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Obasanjo slams Tinubu’s Govt, calls Nigeria ‘failing State’ amidst corruption concerns
A former Nigerian president Olusegun Obasanjo has faulted the leadership of President Bola Tinubu, saying the country is becoming a “failing state”.
Obasanjo spoke in his keynote address at the Chinua Achebe Leadership Forum held at Yale University, New Haven, Connecticut, USA.
“The more the immorality and corruption of a nation, the more the nation sinks into chaos, insecurity, conflict, and disunity,” Obasanjo said during the event on Friday.
“The failing state status of Nigeria is confirmed and glaringly indicated for all to see.”
“As we can see and understand, Nigeria’s situation is bad. The more the immorality and corruption of a nation, the more the nation sinks into chaos, insecurity, conflict, discord, division, disunity, depression, youth restiveness, confusion, violence, and underdevelopment,” Obasanjo added.
“That’s the situation mostly in Nigeria in the reign of Baba-go-slow and Emilokan. The failing state status of Nigeria is confirmed and glaringly indicated and manifested for every honest person to see through the consequences of the level of our pervasive corruption, mediocrity, immorality, misconduct, mismanagement, perversion, injustice, incompetence, and all other forms of iniquity.”
Obasanjo asked the leadership of the country to work for the betterment of the people and not pander to foreign influences to the detriment of Nigerians.
The former president warned against what he described as “state capture” by some persons which he said is one of the most pervasive forms of corruption.
He said, “State capture is one of the most pervasive forms of corruption.
“What is happening in Nigeria—right before our eyes—is state capture, where public institutions are subject to undue influence from vested interests.”
He also decried the rising levels of insecurity, food scarcity, and other issues affecting Nigeria.
According to him, if food insecurity is not tackled, the country faces threats of instability.
Ex-president Obasanjo accused politicians of taking advantage of the situation instead of addressing it.
“The food items are usually packaged strategically with the image of political candidates and the parties they represent,” he said.
“The political calculation here is that destitute people are more likely to vote for a politician who brings along gifts – ironically, bought by looted treasury funds belonging to the very same people that are condescended upon – than one who only provides concrete solutions to their everyday problems that might take time.”
Presidency Accuses Obasanjo Of Running ‘Most Corrupt’ Govt in Nigeria
Sunday Dare, the Special Adviser on Public Communication and Orientation to President Bola Tinubu, has accused ex-President Olusegun Obasanjo of running the most corrupt presidency.
Obasanjo was Nigeria’s president between 1999 and 2007 and had recently claimed that the country’s failing state is due to “widespread corruption, poor leadership, and immorality” under Tinubu’s leadership.
But Dare accused Obasanjo of failing to lay the infrastructure foundation for the country when he was the president.
“Former President Obasanjo is a man with a tremendous capacity for mischief and Nigerians know it. His journey along the path of hallucinations has never been in doubt. So is his descent into muddling facts, forgetting that he ran a Presidency on record as the most corrupt. His recent diatribe at Yale University lacks sincerity,” Dare wrote on his X handle on Monday.
“It is actually laughable that Obasanjo’s pretentiousness about fighting corruption is not cutting any ice in the eyes of the general public. We all know what happened under his watch and how, up till the present moment, there has been no explanation as to how he wasted a whopping $16bn in generating megawatts of darkness across the nation. But that is not even the issue.
“Democracy suffered mortal wounds under his watch only capped by his murderous rage for an ill-fated 3rd term. Successive administrations struggled to clean up the mess Obasanjo left behind, which President Tinubu is now making progress with. Obasanjo has lost any moral right to condemn any government. He should apologise to Nigerians for not laying the foundational infrastructure Nigeria needed to advance.
“The Yoruba proverb, ‘A o ki n wo ariwo oja, eniti a anba na oja ni a n wo’. This means that you shouldn’t pay heed to the market’s noise. Rather, keep an eye on the person you are negotiating with. This is instructive. In this market called Nigeria, the man with the renewed hope agenda is the one that matters, and indeed Nigerians. Everything else is ariwo oja. This administration will stay focused on bringing relief to Nigerians. Obasanjo’s remarks reflect the infantilist nature of market noise.
“President Tinubu will Stay the Course in seeing through the reforms he has instituted for a better Nigeria.
“The point here is that Obasanjo should take time off this habit of pulling down leaders, especially his successors, and try to interrogate himself on how he has contributed to the parlous state of the Nigerian nation which President Bola Ahmed Tinubu is now spiritedly battling to put back on the track of development. We thank former President Obasanjo for agreeing that ‘Yes, there is hope’. That’s the Renewed Hope Agenda President Tinubu is about and it’s on track. We are happy to have that conversation with the former President.”
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President Bola Ahmed Tinubu has officially dissolved the board of the Nigerian National Petroleum Company Limited (NNPCL), which includes the removal of Group Chief Executive Officer (GCEO) Mele Kyari and Chairman Pius Akinyelure, along with all other board members appointed in November 2023.
In an announcement, the President introduced an 11-member restructured board, appointing Engineer Bashir Bayo Ojulari as the new GCEO and Ahmadu Musa Kida as the Non-Executive Chairman. These changes are effective immediately, as stated by Bayo Onanuga, Special Adviser to the President on Information & Strategy.
Emphasizing the need for “enhanced operational efficiency, restored investor confidence, and a more commercially viable NNPC,” President Tinubu exercised his authority under Section 59(2) of the Petroleum Industry Act (PIA) 2021 to implement this significant reorganization.
The newly formed board comprises Adedapo Segun, who continues as Chief Financial Officer (CFO), alongside six non-executive directors representing Nigeria’s geopolitical zones: Bello Rabiu (North West), Yusuf Usman (North East), Babs Omotowa (North Central), Austin Avuru (South-South), David Ige (South West), and Henry Obih (South East). Additionally, Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance, and Aminu Said Ahmed, representing the Ministry of Petroleum Resources, will serve on the board.
The President has charged the new board with conducting a strategic review of NNPC-operated and Joint Venture assets to optimize value. This includes increasing crude oil production to 2 million barrels per day (bpd) by 2027 and 3 million bpd by 2030, boosting gas production to 8 billion cubic feet daily by 2027 and 10 billion by 2030, and expanding NNPC’s refining capacity to 200,000 bpd by 2027 and 500,000 bpd by 2030. The administration also aims to attract $30 billion in oil investments by 2027 and $60 billion by 2030, building on the $17 billion secured in 2024.
Ahmadu Musa Kida, the new Chairman, is a Borno-born engineer and former Deputy Managing Director of Total Nigeria. He also has a background in basketball, having served as the ex-president of the Nigeria Basketball Federation (NBBF). Bashir Bayo Ojulari, the newly appointed GCEO, hails from Kwara State and was previously the Executive Vice President of Renaissance Africa Energy, where he led a $2.4 billion acquisition of Shell’s Nigerian assets. He brings extensive experience from Elf and Shell, having worked across Europe and the Middle East.
President Tinubu expressed gratitude to the outgoing board for their contributions, particularly their efforts in reviving the Port Harcourt and Warri refineries, which have resumed production after years of dormancy. Analysts view this leadership change as part of Tinubu’s broader reforms in the oil sector, following last year’s removal of fuel subsidies and the promotion of private refinery investments. With the new team established, there are high expectations for enhanced transparency, efficiency, and profitability within Nigeria’s state oil enterprise.
Heineken Lokpobiri, minister of state for petroleum resources, says the federal government plans to commence implementing the drill-or-drop provisions of the Petroleum Industry Act (PIA).
Section 94 of the PIA gives operators a period of three years to begin oil production or relinquish the assets to the federal government.
Speaking during the Cross Industry Group (CIG) meeting held on Tuesday in Florence, Italy, Lokpobiri said it is in the best interest of the country that all inactive wells go to work.
He said the federal government, under the leadership of President Bola Tinubu, has provided every necessary incentive to ensure international oil companies (IOCs) in Nigeria run smoothly and profitably.
“Now, it is imperative for these industry players to match the government’s efforts with increased investment by announcing final investment decisions (FIDs),” he said.
Furthermore, Lokpobiri discussed “the challenges, expectations, and measures to enhance the sector’s contributions towards domestic energy needs and regional expansion across Sub-Saharan Africa”.
He emphasised that while IOCs have highlighted engineering, procurement, and construction (EPC) contractors as a challenge, “EPCs will not come unless they see strong commitments from industry players”.
“The government has done its part to provide the requisite and investment-friendly fiscals, the ball is now in the court of the IOCs and other operators to make strategic investment decisions that will drive increased production and sustainability in the sector,” he said.
“We must also recognise that domestic crude supply is essential to national energy security. The best solution to this challenge lies in increasing production, which will ensure a balance between domestic supply obligations and external commitments.”
The minister further urged industry players to explore collaborative measures, such as shared resources for contiguous assets and the release of underutilised assets to operators ready to invest in production.
The minority caucus in the house of representatives has condemned the killing of 16 Kano-bound hunters in Edo state.
On Thursday, a mob in the Uromi area of Edo killed 16 hunters of northern descent who were travelling from Elele, Rivers state.
The travellers were attacked and lynched after some vigilance group members raised the alarm on suspicion that they were kidnappers.
The Edo state government said 14 suspects arrested in connection with the killing would be transferred to Abuja for further interrogation.
During a visit to some of the families of the victims at Bankure LGA in Kano, Monday Okpebholo, governor of Edo, assured that justice would be served.
In a statement issued on Monday, the minority caucus described the killing of the hunters as “barbaric”.
“We find such brutal killings of innocent Nigerians in any part of the country by lawless mobs very reprehensible, and if allowed to fester without being put in check by responsible organs of the federal government, such actions could threaten the peace and unity of the country,” the statement reads.
The lawmakers asked Nigerians never to resort to jungle attacks on fellow citizens but to always report any concerns to security agencies.
“We are a nation under the rule of laws, and our law enforcement agencies are always available to partner with every Nigerian to assuage their concerns,” the caucus said.
While noting that the incident is “already setting emotions on edge” in parts of the country, the legislators urged President Bola Tinubu to ensure that the security agencies investigate this matter and bring the perpetrators to justice.
“Also, adequate compensation should be paid to the affected families,” the caucus said.
The lawmakers implored Nigerians to remain calm, peaceful, and law-abiding and allow the federal and state governments to investigate the matter and ensure justice is served.
The statement was signed by Kingsley Chinda, minority leader; Ali Isa, minority whip; and Aliyu Madaki, deputy minority leader.