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Simple Actions President Bola Tinubu Must Take Now by Olufemi Aduwo
Simple Actions President Bola Tinubu Must Take Now
by Olufemi Aduwo
Very Short Term:
The golden rule when you face a crisis of any sort is to allay fears of those concerned, including you, the leader. Fear kills more than bullets.
Mr. President, sir:
1. Get on the television and radio and reassure Nigerians that you are on top of the situation. It should not be a long speech at all but maximum of five minutes. Translate the speech into as many local languages as possible. Let the governors and parliamentarians do the same to percolate to the grassroots.
2. In that speech, plead for more understanding. Tell Nigerians you will address them again, in four weeks latest, on measures to address the situation. Reassure them that you will tackle the situation decisively. Take the advice I will give you here to your cabinet and the National Council of State so they can make inputs and perfect them.
3. Announce cuts in government expenditure especially the lifestyle of political leaders. Sir, don’t you wonder how Nigerians who bear these unbearable inflation survive? It’s not rocket science, Mr. President. The first rule under hyper-inflation is to go back to that rudimentary economics taught in the secondary school: Scarcity, Scale of Preference, Choices, Opportunity Cost.
This present crisis doesn’t need economic experts to solve. We only need to apply common sense!
(a) Prices are soaring because of scarcity.
(b) Our money can no longer buy all the things we used to buy.
(c) We now have to make a scale of preference. We need the things we need (not want) on a scale of preference. Non-essential things are off that list right away.
(d) We now make choices (priorities), purchases within that scale. This means that even not all the items that make that scale will make it in our Naira allocation.
(e) We now increase our earning to cover those items on that scale (remember they are essential) but even essential things vary in terms how essential. Some can tarry for a while.
Summary:
When in hyperinflation, don’t panic. Panic will complicate the problem. And may even kill. Smile broadly. Then, Think. Plan. Be honest. Have that will power.
That is how we have been surviving. Every poor, even illiterate Nigerian family heads; this is what they have been doing, sir. They may not know any economic terms, but that’s what they do. And I am writing here, as a social crusader with common sense; it is for you as the head of the Nigerian household economy, just do the above. Expenditure saved is income earned. It starts from you, Mr. President.
That moves us to the short term.
Short Term (After one year)
1. Stop all new civil projects at the federal level for the rest of the year. Advice states to do the same. Divert money saved to agriculture. It takes between three to eight months for most food crops in Nigeria to be ripen for harvest. Thank God, the food crisis is happening at the very beginning of the agric season. And, sir, a farmer that doesn’t plant at the beginning of the farming season, won’t reap anything at harvest time. That’s what Adam Smith meant in his ‘Theory of Factors of Production’. It doesn’t need PhD to understand and apply, sir.
2. Continue funding of already approved civil projects so that real income will not shrink in the blue collar sector. Do mostly direct labour so income can circulate to Nigerians.
3. Import strategic food e.g. rice, beans, tomatoes, pepper, groundnut oil, etc. There is no shame in this, sir. It’s food first in the hierarchy of needs. Whatever it will take in the short run, make food available to Nigerians. Don’t go into who caused the food problem, for now. ‘Ebi kii wo inu, ki nkan mii o wobe’. (A hungry person will not listen to any other thing except you give him or her food). The dead don’t eat food.
4. NNPCL must start pushing locally refined petrol (and diesel for the real sector). Meanwhile, give NNPCL dollar at controlled rate to import fuel. Call it subsidy or whatever name, if you like. Peg the sales to control prices and monitor ruthlessly. We are in serious crisis. Be ruthless, sir. Some people have said you can fast track Dangote. Anyhow. Just make fuel available, sir. Again, Adam Smith! Production!
5. Identify growers of major foodstuff and support them directly through state governments.
6. Release CBN probe report and government white paper. Sir, you are wasting too much time on this!
Medium Term (12-18 months):
1. Probe the banking sector and follow up with an enabling law to jail culprits.
Trial should be through Tribunals, not courts. Trial should be statute barred so that in ten months, the Supreme Court can give final judgments. From Tribunal to Appeal Court, to Supreme Court!
I know many of them are your paddy. But they have had enough, sir. Tell them ‘O To Ge’ (It’s enough). They will understand, if they are honest. They have bled Nigeria for too long. Nigeria must not die in your hands. Sing Sonny Okosuns hit track to them; “Which way Nigeria”.
Let’s save Nigeria. So Nigeria won’t die
2. Start Civil Servants Miscellaneous Offences Tribunal to jail corrupt civil servants. Like the bankers, the civil servants will also understand. Those doing the damage in the system are not more than two per cent of civil servants! You know this, Mr. President.
3. Rejig the National Food Policy to plan how we can be food sufficient. Sir, we have not been able to feed ourselves in Nigeria. Bible says a man not able to feed his family or household is not fit to head that family. It means if you are president and the nation is not self-sufficient in food production (not food importation), then you are not fit to be president, sir. I am not the one saying so, sir. It’s God. You are the Head of this household called Nigeria now by His grace. God has blessed us too much. What we cannot grow in Nigeria does not exist!
4. License new agric banks (at least 10 of them, facing agriculture funding squarely). They must be operational before the end of this year, nationwide.
To hell with all these criminal banks! License at least 50 small medium industry banks and 50 agriculture micro finance banks to start operations before December 2024. Commercial farming should be the goal here. They must be monitored to stay within their portfolios.
5. Make 40 modular refineries strategically located nationwide to be operational. State and local governments can save 50 per cent of their allocations for four months to own not more than 20 per cent equity in these small refineries within their states. This will not only solve the petrol problem on time but also serve as IGR for them in the near future.
Long Term (2 years and above):
1. Sustain medium-term policies highlighted above. In strategic road mapping, execution is key, sir.
(2.) Resume civil works in the public sector to create employment and incomes.
(3). Start agro processing for exports. No export of raw agriculture products again.
(4). Rejig all Federal Universities of Agric to face agriculture, or scrap them. State governments should start Universities of Agric. A state like Ogun with excess varsities and polytechnics should convert quite a number of them to Agric varsities with emphasis on practical training. All polytechnics should be converted to technical universities to work out how to manufacture so many things that we import, preparatory to banning their importation. Local industries cannot survive if we don’t ban these imports.
(5.) Sir, Adam Smith is turning in his grave, cursing Nigeria. We are poor because we do not produce, our taste is strictly for what we don’t produce! We can never be rich like that, unless we go into banking, politics or religion! Each time Nigerian Customs says it has made billions of Naira, I cry. They should make income from excise income (exports) not imports. Imports increase the need for dollars! Exports bring in dollars! Common sense nah.
(6.) Ban frivolous imports. Notice should have been given right now that in 12 months, these useless imports ‘are gone’. They are the ‘subsidies’ that must be ‘gone’, not the one on petrol. In the real sense, Mr. President, you actually ‘subsidize’ these frivolous items; toothpick, toothbrush, toothpaste, etc. name it. Enter any supermarket or market, 80 percent of goods there are bought with dollars. So, when dollar goes up, the prices must go up. Sir, ban them! Don’t follow Reno Omokri’s lame advice that Nigerians should boycott imported goods. Omokri lives abroad. We here can only buy what we see. Enabling laws are needed here, so that if you display banned commodities, you go to jail. Please expand this for effective implementation of these laws.
(7.) My President, I have not suggested Price Controls. They don’t work. I am a practical person. I am driven by theories driven by research. There is no economic theory bigger than the Theory of Demand and Supply. So, do not waste time and money setting up price controls? The moment supply exceeds demand, prices will crash. And when we have excess food, we store, process and export to countries like Niger, Mali. We export to USA and UK. Check out the foodstuff prices in the UK. They are high sir. We can make good dollars and pounds exporting food to them there sir.
Finally, sir, execution is important. Our problem has always been lack of executive will, not lack of ideas. I have never been scared of any crisis in my life. As the crisis is brewing, God is already giving me ideas to tackle it. And it’s so for most Nigerians at household levels.
See, Mr. President, this economic crisis is no big deal if you want to tackle it. I swear. There is no need for any economic wizardry. We need just common sense and discipline or willpower. It’s the same way we manage our household income. It’s the same way my students are managing their incomes and expenditures! My students are fine! They are not happy, but they are fine. They are still making their hairs and coming to classes! But many of them have reduced what they eat and how many times they eat daily.
Me too, I no longer fry eggs. I boil them.
That way I save money on groundnut oil, salt, gas, onion and pepper. And if yam is not careful, I will ban it, like I did bread. No food is bigger than me in my household. I call the shots. Meat is only for my daughter now. At over 50, I don’t need meat. I take fish. Local fish. Not imported fish. It’s only our government and national assembly that have refused to change. They still use uncommon sense. Every household in Nigeria is applying the common sense!
Sir, economics is common sense made difficult!
Thank you for listening and being ready to take these actions, Mr. President.
Your patriotic subject,
Olufemi Samson Aduwo, Permanent Representative, CCDI to ECOSOC/United Nations.
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Ogun Central 2027: The Competence Question and APC’s Senatorial Choice
LAs the 2027 elections draw closer in Ogun State, discussions about who should represent Ogun Central in the Senate are gradually gaining momentum. Across Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo, and Ewekoro, the mood among the people appears largely the same. The people have made their preference clear. Not in anger or protest but in the quiet and wilful way that voters do when they still believe you can do better. The unifying thing in the people’s agitation is the call for credible, competent, and accessible representation.
This is not a new demand from the people of the district. The demand for a paradigm shift has been growing in recent times. Residents across the district are showing a preference for leaders who can demonstrate measurable capacity in healthcare, infrastructure, education, youth empowerment and constituency development. The calls for palpable development, responsive engagement, and effective legislative outcomes have become too obvious to dismiss.
We can all recall that in the last elections in 2023, the All Progressives Congress rallied behind Senator Shuaibu Salisu with considerable optimism. Party leaders and stakeholders presented his candidacy to the people as the strongest path to meaningful progress for the district. That mandate carried real expectations, and it is fair to say that, in several communities, those expectations have not been fully met.
Concerns have been raised across town hall meetings, community forums, and on social media about the speed of infrastructural projects, the reach of scholarship and empowerment programmes, and the overall visibility of senatorial intervention in major sectors. Whether one attributes these gaps to constraints of the Senate’s systems or individual legislative capacity, the perception of underdelivery is widespread enough to warrant serious attention from party leaders.
For now, this dissatisfaction has not translated into rejection of the APC. Instead, it has taken the form of an expectation to do better next time. Voters in Ogun Central are not asking for a fundamental change in the party structure or traditions. They are asking for the incorporation of wider grassroots inputs and candidates’ worthiness in the process.
This presents both a challenge and an opportunity. The challenge is that the culture of selecting candidates through elite consensus without genuine grassroots consultation is a risk that may worsen the growing disconnect between elected representatives and the communities they serve. Political observers across the nation have questioned this practice repeatedly, and Ogun Central may be feeling its effects most.
The opportunity lies in what the APC does with this feedback. The party’s senatorial selection is not a formality to be managed. It places a decisive moment for public trust at the feet of the party leaders. It is also an opportunity to reposition the district for future outcomes. That means looking beyond the financially powerful or politically connected aspirants and instead evaluating candidates on measurable criteria like competence, work experience, community engagement, and constituency presence.
There is also a broader shift worth noting. The era in which financial muscle alone could determine electoral outcomes is visibly passing. Many voters across southwestern Nigeria, especially our people, are increasingly attentive to antecedents, accountability, and impact. They want representatives who can speak with authority in the Red Chamber, secure federal projects, and translate legislative work into visible improvement in their daily lives.
None of these is to suggest that Senator Salisu’s tenure should be written off. A single term in the Senate, particularly within Nigeria’s complex federal system, does not allow for a complete verdict. But it is sufficient for the electorate to form impressions, and those impressions should shape how the APC approaches 2027.
The path forward does not require the party to bring down the house. It only requires discipline. The leaders of Ogun Central APC would do well to begin inclusive consultations with stakeholders, community leaders, youth groups, women’s organisations, and ordinary party members so that the candidate who eventually emerges carries not just the party’s endorsement but also the people’s confidence.
The 2027 senatorial election will be more than a contest. It will be a test of whether the APC in Ogun State can translate its dominance at the polls into dominance in governance. The people of Ogun Central are watching, and their expectations are high. The party’s consideration or dismissal of the concerns raised above will influence public confidence in Ogun State.
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Alleged $1.5m Fraud: Court Dismisses Preliminary Objections, Bail Application of Intermediate Investment Holdings Boss, Ufoma Joseph Immanuel in Lagos
Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday, May 7, 2026, dismissed the preliminary objections and bail application filed by the boss of Intermediate Investment Holdings Limited, Ufoma Joseph Immanuel, over an alleged $1.5 million fraud.
The Economic and Financial Crimes Commission, EFCC, on Wednesday, March 11, 2026, arraigned Immanuel, alongside his company, Intermediate Investment Holdings Ltd., on a two-count charge bordering on obtaining by false pretence and forgery to the tune of $1.5m.
Count one reads: “UFOMA JOSEPH IMMANUEL and INTERMEDIATE INVESTMENT HOLDINGS LIMITED between April 2022 and October 2023 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, induced Adebisi Adebut of R28 Holdings Limited to deposit the total sum of S1, 500, 000.00 (One Million, five Hundred Thousand United States Dollars USD) as investment described as to wit: “Cash and or Capital Cost in Chappal Petroleum Development Company Limited; Business Development Cost in Intermediate Investment Holdings Limited: Capital and or Capital Call in Chappal Energies Mauritius Limited” on the understanding that R28 Holdings Limited will be; (a) reimbursed the investment amount (b) paid a Development Capital fee of $2 250,000.00. (Two Million, Two Hundred and Fifty Thousand Dollars) (c) 22.4% worth of shares in Intermediate Investment Holdings Limited which representation you knew to be false.”
Count two reads: “UFOMA JOSEPH IMMANUEL, sometime between April 2022 and April 2025 in Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, forged a document to wit: TERM SHEET and purporting same to have been executed by Sherrif Oluwo and Olaniran Osotuyi in order to facilitate your obtaining money by inducement from Adebisi Adebutu of R28 Holdings Limited.”
The defendant pleaded “not guilty” to the charge preferred against him.
Following the defendant’s “not guilty” plea, the prosecution counsel, Babatunde Sonoiki, asked the court to fix a date for the commencement of trial and also prayed the court to remand the defendant in the custody of the International Criminal Police Organization, INTERPOL, pending the conclusion of its investigation.
Sonoiki also narrated how the defence counsel, Oluseun Awonuga, SAN, had physically assaulted his colleague, Emenike Mgbemele, at the sitting on March 2, 2026.
According to him, “My lord, the learned silk, physically assaulted my colleague on the staircase on his way to serve the defendant the charge as directed by the court.
“There is a video to that effect and we intend to tender it before the court.”
Though Awonuga did not respond to the allegation made against him by the prosecution counsel, he informed the court of a preliminary objection and a written address dated January 5, 2026, while urging the court to discountenance the counter-affidavit of the prosecution.
The prosecution, in a 21-paragraph counter-affidavit dated February 9, 2026, had urged the court to dismiss the notice of preliminary objections.
According to Awonuga, the Federal High Court, in a ruling, had ordered the EFCC not to arrest the defendant.
“EFCC has flouted the order by arresting the defendant and I hereby urge your lordship to discountenance their counter- affidavit,” he said.
Responding, the prosecution counsel, Babatunde Sonoiki, said that the ruling was part of the motion that had earlier been withdrawn by the defence and should not be before the court.
“ There is nowhere in the ruling that says the defendants cannot be arraigned in a court of competent jurisdiction.
“My lord, the ruling was delivered in a civil case; and according to the Supreme Court, a criminal case and civil case can go on at the same time.
“We urge the court to dismiss the application and order accelerated hearing in this case,” Sonoiki had said.
After listening to both parties, Justice Dada had, consequently, adjourned the case till May 7, 2026 ( today) for ruling.
Ruling on the application , Justice Dada held that: “The preliminary objection is baseless and the entire application is lacking in merit; and it is hereby dismissed.”
Also, Justice Dada, in her ruling on the bail application of the defendant, held that “On the basis of considering the antecedent of the defendant for not honouring the invitation of the applicant after he was granted administrative bail, I agree with the complainant that he is a flight risk; therefore, bail is refused.”
Justice Dada adjourned the case till June 24, 26, 29 and 30, 2026 for the commencement of trial.
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Ogun Central APC Race: ‘I Remain in the Contest’ — Sofela Declares Amid Consensus Speculation
By Solanke Ayomideji Taiwo
ABEOKUTA — A frontline aspirant for the Ogun Central Senatorial seat under the platform of the All Progressives Congress (APC), Emmanuel Adebola Sofela, popularly known as Shoffi, has dismissed widespread speculations that he has withdrawn from the race in favour of another aspirant .
Sofela described the reports making rounds in some political circles as “false, misleading and the handiwork of political detractors,” insisting that he remains fully committed to his ambition of representing Ogun Central Senatorial District at the National Assembly.
In a statement made available to journalists on Friday, the APC stalwart urged his supporters, political associates and loyalists across the six local government areas that make up Ogun Central to disregard the rumours and remain resolute in their support for his aspiration.
According to him, there has never been any agreement or arrangement for him to step down for any aspirant to emerge as a consensus candidate of the party.
“I want to categorically state that I have not stepped down for anyone in the Ogun Central Senatorial race. The rumours flying around are entirely false and should be ignored by all my supporters and members of the public,” he said.
Sofela expressed confidence in his chances of securing the APC ticket, stressing that his popularity, political experience and grassroots connection across the district place him in a strong position ahead of the party primaries.
The senatorial hopeful reiterated his determination to provide quality representation for the people of Abeokuta South, Abeokuta North, Odeda, Obafemi-Owode, Ifo and Ewekoro local government areas if elected into the Senate in 2027.
He noted that his aspiration is driven by a genuine desire to contribute meaningfully to the development of Ogun Central through effective legislation, empowerment programmes and people-oriented policies.
“My ambition is rooted in service to the people. I remain committed to the vision of giving Ogun Central a strong voice in the Senate and facilitating developmental initiatives that will positively impact our people,” Sofela added.
The APC chieftain further appealed to party members to remain united and avoid distractions capable of causing division within the party structure ahead of future political activities.
Political observers in the state believe the race for Ogun Central Senatorial seat is gradually gathering momentum as aspirants continue consultations and grassroots mobilization across the district ahead of the 2027 election cycle.
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