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Tinubu Nominates Yemi Cardoso As CBN Governor, Names Deputies

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President Bola Tinubu has nominated Olayemi Cardoso as the new Governor of the Central Bank of Nigeria (CBN).

This is according to a statement from presidential spokesman Ajuri Ngelale. Cardoso will replace the Acting Governor of the CBN Folashodun Shonubu if confirmed by the Senate.

“President Bola Tinubu has approved the nomination of Dr. Olayemi Michael Cardoso to serve as the new Governor of the Central Bank of Nigeria (CBN), for a term of five (5) years at the first instance, pending his confirmation by the Nigerian Senate,” the Friday statement added.

Aside from the Lagos-born Cardoso, Tinubu appointed four deputy governors in “conformity with Section 8 (1) of the Central Bank of Nigeria Act, 2007, which vests in the President of the Federal Republic of Nigeria, the authority to appoint the governor and four (4) deputy governors for the Central Bank of Nigeria (CBN), subject to confirmation by the Senate of the Federal Republic of Nigeria”.

Ajuri said the nominations are in line with Tinubu’s Renewed Hope agenda with the Nigerian leader expecting them to “successfully implement critical reforms at the Central Bank of Nigeria”.

The move came months after President Tinubu named Shonubi as the CBN acting governor. Until his new role, he was the bank’s deputy governor in charge of the operations directorate.

His new role followed Godwin Emefiele’s suspension as the governor of the CBN.

“This is a sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy,” the Director of Information, Office of the Secretary to the Government of the Federation Willie Bassey said while confirming Emefiele’s suspension.

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He was later arrested by the Department of State Services (DSS) but released on bail.

Emefiele, who is being tried on an alleged N6.9b fraud, was appointed by former President Goodluck Jonathan in 2014.

But he faced backlash at the tail end of his tenure owing to the naira swap/redesign policy of ex-President Muhammadu Buhari’s administration.

The initiative caused a cash crunch in the country with several Nigerians taking to the streets in protest in the leadup to the 2023 general elections.

While the CBN withdrew the old currency notes and insisted on the use of the new banknotes, it took a Supreme Court order for the bank to allow the usage of new and old naira notes.

Tinubu had in his campaigns criticised the policy promising to reverse the “harshly applied” policy if elected.

He made good on that vow during his inauguration, telling Nigerians that his “administration will treat both currencies as legal tender”.

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NASS and the game of low women numbers

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By Jumai Ahmadu

It is no longer news that there was an altercation between Senator Natasha Akpoti-Uduaghan and the Senate President Godswill Akpabio, but what it underscores is how women in elective positions in Nigeria continue to face severe under-representation.

Senator Natasha Akpoti, who was almost suspended from parliament by the Senate President, is just one out of similar cases in the recent past. Sen. Ireti Kingibe and Sen. Remi Tinubu (now First Lady) all had bitter experiences at the upper chamber.

It is in the light of these awful experiences that Seat Reservation for Women Bill by the Deputy Speaker of the House of Representatives, Benjamin Kalu, becomes urgent to only boost gender parity, but to unlock national prosperity of which women are a critical segment of.

Nigerian women’s political engagement in Nigeria has quantitatively shown that there is grossly low levels of female election to the National Assembly. The issue of female electiveness is one of myriad of issues women face in Nigeria – poor economic power, discrimination, cultural and religious inhibitions as well as societal biases.

The very notion that the country’s political sphere since 1999 has not witnessed any seismic shift in terms of gender equity and parity rather has remained largely dominated by men despite several efforts by both government and the private sector to enhance women participation and representation in elective politics does not inspire confidence in terms of inclusion and diversity.

A statistical report in 2017 on women and men in Nigeria shows that representation of high-ranking government officials with decision-making powers is heavily lopsided in favour of men. The representation of women in the 9th Assembly is not a significant improvement from past Assemblies.

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In 1999, sixteen (16) women were elected into the National Assembly with thirteen (13) in the House of Representatives and three (3) in the Senate. The total number increased to 25 in 2003 with twenty-one (21) in the House and four (4) in the Senate.

The highest number of women ever to be elected into the National Assembly is thirty (36) in 2007 with twenty-seven (27) in the House and nine (9) in the Senate. Since then, there has been a steady decline to thirty-two (32) in 2011, twenty-nine (29) in 2015 and seventeen (17) in 2019.

In the 9th National Assembly, there were eight (8) female Senators (7.3%) and thirteen (13) female Members of the House of Representatives (3.6%), which represents 4.5% of the entire Assembly.

The 10th Assembly has women occupying four (4) out of 109 seats (2.7%) in the Senate and 17 out of 360 seats in the House of Representatives (4.7%), which represents 4.2% of the 469-member Assembly.

Therefore, after seven general election cycles since 1999, the number of women in the Senate has dropped to what it was at Nigeria’s return to democracy in 1999.

It is thus significant to note that the cumulative percentage of women in the two chambers of Nigeria’s incoming 10th National Assembly is below 5%. It is also important to note that no woman was elected in 15 out of Nigeria’s 36 State Houses of Assembly following the state level general elections in March 2023.

With current figures for the 10th National Assembly, Nigeria shamefully places at the lowest neighborhood of the ranking of countries on women in public leadership especially African Parliaments.

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The National Assembly must take action to support increase in the number of women represented in government by passing the specific Constitution Alteration bills to achieve this.

The Temporary Special Measures bill, with more than 80 other House of Representatives members co-sponsoring it, was debated but failed to pass in the 9th Assembly. It is instructive that women groups are continuing work on the bill in the current 10th National Assembly and needs to work harder not to lose this opportunity again.

Women’s lack of adequate participation in legislative processes has negatively impacted promotion and enforcement of their rights, and despite the low representation of women in the National Assembly, the bills sponsored by female legislators has had significant impact on the lives of all Nigerians. Men’s efforts, if any, to promote these rights are not sufficient, because they are not direct beneficiaries.

Structural biases and barriers to women’s political participation indicate that the few women who show active interest in politics are discouraged by factors that include prevailing gender stereotypes, cultural/religious reasons, unfavourable political environment, lack of financial capacity, electoral violence and restrictive party structures and processes, amongst others.

Political hurdles, socio-cultural issues such as patriarchy, religious dogma, and conventional views of women in politics and socio-economic hurdles such as low income, lack of resources, electoral processes and political party structures, have all been identified as barriers to women’s political engagement.

While women are making significant contributions to Nigerian politics, their representation in political and decision-making positions needs to be improved.

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And 30 years after the Fourth World Conference on Women and adoption of the Beijing Declaration and Platform for Action (1995) we are nowhere near the 35% affirmative action.

Women groups plan to participate in the 69th Session of the United Nations Commission on the Status of Women Conference scheduled to hold March 10 to 21, 2025.

The main focus of the sixty-ninth session will be on the review and appraisal of the implementation of the Beijing Declaration and Platform for Action and the outcomes of the 23rd special session of the General Assembly.

It is therefore recommended that the country’s 35 per cent affirmative action for women’s representation in politics be codified into law. Having legislation that requires government at all levels to have at least 35 per cent representation of women in appointive public service positions will be a good way to engender greater participation of women in politics.

Considering the importance of their presence in governance, we urge women in public leadership to stand firm and continue representing their constituents. They should never ever lose their voice, but rather continue to stand strong in your commitment to citizens and prove that representation matters.

Dr. Jumai Ahmadu is the Acting Director, Reform Coordination and Service Improvement Department, of the Federal Capital Territory Administration.

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Sustained military operations restore normalcy to Northeast – Nigerian Army

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The General Officer Commanding (GOC), 7 Division of the Nigerian Army, Maj.-Gen. Abubakar Haruna, has said sustained military operations have improved security in the Northeast region.

He said this had led to return of economic activities and public gatherings in the region.

Haruna said this in an interview with the News Agency of Nigeria (NAN) Abuja on Wednesday in Maiduguri.

He noted that the return of major agricultural activities as well as successful coronations of new traditional rulers in Madagali, Askira, Chibok, Dikwa, and Bama were clear indicators of improved stability in the region.

He explained that the presence of high-profile guests at these events, including top government officials, military commanders, and traditional rulers, were testaments to the improved security environment.

He also highlighted the success of last year’s farming season, which according to him, recorded bumper harvest, as further proof of growing stability in rural communities of the region.

”If you want to confirm, just visit Pulka or other farming areas. You will see that many farmers are still processing and storing their harvests,” he said.

He noted that before now, farmers were unable to access their farmlands due to persistent threats from insurgents, stressing that the military operations have created a more secured environment for agricultural activities to thrive.

He also said that the secure environment had created an atmosphere for free movement of people and goods to community markets in different parts of the region.

”Unlike in the past, residents can now travel from one location to another without requiring military escorts. That alone is a major sign that things have changed,” he said.

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The GOC reaffirmed that kinetic operations remained a critical tool in dismantling insurgents’ hideouts and forcing militants to surrender.

”We are still in the field, monitoring and engaging them. Through such sustained operations, many terrorists have voluntarily surrendered because they can no longer sustain themselves in what they are doing.

“It is becoming increasingly difficult for them to operate,” he said.

He reiterated that the military would continue using kinetic means alongside intelligence-driven operations to ensure the complete eradication of terrorism in the region.

Haruna further highlighted the military’s non-kinetic interventions, which include providing security for schools, facilitating economic activities, and assisting communities affected by humanitarian crises.

”We have done a lot to win the hearts and minds of the people. One example is during the recent floods, where the military played a crucial role in rescue operations.

”In fact, we worked so closely with NEMA and SEMA that we practically became an emergency response agency ourselves,” he said.

He said that those interventions had positively reshaped public perceptions of the military, making it easier for troops to operate and engage with local communities.

”Our efforts have not only restored peace but have also encouraged economic growth, education, and general development in the region,” he added.(NAN)

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Zamfara Govt urged to rehabilitate, empower repentant bandits before re-integration

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Zamfara State Government has been urged to implement comprehensive rehabilitation and socio-economic empowerment programmes before re-integrating repentant bandits in the state.

Executive Director, Civil Society Organisation, Civil Society Legislative Advocacy Centre (CISLAC),, Auwal Rafsanjani, stated this in a statement issued on Wednesday in Abuja.

This, Rafsanjani said, would help to prevent re-radicalisation and mitigate potential threats to communities in the state.

He, however, commended Gov. Dauda Lawal for adopting a different approach to end banditry in the state.

Rafsanjani said that the governor took the right step by launching Operation Safe Corridor, an initiative aimed at tackling insecurity through a non-kinetic approach.

“The shift from kinetic to non-kinetic approach in addressing Nigeria’s security challenges aligns with the administration’s commitment to decisively tackling banditry.

“The initiative offers a safe passage for non-radicalised individuals who were drawn into banditry due to illiteracy, poverty and other socio-economic factors.

“CISLAC believes Operation Safe Corridor will strengthen policy focus on non-kinetic measures, reducing the heavy reliance on arms and ammunition in maintaining peace,” he said.

The executive director said that the state government should intensify efforts to disrupt the cycle of banditry at various stages, including ideation, recruitment, indoctrination and violence.

He also called for public-private partnership (PPP) arrangements to enhance community awareness and counter-extremism education.

Rafsanjani stressed the importance of providing psycho-social support, compensation and reconstruction for victims of banditry to alleviate their trauma and mitigate socio-economic losses.

He urged the Federal Government to collaborate with the state government to ensure successful implementation of Operation Safe Corridor. (NAN)

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