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OPINION: Isese: Reliving Yoruba History

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Akin Osuntokun

By Akin Osuntokun

The power politics that defines Ilorin ensued in the 1820s with the defeat of Are Ona kakanfo Afonja, in the Alimi (the Fulani spiritual consultant to Afonja) insurrection against the political status-quo (personified by the former).The insurrection rapidly resolved in the jihadist incorporation of Ilorin into the Sokoto Caliphate. More than any historical figure, Afonja was representative of the century long regime of civil wars, rebellion and external pressure that culminated in the implosion of the Oyo empire.The metaphor of this tragedy was that of a commander-in-chief taking up arms against the sovereign and empire he was sworn to protect and secure.

The Afonja villainy is not diminished by the acknowledgement of the fact that it was the rogue sovereign, Alaafin Aole, who initiated the mutually assured destructive confrontation between the two ill starred actors. Afonja was a villain quite alright but only as the most prominent of many rebellious warlords who had little consciousness or notion of the Yoruba national unity that we now presume and take for granted.

A crucial commencement rites of a newly installed Alaafin was the proclamation of a war against a contrived target and a concomitant directive to the kakanfo to take the battle to the putative ‘enemy’.

Problem is, it is mandatory for him to win the war and he is otherwise condemned to death if he fails.

Wishing the latter option on his commander-in-chief, Aole chose a made to fit specification, (Iwere Ile), that was certain to ensure the desired outcome. Iwere Ile was near militarily impregnable and ritually inviolable. In so doing, the sovereign had practically sentenced the kakanfo to death. Having secured the sympathy of the oyo empire ruling council, the Oyomesi, Afonja responded with a counter attack declaration of war against the monarch and vanquished him. It became the turn of the Alaafin to reciprocate and acknowledge the implicit gesture for him to commit suicide (regicide). Upon the death of Aole, Afonja intensified the momentum of his rebellion and pronounced a unilateral declaration of independence from the central authority of the empire. He thereby transited from the commander-in-chief of the (Oyo empire) realm to its

ubiquitous and most consequential violator.

Nemesis soon caught up with him as he was served the same dish he previously served the Alaafin.

Detached from the umbilical cord of the Oyo empire, he was cut down in the Alimi heralded fulani conquest of Ilorin. The bitter-sweet rejoinder to the prior Yoruba disinheritance of Ilorin was the categorical repulse of Fulani expansionism at the rout of their forces by the Balogun Odeyinka Oderinlo (my favourite Yoruba generalissimo) led Ibadan army at Osogbo in 1840.The ramifications of the potential failure of the Yoruba army at Osogbo are too dire to contemplate.There had been talks of the ambition of the custodians of the Sokoto Caliphate to ‘dip the Koran in the Atlantic seaboard in Lagos’.This was the euphemism for the projected conquest of Yoruba territory all the way to the Lagos coast.

As a Participant-Observer of Yoruba history, I have always prioritised the study of the pre colonial Yoruba-Fulani engagement. The striking coincidence was how my search for historical recollection on oderinlo coincided with the symbolic proclamation and commemoration (by the governors of the Yoruba states) of Ìsèse day. This was against the immediate backdrop of the escalation of the theocratic chauvinism with which the Moslem faithfuls of Ilorin had bullied the Pan Yoruba traditionalists of the cosmopolis.

As I’m wont to do, whenever I find myself in Ibadan and with a few hours to spare, I tend to wander into the university of Ibadan bookshop. I then head straight to the Yoruba bookshelf compartment. This time around, I was rewarded with the display of a biography on Oderinlo, authored by one of his numerous descendants. Reading through the book, I was struck to learn that Oderinlo, the man of destiny, was actually born and raised in Ilorin. More surprising is the revelation that Oderinlo was one of Afonja’s brigade commanders and fought alongside the latter (in what turned out to be the last battle of Afonja’s career) against the Alimi fomented palace coup.

Subsequent to this coup was the tragedy of the Eleduwe war.

Not the best memory of the Oyo empire, the war pitted Alafin Oluewu against the Ilorin Fulani occupation army. The tragedy was not so much in losing the war as the manner in which it was lost. The military hierarchy of Oluewu’s contingent comprised the Alaafin himself, Eleduwe (the bariba king), Oluyole and Oderinlo (of Ibadan) Kurunmi of Ijaye, Prince Atiba of Oyo and Timi Agbale of Ede. Over a perceived slight, the latter two planned to ‘desert the kings in the heat of battle’. And they did. Ultimately, Eleduwe and Oluewu were killed ‘and thus the battle to break the yoke of Ilorin failed because the warlords deserted their kings when it mattered most’.

Oderinlo and the Yoruba army were third time lucky. After the Afonja war, Oderinlo had departed Ilorin and found his way to Ibadan where dispersed warriors from Oyo, Ife, Ijebu and all over the Yoruba realm regrouped to form the Ibadan military state. ‘The Ibadan, under Oluyole were to defend and protect all the Yoruba towns and provinces to the North and North East’. It was in response to this call of duty that Oderinlo found himself in the third major military encounter (at Osogbo) where they turned the tide of battle against the Fulani.

For some years now, I have taken a shine to studying Ifa as a hobby and as a general reader. In the course of this vocation, I had acquired a meaningful knowledge of Yoruba history and prehistory. It is anyone’s guess that this is not a socially correct proclivity among the African elite let alone the pseudo religious hisbah of Ilorin.There was no end to my momentary mortification when I was outed by President Olusegun Obasanjo at the public ceremony to mark my sixtieth birthday ceremony. “Akin is so versed in Ifa, probably he could be an Ifa priest”. I aspire to use myself as a catalyst for the demystification of Ifa in the consciousness of the Yoruba political and social elite, to supplant the extant blind alienation and self-willed ignorance.

This negative attitude was prescribed by colonialism in its mission to delegitimize the African tradition and impose its worldview as the ideal. At its most explicit, it was typified by the French assimilationist colonial policy, ‘the aim of which was to assimilate and transform all Africans in “French” colonies into black French men and women. To accomplish this goal, France had to eliminate all African cultures and assimilate all Africans into French culture’. If there is any contentious subject on which the Yoruba in particular and the human community need reintroduction, it is Ifa. “Ifa is not but contains religion, it is not science but contains science, it is not philosophy but contains philosophy.. Ifa is a compendium of Yoruba thoughts and history”.

Rationality demands that you need to know and understand precisely what it is you are running away from before taking to your heels otherwise you will ab initio be running blind. Ifa is a myth begging to be demystified, a necessary demystification of sociocultural reality. It is a victim, first and foremost, of colonialism and its inherent requirement to delegitimize the precolonial history of Africa. Now, it has become a permanent victim of the posturing and demagoguery of Christianity and Islam.

One aspect of Ifa in which the Yoruba are typically running blind is the concept of Esu. The blindness was originally fostered by the mistranslation of the English bible to Yoruba by Bishop Ajayi Crowther where he equated Esu with the Satan of the Bible. So let us seize this occasion to put the deity in its proper perspective. “Èṣù is a deity in Yorùbá land, an Òrìṣà (arch angel of Olodumare). Èṣù is a friendly prankster. Esu is Only a Messenger who delivers whatever messages he is sent, be it positive or negative (a messenger does not dictate what message. Èṣù láàlú does not have an English name just the way Ṣàngó, Ògún, Ọbàtálá, Ọ̀ṣun and others don’t have an English name. Èṣù is Èṣù!. Èṣù láàlú does not have all those bad features ascribed to Biblical Satan. People should therefore stop judging Yorùbá Traditions, Customs, Beliefs and Spirituality as “Sinful”, in Jewish biblical sense’.

Among the Yoruba, there is something of a paradox in the contradiction between the subconscious individual belief in the relevance of Ifa to the resolution of any resurgence of crisis in human experience and a conscious social and collective disavowal of its reality. It is a paradox that is borne out in the ambiguity of individual and private accommodation of Ifa by those who simultaneously profess Christianity and Islam.

I have not come across any contemporary tradition that surpasses the Yoruba in the placement of emphasis on morality and good conduct.

This distinction is well captured in Ifa corpus and the concept of omoluabi (one who behaves as a well born). It is in consonance with the prioritisation and reification of Iwa (virtue), that she was metaphorically married to Orunmila, the preeminent divinity. “In odu ogbe ogunda, Orunmila once sought the means of success in life and was told that the only way was for him to marry iwa. He accordingly married iwa and became very successful. Hence everyone has been seeking after iwa, with the result that iwa became the mother of many children..”

In the words of its foremost proponent, Wande Abimbola,

“Ifa is the greatest heritage of Africa. It talks about everything. It is our own encyclopaedia which is held orally. It is a testimony to the fact that human brain can retain a lot of information without having to write anything. Unfortunately, a lot of it has been forgotten but a good deal of it is still alive. Ifa is the greatest African gift to the whole world. Unfortunately, while Ifa has travelled all over the world, Yoruba people, who are the real owners are ignorant about it because somebody changed our minds. There are white people who are now Babalawo and some of them have private jets from the practice…There are people we call Onisegun, they are not Babalawo. Babalawo does not do evil.‎”

Osuntokun, a former Presidential aide, is a public affairs analyst

Rivers Gov Demands Air Support  in Fight Against Oil theft, Bunkering

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Sim Fubara
Governor Siminalayi Fubara of Rivers state has challenged the Nigerian Airforce to join other security agencies to tackle crude oil theft and illegal bunkering in the country.
The Rivers governor stated this when the Chief of Air Staff, Marshal Hassan Bala Abubakar paid a courtesy visit to his office in Port Harcourt, the state’s capital on Thursday.
 The governor stated that the fight against pipelines vandalism and crude oil theft cannot be left to the Navy and Nigeria Army.
He urged the Airforce to use its air advantage to assist other security agencies to flush out the criminals.
According to him, the cooperation of all the security agencies is required if the war against crude oil theft in the state and Niger Delta will be won.
 “We are having a difficult time in this country, so try as much as you can to see what you can do, we are ready to work with you to reduce economic sabotage,” Fubara said.
The governor added, “Illegal bunkering is a big issue and it is something not to leave in the hands of the navy or the Army, but every body needs to work together.
“Those things we can’t see while on ground, you can access from aerial view. When we work together, I believe nothing is impossible to conquer.
“I appeal to you to order the commander in charge of this base to work with us because we intend to start a new fighting arrangement against illegal bunkering activities.”
Responding to demands from the chief of air staff, the governor assured that the state commissioner for special projects will be directed to do assessment of what is left to be done on the Airforce Runway and the two blocks of buildings as accommodations for Airforce officers.

Former UBA CEO, Phillips Oduoza Loses Son

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Emeka Oduoza, the son of Chairman of NOVA Merchant Bank, has passed on, aged 27.
Emeka, a promising  investment banker, died at the weekend in New York, United States.
Until his death, Emeka was  a reputable and valued member of Blackstone, one of the largest financial institutions in the world.
The young Oduoza was renowned for his excellence, dedication, and impact within the financial landscape in the States.
Emeka’s career has been marked by consistent  dedication to his craft, a vision for growth, and an unwavering commitment to the principles that underscore the world of finance.
Emeka Oduoza,  born in New York, spent his life cultivating relationships, pursuing passions, and leaving a lasting mark on those fortunate enough to have known him.
“Emeka was not only a beloved family member and friend, but he was also a distinguished member of the Blackstone community. His exceptional skills and commitment to his work as a Blackstone member made him a valued and respected colleague. He approached his responsibilities with unwavering dedication and a deep sense of integrity, leaving an indelible impression on all who had the privilege of working with him,” Blackstone said in a statement.
“Beyond his professional achievements, Emeka had a passion for life that was infectious. He had an insatiable curiosity and a thirst for knowledge, which led him to explore the world and engage in meaningful conversations with people from all walks of life. His ability to connect with others on a genuine level made him a true friend to many,” Blackstone  further said
The young Emeka’s legacy is a testament to his character and the impact he had on those around him. He leaves behind a legacy of kindness, generosity, and a commitment to excellence.

Emeka is survived by his parents, Jumai and Phillips Oduoza, his brother, Uzoma, nephew, sister in law, numerous uncles, aunties and cousins.

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He will be buried on September 5 in Los Angeles, California, United States

Annual Festival Celebration: Ondo Govt Reverses Akure Monarch’s Order To Close Market, Urges Citizens To Disregard Order

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Isese Day

By Ayodele Oni

Ondo state government has overruled the Deji of Akure, Oba Aladetoyinbo Ogunlade that ordered closure of markets and other commercial outlets  in the state capital on Friday as he celebrates one of his traditional festivals.

Oba Ogunlade through his spokesman, Michael Adeyeye had issued a statement on Thursday to declare closure of all commercials centres and markets.

The statement read “The Palace of the Deji & Paramount Ruler of Akure Kingdom wishes to notify the residents of Akure and its environ that all Markets and Shops in Akure will be shut on Friday 25th August, 2023

“The closure became necessary as part of the requirement in observing the age long tradition of the annual Aheregbe Festival. It is important to emphasize that there shall be no trading or opening of shops under any guise during the festival.

“Residents, market women and shop owners are kindly enjoined to comply with this directive. However, only pharmacy shops and patent medicine stores are exempted from the closure of their shops during the festival.”

An Akure based lawyer, had kicked against the decision, reminding the monarch of a government order last year on the festival.

However in a statement, the state commissioner for information, Mrs

Bamidele Ademola-Olateju, reminded Oba Ogunlade that

“On August 24, 2022, one of the decisions made by the Executive Council was that; there shall be no closure of markets in any part of the state without the approval of the Governor.

“The statement credited to Mr. Michael Adeyeye, the Press Secretary of His Majesty, the Deji of Akure constitutes a clear violation of an existing order of the Government, and an abridgement the right of Akure residents to the pursuance of their livelihood.

“The public should note that even if an approval was sought, such closure would have been limited to Ọjà Ọba (Oba’s Market) in Akure.

“We urge our respected Royal father, His Majesty, the Deji of Akure to respect the government decision and refrain from any action that can inconvenience, and, or inflict economic pain to Akure inhabitants.

“We also ask that the cordial relationship between the revered stool of the Deji not be drawn into open confrontation with the government.

“Akure resident are urged to go about their normal business on Friday and beyond, in pursuance of their freedoms. No market or shop shall be closed by anyone either by coercion or threat of force before, during or after Aheregbe festival.

“Whoever flies in the face of this directive will draw the ire of the government. The government of Ondo State ask that; everyone should be law abiding and move about freely in the pursuit of happiness.”

Ondo Electoral Commission Clears 10 Parties For LG Poll

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INEC Logo
INEC Logo

By Ayodele Oni

Although postponed till next year, preparations continue as the Ondo State Independent Electoral Commission (ODIEC) announced that 10 political parties have expressed their interest to participate in the Local Government election.

The election, earlier scheduled to hold in December, has been postponed till  February 2024.

The Commissioner in charge of Communication, Publicity and ICT, Mr Tunde Adeleye, disclosed this in a statement in Akure.

The Statement noted that a deadline was given for political parties to submit their list of candidates for participation in the Local Government Elections.

Out of all the political parties, 10 have complied with the directive by submitting their candidates’ list to ODIEC.

In addition, the commissioner stated that ODIEC has fulfilled its statutory obligations by publishing the list and personal information of candidates vying for the positions of Councillors.

This information has been pasted in all 18 LGAs at the local government offices of ODIEC, while personal information of contestants vying for positions of Chairman and Vice Chairman have been pasted at ODIEC’s headquarters in Oba Ile.

Adeleye reiterated that ODIEC was committed to conducting free, fair, credible and transparent Local Government elections in Ondo State, while adhering to provisions contained within electoral laws.

“As such, voters were urged to expect a smooth and efficient election process when they head to the polls next year.”

Rat Race Begins For Ondo Guber As Akeredolu’s SSG, Odu, Says Turn Of Woman To Rule Ondo

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Oladunni Odu

By Ayodele Oni

With 27 years experience in governance, the Secretary to Ondo State Government, Mrs Oladunni Odu has said that she stands best to succeed Governor Oluwarotimi Akeredolu in 2024.

Odu, who has been part of governance in the state, both military and civilian, pointed out that time is ripe for a female governor in Ondo state.

She was Commissioner for Education, Ondo State between 1995 and 1999, Commissioner for Women Affairs (January 1999 to May 1999), chairman, Universal Basic Education Commission, (SUBEB) September 2003 – February, 2009.

The government scribe, who spoke to media correspondent in Akure on Thursday, said women’s leadership qualities would bring about desired change and rapid development because of the family-centric blood that flows in them.

Odu, a trained lawyer, while stressing her unalloyed support to the incumbent Governor, said she remains the best person to build on the “Redeemed Agenda” legacies of Governor, Oluwarotimi Akeredolu (SAN), having been in and out of governance in the last 27 years.

The first female SSG in the state, who noted  that no woman has been elected as governor in the state since the return to democracy in 1999, expressed the confidence that she is the best fit for the governorship position after Akeredolu’s departure under the platform of the ruling All Progressives Congress (APC).

“Let us test a woman. The trailblazing character of Ondo State will start from all of us to convince people, why they should look towards that direction.

“And you are not just talking about anyhow woman, but someone whom you have tried and tested. Somebody who has been around here, somebody who knows her onion, somebody who understands the system.

“Because I am bold to say that of all the people who have come out to be aspirants, non of them is as exposed to governance as myself. I have been around this place, in and out of governance in the last 27 years. So, I know what governance is.

“The men have done very well, I am not disputing that but all I am saying is that we should try women.”

The APC chieftain decried the situation, stressing that several women across generations are doing well and succeeding in their chosen careers.

“A mother, a wife, a sister who has the compassion of motherhood in her. A woman who can’t hear the cry of her baby and turn a deaf ear.

“Somebody who knows her onion, somebody who will lift the state higher, somebody who is accessible, somebody who will be your own person, somebody who will listen to your plights and somebody who will actually work for the good of Ondo state.

“I am so confident that having the first female governor will not be a difficult thing. It depends on the people and their mindsets, the way we talk to people.

“If you as Journalists who have gone far and wide and see what happens in other climes, you keep telling people that it’s high time we make a woman the governor of the state.”

While noting that the gender constitutes an important unit of electoral and political demography, the SSG hailed President Bola Tinubu for aligning with  the inclusiveness goal and the 35% affirmation agenda with the appointment of women in his cabinet.

Odu, a former chieftain of People’s Democratic Party (PDP) on whose ticket she earned some of her appointments, added that any society that promotes the dignity of women and gives them the opportunity to thrive will experience rapid development.

Ondo: Akure Monarch Orders Closure Of Markets To Celebrate Annual Festival, Lawyer Kicks

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Isese Day

By Ayodele Oni

Friday has been declared no commercial activities day in Ondo state capital, Akure, as the traditional ruler, observes one of his traditional festivals.

The festival, being celebrated annually by the monarch, caused rift last year following attempt to close down some markets which did not fall within the territory of Akure.

The state government had to intervene and directed traditional rulers to limit their activities within their jurisdiction.

Reactions have been trailing this year’s celebration as people want to know whether the Deji of Akure, Oba Ogunlade sought permission of the state government before ordering markets closure.

A statement on Thursday from the monarch read “The Palace of the Deji & Paramount Ruler of Akure Kingdom wishes to notify the residents of Akure and its environ that all Markets and Shops in Akure will be shut on Friday 25th August, 2023

“The closure became necessary as part of the requirement in observing the age long tradition of the annual Aheregbe Festival. It is important to emphasize that there shall be no trading or opening of shops under any guise during the festival.

“Residents, market women and shop owners are kindly enjoined to comply with this directive. However, only pharmacy shops and patent medicine stores are exempted from the closure of their shops during the festival

“Moreover, the festival will not in any way restrict both human and vehicular movement.”

The statement was signed by Adeyeye Michael, Chief Press Secretary to the Deji of Akure.

In a reaction, an Akure based lawyer,  Emmanuel Emodamor  noted that the common man, particularly  market men and women in Nigeria, are already economically suffocated and gasping for breath.

“They are just struggling to survive on their daily incomes.

For anyone to order the closure of markets and shops in these challenging times, in the name of a festival, which may not add any value to the people, is inhumane and a gross violation of the right to livelihood of our people.

“Most importantly, the ‘directive’ to close all markets and Shops is prima facie, an affront to the well-publicized existing order, directive or resolution of the State Executive Council.

“For the avoidance of doubt, I am a Prince, and I have enormous respect for positive traditions and customs, but not those repugnant to natural justice, equity and good conscience, or those aggravating the economic calamity of our people.

“I am therefore sure that the people of Ondo State, particularly the residents

of Akure, would need to know whether Your Excellency actually granted

approval to His Royal Majesty, the Deji Of Akure to close markets in Akure and its environs, and/or why such approval (if any) is not limited to the

Obas’ market in line with the extant 24th August, 2022 decision of the State Executive Council.

“If no approval was granted to the highly revered Kabiyesi to ‘order’ the closure of “all markets in Akure and its environs” as contained in the press statement issued by the Palace, then I am calling on Your Excellency to immediately assert the integrity, authority and sovereignty of the State

Government by enforcing the 24th August, 2022 State Executive Council

Resolution on closure of markets during festivals in Ondo State.”

Gas Car Rigmarole, Questions Tinubu Can’t Ignore

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Azu Ishiekwene

By Azu Ishiekwene

It was not meant to be this way. But like a good number of things Nigerian, the story is hardly complete without a twist in the tale. And so it has been for at least three years now with the story of the gas car that was supposed to lessen, if not end, Nigerians’ petrol misery.

Sometime in 2020, state oil company, Nigerian National Petroleum Company (now NNPC Limited), launched what it advertised as the National Gas Expansion Programme (NGEP). The major objective of the programme, according to NNPC Group CEO, Mele Kyari, was to harvest gas for car fuel. This was in addition to expanding its use for domestic cooking.

At the official launch of the programme on December 1, 2020, Kyari said given how important the project was for the government’s pursuit of cleaner, safer and cheaper energy, NNPC would provide the conversion free of charge to car owners and transporters.

“You bring your car to a location,” he said, “and then we fit in the things you need to call the gas and also to receive the gas into your car. All the one million cars that we promised will be done through a structure that the Ministry of Petroleum Resources will put in place to ensure that any Nigerian who has to convert his car will get it done for free.”

Kyari said at the time that outside Abuja, the retrofitting and service centres would be available in 12 other states, adding that the Ministry of Petroleum Resources would bear the burden “until the private sector can come in.”

To demonstrate how serious the government was about the programme, NNPC promised the Nigeria Labour Congress (NLC) 100 gas-powered buses, out of which I think 50 or so were delivered.

As surely as big money never fails to follow big talk in conspiracies that often end in heart-breaking scandals, the Central Bank offered N250 billion to “support” the NNPC’s gas car value chain. This “support” fund was announced at least four months before the programme was officially launched.

A statement by the Bank in August 2020 said each beneficiary would get a maximum of N10 billion at between five and nine percent with a one-year/18-month moratorium for 10 years disbursable in the case of small and medium scale enterprises, through the NIRSAL Microfinance Bank.

All of this was nearly three years ago. As you read this piece, no one is sure how many of the estimated 12million registered cars in Nigeria are gas-powered or how many of the estimated 6.7million of registered commercial vehicles out of the 12m are on gas. The best guess is on the website of NIPCO, a private limited oil and gas company, with a strong Indian presence.

NIPCO claims that it has converted 5600 cars to gas, but the data does not say whether this is the total number of cars converted in the last 19 years since NIPCO started LPG delivery. Or just what type of gas conversions took place – whether LPG-type (liquified petroleum gas, more commonly available); or CNG-type (compressed natural gas, with very few plants available in Nigeria). We also don’t know how many of the 13 service and retrofitting stations which Kyari announced three years ago are ready.

Was the CBN’s N250 billion gas value chain support fund disbursed? If so, how much and what is left of it? Who were the beneficiaries and what have they done with the money? I tried in vain to get the answers. Perhaps the bank or the Ministry of Petroleum Resources can help.

Two years after the NGEP was announced, Businessday published a story entitled, “FG’s autogas policy falls short,” in which the newspaper reported that, “A combination of infrastructure, high cost of gas, lack of proper planning and prevailing harsh economic realities have affected the implementation of the autogas policy.”

It’s ontop of this mess that Ajuri Ngelale, the Special Adviser on Media and Publicity to President Bola Ahmed Tinubu, announced last week the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI) “to revolutionise the transportation landscape in the country, targeting over 11,500 new CNG-enabled vehicles and 55,000 CNG conversion kits for existing PMS-dependent vehicles.”

Ngelale sounded like a repurposed version of CBN’s August 2020 memo, with the warmed-over promises of NNPC. But I’ll come to that.

Again, just as it happened when Kyari promised that one million cars will run on gas and that, for a start, over one dozen service stations across the country will be available to provide support, NNPC has promised that in the short run the new gas project would be supported by NIPCO. Kyari did not say how NIPCO’s infrastructure would meet the demand.

Information on NIPCO’s website as of today claims that Nipcogas – a JV project in which NNPC’s subsidiary Nigerian Gas Company (NGC) owns majority shares – has 15 CNG stations in Benin and is contemplating expansion both in Benin, Edo State; and in Ibafon, Ogun State. But insiders told me that there are only 12 stations in the country as of now, out of which Nipcogas owns 11. How the current infrastructure will convert 11,500 petrol cars to LPG and CNG, much less provide 55,000 conversion kits remains to be seen.

The demons are, however, in plain sight. The same demons that haunted Kyari’s grandiose plan to convert one million cars to autogas, and also turned the CBN’s N250 billion to pork barrel, will return to haunt the “PCNGI revolutionary initiative” enthusiastically announced by Ngelale.

It’s not hard to see why. The things Businessday cited as impediments to the execution of NGEP after its launch have not changed – not the system or the people behind it. If anything, thanks to corruption, they have metastasized, with concerns that at least N90 billion of the N250 billion set aside by the CBN to “support” the gas value chain may have been diverted.

It is also surprising that the government will prioritise CNG over LPG when the latter is not only more readily available, but is also relatively cheaper to convert and maintain. Can we even talk about conversion without data of car owners’ attitude and readiness?

And then there’s the supply problem. A viable gas car service without steady gas supply is a pipedream.  Africaoilgasreport.com reported on August 18 that in spite of huge oil and gas assets owned 100 percent by NNPC, which could significantly improve its oil and gas production and evacuation potential, the company prefers to play “the politics of financial engineering.” NNPC has become the successor of the Central Bank in the business of everything.

Also, while the Nigerian Liquefied Natural Gas (NLNG) said it was still producing in spite of declaring a force majeure in October last year as a result of flooding in the Niger Delta, the company has not vacated the force majeure, raising serious concerns about viable supply.

And why, in any case, does CNG have to become a “presidential initiative?” Are we going to have a presidential initiative on LPG, a presidential initiative on LNG and perhaps a presidential initiative on presidential initiative? The system is broken not because of an absence of a presidential initiative, but because NNPC, its subsidiary NGC, and the refineries that should lead the gas pathway have failed.

If in nearly 50 years of NNPC only about 10.5 percent or roughly four million Nigerian households use cooking gas, how can the government prioritise car gas over households through a presidential initiative salvation army, a purely ad hoc arrangement?

Which serious investors will put down their money in an arrangement that completely ignores the history of past failures and present concerns about mind boggling corruption? And how, by the way, can key institutions such as the National Automotive Design and Development Council (NADDC) and the National Agency for Science and Engineering Infrastructure (NASENI) be left out in any sustainable plan for autogas?

Tinubu has enough problems on his plate. Hugging a special purpose initiative to nowhere will not do him much good. If the government is really keen on gas cars, then he must return to where the rain started beating us.


Ishiekwene is Editor-In-Chief of LEADERSHIP

CBN: What’s JP Morgan’s Interest In Nigeria’s Forex Reserve?

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By Bayo Bernard, Business Editor

The last may not have been heard in the controversy surrounding Nigeria’s foreign reserves. A country’s forex reserve is the total value of its total savings held in foreign currencies.

The magazine reported earlier the claim by JP Morgan, a US-based financial service firm that Nigeria’s net forex is now less than $4 billion.

“We estimate that CBN’s net FX reserves were around $3.7 billion at the end of last year, from US$14.0 billion at end-2021,” the firm said in a report which analysts said unsettled key stakeholders in the nation’s financial sector, including the CBN.

The firm raised the alarm about how the Forex reserves fell to barely $4 billion from $14 billion within two years.

According to key analysts close to the nation’s apex bank, the report rattled the CBN at a time when efforts were being made to address the shortfall in the forex market and depreciation of the naira.

This is even more so after JP Morgan predicted in the report that the market could become more volatile, leading to further depreciation of the naira, except CBN took bold steps to source forex from different areas.

“That report came at the wrong time. For us, it whittles down our effort to stabilize the forex market. It has the potential to create panic, even though normalcy is gradually returning after the $ 3 billion emergency loan oil swap deal with Afriexim Bank,” a source in CBN said on Thursday.

Reacting to the controversy Hassan Mahmud, CBN Director, Monetary Policy Department, CBN, said on an AIT programme that JP Morgan is trying to destabilise the nation Forex market because “they must have their intentions to do that, whether to rouse market sentiments, whether to mislead the public.”

He said the CBN has enough in forex reserve to boost investors’ confidence, adding that fluctuations in forex reserve is not peculiar to Nigeria.

According to him, “That’s not the first time we are seeing people, institutions reeling out numbers; they must have their intentions to do that, whether to rouse market sentiments, whether to mislead the public,” Mahmud said.

“But the central bank has tried as much as possible to be transparent. What I will say about those numbers is that it is just funny in the sense that number one, reserves like any account balance, is a flow; there are changes that go within it at any particular time.

“Two, even if you have outstanding liabilities, you don’t mark the outstanding liabilities to market on a day and say this is your net balance.

“I can have $20 million in my account and I am owing someone maybe $13 million that is supposed to be paid in 2027; you can’t come in 2023 and say if I remove that $13 million, your money is $7 million or you are having $7 million.

“Now, I am not having $7 million, I am having $20 million. Because before I took a facility of $13 million, I know in the next three years, I will get $17 million so I can pay you back.

“But for you to come and tell me that no, your balance is $7 million and you can’t pay back in three years; it’s just putting it out of context.

“I don’t know how they did their calculations and I don’t have any information about that, but we also saw those numbers that came out.

““We have the numbers there. The central bank’s reserves are on our bank net. Yes, the figure you see today may not be exactly to the last decimal point but you have that picture that you are seeing there.

“We have $33bn, there is IMF facility there, the SDR is also there, we have the JP Morgan numbers that you mentioned, we have forwarded, they are all there,” he said.

Following the $3 billion loan agreement between the Nigeria National Petroleum Company, NNPC Limited, and Afriexim Bank last week, keen watchers of the forex market insist that the volatility has reduced, particularly after the naira regained strength to less than N800 to the dollar from almost N950 it was traded in the previous weeks.

However, they insist that the respite provided by the loan could only last for a short time before currency speculators begin to take over the market again once the market begins to experience a shortfall in liquidity.

The CBN’s recently warned currency traders that they are likely to lose their investment as the market stabilizes.

“sooner rather than later, the speculators should be careful  because we believe the things we are doing, when they come to fruition may result in significant losses to them,” Acting CBN Governor Folashodun Shonubi said after a meeting with President Bola Ahmed Tinubu in Aso Rock, Presidential Villa.

Online FG N5 Billion Grant Is Scam – Ekiti Govt Alerts Public

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Biodun Oyebanji

By Ayodele Oni

States have advised members of the public to disown a  N5 billion Federal Government palliative funds, now circulating in the social media.

The publication from various states have been on the social media advising unsuspecting members of the public to apply for the Federal Government N5 billion grant meant to cushion hardship occasioned by subsidy withdrawal on petrol.

Ekiti State Government clarified on Thursday that it is not aware of such grant either from the State or Federal Government.

Commissioner for Information, Taiwo Olatubosun in a statement said “it has come to the notice of the Government of Ekiti State that some fraudsters masquerading as agents of the State have placed advertisements in some online platforms asking unsuspecting members of the public to apply for the N5 billion Federal Government palliative funds.

“The Ekiti State Government hereby unequivocally disowns all online and any other form of advertisements requesting for applications to benefit from the palliative funds.

“The good people of the State are therefore advised to ignore all unauthorized advertisements purportedly placed on behalf of the State Government.

“The Government has its official channels of communicating its decisions to the Public.  Members of the public are also urged to contact the Office of the State Commissioner for information for clarifications and enquiries.”