Connect with us

News

OPINION: Time To Question Buhari

Published

on

By Lasisi Olagunju

Preparatory to his exit from power last year, President Muhammadu Buhari warned all of us to let him be after office: “Nobody should ask me to come and give any evidence in any court; otherwise whoever it is, he will be in trouble because all important things are on record.” Buhari uttered those words in one of his very rare media interviews. That was in January 2023 – one year, one month ago. And truly, every horror so far traced to him as president has been deflected to some minion somewhere. Whatever was lost under his watch, whatever we seek after his exit, whatever we can’t find in the presidential drawer, we’ve carefully avoided going to the man we handsomely paid to look after them. The chief priest is never guilty of anything. There is always a scapegoat tethered in his honour. The orphaned animal carries the guilt.

Some of the key ‘secular’ supporters of the present president are my friends. I engaged one of them last week on the cost of living crisis ravaging the country. He told me what we’ve been reading on social media: Buhari is the culprit; he is the edá rat that peed into Nigeria’s soup pot. He left a badly managed country. My Èmilókàn friend blamed everything, including the worsening power supply situation, on the former president.

Advertisement

I reminded my friend that the past can’t be solely blamed for the rashes of today. Buhari didn’t float the naira and hack petrol subsidy at the same time. Today’s president did. We’ve run all our lives in this country blaming the next person. I keep reading strenuous efforts being made to do devolution of blames down to state governors. It is ridiculous. Were governors consulted before the naira was fed to the dogs of market forces? Leaders at the very top should accept the consequences of their actions. Buhari in power didn’t. He blamed his past throughout his eight years. His successor cannot be allowed to go that road. As America’s Harry Truman put it, “The president—whoever he is—has to decide. He can’t pass the buck to anybody. No one else can do the deciding for him. That’s his job.” My friend agreed but insisted that Buhari left a very badly managed Nigeria, then added: “But, you know, we can’t come out against him.” I smiled, nodded and reminded him of Buhari’s 2023 promise of trouble if anyone asked him “to come and give any evidence in court.” My friend laughed. We moved our talk to other matters.

But, that is not to say Buhari should not explain what he did to Nigeria. I hope he is following his probe by the Senate. Buhari in power boasted repeatedly of his ‘integrity.’ His people call him Maigaskiya (truth teller). But what kind of integrity disdains accountability, rendering accounts? There is a 2006 book, ‘Responsible Leadership’ edited by Nicolas Pless and Thomas Maak. A chapter in that book is useful here. The chapter, written by George G. Brenkert, is on ‘Integrity, Responsible leaders and Accountability’. Integrity and accountability share an inner connection. They are, in the words of Nigerian playwright, Zulu Sofola, “lightning and thunder inseparable.” George Brenkert maintains that a leader “who is not willing to be subject to conditions involving giving an account of his or her behaviour to others” cannot claim to have integrity. I agree with him. You mouth and wear ‘integrity’ everywhere and still threaten us with trouble if we dare question you.

FROM THE AUTHOR: OPINION: Our President’s Love Affair With The IMF

Advertisement

Former President Buhari did not tell us why he had to threaten his successors against potentially calling him to account. He also did not define or explain what he meant by ‘trouble’. But, you remember Shakespeare’s witches and their chant of ‘trouble’ in Macbeth: “Double, double toil and trouble;/ Fire burn and cauldron bubble” Steaming hot cauldron is elevated boiler. Whatever Buhari had covered up in his boiling kettle is coming out. His warning was a cauldron of guilt.

The Senate told us last week that a total of N30 trillion was printed by the government of Muhammadu Buhari and the money appears to have disappeared. I whispered “Goodbye, Giant of Africa” when I listened to the heart-rending deliberation of our Senate on that disaster. Ahmed Lawan, Buhari’s Senate president, interjected deliberations and said what Buhari printed was N23 trillion, not N30 trillion. Godswill Akpabio, Bola Tinubu’s Senate president (who was also Buhari’s minister), interjected the interjection. He said the extra N7 trillion was interest on the original sum.

We – you and I – are the ones paying principal and interest on Buhari’s misrule. Different strokes. In the United States, convicted former President Donald Trump pays for his bad acts. Reports say he owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine slammed on him two weeks ago by Judge Arthur Engoron in his civil fraud case. So, a court can convict a big man who had been president?

Advertisement

It happened also in South Africa. Not here. Where I come from, a man is never allowed to be bigger than the village. A community that cowers before a bully is a town of kids. And Nigeria should not forever be J. M. Barrie’s (1911) Neverland, a land of eternal childhood, island of people who refuse to grow up. Or the puer, Carl Jung’s archetypal error-man, who is forever afraid of challenges; who is forever waiting for ‘divine intervention’ to solve all his problems. We cannot be weaned of the disease of bad leadership until the leader knows that his feet will be held to the fires of justice after his reign. Lord Denning, Master of the Rolls, while stating the position of the law on equality before the law, says: “to every subject in this land no matter how powerful, I would use Thomas Fuller’s words over 300 years ago; “be you never so high, the law is above you.”

FROM THE AUTHOR: OPINION: Tinubu, Matter Don Pass Be Careful

We’ve seen in the US judgement that President Trump is not bigger than his country. That is in the United States. Here, trouble awaits anyone who may want to query Buhari on why he wrecked our economy, printed N23 trillion plus N7 trillion interest, and what he used the printed money for. Or that he took a $3.4 billion loan without a trace of how the money was spent and on what. The former president said the consequence of asking him to account is trouble. That is the stuff master-wrestlers are made of. We call them àgbà ìjàkadì in Yoruba. They always tell their victims that they would be victims unless they know their level.

Advertisement

An elected president threatening trouble if asked to render an account is a guilty mind. We should, at this moment, outgrow our fear of strongmen and serve them queries. Can we be man enough for once and square up to Buhari, the heavyweight? The man’s successors in jittery whispers blame their troubles on him. They say his government wreaked today’s woes. They should ask him to come and account for his deeds – good and bad. And the masquerade should be man (or spirit) enough to step out of his guttural grove. He owes everyone who suffers hunger today an explanation that he is not the cause. His successors say he is.

The Buhari government printed money which disappeared as they came out of the mint. That is what our Senate says it is probing without mentioning the name that professed the heist. They will pan the camera away from the one who should be in the dock. There are other issues. Early this month, the Socio-Economic Rights and Accountability Project asked Tinubu to probe the whereabouts of the $3.4bn loan obtained in 2020 by Buhari from the International Monetary Fund. Buhari took that loan to fight COVID. But SERAP is asking Tinubu to promptly probe the allegations that the IMF loan is missing, diverted or unaccounted for.” It hinted that the 2020 annual audited report recently published by the Auditor-General of the Federation “documents damning revelations, including that there was ‘no information or document to justify the movement and spending of the fund’”. There may be many more of such disappearances.

FROM THE AUTHOR: OPINION: Ibadan Blast, Makinde And Federalism

Advertisement

If I were Buhari, I would not wait for the Senate to call me before storming the chambers with details of the N30 trillion and other scandalous matters. I would come out and show the nation where the money is. But Buhari won’t. He is above the law and bigger than Nigeria, a serially abused country.

Is it not futile for leaders to insist they can’t be questioned? Idi Amin of Uganda recklessly printed money like Buhari and ruined his country. No one could caution or question Idi Amin, who boasted repeatedly that he was the conqueror of everybody, including the British Empire. Then he fell and maggots crept out to feast on his bloated belly. Films, books, fiction and non-fiction, have not stopped asking Idi Amin questions even after his death. Wole Soyinka’s A Play of Giants is one; Francis Imbuga’s Man of Kafira is another. Idi Amin is Boss in Imbuga’s play. He flaunts integrity and transparency. Just like today’s Nigeria in which hunger is the most uttered word north and south, Drunk and Sober, two characters in Man of Kafira, wallow in hunger while corrupt Boss lives in transparent ostentation. The two poor characters speak their frustration about a society that provides “three square meals for the transparent man and not a single trianglar one for us.”

We wait to see how the Senate handles the N30 trillion naira scandal and others. We also wait to see how Bola Tinubu will smell after his own tenure and if he will be willing to be questioned. Ultimately, leaders personally answer for their deeds and misdeeds. No fly follows the corpse of leaders into the grave. Not followers, not associates, not their dogs.

Advertisement

FROM THE AUTHOR: Gaza Or Jerusalem: Where Should Nigerians Be Found? [OPINION]

I saw senators struggling to disown Buhari last week. Even dogs that fawned over him and graciously ate his phlegm are barking at him now. That is life. No one admits to using a missing knife to peel their yam. If I were the man of today, I would go watch or read ‘Everyman’, a 15th-century play of man appearing before God naked and all alone. Power and Strength abandon him; Beauty and Knowledge leave too. All he is left with are his Good Deeds. There are modern adaptations of that play. In Dutch, it is Elckerlijc; in Latin, it is Homulus. Duro Ladipo’s Eda is the Yoruba version.

Some governors recently warned that we were on the road to Venezuela. I have written twice on that country; the first was when Buhari’s plantain was decaying and we were told it was ripening. And we were asked to see it so, and we agreed. Venezuela is a burst country where local traders set the price of anything in US dollars and sell everything in US dollars. No one takes the country’s currency, the bolivar, seriously; it is worth less than the wrapper on sweets. But, Venezuela’s head did not go bad overnight. The destruction was gradual, step by step, leader by leader. Long before the bubble burst for that country, Venezuelan playwright and theatre director, José Ignacio Cabrujas, was asked to speak on the curse that rules his country. He said “the state is a magnanimous sorcerer”; it creates illusions and fantasies. He described the reign of one president as “the debut of the myth of progress” and the next as the myth’s “hallucinatory… flamboyant revival.” Powerful imagery that describes our case. I think of the mythical strides of yesterday and the mist in today’s promises.

Advertisement

Shading the truth and exaggerating optimism led us to this day of pies in the sky. Our dog is back to the same behaviour that denied it dinner yesterday. It looks like a foundational curse.

Bola Tinubu cannot renew any hope without showing us how (and why) previous hopes expired. Throughout Buhari’s eight years, the former president feasted on designer shoes and wrapped himself in expensive gowns. He ate big and belched loudly. He tooth-picked his time away while the plane drifted. We demanded to know where the pilot was, we were abused. We asked why he was imperiling a country of 200 million people, we were asked to shut up. Today, some of those who insulted us are in the cockpit; they are whispering alarms at the perilous state of the flight. ‘Where and how is the pilot?’ is the question distraught passengers would ask in life-threatening turbulence. We asked yesterday, we are asking now. All who ask the question today genuinely seek an answer. They ask it just as troubled trees of the forest whine and crackle in terrible storms.

With Buhari, there was no leadership. “In periods where there is no leadership, society stands still,” Harry S. Truman, 33rd president of the United States, uttered that statement long ago and he had reasons to say so. So that today does not end up as yesterday did, we should keep asking questions, even if they are rhetorical. We can make them
epiplectic, forked questions of outrage and rebuke. Whatever flavour we choose, what is important is that we do not stop querying power and demanding answers. Buhari was absent, or pretended to be so. His reign ruined Nigeria; he should be made to account for his deeds.

Advertisement

News

IGP Orders Officers Display Name Tag On Uniform, Gives Update On State Police

Published

on

The Inspector General of Police, IGP, Tunji Disu, has ordered all police personnel to always have their name tags on their uniforms for easy identification.

Disu disclosed that only police personnel who are undercover are exempted from displaying their name tags.

Speaking on Tuesday, Disu said: “All police officers should have their name tags. All of us on the high table have our names apart from the undercover among us so if you look at all the Commissioners of Police we have our name tags, so it’s not our standard.

Advertisement

READ ALSO:

All the Commissioners of Police are here and that is why we called this meeting, we have list of things like this that we will want to discuss with the Commissioners of Police, we have told them earlier and we will still let them know that every that happens within their area of jurisdiction falls under their control.”

On the issue of state police, the IGP said: “Since we got the signal that the Federal Government of Nigeria intend to establish State Police and since we are the federal police, we decided to take the bull by the horn and put down our own side of what we believe on how the state police should be run.

Advertisement

“A lot of things were taken into consideration, a lot of comparative analysis was done and it has been transmitted to the National Assembly.”

 

Advertisement
Continue Reading

News

Court Orders SERAP To Pay DSS Operatives N100m For Defamation

Published

on

The High Court of the Federal Capital Territory has ordered a non-governmental organization, the Socio-Economic Rights and Accountability Project, SERAP, to pay N100 million as damaged to two operatives of the Department of the State Services, DSS, for unjustly defaming them in some publications.

The court also ordered SERAP to tender public apologies to the defamed officers,
Sarah John and Gabriel Ogundele, in two national newspapers, two television stations and its website.

Besides, the organization was also ordered to pay the two operatives N1 million as cost of litigation and 10 percent post-judgment interest annually on the judgment sum until it’s fully liquidated.

Advertisement

Justice Yusuf Halilu of the High Court of the Federal Capital Territory gave the order on Tuesday while delivering judgment in a N5.5 billion defamation suit instituted against SERAP by the DSS operatives.

The judge found SERAP liable for unjustly defaming the two DSS operatives with allegations that they unlawfully invaded its Abuja office, harassed and intimidated its staff, in September 2024.

READ ALSO:How We Arrested Terror Suspect Who Threatened To Kill Students, Teachers In Abuja — DSS

Advertisement

In the offending publication on its website and Twitter handle, SERAP alleged that the two operatives unlawfully invaded and occupied its office with sinister motives.

The judge held that the publication was in bad taste especially from an organization established to promote transparency and accountability, as nothing in the publication was found to be truthful.

The DSS staff had listed SERAP as 1st defendant in the suit marked CV/4547/2024. SERAP’s Deputy Director, Kolawole Oluwadare, was listed as the 2nd defendant.

Advertisement

In the suit, the claimants – Sarah John and Gabriel Ogundele – accused the two defendants of making false claims that they invaded SERAP’s Abuja office on September 9, 2024..

Counsel to the DSS, Oluwagbemileke Samuel Kehinde, had while adopting his final address in the mater urged the judge to grant all the reliefs sought by his client in the interest of justice.

READ ALSO:DSS Arrests Suspected Gunrunner, Recovers 832 Rounds Of Ammunition

Advertisement

He admitted that although the names of the two claimants were not mentioned in the defamation materials, they had however established substantial circumstances that they are the ones referred to in the published defamation article by SERAP on its website.

The counsel submitted that all ingredients of defamation have been clearly established and the offending publication referred to the two officials of the secret police.

However, SERAP, through its counsel, Victoria Bassey from Tayo Oyetibo, SAN, law firm, asked the court to dismiss the suit on the ground that the two claimants did not establish that they were the ones referred to in the alleged defamation materials.

Advertisement

She said that SERAP used “DSS officials” in the alleged offending publication, adding that the two claimants must establish that they are the ones referred to before their case can succeed.

Similar arguments were canvassed by Oluwatosin Adefioye who stood for the second defendant, adding that there was no dispute in the September 9, 2024 operation of DSS in SERAP’s office.

READ ALSO:Alleged Cyberstalking: DSS Plays Video Evidence In Sowore’s Trial

Advertisement

He said that since SERAP in the publication did not name any particular person, the claimants must plead special circumstances that they were the ones referred to as the DSS officials.

Besides, he said that there is no organization by name Department of State Services in law, hence, DSS cannot claim being defamed adding that the only entity known to law is National Security Agency.

The claimants had in the suit stated that the alleged false claim by SERAP has negatively impacted on their reputation.

Advertisement

The DSS also stated, in the statement of claim, that, in line with the agency’s practice of engaging with officials of non-governmental organisations operating in the FCT to establish a relationship with their new leadership, it directed the two officials – John and Ogunleye – to visit SERAP’s office and invite them for a familiarization meeting.

The claimants added that in carrying out the directive, John and Ogunleye paid a friendly visit to SERAP’s office at 18 Bamako Street, Wuse Zone 1, Abuja on September 9 and met with one Ruth, who upon being informed about the purpose of the visit, claimed that none of SERAP’s management staff was in the country and advised that a formal letter of invitation be written by the DSS.

READ ALSO:DSS, Police Partner NCCSALW To End Terrorism, Mop Up Illegal Arms

Advertisement

John and Ogundele, who claimed that their interactions with Ruth were recorded, said before they immediately exited SERAP’s office, Ruth promised to inform her organisation’s management about the visit and volunteered a phone number – 08160537202.

They said it was surprising that, shortly after their visit, SERAP posted on its X (Twitter) handle – @SERAPNigeria – that officers of the DSS are presently unlawfully occupying its office.

The claimant added, “On the same day, the defendants also published a statement on SERAP’s website, which was widely reported by several media outfits, falsely alleging that some officers from the DSS, described as “a tall, large, dark-skinned woman” and “a slim, dark skinned man,” invaded their Abuja office and interrogated the staff of the first defendant (SERAP).

Advertisement

John and Ogundele stated that “due to the false statements published by the defendants, the DSS has been ridiculed and criticised by international agencies such as the Amnesty International and prominent members of the Nigerian society, such as Femi Falana (SAN)”.

“Due to the false statements published by the defendants, members of the public and the international community formed the opinion that the Federal Government is using the DSS to harass the defendants.”

READ ALSO:SERAP To Court: Stop CBN From ‘Implementing ‘Unlawful, Unjust ATM Fee Hike’

Advertisement

They added that the defendants’ statements caused harm to their reputation because the staff and management of the DSS have formed the opinion that the claimants did not follow orders and carried out an unsanctioned operation and are therefore, incompetent and unprofessional.

The claimants therefore prayed the court for the following reliefs: “An order directing the defendants to tender an apology to the claimants via the first defendant’s (SERAP’s) website, X (twitter) handle, two national daily newspapers (Punch and Vanguard) and two national news television stations (Arise Television and Channels Television) for falsely accusing the claimants of unlawfully invading the first defendant’s office and interrogating the first defendant’s staff.

“An order directing the defendants to pay the claimants the sum of N5 billion as damages for the libellous statements published about the claimants.

Advertisement

“Interest on the sum of N5b at the rate of 10 percent per annum from the date of judgment until the judgment sum is realised or liquidated.

“An order directing the defendants to pay the claimants the sum of N50 million as costs of this action.”

Advertisement
Continue Reading

News

[OPINION] Tinubu: Borrowing Is Leprosy

Published

on

By Suyi Ayodele

“Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry.” William Shakespeare, Hamlet (Act 1, Scene 3)

Nigeria has shifted from incurring debt as an instrument of policy to embracing it as a condition of survival. It is a dangerous evolution—made worse when President Bola Ahmed Tinubu appears to regard debt not as leprosy, but as ornament.

Advertisement

Greek philosopher, Plutarch (before AD50-after 120), wrote a piece titled: “That We Ought Not to Borrow.” What the old Greek philosopher said in the piece, published in Vol. X of the Loeb Classical Library edition of the Moralia, 1936 (Pg. 315-339), shows that borrowing is worse than leprosy in all ramifications. Plutarch’s piece summarises the Greeks’ attitude to borrowing.

Incidentally, every arguement he posted in the material aligns with the African’s philosophy of a borrower ending up a broke person. Our elders, right from the beginning of time, say: Àì l’ówó l’ówó kìí jé ká ní owó l’ówó (being broke makes one to be more broke).

They say this because the broke man goes a-borrowing and ends up using the little he has to service his debts thus ending up without money. A man without money is a sad man. That confirms the age-long axiom of he who goes a-borrowing goes a-sorrowing.

Advertisement

President Tinubu, on Tuesday last week, at an engagement with all the movers and shakers of events from Plateau State, said to those critical about the rate of borrowing by his administration that “borrowing is not leprosy.” He added that whenever the occasion arose for him to borrow, he would not hesitate to do so.

Maybe we should allow Tinubu to speak: “If we have to borrow money, we will, because borrowing is not leprosy; we just have to work hard to be able to repay it.” To the President, going by these uttered words, what matters is the ability to pay. And to pay back the countless debts incurred by his administration, Nigeria and Nigerians must work hard.

MORE FROM THE AUTHOR:OPINION: Wetie, Òsá Eleye And 2027 Warnings

Advertisement

It is not what Tinubu said that worries me. My concern is the metaphor he deployed – “leprosy”. That is the worst of all contagious diseases. Anyone who contracts leprosy is usually isolated. Leprosaria, in ancient days, were built in the deep forest. This is why it is said that: A kìí kó ilé adétè sí ìgboro; inú igbó ni adétè ńgbé (no one builds the house of a leper in the city; lepers live in the forest).

The idea of the forest in this ancient saying itself depicts graphic metaphors of a pariah, isolation, and of an individual who lives with ultimate shame. So, when our President deployed that metaphor, its meaning goes beyond the theatrical message his audience thought they heard and clapped for. What Tinubu told his audience is that Nigeria had not borrowed to that level when it would become an isolated nation, a leprous entity that nobody would dare touch with a 10-feet pole! We may soon get there, anyway! Back to ancient Greek.

Ancient Greek philosophy never supports borrowing. Rather, it considers borrowing, which usually comes with heavy interest, as another form of servitude. The borrower, in the Greek mindset, is not just a slave to the lender; he is equally considered a weakling and one with the base of all moral values. Plato, Aristotle, and other ancient philosophers believed that a borrower, especially a reckless one, is an ‘unnatural and socially corrosive” individual. Any borrowing that imposes heavy interest on the borrower, they said, is ‘predatory.’ (See: “Lending and Borrowing in Ancient Athens,” by Paul Millett, Cambridge University Press, Cambridge, 2022).

Advertisement

This is the summary of Plutarch’s work, where he argues that taking loans comes with its own degree of disgrace and leads to “a voluntary loss of freedom and a sign of folly.” A simple review of Plutarch’s essay says: “That We Ought Not to Borrow” (Greek: De vitando aere alieno) is a famous essay….that argues against debt, describing it as a form of slavery to lenders that causes stress and ruins financial freedom. Plutarch advises avoiding loans, whether rich or poor, arguing it is either unnecessary or impossible to repay.”

In an October 5, 2021, piece on this page with the title: “Buhari and the chronic debtor-wife of Osin”, I expressed worry at the rate at which the administration of General Muhammad Buhari was taking loans. I warned that Nigerians would be left in pain and sorrow at the end of the day. The introductory paragraph of the said article is worth repeating here:

“Permit me to call this Buhari regime Onígbèsè Aya Osin (The chronic debtor-wife of Osin). Osin is the Yoruba deity of royalty. According to the legend, Osin married a shameless woman who owed virtually everyone in the community. In our tradition, once a person’s behaviour is off the mark of our acceptable mores, norms and traditions, we give such a person a descriptive name. This wife’s reputation followed her everywhere she went. ‘Onigbese’ is the Yoruba word for chronic debtor; ‘Aya’ is wife. Her cognomen is an exercise in character portrayal. She is known as Onigbese Aya Osin, who buys pangolin without paying, and buys porcupine on credit. She sees the woman hawking a hedgehog; she runs after her empty-handed. She uses the money from antelope to pay for deer. Yet, she fries neither for her husband nor cooks for her concubine. Her first child is sold into slavery to service her debts; her lastborn is pawned off for her indebtedness. When she talks, she accuses her husband of not covering her shame whereas, she neither informs the husband nor takes permission from him before buying bush meat on credit.”

Advertisement

MORE FROM THE AUTHOR:OPINION: An Ekiti Ritual For 2027

Whatever we saw in the Buhari administration that informed the above has since paled into insignificance in the administration of Tinubu. This government borrows with reckless abandon! That is troubling. And unlike Buhari, who was decent about it, the current set of Onígbèsè in the Aso Rock Villa adds arrogance to the charade. This is why, when he had nothing more to tell us all, Tinubu said that our level of indebtedness had not reached the leprosy stage where no nation would want to touch us.

Whatever Tinubu said during the encounter, his spokesman, Bayo Onanuga, further amplified. In his criticism of the borrowing spree of this government, Peter Obi, the 2023 Labour Party (LP) presidential candidate, said that “Borrowing is not only leprosy, but a killer cancer when it is borrowed for consumption and not production as it is in Nigeria today.” He further lamented the nation’s “Debt that is not tied to measurable economic value; debt that does not translate into jobs, growth, or improved living standards for the Nigerian people.”

Advertisement

Onanuga, responding to Obi, said that the opposition politician was “bringing up the same old arguments again with your sensationalist approach.” Like his master, Onanuga stressed that “…Every sovereign nation borrows money, and as President Tinubu correctly pointed out, borrowing is not a disease. If you really want to know, the government has been taking loans to pay for important infrastructure projects, not to spend on everyday things. The fact that we are getting money and have lenders who are willing to lend shows that our country is trustworthy and able to pay back the money.”

I read Onanuga’s position, and I wondered if ‘silence is no longer golden’, as we were told, especially when one does not have something intelligent to say! How can borrowing become an ornament that a government should wear like a medal, the way Onanuga deodorised it? So, if every nation of the world wants to lend us money, we should take all the loans with reckless abandon, the way the government, the ‘old activist’, is defending does? And, if we may ask: what are the “important infrastructure projects” Onanuga is talking about?

Do they include the $2.7 billion borrowed from the World Bank by this administration in 2023, part of which is the $700 million loan taken for adolescent girls’ secondary education that we have nothing to show for except the daily kidnapping of our school boys and girls up North? Or the preposterous $750 million loan for power sector recovery, only for the Aso Rock Villa to detach itself from the National Grid?

Advertisement

Can we also ask Onanuga if his “important infrastructure projects” for which this government took a World Bank loan of $4.25 billion in 2024, include the $1.57 billion loan to strengthen human capital, improve health for women and children, and build climate resilience, without anything to show for it? What about the $357 million, $57 million, and $86 million loans for rural road access and agricultural marketing projects, in a country where bandits, herdsmen and terrorists don’t allow farmers to go to their farms?

Is the 2025 World Bank loan of $2.695 billion, part of which $500 million was said to have been for education under the HOPE Education loan, or the $253 million and $247 million for NG-CARES, also part of Onanuga’s “important infrastructure projects?” What sort of awkward reasoning governs this nation?

MORE FROM THE AUTHOR:OPINION: Count Your Sufferings: Tinubu’s Gospel Of Comparison

Advertisement

Can someone please help tell those in power and their defenders that figures don’t lie! According to the Debt Management Office (DMO), Nigeria’s total public debt in 2015 was approximately N12.12 trillion to N12.6 trillion ($63–$64 billion). Various independent reports confirmed that figure, which is said to include both domestic and external debt stocks, representing the total liability at the time the administration of President Goodluck Ebele Jonathan ended in May 2015.

But by December 31, 2023, according to the DMO, the nation’s total public debt was N97.34 trillion (US$108.23 billion). Again, the figure includes the external and domestic debt of the Federal Government, the 36 state governments, and the Federal Capital Territory.

Fast forward to the three-year-old administration of President Tinubu, Nigeria’s total public debt is projected to exceed N159 trillion (approx. $110 billion, “driven by a N68.32 trillion budget that relies heavily on borrowing. The government has allocated roughly ₦15.81 trillion for debt servicing (interest and fees) in 2026 alone, highlighting a severe debt service burden on the economy.”

Advertisement

Pray, what do you call a disease that makes a government spend over 80% of its revenue to service debt, if not ACUTE LEPROSY? What can be more cancerous than a government which borrows to satisfy the President’s fantasies at the expense of good living conditions for the citizenry? How do you describe a government which goes a-borrowing to finance its own budgets if not a leprous and cancerous government?

And since Onanuga has deliberately chosen not to understand why the government he defends has “lenders who are willing to lend” as he posted in response to Obi, I suggest, and very strongly too, that he takes a simple tutorial in Plutarch, who posits that “…the Persians regard lying as the second among wrong-doings and being in debt as the first; for lying is often practiced by debtors; but money-lenders lie more than debtors and cheat in their ledgers, when they write that they give so-and‑so much to so-and‑so, though they really give less…” This is why Onanuga and his ilk will be eternally wrong in their celebration of “lenders who are willing to lend.”

The Greek philosopher adds in the piece that, while he had “not declared war against the money-lenders”, he must point it out “to those who are ready to become borrowers how much disgrace and servility there is in the practice and that borrowing is an act of extreme folly and weakness.”

Advertisement

In concluding the piece, “That We Ought Not to Borrow”, Plutarch cautions thus: “Have you money? Do not borrow because you are not in need. Have you no money? Do not borrow, for you will not be able to pay….therefore in your own case do not heap up upon poverty, which has many attendant evils, the perplexities which arise from borrowing and owing, and do not deprive poverty of the only advantage which it possesses over wealth, namely freedom from care; since by doing so you will incur the derision of the proverb: I am unable to carry the goat, put the ox then upon me.” May the cosmos give us the grace to learn from ancient wisdom!

Continue Reading

Trending