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Farooq Kperogi: World Bank’s 15-year death sentence on Nigeria

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Farooq Kperogi

Farooq Kperogi: World Bank’s 15-year death sentence on Nigeria

The World Bank’s Senior Vice President by the name of Indermit Gill, who is originally Indian, incited mass panic in Nigeria on October 14 when he said Nigeria would need to sustain its current soul-sucking, agonizingly punishing, and self-destructive “reforms” for “at least another 10 to 15 years to transform its economy.”

Gill’s speech at the 30th Nigerian Economic Summit in Abuja—which read partly like the smug, cloying, self-congratulatory bluster President Bola Tinubu would write and partly like the intentionally obfuscating gobbledygook of dubious experts who want to conceal the truth from the uninitiated—elicited verbal and nonverbal expressions of fervent disapproval from the well-fed elites of the Nigerian Economic Summit Group and the Ministry of Budget and National Planning (who planned the event) when he said Nigeria must continue this path of national self-incineration “at least another 10 to 15 years.”

Gill was compelled to wonder aloud if the murmurs his callous exhortation triggered were a signal of disagreement or agreement from his audience. The camera zoomed in on people nodding discontentment or using their fingers to gesture disapproval. If he is smart, he would know the answer to his question.

But the soulless, blood-sucking economic vampire was unmoved. He insisted that enduring “terrible hardship across the breadth of Nigerian society” (his words) as a consequence of the gutting of petrol subsidies is the only way to “become the engine of growth in sub-Saharan Africa.” “It is very difficult to do these things,” he said, “but the rewards are massive.” What massive rewards can come out of policies that take both lives and means of livelihood?

The phrase “at least” suggests that 10 to 15 years of piecemeal national mass immolation is the irreducible minimum required to achieve prosperity. That is, 10 to 15 years is the smallest possible national self-annihilation Nigeria has to endure to “transform its economy.” Since the least possible effort can’t always guarantee success, it means it would take more than 15 years (possibly 50 years— or even eternity) to achieve prosperity through national mass annihilation.

Well, since President Tinubu can’t rule longer than seven more years (assuming he wins a second term in 2027), the World Bank has effectively prepared the perfect, ready-made alibi to explain away the irrecoverable harm its loathsome and baleful prescriptions will visit on Nigeria in the next few years.

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Tinubu’s successor, whoever that may be, would be insane to continue with this mass obliteration of the populace they call “reforms.”

If he or she has brain cells in his or her skull and reverses this ruinous course, the World Bank would say, “Well, we told you that you needed to incinerate yourselves for at least 15 more years before you can have a chance at living. Since you brought yourselves back to life after only eight years of being in the burner, you are not sufficiently cooked, and we are not responsible for the burns and devastation that eight years of incineration brought to you. You see, you can only live if you burn yourselves alive, which you refused to do.”

This caricature might come across as grotesque and transgressive of the bounds of reasonableness, but it faithfully captures the logic of World Bank economic prescriptions for developing countries: you need to die before you can live.

If not, how could anyone celebrate the democratization of privation? “The price of [petrol] has quintupled since the subsidy cuts, imposing terrible hardships across the breadth of Nigerian society,” Gill said with a triumphant tone.

Well, one of the unspoken, unacknowledged but nonetheless far-reaching consequences of the quintupling of petrol prices is the slow but sure death of what remained of Nigeria’s education. Because of the dire existential precarity that the unaccustomed and ceaseless hikes in petrol prices have caused, many children are dropping out of school like leaves abandoning a tree before the storm hits.

A National Assembly member told me a few days ago that a prominent emir in Northwest Nigeria confided in him that he was alarmed by the sheer number of young people who are dropping out of school (at all levels of education) in his traditional sphere of authority because parents can’t afford to feed, and they consider paying the school fees of their children a burden they can’t shoulder.

This tragedy, this conscienceless assassination of the future of our youth in the service of the World Bank, isn’t limited to the North.

Two weeks ago, a close relative of mine who lives in the Southwest requested my assistance to pay the school fees of five children who were roaming the streets because they had been sent home from school for failure to pay their school fees.

Their father disappeared without a trace before he couldn’t cope. Their mother, a petty trader, manages to feed the children once in a day on a good day. But they used to get by before Tinubu’s “economic reforms” upended their lives.

We in the North are in a worse state because we are already behind the rest of the country in educational attainment. Now we are sliding even further as the sting of Tinubu’s World Bank-instigated “reforms” disrupts lives.

When a “reform” rolls back gains in school enrollment and effectively jeopardizes the future of the youth and of the country, you have to wonder why you need to implement it for at least 10 to 15 years to “grow.” It’s like pulling bricks from the foundation of a house in the name of building a taller roof. What good can possibly come out of that?

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What sort of “reform” contracts the economy, diminishes the productive sector, reduces the purchasing power of the people, reverses growth in education, and even kills people’s will to live?

Tinubu has repeatedly assured Nigerians that the dark tunnel of his “reforms” will produce light during his presidency and that Nigerians only have to endure a temporary penance. But the World Bank, his puppeteer, has undercut his message. It says it will take at least 10 to 15 years of maintaining these “reforms,” which extend beyond the time he is constitutionally allowed to rule, to see any benefits.

In other words, Nigerians are condemned to unmitigated anguish and deprivation for a deferred benefit that will never come since Tinubu won’t be around for the next 10 to 15 years, and his “reforms” would probably ensure that Nigerians don’t elect another neoliberal World Bank/IMF flunkey who will tout mass starvation of the citizenry as praiseworthy “reform.”

And here’s the uncomfortable truth: history offers too many cautionary tales of developing nations that have followed this very same script, only to find themselves worse off. Argentina in the early 2000s, for instance, stood on the precipice of ruin after blindly swallowing the IMF’s bitter medicine. With a wild, neoliberal, anarchist wacko of a president called Javier Milei, Argentina is back in the pit of World Bank/IMF hell.

Ecuador, too, suffered a devastating financial crisis when it adopted policies that hollowed out its middle class.

The World Bank and its cadre of international experts rarely account for the peculiarities of each nation’s economic and social dynamics. What they offer is a one-size-fits-all solution that has often wreaked havoc on the most vulnerable.

Nigeria is being told to trust this path, but development doesn’t emerge from policies that wipe out the middle class, impoverish the population, and render a nation’s currency barely worth the paper it’s printed on.

True development is rooted in fostering economic diversity, building local industry, and safeguarding the purchasing power of ordinary citizens. It’s about listening to the rhythm of the local economy and respecting its complexity, not bulldozing over it with a neoliberal agenda crafted in the halls of Washington.

No doubt, Nigeria’s economy has long needed repair. But it is one thing to call for reform and another to advocate for policies that feel like economic warfare on your own people. Tinubu may believe that this is a necessary sacrifice, but the logic of endless suffering in the name of eventual relief is deeply flawed. Countries do not develop by punishing their citizens into submission.

We must ask ourselves: how much longer can Nigeria afford to endure policies that erode its very foundation? For a nation whose citizens have weathered so many storms, the path forward must be built not on external dictates but on an understanding of Nigeria’s unique strengths and vulnerabilities. And while the World Bank preaches patience from afar, Nigerians know better than most that promises of future prosperity mean little when the present is unbearable.

A leader worth following is one who understands this. A leader who places the needs of the people above the dictates of international financial institutions. Nigeria cannot afford to pay this price much longer, and Bola Tinubu’s legacy may well rest on whether he is willing to listen to the cries of his people—or whether he will remain a distant echo of the world’s technocrats.

Farooq Kperogi: World Bank’s 15-year death sentence on Nigeria

Farooq Kperogi is a renowned newspaper columnist and United States-based Professor of Media Studies. 

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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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Opinion

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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