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Catholic bishops write Buhari, say alleged coup plot propaganda

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The Catholic Bishops Conference of Nigeria has written to President Muhammadu Buhari, on the state of insecurity in Nigeria.

Titled, “Urgent call to the Federal Government to be open to criticism in addressing the pervading insecurity in Nigeria’, the letter was signed by Archbishop of Benin City, Augustine Akubeze, who doubles as the President, Catholic Bishops’ Conference of Nigeria.

In the letter, the bishops advised Buhari not to waste his time focusing on the allegation that some religious and political leaders are plotting a coup.

“While we reject any call for the destabilisation of Nigeria or military takeover, we nonetheless say to the Federal Government of Nigeria, led by President Muhammadu Buhari, there is no need to focus your energy, time and resources in any form of propaganda against religious leaders who disagree with your performance”, the bishops said.

They advised that government should rather focus on keeping the citizens safe and suggested the need for a security summit.

The letter read in full:

On behalf of Catholic Bishops of Nigeria ,I greet all Nigerians. at home and in the diaspora. Thank you all for your patience regarding the expectations of rapid development promised by various democratic governments.

Since we returned to democratic rule on 29 May 1999 after several failed military dictatorship, many Nigerians who experienced the brutality of the military are aware that a return to such days is not the prayer or desire of Nigerians.

The Catholic Church in Nigeria, through the leadership of the CBCN, has spoken several times about the need for us to ensure that our democracy works for every Nigerian and not for only a few privileged politicians or those connected to them.

We have, like other Nigerians, seen broken promises made by political leaders. The members of the CBCN, like other religious leaders, have spoken against what we -considered Government failure concerning the constitutional obligation to protect the lives and properties of Nigerians; to work for the welfare of everyone, to protect freedom of religious expression; to protect everyone against discrimination on ethnic or religious grounds or any other forms of discrimination. All these are entrenched in the Nigerian Constitution.

Every Nigerian is a stakeholder in the affairs of the country. Every Nigerian has the right to express themselves in a manner that does not incite people to violence or chaos whenever they perceive that the elected Government is failing. A Nigerian does not need to be a registered political party card-carrying member before speaking about the failing economy, the daily killings and kidnappings of students, older men and women; babies and infants; people being killed in IDP camps and even in their homes by insurgents.

Every reasonable Nigerian is sick to the stomach to read or hear of a Governor running from insurgents who want to kill him in the State where he is constitutionally the chief security officer. Nigerians are tired of hearing of bandits taking youths in the University and executing some of them, while others are kept to be used to bargain for ransom. The insecurity is leading to a daily loss of lives and properties in every part of the country. These facts are indisputable. A country where students are no longer safe in schools nor farmers safe in their farms does not have a future to look to.

In the midst of all these, the Presidency recently stated that some religious leaders and some Nigerian politicians are plotting to destabilise the country. The spokesperson for the Nigeria Army noted that there is no plan by the military to take over democratically elected persons. While we reject any call for the destabilisation of Nigeria or military takeover, we nonetheless say to the Federal Government of Nigeria, led by President Muhammadu Buhari, there is no need to focus your energy, time and resources in any form of propaganda against religious leaders who disagree with your performance.

There is no need to spend so much of your time trying to blackmail anyone who criticises your Government. We speak out because we do not want Nigeria to collapse. We are not speaking out for the APC Government to fail. We are speaking out so that Nigeria will not fail. APC is not the owner of Nigeria; Nigeria is owned by Nigerians irrespective of political affiliation. APC Government must learn to listen to every Nigerian, both political actors in other parties and non-political actors in Nigeria and the diaspora. It is not out of place to call for a security summit in whatever form it may take as long as it leads to the unity, peace, justice, progress and protection of Nigerians.

The Federal Government must be transparent with every Nigerian in the struggle to revive our economy, industrialise the nation, objectively deal with corruption and significantly reduce the high level of insecurity and unemployment.

In every democracy, the welfare of the citizens is of great concern to the President. From time to time, Presidents address the people and give an account of the state of affairs in the country. Presidents of countries grant interviews to the media who are the watchdogs of democracy. But in Nigeria, we hardly hear directly from our President. Most of the time, we hear from “the Presidency.” Nigerians did not elect presidential media spokespersons.

Nigerians do want to hear directly from their President and hear words that are matched with actions.

To every religious leader, let us not use inflammatory words that distort the real message we are sending to this Government. We must be united in the fight for our common destiny as a people. It must be clearly stated to the Federal Government that if they continue to ignore the constructive criticisms and recommendations of Nigerians from every sector, the country will collapse and become ungovernable. We are speedily getting there. Police stations are being burnt, our gallant military men and women are being killed, barracks are attacked, IDP camps are attacked, farmlands are invaded, youth unemployment is at its highest, private sectors are not giving enabling environment to thrive, and appointments to offices are not reflective of our diversities; the complaints are almost endless – could the sounds signalling a collapsing nation be louder than this?

In Nigeria, the Catholic Church wants the Federal Government to call for a meeting of all stakeholders to have a sincere discussion on the way forward. Such discussions must seek how to implement the much talked about restructuring and devolution of power down to the local government level.

Let us continue to pray to God to grant the Federal Government and other State actors the wisdom and courage to bring peace and justice to every Nigerian. No Government leader should watch the breakdown of law and order in Nigeria. It is our collective obligation to make Nigeria successful. As religious people, we entrust Nigeria to the hands of God and pray that we may respond to the voice of God calling us out of this crisis.

May God bless Nigeria and keep her safe. Amen.

Sincerely yours in Christ,
Augustine Akubeze,
Archbishop of Benin City
President, Catholic Bishops’ Conference of Nigeria

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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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