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The many silver linings of Tinubu’s 7 months in office

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By Bayo Onanuga

 

The removal of fuel subsidy and the move to merge foreign exchange rates, two headline reforms introduced by the Tinubu administration since late May, triggered problems such as high fuel prices and the depreciation of the Naira, two monstrosities which combined to cause a general spike in costs of services and goods.

Today, many Nigerians complain of a rise in the cost of living.

According to the latest NBS report, Nigeria’s inflation, which rose to 26.7 percent in September, again rose to 28.2% in November from 27.33% in October. Food Inflation remains untamed, rising from 31.52% in October to 32.84% in November 2023.

To compound the economic problems, few multinational companies such as GlaxoSmithKline, Procter & Gamble have announced their exit from our country, complaining about the difficult operating environment and the scarcity of dollar.

The truth is that the new policies alone are not solely responsible for the economic problems we are facing today. We were destined for the tough and rough patch, where we are today because of the prevailing conditions before Tinubu took over on 29 May.

As at June 2023, budget deficit was N10.8 trillion. Actual Debt service was 98.95 percent of revenue, far higher than the projected 59.37 percent. Inflow into the country’s foreign reserve came in trickles. And so bad was the state of affairs that Nigeria could not remit about $800 million fund of foreign airlines. JP Morgan exposed our near insolvency by claiming in a report that our net foreign reserve was just about $3.7 billion, not the $33 billion plus flaunted by Emefiele’s CBN.

President Tinubu, who promised during the campaign to take hard and difficult decisions, moved to tackle the economic problems from Day One, by first dispensing with the wasteful fuel subsidy that was billed to consume about N7trillion this year, five times more than what was provisioned for capital spending.

President Tinubu is quite aware of the side effects of his move to reset our economy. Though his administration has earned plaudits from the World Bank, the IMF and rating agencies such as Moody’s and Fitch, he is not carried away by the praises.

He is focussed on turning the economy round for growth, development and prosperity.

The moves are yielding some good effects. Amidst what some sections of the media perceive as general gloom, some silver linings are emerging, signposting that with a little more patience, our material conditions will improve and inflation will be tamed. For businesses, operating conditions will also improve.

In its third quarter report for the year, the NBS reported that GDP grew by 2.54percent. In a similar period in 2022, GDP recorded a growth of 2.25%. To demonstrate that the sun may be shining on us again, the 2.54% GDP growth recorded in Q3, was also higher than the 2.51% recorded in Q2.

The service sector, made up of information and communication, financial and insurance, was responsible for the growth witnessed in Q3. It had a 3.99% growth, contributing 52.7% of the aggregate GDP. The agriculture sector declined from 1.34% growth in Q2 to 1.3percent in Q3.

Growth was also recorded in construction and real estate, metal ores(69.76%), coal mining(58.03%), chemical and pharmaceutical products(6.77%), Cement(4.2%) and construction(3.89%). Oil reported a negative growth of 0.85%, a major improvement to the negative 22.67% recorded at the same period last year. It was -13.43 in Q2 of 2022. The improvement in the oil sector and its contribution to GDP has been attributed to the improvement in the security of oil infrastructure and operations, leading to increased production. Going forward in this Q4 and 2024, the NNPC Limited is confident that the sector will continue to climb the curve.

In the same Q3, according to NBS, the Industrial sector grew by 0.46%, an uptick compared with Q3 2022, when it had a negative 8% growth, even in the era of P&G and GSK exit.

An interesting revelation in the NBS Q3 report was the big jump in the volume of trade, from N12.16 trillion in Q2 to N18.8 trillion. Trade volume in the same period in 2022 was N12.28 trillion. We also recorded a trade surplus of N1.89trillion in Q3, an increase from the N708.8 billion in Q2 2023. In Q3 in 2022, we recorded trade deficit of N409.39 billion.

Value of exports in the third quarter was N10.35 trillion, far higher by 60.78 percent than the N6.44 trillion posted in Q2 2023. Crude oil dominated the export, accounting for 82.5 percent, a confirmation that our country is pumping out more oil for export unlike the previous years.

Just as our exports increased, imports also increased, rising from N5.73 trillion in Q2 2023 to N8.46 trillion in Q3, a rise of 60.8 percent. The imports recorded in the quarter was also higher in value compared to Q3 2022, which was N6.34 trillion.

As the Minister of Budget and National Planning, Atiku Bagudu noted in a recent report, economic prosperity in our country will be achieved with the reforms being implemented, supported by strong monetary and fiscal policies, food supply management and other intervention programmes.

President Tinubu who has never shied away from acknowledging the temporary pains triggered by the reforms, gave an assurance in a recent newspaper interview that his Administration will continue to take proactive measures to wrestle with the problems. Many of these measures are already being taken and in the New Year, we expect the silver linings, that are at present understated, to blossom into rays of sunshine to be experienced by all Nigerians.

Onanuga is the special adviser Information and strategy to President Bola Tinubu

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Opinion

The need to restore the prestige of Kano Pillars FC

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Kano Pillars FC

Isyaku Ibrahim

 

There is no doubt whenever you talk about Enyimba of Aba in Nigeria’s top flight who won the competition nine time, the next team that will come to your mind is Kano Pillars that lifted the trophy on four good occasions. But nowadays,it seems the Kano darling is losing its prestige, recognition and above all popularity in the local league. 

 

This was as a result of lack of total commitment, determination, tenacity, patriotism,diligence and seriousness which the side was known for in the past.

 

To say the fact, the pyramid City lad was previously rated among the traditional teams in the top flight as they have established and tested players that would not disappoint their teeming fans no matter where they are playing.

 

It was based on this late Rashidi Yekini while watching the team at Adamasingba Stadium now Lekan Salami Stadium in Ibadan said if he was to play for a local team he would prefer to lace his boot for Kano Pillars ahead of others.

 

The reason he Said was simply due to excellent free flow football of the team but now it seems that has gone for bad.

When the club was established as early as 1990 among the objectives behind was to boost the name of the state through football and beside that win trophies with a view to competing favourably with others.

 

While those behind the idea should be commended to a large extent for their foresight in that respect in view of how the team is now a household name in the round leather game countrywide but there is the need for a collaborative effort with a view to normalising things in the ancient city side as the club has now stepped down from its aforementioned aims and objectives.

It is painful that the team’s main priority nowadays was not to lift the league as the case was previously but to survive relegation which was baseless,laughable and nothing to write home about considering their past experience particularly when they were based at Sabongari Stadium.

 

Definitely,this season is almost over as Remo Stars are as good as being crowned the winners of the event

The best option for Sai Masu Gida is to start early preparation for the upcoming season through putting their house in order aimed at restoring their winning culture as the teeming fans are tired of flimsy excuses on the reason behind their lack lustre performance year in year out.

 

Honestly, what they are basically hoping for is to see the club matches theory with practice through grabbing the trophy or at least earning one of the three continental tickets in the country.

optimistically this is achievable with the full support of Governor Abba Kabir Yusuf coupled with that of his laborious and submissive Deputy Comrade Aminu Abdulsalam, good management, superb technical crew and the support of ardent fans who are always with the side in either thick or thin.

 

 

Ibrahim is a Director Public Enlightenment at Kano State Ministry of Special Duties. 

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Opinion

In defence of Prof Abdalla Uba Adamu’s beautiful quip on Kano – IBK

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Prof. Ibrahim Bello-Kano (IBK)

 

Double Professor Uba Abdallah Adamu has angered many non-Kano people resident in Kano by his famous, widely circulated quip, an aphoristic description of Kano in which says the anyone tired of (living in) Kano is tired of life. Prof Adamu’s appraisal of Kano is based on a sound premise and a powerful emotional logic. Prof. Adamu’s comment has a powerful pedigree. On the arguments of the highly acclaimed French sociologist and space theorist, Henri Lefebre in “The Production of Space” (1974), it can be shown that Kano, especially the city and the metropolitan area, has three characteristics, typical of the greatest cities in the world since Antiquity: 

 

1. It is a conceived space (an urban area, complete with a series of interlacing and interloping and interlocking urban designs since the 9th century). Kano was already a city and an urban space well before 1903. It’s one of the oldest urban areas in the Sudan.

 

2. It is a lived space, complete with the everyday experiences of its inhabitants and their emotional identification with it. Hence the many “quarters of the city”— from Alkantara, Alfindiki, Ayagi, to Mubi and Gwangwazo and beyond those.

 

3. Kano is also a practiced/practised space, with its inhabitants, visitors, and emigré population working to “practice up” the city in their daily lived experiences and within its urban and emotional spaces. That’s the truth of Prof. Abdallah Uba Adamu’s hyperbolic reference to Kano as a barometer of happiness or depression.

 

Prof Adamu is also correct in that most immigrants to the city never leave it, even if their last name may indicate other towns or cities. Already, Kano is one of the most truly cosmopolitan cities in Nigeria, surpassed only by New York, London, and Abidjan. In 1958, almost a decade before Lefebre’s book, the philosopher of science and urban studies, Gaston Bachelard published “The Poetics of Space” in which he argues that to live, or to choose to live, in a place, say the Kano metropolis, is already to enact an emotional act, and an existential event, in and for which Kano is already a resonant space of intimacy, or an intimate place of lived subjectivity. This is the case because one cannot live in Kano, even for a brief period, without (seeking to) creating a home, a nest, and an intimate space of “Kano beingness” or a Kano-based “being- in-the world”. That’s why Kano evokes and resonates with a strong emotional identification with it. When I was about 8 years old, I was told, on visiting the Dala Hill, that God had planned to create a holy city in Kano, but a dog urinated on the hallowed ground, and that’s how the divine plan was moved elsewhere. Of course, that story is clearly apocryphal, yet it shows how the Kano people are intensely proud of their places and spaces. So, Prof. Abdullah Uba Adamu’s hyperbolic and surreal description of Kano is essentially correct and pleasingly poignant. Many emigré groups are unhappy with his remarks, but if you live in a place, earn a living in it, or draw opportunities of all kinds from it, then you have got to love Kano, the most romantic of cities, a city full of dreams, aspirations, emotional highs and lows, and learn to identify with its fortunes. Kano, the city of gold and piety, recalcitrance and hope, modern politics and ideological contestations; the city of majestic royalty; the city of women and cars, as Shata once described it. Kano… the great Entreport. Kano, your name will endure through the ages. Cheers.

 

Ibrahim Bello-Kano (IBK) is a Professor of English at Bayero University, Kano. 

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Opinion

Kano: My City, My State

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By Huzaifa Dokaji

 

Kano is not a place you reduce to a headline or dismiss with a stereotype. It is a city with too many layers for that- too much memory, too many voices. This is the Kano of Muhammadu Rumfa, the ruler who gave it form and vision, and of Ibrahim Dabo, the scholar-king. The Kano of Kundila and Dangote, where wealth meets ingenuity.

 

It is the Kano the British once described as the ‘London of Africa,’ the Tripolitans praised as ‘a city like a thousand others’, each one magnificent—and its own people, knowing its complex social and ideological chemistry, named tumbin giwa, the intestine of an elephant: vast, winding, and full of hidden depths.

 

Kano has always carried many lives at once. It is the home of Shehu Tijjani Na Yan Mota and the sanctuary of Abdullahi dan Fodio when he felt the revolution had been betrayed. It is Madinar Mamman Shata and the home of Aminu Ala, the author of the philosophical Shahara and masterfully composed Bara a Kufai. This is the same Kano that made Dauda Kahutu Rara, the master of invective lyrics, and Rabiu Usman Baba, the Jagaban of Sha’irai.

 

Here, contradictions do not cancel each other, they coexist. It is the city of yan hakika and yan shari’a, of Izala and Tariqa, of Shaykh Rijiyar Lemo and of Shaykh Turi. It is the Kano where people will argue passionately about doctrine, then share tea afterward. Where silence and speech, mysticism and reform, are all part of the same long interesting yet boring conversation.

 

This is the Kano of the diplomatic Emir Ado Bayero and combatant Muhammad Sanusi II. Of Rabiu Kwankwaso, the red-cap-wearing jagora, and of the agreeable Ibrahim Shekarau. It is that same Kano of the incorruptible Malam Aminu Kano and Dollar-stuffing Ganduje. The cosmopolitan city of Sabo Wakilin Tauri and of the saintly Malam Ibrahim Natsugune.

 

If not Kano, then what other city could birth Barau Kwallon Shege, the bard of the profane, and welcome Shaykh Ibrahim Nyass, the towering saint of the mystics? Where else but Kano would you find Shaykh Nasiru Kabara- scholar and Sufi master- sharing the same cityscape with Rashida dan Daudu and all the remembered and forgotten Magajiyoyin Karuwai? This is the Kano of yan jagaliya and attajirai, of the sacred and the profane, the pulpit and the street. The Salga and of Sanya Olu and Ibedi streets. Kano has never pretended to be a city of one truth, its greatness lies in the multitude it carries.

 

So when people speak carelessly about Kano, they miss the point. Kano is not a relic. It is alive. It debates itself. It holds its tensions with pride. And like Adamu Adamu said, “the story of this enigmatic city is simple and straight backward – and , in the end one can only say Kano is Kano because Kano is Kano – and that’s all; for; it is its own reason for being.”

 

You don’t explain Kano. You respect it.

 

 

This was first published on Huzaifa Dokaji’s Facebook account. 

 

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