Nigeria’s economic crisis deeper than Great Depression of 1929 - Afenifere - Newstrends
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Nigeria’s economic crisis deeper than Great Depression of 1929 – Afenifere

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Chief Ayo Adebanjo

Nigeria’s economic crisis deeper than Great Depression of 1929 – Afenifere

The pan-Yoruba sociopolitical group, Afenifere, has accused President Bola Ahmed Tinubu’s administration of driving Nigeria into an economic crisis even more severe than the Great Depression of 1929.

Afenifere claims Nigeria’s current economic woes surpass those of the Great Depression, highlighting sharp declines in the naira’s value, real wages, and overall economic performance since 2014.

In a statement released yesterday, Afenifere, led by Chief Ayo Adebanjo, condemned Tinubu’s response to a recent visit by the Patriots, headed by Chief Emeka Anyaoku, who urged the need for a new constitution.

President Tinubu reportedly said he would focus on economic reforms before considering restructuring. Afenifere finds this approach unacceptable.

Anyaoku, the former Commonwealth Secretary-General, led the Patriots to the Presidential Villa to advocate for a new constitution. This request has sparked varied reactions from leaders across Nigeria’s geopolitical zones.

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Afenifere, in a statement signed by Adebanjo and National Publicity Secretary Prince Justice Faloye, argued that the president’s economic reforms have brought “economic hardship” and a lower standard of living.

The group insists that restructuring is vital, as it lays the groundwork for economic recovery and addresses Nigeria’s diverse challenges.

“We urge the president to rethink his strategy. A holistic plan addressing economic and political reforms simultaneously is essential, not just isolated economic actions,” the statement said.

Afenifere asserts that Nigeria’s economic problems stem from its political structure, which favors central control and economic dependency over prosperity.

“A constitution is a social contract between the government and its people. With Nigeria’s centralized and imbalanced system, both governance and societal welfare suffer. A new social contract with balanced political and economic responsibilities is needed,” the statement continued.

“Responsible leadership should push for significant economic and political restructuring, not just superficial reforms. Devolving power to federating units, as recommended in the president’s party’s El-Rufai Committee report, is key to achieving peace, harmony, and national unity,” the group concluded.

Nigeria’s economic crisis deeper than Great Depression of 1929 – Afenifere

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We Must Build Beyond the Next Elections’ — Shettima

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We Must Build Beyond the Next Elections’ — Shettima

Vice-President Kashim Shettima has called on political leaders to look beyond election cycles and leave behind institutions that can continue to benefit Nigerians.

His remarks came at the Abuja presentation of Brigadier Musa Usman (1940–1991): Service and Impact, a book documenting the life and public service of the late military governor of the former North-Eastern State.

Represented by Aliyu Modibbo Umar, Shettima said leadership should be measured by the value that remains after an administration has left office.

We must recover the spirit of selflessness in public service,” he said, urging leaders to “build beyond the next elections and think beyond political boundaries.”

He listed reconstruction, agriculture, education, transport, energy, industrialisation, jobs, environmental restoration, peace and security among areas where leaders must take a long-term approach.

The Vice-President pointed to Musa Usman’s administration as an example of how development can outlive a political tenure. Usman governed the former North-Eastern State from 1967 to 1975, and the region he once administered now covers six states in the North-East.

Shettima said Usman played a major role in developing Maiduguri and establishing infrastructure and institutions that later administrations were able to build upon.

Governor Babagana Zulum, who spoke at the event, described Usman as a leader who combined effective governance with integrity, discipline and humility.

Zulum said the late governor’s contributions included investments in education, healthcare and infrastructure, as well as efforts to strengthen the region’s economy.

The book, written by journalists Mahmud Jega and Theophilus Abbah, also traces Usman’s military career and his rise to leadership at a young age. It was published to preserve his record and the history of the former North-Eastern State.

Shettima said preserving such history could help younger Nigerians understand that lasting public service is about strengthening institutions and improving lives, rather than simply holding office.

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I Wanted to Disgrace Tinubu — Omokri Reveals What He Discovered at Chicago Varsity

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I Wanted to Disgrace Tinubu — Omokri Reveals What He Discovered at Chicago Varsity
Chicago State University, President Bola Ahmed Tinubu

I Wanted to Disgrace Tinubu — Omokri Reveals What He Discovered at Chicago Varsity

Nigeria’s ambassador-designate to Mexico, Reno Omokri, has recounted what he described as an unexpected twist during his visit to Chicago State University (CSU) in the United States, saying he initially travelled there with the intention of scrutinising President Bola Ahmed Tinubu’s academic history.

Omokri, a former aide to ex-President Goodluck Jonathan and now a diplomatic appointee of the Tinubu administration, reportedly made the disclosure while recounting his earlier position on the controversy surrounding the President’s academic credentials.

According to the account circulating online, Omokri said his original objective was to find information that could be used to discredit Tinubu, particularly amid years of controversy over the President’s educational background.

However, he said what he encountered at the university changed his understanding of the matter.

Omokri was quoted as saying that he went to Chicago State University with a predetermined objective—to investigate Tinubu and, if possible, expose inconsistencies that could damage the President politically.

But, according to his account, the findings did not produce the outcome he expected.

Instead, he said he became convinced that Tinubu had genuinely been admitted to and attended Chicago State University.

The development is significant because Tinubu’s educational history has remained one of the most contentious issues surrounding his political career, particularly since the 2023 presidential election.

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The controversy intensified in 2023 when former Vice-President Atiku Abubakar obtained a United States court order compelling Chicago State University to release documents relating to Tinubu’s academic records.

The records were subsequently released following the order of a US federal judge. Reports at the time said the university’s records confirmed that Tinubu attended the institution and graduated in 1979.

CSU Registrar Caleb Westberg also testified under oath that Tinubu had attended and graduated from the university.

However, the controversy did not completely disappear because questions were raised about the specific diploma submitted by Tinubu to Nigeria’s electoral authorities.

Reports of the US proceedings indicated that the university had Tinubu’s academic record but could not authenticate a particular diploma presented to Nigerian authorities because that exact document was not in the university’s possession.

Against that background, Omokri’s reported admission represents a striking change in tone, considering his earlier opposition to Tinubu.

His account suggests that his visit to Chicago State University was initially motivated by political scepticism but ultimately left him convinced that there was indeed a genuine academic connection between Tinubu and the institution.

The development has generated reactions on social media, with supporters of the President viewing Omokri’s account as further vindication of Tinubu’s claim that he attended the Chicago university.

Critics, however, are likely to maintain that the issue was never simply whether Tinubu attended Chicago State University, but also concerned questions surrounding documents, identity details and the certificate submitted to the Independent National Electoral Commission (INEC).

The available reporting from the 2023 legal proceedings provides an important distinction. There is substantial documentary evidence that Tinubu attended Chicago State University and graduated in 1979. CSU’s registrar testified to his attendance and graduation, while the university released academic records pursuant to a US court order.

At the same time, the controversy over the particular diploma submitted to INEC was not identical to the question of whether Tinubu attended the university.

That distinction has continued to fuel political arguments between supporters and opponents of the President.

Tinubu’s education has remained a recurring political issue since the 2023 election, with opponents repeatedly questioning aspects of his academic credentials, while his supporters argue that the available university records establish his attendance and graduation.

The latest account attributed to Omokri therefore adds another dramatic chapter to a controversy that has survived the election, court battles and the release of university records.

For Omokri, the story appears to have taken an unexpected turn: he said he went looking for ammunition against Tinubu but returned convinced that the President was, in fact, admitted to Chicago State University.

I Wanted to Disgrace Tinubu — Omokri Reveals What He Discovered at Chicago Varsity

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“Not as Corrupt as the World Thinks”: Reno Omokri Defends Nigeria’s Image and Safety

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Citing economic growth and safe public festivals, Reno Omokri urges the nation to tell its own story rather than rely on external perception indexes.

Nigeria is not nearly as corrupt or unsafe as foreign reports claim, according to Reno Omokri, Nigeria’s Ambassador-designate to Mexico. In a television interview on Channels Television, Omokri explained that international assessment groups often misunderstand Nigerian customs because they apply global benchmarks that ignore local traditions.

A central issue, Omokri noted, is how different cultures view appreciation. In Nigerian society, offering a gift to say thank you to an official who provides excellent service is a familiar sign of respect, much like tipping in other parts of the world.

However, international observers often label this practice as corruption. Omokri stated that the country needs to share its own experiences directly with the world rather than allowing outside groups to set a negative narrative.

Omokri also defended the country’s safety record by pointing to Lagos, where the economy has expanded steadily and major cultural events draw massive crowds.

He highlighted the annual holiday season in Lagos, which brings more than one million visitors together peacefully each year. For Omokri, these vibrant events show that everyday life in Nigeria is full of energy, community warmth, and safety.

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