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2023: Who Will Go for the Igbo? – Our Best 3 Candidates

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LEO STAN EKEH
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By Jonathan C. Nnakwube (Ph.D.)

With 2023 just around the corner, the race to determine who succeeds incumbent President Muhammadu Buhari as the holder of the top job in Nigeria is beginning to gather steam.

Already, several candidates have thrown their hats into the ring, with some of them, like the former Lagos State Governor, Asiwaju Bola Tinubu not hiding their clear interest in the presidency.

One of the major issues shaping the conversations around the 2023 presidential election is the Igbo question. There is a strong argument for the South East to get a shot at the presidency, especially considering the fact that the region has endured an extended hiatus from the seat of power, coupled with the school of thought that an Igbo presidency has the tendency to quell the worrisome agitations in the region and provide the much-needed sense of belonging.

Further shoring up the argument for the Igbo cause is the position of political watchers, many of whom have pointed out the fact that the South East has a strong case of marginalization, notably when one considers how it has fared in comparison to other regions, as far as the presidency is concerned.

For this school of thought, presidential powers in Nigeria have largely rotated between the North and the South West. They point to the Olusegun Obasanjo presidency which saw Atiku Abubakar, who hails from Adamawa in the North East as his side-kick for eight years; the short-lived Umar Musa Yar-Adua administration which threw up a South-South deputy in the person of Goodluck Jonathan and who later contested and won a four-year term with another Northerner, Namadi Sambo as vice president; as well as the incumbent eight-year administration of Buhari with a South-Western candidate, Yemi Osibanjo as vice president.

In their view, the fair thing would be to return the presidency to the South and allow the South-South to complete its eight years, four of which have already been enjoyed by Jonathan or better still, support an Igbo candidacy as successor to Buhari.

While another school of thought has continued to argue that the South East lacks a truly unified voice, a throwback to the republican nature which lends a fiercely decentralized, individualistic mindset in most South Easterners, others have also insisted that the region lacks the nous, the know-how and the guile to play national politics; the top-tier type loaded with high-wire stakes, lobbying and horse-trading that would guarantee a shoo-in for its candidate into Aso Rock.

Nevertheless, one thing that all parties agree on is the fact that the South East certainly deserves a chance to lead Nigeria again.

Undoubtedly, 2023 is perceived widely as a pivotal year for Nigeria on the political front. Bedeviled for donkey years by a combination of inept leadership and stunted development, the Nigerian state is home to a growing army of digitally savvy youths, many of whom are now boldly challenging the status quo and calling more loudly for better governance. The foregoing came to the fore during the #EndSARS protests which rocked Nigeria in October 2020 as an army of disenchanted youths, under a movement which began as an opposition to widespread police brutality, expanded its agitations to clarion calls for an end to bad leadership. It took the combined might of state power and a bloody night at the now-infamous Lekki Toll Gate in Lagos to put down the movement.

However, the warning signals are there that these youths are no longer just frustrated at the current state of affairs, but that they would also no longer stand by and watch with folded arms.

Also reinforcing the critical importance of the 2023 elections for the future of Nigeria is the sweeping changes in the global ecosystem, led by the growing powers of technology as a leveler and heightened by the COVID-19 pandemic. Many Nigerian youths today are resident in the country but working for firms or corporations abroad from the comfort of their homes. Others are fleeing the country in droves, either migrating as skilled hands or fueling the ranks of those seeking higher education in advanced climes, as COVID and the pervasive influence of technology continue to disrupt the global economy.

The foregoing has seen more Nigerians gainfully join the Diaspora, with these new additions who have now experienced working systems in other climes, lending their voices and joining the bandwagon of those demanding a better Nigeria.

The view among some of these thinkers and a growing segment of political watchers in Nigeria is that, in order to get it right on the leadership front, Nigeria requires a shift from traditional politicians, many of whom have failed to distinguish themselves in office. In other words, the reasoning is that the time is right for the country to explore the possibility of backing credible entrepreneurs who have built successful businesses, rather than rely on the established norm of having ill-suited career politicians in office.

Viewed from this perspective and against the backdrop of the Igbo candidacy, there is a consensus that the South East can certainly throw up a handful of very strong names, highly capable candidates that can bring their wealth of entrepreneurial experience to bear in leading Nigeria out of the woods and repositioning it as a dominant force on the continent and one to be reckoned with globally.

This list is certainly not exhaustive but here is a short list of three names that remain top of mind after rigorous examination. These men do not only rank as successful entrepreneurs, but they have equally demonstrated proof of being men whose leadership abilities can be counted on.

ABC Orjiako: Simple, unassuming and a man of means, Ambrose Orjiako is one of the useful names that springs up when it comes to sound entrepreneurial presidential options from the South East. A medical doctor by training, Dr. Orjiako holds the record of being the brains behind Seplat – the first publicly listed oil company in Nigeria. To his credit, ABC Orjiako has years of credible experience as a successful entrepreneur, having first cut his professional teeth with Shebah E&P, an oil exploration company which later metamorphosed into Seplat Petroleum Development Company, becoming the first Nigerian company to take over operation of a Joint Venture asset from Shell, Total and Eni. Given his vast international connections, Orjiako is a man whom many believe would be able to attract significant global investments to Nigeria. He is also well-educated, a factor that would represent a clear departure from the previous grain of past leaders of Nigeria. The only blot on Orjiako’s seemingly pristine record would be his misadventure with Seplat which has been embroiled in a long legal tussle with some commercial banks over alleged indebtedness and from which he is expected to stand down as Chairman in May 2022 after the company’s Annual General Meeting (AGM) when an independent chairperson will take over.

Leo Stan Ekeh: If there is one man who would receive unanimous acclaim, not only locally here in Nigeria but globally, as presidential material of Igbo extraction, it would be Leo Stan Ekeh. An internationally recognized tech guru, Leo Stan, as he is fondly called by his peers, is Chairman of the Zinox Group, a business conglomerate which has dominated the Nigerian and Sub-Saharan African technology ecosystem for many decades. Ekeh is a man of few words but his legendary strides as a globally certified serial digital entrepreneur speaks volumes. He is also the brains behind the Konga Group, a flourishing e-commerce chain which he acquired, almost at the point of asphyxiation, from foreign owners but which, from feelers gathered, has been transformed by him and his team into a profitable entity and the beautiful bride of Nigerian and African e-commerce. He also holds the enviable record of building many successful businesses in his chosen field of technology, all of which have greatly contributed in putting Nigeria on the map. Most importantly, Ekeh has remained above reproach in his personal and business dealings, with informed sources describing him as one Nigerian businessman who has hardly taken any loans or been indebted to any banks, either here in Nigeria or abroad. In addition, Ekeh is of the digital parish, a charismatic knowledge democracy promoter, a gender sensitive enthusiast, generous philantropist and a global citizen who is on first name terms with other global tech icons such as Amazon’s Jeff Bezos and Alibaba’s Jack Ma. His far-reaching connections and influence in technology, which today has become widely regarded as the determinant of the wealth of nations, are factors that further distinguish him, aligned to his selflessness, humane disposition and legendary humility. While the true measure or extent of Ekeh’s wealth remains a subject of conjecture – a point that can be attributed to the fact that he is not a noise maker – those in the know describe him as a man who is of a vastly firmer financial standing than some of the popular names in the Nigerian business space. Also working in his favour is the fact that the Zinox Chairman has friends across boundaries in Nigeria, by virtue of his business dealings which have seen him deploy solutions or set up offices or stores across the nooks and crannies of the country. This point is of critical importance as the new Nigeria requires a leader with a broad, national outlook. The only downside in Ekeh’s resume is that he has never hidden the fact that he is not a politician, but this, in itself, can be considered a plus or positive as one can be assured that in Ekeh, Nigeria would not have a leader bogged down by the foibles or failings of traditional politics and its debilitating nuances.

Allen Onyema: Chief Executive Officer (CEO) and founder of Air Peace, Chief Allen Onyema is yet another name out of the South East whom many believe has the credentials to lead Nigeria. Onyema has made a success of Air Peace which he launched in 2013 and has continued to use the business to demonstrate his status as a responsible corporate citizen and a nationalist. Onyema, through Air Peace, has consistently airlifted stranded Nigerians, notably during the lockdown imposed as a result of the COVID-19 pandemic in the UK and other countries. Also, other Nigerians stranded or set for deportation in some African countries such as Libya have enjoyed the benevolence of the Air Peace Chairman. Onyema, a lawyer by training, is a man who has displayed keen business intelligence and aptitude, as demonstrated in the way he has taken Air Peace to the pinnacle of the highly competitive and capital-intensive airline industry. His dedication to the Nigerian cause is not in doubt and while he may not be a career politician, Onyema’s entrepreneurial exploits and understanding of the challenging diversity of Nigeria certainly place him in good stead for the top job in the land. Perhaps, the only blot on his record is his alleged indictment for bank fraud and money laundering to the tune of $20 million by the United States government.

 

Jonathan C. Nnakwube (Ph.D.) writes from Germany


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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

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MultiChoice Loses 2.8m Subscribers in Two Years

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Video entertainment company MultiChoice’s woes are persisting with the company continuing to suffer massive losses in revenue and subscribers.

This emerged today when the DStv parent company announced its financial results for the year ended 31 March (FY25).

In a statement to shareholders on the Stock Exchange News Service, the JSE-listed firm says the past two financial years have been a period of significant financial disruption for economies, corporates and consumers across sub-Saharan Africa due to challenging macro-economic factors.

Combined with the impact of structural industry changes in video entertainment such as the rise of piracy, streaming services and social media, this has materially affected the overall performance of the MultiChoice Group, it notes.

Over this period, MultiChoice says the group lost 2.8 million active linear subscribers and had to absorb a R10.2 billion negative impact on its topline due to local currency depreciation against the US dollar.

For the year ended 31 March, the company reveals that linear subscribers were down 1.2 million or 8% year-on-year (YoY) to 14.5 million active subscribers, with the loss evenly split between South African (600 000) and Rest of Africa (600 000).

Although reflecting an improvement on FY24 trends, MultiChoice says this indicates ongoing broad-based pressure across the group’s entire customer base.

Active paying Showmax subscribers were up 44% YoY, reflecting healthy growth and gaining regional market share, it adds.

Group revenue declined by R5.2 billion or 9% YoY to R50.8 billion, mainly due to an 11% decline in subscription revenues (-1% organic) caused by foreign currency and subscriber volume headwinds and the deconsolidation of the NMSIS insurance business from December 2024, it explains.

According to the firm, this was partially offset by inflationary pricing and new product growth (DStv Internet, DStv Stream and Extra Stream).

Trading profit, which declined by R3.8 billion or 49% YoY to R4 billion, was materially affected by the R2.3 billion organic increase in trading losses in Showmax and the R5.2 billion in foreign currency revenue losses, partially offset by a significant outperformance in delivering total cost savings of R3.7 billion.

Adjusted core headline earnings, the board’s revised measure of the underlying performance of the business, shifted to a loss of R800 million (FY24: earnings of R1.3 billion) due to lower trading profit and hedging losses in FY25 (compared to gains in FY24), partially offset by smaller losses on cash remittances from Nigeria.

The group incurred a free cash outflow of R500 million in FY25 (FY24: inflow of R600 million), impacted by lower profitability, higher lease repayments due to timing and partially offset by improved working capital management as well as a 29% YoY decline in capex.

At year-end, the group held R5.1 billion in cash and cash equivalents and retains access to R3 billion in undrawn general borrowing facilities.

A part of the R12 billion term loan was repaid early by using the R900 million upfront proceeds from the NMSIS transaction (ie R1.2 billion, net of tax), says the company.

The group operates in numerous markets across Africa and internationally, resulting in significant exposure to foreign exchange volatility.

Amid the challenges, MultiChoice states that management acted decisively to ensure that the group could withstand these headwinds, focusing on key areas within its control.

It notes that this has meant maintaining a discipline of inflationary pricing, with price increases of 5.7% in South Africa in FY25 (FY24: 5.6%) and an average of 31% in local currency in Rest of Africa (FY24: 27%), which enabled the group to offset subscriber volume pressures and deliver 1% YoY organic revenue growth in the current financial year.

In addition, further efficiencies were implemented to manage costs and cash flows without unduly sacrificing the group’s customer value proposition, it adds.

In this regard, the group delivered R3.7 billion in cost savings, well ahead of management’s initial R2 billion target (and the revised R2.5 billion target set at interims) and almost double the R1.9 billion saved in FY24, the company says.

 


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Afia TV and Radio Stamps Footprints in Lagos

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Afia TV & Radio has announced its official entry into the Lagos media market, in its commitment to expanding the broadcaster’s footprint, connecting businesses to audiences across Nigeria, and redefining regional media excellence.

Afia TV and Radio Stamps Footprints in Lagos

Chief Emeka Mba,

Nnamdi Obanya, general manager of Afia TV & Radio, said there is only one digital satellite and one digital station in the southeastern region of Nigeria, which is Afia.

Obanya, stated that: “We are specialists in developing products. A programme on our channel, ‘How Market’, is where we talk to the people in the market to tell their stories and advertise their products on AFIA.”

According to him, “the market world has changed a lot, as the physical market has become a ware house while people are buying digitally.”

Chief Emeka Mba, founder and CEO, stated: “The parley brought together top media buyers, advertising agencies, and communication professionals for engaging conversations around emerging trends, innovation, and future-forward strategies in media planning and buying. The event also served as a platform for Afia TV and radio to unveil its offerings, platforms, and unique value proposition to Lagos-based stakeholders.”

While noting that they are thrilled to bring Afia’s fresh, original, and regional perspective to Lagos, Mba said, “this parley signals our readiness to collaborate, innovate, and deliver impactful results for our partners through data-driven content and targeted reach especially for brands looking to penetrate the southern Nigerian market.”

Equipped with modern broadcast studios, digital-first production capabilities, and a highly experienced team, Afia TV & Radio is poised to make a bold impression on the Lagos media landscape.

The media brand delivers high-quality programming ranging from news and documentaries to lifestyle, business, culture, and entertainment only in south-east but in Lagos, African and beyond, we want to be chief marketing platform of the eastern region, we are the only 24/7 radio station now in Enugu.


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NCC Warns DJs: Playing Music Without License Could Lead to 5-Year Jail Term

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Nigerian Copyright Commission (NCC) has warned disc jockeys (DJs) against publicly playing music without proper authorization or a valid license.

NAN reports that John Asein, NCC director-general, gave the warning in an advisory issued in Abuja.

He said the commission’s attention had been drawn to the growing practice of DJs playing music in public spaces without obtaining copyright licences from their approved collective management organisations (CMOs).

Asein said under sections 9 and 12 of the Copyright Act, 2022, only the owner of copyright in a musical work or sound recording has the exclusive right to reproduce, perform, or communicate it to the public.

The NCC threatened to prosecute defaulters in a case that could lead to a N1 million fine or a 5-year jail term upon conviction.

“Engaging in any of these acts without the owner’s authorisation constitutes an infringement under the Act,” he said.

“Such infringement may constitute a civil wrong or a criminal offence under section 44 (7), punishable upon conviction by a fine of not less than N1 million or imprisonment for a term of not less than five years or to both.”

Asein advised DJs to obtain the necessary licences and pay royalties to the approved CMO before performing music publicly.

The NCC director-general added that the commission will arrest and prosecute anyone found violating the law.

“For the avoidance of doubt, the approved CMO for musical works and sound recordings in Nigeria is the Musical Copyright Society, Nigeria (MCSN),” he said.

“The Commission is aware that the Disc Jockey’s Association of Nigeria (DJAN), as the umbrella body representing DJs in Nigeria, has entered into a Memorandum of Understanding with MCSN.

“Under the arrangement, DJAN is authorised to work with MCSN to facilitate the payment of royalties by DJs nationwide, based on the tariff that DJAN had negotiated with MCSN.”


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