Feature/OPED
2019 Presidential Election: Foretelling the Outcome
By Omoshola Deji
Election is the recruitment of persons with the largest percentage electorates feel are capable of actualizing their imaginings of an ideal nation.
Nigerians elect their leaders every four years and the time is here. Parties have campaigned; candidates have promised; sociocultural groups have endorsed; observers have arrived; and Nigerians are preparing to elect their President and federal lawmakers on February 16. This piece appraises the election winning determinants to foretell the outcome of the presidential poll.
A brief introduction and clarification is essential at this point. The writer, subsequently titled Pundit, is Nigeria’s election result Nostradamus. Foretelling election’s outcome is a reflection of his political analysis prowess, not an endorsement of any party or candidate. The accuracy of his past forecasts has attracted the media and many Nigerians, home and abroad, to look out for his prediction during elections.
Foretelling an election outcome doesn’t mean the pundit has access to one sacred information or the election winning strategy of any candidate. Assessing candidates’ fortes and flaws to foretell the winner is a common practice in developed nations. This doesn’t mean the pundits are demeaning the electoral process or influencing the election results. Nigerians have already decided who they’ll cast their votes for and nothing – not this prediction – can easily change their minds.
The Candidates
The 2019 presidential election is going to be the most keenly contested in the history of Nigeria, not because there are many contestants, but due to the rise in power struggle and the personality of the top candidates. 73 persons are running, but the election is a two horse race between incumbent President Muhammadu Buhari of the All Progressives Congress (APC) and former Vice-President Atiku Abubakar of the People’s Democratic Party (PDP).
Other leading contestants are Omoyele Sowore of the African Action Congress (AAC); Fela Durotoye of the Alliance for New Nigeria (ANN) and Kinsley Moghalu of the Young Progressive Party (YPP).
Sowore, Durotoye and Moghalu are ‘young’ vibrant newcomers, but their political structures are too weak to win a presidential election in a plural nation like Nigeria. Power and greed made coalition efforts that would have made them a formidable third force fail. Teaming up to support a fellow candidate shouldn’t cause disaffection, if their main desire is to rescue Nigeria from the old order.
The similarity in the background of the two main candidates, Atiku and Buhari, renders ethno-religious based predictions impotent. Unlike in 2015, when a Christian southerner contested against a Muslim northerner, the two leading presidential candidates in 2019 are both Northerners, Fulanis, Muslims and septuagenarians. Both candidates are veteran contestants and have crisscrossed parties. This election is Atiku’s fourth attempt. Buhari won on his fourth attempt in 2015 and wants another term.
Buhari’s Performance and Obstacle
Buhari, like every other incumbent, is contesting against two things: his performance and his opponents. His main opponent, Atiku, has far-reaching networks and has been campaigning vigorously. Unlike candidates who are running for the fame, Atiku’s rigorous campaign is a testimonial that he is running to win. He is leaving no stone unturned, knowing this opportunity may not present itself again as he is aging and power is expected to return to the south, if Buhari wins. Atiku has been working on the electorates’ psyche, reconciling with foes, getting endorsements, and turning his major liabilities into assets. His recent visit to the Unites States (US) was a political masterstroke that revived his diminishing electoral value tainted by corruption.
Nigerians are sharply divided on Buhari’s performance. In all sincerity, both the praise singers and condemners of Buhari’s performance are right. The praise singers are rating Buhari based on the achievements of his predecessors, many of whom score low on the provision of basic amenities, security and socioeconomic development. Buhari has performed satisfactorily when compared with his predecessors. He is reviving the railway, constructing the Second Niger Bridge, building a number of roads, and combating Boko Haram. Buhari has also paid the defunct Nigerian Airways’ pensioners and introduced social incentives such as school feeding, N-Power and Tradermoni, which the opposition has criticized as vote-buying.
The presidential election is partly a referendum on Buhari’s performance. He would earn the votes of people who think he has performed, while those who think otherwise and mindful that the second term of governments are often not better than their first would vote other candidates.
The condemners of Buhari’s performance are rating him based on his inability to fulfil some of his 2015 campaign promises. They are berating him for performing below expectations after raising hopes of Nigerians. Buhari promised restructuring, but backtracked. His appointments were lopsided northwards. Insecurity is rife as bandits, insurgents and herdsmen are carrying out genocidal bloodletting at will. The fight against corruption has been incredibly selective, making Transparency International rank Nigeria the 144 least corrupt nation out of 175. Buhari has serially flouted court orders; persecuted activists and journalists; tolerated the massacre of unarmed IPOB and Shiite members; harassed the legislature and judiciary; ruled in a dictatorial manner; and hounded critics. Basic amenities are either dysfunctional or unavailable, the exchange rate is high, consumables are costly and unemployment is at an alarming rate. Buhari’s performance is unsatisfactory if he’s assessed by the oversweet promises he doled out in 2015. His misrule and incompetence is winning hearts for Atiku.
Atiku’s Challenge
Buhari has reiterated his resolve to further tackle corruption, insecurity and revive the economy, while Atiku boast of capacity to provide jobs, eradicate poverty and resuscitate the economy. One major minus for Atiku is the comment of his former boss, ex-President Olusegun Obabsanjo when their relationship was not cordial. In his book titled My Watch, Obasanjo said “what I did not know, which came out glaringly later, was his parental background which was somewhat shadowy, his propensity to corruption, his tendency to disloyalty, his inability to say and stick to the truth all the time, a propensity for poor judgment, his belief and reliance on marabouts , his lack of transparency, his trust in money to buy his way out on all issues and his readiness to sacrifice morality, integrity, propriety truth and national interest for self and selfish interest”.
Though Obasanjo has reconciled and endorsed Atiku, many Nigerians are still using the statements in ‘My Watch’ to discredit Atiku.
Endorsement Effects
Endorsement still influences voters, even though political parties belittle its effect when they are unable to secure it. People living in the rural areas and traditional societies where the recommendations of leaders are highly revered largely vote based on endorsements. Candidates also use endorsements to convince dissenting voices and undecided voters. Atiku has gotten influential endorsements than Buhari. Leaders and elders of notable regional sociocultural groups, including the Middle Belt Forum (North-Central), Ohanaeze Ndigbo (South-East), PAN Niger Delta Forum (South-South); and the prominent faction of Afenifere (South-West) have all endorsed Atiku. The most shocking endorsement Atiku got was that of the Northern Elders Forum, which has a significant influence on the conservative Muslim Northerners who are largely supporters of Buhari. The Arewa Consultative Forum however gave a counter endorsement in favour of Buhari.
Ruling parties are always the most favoured on endorsements. The opposition PDP’s numerous endorsement is a pointer that the regional leaders distrust APC, or the party simply choose to connect the people directly through the distribution of business aid such as Tradermoni. The latter may not earn Buhari votes. The beneficiaries of Tradermoni are largely sympathizers of their various sociocultural groups which have endorsed Atiku. An Igbo trader who’s aware that Ohaneze Ndigbo endorsed Atiku to end the marginalization of his ethnic group under Buhari would most likely vote Atiku, despite receiving Tradermoni. Sociocultural groups have a way of awakening the ethnic sentiments that’ll make people vote their endorsed candidates. The culture is gradually changing as people are increasingly voting based on personal convictions.
The Generals Influence
When getting less, the APC discredit endorsements, but applaud same when persons or groups back Buhari. 71 retired Military Generals endorsed Buhari for second term. This is a coming against some of the prominent Generals and former Heads of State’s opposition to Buhari’s re-election. Generals Olusegun Obasanjo, Ibrahim Babangida and Theophilus Danjuma are against Buhari, General Yakubu Gowon has been apolitical, while General Abdulsalami Abubakar is the head of the National Peace Committee. Buhari’s rejection by his powerful and influential contemporaries may hinder his win as the Generals, especially Obasanjo, have always determined who becomes President.
The Generals have vast political structures as they were the ones who nurtured almost all the leading political actors in Nigeria presently. Obasanjo is one of the ruling APC’s major nightmares as he is determined to end Buhari’s reign and install PDP’s Atiku. His choice candidates have always emerged, including Buhari in 2015. Obasanjo is well-respected by the international community. His global weight and networks can ruin Buhari, if he’s declared winner based on electoral fraud and post-election conflict arises. Obasanjo is doing his best to ensure Buhari doesn’t win as such will diminished his relevance and retire him from politics.
The Aso Rock Cabal
Aisha Buhari’s statement that her husband’s government had been hijacked by a cabal would make Buhari lose votes. Aisha disclosed at the National Women Leadership Summit that two powerful individuals have been commandeering her husband and preventing him from performing. Buhari denied the allegation, but many Nigerians believe his wife’s statement is a revelation of the goings-on in Aso Rock. The President’s failure to regain public confidence by rejigging his cabinet would make many people vote against him to end the cabal’s reign.
Health Factor
Buhari’s deteriorating health and failing memory would also diminish his votes. Many Nigerians believe Buhari would spend most of his tenure receiving treatment abroad, if he wins. His inability to remember basic things and serial gaffes such as forgetting the year he was sworn-in, referring to the APC gubernatorial candidate in Delta State as senatorial and presidential candidate, as well as lifting the hand of the wrong candidate in Cross River State makes many Nigerians see him has mentally unfit to continue ruling.
Atiku has shown more mental alertness, but his pledge to enrich friends is making him lose public trust. Nigerians may decide to return a sick, dictatorial and incompetent Buhari to power because of Atiku’s corruption tendencies and embracement of crony capitalism – enriching friends through privatization.
Elites Gang-up
The APC intraparty crisis across states and the exit of influential persons from the party may deny Buhari a win. APC was formidable in 2015 than it is now. The party immensely profited from the mass exit of political heavyweights from the then ruling PDP. This largely helped President Buhari defeat then President Jonathan. Most of the heavyweights are back in the PDP and are determined to unseat Buhari. Some of them includes the PDP presidential candidate, Atiku Abubakar; Senate President Bukola Saraki; Governors Samuel Ortom and Aminu Tambuwal of Benue and Sokoto States; House of Representative Speaker, Yakubu Dogara; and ex-Governor Rabiu Kwankwaso of Kano State. The exit of these bigwigs from the APC would certainly not make victory easy for Buhari. The ruling APC tried to make up for this by winning over ex-Governors Godswill Akpabio and Emmanuel Uduaghan of Akwa-Ibom and Delta States. These former governors cannot garner many votes for Buhari. Their influence is limited to their states which are PDP strongholds and majority of the people in the Niger-Delta region are anti Buhari.
The array of political elites that Buhari have been persecuting and prosecuting would also unleash their arsenal to ensure he never gets re-elected. Those affected by Buhari’s unfavourable economic policies and others not profiting from his government would likewise do all possible to make him lose.
The International Community
Atiku’s entry into the US and the foreign condemnation of Buhari’s anti-democratic actions are crucial pointers that the international community would prefer an Atiku Presidency. Buhari’s imperfection must not make one take the international community’s preference as best for the country. Buhari is not getting their support, not because of his underperformance, but because he has resisted dependency and neocolonialism; hindering them from exploiting the nation. The western nations are only friends with governments that allow them have their way and they are renowned for going the extra mile to remove uncontrollable leaders. Kwame Nkruma, Patrice Lumumba and Julius Nyerere are credible lessons. Buhari’s shortcoming is creating an avenue for the West to have their way through Atiku. The PDP campaign to ‘get Nigeria working again’ is coming at a time when the majority is complaining that virtually nothing is working.
INEC and Security
An excellent professional conduct should not be expected from the security agencies and the Independent National Electoral Commission (INEC). The secret midnight meetings allegedly being held by the INEC leadership and Buhari’s henchmen may lead to intentional misconduct by the electoral umpire. The security chiefs would try to appear neutral, but their partisanship would manifest if the election is a tight race and Buhari needs some misconduct to pave way for a rerun or make him win. The heads of the security agencies, especially the police commissioners in many states would most likely turn a blind eye on wrongs done to aid Buhari’s win.
Voting
There are 84,004,084 registered voters in Nigeria. By population ranking, the number of registered voters and persons who have collected their permanent voters card (PVC) across the six geopolitical zones are as follows:
North West: 20,158,100 registered voters, 18,882,854 PVCs collected.
South West: 16,292,212 registered voters, 12,444,594 PVCs collected.
North Central: 13,366,070 registered voters, 11,849,027 PVCs collected.
South South: 12,841,279 registered voters, 11,574,944 PVCs collected.
North East: 11,289,293 registered voters, 10,402,734 PVCs collected.
South East: 10,057,130 registered voters, 9,071,939 PVCs collected.
The above data shows that out of the 84,004,084 persons who registered to vote, only 74,199,092 can vote having collected their PVCs. 9,804,992 are yet to collect theirs. APC’s Buhari comes from the Northwest, while PDP’s Atiku is from the North-East. Both candidates would garner huge votes in each other’s zone, but Buhari would come top. This is largely due to the cult followership Buhari enjoys in the North. Majority of the northern voting population supports Buhari blindly; they believe PDP’s 16 years of misrule is responsible for Buhari’s failings.
Another plus for Buhari is that his party, the APC, controls the largely populated states – Lagos and Kano. Out of the 36 states of the federation, APC is the incumbent government in 23 states, while PDP is the incumbent government in 13. APC is also the incumbent government in majority of the Northern states and the entire 6 states in the Southwest. Atiku would likely defeat Buhari in the North-Central. He would defeat Buhari in the South-South and South-East. Atiku would earn substantial votes in the Southwest, but Buhari would earn more.
Vote Buying
Agents of the two prominent candidates will induce voters with money. People thinking Buhari’s anti-corruption stance would make his team desist from inducing voters would be disappointed. As it is before now, the party stalwarts would utter untruths that the money being shared is not from the Presidency, but from supporters who are passionate about the continuity of Buhari’s government. There would be several I-love-you-more-than-God behaviours during the election. People will voluntarily commit electoral fraud, threaten supporters of rival parties, cause mayhem, and kill to ensure their favourite candidate wins.
The APC and PDP supporters boasting their candidates would win by landslide are just being over emotional. Both candidates have major flaws that can’t make that happen. Atiku is widely considered corrupt, while Buhari is broadly seen as nepotistic and unfit. These negatives limit their chances of winning by landslide. Such win is often earned by candidates with minor flaws.
The Pundit’s Verdict
Buhari’s shortcomings will affect, but can’t hinder his win. The three main determinants of electoral victory in Nigeria are the votes cast, the conducts of the electoral umpire (INEC), and the security agencies, especially the police. Buhari apparently has INEC and the security agencies on his side and would get many votes as a popular candidate, but may need a push. His henchmen will not hesitate to do anything, licit or illicit, to retain power when the chips are down.
Notables like Dele Momodu and prominent institutions such as Williams and Associates, and the Economist Intelligence Unit predicting Buhari would lose did not consider something crucial – recent happenings and Buhari’s arbitrariness. Up to the minute actions of Buhari are pointers that his government would stop at nothing to retain power. The intimidation of voters and staggering electoral fraud that was allegedly perpetrated during the Osun governorship and rerun elections; the reported secret meeting with INEC heads; the alleged political removal of Chief Justice Walter Onnoghen; the untoward display of force by the military across states; and the politically motivated transfer of police commissioners and other top officers are not for nothing. An incumbent government that is obsessed with power cannot put all these strategies in place in an undeveloped democracy and lose.
Nigerians are worried that a partial conduct by INEC and the security agencies may lead to a rerun, the Venezuela situation or foist the Odinga-Kenyetta model on Nigeria. Except God touches the mind of those occupying Aso Rock, relinquishing power to the opposition doesn’t look like what the ruling cabal is willing to do, except Atiku wins by a landslide, which is almost impossible. Against the predictions of Williams and Associates and the Economist, the Pundit foretells that the APC candidate, Muhammadu Buhari, would be declared President-elect.
Omoshola Deji is a political and public affairs analyst. He wrote in via [email protected]
Feature/OPED
Nigeria’s Economy May Not Survive on Statistical Manipulation
By Blaise Udunze
Nigerians should gear up to start seeking accountability from those in power because the country is gradually entering one of the most dangerous phases in its economic history, not merely because inflation is high, unemployment is worsening, or public debt is rising, but because the institutions responsible for telling them the truth about the economy are either failing, compromised, silent or increasingly non-transparent.
At the centre of this deepening crisis are two disturbing realities. First is the National Bureau of Statistics’ failure to publish credible and updated labour force data for more than 14 months, despite unemployment being identified globally as Nigeria’s biggest economic threat. Second is the Budget Office of the Federation’s refusal or inability to publish statutory budget implementation reports for three consecutive quarters in violation of the Fiscal Responsibility Act.
Together, these failures represent something far more dangerous than administrative delay. They expose a governance culture increasingly defined by selective transparency, institutional opacity and economic manipulation. Nigeria is now dangerously close to governing itself without verifiable facts.
A nation cannot plan effectively when it cannot measure unemployment honestly. Neither can it fight corruption or fiscal leakages when it refuses to disclose how public funds are being spent. This is not merely an economic problem. It is a crisis of national credibility.
The irony is painful. While the World Economic Forum’s Global Risks Report identified unemployment and lack of economic opportunity as Nigeria’s leading economic threat for 2026, Nigeria itself has failed to publish official labour statistics capable of accurately measuring that threat since the second quarter of 2024.
That silence speaks volumes and could keep everyone wondering what the problem might be. At a period when millions of Nigerian youths are trapped between hopelessness, with an inflation rate currently 15.69 per cent, collapsing purchasing power and shrinking job opportunities, the absence of current labour data creates an economic blind spot of dangerous proportions. Policymakers are formulating reforms without clear visibility into labour realities.
Investors are assessing risks using outdated or disputed figures. With the apparent lack of clear direction, citizens are left with no choice but to wonder whether economic statistics are now instruments of propaganda rather than reflections of reality.
The controversy surrounding the infamous 4.3 per cent unemployment figure released by the NBS in 2024 only deepened this distrust. It is both laughable and amazing for millions of Nigerians struggling daily to survive. The claim that unemployment had magically crashed from over 33 per cent in 2020 to about 3.06 per cent rate for 2025 felt detached from reality, which is based on March 2026 reports. Factories were shutting down. Multinationals were exiting Nigeria. Manufacturing firms were downsizing. Informal labour was exploding. Youth migration was accelerating. Yet official statistics suggested Nigeria was suddenly approaching near-full employment.
The explanation lay in the controversial redesign of the unemployment methodology. Under the revised framework, anybody who worked even minimal hours weekly could be classified as employed. While the NBS argued that the changes aligned with international best practices, critics insisted that the methodology ignored Nigeria’s peculiar economic conditions, dominated by underemployment, survival jobs, disguised unemployment and casual labour.
The backlash was immediate and fierce. The Nigeria Labour Congress described the report as “fraudulent” and a “voodoo document”. Labour leaders warned that rebasing employment definitions merely to produce lower unemployment figures would destroy public trust in national statistics. Trade unions, manufacturers and employers’ associations openly rejected the figures.
The reality confronting businesses contradicted the official optimism. Textile factories were closing. Manufacturers were rationalising staff due to unbearable energy costs, foreign exchange instability and multiple taxation. Labour unions lamented rising casualisation as permanent jobs disappeared. The National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Products Employees revealed it had lost over 20,000 workers within one year because companies could no longer survive Nigeria’s harsh operating environment.
Yet official figures suggested unemployment was falling. This contradiction is dangerous because economic data is not supposed to comfort governments; it is supposed to guide policy.
When data becomes politically convenient rather than economically truthful, governance itself becomes distorted.
The problem is not merely methodological. It is institutional credibility. Why did the unemployment rate collapse statistically while poverty, inflation and hunger worsened visibly? Why has the NBS failed to publish updated labour force statistics for over 14 months if confidence in the methodology remains intact? Why are citizens increasingly suspicious of official numbers?
Unarguably, these questions matter because trust in national statistics is foundational to economic governance, but it appears that policymakers place less importance on this fact.
One thing that is missing is that they have yet to take into cognisance that countries cannot attract sustainable investments when investors doubt the credibility of official data. This is to say that international lenders, development institutions, and private investors depend on reliable statistics to evaluate risks, forecast growth and allocate resources. Once statistical integrity becomes questionable, economic credibility suffers.
Unfortunately, the non-transparency surrounding labour data is now being mirrored in Nigeria’s fiscal management architecture. The Budget Office of the Federation has failed to publish statutory budget implementation reports for three consecutive quarters despite explicit provisions of the Fiscal Responsibility Act requiring quarterly disclosure.
This failure is profound. Budget implementation reports are not ceremonial publications. But they have failed to acknowledge that these are among the few mechanisms citizens possess to independently evaluate whether public funds are being used responsibly. The simple fact is that these reports reveal actual revenue generated, expenditures incurred, projects executed and budget performance levels. Without them, public finance enters dangerous darkness.
According to findings, reports for the third and fourth quarters of 2025 and the first quarter of 2026 remain unpublished. This marks the first time in 15 years that Nigeria’s Budget Office has failed to release quarterly budget performance reports.
More concerning is that this comes at a time when Nigeria is implementing one of the largest budgets in its history. The National Assembly recently approved a staggering N68.3 trillion 2026 budget, significantly higher than the original N58.4 trillion proposal. While government officials describe it as a “legacy budget” aimed at infrastructure development and capital investment, Nigerians still do not know how previous budgets were substantially implemented.
This creates a dangerous accountability vacuum. How can citizens assess whether previous allocations achieved measurable outcomes when implementation reports are hidden? How can lawmakers exercise oversight without timely disclosures? How can anti-corruption agencies track leakages effectively? How can development partners verify fiscal discipline?
The truth is simple because unpublished budgets create fertile grounds for corruption, waste and fiscal manipulation.
More troubling are recent revelations from the World Bank exposing structural leakages within Nigeria’s fiscal system. According to the institution, over N34.53 trillion was diverted through pre-distribution deductions between 2023 and 2025 before revenues reached the Federation Account.
That figure is staggering. The World Bank warned that approximately 41 per cent of government revenues never reached distributable pools because they were deducted as “first-line charges” by agencies operating outside conventional budgetary scrutiny.
Reports indicating that over $214 billion in public funds may have been lost, diverted, or trapped in non-transparent fiscal systems over the last decade capture the scale of Nigeria’s accountability crisis. More recently, it’s the shenanigans on the FAAC allocations of N800billion funds from States’ statutory shares meant to pay civil servants and improve on social amenities were channelled into private accounts linked to the Governor of Imo State, Hope Uzodinma, Chairman of the Progressive Governors Forum, to fund Tinubu’s 2027 re-election campaign.
With these intolerable developments, it becomes glaring that this is precisely why transparency without secrecy matters. The challenge is that when billions and trillions of funds move through non-transparent structures without rigorous disclosure, accountability collapses, whilst the citizens lose visibility over public finances and institutions responsible for oversight become weakened or compromised, which remains a litmus test for trust.
ActionAid Nigeria rightly described the development as “institutionalised revenue erosion” and warned that continued impenetrability undermines fiscal stability, public trust and development.
Truly and without an iota of doubt, its warning deserves more serious attention at this time. At a period when Nigerians are enduring painful economic reforms, rising transport costs, collapsing purchasing power, worsening insecurity and deepening hunger, every missing naira has human consequences. Every hidden expenditure weakens healthcare delivery, education, infrastructure and social protection.
One painful and unbearable approach is that instead of increasing transparency to reassure citizens, government institutions appear increasingly hard to understand, just to continue in their criminal and wasteful acts.
The consequences extend beyond economics into democratic legitimacy itself. Public trust erodes when citizens believe governments manipulate data, conceal budget performance and evade accountability. Eventually, institutions lose moral authority. Official figures become objects of suspicion rather than instruments of governance.
This is the larger danger confronting Nigeria today. Economic suffocation rarely begins with recession alone. It begins when institutions stop telling the truth.
It begins when governments prioritise narrative management over measurable realities. It deepens when citizens can no longer independently verify claims about unemployment, inflation, debt, revenue or budget performance.
Nigeria now risks entering that dangerous territory. Even more concerning is the growing culture of overlapping budgets, delayed implementation cycles and weak fiscal discipline. The government is reportedly still implementing components of previous budgets while simultaneously introducing new appropriations worth tens of trillions of naira.
This raises serious questions about planning efficiency, execution capacity and fiscal sustainability. If only about a quarter of approved capital expenditure is being effectively implemented, as recent reports suggest, then Nigeria’s challenge is not merely budget size but governance quality. Large budgets without transparency become monuments of waste.
The Fiscal Responsibility Commission, established to enforce compliance, has also appeared largely ineffective. Although the Fiscal Responsibility Act outlines numerous offences, enforcement remains weak while violations attract little or no consequences.
This culture of impunity emboldens institutional noncompliance. The implications for Nigeria’s economy are severe.
In every functional business atmosphere, foreign investors seek predictable and transparent environments. Credit rating agencies evaluate governance credibility alongside macroeconomic indicators. Development institutions increasingly emphasise fiscal accountability and data reliability, but this does not apply to Nigeria.
An economy governed through disputed statistics and unpublished fiscal reports cannot inspire long-term confidence. The Tinubu administration must take cognisance of the fact that credibility itself is now an economic asset.
Understandably, reforms may initially be painful, but the irresistible fact is that citizens tolerate sacrifice better when governance appears transparent, honest and accountable. What destroys confidence is the perception that institutions are concealing realities while citizens bear the burden of economic hardship.
Nigeria does not merely need economic reforms. It needs truth-based governance. The National Bureau of Statistics must urgently restore credibility by publishing updated labour force statistics transparently and consistently. Methodological frameworks should be openly explained, while stakeholder engagement must be strengthened to rebuild public confidence.
Similarly, the Budget Office must immediately release all outstanding budget implementation reports as required by law. Judging from the trend of events, it is a well-known fact that fiscal transparency cannot remain optional in a struggling economy already burdened by debt, inflation and widespread distrust.
Beyond publication, enforcement mechanisms must become stronger. Institutions that violate statutory disclosure obligations should face consequences. Accountability cannot survive where compliance is selective.
Nigeria’s future depends not only on how much revenue it generates or how large its budgets become, but on whether institutions remain credible enough to manage public trust.
Because no economy can thrive sustainably and more importantly, Nigeria cannot build its $1 trllion economy on invisible budgets, missing labour data, manufactured statistics and selective transparency. And no nation survives for long when truth itself becomes negotiable.
Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]
Feature/OPED
Avoiding the Coming Deaths in 2027 Elections
By Michael Owhoko, PhD
Inevitable deaths are in the offing in 2027. Those familiar with Nigeria’s electoral mythology, history and patterns know that the 2027 general elections will be a harbinger of death, powered by electoral violence. It will take a miracle to escape what will play out. People will die. Nigerians will perish. Hospitals will be overwhelmed. Nigerians must therefore brace up for the coming calamity, as the intensity and scale will make it a memorable year of regrettable carnage. All six geopolitical areas of the country will be affected.
The event will further rub off on the country’s troubling global perception, and worsen its negative profile as the 5th most violent country in the world, and 4th in the Global Terrorism Index 2026, ranking as the 6th deadliest and 7th most dangerous country for civilians in the world. Besides, the elections will threaten democratic norms, political stability, and erode faith in public institutions due to brazen manipulation of the electoral process.
The coming calamity will largely be fueled by electoral insecurity engendered by the desperation of political parties to outwit one another, particularly the ruling party, the All Progressives Congress (APC) and the main opposition parties, including the African Democratic Congress (ADC) and the Nigeria Democratic Congress (NDC). While the APC will go all out and spare nothing to retain the incumbent government of President Bola Ahmed Tinubu for a second term in office, the ADC and the NDC will deploy every resource at their disposal to dislodge and replace the current APC Government, causing public uproar.
Though other political parties will also show strength and slug it out, the election will be fiercely contested by the APC, NDC and ADC. The stakes are high, and driven by illogical greed and lust for power to control political authority and economic resources, even though the resources are poorly appropriated, and most times, thoughtlessly deployed to protect pride, fund vanity, and maintain empires, as against judicious application for improved living conditions for citizens.
The political parties are likely to deploy political thugs masked as party officials to the field to reinforce their internal strategic plans to achieve programmed goals. By their planned political conduct and indifference, the political parties will, unwittingly, diminish the value of human lives during the general elections. This is the picture of what the country will experience in next year’s general elections.
Before you ask me for proof, go and verify the antecedents of political parties and how their leaders ignited the political atmosphere to set the tone for violence and rigging through their utterances and body language, influenced by irrational desires to achieve electoral victory at all costs. Except for former President Goodluck Jonathan, all presidential candidates since 1999 to date are guilty of stoking the polity through their predilection and declarations.
For example, prelude to the April 2007 Presidential election, the then President Olusegun Obasanjo had alluded that the election would be a “do-or-die affair”. As simple as the statement was, it encouraged supporters of the Peoples’ Democratic Party (PDP) to go the extra mile to push for victory at all costs without thought of probable consequences. Evidently, this resulted in violence and fatalities across the country.
Also, during the 2011 elections, when former and late President Muhammadu Buhari, then candidate of Congress for Progressive Change (CPC), lost to Goodluck Jonathan, his demeanour and post-election utterances, undeniably, provoked and encouraged election violence in parts of the country, particularly in the north-west.
According to Human Rights Watch, over 800 people were killed, and more than 65,000 persons were displaced in the 2011 general elections following widespread protests and riots by Buhari’s supporters in the northern states. The killings, which were worsened by sectarian colouration, occurred in Adamawa, Bauchi, Borno, Gombe, Jigawa, Kaduna, Kano, Katsina, Niger, Sokoto, Yobe, and Zamfara.
Without showing empathy for the high number of Nigerians killed, including innocent National Youth Service Corps (NYSC) members, Buhari further threatened that if the next elections scheduled for 2015 were rigged like the 2011 elections, “the dog and the baboon would all be soaked in blood”, implying that violence and death would be inevitable in the 2015 elections. Clearly, Buhari’s comment was an indication of political desperation, intended to use the threat of force and violence to effect the outcome of the political contest, as against allowing the impartial verdict of the Independent National Electoral Commission (INEC).
Luckily for Nigeria, former President Jonathan conceded defeat, preventing Buhari’s threat from coming to pass in 2015. Jonathan’s action not only doused tension, but it also averted widespread killings and bloodshed that would have accompanied the announcement of the result in his favour, particularly in the northern part of the country. Jonathan’s position was obviously dictated by his philosophy that his ambition and that of anybody was not worth the blood of any Nigerian, which he held as an article of faith throughout the period of the 2015 general elections, preferring a credible and peaceful election.
Also, the incumbent President, Bola Ahmed Tinubu, is not immune from utterances that have encouraged violence. While addressing party members in London in 2023, Tinubu said political power was not served a la carte, but must be secured through intense efforts by “fighting for it, grabbing it, snatching it and running with it”. Whatever that means, this remark was not only unhelpful, it encouraged rigging and violence, as well as opened a new vista of political desperation and redefinition of new premises for an unhealthy autochthonous political process.
A parallel can be drawn between Tinubu’s statement and an incident that occurred at a polling unit in the Lekki axis of Lagos during the 2023 general elections. After queuing for hours in the sun to cast votes, just when ballot papers were to be counted at the end of voting, some thugs emerged from nowhere, scared away voters, seized the ballot box and left with it, perhaps, to thumbprint fresh ballot papers. Surely, there is a correlation between their actions and the political philosophy of “fighting for it, grab it, snatch it and run with it”.
In a similar vein, the Secretary of the Board of Trustees of the New Nigeria People’s Party (NNPP), Alhaji Buba Galadima, recently advised Nigerians to defend their votes in the coming 2027 elections with “bottles and jerry cans of kerosene”. This is an obvious reference to violence and an invitation to anarchy. Indeed, it is a precursor, as a worst-case scenario marked by an unhealthy electoral struggle will be thrown up in the 2027 general elections, where the value of human lives will be degraded.
The culture of killings in every election circle in Nigeria has become legendary. Among all African countries, and indeed, the world over where elections are conducted, Nigeria is reputed for election manipulation and violence, attracting undue global spotlight. As elections draw closer, skepticism, uncertainty, fear, and apprehension permeate the atmosphere due to expected violence.
Though it is the responsibility of the government to protect and guarantee the safety of lives during elections, past assurances by the government to protect the lives of citizens did not translate to safety. When a few successes are discounted, you find that security agencies have proved to be incapable of handling high-level violence, like what happened in the 2011 elections, where over 800 people lost their lives.
From antecedents, politicians are careless about deaths and can sacrifice the blood of innocent Nigerians on the altar of electoral victory. Their interests and activities are driven more by the value of votes, as evident during post-election litigations where they seek legal redress for electoral malpractice rather than justice for the dead.
Sadly, the coming deaths will dwarf all previous politically related killings in the country, necessitating the need to prioritise personal safety. It is imperative to identify and avoid electoral black spots that are notorious for violence. Political thugs are likely to trigger violence by creating an atmosphere of fear and intimidation at polling units aimed at electoral manipulations.
Citizens are therefore advised to devise safety nets that will shield and guarantee personal safety in the event of an obvious threat to life, even if it means avoiding polling booths. Recalled that Nigerians who died during previous election cycles had since been forgotten, and the country moved on without them. Therefore, citizens need to protect themselves to avoid being counted among the dead in the pending catastrophe in 2027.
Dr Mike Owhoko, Lagos-based public policy analyst, author, and journalist, can be reached at www.mikeowhoko.com and followed on X (formerly Twitter) @michaelowhoko.
Feature/OPED
Trapped Between Nigeria’s Failure and South Africa’s Xenophobic Violence
By Blaise Udunze
When the word “xenophobic” is talked about, most affected African countries tend to focus on the pains being experienced by their citizens in South Africa. For a moment, it calls for Nigeria and the rest of the African continent to pause and ask, how did we get here?
The recent happenings across the streets of Johannesburg, Pretoria, and Durban, a painful pattern continues to unfold with frightening and fearful regularity, as Nigerian-owned businesses are looted, migrants hunted, families displaced, and African nationals reduced to targets of rage. If asked, the majority would chorus that the recurring images of xenophobic violence in South Africa are disturbing enough, and no doubt, yes, but the deeper tragedy is beyond the flames and bloodshed. It lies in the silent failures back home that forced many Nigerians into vulnerable exile in the first place.
The reality, as a matter of fact, is that to understand the suffering of Nigerians in South Africa, one must first confront the uncomfortable truth that xenophobia is not merely a South African problem. It is also a Nigerian governance problem exported abroad.
Nigeria, often celebrated as the “Giant of Africa,” has now become the “Mama Africa” who has failed to nurture her many children, with the fact that behind every Nigerian fleeing hardship for survival, known as the “japa” syndrome, in another African country is a story shaped by economic frustration, failed institutions, poor leadership, unemployment, and a financial system disconnected from the realities of ordinary citizens.
One apt way to confirm these inimical factors, the South African president, Cyril Ramaphosa, recently acknowledged this uncomfortable reality when he urged African leaders to address the domestic failures driving mass migration across the continent. Speaking amid renewed anti-foreigner tensions, Ramaphosa identified “misgovernance” as one of the factors forcing Africans to seek refuge in countries like South Africa. Of a truth, his comments may have generated debate, and some “patriotic Nigerians” may also want to prove him wrong, but they reflected a painful reality many African governments would rather avoid.
Nigeria, despite its vast human and natural resources, has increasingly become a country where millions no longer see a future at home. This is a critical irony and the height of it all because a nation blessed with oil wealth and entrepreneurial energy and one of the youngest populations in the world is yet burdened by systemic corruption, policy inconsistency, infrastructural collapse, and a leadership class that has often prioritised politics over productivity, especially with the imminence of an election.
It is so detestable and at the same time fearful that the result is a generation of young Nigerians trapped between hopelessness and migration.
One regrettable experience that has continued to haunt the country for decades is that successive governments have squandered opportunities that could have transformed Nigeria into an industrial and economic powerhouse. Public resources that should have been invested in power, roads, healthcare, manufacturing, education and enterprise development have either disappeared into private pockets or become trapped in wasteful bureaucratic structures.
Reports indicating that over $214 billion in public funds may have been lost, diverted, or trapped in opaque fiscal systems over the last decade capture the scale of Nigeria’s accountability crisis. Whether exact or conservative, such figures reveal a country losing resources or funds rapidly from severe bleeding that could have changed millions of lives.
Looking intently at these developments, one would know that the tragedy is not merely corruption itself but the opportunities corruption destroyed.
Come to think of this fact that with proper governance and strategic economic planning, Nigeria could have developed a thriving SME ecosystem capable of employing millions of citizens. Instead, unemployment and underemployment have become defining realities of national life. The World Economic Forum recently identified unemployment and lack of economic opportunity as Nigeria’s greatest economic threat, yet the country continues to struggle with coherent employment data and long-term economic direction.
This economic suffocation explains why migration has become less of a choice and more of a survival strategy for many Nigerians.
At the centre of this crisis is another troubling contradiction, which is that Nigeria’s banking sector appears increasingly profitable while the real economy continues to deteriorate.
Ordinarily, banks in developing economies are expected to function as engines of growth by financing productive sectors, supporting innovation, and empowering small businesses. Across the world, SMEs are recognised as the backbone of grassroots economic development, and the tangible result is that they create jobs, stimulate local production, and expand economic participation.
In Nigeria, SMEs account for over 70 per cent of registered businesses, contribute nearly half of the country’s GDP and generate between 84 and 90 per cent of employment. Yet, despite their enormous economic importance, SMEs receive barely between 0.5 per cent and one per cent of total commercial bank lending.
This is not just a policy failure; it is an economic tragedy. Rather than financing entrepreneurs and productive enterprises, Nigerian banks have increasingly found comfort in investing heavily in government treasury securities. In 2025 alone, major Nigerian banks reportedly generated N6.68 trillion from total investment securities and treasury bills, benefiting from high-yield government debt instruments instead of supporting businesses capable of creating jobs.
The banking sector’s recapitalisation exercise, which successfully raised N4.56 trillion, was celebrated as a regulatory achievement. But the critical question remains. The recapitalisation is for what purpose?
If stronger banks continue to avoid the productive economy while SMEs remain starved of affordable credit, recapitalisation merely strengthens financial institutions without strengthening national development.
Today, private sector credit in Nigeria remains significantly low compared to many African economies. High interest rates, excessive collateral demands, weak credit infrastructure and risk-averse banking practices have created an environment where small businesses struggle to survive, and these implications are devastating.
Every denied SME loan is a denied employment opportunity. Every failed business is another frustrated entrepreneur. Every frustrated entrepreneur is another Nigerian considering migration.
This is how economic dysfunction transforms into human displacement. In a situation like this, it is noteworthy to state that South Africa naturally becomes an attractive destination because of its relatively advanced infrastructure and larger economy. Today, this has informed Nigerians and other African countries alike to migrate there, not because they hate their country but because they are searching for dignity through work and enterprise.
Yet, in a cruel twist, many become targets of xenophobic violence. Foreign nationals are accused of “taking jobs,” dominating businesses, and contributing to crime. Shops are attacked. Businesses are burned. Lives are lost.
It is not a surprise anymore that the disturbing rhetoric surrounding xenophobia has become increasingly normalised and perceived as fighting against saboteurs. Another major concern is that social media posts celebrating violence against Nigerians reveal a frightening and fearful dehumanisation of fellow Africans. This has continued to be heralded unaddressed, as some extremist anti-migrant groups now openly mobilise hostility against foreign nationals under the guise of economic nationalism.
Yet, as opposition leader Julius Malema rightly asked during one of the recent xenophobic debates. “After attacking foreigners and shutting down their businesses, how many jobs have actually been created?” If you are smart enough to know, it is glaring that this is a question that cuts through the emotional manipulation surrounding xenophobia, which also reflects the fact that destroying a Nigerian-owned shop does not solve unemployment, nor does killing migrants create prosperity. Violence against fellow Africans does not fix structural inequality.
Malema’s argument was blunt but accurate in revealing that xenophobia is not an economic strategy. It must be perceived with the right perspective as the symptom of deeper failures, poverty, inequality, weak governance, and political frustration.
Historically, just like other colonised African countries, South Africa itself carries deep old wounds. The legacy of apartheid left enduring economic inequalities, spatial segregation, unemployment, and psychological scars, but this should not continue to shape social tensions today. What is of concern is that the same people, like other African countries, experienced, were expected to remain forward-looking and forge ahead rather than dwell in the past.
It is even more pathetic that decades after the fall of apartheid, millions of Black South Africans remain trapped in poverty and exclusion; perhaps they are not to be blamed for their failures as they claimed, but the foreigners who didn’t stop them from exerting their skills become the scapegoats.
That frustration often seeks an outlet, and immigrants become easy scapegoats. This, however, does not excuse the brutality.
The stories emerging from xenophobic attacks are horrifying and very dastardly and humiliating, as African migrants have reportedly been beaten, burned alive, stoned, and hunted in communities where they once sought refuge, as two Nigerian citizens were said to have been beaten and burnt to death. To say the least, the pain becomes even more ironic when viewed against history.
Because Nigeria played a major role in supporting South Africa’s anti-apartheid struggle, ranging from financial assistance to diplomatic pressure, scholarships, activism, and cultural solidarity, Nigerians stood firmly with Black South Africans during some of apartheid’s darkest years, which was enough to prevent such ugly events. Nigeria did so much to the point that Nigerian students contributed financially to anti-apartheid campaigns. Nigerian musicians used music to mobilise continental resistance. Successive governments invested enormous diplomatic and material resources into the liberation struggle.
The children and grandchildren of those who made such sacrifices are now among those facing hostility in South Africa today.
History makes the tragedy even heavier. Yet, Nigeria must also confront its own failures honestly. The truth is, if Nigeria had invested half the energy it spent supporting external liberation struggles into building a functional domestic economy, perhaps millions of Nigerians would not be fleeing abroad in search of economic survival today.
The painful reality is that many Nigerians abroad are not economic adventurers; they are economic exiles.
The ugliest side of it all is that they are exiled by unemployment, exiled by corruption, and exiled by policy failures. Again, they are exiled by a system that has repeatedly failed to convert national wealth into shared prosperity but into embezzlement that still finds its resting place in a foreign account.
This is why solving xenophobia requires more than diplomatic protests or emotional outrage, as exuded in the National Assembly by some members like Adams Oshiomhole and others. This calls for the political actors and those in the financial space to fix the conditions that force Nigerians into vulnerable migration in the first place.
One undeniable fact is that, as a country, Nigeria must fundamentally rethink governance and economic management as it takes into consideration the following solutions.
First, public accountability must become non-negotiable and should not be compromised anywhere. Corruption and resource mismanagement are critical and have robbed generations of opportunities, and these are the major traits fueling the exile. Infrastructure, industrial development, education, and healthcare must become genuine priorities rather than campaign slogans, as all these must become a reality, not a feeble promise.
Second, the banking sector must reconnect with the real economy. Financial institutions cannot continue generating enormous profits from government securities while productive sectors collapse. The government should hold a roundtable discussion with banks, which must be incentivised and, where necessary, compelled to increase lending to SMEs and productive industries capable of generating employment.
Third, there must be deliberate and conscious investment in skills, innovation, and entrepreneurship. Young Nigerians should not have to leave their homeland merely to survive because it is an aberration for a country that is enormously rich but still has some of its best hands eloping from the country.
Finally, African governments must reject the politics of division and scapegoating. This contradiction is at its height because Africa cannot claim to pursue continental unity while Africans are hunted in other African countries.
In all of the deliberation, the truth remains the same, in the sense that the story of Nigerians suffering xenophobic violence in South Africa is ultimately a story about failed systems on both sides, one on the side of economic failures pushing migrants out and the social failures turning migrants into enemies.
Until these structural realities are confronted with honesty and urgency, the cycle will continue. More young Nigerians will leave. More migrants will become vulnerable. More African societies will turn inward against each other.
But this trajectory is not irreversible. One gift that can’t be taken away from Nigerians is that Nigeria still possesses the talent, entrepreneurial energy, and human capital necessary to build a prosperous economy that gives its citizens reasons to stay rather than flee. The truth is that what has been lacking is not potential but responsible leadership and economic vision.
The true solution to xenophobia may therefore begin far away from the streets of Johannesburg or Durban. It may begin in Abuja, with governance that works, institutions that serve, banks that invest in people, and leadership that finally understands that national dignity is measured not by speeches but by whether citizens can build meaningful lives at home.
Until then, the “japa” flag will keep flying, as many Nigerians will remain exiled, not merely by borders, but by the failures of the country they still desperately want to believe in.
Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]
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