Posts

How relevant are monarchies in contemporary governance system?

  The earliest form of governance system is the monarchy. Even the Holy Books confirms this. That’s why in Saudi Arabia, Jordan and many countries in the Middle East they are still ruled by kings. England, Spain, Morocco are still ruled by kings. In the traditional and pre-colonial Nigeria all the communities, towns and villages were governed by traditional rulers -   kings and queens. There was Queen Amina of Zauzau, King Jaja of Opobo, Oba of Benin, Alaafin of Oyo and Ooni of Ife, to mention but a few. These kings perform the executive, legislative and judicial functions with the support of their kingmakers and palace chiefs. For instance, the Alaafin of Oyo heads the old Oyo Empire that covers most part of the South West Nigeria down to Dahomey in the present Benin Republic.   The empire’s military is under the Aare-Ona-Kakanfo (Generalissimo) who is answerable to the Alaafin. The Oyomesi and Ogboni assisted the Alaafin in the performance of the legislative and judic...

Commendations and concerns over Tinubu’s cabinet reshuffle

  Last week’s cabinet reshuffle by President Bola Tinubu has generated a lot of mixed reactions. While many saw it as a masterstroke, others are either indifferent or knock the move as being underwhelming. I have had the privilege of discussing the shuffle on about 20 media platforms 13 of which were on the day after the announcement. All the major broadcast media (radio and television) and print wanted to know my position on the president’s decision, so I graciously obliged. This piece chronicles my thoughts on the president’s decision to overhaul his cabinet. The takeoff point is the announcement of the decision which was on the evening of Wednesday, October 23, 2024. Bayo Onanuga, Special Adviser, Information and Strategy for the President announced on his X-handle that President Bola Ahmed Tinubu has approved the immediate implementation of eight far-reaching actions to reinvigorate the administration’s capacity for optimal efficiency pursuant to his commitment to deliver on ...

How impunity fuels Nigeria’s underdevelopment

  “Laws are like cobwebs, which may catch small flies, but let wasps and hornets break through.”   - Jonathan Swift. Cambridge online dictionary defines the word impunity as “freedom from punishment or from the unpleasant results of something that has been done”.   Over time, I have been reflecting about Nigeria’s underdevelopment status despite our great potentials. Many say our problem is leadership, others think it is followership. Not a few have also identified corruption, nepotism, lack of rule of law, tribalism, incompetence, self-aggrandisement, religious bigotry, indolence and the likes as our bane. While I agree with this school of thought, I am of the considered view that impunity trumps all the other aforementioned factors or variables. There is a cliché from George Orwell’s classic, “Animal Farm” which says all animals are equal but some are more equal than the others. Crimes and criminality are global phenomenon. They are two evils that defy clime and cre...

Jide Ojo’s Record Breaking Media Interviews on October 24, 2024

  Despite not holding a press conference, I may have set a record of highest number of interviews in one day, perhaps in Nigeria. Most of the interviews were on President Tinubu’s Cabinet Reshuffle of yesterday.   Wow! It feels good. Asorogbayi, gentleman of the press! Check this out! 1.      Radio Now 95.3 Lagos 2.      Raypower 100.5 FM Network 3.      Law FM 103.9 Lagos 4.      Nigerian Television Authority   5.      Daily Trust 6.      Arise News TV 7.      True Vision TV 8.      TV 360 9.      Blueprint 10. The Guardian 11. Voice of the People TV (VOP) 12. Global TV 13. Citizen 93.7 FM Abuja

Good, bad, and ugly sides of Nigerian banks

According to the Nigerian Bureau of Statistics: “The history of modern Banking in Nigeria dates back to 1892 with the establishment of the African Banking Corporation in Lagos. In 1894, the Bank of British West Africa (now First Bank) took over the Africa Banking Corporation. The Bank for British West Africa remained the only bank in Nigeria until 1912 when Barclays Bank (now Union Bank) was set up. Subsequently, other banks came on-stream. Until 1959, the banking industry in Nigeria was largely unregulated. Thus, there were no reliable and organised data on the monetary sub-sector. As the country approached independence, the Central Bank of Nigeria was founded, on 1st July, 1959. According to Section 4 of the 1958 CBN Ordinance, one of the principal objectives of the bank is “to promote monetary stability and a sound financial structure in Nigeria”. Privatisation and commercialisation happened early for the Nigeria’s banking sector. Owing bank accounts was elitist until 1990s. Recal...

Jide Ojo: Guardian of Truth and Integrity by Stephanie Shaakaa

In the vast arena of the Nigerian media space, where voices rise and fall with the tide of public discourse, Jide Ojo affectionately known as Asorogbayi, stands as a towering figure defined by integrity, fearlessness, and an unwavering commitment to truth. There's hardly any media analyst more engaged  in Nigeria than Jide Ojo. Today, we celebrate not just his career but a pivotal moment in the history of Nigerian journalism 34 years of tireless writing and 12 years as a columnist with The PUNCH, one of Nigeria’s most influential newspapers. In an era where media narratives can easily be swayed, Jide has become a beacon of clarity and reason. Since October 2012, his incisive commentaries have shaped public opinion, with over 1,500 thought-provoking columns that inform and challenge readers to think critically about governance, leadership, and societal issues. His words resonate deeply, transforming complex topics into accessible insights for all Nigerians. Jide's influence exte...

Operation ‘wetie’ in Rivers State: Genesis to Revelation

  Since the return to civil rule in 1999, Rivers State, the acclaimed treasure base of Nigeria, has had five governors namely Peter Odili, Celestine Omehia, Chibuike Amaechi, Nyesom Wike, and now Simnalayi Fubara. The first major political crisis in the state happened in 2006 during the Peoples Democratic Party governorship nomination for the 2007 election. Ameachi had won the primary but ex-President Olusegun Obasanjo said his victory had k-leg–whatever that means–and as such, Ameachi was denied the party nomination, and the ticket was unjustly given to Celestine Omehia who did not participate in the PDP primary election. The Supreme Court nullified Omehia’s election on October 25, 2007, and asked that Amaechi be sworn in as governor. It was what the lawyers call locus classicus. It was unprecedented for someone who did not campaign to be declared winner of the election and be asked to be sworn in ‘immediately’. The apex court reasoned that when people vote at elections, they ar...