How Ogun Govt Intervention caused postponement for nomination of Canditates for Awujale succession.....Fusengbuwa Ruling House

As the race for the Awujale of Ijebuland,hots up,facts emerged on Sunday on why the nomination meeting of candidates for the vacant stool of the Awujale and paramount ruler of Ijebuland was put on hold by the Fusengbuwa ruling house.

Ijebunation.com learnt that no fewer than 60 candidates are jostling to become the next Awujale.

Recall that the Fusengbuwa ruling house, which is next in line to produce the Awujale of Ijebuland following the death of Oba Sikiru Adetona at the age of 91 in July 2025, had last Thursday formally announced that the nomination meeting would hold on Monday.

The announcement was contained in a letter dated December 11, 2025, and signed by the family’s spokesman, Abiodun Ogidan.

The meeting was scheduled to hold at Bisrod Hall, GRA, Ijebu-Ode in Ogun State.

The ruling house outlined strict protocols for the exercise, emphasising that only accredited family members would be allowed entry.

It also stated that each candidate contesting for the vacant stool would be represented by two family members, with one nominating the candidate and the other seconding the nomination.

The ruling house further directed that candidates themselves would not be part of the nomination meeting, but would instead be represented by their nominees.

Family members and accredited representatives were also urged to conduct themselves with utmost peace, respect and orderliness befitting the sacred process.

However, in another statement issued on Friday by the Nomination Committee, the ruling house announced the postponement of the meeting.

Titled “To All Members of Fusengbuwa Ruling House, Ijebu-Ode,” the statement read in part: “Due to circumstances beyond the family’s control, the Fusengbuwa Ruling House Awujale nomination meeting scheduled for Monday, December 15, 2025, has been postponed.

“The new date will be announced shortly. We apologise for any inconvenience this may cause.”

Speaking exclusively with our correspondent on Sunday, the Chairman of the Fusengbuwa ruling house and former National President of the Institute of Chartered Accountants of Nigeria, Otunba Abdulateef Owoyemi, said the meeting was put on hold following an intervention by the state government to prevent procedural errors that could result in litigation.

Owoyemi explained that the ruling house was summoned to a meeting by the state government on Tuesday to review the steps taken so far and ensure compliance with extant laws.

He dismissed insinuations that the postponement was connected to the candidature of Fuji musician, Alhaji Wasiu Ayinde, popularly known as KWAM1, whom the ruling house had reportedly said was not a member of the Fusengbuwa ruling house and therefore not qualified to contest.

“The postponement of the nomination meeting has nothing to do with any individual, far from that,” Owoyemi said.

“What actually happened is that we received a summons from the state government for a meeting on Tuesday. The meeting is to ensure that everything is done properly so that the selection process does not become a fertile ground for litigation or generate legal controversy.

“It is a matter of comparing notes and ensuring that we cross our Ts and dot our Is. We appreciate this because it will improve our standards and ensure that the process is flawless. There is nothing to worry about.”

The Vice Chairman of the ruling house, Prof. Fassy Yusuf, also confirmed on Sunday that the ruling house and the kingmakers had been invited to a meeting with the government on Tuesday, necessitating the postponement of the nomination meeting.

Prof. Yusuf said the number of princes aspiring to succeed the late Awujale, Oba Adetona, was not fewer than 60.

Speaking on the phone, the Professor of Mass Communication at the University of Lagos said, “There are certain things we have not done, so the government has scheduled a meeting with us for Tuesday. The government will meet with the ruling house, the kingmakers and the Awujale Interregnum Committee.

“It is to ensure that everything is in order, and the outcome of this meeting will determine when next we will hold the nomination meeting.

“The postponement has nothing to do with anyone. Whoever is saying that is only being mischievous and spreading falsehood. So far, about 60 people are in the race to become the next Awujale.”

Efforts to find a successor to the late Oba Adetona, who reigned for 65 years before his death in July 2025, had recently gathered momentum after the local government reportedly gave the ruling house 14 days to present candidates for the throne.

By

Ayobami Adedeji Society 2025-12-16

President Bola Ahmed Tinubu has sworn in the former Chief of Defence Staff, Christopher Musa (rtd.) as Nigeria's  the new Minister of Defence.

Musa, who left his position as CDS recently took the oath of office on Thursday at the Presidential Villa, Abuja.Presidential spokesman, Bayo Onanuga in a post on X said Musa has taken his oath of office.On Wednesday after a rigorous question and answer session, the Senate confirmed Musa as Minister of Defence.

On Tuesday, President Tinubu nominated General Musa as the new Minister of Defence.

In a letter to Senate President Godswill Akpabio, President Tinubu conveyed General Musa’s nomination as the successor to Alhaji Mohammed Badaru Abubakar, who resigned on Monday due to ill health.

General Musa, 58, on December 25, is a distinguished soldier who served as Chief of Defence Staff from 2023 until October 2025. He won the Colin Powell Award for Soldiering in 2012.

By

Ayobami Adedeji Society 2025-12-04

Armed bandits, numbering more than 20, have attacked Isapa community, near Eruku community, in the same Ekiti local government area of Kwara State, abducting at least 11 residents, including a pregnant woman.

This is coming two days after President Bola Ahmed Tinubu announced the rescue of the 38 worshippers who were abducted in a bandit attack on CAC Oke-Isegun in Eruku, Kwara State which also led to the death of three people.We gathered that the attack occurred around 6:00 p.m. on Monday, when armed bandits stormed the community with a large herd of cattle, firing shots indiscriminately.

An elderly woman was reportedly hit by a stray bullet during the incident.

A community leader, who confirmed the incident under anonymity, said 11 people were abducted, with seven victims belonging to the same family.

The kidnapped victims include a pregnant woman, two nursing mothers, and several young children.

Identities of the abducted individuals have been identified as: Talatu Kabiru (Female, 20), Magaji (Male, 6), Kande (Female, 5), Hadiza (Female, 10), Mariam (Female, 6), Saima (Female, 5), A house wife, Habibat, A housewife, Fatima Yusufu, A pregnant woman, Sarah Sunday (Female, 22), Lami Fidelis (Female, 23, nursing mother), Haja Na Allah (Nursing mother)

Eyewitness accounts had it that the attackers moved through parts of the town, leaving bullet holes in walls and doors.

Expended AK-47 shells were found scattered across the community after the gunmen fled.

Police authorities are yet to issue an official statement on the incident.

By

Ayobami Adedeji Society 2025-11-25

Like Grahame Greene,had proffered ,'fame is a powerful aphrodisiac'.Little wonder Fuji King,Wasiu Ayinde Marshal,almost masturbated, publicly over his inordinate ambition to become the next Awujale,of Ijebuland.However, he got a shocker,on thursday,10th December,2025,as the Fusengbuwa Ruling House of Ijebu-Ode has formally dismissed,the false claim,that the musician,belongs to the lineage entitled to produce the next Awujale of Ijebuland.The family declared the linkage form he submitted for the succession process “null, void, and of no consequence', therefore, fixed Monday, December 15, 2025, for the nomination of all contestants in the race to pick the next Awujale. We hear,the  names of the nominated candidates will be forwarded to the kingmakers, who will select the next Awujale within seven days from the list and submit it to the governor for approval.The stool of Awujale and Paramount Ruler of Ijebu land rotates among the four ruling houses of Anikilaya, Gbelegbuwa, Fidipote, and Fusengbuwa. Following the death of Oba Sikiru Adetona from the Anikilaya royal family on July 13, 2025, after a 65-year reign, it is now the turn of Fusengbuwa to produce the next occupant of the throne.The rejection of the musician as a member of the Fusengbuwa ruling house was contained in a letter dated December 11, 2025, which has since gone viral on social media. The letter, signed by the Chairman of the ruling house, Otunba Abdulateef Owoyemi, Deputy Chairman, Otunba Adedokun Ajidagba, and Vice Chairman, Prof Fassy Yusuf, among others, was issued in response to the family lineage data form completed by Ayinde to prove his legitimacy as a member of the Fusengbuwa ruling house. Faulting Ayinde’s lineage data form, the family said, “Curiously, the form was certified by a purported family unit head, one Omooba Adetayo Abayomi Oduneye Eruobodo, on 8 December 2025, two days before your good self signed it,” describing the form as “presigned.”The family further stated that the data form was not signed by the authorised representative (family head) of the musician’s purported family unit. It added: “Omooba Adetayo Abayomi Oduneye Eruobodo is not a registered member of the Jadiara Royal House and, therefore, has no locus standi to sign any linkage form on behalf of the family; and our extensive investigation has not revealed any proof of your membership of the Jadiara Royal House or indeed that of Fusengbuwa Ruling House. Consequently, the completed linkage lineage form is hereby declared null, void, and of no consequence. For the avoidance of doubt, your claim to the membership of Fusengbuwa Ruling House is rejected, and the completed form is of no consequence.”

Similarly, the spokesperson of the Fusengbuwa Nomination Committee, Omooba Abiodun Ogidan, said Ayinde is not a member of the family and, therefore, not qualified to contest for the vacant stool of Awujale.Ogidan, addressing journalists during the meeting of the family heads of Fusengbuwa held on Thursday, said: “We just rose from the family meeting where all the Olori Ebis, the family heads of the Jadiara and Fusengbuwa family, met and deliberated on the way forward over the nomination to the throne of Awujale. It has been confirmed by our family that from all that he (Wasiu Ayinde) has written in the family lineage data form given to him, he is definitely not one of us in the Fusengbuwa ruling house. Let it be noted that Awujale’s nomination forms were not given to him. The Awujale form had closed by the time he began to claim that he was from the Fusengbuwa family. How can someone who has never been part of our family meetings or supported the family in any way suddenly wake up at the height of the glory of our family and begin to claim what never happened? Wasiu Ayinde is only trying to rewrite history, but this is 2025; he cannot pull the wool over our eyes. He is not part of us, and people with fake lineage will not be part of what we are doing here.”The family meeting, held earlier before the press briefing, was chaired by Owoyemi. Also in attendance were Ajidagba, Prof Yusuf, Prof Lasun Gbadamosi of Olabisi Onabanjo University, Ago Iwoye, among others.The family of the late Adebanjo Tijani Oduneye of Ijebu Ode also said that the musician was never a member of the family and could not have come from the Jadiara royal house. Speaking on behalf of the Oduneye family at Ile Nla, Ijebu Ode, Alhaja Adesumbo Oduneye said: “We are here to tell the world that the Oduneye family knew nothing about one Adetayo Oduneye, who signed the Fusengbuwa data lineage form of the musician, Ayinde.”Alhaja Oduneye said that though the said Oduneye was her half-brother, having both been siblings of Pa Oduneye, he was never the family head and had never acted in such capacity. She added that the signatory held no right to sign anything on behalf of the Oduneye family members, who are descendants of Jadiara.

The 66-year-old woman said, “We were all shocked when the Fusengbuwa ruling house lineage data form signed by Adetayo Oduneye Eruobodo was sent to us. Yes, he is one of us, one of the children of our late father, Adebanjo Tijani Oduneye, but he is never the head of the Oduneye family. We do not even know anything about Setejoye that he is talking about. He is spreading falsehood because Alhaji Wasiu Ayinde is never a member of the Oduneye or Jadiara royal family. Wasiu Ayinde does not, by any means or chance, have any connection to the Jadiara ruling house. Irrespective of whatever Adetayo Oduneye is saying, he is on his own. The family members of Oduneye’s home and abroad sent me here to tell the world that Alhaji Wasiu Ayinde Marshall is not one of us and not from Jadiara. No one knows anything about what Adetayo Oduneye is doing. He is only intent on distorting facts, and the family has said such actions will not be allowed to stand.”

The data lineage form submitted by the musician on Wednesday was signed by Adetayo Oduneye Eruobodo, who claimed to be the head of the Setejoye Unit of the Jadiara ruling house. The Fusengbuwa data lineage form filled by Ayinde, circulated on social media, indicated that he is from the descendant family unit of Setejoye of the Jadiara ruling house through his father, Adisa Adesanya Anifowoshe. His form was countersigned by Omooba Adetayo Oduneye, the claimed family head of Setejoye Unit.Ayinde is popularly known to have come from the Fidipote ruling house, through which he had picked the title of Olori Omooba of Ijebu land. KWAM 1, in a recent musical performance, insisted that he has roots in both Fidipote and Fusengbuwa ruling houses and is qualified to contest the Awujale stool.Many believed he was counting on the purported support from President Bola Tinubu,to forcefully takeover the Awujale throne. 

By

Ayobami Adedeji Society 2025-12-12

The Lagos State Government has honoured exceptional students who emerged winners of the first Governor’s Milestone Quiz Competition, an initiative aimed at deepening young people’s knowledge of the state’s history, culture, heritage and also the achievements of the Governor, Mr BabajideSanwo-Olu.

The prize presentation ceremony, organised by the Ministry of Information and Strategy in collaboration with the Lagos State Records and Archives Bureau (LASRAB), was held in LASRAB HOUSE, Magodo Lagos .

Commissioner for Information and Strategy, Mr. Gbenga Omotoso, reaffirmed the state’s commitment to using technology and creative learning tools to help young people understand Lagos’ past and the values that shaped its identity while also informing the young Lagosians on the milestones achievements of the governor.

He noted that the quiz aligns with Governor Babajide Sanwo-Olu’s vision for knowledge-driven citizenship and emphasised that historical awareness is vital for building a resilient and unified future.

Permanent Secretary, Cabinet Office and immediate past Director-General of LASRAB, Ms. Toyin Ogunlana, described the competition as a platform to celebrate excellence and inspire the next generation to appreciate Lagos’ rich cultural legacy.

Winners of the competition, 184 in all,  expressed gratitude to the government for the opportunity to expand their knowledge and for the prizes received, including tablets, headsets, smart wristwatches, gift cards, t.shirts and more.

By

Ayobami Adedeji Society 2025-12-04

The Federal High Court in Abuja has released the Certified True Copy (CTC) of the judgement sentencing the leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu to life imprisonment.  

This follows an hour-long judgement delivered by Justice James Omotoso on Thursday where the IPOB leader was convicted of all the seven counts of terrorism charges levelled against him by the Federal government of Nigeria.

Nnamdi Kanu was sentenced to life imprisonment for counts one, two, four, five and six instead of death penalty following pleas to the Court to temper justice with mercy. 

Kanu was also sentenced to 20 years in prison without option of fine for count three and five years in prison for count seven. 

Below is the full judgement (text and document) in CHARGE NO: FHC/ABJ/CR/383/2015 BETWEEN FEDERAL REPUBLIC OF NIGERIA as COMPLAINANT AND the DEFENDANT, ‘NNAMDI KANU: 

JUDGEMENT

The Defendant was arraigned before this Court on a 7 counts charge which reads thus:

COUNT ONE 

That you Nnamdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State sometimes in 2021, being a member and the leader of Indigenous People of Biafra, IPOB, a proscribed Oganisation, did commit an act in furtherance of an act of

Terrorism against the Federal Republic of Nigeria and the People of Nigeria by making a broadcast received and heard in Nigeria within the jurisdiction of this Honourable Court, with intent to intimidate the population and you threatened that people will die, the whole world will stand still and you thereby committed an offence punishable under Section 1(2)(b) of the Terrorism Prevention Amendment Act, 2013.

COUNT TWO

That you Namdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State sometimes in 2021 did commit an act in furtherance of an act of Terrorism against the Federal Republic of Nigeria and the People of Nigeria, made a broadcast received and heard in Nigeria within the jurisdiction of this Honourable Court, with intent to intimidate the population, you issued a deadly threat that anyone who flouted your sit-at-home order should write his/her Will as a result Banks, Schools, Markets, Shopping Malls, Fuel Stations domiciled in the Eastern States of Nigeria were not opened for businesses, citizens and vehicular movements in the Eastern States of Nigeria were grounded within the Jurisdiction of this Honourable Court and you thereby committed an offence punishable under Section 1(2) (b) of the Terrorism Prevention Amendment Act, 203.

COUNT THREE

That you Nnamdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State on diverse d a t e s between 2018 and 2021 within the Jurisdiction of this Honourable Court, professed yourself to be a member and leader of the Indigenous People of Biafra IPOB, a proscribed organisation in Nigeria and that you thereby committed an offence contrary to and punishable under Section 16 of the Terrorism Prevention Amendment Act, 2013.

COUNT FOUR

That you Nnamdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State on diverse dates between 2018 and 2021 made a broadcast received and heard in Nigeria within the Jurisdiction of this Honourable Court, in furtherance of an act of terrorism against the Federal Republic of Nigeria and the people of Nigeria in which you incite members of the Public in Nigeria to hunt and kill Nigerian security personnel and that you thereby committed an offence punishable under Section 1 (2) (h) of the Terrorism Prevention Amendment Act, 2013.

COUNT FIVE 

That you Nnamdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State on diverse dates between 2018 and 2021 made a broadcast received and heard in Nigeria within the Jurisdiction of this Honourable Court, in furtherance of an act of terrorism against the Federal Republic of Nigeria and the people of Nigeria in which you incite members of the Public in Nigeria to hunt and kill families of Nigerian security personnel and that you thereby committed an offence punishable under Section 1 (2) (h) of the Terrorism Prevention Amendment Act, 2013.

COUNT SIX

That you Nnamdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State on diverse dates between 2018 and 2021 made a broadcast received and heard in Nigeria within the Jurisdiction of this Honourable Court, in furtherance of an act of terrorism against the Federal Republic of Nigeria and the People of Nigeria in which you directed members of the Indigenous People of Biafra IPOB, A proscribed organization to manufacture Bombs and you thereby committed an offence punishable under section 1 (2) (f) of the Terrorism (Prevention) (Amendment) Act 2013.

COUNT SEVEN

That you Nnamdi Kanu, Male, Adult, of Afaranukwu Ibeku, Umuahia North Local Government Area of Abia State on diverse dates between the month of March and April 2015 imported into Nigeria and kept in Ubulisiuzor in Ihiala Local Government Area of Anambra State within the jurisdiction of this Honourable Court, a Radio Transmitter known as Tram 50L concealed in a container of used household items which you declared as used household items, and you thereby committed an offence contrary to section 47 (2) (a) of Criminal Code Act, Cap, C45 Laws of the Federation of Nigeria 2004.

In discharging its burden of proof, the Prosecution called five witnesses as follows:

The Prosecution also tendered the following which were admitted in evidence by the Court:

1. Mr. AAA PW1

2. Mr. BBB PW2

3. Mr. CCC PW3

4. Mr. DDD – PW4

5. Mr. EEE PW5

The Prosecution also tendered the following which were admitted in evidence by the Court:

Continuing reading from the CTC document here. 

By

Ayobami Adedeji Society 2025-11-21

At the Annual Bankers’ Dinner, when the Governor of the Central Bank of Nigeria, Yemi Cardoso, recently stated that Nigeria had "turned a decisive corner," his remark aimed to convey assurance that inflation was decelerating with headline inflation eased to 16.05percent and food inflation retreating to 13.12 percent, the exchange rate was stabilizing, and foreign reserves ($46.7 billion) had climbed to a seven-year peak. However, beneath this announcement, a grimmer and conflicting economic situation challenges households, businesses, and investors daily.

Stability is not announced; it is felt. For millions of Nigerians, however, what they are facing instead are increasing difficulties, declining abilities, diminished buying power, and susceptibilities that dispute any assertion of a steady macroeconomic path.

The 303rd MPC gathering was the most significant in recent times, revealing policies and statements that prompt more questions than clarifications. It highlighted an economy striving to appear stable, in theory, while the actual sector struggles to breathe.

This narrative explores why Cardoso’s assertion of "restored stability" is based on a delicate and partial foundation, and why Nigeria continues to be distant from attaining economic robustness.

Manufacturing: The Core of Genuine Stability Remains Struggling to Survive

A strong economy is characterized by growth in production, increased investment, and competitive industries. Nigeria lacks all of these elements.

The Manufacturers Association of Nigeria (MAN) expressed this clearly in its response to the MPC’s choice to keep the Monetary Policy Rate at 27 percent. MAN stated that elevated interest rates are now" hindering production, deterring investment, and weakening competitiveness.

Producers are presently taking loans at rates between 30-37 percent, an environment that renders growth unfeasible and survival challenging. MAN’s Director-General, Segun Ajayi-Kadir, emphasized that although stable exchange rates matter, no genuine industry can endure borrowing expenses to those charged by loan sharks.

The CBN’s choice to maintain elevated interest rates is based on drawing foreign portfolio investors (FPIs) to support the naira’s stability. However, FPIs are well-known for being short-term, speculative, and reactive to disturbances. They do not signify long-term stability. Do they represent genuine economic development?

Genuine stability demands assurance, in manufacturing beyond financial tightening. Manufacturers are expressing, clearly and persistently, that no progress has been made.

Oil Output and Revenue: The Engine Behind Nigeria’s Stability Is Misfiring

Nigeria’s oil sector, which is the backbone of its fiscal stability, is underperforming. The 2025 budget presumed:

• $75 per barrel oil price
• 2.06 million barrels per day production

Both objectives have fallen apart. Brent crude lingers near $62.56 under the benchmark. Contrary to the usual explanations, experts attribute the decline not mainly to external shocks but to poor reservoir management, outdated models, weak oversight, and delayed technical decisions.

Engineer Charles Deigh, a regarded expert in reservoir engineering, clearly expressed that Nigeria is experiencing production losses due to inadequate well monitoring, obsolete reservoir models, and technical choices lacking fundamental engineering precision.  These shortcomings result directly in decreased revenue. By September 2025:

-       Nigeria had accumulated N62.15 trillion from oil revenue

-       instead of the N84.67 trillion budgeted.

-       In September, the Federal Inland Revenue Service reported a startling 49.60 percent deficit in revenue from oil taxes.

A nation falling short of its main revenue goals by 50 percent cannot assert stability. Instead, it will take loans. Nigeria has taken loans.

A Stability Built on Debt, Not Productivity

Nigeria is now Africa’s largest borrower, and the world’s third-biggest borrower from the World Bank’s IDA, with $18.5 billion in commitments. By mid-2025, the total public debt amounts to N152.4 trillion, marking a 348.6 percent rise since 2023.

From July to October 2025, the government secured contracts for: $24.79 billion, €4 billion, ¥15 billion, N757 billion, and $500 million Sukuk loans. Nevertheless, in spite of these acquisitions, infrastructure continues to be manufacturing remains limited, and social welfare is still insufficient.

Uche Uwaleke, a finance and capital markets professor, cautions that Nigeria’s debt service ratio is "detrimental to growth." Currently, the government spends one out of every four naira it earns on servicing debts. Taking on debt is not harmful in itself, provided it finances projects that pay for themselves. In Nigeria, it supports subsistence.  A country funding today, through the labour of the future, cannot assert restored stability.

The Naira: A Currency Supported by Fragile Pillars

The CBN contends that elevated interest rates and enhanced market confidence have contributed to the naira's stabilisation. However, this steadiness is based on grounds that cannot endure even the slightest global disturbance. The pillars of a stable currency are:

-       Rising domestic production

-       Expanding exports

-       Reliable energy supply

-       Strong security

-       A thriving manufacturing base

None of these is Nigeria’s current reality. What Nigeria actually receives is capital from portfolio investors, and past events (2014, 2018, 2020, 2022) have demonstrated how rapidly these funds disappear.

Unemployment: “Stable” Figures Mask a Rising Youth Crisis

The CBN touts a reported unemployment rate of 4.3 percent. However, the International Labour Organisation (ILO), along with economists, cautions that the approach conceals more serious issues in the labour market.

Youth joblessness has increased to 6.5 percent, and the Nigerian Economic Summit Group cautions that Nigeria needs to generate 27 million formal employment opportunities by 2030 or else confront a disastrous labour crisis. The employment crisis is a ticking time bomb. A country cannot maintain stability when its youth are inactive, disheartened, and financially marginalized.

FDI Continues to Lag Despite CBN’s Positive Outlook

During the 2025 Nigerian Economic Summit, NESG Chairman, Niyi Yusuf stated that Nigeria’s efforts to attract direct investment (FDI) continue to be sluggish despite the implementation of reforms. FDI genuinely reflects investor trust, not portfolio inflows. FDI signifies enduring dedication, manufacturing plants, employment, and generating value. Nigeria does not have any of this as of now. An economy unable to draw long-term investments lacks stability.

139 Million Nigerians in Poverty: What Stability?

The recent development report from the World Bank estimates that 139 million Nigerians are living in poverty, and more than half of the population faces daily struggles. This is not stability. It is a humanitarian and economic crisis.

Food inflation continues to stay structurally high. The cost of a food basket has risen five times since 2019. Low-income families currently allocate much, as 70 percent of their earnings to food. A government cannot claim stability when its citizens go hungry.

A Fragile, Failing Power Sector

The power sector, another cornerstone of economic stability, is failing. Over 90 million Nigerians are without access to electricity, which is one of the highest figures globally. Even homes linked to the grid get 6.6 hours of electricity daily. Companies allocate funds to generators rather than to technology, innovation, or growth. Nigeria has now emerged as the biggest importer of solar panels in Africa, not due to environmental goals but because the national power grid is unreliable.

A country cannot achieve stability if it is unable to supply electricity to its residences, industrial plants, or medical centers.

Insecurity: The Silent Pillar Undermining All Economic Policy

Banditry, terrorism, abduction, and militant attacks persist in agriculture, manufacturing, logistics, and investment. Nigeria forfeits $15 billion each year due to insecurity and resources that might have fueled industrial development.

Food price increases are mainly caused by instability, and farmers are unable to cultivate, gather, or deliver their products. Nevertheless, the MPC approaches inflation predominantly as an issue of policy. In a country where insecurity fundamentally hinders the economy tightening policy cannot ensure stability.

Inflation Figures Under Suspicion

Questions have also emerged regarding the reliability of inflation data. Dr. Tilewa Adebajo, an economist, affirmed that the CBN might not entirely rely on the NBS inflation figures, highlighting increasing apprehension. A sharp decrease to 16 percent inflation clashes with market conditions.

Families are facing the food costs in two decades. Costs, for transport, housing rent, education fees, and necessary items keep increasing. Food prices cannot decline when farmers are abandoning their farmlands and fleeing for safety. If inflation figures are manipulated or partial, the stability story based on them becomes deceptive. There is, quite frankly, a significant disconnect between governance and the lived experience of ordinary Nigerians.

Foreign Reserves: A Story of Headlines vs Reality

Even Nigeria’s celebrated foreign reserves require scrutiny. The CBN reported $46.7 billion in reserves. However, a closer examination shows:

-       Net usable reserves are only $23.11 billion

-       The remainder is connected to commitments, swaps, and debts

Gross reserves make the news. Net reserves protect the currency. The difference is too large to assert that the naira is stable.

Nigeria’s Economic Contradiction: Stability at the Top, Volatility at the Bottom

In reality, Nigeria is caught between official proclamations of stability and lived experiences of volatility. The disparity between the CBN’s account and the actual experiences of Nigerians highlights a reality:

-       Macroeconomic changes have failed to convert into improvements in human well-being.

-       Nigeria might appear stable officially. Its citizens are experiencing instability in truth.

-       Taking on debt is increasing

-       Poverty is worsening

-       Manufacturing is contracting

-       Jobs are scarce

-       Authority is breaking down

-       Feelings of insecurity are growing stronger

-       Inflation is undermining dignity

-       Companies are struggling to breathe

-       Capital is escaping

-       Misery, among humans, is expanding

A strong economy is one where advancement is experienced, not announced.

What Genuine Stability Demands

To move from paper stability to real stability, Nigeria must:

1. Support domestic production.  Cut interest rates for manufacturers, reduce borrowing costs, and provide targeted credit.

2. Fix oil production technically. Revamp reservoir engineering, implement surveillance. Allocate resources to adequate technical oversight.

3. Prioritize security. Secure farmlands, highways, and industrial corridors.

4. Reform the power sector. Invest in grid reliability, renewable integration, and private-sector-led transmission.

5. Attract real FDI. Streamline rules, enhance the framework, and maintain consistent policy guidance.

6. Anchor debt on productive projects. Take loans exclusively for infrastructure projects that produce income.

7. Prioritize reforms in welfare. Adopt crisis-responsive, domestically funded safety nets.

8. Improve transparency. Ensure inflation, employment, and reserve data reflect reality.

Stability Is Not Given; It Has to Be Achieved

The CBN Governor’s statement of "renewed stability" is hopeful. It remains unproven. The inconsistencies are glaring, the statistics too. The real-world experiences are too harsh. Nigerians require outcomes, not slogans. Stability is gauged not through statements on policy but by whether:

-       Manufacturing plants are creating (factories operate at full capacity),

-       Food is affordable,

-       Young people have jobs

-       The naira is strong without artificial props,

-       Electricity is reliable,

-       Security is assured,

-       Poverty rates are decreasing.

Unless these conditions are met, Nigeria is not experiencing a period of restored stability. Instead, it is going through a phase of recovery, one that will collapse if the actual economy keeps worsening while decision-makers prematurely applaud their successes. The CBN must rethink its approach. Nigeria needs productive stability, not statistical stability.

Blaise, a journalist and PR professional, writes from Lagos, can be reached via: This email address is being protected from spambots. You need JavaScript enabled to view it.  

By

Ayobami Adedeji Society 2025-12-10

Every November, the world turns its attention to the health and wellbeing of men, an important but often neglected conversation. This year, Access Holdings embraced the moment with renewed purpose, rolling out a comprehensive, groupwide campaign across the African subsidiaries of its Banking Group to promote awareness, early detection, mental nresilience, and community support for men. The month-long activities affirmed that men deserve deliberate care and attention, and the organisations they
work for must help close the empathy gap that too often leaves men to navigate health challenges on their own.
In Nigeria, where Access Holdings and Access Bank’s largest employee population is based, the conversation began with the Under the Tie podcast episode dedicated to
men’s wellness. The session, designed to spark open, relatable dialogue, encouraged male staff to reflect on their physical, emotional, and mental health. The focus on destigmatising vulnerability was deliberate; many men struggle silently with concerns ranging from work stress to family responsibilities and age-related health conditions. To
complement the internal conversation, Access Bank extended the initiative beyond the workplace by organising prostate health screenings for men in Ebute Metta, Lagos in Nigeria. The outreach showed the organisation’s belief that the well-being of the community is deeply tied to the well-being of its people.
Across Ghana, adopted a highly engaging, visibility-driven approach anchored on the global Blue November movement. Thousands of employees participated in a themed dress day where staff wore blue to express solidarity with men and fathers, instantly creating a sense of unity and shared purpose. Wellness education was provided throughout the month, focusing on nutrition, exercise, mental health habits, and early checks that can significantly improve health outcomes later in life. Staff also joined a stimulating session led by Dr. George Bediako Inkoom, whose presentation on preventive health and wellness habits made the medical conversation accessible and practical. Access Bank Botswana approached the month from a mental health perspective, recognising the psychological pressures many men face in both professional and personal environments. With the support of the Bank’s wellness partner, Lyra, male employees attended a candid mental health talk that opened a space for asking questions, seeking clarity, and breaking down the silence often associated with men’s emotional struggles. To complement the serious conversations, Botswana introduced lighter, culturally engaging moments, including a “Spot the Mo-staches” quiz that sparked excitement across the bank. The subsidiary ended the month with a “Wear Blue” day, complete with themed photo backdrops that encouraged teams to share
their experiences and amplify the message of support. In Kenya, the November activities were anchored on visibility, knowledge sharing, and preventive care. Employees wore blue ribbons every Friday throughout the month, a simple but powerful symbol that sparked everyday conversations around the office. The subsidiary later hosted a large-scale International Men’s Day webinar that attracted 276 participants, including customers and colleagues from the National Bank of Kenya. The session focused on prostate cancer, mental wellbeing, and the broader theme of “Celebrating Men and Boys.” It served as a precursor to the wellness checks and prostate screening scheduled with medical teams from Myer Hospital, Supreme Dental, and Parkins Eye. Further south in Rwanda, the subsidiary collaborated with AVEGA Clinic to host a detailed prostate cancer education session for staff. The session was complemented by the production of a simple, informative video that demystified prostate cancer, explained its risk factors, and encouraged men to prioritise early checks. For many employees, the visual format made the subject less intimidating and more accessible, ensuring that the message reached people across different age groups and learning styles.
Guinea delivered one of the highest-engagement campaigns within the Group, weaving together internal and external awareness activities that reached more than 2,400 people. Staff wore blue ribbons every Thursday, creating a visual rhythm throughout the month, and the subsidiary incorporated posters, digital visuals, and targeted communication to ensure that both employees and the public received clear information about men’s health risks, symptoms, and preventive measures.
In Angola, the month was defined by openness and dialogue. Staff were encouraged to wear blue ribbons throughout November, but the true impact came from the intentional
conversations that took place across the organisation. With support from the Bank’s partner Atrevit, the subsidiary focused on building a culture where employees, especially men, felt comfortable discussing health issues that are typically overlooked. Namibia closed out the month with one of the most dynamic and participatory programmes across Access Holdings. The energy in the subsidiary was bolstered by dress competitions, Blue November awareness sessions, a team-building event, and a spirited “Mo Your Own Way in Blue” initiative that encouraged creativity and  camaraderie. The experience culminated in a “Move for Movember” hike, which not only promoted physical activity but also strengthened bonds among colleagues. Across all these markets, the 2025 International Men’s Health Month activities demonstrated the power of a unified commitment to empowering men with knowledge, support, and opportunities to prioritise their well-being.
Organisations like Access Holdings play a critical role in normalising conversations, facilitating access to care, and creating environments where men feel seen and supported.
By bringing together emotional support, medical guidance, social engagement, and community outreach, Access Holdings and its subsidiaries made November a month of impact, reflection, and renewed commitment.

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Ayobami Adedeji Society 2025-12-04

The Minister of Innovation, Science, and Technology, Geoffrey Uche Nnaji, has resigned following allegations of certificate forgery levelled against him.

President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, confirmed the resignation in a statement on Tuesday, saying the President has accepted the Minister’s decision to step down.

According to Onanuga, President Tinubu “accepted the resignation of Geoffrey Uche Nnaji, the Minister of Innovation, Science, and Technology, following some allegations against him.”

He added that “President Tinubu appointed Nnaji in August 2023. He resigned today in a letter thanking the President for allowing him to serve Nigeria.”

Onanuga further quoted the former Minister as saying he had “been a target of blackmail by political opponents.” “President Tinubu thanked him for his service and wished him well in future endeavours,” the statement added.

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Ayobami Adedeji Society 2025-10-07

The Jadiara Royal House of Ijebu Ode has dismissed the claim by the popular Fuji musician and Olori Omooba of Ijebuland, Wasiu Ayinde Anifowose, also known as KWAM 1, that he belongs to the royal lineage.

The family, in a letter dated 7th December 2025, signed by the Olori Ebi, Otunba Prince Akinola Odedina and addressed to the Fuji musician, categorically stated that Wasiu Ayinde “has no genealogical lineage to Jadiara Royal House.”

He explained that the Royal House had patiently waited for him to submit his nomination form, as directed by the Chairman of the Fusengbunwa Ruling House, Otunba Owoseni, to prove his linkage to the family.

Odedina said it became necessary for the royal house to speak on the development, since the issue had become a matter of public interest.

The letter reads, “I have observed with studied silence the event of the past few days concerning the issue pertaining to Otunba Wasiu Ayinde Anifowose and his aspiration to the Awujale stool through Jadiara Royal House

“I can say categorically that Wasiu has no genealogical lineage to Jadiara Royal House.

“The Chairman of Fusengbuwa Ruling House has rightly given him a nomination form to complete expecting him to get his root to Jadiara Royal House authenticated.

“We in Jadiara Royal House have waited for him to show up with his form and whatever documents he may have to prove his linkage to Jadiara Royal House. He is yet to show up 

“It is necessary to release this information because the issue has become a matter of public interest

“The public will be informed as the event unfolds.”

If you recall, the Fuji musician , fondly called K1 De Ultimate, in a letter addressed to the Chairman of Fusengbunwa Ruling House, dated 3rd of December, declared his intention to be considered for the vacant stool of Awujale of Ijebu land.

He stated that his intention was subject strictly to the provision of Ijebu customary law and the Ogun State Chieftaincy laws.

“I was born on the 3rd of March ,1957, and I am a bonafide son of the Fusengbunwa Ruling House of Agunseb Quarters, tracing my ancestry to the Oba Jadiara lineage, which qualifies me to present myself for consideration in accordance with established tradition,” he said.

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Ayobami Adedeji Society 2025-12-09

The twenty-four female students recently abducted from the Government Girls Comprehensive Senior Secondary School (GGCSS) Maga, in Danko/Wasagu Local Government Area of Kebbi State, have reportedly regained their freedom through a non-kinetic approach adopted by the Federal Government.

Reliable Security sources told our correspondent in Abuja on Tuesday in conference that the release of all the kidnapped victims was facilitated through coordinated efforts by officials from the Office of the National Security Adviser (ONSA) and the Department of State Services (DSS).

According to the source, ” the use of a non-kinetic approach, which typically involves dialogue, negotiation, and confidence-building measures rather than military force, underscores the government’s shift toward resolving mass abduction crises through peaceful means.

The abduction of the students, which followed similar incidents in the region, had drawn widespread National and international concern and prompted a decisive operational order from the Chief of Army Staff for troops to intensify search-and-rescue efforts.

The source explained that their successful release was a major relief for the affected families and the community.

No official statement on the development as the time.

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Ayobami Adedeji Society 2025-11-25

History was made,Ibadan, on Friday,26th September,2025,as Oba Rashidi Adewolu Ladoja, is installed as the 44th Olubadan of Ibadan.As earlier enough,it was obvious to the excited people of ibadan,the it was going to be a grand day,with the high volume of,vehicular activities towards the Mapo Hall,venue of the coronation.The volume of those who matter,in Nigeria,who made it to the event,also aptly described eminence of Oba Ladoja,who apart from being a billionaire businessman,is also the only Nigerian,who was a senator,a governor and eventually became a monarch.

The coronation,which was literally hosted by Governor Seyi Makinde,who handed the staff of office,to the new Olubadan,Despite the overwhelming show of love by array of mo

had Governor Adeleke of Osun,former Governors and an array of monarchs,like the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar III;Alaafin Akeem Owoade,Soun of Ogbomosho,Oluwo of Iwo,Olugbo of Ugbo and many more.Oba Ladoja,urged President Bola Ahmed Tinubu,who is the special guest of honour,to create Ibadan State before 2027.

He made the call in his acceptance speech,shortly after receiving the Staff of Office from Oyo State governor, Seyi Makinde.

Speaking in Yoruba, the monarch said, “My people sent me a message to Mr President. Mr President, they said the creation of Ibadan State is their priority.”

Governor Makinde, in his remarks, described the emergence of Oba Ladoja as a source of pride to the ancient city.

He said, “It is a great honour to join in celebrating the coronation and presentation of the Staff of Office to His Imperial Majesty, Oba Adewolu Ladoja, as the 44th Olubadan of Ibadanland. The joy and excitement that fill Ibadan today remind us of the importance of upholding our cherished traditions.

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Ayobami Adedeji Society 2025-09-27