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OPINION: Nigerian Leaders And The Tragedy Of Sudden Riches

Published

3 weeks ago

October 8, 2025

By Israel Adebiyi

It is my sincere hope that by now, the wives of the 21 local government chairmen of Adamawa State are safely back from their exotic voyage to Istanbul, Turkey, a trip reportedly bankrolled by the local government finances under the umbrella of the Association of Local Governments of Nigeria (ALGON). A journey, we are told, designed to “empower” them with leadership skills. It’s the kind of irony that defines our political culture, an expensive parade of privilege masquerading as governance.

But that is what happens when providence smiles on an ill-prepared man: he loses every sense of decorum, perspective, and sanity.

I am reminded of a neighbour from nearly two decades ago, a simple man who earned his living as a welder in a bustling corner of Alagbado, in Lagos. One day, fortune smiled on him. The details of how it happened are less important than the aftermath. Overnight, this humble tradesman was thrust into wealth he never imagined. His first response was to remodel his one-room face-me-I-face-you apartment. He then bought crates of beverages for his wife to start a small trade. Nights became movie marathons, days were spent entertaining friends and living large. Within a short while, both the beverages and the money were gone. The family consumed what was meant to be sold, and before long, they were back to where they began, broke and disillusioned.

That, in many ways, mirrors the tragedy of Nigerian leadership. It’s the poverty mindset in leadership.

The story of my neighbour is a microcosm of the Nigerian political elite, particularly at the subnational level. When sudden riches come, wisdom departs. When opportunity presents itself, greed takes over. In the past years, since the removal of fuel subsidy and the subsequent fiscal windfall that followed, all levels of governments, particularly both state and local governments have found themselves with more resources than they have had in over a decade. Yet, rather than invest in ideas that would stimulate production, jobs, and infrastructure, what we have witnessed is an epidemic of frivolities, unnecessary travels, wasteful seminars, inflated projects, and reckless spending.

Across the country, the story is similar: councils and states spending like drunken sailors. Suddenly, workshops in Dubai, leadership retreats in Turkey, and empowerment programs that empower nobody have become the order of the day. The sad reality is that many of these leaders lack the intellectual depth, managerial capacity, and moral restraint to translate resources into development. Their worldview is transactional, not transformational.

Nigeria’s tragedy is not the absence of resources; it is the misplacement of priorities. Across the states, billions are allocated to vanity projects that contribute little or nothing to the people’s quality of life. Roads are constructed without drainages and collapse at the first rainfall. Hospitals are built without doctors, and schools are renovated without teachers. Governors commission streetlights in communities without power supply. Council chairmen purchase SUVs in towns where people still fetch water from muddy streams. This is not governance; it is pageantry.

The problem is rooted in a poverty mindset, a mentality that sees power not as a platform for service but as an opportunity for consumption. Like the welder who squandered his windfall, our leaders are more preoccupied with display than development. They seek validation through possessions and patronage. They confuse spending with productivity. After all, these guarantee their re-election and political relevance.

Take for instance, the proliferation of “empowerment” schemes across states and local governments. Millions are spent distributing grinding machines, hair dryers, and tricycles, symbolic gestures that make headlines but solve nothing. In a state where industrial capacity is non-existent and education is underfunded, these programs are nothing but political theatre.

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Part of the reason for this recurring tragedy is the near absence of accountability. At every level of government, public scrutiny has been deliberately weakened. The legislature, which should act as a check on executive excesses, has become a willing accomplice. Most state assemblies now function as mere extensions of the governor’s office. Their loyalty is not to the constitution or the people, but to the whims of the man who controls their allowances. When oversight is dead, impunity thrives.

The same is true at the local government level. The councils, which should be the closest tier of governance to the people, have become mere revenue distribution centres. Their budgets are inflated with cosmetic projects, while core community needs – clean water, rural roads, primary healthcare, and education – remain neglected. In most states, local governments have been stripped of autonomy, no thanks to the governors, and turned into cash dispensers for political godfathers.

A functioning democracy depends on the ability of citizens and institutions to demand explanations from those in power. Unfortunately, Nigeria has normalised a culture of unaccountability. We applaud mediocrity, celebrate looters, and reward failure with re-election.

Leadership without vision is like a vehicle without direction, fast-moving but going nowhere. Our leaders often mistake motion for progress. A road contract here, a stadium renovation there, a new office complex somewhere, yet the fundamental problems remain untouched.

When a government cannot define its priorities, it becomes reactive, not proactive. It responds to crises rather than preventing them. The consequence is that we keep recycling poverty in the midst of plenty.

Consider the fate of many oil-producing states that have earned hundreds of billions from the 13 percent derivation fund. Despite their enormous earnings, the communities remain among the poorest in the federation. The roads are not just bad but are deathtraps, the schools dilapidated, and the hospitals understaffed. The money vanished into white-elephant projects and political patronage networks.

Visionary leadership is not about having a title or holding an office; it is about seeing beyond the immediate and investing in the future. It is about building systems that outlive individuals. Sadly, most of our leaders are incapable of such long-term thinking because they are trapped in the psychology of survival, not sustainability.

There is a proverb that says: “The foolish man who finds gold in the morning will be poor again by evening.” That proverb could have been written for Nigeria. Each time fortune presents us with an opportunity, whether through oil booms, debt relief, or global trade openings, we squander it in consumption and corruption.

The subsidy removal windfall was meant to be a moment of reckoning, a chance to redirect resources to development, improve infrastructure, and alleviate poverty. Instead, it has become another tragic chapter in our national story, a story of squandered wealth and wasted potential.

When money becomes available without the corresponding capacity to manage it, it breeds recklessness. Suddenly, every council wants a new secretariat. Every governor wants to build a new airport or flyovers that lead to nowhere. The tragedy is not in the availability of money but in the absence of vision to channel it productively.

Nigeria does not lack bright minds; it lacks systems that compel responsibility. What we need is a new civic consciousness that demands accountability from those in power. Citizens must begin to interrogate budgets, question policies, and reject tokenism. Civil society must reclaim its watchdog role. The media must rise above “he said, he said” journalism and focus on investigative and developmental reporting that exposes waste and corruption.

Equally, the legislature must rediscover its purpose. Lawmakers are not meant to be praise singers or contract brokers. They are the custodians of democracy, empowered to question, probe, and restrain executive recklessness. Until they reclaim that role, governance will remain an exercise in futility.

The solution also lies in leadership development. Leadership should no longer be an accident of chance or patronage; it must be a deliberate cultivation of character, competence, and capacity. The tragedy of sudden riches is avoidable if leaders are adequately prepared to handle responsibility.

Ultimately, the change we seek is not just in policy but in mindset. Nigeria must confront the culture of consumption and replace it with a culture of productivity. We must move from short-term gratification to long-term investment, from vanity projects to value creation, from self-aggrandizement to service.

Every generation has its defining moment. Ours is the opportunity to rethink governance and rebuild trust. The tragedy of sudden riches can become the triumph of sustainable wealth, but only if we learn to manage fortune with foresight.

Until that happens, the Adamawa wives will keep travelling, the chairmen will keep spending, and the people will keep waiting for dividends that never come.

News

UPDATED: Tinubu Reverses Maryam Sanda’s Pardon, Convict To Spend Six Years In Jail

Published

2 minutes ago

October 29, 2025

Editor

…Relocate office of Presidential Advisory Committee on Prerogative

After backlash for granting a presidential pardon to Maryam Sanda, sentenced to death in 2020 for the killing of her husband, Bilyaminu Bello, President Bola Tinubu has revoked the pardon and reversed her sentence to 12 years.

This was revealed in an official gazette released by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Wednesday.

According to the gazette, Sanda, who had already spent six years and eight months at the Suleja Medium Security Custodial Centre, will now spend approximately six additional years in jail after getting an approved term on compassionate grounds.

It read, “Maryam Sanda, whose offence was culpable homicide, sentenced on 27/01/2020 with death by hanging, has served six years and eight months at the Medium Security Custodial Centre (MSCC), Suleja will now serve 12 years based on compassionate grounds, in the best interest of the children and good conduct, embraced a new lifestyle, model prisoner and remorsefulness.”

In the gazette titled “reduced terms”, the explanatory note stressed that the beneficiaries whose names were listed therein were in pursuance of section 175 of the 1999 Constitution of the Federal Republic of Nigeria (as amended).

The beneficiaries included 37-year-old Sanda, Harunah Isah (35), Mamman Ibrahim (50), Sanusi Adamu (28), Sadi Musa 20, Sabiyu Aliyu, Halliru Sani (18), and 79 others.

Corroborating the gazette in a press statement, the Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi (SAN) said the presidential pardon earlier released that granted Sanda and others clemency has been reviewed following consultations with the Council of State.

Fagbemi added that the President received concerns on the recommended list and consequently initiated a due process review.

The statement partly read, “It is to be recalled that following consultations with the Council of State, the President received concerns on the recommended list and consequently initiated a due process review. This exercise has been completed and approved by the President. This exercise was to ensure that only persons who met stipulated legal and procedural requirements would benefit from the prerogative of mercy.

“During this final review, few persons earlier recommended were found not to have met the necessary requirements and were accordingly delisted, while in some other cases, sentences were reviewed and reduced to reflect fairness, justice, and the spirit of the exercise.

“This exercise underscores the President’s desire to balance justice with compassion and the belief that justice must not only punish, but also reform and redeem. The review was undertaken with meticulous commitment to due process to reinforce the administration’s broader commitment to justice reform and humane correctional practices in line with international standards.”

The Minister of Justice further said that President Tinubu has directed the immediate relocation of the Secretariat of the Presidential Advisory Committee on Prerogative of Mercy from the Federal Ministry of Special Duties to the Federal Ministry of Justice.

“To ensure that future exercises meet public expectations and best practices, the President has directed the immediate relocation of the Secretariat of the Presidential Advisory Committee on Prerogative of Mercy from the Federal Ministry of Special Duties to the Federal Ministry of Justice.

“The President has further directed the Attorney-General of the Federation to issue appropriate Guidelines for the Exercise of the Power of Prerogative of Mercy, which includes compulsory consultation with relevant prosecuting agencies.

“This will ensure that only persons who fully meet the stipulated legal and procedural requirements will henceforth benefit from the issuance of instruments of release,” the statement added.

The PUNCH reports that Tinubu granted Sanda a pardon because her family pleaded for her release, arguing that it was in the best interest of her two children.

The pardon was part of a larger decision to grant clemency to 175 Nigerians and foreigners, including notable figures such as the late environmental activist Ken Saro-Wiwa, Major General Mamman Vatsa, and other members of the “Ogoni Nine”.

However, the pardon was greeted by a backlash from opposition parties and political figures, including the African Democratic Congress and former Vice President Atiku Abubakar, who condemned Tinubu’s decision to grant presidential pardons to dozens of convicted criminals, including drug traffickers, describing the move as a grave setback to Nigeria’s anti-drug campaign and a dangerous affront to justice and morality.

(PUNCH)

News

Reps Approve Tinubu’s $2.35bn External Loan Request

Published

32 minutes ago

October 29, 2025

Editor

The House of Representatives on Wednesday approved President Bola Tinubu’s request to secure a total of $2.347bn from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds.

The approval followed the consideration and adoption of a report presented by the House Committee on Aids, Loans, and Debt Management, chaired by Hon. Abubakar Hassan Nalaraba, during plenary presided over by Speaker Tajudeen Abbas.

Since assuming office in May 2023, President Bola Tinubu’s administration has secured substantial external financing to support government programmes and fiscal operations.

Between May 2023 and May 2025, Nigeria obtained approximately $7.2bn in external loans from the World Bank, aimed at bolstering key economic reforms and development initiatives. In addition, the government received approval for a $1 billion facility from the African Development Bank, expected to be disbursed between 2024 and 2025.

Further strengthening its external financing portfolio, the House of Representatives in October 2025 approved a new borrowing plan, including $1.23bn to part-finance the 2025 budget and a $500m debut Sovereign Sukuk to be issued in the international capital market.

These financing initiatives form part of the administration’s broader strategy to bridge budget deficits, refinance maturing debts, and stimulate economic growth through targeted investments.

According to the committee’s report, “The new borrowing plan comprises $1.23bn to fund the 2025 budget deficit and $1.12bn to refinance Nigeria’s Eurobond maturing in November 2025.”

The Deputy Speaker, Benjamin Kalu, who presided over the Committee on Supply where the report was considered, put the request before the House at plenary.

“The Committee on Supply considered the request of Mr President and made these recommendations. Do we accept these recommendations,” he asked, to which members replied in the affirmative.

Adopting the recommendations of the committee, the House authorised the Federal Government to “Implement the external borrowing component of the 2025 Appropriation Act amounting to ₦1.84tn (approximately $1.23bn) at the budget exchange rate of ₦1,500 to $1.”

Lawmakers also approved for the government to access the loans through Eurobond issuance, loan syndication, bridge financing facilities, or direct borrowing from international financial institutions.

In addition, the House endorsed President Tinubu’s proposal to issue Nigeria’s first-ever Sovereign Sukuk bond of up to $500m in the international capital market, with or without a credit guarantee.

Recall that President Tinubu, in his earlier correspondence to the National Assembly, explained that the borrowing plan was necessary to bridge the gap between projected revenue and expenditure in the 2025 fiscal year and to enable the government to meet its debt obligations as they fall due.

News

Reps Summon JAMB Registrar After Officials’ Walkout

Published

35 minutes ago

October 29, 2025

Editor

A tense encounter unfolded at the National Assembly on Wednesday as officials of the Joint Admissions and Matriculation Board walked out of a session convened by the House of Representatives Committee on Basic Education and Examination Bodies.

The Committee, led by Bayelsa lawmaker, Oboku Oforji, had summoned the examination body to account for its 2023–2024 budget performance, internally generated revenue remittances, and other financial operations, including bank statements and evidence of transfers to the Consolidated Revenue Fund.

In Nigeria, it is not uncommon for public agencies to ignore invitations from National Assembly committees, a development that often leads to conflicts between the legislature and executive branches. This pattern of non-compliance undermines the parliament’s oversight role, weakens accountability, and signals a troubling disregard for the legislature’s constitutional authority.

Often, agency heads treat summonses as optional, behaving as if they are not answerable to lawmakers. Many appear to rely on political connections or affiliations with the ruling party, assuming that little will be done if they fail to comply.

Executive officials sometimes push back, arguing that repeated or seemingly unnecessary summonses disrupt their work.

A common workaround is for agency heads to send junior representatives in their place. However, lawmakers frequently reject this, insisting on direct engagement with the leaders themselves to ensure transparency and accountability.

Ultimately, these recurring clashes highlight a broader struggle: balancing the legislature’s constitutional duty to oversee public institutions with the practical challenges faced by agencies and private-sector actors.

At the hearing on Wednesday, the Committee noted that JAMB was formally invited in three separate letters dated October 6, 17, and 23, 2025, requesting the personal appearance of Registrar Prof Ishaq Oloyede and submission of the relevant documents. Instead of attending in person, Prof. Oloyede sent a representative, Director Mufutau Bello.

Tension escalated when Bello demanded that National Assembly-accredited journalists leave the room, arguing that the documents contained sensitive financial information. The lawmakers refused, stating that the proceedings were public and that the Committee, not JAMB, had the authority to set the terms of the session.

Agitated by the insistence, Bello ordered his team to exit, leaving the lawmakers shocked. The Committee immediately instructed the Sergeant-at-Arms to detain the JAMB officials, only to find that they had already left the premises.

Describing the walkout as “Unacceptable and disrespectful,” Oforji emphasised that the Committee’s mandate is to ensure transparency and accountability, not to embarrass any agency.

“We sent three formal requests to the Registrar. Instead of complying, he sent a representative who accused us of trying to embarrass JAMB. That is unfortunate and cannot be tolerated,” he said.

Consequently, the Committee gave Prof Oloyede until Tuesday, November 4, 2025, to appear in person with his management team and provide all requested documents. Failure to comply, the Committee warned, could trigger enforcement actions under Sections 88 and 89 of the 1999 Constitution (as amended).

Several lawmakers condemned JAMB’s action as a contemptuous disregard for parliamentary oversight.

Abiante said the walkout demonstrated a troubling lack of accountability.

“Oversight is not a favour; it is a constitutional responsibility. If JAMB can ignore the National Assembly, it raises serious concerns about how public funds are managed,” Abiante said, alluding wryly to past controversies involving missing public money.

On his part, Rodney Ambaiowei criticised the agency’s attempt to exclude the press, stressing that the public has a right to know how government funds are spent.

“No agency can dictate how parliament operates. Transparency is not optional when it comes to public resources,” he said.

Also speaking, Rivers lawmaker, Marie Ebikake, expressed surprise that the Registrar did not attend the hearing, noting that the identity of the representative was unclear.

“We do not even know who led the delegation. The Registrar must appear on Tuesday to clarify JAMB’s management of public funds,” she said.

The Committee adjourned the session until next Tuesday, warning that any further defiance by the examination body would invite strict parliamentary sanctions.