Super User

Super User

For the last two years, my colleague Renée Onque has been covering what makes for a happier, longer life. This week, she did the hard work of distilling dozens of interviews and studies into five actionable tips youcan implement today. 

1 Eat a healthy diet. This doesn’t mean eating to lose weight. Super-agers pack their diets with legumes, nuts, grains and vegetables, and they tend to avoid red meat. 

2 Move your body often. Build physical activity into your everyday life. Maybe you walk to the grocery store instead of driving, or ask a friend to take a stroll instead of to grab a drink. 

3 Believe in something. Whether it’s a religion or life philosophy, those who have faith in something tend to live longer.

4 Maintain positive relationships. Spending time around people you enjoy can actually make you happier and extend your life, according to an 86-year Harvard study. 

5 Prioritize lifelong learning. Stay busy by practicing a new skill or hobby regularly. 

These directives seem obvious, but I realized sometimes I do literally none of them. I often have days where I haven’t engaged in one fun conversation with a friend or taken the time to walk around my neighborhood block. 

Reading Renee’s piece reminded me that just because something is easy to do doesn’t mean you don’t have to put effort into doing it – and it’s important to not let the simple things slip your mind.

 

CNBC

The Nigeria Governors' Forum (NGF) has thrown its support behind the proposed tax reform bills currently at the national assembly, while proposing a different formula for sharing Value Added Tax (VAT) revenue from the one originally put forward by President Bola Tinubu.

In a meeting held on January 16, 2025, between the NGF and the presidential tax reform committee, the governors endorsed a revised VAT sharing formula that differs significantly from the president's original proposal. The governors recommended distributing VAT revenue as follows:

- 50% based on equality (distributed equally among states)

- 30% based on derivation (where goods and services are consumed)

- 20% based on population

This stands in contrast to Tinubu's original formula in the tax reform bills, which proposed:

- 60% based on derivation

- 20% based on equality

- 20% based on population

The governors' proposal shifts the emphasis from derivation to equality-based distribution, potentially benefiting states with lower consumption rates. While supporting the broader tax reform initiative, the governors also took a firm stance against any increase in the VAT rate or reduction in Corporate Income Tax (CIT), citing the need to maintain economic stability.

Additional recommendations from the governors included removing terminal clauses for TETFUND, National Agency for Science and Engineering Infrastructure (NASENI), and National Information Technology Development Agency (NITDA) in the sharing of development levies. They also advocated for continuing the exemption of essential goods and agricultural produce from VAT to protect citizens' welfare and promote agricultural productivity.

The Federal Government, through Minister of Information and National Orientation Muhammed Idris, expressed satisfaction with the governors' support for the bills and their counter-proposal on the VAT formula. However, he noted that the final decision rests with the National Assembly, which will consider all inputs and submissions, including those from a public hearing.

The tax reform bills, which include the Nigeria Tax Bill 2024, Nigeria Tax Administration Bill, Nigeria Revenue Service (Establishment) Bill, and Joint Revenue Board (Establishment) Bill, have faced varying reactions across the country. While southern leaders have generally supported the reforms, northern governors had initially opposed the bills, citing concerns about their region's interests. The current endorsement by the NGF represents a significant shift toward consensus, though with substantial modifications to the original proposal.

The Academic Staff Union of Universities (ASUU) has raised serious concerns about the potential impact of the Nigeria Tax Bill 2024 on public tertiary education, warning that the proposed legislation could undermine the Tertiary Education Trust Fund (TETFund).

Dani Mamman, ASUU's Yola Zone Coordinator, stated that the bill's provisions would redirect crucial funding away from TETFund, potentially destabilizing the public university system. "The future of public tertiary education in Nigeria hangs in the balance," he said, emphasizing that the proposed changes could significantly impair universities' operational capabilities.

According to Mamman, the consequences could be far-reaching, potentially leading to declining academic standards, increased brain drain, reduced research capacity, and broader social implications. He expressed particular concern about universities' ability to maintain competitive staffing levels, warning that institutions might struggle to "attract and retain top talent."

The union is now calling for a united front against the bill, urging the National Assembly, government officials, and other stakeholders to protect TETFund's current structure. "We must stand united to defend our education system and ensure that our universities can continue to serve as beacons of knowledge and innovation," Mamman emphasized.

The concerns come amid broader discussions about Nigeria's proposed tax reforms and their potential implications for various sectors of the economy.​​​​​​​​​​​​​​​​

James Nolan, a British national accused in the $9.6 billion Process and Industrial Development (P&ID) Ltd scandal, informed the Federal High Court in Abuja on Thursday that he would not be calling any witnesses in his defense.

Nolan, who is being tried in absentia after fleeing Nigeria while on bail, made this known through his lawyer, Michael Ajara, during proceedings presided over by Obiora Egwuatu.

The Economic and Financial Crimes Commission (EFCC) had filed a 20-count charge against Nolan and Micad Project City Services Limited, a company where Nolan serves as a director, accusing them of money laundering. The defendants were initially arraigned in May 2022 and pleaded not guilty. Nolan, also a director in P&ID Ltd, was remanded in Kuje Correctional Centre before securing bail after meeting a reduced condition of ₦100 million with a surety.

However, Nolan later stopped attending court proceedings and fled the country. The court declared him wanted and ordered his arrest. In January 2024, INTERPOL apprehended Nolan in Italy during a visit to his wife, but he has yet to be extradited to Nigeria to face trial.

During Thursday’s hearing, EFCC counsel Bala Sanga informed the court that the prosecution had decided to forgo calling its final witness after reviewing the case. Nolan’s lawyer, Ajara, raised no objections, stating that the defense would rely on the evidence presented by the EFCC.

“Based on the evidence already before the court adduced by the prosecution, we shall be resting our case on theirs. We do not intend to call any witness,” Ajara said.

Egwuatu adjourned the case to March 10 for the adoption of final written addresses by both parties.

In a related development, a sister court presided over by Donatus Okorowo, who has since been elevated to the Court of Appeal, ruled on July 3, 2024, that two companies linked to Nolan—Trinity Biotech Nigeria Limited and Resorts Express Concept Nigeria Ltd—were guilty of money laundering.

The court ordered the winding up of the two companies and the forfeiture of their assets to the federal government as part of measures to address their involvement in the P&ID Ltd fraud.

Israel set to approve Gaza ceasefire, hostage deal, Netanyahu's office says

The Israeli cabinet will meet to give final approval to a deal with Palestinian militant group Hamas for a ceasefire in the Gaza Strip and release of hostages, Prime Minister Benjamin Netanyahu's office said on Friday.

In Gaza itself, Israeli warplanes kept up intense strikes, and Palestinian authorities said late on Thursday that at least 86 people were killed in the day after the truce was unveiled.

With longstanding divisions apparent among ministers, Israel delayed meetings expected on Thursday when the cabinet was expected to vote on the pact, blaming Hamas for the hold-up.

But in the early hours of Friday, Netanyahu's office said approval was imminent.

"Prime Minister Benjamin Netanyahu was informed by the negotiating team that agreements have been reached on a deal to release the hostages," his office said in a statement.

The security cabinet would meet on Friday before a full meeting of the cabinet later to approve the deal, it said.

It was not immediately clear whether the full cabinet would meet on Friday or Saturday or whether there would be any delay to the start of the ceasefire on Sunday.

White House spokesperson John Kirby said Washington believed the agreement was on track and a ceasefire in the 15-month-old conflict was expected to proceed "as soon as late this weekend."

"We are seeing nothing that would tell us that this is going to get derailed at this point," he said on CNN on Thursday.

A group representing families of Israeli hostages in Gaza, 33 of whom are due to be freed in the first six-week phase of the accord, urged Prime Minister Benjamin Netanyahu to move forward quickly.

"For the 98 hostages, each night is another night of terrible nightmare. Do not delay their return even for one more night," the group said in a statement late on Thursday carried by Israeli media.

U.S. Secretary of State Antony Blinken earlier on Thursday said a "loose end" in the negotiations needed to be resolved.

A U.S. official, who spoke on condition of anonymity, said this was a dispute over the identities of some prisoners Hamas wanted released. Envoys of President Joe Biden and President-elect Donald Trump were in Doha with Egyptian and Qatari mediators working to resolve it, the official said.

Hamas senior official Izzat el-Reshiq said the group remained committed to the ceasefire deal.

Inside Gaza, joy over the truce gave way to sorrow and anger at the intensified bombardment that followed the ceasefire announcement on Wednesday.

Tamer Abu Shaaban's voice cracked as he stood over the tiny body of his young niece wrapped in a white shroud at a Gaza City morgue. She had been hit in the back with missile shrapnel as she played in the yard of a school where the family was sheltering, he said.

"Is this the truce they are talking about? What did this young girl, this child, do to deserve this?" he asked.

VOTE EXPECTED

Israel's acceptance of the deal will not be official until it is approved by the security cabinet and government. The prime minister's office has not commented on the timing.

Some political analysts speculated that the start of the ceasefire, scheduled for Sunday, could be delayed if Israel does not finalise approval until Saturday.

Hardliners in Netanyahu's government, who say the war has not achieved its objective of wiping out Hamas and should not end until it does so, had hoped to stop the deal.

Nevertheless, a majority of ministers were expected to back the agreement.

In Jerusalem, some Israelis marched through the streets carrying mock coffins in protest at the ceasefire, blocking roads and scuffling with police. Other protesters blocked traffic until security forces dispersed them.

The ceasefire accord emerged on Wednesday after mediation by Qatar, Egypt and the U.S. The deal outlines a six-week initial ceasefire with the gradual withdrawal of Israeli forces. Dozens of hostages taken by Hamas including women, children, elderly and sick people would be freed in exchange for hundreds of Palestinian prisoners detained in Israel.

It paves the way for a surge in humanitarian aid for Gaza, where the majority of the population has been displaced, facing hunger, sickness and cold.

Israel launched its campaign in Gaza after Hamas-led gunmen burst into Israeli border-area communities on Oct. 7, 2023, killing 1,200 soldiers and civilians and abducting over 250 hostages, according to Israeli tallies.

If successful, the ceasefire would halt fighting that has razed much of heavily urbanised Gaza, killed over 46,000 people, and displaced most of the tiny enclave's pre-war population of 2.3 million, according to Gaza authorities.

 

Reuters

RUSSIAN PERSPECTIVE

UK and France secretly discussing troops for Ukraine – Telegraph

British Prime Minister Keir Starmer and French President Emmanuel Macron have discussed sending soldiers into Ukraine as a peacekeeping force, the Telegraph has claimed citing anonymous sources.

Ukraine’s Vladimir Zelensky first mentioned the idea last week, and said he would discuss it with Starmer when he visits Kiev. According to the British outlet, however, Starmer is not fully on board yet.

“There are challenges over what we could support, what would we want to support, and the broader question about the threat that those troops may be under and whether that is escalatory,” the Telegraph quoted a Whitehall source as saying on Wednesday evening.

Spokespeople for 10 Downing Street and the Elysee Palace did not deny that Starmer and Macron discussed the peacekeeper possibility last week at the Chequers estate in the UK, but gave no details about the conversation.

Starmer was in Kiev on Thursday, promising a “100-year partnership”pact with Ukraine.

One of the rumored plans US President-elect Donald Trump might propose after taking office next Monday involves Western troops deployed as peacekeepers along the demilitarized zone between Russia and Ukraine, supposedly running along the current line of conflict. No US forces would be involved, only “European”soldiers not acting under NATO command, according to media reports that have been impossible to verify.

Macron reportedly brought up the idea of “European” peacekeepers with Polish Prime Minister Donald Tusk last month, but Warsaw said it was “not planning any such actions.”

Earlier this week, Zelensky wrote on social media that he had discussed with “key allies”the “practical steps” for the implementation of the peacekeeper idea.

“We are getting slightly ahead of ourselves. We are not there yet,”one British official told the Telegraph.

Putting boots on the ground in Ukraine has been endorsed by former PM Boris Johnson, former Foreign Minister Jeremy Hunt, and two ex-defense ministers, Grant Shapps and Gavin Williamson.

The UK has given 12.8 billion pounds ($16 billion) in military and civilian aid to Kiev since the conflict between Russia and Ukraine escalated in February 2022, and reportedly trained 50,000 Ukrainian troops on British soil.

The British government’s continued support for Kiev means London “clearly does not seek to resolve the conflict,” Russian Foreign Ministry spokeswoman Maria Zakharova said recently, accusing the UK of “doing everything possible to make it drag on, thus prolonging the suffering of the Ukrainian people.”

 

WESTERN PERSPECTIVE

Ukrainian brigade pioneers remote-controlled ground assaults

The boxy, machine gun-equipped vehicle lumbered across the snow-covered battlefield, with no crew aboard and marking what its remote Ukrainian operators described as a major milestone as Russian artillery fire rained around it.

Sparing soldiers for the infantry assault that came later, the unmanned device was operated at a distance by Ukraine's Khartiia Brigade in the latest advance in a conflict that has been defined by a technology race on both sides.

Khartiia released footage of last month's attack in the northeastern Kharkiv region, which combined assault and mine- laying and mine-clearing vehicles guided by drones hovering above. The unit said it was the first documented machine-only ground assault in Ukraine's war with Russia.

Reuters was unable to independently verify the claim.

The operation paved the way for a successful infantry advance, the brigade said.

"Our task is to maximally transfer reconnaissance, clearing operations and assaults... to machines that we can afford to lose," said unit spokesperson Volodymyr Dehtiarov.

Units like Khartiia are embracing innovation, seeking to save lives as Russia's full-scale invasion nears its three-year mark.

Ukrainian authorities say some 43,000 soldiers have been killed in the fighting since February 2022, but some Western officials have estimated the number may be higher.

The proliferation of cheap attack drones has made the artillery-heavy war even deadlier, soldiers have said.

Standing inside a humble storage structure at a Khartiia base, a 21-year-old platoon commander with the call sign "Happy" pointed to shelves of spare parts for their vehicles - including "kamikaze" drones fixed with anti-personnel mines used in last month's attack.

"They get as close to their (Russian) dugouts as possible... and then explode," Happy told Reuters.

Ground vehicle crews are typically based at least 2 km away to avoid attacks by enemy drones, added 28-year-old pilot "Khort".

Other Ukrainian military units are using similar technology, such as remote-controlled stretchers, to try to gain a battlefield edge over a larger and better-equipped enemy.

STEPS AHEAD

Domestic production of ground-based remote technology is expanding in Ukraine, including through grassroots companies boosted by government development funds.

In the skies above, Ukraine is also using dozens of domestically made AI-augmented systemsfor drones to reach battlefield targets, a senior official said in October.

Russia's military is also quickly adapting, said Khartiia spokesman Dehtiarov, meaning Ukrainian units like his have to innovate continually both on and off the battlefield.

"Any advantage ... is eaten up after a few weeks - a few months at most - when the enemy begins to understand, analyse, apply and scale the same technologies."

 

RT/Reuters

Friday, 17 January 2025 04:22

Trump, again…. - Azu Ishiekwene

On the eve of Donald Trump’s inauguration as the 45thPresident of the U.S., on January 19, 2017, I wrote an article I could easily write now. It was entitled “A Memory of America on Obama’s Last Day.” With minor edits, it’s worth repeating as Trump happens again as the 47th President of the U.S.

Only exceptionalism could have offered that opportunity. Only exceptionalism could produce a Barack Obama and, eight years later, bring forth a Donald Trump—one neoliberal and the other a neo-anything-is-possible.

The peculiar aspect of the U.S. is that everything is extraordinary. If any doubt remains, the election of Donald J. Trump, who takes office on Friday as the 45th President of the United States of America, resolves the matter.

Everything about Trump is unsettlingly peculiar. He has weakened his party, exploited voters' most basic instincts, ignored the media, and mocked U.S. allies. Nonetheless, he has secured a victory that has made him even more powerful and audacious. Everyone else, including the party and the nation, seems weaker, more bewildered, and divided.

In Trump versus the rest of the world, Trump is the indescribable enigma. The rest are demystified and stranded.

As the new Trump world order emerges, exceptionalism – once a distinctly American concept – assumes a different significance. I grappled with that word when I first encountered it from my lecturer, Ayo Akinbobola, many years ago in school.

Exceptionalism. How do I explain it? It’s that special quality for which most people love America; the idea that you can become whatever you wish to be, whoever you are, regardless of your background; that through hard work, persistence, and innovation, you can attain grace from grass; that America is the only place on earth that confronts its diversity with courage, not shying away from its own worst demons; that America is a land of bothgenius and demagogue, each pursuing their path, but within a system that also strives to protect the weak and vulnerable while, some would add, paradoxically creating its own weak and vulnerable.

I learned from my US-trained teachers in school and saw from the cowboy movies I watched growing up that this made America unique.

My first American friends embodied the generosity of spirit I had always heard about. Melvin and Paula Baker, whom my family and I met during a holiday in Florida over ten years ago, have consistently treated us like family, offering themselves and everything they have at our disposal whenever we visit.

Melvin and Paula are white, but colour or creed has never been a concern—whether we or they are visiting.Occasionally, I’m amused to see them sweating over a meal of pepper soup, even when it contains the mildest spices.

America is exceptional not because it is perfect but because, despite its flaws, people like Melvin and Paula made it extraordinary.

Then 9/11 happened. Fear took hold, and exceptionalism faced its most significant test since Vietnam. The political elite and the military leaders started a catastrophic war in Iraq by dressing up fear and suspicion as facts.

That changed everything. Al-Queda, the Taliban, ISIL and other terror franchises around the world were born by the mother of all wars from which America and the world have not recovered.

I felt the change around this time seven years ago when I visited the U.S. before Christmas. A young Nigerian man, Umar Farouk Abdulmutallab, had planted a bomb in his pants to bring down a commercial plane over Detroit. Coming at America’s vulnerable moment, there was a severe backlash from that incident.

During my visit in January 2010, many U.S. airports and border posts opened a black book for Nigerian travellers. The intrusive body searches at these airports and the cold, hostile stares at non-whites left me in no doubt that something was changing in America.

But Barack Obama’s election was supposed to halt the tide; it was supposed to send a message that America had not wholly forsaken exceptionalism, that if a black guy with a funny Muslim-sounding name could become president in America, you could be what you want to be – no matter who you are – if you work at it.

That’s Obama’s story, which he calls “the audacity of hope.” How else could someone born to a Kenyan father and raised by an Indonesian stepfather become a senator and then the 44th president of the United States?

Yet, some say that it is precisely this exceptional quality that is the trouble with America. They say it is exceptionalism that produced an Obama who is not black enough to meet black expectations, not white enough to be accepted by whites, and not brown enough to attract the sympathy of those in between.

Evangelicals regard him as the anti-Christ for endorsing stem cell research and despise him for his late remarks ongay rights. Millions of Nigerians will also not forgive him for never once visiting the world’s most populous black nation during his eight years in office, opting instead to throw stones from Ghana, the country’s backyard.

It’s a deep bucket, but who can deny that America’s exceptionalism produced a miracle that Martin Luther King could only dream of?

Eight years ago today, America was on its knees, broken by a catastrophic terror war and greedy Wall Street.

Globalisation was also taking its toll and would become a significant factor in U.S. politics. To think that this was the moment when the country elected its first black president –when the lines of failure seemed to have fallen in the most unpleasant places – is hard to imagine now.

But it happened, and Obama made the most of his lemons. In several ways, he’s leaving America better than he found it: jobs growing, the country cured of its addiction to oil, its economy in better shape, and its youth unleashed and innovating.

Obama is leaving without the scars of scandals that marred many of his predecessors. The dignity of his office is intact.

Only exceptionalism could have provided that chance. Only exceptionalism could produce an Obama and eight years later produce a Trump – the one neo-liberal and the other neo-anything-is-possible.

In the days ahead, no one is exactly sure what to expect – not pollsters, pundits, or even members of Trump’s cabinet. But we’ll see, one tweet at a time, just what is left of what has made America exceptional.

** Ishiekwene is Editor-In-Chief of LEADERSHIP and author of the book Writing for Media and Monetising It.

 

 

Michel Koopman

Leadership lies at the intersection of driving outcomes and cultivating human connection. Balancing these forces—what I call “edge” and “soul”—is the hallmark ofleaders who make a genuine impact.   

Think of edge as the sharp, results-oriented side of leadership. It’s the ability to drive outcomes, make tough decisions, and relentlessly focus on metrics like efficiency, ROI, and growth. Edge ensures that your vision translates into action.   

On the flip side, soul represents humanity in leadership. It’s about empathy, purpose, and connection. Leaders with soul prioritize relationships, foster trust, and create a culture that resonates deeply with employees and stakeholders.   

Combined, these traits become complementary forces that empower leaders to navigate challenges while inspiring teams to reach new heights. McKinsey identifies four critical leadership behaviors: being supportive, seeking diverse perspectives (soul), focusing on results, and solving problems effectively (edge). Together, they demonstrate how the best leaders integrate these aspects to inspire teams and achieve results.  

WHY BALANCING EDGE AND SOUL MATTERS

As Randal Meske, advisor, C-level operator, investor, and fellow executive coach, points out:

“A leader who leans too heavily on edge risks alienating their team, creating a culture of burnout and disengagement.  Conversely, a leader focused on soul might avoid a strong metrics-based approach and making hard calls, which leads to inefficiency and stagnation.”

What happens when leaders fail to strike this balance?  

Take the example of a tech startup founder laser-focused on edge. Their single-minded drive to scale quickly boosts metrics but leaves their team exhausted and undervalued. This is not sustainable, and thus, success will fizzle out. By integrating soul—acknowledging team contributions, aligning work with purpose, and listening to concerns—they could create a more resilient, motivated workforce, one that will continue to thrive and commit to excellence.

 Now, picture a nonprofit leader who exudes soul, deeply committed to their mission and people. Yet, their reluctance to prioritize data or make cost-saving decisions jeopardizes their organization’s future. A mission that started from a place of passion, will lack the ability to expand its impact. Adding edge—by setting clear priorities and streamlining operations—would strengthen their capacity to serve the cause exponentially.  

Leaders must recognize that success doesn’t stem from one trait alone but from the thoughtful balance of both.  

Leaders who thrive at balancing edge and soul understand that intentional habits and mindful adjustments make all the difference. The following strategies offer practical ways to build this duality into your leadership style.   

REFLECT ON YOUR LEADERSHIP STYLE

Self-awareness is the cornerstone of balanced leadership. We all show up with a characteristic tendency to over-index on either edge or soul. Regularly ask yourself questions like:   

  • Am I prioritizing metrics at the expense of human connection?   
  • Do I shy away from tough decisions to maintain harmony?   

 Seeking feedback from colleagues and team members can help you identify where you naturally gravitate—and where you need to adjust. For example, a data-driven COO might benefit from building more personal relationships with their team, while a highly empathetic HR leader might need to cultivate comfort with conflict resolution.   

 TAILOR YOUR APPROACH TO THE SITUATION

Great leadership is contextual. Before acting, consider whether the moment calls for edge, soul, or a mix of both.   

  • In a crisis: Edge becomes crucial. Swift, decisive actions and clear communication take precedence.   
  • During growth or transformation:Lean into soul. Articulate a compelling vision, address team concerns, and ensure everyone feels valued.   
  • In routine operations: Strike a balance. Foster efficiency while ensuring people feel heard and supported.   

Think of this as reading the room—not every situation requires the same leadership instrument.   

BUILD BALANCED ROUTINES

Develop habits that encourage both edge and soul to thrive:   

  • For edge: Schedule time to review KPIs, set performance benchmarks, and follow through on tough decisions.   
  • For soul: Conduct regular one-on-ones, celebrate team wins, and create spaces for open dialogue.   

Even small shifts in your daily routines—like starting meetings with a quick check-in or carving out time to connect with a struggling team member—can yield meaningful results.   

PERFECT YOUR APPROACH TO FEEDBACK

Feedback is where edge and soul intersect most visibly. A balanced approach ensures honesty without losing humanity.   

For example, when addressing performance issues:   

  • Edge: Be clear and direct about areas that need improvement.   
  • Soul: Acknowledge the person’s strengths and express confidence in their ability to grow.   

This method not only drives accountability but also fosters trust and motivation. But, it is not only about giving feedback. It is also by receiving it. Ask those you work with about how you are being perceived, how else you can assist, what the morale feels, etc. Be open to adjusting your focus between edge and souls as required.  

LEARN FROM THOSE WHO DO IT WELL

 Identify leaders you admire and study how they navigate edge and soul. Pay attention to the ways they adapt to challenges, inspire their teams, and drive results without sacrificing relationships.   

For example, a leader who thrives during crises may excel at decisiveness but also ensures their team feels supported through acknowledgment and encouragement. Use these insights as a blueprint for your own growth. Just last week, I watched a founder and CEO of a major hospitality technology platform handle a crisis during a launch event with just the right amount of grace, decisiveness, involvement, and team empowerment. The team was inspired, the problem was solved, and the launch was a success after all.  

REAP SUSTAINABLE SUCCESS

 When leaders harmonize edge and soul, the impact is transformative. Teams feel energized and valued, innovation flourishes, and organizations achieve purpose and performance. More importantly, these leaders leave a lasting legacy in what they achieve and how they inspire others to lead.   

Balancing edge and soul requires intention and adaptability. Small steps today can lead to a legacy of inspired, sustainable leadership tomorrow.  

 

Fast Company

Nigeria's inflation rate continued its upward trajectory in December 2024, reaching 34.8% from 34.6% in November, according to data released by the National Bureau of Statistics (NBS). This marks the fourth consecutive monthly increase since September 2024, further intensifying the nation's cost of living challenges.

Key Findings

The headline inflation rate saw a marginal increase of 0.20 percentage points compared to November, primarily driven by heightened demand during the festive period. On a year-over-year basis, this represents a significant 5.87 percentage point increase from December 2023's rate of 28.92%.

Food Inflation Shows Mixed Signals

Food inflation recorded a slight decline to 39.84% in December, down from November's figure. The increase in food prices was particularly notable in:

- Root vegetables (yam, water yam, sweet potatoes)

- Beverages, including beer

- Cereals (guinea corn, maize, rice)

- Fish products (dried sardines, catfish)

Regional Variations

The impact of inflation showed significant regional disparities across Nigerian states:

Highest Food Inflation (Year-on-Year):

- Sokoto: 57.47%

- Zamfara: 46.39%

- Edo: 46.32%

Lowest Food Inflation (Year-on-Year):

- Ogun: 34.24%

- Rivers: 35.43%

- Kwara: 35.58%

Monthly Trends

On a month-to-month basis, the headline inflation rate showed some improvement, decreasing to 2.44% in December from 2.64% in November. This suggests a slight moderation in the pace of price increases, though the overall trend remains concerning.

Historical Context

The current inflationary pressure can be traced back to significant policy changes in 2023, including:

- The devaluation of the naira

- Removal of fuel subsidies

- Multiple interest rate hikes by the central bank

The twelve-month average inflation rate through December 2024 stood at 33.24%, representing an 8.58 percentage point increase from the previous year's average of 24.66%.

The National Bureau of Statistics (NBS) website is back online, following 29 days of inaccessibility caused by a cyberattack. The bureau had confirmed the hack on December 18, 2024.

While the website is now functional, a notable omission is the controversial “Crime Experience and Security Perception Survey,” which was previously available. The cyberattack occurred just 24 hours after the publication of the report, which detailed alarming crime statistics in Nigeria.

The report revealed that Nigerians paid a staggering N2.23 trillion as ransom over the one-year period between May 2023 and April 2024. It also estimated that 51.89 million crime incidents occurred nationwide during the period. The north-west region recorded the highest number of crimes, with over 14 million cases, while the south-east reported the lowest, with just over six million. Additionally, rural areas experienced a higher crime rate (26,526,069 incidents) compared to urban areas (25,360,963 incidents).

Following the publication, media reports suggested that Adeniran Adeyemi, Statistician-General of the Federation, was questioned by the Department of State Services (DSS) over the methodology and data used in the survey. However, Ichedi Sunday, the NBS Head of Communications, refuted these claims, stating that the statistician-general was never interrogated by the DSS.

The restoration of the website has raised questions about the missing report, but the NBS has yet to issue an official statement on its removal.

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