Connect with us

Politics

Viability of States in Nigeria should be our next focus

Published

on

Viability of States in Nigeria should be our next focus-

Viability of States in Nigeria should be our next focus-

Dr. Kayode Akinsola

 

 

 

Kayode Akinsola is Doctor of Business Laws and Corporate Governance, he speaks with our correspondent and task President Tinubu on a path to chart in revamping the Nigeria Economy.

 

1. There is a new political dawn and this time calls for more concerted efforts in the areas of generation of IGR, especially by State governments ,what is your suggestions on how this can be achieved ?

Akinsola: Without being economical with the truth, only four States in Nigeria can survive within six months with a recourse to the monthly federal allocation. In actual fact, some states in Nigeria cannot two months salaries and overhead of their monthly dues in their respective states. This has not only made the state Governors indolent, but less creative from looking inward as to the abundance of what could empower their financial independence. You will recall that former President Obasanjo refused to disburse the monthly allocation of the Lagos for several months, how many states could weather such storm? My suggestion on how their viability could be achieved is that the individual state must have their investment arm, which should be apolitical, such agency must be accorded with a status of common patrimony. Equally, there is no state in Nigeria with no natural or Human Resources, how to generate funds through these funnels should be considered to make their states buoyant and have more abundance of resources.

 

Viability of States in Nigeria should be our next focus-

 

 

2. The new Electiricity Generation and distribution Law signed into Law by President Bola Ahmed Tinubu us another policy that guarantees the capacity of the states to enhance the capacity of small and medium scale businesses ad well as industrial concerns, how do you think this will translate to goodies for Nigerians?

Akinsola: Without mining words, it very difficult to survive in we had continued on the old order. The Generation and easy Distribution of power is a good step in the right direction that was made by President Tinubu, and this should be embraced by the State Governors. The privatization and deregulation in the power sector started under the leadership of former President Obasanjo, and beyond the purchase of the National Electricity Power Authority (NEPA) or Power Holding Company of Nigeria (PHCN), the Capitalists in conjunction with States should tap into the new Laws in making electricity available to the SMEs, thus it is good development.

3. The need to increase the minimum wage for workers to cater for the shortfall of expenses for the minimum wage has been one if the raging issues in recent times do you think some states would be able to muscle up the capacity to pay what would be regarded as living wage ?

Akinsola: Truthfully, majority of the State governments cannot afford the minimum wage being demanded by the Labour congress, but when the workers too take a cursory look on what the political office holders are earning as emoluments, it is natural for them to agitate. The end point of all these increment is inflation, and this has started growing by the day.

4 What is your assessment of the current IGR projections for states and what should be done to jump-start things ?

Akinsola: Majority of the States are not generating enough IGR, atimes they inflate their IGR and one wonders the reason for their inability to meet up with their financial obligations. Beyond the Federal Allocation and State Taxes, there are other mechanisms that could be set in motion to increase the IGR of each state, depending on their potential and peculiarities.

5. Apart from electricity which is the most popular , what other way can the Federal government be enjoined to release more powers to states in order to be more viable?

Akinsola: Majority of the powers that are resident in the exclusive list in our constitution today, ought to have been relinquished to the State Governments. Items like Mining, Waterways and major taxes. By doing this, the state governments will have more earning capacity.

6. What are the factors that determine the economic viability of states ?

Akinsola: There are many of them, but I will mention just few. The business environment and governmental policies of each state are determining factors, other variables are availability of Skilled and unskilled workers, infrastructures within the state, natural resources and access to capital.

7. What is your opinion about the free flow of the naira which is a new policy of the Federal government through the CBN?

Akinsola: Though, it looks like a wrong policy, it remains one of the best decisions ever made by President Tinubu lately. With the free flow, many fiscal uncertainties will reduced, exporters will now earn more money on their exports, which in effect aids our GDP and brings deflation. Diaspora remittance as well as moping up of excess liquidity of Naira in our system.

For me, it would also boost the revenue of the government through additional remittances of the exchange rate and excess to the federation account by the Central Bank of Nigeria. The goodies in some of these policies will be felt in less than a year, not immediately.

8. How should the fuel subsidy accrual be managed to ensure that everyone benefits ?

Akinsola: Everyone cannot benefit from the proceeds of Subsidy instantly. Nigeria as a Nation has been servicing debts over the years, and one advantage of its removal (subsidy) is that it will lower our debt burdens. With such, we can then begin to further create enabling environments that aids foreign investment, job creation among others.

9. Do you support restructuring and in what form?

Akinsola: People have come to argue that Changing or suspending the current Constitution is the only panacea to restructuring, and I have consistently differ on this. If the President and State Governors could put few policies in place, I am sure the restructuring would take place immediately. We all know that the majority of budget goes to recurrent expenditure and we import more than we export among other issues. I am of a great conviction that the viability and sustainability of each state will surely berth a new wave of restructuring.

 

10. Who is Barrister Kayode Akinsola ?

Dr. Kayode Akinsola is the founding Partner of Queens Attorneys and teaches Law at the Chrisland University in Ogun State.

Politics

AMBO and the Osun Governorship Race: Assessing the Man, the Politics and the Vision

Published

on

of Asiwaju Munirudeen Bola Oyebamiji,

AMBO and the Osun Governorship Race: Assessing the Man, the Politics and the Vision

 

As political activities gather momentum ahead of the 2026 Osun State governorship election, a public affairs commentator, Oluseyi Olonade, has described the emergence of Asiwaju Munirudeen Bola Oyebamiji, popularly known as AMBO, as a significant development in the state’s political landscape.

In an article titled “Oyebamiji: The Man, The Politics and The Aspiration,” Olonade argued that the All Progressives Congress governorship hopeful possesses the character, experience and vision needed to reposition Osun State for sustainable growth.

According to the writer, Oyebamiji’s appeal stems from his extensive background in the banking sector, where he spent nearly three decades working with institutions including Wema Bank, Trans International Bank, Spring Bank and Enterprise Bank.

A native of Ikire in Irewole Local Government Area, Oyebamiji was described as a technocrat whose experience in corporate governance, finance and risk management has shaped his approach to public administration.

The article noted that his public service journey gained prominence in 2012 when he was appointed to oversee the then Osun State Investment Company Limited. Under his leadership, the organisation was reportedly restructured and transformed into Omoluabi Holdings Limited.

The writer further highlighted Oyebamiji’s tenure as Commissioner for Finance under successive APC administrations, where he was credited with managing the state’s finances during challenging economic periods.

Olonade also referenced Oyebamiji’s appointment as Managing Director of the National Inland Waterways Authority, describing it as further evidence of his administrative and leadership capabilities.

The article contrasted Oyebamiji’s governance philosophy with that of the current administration in Osun State, arguing that the APC aspirant favours institutional reforms, economic diversification and fiscal discipline.

of Asiwaju Munirudeen Bola Oyebamiji,

According to the writer, Oyebamiji’s proposed agenda includes strengthening transparency in government spending, expanding internally generated revenue, attracting private-sector investments and promoting industrial and agricultural development.

The article also highlighted youth empowerment, entrepreneurship development and digital skills acquisition as key components of his vision for the state.

Olonade concluded that the forthcoming governorship election would present voters with a choice between different approaches to governance, expressing confidence that Oyebamiji’s experience and developmental agenda make him a strong contender in the race.

 

 

Continue Reading

Politics

Oselu Tiwa nTiwa Endorses Oriyomi Hamzat for Oyo Governorship

Published

on

*Oselu Tiwa nTiwa Endorses Oriyomi Hamzat for Oyo Governorship* A sociopolitical support group in Oyo State, Oselu Tiwa nTiwa, has declared its support for Alhaji Oriyomi Hamzat as the authentic governorship candidate of the Accord Party ahead of the forthcoming governorship election in the state. The group made its position known in a statement jointly signed by its President, Mr. Adewale Oluwaseyi and Secretary, Alh. Adebayo Oyewole, on Thursday, describing Hamzat as a grassroots figure with strong connection to the people and a track record of humanitarian interventions across Oyo State. According to the group, the endorsement followed what it described as careful observation of Hamzat’s leadership qualities, compassion and dedication to the welfare of ordinary citizens. “Oriyomi Hamzat has consistently demonstrated empathy, courage and selfless commitment to humanity. Through his numerous interventions in the lives of ordinary citizens, he has become a symbol of hope to many families and communities,” the statement read. Oselu Tiwa nTiwa also appealed to the national leadership of the Accord Party to prioritise the long-term future and electoral growth of the party in its decision-making process. The group noted that Hamzat’s candidacy presents an opportunity for the party to strengthen its grassroots support base and expand its political relevance across Oyo State. “We respectfully appeal to the National Leadership of the Accord Party to look beyond immediate political calculations and consider the bigger picture, the future growth, stability and electoral success of the party in Oyo State and beyond,” the statement added. The group further expressed confidence in the leadership of the party, saying it believes the party’s national officers and stakeholders would take decisions that reflect fairness, inclusiveness and the collective interest of members. While calling on party loyalists to remain calm and united, Oselu Tiwa nTiwa said continued consultations among stakeholders would help strengthen the Accord Party ahead of the election. Signed: Alh. Adebayo Oyewole, Secretary.

*Oselu Tiwa nTiwa Endorses Oriyomi Hamzat for Oyo Governorship*

 

A sociopolitical support group in Oyo State, Oselu Tiwa nTiwa, has declared its support for Alhaji Oriyomi Hamzat as the authentic governorship candidate of the Accord Party ahead of the forthcoming governorship election in the state.

 

The group made its position known in a statement jointly signed by its President, Mr. Adewale Oluwaseyi and Secretary, Alh. Adebayo Oyewole, on Thursday, describing Hamzat as a grassroots figure with strong connection to the people and a track record of humanitarian interventions across Oyo State.

*Oselu Tiwa nTiwa Endorses Oriyomi Hamzat for Oyo Governorship* A sociopolitical support group in Oyo State, Oselu Tiwa nTiwa, has declared its support for Alhaji Oriyomi Hamzat as the authentic governorship candidate of the Accord Party ahead of the forthcoming governorship election in the state. The group made its position known in a statement jointly signed by its President, Mr. Adewale Oluwaseyi and Secretary, Alh. Adebayo Oyewole, on Thursday, describing Hamzat as a grassroots figure with strong connection to the people and a track record of humanitarian interventions across Oyo State. According to the group, the endorsement followed what it described as careful observation of Hamzat’s leadership qualities, compassion and dedication to the welfare of ordinary citizens. “Oriyomi Hamzat has consistently demonstrated empathy, courage and selfless commitment to humanity. Through his numerous interventions in the lives of ordinary citizens, he has become a symbol of hope to many families and communities,” the statement read. Oselu Tiwa nTiwa also appealed to the national leadership of the Accord Party to prioritise the long-term future and electoral growth of the party in its decision-making process. The group noted that Hamzat’s candidacy presents an opportunity for the party to strengthen its grassroots support base and expand its political relevance across Oyo State. “We respectfully appeal to the National Leadership of the Accord Party to look beyond immediate political calculations and consider the bigger picture, the future growth, stability and electoral success of the party in Oyo State and beyond,” the statement added. The group further expressed confidence in the leadership of the party, saying it believes the party’s national officers and stakeholders would take decisions that reflect fairness, inclusiveness and the collective interest of members. While calling on party loyalists to remain calm and united, Oselu Tiwa nTiwa said continued consultations among stakeholders would help strengthen the Accord Party ahead of the election. Signed: Alh. Adebayo Oyewole, Secretary.

According to the group, the endorsement followed what it described as careful observation of Hamzat’s leadership qualities, compassion and dedication to the welfare of ordinary citizens.

 

“Oriyomi Hamzat has consistently demonstrated empathy, courage and selfless commitment to humanity. Through his numerous interventions in the lives of ordinary citizens, he has become a symbol of hope to many families and communities,” the statement read.

 

Oselu Tiwa nTiwa also appealed to the national leadership of the Accord Party to prioritise the long-term future and electoral growth of the party in its decision-making process.

 

The group noted that Hamzat’s candidacy presents an opportunity for the party to strengthen its grassroots support base and expand its political relevance across Oyo State.

 

“We respectfully appeal to the National Leadership of the Accord Party to look beyond immediate political calculations and consider the bigger picture, the future growth, stability and electoral success of the party in Oyo State and beyond,” the statement added.

 

The group further expressed confidence in the leadership of the party, saying it believes the party’s national officers and stakeholders would take decisions that reflect fairness, inclusiveness and the collective interest of members.

 

While calling on party loyalists to remain calm and united, Oselu Tiwa nTiwa said continued consultations among stakeholders would help strengthen the Accord Party ahead of the election.

 

Signed:

 

Alh. Adebayo Oyewole,

Secretary.

Continue Reading

Politics

Atiku Set To Clinch ADC Presidential Ticket, Leads Amaechi, Hayatu-Deen In 34 States

Published

on

Atiku Set To Clinch ADC Presidential Ticket, Leads Amaechi, Hayatu-Deen In 34 States

Atiku Set To Clinch ADC Presidential Ticket, Leads Amaechi, Hayatu-Deen In 34 States

 

 

Former Vice President of Nigeria and frontline presidential aspirant of the African Democratic Congress (ADC), Atiku Abubakar, is projected to emerge winner of the party’s presidential primaries, according to impeccable sources in Abuja.

The primaries, conducted across over 8,000 wards in the 36 states of the federation and the Federal Capital Territory, reportedly placed Atiku far ahead of his closest rivals — former Rivers State Governor, Rotimi Amaechi, and former Chairman of the Nigerian Economic Summit Group, Mohammed Hayatu-Deen.

Atiku Set To Clinch ADC Presidential Ticket, Leads Amaechi, Hayatu-Deen In 34 States

Highly placed party insiders disclosed that Atiku is currently leading in 34 states, including the FCT, after securing dominance across the 19 Northern states, the five South-East states, and the six South-West states, while also maintaining a strong showing in at least three states in the South-South geopolitical zone.

The sources added that the outcome reflects what they described as “an overwhelming nationwide acceptance” of the former vice president within the opposition party ahead of the 2027 general election.

Meanwhile, the ADC leadership has invited members of the press to the official announcement of the final collated results scheduled for 11:00 a.m. on Tuesday, May 26, 2026, in Abuja.

The declaration of results is expected to be broadcast live on ARISE Television and two other major television stations, while also being livestreamed on the party’s official social media platforms on X and Facebook.

Speaking ahead of the announcement, the founding National Chairman of the ADC, Chief Ralph Nwosu, said the decision to televise the exercise live was aimed at promoting transparency and democratic accountability.

“We want millions of Nigerians at home and in the Diaspora to witness democracy in action,” Nwosu said.

He further revealed that the party leadership would encourage all three presidential aspirants to publicly embrace a peace accord and commit themselves to working together in unity for the party’s success.

According to him, the move is necessary to strengthen internal cohesion and position the ADC for victory in the presidential election scheduled for January 16, 2027.

Details later.

Continue Reading

Cover Of The Week

Trending