...Nigerians Must Hold the Jonathan Presidency Responsible -- Tinubu
Reacting to the attack on the Speaker and the National Assembly in Abuja on Thursday, the National leader of the All Progressives Congress (APC) Bola Tinubu, has said that by deploying hundreds of Police to prevent the Speaker of the House from entering the National Assembly, the President has revealed his hand to be a devious one.
According to a statement released by his media office, Tinubu held the stance because having asked the Speaker to convene the House to consider extending the state of emergency in Adamawa, Borno and Yobe states, the Jonathan government still deployed the nation’s Police to stop the fourth ranking citizen of the nation from entering his place of work.
Speaker Aminu Tambuwal was going to the House of the President as a result of the letter from the Presidency on a matter of urgent national importance.
Tinubu said: "Tambuwal did not have to accede to the presidential request to reconvene the House; but because he is a statesman and not a political hack, he assented so his chamber might consider this a matter of vital national importance. Despite the removal of the Policemen and Security team around him he still proceeded at great personal risk to answer the call of duty. He took the risk, believing his personal situation was a secondary thing when the fate of the nation comes into question.
The hand of the President and his men have their hand written all over the invasion of the National Assembly."
He maintained that no Commissioner of Police will ever embark on such an action without the clearance of the Inspector General of police and no IGP will order his men out here without approval by the Presidency.
He further held that Nigerians know where the buck stops, saying the Jonathan Presidency must take full responsibility for the attack on the leadership of the National Assembly.
"This government cannot claim to be unaware of what the Police would do. This gangster’s antic occurred almost at their doorstep," Tinubu said.
"The Jonathan presidency can no longer play ignorant regarding the noxious things done for partisan ends.
"Instead of seriously treating Boko Haram’s incursion against our internal security, the President’s men decided to turn the event into a partisan and embarrassing circus. Perhaps they saw this as a birthday present to Mr. President."
He described the current administration as nothing but brigandage masquerading as governance.
"What this Presidency does not realise is how terribly it has exposed its pettiness and dictatorial penchant for elevating narrow political interests above the fate of the nation," he said.
"There is little wonder the nation is losing ground to Boko Haram. This government has allowed and even welcomed the downward slide. If seriously committed to breaking the spine of this insurgency, the Jonathan government would have ensured that the House met without disturbance or partisan rancor. Instead, Jonathan and his men used the gravest armed threat the nation has suffered in forty years, to lay a partisan political trap for one single man instead allowing the House to deliberate for the good of 170 million people hoping for a way out of the growing carnage. The conduct of the presidency shows that whenever dire national interests conflict with that of individual ambitions, the former will be rejected to violently promote the latter. The priorities of the Jonathan Presidency are as wrong as wrong can get. Their actions are devoid of national purpose. They reek of pungent ambition. A weakness of character now permeates national leadership."
He berated the Presidency, saying it has left the nation’s grave problems unattended yet have the rashness to create new ones by trashing the nation’s democratic institutions and mocking constitutional checks and balances.
He pointed out that the most notable achievement of the Jonathan government has been to bring democracy to its knees.
"This is not the hallmark of a President but the work of a potentate," he said.
"While enjoying the taste of this cheap tactical victory it is hoped Nigerians and the international community are sampling the bigger picture. In trying to quash the opposition by all means necessary, this government unleash forces they do not even recognize let alone be able to control them.
"Thus, Nigerians are in a precarious situation. In the face of the menace of Boko Haram’s terror and rampage, members of the loyal opposition have extended the hand of cooperation to this government often and without condition. We have provided suggestions on fighting the group and winning the hearts and minds of the people. Had the Jonathan government taken these suggestions, things would not be as they are today. This government scoffed at our help. Even when the Speaker answered the call of duty, as a patriot should, Jonathan and his men were more concerned with setting an ambush for him than in resolving the serious matter at hand. For them the only serious matter, was their political standing. While the opposition has been loyal to the nation, Jonathan and the PDP led government have not. This is the point of our greatest departure from the course."
Tinubu held that the Jonathan Presidency is a government that has lost its head.
He lamented that this government has run amok and has jettisoned all sense of proportion. He said the nation now faces two threats. One is Boko Haram’s attack on the people and the other is the Presidency’s attack on the people’s democracy.
"As such, a state of emergency now exists in Abuja, in Aso Villa itself because of this breakdown of democratic governance. Jonathan and his men are the reason for the state of emergency," he said.
"It seems that the only way this emergency shall be lifted is for this government to perpetuate itself in office. The removal of this government from office shall not be done with military power, armed might or police brutality. Their ouster will come from a nobler source. The power of the people and their want for democratic good governance," he said.
You are Jeopardising the Economy -- GOS
Also Senate minority whip and Chairman of the upper legislative chamber Committee on Capital Market, Senator Ganiyu Olanrewaju Solomon (GOS) has condemned in the strongest term the crisis that engulfed the National Assembly on Thursday.
Solomon who is running for governor in Lagos State on the platform of the All Progressives Congress (APC) said in Lagos on Friday that the police attack on the federal lawmakers was the height of executive lawlessness and interference.
He noted that the invasion of the hallowed chambers was a signal that the police might not be impartial in the February 2015 general election.
The front-runner aspirant called on the Inspector-General of Police, Suleiman Abba to maintain neutrality in political matters and remain impartial in contests among the political parties.
Solomon who was a member of the House of Representatives before being elected to the senate pointed out that the issue of the defection and speakership of Hon. Aminu Tambuwal should be left to the members to resolve and not the executive coming into it to muscle him out of office.
"With Tambuwal already in court, Police should allow the judiciary to decide what should happen to his seat, not the executive arm interpreting the constitution," Solomon said.
"Thursday’s incident was tragic in every sense of it. A repeat could completely undermine this democracy".
He also expressed his worry about the negative impact the much-publicised crisis could have on Nigeria's international trade, pointing out that the signals were already there as evident in the live chat that Richard Quest of CNN had with the Minister of Finance yesterday.
"Quest pointed out that the international world was worried about the crisis and our economy. The world is now a global village, we must be very careful," he noted.
Dakuku Peterside, Others Irresponsible -- Obuah
In his reaction, Chairman of PDP, Rivers State chapter, Felix Obuah said the fence scaling by some overzealous APC Lawmakers on Thursday, was avoidable and unnecessary.
The plot, he said was just to heat up the polity to find occasion to accuse Jonathan of trying to intimidate them ahead of next year’s general elections having been caught by the President’s phobia.
The PDP boss in a statement signed by his Special Adviser on Media, Jerry Needam described the lawmakers among whom was Dakuku Peterside, member representing Opobo/Nkoro/Andoni Federal Constituency of Rivers State as irresponsible and having written their names on the wrong side of history for coming generations to judge.
Obuah noted that the APC lawmakers Thursday’s madness though one act too many has only shown the Nigerian masses what the party is up to and why they are desperate to grab power.
It’s now left for the rest of Nigerians to decide whether these are the kind of leaders they want to elect as their representatives in 2015, the PDP chairman remarked.
While commending President Goodluck Jonathan for maintaining his usual cool over the provocative act, Prince Obuah reminded the APC rascals that crisis is an ill-wind that blows no good to anyone even as no one has monopoly of violence.
He reassured that no amount of provocation can make the PDP tread off the path of peace, respect for the laws of the land and absolute regard for the Nigerian people whose trust in the PDP remains unshaken and who are poised to continue to vote for the most populous party in Africa as their surest bet.
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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