Dared to dream Within a realm of hope Where aurora will emerge As victory against the dark cloud That has taken hold Of the nation’s right to light
Dared to dream Of a nation with people Like an asterism of stars From North, East, West, and South To create a pattern in unity To take the path of peace To all and for all
Dared to dream Of a nation with an honoured pledge Where her anthem is upheld With meaning actualised For the truth it represents For the nation it envisage
Dared to dream Of a nation secured for all Where bloodshed goes extinct With sentiments barnished Greed and selfishness abolished Corruption crippled Oppression seized In the spirit of brotherhood In honour of good will and progress For all to thrive
Dared to dream Of a nation with no heed to crisis With no need for hatred With no chants for division No chants for destruction With hands on deck by all Irrespective of region and religion To uphold her splendour To enjoy her bounty and resources Together as one To fight all that seeks to wreck her peace Her people, her pride
Dared to dream Of a nation with leaders who dare to care Deserving of their mantle In truth, honesty, and dedication Upholding their pledge For the good of the people For the growth of the nation As the giant that it is The African giant
Dared to dream For the sacrifice of peace made by heroes of the past Who dared to loose sight of the shore To cross the ocean must be treasured For this dream shall come alive Together we should Together we can So help us God
They have been dared, abused, attacked, harassed, and demonised, yet they pretend as if they don’t watch the news. Nope, these Northerners watch the news more than us the Southerners.
They understand the consequences of war or tribal conflict, the Igbos and Yorubas living with them has been classified as their fellow Citizens, and they treat us right in the North because they understand the meaning of PEACE.
They have nothing to loose if this tribal conflict breaks out, but still they are as calm as the lakes in the desert.
In the past two days, they have raised funds for their evicted people from the South to be transported back to the North but they have not evicted anybody from the North.
In the past two days, they have buried their people over there in the South, but no Southerner has been buried in the North over tribal attacks.
I belive there is a limit to everything and everyone has a price, there is a limit to their Patience, endurance and understanding, I just hope we don’t cross those limits and stop this madness.
Let the recent crisis that has happened in this Country teach us that not all Notherners are evil, not all Yorubas are evil and not all Igbos are evil.
Racial profiling must stop, we must fight the crime and leave the Tribe, we must prosecute the criminal and leave his or her brothers out of it.
Between 2018 and 2019, huge number of kidnapped kids from the North were found in Southeast, you all can bear me witness that kids were kidnapped from Kano and Kaduna and then sold in Anambra and Imo States, yet these Northerners kept quiet.
Let’s all be calming down, no one is worst than the other, we all are humans and we are prone to making mistakes in life.
Value the peace of mind you have today, don’t throw that privilege away because of pride and ignorance.
President Muhammadu buhari has appointed new EFCC Chairman the youngest among his predecessors since the establishment of the organization. Abdulrasheed Bawa, a 40 year old EFCC Officer holds BSc. in Economics, and Masters in International Affairs and Diplomacy.
I have watched with irreparable pain the well choreographed demonization of “Hausa Fulani” by other major ethnic groups in liaison with their ethnic minorities cheerleaders, no thanks to clueless Otorm of Benue State.
The truth is that, if you think the current demonization and genocide of the herding fulanis in parts of this country are sporadic isolated incidences, you have been fooled.
In my opinion, it was orchestrated by those following the script of their foreign masters in a grand plot to contain the political dominance of the Islamic “Hausa fulani”.
What evidence of this do you still need better than the recent hacking and killing of the innocent fulanis in parts of both the South East and the South West.
And what evidence of foreign mercenaries meddling in our domestic affairs would you need better than how miscreants took over the country in a well coordinated insurrection dubbed Endsars sponsored by enemies of the state but embraced by Governors in certain parts of the Country.
It is an agonizing mockery of fate that, in abundance of brilliance that some of these Governors are best quality of leadership that this great Country has to offer.
Some of them clueless, cantankerous, demagogue, naive and paranoid by pathological animosity towards the dominant ethnic group in terms of demography of this Country.
Without making excuses for criminal element in every ethnic group, it is a simple rule, “unless there is peace in our bushes and forests, there will never be peace in our cities “similarly, unless every citizen of this country is allowed to live and seek economic opportunities peacefully in any part of the country unmolested, there can never be peace.
The other day, i heard that the foreign sponsors of the current organized anarchy in the country will soon start a hearing on the situation in Nigeria with a potential threat of sanctions against Nigeria for our stand on same sex marriage.
Permit me to admonish here that, let America and western europe know that beyond sovereignty, Nigeria is not Central African Republic or Congo, we are not perturbed by your threat of sanctions or that of United Nations Security Council or the ragtag treacherous Amnesty International or afraid of the ICC’s threat of a commissioned inquiry into alleged human rights abuses by the Nigerian Military.
The truth is that, make no mistake, Nigeria is a medium power in Africa and despite the relentless international conspiracy against us as vividly articulated by Wikileaks, we are yet to be subdued or conquered.
Nothing can be furthered from the truth, like America like Nigeria, the Trump’s deranged regime and his recent commando invasion of the Capitol Hill should have thought America only one thing that, political rights and democracy do not mean a freedom for anarchy.
And therefore, every responsible government must deal with it ruthlessly. The bitter truth is that, you must have a Country first before you talk about cosmetics of human rights.
Now that it seems like we have overstretched the rubber band of our collective sanity, let us respect the limitations of reason.
No region of this country is a liability on to other regions, it also suffices for the record to say that, no region of this country has the monopoly of violence.
Without prejudice, with the demonization of “Hausa Fulani” and their criminal profiling, it appears that the unity of the country is only hanging by the cliff of abyss.
Forget about political correctness, it must be said point blank and understood accordingly that the North of my generation is not ready to be slaved by the burden of national unity.
It is either we accept to mutually sacrifice for the unity of the country or every region should accept the shared consequences dissolution of the union.
As for the North and this government in particular, it must ensure that the ongoing transformational projects are completed during its tenure.
The highest premium projects are; gas pipeline line to Kano, the Dutse Maradi rail line, the manbila hydro project and perhaps the aggressive development of the oil reserves in Bauchi Basin.
Finally, “the day the person who thought you were a fool realized that the real fool is him will be the beginning of his nightmare”
This afternoon, a Central Bank of Nigeria (CBN) circular sent to commercial banks and other financial institutions surfaced online. Here is a thread explaining what the circular means and why the CBN issued it.
Cryptocurrencies have gained popularity since bitcoin, the most valuable crypto, rose significantly four years ago. The coin went from $900 in January 2017 to almost $20,000 by the end of that year.
While cryptocurrencies are known for people making (or losing) money from trading, they have many use cases, including making cross-border payments, remittances or storing wealth (protected from inflation or exchange rate depreciation).
In countries where the official fiat currency is less reliable, cryptocurrencies have gained significant popularity: cue Nigeria and its ever-weakening naira.
For many in Africa’s largest country, cryptocurrencies were a breakthrough, and in 2017, we started to see a rise in bitcoin volumes. According to one estimate, local bitcoin trades hit $1 million in a single week.
At the same time, startups started to emerge—providing different financial solutions using cryptocurrencies and their technology. One of Nigeria’s largest cryptocurrency exchanges, BuyCoins, was founded in 2017.
It wasn’t all good news, though. Bitcoin was also very popular for individuals who wanted to get involved in a Ponzi scheme called MMM (Mavrodi Mondial Moneybox).
This connection, coupled with a few fraud causes, made African governments and regulators slightly cautious. For central banks, though, the rise of cryptocurrencies was a potentially scary movement.
The idea of digital currencies that central banks have no control over were seen as a threat to conducting monetary policy.
Putting all of this together, the CBN made several warnings in 2017 about the use of cryptocurrencies. They released a circular saying that the likes of bitcoin, “ripples”, litecoin, and other cryptos were not legal tenders.
The CBN said that these cryptos were mostly used for terrorism and money laundering activities. A year later, in 2018, they “warned” Nigerians again that we would not be able to get legal help if the cryptocurrency space crumbles.
Since then, the CBN has been relatively quiet on the matter. In fact, the global cryptocurrency scene hit a rough patch in 2019 as prices crashed.
That all changed in 2020 when prices started to pick up. The world looked at crypto again, but this time, there was a more formal acceptance. Large corporations began to buy bitcoin and also invest in crypto-related startups.
In Nigeria, businesses and individuals found that cryptocurrencies could solve their woes with the naira and help them transfer money in and out of the country. Bitcoin volumes started to rise significantly.
Last year, estimates from BuyCoins showed that total volumes of bitcoin traded in Nigeria stood at $200 million per month. That’s more than what was traded on the Nigerian Stock Exchange ($131 million) in Q2’2020.
This activity boosted the space, and the gatekeepers of these volumes were the cryptocurrency exchanges. Nigerians moved from exchanging bitcoin on WhatsApp groups to more formal exchanges like Bundle and Binance.
The increase in trading activity caught the eye of financial regulator, the Securities and Exchange Commission (SEC), who announced that all crypto assets fall under its remit. It formalised cryptocurrencies as “securities” in a statement released in September 2020.
Fast forward to today, four months later, and the CBN is doing something almost contradictory to the SEC’s move. While one regulator was working on laws to formalise crypto assets, the other (CBN) is going in the other direction.
According to the circular, which was sent to banks, the apex bank said that dealing in cryptocurrencies is “prohibited”. They then asked commercial banks and financial institutions to identify and close the accounts of anyone involved in cryptocurrency exchange.
It’s not clear if this order includes individuals who use these exchanges or if it’s restricted to the owner of the exchanges. Nonetheless, the move is a blow to Nigeria’s burgeoning crypto market.
It’s early to say what the impact would be. In Nigeria, announcements like this can either be implemented instantly or quickly retracted. The worst-case scenario is that both individuals and exchanges will no longer engage in transactions using a Nigerian bank account.
The exchanges would also have to find another way of storing their cash.
��s traded over $141M worth of bitcoin on BuyCoins alone last year, and the CBN seems to be clamping down on this activity.
This will also harm the startups across Nigeria’s crypto landscape (not just the exchanges). Investors will have more reasons to be worried.
It’s very similar to how Lagos state unexpectedly banned Okadas last year.
What we have here is another policy that is trying to strangle a sector that has just started to find its feet and grow.
So why is the CBN doing this?
As we have repeated many times before, foreign exchange drives most of the CBN’s moves. This case is no different.
As the crypto market has boomed since late last year and early 2021, more and more Nigerians are exchanging their naira for cryptocurrencies ranging from bitcoin to dogecoin. What does that have to do with the CBN?
Well, individuals deposit naira on exchanges and buy these coins directly. However, these companies need to acquire dollars from mainly the parallel market to buy these cryptocurrencies on the international market.
So as more people buy crypto assets, more US dollars are being taken out of Nigeria. The pandemic and the resulting drop in oil prices has reduced the amount of dollars the CBN has in its reserves. And so it has been ruthless in restricting the use of foreign currency.
Last year, the government banned the use of foreign currency for food and fertiliser imports. In a similar vein, this new CBN circular is trying to achieve the same thing: stop Nigerians from demanding dollars to make purchases outside the country.
The problem with these restrictive policies is that they starve the real economy. When the CBN banned maize imports, prices shot up, and they had to turn back on the policy slightly.
This new policy has a similar effect in that it does more to reduce the welfare of Nigerians than anything else. Why ban the country from using an innovation that is solving many problems that the government itself created?
If investors had forgotten that Nigeria was a risky place to do business, this will be a very loud reminder. As much as a business, or even an entire sector, might look attractive on paper, its appeal is beholden to the whims of the Nigerian government.
This scenario is unfortunate. It seems that the government doesn’t mind alienating the startup ecosystem. But these real businesses solving real problems are instrumental for Nigeria’s long-term growth. Yet, the government is insistent on restricting their growth.
In today’s article, our Editor-in-Chief wondered why the CBN had been quiet recently. Little did we know that they were cooking up a concoction.
I would like to draw the attention of His Excellency, the Executive Governor of Bauchi State, Sen. Bala Mohammed Abdulkadir on the issue of the unpaid salaries of some civil servants in the state.
Your Excellency, you need to first and foremost look into the positive impact of the civil servants on the development of our noble state.
It is unfortunate to note that at this trying time of economic hardship, there are some workers in the state whose names are exempted from the state’s payroll. This has clearly shown that an old voucher is being used instead of using the said updated one.
It is so disheartening that a state where 90 per cent of the population depends on salary for sustenance is experiencing this unending salary issue.
Sir, how are these people expected to live a comfortable life considering the fact that our state is not among the robust revenue-generating states in Nigeria?
With all due respect, I would like to plead with you Sir, to look into this situation and do the needful. State workers are suffering. They need your intervention.
The Buhari administration deserves credit for diminishing corruption in the public service and will continue to vigorously support prevention, enforcement, public education and enlightenment activities of anti-corruption agencies.
We are currently analyzing the sources of data used in arriving at the latest Transparency International (TI) report on Corruption Perceptions Index in Nigeria since by their own admission, they don’t gather their own data.
This report is not an accurate portrayal of the facts on ground.
In the coming days, the Government’s Technical Unit on Governance Research (TUGAR) will be providing more detailed information on the sources of the TI data.
While this is being awaited, the examination carried out on their 2019 report showed that 60 percent of their data was collected from businesses and other entities with issues bordering on transparency and the ease of doing business at the ports.
Although this is a government ready to learn from mistakes and make corrections, the economy of this country, in its fullness, is bigger than the sea ports we have.
We are also not unaware of the characters behind the TI in Nigeria whose opposition to the Buhari administration is not hidden.
We have repeatedly challenged TI to provide indices and statistics of its own to justify its sensational and baseless rating on Nigeria and the fight against corruption. We expect them to come clean and desist from further rehashing of old tales.
A Naira denominated review that excludes recoveries in Dollars, Pounds, Euro shows that a sum of N1.2tn was recovered by EFCC between 2009 — 2019. N939bn of that total was recovered between 2015 – 2019 with less than N300bn recovered in the first six years.
Additionally, preventative instruments deployed by this administration such as Treasury Single Account (TSA), Integrated Personnel and Payroll Information System (IPPIS) coverage expansion and the removal of 54,000 ghost workers from federal civil service saving us N200bn annually serve as evidence that perception is not reality.
Reality is based on verifiable facts and data. And any evidence-based analysis would prove that whether it is by prevention or punitive measures in recoveries and prosecution, this administration would be rising fast up these rankings rather than standing still.
Organizations should be factual in their analysis and be prepared to rely on inputs outside of sensational media reports and age-old narratives which have not been updated to reflect today’s reality in Nigeria concerning its globally-respected war on corruption.
In the existential fight against this multi-pronged malice and manifestations of corruption, President Muhammadu Buhari has avowed that he would take-no-prisoners, guided by respect for the rule of law.
We invite Nigerians to stand with an administration that has done so much on asset recovery, prosecution, legislation, political will and leadership by example in the fight against corruption.
Equally, we urge our friends in the media, development partners and the civil society organizations to continue to support efforts to strengthen accountability, transparency, ethical values and integrity in Nigeria’s public sector.
President Buhari has put his hand to the plough and will not relent in working with those passionate about the welfare, stability and prosperity of future generations to come in Nigeria.
Malam Garba Shehu, is the Senior Special Assistant to the President on Media & Publicity.