The incumbent President of Nigeria, Goodluck Jonathan has declared his intention to run for a second term in office on the platform of the Peoples Democratic Party (PDP).
Jonathan made the declaration at the Eagles Square, Abuja, Nigeria’s capital city on Tuesday. While giving the declaration speech, the president promised that his government would continue to place priority on the fight against terror, assuring that he would equip the military to ensure that the Chibok girls are freed.
He decried the bombing of a school assembly that occurred in Potiskum, Yobe State on Monday which claimed the lives of more than 40 pupils. He revealed that 60million naira has been set aside for the rehabilitation of victims of terror in the north east part of the country.
While speaking to the crowd of supporters at the Eagle Square, Jonathan reminded Nigerians that that under his watch as president the nation’s economy has been repositioned.
He pointed to the reforms in the power sector as one of his main achievements, saying progress is still been made in the sector and Nigeria remains on the firm path of achieving regular power supply.
He promised on behalf of himself and his party that if he is elected, Nigerian can always be assured of quality administration.
Full text of the declaration speech read:
Address by His Excellency, President Goodluck Ebele Jonathan, GCFR
On the Occasion of His Declaration of Intent to Run for the 2015 Presidential Elections under the Platform of the Peoples Democratic Party (PDP)
Eagle Square, Abuja
Tuesday 11th November, 2014
Dear Compatriots:
1. Four years ago, precisely September 18, 2010; I stood in this Eagle Square, to offer myself for election as the President of our beloved country on the platform of our great party; the Peoples Democratic Party (PDP).
2.Seven months after that declaration, you elected me to lead this country with overwhelming support from all parts of our Nation. I remain grateful for the trust you reposed in me to lead our Nation through uncommon challenges in our march of progress as a united and democratic country.
3. Over the years, the Almighty God has made it possible for me to develop a bond with you and I am grateful for your support and understanding in the difficult periods we have journeyed through.
4. Distinguished ladies and gentlemen, our stewardship has not been without challenges. We have had to deal with the wave of insurgency that has swept through some parts of our dear country. Only yesterday, Government Science Secondary School in Yobe State was bombed by insurgents, killing our promising young children who were seeking education to build the country and support their parents. Many Nigerians have lost their lives and property to these mindless killings. Let me crave the indulgence of all present here to stand up to observe a minutes silence in honour of these young lads who lost their lives. Clearly, this has cast a dark cloud on our Nation but we will surely win the war against terror. A number of young men and women have been kidnapped by these criminal elements including our daughters from Chibok. We will free our daughters and defeat terror.
5. We are equipping the armed forces and deploying special forces to engage the terrorist and end this senseless war. We must protect our country. We must save our people. I will do everything humanly possible to end this criminal violence in our Nation.
6.To ensure the long term stability and development of the affected areas, government has launched three programmes: The Presidential Initiative for the North East, the Victim Support Fund and the Safe School Initiative. The Presidential Initiative for the Northeast is focused on improving infrastructure and economic growth in the region. The Safe School Initiative is centred on creating a safe environment to encourage our children in the communities to acquire education. The Victim Support Fund, a partnership with the Private Sector, has raised about 60 billion Naira, which will help to empower and rehabilitate victims of terror. I promise the victims of these dastardly acts that we will continue to stand with you.
7. I am grateful to all Nigerians for standing with us.
8. Let me also thank the leaders and elders of our great party, the Peoples Democratic Party, for the opportunity you have given to me to serve our country, Nigeria.
9. I am overwhelmed by the trust, confidence and support of the various organs of our party, the Board of Trustees, the National Caucus, the National Executive Committee, the National Working Committee, the PDP Governors Forum, members of the PDP Caucuses of the National Assembly, and others.
10. This day affords me the opportunity to continue the conversation of development we started together. We must develop our country.
11. Infrastructure has been a major focus area of my administration and so, we pursued the power sector reform to this point of irreversible progress. Nigeria has undertaken a most transparent and corruption-free bidding process, attracting global commendation. The on-going 450MW Azura Power Plant in Edo State is a testimony to the success of this transformation.
12. We have also resumed development of our Hydro-Power potential, with the construction of the 700MW Zungeru Hydro-Power Plant, while construction work on the 3,050MW Mambilla Hydro-Power Plant is about to take off.
13. Our power generation and distribution companies have now been privatized. We are firmly on the road to guaranteed regular power supply in the months ahead. This our bold move, is paying off!
14. We are committed to environmental protection and conservation and reducing vulnerability to climate change. In this regard, we have embarked on a number of projects across the country. Of particular note is the African Great Green Wall Programmed, where we have released about 16 billion naira for implementation. The project will create a green belt across 11 states from Kebbi to Borno.
15. In the past three and half years, the water sector has witnessed unprecedented improvement. Access to potable water is now 67%, up from 58% in 2010, while sanitation coverage is 41%, from 32% within the same period.
16. Major developments in water include the completion of 37 Dams and rehabilitation of 10, with several others under-going construction. The flagship Kashimbila Multipurpose Dam which is being built to contain flood from Lake Nyos in Cameroon, is now at 90% completion. We have also completed about 5,000 rural and semi urban water schemes.
17. We are reforming the National Urban Water supply programmes in 12 states, with 385 formal and informal irrigation projects, covering a total land area of 118,000 hectares, cultivated mostly by small holder farmers. This has yielded over 3 million metric tons of assorted grains and vegetables, with a market value of about 45 billion naira
18. Before the advent of this administration, the Railway system was practically dead. Today, we have revived the rail sector. The narrow gauge line from Lagos to Kano has been rehabilitated with improved coaches providing regular services. The rehabilitation of the Port Harcourt-Maiduguri rail line is progressing with the Port Harcourt-Gombe segment as well as the branch line from Kafanchan to Kaduna expected to be completed and fully operational by December 2014.
19.Already, work on the Abuja-Kaduna standard gauge rail line, is progressing. The tracks of the rail line will be completed by December this year 2014. Upon completion of the project in the first quarter of 2015, it will be possible for Nigerians to live in Kaduna and work in Abuja. The Itakpe-Ajaokuta-Warri standard gauge line has attained an advanced stage, with the track completely laid. We hope to commence full operation before the end of 2015.
20. Other segments of the new standard gauge speed train network are planned, with contract already awarded for the Lagos –Ibadan Segment. There will be more of such modern and faster rail connections in the coming years. Already, discussions are now at advanced stage, for the Coastal rail line that will traverse through 10 states, from Lagos through the South-South and South-East, all the way to Calabar.
21. My administration has successfully completed the dredging of the lower River Niger from Baro in Niger State to Warri in Delta State. The cheering news is that over 6.7 million passengers and over 1.6 million tonnes of cargo have been moved through this channel in less than three years.
22. I am happy to also report that our ports now operate 24 hours service, which has led to the reduction of clearing time and improved efficiency.
23. When I assumed office in 2010, out of the 35,000km of federal roads nationwide, only about 5,000km were motorable. Today, that number has increased to about 25,000km. We expect to complete the remaining 10,000km in three years while initiating new ones.
24. I made a commitment to build two new major bridges across the River Niger and River Benue. Today, the new bridge over the River Benue, connecting Loko in Nassarawa State to Oweto in Benue State has reached an advanced stage of completion, while work has commenced on the Second Niger Bridge.
25.Beyond these, my administration has concluded plans to re-commence the construction of Bodo-Bonny Road with three major bridges on the alignment that will link the Island of Bonny with Rivers mainland.
26.Preliminary works have started on my administration’s planned re-construction and expansion of the Murtala Muhammed International Airport Road in Lagos to a world class entry point into our country. Only a few months ago, work started on the dualization of Kano-Katsina Road. While many Nigerians are celebrating the marked improvements on our roads, I want to assure that it will get even better as we move forward.
27.In the pursuit of an integrated transportation system, we embarked on the construction of five new Airport Terminal Buildings and Air-field facilities. We are also re-constructing existing ones. The re-construction upon completion, will lead to improved passenger processing, increased cargo handling capacity and enhanced Air-field facilities that meet international standards and improves safety. These efforts have been met with global acknowledgement including the attainment and retention of the FAA Category One status.
28.In housing, we signed the National Housing Policy to kick-start the framework for providing more affordable homes for our people. We have also expanded the National Housing Fund to accommodate more Nigerians. We have started a revolution in the housing sector with the start of the Nigerian Mortgage and Refinanced Company (NMRC), a new initiative of my administration, that will enable more citizens in the lower income bracket to become first time home owners.
29.Our partners such as the World Bank group are supporting this with US300million dollars interest free credit, while my administration will back it with over 100billion naira in bonds. We are already processing 66,000 mortgage applications for our young people. We have amended the PENCOM Act to enable the pension funds invest in housing sector bonds. This will create a boom in the housing sector.
30.In the Federal Capital Territory, we are rapidly building a befitting National Capital by expanding and providing new infrastructure, developing ten new districts and Satellite Towns to cater for the ever increasing population. In no distant future, you will be able to arrive at the Nnamdi Azikiwe International Airport and proceed to the city using the Abuja Light Rail. In addition to providing durable health, educational and transportation services, we are also collaborating with Organized Labour to build functional, affordable and social housing in Abuja.
31.Other critical capital developments that are being packaged by this Administration include the development of the Ultra-Modern World Trade Centre, the Abuja Town Centre, the Jabi Lake Comprehensive Centre, the Centenary City and the Land Swap Districts. This private sector driven infrastructural development will positively change the skyline of the city and provide the required office and residential accommodation, shopping and recreation as well as tourism and entertainment facilities in the FCT.
32. In our determination to encourage much greater participation of Nigerians in the oil and gas industry, one of the first actions I took, was the enactment of the Nigerian Oil and Gas Industry Content Development Act. As a result of this law, indigenous Nigerian participation levels, in upstream and downstream activities of the oil and gas industry have increased by over 45%, thereby increasing employment opportunities for our youth.
33. We have also succeeded in eliminating the long queues that previously characterised our filling stations, through regular and sustained product supply.
34. Gas infrastructure to ensure adequate Gas to Power and Gas to Industry, is being aggressively put in place. Over 450km of gas pipelines have been installed over the last 3years. Another 2,000km is planned over the next 4years. Critical petrochemical and fertilizer facilities have commenced including the gas industrial park in Delta State, for which I am scheduled to perform the ground-breaking ceremony this Friday. This will create millions of jobs and make Nigeria a regional hub.
35. In addition, as a result of government’s favourable policies the private sector is investing over 12 billion dollars in the petrochemical sector, over the next 4years. This will surely create millions of jobs for our people.
36. In terms of gas supply, we have grown from less than 500 million cubic feet per day, 4years ago, to about 1.5 billion cubic feet per day currently. Our goal is to attain 4 billion cubic feet per day, over the next 4years.
37. We have changed the face of agriculture. We moved agriculture away from a development Programme to agriculture as a business. My vision is to create wealth for our people through agriculture.
38. We have focused on encouraging the private sector to boost investments in the agricultural sector. As a result, the number of seed companies rose from five to eighty in the past three years. Private sector investment in the agricultural sector expanded by $ US 5.6 billion across the Agricultural value chain.
39. We ended decades of corruption in the fertilizer and seed sectors. We developed a transparent and efficient system of reaching farmers directly with subsidized farm inputs. Before our reforms, fertilizer procurement and distribution took from the needy and gave to the greedy. We restored dignity back to farmers. Today, 14 million farmers, of which 2 million are women, access fertilizers with their mobile phones, through an e-wallet system. Nigeria is the first country in the world to develop an e-wallet system to reach farmers with subsidized farm inputs on their mobile phones. Several African countries are now borrowing this transparent and efficient e-wallet system for their own countries.
40. Our national food production expanded by an additional 21 million metric tons between 2011 and 2014, a record, exceeding our set target of 20 million metric tons set for 2015. The Dangote Group, has committed to invest $US 1 billion in commercial rice production and processing. With all these developments, we are expected to be an exporter of rice in the next five years. This will be a new dawn!
41. The benefits are showing on our food imports. Our food import bill has declined from 1.1 trillion Naira in 2009 to 684 billion Naira by December 2013, even with our increasing population, a reduction of 40%.
42. Nigeria met its Millennium Development Goal One on reducing hunger and extreme poverty, two years ahead of the 2015 target set by the United Nations, and was given an award by the Food and Agriculture Organization of the United Nations.
43.To sustain this trend, we are encouraging young graduates through the Nagropreneurs Programme to go into commercial Agriculture. We are also encouraging our students in Post Primary Schools to embrace commercial Agriculture through the National School Agriculture Programme.
44.My dear people, corruption remains a big challenge in our national life. It corrodes our efforts at development and at motivating competence in critical sectors of our national growth. We have eradicated it in the agricultural sector and we will surely eradicate it in other sectors of our economy.
45.Going forward, my focus is to continue to reinforce institutions, systems, and processes to tackle corruption, and also to bring to justice those that perpetrate corruption. Through the Integrated Payroll and Personnel Information System (IPPIS), we have weeded out 56,000 ghost workers from the Federal Civil Service, saving 162 billion naira.
46.I have directed ICPC to bring the perpetrators of this criminal act to book. Let this be very clear, public officers must live by example, fully accounting for the national trust and resources in their care.
47.In our journey to progress, knowledge is indispensable. Knowledge is power! This is why my administration established 14 new Universities out of which 12 are conventional and two are specialized Police and Maritime Universities. Under my watch, every state in Nigeria, now has a Federal University.
48. In addition, over 500 billion naira has been spent, through the Tertiary Education Trust Fund (TETFund) and the special NEEDS assessment fund on various projects to increase access and improve the quality of infrastructure at the tertiary level of our education system.
49. To provide equal access and opportunities in education and ensure that no Nigerian child is left behind, we have established and equipped 150 Almajiri Schools across the Northern states and the Out-of-School-Children Programme including Specialized Boys and Girls Schools across the country.
50. Fellow Nigerians, our country was faced with a major National security, humanitarian, and economic threat in the form of the Ebola Virus Disease, which arrived in the country on July 20, 2014, by way of a foreign national, Mr Patrick Sawyer.
51. Realizing the imminent threat, I declared a national emergency, pulling states, local and federal government into action as well as individual Nigerians to combat this disease. Without the quick action of patriotic Nigerians at the First Consultants Hospital, as well as the co-operation of Lagos and Rivers States, where the disease occurred, working with the Federal Ministry of Health and the co-operation of all Nigerians we could not have succeeded in overcoming this deadly disease. Fellow Nigerians, we stopped Ebola together.
52. Just as we stopped Ebola, we are on our way to eradicating the Polio Virus in our country. We have reduced the incident of new Polio Virus from 300 in 2010, to 6 today.
53. My brothers and sisters, to encourage entrepreneurship and self-reliance among our teeming graduates, we have developed creative opportunities for enterprise for our young people.
54. Programmes such as YouWIN, the Graduate Internship Scheme, the Nagropreneurs Initiative, the 220 Billion Naira Micro, Small and Medium Enterprises Development Fund and the 3 Billion Naira Grant to Nollywood are empowering our graduates, the creative industry and other young people to start up their own businesses and employ others.
55. We have supported the growth of industry through policy and action. We launched The National industrial Revolution Plan (NIRP), and the National Enterprise Development Programme as key drivers to bring about our desires in the industrial sector and to diversify our economy. Our new National Automobile Policy is transforming Nigeria into a vibrant hub for the automobile industry. Our own Innoson Motors is producing world standard vehicles, and Nissan, Hyundai, and Kia, have set up factories in Nigeria and are employing thousands of our people.
56. Our support for cement production is unprecedented. We have increased our installed capacity from 16.5 million metric tons per annum in 2011 to 39.5 million metric tons per annum in 2014. Nigeria is now exporting cement. We are moving forward!
57. Our efforts to create an enabling environment for job creation in different sectors of the economy including the MSME sector, agriculture, housing and manufacturing have yielded results. Between the third quarter of 2012, when we started tracking jobs created and the end of 2013, 1.9 million jobs were created. To deepen our success in this area, I have created a Presidential Jobs Creation Board headed by the Vice President with the mandate to create at least two million jobs a year.
58. My brothers and sisters, our economy is heading in the right direction and our efforts are yielding positive results. Our economy continues to grow at the rate of 6 to 7 percent annually, one of the highest in the world. Our country is now the top investment destination and the largest economy in Africa, with a GDP of 80trillion naira (510billion dollars) as well as the 26th largest economy in the world.
59. As part of its efforts to support inclusive growth and economic development in Nigeria through the CBN, my administration has created and disbursed the sum of 200billion naira via the Commercial Agric and Credit scheme, 300billion naira Power and Aviation fund, 220billion naira Micro, Small and Medium Enterprise Fund, as well as 300 billion naira rail sector refinancing facilities at single digit interest rate. We will continue to deepen the reforms in the financial sector, in order to sustain the growth of our economy and uplift our people from poverty to prosperity.
60. Dear Compatriots, I promised as President, that we would sanitize and restore integrity in our electoral process, by ensuring that our votes are not only counted, but truly count. We have gone to great length to ensure transparent, free, fair, and credible elections. Elections have been conducted across the country with local and international election observers testifying to their transparency.
61. On the international scene, we have advanced our regional, continental and global objectives. We have strengthened our relationships with our neighbours and in many instances supported them to protect their democracy, security and stability. We are serving for a second time within a period of 4 years at the United Nations Security Council. This is unprecedented in our Nation’s history. My brothers and sisters, this is a growing attestation of our country’s growing influence.
62. In the first quarter of this year, our country celebrated its centenary. To prepare the nation for the challenges of the next one hundred years, I convened a National Conference where recommendations and resolutions were reached towards a more perfect union. We shall implement the report.
63. Four years ago, I made a commitment to advance the rise of womanhood. Today, I am glad that we have made remarkable progress in this regard, trusting in the potential of our women and reaping from their dedication and ingenuity. I believe that any nation that ignores womanhood cannot achieve its full potential. It is in this regard that I ensured that women were given more opportunities in government, and I have not been disappointed.
64. Specifically, I doubled the percentage of women in the cabinet and gave them more challenging assignments.
65. The Nigerian Defence Academy (NDA), is now admitting female cadets as regular combatants and it is now possible for a woman to rise through the ranks to the peak in military service, and become a full general.
66. We must continue to sustain the banner of freedom and justice that we have held high in our country. I am proud to say that there are no political prisoners in Nigeria today. No Nigerian has been driven into exile and no one will be, under my watch.
67. It is in furtherance of a peaceful, participatory and inclusive democracy that I signed the Freedom of Information (FOI) Bill into law, to expand the frontiers of our fundamental freedom.
68. Let me re-affirm that under a Jonathan Presidency, your views, no matter how freely expressed, will not send you to prison or into exile.
69. I am convinced that I have kept my pact with Nigerians, and it is now time to look to the future. With your tremendous support, we have collectively done so much in the last three and half years, but to take our country to the next level, there is still more to be done.
70. History has shown that the path of honour for any true leader is not to walk away from his people in moments of challenges. We must stand together in adversity and overcome all threats to our development. We must defend our future, for the sake of our children.
71. So many things have inspired me in the journey to this moment. I want to appreciate ordinary Nigerians, especially young people, for the solidarity shown to me by contributing their meagre resources to enable me arrive at this point.
72. I appreciate the kind gesture of the Cattle Breeders Union, Miyetti Allah, and the Market Women Association, who encouraged me by coming together to contribute to the purchase of my Nomination form.
73. In the same vein, I am touched by the National Association of Widows who also encouraged me with their widow’s mite.
74. This labour of love, from ordinary Nigerians, has increased my appreciation of your solidarity, my trust in our joint destiny, and all we have achieved together these past three and half years.
75. Therefore, after seeking the face of God, in quiet reflection with my family and having listened to the call of our people nationwide to run, I, Goodluck Ebele Azikiwe Jonathan, have accepted to re-present myself, on the platform of The Peoples’ Democratic Party, for re-election as the President of the Federal Republic of Nigeria, in the 2015 general elections.
76. Democracy is a collective action, energized by individual responsibility. Your mandate at this time will inspire in me the strength to complete the good work we have started together.
77. My dear people of Nigeria, we must complete the task of ensuring that we lift the poor out of the depth of want, and place their feet firmly on the ladder of prosperity.
78. In this election season, I appeal to all of you, not to harm, maim or kill; and not to incite violence of any kind. We must never forget our common bond, one people from the womb of one Nigeria. Again I say: My ambition to serve you is not worth the blood of any Nigerian. I remain committed to this principle of non-violence.
79. If you believe that we must build a country that works for all, where the strong lift up the weak, and not trample upon them, where the vote of every citizen determines who governs or represents you, where the democratic space is open to all citizens to fulfil their aspirations, irrespective of the circumstances of birth, your brother, Goodluck Ebele Azikiwe Jonathan stands ready to continue in service to you.
80. My brothers and sisters, we cannot go back to the old ways! Our railways were allowed to rot in neglect, we have revived and are modernising them.
81. Our road infrastructure collapsed. We are reconstructing, and expanding federal roads across the country.
82. Our airport terminal buildings were dilapidated and our airspace unsafe. We are fixing this.
83. Our agricultural practices did not benefit our farmers and our people. Fertilizer distribution was a major source of fraud and we were importing more food than our budget could support. Now we are on our way to self-sufficiency in food production.
84. We cannot go back to the old ways, where there were long queues at our filling stations due to irregular supply of products and our people were exploited.
85. We cannot go back to the old ways, when women and youths were denied opportunities in government and in responsible positions.
86. We had skewed distribution of tertiary institutions. Whereas some states had more than one degree awarding institution, some had none. We have now made sure all states have at least one Federal University.
87. Our economy is now the largest in Africa. Once, we were virtually importing everything, now we are exporting several products, including cement.
88. In 2009, average life expectancy was 47 years, by the end of 2013, it was 52 years. Some of our hospitals now perform open heart surgeries, kidney transplants and other challenging operations as we reposition our health service to end decades of medical tourism that drains our scarce resources.
89. Together, in unity, we overcame Ebola, and in the process demonstrated the strength of the Nigerian spirit. And together, united, we must maintain our vigilance.
90. We cannot go back to the old ways where individual freedoms were trampled upon and citizens were locked up for expressing their views or criticising government.
91. We must continue to have free and fair elections. We cannot go back to the era where ballot box snatching and stuffing became the norm. Where your votes never counted.
92. Certainly, we cannot!
93. We have to move forward! Only forward!!, my dear people, Forward!!!
94. In moving forward, I see a Nigeria that thirsts for progress with children across the nation, eager for knowledge and safely in schools!
95. I see a Nigeria where all who have taken up arms, would again embrace peace!
96. I see a Nigeria where our women can aspire to any heights, without hindrance!
97. I see a Nigeria where the flames in the Eagles will rekindle, and the Falcons will soar higher in victory!
98. I see a Nigeria where the children of Mustapha, and Christopher, Ade and Ada, Timi and Bunmi, Nnamdi and Namadi, do not go hungry!
99. I see a Nigeria where all, no matter their beliefs, live in peace and harmony!
100. I see a Nigeria where the green passport is accorded a royal reception the world over!
101. I see a Nigeria where one day the next generation will take us to outer space.
102. Distinguished ladies and gentlemen, leadership is about staying focused to achieve goals despite challenges. I have been faced with many challenges since coming to office as President. With your support and encouragement, we have stayed the course.
103. We are succeeding, against all odds. For the young Nigerian child, who grew up in the rural area, just like me, we are expanding opportunities and giving them hope. For the market woman, we are expanding opportunities. For our young entrepreneurs, we are expanding opportunities. For the right of our people to vote and for their voices to be heard, we are expanding opportunities. For Nigerians to have the right to free speech, we are expanding opportunities. For the job seekers, against all odds, we are expanding opportunities.
104. While serving our people, I will always ensure the rule of law. I do not intimidate, I expand the democratic space. I give voice to the voiceless and uphold the weak, for the nation belongs to us all. Fellow Nigerians, as we build our democracy, leaders must show temperance at all times. That is a virtue, one which I treasure, and will always uphold.
105. My people, Nigeria is destined for greatness. Today, here at Eagle Square, I say to Nigeria, that working together in love, in strength and in faith, we will build a nation of one people, united in purpose and in action.
106. Fellow Nigerians, it is forward ever! We must put our hopes to work! Together, we will realize our collective destiny.
107. Thank you.
108. God bless Nigeria.
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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