My Fellow Nigerians, Happy New Year! As we begin the New Year 2025, it has become imperative for me to speak to you as a Nigerian interested in the progress of the country.
The political, economic and security situation of our country is worsening daily, despite contrary positions and claims by the government of improvement in different spheres of human endeavour.
Our national challenges are visibly worsening. Our nation and its fortunes are in clear reverse. The indices are clearly indicative of our decline,
Our national indices tell a disconcerting story
Nigeria remains one of the poverty capitals of the world, with over 100 million people living in extreme poverty and more than 150 million in multidimensional poverty. The situation has deteriorated significantly over the past 18 months under the current administration.
As a nation, we have fallen from being the largest economy in Africa, with a GDP of $574 billion and a per capita income of over $3,500 in 2014, to now ranking fourth on the continent. Our current GDP is less than 50% of what it was a decade ago, standing at approximately $200 billion, with a per capita income of barely $1,000.
Nigeria remains one of the most insecure and least peaceful nations in the world, with countless communities and families displaced from their homes and now living in IDP camps. According to the Global Peace Index (GPI), Nigeria ranks 143rd out of 163 countries in terms of peacefulness – an indication of a high level of distress.
Food insecurity has become our new national norm, making Nigeria one of the hungriest countries in the world. Gainfully employed and middle-income Nigerians now spend nearly their entire incomes on feeding, with some even resorting to borrowing just to eat.
For those living on the margins – low-income earners and the unemployed – the situation is even more dire. The newly approved minimum wage of N70,000 cannot afford a bag of rice or even half a bag of beans. As a result, many Nigerians go to bed hungry, while a significant number now rely on palliatives and charitable support. Tragically, this has recently led to several avoidable deaths. Nigeria’s ranking on the 2024 Global Hunger Index is 110th out of 127 countries, reflecting a critical level of hunger and food insecurity in the nation.
We have earned the dubious distinction of being one of the countries with the largest number of people without access to electricity.
In 2024, despite abysmal and unacceptable power generation and distribution, the frequency of National Grid collapse increased significantly, with the Grid failing 12 times in 12 months. As a result, we are now mockingly referred to as the “generator country.” This persistent lack of adequate energy supply continues to hinder our national development.
Corruption, official malfeasance, fiscal profligacy, and the mismanagement of public resources continue to rise astronomically in our country, spreading across all spheres of government. Similarly, nepotism and the disregard for the Constitution, the rule of law, and due process have become the norm.
*Our national debt has risen astronomically, from approximately N15 trillion in 2015 to N100 trillion today. This sharp increase has occurred within the past 18 months under the current administration. Ironically, these borrowings are largely allocated to non-regenerative programmes and projects, leaving little to no tangible developmental assets to show for the debt.
Inflation remains at an all-time high, businesses are collapsing, and manufacturing companies are barely surviving, further contributing to the already high unemployment rate.
We hold periodic elections that are no longer genuine. Our electoral processes are visibly flawed, lacking transparency and credibility.
Although Nigeria is a democratic country, the electoral processes fall far below acceptable standards, with the people’s votes often not counting.
Suggestions on the way forward
From all indications, Nigeria urgently needs selfless and exemplary leadership across the three arms and tiers of government.
However, this much-needed exemplary leadership must begin at the very top. Since the ultimate responsibility lies with Mr. President, I will direct my attention to him. Mr. President, present-day Nigeria aligns closely with Dr. Martin Luther King Jr.’s powerful words: “We are confronted with the fierce urgency of now. This is no time for apathy or complacency.
This is a time for vigorous and positive actions.” Because we all love Nigeria and desire its prosperity, I would like to suggest some actions I would have personally approached differently. It is time to confront our national problems boldly, decisively, and with a sense of urgency. My suggestions are as follows:
Commence a visible and verifiable reduction in the cost of governance to allocate much-needed resources to critical areas of development, such as security, health, education, and poverty alleviation.
Aggressive and visible attention should be given to combating corruption effectively. While addressing past corrupt activities, we must ensure proper investigations and recoveries related to missing funds or their sources. The focus should be on eliminating current and future official malfeasance through increased transparency and accountability in public procurement and contract award processes, as well as thorough monitoring of execution to ensure that limited resources are efficiently utilized and applied productively.
All future borrowing must be tied to regenerative investments and visible, productive assets that benefit the nation. This will ensure both productivity and the ability to service and amortize such loans, rather than continuing the current practice of accumulating massive debt with no tangible returns, which places undue strain on future development revenue.
Mr. President, out of the approximately 580 days you have been in office, it is reported that you have spent over 30%, or around 180 days, on more than 30 publicly recorded overseas trips. My appeal is that you dedicate at least 20% of 2025 – roughly 72 days – to visit each of Nigeria’s 36 states for two days each. As President, such visits would give you the opportunity to better understand the dire economic and security situations across the country.
Furthermore, it is time for you to visit our national hospitals. Consider, for example, that your next medical examination be conducted at one of our National Hospitals or Regional Federal Medical Centres, such as the FMC in Sokoto or Birnin Kebbi or Calabar or Umuahia or Akure, among others. This will allow you to assess the state of healthcare facilities available to Nigerians. It will also help you understand the condition of our hospitals and clinics, enabling you to make informed decisions on how to upgrade and make them efficient.
Endeavour to travel by road to observe the condition of most highways. You can take short trips, for example, from Calabar in Cross River State to Uyo in Akwa Ibom State, a distance of less than 100 km, or from Benin in Edo State to Warri in Delta State. I recall taking President Olusegun Obasanjo on a trip from Awka to Onitsha on a federal highway when I was the Governor of Anambra State. That journey prompted him to immediately approve the reconstruction of parts of the road by the Anambra State government, with subsequent reimbursement by the federal government. Such actions are immensely valuable.
Make both impromptu and planned visits to our tertiary institutions, where our children and future leaders are being trained, are essential to familiarize yourself with the available infrastructure, facilities, and amenities. These visits will provide valuable insight into whether the resources of the Tertiary Education Trust Fund (TETFund) are being utilized optimally and what is needed to sustain the education system. I recall President Shagari visiting the University of Nigeria, Nsukka, when I was a student there and telling us, ‘I have seen the facilities myself, and I assure you of my intervention.’ Institutional facilities improved significantly thereafter.
As Commander-in-Chief, visit our military formations and security agencies, especially during their field operations, and provide them with morale-boosting assurances and support for operational efficiency. Reiterate that they and their families will always be taken care of.
Mr. President, many Nigerians are ‘refugees’ and ‘exiles’ in their own country. Visit various IDP camps and assure these Nigerians that they will soon return to their communities, and that you are working hard to restore peace and normalcy to the country. Nigeria is not a war-torn nation. The proliferation of IDP camps is a troubling sign.
As President, you are no longer the Governor of Lagos State; therefore, consider spending your holidays in different parts of the country. Let your next Sallah, Easter, and Christmas holidays be spent in places like Adamawa, Sokoto, Jos, Akure, Yenagoa, or Abakaliki, among others.
The single most challenging test you face is ensuring that future elections are credible and truly reflect the will of the people.
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Finally, Mr. President, Nigerians need to hear directly from you, not through your proxies. Quarterly updates on what you are doing to improve the situation in Nigeria is crucial.
God bless the Federal Republic of Nigeria
