It was a mammoth crowd that witnessed the declaration on Wednesday by a leader of the All Progressives Congress (APC), Muhammadu Buhari, for the presidential election in 2015 as the former army general said he has what it takes to tackle insecurity and corruption, the two main problems that have taken over the entire nation.
Buhari, whose declaration took place at the Eagle Square, Abuja, under tight security, said he chose to be the medium through which his party is desirous of bringing the much-needed change to the country as the citizens of the country have suffered since 1999 when the Peoples Democratic Party (PDP) held sway at the presidency. He added that it was time to focus on real development and protection of lives and property as the major task of the government in the country's constitution.
According to Buhari, since 1999, the PDP had presided over the country’s decline.
"Nigeria, in my experience, has never been so divided, so polarised by an unthinking government hell-bent on ruling and stealing. Adding that corruption had spread blatantly and as a result, Nigeria is now known as the home of corruption," Buhari said.
He promised to diversify the economy of the country as Nigeria's over-dependence on oil has done more harm than good.
He expressed concerns about the impact of insecurity in the country, saying he shared the feelings of all those who have in one way or the other been affected by poverty and Boko Haram’s terror. He also thanked Nigeria's law enforcement agencies and the country's military for the sacrifice they have made in keeping the country together.
Huhuonline.com can report that prior to Buhari’s arrival, chieftains of the APC from all parts of the country had held the crowd excited with renditions of Buhari's positive past and their belief in him.
While speaking at the event, Governor Rotimi Amaechi of Rivers state, who spoke for other governors of the party, said he was happy that the party was making good its promise for change. He added that he felt this by the growing number of governors now in the fold.
"Change is in the air because today, you see 14 governors. The other party doesn't have any candidate like Buhari, but if they have even half let them show us," Amaechi said.
Concerning how Lagos State and Rivers State tackled the Ebola crisis, Amaechi said it was very wrong for President Goodluck Jonathan and his government to take credit as the only role the federal government played was to announce the number of casualties and those being saved.
While reminding the PDP and Jonathan that the three heavily populated states of the country including Kano, Lagos and Rivers are in the hands of the opposition and thus wondering how they think they can win the 2015 election, he called on all members of APC and other Nigerians to ensure they all have their voter cards so that any of the candidates that emerged among the aspirants of the party would be overwhelmingly voted for.
While listing the failed promises of the current president, Amaechi recalled that in 2013, the president said though he was the most abused of all presidents in the world, things would change in 2014. But the situation is even worse now because the people have not seen any changes in their lives.
In his own comment, the coordinator of General Muhammadu Buhari Campaign team, Audu Ogbe, disclosed that he, Buhari and others discussed the crisis of the youths in the country the previous night and that the government of Buhari must find jobs for the youths of the country.
He said, against rumours, Buhari is never a religious fanatic, adding that if he was one, Christians like Amaechi, Oshiomhole, Oyegun and even himself would not decide to campaign for him. He said instead, Buhari had been a quiet and rational person who thinks before acting.
While commending those fighting to stop the Boko Haram terrorists and the#BringBackOurGirls campaigners, he said the government has constantly engaged in propaganda.
"We understand the government is planning to take them to court, let the court room be large enough to accommodate all of us," Ogbe, a former National Chairman of the PDP, said.
Professor Isa Odidi, who spoke on behalf of APC members in the diaspora, said Nigeria's problems were extra-ordinary and thus needed extra-ordinary solutions and that only the extra ordinary qualities of Buhari’s as a person can change.
Senator Olorumimbe Mamora, who spoke for the elders of the APC, said the APC has become an idea whose time has come as nobody can now stop the wind of change. To him, Nigeria can no longer afford to continue with all the challenges facing it even in the presence of a supposed government.
Senator George Akume, a former governor of Benue State, said members of the National Assembly under the APC had a sweet session with Buhari and were convinced that he was the one needed for the turn-around that the country is yearning for recalling that after Buhari told them what was happening in the oil sector, some of them were weeping.
He said the APC is a party of peace; this is evident in the fact that the aspirants are all going about their activities maturely and without bitterness, he added.
Former Governor of Bayelsa State, Timipre Sylva, who gave a welcome address at the event, also said Nigeria's economy is heavily challenged and needs a total overhaul. He complained that the country's security situation needed to be worked on. He lamented the government’s failure in every area, saying Buhari is the man that can turn it around.
He said Buhari was not running for himself but because of Nigerians some of who convinced him to take another shot at the presidency. He said they were happy that he had decided to step out of his retirement to help stabilise the country, so that the younger ones can carry on with the development of this nation, adding that Buhari was coming with his integrity and experience.
Dino Melaye, a former member of the House of Representatives, said the PDP has damaged the country, reminding Nigerians to check out the states governed by the APC and how they have transformed those states.
He said the APC was going to stop those who said there is a difference between stealing and corruption.
"We are here to stop those who said they had no shoes just to deceive Nigerians," he said, adding that by God's grace, the APC would take the government away and rescue the country from the PDP which he called the Poverty Development Party.
He assured President Goodluck Jonathan that his tenancy at the Villa would expire by 29th May 2015 and that Nigerians would vote and protect the votes.
Also speaking for the youths, Comrade Jasper noted that the various promises of employment since 1999 have failed.
He recalled how Buhari had built Nigeria's refineries while he was Head of State and how the refineries had generated employment. He also recalled that President Jonathan promised three refineries asking where he had built them since making the promise.
He said instead of more refineries, the government has killed the existing ones. He therefore urged the youths to vote for Buhari to redeem the country.
He also noted that most roads in the southeast are eyesores and that Jonathan laid foundation for the second Niger bridge two times but that even at that, there was no single block to show that work would soon commence. He ended his comments by saying, "all these things you are doing to us Jonathan, there is God oh!"
While speaking for the women in the party, a top female member of the party, Rabi Ishaq, said Nigerian women also yearn for change and that she and others attended the event to endorse Buhari. She noted that the mistake Nigerians made in 2011 was that they voted for rulers instead of leaders. She added that Buhari would change the system.
Giving the vote of thanks, Senator Abu Ibrahim, lamented that nobody was now bold and excited to call himself a Nigerian outside the country. He also said those within the country were living in fear and can no longer sleep with eyes closed as insecurity has reached its peak.
He said Nigeria urgently needed to be rescued and that Buhari was the one to meet the challenge.
According to him, the APC has decided to focus on areas other than petroleum. He also harped on free and fair elections in 2015.
CNPP PLEDGES SUPPORT
While Osita Okechukwu, spokesman of the Conference of Nigeria Political Parties (CNPP) attended the event, the chairman of the CNPP in Benue State, Mr. Baba Agan, declared that the body would back Buhari to secure victory in 2015.
He said Buhari's antecedents speaks for him any day and time and that he is the one Nigeria urgently needed at this critical period. He assured that CNPP’s decision is collective and it was premised on Buhari’s track-record, saying his exemplary leadership qualities stand him out as incorruptible.
"In fact, at this time of our development as a nation, we need a morally strong leader like Buhari to place this country on the pedestal of faster growth and development, hence our decision to queue behind his aspiration,” Agan said.
"The truth is that his election come 2015 would be some sort of a mass movement of all Nigerians who are craving for change in our country. Already, the subtle mobilisation of market women, civil servants, artisans, religious groups and the political class has fully commenced and there is no doubt that Nigerians earnestly desire a change for the better."
BUHARI, ATIKU WOULD CONTINUE TO FAIL-PRESIDENCY
While Buhari campaigned at the Eagle Square, Abuja, the presidency said it was not scared of the mammoth crowd and the perceived support for the retired General, calling him and former Vice President Atiku Abubakar serial failures.
Senior Special Assistant to the President on Public Affairs, Dr Doyin Okupe, who spoke with journalists, also said Jonathan was not planning to elongate his tenure with the excuse of insurgency in the north.
He said the president was still consulting and would make his intention to contest known soon, as many people are pressuring him to contest.
Okupe said: "you know Yoruba people have one proverb which says: it is the biggest masquerade that comes out last. The declaration by the opposition is not really something new. Most of the candidates of the opposition are serial failures. Atiku has tried twice and has failed, Buhari has done it four times and he has failed.
"If you present yourself for an election, first, second, third and fourth times, what new things are they bringing? Have they gone to school or are they bringing new things. We are absolutely unperturbed.
"The President is going to contest against serial losers, people who never win elections, people who have no leadership quality. It is even now worse for them because this president has been given four years, a platform which he has demonstrated his administrative capability, efficiency and delivery.
"It is unarguable that with these people in the APC, it is a new and good party, but they would become relevant from 2019 upward, not now.
"In order that the world is not misled, I want to state categorically here that there is no iota of truth whatsoever in that statement (that the President wants to retain office with the excuse that insurgency was high in the country). There is nothing like that.
"And this is not the president that would do a thing like that and there is no reason whatsoever for this president to do that. This is the same president that, as you must have heard recently, over 12 million Nigerians have signed asking him to come out and run.
"All the stakeholders in his party, the PDP, have endorsed him and are actually asking him to come out and make his declaration to run and it is quite a logical thing to do because there is no reason of changing the winning team.
"Again, the issue also is that as it is everywhere in the world, endorsement itself is not undemocratic because it is a normal pattern in democratic parlance that when you have a sitting president."
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The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has offered whistleblowers between 2.5 per cent and 5 per cent of recovered stolen Nigerian assets held abroad for information that leads to their recovery.
Olukoyede disclosed this on Wednesday while delivering a lecture at the Cambridge International Symposium on Economic Crime in the United Kingdom.
According to him, the ability of EFCC operatives to trace assets, cooperation from the judiciary and access to credible intelligence have played important roles in the commission’s success in securing non-conviction-based forfeiture orders.
He also described the EFCC as having some of the best investigators in the world and stressed the importance of protecting and encouraging whistleblowers.
He said anyone with credible information about stolen Nigerian assets taken or hidden anywhere in the world could receive between 2.5 per cent and 5 per cent of the recovered assets as an incentive, with payment made after the recovery.
Olukoyede further revealed that the EFCC had forfeited cash and assets worth more than $500 million to the Federal Government within the past three years.
He cited several cases involving the recovery and forfeiture of assets, including cases linked to a former Chairman of the Central Bank of Nigeria and a former Attorney-General of the Federation.
The EFCC chairman explained that the commission is legally empowered to seek the forfeiture of suspected proceeds of crime by applying to the High Court for an order. He said the process is similar to procedures used in countries such as Australia and Canada.
Olukoyede also recalled a case involving an aircraft allegedly acquired by an individual who was accused of receiving about $30 million in bribes in connection with a power project. He said the aircraft was forfeited about three months ago and had subsequently been added to the presidential air fleet.
He also referred to a property containing about 753 housing units that was forfeited from a former CBN governor, against whom the EFCC has filed criminal charges in three courts.
Speaking about the immediate past Attorney-General of the Federation, Abubakar Malami, Olukoyede said the EFCC opened an investigation following allegations of abuse of office. He claimed that investigators traced about 57 properties to Malami and that approximately 48 of them had been forfeited.
The EFCC chairman further mentioned the forfeiture of a private university allegedly linked to a director in the Federal Ministry of Health. According to him, the official voluntarily surrendered the property following the commission’s investigation.
Olukoyede said the measures demonstrate the importance of asset tracing, international cooperation, credible intelligence and whistleblower protection in the fight against financial crime and the recovery of stolen public assets.
The Dangote Petroleum Refinery has raised concerns over the growing volume of imported petrol entering Nigeria, warning that it could be forced to export more of its own production if the trend continues.
The refinery said imported Premium Motor Spirit (PMS) made up roughly 43 per cent of the petrol supplied to the Nigerian market in July. It argued that the development was creating serious difficulties for a domestic refinery with the capacity to produce enough fuel for the country.
Dangote Refinery explained that it has maintained sizeable petrol reserves since commencing operations to ensure that consumers across Nigeria have access to a reliable supply. Keeping those reserves, it noted, requires substantial expenditure on storage, transportation and working capital.
However, the refinery said the continued granting of import licences without adequate information about expected import volumes has made it increasingly difficult to determine how much petrol should be produced and stored for the local market.
The company said holding large quantities of petrol becomes financially burdensome when there is no certainty about how much imported fuel will compete for the same market. It therefore considers exporting surplus stocks a more commercially viable option than allowing them to remain in storage indefinitely.
According to the refinery, increased exports in recent months should not be interpreted as evidence that Nigeria lacks sufficient refining capacity. Instead, the exports are being driven by excess stock resulting from unpredictable import volumes.
Dangote Refinery maintained that it remains fully committed to supplying the Nigerian market and has the capacity to meet or surpass the country's petrol requirements. It said its decision to export surplus products was aimed at managing inventory efficiently and avoiding unnecessary storage and financing expenses.
The refinery also warned that market disruptions caused by excessive imports could make it harder for domestic refiners to accurately predict demand. Any resulting supply problems, it said, should not automatically be blamed on local refineries.
It urged regulators and other industry stakeholders to improve transparency around petrol imports and strengthen coordination within the downstream petroleum market.
The company argued that policies that give greater support to domestic refining would help Nigeria reduce its dependence on imported fuel, conserve foreign exchange, strengthen energy security and maximise the economic benefits of investments in local refining infrastructure.
Dangote Refinery said it remains prepared to supply the country but stressed that a more predictable and transparent market environment is necessary for efficient production and inventory management.
Business
In The Spotlight
A group of heartless carpetbaggers have captured the Nigerian state, and it appears that they, their biological and political descendants, will hold the levers of government and access to Nigeria’s commonwealth for a long time to come.
When you consider news reports of how previous and current state actors steal public funds, buy choice properties in the toniest districts of Nigeria’s major cities, acquire private jets, and even establish private universities, you wonder if some people have more than two heads, to adopt a Yoruba phrase.
Either because of an inability to deliver the greatest good to the greatest number of Nigerian citizens, or by intention, the political elite have kept the people poor, causing them to depend on the largeness of heart of the same elite to meet their existential needs.
That explains why poor, downtrodden, and unconnected Nigerians eagerly collect crumbs of measly N5,000, rice, gari and whatever else the politicians offer to obtain their election votes or acquiescence after rigging the elections.
When watching an economically disadvantaged individual tell a politician who is seeking to become a legislator the good news that his wife just had a new baby, and he needed to prepare for the naming ceremony, it felt like the oppressed poor were enabling his oppressor to further oppress him.
It was like the classic case of Stockholm syndrome, of victims collaborating with their “captors” to cement the oppressive stranglehold that they already had over the state and the commonwealth of the nation, thus unwittingly arresting their own future development.
A running mate to a former governorship candidate in a Southwestern state hilariously regaled Nigerians with the story of how constituents would have raided all the alcoholic drinks in his refrigerator in the early hours of the morning, even before he woke from the hectic campaign tour of the previous day.
The political elite have practically cornered the Nigerian state for themselves, children, tribesmen and acolytes, and have devised a way to admit only those that they have found to be loyal, or pliable, into their rank of oppressors.
The oppression of the citizens of Nigeria is easily accomplished because of the high illiteracy level amongst the poor masses. The use of the weapon of illiteracy is more evident in Northern Nigeria, whose political leaders somehow turn a blind eye to the illiteracy and underdevelopment of their people.
In 2024, UNICEF revealed that out of Nigeria’s 18.3 million out-of-school children, about 12.1 million, or 66 per cent, were resident in the Northwest and Northeast regions. Yet, instead of expanding educational facilities and opportunities, some Northern governors are arranging mass weddings for children who are hardly out of their teen years.
And this is not to deny the weaponisation of illiteracy even in Obafemi Awolowo’s Western Region, which is regarded as the Athens of Nigeria, after its pre-Independence head start of free, universal and compulsory primary school education.
As if he had a premonition that Nigeria’s so-called democrats would eventually compromise education, to the detriment of the lowest and marginalised masses, that Karl Marx described as the “lumpen proletariat”, French political thinker Montesquieu argued a long time ago that “It is in a republican government that the whole power of education is required.”
Western Nigeria’s free education scheme was gradually abandoned from the days of the Second Republic when some Yoruba members of President Shehu Shagari’s political party knocked it off its bottom with the argument that “qualitative” education was better than “free” education.
It is more than a shame that a free, universal and compulsory primary school education scheme was abandoned under President Shagari, who not only was a trained teacher, but had a career as a teacher before his political career.
Awolowo had warned Nigeria’s political elite with the following quip: “The children of the poor that you failed to educate will not let your children sleep peacefully.” The insecurity that currently occurs in nearly every part of Nigeria only drives Awolowo’s point home.
Probably the realm of the Nigerian republic that has been most complicit with the carpetbagger political elite is the media, whose members either serve the elites as press secretaries who kill media brushfires, or editors who either run planted stories, or spike stories that the politicians do not want published.
The media is so compromised that it can hardly perform those responsibilities assigned to it by Section 22 of the Nigerian Constitution, which are to “be free to uphold the fundamental objectives contained in (Chapter II of the Constitution) and uphold the responsibility and accountability of the Government to the people.”
Some apologists have argued on behalf of the media that the political elite have so run the economy aground that the media, which can only thrive as commercial enterprises within Nigeria’s quasi-capitalist economy, cannot stay afloat, especially with the devastating inroads that the digital media are making into their audience, advertising revenue and profit.
The absence of regional economies, the argument goes, prevents the emergence of regional newspapers that can thrive on advertising revenues from regional companies, the way it obtains in the economies of North America and Western Europe. Many Nigerian newspapers, that are essentially regional, often pretend to be national to receive advertising revenue from companies whose market is national.
Two other collaborators of the political elite are the election management agencies and the judiciary at both the national and sub-national levels of government. The conspiracy between these agencies and the political elite is almost like that of Siamese twins conjoined by the belly button.
After the election management agencies may have deliberately bungled (especially) governorship and legislative house elections, and declared false reports, the losers, who felt that they won the election, would then approach the temple of justice, with significant financial inducement to ask for justice(?).
From that point on, the justice that both contestants hope to corruptly obtain could swing according to the heft of the naira in the Ghana-must-go bag that they will be hauling into the chambers of the denizens of the corrupted judiciary.
Thus, the “award” of electoral justice is “a matter of cash”, to quote Basi, the protagonist of “Basi & Co”, the television sitcom produced by environmental activist Ken Saro-Wiwa, who himself was denied justice from the judiciary that served the regime of General Sani Abacha, Nigeria’s most notorious military dictator.
In Nigeria, the lines of separation of powers that demarcate the duties of the three arms of government –the legislative, executive and judiciary– and the checks and balances that empower each arm to check the others have become almost irredeemably blurred.
As legislators use constituency projects as a ploy to carry out the functions of the executive, the president issues executive orders that are essentially legislative in nature. Though the judiciary does not perform the duties of the other arms, it fails to check them as it indulgently winks at their excesses.
If those who are regarded as Nigeria’s political elite really know what is in their enlightened self-interest and would like to protect the future of their descendants from what Thomas Hobbes described as a short, brutish and nasty existence, they will use their current privilege to correct the evil they have done to Nigerians.
They must urgently redeem the future before it delivers violence against their children.
By Lekan Sote
In The Spotlight
Lagos alone is worth more than Botswana, Namibia, Rwanda and Mauritius combined.
Let that sink in.
With an economy of N41.17tn — about $102bn in 2021 — Lagos State dwarfed the entire gross domestic products of four countries. Rivers, Akwa Ibom, Delta and Bayelsa sit on oil wealth that funds nations. Ogun, Anambra and Imo churn out goods, services and commerce that would make small economies jealous.
By the numbers, Nigeria’s states are giants.
But walk the streets of Lagos, and you will still find mothers cooking with firewood. Drive through Port Harcourt, and you will see communities drinking water polluted by the same oil that makes the state’s GDP glow. Visit Umuahia, Abeokuta, or Minna and ask the average trader what “trillion-naira economy” means to her dinner table.
The answer is: nothing.
That viral video telling you “10 Nigerian states are richer than countries” is both true and a lie. True, because the 2021 BudgIT figures don’t lie — Lagos at N41.17trn, Rivers at N7.96trn, and so on. A lie, because those numbers are GDP, not prosperity. They measure how much economic activity happens _in_ a place, not how much of it reaches the people who live there.
A country with $7,778 GDP per capita, like Botswana, will still feed its citizens better than a state with $102bn in total output but $2,058 per capita, like Nigeria. A state can host a port, an oil rig, and a tech hub, yet fail to build a hospital that works.
So, the real question isn’t “Which state is bigger than which country?”
The real question, and the one our governors should lose sleep over, is this: When your economy is bigger than a nation, why are your people still living like they have nothing?
In this edition of The Bottomline, we follow the money from GDP to the gutter — and ask why Nigeria’s trillion-naira states have not become trillion-naira lives.
The viral numbers are not new. They were lifted straight from BudgIT’s 2022 State of States report and reflected 2021 estimates: Lagos at N41.17tn, followed by Rivers at N7.96tn, Akwa Ibom at N7.77tn, Imo at N7.68tn, Delta at N6.19tn, Anambra at N5.14tn, Ondo at N5.10tn, Ogun at N5.03tn, Bayelsa at N4.63tn and Niger at N4.58tn.
The trick is in the timing. To pitch those 2021 figures against 2025 country GDPs is statistical fraud. Nigeria has since rebased. The NBS moved the base year from 2010 to 2019, and the whole map shifted. Lagos itself has moved on: its 2025 _Lagos Economic Development Update_ puts the state at N43.06tn in 2023, with forecasts of N54.77tn for 2024 and N66.47tn for 2025. Those are projections, not fresh NBS post-rebasing observations, but they tell you the direction: up.
There is no debate that Lagos is Nigeria’s economic engine. From a colonial port to federal capital until 1991, it never lost momentum. Today, trade, manufacturing, ports, telecoms, tech, entertainment, real estate and finance all cluster in just 3,345 square kilometres. Compare that footprint to Botswana’s 581,730 sq km, Namibia’s 825,615 sq km, Rwanda’s 26,338 sq km, and Mauritius’ 2,040 sq km. Yet in 2021, Lagos’ $102 billion economy was several times larger than Botswana’s $19.9bn, Namibia’s $15.1bn, Rwanda’s $16.4bn, and Mauritius’ $16.2bn, according to 2025 World Bank figures.
That comparison is legitimate. The conclusion people draw from it is not.
GDP tells you how much value was produced in a territory. It does not tell you who owns it, who earns it, or whether the roads work, the lights stay on, or the hospital has drugs.
A state can run a trillion-naira economy and still have mothers boiling water on firewood. A country can have a smaller GDP and deliver a better life. Look at the per capita numbers: Botswana at $7,778, Namibia at $5,309, Mauritius at $11,819. Nigeria sits at about $2,058. Even Rwanda, at just $773 per capita, has pushed its $3-a-day poverty rate down to 38.6 per cent — proof that size is not destiny.
The oil states expose the fraud most brutally. Rivers, Akwa Ibom, Delta and Bayelsa rank high because petroleum inflates their GDP. But oil wealth does not flow into state coffers in equal measure, and it certainly does not flow into household wallets. BudgIT’s own fiscal sustainability index proves this. In 2022, Rivers topped overall fiscal performance despite Lagos having the biggest economy. A big economy without revenue discipline, jobs, and services is just a billboard.
Nigeria does not have a GDP problem. We have a translation problem.
We have pockets of enormous economic power. Lagos. Rivers. Akwa Ibom. Ogun. Anambra. Delta. The output is real. What is missing is the bridge between that output and ordinary life.
Until economic activity creates real jobs, until IGR rises and addiction to federal allocation falls, until infrastructure supports production instead of strangling it, those trillion-naira figures will remain a cruel joke.
So let the video go viral. Let Lagos be “bigger than Botswana”.
But governors, commissioners, and citizens should ask only one question:
If my state can outproduce a country, why can’t it out-deliver a decent life for the people who call it home?
Until we answer that, we are not rich. We are just big.
By Raphael Mbamalu