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The Northernisation Of 2023: Dialogue With Nigeria

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Akin Osuntokun

By Akin Osuntokun

“Conscious of this (Northern) hegemony and the fact that it does not have to be incompatible with the progress of Nigeria I have always argued that Northern hegemony, per se, is not the problem of Nigeria. It is the double jeopardy indicated in its abuse and wanton mismanagement that is the problem”. Whenever I write on the subject of Northern hegemony in Nigerian politics, I have always found the need to enter this rider to guarantee a fulsome understanding of my premises on the subject matter.

An underlying theme of the post independent political history of Nigeria is what has come to be characterised as a northern agenda and strategy whose defining feature is regional hegemony and supremacy. And it is deployed through three major instruments. First is the attribution of higher population to the North. Second is wielding the upper hand in the balance of terror equation.This objective was set in motion by the vision and calculation of the first generation of pre and post colonial northern political elite.

According to the Shehu Yaradua foundation “For the generation of the late Shehu Yar’adua for instance, ‘joining the army in 1962 was a statement of political faith. A politically better informed Northern elite had come to recognise the neglected significance of the military in independent Nigeria. President Mohammadu Buhari equally weighed in ‘’the Emir of kano told one of us that if soldiers could overthrow a line of kings descended directly from the prophet in Syria, it could happen anywhere. So we should go and join the army’’.

Third is a pan Islamic isolation and insulation of the northern region from the cosmopolitan accretion of european modernisation especially British missionary activities (with the inherent effect of rendering the masses malleable and captive to politico-religious manipulation).This was the condition precedent that the northern traditional and political elite requested at the entry point of their colonial incorporation into amalgamated Nigeria. The request suited the ulterior motive of the colonialists to be spared the burden of direct governance of the region-on account of which the British readily acquiesced. The ensuing rapport marked the commencement of a mentor/protege relationship between the two that views Nigeria through the prism of the Northern standpoint.

The deleterious effect of this dispensation (to which the British are complicit) is the attendant weaponisation of ignorance and stratified class system predicated on a pseudo theocratic order. These three elements: a permanently contrived higher population advantage; stranglehold over the powers of coercion and the insulation of the electorate from extra regional political mobilisation and recruitment, have combined to vest the regional political elite with the semblance of a veto power over the political direction of Nigeria. The power rotation convention was directed at the mitigation of making this veto a relative rather than an absolute power politics instrument. The question that arises is how has this foregoing understanding play out in the current electoral cycle?

The first significant categorical challenge to the power rotation assumption emanated from the ranks of the Peoples Democratic Party, PDP with the show stopper postulation by my big brother Raymond Dokpesi. In playing John the baptist to the candidacy of vice-president Atiku Abubakar he advanced the thesis ‘that the only chance the PDP has in winning the 2023 presidential election is by fielding in a northern candidate, specifically from the North-east zone and preferably the former Vice President Atiku Abubakar’.

Prior to this statement of intent, the Atiku Abubakar faction of the party had railroaded Dr Iyorchia Ayu into office as party chairman. With Ayu (from the North) as chairman, the two-plus-two-equals-four-equation is the presupposition that the presidential candidate of the party will emerge from the other half of the country. Right? Wrong. Impervious to the supposition and the bigger assumption of power rotation, Abubakar emerged the presidential flag bearer of the PDP.

Lurking in the corner and aiming to take a cue from the outcome of the PDP presidential primaries, the APC actually postponed its presidential primaries to tailor its political calculations accordingly. Regardless of the twists and turns on the road to the primaries, the APC passed the muster test of the power rotation political correctness with the emergence of Governor Bola Ahmed Tinubu as the presidential candidate. Or so it seemed.

What the party gave with the right hand, it took back with the left hand when Tinubu and the party caucus settled for a Muslim as his vice-presidential candidate namely Senator Kashim Shettima. Now, the former governor of Borno state is not just another Northern muslim, he came loaded. He was governor of the Borno state epicentre at the height of the fury of the insurgency. If the suspicion is correct that there was an opaque relationship between the northern political elite and the Boko Haram insurgents, all fingers point at Shettima as the manager of such a pact. For good measure, he has let the cat out of the bag that as potential vice-president he is going to usurp the powers of his health compromised principal and function as the defacto president.

The inference from the pandering of these two presidential tickets is that the Muslim North electorate has become a deity whose wrath can only be appeased with a clear political acknowledgement of its preeminence and superiority to the other segments comprising the Nigerian population. If the PDP had chosen a northern muslim as its candidate, the APC believes the only way it can match this appeasement is by doubling down on its Islamic credentials. Hence the Muslim Muslim presidential ticket of Tinubu and Shettima. Which leaves us with the only balanced ticket among the contenders, the Peter Obi/Baba-Ahmed pair and to which any hope of the salvation of Nigeria belongs.

Governor Nyesom Wike is not my cup of tea but regardless of his motives, he is spot on with the categorical request that once Abubakar emerged as the PDP presidential candidate, Ayu, from the north, should not hold the position of the party chairman, a minute longer. I cannot imagine any wanton abuse of the winner takes all mentality worse than an argument to the contrary.

If ever there was a needless provocation, this is one. By what definition of equity and justice can we claim the retention of Ayu is the right thing to do? How does the resultant aggravation of the North/South divide square with the advertisement of Vice-President Atiku Abubakar as a political unifier? Wike has thus been handed full measure of the propaganda field and has ceased it with characteristic indignation and bluster. He rails

“We have finished presidential primaries, we have a presidential candidate. Is Wike saying remove presidential candidate? Is Wike saying remove vice&presidential candidate? So, what are you begging me for? All I am saying, and I will continue to say is that you have taken president, give us (national) chairman.

“I’ve accepted the presidential candidate, I have accepted the vice-presidential candidate, what’s the problem again. You, fulfil your part. Let the South have something, that is all I’m preaching. You cannot have presidential candidate, national chairman, director general of the campaign.”

‘The Governor said it was hypocritical for some people in the PDP to criticise Muslim/Muslim ticket, while supporting that a particular region of the country should retain the presidency for another eight years’ He insisted that for the sake of holistic peace, PDP should adhere to the tenets of its constitution, which explicitly recommended that when a presidential candidate emerged from the north, the national chairman should be from the South’. In the event, the PDP presidential ticket has been hemorrhaging profusely in the South partly of its own making and partly on account of the inadvertent factor of the Peter Obi presidential run.

Smarting from this pressure, Abubakar has found the compulsion to play the northern ethnic card by increasingly casting himself as the northern candidate out to do battle with the Igbo and Yoruba. Not quite in character, Abubakar charged “I think what an average northerner needs is somebody from the north who understands other parts of Nigeria and who has been able to build bridges across the country. That is what the north needs,” Mr Abubakar said in a now viral video. “It (Northern Nigeria) doesn’t need a Yoruba candidate or an Igbo candidate. This is what the northerners need. So I believe I stand before you as a pan-Nigerian of Northern origin.” You get the drift?


Osuntokun, an accomplished Writer and Politician, was the Managing Director of NAN

Ekpeyong Lashes Akpabio, Says He Has Been Rejected By The People

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Senator Chris Ekpenyong and Senator Godswill Akpabio

By Akinwale Kasali

Senator Chris Ekpenyong representing Akwa Ibom North-West (Ikot Ekpene) Senatorial District, has mocked former Minister of Niger Delta Affairs, Godswill Akpabio. “You have been rejected by the people of Akwa Ibom”, Ekpenyong told Akpabio.

Ekpeyong dismissed Akpabio as a comedian and a serial loser who has failed to realize that the electorate has rejected him and will not stop rejecting just the way they did in 2019.

He advised the former Akwa Ibom State Governor to shelve the ambition of contesting for the Senatorial Seat of the district in 2023, as it is basically a waste of time.

Ekpenyong’s strong word was in response to  Akpabio’s statement at the inauguration of his ( Akpabio’s) Senatorial Campaign Council for the Ikot Ekpene senatorial district on Thursday, where he claimed that he won the 2019 election but the results were manipulated in favour of Ekpenyong.

Akpabio: “The people of Ikot Ekpene Senatorial District want to use this election to prove to the world that their son, Senator Godswill Akpabio, won the senatorial election in 2019 but the results were manipulated against him and one of those who took part in that heinous crime, is today cooling off in prison.

“The outcome of that election was taken to Uyo against what the law says and the rest is now history. Another opportunity now beckons for the good people of Ikot Ekpene Senatorial District to prove a point, that their votes was for me in 2019.

“Let me also caution our supporters, whoever brings money to you, collect it but vote your conscience because your vote will surely count this time around. Don’t swear to any fetish oath.Vote APC all the way. Don’t allow the ongoing court case challenging the candidacy of Obong Akan Udofia to deter you, he remains the candidate of the party.

“A vote for me to go to the Senate is a vote for appointments, human capital development, Scholarship and empowerment and taking Akwa Ibom to the centre of national politics”.

Ekpeyong showed his displeasure at the utterances of Akpabio by issuing a Press Statement Saturday, October 29th, 2022, in response.

Signed by his Press Secretary, Providence Essien, and titled, “The Return of the National Comedian” the statement said such falsehood by Akpabio can only come from a man “who is still living in his false dreams after many years of being rejected by the electorate”.

The statement reads in part:

“The attention of the Senator representing Ikot Ekpene Senatorial District in the National Assembly, has been drawn to a false allegation made by the defeated Warsaw general, Godswill Akpabio where he claimed he won the 2019 Ikot Ekpene Senatorial election and was short-changed.

“For the avoidance of doubt, and in order to set the record straight, the Distinguished Senator wishes to state the following: That Senator Godswill Akpabio should not forget that he was defeated twice in the 2019 Ikot Ekpene Senatorial District election: first at the general election and second, at the rerun to the glory of God to whom he (Akpabio) was equating himself;

“The event of 2019 election was a case of a man against the people and the will of the people won; that Akpabio should not forget that prior to that election which he lost, he had likened the election to a football match between Akwa United and Arsenal, in which by the grace of God Akwa United won Arsenal United.

“That the people of Ikot Ekpene Senatorial District would not have voted a man who was generally rejected, even by his people in Essien Udim local government where he also lost; and as an elder brother to Akpabio, I will like to advise the former governor to forget about contesting next year’s election. Ikot Ekpene Senatorial District cannot choose the selfish and self-centred interest of a single man over and above the brotherhood and peaceful coexistence of the Senatorial District.

“That we in Ikot Ekpene federal constituency and other federal constituencies in the Senatorial District cannot cheat our brothers in Abak 5 now that it is their turn to produce a senator.

“That Senator Godswill Akpabio should stop using reverse psychology on the people. This same method he used in the past cannot work again. He should face the truth – this is the turn of Abak 5 and no amount of his public tears can reverse this decision of the people.

“That Senator Akpabio should go and rest. The people said so in 2019 through the ballot and will say same again in 2023; Godswill Akpabio should step aside and allow Abak 5 take their turn and stop this joke he is going around cracking because it will not work.”

Both men will meet at the polls in February 2023, at the Senatorial polls.

Prof Agbaje, former DVC, University of Ibadan, Abducted

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Professor Adigun Agbaje

By Adesina Soyooye

A former Deputy Vice Chancellor, Academics, at the University of Ibadan, Professor Adigun Agbaje, has been kidnapped.

The Professor was kidnapped at about 6.00pm on Friday, along the Lagos-Ibadan Expressway.

The incident, during which a number of others were kidnapped, happened close to the Kingdom of Sat Guru Maharaji.

The daring kidnappers also attacked a Police checkpoint near the scene, and killed a Police Officer in the process.

Professor Agbaje’s abductors have made contacts with his family and are asking for N50m in ransom money.

Agbaje is on sabbatical  at the Olabisi Onabanjo University, and was on his way to Ibadan when he was kidnapped.

2023: Aisha Yesufu Joins Obi In Nasarawa, To Hold Him Accountable If He Emerges President

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Aisha Yesufu

By Akinwale Kasali

Social Activist, Aisha Yesufu, has thrown her weight behind the candidature of Peter Obi of Labour Party, LP.

Yesufu who was at the Labour Party, LP, Presidential Campaign In Nasarawa State said she is supporting the vision of the former Anambra State Governor because of its would-be positive impact on the lives of Nigerians. She also said it would change positively, the negative narratives that has befallen the nation.

She added that she would hold Obi accountable if he emerges victorious in the 2023 presidential election.

Yesufu: “2023 election is an election for survival. We are not only voting for ourselves, we are also voting for our children and our grandchildren, and the generation yet to come, we want Mr Peter Obi to be in office, I will hold him accountable, we’ll ensure he works for the people…”

In his words, Obi said it is disheartening that in few weeks now the 2022 FIFA World Cup will commence in Qatar and Nigeria that is regarded as the giant of Africa and a footballing powerhouse will not have its flag hoisted at the world championship due to our failure to qualify.

“How can a nation like Nigeria not qualify for World Cup. If I am elected, I would invest money in sports.

“A country of 200 million people, we did not qualify for World Cup? …We will put money in sports, the youths will have goals, we will go to World Cup one way. How can they play World Cup without Nigeria?” Obi queried.

Alongside Obi at the campaign ground were his running mate, Datti Baba-Ahmed, Yesufu, and the LP National Chairman, Julius Abure, among other party chieftains.

Presidency of Nigeria is Not a Retirement Home – Peter Obi

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Peter Obi Campaign in Lafia

The Presidential candidate of the Labour Party, LP, Mr Peter Obi, on Saturday, flagged off his Presidential Campaign in Lafia, Nasarawa state capital reminding Nigerians that Presidency of Nigeria is not a retirement home for the aged, sick,  tired and weak people

Aso Rock is a seat of power for energetic and vibrant people to live and tackle the huge problems facing the country.

Presidency of Nigeria like in every good country is for leaders who are ready and patriotic enough to do the job and he and his Vice Yusuf Datti Baba-Ahmad are here to serve Nigeria and bring her back to greatness.

Obi told the excited crowd that he and his Running mate are like them and will not steal their money but will use it to solve problems by changing the country from consumption to production.

“We will put money here and farmers will return to their farms and youths will be gainfully engaged.

“Don’t support those who will steal your money and make governance a retirement home. We will solve Nigeria’s problems, it’s not going to be over night but we will tackle insecurity and return farmers to their farms.”

The LP candidate who called for a minute silence for all those who died from flood disaster across the country prayed for the repose of their souls and for those facing unprecedented hardship as a result of it.

The former Anambra State governor charged the youths and people of Nasarawa state that voting for the Labour Party is voting for their future. He also talked about the shame of Nigeria not qualifying for the World Cup because of poor governance and promised that he and Datti will put sports in it’s rightful place if elected.

The National Chairman of Labour Party, Comrade Julius Abure charged Nigerians to reject outrightly at the ballot box those who are sick and will steal their money. “Don’t handover this country to sick people, we need energetic and vibrant people who will not steal your money.

The LP National Chairman said that the narrative of this country will change if Obi and Datti Baba-Ahmad get into power, but reminded the people that they must be united and strong with their PVC for this to happen.

He charged the people to take the logo of LP which is family of Papa, Mama and child to their villages and educate the people to avoid the costly mistake of voting for umbrella and broom that have  destroyed our country.

The Vice Presidential candidate, Baba-Ahmad, who spoke mostly in Hausa told the jubilant crowd that this is the time for Nigerians to reject dead woods who steal their money.

The highlights of the flag off rally was the symbolic handing of the Party flag to the standard bearer of the party, Mr. Peter Obi who excited the gathering with a song of “when Labour don de rule, when Obi-Datti don dey rule, Nigeria go better”

Terror Alert: Julius Berger Shuts Down Operations In Abuja

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Julius Berger

By Gideon Njoku

Following the footsteps of Jabi Lake Mall,  one of the biggest malls in Abuja, construction giant, Julius Berger, has shut down its operations in Abuja, the Federal Capital Territory.

This action is in response to the elevated alert of an  imminent terrorist attack in Abuja raised by the United States Embassy in Nigeria.

The Embassy had, on Sunday, raised the alert, and scaled down, very considerably, its operations at the Embassy. On Wednesday, it followed up by offering a voluntary evacuation of its non-essential staff and their families in Abuja.

Other Foreign Missions, including the United Kingdom, Canada, Australia and India, have also raised same alert just like the US. The UK has warned its citizens in Nigeria against any trip to Abuja.

On Saturday, October 29, Julius Berger, in adherence to the security alert shut down its operations in Abuja.

In a statement on Saturday, the Company warned its staff and family members: “It is advised to avoid all public events within the FCT environment, including supermarkets, restaurants, hotels, bars, clubs and other  areas where many meet.

“This advice is applicable from 28-10-2022 in the evening, until Monday, 31-10-2022 in the morning.

“It remains possible to move to other JBN work or residential locations throughout the weekend. Your safety is our primary concern.”

Our Correspondent in Abuja reports that traffic, since Friday, has been unusually light. Many, ordinarily, busy areas are near-empty. Businesses are down, as people are afraid to step out.

There are, also, fears that worship places will be empty on Sunday, in response to the dire security situation.

However, while preaching vigilance, the Federal Government says it is on top of the situation. Abuja and environs are also bristling with special security operatives.

2023: ‘Tinubu Will Respect Rule Of Law If Elected’ – Keyamo; Netizens Lash Him

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Festus Keyamo

By Akinwale Kasali

Festus Keyamo, the All Progressives Congress, APC, Presidential Campaign Council, Chief Spokesperson has said that Presidential candidate, Bola Tinubu will respect the rule of law and make it a policy in his administration.

Keyamo also said that his candidate will not abuse the rule of law, having been a victim of military brutality in his struggle for democracy.

Speaking in an interview with Punch Newspaper, the Senior Advocate of  Nigeria added that Tinubu has chronicled his proposed reform of the Nigerian Judiciary in his 80-page manifesto.

“We have his plan about reforms and respect for the rule of law in our manifesto. Tinubu himself who was one of the greatest victims of military brutality, whose government then in Lagos was a victim of disobedient of the Supreme Court Judgment regarding Local Government funds.

“He has been a victim of it. I believe he also knows where the shoe pinches. Among the four leading aspirants, as we called them even though we know they are three, none of them fought for Democracy as much as Asiwaju. This is what the media knows very well. It is not a matter of blowing one’s trumpet. We don’t have to prove anything as well. He is the even one that can be trusted more than anybody.”

But Social Media users had mixed reactions in their response to Keyamo.

@moshood12 said that it is disheartening that Keyamo could utter such statements that Tinubu will respect the rule of law, this basically shows that they know that President Muhammadu Buhari has never respected the rule of law, so who is deceiving who.

@adabache_20 wrote on his Twitter handle saying that Buhari has done his worse, Tinubu is coming on board to aggravate the sufferings of Nigeria. What is the assurance that he will respect the rule of law just like Buhari has failed to do so.

@mabuchi said that this is how we were deceived by this APC Government in 2015 and 2019, we won’t be fool again. We all know what the Court said about the incarceration of Nnamdi Kanu, Sambo Dasuki which the APC Government turned deaf ears to, now they are coming to deceive us, we are wise. Obidient is the answer.

2023 Elections: Why Nigerians Must Come Out To Vote – Gov Akeredolu

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By Ayodele Oni

Chairman of the Southern Governors’ Forum and Ondo State Governor, Oluwarotimi Akeredolu, SAN, has advised that all those who do not wish to be ruled by persons of dubious character should endeavour to be active in the days ahead.

He said all those with their PVCs should vote for candidates of their choice, while candidates should be put to the strictest proof of their claims.

The Governor emphasized that “Anyone who exhibits any shred of doubt should be rejected roundly.

“The antecedents of prominent candidates in the forthcoming presidential elections, and even all elections, should be evidence of capacity. The manifesto belongs, largely, to the party.

“We must do more than criticism in the next elections or be ready to be ruled by those with no enviable pedigree. We must participate or be damned.

A statement by Chief Press Secretary to the Governor, Richard Olatunde stated that Akeredolu spoke in Ibadan, Oyo state at a dinner organized by Ibadan Anglican Diocese.

He maintained that antecedents of prominent candidates in the forthcoming presidential election should be the evidence of their capacity to lead the country.

He charged the people of Nigeria to keep the debate on equity and justice alive for peace to reign in the land, adding that the south must produce the next President in the spirit of equity and fairness.

Governor Akeredolu, who noted that competence and integrity should be the criteria for representation, stressed that the recent debate on representation on account of faith is most unnecessary.

”As Christians, we must not only be prayerful. It is important that we adopt proactive measures in our bid to protect ourselves against any evil design.

“We must be vigilant and ready to challenge all actions which threaten to relegate our collective interest to the background.

“In the same vein, we must be wary of the antics of the cunning and deceitful who may wish to exploit the challenges to advance their destructive designs.

“In as much as we encourage full participation of Christians in politics, our involvement must not be used to create disaffection among the various ethnic and religious groups in the country. We must resist the attempts by some elements to use religion to perpetuate crisis.

“Christians are yet to come together to elect representatives who must vie for political offices. Any individual aspiring to serve in any capacity should project his or her strength of character rather than hide under an omnibus but clearly dubious forum to appropriate our collective rights for personal consideration.

“The recent debate on representation on account of faith is most unnecessary. Competence and integrity should be the criteria for representation.

“We must tell all self-appointed spokespersons of the Christian faith to leave partisan politics for the practitioners and concentrate on the works for which they are called or appointed.”

Governor Akeredolu, who recalled that the political space was awash with embarrassing tales of assassination, thuggery and ballot snatching in the past, hailed President Muhammadu Buhari for setting the country free from the evils.

He said the President is determined to bequeath a legacy of electoral integrity to the country, adding that Election results are becoming more credible with reduced volume of election petition cases in the courts.

“Above all, the President has not allowed partisan interest to becloud his sense of fairness. He congratulates, almost always, whoever becomes victorious regardiess of the political parties to which the person belongs.

“On the whole, there is the pervasive feeling of improvement in the electoral process. The country can still do better than what is obtainable now.

“We are at a point where all of us must resolve to take more than a passing interest in what affects our general interest as citizens of the country.

“We must resist the temptation to stand aloof while others determine our collective destiny as a people. We must keep the debate on equity and justice alive for peace to reign in the land.”

2023: Fitch Predicts Tinubu’s Win; Violence Ahead, The Obi Factor

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Globally renowned agency, Fitch has predicted a win for Bola Ahmed Tinubu, the presidential candidate of the ruling All Progressive Congress, APC in the 2023 presidential election.

A Subsidiary of the global ratings agency, Fitch Solutions Country Risk and Industry Research, placed Tinubu, a former Lagos state governor ahead of other presidential candidates, in a race analysts have described as a three horse race between Tinubu of the APC, Atiku Abubakar of the PDP and Peter Obi of the Labour Party, LP.

Fitch said in a report on Thursday that Tinubu “is best placed to win” the 2023 presidential election”

According to the agency, Tinubu’s victory will however lead to turbulence because he and his running mate, Kassim Shetima are Muslims, saying their presidency will further polarize the country along religious lines.

The report stated that the presidential candidate of LP will not win the election, despite his social media popularity, and that his supporters will protest the emergence of Tinubu as president, by causing violence across the country.

Fitch further stated that Atiku Abubakar will not win the election because many of his party’s supporters are now rooting for Obi.

Obi was in the PDP before he decamped to LP earlier this year in a bid to vie for the highest office in the country.

His defection, analysts say, has narrowed the support for Atiku, because they are both “fishing from the same pond” according to those watching what is happening in the major opposition party.

The development, Fitch has predicted will work in favour of Tinubu who will be efit from the split in the PDP.

Fitch said, “Indeed, we maintain our view that the ruling party’s Bola Ahmed Tinubu is the candidate most likely to win the presidential election as a split opposition vote will favour the APC.

“Protests and social discontent are likely to ramp up in the aftermath of a Tinubu win since this would end the recent trend of the presidency alternating between Muslims and Christians.

“Since Nigeria’s return to democracy in 1999, there has been an informal agreement that resulted in the presidency alternating between Northern and Southern states, as well as between Christians and Muslims. A win for Tinubu would break with this unwritten tradition and likely fuel sentiment of perceived marginalisation among Christians.

“In addition, Obi’s supporters – mostly young, urban voters – are likely to question the fairness of the electoral process, especially after recent polls have predicted a win for Obi. These dynamics are likely to engender political unrest following the February vote.

“As a result, we have revised down the Social Stability component of our proprietary Short-Term Political Risk Index (STPRI) from 30.0 to 25.0 previously (scores out of 100; lower score implies higher risk). This brings Nigeria’s overall STPRI score from 46.3 to 45.0. Social Stability Remains.

“Surveys showing that Obi is ahead of his opponents, Bola Tinubu (APC) and Atiku Abubakar (PDP), were mostly based on responses gathered online. Since only 36.0% of Nigerians use the Internet (World Bank, 2020), we believe that these results are skewed towards urban, affluent voters who are most likely to support Obi. We also highlight that these polls suggest that a large share of voters remain undecided,” the agency said.

Why Obi will lose the election, Fitch further states:

“it would be herculean for the Labour Party which lacks structure and not having candidates for most of the positions for state Assemblies, House of Representatives, Senate and governorship, to deliver above those that have stakes for such positions.”

Redesign Of Naira Notes: I Don’t Need To Consult Ministry Of Finance – CBN Gov

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By Ayodele Oni

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, in response to the claim of ignorance by Mrs Zainab Ahmed, Minister of Finance, of the redesigning of some Nigerian currencies, said he doesn’t take instructions from the Ministry.

The proposed policy may have triggered a no-love-lost relationship between the two Federal Government institutions.

Emefiele, who reacted to the Minister’s assertion on Friday night defended the decision of the CBN to redesign some Naira notes, insisting that he didn’t need to consult with the Minister of Finance to do so.

He maintained that the planned policy was in line with Sections 19, subsections A and B of the CBN Act 2007, upon which the management of the CBN sought and obtained the approval of President Muhammadu Buhari to redesign, produce, and circulate new series of banknotes at N200, N500, and N1,000 notes.

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, had told the National Assembly on Friday that she knew nothing about the decision of the CBN to redesign some Naira notes.

The Minister spoke barely 48 hours after Emefiele announced that the redesigned notes would become official legal tenders by December 15, 2022.

The Minister, who commented on the policy in response to a question by Senator Opeyemi Bamidele (APC – Ekiti Central) during 2023 budget defence session with the Senate Committee on Finance, warned the CBN of consequences that may arise from it.

But countering the Minister, Emefiele on Friday evening, said the CBN does not need to consult anyone to redesign the Naira.

Quoting relevant sections of the CBN Act to back up his claim, Emefiele said he got the approval of President Muhammadu Buhari to redesign, produce and circulate Naira notes, stating that the step he took was the position of the law.

“With the president’s approval in writing, the CBN does not need to consult anyone else.”