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Tinubu returns after 10-day ‘working visit’ to Europe

PRESIDENT-elect Bola Tinubu on Saturday, May 20, returned to the country after a working visit to Europe.

The President-elect, who spent about 10 days in Europe, was received at the Nnamdi Azikiwe International Airport, Abuja, by Senate President Ahmad Lawan, vice-president-elect Kashim Shettima, a former governor of Akwa Ibom State Godswill Akpabio, and Kano State governor Abdullahi Ganduje, among others.

Tunde Rahman, Tinubu’s media aide, had prior to the President-elect’s trip told the media that his principal would meet with investors and finetune transition plans.

“Tinubu hopes to convince them of Nigeria’s readiness to do business under his leadership through mutually-beneficial partnerships premised on jobs creation and skills acquisition.

“Reviving the country’s economy forms a major plank of Tinubu’s Renewed Hope Agenda and the meeting is part of his efforts to re-establish Nigeria’s importance in the global economic chain and create empowering opportunities for the country’s huge youth population,”Rahman said in a statement released before Tinubu’s trip.

The former governor of Lagos State is expected to assume office as Nigeria’s President on May 29 when the second term of President Muhammadu Buhari expires.

’37 Chibok girls’ parents have died since abduction’

THIRTY-SEVEN parents of the 276 girls abducted by Boko Haram insurgents from Government Girls Secondary School, Chibok, Borno State, on April 14, 2014, have died since the incident.

A sibling to one of the abductees, Ayuba Alamson, made the claim in Abuja on Saturday, May 20, at an event organised by Women Radio to commemorate nine years of the abduction and remind President Muhammadu Buhari of his vow to rescue the girls.

He said the parents of the remaining girls who were yet to return were traumatised and abandoned by the government.

Alamson explained that some of the girls who regained freedom went to secondary schools in Jos, Plateau State, to complete their education.

He claimed the girls who have finished their secondary education have since been at home without anyone helping them get admission into the university, adding that those who were not patient among them had married.

Besides, he alleged there was a report that the Federal Government budgeted N1 billion to support families of kidnapped schoolchildren in the country. But, according to him, none of the families affected has received a dime from the money.

The organiser of the event showed a documentary video of a survivor, parents and siblings of the abductees, who narrated their pains and expressed hope for a safe return of the remaining girls.

The ICIR reports that President Muhammadu Buhari promised to rescue all the girls while campaigning for the Presidency in 2015.

“I have had the opportunity to serve my country in the military up to the highest level, as a Major General and as Commander-in-Chief of the Armed Forces. In the course of my service, I defended the territorial integrity of Nigeria, and if called upon to do so again, I shall rise to the occasion.

“As a father, I feel the pain of the victims of insurgency, kidnapping and violence. Under my watch, no force, external or internal, will occupy even an inch of Nigerian soil. I will give it all it takes to ensure that our girls kidnapped from Chibok are rescued and reintegrated with their families,” Buhari said.

Despite the vow made by Buhari about eight years ago, 93 of the Chibok Girls remain in captivity.

President Buhari leaves office in nine days – May 29.

Speaking at the forum on Saturday, a journalist with HumAngle, Murtala Abdullahi, said the Buhari government’s failure to rescue the girls was a reflection of the Nigerian society.

“It’s a reflection of the Nigerian society. We don’t look out for vulnerable people.”

He said the media had done many reports on the crisis and others which occurred after it under the Buhari administration without corresponding results from the government and the insurgents.

Another panellist, Chief Executive Officer, CODE Hazmat Lawal, noted that the Nigerian government had abdicated its responsibility of providing security.

“School should be a safe place. Even at war, there are places you should not attack, like schools and hospitals.”

He said the government never admitted that the girls were missing until the media and civil society organisations sustained an outcry.

He, however, expressed hope that the girls would be released under the Bola Tinubu presidency, given that the Vice-President-elect, Kashim Shettima, was the governor of Borno State when insurgents took away the girls.

Speaking on the Buhari government’s attitude to Nigerians kidnapped by terrorists and other criminals, Executive Director Leah Sharibu Foundation, Gloria Puldu, said the President only contacted Leah Sharibu’s family three times since she was abducted with other girls in her at the Government Girls’ Science and Technical College (GGSTC), Dapchi, Yobe State in 2018.

According to her, Buhari called her parents seven months after the abduction. The President also sent his ministers of Information and Women Affairs to the family. 

She called on the incoming President, Bola Tinubu, to help rescue the remaining girls.

Speaking with The ICIR, co-founder of Women Radio 91.7, Toun Okewale Sonaiya, said, “Members of the family of the children that have been abducted, the government has the responsibility towards their welfare, and what they are saying is that the government is not taking care of them. That is their allegation.

“That is what they said to us. We brought one of the parents here who said they were not being taken care of. They’re dying from high blood pressure, from all sorts of illnesses, from trauma. They are being forgotten. We want to make a demand of the government that it has the responsibility to take care of these families.”

Deputy spokesperson Ajaka resigns from APC, silent on next move

THE deputy National Publicity Secretary of the All Progressives Congress (APC), Muritala Ajaka, has officially dumped the ruling party ahead of the November 11 gubernatorial election in Kogi State.

Ajaka, who is also a member of the party’s National Working Committee (NWC), was one of the four aggrieved aspirants who lost the ticket to former Auditor General of Local Governments, Ahmed Ododo, in the just concluded APC governorship primary in Kogi State.

Ododo polled 78, 704 votes to defeat Ajaka and Smart Adeyemi, among others.

In a letter dated April 17, 2023, Ajaka notified Kogi State governor Yahaya Bello of his decision to resign as the Deputy National Publicity Secretary and also as a member of the party.

“This gesture is a consequential act to the resignation of my membership, a notice of which I have already communicated in writing to the Chairman of APC, Ajaka Ward 1 in Igalamela/Odolu LGA of Kogi State,” parts of the letter read.

“Kindly permit me to extol the exemplary brinkmanship, astuteness, sagacity and political dexterity with which Your Excellency, being supported by the current National Working Committee, has successfully bonded the hitherto fragile fabrics of the Party; firmly enough to record the most eminent victories in the last general elections.

“Having proudly won the presidential election therefore, I have the utmost faith that the Party, under your able charge, will help the incoming administration to upgrade the standard of governance for the greater good of Nigerians.”

Though Ajaka did not state his next move, an earlier report  by the Nigerian Tribune stated that he has been adopted by the Social Democratic Party (SDP) as its candidate for the November 11 Kogi governorship election.

It was gathered that Ajaka was adopted by the SDP on Friday, May 19.

Bello’s chosen candidate, Ododo is from the Kogi central senatorial district while Ajaka hails from Kogi East. PDP candidate for the poll, Dino Melaye, is from the Kogi West.

Tribunal to merge petitions challenging Tinubu’s election

THE Presidential Election Petition Court (PEPC) has announced its intention to merge the three separate petitions challenging the election of Bola Tinubu of the All Progressives Congress (APC) in the 2023 presidential election. 

The three petitions challenging the outcome of the election, which the tribunal intends to merge, are those filed by Labour Party (LP), Peoples Democratic Party (PDP) and Allied Peoples Movement (APM).

In line with Paragraph 50 of the First Schedule to the Electoral Act, the tribunal led by Justice Haruna Tsammani said on Saturday, May 20, that it has the authority to consolidate the petitions and adjudicate on them collectively.

After the tribunal announced the plan Chris Uche, the lead counsel for the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, requested time to consult with the other petitioners before proceeding with the hearing.

“We have examined the matter, but it may require consultation with the other petitioners,” Uche, a Senior Advocate of Nigeria (SAN), said.

“We request a stand down or an adjournment to explore the necessary modalities, as this is akin to a marriage between consenting adults.”

On its part, the Independent National Electoral Commission (INEC) expressed its support for the consolidation of the petitions.

INEC’s lead counsel, Abubakar Mahmood, SAN, said the court has the powers to the merge the suits.

He said INEC will abide by and comply with the court’s decision.

“In my opinion, the provision is mandatory. It clearly states that if there are two or more petitions filed to nullify the same election or return, they must be consolidated, unless the court decides otherwise. We are content with the law’s provision and will abide by the court’s decision,” he said.

Tinubu’s counsel, Roland Otaru, SAN, requested time for consultation.

“My lords, I will need to consult with Chief Wole Olanipekun, SAN, who is the lead counsel in this matter.”

The court thereafter adjourned the proceedings until Monday, May 22, to allow all the parties to report the outcome of their consultations regarding the consolidation of the petitions.

INEC had declared Tinubu as the winner of the February 25 presidential election.

According to INEC, Tinubu secured 8,794,726 votes, the Peoples Democratic Party (PDP) candidate, Atiku Abubakar had 6,984,520, while the Labour Party (PDP) presidential candidate, Peter Obi, polled 6,101,533.

The PDP and LP candidate rejected the result and approached the tribunal with separate petitions to challenge Tinubu’s victory.

They alleged that Tinubu was not qualified to contest the election and that he failed to secure the majority of lawful votes cast at the poll.

They are also contesting that Tinubu’s running mate, Kashim Shettima, had a double nomination contrary to the Electoral Act.

In addition to Atiku and Obi’s petitions, the Allied Peoples Movement (APM) is also asking the court to nullify Tinubu’s election.

The party argued that the withdrawal of Ibrahim Masari as the initially nominated Vice-Presidential candidate of the APC invalidated Tinubu’s candidacy under Section 131(c) and 142 of the 1999 Constitution, as amended.

The party contended that there was a three-week gap between Masari’s expressed intention to withdraw, the actual withdrawal of his nomination, and Tinubu’s replacement of him with Shettima.

The APM further claimed that Tinubu’s nomination had expired when he nominated Shettima as Masari’s replacement.

Although initially five petitions were filed challenging Tinubu’s victory, The ICIR had reported that two of the petitioners, the Action Alliance (AA) and the Action Peoples Party (APP), withdrew their cases during the ongoing pre-hearing sitting of the tribunal.

Tribunal: Atiku, PDP plan to call ‘not more than 100 witnesses’

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THE Peoples Democratic Party (PDP) and its presidential candidate, Atiku Abubakar, has indicated plans to call “not more than 100 witnesses” at the Presidential Election Petitions Tribunal (PEPT).

The party is challenging the declaration of m Bola Tinubu of the All Progressives Congress (APC) as the winner of the February 25 presidential election.

Counsel for Atiku and the PDP, Chris Uche, a Senior Advocate of Nigeria (SAN), while addressing the tribunal, said all the parties had met and considered and agreed on the numbers of witnesses, and procedure for examination of witnesses.

Uche added that although the new time given them to call witnesses is seven weeks, they would need three weeks, since the issues were getting narrower.

All the parties in the suit agreed to streamline the numbers of witnesses as well as the duration of each party to call witnesses.

For the evidence in chief, 30 minute was given to the the lead witness because they will tender and identify documents.

They also proposed 15 minutes for each respondent for cross-examination and five minutes for re-examination of the lead witness of the petitioners.

In addition, 10 minutes was proposed for other witnesses of the petitioners, as well as 10 minutes for cross-examination of these witnesses, by the respondents.

For the star witnesses of the respondents — the Independent National Electoral Commission (INEC), Tinubu and the APC — 30 minutes was proposed, while 30 minutes was also proposed for cross-examination of the respondents’ witness by the respondents.

INEC said it has two witnesses that will testify, while the counsel to President -elect said it had 39 witnesses ready.

For the President-elect, the report of any star witness should be made available 48 hours before hearing.

The documents to be filed must be given to other parties before the hearing and calling of witnesses.

Examination of experts/star witnesses was fixed for 20 minutes, while cross-examination by respondents was scheduled for 30 minutes. Re-examination was fixed at five minutes

Furthermore, examination of non-experts/star witness was scheduled for 10 minutes. Fifteen minutes was provided for cross-examination of witnesses, while re-examination will take five minutes.

FG names six new deputy controllers-general for Nigerian Correctional Service

THE Federal Government has elevated six Assistant Controller Generals of the Nigeria Correctional Service (NCoS) to the rank of Deputy Controller General.

The newly promoted Deputy Controllers-General (DCGs) will head the six broad administrative divisions called Directorates for efficient management of the Service.

The Deputy Controllers-General will also constitute together with the Controller-General the highest decision-making body in the Administration of the Nigerian Correctional Service.

A statement released on Saturday, May 20 by the spokesperson of NCoS, Umar Abubakar, stated that the promotion was done by the Civil Defence, Correctional, Fire and Immigration Services Board.

The promoted superior officers are Abdullahi Magaji, Ahmadu Adamu, Timothy Tinuoye, Marylaurene Melchizedek, Jerome Akinrujomu and Joseph Esu Usendiah.

Speaking on the development, the Minister of Interior, Rauf Aregbesola urged the officers to redouble efforts to meet the mandates of the Service.

Aregbesola stressed the need for the the promoted officers to bring their expertise and experiences to bear so as to improve the fortunes of correctional administration in Nigeria.

The promoted DCGs have since been deployed to head various directorates of the Service

The ICIR reported that the Nigerian Correctional Service (NCoS) recently disclosed that there are about 3,298 inmates on death row in Nigerian prisons.

NCos public relations officer, Umar Abubakar, said this in an interview with NAN on April 19.

The prisons spokesman blamed the high number of death row inmates on the hesitation of state governors to sign death warrants.

According to him, death sentences are not always carried out due to the governors’ reluctance to sign warrants for execution of condemned prisoners.

“As of today, we have a total of 3,298 inmates on death row. They constitute about 4.5 per cent of the total number of inmates in our various custodial centres nationwide,” he said.

“They are awaiting the hangman’s noose in our custodial centres after being found guilty of capital offences.”

However, Umar further explained that sometimes execution of condemned prisoners is delayed because the concerned cases are still being appealed at higher courts.

Otti dismisses sack by Kano federal high court

ABIA State Governor-elect, Alex Otti, has dismissed the purported nullification of his election by a Federal High Court in Kano as baseless and misleading.

The ICIR had reported that Otti, alongside other candidates of the Labour Party (LP) in Abia and Kano states were sacked by Justice M. N. Yunusa on Friday.

Yunusa purportedly ruled that their emergence and subsequent participation in the polls did not adhere to the requirements of the Electoral Act, 2022.

The judge in the suit filed by one Ibrahim Haruna Ibrahim against the LP and the Independent National Electoral Commission (INEC) ruled that the failure of the LP to submit its membership register to INEC within 30 days of its primaries rendered the process invalid.

Judge denies nullifying Oti’s election

After the judgment sparked outcry on social media, the judge clarified saying that his decision did not have any bearing on Otti, the LP candidates in Abia.

The court, however, said it nullified the election of the candidates for Kano LP that contested during the 2023 general election.

“This court lacks jurisdiction to make an order for the issuance of certificate of return. They are at liberty to seek redress in the appropriate division of the court,” he said.

He said INEC was bound to insist on receiving the registered members of the first respondent and that of other political parties 30 days before primary election in compliance with section 77(3) of the Electoral Act 2022.

The section states that a party that has not complied with the Section 77(2)(3) of the Electoral Act 2022 cannot be declared winner of the election.

“The court declared the primary election of LP in Kano as null and void,” Nasir-Yunusa said.

However, in a statement issued by Ferdinand Ekeoma, his Special Adviser Media and Publicity, the Governor-elect, urged the public to disregard his sack.

Ekeoma, who described the entire process as a “legal coup”, criticised the individuals behind the suit for lacking the courage to confront his boss directly.

He noted that Otti was never made a party to the case, likely due to fear that his highly competent lawyers, would have exposed the perpetrators’ motives.

According to Ekeoma, the court refrained from issuing any order concerning Abia LP candidates or Otti himself, because it was aware of its powers and the potential trap set by the perpetrators.

Referring to previous cases handled by the Federal High Court in Abia involving LP and PDP candidates, Ekeoma highlighted the victories achieved by LP at all levels of the judiciary, from the Federal High Court to the Court of Appeal and even the Supreme Court.

He reiterated that the case brought by the petitioners constituted a pre-election matter, stressing that the petitioners lacked the standing required by Section 285(14)(a) of the Electoral Act as they were not aspirants in LP.

“The court specifically stated in Clause 9 of the judgment that the candidates that participated in the election in Abia are not parties before this court and as such the court lacks the jurisdiction to make an order for the issuance of Certificate of Return to them,” he said.

“The Federal High Court in Abia had entertained similar cases as pre-election matters involving some PDP candidates versus LP candidates, and the matters were adjudicated upon to the Supreme Court.

“In all the cases, LP won at the Federal High Court, Court of Appeal and Supreme Court.

“The case brought by the petitioners is a pre-election matter and under Section 285(14)(a) of the Electoral Act, the petitioners have no locus standi as they were not aspirants in LP.”

He further argued that the Federal High Court in Kano had no jurisdiction over Abia and stressed that any decision stemming from that court would have no effect on Otti’s position.

He urged the public not to panic and assured them that Otti would soon be sworn in as governor, enabling him to initiate the process of rebuilding the state.

Otti emerged victorious in the March 18 Guber poll after beating his major rival, Okey Ahiwe of the Peoples Democratic Party (PDP)

The LP candidate secured 175,467 votes, while Ahiwe got 88,529.

Enyinnaya Nwafor of the Young Peoples Party (YPP) scored 28,972 votes to finish third.

PROFILE: Meet Madein, Nigeria’s first female Accountant-General

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NIGERIAN President Muhammadu Buhari approved the appointment of Oluwatoyin Sakirat Madein as Accountant-General of the Federation (AGF) on Friday, May 19.

Madein, the first female to be appointed to that position in the country, was the Director of Finance and Accounts at the Office of the Head of the Civil Service of the Federation until her appointment.

Born in Iperu Remo, Ikenne Local Government Area (LGA) of Ogun State on March 7, 1965, Madein acquired a Higher National Diploma (HND) in Accountancy at Ogun State Polytechnic, now known as Moshood Abiola Polytechnic, Abeokuta, in 1988.

She has acquired several other degrees since then, and in 2020, Madein completed her doctoral degree in Management Finance from Walden University, Minnesota, United States.

The AGF a Fellow of the Association of Chartered and Certified Accountants (ACCA), member of the Institute of Chartered Accountants of Nigeria (ICAN) and the Association of National Accountants of Nigeria.

She began her career, which has spanned over three decades, as a middle-level officer at the Raw Materials Research and Development Council (RMRDC).

She has served in different ministries, including Police Affairs, Commerce and Industry, Works and Housing, Youth and Sports Development, among others.

She also worked as an Executive Officer (Accounts) in the Ogun State Property and Investment Corporation (OPIC), Abeokuta, Ogun State.

A statement from the Office of the Head of Service of the Federation said Madein’s appointment took effect from Thursday, May 18, exactly one year after the ex-AGF, Ahmed Idris, was suspended.

“The President, Muhammadu Buhari, has approved the appointment of Dr (Mrs) Oluwatoyin Sakirat Madein as the substantive Accountant-General of the Federation following the successful conduct of a selection process to fill the existing vacancy.

“The Head of the Civil Service of the Federation, Dr. Folasade Yeti-Esan CFR, made this known today, Friday, 19 May, 2023, in Abuja, adding that the appointment is with effect from Thursday, May 18, 2023. The new appointee is to resume immediately,” the statement read.

Madein is replacing Ahmed Idris, suspended in 2022 for his alleged involvement in an N80 billion fraud case.

Idris was arrested by officials of the Economic and Financial Crimes Commission (EFCC) on May 16, 2022, after he failed to honour invitations extended to him over the allegations.

According to the EFCC, Idris misappropriated the funds through consultancies and other illegal activities using proxies, family members and close associates.

The Commission also said Idris laundered the funds through real estate investments in Kano and Abuja.

Following his arrest, the Minister of Finance Budget and National Planning Zainab Ahmed in a letter to Idris, announced his suspension to enable proper investigation into the fraud allegation.

“Following your recent arrest by the Economic and Financial Crimes Commission (EFCC) on allegations of diversion of funds and money laundering, I write to convey your suspension from work without pay effective 18th May 2022.

“During this period, you are not expected to attend to your place of work or contact any official in your office except for any disciplinary hearing that may be advised,” the minister noted in the letter.

Before Idris’ arrest, The ICIR reported in 2019 that he was a significant player in the trail of fraudulent practices at the Nigeria Bulk Electricity Trading Plc (NBET) under the watch of Marilyn Amobi.

PDP reacts, says NYSC DG lied on Mbah’s certificate

THE Peoples Democratic Party (PDP) has disputed the claim by the Director-General of the National Youth Service Corps (NYSC), Yusha’u Ahmed, that the NYSC certificate submitted to the Independent National Electoral Commission (INEC) by the state’s governor-elect Peter Mbah was not authentic.

The PDP accused the NYSC DG of lying against the governor-elect.

The NYSC DG had insisted that the NYSC certificate submitted by Mbah to INEC to enable him contest in the 2023 governorship election was not issued by the organisation.

Ahmed stated this on Friday, May 19, while featuring on Arise News Television magazine programme ‘The Morning Show’.

“You can’t go and collect certificate on the street. You can’t go and collect certificate in your room. You can’t go and collect certificate in the hotel. You should know better. Please, I don’t want to talk much about this. The Governor-elect is a lawyer. I am not a lawyer, but I know as the DG NYSC, I’m aware fully of this case,” he said.

“He came to me, I called my Director of Administration, ‘let me see your certificate’. I was so frank and clear to him that the certificate is not from us. I showed him some few examples just to help him. But he chose to go to court and even to sue whoever that he’s suing. 

“As far as I’m concerned, NYSC has not been sued. I’m yet to see anything from the court. All that people are saying is what I’m hearing. I’ve not received any court order. We don’t tolerate anything certificate racketeering.”

Meanwhile, addressing journalists in Enugu, the spokesperson of the Enugu State PDP Campaign Council, Nana Ogbodo, challenged the NYSC DG “to produce any other certificate in the series of Mbah’s certificate that has the same serial number as his”.

Ogbodo said: “The DG lied when he claimed that he told Mbah during a meeting in his office that the NYSC did not issue his certificate. The truth is that he told Mbah that the director in question neither briefed nor cleared with him before issuing the letter dated February 1, 2023 disclaiming Dr. Mbah’s discharge certificate.”

“He equally expressed surprise when Mbah showed him the letter by the NYSC national headquarters dated 7th May 2003 (reference number NYSC/DHQ/CM/27/20) to the State Director, Lagos, NYSC, re-mobilising him for the remaining part of his service year after a break, by the express and written permission of the agency, to complete BarPart II (Bar Final).

“Excerpt from the re-mobilisation letter states: ‘I am directed to refer to your letter of 24th April, Reference No. LA/01/1532/T on the above subject matter and to request you to re-instate the corps member to continue his service year from where he stopped, with effect from May 2003’.

“It is noteworthy that the directors and staff present at the meeting did not deny that the NYSC authored the letter re-mobilising Mbah, while his place of primary assignment, Udeh & Associates, Lagos, has not denied that it authored the letter reabsorbing him to complete the remaining months of his service year as well as the final clearance letter to enable him receive his NYSC discharge certificate at the end of his service.

“The DG actually told Dr. Mbah that he was barely three months in office at the time, but would resolve the matter with dispatch. But it is striking that the NYSC is yet to formally respond to Mbah’s petition since February 2, 2023. Instead, the NYSC, through its Director of Corps Certification, has continued to issue letters of disclaimer to various political interests in Enugu State, in clear contempt of a subsisting court judgment upholding the authenticity of his certificate and in relentless disparagement of his reputation.”

According to him, NYSC discharge certificates are printed by the Nigerian Security Printing and Minting Company PLC and have security features such as watermarks and serial numbers denoting the batches.

Background

According to a report published by ThisDay newspaper on February 7, a group alleged that Mbah had forged his NYSC certificate. 

The group, Total Support for Rule of Law and Justice Initiative and Enugu Progressive Forum, subsequently called for Mbah’s disqualification from the governorship election. 

Despite the denial of the report by the Enugu State chapter of the PDP, the issue has persisted among the candidates vying for the highly sought-after state office.

In response, Mbah took legal action against the NYSC, seeking N20 billion in damages after the organizlsation accused him of certificate forgery.

On Wednesday, March 22, The ICIR reported that INEC declared Mbah, the candidate of the Peoples Democratic Party (PDP), as the winner of the March 18 governorship election in Enugu State.

Mbah was declared winner after polling 160,895 votes to defeat his closest challenger, Chijioke Edeoga, of the Labour Party (LP), who scored 157,552.

Inflation rate rose 59 times under Buhari’s eight-year administration

AN analysis of Nigeria’s consumer price index has shown that the country’s inflation rate rose 59 times under President Muhammadu Buhari’s eight-year administration.

Buhari, upon assumption of office as the president in May 2015, started with an inflation rate of 9 per cent, but will be handing over power on May 29, 2023, with the rate at a 13.22 per cent increase.

The National Bureau of Statistics (NBS) had recently disclosed that the country’s inflation rate rose to 22.04 per cent in April 2023. This is the fourth consecutive increase this year and the highest rate recorded under the administration.

The data bureau said, “Looking at the movement, the April 2023 inflation rate showed an increase of 0.18% points when compared to March 2023 headline inflation rate. 

“Similarly, on a year-on-year basis, the headline inflation rate was 5.40% points higher compared to the rate recorded in April 2022, which was 16.82%. This shows that the headline inflation rate on a year-on-year basis increased in April 2023 when compared to the same month in the preceding year.”

The ICIR had reported how the increase in food prices was in contrast with the Federal government’s claim of attention to food sufficiency in Nigeria.

While several economic policies and setbacks like recession, the closing of the border, the COVID-19 pandemic, climate crises and cashless policies contributed to this, experts told The ICIR that the country needs to strengthen its implementation policies around the production economy, not consumption. 

The data gathered revealed that within the eight years, inflation consistently rose from January to December in 2016 and 2020. On average, the inflation rate rose more in 2017, 2021 and 2022.

Inflation rate from 2015 to April 2023
Inflation rate from 2015 to April 2023

Analysing the numbers

After Buhari’s inauguration in May 2015, the inflation rate rose to 9.2 per cent in June, from 9.0 in the previous month. The rate was sustained till August and September when it rose to 9.3 and 9.4 per cent, but dropped in October. In November and December 2015, it had risen to 9.37 and 9.55, respectively. 

In 2016, the country fell into a recession that contracted the economy by 1.6 per cent due to the decline in oil and non-oil production stock. This had an effect on the country’s inflation rate. For 13 months consecutively, the inflation rate rose by 9.1 per cent from January 2016 (9.62 per cent) to January 2017 (18.72 per cent). 

However, it had a long drop of 6.64 per cent from February 2017 (17.78  per cent) to July 2018 (11.14). This was the only time in the administration where the rate did not increase for 18 months consecutively. The rate slightly increased in 2018 by 0.05 per cent between August (11.23 per cent) and September(11.28 per cent); and 0.16 per cent between November(11.28 per cent) and December (11.44 per cent).

In 2019, the inflation rate increased in January (11.37 per cent), April (11.37 per cent), and May (11.4 per cent). 

In August 2019, the Federal government shut the land borders to crack down on smuggling activities. While the government claimed that the closure helped the economy, some believed it increased hardship. 

During this closure, the rate increased by 6.93 per cent, from September 2019 (11.24 per cent) to March 2021 (18.17 per cent). Within this year, the country was hit by a pandemic which suspended the global economy and entered into another recession

The rate rose in February 2022 from 15.7 per cent to 21.47 per cent in November. This was the first time under the administration that the inflation rate would increase beyond 20 per cent.

Meanwhile, factors like the cash withdrawal policy and the Russia-Ukraine war also played a significant role in the rising inflation rate this year. From January, the inflation rate grew from 21.82 per cent to 22.22 per cent in April. 

Experts react

The Director of the Centre for the Promotion of Private Enterprises (CPPE), Muda Yusuf, told The ICIR that the Nigerian economy is not credit-driven, making it very challenging for small and medium businesses to account for nearly 50 per cent of the economy.

Yusuf said, “The trend of the CBN monetary policy over the last few years has been that of policy tightening aimed at taming inflation.  But this policy choice has failed to reckon with domestic peculiarities driving inflation. The key drivers of Nigeria’s inflation are supply-side variables, not demand-driven.”

He said the Federal government would need to address the security concerns disrupting agricultural activities, reform the foreign exchange market to stabilise the exchange rate, fix the structural problems to boost the productivity and competitiveness of domestic firms, and manage climate change consequences to reduce flooding and desertification.

Also, the team lead of Soilless Farm Lab, Samson Ogbole, noted that the incoming administration would need to understand the country’s macro-economic environment and expand local production.

“We need to work on being able to be food secure, processing of food, eliminating food waste and think about how to create more options for our food,” Ogbole said.