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Is Nigeria truly under a spell? By Simon Kolawole

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Is Nigeria truly under a spell?

By Simon Kolawole

In the dying days of his administration in 2007, President Olusegun Obasanjo sold 51 percent of federal government’s stakes in two of Nigeria’s four ailing refineries to Bluestar Oil Services Ltd — a consortium floated by Dangote Oil, Zenon Oil and Transcorp Plc — for $761 million. Shortly after the inauguration of a new administration, the oil industry unions — apparently prompted — kicked that Obasanjo sold the refineries to his cronies, insisted that one of the refineries alone was worth over $5 billion, and staged a four-day strike. President Umaru Musa Yar’Adua gleefully reversed the privatisation and returned the refineries to the Nigerian National Petroleum Corporation (NNPC).

Alhaji Abubakar Lawal Yar’Adua, appointed the NNPC group managing director by President Yar’Adua, told the world in September 2007 that all our refineries would start working at “near full capacity” by December 2007 after “rehabilitation” which, you may want to know, cost us several billions of naira. In preparation for the magic, he said government had awarded a $52 million contract for the repair of the Chanomi Creek pipeline, the main feeder pipeline to Warri and Kaduna refineries blown up by militants in 2006. All was set for the amazing revamp of the 445,000 barrels per day (bpd) refineries, after which we would stop importing petroleum products and live together happily ever after.

What happened next? We are now in September 2023 — on the 16th anniversary of Yar’Adua’s monumental promise — and Nigeria is still waiting for the magic to happen. (As an aside, Yar’Adua was named in the Panama Papers to have secretly bought an £890,000 house in London in 2008 while serving as the NNPC GMD, using a company he registered in the British Virgin Islands — but there is nothing to see there).

Sixteen years after the unions said the Port Harcourt refinery alone was worth $5 billion, no one would buy it for N5 million. Sixteen years after we bungled a major victory for local refining of petroleum products, we are still helplessly and hopelessly hooked on fuel imports.

But Yar’Adua was not alone. Every single president after him promised to get the refineries working at “near full capacity”. President Goodluck Jonathan vowed to raise the dead. Between 2013 and 2015, he reportedly spent $396 million on turnaround maintenance (TAM) — and the refineries have still not worked, although I admit that the fortune of a few individuals experienced turnaround miracles.

In April 2021, Mallam Mele Kyari, the CEO of NNPC Ltd, followed the enviable tradition of his predecessors by signing a $1.5 billion contract to rehabilitate the Port Harcourt refinery. President Bola Tinubu has now customarily promised that the refineries will be back by December 2023.

In summary, 16 years after we reversed the sale of the refineries because they were bought by Obasanjo’s “cronies” and promised to get them back to “near full capacity”, we have burnt billions of dollars on TAM contracts and we are still here waiting patiently and enthusiastically for Godot. We are still promising to get the refineries to work “by December” (why always December?) and have no clue when this bizarre bazaar will be over. From the time of Gen Sani Abacha till date, all the presidents have played the same card of getting the refineries to work. It appears there is a hymn sheet at the Presidential Villa from which they all sing: the harmony is enduring and unbelievable.

 

But you know what? If you take a proper look at the financial and economic implications of fuel importation in Nigeria, you will find a damning explanation for some of the woes overwhelming us today. Shall we discuss the billions of dollars we have burnt on demurrage and storage charges on fuel imports since 1999 (because our ports do not have the adequate reception capacity and the NNPC does not have sufficient storage facilities)? Shall we discuss the fact that the resources we have burnt on demurrage and storage expenses over the same period could have built the biggest refineries in the world and turned us to exporters of both crude oil and petroleum products?

 

Does anyone ever calculate how much of our forex earnings we burn on fuel importation? This is the largest single consumer of forex today. I wonder what might have been if we had taken another route. When Obasanjo was president and we had considerable savings from oil revenue, I campaigned vigorously that we should invest in a new refinery. I was lectured by neo-liberal fanatics that government should not run a refinery, that it should be the business of the private sector. I conceded but with a request: let us build a refinery (since no investor was willing to do so), lease out the management and sell it off after some years. Let us just stop fuel importation by any means!

The cost of the decisions we took — or failed to take — yesterday is coming back to bite us hard today and threatening to pull down the already fragile economy. With dwindling oil output and export, we are currently facing a double whammy: we export little oil and spend the little income to import petroleum products because we do not refine at home. Things got so bad at a stage that we did not have enough crude to exchange for products, so we mortgaged future oil production in order to import petrol for today. We are digging one hole after the other to fill the other holes we have dug everywhere. It is difficult to understand how we do things here and expect positive outcomes.

 

Help me make sense of this. A farmer produces yams and sells a tuber for N2,000 to Mama Put. But because he does not have the mortar and pestle to pound the yam, he goes to the Mama Put to buy a wrap of pounded yam for N1,000. Mama Put can probably make N10,000 per tuber, selling it as pounded, fried, boiled or roasted yam, or making yam flour and amala from it. Mama Put can sell the peels as feed for goats. There are several products from yam! Now, wait for this: our farmer friend runs into a harvest problem and starts buying pounded yam on credit, promising to pay with next year’s harvest. That is Nigeria for you: selling crude oil and spending the revenue to import petrol.

 

The country should be exporting petroleum products — such as petrol, diesel, low pour oil fuel, and jet fuel — and earning billions of dollars, in addition to the little matter of jobs and tax revenue. We want the naira to exchange at N1/$1 (whatever the merits are) but how can you spend all your forex on importing petrol and still expect the naira not to keep losing value? What else are you exporting to earn dollars? Where are the dollars? If income from your biggest export, which used to account for 90 percent of your forex earnings, has been going down for years, what else are you doing to get more dollar inflow into your economy? It seems we are expecting the dollar to fall from heaven.

 

Let us go to Singapore briefly. The country is less than the size of Lagos state and has a population of 5.6 million. But we are not here to discuss land mass and population. My interest is the size of the intellect. The country does not have oil but it has some of the biggest refineries in the world with the capacity to refine 1.5 million bpd. Nigeria, one of the world’s richest in crude reserves, has been having the capacity for 445,000 bpd since 1987 and rarely refines a barrel. Singapore is regarded as Asia’s oil hub and earned $40.8 billion from exporting refined petroleum products in 2021. Yes, $40.8 billion! It is not about resource wealth or political system. It is the brain. Vision. Mission. Passion.

 

What more can I say? Ajaokuta Steel Mill has become a centre of stealing since it was conceived in 1979. Up till today, we have not finished stealing through Ajaokuta. If it was a country where our heads were properly screwed on our necks, we would be earning billions of dollars from exporting iron and steel, to say nothing about the jobs and the value chain in the economy. According to data by CEPII, the leading French centre for research and expertise on the world economy, China earned $61 billion from iron and steel exports in 2021. Japan earned $35 billion, Germany $32.8 billion, Russia $30.5 billion, and South Korea $28 billion. These things start from the brain. It is not magic.

 

Don’t let us get started with palm oil. Forget the legendary story of how an Asian country came to take palm seedlings from Nigeria some decades ago and is now a world leader in the production of the cash crop. As far as I am concerned, that is history and we should move on for Pete’s sake. The part I cannot understand for the life of me is why we keep lamenting as if lamentation ever solved any problem. There are more depressing statistics to share with us but I think we can chew on this for a while: in 2022, Indonesia earned $27.8 billion from palm oil exports alone. I am attracted by the enormous forex earnings for sure, but I am more smitten by the associated economic activities.

 

Let’s be frank: the solution to our economic and security challenges are hidden in plain sight. It is no rocket science. Nigeria can be one of the biggest exporters of palm oil, petrol, solid minerals, name it — if we use our brains positively. We have no business with being a net importer of petroleum products, so much so the aviation industry is sometimes paralysed because of fuel scarcity. Nigeria is the only country that experiences this constant affliction. Some things are too weird about us. That is why some think the country is under a spell. I can’t say if it is a spiritual problem because spiritual matters are above my paygrade, but I am sure that we don’t know what we are doing. We’re lost.

 

But when you see that some sectors are doing well —  fintech and entertainment, for instance — in spite of the government, you cannot but conclude that the political leadership has questions to answer. We have a warped concept of governance. When you run a system where the unwritten code is that leadership is all about personal comfort and there are no consequences for bad behaviour, what you get is a Nigeria. We know what ails us. It’s been well diagnosed. But we have refused to take our medication: competent and patriotic leadership at all levels. Our capacity for shortsightedness and selfishness is legendary and damaging. Do I really need to spell that out again?

 

AND FOUR OTHER THINGS…

GABON GARRISSON

Gabon is the latest African country to come under the jackboot with the overthrow of President Ali Bongo Ondimba shortly after he was declared winner of a flawed election that returned him to office for a third term. He had succeeded his late father, Omar, in 2009. I was amused that father and son had ruled Gabon for a combined period of 56 years before the military coup — only for me to read reports that the new military ruler, Brigadier General Brice Oligui Nguema, is the ousted president’s cousin. I didn’t know whether to be angry or burst into laughter. I now can’t say what is more odious — the father-and-son stranglehold on Gabon or the incursion by their extended family. Africa!

 

COUP CONTAGION

Military coups are back in full force in Africa and I must be one of the least excited. I will say this one more time: military should stay out of politics.

By their training and orientation, soldiers are not primed to govern the civil populace. Most of Africa was ruled by soldiers in the 1970s and 1980s and if they were geniuses, Africa would be competing with the rest of the world today. I will never argue against the notion that there is a general leadership problem on the continent. I will also not deny the fact that liberal democracy has not delivered the dividends as it should. But the military has not proved itself to be better either. Let’s give democracy a chance, no matter how imperfect. Liberties.

 

ALL EYES ON P&ID

There are underground moves by some selfish Nigerians to cut a deal in the P&ID case by seeking to arrest the British high court judgment. The facts, according to our lawyers, are positive for us. More so, we have a right of appeal if we lose, so it is difficult to understand why some fellows are trying to stampede President Bola Tinubu to go for out-of-court settlement. If we win, P&ID and its backers will not get a penny. Instead, the court may ask them to pay our costs. It is already a good signal that a court allowed us to challenge the $6.6 billion (plus interests) award because of allegations of corruption in the contracting process. Tinubu must not cave in to these commission chasers. Greed.

 

AND FINALLY, DAPO ABIODUN VS WALE ADEDAYO

Mr Wale Adedayo, chairman of Ijebu East LGA, Ogun state, bluntly told Mr Dapo Abiodun, the governor, that the “emperor has not clothes”. He accused the governor of hijacking the funds meant for councils — a major obstacle to the proper functioning of the local government system in Nigeria.

The emperor was very angry. Councillors from Ijebu East quickly visited the emperor with their tails between their legs, apologising for Adedayo’s misdemeanour, and wailing: “We are sorry sir! The emperor has clothes! The emperor is not naked!” Seven councillors proceeded to suspend Adedayo for three months over allegations of maladministration and financial mismanagement. Nigeria!

  • Kolawole is the founder and chief executive officer of Cable Newspaper Limited

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Opinion

Saudi Executions: Truth Behind Viral Kissing Claim

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Saudi Executions: Truth Behind Viral Kissing Claim

A Muslim scholar, Mallam Ibrahim Agunbiade, has urged the public to exercise caution over viral claims that two Bangladeshi nationals executed in Saudi Arabia were a married couple killed for kissing inside the Grand Mosque in Makkah, saying available official information does not establish the allegation.

In an article dated October 22, 2026, Agunbiade, a member of Al-Rabwa Islamic Propagation in Riyadh, Saudi Arabia, said the execution of the two Bangladeshis on October 14 had generated widespread controversy, particularly on social media, where claims about the circumstances of their deaths circulated without sufficient verification.

He said the Saudi Ministry of Interior announced that the individuals, identified as Nazrul Islam Abdul Basir and Siti Akhtar, also known as Sweety Akhtar, had been convicted of committing an indecent act inside a mosque in Makkah and sentenced to death under ta’zir, a category of punishment determined under the applicable Islamic legal framework.

According to Agunbiade, the Saudi authorities stated that the judgments had received the necessary judicial approval and that a royal order had authorised the executions.

However, he noted that the ministry’s announcement did not specify the precise act for which the two were convicted or state that they were executed for kissing on the forehead, as alleged in viral social media posts.

The scholar said the distinction was important because claims that the deceased were a married couple who had been punished for kissing inside the Grand Mosque had not been substantiated by the publicly available official statement.

Citing a report published by Bangladesh’s The Daily Star on October 20, Agunbiade said a confidential consular memorandum reportedly indicated that the two were not married but had worked as cleaners for the same company in Saudi Arabia.

He added that the memorandum reportedly stated that Nazrul was detained in August 2023 under Saudi Arabia’s cybercrime law, while Sweety was detained the following day over an allegation of adultery.

Agunbiade said the available information did not explain how the earlier allegations related to the offence subsequently cited in the Saudi government’s execution announcement.

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He further disclosed that Nazrul’s parents had told Bangladeshi media that their son was unmarried and that the family did not know the woman involved.

The Bangladeshi government has reportedly requested copies of the court judgments and further clarification from Saudi authorities, according to the account presented by the scholar.

He said the documents would be important in establishing the precise offences, the evidence considered by the courts and the circumstances surrounding the convictions.

Until the judgments and additional official explanations become available, Agunbiade advised the public against presenting the claims that the pair were newlyweds or were executed specifically for kissing inside the mosque as established facts.

Islamic teachings on the sanctity of mosques

Beyond the controversy surrounding the executions, Agunbiade emphasised that Islam attaches great importance to the sanctity of mosques and appropriate conduct in places of worship.

He cited Qur’an 72:18, which states: “And the mosques are for Allah, so do not invoke anyone along with Allah.”

According to him, the verse underscores the sacred purpose of mosques as places devoted to the worship of Allah.

He also referred to a narration in Sahih Muslim concerning the purposes of mosques, including the remembrance of Allah, prayer and the recitation of the Qur’an.

Agunbiade said Muslims should respect these sacred spaces and avoid behaviour that distracts worshippers or undermines their religious purpose.

However, he cautioned against using religious teachings to justify the circulation of unverified allegations or drawing conclusions about a criminal case without sufficient evidence.

Qur’an warns against spreading unverified information

The scholar said the controversy also highlighted the importance of verifying information before sharing it, particularly when reports involve criminal allegations, religious sensitivities and the lives of individuals who can no longer respond to claims made about them.

He cited Qur’an 49:6, which instructs believers to investigate information brought by an unreliable source before acting upon it.

The verse states: “O you who believe, if a rebellious person comes to you with information, investigate it.”

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Agunbiade also cited a narration in the introduction to Sahih Muslim, commonly numbered Hadith 5, which warns that a person may be considered a liar if they narrate everything they hear.

He said the teachings were particularly relevant in an era when sensational claims could spread rapidly across social media platforms, often reaching large audiences before journalists or other responsible parties had established their authenticity.

According to him, journalists, religious commentators and members of the public have a duty to distinguish verified facts from allegations, speculation and unconfirmed accounts.

He warned that repeating a claim without checking its authenticity could mislead the public, damage reputations and inflame religious or social tensions.

Calls for clarification should not be confused with rejection of justice

Agunbiade also addressed questions surrounding the judicial proceedings that resulted in the executions, saying the reported request by the Bangladeshi government for copies of the judgments and further clarification deserved attention.

He cited Qur’an 16:90, which states that Allah commands justice and excellence, to underline the importance of fairness and accountability.

The scholar argued that seeking clarification about a criminal case should not automatically be interpreted as rejecting a court’s judgment.

Rather, he said, understanding the precise offence, the evidence presented and the circumstances of the proceedings was essential to an informed assessment of the case.

He also cautioned against drawing conclusions from the timing of the executions alongside international political developments, saying that the coincidence of events did not, by itself, establish a connection.

Any such suggestion, he maintained, would require credible supporting evidence.

Facts must be separated from speculation

Agunbiade concluded that the information presented in the Saudi Ministry of Interior’s announcement established that two Bangladeshi nationals had been executed after being convicted of an indecent act inside a mosque in Makkah.

However, he stressed that the announcement, as described in his article, did not substantiate the viral claim that the two were a married couple executed specifically for kissing on the forehead inside the Grand Mosque.

He called for responsible reporting and urged the public to avoid treating unverified social media narratives as confirmed accounts of the case.

The scholar said respect for the sanctity of mosques should go hand in hand with respect for truth, justice and responsible journalism.

As questions remain about the precise offence and the circumstances of the proceedings, the full court judgments and further official clarification from the relevant authorities would be necessary to establish a more complete account of the case.

The allegations circulating online should therefore be distinguished from the information confirmed in the publicly described official announcement, pending the release of further details.

Saudi Executions: Truth Behind Viral Kissing Claim

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OPINION: Who Still Needs the NYSC? — By Bola Bolawole

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Bola Bolawole

OPINION: Who Still Needs the NYSC? — By Bola Bolawole

The recent abduction of National Youth Service Corps (NYSC) members travelling from Ibadan, Oyo State, to orientation camps in the South-East and South-South has once again raised a difficult question: does Nigeria still need the NYSC in its present form?

The question is not new, but the latest incident has made it more urgent.

On October 1, two buses conveying NYSC members and other passengers from Ibadan to Uyo, Akwa Ibom State, and Bende, Abia State, were attacked by suspected armed men in Imo State. The police subsequently reported that 10 victims had been rescued, while efforts continued to establish the exact number of people still in captivity.

If the abducted young Nigerians travelled from Ibadan, some of them could be from Oyo and neighbouring South-West states, although victims may also have come from other parts of the country. The incident should therefore concern Nigerians collectively.

Governors whose citizens are affected should not leave the matter entirely to the Federal Government. Even where they do not directly control the police or military operations, they can support affected families, communicate with them and provide whatever assistance falls within their powers.

Questions over police handling

There are also serious questions about how information concerning the operation was handled.

The Imo State Commissioner of Police, CP Audu Bosso, disclosed that security operatives had located the kidnappers’ camp but were unable to immediately advance because intelligence indicated that the area had been mined with explosives. He also spoke about the use of drones and preparations for further operations.

That raises an important question about the disclosure of sensitive operational information while a rescue operation is still ongoing.

Security agencies must communicate with the public, but such communication should not inadvertently expose operational strategies, locations or vulnerabilities that could assist criminals.

The media, too, must exercise responsibility. The desire to break news or attract traffic should never override the safety of victims or security personnel.

Why was NYSC established?

The National Youth Service Corps was established by Decree No. 24 of May 22, 1973, following the Nigerian Civil War.

According to the NYSC, the scheme was created to promote national unity and develop common ties among Nigerian youths. Its broader purpose was to encourage young Nigerians to serve communities outside their immediate cultural and geographical environments.

The idea was understandable.

Nigeria had just emerged from a devastating civil war. The wounds were still fresh, distrust among different sections of the country was considerable, and there was an urgent need to rebuild bridges.

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The NYSC was therefore conceived as an instrument of reconciliation, integration and national development.

But more than five decades later, we must ask whether the circumstances that gave birth to the scheme still exist in the same form — and whether the scheme is achieving its original objectives.

Fifty-three years later, what has changed?

The NYSC has undoubtedly produced benefits.

Millions of young Nigerians have lived and worked outside their home states, interacted with people from different ethnic and religious backgrounds and contributed to communities through their primary assignments and community development projects.

For many Nigerians, NYSC remains one of the few institutions where young people from different parts of the country experience Nigeria beyond their immediate environments.

But the challenges have also become enormous.

Over the years, corps members have died in road accidents while travelling to their places of primary assignment or during their service year. More recently, insecurity, terrorism, banditry and kidnapping have introduced an additional and frightening dimension to the risks confronting young Nigerians serving their country.

The latest abduction therefore forces us to ask:

For how long should young graduates be compelled to travel long distances and serve in places where their safety cannot be guaranteed?

And more importantly:

Is the present structure of the NYSC still the best way to promote national unity?

Has the NYSC achieved its central objective?

After more than five decades of the NYSC, Nigeria continues to struggle with ethnic suspicion, regional grievances and demands for greater autonomy or restructuring.

The emergence of groups such as MASSOB and IPOB in the South-East, alongside various self-determination and restructuring movements in other parts of the country, suggests that the challenge of national cohesion has not disappeared.

The South-West, too, has witnessed the emergence of different groups advocating varying forms of restructuring and self-determination.

These developments do not necessarily mean that the NYSC has failed. National integration is far more complicated than a single government programme.

But they should compel policymakers to examine whether the original model remains adequate for today’s Nigeria.

Reform rather than sentiment

The answer may not necessarily be to abolish the NYSC overnight.

There may be a strong case for fundamentally reforming it.

A modern national service programme could place greater emphasis on skills acquisition, technology, entrepreneurship, healthcare, education, disaster response and community development.

The compulsory nationwide posting system could also be reviewed, particularly where security conditions make deployment dangerous.

Nigeria should not continue doing something simply because it has been done for 53 years.

At the same time, we should not discard an institution simply because it has weaknesses. The real question should be: what works, what no longer works, and what should replace it?

Time to rethink government agencies

The NYSC debate should also be part of a broader conversation about the cost and effectiveness of government institutions.

Nigeria has numerous Ministries, Departments and Agencies whose functions sometimes overlap, while some institutions have become largely ineffective.

The Federal Government should therefore revisit recommendations on restructuring and rationalising government agencies, including the Oronsaye reforms.

The objective should not merely be cutting institutions for the sake of cutting them. It should be about creating a leaner, more efficient government that delivers better services to Nigerians.

Who still needs the NYSC?

That is ultimately the question.

The NYSC was born out of the circumstances of post-Civil War Nigeria. Its founders wanted young Nigerians to develop common bonds and a stronger sense of national identity. Those objectives remain desirable.

But the Nigeria of 2026 is not the Nigeria of 1973.

Our security challenges are different. Our population is different. Our economy is different. Our young people face different challenges. Technology has transformed communication and interaction.

The government must therefore have the courage to ask whether the NYSC should continue unchanged, be radically reformed, or eventually replaced with a more effective national service framework.

What we cannot continue to do is expose young Nigerians to avoidable danger simply because a policy was created more than half a century ago.

National unity is important. But so is the safety and dignity of the young Nigerians who are expected to serve the nation.

Bola Bolawole, a former Editor of PUNCH Newspapers, Chairman of its Editorial Board and Deputy Editor-in-Chief, writes columns for Nigerian newspapers.

Source note: The opinion is adapted for Newstrends.ng from Bola Bolawole’s October 7, 2026 article. The NYSC’s official account confirms that the scheme was established by Decree No. 24 of May 22, 1973, principally to promote national unity and common ties among Nigerian youths.

OPINION: Who Still Needs the NYSC? — By Bola Bolawole

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Nigeria — My Country of Destiny

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Nigeria — My Country of Destiny
Mrs Bolatito Ajibode

Nigeria — My Country of Destiny

A speech delivered by Mrs Bolatito Ajibode, Convener, Independence Day Fiesta, at Landmark Events Centre, to mark Nigeria’s 66th Independence Anniversary

Nigeria is my country of destiny.

It is not a coincidence that I was born here. God had me in mind when He blessed this land.

It is not a coincidence that this prosperous land is populated by people of different cultures; hence, our tongues and tribes differ. We call it PRODIVA — Prosperity in Our Diversity.

The Lord finished the work of creation and should be praised for loading us with the benefits of arable soil, mineral-rich land, solid minerals, oil and gas, and a market of over 200 million people. Many are yearning for these endowments and have come to our land to explore and exploit them.

Our endowments are beckoning on us for exploration. The few who have taken up the challenge, like Dangote, are smiling to the bank by converting our huge deposits of limestone into cement and refining our crude oil into petroleum products. He has taken Nigeria to the global stage, and we are all proud of him as our brother.

We, however, need more Dangotes.

Last year, we had our maiden edition at Muri Okunola Park, where we challenged ourselves to do more by building a side hustle in addition to our 9-to-5 jobs.

We urged ourselves to:

  1. Start small from where we are and grow.
  2. Explore the vast resources of this country to create wealth.

I am happy to say that we have positive testimonies from those who have started their side hustles, making extra income and contributing to the total income of Nigeria.

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Having laid a solid foundation last year, our goal this year is to cement it and contribute, individually and collectively, to the per capita income of Nigeria.

The desired growth of Nigeria can only come as we add value to the wealth of the nation in our own little corners.

That is the only variable we can control because the other variable — population — is outside our control.

We are typically excited about our young population and proudly rejoice that Nigeria is projected to become one of the five most populous countries in the world by 2050.

The question we need to ask is: How do we house, feed and clothe this growing population?

Certainly, having a young population is good, but it can also become an easy path to poverty and insecurity if we are not deliberate about growing national wealth and baking a bigger national cake.

Yes, our business environment is tough and unstructured. It raises the entry barrier because many are not ready to weather the storm. Those who are able to stay and thrive in this tough business environment have overcome the challenges, and some of them are here with us today.

A deep appreciation to our keynote speaker, Mrs Chinwe Ezenwa, the Managing Director of Lee Look Bags, who has been in the business of Ankara and Aso-Oke fabric bags for four decades. We look forward to drinking from her fountain of knowledge this morning.

Also in our midst is our brother, Mr Ola Awakan, the Director-General of the Nigerian Tourism Development Authority, who has used literature and poetry to deliver compelling indigenous stories from the heart. He has come with his team all the way from Abuja to honour us.

During the panel session today, we will hear the success stories of our panelists and also interact with them during the networking session.

In line with the theme of the year, we would like us to consider:

  • Low-hanging fruits in our business environment;
  • Low-technology business ideas;
  • Businesses that are authentic and unique to us;
  • Commercialising our indigenous values and ideas in food, clothing, arts and drama.

We need to own and dominate this space!

Today, we have in this room great men and women who have taken these indigenous values and ideas to the global stage.

They will share their PRODIVA stories and inspire us.

I believe their insightful stories will also challenge the invited students from Yaba College of Technology, the University of Lagos and Lagos State University.

The idea is to catch them young. 😍

Please note: the Independence Day Fiesta is not about storytelling alone. We are also going to have fun.

We have about four performances, including spoken-word poetry, drama, drumming, music performances and Naija music with good lyrics.

We will also break out for lunch to enjoy various Naija cuisines.

It is my prayer that, at the end of the session, we will all have our takeaways and begin to water the seed of prosperity in our diversity.

Once again, thank you for coming. Please relax and have fun.

Nigeria — My Country of Destiny

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