Generals Olusegun Obasanjo, Ibrahim Babangida, Sani Abacha, and Muhammadu Buhari are Nigeria’s most anti-democratic, anti-federalism, and anti-people rulers since independence. The addition to that roll is President Bola Ahmed Tinubu. Obasanjo, as military head of state, standardised the tradition of wastage, the destruction of the public service, the pillaging of the economy, the mass killing of students, and the imposition of a anti-democracy and anti-federal constitution on Nigerians. With the exception of Abacha, these rulers oversaw the legalised plundering of Nigeria’s commonwealth in the guise of ‘privatisation’. They also handed over the country to the International Monetary Fund (IMF) and…

The rising cost of living in Africa has triggered a wave of protests in recent months, underscoring the disproportionately higher economic and social costs of inflation on a continent with persistent widespread poverty and heightened vulnerability to global volatility. The world, it seems, is now living through a tale of two inflations. Initially, the current inflation cycle – a product of pandemic supply shocks and escalating geopolitical tensions – affected developed and developing countries alike. But inflationary pressures have become less synchronous over time. While price growth has fallen sharply in advanced economies, it remains stubbornly high – and, in…

The butterfly thinks himself a bird: It was a haunting scene in Beijing, China the other week when President Bola Tinubu met his Chinese counterpart, Xi Jinping. Such meetings are usually stuff for history: Africa’s great and Asia’s great meeting minds to impact the world on a monumental scale.But sorry to note that Nigeria has diminished to the status of a toy country. Our host knows it too. They know Nigeria is at its lowest ebb today; roiling in the mud. They know the visitors consist of the poorest among leaders. They know the teeming crowd of Nigerians don’t understand…

When Major-General Muhammadu Buhari overthrew the elected civilian administration of President Shehu Shagari on the last day of 1983, he inherited an economy in a mess and a political system in a turmoil. This crisis of a dysfunctional political economy was Buhari’s principal reason for sacking the Shagari administration. For Buhari, Nigeria’s crisis of balance of payments was the result of two things: indiscipline and economic crimes. His answer to the former was a War against Indiscipline (WAI), a catch-all acronym for everything from instilling a queue culture in the population to capital punishment for drug suspects. Turning to the…