Tag: Osinbajo

  • Why I snubbed Osinbajo’s Aso Villa invitation – Mr Macaroni

    Why I snubbed Osinbajo’s Aso Villa invitation – Mr Macaroni

    Comedian, Debo Adebayo aka Mr Macaroni, has explained why he declined an invitation to meet Vice President Yemi Osinbajo.

    The Vice President on Wednesday hosted a team of young skit practitioners at the Presidential Villa, Abuja.

    The delegation, under the aegis of the Nigeria Skits Industry Awards (NSIA), was led by its promoter, Bimbo Daramola.

    Those on the delegation were Maryam Apaokagi popularly known as Taooma; Josh Alfred (Josh2funny); Ayo Ajewole (Woli Agba); Adebamiro Adeyanju (Mr Hyenana) and Adeoye Adeyemi Elesho (Yemi Elesho).

    The visit has since attracted criticisms for those who attended.

    While social media users lashed those that attended, they commended Mr Macaroni for not going.

    Speaking on his absence, in a lengthy post on social media, Mr Macaroni, who has been lending his voice to social injustice, said he declined because of his anger with political leaders.

    He said he does not want to be associated with them because of how the country has been governed over the years.

    Mr Macaroni however said he believed those that went did so in their quest for a better nation as that’s what they’ve been fighting for all these while.

    He said; “First, I do not think there is an association of skit makers. If there is, then I don’t know anything about it. And that would be fine because I am an Actor/Thespian first before the Tag “Skit Maker”.

    “So I don’t think those that went to see the VP without me or anyone else meant to sideline me. I want to believe they were invited to see The VP by the organizers of an Award Ceremony the same way I was invited. The only difference is that I declined the invitation.

    “The reason I declined is simple. As a citizen, I’m not happy with our leaders and I do not want to associate with them. It’s ok if others believe that sitting with the Govt will change certain things and decide to try it out. I don’t think they should be crucified for that.

    “I have just seen too much to know that The govt sees and hears everything. They and their workers are always on the Internet. They know what we cry and complain about and they do nothing about it. So what will sitting down with them to tell them what they already know change?

    “I don’t know what was discussed in that meeting as I wasn’t there. But I don’t believe those that went would go there to say anything other than demanding for better governance and leadership as we all have been doing all these while.”

  • Young Nigerians’ talents is reason to believe in Nigeria – Osinbajo

    Young Nigerians’ talents is reason to believe in Nigeria – Osinbajo

    Even as the Federal Government will continue to create an enabling environment for the growth and development of youths in the country, the creativity/ talents of Nigeria’s youth population is enough reason to believe in the future of this country and building a new Nigeria that every Nigerian would be proud of, according to Vice President Yemi Osinbajo, SAN.

    The Vice President stated this on Wednesday when he received on a courtesy call at the Presidential Villa, Abuja, a delegation of young Nigerian (comedy) Skit Industry practitioners under the auspices of the Nigeria Skits Industry Awards (NSIA), led by its promoter, Hon. Bimbo Daramola.

    The delegation included Maryam Apaokagi, popularly known as Taooma; Josh Alfred (Josh2funny); Ayo Ajewole (Woli Agba); Adebamiro Adeyanju (Mr. Hyenana), Adeoye Adeyemi Elesho (Yemi Elesho), among others.

    Commending the creativity of the Nigerian youths, the Vice President said, “I strongly believe that what our young people are doing and what they are capable of, is what will lead our country to where we are meant to be. The future is not tomorrow, it is already here and we can see it from just everything you are doing, the global acclaim that you are getting; young people like yourselves, doing something good.”

    Noting that he has watched some of their skits, the VP added, “I think that we have incredible talent and we must do something about it …enable these talents, and we must ask ourselves questions on setting realistic goals that can enable these talents flourish. I must say that just based on the sheer creativity around this, I don’t think that anybody anywhere is as funny as Nigerian comedians,” he said.

    Osinbajo urged the young skit comedians to use their huge following on social media and on the Internet to promote issues for social good and impact, stating that, “everyone with a large following also has a responsibility to draw attention to these issues.”

    On the support of government for the creative industry, the Vice President highlighted the work of the Technology and Creative Advisory group in shaping policies to encourage the growth of the sector.

    “Why I think this engagement (with skit comedians) is important is because this is the way to go. Let us sit down and look at all the issues and come out with realistic positions that can then become policies, and what sort of support will be required,” he stated.

    The Vice President also addressed a couple of issues that was raised by the youths, including the Twitter ban, the harassment of youths by the police and law enforcement officers and the need to improve the country’s public education system.

    On the issue of public education, the VP noted how the FG, through the National Economic Council (NEC), is working in collaboration with state governments to improve public education, including primary and secondary schools which fall under the auspices of state governments.

    The VP noted that the Federal Government is already making efforts to address these issues, including resolving the Twitter ban, ensuring that young Nigerians and all Nigerians are protected and their rights respected by law enforcement officers.

  • The `siege is over,’ Osinbajo declares at PFN thanksgiving in Jos

    The `siege is over,’ Osinbajo declares at PFN thanksgiving in Jos

    Vice-President Yemi Osinbajo on Saturday in Jos, joined Plateau’s Gov. Simon Lalong and other clergymen to declare prophetically that the siege of banditry, insurgency and kidnapping is over.

    Osinbajo made the declaration in his message to the annual thanksgiving service of the Pentecostal Fellowship of Nigeria (PFN), Plateau State Chapter.

    The theme of the thanksgiving is: “It is good to give thanks unto the Lord.’’

    The vice-president urged Christians to always speak blessings to Nigeria.

    “The word of God reminds us that the glory of the later temple shall be greater than the former.

    “The Church of God is coming to a season of greater glory; of peace and of victory, and you are coming to a time of elevation and victory in Jesus name.

    “The Church of God is coming to a new season; a new season of glory, a new season of victory; we have seen that time; we have seen it and it is before us; and it shall be so in the name of Jesus.

    “Let us repeat three times: `the siege is over; the siege is over; the siege is over; in Jesus Mighty name, Amen,’’ the vice-president prayed.

    In his goodwill message, Gov. Lalong thanked the vice-president for attending the event.

    The governor prayed that peace be restored to Nigeria.

    He prayed God to expedite the end of the siege of evil forces on Nigeria.

    In his exhortation, Bishop Wale Oke, National President, PFN, thanked God for being merciful to Nigeria.

    According to him, it is a good thing to give thanks to God.

    “In times of our pains, we come to God; prayer is the solution; we can’t stop praying until we achieve the Nigeria of our dreams.

    “I want to prophesy; Nigeria, the siege is over; whether it is the siege of banditry, kidnapping, Boko Haram or others,’’ he prayed.

    Earlier in his address of welcome, Rev. Stephen Dangana, Chairman, Plateau Chapter, PFN, thanked the vice-president for the value and honour he attached to the occasion.

    He said that that irrespective of circumstances confronting the nation, thanks should be given to God.

    On his part, Prophet Isa El-Buba, Vice-President, North-Central, PFN, offered prayers and prophesied a brighter future for Nigeria.

    The thanksgiving service featured song ministration, exhortation, thanksgiving and special prayers.

  • 2023: Tinubu, Osinbajo in closed door meeting in Abuja [Photos]

    2023: Tinubu, Osinbajo in closed door meeting in Abuja [Photos]

    Vice President Yemi Osinbajo and the National leader of the All Progressives Congress, APC, Asiwaju Bola Tinubu are currently meeting in Abuja.

    There have been rumours that the duo have locked horns over their 2023 presidential ambitions.

    But on Friday, Tinubu and Osinbajo met in Abuja and were locked in a deep embrace after which they entered into a meeting.

    Their meeting has put doubters to shame that there is no love lost between the duo.

  • Insecurity: Some Nigerians playing God, fail to believe in Him – Buhari

    Insecurity: Some Nigerians playing God, fail to believe in Him – Buhari

    By Emman Ovuakporie

    President Muhammadu Buhari on Thursday said some set of Nigerians are already playing the role of God by failing to put their faith in Him as insecurity persists in the country today.

    This is just as Vice President Yemi Osinbajo said that a new Nigerian nation has already been birthed, but currently covered by a dark cloud occasioned by a myriad of crisis.

    TheNewsGuru.com, (TNG) reports Buhari and Osinbajo spoke at the 11th National Prayer Breakfast organized by the Christian Legislators Fellowship of the National Assembly with the theme “Faith in a Time of Crisis.”

    The President who was represented by Permanent Secretary, General Services Office, Office of the Secretary to the Government of the Federation, OSGF,Dr Maurice Mbaeri, said sincere prayers would bring about the change and betterment of the country desired by all.

    “The theme of this year’s national prayer breakfast, ‘Faith in the Time of Crisis’, clearly speaks to what we need as individuals and as a collective in these times when most Nigerians seem to have forgotten their faith because it appears that we are facing insurmountable hurdles. However, in actual fact, a good number of Nigerians have taken over the role of God by failing to place their trust in Him and placing it entirely on themselves and other men.

    “Of course it is very difficult to keep faith in times of crisis, especially when all we think we can do and agree as humans, and most especially policy makers, is not yielding the desired results of calming the stormy waves. As such we begin to ask God, where are you? We begin to debate whether there is need to trust God.

    “I am confident that this keynote address that has been delivered by the Presiding Bishop, Living Faith Goshen City Abuja, Bishop David Abioye has encapsulated these thoughts in a more elaborate and succinct manner and further encourages us all on how to keep our faith in times of crisis. Our hope is in God Almighty and our strength is in his will concerning us and that is why we are confident that these prayers are not in vain but will work out for our good as a people and as a nation.

    “Prayer is a source of strength regardless of religion and it brings forth solutions at all times. In our multi-layered society where there is an obvious combination of various tribes and religions, it is fair to say that we believe that sincere prayer would bring about the desired change and betterment of our families, local communities and of course the society at large,” Buhari said.

    He said the country shall continue to join hands together to pray for its sustenance and good until the desired result is achieved.

    Vice President Osinbajo, who was represented by the State House Chaplain, Pastor Seyi Molomo said the destiny of the Nigerian nation was in the hand of the children of God as the scripture enjoined them to always cry to God when there are challenges.

    “In the throes of the pandemic well over a year leading to severe economic downturn, there were loss of jobs and Source of livelihood. As we climb out of the recession, we have been faced with an unprecedented scale of insecurity in different zones of the nation.

    “But for us who are gathered here today, Christian legislators, who trust in the God that answers prayers and who lead by faith and not by sight, would see the invisible.

    “By our faith we have knowledge that every time that a nation is challenged, it is God’s call for to his people to take action, to rise up in faith, seize the opportunity for God to demonstrate that he is all over the nations, he is the creator of the heavens and the earth and that he knows the beginning from the end.

    “Apostle Paul describes the type of faith we have to demonstrate in crisis. Second Corinthians 4:13 says ‘and since we have the same spirit of faith according to what is written, I believed and therefore I spoke’. We also believe and therefore speak. God has ordained us to speak concerning the things that we want to see in the time of crisis.

    Quoting the scripture in Jeremiah, 1:9-10 he said the destiny of nations is in the hands of children of God.

    “From Zerubabbel to Nehemiah, we see ordinary men and women nations at the direction of God and by prophetic action. The scripture has consistently shown us that the children of God by their faith are central to the deliverance of their nation in time of crisis. They must desire the change, they must cry to God and be ready to make the sacrifice of repentance.

    “The word of God does not agree with logic or with our thinking. God is saying here that it is not the nation that repents. It is his own people who are called upon to repent and turn from their evil ways. As we are the salt, we are also the light. The light ends the darkness. It marks the end of a night of weeping and marks the glorious sunlight of the morning of joy.

    “As we pray, we prophesy our crisis will end. A new nation would be birthed. One where like the city to which Elisha went, the land was healed and the people prospered and peace and joy prevailed.

    “I speak these words also to our nation. Thus says the Lord I have healed this waters. From it there shall be no more death or barrenness. According to the words of Elisha which he spoke, we say the same words to our nation as well that there is an end to the crisis. There is a dawning of a new day, the birthing of a new nation. As the scripture says, weeping may endure for a night but joy comes in the morning.

    “The new nation is birthed already but covered by the clouds of crisis, one crisis or the other, but I want to let us know the clouds would clear and God Almighty would take all the glory for the birthing of this new nation.”

    Guest Speaker, Bishop David Abioye in his sermon, said faith is the life wire of Christianity and what is needed to overcome the challenges facing the country.

    Abioye, who is the Presiding Bishop, Living Faith Church, Goshen City, Abuja, said however the people need to turn away from evil and turn to God as faith goes with integrity.

    He urged that despite everything, the nation must remain committed to the will of God.

  • Against Buhari’s preference, Osinbajo says Nigeria can become destination for medical tourists

    Against Buhari’s preference, Osinbajo says Nigeria can become destination for medical tourists

    Against President Muhammadu Buhari’s preference for medical care abroad, Vice President Yemi Osinbajo has said that Nigeria has all it takes to become a choice destination for medical tourists from even developed countries.

    Recall that since Buhari assumed office on May 29, 2015, Buhari has embarked on medical trips abroad at least five times, covering a period of no fewer than 160 days of the six years he has been in power.

    Osinbajo said this in Lagos where he commissioned the Duchess International Hospital, a new facility under the Reddington Hospitals group.

    The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, disclosed this on Saturday in a statement titled, ‘Nigeria is a country with world-class talents & ideas, Osinbajo says’.

    The statement quoted Osinbajo as saying, “We have all it takes to become the place of choice for even medical tourists from developed countries looking to jump long queues for specialised procedures at home or simply shopping for more affordable fees for first-class healthcare.”

    “We have by far the largest number of middle- to low-income communities and individuals in sub–Saharan Africa who require affordable, high-quality healthcare.”

    Osinbajo noted that the establishment of such facilities would not only further provide more Nigerians with excellent healthcare solutions, but it would also open more opportunities to the country’s high-quality medical personnel.

    He said, “With investments like this seeking high-quality medical personnel, we can even reverse the trend of doctors voting with their feet.

    “The reasons for voting with their feet are obvious: better remuneration, better facilities. But again, only serious private sector investment in high-quality healthcare services offering top compensation for its personnel could possibly create an attractive proposition to reverse the trend.”

    As he officially commissioned the facility, he noted that it was comparable to the best hospitals in the world by both medical and aesthetic standards.

    “This hospital has bragging rights. It comes from the Reddington family, a clinical health brand that has earned a strong reputation for high standards in healthcare, top-notch personnel, including many highly reputed Nigerian doctors in diaspora and best of all, it is all Nigerian,” Osinbajo said.

  • Osinbajo urges youths to join politics to make a difference

    Osinbajo urges youths to join politics to make a difference

    Vice-President Yemi Osinbajo (SAN) has urged young Nigerians to join politics to make a difference in the country.

    The VP stated this on Wednesday in Abuja, at a virtual forum where he interacted with Nigerian Fellows of the Mandela Washington Fellowship for Young African Leaders.

    Osinbajo’s spokesman, Laolu Akande, revealed this in a statement titled, ‘Osinbajo woos young Nigerians, ‘our best minds’: join politics to make the difference’.

    His statement matched with a day Nigerian youths took to the street in memorial of the #EndSARS protest last October.

    The VP was quoted as saying youths “need to go the extra length if you are not already involved, get involved in politics—while a lot can be achieved in civil society, government still holds the ace in terms of capacity and resources to bring social goods to the largest numbers.

    “Besides, being deciders instead of pressure group at the table in policy formulation are hugely different positions. The consummation of our great ideas to transform our societies ultimately will depend on ‘those politicians’ as we sometimes derisively describe them.”

    Continuing, the VP said that “African nations and especially our country, cannot afford to have its best minds and most committed social activists remain only in the civil space. No, we simply can’t afford it, you have to get involved in politics. You have to be in the position to make the difference on the scale that is required.”

    “Of course, there are many who will not be involved in politics but those that are inclined should, and there will be many challenges even in the winning or getting heard in politics. But I want to say to you that it should be an objective that you should set for yourselves, to get involved at whatever level of politics so that you can make the difference on the scale that is required,” Osinbajo added.

    Going down memory lane, he recall his days in civil society engagements and later in politics as Lagos State Attorney-General, the VP noted that “it took public office for me to be able to get the scale of change that is required to make a difference.

    “Without public office I would have remained a pressure group activist, I would have done some nice things, but I wouldn’t have been able to make the changes that my country required.”

     

  • Osinbajo in between – Chidi Amuta

    By Chidi Amuta

    It is the season for all the common symptoms of end of term political ailments. Politicians in prime positions are of course the most prone. At the apex of power, a Vice President in our kind of system can show more pronounced symptoms than other political animals. In function, he is expected to be neither a politician nor a technocrat strictly speaking. But his job requires that he tries to be something of the two, a politically inert creature located in the place where the shoe hurts most but has to remain calm and bear the excruciating pinch.

    In normal term time, the system finds work for the Vice President in a few janitorial roles including of course the usual delivery of condolence messages. In Buhari’s Nigeria, I suspect this aspect has been carefully edited out. There are too many deaths that even a dozen vice presidents may not cope with sending and delivering condolence messages on such an industrial scale. When death knocks frequently on nearly every door, no words can condole a nation overwhelmed by the gravity of pain and mourning. Nonetheless, there is no shortage of other harmless assignments for a politically inert presidential deputy. There is still a copious deluge of these seminars, conferences, high end weddings and other festivities where the pomposity of state is expected to add gravity to the sense of special occasion.

    More often than not, a certain crisis of consciousness dogs the imminent end of a vice presidential tenure. To run or quietly walk home at the end? The crisis runs deep whether the Vice President in question is a politician recruited to add his political asset to his principal’s ticket or is merely a decorative intellectual or technocratic add- on to an otherwise vacuous throne. Either way, the imminence of term end haunts the Vice President with the threat of future irrelevance or a retirement tormented by regrets and haunted by the specter of missed chances and lost opportunities. Who wants to spend his retirement explaining and defending policies you neither believed in nor endorsed except that you were on the same boat with your boss when the poisonous fish was baited? For this reason, Vice Presidents often find themselves in the uncomfortable position of being recruited or commandeered to run for the prime office at some point in the hereafter. It is one of three things: ‘I too can continue our mission’; ‘I can right the wrongs of my principal’; ‘I almost got there, so why not brace the tape of personal accomplishment?’ etc.

    From his recent pronouncements, Mr. Osinbajo seems to be caught up in this familiar end of term bind. He has not told anyone in the open that he is running for or from any office known to any political dictionary. Yet a stream of self appointed advocates have shown up. I was struck by one announcement that was so professionally packaged, produced and delivered that it could not just be the work of casual busy bodies. Even from Mr. Buhari’s northern bastion, some politicians have turned campaigners for a possible ‘Osinbajo for President’ campaign. From his home base South West, there is understandable studied silence. After all, there is a huge political bull in the shop whose presence can make Osinbajo’s possible ascent quite troublesome. But the Vice President’s current choice of subjects and slant of discourse seems to suggest a subtle intent to free himself from the worst burdens of what may emerge as the Buhari legacy. His pronouncements on national issues are becoming increasingly statesmanlike, conciliatory and independent.

    There seems to be a deliberate effort to strike a note of national inclusiveness and optimism when the dominant temper of the Buhari administration is clearly a tough gun divisive note. In all this, there is a suggestion of a certain straining to find an independent voice and to find a national middle ground that points in the direction of a deputy who could do a better job of diversity management than his boss. The hint is that what a Buhari succession requires is a president who will unify the nation and calm its frayed nerves in a period of wild insecurity and virulent discord.

    Whatever may be the intent and direction of his current discursive activism, we can safely say that Mr. Osinbajo has earned his stripes and indeed grown on the job. We can even calibrate his stewardship into three distinct phases over the last six years.

    In the first phase, he enjoyed the absolute confidence and trust of Mr. Buhari who appreciated the value he brought to the office. At this first stage, Mr. Buhari personally had no doubts that Mr. Osinbajo had his back. If he was travelling for a long stretch, he transmitted the instruments that enabled the vice president to act for him with no limitations. This was the stage at which Mr. Osinbajo tackled the problems of ‘Ease of Doing Business in Nigeria’ by easing the bottlenecks at the international airports and the Investment Promotions Council while Buhari was away on hospital vacation. This was also the stage at which he engaged with the Niger Delta militants and brokered the peace that restored quiet to the oil and gas fields. It was also the initial days of IPOB when Osinbajo travelled to the South East to reassure the people while invoking his long standing personal links with fellow Nigerians of Igbo extraction.

    The second phase followed from these successes. Nigerians across board and geography increased their confidence in the team spirit of the Buhari presidency. In spite of Mr. Buahri’s failing health at that point, the confidence became widespread that in the worst eventuality, an Osinbajo was no less worthy of the office of president than his principal. The antenna of the Fulani power mongering cabal that encircles Buhari at Aso Rock went up. The collective of Dark Knights of the corridor of power convened and resolved. My late friends Abba Kyari and Isa Funtua along with the ubiquitous presidential uncle, Mamman Daura, Babagana Kingibe, Lawal Musa Daura and some nameless others saw a threat in Osinbajo’s rising profile. Their hegemonic agenda was under threat. Osinbajo needed to be tamed and his influence curtailed. He could upset the hegemonic apple cart and dilute the absolutism of the fledgling ‘democratic’ authoritarianism.

    His job description quickly shrank as formal communications authorizing him to act for the President in his prolonged absences were no longer automatic. His responsibility for grassroots empowerment and emergency management programmes was abridged. All the youthful staff responsible for these rapid impact programmes were moved away from the Vice President’s office to new ministries hurriedly created. During one of Buhari’s medical vacations, Osinbajo had fired the then Director General of the Departmet of State Security, Mr. Lawal Daura who had drafted masked goons to the National Assembly to interfere with legislative processes. His sack of Mr. Daura scorched the scorpions of power. So, his appointment of an acting Director General from the wrong direction of the compass of power was quickly reversed. Daura, the man he fired from the position, was literally allowed to handpick his own successor. Suddenly, Osinbajo became a marked man and was compelled to revert only to his constitutionally allowed roles. He needed to adjust to a new “siddon look” third phase of his tenure.

    Recovery from this shriveled status required time and thinking. I suspect that Mr. Osinbajo has found time to reclaim his soul in this third and final phase of his tenure. He needed to understand the algorithms of hegemonic power grab. Yet as a political office holder at the apex of power, his survival is ultimately a function of political computations. The imperatives and considerations of his background count for little in the rough jungle of political survival. The standard expectation therefore is that Mr. Osinbajo plays the politics of his principal and carries the nasty consequences while struggling to find his authentic voice in the wilderness of power.

    In the case of the Buhari presidency, strict political loyalty for Osinbajo dictates that he bandies the now usual worn out clichés and myths of Buhari’s messianic infallibility to the very end. This is perhaps the reason why he was recently quoted as saying that Mr. Buhari is the most ‘popular’ leader Nigeria has ever had. Of course Osinbajo knows better than that. Yet he can be excused such Freudian mishaps and linguistic travesties on account of the political imperatives of his office. He has not yet found another job. He needs to survive to the very end as a worthwhile deputy and a good party man.

    Increasingly, however, Osinbajo has found a more independent voice in a safe zone, the area of policy and the imperatives of nation building. But even in this safe zone, finding an independent voice is precarious. It may pit him against the main policy stream of the administration where he remains a leading light. As the constitutionally designated Chairman of the National Economic Council which supervises economic policy at the highest level, he has lately struck consequential independent notes. When the Central Bank announced an unsolicited ban on crypto currencies in Nigeria, the Vice President openly opposed the measure as archaic. He insisted openly that Nigeria should instead have the humility to learn the intricacies of the new digital economy. We need to be part of the new world instead of reverting to the ancient regime of bans and roadblocks.

    Just last week, Osinbajo’s independent voice again struck a new consequential resonance still on economic policy. Following the rapid decline in the value of the Naira, the Vice President used the opportunity of a Ministerial assessment retreat to hit a sensitive button on the nation’s current exchange rate policy. Osinbajo openly condemned the system of dual exchange rates. There is in existence an official exchange rate of N410 to the US dollar alongside a parallel market rate of N580 to the dollar. In his view, we need to find a market determined exchange rate by floating the Naira against international currencies to determine its real value. For him, the current dual exchange rate regime is fuelling corruption through the use of forex arbitrage as patronage. Well connected business persons and entities secure forex allocations from the Central Bank at the official rate and leverage the differential between that rate and the parallel market rate to make profit for doing literally nothing. This arbitrage market has assumed the status of an industry of patronage which has discouraged external investors from bringing in dollars into the economy. Technically, this position strikes at the very root of our current economic tragedy. The Vice President’s position was quickly interpreted as a call for outright devaluation of the Naira which would run counter to the rhetorics of the administration.

    At other times, Osinbajo has variously harped on the sanctity of national unity in response to the series of separatist and secessionist pressures raging across the nation. He has similarly expressed absolute confidence in the unity and indivisibility of Nigeria. He has consistently voiced the now scarce optimism that Nigeria will emerge from the present dark alley to a brighter place in the future. His confidence in the promise of youth as a redemptive force has been a recurrent theme in his exhortations to civil society, religious and political groups alike in recent times.

    On the surface, these largely neutral, independent and intellectual themes and preoccupations would seem to be natural consequences and products of Osinbajo’s diverse background. As an intellectual in government, he can only be expected to strike a note of deliberate rationalism on national issues. As a professor of law in the central arena of power, he can only be expected to remind his political colleagues of their ultimate responsibility to govern according to the the rule of law without which every democracy withers and dies. Moreover, as a high clergy of the Pentecostal faction of Christianity, he can only be an advocate of concord, peace, unity and a visionary of harmony rather than the prophet of an impending national apocalypse.

    As the tenure of the Buhari Presidency rolls into a transitional lame duck phase, therefore, Osinbajo has the narrower burden of defining his own personal legacy from the vortex of regime liabilities. He is safer defining himself in the context of himself as a political animal with a triple heritage: academic, lawyer and clergyman. Inevitably, he has to add ‘politician’ to that already sagging portfolio. And that is where the burden of his career resides at the moment. How does he find an authentic voice without running counter to the policy thrust of an administration he has been part of for the last six years?

    If he decides to chart an increasingly different course, it will not be strange in the history of the vice presidency. When former US Vice President Al Gore decided to run as a successor to Bill Clinton, he needed to distance himself from the moral baggage of Clinton’s Monica Lewinsky scandal. Though on a different wave length, any aspirant in the APC who wants to succeed Mr. Buhari has a bag full of political and governance liabilities to distance himself from if he wishes to be taken seriously. Lopsided appointments, armed herdsmen, RUGA, insecurity, mountains of debts, quantum poverty, divisiveness, epidemic of separatism, harassment of the media etc. etc.

    As Vice Presidential exists go, Al Gore had a simpler choice than Mike Pence, Trump’s deputy. Though like Osinbajo an ordinarily decent man, Pence had served as the devil’s deputy for four remarkable years. When the hour came for him to choose between Trump and America’s future as a democracy, Pence chose the path dictated by the US constitution. As Trump boarded Air Force One to head home to Florida, Mike Pence attended the inauguration of Joe Biden and thereafter returned home to his family. In the circumstances, we in Lagos anxiously await the homecoming of Yemi Osinbajo in the afternoon of May 29th, 2023.

  • VP versus CBN: The beginning of 2023 presidential campaign – Dele Sobowale

    VP versus CBN: The beginning of 2023 presidential campaign – Dele Sobowale

    By Dele Sobowale

    “As for the exchange rate, I think we need to move our rates to be as reflective of the market as possible. This in my own respective view is the only way to improve supply.” Vice President Yemi Osinbajo.

    That pronouncement , as well as others we shall mention shortly came as a thunderbolt. And, its impact, deliberately or inadvertently, was as electrifying as the natural phenomenon. Expectedly, the “experts” were divided in response to it. Great and unexpected departures from team position by a Vice Captain of a team on a long losing streak always provokes that sort of reaction.

    But, before we go into interpretation of the VP’s very clear statement we need to ask a very important question which will help us to understand the motives behind the statements credited to the VP.

    WILL THE REAL OSINBAJO PLEASE STAND UP.
    “In whatever situation you find yourself, determine first your objective.”
    Field Marshall Foch, 1851-1929, VANGUARD BOOK OF QUOTATIONS, p 174

    He might not realise it, when VP Osinbajo uttered those explosive words, three individuals, Nigeria’s secular trinity, were addressing us – the current Vice President of Nigeria, a presumed Presidential candidate and a private citizen. Each of these individuals can legitimately offer opinions on public economic policy; but with varying degrees of relevance. I will start in reverse order.
    If Osinbajo had made that statement in 2013, probably no newspaper would have published it on its front page. In 2013 Osinbajo was relatively irrelevant. Few people would care. Osinbajo, the Presidential candidate, is a little bit more relevant. He might eventually become President. Whether Osinbajo realises it or not, he had served notice, premeditated or not, of the direction of economic policy in a future Osinbajo administration – if he is elected to office. It will be market and private sector-led. Those uncomfortable with that approach to managing the economy will need to find another candidate for their votes.

    It is Osinbajo, the current VP and the Chairman of the Economic Management Team, which includes the Governor of Central Bank of Nigeria, CBN, whose motives are obscure. There is an unmistakable disagreement with the management of foreign exchange policy; as a result of which the country is not receiving the supply of foreign exchange it should. In other words, somebody has fouled up. Nobody needs to be told who is under attack here. The CBN.

    OTHER CHARGES PILED ON TOP
    The VP was like a damn breaking on that day. He was not only critical of CBN handling of exchange rate; he condemned the CBN’s intrusion into fiscal policy in unmistakable terms. Let me give Osinbajo the floor once again.

    “There must be synergy between the fiscal and monetary authorities. We must be able to deal with the synergy; we must handle the synergy between the monetary authority, the CBN, and the fiscal side.

    Sometimes, it appears that there is competition, especially on the fiscal side. If you look at some of the interventions, you will find that those interventions are interventions that should be managed by the ministries.

    The Ministry of Industrialisation, Trade and Investments should handle MSMEs (micro, small and medium enterprises) and we should know what CBN is doing. In other words, if the CBN is intervening in the MSME sector, it should be with the full cooperation of the Ministry of Industry….”.

    Again, these thinly-veiled accusations against the CBN acting unilaterally can be subjected to the same interrogations regarding which Osinbajo is speaking – the private citizen, the candidate staking a position or the incumbent VP? However, one thing can be said about the observation about synergy. The VP is only stating the obvious. No economist will dispute the need for synergy between fiscal and monetary policy. The Executive branch, which includes the VP, is responsible for that. The CBN is charged with formulating monetary policy to complement the fiscal policy in the attempt to grow the economy, control interest and exchange rates and curb inflation while aiming to provide jobs.

    The VP obviously strongly believes that there is no synergy; that the CBN is acting without taking the Ministries along. That is a serious charge. And, despite the fact that the CBN has issued no response, objective observers can still ask questions. Primarily, was the VP being fair to CBN? Is the portrayal of Mr Godwin Emefiele, a true reflection of what went on the last almost six and a half years? Again an objective observer must note that everything revolved around the formulation and execution of a fiscal policy. Was there one? When was it announced? And when did implementation start?

    ABSENCE OF FISCAL POLICY INVITES CBN INTERVENTIONS

    “Nature abhors a vacuum.” That is true of any aspect of life – including economic policy management. In that respect, the civilian governments since 1999 have uniformly failed to set out clear fiscal policies in their annual budgets. All they do is to announce how much would be spent and the sector allocations. This is amateurish. No single budget address has included the fiscal polices that would underlie the attempt to achieve the objectives stated in the budget – particularly, the GDP growth target. That explains why Nigeria has missed the growth target for six years in a row.
    Under former military governments, I was privileged to attend for several years Budget Briefings by the Minister of Finance which occurred about a week after the Head of State has delivered the budget to the nation. This was not the only difference in budgeting under military regimes. Each budget revolves round thirteen to eighteen targets which the country was endeavouring to achieve each year. Everybody was aware of the Budget Thrusts or priorities for that year.

    The Minister of Finance, addressing top public officials, leaders of the Organised Private Sectors, OPS, Banking, Labour, Academia and the International Community would lay out the regime of taxes, duties, tariffs, fees, surcharges etc expected to yield the revenue projections. Most importantly, the address will announce the alterations to the list of products imported or exported. Three lists generally emerged, in black and white – goods under absolute import prohibition, goods under licence for importation and goods subject to unlimited importation. These decisions were never left to the CBN.

    Why then is the CBN now prohibiting imports of goods under Buhari? The answer is simple. Buhari’s government allowed that intrusion into fiscal policy. And, it is amazing that the VP who is the Chairman of the Economic Management Team is just waking up to the fact that something was definitely wrong in the way they were running the economy – some would say to the ground. To me, the VP’s statement amounts to blaming the victim; CBN in this case. Emefiele knows that a badly mismanaged economy results in exchange rate problems; that sooner or later devaluation of the currency will be the only option left. In the absence of any coherent, comprehensive and comprehensible fiscal policy, he had to act to prevent worse deterioration of our position.

    The MSME example cited by the VP is very apt in this regard. When the Minister is not asleep, he is making outlandish projections which cannot form the basis of sound fiscal policy. The VP should thank the CBN for helping out. Without those unorthodox interventions, the Nigerian economy would have been wrecked beyond repairs.

  • #EndSARS: Osinbajo-led NEC appeals organisers to shelve planned one-year anniversary protest

    #EndSARS: Osinbajo-led NEC appeals organisers to shelve planned one-year anniversary protest

    Organisers of the #EndSARS protests have been advised to reconsider their plan to stage any protest in commemoration of the one-year anniversary since the demonstrations were held in various parts of the country.

    The National Economic Council (NEC) made the call on Friday in an advisory on public protests, saying such a plan should be shelved considering the nation’s security situation.

    “While appreciating the role of lawful peaceful protests in the advancement of public discourse under democratic governance, the National Economic Council (NEC) strongly advise those planning public protests across the country to mark the anniversary of the #EndSARS, to consider other lawful alternative means of engagement,” the council headed by the Vice President, Professor Yemi Osinbajo, said in the advisory.

    “This is because of the current security situation across the country and the possibility of such protests being hijacked by armed hoodlums and other opportunistic criminals to cause mayhem at such protest events and venues. Council, therefore, urges the organisers to reconsider their plan.”


    Thousands of young Nigerians occupied strategic places in parts of the country in October 2020, demanding the disbandment of the Special Anti-Robbery Squad (SARS) over alleged human rights violations.

    While the protests held for several days, there was a shooting by a team of security operatives who stormed the venue of the demonstration in the Lekki area of Lagos.

    In a bid to address the concerns raised by the protesting youths, NEC stated that the government – at the federal and state levels – has already taken actions to address the grievances that led to the protests.

    It listed them to include the disbandment of SARS, broad police reforms, the establishment of judicial panels of inquiries to investigate allegations of human rights violations by members of the Nigeria Police Force and other security agencies, and prosecution of police personnel indicted by the panels.

    The council explained that recommendations of the panels were already at various stages of implementation, including the setting up of Victims Compensation Funds from which “several victims have received payments of sums awarded to them” by the panels.

    “These are commendable actions that ought to be taken to a logical conclusion in a peaceful atmosphere,” it said.

    “Organisers of the planned protests should explore the various channels of communication with governments at various levels to advance their positions and avert the breakdown of law and order that may result from such public protests.”