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By Muhammad Aminu

A Kano-based lawyer, Sanusi Umar Sadiq has dragged the Central Bank of Nigeria (CBN) alongside its governor, Godwin Emefele, to a Federal High Court in Kano over currency swap deadline of 31st January, 2023.

Barr Sadiq is asking the Court of his fundamental human rights in line with sections 44 and 46 of the 1999 Constitution, Article14 of the African Charter on Human and Peoples’ Right Act, Laws of the Feederation of Nigeria 2010 Order Rule 2 and 3 of the Fundamenmtal Rights Rule 2009.

He asked the Court to declare that the cessation of the existing N200, N500 and 1000 from being used as legal tender from 31st January 2023 as unlawful and unconstitutional.

The legal luminary contended that the arbitrary stoppage of the existing notes which are largely in circulation will cripple the econmony and further entrench poverty among Nigerians.

“An order of this Honorable Court enforcing the Fundamental Rights of the Applicant as enshrined under and guaranteed by the 1999 Constitution of the Federal Republic of Nigeria (As Altered) and the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act Cap. A9, Laws of the Federation of Nigeria 2010.

“…that it is unlawful and unconstitutional for the Respondents to declare the existing N200, N500 and N1, 000 currency notes, which are currently largely in circulation, as no longer the legal tender of Nigeria by 31st January, 2023.

“…that the abrupt and arbitrary policy adopted by the Respondents to make the existing N200, N500 and N1, 000 currency notes that are widely in circulation now is a threat to national security and inimical to national interest as same will cripple the economy and throw many more innocent Nigerians into poverty.

“…this Honorable Court restraining the Respondents from making the existing N200, N500 and N1, 000 currency notes cease to be the legal tender in Nigeria by 31st January, 2023, which currency notes are the ones largely in circulation now, are the ones issued by the various commercial banks in the country, and are the ones dispensed by the various Automated Teller Machines (ATMs),” the originating motion states.

According to him, he wants the Court to compel the CBN and its governor “to follow and comply with the Global Best Standard Practices for changing currency whereby the old ones are gradually withdrawn from circulation by not releasing them to the public once they get deposited in banks within a reasonable time that shall not be less than six months.”

Barr Sadiq argued that the apex bank has not made adequate preparations or put in place appropriate measures to make the redesigned notes available to the public as the commercial banks across the country, both within the banking halls and via the Automated Teller Machines (ATMs) continue issuing and dispensing the currency notes intended to be replaced until few days to the deadline.

He urged the Court to restrain the Bank else “they will throw the country into an economic chaos and anomie.”

By Faruk Ak Waziri 

Principles are the product of strong convictions and their ability to exert influence on what we do or don’t, how we react, and our behaviour in general. The principle is to a person what a container is to a liquid of a certain mass—like how the shape of water is dependent upon the shape of that which it is contained, a person’s action is often shaped according to their principles.

Principles are moral rules self-imposed upon oneself with the intention to live by them strictly. These rules, to the person following them, function as guides to a particular way of behaving or manner of doing things—they act as instructions as to what a person should consider appropriate or otherwise. One may refuse to entertain an idea, reach an agreement, or take part in an activity whose conditions and terms collide with their self-established moral values—their principles.

Does everyone have principles they follow?

As principles are rules or beliefs individually espoused, they vary between people, and not everyone has or follows them. A principled person is one who insists on behaving in a certain way, usually adhering to a fixed set of rules. An unprincipled person, on the other hand, is unscrupulous—they are fickle and dishonest, often without ethical standards.

Is it important for one to have principles they follow?

While many believe having principles is important, some believe that it is actually not—as to them, they are nothing but self-imposed restrictions that delude a person’s mind always to consider them when going about a previously encountered situation or thing. They believe principles enforce rigidity of approach where flexibility is a better suitor.

Yet despite the above opinion, principles are, however, seen by the majority as tools that facilitate the practice of right behaviour. Since they are formed to act as pillars of morality, principles help the person following them stay on track without deviating from doing what is right and good to what is considered bad and wrong. A person of principles tends to be more rational in choice and judgement than one who is not. As opined by Christopher Charles, “A man without principles is as a ship without a rudder—at the mercy of every wind and wave” 

Is it okay to compromise one’s principles when convenient?

Compromising some of one’s principles in specific circumstances that necessitate doing so is okay, so long as that does not temper with the exercise of justice, honesty, fairness, equity, or integrity or done at the expense of any of the guiding values of life.

To emphasise the importance of having principles, Henri Frédéric Amiel, a nineteenth-century Swiss philosopher, critic, and poet, stated thus: “He who floats with the current, who does not guide himself according to higher principles, who has no idea, no convictions-such a man is a mere article of the world’s furniture-a thing moved, instead of a living and moving being-an echo, not a voice.” 

Faruk Ak Waziri writes from Misau and can be reached via farukakwaziri019@gmail.com.

By Umm Khalid

Playing singles means you are playing by yourself with no one else on your team. You face off against another individual opponent. I found playing singles easier because it was simple: I knew that every ball that comes over the net was my responsibility. No one else was there to share the responsibility with. Playing a singles game is straightforward. One on one.

But it is exhausting. Every ball is your responsibility. There’s no one to help you, no partner to get the balls you can’t reach, no one to back you up. You have to run back and forth to cover the length and width of your side of the court by yourself.

Playing doubles tennis, on the other hand, means you have a partner and the two of you are a team facing off against another team of two. You and your teammate work together to hit the ball back over the net, so each of you has fewer balls to hit, less court space to cover.

But I hated it because it’s very easy to lose when you play doubles. Very often, the ball comes sailing right between the two of you as both of you look, startled, at one another and neither person hits the ball.

The first person assumed that the second was going to get it, and the second person assumed that the first person was going to get it. Neither gets it, and the ball bounces off the court and you lose the point.

Continue playing like this, and you lose the game, the set, and the match. You walk off the court, defeated and disappointed.

Marriage is a little like playing doubles tennis. The only way to win is to have well-defined tasks and to communicate CLEARLY with your partner. The two of you must coordinate so that nothing falls through the cracks. Each person knows exactly what he or she is going to cover. You know you’re on the same team and that you’ve got each other’s back–but you still need to talk about who’s going to do what and what your expectations are and ask for help when you need it.

To have a good marriage, the husband and wife need to work together like a well-oiled machine.

It is, of course, challenging to work so closely with another person, to coordinate tasks, to divide labor evenly based on each person’s strengths.

This is why many modern women prefer to just play singles games, living the single life without the hassle of being on a team or dealing with another person.

But living that single life is exhausting and lonely. Sure, you don’t have to work things out with anyone else and can do things all by yourself…but… you are all by yourself.

Marriage is a joint effort for the sake of Allah, a combined struggle of both the husband and the wife to build and maintain a strong Muslim family. The husband and the wife are a team: they each have clearly-defined assigned roles, but they also don’t hesitate to lovingly step in to help one another if it’s needed.

If you play it right, you can reap all the benefits of playing doubles tennis without the drawbacks.

Make sure that you:

1. Have a clear division of labor, so each person knows which side of the tennis court they’re responsible for. In marriage, we call this gender roles.
2. Communicate clearly, so no points are lost due to each person expecting the other to hit the ball. In marriage, the husband and wife have to communicate effectively with each other to decide which non-obvious tasks fall under whose domain so that all tasks are covered.
3. Ask for help if you need it, so that unlike in a singles game, your doubles partner can bail you out or back you up if you try to hit your ball but miss. In marriage, each spouse has a well-defined role, but one of the beauties of marriage is the ability to ask your spouse for help if you need help. Marriage is a soft, loving relationship between a man and a woman who have love and mercy for one another. You have someone who will willingly step in to carry your load on the days you find it to be too heavy, until you get back on your feet.
4. Be a team player, not selfish, self-centered, or negligent of your role. In our modern age, hyper-individualism has made many people selfish and narcissistic, putting themselves and their own individual whims above the needs of the group or their role in the collective. When you play selfish, whether in tennis or in marriage, you lose.

May Allah bless our marriages, our homes, and our families, ameen.

By Aisar Fagge

There has been a remour in circulation that President Muhammadu Buhari will commission the Dangote Refinery during his visit to Lagos state.

However, the Management of Dangote Industries Limited debunked the widespread romour, noting that the information was entirely misleading.

The Chief of the Group, Anthony Chiejina, made this disclosure in a statement he signed and issued to journalists.

The statement reads; “Our attention has been drawn to some misleading reports regarding the commissioning of our Dangote Refinery during the present working visit of President Muhammadu Buhari GCFR to Lagos State.

“We want to state categorically that our 650,000 barrels per day (bpd) Refinery project was never part of the President’s programme on projects to be commissioned.

“For the record, the projects slated for commissioning in Lagos State by President Muhammadu Buhari GCFR include: Lekki Deep Sea Port; 32-Metric Tonnes Lagos Rice Mill, Imota; 18.75km Eleko to Epe T Junction Express road; John Randle Centre for Yoruba Culture and History, Onikan, Blue Line Rail (Phase 1) commissioning (Marina to Mile 2); Groundbreaking for the Blue Line Rail Phase 2 (Mile 2 to Okokomaiko), and MRS Lubricant, a private project in Apapa.

“However, our Refinery will be commissioned before President Muhammadu Buhari GCFR formally leaves office in May, 2023, and the public will be duly informed and invited to the epic event,” the statement concluded.

By Muhammad Sabiu

The Nigerian Senate has urged the Central Bank of Nigeria, CBN, to extend the window for exchanging old Naira bills from January 31 to May 31, 2023.
 
Sen. Sadiq Umar of the APC from Kwara North originally moved for an extension until July 31 because he was concerned about the apex bank’s insistence that there would be no such extension.
 
Recall that the CBN declared in October of last year that the old naira notes will no longer be accepted as legal money as of January 31.
 
However in December, the Senate approved a resolution asking the CBN to extend the deadline to June 30.
 
Umar introduced the motion, saying that the Senate had asked that the CBN extend the use of the old notes from January 31 to June 30, 2022, but the central bank had insisted on the January deadline.
 
Lamenting the situation, the lawmakers noted that there aren’t enough fresh naira notes in circulation.
 
He was quoted as saying: “Experiences around the world have shown that such abrupt decision if not controlled usually created chaos.
 
“The Senate should extend the use of the old notes to July 31,” he said.
 
Also lamenting is Sen. Biodun Olujimi (PDP-Ekiti) who urged the apex bank to “look away from the elections” after noting that 90% of people in her local government area have not even set their eyes on the new naira notes.

By Yakubu Sani Wudil, PhD

During the last three and a half years, Nigeria’s Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami—a digital dynamo—has demonstrated quality in leadership and has raised the bar of good governance in the country. Specifically, the Digital Economy sector has come to the limelight under his stewardship.  Since his assumption into office, he has become the champion of Nigeria’s digital revolution.

Prof. Pantami has exhibited exceptional leadership skills in driving the Communications and Digital Economy sector to record several unprecedented achievements. His leadership has not only escalated the sector’s quarterly revenue generation by more than 500 per cent due to his digital innovations but also played a pivotal role in lifting the Nigerian economy out of recession.

Under his watch, the Digital Economy sector has multiplied the revenue generated from fifty-one billion Naira quarterly to about four hundred and eight billion Naira, according to an independent assessment carried out by the Foreign, Commonwealth & Development Office (FCDO). On the other hand, the ICT sector recorded the highest growth rate in the year 2022, as reported by the National Bureau of Statistics.

From the onset, Professor Pantami has identified eight priority areas for development: developmental regulation, digital skills, solid infrastructure, service infrastructure, digital services development and promotion, soft infrastructure, digital society and emerging technologies, and indigenous content development and advancement. The Minister has done exceptionally well in these areas by implementing policies and projects that have significantly impacted the Nigerian economy.

For instance, he has established ICT skill acquisition centres across the states and has recorded over 219,000 direct beneficiaries of digital skills training. Additionally, he has laid about 19 kilometres of fibre cable to expand reach and coverage to MDAs (covering 28 MDAs). Furthermore, he has established digital economy centres to support the growth of the economy in the country. He has also developed policies and initiatives to promote indigenous content and created an enabling environment for the sustainable development of Nigeria’s economy, which has been able to resolve challenges that have lingered for decades.

Under Professor Pantami’s leadership, a significant number of National Policies have been developed. Currently, over a dozen of these policies are already being implemented, one of which is the National Digital Economy Policy & Strategy 2020-2030, which sets out a comprehensive plan for the growth and development of the digital economy in Nigeria.

The Minister has also executed several projects, too numerous to mention, which have significantly impacted the Nigerian economy. Nevertheless, some of these projects include the establishment of ICT skill acquisition centres in most of the states, registration of all mobile sim cards, emergency communication centres, virtual examination centres, Data Sharing Centres, Digital Industrial Parks, Wireless Internet Cloud, Digital Capacity Training Centres, NITDA Community IT Training Centres, IT Innovation Hubs, IT Capacity Building Centres, and Provision of ICT Facilities in our Institutions of learning.

In his effort to transform governance to the 21^st-century model, the minister has established the E-Government Training Centre to equip stakeholders with the necessary skills to achieve optimum productivity. He also constructed several E-Health Facilities, E-Libraries, and E-Accessibility Projects. Furthermore, the minister has coordinated the establishment of multiple Community ICT Centres, NIPOST Digital Centre, Tertiary Institution Knowledge Centres, School Knowledge Centres, Rural Broadband Initiatives, National Centre for Artificial Intelligence and Robotics. He also empowered Farmers through the National Adopted Village for Smart Agriculture Program.  The Accelerated Mobile Phone Expansion-Base Transceiver Station was also accomplished under his watch.

Furthermore, to complement the efforts of security agencies in ensuring adequate National security, there have been over 92 million unique National Identification Number enrolments as of November 2022.  These achievements are a testament to the hard work and dedication of Professor Pantami, who has been tireless in his efforts to drive the digital revolution in Nigeria.

It is worth acknowledging that President Buhari must be commended for the wise decision to appoint Professor Pantami as the Minister of Communications and Digital Economy. He is one of the best-performing ministers in the cabinet and has succeeded in delivering on his mandate to the Nigerian people. The country needs more brains like him to drive the nation’s development and ensure that we can compete on the global stage.

As we look to the future, it is clear that Professor Pantami has the ability and vision to continue to drive the growth and development of Nigeria’s Communications and Digital Economy sector. The erudite scholar has distinguished himself for integrity and selflessness. In addition, he has been a worthy ambassador for Nigeria’s young population.

We pray that he will have the opportunity to serve the country in many capacities and higher positions in the future. His leadership and expertise are vital to the continued progress of our nation. The policies and projects executed under his leadership have significantly impacted the Nigerian economy and have laid the foundation for a sustainable future in the sector.

Dr Yakubu Wudil writes from King Fahd University of Petroleum and Minerals, Saudi Arabia, and can be reached via yswudil@yahoo.com.

By Aliyu Nuhu

Here is the use and advantages of foreign reserve currencies for nations that take their economy serious and have development and growth of their nations in mind.

First, countries use their foreign exchange reserves to keep the value of their currencies at a fixed rate. A good example is China, which pegs the value of its currency, the Yuan, to the dollar. When China stockpiles dollars, that raises its value when compared to the Yuan. That makes Chinese exports cheaper than American-made goods, increasing sales.

Second, those with a floating exchange rate system use reserves to keep the value of their currency lower than the dollar.

They do this for the same reasons as those with fixed rate systems. Even though Japan’s currency, the Yen, is a floating system, the Central Bank of Japan buys U.S. Treasuries to keep its value lower than the dollar. Like China, this keeps Japan’s exports relatively cheaper, boosting trade and economic growth.

A third, and critical, function is to maintain liquidity in case of an economic crisis. For example, a flood or volcano might temporarily suspend local exporters’ ability to produce goods. That cuts off their supply of foreign currency to pay for imports. In that case, the central bank can exchange its foreign currency for their local currency, allowing them to pay for and receive the imports.

Similarly, foreign investors will get spooked if a country has a war, military coup, or other blows to confidence. They withdraw their deposits from the country’s banks, creating a severe shortage in foreign currency. This pushes down the value of the local currency since fewer people want it. That makes imports more expensive, creating inflation. The central bank supplies foreign currency to keep markets steady. It also buys the local currency to support its value and prevent inflation. This reassures foreign investors, who return to the economy.

A fourth reason is to provide confidence. The central bank assures foreign investors that it is ready to take action to protect their investments. It will also prevent a sudden flight to safety and loss of capital for the country. In that way, a strong position in foreign currency reserves can prevent economic crises caused when an event triggers a flight to safety.

Fifth, reserves are always needed to make sure a country meets its external obligations. These include international payment obligations, including sovereign and commercial debts. They also include financing of imports and the ability to absorb any unexpected capital movements.

Sixth, some countries use their reserves to fund sectors, such as infrastructure. China, for instance, has used part of its forex reserves for recapitalizing some of its state-owned banks.

Seventh, most central banks want to boost returns without compromising safety. They know the best way to do that is to diversify their portfolios. That’s why they’ll often hold gold and other safe, interest-bearing investments. 

How much are enough reserves? 

At a minimum, countries have enough to pay for three to six months of imports. That prevents food shortages, for example. Another guideline is to have enough to cover the country’s debt payments and current account deficits for the next 12 months. In 2015, Greece was unable to do this. It then used its reserves with the IMF to make a debt payment to the European Central Bank.

If Nigeria had been a prudent nation we should be having $900bn as our foreign reserve by now, and according to world bank, a Naira will exchange Dollar one for one.

But look at us. We neither have robust national saving, nor an infrastructure to show for the money we earned. A wasted nation. Aliyu Nuhu is a renowned social commentator on African affairs. He writes from Abuja, Nigeria.

By Uzair Adam Imam

Reports from Bauchi State indicate that at least four people were murdered when gunmen attacked a community in Tafawa Balewa Local Government Area of the state.

It was gathered that, during the attack Sunday, the gunmen abducted one person and left another person critically injured.

The Bauchi State Police Public Relations Officer, Ahmed Wakili, confirmed the attack in a statement he issued to journalists.

He stated, “On receiving the report, detectives of the command were drafted to the scene led by the DPO Tafawa Balewa Divisional Police Headquarters evacuated the victims to the Tafawa Balewa General Hospital for medical treatment.

“Unfortunately, four victims were certified dead by the medical doctor, while one person sustained various degrees of injury during the attack,” he stated.

Wakili added that the Commissioner of Police, Aminu Alhassan, has directed a discreet investigation to arrest the perpetrators of the act and bring them to justice.

By Muhammad Sulaiman Abdullahi, PhD

Dr Rabiu Musa Kwankwaso’s NNPP has seemingly become the nightmare of many politicians in the Northern and Southern parts of Nigeria. This is simply because many Nigerians are not truly yearning for a better country.

Some Southern press, especially those who used to set the agenda for the country years ago, downplay Kwankwaso’s candidature and deliberately omit, ignore and replace Kwankwaso’s more prominent and more formidable party with someone who is not known beyond Twitter in their coverage.

The Southern press may be scared of Kwankwaso due to several reasons. These could be myopia, tribalism, regionalism, and religious mischief. Yes! I agree that Atiku Abubakar of the PDP and Asiwaju Bola Tinunbu of the APC may be considered as forefront candidates in some contexts. Thus, they may be regarded to be above Kwankwaso in terms of age, venturing into national politics, and political spread but nothing more.

Kwankwaso is naturally ahead of them in terms of integrity, health, foresight, political sagacity and shrewdness, and above all, the love and commitment towards the development of Nigeria. Moreover, his academic credentials are higher than all those who are contesting.

Furthermore, the Southern press thought they could do as they wished without being noticed. So, they cunningly choose to propagate one Yoruba (Tinubu), one Hausa (Atiku) and Peter Obi (Igbo). The latter cannot even publicly and unambiguously condemn the IPOB secessionists’ evil atrocities. Does he even believe in one indivisible Nigeria himself?

The Southern press is not alone in this mischief and tribalism. Some Northern writers who are, to some extent, their puppies and puppets downgrade Kwankwaso and fail to point out a single reason. They even tag him as a local champion. What is bad in being a local champion? All champions should be local, otherwise they don’t have any base.

If you check newspapers, both print and online, such as Vanguard, the Guardian, Punch, Premium Times and the likes, they are at the forefront of this amateur journalism. How can someone be so glaringly subjective in their journalism to the extent that even a blind can see? What kind of a country is this? Are they not aware of Kwankwaso’s credentials and positive antecedents? Are they unaware of how Kwankwaso transformed and developed Kano rapidly? How on earth can you compare Kwankwaso to all those contesting if someone is sensible and objective in his assessment? Most of them are either tribalistic or looking for big brown envelops filled with foreign currency.

These Southern press are not helping matters and are not objective. They are so divisive and tribalistic. To borrow from Orubebe’s outrage when he intended to save the nation from the ongoing catastrophe this Buhari-led government brought, while referring to Jega, he said: You are tribalistic. You are myopic, and we can’t take it!

Finally, the Southern media has achieved much in their agenda-setting warfare. Even some international media outlets borrow a leaf from them and mention Atiku, Tinubu and the other Igbo guy and, conspicuously, leave out Kwankwaso.

However, suppose we are to be sincerely and patriotically fair, let us put all the leading contenders on a scale of preference which is based on capacity and capability and see what happens. In that case, Kwankwaso is the best, followed by the Igbo man, and then Atiku while Tinunbu comes last. At least if they are to be objective, we have four leading contenders and not three, as they are falsely portraying.

Our votes are for Kwankwaso. And he will surely get more than many corrupt contenders and will win the presidential elections.

Muhammad Sulaiman Abdullahi, PhD, wrote from Kano. He can be reached via muhammadunfagge@yahoo.com. @muhammadunfagge.

By Muhammad Muzdaleefa

Being a student of diplomatic history, I have been following the poverty eradication campaign in China for years. It is a shame that Western media have decided to bash it as Chinese propaganda instead of looking at the take away lessons that can be applied globally with necessary adjustments for sustainable growth and development.

The way China has been going through this issue is very methodical and practical. They have a clear standard of living which they are working hard to ensure it is universally achieved. In other words, they create a world where everyone has a smooth path to realize their dreams and ensure no one is left behind. This is very different from the competitive capitalist system practiced in the West where everyone is obsessed with being ahead of the other.

The Chinese have used very simple ideas. These include the following;

1. Housing – The Chinese model is ensuring everyone has adequate and decent housing. Those with poor housing have had their houses reconstructed or relocated to new houses.
2. Income – The Chinese have ensured everyone has a sustained income source that elevates them above the poverty line. This has been through implementation of various income generating projects based on local needs and environment.

In one example, some farmlands where farming was ecologically harmful were turned into a forest. The former farmers were then employed as forest guards. Another example is where some villages were helped to establish solar power plants from which they earn incomes.

3. Education – The Chinese model states that education is the best way to stop transmission of generational poverty. As a result they have implemented a system which has resulted in zero school dropout cases. Some 8 million youths who had dropped out of school at various levels have been taken through vocational training.
4. Health – Unhealthy people can’t fight poverty. They are people who are consigned to poverty due to treatable health issues. China has worked to ensure affordable healthcare in order to ensure that no person falls back to poverty dues to illness. The response of the Chinese government sequel to the outbreak of Coronavirus pandemic was admired throughout the world.

To achieve the above the following foundational issues are critical;

1. Household targeted poverty eradication – a census of poor people was conducted which identified every household defined as poor. This bottom up approach is key because you cannot eradicate poverty until every household has been lifted from poverty. The household is the epicentre of poverty.
2. Planning and involving people – after the poor are identified, detailed planning is undertaken and the people are involved in coming up with solutions to eradicate poverty.
3. Clear goals – the officials are expected to come up with practical goals and realistic timelines. In one case where officials had set lofty and unrealistic targets President Xi Jinping emphasized that for the battle against poverty to be won there should be no procrastination or impatience.
4. Measurement and independent evaluation – countries that claim to have eradicated poverty have to apply for removal from a list of countries that still have people living in poverty. Such an application is followed by independent verification. Evaluators are sent to verify the claims and they are supposed to visit each household without being accompanied by the village officials. Countries that fail to pass the evaluation have to continue with poverty eradication work.

In conclusion, eradicating poverty is not rocket science. Simple, practical and realistic steps are needed. Most importantly, a visionary, selfless and committed leadership must be in place for this to work effectively. 2023 is a good opportunity for Nigerians to elect capable, dependable and reliable leaders that will not only address the critical needs of Nigerians but will put the country on the path of sustainable growth and development for the contemporary generation and posterity.