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Forces that will defeat Buhari’s Naira project by Lanre Adewole

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When President Muhammadu Buhari decided to publicly back the Governor of Central Bank, Godwin Emefiele, against his Minister of Economy (Finance, Budget, and National Planning=Economy), Zainab Ahmed, in debating the sense of redesigning the nation’s currency at a time like this, the President simply told the Minister, she is surplus to requirement in shaping one of his major legacy projects.

Having been publicly shamed, Zainab should have been gone by now, but resigning over a presidential rebuke, would be seen as against the run of play, around here. Except fired or forced to resign, office holders in Nigeria, regardless of the extent of public ridicule subjected to, will rather hang on, needed or not. The few, like Kemi Adeosun, Zainab’s predecessor, had no refuge to run to. Her godfather reportedly abandoned her and she gotta go.

The seat currently occupied by Zainab is arguably the most important cabinet position after the AGF office, which the Constitution (section 174) says is a must-have. In a normal setup, there is no consideration that should leave her out of the coffee-room team, handling the project. And for her to hang on, after the double humiliation, first, of being left out and of being openly rebuked by the President, should be a red flag, considering the project’s political and economic implications.

The Zainab no-show also speaks to the poorly-concealed dysfunction in Buhari’s economic team, which the Nigerian people have been paying dearly for. The obvious power-play and influence-peddling within the team, is surely hurting the economy because when team members undermine one another, it is the national assignment that will bear the brunt.

In an administration where no one is providing an all-encompassing leadership, and everyone trying to leverage relevance to make the most of the time left, I personally believe there is no chance in a million Zainab first heard about the currency project the day Emefiele made a formal announcement. The patronage her office can dispense would see to her, even getting unsolicited information, though she is considered a featherweight in the global economic community.

Her claim at the senate appearance was just griping, for being officially considered inconsequential and a liability. But her statement would still be factual, if there was no official correspondence to her office, even if verbally notified by Godwin, which isn’t even the case here.

Though CBN is autonomous so to say, (the President’s wish per time, is the real autonomy for a genuflecting fellow like Emefiele), the decision to keep the ma’am in charge of the economy out of the loop on the project, can’t definitely be Emefiele’s, no matter how rascally and reckless he has portrayed self, especially with the dangerous incursion into APC presidential field as CBN governor. The decision to humiliate Zainab and obviously her backers in the political spectrum was firmly the President. To show Zainab that it was his fight when she threw the gauntlet at the senate, it was Aso Rock that picked it up, firing a broadside at her.

Since September 14, 2018, when Buhari elevated her to replace Adeosun, it would be the first time the Minister would be openly scolded by the President and for someone who rarely moves against his appointees, the matter, this time, must be very serious and the implementation very dear to his heart. He was very clear that he is targeting political and economic saboteurs.

On June 27, 1942, America captured eight saboteurs working for Germany on American soil. A military commission found them guilty. One was sentenced to, life imprisonment, another to 30 years, and six received the death penalty, which was carried out within a few days.

The President is a former military man. Though a civilian now, his understanding of how saboteurs are treated, must still be with him. By excusing a senior cabinet member like Zainab from a project with the potential to define his entire public life, in khaki and agbada, he must have stretched the consideration beyond the harmless-looking, soft-speaking woman, with a gentle mien.

But he doesn’t trust her either. When you keep a piece of important information from someone who can’t affect the potency of it, you don’t want him or her, to snitch to those who could cancel its efficacy. Yoruba will call such a fellow, olofofo.

Somehow, I want to concede to the President he possibly had genuine concerns to keep Zainab away at the incubatory stage. He possibly would have ignored her and her tendencies if they do not possess the capacity, to make complete nonsense of the policy and ruin the entire memory of the President, outside the office.

At least, recent history shows he ignored now-late Aisha Al-Hassan, popularly known as Mama Taraba when a leaked video showed her preference for Atiku as President over and above her principal’s re-election. That was simply not wishing the President well. But he took it in his strides, allowing Hajia to continue in office as Women Affairs minister, until she voluntarily resigned on July 27, 2018, to seek Taraba governorship. The President knew she posed no direct threat.

But how dangerous can Zainab and her promoters in government be, to the legacy project?. The minister is from Kaduna State. As things stand today, nobody gets anything due to the state from the federal, without the support of the governor. He is a self-confessed Buharist, but also led the coup that toppled the Northern agenda of the President, regarding APC’s presidential candidate, the same way he led the coup against another benefactor, Olusegun Obasanjo’s third-term bid.

The political class has largely opted for radio silence since the President announced his desire to tackle vote-buying that twice bought victory for him, even if he wasn’t the direct spender. When the class is buffeted, platforms don’t matter again. When I joked to a top politician that dibokose’be (vote-buying) would have to be in dollars this time, since politicians would not have access to bullion vans, he assured me that at least two of the leading presidential candidates can commandeer billions of naira, anytime they need cash for election purposes. Banks’ CEOs are politicians’ toys and are ready to risk jail term for a potential incoming President than serving the interest of an outgoing lame-duct incumbent. Any loss suffered now, will be recouped from June 2023.

Once the banks’ chiefs are in, only CBN can salvage the project, by greatly limiting cash flow to the banks. But can Emefiele himself say no to those who ran his ill-fated presidential campaign? Can the nation trust him, to deal with the crookedness of his banker colleagues who are likely to preserve all redesigned naira notes for their politician-patrons, just like they currently do with the dollar, to the detriment of everyday Nigerian?  Will Nigerians go through the obvious pains of the policy, without the gain of having their electoral will on the ascendancy?

Now that it is still day, the President can still pull the policy by announcing an indefinite extension of the takeoff date, if his honest review predicts a loss against those waiting to cancel the policy, within his government and elsewhere.

But if he is ready to fight for the people, like his predecessor Goodluck Jonathan, he might just snatch victory from the jaws of defeat, whether APC wins or loses.

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Strictly Personal

This Sudan war is too senseless; time we ended it, By Tee Ngugi

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Why are the Sudanese Armed Forces (SAF) and the paramilitary Rapid Support Forces (RPF) engaged in a vicious struggle? It is not that they have ideological, religious or cultural differences.

Not that people should fight because of these kinds of differences, but we live in a world where social constructions often lead to war and genocide. It is not that either side is fighting to protect democracy. Both sides were instruments of the rapacious dictatorship of Omar el-Bashir, who was overthrown in 2019.

 

Both are linked to the massacres in Darfur during Bashir’s rule that led to his indictment by the International Criminal Court for crimes against humanity. They both stood by as ordinary, unarmed people took to the streets and forced the removal of the Bashir regime.

 

None of these entities now fighting to the last Sudanese citizen has any moral authority or constitutional legitimacy to claim power. They both should have been disbanded or fundamentally reformed after the ouster of Bashir.

 

The SAF and the RSF are fighting to take over power and resources and continue the repression and plunder of the regime they had supported for so long. And, as you can see from news broadcasts, they are both well-versed in violence and plunder.

 

Since the fighting began in 2023, both sides have been accused of massacres that have left more than 30,000 people dead. Their fighting has displaced close to 10 million people. Their scramble for power has created Sudan’s worst hunger crisis in decades. Millions of refugees have fled into Chad, Ethiopia and South Sudan.

 

The three countries are dubious places of refuge. Chad is a poor country because of misrule. It also experiences jihadist violence. Ethiopia is still simmering with tensions after a deadly inter-ethnic war.

 

And South Sudan has never recovered from a deadly ethnic competition for power and resources. African refugees fleeing to countries from which refugees recently fled or continue to flee sums up Africa’s unending crisis of governance.

 

Africa will continue to suffer these kinds of power struggles, state failure and breakdown of constitutional order until we take strengthening and depersonalising our institutions as a life and death issue. These institutions anchor constitutional order and democratic process.

 

Strong independent institutions would ensure the continuity of the constitutional order after the president leaves office. As it is, presidents systematically weaken institutions by putting sycophants and incompetent morons in charge. Thus when he leaves office by way of death, ouster or retirement, there is institutional collapse leading to chaos, power struggles and violence. The African Union pretends crises such as the one in Sudan are unfortunate abnormally. However, they are systemic and predictable. Corrupt dictatorships end in chaos and violence.

 

Tee Ngugi is a Nairobi-based political commentator.

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Air Peace, capitalism and national interest, By Dakuku Peterside

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Nigerian corporate influence and that of the West continue to collide. The rationale is straightforward: whereas corporate activity in Europe and America is part of their larger local and foreign policy engagement, privately owned enterprises in Nigeria or commercial interests are not part of Nigeria’s foreign policy ecosystem, neither is there a strong culture of government support for privately owned enterprises’ expansion locally and internationally.

The relationship between Nigerian businesses and foreign policy is important to the national interest. When backing domestic Nigerian companies to compete on a worldwide scale, the government should see it as a lever to drive foreign policy, and national strategic interest, promote trade, enhance national security considerations, and minimize distortion in the domestic market as the foreign airlines were doing, boost GDP, create employment opportunities, and optimize corporate returns for the firms.

Admitted nations do not always interfere directly in their companies’ business and commercial dealings, and there are always exceptions. I can cite two areas of exception: military sales by companies because of their strategic implications and are, therefore, part of foreign and diplomatic policy and processes. The second is where the products or routes of a company have implications for foreign policy. Air Peace falls into the second category in the Lagos – London route.

Two events demonstrate an emerging trend that, if not checked, will disincentivize Nigerian firms from competing in the global marketplace. There are other notable examples, but I am using these two examples because they are very recent and ongoing, and they are typological representations of the need for Nigerian government backing and support for local companies that are playing in a very competitive international market dominated by big foreign companies whose governments are using all forms of foreign policies and diplomacy to support and sustain.

The first is Air Peace. It is the only Nigerian-owned aviation company playing globally and checkmating the dominance of foreign airlines. The most recent advance is the commencement of flights on the Lagos – London route. In Nigeria, foreign airlines are well-established and accustomed to a lack of rivalry, yet a free-market economy depends on the existence of competition. Nigeria has significantly larger airline profits per passenger than other comparable African nations. Insufficient competition has resulted in high ticket costs and poor service quality. It is precisely this jinx that Air Peace is attempting to break.

On March 30, 2024, Air Peace reciprocated the lopsided Bilateral Air Service Agreement, BASA, between Nigeria and the United Kingdom when the local airline began direct flight operations from Lagos to Gatwick Airport in London. This elicited several reactions from foreign airlines backed by their various sovereigns because of their strategic interest. A critical response is the commencement of a price war. Before the Air Peace entry, the price of international flight tickets on the Lagos-London route had soared to as much as N3.5 million for the  economy ticket. However, after Air Peace introduced a return economy class ticket priced at N1.2 million, foreign carriers like British Airways, Virgin Atlantic, and Qatar Airways reduced their fares significantly to remain competitive.

In a price war, there is little the government can do. In an open-market competitive situation such as this, our government must not act in a manner that suggests it is antagonistic to foreign players and competitors. There must be an appearance of a level playing field. However, government owes Air Peace protection against foreign competitors backed by their home governments. This is in the overall interest of the Nigerian consumer of goods and services. Competition history in the airspace works where the Consumer Protection Authority in the host country is active. This is almost absent in Nigeria and it is a reason why foreign airlines have been arbitrary in pricing their tickets. Nigerian consumers are often at the mercy of these foreign firms who lack any vista of patriotism and are more inclined to protect the national interest of their governments and countries.

It would not be too much to expect Nigerian companies playing globally to benefit from the protection of the Nigerian government to limit influence peddling by foreign-owned companies. The success of Air Peace should enable a more competitive and sustainable market, allowing domestic players to grow their network and propel Nigeria to the forefront of international aviation.

The second is Proforce, a Nigerian-owned military hardware manufacturing firm active in Rwanda, Chad, Mali, Ghana, Niger, Burkina Faso, and South Sudan. Despite the growing capacity of Proforce in military hardware manufacturing, Nigeria entered two lopsided arrangements with two UAE firms to supply military equipment worth billions of dollars , respectively. Both deals are backed by the UAE government but executed by UAE firms.

These deals on a more extensive web are not unconnected with UAE’s national strategic interest. In pursuit of its strategic national interest, India is pushing Indian firms to supply military equipment to Nigeria. The Nigerian defence equipment market has seen weaker indigenous competitors driven out due to the combination of local manufacturers’ lack of competitive capacity and government patronage of Asian, European, and US firms in the defence equipment manufacturing sector. This is a misnomer and needs to be corrected.

Not only should our government be the primary customer of this firm if its products meet international standards, but it should also support and protect it from the harsh competitive realities of a challenging but strategic market directly linked to our national military procurement ecosystem. The ability to produce military hardware locally is significant to our defence strategy.

This firm and similar companies playing in this strategic defence area must be considered strategic and have a considerable place in Nigeria’s foreign policy calculations. Protecting Nigeria’s interests is the primary reason for our engagement in global diplomacy. The government must deliberately balance national interest with capacity and competence in military hardware purchases. It will not be too much to ask these foreign firms to partner with local companies so we can embed the technology transfer advantages.

Our government must create an environment that enables our local companies to compete globally and ply their trades in various countries. It should be part of the government’s overall economic, strategic growth agenda to identify areas or sectors in which Nigerian companies have a competitive advantage, especially in the sub-region and across Africa and support the companies in these sectors to advance and grow to dominate in  the African region with a view to competing globally. Government support in the form of incentives such as competitive grants ,tax credit for consumers ,low-interest capital, patronage, G2G business, operational support, and diplomatic lobbying, amongst others, will alter the competitive landscape. Governments  and key government agencies in the west retain the services of lobbying firms in pursuit of its strategic interest.

Nigerian firms’ competitiveness on a global scale can only be enhanced by the support of the Nigerian government. Foreign policy interests should be a key driver of Nigerian trade agreements. How does the Nigerian government support private companies to grow and compete globally? Is it intentionally mapping out growth areas and creating opportunities for Nigerian firms to maximize their potential? Is the government at the domestic level removing bottlenecks and impediments to private company growth, allowing a level playing field for these companies to compete with international companies?

Why is the government patronising foreign firms against local firms if their products are of similar value? Why are Nigerian consumers left to the hands of international companies in some sectors without the government actively supporting the growth of local firms to compete in those sectors? These questions merit honest answers. Nigerian national interest must be the driving factor for our foreign policies, which must cover the private sector, just as is the case with most developed countries. The new global capitalism is not a product of accident or chance; the government has choreographed and shaped it by using foreign policies to support and protect local firms competing globally. Nigeria must learn to do the same to build a strong economy with more jobs.

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