Feature/OPED
Nigeria Must Continue to Borrow, Unless…..

By Mon-Charles Egbo
Every economic index is a pointer that Nigeria is on the brink, ignobly sliding into the class of nations where self-sufficiency has become a mirage. Yet and despite the hues and cries over the steady rise in her public debt profile, there is no sign that the borrowing tendencies of the federal government will abate anytime soon.
Even the grim prospects of this gloomy future already lurking on the horizon sequel to the humongous debt so far accumulated or the prevailing debt-revenue ratio cannot make the ultimate difference in attitude.
Yes, the borrowing frequency cannot be wished away because there is a missing link implying that Nigeria will continue to witness motion without movement.
Granted, borrowing is a normal practice especially in a developing economy, but it becomes the worst of strategies when borrowing for consumption rather than production. It is even more devastating when the borrowings are principally for servicing of the existing debts coupled with the sheer absence of pragmatic measures or capacities for sustainability, not to talk of a possible halt to future borrowing.
Sadly, this is the pathetic lot of Nigeria where the emerging challenges far outweigh the possibilities for socio-economic revitalization let alone expansion, thus making a worsened economic crisis inevitable.
And ironically, popular opinions place blames for this rapidly unfolding precarious situation on the legislature. To them, the national assembly has since abdicated its responsibilities of checks and balances for which the executive always has its ways when it comes to borrowing requests because the necessary questions are not being asked.
Prominently, this is the parameter for the comparison between the present and immediate past parliaments. And of course, it is catching fire among the populace largely due to the orchestrated elitist manipulation of the vulnerable as also being facilitated by the fallouts of the economic hardship in the land.
But quite objectively and given Nigeria’s peculiarities, past leadership failures indeed created the opportunities for the socio-economic woes which incidentally the present leadership inherited, while the masses, with the elites accounting for the larger chunk, are culpable in the propagation.
Ignorantly or deliberately, the predominant assumption is that citizens’ civic responsibilities begin and end with the leadership recruitment processes or that it is just about the casting of votes, forgetting that elections as well bring in both good and bad governance.
Most Nigerians seem not to know that the people’s obligations entail actively-but-objectively engaging the leadership, cooperating with the government, saying and doing the right thing all the time as well as speaking truth to power, timely and appropriately. No leadership ever succeeds without the support of the followers.
And then for both the government and the citizens, it calls for diligent commitment to an exemplary sense of accountability on both ends. Other statutory demands include willingness to collaborate and make necessary sacrifices, demonstration of strategic thinking and proactive dispositions including a commitment to asking the right questions and offering the right answers, all timely.
Standing to be counted is certainly not just about partisanship, regionalism and religion. Genuine quest for national development is more about imbibing the Kennedyian principle of seeking what to do for one’s country and not just what the country does for them. Succinctly, nation-building is about patriotism and nationalism.
For instance and retrospectively, Ibrahim Babangida’s regime in a rare democratic norm in a dictatorship threw open the debate on the desirability or otherwise of taking an International Monetary Fund (IMF) loan of $2.5 billion to rejig the economy.
According to Senator Orji Uzor Kalu, who verifiably was not in government then, “opinion was sharply divided between those who felt we should take the loan and those who thought otherwise.
For me, there was a middle course I felt we should thread. I believed that Nigeria required the equivalent of the kind of which the IMF bailout package promised to shore up the sliding economy. At the same time, I thought that the conditions attached would, at least in the short term, make life terrible for Nigerians. These conditions included the devaluation of and floating of the naira, privatisation of social services, and rationalisation of the civil service, among others.
So, my attitude was one of a complete rejection of the IMF loan. I felt since we needed the money, we must find out how we could get it without being subjected to the harrowing terms proposed by the IMF. We should source it internally.
Satisfied with this logic, I decided to add my voice to the cacophony of voices that were already choking the public space. I suggested that instead of accepting the IMF loan and suffer the consequences of its onerous terms and conditions, wealthy Nigerians should lend the money to the government, and we had a lot of them in the country, with unimaginable but idle funds stashed up in foreign bank accounts.
Being one of the wealthy Nigerians myself, I decided to walk the talk by offering to give the country an $800,000 loan. And I challenged other wealthy Nigerians to follow suit so that together we could rescue the country from the economic crisis and save future Nigerians from economic slavery”.
What else could better describe love for the country? That Kalu then was not in government underscores that patriotism and nationalism do not come with government positions and equally are not limited to giving, but involve seeking ways to make government deliver for the benefit of the society. And again, this is the missing link in today’s Nigeria.
Moving forward, records show that the government of the day is doing a lot in combating the pitiable infrastructure deficit bedevilling the country. But the reality is that these investments are not yet translating to improved quality of life for the citizenry. Hence, the sustained outcry against the government’s proposal to borrow is unquestionably justified, though being improperly channelled.
Understandably also, it is this urgent need to make life meaningful for the masses that shapes the overall actions of the 9th national assembly, particularly the senate.
Christened the Senate That Works For The People, it is favourably disposed to things that add value to the people. It consciously does its job without unnecessarily hurting the people by grounding the economy all in a bid to be seen as being ‘truly independent’.
However, it has severally demonstrated that this overriding necessity for collaboration with the other arms of government in serving the people should not breed compromise. Diligent research offers sufficient proof in this regard.
And as for the president of the Senate, Ahmad Lawan, every arm must be seen to be delivering in their mandates provided that they are being guided by the national interest and welfare of the citizenry.
According to him on why he did not toe the path of his predecessor in declining approvals to executive’s loan requests, “the situations are not the same. In 2016 there were no details. I think the president has learnt his lesson. This time, the presidency brought the requests with every possible detail. If we don’t have money and you have projects to build, how will you provide the infrastructure that you need?
“But one thing is that we are going to be critical that every cent that is borrowed is tied to a project. These are projects that will have spill-over effects on the economy and we will undertake our oversight so well to ensure that such funds are properly, prudently, economically and transparently applied on those projects.
“I want to inform this gathering and, indeed, Nigerians that the letter conveying the loan request of the executive came with every possible detail and, in fact, we will ensure that we are getting the right information from the executive arm of government…. you will agree with me that some projects are time-bound, so such projects suffer. Where revenues could not be enough, definitely not every aspect of the budget will be implemented. But it is our desire that every aspect of the budget will be implemented”.
Except for other reasons beyond good governance, this position is explicit. President Muhammadu Buhari won his elections based on what he promised to do and what he was doing. So, all he needs are complementary and collaborative efforts within the ambits of the laws.
So, instead of unfairly portraying the legislature in a bad light relative to our economic challenges, we should seek to always argue from the position of adequate and balanced information. We should acknowledge that world over, responsible and responsive parliaments are those that enjoy the people’s support and cooperation through sustainable exchange of information and ideas.
In other words, performing legislatures have a functional mechanism for robust citizens’ engagement and participation in legislative processes and governance generally; wherein the people actively monitor parliamentary activities, share information by asking the right questions and demanding the right answers as well as speaking up, timely and appropriately. For the umpteenth time, no government ever succeeds without the people.
As such, it is expected that each time any loan proposal is made public, the masses should cordially rally around their representatives, through the appropriate channels to express their opinions to effectively shape legislative outputs. Particularly, in this case, such interfaces provide veritable platforms for interrogation of the appropriateness or otherwise of the objectives for which the loans are being taken, including the terms and possible alternatives.
Among others, the people being the target-beneficiary see where the infrastructural developments occur and equally acknowledge the necessities of such relative to the economy as well as the scope, quality and cost of the projects. Hence, they are well-placed to expose corruption, plug revenue leakages and provide their representatives with relevant details that lead to robust debates at the plenary.
Above all, it is only in deliberate citizens’ participation that we can fairly assess and evaluate the legislature, aware that unapologetically, any representative that does not embody the ideals and aspirations of their people is adjudged a failure.
Therefore, rather than unwittingly harming our national image and reputation, especially based on partisan and self-serving considerations, may we show sufficient understanding that constructive criticisms capable of facilitating good governance go way beyond obsessions with talking about individuals, political parties and government institutions.
We must admit that unless the public functionaries, both elected and appointed, begin to uphold and promote the culture of excellence, while the elites revive and sustain the culture of giving back to the society, and then the people become self-motivated to close ranks with the government towards entrenching transparency at all levels of governance, the probity and accountability that drive good governance would remain elusive and borrowing must continue. We should appreciate where we are coming from and then concede that open hostilities do not in any way advance the social contract between the people and the government.
And finally, are there no more Nigerians in the mould of Senator Orji Uzor Kalu who are persuaded out of patriotism and nationalism “to follow suit so that together we could rescue the country from the economic crisis and save future Nigerians from economic slavery”?
Mon-Charles Egbo is the print media aide to the president of the senate.
Feature/OPED
Nigeria’s Bold Strides Towards a Sustainable Future

By Alex Oware
President Bola Tinubu has firmly established Nigeria as a proactive and visionary leader in the global pursuit of climate action and sustainable development. Recognising that environmental stewardship is intrinsically linked to economic prosperity, his administration has moved beyond viewing climate change as a mere ecological concern, positioning it instead as a pivotal economic opportunity ripe for exploration and investment.
President Tinubu’s emphatic pronouncements at the 2025 Abu Dhabi Sustainability Week and during a high-level virtual dialogue underscored Nigeria’s unwavering commitment to international collaboration, emphasising the critical need for a unified global response to the escalating climate crisis. He astutely highlighted that the realisation of a truly sustainable future necessitates robust global interconnectedness and a shared sense of responsibility amongst all nations.
Nigeria’s comprehensive strategy for tackling the multifaceted challenges of climate change rests upon three fundamental pillars: a decisive shift towards clean energy transition, the building of robust climate resilience, and an overarching commitment to sustainable development. To translate these core principles into tangible realities, the current administration is actively implementing a range of key initiatives designed to wean the nation off its reliance on traditional fossil fuels.
A significant aspect of this endeavor involves the substantial expansion of infrastructure to support the widespread adoption of Compressed Natural Gas (CNG) and electric vehicles. Simultaneously, the government is strategically focusing on harnessing Nigeria’s abundant solid mineral resources to provide crucial materials for the burgeoning green energy sector.
Complementing these efforts are the implementation of climate-smart agricultural practices, aimed at simultaneously enhancing national food security and minimising detrimental environmental impacts.
Furthermore, the newly introduced National Clean Cooking Policy seeks to promote clean energy solutions at the household level, promising significant environmental, health, and socio-economic benefits for Nigerian citizens.
These ambitious endeavors are meticulously designed to deliver palpable value and positive impact directly to the lives of Nigerians. The diversification of energy sources holds the promise of cleaner air and a significantly healthier environment for communities across the nation.
The active promotion of CNG as a viable alternative fuel is strategically aimed at mitigating the economic and social hardships that have arisen from the removal of fuel subsidies, offering a more affordable and sustainable energy option for transportation and domestic use. The widespread adoption of climate-smart agriculture is paramount for bolstering food security, ensuring a stable and reliable food supply, and safeguarding vulnerable local communities from the increasingly severe adverse effects of climate change, such as droughts and floods.
Moreover, the deliberate expansion of the green energy sector is projected to generate a wealth of new employment opportunities and empower local entrepreneurs, particularly in rural communities that are gaining access to reliable and sustainable electricity for the first time.
In a demonstrably bold move that underscores the administration’s commitment to these overarching goals, President Tinubu’s government has put forward a significant N10 billion solar power project specifically for the Aso Rock Presidential Villa. This ambitious initiative is presented as a crucial step towards establishing a more sustainable and dependable energy future for the entire nation, starting from the highest levels of governance.
Proponents of the project persuasively argue that it aligns seamlessly with global best practices, drawing parallels with the increasing adoption of solar energy in key government institutions worldwide. The Energy Commission of Nigeria (ECN) has vigorously defended the project, asserting that it is fully in line with President Tinubu’s broader reforms aimed at fundamentally transforming Nigeria’s energy landscape and decisively tackling the persistent and crippling energy debt crisis.
The ECN further emphasises that solar energy offers inherent efficiency, provides a crucial shield for Nigerians against the volatility of rising tariffs on conventional energy sources, and has the potential to significantly ease the immense pressure currently burdening the national electricity grid.
While the project has understandably sparked public debate and scrutiny regarding its substantial cost and prioritisation in the face of other pressing national needs, the government strategically positions it as an innovative approach that demonstrates leadership by example and a profound commitment to integrating clean energy solutions at the very apex of Nigerian governance.
Beyond these crucial domestic initiatives, President Tinubu has actively and strategically sought robust international collaboration and support for Africa’s complex transition towards a green economy, fully acknowledging that the necessary investments are inherently capital-intensive.
Nigeria has already demonstrated commendable leadership on the continental stage by being the first African nation to successfully launch Sovereign Green Bonds, specifically designed to finance environmentally sustainable projects across various sectors.
Furthermore, the country is actively in the process of developing a comprehensive Global Climate Change Investment Fund, with the primary aim of attracting substantial further investment in critical green infrastructure and innovative clean energy initiatives.
Nigeria remains steadfast in its commitment to achieving net-zero greenhouse gas emissions by the ambitious target year of 2060 and is actively engaged in the crucial process of updating its Nationally Determined Contributions (NDCs) under the esteemed UN Framework Convention on Climate Change.
The recent finalisation of the Nigeria Carbon Market Activation Policy in March 2025 is projected to unlock a substantial potential of up to $2.5 billion in valuable carbon credit investments by the pivotal year of 2030. This influx of capital is expected to further bolster climate-aligned economic growth and create new avenues for sustainable development.
Moreover, Nigeria is actively collaborating with various United Nations agencies to develop a comprehensive guideline for a just transition towards a fully decarbonised economy. This crucial collaboration ensures that the inevitable shift towards clean energy and climate-resilient solutions is implemented in a manner that leaves no community or economic sector behind, prioritising the creation of green jobs, the development of essential skills, and comprehensive capacity-building initiatives across the nation.
President Tinubu’s overarching strategy underscores a holistic and integrated approach that seamlessly weaves climate action into Nigeria’s broader development agenda, recognising it not as a separate concern but as a fundamental strategic imperative for sustained economic growth and comprehensive national transformation.
By diligently pursuing these comprehensive and interconnected strategies, Nigeria aims not only to effectively address the urgent and pressing challenges posed by climate change but also to unlock significant and lasting economic and social benefits for all its citizens, paving a clear and sustainable pathway towards a resilient, equitable, and prosperous future for generations to come.
Alex Oware is the Regional Director for YP4T
Feature/OPED
Navigating the Maze: Solutions for Nigeria’s Flourishing Foodtech Industry

By Diana Tenebe
Nigeria’s foodtech sector holds immense promise to transform our nation’s food production, distribution, and consumption systems. However, this burgeoning industry currently navigates a complex maze of challenges that could significantly hinder its progress.
While innovation and entrepreneurial drive are abundant, a confluence of infrastructural deficits, economic headwinds, technological disparities, and logistical complexities casts a shadow on the sector’s long-term viability.
Understanding and addressing these multifaceted hurdles is paramount for foodtech companies aspiring to thrive and contribute meaningfully to Nigeria’s food security.
One of the most significant impediments to the foodtech sector’s advancement is Nigeria’s persistent infrastructural weaknesses. The unreliable power supply, a well-known constraint for businesses nationwide, directly threatens food preservation, increasing spoilage risks and driving up operational costs for companies reliant on refrigeration and consistent processing.
Similarly, the often-deteriorated state of our road networks complicates logistics and transportation, hindering the efficient movement of goods from farms to consumers and across the supply chain.
Furthermore, limited access to clean water exacerbates operational challenges, particularly for maintaining food processing and hygiene standards. Collectively, these infrastructural shortcomings inflate operational expenses and introduce vulnerabilities throughout the food supply chain.
Economic constraints add another layer of intricacy. Fluctuations in currency exchange rates create instability in pricing and procurement, especially for businesses dealing with imported technologies or ingredients. Persistent inflation erodes consumer purchasing power and increases the cost of essential inputs, squeezing profit margins for startups.
Moreover, limited access to credit and investment capital makes it difficult for emerging foodtech companies to secure the necessary funding to invest in crucial technology, infrastructure, and expansion efforts. This financial constraint can stifle innovation and prevent promising ventures from reaching their full potential.
The digital divide also poses a unique challenge for foodtech companies aiming to leverage online platforms and digital solutions. While mobile phone usage is widespread in Nigeria, disparities in digital literacy and access to reliable internet connectivity can restrict the widespread adoption of online food ordering and delivery services, particularly in rural and underserved communities. This necessitates creative and inclusive strategies to bridge the digital gap and reach a broader consumer base.
Inefficiencies within the supply chain represent a critical bottleneck in the Nigerian food system. Fragmented agricultural supply chains, characterised by numerous intermediaries and a lack of transparency, contribute to alarmingly high post-harvest losses.
Inadequate storage facilities and inefficient transportation infrastructure further compound these issues, leading to significant waste and price volatility. Addressing these systemic weaknesses is crucial for ensuring a stable and affordable food supply for all Nigerians.
Navigating Nigeria’s regulatory landscape can also be a daunting task for foodtech businesses. The presence of multiple regulatory agencies, coupled with often bureaucratic and time-consuming processes for obtaining licenses and permits, can create significant hurdles for startups. Clear, consistent, and streamlined processes within the regulatory framework are essential to foster a more enabling environment for innovation and growth.
Building consumer trust and acceptance for new food technologies requires overcoming inherent skepticism and unfamiliarity. Concerns regarding food safety, quality, and the security of online transactions can hinder the adoption of novel food products and digital platforms. Transparent communication, robust quality control measures, and consistent consumer engagement are vital for building confidence and fostering widespread acceptance.
Finally, a notable talent gap exists within the Nigerian foodtech ecosystem. A shortage of professionals possessing specialised skills in food science, technology, business management, and logistics can limit the growth and innovation capacity of companies in this sector. Addressing this skills deficit through targeted training and development initiatives is crucial for long-term success.
Despite these significant challenges, promising pathways forward can be forged through innovative and context-specific approaches. Investing in localised infrastructure solutions, such as independent power generation and efficient localised logistics networks, can mitigate the impact of broader infrastructural deficiencies.
Exploring diverse funding avenues beyond traditional banking, including angel investors, government grants, crowdfunding, and revenue-based financing, can alleviate financial constraints.
Adapting to the digital divide by leveraging basic mobile technology and employing offline strategies like local agent networks can expand reach and inclusivity. Building resilient supply chains through direct farmer relationships, investing in aggregation centres, and utilising technology for farm management offer tangible solutions to logistical inefficiencies.
Proactive engagement with regulatory bodies and advocating for clearer, more supportive policies are crucial for navigating the regulatory landscape effectively. Building consumer trust necessitates transparent sourcing practices, clear communication about product benefits and safety, and active engagement with consumer feedback.
Finally, investing in talent development through collaborations with educational institutions and in-house training programs can bridge the critical skills gap.
Foodstuff Store is emerging as a business with a clear vision to directly confront several of these challenges. We are actively developing a decentralised network of businesses supported by strategically located distribution hubs across target states. This approach will directly address the limitations imposed by poor road networks, ensuring more localised access to our food products.
Furthermore, the establishment of regional storage facilities, including a state-of-the-art solar-powered cold storage, directly tackles infrastructural deficiencies related to food preservation and ensuring a consistent supply.
Foodstuff Store’s ambition for end-to-end management of the food supply chain, encompassing in-house production, direct sourcing, advanced storage solutions, and efficient distribution, offers a powerful solution to existing supply chain inefficiencies.
This integrated approach promises enhanced quality control, significant reductions in post-harvest losses, and a more reliable supply of both perishable and non-perishable goods for our customers.
Our aspiration to become the “Amazon for Food Products” is a clear and ambitious goal underpinned by a technology-driven approach to all aspects of our operational management. Foodstuff Store’s vision underscores a business model strategically designed to overcome significant hurdles within the Nigerian foodtech sector, offering a beacon of potential and a pathway to a more secure and efficient food system in a challenging yet remarkably promising landscape.
By Diana Tenebe is the Chief Operating Officer of Foodstuff Store
Feature/OPED
President’s Katsina State Visit Exposes Disconnect from People’s Needs

By Abba Dukawa
The recent visit by the President Bola Tinubu to Katsina State has sparked concerns about the disconnect between the government’s priorities and the people’s needs. The visit exposed the hypocritical approach to the need of their people, states and the northern Nigeria as whole. The quality of leadership in the region has been questioned, with allegations of self serving interest, ineptitude, and a lack of vision.
This is in spite of the fact that northern Nigeria as a whole faces numerous challenges that threaten its stability and development. Some of the key issues include insecurity, poverty, education, economic hardship, inequality and social and cultural challenges. The visit has been seen as an opportunity missed to engage with the state’s residents, listen to their concerns, and chart a way forward for development.
While the visit was marked by displays of pageantry and entertainment, the state’s pressing issues such as insecurity, poverty, and economic hardship, seemed to take a backseat. Critics argue that the government’s focus on superficial events rather than addressing the root causes of the state’s challenges is a clear indication of a disconnect from the people’s needs.
The introduction of Rarara’s wife to the President by the Katsina State Governor, contravening cultural and religious norms, raise questions about leaders’ priorities and values.
Current leaders in the north seem more focused on personal interests and political survival than advocating for the northern Nigeria improvement.
Regardless of the challenges in the region the Governors keep praise for the President’s economic reforms, notwithstanding the region’s struggles, is concerning. economic reforms should lift people out of poverty, create jobs, and stimulate growth. If not yielding tangible benefits, they need reevaluation.
The north needs leaders prioritizing regional development and working towards a brighter future. Leaders understanding our region’s problems and committed to tackling them head-on are crucial. It’s time for a shift in approach, prioritizing people’s needs over personal interests.
As we move forward, we must demand more from our leaders. We need leaders who will stand up for the north and work tirelessly to find solutions. Anything less is a disservice to the region and its people.
We need leaders who cultivate a culture of good governance, prioritizing accountability and transparency to address insecurity and promote development.
The north needs a visionary leaders who prioritize all citizens’ needs, regardless of tribe or religion, are crucial for unity and stability.
Leaders who accelerate economic development, create jobs, and provide essential services like education and healthcare can reduce poverty and insecurity.
We require leaders who will combat corruption and promote social justice, reducing inequality and fostering stability.
In northern Nigeria, effective security reforms are necessary, including modernizing security agencies, enhancing intelligence gathering, and addressing insecurity’s root causes to ensure public safety.
To bridge the gap between the government and the people, there is a need for leaders who understand the intricacies of the state’s problems and are committed to tackling them head-on. By prioritizing the people’s needs and working towards sustainable development, the government can build trust and foster a sense of ownership among its citizens
May God guide Nigeria towards true development and prosperity.
Dukawa, a concerned Nigerian, can be reached at abbahydukawa@gmail.com
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