Opinion
Periscoping 2024 Budget Proposal
President Ahmed Bola Tinubu, penultimate Wednesday presented to the National Assembly for deliberation and approval, the 2024 appropriation bill, tagged “Budget of Renewed Hope.”The president proposed an expenditure estimate of N27.5 trillion for the 2024 fiscal year with a total recurrent overhead of N18.17 trillion (a debt-service projection of N8.25 trillion, plus non-debt recurrent expenditure of N9.92 trillion), representing 66.07 percent of total budget, while capital expenditure estimate is N8.7 trillion, a 31.64 percent of total budget. What comprises the remaining 2.29 percent, about N629.75 billion, remains unclear.The president stated that the projected budget deficit of N9.18 trillion would be financed from fresh borrowings amounting to N8.88 trillion (N7.83 trillion conventional loans, plus N1.05 trillion from multilateral and bilateral loans), and about N300 billion proceeds from privatisation.
Mr President’s budget speech was conspicuously silent on the expected revenue sum for the fiscal year 2024, but after reviewing the revenue landscapes, hinted on current tax and fiscal policy reviews to enable the federal government increase revenues, from a revenue to GDP ratio of less than 10 percent, to 18 percent. The 2024 revenue expectation could however be figured-out by deducting projected budget deficit from the total budget, a calculation that gives N18.32 trillion. This gives a revenue increase of 74.64 percent from this year’s N10.49 trillion. Debt servicing at N8.25 trillion is now 45 percent of Nigeria’s revenue.The above analysis shows the dire state of our economy. Going by Mr President’s proposal, even if Nigeria meets its revenue target for 2024, it can not finance its overhead obligations without borrowing. Nigeria is headed towards selling-off national assets to pay for basic needs, and borrowing in addition, to pay debts, finance extravagant overheads, alongside hopes of executing vital capital projects.
According to a World Bank report, Nigeria’s debt profile as at second quarter of 2023 stood at N87.38 trillion. But President Tinubu appears to still be in celebration mood, having secured his own “turn to rule.” Hardly had he dropped his presentation, and he who was preoccupied in his speech with the COP 28 climate summit in the UAE, zoomed-off to Dubai with a crowd of 1,411 delegates. Officials now claim government only sponsored 422 delegates. Given our predicaments, the expenditure for that number is wasteful. The harsher economic climate at home calls for more circumspection. This nation stands in uncommonly difficult times, wherein the utmost financial prudence is needed to stop the slide into deeper crises. The national assembly, and indeed all arms and tiers of government, should adopt more realistic approaches towards cutting down cost of governance by weeding out extraneous costs.
Extravaganzas like the N5 billion for presidential yacht, N19 billion for state house vehicles and N57.6 billion spent on Toyota SUVs for 360 house members who already enjoy bogus allowances, are few out of many outrageous profligacies. Government should also rid its capital project contracts of padded costs, to ensure value for money allotted. Resources saved could be invested in crucial development projects, pay-off national debts, shore-up external reserves which have become heavily depleted, or increase the the poor wages of ordinary workers. It has become usual to hear reports of borrowed funds earmarked for specific projects being looted or misdirected. Already, former federal lawmaker, Shehu Sani, has warned against spending the humongous N3.2 trillion budgeted for security and defence on frivolities, saying that the fund “should not be wasted on building event centres, hotels, and shopping malls, while terrorists are killing people every day in the country.” The requisite equipment and protection should be provided to the rank and file who risk their lives under harsh elements to protect lives. Their food and other welfare should be readily available to enhance professional efficiency and effectiveness.
Apart from the judicious use of defence budgets, the federal government should help curb criminality in the country by enabling job availability and food security, to help its hard-pressed populace make genuine livelihoods. The spiralling economic challemges of the past few months have made most Nigerians, who are forced daily to cut down on basic necessities, to now view the harsh years of Buhari’s government as glorious. According to a report, the nation’s service chiefs, led by Chief of Defence Staff, General Christopher Musa, during a parliamentary inquest a few weeks ago, shocked a House of Representatives plenary when he warned that “People are hungry. No matter how well you tell them to keep the peace, they will not because they have to eat and it aids criminality.” The service chiefs stressed that official corruption, lack of good governance and political will, are the real vectors of insecurity, leading to security personnel being overstretched. Emphasising, another said, “We (soldiers) are not magicians.” According to them, Nigeria has more than 1,000 unmanned border openings in about 4,000km borderlines shared with our Sahelian neighbours through which cross-border crimes and small arms proliferate into the country. Banditry and kidnapping in the north-west, north-east and north-central are therefore making farming impossible and escalating food prices. In the south-east ,‘unknown gunmen’ are almost carving-out enclaves of their own. Reports say about 629 lives have been lost to violent attacks within 45 days of Tinubu’s government.The federal government could resolve the south-east crises through adopting non-combative approaches by respecting existing court orders. With tensions doused, military personnel and expenditures being wasted in guerrilla conflicts could be put to other uses.
These considerations on security become essential because the N3.2 billion defence and security budget is the highest ever, and represents 11.64 percent of total budget. Government should not just throw money at problems without the necessary enablement towards effective security.As for Mr President’s assertion that “we are attempting to draw water from a dry well,” I beg to differ. We are rather drawing water from a richly endowed well that has become infested with so many brazen drainages, so much so that it appears dry. Mr president should use the powers available to his office to plug these leakages to make our commonwealth serve every Nigerian, equitably.The 2024 budget is envisaged on an oil production capacity of 1.78 million barrels per day (bpd), which is still about 320,000 bpd below the production records of President Jonathan’s days. Eliminating oil thefts, all illegal minings and sharp practices at the various offices of government should make more resources available for good governance and boost the economy.
Regrettably, the likelihood of the presented budget being pruned by our parliamentarians appears slim going by previous trends. In the 2023 budget for example, former President Buhari proposed an estimate of N20.51 trillion but got N21.83 trillion approved on reciprocity, a figure which is now above N24 trillion following recent supplementary approvals. With some members already singing praises to Mr Tinubu, many would rather fall over themselves to lobby for juicy constituency project allocations. It is an anomaly, in the first place, for legislators to be executors of projects, whereas their primary duty is to make laws and exercise oversight on institutions of government. Vested interests inspired by the introduction of the concept of constituency projects appear to be a soft bribe that is eroding the ability to discharge those sacred duties. If parliamentarians who were hailing Mr President on the floor of parliament did so due to the perceived jump in presented budget figure from N20.51 trillion for the 2023 budget, to N27.5 trillion, they may now have a rethink. Going by official exchange rate of N436.57/USD on which the 2023 budget was based, N20.51 translated to $46.98 billion, while at N750/USD at present, N27.5 trillion budget for 2024 translates to $36.67 billion, which rather represents a 22 percent reduction.With the dollar now hovering arround N1,200/USD in the black market, if politicians insist on their bogus allowances, then projects, the economy and the masses would face more austerity.
By: Joseph Nwankwor
Opinion
Ken Saro-Wiwa’s Unfinished Struggle (I)
On November 10, 1995, the Nigerian military government of General Sani Abacha executed Ken Saro-Wiwa and eight other Ogoni leaders after a deeply controversial trial. Their deaths marked one of the darkest chapters in Nigeria’s history. At a time when fear silenced citizens and sycophancy flourished around military power, Saro-Wiwa chose to confront tyranny. Many Nigerians retreated into silence, while others praised the regime to secure favour. He knew the risks, yet refused to abandon a people whose land had been devastated by oil exploration and whose lives remained trapped in poverty. His courage arose from the conviction that public responsibility sometimes demands resistance to authority. Saro-Wiwa understood that speaking against a military government could lead to imprisonment or death.
Nonetheless, he believed the suffering of the Ogoni people demanded a courageous response. While oil was extracted from their land, they were left with polluted rivers, damaged farmland, declining livelihoods and an environment hostile to human survival. Fishing grounds and sources of livelihood were threatened, while the people struggled to secure basic amenities. The wealth beneath their soil brought neither adequate development nor a fair share of national resources. For him, silence in the face of injustice would have amounted to complicity. Through the Movement for the Survival of the Ogoni People (MOSOP), he organised a peaceful campaign that took the Ogoni question to the international community. MOSOP gave ordinary people an organised platform through which to express their grievances and insist on recognition.
The Ogoni Bill of Rights, presented to the Federal Government in 1990, demanded political autonomy, economic justice, environmental protection and control over the people’s resources. The campaign exposed the human and ecological costs of oil operations, particularly those associated with Shell, and challenged the apparent alliance between corporate interests and an unresponsive State. The Ogoni struggle became a defining expression of minority rights and environmental justice in Nigeria and Africa. Saro-Wiwa’s writings and mobilisation drew attention to communities treated as expendable because of their limited population and political influence. He argued that numerical strength should never determine a people’s value or rights.
A minority community does not become less deserving of justice because it cannot command electoral numbers or political power. In Nigeria, every ethnic group deserves dignity, protection and a fair opportunity to benefit from the commonwealth. Rather than respond to peaceful agitation with dialogue, the Abacha regime resorted to repression. Ogoni leaders were harassed, detained and killed; others fled into exile. The crisis intensified after four Ogoni chiefs were killed in May 1994. Saro-Wiwa and other MOSOP leaders were arrested, tried by a special tribunal and executed despite international appeals for clemency and serious concerns about the trial’s fairness. The executions drew worldwide condemnation and intensified scrutiny of Nigeria’s human-rights record and oil companies in the Niger Delta.
They demonstrated the danger of using State institutions to suppress peaceful demands. The proceedings remain a reminder of the need for judicial independence and due process. Saro-Wiwa’s courage rested on the conviction that justice must be pursued despite the cost. His method combined non-violent resistance, public education and grassroots organisation. His struggle recalled the civil-rights campaign of Martin Luther King Jr. and the power of peaceful mobilisation against injustice. Saro-Wiwa linked environmental degradation to political exclusion, economic exploitation and the denial of democratic rights. Oil-producing communities, he insisted, should not remain zones from which wealth is removed to develop other parts of the country.
Their people must benefit through roads, schools, healthcare, jobs and clean water. Resource extraction carries a duty to protect host communities. His argument extended to the structure of the Nigerian federation. He challenged a revenue-allocation system that made oil-producing communities bear the environmental and social costs of extraction without commensurate benefits. Like advocates of fiscal federalism, he believed resources should be managed and shared equitably. He envisaged a society in which no community would be disadvantaged by its size, ethnicity, political affiliation, culture or religion. His vision was a country bound together by justice and equal citizenship. Saro-Wiwa was also a gifted writer, dramatist and public intellectual.
Through books, essays, plays and television, he documented Nigerian society’s contradictions and challenged abuses of power. His popular television series, Basi and Company, demonstrated his creative range, while his leadership of the Association of Nigerian Authors encouraged writers to engage national questions. He believed literature should not be detached from society’s struggles. His pen exposed environmental injustice, political repression and the dangers of silencing courageous voices. He used storytelling, satire and drama to shape public consciousness and expose social contradictions. His literary achievements gave his activism wider reach and made the Ogoni experience part of national conversation. His commitment to the Ogoni people extended beyond the oil question.
During the Civil War, he worked to protect his vulnerable community. He urged younger generations to reject subservience and complacency and pursue change through lawful, peaceful means. Citizens, he believed, must not surrender their responsibility to challenge wrong doing. An injury to one community threatens the rights and security of all. The return to democratic government in 1999 and the establishment of the Niger Delta Development Commission, the Ministry of Niger Delta Affairs and the Hydrocarbon Pollution Remediation Project (HYPREP) are among developments that have kept the region’s demands in public view. Saro-Wiwa did not create these institutions, but his movement helped expose the urgency of intervention and sustain pressure for redress.
His death made it harder to ignore the Niger Delta’s environmental and political grievances. Yet, interventionist institutions do not prove that the original demands have been met. Their effectiveness depends on competent leadership, transparent spending, measurable outcomes and community participation. Yet, thirty-one years after his execution, the central concerns of the Ogoni struggle remain unresolved. The HYPREP-led clean-up has offered hope, but many residents await meaningful improvements. Questions persist about the programme’s pace, quality and transparency, and whether its benefits reach ordinary people. A clean-up should be judged not by ceremonies or contracts, but by restored land and waterways, safe drinking water, improved livelihoods and better public health.
It must include long-term monitoring to ensure treated sites remain safe. Residents deserve information about contamination, remediation methods and completion timelines. Reports that water projects in Gwara and Ebubu Communities, in Khana and Eleme Local Government Areas respectively, failed weeks after commissioning have raised further concerns. If confirmed, the failures would indicate weaknesses in supervision, procurement and quality control.
To be continued in our next edition.
Taneh Beemene
Opinion
Reforming NYSC For Practical National Service
The National Youth Service Corps (NYSC) was established in 1973, after the Nigerian Civil War, to promote national unity, reconciliation and integration. By deploying graduates beyond their States of origin, its founders hoped to encourage understanding among Nigeria’s diverse peoples and help rebuild a divided country. However, the difficulties confronting corps members and their families now demand a comprehensive review. For many graduates, national service has become a period of uncertainty, financial pressure and exposure to risks. Parents who have spent years financing their children’s education must still find money for transportation, camp necessities, accommodation, feeding and other expenses. The monthly allowance may provide some relief, but often cannot meet the cost of living, especially where the place of primary assignment offers no accommodation or support.
Security is another serious concern. Corps members may be posted to communities affected by kidnapping, communal violence, insurgency or other threats. Government cannot eliminate every danger, but it must assess locations, provide reliable security information and avoid deployments where safety cannot reasonably be assured. National service should promote patriotism, not expose graduates to preventable harm. There is also the problem of securing meaningful places of primary assignment. A graduate trained in engineering may perform duties unrelated to engineering; a journalist may spend the year in an office with no opportunity to practise journalism. Graduates in agriculture, health, education and other specialised fields may likewise be assigned routine tasks that contribute little or nothing to their professional growth. Some depend on personal contacts or incur expenses to obtain suitable placements.
A year is significant for a young graduate entering a competitive labour market. National service should not be merely a compulsory waiting period before the search for employment begins. It should help bridge the gap between academic learning and practical work. The time has therefore come to review the structure of NYSC, not necessarily abolish it. I propose that the one-year programme should become vocational and professionally oriented. Graduates should, as far as practicable, be posted to institutions where they can gain supervised experience in their fields of study. Teachers should serve in schools; health graduates in suitable health facilities; engineers in technical organisations and public works departments; agricultural graduates in farms and extension services; and communication graduates in media and public information establishments.
NYSC should partner with ministries, state and local governments, private companies, professional bodies, universities, hospitals, schools and credible organisations to identify genuine training opportunities. Each member should have defined duties, a supervisor and clear learning objectives. At the end of the year, each should receive a record of duties performed and competencies acquired. The reform must also address remuneration and welfare. Corps members should receive fair pay that reflects the demands of their placements, while host organisations should provide reasonable support where possible. Government must establish transparent funding arrangements so that the new system does not become another burden imposed on employers or parents. Transport or accommodation assistance should be considered for difficult postings.
Graduates seeking jobs after service would have more than a discharge certificate: they would possess practical experience, workplace discipline and demonstrable skills. Employers would gain access to young people who have received supervised preparation. However, professional relevance should not erase the scheme’s founding objective of national integration. Inter-State deployment can remain, provided it is balanced with security, suitable placements and the availability of basic facilities. Where a safe and meaningful placement cannot be guaranteed outside a graduate’s State, an alternative should be considered. Orientation and community development activities can continue to promote cultural exchange, citizenship and service.
The Federal Government and NYSC management should convene consultations involving corps members, parents, universities, employers, security agencies and State Governments. Decisions should be based on evidence and the experiences of serving and former corps members. NYSC was created to help rebuild a nation divided by war. Its ideals remain important, but institutions must adapt to changing realities. Success should not be measured only by the number of graduates mobilised or certificates issued. It should also be measured by the skills acquired, the contribution made and whether young Nigerians complete their service safely and with dignity. It can better preserve the scheme’s founding ideals while meeting today’s economic and professional needs. A vocationally driven; adequately remunerated NYSC would turn national service from a costly obligation into a bridge between education, employment and national development. The purpose should not simply be to occupy graduates for twelve months, but to prepare them to work, serve and contribute meaningfully to Nigeria’s future.
Sylvia ThankGod-Amadi
Opinion
Protecting Nigeria’s Democratic Space
Quote: “Democracy is not
As the 2027 general elections
Organisers said they had
Police intervention
In Kaduna, the ADC accused
These claims require prompt
These rights apply equally to
No ambition, party or
By: Sylvia ThankGod-Amadi
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