Feature/OPED
2023: TVCP and Leadership Recruitment
By Jerome-Mario Chijioke Utomi
It is common knowledge that while Nigerians and, of course, the global community were on Sunday, January 1, 2023, celebrating the ‘arrival’ of a brand new year, former President Olusegun Obasanjo released to Nigerians his regular trademark Open Letter, where he, among other remarks, endorsed the Labour Party candidate in the forthcoming general elections in the country, Peter Obi, describing him as a presidential candidate that has the edge over others in terms of knowledge, discipline, vitality and character, and, therefore, admonished Nigerians not allow opportunity that Peter Obi represents in the February 25 presidential poll slip through their hands.
As expected, the development has elicited reactions from political stakeholders and the general public. While some hailed the action of the former president, others viewed it with scepticism. The boundaries between both spheres have shifted back and forth for some days. In some cases, they have ended up igniting a lot of tension.
For instance, the supporters of Peter Obi believe that the insight that flows from Obasanjo’s letter remains credible and encouraged other past leaders to emulate him.
On their part, APC Presidential Campaign Council sees the endorsement as worthless because, in their estimation, the former president does not possess any political goodwill or leverage anywhere in Nigeria to make anyone win a councillorship election, let alone a presidential election.
The Atiku/Okowa Presidential Campaign Organization shares similar opinions with APC. To them, the support for the LP presidential candidate by Obasanjo was his personal wish, which did not reflect the opinion or position of the overwhelming majority of Nigerians across the country.
Indeed, while the debate about the viability or otherwise of the endorsement rages, there are, however, some silent but salient points that Nigerians must not fail to remember.
First and very fundamental is that it takes an illuminated mind to write a good letter, and it is, therefore, important that readers focus more on the message and not the messenger, as no one is infallible.
In the same way, one of the intrinsic privileges participatory democracy and the election of leaders confer on all is the enjoyment of access to the free flow of information. It gives each individual more standing within the society without reference to a class or fortune- to claim a measure of dignity equal to all others and empowers individuals to scrutinize the use of power by those in government so as to ascertain if we are the one using power or whether power is using us.
Considering this fact, I found nothing out-of-ordinary to warrant the ripple reactions that characterized Obasanjo’s recent use of analytical methods to advise Nigerians, particularly the youths, on the forthcoming general election.
Very germane, aside from enjoying the constitutional backing as enshrined in the nations’ 1999 constitution (as amended), to express his opinion, the open letter provided an honest roadmap that will assist Nigerians to elect as President someone that will restore the political and socioeconomic health of the nation.
Obasanjo captured it this way, “I will, without prejudice, fear or ill-will, make bold to say that there are four major factors to watch out for in a leader you will consider to hoist on yourself and on the rest of Nigerians in the coming election and they are what I call TVCP: Track record of ability and performance; Vision that is authentic, honest and realistic; Character and attributes of a lady and a gentleman who are children of God and obedient to God; and Physical and mental capability with the soundness of mind as it is a very taxing and tasking assignment at the best of times and more so it is at the most difficult time that we are.”
More than anything else, Obasanjo’s latest letter, in my view, further confirms that leadership holds the key to unlocking the transformation question in Nigeria, as only a sincere and selfless leader and a politically and economically restructured polity brought about by national consensus can unleash the social and economic forces that can ensure the total transformation of the country and propel her to true greatness.
Supporting the above assertion is the elder statesman’s encouragement of Nigeria to jettison in the country’s leadership recruitment system that has bred corruption, inefficiency, primitive capital accumulation and socially excluded the vast majority of our people, and in its place, work to build a new social and political order that can mobilize the people around common interests, with visionary leadership to drive this venture- as only then can we truly begin to resolve some of the socio-economic contradictions afflicting the nation.
Also, there is, in the opinion of this piece, another strategic reason to believe that issues raised by the former president may not be lacking in merit but should be considered accurate and charitable.
Recall that President Buhari, according to reports, had in March 2015, among other things, described Obasanjo as a courageous patriot and statesman who tells the truth to the power when he is convinced that leaders are going wrong. It is my prayer that PMB and other political gladiators will heed this truth that is now coming from that same courageous patriot.
Away from the current open letter, from public affairs analyst’s point of view, I believe and still believe that there is something fundamentally wrong with APC as a political party acronym that throws into confusion any nation they assume the mantle of leadership. It is not only in Nigeria but in Africa as a continent. If you are in doubt of this claim, wait till you cast a glance at this documented account.
In 1985, the All Peoples Congress (APC) took over the mantle of leadership in Sierra Leone (pre-war days) with Joseph Momoh at the helm of affairs; just immediately, the nation came to a halt; the civil servants’ salaries stopped, the road fell to pieces, the schools disintegrated, the National Television stopped in 1987 when the transmitter was sold by the Minister of Information. And in 1989, a radio tower that relayed radio signals outside Free Town fell, ending transmission outside the capital, with weapons pouring over the border as the government disappeared. The economy finally collapsed, and Sierra Leone kissed calamity.
Looking at the above account in relation to what is currently happening in the political geography called Nigeria, it rings apprehension as to whether the country will not be heading for the Sierra Leone experience if voted again in the forthcoming general election.
Essentially, even if an answer is provided to the above, it will not at any significant level erase the common belief by Nigerians that APC lacks the solution to the hydra-headed socioeconomic challenge facing the nation, a feeling that has, in turn, eroded the goodwill the party enjoyed in 2015.
In my view, what is happening is neither Peter Obi endorsement-specific nor open letter induced. The truth is that before this ripple reaction that trailed the latest letter, Nigerians were shell-shocked at ugly developments in the country under the present federal government.
This worry is particularly evident in the current administration’s inability to keep to the promise made in 2015 and 2019 to create a climate of opinion in the country that will look upon corruption in public offices as a threat to society. Instead, it has plundered and plummeted the country into more corruption while leaving the nation’s economy to walk in the valley of the shadow of death. This failure majorly explains what irked Nigerians against the present administration.
While the ultimate result of what the federal government is doing currently is in the womb of the future, and the result may not be palatable if the trend is allowed to complete its gestation without something dramatic done to have it aborted, the truth must be told to the effect that the APC-led federal government has eloquently proved to be pleasant talkers but inept in political will to implement any policy. They have, within this period, promoted corruption and made the entire brouhaha about the corruption fight superficial that only exists in the frame, with the vision neither sharp nor the goal clear.
Most importantly, Nigerians, particularly the youths, like Obasanjo suggested, must, therefore, not allow themselves to be confused but should look towards building a future that is free of suspicion and a nation that will be viewed at the world stage as the zone of peace and prosperity.
In the interim, this piece holds the opinion that Obasanjo’s open letter and endorsement of Peter Obi remains the most dynamic and cohesive action expected of a past leader of his class to earn a higher height of respect and the former president’s TVCP political formula on its part, is the only way forward.
This is a message that Nigerians, particularly the youths, must not allow to go with political winds.
Utomi is the Programme Coordinator (Media and Policy), Social and Economic Justice Advocacy (SEJA), Lagos. He can be reached via [email protected]/08032725374
By Luke Kyohere
The global payments landscape is undergoing a rapid transformation. New technologies coupled with the rising demand for seamless, secure, and efficient transactions has spurred on an exciting new era of innovation and growth. With 2025 fast approaching, here are important trends that will shape the future of payments:
1. The rise of real-time payments
Until recently, real-time payments have been used in Africa for cross-border mobile money payments, but less so for traditional payments. We are seeing companies like Mastercard investing in this area, as well as central banks in Africa putting focus on this.
2. Cashless payments will increase
In 2025, we will see the continued acceleration of cashless payments across Africa. B2B payments in particular will also increase. Digital payments began between individuals but are now becoming commonplace for larger corporate transactions.
3. Digital currency will hit mainstream
In the cryptocurrency space, we will see an increase in the use of stablecoins like United States Digital Currency (USDC) and Tether (USDT) which are linked to US dollars. These will come to replace traditional cryptocurrencies as their price point is more stable. This year, many countries will begin preparing for Central Bank Digital Currencies (CBDCs), government-backed digital currencies which use blockchain.
The increased uptake of digital currencies reflects the maturity of distributed ledger technology and improved API availability.
4. Increased government oversight
As adoption of digital currencies will increase, governments will also put more focus into monitoring these flows. In particular, this will centre on companies and banks rather than individuals. The goal of this will be to control and occasionally curb runaway foreign exchange (FX) rates.
5. Business leaders buy into AI technology
In 2025, we will see many business leaders buying into AI through respected providers relying on well-researched platforms and huge data sets. Most companies don’t have the budget to invest in their own research and development in AI, so many are now opting to ‘buy’ into the technology rather than ‘build’ it themselves. Moreover, many businesses are concerned about the risks associated with data ownership and accuracy so buying software is another way to avoid this risk.
6. Continued AI Adoption in Payments
In payments, the proliferation of AI will continue to improve user experience and increase security. To detect fraud, AI is used to track patterns and payment flows in real-time. If unusual activity is detected, the technology can be used to flag or even block payments which may be fraudulent.
When it comes to user experience, we will also see AI being used to improve the interface design of payment platforms. The technology will also increasingly be used for translation for international payment platforms.
7. Rise of Super Apps
To get more from their platforms, mobile network operators are building comprehensive service platforms, integrating multiple payment experiences into a single app. This reflects the shift of many users moving from text-based services to mobile apps. Rather than offering a single service, super apps are packing many other services into a single app. For example, apps which may have previously been used primarily for lending, now have options for saving and paying bills.
8. Business strategy shift
Recent major technological changes will force business leaders to focus on much shorter prediction and reaction cycles. Because the rate of change has been unprecedented in the past year, this will force decision-makers to adapt quickly, be decisive and nimble.
As the payments space evolves, businesses, banks, and governments must continually embrace innovation, collaboration, and prioritise customer needs. These efforts build a more inclusive, secure, and efficient payment system that supports local to global economic growth – enabling true financial inclusion across borders.
Luke Kyohere is the Group Chief Product and Innovation Officer at Onafriq
In a heartfelt statement released today, the Conference of Nigeria Political Parties (CNPP) has extended its warmest congratulations to Ghana’s President-Elect, emphasizing the importance of learning from Ghana’s recent electoral success as Nigeria gears up for its 2027 general elections.
In a statement signed by its Deputy National Publicity Secretary, Comrade James Ezema, the CNPP highlighted the need for Nigeria to reclaim its status as a leader in democratic governance in Africa.
“The recent victory of Ghana’s President-Elect is a testament to the maturity and resilience of Ghana’s democracy,” the CNPP stated. “As we celebrate this achievement, we must reflect on the lessons that Nigeria can learn from our West African neighbour.”
The CNPP’s message underscored the significance of free, fair, and credible elections, a standard that Ghana has set and one that Nigeria has previously achieved under former President Goodluck Jonathan in 2015. “It is high time for Nigeria to reclaim its position as a beacon of democracy in Africa,” the CNPP asserted, calling for a renewed commitment to the electoral process.
Central to CNPP’s message is the insistence that “the will of the people must be supreme in Nigeria’s electoral processes.” The umbrella body of all registered political parties and political associations in Nigeria CNPP emphasized the necessity of an electoral system that genuinely reflects the wishes of the Nigerian populace. “We must strive to create an environment where elections are free from manipulation, violence, and intimidation,” the CNPP urged, calling on the Independent National Electoral Commission (INEC) to take decisive action to ensure the integrity of the electoral process.
The CNPP also expressed concern over premature declarations regarding the 2027 elections, stating, “It is disheartening to note that some individuals are already announcing that there is no vacancy in Aso Rock in 2027. This kind of statement not only undermines the democratic principles that our nation holds dear but also distracts from the pressing need for the current administration to earn the trust of the electorate.”
The CNPP viewed the upcoming elections as a pivotal moment for Nigeria. “The 2027 general elections present a unique opportunity for Nigeria to reclaim its position as a leader in democratic governance in Africa,” it remarked. The body called on all stakeholders — including the executive, legislature, judiciary, the Independent National Electoral Commission (INEC), and civil society organisations — to collaborate in ensuring that elections are transparent, credible, and reflective of the will of the Nigerian people.
As the most populous African country prepares for the 2027 elections, the CNPP urged all Nigerians to remain vigilant and committed to democratic principles. “We must work together to ensure that our elections are free from violence, intimidation, and manipulation,” the statement stated, reaffirming the CNPP’s commitment to promoting a peaceful and credible electoral process.
In conclusion, the CNPP congratulated the President-Elect of Ghana and the Ghanaian people on their remarkable achievements.
“We look forward to learning from their experience and working together to strengthen democracy in our region,” the CNPP concluded.
By Kenechukwu Aguolu
The proposed tax reform, involving four tax bills introduced by the Federal Government, has received significant criticism. Notably, it was rejected by the Governors’ Forum but was still forwarded to the National Assembly. Unlike the various bold economic decisions made by this government, concessions will likely need to be made on these tax reforms, which involve legislative amendments and therefore cannot be imposed by the executive. This article highlights the purposes of taxation, the qualities of a good tax system, and some of the implications of the proposed tax reforms.
One of the major purposes of taxation is to generate revenue for the government to finance its activities. A good tax system should raise sufficient revenue for the government to fund its operations, and support economic and infrastructural development. For any country to achieve meaningful progress, its tax-to-GDP ratio should be at least 15%. Currently, Nigeria’s tax-to-GDP ratio is less than 11%. The proposed tax reforms aim to increase this ratio to 18% within the next three years.
A good tax system should also promote income redistribution and equality by implementing progressive tax policies. In line with this, the proposed tax reforms favour low-income earners. For example, individuals earning less than one million naira annually are exempted from personal income tax. Additionally, essential goods and services such as food, accommodation, and transportation, which constitute a significant portion of household consumption for low- and middle-income groups, are to be exempted from VAT.
In addition to equality, a good tax system should ensure equity and fairness, a key area of contention surrounding the proposed reforms. If implemented, the amendments to the Value Added Tax could lead to a significant reduction in the federal allocation for some states; impairing their ability to finance government operations and development projects. The VAT amendments should be holistically revisited to promote fairness and national unity.
The establishment of a single agency to collect government taxes, the Nigeria Revenue Service, could reduce loopholes that have previously resulted in revenue losses, provided proper controls are put in place. It is logically easier to monitor revenue collection by one agency than by multiple agencies. However, this is not a magical solution. With automation, revenue collection can be seamless whether it is managed by one agency or several, as long as monitoring and accountability measures are implemented effectively.
The proposed tax reforms by the Federal Government are well-intentioned. However, all concerns raised by Nigerians should be looked into, and concessions should be made where necessary. Policies are more effective when they are adapted to suit the unique characteristics of a nation, rather than adopted wholesale. A good tax system should aim to raise sufficient revenue, ensure equitable income distribution, and promote equality, equity, and fairness.
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