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OPINION: Is This The Renewed Hope Nigerians Subscribed To?

By Richard Asoge
In anticipation to get the economy fixed for growth and development after some years of cankerworm, corruption and leakages, Nigerians came out putting aside propaganda on Saturday, February 25th, 2023 and voted relatively for the presidential candidate of All Progressive Party (APC), Bola Tinubu. The support he got from the people was not unconnected to the way he had built bridges among people of different culture, religion and ethnic groups, how he remodel Lagos during his tenure as governor between 1999 and 2007 and most importantly, how his political wizardry will turn the fortune of the country for good if eventually elected president.
The declaration of ‘subsidy is gone’ in the inaugural speech on May 29th, 2023 by President Bola Tinubu may be a landmark decision considering what had happened in the past in the oil sector but the policy effect thereafter was weighty. Nobody ever thought it can go so deep and far this way before the desired results will be achieved or that the policy effect will be evaluated after some weeks of implementation to consider initiating another policy to absorb, to some extent, the negative effect of the sudden and total subsidy removal on petrol but this was not really so.
While grappling with the effect of the fuel subsidy removal, within two weeks, unification of exchange rate took its stand. Of course, no right-thinking Nigerian having the knowledge of how very few but connected ones were eaten fat from the common patrimony of the nation which persistently made the foreign reserve to nosedive would oppose the unification of exchange rate. The twin effects of the fuel subsidy removal and exchange rate unification with insecurity without another policy measure within three or six months to crowd-out these effects brought us to this ugly situation we find ourself today.
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We have never had it so high and rapid as far as inflation is concerned in the last 28years. Going by what National Bureau of Statistics published for May 2024 (year on year basis), inflation is 33.95 percent. Breaking it down further into components, food was the most dreaded among them with 40.66 percent on a year on year basis. Agricultural produce is fast declining as a result of insecurity in the hinterland and tropical forests. To make things worse, the current generation of youth do not see faming as a vocation worthy of practicing but spending productive hours on social media.
There is a strong connection between diet and illness. The more nutritious your food is, the higher the immune system to resist any sickness. The current outbreak of cholera in most of the states is traceable to consumption of junks. Average income of individual is far below what can keep life together. Naira has lost its purchasing power and has led many to consume half rotten if not totally rotten foods. Hunger reflects on the faces of individual with no end in sight. An hungry man is an angry man, goes an African proverb. Poverty is getting wider. Only God knows the current position Nigeria occupies among hunger nations. In 2023 it ranked 109 of the 125 selected countries with 28.3percent in the hunger index.
One of the things highlighted to bring relieve to commuters was conversion of vehicles to Compressed Natural Gas (CNG) type. How many vehicles have been successfully converted to CNG? and what is the ratio to the population of vehicles? One year has gone now with no significant success in the conversion ratio to the 2027 target.
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Before oil dominated the structure of Nigeria economy, internal factors determined prices of goods and services and not external factors like exchange rate. Recently, crypto currency and related activities joined the external factors. The more an economy is linked to foreign transaction for survival, the higher the risk politically, socially and economically. Believing and placing our local goods and services above foreign ones is a sure cure.
To fight hunger and bring down the foods’ prices, real action of all is needed. Ministry of Agriculture or Departments related to agriculture across the tiers of government must practice agriculture in full scale. Local government, been the closest to the people, must practice farming as their leading business ventures. For those that may not have land to practice, it is not bad to have memorandum of understanding with the neighboring local government or state. In year 2016, Lagos State followed that path during the tenure of Akinwumi Ambode as governor by having an arrangement with Kebbi State under the leadership of Atiku Bagudu in the production of rice branded as ‘Lake Rice’. Other states or entity can copy such model and fine tune it if needed and bring something good out of it. No state is idle without having comparative advantage in one area over others. Continuity of policy is our greatest enemy. Lake Rice production only lasted for six years and nothing of such is heard thereafter.
Now that the revenue of various tiers of government has substantially increased, it shouldn’t be an avenue for political office holders to increase their entitlements at the expense of majority whose activities generated the revenue but opportunity to close deficit gaps of basic infrastructure. This takes me to the new minimum wage being negotiated between Federal Government and Nigeria Labour Congress with other concerned parties. N62,000 been offered as minimum wage by Federal Government or N100,000 been canvassed for by many analysts shouldn’t be the primary concern of most Nigerians but the sustainability and the value of every naira in the market place. if N100,000 or more is sealed and gazette today as new minimum wage but only to realize after two months that $1 goes for N4,000 and every other price of local items assumes exponential rise including items that do not have any foreign input, will it make economic sense? Definitely, none. Another negotiation may not come up until five years. This is why price stability should be a serious concern.
Hope of average Nigerian is renewed when there is food on the table and price stability is ensured.
Richard Asoge
08081492614
chards001@gmail.com
Headline
FG Summons S. African Envoy Over Rising Xenophobic Attacks On Nigerians

The Federal Government has summoned the Acting High Commissioner of South Africa in Abuja over renewed concerns about xenophobic attacks and protests targeting foreign nationals, including Nigerians, living in that country.
The Ministry of Foreign Affairs said the envoy is expected at its headquarters on Monday, May 4, 2026, for a high-level engagement aimed at addressing the growing tension and safeguarding bilateral relations between both countries.
In a statement issued on Sunday, the spokesperson for the Ministry, Kimiebi Ebienfa, said Nigeria would formally express its “profound concern” over recent developments in South Africa, particularly reports of harassment, violence, and destruction of property belonging to foreign nationals.
According to the ministry, the meeting will focus on ongoing demonstrations by various groups in South Africa and documented cases of attacks on Nigerians and their businesses in parts of the country.
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“The objective of this engagement is to formally convey the Nigerian Government’s profound concern regarding recent events that have the potential to impact the established cordial relations between Nigeria and South Africa,” the statement read.
It added that discussions would also address ongoing demonstrations by various groups within South Africa and documented instances of mistreatment of Nigerian citizens and attacks on their businesses.
The ministry acknowledged growing anger among Nigerians over reports of xenophobic violence but urged restraint, stressing that diplomatic engagement remained the preferred channel for resolution.
It assured Nigerians that the Federal Government was actively engaging South African authorities to ensure the protection of its citizens abroad.
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“The Ministry is aware of the growing discontent among Nigerians concerning the treatment of their nationals in South Africa. Nevertheless, it implores the Nigerian public to remain calm and reiterates the Federal Government’s commitment to protecting the rights and well-being of Nigerian citizens residing in South Africa,” the statement added.
The latest diplomatic move comes amid renewed reports of xenophobic tensions in parts of South Africa, where foreign-owned businesses have occasionally been targeted during protests linked to unemployment and economic hardship.
South Africa has a history of xenophobic violence dating back to 2008, with subsequent flare-ups in 2015 and 2019, when mobs attacked migrants, looted shops, and displaced thousands of foreign nationals across several provinces.
In past incidents, Nigerians and other African nationals were among those affected, prompting strong diplomatic reactions from Abuja and calls for stronger protection of foreign communities.
While South African authorities have repeatedly condemned such attacks and deployed security forces to restore order during outbreaks of violence, concerns have persisted over recurring hostility in some communities.
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Mississippi Man ‘Kills Mother, Flushes Her Remains Down Toilet’

A 29-year-old Mississippi man, Zachary Lavel Jackson Jr., has been charged with multiple offences, including first-degree murder, over the death of his mother, Lana Brown Bradley, after deputies responded to her Natchez home on April 4 following a missing person report from relatives.
The Adams County Sheriff’s Office said deputies were called to Bradley’s residence after her oldest son was unable to reach her the previous day.
Jackson was initially identified as a family member before investigators confirmed he was her son.
Sheriff Travis Patten described the case as deeply disturbing.“This is by far the most heinous crime that I’ve ever witnessed in my entire life. We weren’t out there that day; this was one of those things when we walked up.
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“This was one of those cases that you will never, ever forget in your life. This is the type of case that follows you home,” Patten told WJTV.
According to the sheriff, deputies noticed signs of a recent cleanup when they arrived at the home.
“As soon as they walked in the house, they could just see where somebody had been cleaning up, and they could smell chemicals all throughout the house.
“Floor was extremely slippery. And the older son said that this is just unusual for the youngest son to be cleaning up the house like that,” Patten explained.
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Jackson, the youngest son, was found in a bathroom, where deputies allegedly made a discovery that became central to the investigation.
“I can say what was in the toilet, and it was her flesh. He chopped her up in pieces and dismembered her in a way that whoever came looking for her would have to do their due diligence to find her, and that’s just what we did,” the sheriff said.
Authorities said Jackson allegedly placed parts of his mother’s body in a suitcase and attempted to dispose of other remains.
Jackson faces charges of first-degree murder, second-degree murder, mayhem and tampering with evidence.
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Investigators said Bradley, a retired teacher, had recently sought to evict her son from the home. Patten, citing family interviews, said Jackson was believed to be mentally unstable but also noted that his actions appeared deliberate.
“He had threatened her the day before because she was looking to have him evicted from the home.
“She was in the process of doing so and had just gone to court the day before to have him removed from the home,” Patten explained.
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Iran Says War With US May Resume As Trump Rejects Proposal

Iran’s military has warned that the war with the United States and Israel could resume, declaring that it is fully prepared for any renewed confrontation as tensions between the sides continue to deepen.
In a statement reported by Iranian state-affiliated media, senior military officials said a return to hostilities is “likely”, citing what they described as Washington’s lack of commitment to previous agreements and negotiations.
The warning comes after US President Donald Trump expressed dissatisfaction with Iran’s latest peace proposal, saying the terms presented by Tehran included demands he “can’t agree to”.
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According to officials in Tehran, Iran believes it showed flexibility during earlier negotiations, including talks held in Islamabad and during the ceasefire period. However, authorities argue that the United States has instead taken a tougher stance, widening the gap between both sides.
Iranian officials insist that key issues such as sanctions relief and the status of the Strait of Hormuz must be resolved before any broader agreement, including discussions around its nuclear programme, can progress. They also reject what they describe as US demands amounting to “surrender”.
The growing diplomatic deadlock has raised fears that another round of fighting may be imminent, with Iranian authorities indicating that preparations are already underway.
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Meanwhile, the prolonged conflict continues to have far-reaching consequences within Iran. Internet monitoring group NetBlocks reports that the country has entered its 64th day of near-total internet disruption, effectively isolating it from global online networks.
The shutdown, which began after renewed anti-government protests earlier in the year and intensified following the outbreak of the war, has significantly disrupted businesses and livelihoods across the country.
Beyond Iran, the conflict is also reshaping global dynamics. Rising oil prices linked to the war have placed pressure on international markets, while geopolitical tensions have strained alliances, including between the United States and European partners.
As both sides remain far apart on key issues, analysts warn that without a breakthrough in negotiations, the fragile pause in fighting could collapse, paving the way for renewed military escalation in the region.
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