President of the Senate, David Mark has ordered a committee of the Senate to investigate the crisis that led to the shooting of one of their colleagues, Magnus Abe, from Rivers state.
Abe was allegedly shot at close range with a rubber bullet by the Police, and was immediately hospitalised. The Police, however, denied the allegation, saying the Rivers Police command does not have rubber bullets.
“My Distinguished Colleagues, Senators of the Federal Republic of Nigeria. I give thanks to God Almighty for His protection during the Christmas and New Year recess, and I am glad that we are all back hale and hearty to resume our legislative duties. I do hope that we all managed to get some rest amid the usual flurry of activities that marks the season and the inevitable interactions and engagements with our various constituents. At this moment in time however, my thoughts and prayers go to Distinguished Senator Magnus Abe, who we hear was injured in the commotion that erupted during a political event in Port-Harcourt”, Mark said while addressing senators after their long recess on Tuesday.
“When this incident was brought to my knowledge, I immediately directed the Chairman, Senate Committee on Police Affairs to make some preliminary findings and report back to me. As soon as he does, I will make the findings available to Senators. I also directed the Senate Leader and the Deputy Senate Leader to visit Senator Abe in London. In the same vein, I mandated the Chairman, Senate Committee on Media, to issue a statement condemning the violence and thuggery.
“I have also instructed the Senate Committees on Air Force and Police Affairs to investigate the incidents involving Senator Ali Ndume in Borno State and Senator Gbenga Obadara in Ogun State respectively. As we resume today, we will soon realize that it is not only our legislative responsibilities that will task our wisdom. Pervasive political tension arising from festering political disputes continues to engage the larger polity. Across the nation, governance appears to have been sacrificed on the altar of desperate political manoeuvres and feverish permutations aimed at out-flanking one another ahead of the 2015 elections.
“Blinded by naked ambition, the political class has so painfully forgotten the lessons of our national history, and has once again allowed the collision of vaulting personal ambitions to overheat the polity and undermine governance. Coming at a time when our nation is still transiting amid tremendous strains and enormous social and economic challenges, the emphasis on primordial politics at the expense of governance is irresponsible, and even dangerous. I have said this several times and even at the risk of sounding like a broken record, let me once again caution against provocative utterances. But here in the Senate, how we ride the challenge, and not let it deflect our focus from our constitutional responsibilities and our duty to our nation, will be a measure of our maturity as elder statesmen and women, democrats and patriots”.
Mark admitted that the nation is watching to see whether distinguished senators will uphold the dignity of their institution and their oath of office, or whether they would allow ourselves to become mere tools in factional political disputes and intra-party rows. He observed that in fragile and young democracies such as Nigeria’s, the cause of democracy is vastly served when statesmen and women refuse to sell the truth to serve the hour, adding that living true to their conscience as elder statesmen and women as well as distinguished senators is the challenge of this very hour, and it is a challenge that will define the social and political fabric of the country.
“The leadership, which we, as Senators have always collectively offered, compels us now to brace for these obvious political challenges, and to insist, as we have always done, on the primacy of the interest of the nation, and the welfare of our people. Our collective resolve, and our example as Senators of the Federal Republic, should serve as a powerful reminder to the political class that democracy’s fundamental raison d’être is to free the average citizen from the bonds of poverty, deprivation, disease and want.
“Our compatriots desire a society where every citizen, irrespective of tribe or class, is availed a socio-economic and political space that dispenses access to resources, privileges, and opportunities in a fair and just measure. The political class will certainly be judged by how far this ideal is attained, not by how much we ingratiate ourselves, advance our political careers or flaunt the panoply of high office.
“Therefore, distinguished colleagues, whether in or out of this chamber, we must lead by the force of our personal example. We must remain courageous and continue to demonstrate a clear and instinctive inclination for patriotism, self sacrifice, mature and responsible leadership. We are the members of an institution deliberately designed by our Constitution to balance the nation and to stabilize our polity. We live true to this creed, and to this constitutional responsibility, only when we rise above narrow and parochial considerations not only in our thoughts and words but also in our actions.
“Tribes and tongues may differ, and the sands of political allegiances may shift, but this chamber unites us, first and foremost as Senators of the Federal Republic, all sworn to promote the peace, order and good governance of our nation. Accordingly, our thoughts, words and actions should at all times be focused on the search for a better country; a search for peace and unity”.
Observing that there are just six months to the end of the current legislative year, Mark observed that the resumption of the plenary is confronted at once with a legislative agenda filled to the apex with unfinished legislative business. Lined up, and demanding immediate and prompt consideration, are the 2014 Appropriation bill, the Petroleum Industry Bill, Customs (Amendment) Bill, Pensions Reforms (Amendment) Bill, further review of the Electoral Act, the harmonization of the Senate and House positions on the amendment of the 1999 Constitution (as amended) amongst several other bills.
“In line with the imperatives of collaborative governance and fiscal responsibility, we will immediately commence the consideration of the budget estimates in a most robust and meticulous manner. And in spite of the estimates not arriving as early as we had expected, we will work to see that the 2014 Appropriation bill is passed as quickly as possible. In our evolving democratic practice, the point is now settled that parliament has the power to make inputs when considering Budget estimates”, he said.
“However, in exercising this constitutional power, every parliamentarian must bear in mind that an annual budget sets out an administration’s economic and social vision, and the fiscal means of attaining it. Parliamentary inputs should therefore reinforce and complement that vision. The executive arm should never and must not interpret this to mean a distortion of the budget. Once the 2014 budget is passed and signed into law, we will swiftly activate the weapon of oversight to drive for full implementation, and to insist on accountability, probity and transparency.
“We will not wring our hands in apathy and bemoan the lethargic implementation of the budget amid infrastructural decay and economic dysfunction. We will certainly work to ensure that the developmental goals underpinning the budget are fully realized. Let me place on record once more my appreciation of the somberness, insight, wisdom, patriotism, and dedication with which you have always discharged your constitutional duties.
“But pardon me if despite our strenuous efforts, I still ask more from you as we prime ourselves to face the items on the loaded legislative agenda, and as we continue to balance the polity. The challenges call for a definite improvement on our time consciousness, diligence and vigour. I am personally deeply pained and troubled by the strings of sordid revelations recently emerging even from high places. As a parliament, we will not prejudge the veracity or otherwise of these revelations.
“But every charge — every allegation or revelation of corruption — challenges parliament to be alert and to rededicate itself to its oversight responsibilities. The Constitution has charged us with the responsibility of exposing corruption in the administration of laws within our legislative competence and in the disbursement or administration of funds appropriated by us. It is a solemn responsibility that we should continue to live up to. However, whistleblowers must be prepared to back up their allegations with hard facts, and to substantiate them when called upon to do so”.
Mark also saluted the forbearance of the Academic Staff Union of Nigerian Universities (ASUU) in calling off the strike, expressing sincere hope that the conditions which allow protracted strikes to occur in any sector at all are quickly addressed and eliminated.
“As with the case of the ASUU strike, the Senate will always invest the full weight of its moral and constitutional authority to help stave off further industrial actions, even before they occur and to wade in to resolve them when they inevitably occur. In the spirit of the accommodation which the Federal Government has struck with ASUU, the grievances of the Academic Staff Union of Polytechnics (ASUP) should similarly be looked into, and quickly resolved”, he continued.
“Compromise and flexibility from both sides will help the ongoing efforts to resolve the stalemate. We commend the Super eagles for their performance in the ongoing 2014 African Nations Championship (CHAN). Our prayer is that the team should bring the cup home. Our nation is so immensely blessed in every ramification that every stratum should be made to believe in the promise which tomorrow surely brings. This Senate will at all times stand by the people, with the people and for the people”.
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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has offered whistleblowers between 2.5 per cent and 5 per cent of recovered stolen Nigerian assets held abroad for information that leads to their recovery.
Olukoyede disclosed this on Wednesday while delivering a lecture at the Cambridge International Symposium on Economic Crime in the United Kingdom.
According to him, the ability of EFCC operatives to trace assets, cooperation from the judiciary and access to credible intelligence have played important roles in the commission’s success in securing non-conviction-based forfeiture orders.
He also described the EFCC as having some of the best investigators in the world and stressed the importance of protecting and encouraging whistleblowers.
He said anyone with credible information about stolen Nigerian assets taken or hidden anywhere in the world could receive between 2.5 per cent and 5 per cent of the recovered assets as an incentive, with payment made after the recovery.
Olukoyede further revealed that the EFCC had forfeited cash and assets worth more than $500 million to the Federal Government within the past three years.
He cited several cases involving the recovery and forfeiture of assets, including cases linked to a former Chairman of the Central Bank of Nigeria and a former Attorney-General of the Federation.
The EFCC chairman explained that the commission is legally empowered to seek the forfeiture of suspected proceeds of crime by applying to the High Court for an order. He said the process is similar to procedures used in countries such as Australia and Canada.
Olukoyede also recalled a case involving an aircraft allegedly acquired by an individual who was accused of receiving about $30 million in bribes in connection with a power project. He said the aircraft was forfeited about three months ago and had subsequently been added to the presidential air fleet.
He also referred to a property containing about 753 housing units that was forfeited from a former CBN governor, against whom the EFCC has filed criminal charges in three courts.
Speaking about the immediate past Attorney-General of the Federation, Abubakar Malami, Olukoyede said the EFCC opened an investigation following allegations of abuse of office. He claimed that investigators traced about 57 properties to Malami and that approximately 48 of them had been forfeited.
The EFCC chairman further mentioned the forfeiture of a private university allegedly linked to a director in the Federal Ministry of Health. According to him, the official voluntarily surrendered the property following the commission’s investigation.
Olukoyede said the measures demonstrate the importance of asset tracing, international cooperation, credible intelligence and whistleblower protection in the fight against financial crime and the recovery of stolen public assets.
The Dangote Petroleum Refinery has raised concerns over the growing volume of imported petrol entering Nigeria, warning that it could be forced to export more of its own production if the trend continues.
The refinery said imported Premium Motor Spirit (PMS) made up roughly 43 per cent of the petrol supplied to the Nigerian market in July. It argued that the development was creating serious difficulties for a domestic refinery with the capacity to produce enough fuel for the country.
Dangote Refinery explained that it has maintained sizeable petrol reserves since commencing operations to ensure that consumers across Nigeria have access to a reliable supply. Keeping those reserves, it noted, requires substantial expenditure on storage, transportation and working capital.
However, the refinery said the continued granting of import licences without adequate information about expected import volumes has made it increasingly difficult to determine how much petrol should be produced and stored for the local market.
The company said holding large quantities of petrol becomes financially burdensome when there is no certainty about how much imported fuel will compete for the same market. It therefore considers exporting surplus stocks a more commercially viable option than allowing them to remain in storage indefinitely.
According to the refinery, increased exports in recent months should not be interpreted as evidence that Nigeria lacks sufficient refining capacity. Instead, the exports are being driven by excess stock resulting from unpredictable import volumes.
Dangote Refinery maintained that it remains fully committed to supplying the Nigerian market and has the capacity to meet or surpass the country's petrol requirements. It said its decision to export surplus products was aimed at managing inventory efficiently and avoiding unnecessary storage and financing expenses.
The refinery also warned that market disruptions caused by excessive imports could make it harder for domestic refiners to accurately predict demand. Any resulting supply problems, it said, should not automatically be blamed on local refineries.
It urged regulators and other industry stakeholders to improve transparency around petrol imports and strengthen coordination within the downstream petroleum market.
The company argued that policies that give greater support to domestic refining would help Nigeria reduce its dependence on imported fuel, conserve foreign exchange, strengthen energy security and maximise the economic benefits of investments in local refining infrastructure.
Dangote Refinery said it remains prepared to supply the country but stressed that a more predictable and transparent market environment is necessary for efficient production and inventory management.
Business
In The Spotlight
A group of heartless carpetbaggers have captured the Nigerian state, and it appears that they, their biological and political descendants, will hold the levers of government and access to Nigeria’s commonwealth for a long time to come.
When you consider news reports of how previous and current state actors steal public funds, buy choice properties in the toniest districts of Nigeria’s major cities, acquire private jets, and even establish private universities, you wonder if some people have more than two heads, to adopt a Yoruba phrase.
Either because of an inability to deliver the greatest good to the greatest number of Nigerian citizens, or by intention, the political elite have kept the people poor, causing them to depend on the largeness of heart of the same elite to meet their existential needs.
That explains why poor, downtrodden, and unconnected Nigerians eagerly collect crumbs of measly N5,000, rice, gari and whatever else the politicians offer to obtain their election votes or acquiescence after rigging the elections.
When watching an economically disadvantaged individual tell a politician who is seeking to become a legislator the good news that his wife just had a new baby, and he needed to prepare for the naming ceremony, it felt like the oppressed poor were enabling his oppressor to further oppress him.
It was like the classic case of Stockholm syndrome, of victims collaborating with their “captors” to cement the oppressive stranglehold that they already had over the state and the commonwealth of the nation, thus unwittingly arresting their own future development.
A running mate to a former governorship candidate in a Southwestern state hilariously regaled Nigerians with the story of how constituents would have raided all the alcoholic drinks in his refrigerator in the early hours of the morning, even before he woke from the hectic campaign tour of the previous day.
The political elite have practically cornered the Nigerian state for themselves, children, tribesmen and acolytes, and have devised a way to admit only those that they have found to be loyal, or pliable, into their rank of oppressors.
The oppression of the citizens of Nigeria is easily accomplished because of the high illiteracy level amongst the poor masses. The use of the weapon of illiteracy is more evident in Northern Nigeria, whose political leaders somehow turn a blind eye to the illiteracy and underdevelopment of their people.
In 2024, UNICEF revealed that out of Nigeria’s 18.3 million out-of-school children, about 12.1 million, or 66 per cent, were resident in the Northwest and Northeast regions. Yet, instead of expanding educational facilities and opportunities, some Northern governors are arranging mass weddings for children who are hardly out of their teen years.
And this is not to deny the weaponisation of illiteracy even in Obafemi Awolowo’s Western Region, which is regarded as the Athens of Nigeria, after its pre-Independence head start of free, universal and compulsory primary school education.
As if he had a premonition that Nigeria’s so-called democrats would eventually compromise education, to the detriment of the lowest and marginalised masses, that Karl Marx described as the “lumpen proletariat”, French political thinker Montesquieu argued a long time ago that “It is in a republican government that the whole power of education is required.”
Western Nigeria’s free education scheme was gradually abandoned from the days of the Second Republic when some Yoruba members of President Shehu Shagari’s political party knocked it off its bottom with the argument that “qualitative” education was better than “free” education.
It is more than a shame that a free, universal and compulsory primary school education scheme was abandoned under President Shagari, who not only was a trained teacher, but had a career as a teacher before his political career.
Awolowo had warned Nigeria’s political elite with the following quip: “The children of the poor that you failed to educate will not let your children sleep peacefully.” The insecurity that currently occurs in nearly every part of Nigeria only drives Awolowo’s point home.
Probably the realm of the Nigerian republic that has been most complicit with the carpetbagger political elite is the media, whose members either serve the elites as press secretaries who kill media brushfires, or editors who either run planted stories, or spike stories that the politicians do not want published.
The media is so compromised that it can hardly perform those responsibilities assigned to it by Section 22 of the Nigerian Constitution, which are to “be free to uphold the fundamental objectives contained in (Chapter II of the Constitution) and uphold the responsibility and accountability of the Government to the people.”
Some apologists have argued on behalf of the media that the political elite have so run the economy aground that the media, which can only thrive as commercial enterprises within Nigeria’s quasi-capitalist economy, cannot stay afloat, especially with the devastating inroads that the digital media are making into their audience, advertising revenue and profit.
The absence of regional economies, the argument goes, prevents the emergence of regional newspapers that can thrive on advertising revenues from regional companies, the way it obtains in the economies of North America and Western Europe. Many Nigerian newspapers, that are essentially regional, often pretend to be national to receive advertising revenue from companies whose market is national.
Two other collaborators of the political elite are the election management agencies and the judiciary at both the national and sub-national levels of government. The conspiracy between these agencies and the political elite is almost like that of Siamese twins conjoined by the belly button.
After the election management agencies may have deliberately bungled (especially) governorship and legislative house elections, and declared false reports, the losers, who felt that they won the election, would then approach the temple of justice, with significant financial inducement to ask for justice(?).
From that point on, the justice that both contestants hope to corruptly obtain could swing according to the heft of the naira in the Ghana-must-go bag that they will be hauling into the chambers of the denizens of the corrupted judiciary.
Thus, the “award” of electoral justice is “a matter of cash”, to quote Basi, the protagonist of “Basi & Co”, the television sitcom produced by environmental activist Ken Saro-Wiwa, who himself was denied justice from the judiciary that served the regime of General Sani Abacha, Nigeria’s most notorious military dictator.
In Nigeria, the lines of separation of powers that demarcate the duties of the three arms of government –the legislative, executive and judiciary– and the checks and balances that empower each arm to check the others have become almost irredeemably blurred.
As legislators use constituency projects as a ploy to carry out the functions of the executive, the president issues executive orders that are essentially legislative in nature. Though the judiciary does not perform the duties of the other arms, it fails to check them as it indulgently winks at their excesses.
If those who are regarded as Nigeria’s political elite really know what is in their enlightened self-interest and would like to protect the future of their descendants from what Thomas Hobbes described as a short, brutish and nasty existence, they will use their current privilege to correct the evil they have done to Nigerians.
They must urgently redeem the future before it delivers violence against their children.
By Lekan Sote
In The Spotlight
Lagos alone is worth more than Botswana, Namibia, Rwanda and Mauritius combined.
Let that sink in.
With an economy of N41.17tn — about $102bn in 2021 — Lagos State dwarfed the entire gross domestic products of four countries. Rivers, Akwa Ibom, Delta and Bayelsa sit on oil wealth that funds nations. Ogun, Anambra and Imo churn out goods, services and commerce that would make small economies jealous.
By the numbers, Nigeria’s states are giants.
But walk the streets of Lagos, and you will still find mothers cooking with firewood. Drive through Port Harcourt, and you will see communities drinking water polluted by the same oil that makes the state’s GDP glow. Visit Umuahia, Abeokuta, or Minna and ask the average trader what “trillion-naira economy” means to her dinner table.
The answer is: nothing.
That viral video telling you “10 Nigerian states are richer than countries” is both true and a lie. True, because the 2021 BudgIT figures don’t lie — Lagos at N41.17trn, Rivers at N7.96trn, and so on. A lie, because those numbers are GDP, not prosperity. They measure how much economic activity happens _in_ a place, not how much of it reaches the people who live there.
A country with $7,778 GDP per capita, like Botswana, will still feed its citizens better than a state with $102bn in total output but $2,058 per capita, like Nigeria. A state can host a port, an oil rig, and a tech hub, yet fail to build a hospital that works.
So, the real question isn’t “Which state is bigger than which country?”
The real question, and the one our governors should lose sleep over, is this: When your economy is bigger than a nation, why are your people still living like they have nothing?
In this edition of The Bottomline, we follow the money from GDP to the gutter — and ask why Nigeria’s trillion-naira states have not become trillion-naira lives.
The viral numbers are not new. They were lifted straight from BudgIT’s 2022 State of States report and reflected 2021 estimates: Lagos at N41.17tn, followed by Rivers at N7.96tn, Akwa Ibom at N7.77tn, Imo at N7.68tn, Delta at N6.19tn, Anambra at N5.14tn, Ondo at N5.10tn, Ogun at N5.03tn, Bayelsa at N4.63tn and Niger at N4.58tn.
The trick is in the timing. To pitch those 2021 figures against 2025 country GDPs is statistical fraud. Nigeria has since rebased. The NBS moved the base year from 2010 to 2019, and the whole map shifted. Lagos itself has moved on: its 2025 _Lagos Economic Development Update_ puts the state at N43.06tn in 2023, with forecasts of N54.77tn for 2024 and N66.47tn for 2025. Those are projections, not fresh NBS post-rebasing observations, but they tell you the direction: up.
There is no debate that Lagos is Nigeria’s economic engine. From a colonial port to federal capital until 1991, it never lost momentum. Today, trade, manufacturing, ports, telecoms, tech, entertainment, real estate and finance all cluster in just 3,345 square kilometres. Compare that footprint to Botswana’s 581,730 sq km, Namibia’s 825,615 sq km, Rwanda’s 26,338 sq km, and Mauritius’ 2,040 sq km. Yet in 2021, Lagos’ $102 billion economy was several times larger than Botswana’s $19.9bn, Namibia’s $15.1bn, Rwanda’s $16.4bn, and Mauritius’ $16.2bn, according to 2025 World Bank figures.
That comparison is legitimate. The conclusion people draw from it is not.
GDP tells you how much value was produced in a territory. It does not tell you who owns it, who earns it, or whether the roads work, the lights stay on, or the hospital has drugs.
A state can run a trillion-naira economy and still have mothers boiling water on firewood. A country can have a smaller GDP and deliver a better life. Look at the per capita numbers: Botswana at $7,778, Namibia at $5,309, Mauritius at $11,819. Nigeria sits at about $2,058. Even Rwanda, at just $773 per capita, has pushed its $3-a-day poverty rate down to 38.6 per cent — proof that size is not destiny.
The oil states expose the fraud most brutally. Rivers, Akwa Ibom, Delta and Bayelsa rank high because petroleum inflates their GDP. But oil wealth does not flow into state coffers in equal measure, and it certainly does not flow into household wallets. BudgIT’s own fiscal sustainability index proves this. In 2022, Rivers topped overall fiscal performance despite Lagos having the biggest economy. A big economy without revenue discipline, jobs, and services is just a billboard.
Nigeria does not have a GDP problem. We have a translation problem.
We have pockets of enormous economic power. Lagos. Rivers. Akwa Ibom. Ogun. Anambra. Delta. The output is real. What is missing is the bridge between that output and ordinary life.
Until economic activity creates real jobs, until IGR rises and addiction to federal allocation falls, until infrastructure supports production instead of strangling it, those trillion-naira figures will remain a cruel joke.
So let the video go viral. Let Lagos be “bigger than Botswana”.
But governors, commissioners, and citizens should ask only one question:
If my state can outproduce a country, why can’t it out-deliver a decent life for the people who call it home?
Until we answer that, we are not rich. We are just big.
By Raphael Mbamalu