Economy

By Nasiru Ibrahim

In Nigeria, government policies to improve the economy often fail to serve the broader population. Instead of addressing systemic issues, these policies often become tools for political favouritism, corruption, and inefficiency, benefiting only a few. This results in greater inequality, inefficiency, and social unrest, leaving millions of Nigerians struggling.

The critical question is: Are these economic problems not necessarily created by private organisations enough to justify applying the Keynesian model in developing countries like Nigeria?

We need to examine Nigeria’s economic realities in light of Keynesian theory to answer this. While the theory suggests that government intervention can correct market failures and stimulate growth, such interventions often exacerbate the problems they aim to solve in Nigeria. By comparing Nigeria’s situation to Keynes’s assumptions, we can determine whether government intervention is more of a curse than a blessing.

Keynesian Economics and Nigeria’s Reality

Keynesian economics is based on several assumptions: income, employment, output, money supply, and investment. Let’s break down how these assumptions fare in Nigeria’s context:

Money Supply and Interest Rates: Keynes argued that an increase in the money supply reduces interest rates, which should increase investment, income, output, and employment. In theory, this should stimulate economic growth. However, in Nigeria, despite the Central Bank of Nigeria (CBN) increasing the money supply, interest rates remain high, and inflation continues to rise. This inflationary pressure discourages investment and undermines businesses, many of which struggle to survive.

Effective Demand and Unemployment: Keynes suggested that unemployment is caused by a deficiency in effective demand, which typically occurs during the downward phase of the business cycle. However, Nigeria’s unemployment crisis is not cyclical but structural, stemming from insufficient capital formation and inadequate resources. Even during periods of economic growth, unemployment remains high, revealing deeper systemic issues than those addressed by Keynes’s theory.

Investment and Marginal Efficiency of Capital (MEC): According to Keynes, investment depends on the MEC, which is determined by the expected return on investment. In Nigeria, the MEC and actual investment remain low, primarily due to instability, poor infrastructure, and weak institutions. The lack of investor confidence further hampers growth.

Saving and Consumption: Keynes viewed saving as detrimental to economic growth, as it reduces consumption, which affects income and employment. In advanced economies, excessive saving may reduce demand, but the opposite is true in Nigeria. Saving is necessary for capital formation, yet savings rates are already low. Nigerians spend more than 80% of their income on consumption, limiting capital available for productive investment.

The Role of Foreign Trade: Keynes’s model was based on a three-sector economy (households, firms, and government), while Nigeria operates a four-sector economy, with foreign trade playing a significant role. Imports and exports, especially of crude oil, heavily influence national income and economic performance. However, Nigeria’s dependence on imports and volatile oil prices highlights the vulnerability of its economic structure.

Government Intervention: A Curse or a Blessing?

Government intervention can either benefit or harm an economy. However, history suggests that government intervention has primarily been a curse in Nigeria. The country’s interventionist policies have been marred by chronic corruption, policy inconsistency, weak institutions, and political patronage, leading to inefficiency and social harm.

Several examples illustrate the disastrous impact of government policies:

The Anchor Borrowers Programme: In 2023, the CBN admitted that over 76% of the loans disbursed under the Anchor Borrowers Programme had not been repaid. The scheme, designed to support farmers, became riddled with corruption. Many recipients were political loyalists without agricultural expertise, undermining the program’s effectiveness and inflating public debt.

Misuse of Public Funds: In 2020, a leaked memo revealed that over ₦81 billion was paid out through fake contracts to party loyalists, with no actual work being done. This wasted public funds that could have been invested in schools, hospitals, or infrastructure, further deepening the nation’s economic woes.

Ghost Workers in Kogi State: Over 3,000 ghost workers linked to political patronage were discovered on Kogi State’s payroll. These fictitious workers were paid salaries meant for public service, siphoning funds away from essential government services.

Political Patronage in Government Programs: Programs like TraderMoni and SURE-P, initially aimed at alleviating poverty, were instead used to reward political supporters during election periods. In 2019, around ₦10 billion was distributed under TraderMoni, with no clear records of repayment or follow-up, reducing the program’s ability to address real economic problems.

The Power Sector Crisis: Nigeria’s power sector remains in shambles despite spending ₦2 trillion in bailout funds since 2015. Many areas receive less than 8 hours of electricity daily, forcing businesses to rely on expensive generators, which increases their operational costs and deters potential investors.

The 2019–2021 Border Closure: The government closed borders to combat smuggling and encourage local farming. However, this policy led to soaring food prices—rice, for instance, increased from ₦15,000 to over ₦27,000 per 50kg bag. The policy also harmed small traders and businesses, exposing the fragility of Nigeria’s local production capabilities.

The Mismanagement of COVID-19 Funds: During the COVID-19 pandemic, the government allocated over ₦500 billion for palliatives, but many Nigerians, especially in rural areas, saw no relief. In some cases, food items meant for distribution were found rotting in warehouses, while the funds disappeared without adequate documentation.

The Ajaokuta Steel Company: Over $8 billion (approximately ₦12 trillion) has been spent on the Ajaokuta Steel Company since the 1970s, yet the facility remains non-operational. Despite its potential to transform Nigeria’s industrial landscape, it has become a symbol of inefficiency and political exploitation.

Foreign Exchange Crisis: The mismanagement of Nigeria’s foreign exchange policy has led to multiple exchange rates, fueling corruption and economic instability. The naira now trades at over ₦1,600 to the dollar, creating further challenges for businesses and pushing more Nigerians into poverty.

NNPC Report (2022): The Nigerian government spends ₦6 trillion annually on fuel subsidies, which mainly benefit the wealthy and fuel importers. This massive amount could have been used to improve critical sectors like healthcare, education, or infrastructure. Instead, it adds to Nigeria’s debt and fuels inflation, making life harder for ordinary Nigerians and slowing economic growth.

National Social Investment Programme (2021): Programs like the N-Power initiative, which aimed to tackle unemployment, have been poorly managed. Despite billions allocated, only about 5 million people benefited by 2021, and many faced delays in receiving payments. The program failed to meet its objectives, wasting public funds and doing little to address Nigeria’s unemployment crisis.

EFCC Report (2020): Corruption remains rampant. The government loses ₦500 billion annually due to corrupt procurement deals. These misappropriated funds could have been used to improve infrastructure, healthcare, and education, yet they enrich a few, further deepening inequality.

World Health Organisation Report (2021): Despite allocating ₦100 billion annually for healthcare, only 30%  is used for healthcare services. Much of it is lost to corruption or mismanagement, leaving Nigeria’s healthcare system underfunded and unable to meet the population’s needs, which worsens the economy’s overall productivity.

Federal Ministry of Agriculture Report (2021): Over ₦50 billion was meant to support farmers, but due to corruption, most of this money never reached those who needed it. As a result, agricultural productivity remains low, food prices rise, and the country struggles with food insecurity, exacerbating inflation.

Petroleum Industry Bill (2021): Delays in implementing the Petroleum Industry Bill have cost Nigeria ₦2 trillion in potential revenue. Failing to reform the oil sector has discouraged foreign investment, leaving Nigeria more dependent on oil exports and vulnerable to fluctuating global oil prices.

PIB Implementation Report (2021): The government has repeatedly delayed reforms to the petroleum sector, costing Nigeria about ₦2 trillion in lost revenue. This delay has hurt the oil industry and discouraged foreign investment, contributing to economic instability.

The Path Forward: Making Government Intervention Effective

For government intervention to be a true blessing, it must be transparent, effective, and focused on the long-term interests of the nation. Here’s how Nigeria can reverse the curse of misguided interventions:

Tackle Corruption: Hold government officials accountable for misused funds. Ensure that contracts are transparent and traceable.

Boost Local Production: Support farmers, manufacturers, and small businesses with affordable credit, reliable power supply, and the necessary tools to succeed.

Fix the Forex Crisis: Diversify exports, improve domestic production, and establish a unified exchange rate to stabilize the currency.

Create Sustainable Jobs: Focus on creating employment in agriculture, technology, and manufacturing—sectors that offer long-term growth, not temporary handouts during election periods.

Reduce Wasteful Spending: Cut unnecessary expenditures and focus on essential sectors such as healthcare, education, and infrastructure.

Stabilize Policies: Implement long-term economic policies that provide certainty and build trust among businesses and investors.

Strengthen Institutions: Ensure that institutions like the Central Bank of Nigeria (CBN) and the Nigerian National Petroleum Corporation (NNPC) function efficiently, regardless of political changes.

Invest in Power: Improve the power sector to reduce costs for businesses and encourage investment.

Promote Value-Added Exports: Move beyond raw material exports and focus on producing finished goods that earn Nigeria more revenue on the global market.

Involve the People: Engage citizens in decision-making processes and use data-driven approaches to inform policy.

Conclusion

For Nigeria to thrive, its government must rethink its approach to intervention. Instead of using economic policies as tools of patronage, it should focus on policies that genuinely stimulate growth, reduce inequality, and improve the lives of Nigerians. Only then can government intervention become a true blessing, rather than a curse.

Ibrahim is a graduate of the Department of Economics from Bayero University, Kano, and writes from Jigawa.

By Muhammad Abubakar

Nigeria has officially cleared its outstanding debt to the International Monetary Fund (IMF), marking a significant milestone in the country’s economic recovery efforts. This development follows a series of substantial repayments totalling $1.22 billion between the fourth quarter of 2023 and the second quarter of 2024, reducing Nigeria’s IMF debt from $3.26 billion in June 2023 to $1.16 billion by June 2024.

The IMF has acknowledged Nigeria’s commitment to meeting its financial obligations, noting that the country has no overdue payments as of April 30, 2024. This achievement reflects the government’s dedication to fiscal responsibility and economic reform.

In a statement, IMF First Deputy Managing Director Gita Gopinath commended Nigeria’s efforts, stating that the country’s debt level is “moderate and not high risk,” provided that sound economic policies are maintained. She emphasised the importance of continued domestic revenue mobilisation and targeted social interventions to sustain this progress.

Nigeria’s Finance Minister, Wale Edun, highlighted the government’s initiatives to enhance social investment programmes and strengthen domestic resource mobilisation through tax reforms and digitalisation. He also noted increased crude oil production, significantly boosting national revenue.

This financial turnaround positions Nigeria to engage more robustly with international financial institutions and investors, potentially attracting increased foreign investment and fostering economic growth.

The successful clearance of IMF debt underscores Nigeria’s commitment to economic stability and sets a positive precedent for other nations facing similar challenges.

By Dr. Muhammad Sulaiman Abdullahi

There are some few, effortless and simple things, which I have already assured myself that, if they are not confronted and solved squarely and completely in Nigeria, we should all continue to consider Nigeria as a joke. In other words, if the Nigerian rulers and the ruled are unable to solve these simple managerial crises, we should all forget about anything development and continue to wallow in our self deception mode. On these issues, I have assurance but I remain to be corrected. They are only four (4) simple things, among others;

1) Fixed date for the payment of salary: this doesn’t mean that, salaries should be paid on 24th, 25th… it should be paid on whichever day chose!n by the government. However, one thing must be considered, that’s FIXING a specific date for that purpose. Salary is something that must be paid, then, why this deceptive and unorganized approach? Right now that I am talking to you, many workers haven’t received their pay for April, and May is already on.

For Nigeria to even start thinking of development, workers must be truly and carefully considered. Their rights must be paid on time, because, as they say, it is not a privilege. If the government likes, let it pay it on 30th of each month, or even make every month to contain 31 days and pay it on the 31st. Let’s have a fixed date please. If not, let’s take the police for instance. A police may not know when to get his salary for risking his entire life to protect people; however, he is sure, he can be bribed by the poor through corrupt ways. How can you deny him something that he is certain about with an uncertain? This penetrates deeper into every sector.

2) Respecting time: one of the cantankerous evil that people abuse all the time. It comes to the extent that responsible people would call for a meeting and say 4pm, but deep down in their mind they know the meeting would start by 5pm. If you ask them why, they would say people would not come on time. I use to be confused on this. So in Nigeria we respect late comers more than how we respect punctual people! We give them extra time and we don’t mind those who come on time. They, their punctuality and the respect they give to time should all go to hell. Unless we change this attitude, we will never do it right.

If you want to fight with (responsible) Nigerians insist on punctuality. Many of us, including leaders fail in this respect.

When we are in Nigeria, we hardly do official things on their respective timing. But when we go elsewhere we keep to time. Therefore, it is obvious that the problem is from us and we can easily adjust if we know there is repercussions.

3) Scheduling the epileptic power supply: distribution must be scheduled and properly planned. We are not even talking about standard supply, we are talking standardizing the supply of the short one we get. The little we have must not be given at random. People are entitled to know when they should expect the little light. Let it be 10:20am-11:20am on Wednesdays? Saturdays and Sundays nights? Two hours every day? When? All these must be planned and relayed to the payers if we are not jokers! This electric power people switch on and off at their will and we pay for the rubbish.

4) The National Carrier: this is bigger than us due to corruption. We should have a National career at least for our internal development. There are so many countries around the world especially in Africa which Nigeria and Nigerians underrate and undervalue, however, they have their Sudan, Ethiopian, Mali, Malawi, airlines, but the so-called giant of looting rely on ants for its air transport survival. This is a mischief of the highest order.

5) The over dependence and over reliance on dollar. Mark what I say, overdependence! Nigeria can use dollar. This is one of the obvious weaknesses which many people have agreed to live with, especially the Nigerians. However, the overdependence is alarming! Almost every individual in Nigeria, big or small, knows about dollar. Nigeria should learn to uplift its currency and leave dollar alone. Even ordinary people now know how to hoard dollar at the expense of the economic development of the nation. The bigger you are the more detached you are from using Nigerian currency. Kobo, 1 Naira coin have all gone into extinction physically but they are still there in our calculations. Now Tinubu’s government has made 5, 10 and 20 naira notes valueless and meaningless. They look so ugly to be touched by a clean hand.

There are so many other simple things which you can help to count. In other countries they are not even remembered because they are subconsciously arranged for over hundred years. But in Nigeria, we are still battling with something which can be corrected in two months. In Nigeria we face price hikes, lack of infrastructures, no medicines, no qualitative education, no good roads and no nothing….. You can continue counting our lacks, they are so many. However, the above mentioned five things are very simple, they can be corrected with a simple verbal order, without putting much money and effort. May Nigeria be great soon!

Muhammad Kano
May day 2017

NB: This was written in 2017, with little correction now but nothing much has changed.

Innā li-Llāhi wa-innā ilayhi rājiʿūn.

The passing of Prof. Khurshīd Aḥmad marks the end of an era in the intellectual development of contemporary Islamic thought, particularly in the fields of al-Iqtiṣād al-Islāmī (Islamic economics) and al-Mālīyyah al-Islāmiyyah (Islamic finance). 

A polymath, visionary, and tireless reformer, Prof. Khurshīd Aḥmad was one of the most distinguished Muslim thinkers of the 20th and 21st centuries. His scholarship, activism, and public service bridged the worlds of theory and practice, faith and governance, tradition and modernity.

Born in Delhi in 1932 and later migrating to Pakistan following the partition, he pursued higher education in economics and law. He eventually earned a Master’s in Islamic Studies and a PhD in Economics from the University of Leicester, United Kingdom. He was not merely an academic in the conventional sense; he was an intellectual activist whose writings and public engagements profoundly shaped the global discourse on Islam and economic justice.

His Legacy in Islamic Finance

Among his many contributions, Prof. Khurshī Aḥmad’s most outstanding intellectual work in the field of Islamic finance is arguably his foundational role in articulating and systematising the theoretical framework of an Islamic economic order, particularly through his seminal work: Islam: Its Meaning and Message (edited by Khurshīd Aḥmad, first published 1976).

This edited volume contains his essay  “The Islamic Way of Life”, which not only presents the ethical foundations of Islam but also outlines the spiritual, social, and economic dimensions of Islamic governance.

More specifically related to economics is his earlier and pioneering treatise: Islamic Economic System: A Socio-Economic and Political Analysis (1970). This work laid down the theoretical underpinnings of al-Niẓām al-Iqtiṣādī al-Islāmī and served as a cornerstone for the subsequent emergence of Islamic banking and financial institutions.

In Islamic Economic System, Prof. Khurshīd Aḥmad delineates a clear moral and functional distinction between the capitalist, socialist, and Islamic paradigms, advocating a system well entrenched in tawḥīd, ʿadl, and mashwarah.

He was also instrumental in the formation of the International Institute of Islamic Economics (IIIE) at the International Islamic University, Islamabad. He advised several governments and Islamic financial institutions in conceptualising and implementing Sharīʿah-compliant economic policies. His influence continues to shape policies in countries like Pakistan, Malaysia, and Sudan, and in global institutions such as the Islamic Development Bank (IsDB).

Prof. Khurshī Aḥmad’s intellectual legacy transcends geographical and disciplinary boundaries. He championed a vision of Islamic economics and finance not merely as an alternative system but as a holistic worldview embedded in divine guidance and aimed at achieving justice, equity, and human dignity.

May Allāh (Subḥānahu wa Taʿālā) forgive his shortcomings, reward him with Jannah al-Firdaws, and accept his works as ṣadaqah jāriyah. His writings will continue enlightening scholars, guiding policymakers, and inspiring future generations.

Dr. Oyekolade Sodiq OYESANYA wrote from the Department of Religious Studies, Tai Solarin University of Education, Ijagun, Ogun State, Nigeria.

By Muhammad Ahmad Iliyasu

Nigeria’s governance and fiscal challenges are undermined by persistent corruption, inefficiencies in public finance, and a lack of transparency, all of which have stymied economic progress, among other issues. According to the 2024 Mo Ibrahim Index on African Governance, Nigeria ranked 33rd out of 53 African nations with a score of 45.7 out of 100, reflecting a decline of 1.4 in its governance score between 2014 and 2023. 

The ranking (above) is further emphasized by low scores across critical categories such as Security & Rule of Law (39.7), Participation, Rights & Inclusion (47.9), Foundations for Economic Opportunity (48.6), and Human Development (46.4). While these challenges are substantial, examples worldwide illustrate the transformative potential of fiscal transparency and public integrity when supported by robust institutions and data-driven strategies. Nigeria can identify actionable solutions to address its governance deficits by examining how other countries have succeeded in these areas.

One of the most striking examples of fiscal transparency comes from Estonia, which has emerged as a global leader in e-government. Estonia has digitized its public financial management systems and introduced blockchain technology to monitor public procurement and spending. According to the World Bank, these innovations have resulted in a 30% increase in administrative efficiency and a 25% decrease in opportunities for corruption. 

In comparison, Nigeria’s procurement processes remain largely opaque, frequently marred by corruption scandals involving inflated contracts and the misappropriation of public funds. By 2023, procurement-related corruption cost Nigeria an estimated 30% of its annual budget. Estonia’s success showcases that technology when applied systematically, can be a game-changer in ensuring fiscal accountability.

Participatory budgeting, which originated in Porto Alegre, Brazil, is another area from which Nigeria could draw valuable lessons. By directly involving citizens in decisions regarding local government budgets, Porto Alegre has boosted investment in vital services such as healthcare and education by 20%, specifically targeting underserved communities. This participatory approach has not only enhanced public service delivery but also built trust in government institutions. 

In Nigeria, public participation in budgeting remains minimal, with the process often limited to elite stakeholders. A 2021 report by BudgIT revealed that over 70% of Nigerians feel disconnected from how public funds are allocated. A more citizen-centric budgeting process would bridge this gap, fostering trust and ensuring that budgetary decisions reflect public priorities.

Anti-corruption frameworks in countries such as Singapore and Botswana highlight the significance of institutional independence and efficiency. Singapore’s Corrupt Practices Investigation Bureau (CPIB), established in 1952, functions independently from other government agencies and has played a crucial role in reducing corruption to negligible levels. This success is evident in Singapore’s top-tier ranking on Transparency International’s Corruption Perceptions Index (CPI), where it achieved a score of 85 out of 100 in 2023. In contrast, Nigeria scored 24 out of 100, ranking 150th among 180 countries. The difference stems not only from institutional strength but also from the enforcement of laws. While Nigeria’s Economic and Financial Crimes Commission (EFCC) has made strides, its efforts are frequently compromised by political interference, inadequate resources, and inconsistent prosecution of high-profile cases.

Fiscal discipline is another area where Nigeria lags behind global standards. Sweden and Germany, for instance, have adopted fiscal rules that ensure economic stability. Sweden’s balanced budget rule requires government expenditures not to exceed revenues over an economic cycle, while Germany’s “debt brake” caps structural deficits at 0.35% of GDP. These policies have allowed both nations to maintain sustainable debt levels—38% and 60% of GDP, respectively, as of 2022. In contrast, Nigeria’s public debt has risen sharply, reaching 40% of GDP in 2023, with debt servicing consuming over 80% of government revenues. Without strict fiscal rules, Nigeria risks entering a debt trap that could hinder long-term economic growth.

Open data initiatives also illustrate the potential for transparency. The United Kingdom’s Open Data Portal provides public access to over 40,000 datasets on government operations, enabling citizens and civil society to monitor public spending effectively. This transparency has contributed to a 15% increase in public trust in government institutions, as reported in a 2020 World Bank study. Meanwhile, Nigeria’s efforts at transparency, such as the Nigeria Open Contracting Portal (NOCOPO), have yet to achieve comparable results. A lack of comprehensive data and limited public awareness have restricted its impact, with Transparency International noting that only 10% of procurement data is consistently published.

In this context, the Center for Fiscal Transparency and Public Integrity (CeFTIP) plays a crucial role in Nigeria’s quest for better governance. Through its annual Transparency and Integrity Index, CeFTIP evaluates government ministries, departments, and agencies (MDAs) on their adherence to standards of transparency and accountability. Its reports reveal systemic gaps in compliance with fiscal transparency norms and provide recommendations to bridge these gaps. Additionally, CeFTIP organizes sensitization campaigns to raise awareness about the importance of fiscal openness, while its capacity-building programs train public officials in best practices for financial management and anti-corruption measures. These efforts are vital in establishing the foundational infrastructure for a culture of accountability in Nigeria.

Whistleblower protection is another area where Nigeria falls short. In New Zealand and Canada, robust legal frameworks safeguard whistleblowers from retaliation, resulting in a significant increase in reported cases of corruption and misconduct. According to the International Whistleblower Protection Network, countries with effective protections detect 30% more corruption cases. In Nigeria, the whistleblower policy introduced in 2016 initially led to the recovery of over $500 million but has since stagnated due to weak legal protections and a lack of institutional support.

South Africa offers valuable lessons in civil society collaboration. Organizations such as the Public Service Accountability Monitor (PSAM) have successfully partnered with government entities to track public spending, resulting in a 25% improvement in service delivery outcomes, according to the World Bank. In Nigeria, civil society organizations like CeFTIP, BudgIT, and Connected Development have made strides in promoting accountability but often face resistance from government agencies. Strengthening these partnerships could amplify their impact and ensure more transparent governance.

Recommendations

For Nigeria to replicate these successes, it must prioritize institutional reforms like DOGE and adopt data-driven strategies tailored to its context. Establishing a robust digital public finance system akin to Estonia’s would enhance transparency and reduce corruption. Adopting participatory budgeting processes, starting at the local government level, would empower citizens and align public spending with community needs. Strengthening anti-corruption agencies through legal and financial autonomy is essential to combating high-level corruption.

Moreover, Nigeria should introduce enforceable fiscal rules to curb excessive borrowing and ensure sustainable debt levels. Expanding open data initiatives and increasing public awareness of platforms like NOCOPO would improve oversight and citizen engagement. Supporting organizations like CeFTIP through increased funding, open access, and government collaboration could scale their impact on promoting transparency. Finally, enacting comprehensive whistleblower protection laws and fostering partnerships with civil society organizations would create a more inclusive and accountable governance framework.

By learning from the advancements in countries such as Estonia, Singapore, and Brazil, and by utilizing the ongoing initiatives of organizations like CeFTIP, Nigeria can establish a direction toward fiscal transparency and public integrity. These reforms, although challenging, are essential for rebuilding public trust, attracting investment, and ensuring a prosperous future for all Nigerians.

Muhammad Ahmad Iliyasu is Strategic Communications Officer at the Center for Fiscal Transparency and Public Integrity. He can be reached via his email: Muhada102@gmail.com.

By Uzair Adam

The Economic and Financial Crimes Commission (EFCC) has arrested no fewer than 133 individuals in connection with an alleged Ponzi scheme operating under the name Q University, also known as Q-Net, in Gwagwalada, Abuja.

According to the anti-graft agency, the institution was running a scheme that recruited young Nigerians, promising them unrealistic financial gains.

The suspects were reportedly enrolled in a program dubbed “Special Training for New Generation Billionaires,” where they were allegedly brainwashed into believing they would become wealthy by recruiting others into the system.

EFCC spokesperson Dele Oyewale stated that the suspects were required to obtain an “Independent Representative Application Form” with motivational slogans such as “I’m a Champion,” “I’m Unstoppable,” and “I’m Infinity.”

The operation was conducted in collaboration with the 176 Guards Battalion of the Nigerian Army. Items recovered from the suspects include mobile phones, computers, and other electronic devices.

The EFCC confirmed that investigations are ongoing and that the suspects will be charged in court upon completion of inquiries.

By Anas Abbas

As the joyful Sallah festival approaches, local chicken, broiler chicken, and a unique breed known as “merger” producers are expressing concerns over a significant drop in patronage, which raises worries about the future of their businesses.

Traditionally, this festive season witnesses a surge in demand for chicken as families prepare to celebrate with delicious meals. However, this year, many farmers are facing an unprecedented challenge, including the high cost of chicken feed, losses of the chickens due to hot weather conditions, and low patronage.

In an interview with The Daily Reality, Mallam Shuaibu Ismail, a seasoned chicken seller and rearer, expressed his disappointment. “In previous years, we would have sold out most of our stock by now,” he said. “This time, however, the orders have been minimal, and it’s worrying. We rely on this season to sustain our families and businesses throughout the year.”

“Due to economic hardship, people are not supporting the local chicken businesses, and the chickens have been affected by an unexpected disease,” he added.

Jamila Sulaiman, a broiler rearer, expressed, “Sallah is usually a time of joy for us. We prepare for months in advance, but this year, many customers seem hesitant to buy. We hope that as the festival gets closer, people will start to purchase more, as the chickens are dying because of the sunny weather. Yesterday morning, I found three dead,” she stated.

“If people don’t buy, we will be at great risk as the price of broiler feed approaches 26000, compared to last year N8000,” she added.

The reasons for the low patronage are varied. Some producers attribute it to the rising cost of living and inflation, which have made it difficult for families to budget for festive meals. Others believe that changing consumer preferences and increased competition from larger poultry suppliers may also be contributing factors.

Despite these challenges, local rearers remain hopeful that demand will increase as Sallah approaches. “We are optimistic that people will remember the significance of Sallah meat for their families,” said Isuhu Wada.

“Purchasing the chicken benefits us and also boosts our economy, as we will spend the money on something else.”

As the festival approaches, local chicken farmers are urging consumers to support their businesses and keep the spirit of Sallah alive through communal meals and community support.

By Hadiza Abdulkadir

President Bola Tinubu has appointed former INEC chairman, Professor Attahiru Jega, as his adviser and coordinator forthe Presidential Livestock Reforms. This was announced by Special Adviser Bayo Onanuga. 

Jega was the INEC chairman from 2010 to 2015 and previously co-chaired the Presidential Livestock Committee alongside Tinubu.

In July, Tinubu established a new Ministry of Livestock Development to address the farmers-herders crisis, based on the recommendations of the National Livestock Reforms Committee. 

Jega, 68, is also a member of the International Elections Advisory Council and chairs the Governing Council of Sa’adatu Rimi University of Education in Kano State. 

Jega’s appointment aims to support ongoing livestock reforms in Nigeria.

By Muhammad Sulaiman

Nigeria and Saudi Arabia have signed a strategic agreement to enhance their participation in the global halal economy, valued at $7.7 trillion. The deal focuses on boosting halal trade, investment, and certification, fostering economic cooperation between the two nations.

Signed during high-level meetings, the agreement positions Nigeria as a key player in halal industries, including food, finance, pharmaceuticals, and cosmetics.

Saudi Arabia, a dominant force in the sector, will provide expertise and market access to support Nigeria’s expansion.

Officials believe the partnership will create jobs, enhance exports, and attract foreign investment, positioning Nigeria as a leading halal market in Africa.

By Dr. Muhammad Sulaiman Abdullahi

In Nigerian landscape today, people need help. Almost everyone needs one form of help of another. This is especially since after Buhari’s brutal leadership which took Nigerians 20 years backward. Baba Tinubu promised that he would continue, not to change and turn things around. And Nigerians are really witnessing a massive and huge form of suffocation, where everyone is gasping for air and therefore, many people don’t care much about what the leaders should do or not do.

A lot of people are hungry as a result of the reckless driving of the nations drivers. You won’t understand the depth of the challenges in Nigeri’as political arena until you engage some politicians, especially those who are genuinely interested in contributing positively to the community. That’s why people like us—who are so much inquisitive—struggle a lot in this field!

I don’t particularly enjoy discussing or praising politicians because whatever they do, they are just doing their jobs. However, there are some reasons that compel me to write on the MB Shehu’s empowerment program, and God willing, I will not do it to flatter; I will only share what I know about that support program, and I know that God is my witness regarding what I write. I also speak from a position of being part of the support committee.

MB Shehu is the current member federal house of representatives, representing the good people of Fagge. During his campaign rallies, he has mentioned and promised many things he intended to do to his people if elected. Today, he is the member, representing Fagge in Abuja. As part of promise fulfillment, he distributes, or rather, he has already distributed a lot of items, to his constituents, to mitigate and cushion the sad and bad effect of the T-pain. While I do not know where he got the idea for this kind of distribution, I believe it stems from the large number of people he has attracted politically, most of whom are needy and in dire need of such support and assistance. He has promised them that he will do good for them if given the opportunity and he is now doing exactly what he said.

Someone might ask, what is more important: meeting the needs of one person or meeting the needs of many people? Many will tell you that meeting the needs of many is more significant. However, how can one meet the needs of the entire community if one doesn’t start from individual people?

Initially, I don’t personally see such “empowerments” as worthy programs, but now, having seen the actions taken and how they have been implemented and also, hard situation which most of the beneficiaries are battling with, I believe that a leader, should, in such kind of situations, do two things:

1) Assist their community in a way that is pleasing to God, through proper channels—those that the people desire (not necessarily highly sophisticated and systematic way), even if a leader sees other ways as more beneficial.

2) A leader should strive to seek and identify certain vital good initiatives that are beneficial, even if many in the community do not see the immediate advantages. This is because most people lack the knowledge or understanding to discern what is more important for them.

Both the above two ways should be integrated! There should be plans for political accountability, and there should be thoughtful and dignified initiatives that can be recognized as good deeds even after one’s life.

During the opening ceremony of the program, the executive Governor of Kano, Abba Kabir Yusuf, aka Abba Gida-gida, inaugurated the program, and it was expected that around 3,000 people will directly benefit from the empowerment, indeed it is serious. Here are some of the items being distributed to the community members:

i) Cars
ii) Motorcycles
iii) Mechanic toolboxes
iv) Car diagnostic gadgets
v) Sewing machines
vi) Deep freezers
vii) Industrial sewing machines
viii) 50,000 Naira to over 1,000 people, with the total number reaching 1,107
ix) Welding machines
x) High-powered cameras, etc

These are just a few of the items I have seen, and some I have heard about.

The Governor of Kano, Abba Gida-gida, who was present during the inauguration of the support program, expressed his happiness and said that he was at a loss for words due to his joy. He added that he had never seen any member who did something like what MB Shehu has done.

This is indeed a significant achievement, and I know that MB Shehu is committed to implementing more initiatives. Anyone interested in knowing about such initiatives can contact Alkanawy, as they are the ones disseminating news and promoting the activities of the legislator.

Before the empowerment, a very strong committee was formed under the leadership of Professor Bashir Yusuf Fagge, and genuinely, there has been a commitment to identifying deserving beneficiaries. I can confidently say that a great effort has been made, day and night, to ensure this work is done perfectly.

In this current political climate under Tinubu, if someone gives you a car, motorcycle, or money, you certainly should appreciate them. Because in Nigeria, especially now, if they don’t give you, there’s nothing you can do. Many elected members do not contribute anything to their constituents and nothing happens.

Finally, some people oppose this empowerment due to their personal reasons or grudges against the one who did it, the committee members or the process. No one can do things that can be accepted by all. Just do your best and move on. No one (especially the politicians) would loved or hated by all. This is why doing things with great foresight and consultation is invaluable. I saw happiness in the faces of the recipients. I hope the money and items given will metamorphose and multiply into bigger fortune.

I call upon the respected member to continue working diligently, to fear God more in carrying out his responsibilities, and to keep doing good for the people. Amen.

Muhammad Kano