Feature/OPED
Suicide Scourge and Economic Adversity
By Jerome-Mario Utomi
It was Adebola B. Ekanola, a specialist in African philosophy and philosophy of peace, who, while writing on the topic Towards an enduring social Peace in a Violence Ridden Society; From a culture of War and violence to a culture of peace and Non-Violence, stated that a good starting point for the process of peace education would be an analysis and clarification of some of the key concepts and principles like ‘peace’ ‘violence’, ‘justice’ and ‘non-violence’.
As concepts and principles relevant to social peace are analysed, consistent effort, he advised, must be made to propagate what they stand for across the different levels of the society with a view to getting people to accept them and also desire to work towards the attainment of appropriate social institutions and social conditions.
Indeed, the above proposition came flooding a few days ago, following two separate but related events.
First is the reported suicide by former Niger Delta militant, Friday Igbegbe, who allegedly took his own life on Saturday night at Ogbe-Ijoh, headquarters of Warri South-West Local Government Area of Delta State, through a yet-to-be-ascertained means, after a long battle with depression, leaving behind about 36 children and many ‘wives.
The second is a reported comment by the Deputy Director, Medical Social Services, Lagos University Teaching Hospital (LUTH) and training coordinator, Suicide Research Prevention Initiative (SUPRIN), Dr Titilayo Tade, which centred on rising and incessant suicide cases in Nigeria.
Tade in that media report stated that the suicide rate in Nigeria in 2019 was 6.9/100,000, which is higher than the 6.5 rate in 2012; but under-reported or miscoded.
Dr Tade said the reason was that suicide is still a criminal offence, with the shortage of mental health care personnel, cultural and religious beliefs about mental health and suicide stigma.
Tade disclosed this while speaking on the topic Suicide Prevention as a Pathway to Hope: The SUPRIN experience, at the maiden Vanguard Health Summit with the theme Mobilising for Systematic Change and Better Mental Health Care in Nigeria.
She added that 7.2 per cent of cases referred to psychiatrist services in LUTH were cases related to suicide.
Speaking about the number of suicide deaths, Tade said: “The number of suicide deaths reported as at 2019 is 7,019, according to World Health Organisation (WHO)— 5,110 males and 1,909 females — over five years study period at LUTH.”
Essentially, the above raises not just the imperativeness of finding the courage to provide answers to this grave problem by the government- via the development of collaborative and systematic redesigning of our nation’s economy but exposed the consequence of our past failures, which have erupted in the present uncontrolled experiment with attendant risks and indefinite outcome.
As to the cause of the appalling situation, I may not speak in concrete terms but I know that close to the entrenched distrust of the political leadership, which characterizes our sphere, is the national vexation by the people who once lived in comfort and loved to stay alive, as life was never a burden.
But today, life in their estimation has become not only a burden but the shout of the ‘good old days’ now rends the nations’ wavelength with the cost of living comparatively high and national security now a problem, our value system which used to be sound gradually been eroded and people no longer have value for hard work and honesty.
The country is currently the direct opposite of what it used to be. To further put issues where they belong, “Suicide, which is the act of intentionally causing one’s own death is committed primarily as a means for escaping pain or suffering.
“At times, it involves intentionally taking one’s life and that life of others for religious belief –is committed by any category of people-the student, professional, artisan, teenager, matured individuals, male, and females.”
Hence, it is more important to identify the symptoms than mere attempt to be safe.
Looking at commentaries, the heinous plan to commit suicide manifests through the following; depression, frequently talking about death, drastic but negative changes in mood and behaviour for example solitary behaviour, aggressiveness and irritations, unwarranted giving personal things away, and the making of personal funeral arrangements.
In concrete terms, suicide is triggered by issues such as stress, disappointment, low self-esteem, frustration, academic challenges, health challenges, stigmatization, sense of hopelessness or no hope for the future, lack of psycho-social support system, substance abuse which could be alcohol or drug, dying for a course which could be religious or family honour, bullying by friends and attention-seeking syndrome.
But among these causative factors, economic hardship occupies the driver’s position. As to what should be done, the important responsibility facing the Nigerian government should be the need to go beyond the call for the ban of Sniper, a poisonous insecticide, and other toxic substances or lethal objects that have been used for this deliberate self-harm as a mere a palliative, which only relieves temporal distress, but leaves the disease and its ravages unaffected. And tackle the challenges discussed above beginning with the nation’s economy/unemployment, which is currently in bad shape.
The federal and state governments must tackle the current economic adversity bedevilling the country; promote peace by transforming our current culture of War and violence to a culture of peace and non-violence.
Next to the government’s doubling of its effort to reduce the economic frustration in the country either through the creation of more jobs or a social scheme that will assist everyone who cannot afford to meet his or her needs with a monthly token as is done in some countries.
This present demand is to make the Nigerian entity and its integral parts, more resourceful, more acceptable, more creative, more functional and above all safer.
Other steps that will provide a solution to this present challenge from what experts are saying includes but are not limited to; learning to forgive yourself and others, Paying attention to people around you, engaging in family re-orientation such as the promotion of our cultural values, sharing of a problem with people that can help out, seeking medical help from the post-trauma programme, people should be contented with what they have and must try as much as possible to live a stress-free life.
On their part, faith-based organisations and civil society groups as change agents should develop the people’s capacity to welcome new ideas, reject unwholesome behaviours that can endanger individual lives and that of the entire society. Why all must join hands to tackle this challenge is that suicide has a direct impact on the individual and ripple effects to both the family and the nation.
As an illustration, apart from the death of the individual involved, suicide brings trauma to the family members, stigmatize the family and visits both the family and the nation with economic loss and hardship on the victims dependent and society, also feeling of guilt and embarrassment by the family member, loss of skilled manpower by the nation are but some of the negative effects.
As the commentary about suicide continues to pervade our political geography, it is important for all to again cast a glance at these frightening words from Dr Titilayo Tade.
It reads; “Nigeria lacks fully developed comprehensive and integrated national suicide prevention.“58 per cent of global suicides occurred before the age of 50 years and 88 per cent of adolescents suicides occurred in low and middle-income countries.
“77 per cent of suicides occurred in low and middle-income countries in 2019 and men account for nearly three times the number of suicides than women.”
On global suicide prevention, she said: “Globally, only 38 countries are known to have fully developed national suicide prevention plan.”
As to the solution, “early identification, assessment management and follow-up of suicide behaviours and interacting with the media for responsible reporting of suicide, will also help in the reduction of suicide rates.”
Jerome-Mario Utomi, Programme Coordinator (Media and Public Policy), Social and Economic Justice Advocacy (SEJA), wrote from Lagos. He could be reached via [email protected] or 08032725374.
Feature/OPED
The Future of Payments: Key Trends to Watch in 2025
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
Feature/OPED
Ghana’s Democratic Triumph: A Call to Action for Nigeria’s 2027 Elections
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.
Feature/OPED
The Need to Promote Equality, Equity and Fairness in Nigeria’s Proposed Tax Reforms
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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