Feature/OPED
Is This The Change We Voted For? Yes, It Is
By Garba Shehu
The last couple of weeks have witnessed the heaviest public criticism of the Muhammadu Buhari administration since he came to power after inflicting a heavy defeat on the Peoples Democratic Party and their candidate Dr Goodluck Ebele Jonathan. Much of it has been on account of the unresolved social and economic problems facing the country.
Unfair criticism of the Buhari administration especially on account of escalating prices of foodstuff and the liberalization of the currency exchange needs to be challenged before it overshadows the commendable job the President has done in fighting terrorism as part of overall effort to secure the country, reducing corruption and yes, arresting the economic slide before it sinks the the nation.
The Hausa have a saying: “Ba zomo na kashe ba, rataya a ka bani,” meaning literally “I killed no rabbit, I am helping to carry the prey.”
Wherever they go these days, in London, Dubai, Beijing, Washington, New York or Tokyo, Nigerians get the good feeling of being asked the question, how is President Muhammadu Buhari?
It is a proud moment for many citizens that the country is being perceived differently now that it has a different kind of leader creating a positive buss abroad, the kind of sentiment that can lead to foreign investments when properly capitalized upon.
The lavish praise the President gets abroad and the wide public support he enjoys among the lower segment of the local population is, by contrast, given a short shrift in the local press, mainstream and online. At its lowest point, this unambiguous media rebuke has created a wave of sympathy for anyone with a view that runs counter to the President’s.
Boko Haram terrorist leader, Shekau or the pipeline vandal from the Delta region is more likely to get newspaper front pages today than the Minister of Labour, Senator Chris Ngige or the Finance Minister Kemi Adeosun talking about jobs creation in the economy.
I don’t say that media criticism is not reflective of the feeling of the citizens.
President Buhari has himself on numerous occasions admitted that the change mantra has brought with it pain and suffering which he likened to the pains of labour. It is a passing phase.
When they ask the question, is this the change we voted for, the critic forgets how far we have come from the scam-tainted years of the PDP rule.
How many people have given a thought to the possibility of Nigeria doing something that the combined strength of Europe and America have failed to do?
There are many today who take for granted the declared victory over the Boko Haram terrorists, forgetting the reign of the bomber who made it almost impossible for regular attendance in Churches and Mosques in many of our cities, including the Federal Capital City, Abuja.
Victory over Boko Haram has brought peace not only to Nigeria but to the countries in the Lake Chad region.
The world leaders are still at work trying to contain the Islamic State in Syria and Iraq, ISIS, which threat sadly continues to become more potent.
Everyone living in Nigeria knows that there is a major movement against corruption as part of the ongoing change. This war has forced the return to the treasury of billions of Naira and millions of Dollars stolen by past officials.
On account of this war, government suspects that the biggest trigger of the opposition to the change agenda is the army of the corrupt. With the enormous resources at their disposal; money that is unearned, these forces are ready to throw in everything to gag the Buhari administration.
When he assumed office, President Buhari said he understood the outcry of Nigerians and was determined to right those wrongs. I will remind you of his inaugural speech where he said: “At home we face enormous challenges. Insecurity, pervasive corruption, the hitherto unending and seemingly impossible fuel and power shortages are the immediate concerns. We are going to tackle them head on. Nigerians will not regret that they have entrusted national responsibility to us. We must not succumb to hopelessness and defeatism. We can fix our problems.”(Emphasis added).
He has said times without number that his government is dedicated to the poor. As can be seen from the 2016 budget, this is a government that is determined to hugely empower the disadvantaged groups- the poor, the jobless, the widows and the orphaned children including those of the North-East.
As a listening government, the President was prepared to open the door to additional food imports but given the processes involved, the turnaround in any such import of commodities would have taken a long time as to coincide with the harvest of home grown grains and cereals now in progress. The market would have been deluged and the local grower given the short end of the stick.
Calls on Hausa radio by a rabble-rousing section of the opposition for the “reopening of borders” to “allow food come in” are redundant and mischievous because all the county’s borders remain open till date.
Following the budget, the administration has begun rolling out several social welfare programs. The direct cash transfer to the poorest of the poor, the school feeding and the recruitment/skills training of about one million jobless citizens are such an example.
In addition to hard work, all leaders need luck on their side to create what is sometimes seen as economic miracles. As leader, President Buhari never had the luxury of high oil prices as did his predecessors in office.
When he first emerged as the military Head of State, General Muhammadu Buhari saw oil price, the mainstay of the nation’s economy sank to as low eight Dollars a barrel.
He rolled up his sleeves, worked on diversification strategy of the economy only to be eased out of power just as they began to take hold. Thereafter, his successors abandoned these efforts.
On his second coming, this time as a democratically elected leader, the collapse of oil prices has challenged President Buhari to quicken efforts towards the diversification of the economy with emphasis given to agriculture and solid minerals mining. Every crisis, it is said, is an opportunity. Not so in Nigeria. This is a county that inherited massive technological inventions from Biafra, yet failed to take it forward. We must not lose this opportunity to diversify the economy and our foreign earnings presented by the present oil crisis.
As the country hopes for a bumper harvest this year, government is taking steps to ensure that no farmer will sell at a loss or fail to find markets for their harvests. Grain silos are being readied nationwide to receive excess produce for warehousing to ensure food security, avert market glut and price collapse. By this, government will ensure a minimum guaranteed price.
In dealing with challenges of the economy, the administration is devoting attention to ridding the country of its notoriety as a difficult place of doing business.
The government has been making quiet but significant progress in this area, thanks to the leadership given by the National Economic Council under the Vice President and the combined efforts of the Ministries of Trade and Investment, Finance, Interior, Foreign Affairs, Budget and Planning and the Customs under new leadership.
Everyone in this sector is doing everything in their power to boost up Nigeria.
President Muhammadu Buhari’s infrastructure initiatives will see country making progress with intractable projects such as the Second Niger bridge, the East-West expressway, the green field Lagos-Abuja expressway and important national railway projects, Lagos-Calabar and Lagos-Kano which had been on the drawing boards for as long as anyone can remember.
These projects will be counted among the accomplishments of the administration alongside the 4,000 MW Mambila power plant which the President has declared a national priority. Government has also taken several bold steps to boost renewable energy. It has opened the door for a new conversation on the environment with decisive steps towards the clean-up the Ogoniland in the Niger Delta.
The currency liberalization and the deregulation of the petroleum products sale will make President Buhari one of the best presidents till date. The removal of subsidies on the petrol products has saved the government more than two trillion Naira annual expenditure in this respect.
President Buhari’s foreign trips have brought many things to the country. He has energized our foreign policy. Beyond the enormous goodwill reaped from “resetting” age-old but damaged relations with neighbors and distant partners and friends, the President has attracted foreign development assistance and direct investments (FDI). It is generally accepted that good foreign relations bring foreign direct investment. So much is currently being done one year into the administration. This is in spite of the world economy being sluggish and recession-stricken.
It bears repeating that President is a different kind of leader, who just happens to be a victim of the tyranny of high expectations. He has brought positive intention, commitment, honesty and personal integrity into governance. This is why the country’s poor hold him so dear; this is why the world is in love with him.
His knack for prudent spending and effective management of resources is in the belief that this country can only prosper when there is transparency, reduced corruption and a drastic cut in bureaucratic red tape.
His decision to have a small cabinet, reducing government ministries from 46 to 24 has the effect of relieving the treasury of the burden of salaries, allowances and miscellaneous expenses now being counted in billions of Naira.
President Buhari should be credited for the unblemished record of his ministers. This is a government that has stayed above scandal for a year.
If all of these are not desirable changes, to be appreciated and adored, it is hard to know or determine what some of our critics want.
These reforms certainly represent major milestones in change which have led to a decline of corruption at the top.
As to the question of these leading to a resurgent economy, it all means that in a democracy everything takes times. The President needs our support with understanding and patience. No matter how hasty a president wants to bring changes, there is no magic wand in that office to make everything change from bad to good or make all of us prosperous with a wave of the hand. This change is on course. It requires patience.
The change is working for the nation and sooner than later, the testimony shall be given.
Garba Shehu is the Senior Special Assistant to the President on Media and Publicity.
By Blaise Udunze
When the federal government approved the write-off of about $1.42 billion and N5.57 trillion in legacy debts owed by the Nigerian National Petroleum Company Limited (NNPC Ltd) to the Federation Account, it was rightly described as a landmark decision. After years of disputes, reconciliations, and contested figures, Nigeria’s most important revenue institution was, at least on paper, given a cleaner slate.
The approval, contained in a report prepared by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and presented at the last year November meeting of the Federation Account Allocation Committee (FAAC), effectively wiped out 96 percent of NNPC’s dollar-denominated obligations and 88 percent of its naira liabilities accumulated up to December 31, 2024. It resolved long-standing balances arising from crude oil liftings, joint venture royalties, production-sharing contracts, and related arrangements.
Judging it critically, the decision carries both promise and peril, but can be viewed from the perspective of a country desperate to restore confidence in public finance management. It offers an opportunity to reset relationships, clean up accounting records, and move forward under the Petroleum Industry Act (PIA). Yet, it also exposes deep structural weaknesses in Nigeria’s oil revenue governance, weaknesses that, if left unaddressed, could turn today’s debt relief into tomorrow’s fiscal regret.
Context matters. The debt write-off comes not during a period of revenue abundance, but at a time when Nigeria’s upstream revenue performance is under severe strain. According to the same NUPRC document, the commission missed its approved monthly revenue target for November 2025 by N544.76 billion, collecting only N660.04 billion against a projected N1.204 trillion.
Royalty receipts, the backbone of upstream revenue, tell an even starker story. It is alarming that against an approved monthly royalty projection of N1.144 trillion, only N605.26 billion was collected, leaving a shortfall of N538.92 billion. Cumulatively, by the end of November 2025, the revenue gap stood at N5.65 trillion, with royalty collections alone falling short by N5.63 trillion. These figures underscore how fragile Nigeria’s fiscal position remains, even as trillions of naira in historical obligations are being written off.
To be fair, the debts forgiven were not incurred overnight. They are the product of years of disputed remittances, lacking transparent accounting practices, and overlapping institutional roles, particularly under the pre-PIA regime. As petroleum economist Prof. Wumi Iledare has repeatedly observed, the former Nigerian National Petroleum Corporation combined regulatory, commercial, and operational functions, making revenue reconciliation cumbersome and frequently contested.
That legacy continues to haunt the system, as witnessed with the ongoing dispute between NNPC Ltd and Periscope Consulting, the audit firm engaged by the Nigeria Governors’ Forum, over an alleged $42.37 billion under-remittance between 2011 and 2017, which illustrates how unresolved the past remains. Though NNPC insists all revenues were properly accounted for as claimed, Periscope maintains that significant gaps persist, forcing FAAC to mandate yet another reconciliation exercise. This recurring pattern of audits, counterclaims, and stalemates has weakened trust in the federation revenue system and eroded confidence among states that depend on oil proceeds for survival.
Crucially, the debt write-off does not mean NNPC has turned a corner financially. Statutory obligations incurred between January and October 2025 remain on the books, amounting to about $56.8 million and N1.02 trillion. Although part of the dollar component was recovered during the period under review, the accumulation of new liabilities so soon after reconciliation raises uncomfortable questions about whether old habits are being replaced with genuine fiscal discipline.
More troubling still is what NNPC’s own audited financial statements reveal about its internal financial health. Despite recording a profit after tax of N5.4 trillion on revenues of N45.1 trillion in 2024, the company’s inter-company debts ballooned to N30.3 trillion, representing a 70 per cent increase within a single year. This is not debt owed to external creditors but largely obligations between NNPC and its subsidiaries, effectively the company owing itself.
Records show that of 32 subsidiaries, only eight are debt-free, and the rest, particularly the refineries, trading arms, and gas infrastructure units, remain heavily indebted to the parent company. There was a recurring cycle where profitable units subsidise chronically underperforming ones, and accountability steadily erodes because cash that should fund maintenance, expansion, and efficiency improvements is instead trapped in internal receivables.
The refineries offer a stark illustration whereby the Port Harcourt Refining Company alone owed N4.22 trillion in 2024, more than double its 2023 figure, while Kaduna and Warri refineries followed closely, with debts of N2.39 trillion and N2.06 trillion respectively. Despite the repeated failed turnaround maintenance with many years of rehabilitation spending, none have operated sustainably at commercially viable levels. Their continued dependence on financial support from the parent company highlights the cost of postponing difficult restructuring decisions.
And, for this reason, international observers have long warned about these structural weaknesses. One of the critics, the World Bank, has repeatedly flagged NNPC as a major source of revenue leakages. It further noted that the persistent gaps between reported earnings and actual remittances to the Federation Account. Even after the removal of petrol subsidies, the bank observed that NNPC remitted only about 50 per cent of the revenue gains, using the rest to offset past arrears. Such practices, while perhaps defensible in internal cash management terms, undermine fiscal transparency and weaken Nigeria’s macroeconomic credibility.
This is why the central issue is not the debt write-off itself, but what follows it because debt forgiveness is not reform. Without firm safeguards, it risks entrenching the very behaviours that created the problem in the first place. As Prof. Omowumi Iledare has warned, the scale and pace of the inter-company debt build-up represent a governance test rather than a mere accounting anomaly. Allowing subsidiaries to operate indefinitely without settling obligations is incompatible with the idea of a commercially driven national oil company.
The fact remains that if NNPC wants to function as a true commercial holding company under the PIA, it must enforce strict settlement timelines, restructure or divest non-viable subsidiaries, while clearly separating legacy debts from new obligations. With this, it holds subsidiary leadership accountable for cash flow and profitability. Independent, real-time audits and transparent reporting must become routine features of governance, not emergency responses triggered by controversy.
There is also a broader national implication. At a time when Nigerians are being asked to accept higher taxes, reduced subsidies, and fiscal tightening, large-scale debt write-offs without visible accountability risk undermining the legitimacy of the entire revenue system. Citizens cannot be expected to bear heavier burdens while systemic inefficiencies in the country’s most strategic sector persist.
Of a truth, the cancellation of NNPC’s legacy debts could mark a turning point in Nigeria’s fiscal governance, but only if it is not treated as its conclusion but the beginning of reform.
If discipline, transparency, and commercial accountability follow, the decision may yet help reposition NNPC as a profitable, credible, and PIA-compliant institution. If not, today’s clean slate will simply defer the reckoning until the next reconciliation, the next audit dispute, and the next fiscal crisis.
Blaise, a journalist and PR professional, writes from Lagos and can be reached via: [email protected]
By Dr Austin Orette
The grandiosity of Nigerians when they discuss events and situations can be very funny. If the leaders use this kind of creativity in proffering solutions, we may be able to solve some of the problems that plague Nigeria perennially.
There seems to be a sublime affectation for new lingos when the system is being set to punish Nigerians. It is a kind of Orwellian speak.
Recently, there was no electricity throughout the country. The usual culprit and government spoke; people came out to tell us the power failure was due to the collapse of the National grid. Does it really matter what is collapsing? This is just an attempt by some government bureaucrats to sound intelligent.
Intelligence is becoming a borrowed commodity from the IMF or World Bank. What does it mean when you tell Nigerians that the national grid collapsed? Is that supposed to be a reassurance, or it is said to give the assurance that they know something about the anemic electricity, and we should get used to the darkness. This is a language that is vague and beckons the consumer to stop complaining. Does that statement mean anything to Nigerians who pay bills and don’t see the electricity they paid for? If they see it, it comes with an irregular voltage that destroys their newly purchased appliances. Just tell or stay quiet like in the past.
Telling us that a grid collapse is a lie. We have no national grid. Do these people know how silly their language sounds? Nigeria produces less than 10,000 megawatts of electricity for a population of 200 million people. How do you permutate this to give constant electricity to 200 million people? It is an insult to call this low output a national grid. What is so national about using a generator to supply electricity to 200 million people? It is simple mathematics. If you calculate this to the minute, it should not surprise you that every Nigerian will receive electricity for the duration of the blink of an eye. They are paying for total darkness, and someone is telling them they have an electricity grid.
If you can call the 10,000-megawatt national grid collapsed, it means you don’t have the mind set to solve the electricity problem in Nigeria.
To put it in perspective is to understand the basic fact that the electrical output of Nigeria is pre-industrial. Without acknowledging this fact, we will never find solutions as every mediocre will come and confuse Nigeria with lingos that make them sound important.
It is very shameful for those in the know to always use grandiose language to obfuscate the real issues.
South Africa with a population of sixty million produces about 200,000 megawatts of electricity daily. Nigeria produces less than 10,000 megawatts. Why South Africa makes it easy to lift the poor from poverty, Nigeria is trying to tax the poor into poverty.
The architects of the new tax plan saw the poor as rich because they could afford a generator.
A non-existent subsidy was removed, and the price of fuel went through the roof. Now the government says they are rich. What will they get in return for this tax extraction? Why do successive Nigerian governments always think the best way to develop Nigeria is to slap the poor into poverty? What are the avenues for upward mobility when youth corps members are suddenly seen as rich taxpayers? Do these people know how difficult it is to start a business in Nigeria?
After all the rigmarole from Abuja to my village, I cannot get a government certificate without a-shake down from government bureaucrats and area boys. The government that is so unfriendly to business wants to tax my non-existing businesses. Are these people in their right state of mind? Why do they think that taxing the poor is their best revenue plan? A plan like this can only come from a group of people who have no inkling of what Nigerians are going through. People can’t eat and the government is asking them to share their meager rations with potbellied people in Abuja.
Teach the people how to fish, then you can share in their harvest. If an individual does what the government is doing to Nigerians, it will be called robbery, and the individual will be in prison. When the government taxes people, there is a reciprocal exchange. What is being done in Nigeria does not represent fair exchange.
Nigerians have never gotten anything good from their government except individual wealth that is doled out in Abuja for the selected few.
The question is, will Nigerians have a good electricity supply? NO. Will they have security of persons and properties? No. Will they have improved health care? NO. Will there be good roads? No. Will they have good schools and good education? No.
Taxation is not good governance. A policy like this should never be rushed without adequate studies. Once again, our legislators have let us down. They have never shown the people the reason they were elected and to be re-elected. They are not playing their roles as the watchdog and representatives of the people. Anyone who voted for this tax bill deserves to lose their positions as Senators and Members of the House of Representatives.
We are not in a military regime anymore. Nigerians must start learning how to exercise their franchise. This taxation issue must be litigated at the ballot box. The members of the National Assembly have shown by their assent that they don’t represent the people.
In a normal democracy, taxation without representation should never be tolerated. They must be voted out of office. We have a responsibility and duty to use our voting power to fight unjust laws. Taxation without representation is unjust. Those voted into power will never respect the citizens until the citizens learn to punish errant politicians by voting them out of office. This responsibility is sacred and must be exercised with diligence.
Dr Austin Orette writes from Houston, Texas
For many Nigerian families, GOtv has become more than a television service. It is part of the daily routine. It is what people unwind with after a long day, what keeps children entertained on quiet weekend mornings, and what brings households together during football matches, movie nights, and festive celebrations. Over the years, GOtv has blended naturally into these everyday moments, shaping the way Nigerians enjoy entertainment at home.
Here are some of the reasons GOtv continues to stand out.
1. Local Content That Feels Like Home
Nigerians love stories that reflect their lives, and GOtv delivers this consistently. With Africa Magic, ROK, and other local channels, viewers enjoy Nollywood movies, relatable dramas, reality shows, and lifestyle programming that speak their language. These are familiar faces, familiar stories, and familiar experiences. GOtv understands the value of cultural connection and continues to invest in the content viewers care about.
2. Affordable Packages That Work for Real Families
GOtv has built its reputation on affordability. With packages designed for different budgets, families can enjoy quality entertainment without financial pressure. Some of the affordable packages on GOtv include GOtv Jinja, GOtv Jolli, GOtv Max, GOtv Supa, GOtv Supa Plus. This balance of good content at a comfortable price is a major reason GOtv remains a trusted household name across Nigeria.
3. A Channel Lineup That Has Something for Everyone
The beauty of GOtv is its range. Children enjoy their cartoons and animated shows, parents relax with movies and telenovelas, sports lovers stay connected to live games and highlights, and music and lifestyle channels keep the energy lively. Whether it is catching up on the news, finding something light after work, or choosing a family movie for the weekend, GOtv fits naturally into everyday Nigerian life.
4. Programming That Matches Our Daily Rhythm
GOtv understands the way Nigerians watch television. Weeknights come with easy to follow entertainment, weekends offer longer movies and marathons, and festive seasons arrive with special programming that brings everyone together. The schedule is practical, familiar, and aligned with the pace of Nigerian homes.
5. Easy Access Across the Country
From major cities to smaller communities, GOtv remains reliable and easy to use. Installation is straightforward, navigation is simple for both adults and children, and the service works seamlessly across the country. Even when life gets busy, GOtv makes it easy to stay connected, subscribers can pay and reconnect instantly without long processes or penalties, picking up right where they left off.
With relatable content, pocket-friendly pricing, and a channel lineup built around real Nigerian lifestyles, GOtv has earned its place in homes across the country. As the entertainment landscape evolves, GOtv continues to grow with its viewers, shaping how Nigerians watch, share, and enjoy moments together every day.
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