 1999, and that London is nearly always their first port of call.
It is humbling to reflect on what percentage of this number has, in the past 26 years, sunk Nigerian wealth into the soil of England, with considerable swathes lost to middlemen and smooth women.
Remember: in 2006, the then-Minister of State for Finance, Nenadi Usman, criticised governors, saying that they disappeared abroad just days after receiving state allocations and after visiting Bureau De Change operators.
In 2007, a famous Human Rights Watch report, “Chop Fine,” described the case of Rivers State in grim detail.
The problem is that it is not always governors, as demonstrated by the story, “Abuja on Thames,” which appeared in the British monthly, Private Eye, in March 2019. That month, I commented on that story, which involved the astonishing wealth in that country of Paul Ogwuma, a former governor of the Central Bank of Nigeria.
The full Nigerian picture of capital flight, elite consumption, and political patronage was on display when the Panama Papers in 2016 and the Pandora Papers in 2021, two massive international media investigations in which our Premium Times participated, uncovered how the world’s rich and powerful deploy offshore mechanisms to hide their possessions.
As always happens, no Nigerian lost a kobo, let alone a heartbeat, as a result of those investigations, because in Nigeria, crime and hypocrisy quite literally pay.
And then in 2024, a list appeared of 58 deceased Nigerians with unclaimed assets in the UK, as part of a daily-updated “Bona Vacantia” (BV) list, meaning that having remained unclaimed, they are now considered the property of the Crown.
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The Nigerian government does not inform Nigerians about the BV list or the claims process, so those properties are probably lost forever.
Remember also, the case of Nigerian “government” property on the verge of forfeiture in the UK a few years ago. In New York and Maryland, in the US, Nigerian governors and diplomats have left behind a long trail of property issues. In 2012, Alamieyeseigha forfeited $401,931 in traceable assets to the US government when President Jonathan’s government failed to claim them.
And so, the rich continue to flourish, and in January 2026, Tax Policy Associates of the UK published the extensive investigation, ‘Who secretly owns Britain? The hidden offshore owners of £460bn of UK property.’
A report in The Londoner, based on that investigation, peeled back the layers to link the late Herbert Wigwe, the former chief executive of Access Holdings, to about 106 properties. That placed him at No. 7 on a list of “The overseas power players in London’s property market,” with each property registered under shell companies outside the country, leaving none of them directly traceable to him.
While some of these practices are legal, especially on the part of private businessmen, the problem is that Nigeria has, for decades, been burdened by an army of much smaller ants eating away at her. Most of them are pillars of society, either claiming sainthood or praying for it, while the people from whom they amassed their wealth starve to death.
But there is another side: in Nigeria, the Tax Policy Associates investigation, like the arrests of Dariye and Alamieyeseigha and the trial of Ibori, would have been impossible.
“Abuja on Thames” would never have been investigated or published. Not the Pandora Papers. Not the Panama Papers.
Because we are traders. We are either buying or selling. When the aroma of money or power is present, some would sell their very souls. It is why we are where we are.
The system, of course, is in many ways pre-rigged. On real estate matters, we operate a fragmented administrative system with multiple overlapping authorities, incomplete digitisation, and overwhelming opacity. The FCT and state capitals are stories of greed.
This is because the Land Use Act vests all land in each state in the governor (and the President for the FCT). This means that, technically, no one “owns” land outright; one only holds a Certificate of Occupancy. That creates enormous scope for discretionary allocation and corruption, since governors and the FCT minister can grant or revoke rights, and often do.
This is why an FCT minister is a king. He can allocate land to whomever he pleases:
Relatives of the First Lady were thrice removed.
His wife.
Fourth cousins.
Underage children.
Governors, again.
EFCC officials.
ICPC officials.
Code of Conduct Bureau officials.
Girlfriends and their friends.
Supreme Court judges.
Court of Appeal judges.
INEC officials.
Senators.
Top police officers.
Among others, remember the FCT land scam of 2004; the Ministerial allegations involving the current FCT Minister, Nyesom Wike; and the 57 multi-billion-naira properties linked to former Attorney-General Abubakar Malami.
Just imagine what a Tax Policy Associates-style investigation of real estate ownership in Nigeria’s big cities would reveal.
Because in Nigeria, power is deployed into service only when we pray in the mosque or the church. Outside that, power is for the self.
And if you can export that power abroad in funds that belong to the commonwealth, to deprive other Nigerians of it and make you live like a king forever, so much the better!
Sonala Olumhense