Politics
Which Way Nigeria: The Imperatives of A New Economic Direction
*Which Way Nigeria: The Imperatives of A New Economic Direction*
By Dapo Otubanjo, a financial analyst & real estate entreprenuer
After eight months in the Villa, the clock ticking on President Tinubu’s administration has gathered enough time for us to start seeking accountability for his actions, and the delivery of his electoral promises to a Nigeria with an urgent need for national renaissance, and a new economic direction.
The realities of our lives today as Nigerians is gravely incongruous to the promise to renew hopes, and reinvent the economy for a new era of opportunities, and prosperity for all of us. The agony of excruciating economic stagflation is now more widespread, and tending towards a period of national economic depression.
Nigerians understand, and have demonstrated severally in time past, that when time and government change, so must we the people as “new challenges require new responses”. Unfortunately the economic pains of this era are like a disaster with no solution in sight, leaving most folks in the terrifying situation of inadequate household income for survival talkless of a decent living.
Given Nigeria’s precarious economic situation post Buhari’s government of destructive economics, there was no doubt about the need, and urgency for appropriate reforms to reorganize the country for economic recovery, and national security. And whilst the reforms of Tinubunomics are requisite liberal policy prescriptions, the executions are mired in premature timing, terrible implementation, and insensitive partisan gloating over the government’s audacity to introduce the reforms rather than a democratic tolerance for national discussions on the devastating consequences of its impacts as leverage to gauge acceptance, and gather citizens feedbacks for reviews, adjustments, and corrective measures in its areas of deficiencies, and ineffectiveness.
However the opportunity still exist, for correction and, to arrest our miserable spiral towards economic doomsday, and President Tinubu must hurriedly embrace the wisdom to do a reset, and refine the wrong elements of his reforms for the achievement of better outcomes in critical areas of job creation, reducing, and stabilizing both the value of the naira, and inflation, and attracting significant local, and foreign investments for the immediate task of economic recovery, and recreation of a vibrant middle class that was totally wiped out by the previous APC government, and long term goals of industrialization, and sustainable growth in the economy, and our export sector.
The best, and most imperative solution, and palliative for the rising cost of living is immediate wage increase across all sectors. The Federal government must seek to achieve wage increase of two hundred thousand naira for Federal workers, negotiate with the states for one hundred and fifty thousand naira for all state employees, and push the private sector towards fifty thousand naira as the barest minimum for the lowest set of workers to fuel consumer spending that was hitherto dwindling for obvious reasons, and improve households financial resources to minimally mitigate against worsening economic situation.
The inflationary effects of an unstable naira need a freeze otherwise the application of wage increase will be futile, and become a continuous demand. It is imperative for the government to return the provision of interventions in the FX market through partial exchange rates management until all foreign investors seeking full liberalization are willing to bring in their funds, and/or when the sale of government assets, and export earnings are sufficient enough to provide adequate supply for FX demands. The arbitrage gains of FX trading in the previous APC government made FX business highly profitable with devastating practices of round tripping, and speculative FX trading that continuously encourage a large number of folks to hoard, and hold on to a large pool of foreign currencies at the expense of a free fall in the value of the naira.
Through the CBN, the government need to urgently introduce appropriate monetary measures to curb these practices, and incentivize the release of more foreign currencies into the market.
Our national challenges cannot be resolved by government alone but the government have a crucial role to play in setting the agenda, and transforming the private sector into a pivot for growth, and national development. President Tinubu should as a matter of national emergency deploy all presidential support for the Dangote, and other refineries to achieve refining capacity sufficient enough for local fuel consumption, and make provisions to export excess supply to the West African sub region. And use the support, and other regulatory instruments to negotiate a stable fuel price over three to five year period as further safeguard against inflation, and forex pressure on the naira.
So many of our Federal assets are wallowing in the inefficiencies of terrible operations, corrupt government practices, and nepotistic managements delivering inadequate, and unreasonable returns for the Nigerian state. There should be an urgent consideration for their privatization, and sales to generate requisite, and significant revenues to shore up the economy, and engineer a long term foundation for sustainable growth, and national prosperity.
Our demands, and exploration for foreign investments must seek prospects in the Middle East, and some parts of Asia where there are abundance of liquidity for investment capital, and great probability for immediate result. The president should constantly deploy his most brilliant envoys to the region for continuous negotiations, and schedule all presidential investment travels around the region for closing of appropriate investment deals.
Recently, the government launched over a hundred billion naira housing programme. As good, and commendable that is, it is still a drop in the ocean, and too meagre for any significant social, and economic impact for a nation of over two hundred million population. We must seek to raise trillions of naira within a short term for the substantial growth of the sector, and its exponential impacts on the economy, and provide complementary infrastructure for urbanization, rural connections, and the financial reform of our mortgage system to reduce interest rates, increase period, and affordability, and expand access to more households. We have a large pool of idle funds in various pension schemes, and must explore a viable government means for these funds to find profitable returns in real estate business opportunities.
The erosion of value in our banking sector capitalization levels are critical challenges for our national ambitions, and obviously needs urgent rounds of renewal towards the trillions of naira capitalization threshold to adequately fund the expansion of national productivity, manufacturing, sustainable large scale credit industry, and a new middle class.
And those super highways (SHW) the president promised us need to start coming alive in urgent, and huge contract awards, and accelerated construction works as credible means to connect communities, and states across the country, and ease the movement of people, and products. Our rail networks need significant improvements, and expansion with appropriate security measures to complement the comprehensive renewal, and expansion of our transport means, and its impact in the boosting of trade, and commerce.
Generations of Nigerians have endured economic crises at different times of bad governance often with the deceptive cliché that the situation will eventually get better. President Tinubu must make a departure from that decades old political narrative, and explore credible means within the limitless possibilities of our potentials to stimulate immediate economic recovery, and long term sustainable growth, secure, and unite the country, and deliver the promise of a developing nation.
Today’s worsening economic situation is not a new territory for Nigeria as we have often travelled through tough national periods of economic stagnation, and recession, widespread poverty, and underdevelopment. The president should reasonably review thoroughly the economic reforms of the democratic government of 1999 – 2007, and draw appropriate economic lessons from the successful economic reforms of that era in reasonable FX market, and inflation management, naira stabilization, privatization, bank consolidation, the commencement of a credit system that was subsequently unscaled, a widening middle class, and amazing economic growth that put Nigeria at the forefront of the globally acclaimed narrative of Africa rising. And essentially gave a national rebirth to the audacious can do spirit of the Nigerian folks. It was an era of incredible demonstration of what we can achieve together through collective actions, and visionary leadership, and we must seek to replicate the same economic results as a navigating path out of our current economic downturn.
The current generation of Nigerians possess all that we require to transform ourselves from a nation perpetually travelling in the wrong direction into a developing country of proud citizens. The onus is essentially the president’s to lead from the front, and set forth a clear vision with opportunity for everyone to make appropriate contributions towards sustainable growth, and national development.
Tough times define great leaders. And time, and chance they say happen to all of us. There is a great moment for the president to seize, and more importantly for the sake of our nation, we hope he takes this period as an incredible chance to cement the foundation of his legacy, and unfold the greatness of Nigeria.
Politics
Pro-Tinubu Group Demands Sack of Badaru, Other Ministers Who Lost Polling Units in Bye-Elections
Pro-Tinubu Group Demands Sack of Badaru, Other Ministers Who Lost Polling Units in Bye-Elections
The Asiwaju Network has called on President Bola Ahmed Tinubu to immediately disengage underperforming ministers who failed to deliver their polling units and wards during the just-concluded bye-elections.
The group also urged a cabinet reshuffle to inject fresh energy and ensure that only those who can add political and governance value remain in the Federal Executive Council.
In a statement issued on Monday in Abuja and signed by its president, Alhaji Musa Ibrahim Dandoka, the Asiwaju Network said the results of the elections were a litmus test that exposed the political weaknesses of some ministers entrusted with strategic national assignments.
At Babura Kofar Arewa Primary School in Jigawa State, where the Minister of Defence, Alhaji Muhammad Badaru Abubakar, cast his vote, the Peoples Democratic Party (PDP) scored 308 votes to defeat the All Progressives Congress (APC), which managed only 112.
Badaru, a former governor of Jigawa and APC chieftain, left the venue without addressing journalists after casting his vote amid heavy security presence.
Dandoka said it was troubling that, despite his high office, the Defence Minister could not secure victory in his polling unit.
He argued that such political setbacks undermine the strength of the APC and the credibility of President Tinubu’s Renewed Hope government.
“This defeat is both embarrassing and unacceptable. A minister who cannot win his polling unit cannot claim to possess the political capital required to defend the APC or promote the President’s Renewed Hope Agenda. President Tinubu must act quickly to weed out weak links in his cabinet and replace them with men and women who have proven grassroots capacity,” Dandoka stated.
The group noted that Badaru was not alone in this failure, stressing that another minister from Jigawa and one from Enugu State also lost their wards and polling units.
According to the group, these developments point to a worrying trend of disconnect between certain ministers and their political bases.
“Ministers are not merely technocrats. They are political leaders of the party in their states and zones. If they cannot hold their homes together, then they do not deserve to hold on to strategic national offices. The bye-elections have sent a clear message, and it is that some ministers have lost relevance and electoral value,” the statement reads.
The Asiwaju Network maintained that the APC’s strength lies in grassroots mobilisation, and any minister unable to inspire loyalty within his immediate constituency is a liability.
Dandoka emphasised that President Tinubu’s success in governance must be matched with political consolidation, which requires capable and electorally grounded cabinet members.
“President Tinubu has been bold with tough decisions on subsidy reforms, the economy, and security. Nigerians are beginning to see the fruits of those reforms. But he must also be bold enough to reshuffle his cabinet. A government of results cannot afford ministers who are passengers. The President needs proven drivers of the Renewed Hope vision,” Dandoka said.
The group also commended loyal APC members and supporters who defied intimidation and attempts at rigging in Jigawa and Enugu, saying their resilience was the true strength of the ruling party.
“These members stood firm when those at the top failed to inspire confidence. They turned out in their numbers to defend the APC’s relevance even when some of their supposed leaders abandoned them. These grassroots soldiers of democracy must never be taken for granted,” Dandoka added.
The Asiwaju Network further urged President Tinubu to take the bye-election results as a warning, cautioning that retaining non-performing ministers would embolden the opposition and demoralise party loyalists.
“The message from Jigawa and Enugu is clear: the APC cannot continue to reward failure. A minister who cannot secure a few streets in his ward has no business in the Federal Executive Council. Mr President must urgently rejig his cabinet or risk carrying dead weight into future electoral contests,” the coalition warned.
Reaffirming the group’s loyalty to Tinubu’s leadership, Dandoka said Nigerians expect a government that rewards competence and accountability, not excuses and political failures.
“President Tinubu has the people’s mandate. He must not allow weak ministers to drag down his vision. A decisive cabinet reshuffle now will send a strong signal that the Renewed Hope government is serious about performance, delivery, and results,” he declared.
Politics
Customs at the Crossroads: When Lawmakers Look Away and the Executive Looks Aside
Customs at the Crossroads: When Lawmakers Look Away and the Executive Looks Aside
By Dr. Bolaji O. Akinyemi
In a democracy, legislative oversight is the scalpel that cuts through deceit, inefficiency, and corruption in public institutions. It is the people’s last institutional shield against abuse of power. But what happens when that shield becomes a shelter for the very rot it is meant to expose? And what happens when the Executive arm, whose duty is to supervise its agencies, pretends not to see?

The unfolding drama between the National Assembly and the Nigeria Customs Service (NCS) reveals more than a policy dispute. It exposes a dangerous triangle of confusion, complicity, and economic sabotage. At stake is not only the rule of law but the survival of an economy already gasping under inflation, a weak naira, and suffocating costs of living.
The House Talks Tough
In June 2025, Nigerians saw a glimpse of legislative courage when the House of Representatives Committee thundered at Customs:
> “Nigerian Customs Service, by June 30, must not collect CISS again. You are to collect only your 4% FOB assigned by the President. Even the 7% cost of collection you currently take is illegal—it was an executive fiat of the military, not democratic law. Any attempt to continue these illegal collections will be challenged in court. The ‘I’s have it.”
The voice was firm, the ruling decisive. Nigerians expected a turning point.
But the righteous thunder of the House was quickly muffled by the Senate’s softer tone, which suggested not the enforcement of the law but a readiness to bend it.
Senate: Oversight or Escape Route?
At a Senate Customs Committee session, Senator Ade Fadahunsi admitted openly that Customs has been operating illegally since June 2023. Yet rather than demand an end to illegality, he extended a lifeline to Comptroller-General Bashir Adeniyi:
> “If we come back to the same source… the two houses will sit together and see to your amendment so you will not be walking on a tight rope.”
But should Adeniyi be handed a loose rope while Nigeria’s economy hangs by a thread?
Instead of accountability, the Senate Customs Committee floated adjustments that would make life easier for Customs. The nation was given hints about fraudulent insurance and freight data, but instead of sanctions, what we saw was a search for escape routes. This is not oversight—it is overlook.
Smuggling and Excuses
The Senate Committee also lamented cross-border smuggling—Nigerian goods like cement flooding Cotonou, Togo, and Ghana at cheaper prices than in Nigeria. Senator Fadahunsi blamed the Central Bank’s 2% value deposit for encouraging the practice.
But where are the Senate’s enforcement actions—compliance checks, stiffer sanctions, cross-border coordination? None. The result is predictable: smugglers prosper, reserves bleed, and ordinary Nigerians pay more for less.
A Bloated Customs Budget
The Service’s 2024 capital allocation ballooned to ₦1.1 trillion from ₦706 billion. Instead of channeling these resources into modern trade systems, Customs is expanding empires of frivolity—such as proposing a new university despite already having training facilities in Gwagwalada and Ikeja that could easily be upgraded.
Oversight is not an afterthought; it is the legislature’s constitutional duty. To see waste and illegality and yet propose amendments that would legalise them is to turn oversight into overlook.
Customs has about 16,000 staff, yet many remain poorly trained. Rather than prioritise capacity building, the Service is busy building staff estates in odd locations. How does Modakeke—an inland town with no border post—end up with massive Customs housing projects, while strategic border towns like Badagry, Idiroko, and Saki remain neglected? Is Bashir Adeniyi Comptroller-General of Customs—or Minister of Housing?
The 4% FOB Levy: A Policy Blunder
The central controversy is the Federal Government’s plan to replace existing port charges with a new 4% Free-On-Board (FOB) levy on imports.
Nigeria is an import-dependent nation. This levy will instantly hike the costs of cars, spare parts, machinery, and raw materials—crippling industries and punishing consumers.
Already, the consequences are biting:
A 2006 Toyota Corolla now costs between ₦6–9 million.
Clearing agents who once paid ₦215,000 for license renewal must now cough out ₦4 million.
New freight forwarder licenses have jumped from ₦600,000 to ₦10 million.
Customs claims the revenue is needed for its modernisation programme, anchored on a software platform called B’Odogwu. But stakeholders describe this so-called “Odogwu” as epileptic—if not comatose. Why commit trillions to a ghost programme that will be obsolete by January 2026, when the Nigerian Revenue Service is set to take over Customs collections?
Industry Raises the Alarm
The Manufacturers Association of Nigeria (MAN) has warned that the levy will worsen inflation, disrupt supply chains, and hurt productivity.
Lucky Amiwero, President of the National Council of Managing Directors of Licensed Customs Agents, calls the levy “economically dangerous.” His reasoning is straightforward:
The 4% FOB levy is much higher than the 1% CISS it replaces.
Peer countries like Ghana maintain just 1%.
The new levy will fuel inflation, raise the landed costs of goods, and destabilise the naira.
He also revealed that the Customs Modernisation Act, which introduced the levy, was passed without Senate scrutiny or meaningful stakeholder consultation. He estimates that the levy could add ₦3–4 trillion annually to freight costs—burdens that will be transferred directly to consumers.
Who Is Behind the “Odogwu” Masquerade?
The haste to enforce this levy, despite its looming redundancy, raises disturbing questions. Who benefits from the “Odogwu” project draining trillions? Why the rush, when NRS will take over collections in a few months?
This masquerade must be unmasked.
The Price Nigerians Pay
For ordinary Nigerians, this policy translates into one thing: higher prices. Cars, manufactured goods, and spare parts are spiraling beyond reach. A nation struggling with inflation, unemployment, and a weak currency cannot afford such reckless experiments.
So, while the Senate looks away, the Executive cannot look aside.
The Executive Cannot Escape Blame.
It is easy to focus on the failings of the legislature. But we must not forget: the Customs Service is an agency of the Federal Ministry of Finance, under the direct supervision of the Honourable Minister of Finance, Mr. Wale Edun.
If Customs is breaking the law, wasting resources, or implementing anti-people policies, the buck stops at the Executive’s table. The Minister of Finance is Chairman of the Customs Board. To fold his hands while the Service operates in illegality is to abdicate responsibility.
History gives us a model. In 1999, the Minister of State for Finance, Nenadi Usman, was specifically assigned to supervise Customs and report directly to the President. Meanwhile, Ngozi Okonjo-Iweala focused on broader fiscal and economic policies. That division of responsibility improved accountability. Today, the absence of such an arrangement is feeding impunity.
President Tinubu and his Finance Minister must act decisively. Oversight without executive will is a dead letter.
A Call to Accountability
The truth is stark:
Customs has been operating illegally since June 2023 to the Senate’s own confession.
The 4% FOB levy will deepen inflation and worsen economic hardship.
The Ministry of Finance bears ultimate responsibility for Customs’ conduct.
Until importing and consuming, Nigerians demand accountability—of the Comptroller-General, the Senate, and above all, the Finance Ministry—this bleeding will continue.
Nigerians deserve better. They deserve a Customs Service that serves the nation, not a privileged few. They deserve a House that enforces its resolutions, not one that grandstands. They deserve a Senate that upholds the law, not one that bends it. And above all, they deserve an Executive that does not look aside while illegality thrives under its ministry.
Only public pressure can end this indulgence. If Nigerians keep silent, we will keep paying the price—in higher costs, weaker currency, and a sabotaged economy.
Citizens’ Charge: Silence is Not an Option
Fellow Nigerians, the Customs crisis is not a drama for the pages of newspapers—it is a burden on our pockets, our businesses, and our children’s future. Every illegal levy is a tax on the poor. Every abandoned oversight is an open invitation to corruption. Every silence from the Executive is an approval of impunity.
We cannot afford to fold our arms. Democracy gives us the power of voice, the duty of vigilance, and the right to demand accountability. Let us demand that:
The Senate and House of Representatives stop playing good cop, bad cop, and enforce the law without compromise.
The Ministry of Finance takes full responsibility for the Customs Service, supervising it in the interest of Nigerians, not vested interests.
The President intervenes now, before the Service crosses the dangerous line of turning illegality into policy.
History will not forgive a people who suffered in silence when their economy was bled by recklessness. Silence is complicity. The time to speak, to write, to petition, to protest, and to demand is now.
Customs must serve Nigeria—not sabotage it.
Dr. Bolaji O. Akinyemi is an Apostle and Nation Builder. He’s also the President of Voice of His Word Ministries and Convener Apostolic Round Table. BoT Chairman, Project Victory Call Initiative, AKA PVC Naija. He is a strategic Communicator and the CEO, Masterbuilder Communications.
Email:[email protected]
Facebook:Bolaji Akinyemi.
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Instagram:bolajioakinyem
Politics
Aare Adetola Emmanuel King Congratulates Hon. Adesola Ayoola-Elegbeji on Election Victory
Aare Adetola Emmanuel King Congratulates Hon. Adesola Ayoola-Elegbeji on Election Victory
The Chairman/CEO of Adron Group, Sir Aare Adetola Emmanuel King KOF, has congratulated Hon. Adesola Ayoola-Elegbeji on her resounding victory in the just-concluded by-election for the Remo Federal Constituency seat in the House of Representatives.
In a goodwill message issued by him, he described the victory as “a historic moment for the Remo people, coming at a time when the constituency yearns for a leader with vision, courage, and genuine commitment to service.”
He noted that the outcome of the election was an attestation to the trust and confidence reposed in Hon. Ayoola-Elegbeji by the people, adding that her sterling qualities, integrity, accessibility, and compassion for the grassroots had endeared her to the electorate.
“The overwhelming support you garnered at the polls is proof that you are the right voice at the right time to carry the aspirations of Remo to the national stage,” he stated.
While acknowledging that the by-election followed the painful demise of the late Hon. Adewunmi Oriyomi Onanuga (Ijaya), Aare Adetola Emmanuel King said Hon. Ayoola-Elegbeji’s emergence symbolizes the continuity of purposeful representation. He expressed confidence that she would not only sustain the legacy of her predecessor but also surpass it with new energy, innovative ideas, and progressive leadership.
The Adron Group Chairman further prayed for divine wisdom, strength, and compassion for the Member-Elect as she assumes office, expressing confidence that her tenure will usher in meaningful development, economic empowerment, and greater opportunities for the people of Remo Federal Constituency.
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