Genocide is currently unfolding in northern Nigeria while the nation and the world watches and refuses to say its name; Adamawa Governor, Murtala Nyako has warned. What is happening in the 14 northern Nigerian states is genocide, and must be called that, Nyako said in a 9-page octane-high memo to Northern governors dated April 16. The term "genocide" not only captures the fundamental characteristics of the government's intent and actions, the failure to arrest the mindless slaughter and indiscriminate bloodletting by Boko Haram terrorists represents a clear and systemic effort by the Jonathan administration to destroy a portion of the country’s northern population for partisan political advantage. As a result, Nigeria now faces a pogrom of Muslims who are being massacred by “government-sponsored” Boko Haram terrorists on one hand; and by Nigerian security forces on the other, under the guise of fighting the insurgency.
“Clearly the victims of the [Jonathan] Administration’s evil-mindedness are substantially Northern Nigerians. The administration is bent on bringing wars in the North between Muslim and Christians and within them and between one ethnic group and another or others in various communities in the region. Cases of mass murders by its bloody minded killers and cut-throats are well known, but it attributes the killings to so-called Boko-Haram. Thousands of our young girls and boys have been kidnapped by clearly organised militia in the last few years and kidnapping is now a random affair all over the far North. These organized kidnappers must have the backing of the Federal administration for them to move about freely with abducted children just as those who convey ammunitions and explosives from the Ports to the safe-houses of so called Boko-Haram in the North,” the statement read in part.
The Boko Haram insurgency which intensified in the aftermath of President Jonathan’s victory in the 2011 presidential election has killed thousands and millions more internally displaced. International aid agencies and human rights groups say there have been large scale human rights violations by both the terrorists and government security forces fighting the insurgency. The worsening insecurity that has turned the entire northern region into a killing field and is spreading across the country, casts a dark shadow on the 2015 general elections, amid fears that Nigeria might implode into all-out civil war.
According to Nyako, the federal government is destroying Muslim communities because some among them have challenged Jonathan's authoritarian rule. “It is very clear that the protection of life and property of innocent citizens in Northern Nigeria and recognising their Human rights and Voting right in the forthcoming general elections is no longer a cardinal principle of the administration,” Nyako noted.
As in the conflict between north and south, Nyako sounded the alarm on the explosive potentialities of mixing ethnic and racial identities into politics and drew parallels to the Nigerian civil war; which in his view, was the result of the apparent nonchalance and complacency by southerners who failed to condemn the murder of northerners during the January 1966 coup. Nyako reaffirmed his belief in the unity and inviolability of the Nigerian nation and expressed bitter disappointment that the country has been taken hostage by an “evil-minded” repressive minority-centric regime in Abuja that cannot even claim to represent a majority of southerners and has relied on ethnic and religious fundamentalism to hang onto power.
“Nigerians, this is the first time we have collectively elected a citizen of this country from the former Eastern Nigeria as a President. Dear citizens of Eastern Nigerian origin please note that this Federal administration under your son is giving you a very bad name! He takes wrong decisions and seems to be heading us to the abyss. Let’s therefore team up to save our freedom, dignity and rights. The issue now is not between North and South or Northern Nigeria vs Eastern Nigeria or Western Nigeria. We must save our communities, State and Nigeria from the Hitler-like evil-mindedness of a few,” Nyako admonished.
The memo was a savage indictment of President Goodluck Jonathan, whom Nyako never mentioned by name, but left no one in doubt as to who was responsible for the catalogue of problems, he said were plaguing the country. These problems include the insecurity and state of lawlessness; the vicious cycle of endless bloodletting, the blanket state of emergency imposed on northern states without an exit strategy, the politicization of ethnicity, and the general socio-economic crisis facing the country.
“We have the duty not to allow our country to be taken to the abyss! We should always condemn any action by any group of people that would set our communities and nation aflame. One is quite sure that if you had condemned the cold-blooded murder of political and military leaders of Northern and Western Nigerian origins in the night of 15 January, 1966 by your sons it would not have led to the subsequent massacre of the innocent and the Nigerian Civil War. We should never be silent or tolerant of such action by anybody. We have the duty not to be nonchalant or dormant on the fundamentals of our life. We should never take any ethnic group however small or unorganized for granted…We should have learned from World War Two that to stop genocide, we must first call its name, Nyako concluded. (See full release below).
A Memo to the Northern Governors Forum by: His Excellency, V/Admiral Murtala H. Nyako (rtd.), CFR, GCON, rcds Executive Governor Adamawa State
On On-Going Full-Fledged Genocide in ‘Northern Nigeria’
April 16, 2014
The adverse security situation in Northern Nigeria in particular and Nigeria in general is being felt by all of us. While every State Government is doing everything possible using virtually all its resources to stem the tide of near disaster facing all of us especially in the North, it is a well-known fact that the present Federal administration has now become a government of impunity run by an evil-minded leadership for the advancement of corruption that is apparently enjoying the protection of the Federal administration as a citizen of this country should enjoy but is being denied by the administration using its mass murderers/cut-throats imbedded in our legitimate and traditional Defence and Security organisations. It is very clear that the protection of life and property of innocent citizens in Northern Nigeria and recognising their Human rights and Voting right in the forthcoming general elections is no longer a cardinal principle of the administration.
The beginning of Genocide:
Clearly the victims of the Administration’s evil-mindedness are substantially Northern Nigerians. The administration is bent on bringing wars in the North between Muslim and Christians and within them and between one ethnic group and another or others in various communities in the region. Cases of mass murders by its bloody minded killers and cut-throats are well known, but it attributes the killings to so-called Boko-Haram. Thousands of our young girls and boys have been kidnapped by clearly organised militia in the last few years and kidnapping is now a random affair all over the far North. These organized kidnappers must have the backing of the Federal administration for them to move about freely with abducted children just as those who convey ammunitions and explosives from the Ports to the safe-houses of so called Boko-Haram in the North. Hurrah we are no longer being deceived! We no longer accept let alone believe that our prominent Mallams in the Mosques in Kano and Zaria have been killed by ‘innocent’ Boko-Haram members or Christians in the North, nor do we believe that the killing of the Pastor and other worshippers in the Christ Apostolic Church in Jimeta-Yola was done by any Muslim or Boko-Haram members. We know where we are now pointing our fingers. There have also been attempts to assassinate the Senate President (Northerner) in Imo State, two Executive Governors of States in the North (the Governor of Benue State and my humble self), two of our most prominent Traditional leaders (Shehu of Borno and the Emir of Kano), Senators and others too numerous to mention, all from Northern Nigeria. This is in line with the demonic policy of the evil-few in and around the administration that have advocated how Northerners, both Christians and Muslims, are to be so dealt with, ill-treated and oppressed!
No wonder, we in the Northern Nigeria are now facing an organised ethno-religious campaigns of hate fuelled by the Federal administration to make communities which hitherto have remained peaceful for centuries to start killing the minorities in their midst and to facilitate mass killings of the innocent and the arbitrary arrests and torture of elders of minority ethnic groups in the various Northern communities. The reader is please requested to note what has been happening in Plateau State and the recent happenings in Benue and Nasarawa States. We, in Adamawa State, have been battling this heinous machination in the last 3 years. Yes, we noticed it! We also saw it as the Beginning of Genocide. Genocide kingpins are now on prowl in Northern Nigeria!
Fulani communities in parts of the North who have been in their locations for over 100 years are now being raided and uprooted by paid killers within the Nigerian Army for the satisfaction of the Federal administration instead of being protected as citizens with their rights and dignity safe-guarded. This has happened to those communities at Keana L.G. in Nasarawa State and Laddoga and Kachia in Kaduna State. It is presently extended to Benue, Zamfara and Katsina States. Furthermore it is a well-known fact that virtually all the soldiers of Northern Nigerian origin recently recruited to fight Boko-Haram have been deceived in that aspect. They are being poorly trained, totally ill-equipped, given only uniform and are killed by their trainers in Nigerian Army training centres as soon as they arrive in the Nigerian Army camps being used by so-called Boko-Haram insurgents. Virtually all the Nigerian Army soldiers killed/murdered in these operations so far are of Northern Nigerian origin. The Administration has also hired militia from all across especially North Africa who have been deceived into accepting to come because they were made to believe that they would be fighting infidels.
The Federal administration’s affront to frame Northerners is also an open secret. Senior Special Assistant to Mr President tried to hoodwink us into believing that Malam Sanusi Lamido Sanusi was kingpin of Boko-Haram. Typical bullshit from the Federal administration. Mr Henry Okah, the convicted leader of MEND also stated under oath that he was being put under pressure by the administration to implicate senior Northern elements such as IBB and Buhari as financiers of Boko Haram terrorism. We are in deep trouble. We have begun to sleep with ‘both our eyes widely open’!
Let me paraphrase what humanity has been humming over the ages:
A call to Action
When they killed the Jews, we watched unconcerned because we were not Jews.
When they murdered the Blacks we were still unconcerned because we were not Black.
When they massacred the Asians we kept mute because we were not one of them.
Then we saw the Marauding Murderers coming and we realised they were coming for us and we were not safe.
That was when we knew that if we had collectively protested the Killings of the Jews, the Murder of the Blacks and Massacres of the Asians, we would all have been safe.
Right here at Home
They started killings in Borno State we kept quiet.
The hired killers got to Yobe State we remained mute
They proceeded to Adamawa State we watched
They attacked Kano, Katsina and Sokoto we said nothing
The North-East is under occupation
The North-West is under assault
Now their tanks and marauders have begun rolling into the North-Central
The North is under occupation
Yet we are still silent!
Nigerians stand-up and talk! Injury to one is injury to all
Full-fledged Genocide
It is fortunate that the people of Northern Nigeria and indeed Nigerians have friends namely the good people of this country and other nations, International Court of Justice and NGOs dealing with the protection of humanity against Genocide etc. The International Criminal Court Charter broadly defines genocide as:
• Mass killings of human beings
• A deliberate action by a government that embarks on a policy that denies a group basic social amenities.
• A deliberate action by a government or group of people who embark on campaign of hatred against the innocent.
The International Criminal Court Charter also empowers any aggrieved person(s) or NGO to approach the Court to intervene when a Nation/State party fails to prosecute perpetrators of genocide or grave human right violation or human right offences.
One must confess that all these elements of genocide have been perpetuated by the present Federal administration against the people of Adamawa, Borno and Yobe States and is beginning to rapidly spread to other 14 States of Northern Nigeria. The dead bodies being dragged daily from the Nigerian Army hitherto armouries now turned into killing chambers as identified by Human Right organisations and the last weekend massacre of inmates of SSS cells in Abuja speak volumes on genocide being committed in our country today. Mass killings of students and children in their schools’ dormitories and on their way to take exams are now virtually daily occurrence in Borno and Yobe States. Below is the chart on numbers and percentage of people killed in key trouble spots of the world (Courtesy of Sunday Trust of April 6, 2014) and some of the gruesome pictures of the dead in our country recorded by the Nigerian media and international NGOs.
In this picture dated Friday, April. 19, 2013 and released by Amnesty International, people look at bodies of civilians detained and killed by Nigerian security forces as alleged members of Islamic militant groups. | AP
We in the North must now have an open agenda to protect our people from acts against us similar to those in the foregoing. We should demand our Human Rights; we should demand protection against the evil acts being done to our people and environments; we should demand the Right to Vote in forthcoming General Elections as the people of war-torn Afghanistan did and were able to vote in smooth General Elections on 5th April, 2014. If it could be done in Afghanistan, it should be done in Nigeria, the whole of Nigeria!
It is overdue for us to commence the very serious business of purging all Northerners and fellow Nigerians of mutual hatred and suspicion against fellow countrymen and to inculcate true love and patriotism in the minds of all of us. How could we be nonchalant to the activities of the Federal administration which is involved in the daily massacre of our young men and women, selected elders and eventually all and sundry? It is also time to mobilize International NGO to bring to an end all the atrocities being committed by the evil-few in Abuja against millions of our innocent people. We need international support to compile an accurate data on the dead, maimed, wounded, displaced and missing in the North-East Zone especially Borno State and Yobe State and now other Northern States for payment of full compensation for the loss of life and property. We need the Red Cross to help us set up an efficient medical and ambulance services etc. We need the services of other international organisations such as UNICEF to assist us trace the whereabouts of our abducted children and return them to their parents. They should also assist us to rehabilitate all those who have been adversely affected by the evil machinations of the Federal administration and those evil-few around it. We also need the services of appropriate NGOs to help us arraign all those involved in the genocide before the International Criminal Court at The Hague! We urgently require the services of all those that could help us achieve the objective of the UN Millennium Declaration 2000 where all parties agreed viz “We recognize that, in addition to our separate responsibilities to our individual societies, we have a collective responsibility to uphold the principles of human dignity, equality and equity at the global level. As leaders we have a duty therefore to all the world’s people, especially the most vulnerable and, in particular, the children of the world, to whom the future belongs”. Nigeria is a signatory to this Declaration.
WE NEED ONE ANOTHER IN NIGERIA
Setting Precedent
Nigerians, this is the first time we have collectively elected a citizen of this country from the former Eastern Nigeria as a President. Dear citizens of Eastern Nigerian origin please note that this Federal administration under your son is giving you a very bad name! He takes wrong decisions and seems to be heading us to the abyss. Let’s therefore team up to save our freedom, dignity and rights. The issue now is not between North and South or Northern Nigeria vs Eastern Nigeria or Western Nigeria. We must save our communities, State and Nigeria from the Hitler-like evil-mindedness of a few. Let me remind ourselves that when Hitler walked out of the 1938 Olympics because a Blackman was winning all his events, humanity pretended it did not notice the beginning of genocide; when he started tracking and killing the Jews, it talked glibly about it as if it did not concern us; when he embarked on his racial cleansing, humanity then began to shiver, but it was too late to avert disaster that engulfed our world. The 2nd World War became a reality! We have the duty not to allow our country to be taken to the abyss! We should always condemn any action by any group of people that would set our communities and nation aflame. One is quite sure that if you had condemned the cold-blooded murder of political and military leaders of Northern and Western Nigerian origins in the night of 15 January, 1966 by your sons it would not have led to the subsequent massacre of the innocent and the Nigerian Civil War. We should never be silent or tolerant of such action by anybody. We have the duty not to be nonchalant or dormant on the fundamentals of our life. We should never take any ethnic group however small or unorganized for granted!
The Federal administration under present leadership has truly become absurd in its approach to vital decision makings as it could be seen in its declaration of State of Emergency and the deployments of the Armed Forces! How could such decisions be made without Exit strategies? The administration should know that declaration of State of Emergency is a very serious affair requiring proper analysis on all items of its Check-list. Nigerians are wondering why the administration has not yet declared a State of Emergency on FCT Abuja in view of the numerous explosions attributed to phantom Boko-Haram, one at Eagle square on the 50th Independence anniversary and others at United Nations Headquarters, Nigeria Police Force Headquarters, ThisDay offices etc. and terrorist attack at SSS Headquarter since the administration did declare such on Adamawa State where there was not a single incident of explosion! Perhaps this would happen soon; the absurdity of the administration’s conflict resolution is such that it is wise for Nigerians and foreigners residing in Abuja to braze up for a Declaration of a State of Emergency on Abuja in view of another carnage there at Nyanya District a few days ago! God help us! We seem to be led by a bunch of ‘HuHun-ma-ahun’ (courtesy of Kwankwasiyya which is being led by the one and only Dan Musa who was the former Minister of Defence)
Let me say, on the final note, with all seriousness that each and every one of us whatever is our religious or ethnic background and regardless of where we were born, needs this country, Nigeria, for self-actualisation and greater possibility. The various ethnic groups too by their individual traits require the space and the great population of this country; such ethnic group as Fulani, who are nomadic by vocation, require pasture and grains for their cattle; the Hausa and Igbos require further reach to fulfil their commercial ambition; some other Nigerians e.g. Yorubas require higher job opportunities for employment and profits that should exist in a united Nigeria; the aristocratic Kanuri/Shuwa who are presently under siege need the vocal amongst us to save them from further destruction by deliberately recruited murderers embedded in our traditional Defence and Security forces/organisation; and other groups would like expanding markets for their yams (the Tiv/Munci) and other farm produce far beyond the boundaries of their domains. Quite a number of us should simply be happy to have an erosion-free area where we could build houses and offices of our desire and enjoy the liberty to partner with persons of our choice regardless of primordial divides! Even my father who by today’s standard could be said to be untutored fully realised the need to seize the opportunities a greater Nigeria offered him from the 1920s. His cattle business and commercial activities were spread to all the big towns in Eastern Nigeria operating from Adamawa and northern Cameroon. So let us please sort ourselves out and stop at all levels wicked leaders from venting their evil hearts and committing genocide against fellow Nigerians. We must not ‘walk together’ with the evil-few especially those located in Abuja. Our late sage, Chief Obafemi Awolowo once said something to the effect that the consequences of breaking up of Nigeria would be too traumatic to even be contemplated. We all should therefore perish the thought of Nigeria falling apart. Let’s enjoy the opportunities Nigeria offers to all!
Fellow good people of Nigeria, we must now seek the intervention of the international community, NGOs and all to save us from the evil before us! Mother Nigeria, the leader of the Black race, is on the verge of disaster. The matter concerns all of us; we must save it and save ourselves!
Fellow Governors and Citizens of the North, we must face the daunting challenges of security and development before us; we must face them squarely and must not remain dormant. In addition to the aforementioned courses of action, should we not, after due consultation with the families of the victims of the atrocities and appropriate members of various communities, consider a declaration of Northern Nigerian Amnesty to the culprits and consequently squarely address all other matters connected with the Amnesty and Boko-Haram syndrome? It is my sincere opinion that the Federal administration has no plan and Exit strategy for the Boko-Haram disaster! Northern Nigeria is on its own. I am glad to state categorically that so far there has never been a single Adamawa person caught involving himself/herself in Boko-Haram; we have ensured that we have been doing everything possible to reduce the poverty and the frustration facing the youths in our State. Furthermore, let us all pledge to support maximally all those who have been adversely affected by ‘Boko-Haram’ to sue the Federal administration to Court for full compensation for any loss of life and property as per existing Laws of Nigeria including those enacted from 1915. Enough of impunity and induced calamity by the Federal Administration. We should in addition launch a Trust Fund to effect this with donations coming from all and sundry however big or small is the donation.
May the Almighty Bless our Country and our effort with success, Ameen!
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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