Connect with us

News

Lack of Policy Hurts Nigeria as Buhari Marks 100 Days

Published

on

Muhammadu Buhari, Nigeria’s president
Kindly share this post

Nigerian President Muhammadu Buhari has made sweeping changes in the oil sector and armed forces during his first 100 days in office but done little to convince experts that he has a clear strategy for Africa’s biggest economy, according to Reuters.

Buhari, a former military ruler, made Nigerian history in March by becoming the first candidate to defeat an incumbent president at the polls, after promising to crack down on corruption and crush a bloody insurgency by the Islamist militant group Boko Haram.

Revellers in the capital Abuja celebrated his inauguration in May by chanting “Sai Baba”, which means “All hail, father” in the Hausa language of northern Nigeria.

As Buhari prepares to mark 100 days in office on Saturday, his critics are now using the less flattering sobriquet “Baba Go Slow”.

Reuters reported that chief amongst their complaints is the 72-year-old’s decision not to appoint a cabinet until later this month, putting the economic policy of the country of 170 million people in limbo, and leaving the likes of the central bank to fill the vacuum.

Buhari’s supporters say he has needed time to analyse the inner workings of ministries that have been run exclusively by the People’s Democratic Party (PDP) since the return to civilian rule in 1999.

They point to his restructuring of the state oil company NNPC, whose board Buhari sacked in June, when he appointed an ExxonMobil executive as managing director. Crude oil sales account for around 70 percent of Nigeria’s state revenues, and NNPC has been accused of failing to account for tens of billions of dollars in the last few years.

GOVERNMENT “BOTTLENECK”

But a Western diplomat said the last few months, in which Buhari has governed alone with briefings by civil servants, had caused a “bottleneck” because he had failed to delegate authority.

“The absence of a cabinet, a team … has made it hard for him to set out a specific programme,” added the diplomat, who did not want to be named.

Buhari says he found the treasury “virtually empty”, forcing him to deal with inherited problems as his first priority. “When the ministers are appointed, some will constitute an economic team and then formulate a policy,” Buhari’s spokesman, Femi Adesina, said on Thursday.

Meanwhile Nigeria’s annual GDP growth in the second quarter was less than half that of a year earlier as low oil prices, combined with months of uncertainty around the March general elections, took their toll.

The naira has lost around 15 percent in the last year, with devaluations in November and February. Some people fear another may be coming, even though central bank governor Godwin Emefiele has said the currency is “appropriately priced”.

In June, the Central Bank of Nigeria (CBN), trying to save reserves, announced that importers would no longer be able to secure hard currency on the interbank market to buy items ranging from rice, toothpicks and soap to cement and private jets.

But the resulting shortage of dollars has weakened the naira further.

“The fact that the CBN has been allowed to take steps that look more like fiscal policy decisions is a source of major concern,” said Muda Yusuf, director general of the Lagos chamber of commerce.

“The president doesn’t seem to appreciate the enormity of the disruption that the CBN policy on foreign exchange is causing in the economy,” he said, adding that international trade had been hit and some firms had lost their credit lines.

LITTLE INVESTMENT

Others say the lack of direction has also weighed on foreign investment, already depressed by a slowdown in China’s economy and the prospect of a looming U.S. interest rate rise.

“What you have is an environment in which there is very little by way of investment happening,” said Fola Fagbule, a Lagos-based infrastructure investor focused on Africa.

Although he has prioritised the oil sector, Buhari, who is expected to keep the petroleum portfolio for himself when he names his cabinet, has so far shied away from scrapping an expensive and fraud-ridden fuel subsidy scheme.

And some moves, such as banning around 100 foreign oil tankers from Nigerian waters, have been imposed with little or no explanation.

There is, however, praise for Buhari’s high-profile campaign against corruption, a recurring problem in Nigerian public life which he estimates has led to $150 billion being stolen from state coffers in the past decade.

Razia Khan, head of Africa research for Standard Chartered bank, said a directive for ministries to start paying revenue earned directly into a single Treasury account was “a huge step forward” for transparency and one of the successes of Buhari’s first 100 days.

The president has taken a hands-on approach to security challenges by replacing defence chiefs and the national security adviser.

And he has repaired relations with neighbouring countries to set up an 8,700-strong regional task force to fight Boko Haram, which has killed thousands of people in the northeast since 2009 and driven 1.5 million others from their homes.

But the jihadists, who scattered after a military counter-offensive in the last weeks of president Goodluck Jonathan’s administration, have nevertheless killed around 800 people in bombings and shootings since Buhari came to power. (Writing by Alexis Akwagyiram; Editing by Daniel Flynn and Kevin Liffey)

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

News

Okonjo-Iweala Urges Nigeria to Shift from Importing Tech to Local Manufacturing

Published

on

Kindly share this post

Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, WTO, has urged Nigeria to move decisively beyond importing technology to manufacturing it locally, warning that sustained dependence on foreign technology weakens the country’s industrial base and constrains job creation in the digital economy.

Speaking at Ahmadu Bello University, ABU, Zaria, Okonjo-Iweala said the current disruption of the global order, driven by technology, geopolitics and climate pressures, presents both serious risks and unprecedented opportunities for Nigeria and Africa, if they are prepared to act strategically.

“It is always a pleasure to come home to Nigeria, but it is particularly special to be here at one of the country’s most important seats of learning,” she said, stressing that universities such as ABU must remain central to Africa’s technological, industrial and economic transformation.

Tracing Nigeria’s post-independence journey, Okonjo-Iweala recalled that at independence in 1960, the country had only one degree-awarding institution, making the rapid expansion of universities a critical pillar of nation-building.

She noted that institutions such as ABU laid the foundation for Nigeria’s scientific, technological and entrepreneurial capacity.

Founded in 1962 as the University of Northern Nigeria, ABU has evolved into a multidisciplinary institution producing graduates across engineering, medicine, sciences, ICT, public administration and the humanities.

“Research conducted here has advanced the frontier of knowledge and offered practical solutions to real-world problems, from animal feed innovations during dry seasons to wind power generation in rural areas,” she said.

Turning to global trends, the WTO chief identified technology, particularly the internet and artificial intelligence, AI, as one of the most disruptive forces reshaping trade, production and employment worldwide.

“The technological shift we are experiencing has made it easier to communicate, produce and trade, but not everyone has shared equally in the gains,” she said, warning that automation and AI could deepen inequality if not properly managed.

She stressed that multilateral institutions and global trade rules must evolve to respond to emerging technologies such as AI and quantum computing.

“We need a new kind of multilateralism, one that is nimble, responsive and capable of addressing new global opportunities,” she said.

Okonjo-Iweala said Africa stands to benefit from what the WTO now describes as “re-globalisation”, the diversification of global supply chains away from over-dependence on a few countries.

She identified opportunities in labour-intensive manufacturing, critical minerals processing, renewable energy technology, pharmaceuticals, agro-processing and electric vehicle, EV, supply chains.

“Africa has the capacity to process its critical minerals all the way to EV battery manufacturing,” she said, pointing to Nigeria’s emerging lithium processing investments and vast renewable energy potential.

Reinforcing her call for local technology production, she said Nigeria must stop importing technologies it can manufacture domestically.

“Instead of importing solar panels, we should be manufacturing them here. That is how we create jobs, build resilience and grow our economy,” she said.

Okonjo-Iweala warned that Nigeria’s projected economic growth of 4.4 percent remains insufficient once population growth is factored in, calling for sustained growth of 6 to 7 per cent driven by productivity, technology and value addition.

She said achieving this would require strong digital infrastructure, skills development and innovation-friendly policies, alongside full implementation of the African Continental Free Trade Agreement, AfCFTA.

“Technology-enabled trade and deeper regional integration could increase intra-African trade by up to 45 per cent and lift millions of people out of poverty,” she said.

With Africa projected to account for about 25 per cent of the global working-age population by 2050, Okonjo-Iweala described Nigeria’s young population as one of its greatest technology assets.

“On an ageing planet, Africa’s youth represent the world’s future talent pool,” she said, urging universities, policymakers and the private sector to better align education, innovation and industrial strategy.

She, therefore, called for stronger collaboration between academia, industry and government to ensure Nigeria does not miss the opportunities created by global technological disruption.

“This country has what it takes. What we need is urgency, coordination and the courage to invest in our people and our ideas,” Okonjo-Iweala said.


Kindly share this post
Continue Reading

News

Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

Published

on

Kindly share this post

Stanley Amandi, veteran Nollywood actor and filmmaker, has been arrested by the Nigerian military over his alleged role in a foiled coup plot to overthrow President Bola Tinubu’s government, according to an exclusive report by Premium Times.

Stanley Amandi, Nollywood Actor Arrested over Alleged Coup Plot against Tinubu

Stanley Amandi, Nollywood Actor

The filmmaker, also a former chairman of the Actors Guild of Nigeria (AGN) Enugu State chapter, was reportedly detained in September 2025 alongside several military officers accused of planning a violent overthrow, including potential assassinations of top officials, according to the newspaper’s sources.

Reports indicated that the coup plotters planned to wholesale assassination of top government officials including President Tinubu, Vice President Kashim Shettima, Senate President Godswill Akpabio, and Speaker of the House of Representatives Tajudeen Abbas, among others.

On Monday, the Defence Headquarters confirmed the plan to illegally oust the Tinubu administration, saying the indicted officers will be arraigned before military judicial panels.

In its statement, the Defence Headquarters said the investigation has been completed and forwarded to “appropriate superior authority in line with extant regulations.”

According to the military, the investigation was “comprehensive” and conducted in line with established procedures, examining “all circumstances surrounding the conduct of the affected personnel.”

The military disclosed that the findings identified “a number of the officers with allegations of plotting to overthrow the government,” describing such conduct as “inconsistent with the ethics, values and professional standards required of members of the Armed Forces of Nigeria.”

Mr Amandi has featured in many Nollywood movies and is known for his work as an actor, production manager and director.

His notable works include “The Album,” where he served as director; “Tiger King,” where he also served as director and produced in 2008; “Cornerstone,” produced in 2019; and “Once Upon a Dream,” in which he appeared as an actor in 2024.

Mr Amandi’s last Instagram post was on 19 September 2025, shortly before his arrest.


Kindly share this post
Continue Reading

News

Firms Commit to Boost African Robotics Market

Published

on

Kindly share this post

AfricAI and Micropolis Robotics have signed a multi-year exclusive distribution and deployment agreement, which marks one of the continent’s most significant robotics market entries.

Micropolis AI Robotics is a United Arab Emirates-based robotics manufacturer operating in autonomous systems, while AfricAI is a company building practical, revenue-driven artificial intelligence (AI) systems for African businesses, governments, and global partners operating in emerging markets.

According to the agreement, Micropolis Robotics named AfricAI as its exclusive continental partner, prohibiting direct sales, alternative distributors, and third-party agents from operating in the territory.

The partnership establishes AfricAI as the primary execution, localisation, and go-to-market platform for intelligent robotics in Africa’s industrial, security, logistics, and infrastructure sectors.

AfricAI said this exclusive mandate positions the company as the gateway for advanced autonomous systems entering African markets, ensuring regulatory compliance, local capacity building, and sovereign control over deployment frameworks.

The partnership, according to the two parties, moves beyond software- based AI into the realm of physical AI — intelligent machines capable of operating in complex, real-world African environments.

“This is not a collaboration, it is a market-shaping mandate,” said Fareed Aljawhari, CEO of Micropolis Robotics. “AfricAI now represents the exclusive gateway through which Micropolis technologies enter Africa. Their sovereign AI vision, operational reach, and regulatory fluency make them the only partner capable of executing at a continental scale.

Furthermore, the agreement enables AfricAI to integrate Micropolis’ autonomous robotics systems with AfricAI’s sovereign AI stack, resulting in AI-powered security and surveillance platforms, robotics-enabled logistics and port operations, industrial automation, smart infrastructure, and municipal robotics tailored to African operating conditions.

Initial deployments will commence in security, smart infrastructure, and logistics, with phased expansion across multiple African states as part of AfricAI’s broader continental AI, data, and intelligent infrastructure strategy.

The agreement also includes long-term performance-linked expansion rights, automatic renewals, and a defined localisation framework to support robotics deployment, workforce training, and skills transfer across Africa.

Prince Malik Ado-Ibrahim, executive chairman of AfricAI, said: “Africa does not need imported automation — it needs sovereign, context-aware intelligent systems. This exclusive mandate allows AfricAI to industrialise robotics deployment at scale while retaining control, compliance, and value creation on the continent.”

 


Kindly share this post
Continue Reading

Trending