News

OPINION: Nigeria Does Not Need A Nationwide Protest Now

Published

2 years ago

July 29, 2024

By Dennis Otuaro

Peaceful demonstrations to convey felt needs are rights enshrined in our nation’s constitution, which also highlights ways and means by which such rights and dissents are disposed.

But are protests and demonstrations necessary at the time our national ecosystem is recovering from a grievous pandemic and the worst economic crisis since the great depression? I profoundly, with all sense of responsibility, do not think so.

In the apparently challenging circumstances this nation finds itself as it tackles headlong the triggers left unattended to in its 25 years of democratic practices, you would agree with me, that it is only germane that the present structural reforms put in place by the federal government, together with its many cushioning interventions are just the only way to get this nation out of the wood.

When the mandate to govern this nation was given to the President Bola Ahmed Tinubu, you could recall he took it as a honor of a lifetime to serve in that capacity and immediately went to work to rebuild this county. We have as a result seen historic progress made in the area of clearing $16b about (18%) from the nations external debt, added $4b to the nations external reserves, cleared all forests backlogs owed to foreign airline operators, started the path to full local government autonomy to bring decision making closer to the people, the most essential victory of which was got at the Supreme Court, students loan to federal and state universities, and reliefs emergencies in liquidity and palliatives sent through the subnational governments in line with the federation principles.

Closing these yawning gaps together with the emergencies declared on oil and gas sectors where this government continues to bear the cost of variations in the unsteady fluctuations in the price of crude and its refined components, are critical to address balance of trade deficits, low manufacturing and production, producing to meet domestic demands, and decentralised aggregation and production network of small medium enterprises, which could mean the nation would earn forex and tax to pay back FG loans to meet capital and recurrent expenditures.

Given these strides and the almost visible signs of turning from the headwinds, I consider that the present attempt by the conveners of the August 1st protest to want to go ahead with their planned protest would be premature, counter productive, distractive and disuasive

Let’s not lose sight of the fact that there are persons who when they look at Nigeria in its present path to economic recovery, what they see is carnage, despair and darkness. They spread fears and lies for profit and power. They daily pray that this government fail to justify their misplaced idiosyncrasies and the concomitant effect is the avoidable gaps where they take advantage of the short term difficulties to create artificial scarcity, price gouging, food and double digit inflation. They only seek to use our people to fund their plot having failed in previous successive attempt to destabilise the federal government.

There is the hope however that governmental interventions would slice through the double digit and food inflation and provide more abundant life for the teeming number of our citizenry.

Be that as it may, We can’t soon forget how previous unhealthy demonstrations were hijacked and used to perpetrate unrest, properties worth billions of naira were destroyed, prison breaks became normative and very dangerous criminals were let back into society who soon became rapists, car jackers, kidnappers and killers. They foist back on society the very issues the present protest hope to achieve.

It is in this regard that I use this medium, as the Administrator of the Presidential Amnesty Programme (PAP) to appeal to all ex-agitators not to be part of any protests, and not to allow themselves to be used to settle political scores or be used to unleash destruction of government infrastructure.

In closing, I remember the words of the third century Greek philosopher Sextus Empiricus who said, “The mills of God grinds slow, but they grind exceedingly sure.”

Taken from this, Let me say no radical surgery to remove a malignant tumor is pleasant ab initio, but once it is removed, it automatically impacts the quality of life of the index case.

This should provide a renewed source of hope for us as we look forward to a greater, bigger, and better Nigeria

Dr Otuaro, the Administrator of the Presidential Amnesty Programme writes from Abuja

News

Six Corps Members Receive N10m Grants To Boost Agribusiness

Published

1 day ago

September 22, 2026

Editor

Six members of the National Youth Service Corps (NYSC) have received a total of N10 million in grants to expand their agribusiness ventures under the Farmers for the Future Programme.

The programme was organised on Monday by the British American Tobacco Nigeria Foundation (BATNF) in collaboration with the NYSC to encourage young Nigerians to embrace agriculture and develop sustainable businesses.

Presenting the cheques to the beneficiaries in Abuja, the NYSC Director-General, Brigadier General Olakunle Nafiu, urged Corps members to maximise the opportunities provided by the service year by venturing into commodity marketing and other viable businesses.

Nafiu said agribusiness remained a viable avenue for young people to build sustainable enterprises, create employment and generate wealth.

He also stressed the importance of value addition to the success and sustainability of business ventures, while commending BATNF for placing Nigerian youths at the centre of its entrepreneurship initiatives through value-chain development, employment creation and its partnership with the NYSC.

“I charge you to spread the news around. We have seen the outcome, and it is a good idea,” he said.

The beneficiaries are Dominic Olufemi (FC/25C/1143), who received N3 million; Temitope Adewole (ED/26A/2251), N2 million; Abdulwaheed Bala (ED/25B/1402), N2 million; Olanike Mayungbe (OG/26B/1037), N1 million; Kingsley Udoeyen (KG/26A/1735), N1 million; and Lorember Lorsue (JG/25B/1742), N1 million.

Speaking on the selection process, the Acting Director, Skills Acquisition and Entrepreneurship Development (SAED), Mrs Winifred Shopeka, said the programme began with an online registration portal through which Corps Members engaged in agribusiness submitted their business plans.

She said nearly 3,000 Corps members applied and underwent a rigorous selection process that produced 20 finalists.

According to her, the finalists participated in a boot camp and a final pitching session, which produced the 10 best presenters before the six ultimate winners were selected.

Shopeka said the beneficiaries had also been mentored and attached to established market operators to assist them in marketing their products.

She added that Corps Members who did not make the final stage of the competition were also trained by BATNF.

The BATNF Team Lead, Mr Oludare Odusanya, congratulated the beneficiaries and urged Corps Members engaged in agribusiness to master the fundamentals and acquire the knowledge and skills necessary to succeed.

“We are happy with our collaboration with the NYSC, and it will continue,” he said.

Odusanya explained that BATNF was an independent organisation established to contribute to poverty reduction in Nigeria through sustainable agricultural practices and other interventions.

He said the Farmers for the Future Programme was instituted in collaboration with the NYSC to encourage Corps Members to venture into agribusiness and become job creators.

He added that the beneficiaries would be attached to mentors who would guide them towards achieving success in their respective businesses.

According to him, the programme has, since its inception, continued to enhance the entrepreneurial capacity of Corps Members.

News

CBN Reduces Interest Rate To 23%

Published

1 day ago

September 22, 2026

Editor

The Central Bank of Nigeria (CBN) on Tuesday announced the reduction of the interest rate, also known as Monetary Policy Rate (MPR) to 23 percent.

Briefing the media in Abuja, the Governor of the CBN, Mr. Olayemi Cardoso, said at the 307th MPC meeting held on September 22, 2026 agreed the resetting of the MPR and recaliberation of the monetary policy market.

According to Cardoso, the committe is satisfied with the disinflation progress, adding that members noted stable banking sector following successful recapitalisation.

Meanwhile, according to Nigerian Tribune, reports that that the MPC, at its 306th meeting in July 2026, disclosed its resolution to retain the interets at 26.5 percent.

According to the Governor of the CBN, Olayemi Cardoso, “the Committee’s decision to maintain the current policy stance followed a thorough assessment of the balance of risks. Although headline inflation moderated marginally in June 2026, global uncertainties have heightened, due mainly to the renewed hostilities in the Middle East.

“In view of the evolving developments, maintaining a cautious monetary policy stance remains appropriate. In arriving at its decision, the Committee noted the recent resurgence of hostilities in the Middle East, with particular attention to its spillover effects on global energy prices and the potential pass-through to domestic inflation.”

News

NURTW: KWAM1 Settles Long-time Rift Between MC Oluomo, Tafa Sego

Published

1 day ago

September 22, 2026

Editor

Nigerian Fuji musician, Wasiu Ayinde Marshal, popularly known as KWAM1, has brokered a peace deal between the National Union of Road Transport Workers (NURTW) National President, Musiliu Akinsanya, popularly known as MC Oluomo, and the Lagos State Chairman of the union, Mustapha Adekunle, aka Tafa Sego.

The reconciliation took place at Ojusagbola in Ijebu, Ogun State, where several NURTW chieftains gathered for the meeting.

The development was announced on Tuesday on KWAM1’s digital media page on Instagram, alongside photographs from the meeting.

According to the post, the two union leaders have resolved their differences after years of strained relations.

“After years of an age-long rift, MC Oluomo and Tafa Sego have finally settled their differences. And from what we know now, this is final,” the post said.

The musician was said to have intervened as the Mayegun of Yorubaland, with the aim of bringing an end to the longstanding disagreement between the two NURTW figures.

“K1 acted in his role as the Mayegun of Yorubaland by seeking an end to the long-standing rift, once and for all,” it said.

The post also described the meeting as a significant step beyond previous public displays of reconciliation.

“This time, it was not just another handshake for the cameras. The two old friends and colleagues came together at Ojusagbola, with King Wasiu Ayinde Marshal (K1) playing the peacemaker.”

Both MC Oluomo and Tafa Sego were reported to be pleased with the outcome of the intervention.

“Both parties are delighted about the new development,” the post said.

The two men had previously been allies and prominent figures within the Lagos NURTW before their relationship became strained amid disagreements linked to leadership of the union in the state.