2023: Year of hardship, killings, political intrigues, toughest presidential poll – Newstrends
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2023: Year of hardship, killings, political intrigues, toughest presidential poll

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2023: Year of hardship, killings, political intrigues, toughest presidential poll

•How Emilokan, Atikulate, Obedients shaped polity

•Insecurity, violence claim 6,645 lives

•Akintola Williams, Nwabueze, Ezeife, Akeredolu, Na’Abba, other eminent Nigerians die

 

YEAR 2023 which will expire tomorrow is a year that most Nigerians will like to forget in a hurry.

Reason: It began on a hard note and ended on a harder note for a host of the citizenry.

Although eventful politically on the account of the high-wire intrigues that characterised the 2023 general elections especially the presidential poll, 2023 left a sour taste in the mouths of many.

Practically, the country remained a killing field as had been witnessed since 2015 and amplified by the Christmas Eve attacks in 25 communities across three LGAs in Plateau State by gunmen that left 195 persons dead.

Murderous Boko Haram terrorists, bandits, gunmen, ritualists and kidnappers had a field day wreaking havoc in many parts of the country despite the gallant efforts of the security agencies.

Saturday Vanguard’s tally of media reported cases showed that no fewer than 6,645 lives were lost to violence and various forms of insecurity across the country in 2023. This figure is conservative as many cases are not reported or under-reported.

Apart from violence, many lives were also wasted on the highways, waterways and in disasters such as inferno and landslide.

For instance, an error bombing by the Nigerian Army killed no fewer than 85 locals in Kaduna recently. A landslide in Abuja claimed 30 lives on September 8. An inferno killed 35 people at an illegal oil refining site at Ibaa community in Emohua LGA, Rivers State. No fewer than 100 persons lost their lives in a boat mishap at Egbu village in Pategi LGA, Kwara State on June 12.

A host of eminent Nigerians also died in 2023.

The year began on a turbo-charged note with hardship. The Central Bank of Nigeria, CBN, redesigning of N1,000, N500 and N200 notes, policy on withdrawal of old notes and cash limit led to prolonged cash scarcity and attendant hardship.

At a stage, people had to pay N3,000 to get N10,000 from Point of Sale, POS, operators as banks had little or no cash to dispense.

At a stage, the Naira policy was said to be meant to check vote-buying at the 2023 general polls.

After the polls, President Bola Tinubu’s immediate removal of fuel subsidies and multiple exchange rate, on taking on May 29, came with inevitable economic pains.

The exchange rate of Naira to dollar has moved from N500 to N1200 in the black market while fuel prices jumped from N198 to between N568 and N630. Currently, the costs of transportation, food and other products have tripled compared to what they were last year up to May 29, 2023.

Political intrigues

Being an election year, 2023 was laced with high-wire political intrigues and bickering as leading politicians battled for the tickets of the various political parties.

Riding on the crest of Emilokan (it is my turn) and his political goodwill of 30 years across the country, former Lagos State Governor, Asiwaju Bola Tinubu, subdued many entrenched interests to win the All Progressives Congress, APC, presidential ticket.

In the People’s Democratic Party, PDP, the intrigues over the failure to agree on zoning of the presidential ticket led to ‘balkanisation’ of the party.

Former Anambra State Governor and 2019 Vice Presidential Candidate, Mr. Peter Obi, left the PDP for the Labour Party, LP, and picked its presidential ticket as his Obedients Movement gained traction.

Former Kano State Governor and Defence Minister, Dr Rabiu Kwankwaso, also left the PDP and landed the presidential ticket of the New Nigeria People’s Party, NNPP.

Then Rivers State Governor, Nyesom Wike, who came second at the PDP presidential primaries to Alhaji Atiku Abubakar, led a group of five PDP governors who wanted power shift to the South.

In this group were Governors Seyi Makinde (Oyo), Okezie Ikpeazu (Abia), Ifeanyi Ugwuanyi (Enugu) and Samuel Ortom (Benue).

How Emilokan, Atikulate, Obedients shaped polity

With the trio of Emilokan, Artikulate and Obedient on the prowl, Nigeria was primed for her toughest presidential election and it panned out so.

The February 25, 2023 presidential election was the keenest and also the worst voter turnout in the history of balloting in Nigeria.

The Independent National Electoral Commission, INEC declared Tinubu as the winner. Tinubu polled 8,794,726 votes to beat Atiku, his closest challenger, with 1.81 million votes, the lowest margin since 1979. Atiku got 6,984,520 votes in the election. Tinubu had 34.78 per cent of the votes cast.

With 25.3 million voters or 27 per cent of the 93.469 million registered voters taking part, the February 25 poll also recorded the worst voters turnout ever.

Tinubu won in 12 states to beat Atiku of the PDP, who came second with 6,984,520 votes and also won in 12 states.

The Labour Party, LP, Candidate, Mr Peter Obi, polled 6,101,533 votes to place a close third. He also won 11 states and the FCT.

Former Governor of Kano State and New Nigeria Peoples Party, NNPP, candidate, Senator Kwankwaso, came fourth with 1,496,687 votes. He won in Kano.

Battle in court

Atiku and Obi kicked against Tinubu’s victory, citing irregularities, violence, failure of the INEC to transmit results electronically as it assured before the election, and falsification of academic records against Tinubu, among others. They went to the Presidential Election Petition Court, PEPC and Supreme Court. Both courts validated Tinubu’s election.

The seven issues the courts resolved in favour of Tinubu are:

•INEC substantially complied with the Electoral Act 2022 and the constitution in the conduct of the poll

•Election cannot be nullified due to unavailability of results on INEC’s IReV portal

•Failure to secure 25 per cent of votes in the Federal Capital Territory, FCT, Abuja cannot invalidate a winner’s election

•Petitioners did not prove allegations of rigging against Tinubu

•The issue of APC’s double nomination of Vice President Kashim Shettima had earlier been decided by the court on May 26, 2023

•Tinubu’s forfeiture of $460, 000 drug money was raised when the Respondents had already filed their process

•Petitioners did not provide alternative results to INEC’s figures.

Tinubu’s controversial footprints on political landscape

•Got his preferred choices elected as senate and Reps principal officers

•Nominated ministers within 60 days as prescribed by the law.

•Got 45 of his 48 ministerial nominees screened and confirmed by the Senate

•Dropped a nominee without informing her as she was at the National Assembly for the screening exercise.

•Reshuffled his cabinet before swearing in. The first of its kind

•Swore in ministers on August 21 without retreat.

•Moved the Federal Executive Council, FEC, meeting from Wednesday to Monday.

•Intervened in political crisis in Ondo, Rivers

Akintola Williams, Nwabueze, Ezeife, Akeredolu, Na’Abba, hordes of eminent Nigerians die

A host of eminent Nigerians died in 2023.

Such Nigerians include revered Chartered Accountant, Chief Akintola Williams, who died at 104; Elder Statesman and legal luminary, Professor Ben Nwabueze, SAN, who died on October 30, aged 94; and former Anambra State Governor, Dr Chukwuemeka Ezeife, who died at 85.

The death list includes former Ohanaeze President-General and Insurance guru, Professor Joe Irukwu; former Ohanaeze Deputy President, Dr Sylvan Ebigwei, who died at 80; Senator Annie Okonkwo; former NBA president and Ondo State Governor, Arakunrin Rotimi Akeredolu, 67; and Former Speaker of the House of Representatives, Ghali Na’Abba, 65.

Year 2023 also claimed the lives of Peace Anyiam- Osigwe, a trailblazing filmmaker; Veteran actor, Sunday Akanbi Akinola, 80; Veteran Nollywood actor, Ojo Arowosafe (Fadeyi Oloro), 66; Veteran actor and movie producer Obinna Nwafor (Saint Obi, 57; Artiste, Ilerioluwa Oladimeji Aloba, aka Mohbad, 27; and Actress, Cynthia Okeke.

Others are Labour Party Enugu East senatorial candidate, Oyibo Chukwu, was shot dead when his vehicle was attacked and later set ablaze a few days before the National Assembly election; Uchenna Ikonne, Abia State governorship candidate of the PDP; Stella Effah-Attoe, national woman leader of the PDP; and Pa Taiwo Akinkunmi, 87.

Pa Akinkunmi was an agriculturist and electrical engineer. He was the one who designed the Nigerian flag.

-By Vanguard’s Politics Editor Clifford Ndujihe

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Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

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Adebayo Ogunlesi

Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

Forbes has unveiled its 2024 ForbesBLK 50 list, celebrating the achievements of the wealthiest and most influential Black Americans.

Among the honorees are three Nigerians—Adebayo Ogunlesi, Tope Awotona, and Wemimo Abbey—whose groundbreaking contributions and entrepreneurial successes have earned them places on this prestigious list.

The ForbesBLK 50 is a reimagining of Forbes’ 2009 Wealthiest Black Americans list, which then featured figures like Oprah Winfrey, Michael Jordan, and Magic Johnson.

While net worth remains a core metric, the new list also highlights innovation, societal impact, and leadership across diverse industries.

Adebayo Ogunlesi, with a net worth of $1.7 billion, stands out as a pioneering force in global infrastructure investment. As chairman and cofounder of Global Infrastructure Partners (GIP), Ogunlesi led the private equity firm through a transformative acquisition by BlackRock in 2024 for $12.5 billion.

  • Ogunlesi, a Harvard-educated lawyer and banker, previously spent over two decades at Credit Suisse before launching GIP in 2006.
  • His influence extends beyond business, as he has become a key figure in reshaping infrastructure investment on a global scale.

Also, Nigerian entrepreneur,Tope Awotona, the founder and CEO of Calendly, has redefined efficiency in scheduling and holds a net worth of $1.4 billion.

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  • Born in Lagos, Awotona moved to Atlanta as a teenager and pursued business and management information studies at the University of Georgia. After early entrepreneurial setbacks, he launched Calendly in 2013, driven by frustration with cumbersome meeting coordination. The platform, which raised $350 million in 2021, is now valued at $3 billion and serves millions of users worldwide.

Although not a ranking, Wemimo Abbey, at just 32, is the youngest Nigerian on the list and cofounder of Esusu, an African fintech company addressing financial inclusion. Esusu helps renters build credit by reporting rent payments to credit bureaus, a service utilized by more than 20,000 properties and benefiting 1.8 million Americans.

  • In 2022, Esusu achieved a $1 billion valuation following a $130 million funding round. Abbey, who grew up in Lagos, has a background in mergers and acquisitions consulting and a passion for leveraging technology to drive social impact.

These three Nigerians show innovation, resilience, and the drive to address pressing global challenges. Their inclusion on the ForbesBLK 50 list is a foretelling of their entrepreneurial vision and the increasing influence of Nigerians on the global stage.

The ForbesBLK 50 list, launched under ForbesBLK, aims to go beyond net worth to measure impact and influence within the Black community and beyond.

Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

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Northern youths say new tax regime bill designed to ruin region

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President Bola Ahmed Tinubu

Northern youths say new tax regime bill designed to ruin region

Coalition of Northern Groups, Taraba State chapter, has expressed concerns that the proposed Tax Reform Bill by President Bola Ahmed Tinubu’s administration is cunningly designed with all premeditated intent and purposes to further develop the southern Nigeria at the expense of the north.

The northern youths, who lamented the economic hardship in the country, concluded that the effect bears more scars on the region than any other.

Aside from the new Tax Reform Bill, the group also condemned the federal government’s land-border closure, alleging that the ideas favour the South more than the North.

The group, in a statement signed by its coordinator, Comrade Idris Ayuba, made available to Vanguard Correspondent in Ilorin alleged that most difficulties the North faces are the repercussions of the decisions, citing the effect of Petroleum subsidy removal, land border closure and the new tax regime as few examples.

He noted in the statement that”reduction in the consumption of a capital commodity like petroleum occasioned by the subsidy removal is not a manifestation of a positive policy impact; it rather indicates reduced economic activities that force people out of energy consumption,”

On the land border closure, Idris said: “One of the primary concerns is the impact of this policy on the regional economy, which has been heavily reliant on cross-border trade with neighbouring countries. The closure has resulted in significant losses for traders and business owners in the region, exacerbating poverty and unemployment.

“The policy has given undue advantage to Southern Nigeria, for instance, the closure has led to an increase in demand for locally produced goods in Southern Nigeria, which has boosted the southern regional economy.

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“Additionally, the Southern region has benefited from the increased revenue generated from customs duties and taxes on imported goods.

“The closure has also created an imbalance in the distribution of economic opportunities, with Southern Nigeria having greater access to ports and international trade routes.

” This has resulted in a concentration of economic activity in the Southern region, further marginalizing Northern Nigeria,” Idris explained in the statement.

Northern youths say new tax regime bill designed to ruin region

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BREAKING: National Assembly extends lifespan of 2024 budget

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Senate President, Godswill Akpabio

BREAKING: National Assembly extends lifespan of 2024 budget

President of the Senate, Godswill Akpabio, has explained that the impressive performance of the 2024 national budget encouraged members of the National Assembly to extend the lifespan of the 2024 budget beyond December 31 this year.

Akpabio gave the explanation Wednesday in his welcome address during the presentation of the 2025 national budget to the joint session of the federal parliament.

He said, “We have noted the 2024 budget performances of 50% for capital expenditure and 48% for recurrent expenditure respectively.

“Given these great achievements, we have deemed it necessary to extend the life of the 2024 budget to June 30, 2025.

“The enabling law for this extension has already been put in place by this patriotic Assembly, as a testament to our appreciation for the great performance of the budget, ensuring we build upon your momentum.

“We commend your steadfast commitment to collaborate, cooperate and work with the National Assembly to achieve your grand vision for Nigeria.”

As the red chamber planned to start deliberations on the budget proposals, Akpabio warned heads of the various ministries, departments and agencies of the Federal Government to make themselves available for the budget defence.

He said: “Let me take this opportunity to stress the importance of the honourable ministers and heads of extra-ministerial departments being prepared to respond promptly to requests for them to come and defend their sectoral allocation in the exercise of our legislative oversight.

“We have observed concerning the behaviour from some ministers and heads of extra-ministerial departments, who sometimes neglect their duty to promptly submit to legislative oversight, sometimes even disregarding invitations from relevant committees of the legislature.

“It is imperative they understand that we will not condone such breaches of the constitution going forward.”

Akpabio noted that under the President Bola Tinubu administration, Nigerians has “witnessed remarkable strides in economic reforms, aimed at enhancing our nation’s stability and growth”.

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According to him, “The courageous decision to remove fuel subsidies, though challenging, showcases your (Tinubu’s) unwavering commitment to redirecting resources to critical sectors such as education and healthcare.

“Your collaboration with the Central Bank has cultivated an environment ripe for investment, and your focus on infrastructure development reflects a visionary commitment to improving the connectivity that fuels our economy.

“Furthermore, your initiatives to strengthen our security framework stand as a testament to your resolve in tackling the pressing challenges of our time.“

The chairman of the National Assembly commended Tinubu’s efforts in the era of security.

“We commend your tireless efforts, along with those of our brave men and women in uniform, for liberating our lands from the grip of terror.

“Today, no community is under the threat of terrorism, a monumental achievement we celebrate together.

“The reduction in kidnapping incidents and the neutralization of over 11,000 terrorists and insurgents is a testament to patriotism, strength and determination,” Akpabio said.

The Senate President said Tinubu’s dedication to fostering international relations paves the way for fruitful partnerships that will propel the nation forward.

He said: “We are witnessing a resurgence in foreign direct investment, made possible by your visionary directives that ease the visa processes for Nigerians travelling to other countries, and at the same time welcome investors and tourists alike to our country.

“Your innovative approaches in our embassies and the Ministry of Foreign Affairs have opened new doors for Nigeria and its people. For this we thank you.”

He said the introduction of social welfare programmes embodies the president’s unwavering belief in uplifting the living standards of our citizens.

“You remind us that our nation is not merely constructed of bricks and mortar, but of the resilience and determination of its people.

“Nigerians are taking notice of your remarkable achievements. You have doubled aggregate government revenues to over NGN 18.32 trillion, reduced debt servicing expenditures from 97% to 68%, fulfilled $7.5 billion in foreign exchange obligations, increased oil production to 1.8 million barrels per day, and launched the Compressed Natural Gas initiative.

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“Your administration has processed over N45.6 billion for student payments, signed the National Minimum Wage Law, and raised the national minimum wage to N70,000 a month, all while providing over N570 billion in financial support to the 36 states,” Akpabio said.

He commended the groundbreaking tax reform initiative including the four tax reform bills, namely the Joint Revenue Board of Nigeria (Establishment) Bill, 2024; Nigeria Revenue Service (Establishment) Bill, 2024; Nigeria Tax Administration Bill, 2024; and the Nigeria Tax Bill, 2024.

He said the tax reform bills represented a monumental shift in the country’s fiscal landscape and that its critics haven’t read the proposed legislations.

The Senate President said: “It is disheartening that those who have not taken the time to understand these bills are the loudest critics.

“I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully.

“This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”

Akpabio said the infrastructure renaissance has paved the way for many roads, including the coastal road and crucial arteries in the Abuja capital city and other parts of the country.

“These developments are not merely about concrete and asphalt; they represent the lifeblood of our economy, connecting our people and fostering growth,” he added.

He urged Nigerians to bear with the president whose economic reforms had imposed hardship on Nigerians but noted that: “We are light-years away from where we began, though some rivers remain to be crossed.

“The pains we feel are not merely the pains of hardship; they are the pains of childbirth. When that season arrives in Nigeria, when this administration births that season, we will rejoice for the struggles endured.

“For now, I ask for your patience and urge all Nigerians to cooperate with the president and maintain faith in his vision.

“Mr. President, while you cannot be everywhere, you have eyes everywhere. We, the distinguished senators and honourable members of the House of Representatives, are your eyes in our constituencies and every corner of Nigeria.

“When our constituents struggle to afford rice, they come to us. When their shoes pinch, they seek our assistance. When the economic alarm sounds, they turn to us.

“Therefore, we are committed to ensuring that you touch the hearts and pulse of Nigerians through these appropriation bills resonating with the sounds of hope and signalling the dawn of Nigeria’s economic rebirth,” he added.

Akpabio ended his speech by leading the members of the National Assembly to sing for the president as they all chorused, “On your mandate we shall stand” to the admiration of the legislatures and the guests.

 

BREAKING: National Assembly extends lifespan of 2024 budget

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