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The Parable Of The Husband’s Cane

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By Reuben Abati

One other outcome of our democratic experience since 1999 is how demanding and insatiable the Nigerian voter has become, and because political office holders and the professional political class are yet to fully decipher and understand the implications of this, they continue to make similar mistakes and draw the same responses from the same public that voted them into power.

I have no better illustration of this than the manner in which the critics of the incumbent administration at the centre are beginning to sound exactly the same way they sounded about two years ago under the Jonathan administration.

Check the social media, some newspapers, and listen to the conversation on the streets. The personnel in power have changed, there is a new party in charge at the top, but public conversation has gone back to its old ways. Questions are being asked about the meaning of change and the dividends it has brought to the people.

Some commentators are openly apologizing for voting President Goodluck Jonathan and the Peoples Democratic Party out of power. Some fierce supporters of change and the All Progressives Congress are openly voicing their regrets.

And as was the case under President Jonathan, there are hilarious skits online, mixing song, drama and dance, making fun of the new dispensation and its architects. More than one pro-change and anti-PDP newspapers have had cause to do scathing editorials, including the very newspaper that was the anchor-point for change in 2015.

Many of the affirmations are relatively the same: the President is a good man but he is surrounded by incompetent people who have their own agenda, so they say, or that the Ministers are not doing their job and right now, there is a loud protest against the ability of one Minister to manage something as simple as taking a sports delegation to the Olympics. The number of people calling for the man’s job is growing. Oftentimes, it is also said that communication is the problem.

I used to hear that a lot. And it was always as follows: The President’s team is not communicating his policies properly and in one year, while a lot has been achieved, nobody is show-casing those achievements (!), as if communication is a bullet. But these are the same stories that we used to hear. All kinds of experts are all over the airwaves voicing opinions about how best to run Nigeria, and promises that have not been fulfilled and an economy that is causing raw pain. Not even the President’s wife has been spared: her wrist-watch, her handbag, and even her grammar (!) – this formed the substance of a pedantic attack by a self-confessed Buharideen. It really looks as if there is now a formula for criticizing the Nigerian government.

Every excuse that is given by government is met with the riposte that the government is burning its goodwill with the people, or that someone should just help and change the narrative. Jonathan-bashing is fast becoming unfashionable, the critical mass including those who marched for change are asking for new tunes. And I am far from gloating. But certainly, this love-them-today-despise-them-tomorrow did not start with the Buhari government. I am actually trying to make what I hope will be considered an essential point about the burden that Nigerian politicians have to bear. In a number of public interviews and interactions recently, I have argued that it is not easy to rule Nigeria or any part of it.

When President Olusegun Obasanjo assumed office in 1999, he was the messiah who helped to stabilize the country after many years of abuse by military dictators, and in terms of policies, persona, focus and drive, he rescued the country. But the moment he picked up fights with his Vice President, and later got embroiled in the politics of third term self-succession, his support base began to grow apart, and he became the target of vitriolic criticism from even his most ardent supporters and benefactors.

We dismissed President Umaru Yar’Adua who succeeded him very quickly as “Baba Go Slow” even if his failings were excused on the grounds of ill-health and the shenanigans of an Aso Rock cabal. President Goodluck Jonathan’s ascendancy in 2010 was driven by the activism of the civil society and both genuine and bathroom constitutional experts who insisted that the Constitutional rule on succession in the event of the death of the incumbent must be respected. Thus, he became Acting President and he later won an election, on his own steam in 2011, to become President of Nigeria. For many Nigerians, his coming to power helped to make one point: that Aso Villa is not the birth right of any ethnic group, that the rule of law is superior to the rule of men, and that the final decision about who rules this country at any particular period rests with the people. It didn’t take long before the same people began to attack the Jonathan Presidency, goaded on by a vicious opposition at first, until the people themselves took ownership of the rebellion against their own revolution.

In 2015, they supported President Muhammadu Buhari, whom they had voted against in three previous elections. Somehow, there has been a touch of melodrama to the Nigerian Presidency since 1999, and it was on that score that President Buhari became the stone that was once rejected emerging as the cornerstone of the building. In the North, his political base, and the South West, which embraced him, he became the messiah that Nigeria needed. Only the South East and the South South looked away. But today, ironically, both the North and the West have become the home of President Buhari’s most loquacious critics. Were many not held back by self-censorship and fear of reprisal, by now, the sound of condemnation would be deafening. I have described the scenario long enough, what are the specific takeaways?

One, the same point I mentioned earlier, that indeed, it is not easy to rule Nigeria. It does not matter how well-meaning and principled you may be, there would be people who would put you under enormous pressure and in trying to please one group and not the other, you would end up creating a basis for criticism and attacks. These pressures come from ethnic groups, family members, old school mates, close friends, party members, political godfathers, old benefactors, the wife’s family, or wives, in-laws, the business community, international agents, investors, existing and prospective: they all want your ears, they want access and they will mount the pressure in every way possible. Pleasing every constituency is not possible.

No matter how hard you try to balance the pressures, you’d still be left with people and constituencies perpetually banging on the door, and they just don’t do that, they run down others who are competing for your time and attention, and before long, as President of Nigeria, you could be held hostage by one or two groups, and when that happens, you displease others who in due course, become critics. Everybody is with you because of what they can get: they are investors not supporters, not even family members. The loneliest job in the world is to be President of a developing and dispossessed country like Nigeria. It presents a great opportunity to make a difference and make history, but it also comes with too many IOUs that may never be satisfactorily repaid.

Two, be careful how you demonize the opposition. If you are in power seeking to retain it, be careful how you wield the axe against the power-seekers at the gate. If they seize that axe from you, they could behead you without mercy. Your pleas when you are at their mercy later, could fall on deaf ears. And if you are seeking power and you get it, with the people hailing you, beware, the same people could turn against you tomorrow. Their loyalty is not guaranteed for too long, at most it comes with a one-year warranty! And never ever forget this folk wisdom: the husband’s cane that was used to beat the senior wife is right there on the rafters, to be recalled for the junior wife. No domestic violence intended (far from it) but if it sounds like a metaphor, well, you figure it out.

Three, don’t you ever over-promise. There is a tendency for power-seekers in Nigeria to promise heaven and earth. They design fanciful phrases, programmes, agenda, blueprints and road maps in which they assure the people, together with timelines, how they will turn Somalia into paradise within 100 days and if not, six months, but at most, one year. These are usually from persons who have no idea how Nigeria works. They know nothing either about the complexities of governance and power politics. They make the fanciful promises, anchored on an even more fanciful phrase, and as soon as the election is won, they return to their consulting firms with their bags of profit, in search of the next client and victim. It is amazing how in Nigeria, most of the leading experts on government and governance are persons who have never spent a day in a government department and have never managed anything complex in their lives.

They arrive in a dollar-driven parachute in the middle of the campaign and they invent slogan after slogan, and strategies that leave potential disaster behind. Let’s say their candidate wins, but as soon as he gets into office, he has to deal with the many lies that have been told in his name, and he finds himself at the crossroads. If he says all promises cancelled, let’s be realistic, he is accused of deceit. If he says anything else, he is reminded that in the United States, where the heart of many Nigerians is, including the intelligentsia, he is told that promises have to be kept. The same people have forgotten that in the United States, politicians talk more about people-focussed policies, and not about such elementary details as the provision of boreholes, food, electricity, and roads. In a developing country, you better watch what you promise.

Four: don’t rely on your political party. The same political party that brought you to power can disappoint you. Incidentally, we are not running a parliamentary system of government. Your own party members have Macbeth-like ambitions and that makes them disloyal. They don’t quite want you to succeed except if that will make them look like potential successors. Your constituency is the Nigerian people. Difficult as they are to please, and habitually angry as many of them are, it always pays in the long run to listen to them. And when you don’t feel like listening, provide leadership that inspires trust, and you won’t fail.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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The Future of Payments: Key Trends to Watch in 2025

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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

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Ghana’s Democratic Triumph: A Call to Action for Nigeria’s 2027 Elections

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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.

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The Need to Promote Equality, Equity and Fairness in Nigeria’s Proposed Tax Reforms

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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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