President of the United States of America, Joe Biden has warned that Republican candidate and former President, Donald Trump is “a genuine danger to American security.” President Joe Biden, in his first TV interview since dropping out of the White House race, said: “Mark my words, if he wins… this election, watch what happens.” President Biden told CBS News in a pre-taped interview broadcast today, August 11: “He (Trump) is a genuine danger to American security. Look, we’re at an inflection point in world history and democracy is the key.” Biden, 81, has kept a low profile since withdrawing after his flailing debate performance against Trump underlined fears about his age and mental abilities. In the short TV interview, recorded in the White House last week, he appeared frail but cogent, again admitting that he failed in the debate but stressing that health-wise he has “no serious problem.” He explained his exit, saying that other Democratic Party politicians standing for re-election feared he would damage their chances. He said that his only priority was to stop Trump from returning to power. “A number of my Democratic colleagues in the House and Senate thought that I was going to hurt them in the (election) races. “A critical issue for me still is — not a joke — maintaining this democracy. “I have an obligation to the country to do what is the most important thing we can do, and that is, we must, we must, we must defeat Trump.” President Biden said that he is proud of his record on jobs, investment and Covid recovery, and vowed to campaign hard for Vice President Kamala Harris, who has replaced him on the ballot. “I’m going to do whatever Kamala thinks I can do to help most.” Biden’s age had come to dominate the 2024 campaign, and the Democrats’ hopes of winning have soared since his exit, as Harris has enjoyed a surge in support that has left Trump struggling. The outgoing President said that he had expected to serve only one term when he won in 2020, but that he had been persuaded to stay on. “I thought of myself as being a transition President. I can’t even say how old I am. It’s hard for me to get it out of my mouth, but things got moving so quickly, it didn’t happen,” he told CBS’s Robert Costa. Trump’s light campaign schedule has come under scrutiny, and it was his running mate, J.D. Vance, who blitzed today’s morning political talk shows. Appearing on CNN, ABC and CBS, Vance fielded questions about white supremacist attacks on his family, child care, asylum seekers and abortion. In one testy exchange with CBS’s Margaret Brennan, Vance complained that she had asked “six questions about abortion.” “I’m still trying to get a clear answer,” Brennan retorted. He also claimed that Harris was the one “calling the shots” in the Biden administration. “If she’s not calling the shots, Dana, who is?” he told CNN’s Dana Bash.
The terrifying videos were not from Hollywood movies but scenes from Northern Nigeria during the #EndBadGovernance protest. The so-called protesters invaded a Government House, vandalised public facilities, looted an ICT training centre, carted away a Police station signpost, invaded banks, destroyed a mosque, hijacked a Personnel Armour Carrier, flew foreign flags, sought foreign intervention, and chanted “Yara Me Kuke so; Wiwi Mukeso!” in Hausa. The latter means, “Children, what do you want? Cannabis (marijuana) is what we want!” The ‘protest’ in the North is akin to a coup targeted at Arewa leaders. As a Northerner, I feel ashamed to be represented by these scenes displayed by our children and youths. However, this is not the first time such incidents have occurred in the region. The only difference this last time was that there were no reported mass killings, unlike similar past incidents. In my article, “Killing in the Name of the Devil”, written after a similar act of riotous protest in Maiduguri, Borno State, in 2006, I pointed out that the marauders’ acts of violence were not in the name of the Almighty God or any just cause, but they were enacted in the name of the devil, and as possibly influenced by undesirable godfathers, selfish elites, drug addiction, illiteracy, and endemic poverty. Today, Borno State is regarded as the epicentre of terrorism in Nigeria. Rather than protesting injustice and the lackadaisical attitudes of their leaders, the people in the North often condone the excesses of their elites. When the massacre of the Shi’ites, including pregnant women and kids, by soldiers, occurred in Kaduna in December 2015, many young miscreants sought recourse in looting the corpses on the streets and the assets of the victims. Yet, the Arewa elite and the youths kept silent, without any protest, because the then Nigerian President and principal security chiefs were Northerners. Kaduna today hosts the dens of kidnapping kingpins and is the location of recurrent ethnic flares of violence. The people never protested against terrorism in the North-East, banditry in the North-West, or the farmer-herder conflicts in the North-Central. They never protested over the endemic corruption of the political leaders, especially governors, who receive billions of naira from the Federation Account and utilise a chunk of these to address the relentless insecurity in the region through the so-called security votes. I often wonder about the correlation between security challenges and security votes as they grow together like the Siamese twins. Insecurity has become a booming business in Arewa for the perpetrators and the humanitarian groups and actors, with international bodies and Non-Governmental Organisations competing for space to exhibit their concerns as they concentrate substantial financial resources on programmes in those areas. Yet, the activities of undesirable elements, including riotous protesters, have deterred local entrepreneurs from investing in the region for fear of disruption and the destruction of their businesses. Even the wealthiest Northerners would instead invest elsewhere than in the region. Consequently, there is a widening gap between the Northern and Southern states regarding development. For instance, in the last Annual State Viability Index (ASVI) produced by Economic Confidential, Lagos generated more revenue than all the 16 Northern states combined in 2022, with its internally generated revenue (IGR) of N651 billion constituting 176 per cent of its receipt from the Federation Account of N370 billion. Even a neighbouring state, Ogun, generated an IGR of N120 billion, 106 per cent of its federal allocation of N113 billion. Most states in the North, especially where the so-called hunger protesters were calling for a coup and foreign interventions in domestic affairs, hardly generate 20% of what they collect from the Federal Government as internally generated revenue. For instance, Kano, which received N226bn from the Federation Account in 2022, generated N42.5bn internally, translating to 18.7 per cent of the Manna from Abuja. Similarly, Katsina, the home state of the immediate past President Muhammadu Buhari, only made an IGR of N13bn after it collected N165bn from the Federation Account, which translates to less than 8 per cent of the free money from the central government. As a panellist at the Wole Soyinka Centre for Investigative Journalism (WSCIJ) discussion on matters of Local Voices, I underscored the pivotal role of the media and citizens in upholding accountability among state governors and local government authorities concerning the substantial resources they receive monthly from the central government. With references to Northern states, I disclosed how billions of naira are allocated to each state while their local governments (LGs) also receive hundreds of millions of naira in monthly disbursements from Abuja. I cited the Federation Account Allocation Committee (FAAC) distributions in June 2024 as example: Borno State received N10.8 billion, while its 27 LGs shared an additional N8.7 billion; Kaduna State collected N12 billion, while its 23 LGs received N9 billion; Kano State was given N15.4 billion, whilst its 44 LGs received N15.3 billion; and Katsina State got N11.4 billion, whereas its 34 LGs shared N11 billion among themselves. Each state’s local government received over N300 million monthly, some exceeding N400 million. Given these substantial monthly allocations, the protesters and rioters must be aware of the humongous releases to their respective states. With the statutory financial interventions, it is pathetic that the Arewa region still accounts for high poverty rates (over 70% of the population living below the poverty line), High unemployment and underemployment among youth, Low Human Development Index (HDI), Low literacy and education levels, especially among girls and high food insecurity, particularly in conflict-affected areas. Despite being richly endowed with natural resources, the region fails to capitalise on its various potentials. With vast agricultural land and livestock, the North can provide food security for the nation. Its hydroelectric power and solar energy potentials can drive industrialisation. Its forests and mineral resources offer significant tourism opportunities to attract foreign investment. However, some communities remain ungoverned and vulnerable to non-state actors because our leadership prioritizes political patronage over empowering the youth with modern skills. We must acknowledge some notable peaceful protesters, like a young lady whose heart-wrenching testimony in a video at the hunger protest moved me deeply. Severely hungry, sick, and unable to afford food or medication, she spoke out for many suffering in silence while appealing to President Bola Ahmed Tinubu to hear their voices and act. Despite efforts by NSA Nuhu Ribadu, CDS Gen. Chris Musa, Information Minister Idris Malagi, and others to contain the recent hunger protest, there are concerns that future agitations may be spontaneous and unpredictable, catching authorities off guard. Northern leaders must, therefore, be advised to address insecurity, harness regional resources for economic growth and reduce overdependence on oil revenue. Rampant oil thefts and volatility in other mineral-producing regions highlight the need for proactive measures to ensure stability. What would happen if the Federation Account allocations to states were stopped or a conflict broke out that prevented the extraction and production of oil in the country? Yushau Shuaib is the author of “Award-Winning Crisis Communication Strategies.” www.YAShuaib.com yashuaib@yashuaib.com
The Nigerian Senate has described a comment attributed to the former Nigeria’s President, Olusegum Obasanjo, suggesting that its members fixed their salaries and allowances as “satanic.” The Senate insisted that it is not involved in determining its own salaries or receiving special fiscal packages from the Presidency. In a statement by Senate spokesman, Yemi Adaramodu, who represents Ekiti South, the Senate said that Obasajo’s comment is an attempt to “crucify the legislature by the centurions of political hypocrisy.” Senator Adaramodu stressed that no Senator has received any financial patronage from the Presidency, saying that the constituency projects often linked to the legislature are merely suggested and nominated by Senators, as is the practice in other democracies worldwide. The Senate stressed that it only receives the salary allocated to it by the Revenue Mobilisation Fiscal Allocation Commission, in accordance with constitutional provisions. The Senate challenged anyone with credible evidence to present contrary facts, describing any suggestion that the National Assembly fixes its own salaries as “uncharitable and satanic.” The Senate explained: “the Executive arm of government, through its various Ministries and agencies, is responsible for awarding contracts for the constituency projects. The funds allocated for these projects vary depending on the number of constituencies in each state and the intention is to ensure that every region of Nigeria benefits from federal resources.” Senator Adaramodu assured the public that the 10th Assembly remains a “responsible and responsive chamber.” The Senate expressed its commitment to upholding the economy and growth of Nigeria, insisting that it only receives what is constitutionally allocated to it and would never seek additional perks from other branches of government. Obasajo had described as “immoral” for members of the National Assembly to fix their own salaries and all kinds of allowances in a country where citizens are constantly being asked to sacrifice. Obasajo spoke when members of the House of Representatives visited him in his Otta country home.
Reports reaching us at Greenbarge Reporters online newspaper has shown the crash of the price of a basket of tomatoes from N150,000 to not more than N60,000 now, especially in Lagos and Abuja. A market survey in Ketu and Berger markets in Lagos confirmed that a big basket of tomatoes is currently selling between N55,000 and N60,000, down from an average of N150,000 a few months ago. The survey shows that a crate of tomatoes that previously cost N55,000 is now being sold for N30,000. Also a large basket of habanero pepper (rodo) is now selling for an average of N25,000, compared to N55,000 at the peak of the price surge. Reports said that the crash in the prices is as a result of the fact that we are in the season, with Hausa tomatoes and peppers coming out. A trader in Ketu market said that a small basket of tomatoes now costs between N20,000 and N25,000, lower than the previous price range of N30,000 to N34,000. She said that a small sack of pepper is currently selling for about N15,000 to N20,000. This previously cost N50,000. Traders at Berger market told the reporter that a big basket of tomatoes has dropped from between N150,000 and N200,000 to about N50,000-N60,000; adding that a crate of the commodity has decreased from N35,000 to N15,000. In the same market, the largest sack of habanero pepper now sells for N19,500, down from between N200,000 and N230,000. Traders said that the price of a medium sack fell from N130,000 to N17,500. A trader said a big bowl (called rubber) of cayenne pepper (bawa) now costs between N8,000 and N9,000, significantly lower than the previous price of N28,000. “It is because of the season and then, petrol. There is petrol to transport tomatoes,” the trader said, regarding the drivers of the price reductions. A trader, identified as Muhammed in Dutse market, Abuja, said that a basket of tomatoes now sells for N8,000, a reduction from the previous price of N13,000/N15,000. He said that consumers can now buy red bell pepper (tatashe) for N7,500 against the previous price of N12,000; stating that the price of habanero pepper has decreased to N9,000 from between N13,000 and N15,000. Muhammed said that cayenne pepper is now for N8,000, compared to the earlier price of N12,000 in Dutse market. Like traders in Lagos, Muhammed attributed the price drop to the seasonal availability of the items. “Sometimes the price goes up and sometimes it comes down. We sell based on how we buy. “If you come tomorrow, the price might go up or down. It changes unexpectedly.” Musa, another trader, said that there is now enough supply in the market unlike before when there was a scarcity. Source: TheCable.
The 10-day nationwide #EndBadGovernance protests that end today, known by the reduplicative compound “Zanga-Zanga” in Hausaphone northern Nigeria, have ruptured the coalition that President Bola Ahmed Tinubu managed to build with a portion of the northern Nigerian Muslim political establishment since 2014, which put Muhammadu Buhari in power in 2015 and 2019 and him in 2023. But this Zanga-Zanga-inspired rupture also reveals the initial precarity and fragility of the strange-bedfellows coalition. Buhari and Tinubu were previously fierce political adversaries who distrusted each other’s motives and undermined each other. Their alliance was more accurately a political scaffold that papered over their contradictions for a temporary gain, which was the ouster of Goodluck Jonathan from power. Tinubu’s associates and acolytes in the Southwest, who said they protected Buhari from revolt in their region even when he bungled governance with uncommon ineptitude, are understandably miffed at the rawness, fierce intensity, and undiluted anti-Tinubu fervor of the protests in northern Nigeria. They are wondering why Buhari, his associates, and even the APC establishment in the North didn’t return the favor. The answers are obvious, but people in power are often blind to the obvious, especially if the obvious is disquieting. First, Buhari and his supporters know that the Tinubu group, which had a tight leash on the Southwest political space, didn’t protect Buhari from the consequences of his infernal incompetence out of any high-minded considerations. They did so because they needed power after Buhari’s term in office. It was unvarnished calculative opportunism. Since Buhari’s people have no expectation of any kind of requital from Tinubu, like Tinubu did from them, they felt no obligation to protect or explain away Tinubu’s own hard-hearted incompetence. The chase often stops after a conquest. Men who woo women can relate to this sentiment. Second, the misery that Tinubu’s simultaneous policies of never-before-seen astronomical petrol price increase and devaluation of the naira unleashed on the country are felt more deeply in the North than in any part of the country because of the preexisting multidimensional poverty in the region and the pervading insecurity that makes farming almost impossible. Money is now both hard to find and worthless when it is found, and food is both hard to find and unaffordable when it is found. That is an unprecedentedly profound, not to mention unsurvivable, existential torment. Two days after the #EndBadGovernance protests started, I told someone that many people in the North have been rendered so desolate, so destitute, and so despondent by the economic crunch that they are looking to cash in on the protests to commit suicide by police bullets because Islam forbids suicide. Islam teaches that committing suicide guarantees an unfettered passage to the hottest depths of hellfire in the hereafter. I said many people who couldn’t survive the pain and humiliation of perpetual hunger might tempt security forces to shoot them so they could end it all and not fear that they would provoke the wrath of their Creator for committing suicide. Of course, this is twisted thinking because a famous hadith, which every Muslim who took Islamic Studies in secondary school knows, says “Actions shall be judged according to intention.” Well, my predictions turned out to be accurate. A friend shared a video of scores of protesters in a northern city chanting, “da yunwa ta kashe mu, da ma bullet ya kashe mu” (rough translation: “Instead of dying of hunger, we would rather be killed by a bullet”) as they confronted gun-wielding military and police officers. There is also the viral video of protesters bursting into the Zamfara State Government House in Gusau and defying, even daring, menacing, gun-toting soldiers who tried to stop them. Several such scenes have been replicated throughout the North. The mistake the government is making is to dismiss the protests as entirely politically motivated. They are not. Even if they wanted, Buhari and his associates couldn’t stop the protests both because the shelf life of Buhari’s “magic” has expired (his own house was besieged in Daura, and he had been pelted with stones while he was in power in cities like Kano and Maiduguri where he had been idolized) and because the extent of anguish people are going through now is unappeasable. Apart from the usual criminals of opportunity (who exploit every unrest to steal and destroy), the vast majority of protesters think their only hope of living is to risk death and push back at policies that kill them slowly but surely. You can’t persuade people who have nothing to lose by dying. That was why American author Dan Groat pointed out in his 2014 book titled In Monarchs and Mendicants, “Not interested in scarin’ anybody, but people with good sense are afraid of a man with nothin’ to lose.” Lance Conrad echoed this in his book The Price of Nobility when he said, “Only a fool would underestimate a man with nothing to lose.” People who weren’t exempt from the rage of protesters can’t stop protesters from protesting. The self-inflicted attenuation of Tinubu’s political capital in the North plays into the old debate in the Southwest about the best coalitional strategy to attain and retain power for the Yoruba. The Chief Obafemi Awolowo strategy, which Afenifere still believes in, sees the Muslim North as a competitor and not an ally. The Awo strategy for getting power is to build an alliance between the entire South and Northern Christians. But the Chief Ladoke Akintola template sees the Muslim North as a strategic partner in light of the deep historical and cultural ties that bind Yoruba people and several linguistic, ethnic, and cultural groups in the Muslim North, such as Borgu, Nupe, Igala, and Hausa people. (Read my October 9, 2021, column titled “Arewa and Oduduwa More Alike than Unlike.”) This is hardly surprising because even though Akintola was a Christian, he was from Ogbomoso whose traditional ruler traces ancestral roots to Borgu. Chief MKO Abiola—and now President Tinubu—subscribe to the Akintola template. Abiola was briefly vindicated when he won the June 12, 1993, presidential election with enormous support from the North, including Kano, his opponent’s home state. But the revocation of his epochal electoral triumph by a Northern military head of state—and the decidedly ethnic and regional character the fight for and the opposition to his mandate later took—appeared to justify the distrust of the Muslim North by the Awo group, which nonetheless gave full-throated support to Abiola to reclaim his mandate. Tinubu, undeterred by Abiola’s experience, reinvented the Akintola template. It’s as if he wanted to prove that he could tread the same path and get to the destination that Abiola couldn’t get to. That must be why he called his presidential bid “Renewed Hope.” Abiola’s was “Hope.” Like Abiola, he chose a Muslim running mate. And, like Abiola, his running mate is a Kanuri man from Borno. With the Muslim North now souring on him only one year into his first term and the unlikelihood of his ever recovering whatever goodwill he had from the region if he continues with his economic policies that push people to the brink of the existential precipice, the Awo/Afenifere group may be having the last laugh. So, what should he do? The best option is to discard the IMF/World Bank neoliberal policies he’s enamored with (which have never worked anywhere in the world) and embrace Awolowo’s welfarist capitalist template of governance that puts the development and wellbeing of people at the center of policies. That may restore his goodwill with the North—and even earn him more support elsewhere. The other options are non-starters, but I’ll mention them anyway. Like Chief Olusegun Obasanjo who won his first term with the support of the Muslim North, but who later used the Awo/Afenifere template to get a second term, Tinubu can court the Christian North and galvanize the South. Goodluck Jonathan used this template in 2011 and won. The problem is that if Peter Obi runs in 2027, and I don’t see any reason why he won’t, Tinubu won’t be able to galvanize the South into a unified voting bloc. And, although the worst fears of his Muslim-Muslim ticket among Christians haven’t materialized, northern Christians are unlikely to embrace him wholeheartedly, however hard he tries to woo them. In other words, Tinubu is cooked, as Gen Zs say. Anything short of bringing down the cost of petrol, restoring the value of the naira, and making everyday things affordable will doom Tinubu’s first term and deny him a second term because he is now effectively a political orphan.
“As I have warned earlier, we should recognise that we are all sitting on a keg of gunpowder if we fail to begin doing the right thing. For instance, the demands of the youth are very legitimate and should be listened to. “Why should they be denied what rightfully belongs to them? “They are frustrated, hungry, angry, and unemployed. They deserve to be given a listening ear.” These were the words of the former President of Nigeria, Chief Olusegun Obasanjo. The ex-president emphasized the urgent need for the government to heed to the demands of the youths, many of who are frustrated, even as they remained unemployed. He the consequences of neglecting the demands of the youths who are protesting for good governance. The former President, who spoke when he received six members of the House of Representatives that visited him at his Olusegun Obasanjo Presidential Library in Abeokuta, said that the country is witnessing a setback as successive governments failed to build on the foundation his administration laid. He called for a change of attitude of the people in government. “The real issue is ourselves. Yes, the system needs rethinking, but the character of people in government must change. With all due respect, many in government should currently be behind bars or on the gallows.”
Nigerian business mogul and philanthropist, Chief Tony Elumelu has challenged the government and security agents to expose those who have been consistently stealing the country’s crude oil, using vessels that move through the territorial waters, “because the government and security agents know them.” In an interview published by the Financial Times on Friday, Elumelu said the menace has contributed greatly to the divestment of international oil companies in Nigeria. “This is oil theft, we are not talking about stealing a bottle of Coke you can put in your pocket. The government should know, they should tell us. Look at America — Donald Trump was shot at and quickly they knew the background of who shot him. Our security agencies should tell us who is stealing our oil. “You bring vessels to our territorial waters and we don’t know?” Chief Elumelu, who is founder of Heirs Holdings, said that he discovered first-hand why international oil companies are partly divesting from onshore assets after criminal gangs began stealing crude from his pipelines. Elumelu had taken to social media in 2022, tweeting: “How can we be losing over 95 per cent of oil production to thieves? “Look at the Bonny Terminal which should be receiving over 200,000 barrels of crude oil daily, instead, it receives less than 3,000 barrels, leading the operator Shell to declare force majeure. “The reason Nigeria is unable to meet its OPEC production quota is not because of low investment but because of theft, pure and simple! “Meanwhile, oil-producing countries are smiling as their foreign reserve is rising. What is Nigeria’s problem? We need to hold our leaders more accountable!” Elumelu said that as at today, oil thieves still take away 18 per cent of crude from his field. “42,000 barrels of crude pumped out daily. Theft still takes away about 18 per cent of production.” The business man, who chairs the Board of the United Bank for Africa, said that the government of President Muhammadu Buhari stopped him from acquiring an oilfield. According to him, Heirs Holdings had been looking to purchase the oilfield since 2017, having raised $2.5 billion to purchase a different one. He said that in a twist, former president Buhari and his late Chief of Staff, Abba Kyari, blocked the deal. He said that he was told Nigeria could not allow something of such strategic importance to fall into the hands of a private operator. “This defied logic,” because he was to been purchasing it from a foreign company. Elumelu said that his decision to buy a 45 per cent stake in an oilfield three years ago when international oil companies such as Shell, Total and Eni were selling off their shallow water assets in Nigeria was to give the country energy security in the face of low power supply. “We wanted to become a Fortune 500 company and we estimated what we needed. It’s not naira, it’s huge dollars. Energy security is crucial for a country that doesn’t produce enough electricity for its roughly 200 million citizens.” On Nigerians going outside the country for greener pastures, known as japa, Elumelu said: “I support it, totally. “I don’t have a problem with people saying ‘I’m going to Canada, UK or US.’ “Joblessness is the betrayal of a generation. You’ve gone to school and come back with your dreams and aspirations and you don’t have the opportunity.”
The Minister of Sports Development, Senator John Enoh, has described Team Nigeria’s performance in the ongoing 2024 Olympics in Paris as “disappointing.” The minister, in a statement on X.com today, August 10, said that Team Nigeria’s failure to secure any medal at all “is a product of very many other things that need immediate attention.” He said that not only would he ensure that such does not repeat itself, but that in the forthcoming sports federation elections, he would ensure that the most appropriate candidates are voted in. “Yesterday, I met with gentlemen of the press at the Nigerian Embassy in Paris for a press briefing following the country’s participation in the 2024 Olympics. As we go back home, we must do everything to prevent future occurrences of the Paris disaster and if this will entail the review of how people are elected to lead our sporting federations, it will be done. “The elections for the federations are around the corner, and it will be the perfect platform to get only those who are most eligible to lead the various sports federations. “Team Nigeria’s disappointing performance at the 2024 Paris Olympics, where the country did not secure any medals does not entail being addressed just by our participation at the Olympics, but it is a product of very many other things that need immediate attention.” He said that contrary to speculations, the ministry made adequate provisions, financially and otherwise, to prepare the athletes for the Olympics. “We did everything as a ministry to prepare the athletes adequately and provide them with every financial support, but unfortunately, the performance did not produce any podium finish. He vowed to ensure that aspirants for the forthcoming sports federation elections are thoroughly scrutinised. “I am aware that the sports federations elections in Nigeria are even tougher than our national elections. We must set our standards to scrutinise what motivates those vying to run the federations and get only the best hands. “This call for reform aims to enhance the leadership and effectiveness of Nigeria’s sports federations, paving the way for improved performance on the global stage.”
Israeli authorities have imposed a six-month ban on Sheikh Ekrema Sabri, the Imam of Al-Aqsa Mosque, preventing him from entering the holy site in Jerusalem.
This decision follows Sheikh Sabri’s arrest after he delivered a sermon mourning the death of Hamas chief Ismail Haniyeh.
Despite his release, the ban was confirmed by his lawyer and has been condemned by the Council of Islamic Endowments and Holy Sites in Jerusalem.
The council decried the ban as an infringement on Muslim rights to the mosque, reaffirming its exclusive Islamic status and condemning Israeli attempts to alter its sanctity.
The Central Bank of Nigeria (CBN) has offered $876 million to fulfil bids submitted by customers at an auction concluded yesterday, August 7, 2024. This was even as the apex Bank introduced an additional mechanism through the Retail Dutch Auction System (RDAS) to directly facilitate FX sales to end users. In a statement today, August 8, CBN said that this part of the ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary. It said that the move is also aimed at fostering a more transparent market, reducing information asymmetry and supporting price discovery. “It complements the two-way quote system deployed over the past few months to enhance liquidity in the interbank market, through which over $305 million of foreign exchange has been sold to authorised dealers in the last three weeks.” The said that its policy objectives are yielding tangible results and bolstering market confidence, saying that net foreign exchange flows rose to $25.4 billion between January and June, marking a 55 percent year-over-year increase. ‘This growth has been driven by a rise in capital importation, which reached $6 billion in June 2024, and record inflows from diaspora remittances through formal channels. “The foreign exchange market is also showing signs of improvement and increased depth, with more robust and diversified sources of liquidity contributing to the sustained convergence of exchange rates across all segments of the market. “The official market recorded a turnover of $43 billion in customer transactions by the end of July 2024, with CBN-supplied liquidity representing less than 5% of total market activities. “The CBN remains steadfast in its commitment to fostering a transparent, market-driven foreign exchange market, and it will continue to strengthen the market’s capacity to meet the needs of all legitimate participants.”
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That Civilian Coup In The North, And Federation Account, By Yushau Shuaib
The terrifying videos were not from Hollywood movies but scenes from Northern Nigeria during the #EndBadGovernance protest. The so-called protesters invaded a Government House, vandalised public facilities, looted an ICT training centre, carted away a Police station signpost, invaded banks, destroyed a mosque, hijacked a Personnel Armour Carrier, flew foreign flags, sought foreign intervention, and chanted “Yara Me Kuke so; Wiwi Mukeso!” in Hausa. The latter means, “Children, what do you want? Cannabis (marijuana) is what we want!”
The ‘protest’ in the North is akin to a coup targeted at Arewa leaders. As a Northerner, I feel ashamed to be represented by these scenes displayed by our children and youths. However, this is not the first time such incidents have occurred in the region. The only difference this last time was that there were no reported mass killings, unlike similar past incidents.
In my article, “Killing in the Name of the Devil”, written after a similar act of riotous protest in Maiduguri, Borno State, in 2006, I pointed out that the marauders’ acts of violence were not in the name of the Almighty God or any just cause, but they were enacted in the name of the devil, and as possibly influenced by undesirable godfathers, selfish elites, drug addiction, illiteracy, and endemic poverty. Today, Borno State is regarded as the epicentre of terrorism in Nigeria.
Rather than protesting injustice and the lackadaisical attitudes of their leaders, the people in the North often condone the excesses of their elites. When the massacre of the Shi’ites, including pregnant women and kids, by soldiers, occurred in Kaduna in December 2015, many young miscreants sought recourse in looting the corpses on the streets and the assets of the victims. Yet, the Arewa elite and the youths kept silent, without any protest, because the then Nigerian President and principal security chiefs were Northerners. Kaduna today hosts the dens of kidnapping kingpins and is the location of recurrent ethnic flares of violence.
The people never protested against terrorism in the North-East, banditry in the North-West, or the farmer-herder conflicts in the North-Central. They never protested over the endemic corruption of the political leaders, especially governors, who receive billions of naira from the Federation Account and utilise a chunk of these to address the relentless insecurity in the region through the so-called security votes.
I often wonder about the correlation between security challenges and security votes as they grow together like the Siamese twins. Insecurity has become a booming business in Arewa for the perpetrators and the humanitarian groups and actors, with international bodies and Non-Governmental Organisations competing for space to exhibit their concerns as they concentrate substantial financial resources on programmes in those areas.
Yet, the activities of undesirable elements, including riotous protesters, have deterred local entrepreneurs from investing in the region for fear of disruption and the destruction of their businesses. Even the wealthiest Northerners would instead invest elsewhere than in the region.
Consequently, there is a widening gap between the Northern and Southern states regarding development. For instance, in the last Annual State Viability Index (ASVI) produced by Economic Confidential, Lagos generated more revenue than all the 16 Northern states combined in 2022, with its internally generated revenue (IGR) of N651 billion constituting 176 per cent of its receipt from the Federation Account of N370 billion. Even a neighbouring state, Ogun, generated an IGR of N120 billion, 106 per cent of its federal allocation of N113 billion.
Most states in the North, especially where the so-called hunger protesters were calling for a coup and foreign interventions in domestic affairs, hardly generate 20% of what they collect from the Federal Government as internally generated revenue. For instance, Kano, which received N226bn from the Federation Account in 2022, generated N42.5bn internally, translating to 18.7 per cent of the Manna from Abuja. Similarly, Katsina, the home state of the immediate past President Muhammadu Buhari, only made an IGR of N13bn after it collected N165bn from the Federation Account, which translates to less than 8 per cent of the free money from the central government.
As a panellist at the Wole Soyinka Centre for Investigative Journalism (WSCIJ) discussion on matters of Local Voices, I underscored the pivotal role of the media and citizens in upholding accountability among state governors and local government authorities concerning the substantial resources they receive monthly from the central government.
With references to Northern states, I disclosed how billions of naira are allocated to each state while their local governments (LGs) also receive hundreds of millions of naira in monthly disbursements from Abuja. I cited the Federation Account Allocation Committee (FAAC) distributions in June 2024 as example: Borno State received N10.8 billion, while its 27 LGs shared an additional N8.7 billion; Kaduna State collected N12 billion, while its 23 LGs received N9 billion; Kano State was given N15.4 billion, whilst its 44 LGs received N15.3 billion; and Katsina State got N11.4 billion, whereas its 34 LGs shared N11 billion among themselves.
Each state’s local government received over N300 million monthly, some exceeding N400 million. Given these substantial monthly allocations, the protesters and rioters must be aware of the humongous releases to their respective states.
With the statutory financial interventions, it is pathetic that the Arewa region still accounts for high poverty rates (over 70% of the population living below the poverty line), High unemployment and underemployment among youth, Low Human Development Index (HDI), Low literacy and education levels, especially among girls and high food insecurity, particularly in conflict-affected areas.
Despite being richly endowed with natural resources, the region fails to capitalise on its various potentials. With vast agricultural land and livestock, the North can provide food security for the nation. Its hydroelectric power and solar energy potentials can drive industrialisation. Its forests and mineral resources offer significant tourism opportunities to attract foreign investment. However, some communities remain ungoverned and vulnerable to non-state actors because our leadership prioritizes political patronage over empowering the youth with modern skills.
We must acknowledge some notable peaceful protesters, like a young lady whose heart-wrenching testimony in a video at the hunger protest moved me deeply. Severely hungry, sick, and unable to afford food or medication, she spoke out for many suffering in silence while appealing to President Bola Ahmed Tinubu to hear their voices and act.
Despite efforts by NSA Nuhu Ribadu, CDS Gen. Chris Musa, Information Minister Idris Malagi, and others to contain the recent hunger protest, there are concerns that future agitations may be spontaneous and unpredictable, catching authorities off guard.
Northern leaders must, therefore, be advised to address insecurity, harness regional resources for economic growth and reduce overdependence on oil revenue. Rampant oil thefts and volatility in other mineral-producing regions highlight the need for proactive measures to ensure stability.
What would happen if the Federation Account allocations to states were stopped or a conflict broke out that prevented the extraction and production of oil in the country?
Yushau Shuaib is the author of “Award-Winning Crisis Communication Strategies.”
www.YAShuaib.com yashuaib@yashuaib.com