Friday, 19 August 2011

Presidents Olusegun Obasanjo and Ibrahim Babangida



The country’s political grass suffered yesterday when two gigantic former military rulers traded insults over their respective records in offices. Presidents Olusegun Obasanjo and Ibrahim Babangida berated each other for alleged dismal records in office.

Obasanjo reacted to the criticism of his administration by Babangida on Tuesday, and he described his former military subordinate as “a fool at 70 who should be pitied because he is living a life full of regrets.”



The normally cautious Babangida reacted swiftly through his spokesman Kassim Afegbua, saying “only Nigerians can tell who the biggest fool is between him and Obasanjo after a good assessment of their pedigrees.” In a statement yesterday, Afegbua regretted that rather than address the issues raised by his boss, Obasanjo decided “to throw decency in the air to describe General IBB in such uncouth verbiage as a birthday message.”

“We do not want to believe that he truly said that, but if it is true that he did say that, Nigerians know who the greatest fool is,” the statement said. Afegbua also said “calling IBB a fool at 70, especially by a man reportedly and allegedly accused by his own son of incest, is at best a compliment. Nigerians surely know who is truly a fool or the greatest fool of this century.”

Babangida had on the eve of his 70th birthday criticised Obasanjo’s eight year civilian regime, saying there was “no foresight, no imagination” and that given the huge resources that accrued to the government since 1999, Nigeria ought to have done better.

Only Nigerians can tell who the biggest fool is between him and Obasanjo after a good assessment of their pedigrees.

However, speaking to reporters in his presidential library, Obsanjo said Babangida had contradicted himself on the issue of the provision of dividends of democracy because he (IBB) couldn’t have provided dividends of democracy and still be regretting. He said, “I also read where he said in his time, he gave the dividends of democracy and at the same time he regretted. When I read that, well I said Babangida should be pitied and shown sympathy rather than anger or condemnation because the old saying says a fool at 40 is a fool forever and I would say a regret at 70 is regret too late. Well, a regret at 70 is a regret to the grave...”

Obasanjo added, “If Babangida had decided on becoming a septuagenarian that he will be a fool, I think one should probably do what the Bible says in Proverbs chapter 26, verse 4. It says don’t answer a fool because you may also become like him. When you go to the same Proverbs chapter 26, verse 5, it says answer a fool so that he will not think he’s a wise man. So, I am now torn between which of the two verses I should follow in this respect.”

Babangida had also castigated Obasanjo’s administration, particularly on the power situation in the country, lamenting that he did not do enough on the sector. But Obasanjo who spoke in Abeokuta while meeting with some foreign investors said that the outburst by Babangida was unfortunate for having himself regretted not doing enough in providing the dividend of democracy for the people during his administration.

He said some of the allegations raised by IBB “were unfortunately not well thought-out. For instance, he talked about our energy. When I was the military head of state, I built Jebba dam; built Shiroro dam, I prepared the foundation of Egbin plant which President Shagari completed and commissioned. That time the money we were making was not up to the money Babangida was making annually for his eight years and yet we built two dams.

“Because it was important, you know that power is the driving force for development and for any developing country. But since the building of Egbin power plant until I came back in 1999 there was not any generating plant for almost 20 years and Babangida spent eight years out of that. Now, he has the audacity to talk about anybody; I think that is unfortunate.”

Obasanjo who is chairman of the ruling Peoples Democratic Party’s (PDP) Board of Trustees (BoT) said Babangida had contradicted himself on the issue of the provision of dividend of democracy wondering how one could have provided dividend of democracy and still be regretting it.

“As a country, Nigeria should be adding nothing less than 1,500 megawatts annually. South Africa with a population of 50 million generates 50,000 mega watts. Nigeria with a population of about 165 million we are not generating, we as at 1999 met 1,500 mega watts before we took it up to 4,000 mega watts. What we started they are now allowing it to go on. I believe if they continue with the programme that we left, in another two years, we will get to 10,000,” he said.

In his statement, IBB’s spokesman Afegbua, said: “We expected Chief Obasanjo to react to the substance of General Babangida’s submissions and not deploy this distractive strategy to shy away from the real issues at stake. The statistics of the government they both ran at different times, speak for them. The history of Chief Obasanjo is an open sore that is irredeemably contrived in several incongruities and contradictions.

“When he pleaded with IBB to be given another chance to extend his tenure, IBB was not a fool then. When he was released from prison and granted state pardon, bathed in cerebral ornaments and clothed in royal beads and later crowned as President of Nigeria, IBB was not a fool then.

“Now that he is at the extreme of his thoughts and engagements, he can decide to dress IBB in borrowed robes. But the histories of both of them, when put to public scrutiny comparatively, IBB is far glowing and instructively stands poles apart from Obasanjo. In terms of decency, finesse, class, distinction and general conduct, IBB could be described in the superlatives but for Obasanjo; God bless Nigeria.

“For a man who cannot possibly tell his true age, one may excuse his present outburst as the effusions of a witless comedian trying effortlessly to impress his select audience.”

Afegbua said on the issue of performance, Obasanjo cannot contemplate a comparison of his “largely acquisitive regime that plundered our hard-earned state resources” with that of IBB government with verifiable record of achievements.

“We wish to refer Obasanjo to the National Assembly to give his own side of the story to the several revelations that have become themes of his orchestra when he held sway as President of Nigeria. Perhaps, he would be able to tell the world how he managed Nigeria’s resources during his regime,” the statement added.

“Chief Obasanjo should ponder on these incontrovertible facts: The revenues that accrued to former President Obasanjo during his eight years are more than those that accrued to the nation from independence till 1999 before he took over. Despite such stupendous wealth of the nation, what was his performance profile? The number of high profile deaths by assassinations and politically motivated killings during Obasanjo’s eight years is more than any other in the history of this country. Besides, is it not curious that after Obasanjo’s exit, there has not been any reported case of plane crashes? What was his human rights record? The people of Odi in Bayelsa State and Zaki-Ibiam in Benue State are yet to recover from the massacre visited on them by Chief Obasanjo.

“Again Crude Oil sold for as much as $180 dollars per barrel for the better part of his eight years, what benefit did Nigerians derive from such excess crude? With the revelations coming from the hallowed chambers of the National Assembly, Nigerians are now coming to terms with the profligacy of the Obasanjo era,” the statement added.

But Obasanjo who has been indicted by the ongoing probe into the activities of the Bureau for Public Enterprise at the National Assembly Obasanjo declared that he was ready to show up at any sitting to explain himself on the issue declaring, “Anybody who wants me for any event, I’m available.” And asked why these attacks were coming at this time, Obasanjo said, “I should ask you.”

Unity Bank, Japaul oil, others lift NSE’s indices

Unity Bank, Japaul oil, others lift NSE’s indices

Thursday, 18 August 2011

I'm ready to appear before Senate probe panel - Obasanjo


Former President, Chief Olusegun Obasanjo today expressed expressed his willingness to appear before the Senate panel on Privatization.

He was responding to the series of allegations leveled against him by his former colleague, Gen. Ibrahim Babangida over his performance in office, and those of fomer Director-General of the BPE and minister of FCT, Malam Nasir El-Rufai.

Obasanjo declared that he was ready to show up at any sitting to explain himself on the issue declaring, “anybody who wants me for any event, I’m available.”

Speaking on his role in the privatization of Nigeria Airways, Obasanjo affirmed that he blocked the sale of Nigeria Airways in order to remove the hardship on Nigeria. “I blocked the sale of Nigeria Airways, not that I attempted to block the sale of Nigeria Airways. When I was military head of state, Nigeria Airways had 32 aircrafts, by the time I came back as elected president of Nigeria, Nigeria Airways had only one aircraft.

"...the amount of money we will have to pay if Nigeria Airways was sold, what we would get out of it is less than 10 percent of the debt we have to pay. That will be the debt Nigeria tax payers will have to pay; that will not be the way to run the affairs of this country.

Obasanjo asserted that since he could not run his own affairs that way, “so I opted for liquidation. So, it was bankrupted, it was liquidated; in which case whatever you gain from liquidation which is also a form of sale, it means the burden will be shared by all the creditors and everybody. So, if I owe you 10 dollars and what I sell
when I am liquidated is two. That’s what you get. So, I did not allow normal privatization or sale because it would have put very heavy burden on Nigeria.


He also reacted to the comments by Gen. Babangida who had castigated his administration, particularly on the power situation in the country.

He said he was phoned by someone who directed his attention to the story. "I said I don’t believe it. He said check on all the papers and I said get me all the papers, they got me the papers and I read; it’s a little bit unlike Babangida."

While giving his clarifications on the matter, he said that some of the allegations raised by IBB, “were unfortunately not well thought-out. For instance, he talked about our energy. When I was the military head of state, I built Jebba dam; built Shiroro dam, I prepared the foundation of Egbin plant which President Shagari completed and commissioned. That time the money we were making was not up to the money Babangida was making annually for his eight years and
yet we built two dams.

“Because it was important, you know that power is the driving force for development and for any developing country. But since the building of Egbin power plant, until I came back in 1999 there was not any generating plant for almost 20 years and Babangida spent eight years out of that. Now, he has the audacity to talk about anybody; I think that is unfortunate.”

He went further to highlight some of the power plants projects his administration built as a civilian president, which include, Papalanto and Omotosho, “and others and I started five what they called Independent Power Stations which were stopped for two and a half years. Now, the present administration has started building a new power project at Uyo.

“As a country, Nigeria should be adding nothing less than 1,500 megawatts annually. South Africa with a population of 50 million generates 50,000 mega watts. Nigeria with a population of about 165 million we are not generating, we as at 1999 met 1,500 mega watts before we took it up to 4,000 mega watts. What we started they are now allowing it to go on. I believe if they continue with the programme that we left, In another two years, we will get to 10,000,” he said.

UNFPA improves lives of 100 obstetric fistula victims in Kano


The United Nations Population Fund (UNFPA), has supported and empowered 100 repaired fistula victims in Kano in line with its mandate to promote the rights of every woman, man and child to enjoy a life of health and equal opportunity and in furtherance of its contribution to the elimination of Obstetric Fistula in collaboration with Virgin Unite.

UNFPA provided startup capital in the form of various equipments including forty sewing machines, twenty knitting machines and forty baking equipments.

A total of 100 VVF repaired victims trained in skills acquisitions during the six weeks post-operative care period to empower them economically and prepare them for integration into their various communities. UNFPA also instituted a monitoring plan to ensure that the skill acquired is put into good use and the equipments used for the intended purpose.

UNFPA Representative - Dr. Agathe Lawson speaking at the occasion, called on the women to hold their heads high and stay empowered by putting into good use, skills acquired at the center.

The Representative called for collective efforts and collaboration in ensuring the elimination of obstetric fistula in the State whilst identifying the great role men have to play in these efforts.

UNFPA, as part of her mandate, the Resident Representative said, will continue to support prevention, treatment and rehabilitation efforts in Kano state.

Other items donated by the agency included mattresses, blankets, bed linens, ceiling fan, hospital mattress, sphgmanometers, stethoscopes, dressing kits and a cupboard for storing medicines and other items.

These items were handed over to the Kano State Honorable Commissioner of Women Affairs and Social Development - Barr. Hajiya Saratu Yaro; who also currently oversees the Ministry of Health.

The Commissioner commended UNFPA over her continuous support towards the elimination of obstetric fistula in the State adding that UNFPA has been a worthy partner since 2005 and hoped that the partnership will continue.


Today, obstetric fistula is highly prevalent in Kano, Katsina, Kebbi, Sokoto, Plateau, Ebonyi and Akwa-Ibom States of Nigeria. Obstetric fistula can be prevented by addressing the three delays linked with getting essential health care - delays in seeking, reaching and receiving prompt and quality service at the health facility.

60% of products in Nigerian market are fake –SON

About 60 percent of products displayed in the nation’s markets are substandard and over 80 percent of them are from the far East countries, the Standard Organisation of Nigeria (SON) said in a communique.

SON said as part of its ongoing campaign against sale and circulation of substandard products in the country, bilateral agreements will be signed with exporter nations to issue certificates of free use in those countries.

Head of SON, Joseph Odumodu, said exporter nations will also be required to subscribe to a re-export regime in cases of any substandard products exported to Nigeria.

He said these in Lagos at the stakeholders’ interactive forum organised by his agency as part of its on-going war against substandard products in Nigeria.

Nigeria has already banned importation of fake and substandard products with effect from August 15.

According to a communiqué issued at the end of the forum, SON said it has destroyed substandard goods worth over N300 million seized by its officials in the last 3 months.

The communiqué said SON will establish market desks in all the major markets across the federation to receive complaints and intelligence reports on fake and substandard products and urged the collaboration of all stakeholders towards the success of this new initiative.

According to the communiqué, local manufacturers were urged to voluntarily comply with the Mandatory Conformity Assessment Programme (MANCAP) of SON as an assurance to consumers of the high quality of made in Nigeria products.

The National Association of Small Scale Industrialists (NASSI) called for the reduction of product registration charges for small scale industries.

It also called for the patronage of locally made products rather than imported substandard products.

Ramadan: Price of eggs escalates in Kano


Half way into this year’s Ramadan fasting, the price of eggs has continued to rise in Kano as demand for the commodity increases, Daily Trust can report.

A crate which was sold for between N600 and N650 now goes for about N900, while the retail price for one piece has jumped from N25 to N30 and even N35 in remote places.

An egg seller, Alhaji Usman Aliyu who spoke to our correspondent said there was a sudden rush for eggs and despite the call for the suppliers to maintain a steady price, they had been increasing the cost price and in the end they were forced to increase their retail price.

But the secretary of the Poultry Association of Nigeria, Kano State chapter, Salisu Yusuf said the issue was as a result of lack of price regulations and the limitations the association has on non members whom, he said, are not obliged to follow the association’s resolutions.

He explained that the association had agreed on a price when Ramadan was approaching and some registered outlets have complied.

He said some dubious citizens had however taken advantage of that and were employing children to make purchases for them to resell at exorbitant prices.

Dana Air launches package for Muslim


Dana Air has commenced special in-flight service to Muslim guests on all its domestic routes in acknowledgment of the Ramadan period.

Jacky Hathiramani, Chief Executive Officer of the airline, who unveiled the package, said Dana Air in-flight catering would offer special fruits throughout the month-long fast.

He said this is because fruits posses several health benefits and nutritionists generally advise to break a fast with fruits before having any solid meal.

“Given the encouraging feedback we received from guests last year, we decided to re-introduce the special meal packages during this Holy month of Ramadan, so that our Muslim guests can take away their in-flight meals. This way, they can observe the daytime fasting and keep the meal until they are ready to break their fast,” Hathiramani said.

The special Ramadan service was initiated by the airline in 2009 in line with its vision of being ‘Nigeria’s most reliable and customer-friendly airline’, and has been well received and commended by guests of Dana Air.