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The Coward Generation of The Federal Republic of Nigeria (CGFRN)

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youth - Investors King

Since 1999 when we returned to democratic rule, the so-called youths have not only been relegated to the backseat in the scheme of things, but are also happy being on the backseat. The Youths (as at then) that agitated for the ouster of the military in 1999, along with those that have been in the corridors of power since the days of President Shagari in 1979 are still here calling the shots, while the youths of today that are supposed to be running the show for the good of Nigeria are cheering them in the comfort of twitter, facebook, nairaland, palmchat, 2go etc. For instance, the “young” Audu Ogbeh that was elected member and Deputy Speaker of Benue State House of Assembly in 1979, appointed minister of communication under Shehu Shagari in 1983, elected chairman of PDP in 2001 is still active today as the substantive minister of Agriculture. This is a man that first tasted political power 37 years ago when some of us weren’t even born. Are there no young and vibrant APC youth that is capable of administering the sector? Our country has been on comatose since the generation of the present political leaders took over in 1966/7 till this day, yet, the youths of our generation are less concerned.

What has the generation of present day political leaders achieved since they took over the mantle of leadership from their fathers? I dare say that Nigeria has been retrogressing under their leadership. They couldn’t fix power, roads, schools and hospitals. The structural defect of our country that they contributed to bringing to fore in 1966 is yet to be addressed. They have wasted billions of tax payers money and our oil wealth organising talk shops that they tagged conferences and confabs without result. They couldn’t even fix the security sector, nor provide jobs to the teaming unemployed and a conducive environment for business to thrive. Under them, nepotism not only became celebrated but has been officially adopted. This present generation of expired leaders are not only corrupt but have instituted corruption in the system. Tribalism is their forte. When you look at the prominent political parties including PDP and APC, the same tired politicians are holding sway and swapping offices. Their loyalty is neither to their party nor the country but only themselves. They couldn’t even enthrone a culture of free and credible election that meets minimum standard. This present day generation of leaders have nothing to offer, they have showed it repeatedly, tested and failed woefully.

Before I go on, I wish to remind our youths of today of the feat achieved by their once upon a time predecessor. In their youthful days, Chief Obafemi Awolowo, Ernest Okoli, Kofo Abayomi, Hezekiah Oladipo Davies, James Churchill Vaughan, Oba Samuel Akisanya, Nnamdi Azikiwe, etc. formed the Nigeria Youth Movement in 1933, this brave young Nigerians not only stood up to the British against the ill treatment of Nigeria citizens, they also participated actively in politics, won elections and were the movers of our independence in 1960. As youngmen, they assumed leadership positions in their regions and at the federal level. They may not be perfect as leaders, but history will always be fair on them as contributors to an independent Nigerian State. Till date we still celebrate them.

When former president Goodluck Jonathan in January 8, 2015 said and I quote,

I believe that the young Nigerians are the future, we are finished. We believe that the youths will be the ones that will take us to the moon, my generation has failed because we could not take Nigeria to the moon. I don’t want to address old people like me because we (his generation) are spent already.

I shook my head in shame though I agreed with him that his generation FAILED Nigeria including him, I still questioned the rationality for saying that young Nigerians are the future except he wasn’t referring to today’s youths. How could Jonathan call this generation the future of Nigeria when the generation of youths today are future-less? Which future does a generation of N.F.A(No future Ambition) has? This is a generation that are hustling to be appointed Special Assistant on Twitter, Facebook, Nairaland etc under the guise of Special Assistant on Media while their mates in other climes are leading political parties and government institutions, calling the shots and developing their societies.

This is a generation that sit down to expect their fathers in NLC and TUC to help them lead protest on the street while they tweet the outcome and update their facebook, palmchat, and other social media status. This is a failed generation that wouldn’t have done anything in 2010 had it been their fathers Soyinka, Bakare and co didn’t protest calling for the elevation of then VP Jonathan. This is a generation that sat down with their #OccupyNigeria hashtag while their fathers were in Ojota calling for the reversal of the ill advised subsidy removal of 2012. This is a generation that couldn’t even protest the CBN fraudulent recruitment of children of the ruling caucus and demanding for its reversal and removal of CBN Governor but sat in the comfort of their parlours to tweet.and disturbing the peace of social network. This is a generation that have resigned to playing fighter dog for politicians in the two major parties but are never invited when the spoils are shared. What kind of generation would see nothing wrong in the high rate of unemployment(which didn’t start under Buhari administration) but only whine in their rooms, resorting to try your luck with football betting companies? Ordinary Youth Wing these political parties refused to allow, neither are they giving up slots for young people in party, elective and appointive offices.

Is it not our peers in Burkina Faso that successfully brought down TWO military dictators within one year with some losing their lives in 2015? Is it not our peers in Egypt and Tunisia that brought down their dictator leaders? Is it not our peers that are on the streets of Brazil calling for the ouster of President Lima and prosecution of former president Sylva? Is it not our mates that are leading parties in South Africa? Why are we so comfortable taking back seats? Why are we comfortable with the fact that the old men are recycling themselves and slotting their kids?

Some of us waste their MBs defending Jonathan and others but who remembered you when Jonathan’s son-inlaw was appointed SA to Governor Ben Ayade of Cross river state? Lai Muhammed is a minister and his son is a member of Lagos state house of Assembly, in the same house of assembly, Bola Tinubu has his nephew as member. TA Orji, a Senator has his son as Abia state house of assembly member, Atiku Abubakar’s daughter is a commissioner in Adamawa state, James Ibori’s daughter is a member of Delta state house of assembly, Admiral Nyako son is an incumbent Senator, the present Governor of Niger state is the son-inlaw to Abdulsallam Abubakar, Ibim Semenitari, the MD NDDC is the Daughter of Gabriel Toby, the former Deputy Governor of Rivers state under the disgraceful administration of Peter Odili. The men we devout our time and energy to defend are putting their kids to RULE us just as they ruled our fathers. The worse is Kwara state, where Saraki family has been holding sway since 1979. They allocated CBN positions among themselves but threw up police recruitment to us so that we will guard and serve their children in political offices and CBN, just as our fathers served them.

I am pained that i belong to a generation that pride in cowardice, suffering and smiling, and folly. It is a shame that this generation that I belong to is on the verge of entering into the disgraceful part of history as one that not only failed themselves but also failed the generation after them. This generation has successfully displaced the generation of the present day political office holders (who naturally are supposed to take back seat) as the most myopic and less visionary. This generation has successfully earned itself as a disgrace among its peers in Africa and the world at large. This generation I refer to the Coward Generation of the Federal Republic of Nigeria (CGFRN). If you are between 25 and 40 years of age, this piece is an indictment on you. Those below the said age should learn from those within the age and not displace them in their place of disgrace when they become of age.

Despite the venom poured on this generation (which is deserving), I still believe that hope is not lost for us to redeem ourselves and earn our place among noble generations. I believe that we can look into our challenges and setbacks and address them in order to move from where we are to where we hope to be. This I shall address in subsequent piece…

May God Bless Us All and Bless Nigeria.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Government

92.6 Million Nigerians Enrolled For the National Identification Number – NIMC

The Federal Government through the Corporate Affairs Commission (CAC) has stated that NIN will be a compulsory requirement for business registration. 

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National-eID-card

The National Identity Management Commission (NIMC) has announced that 92.63 million Nigerians have enrolled for the National Identification Number as of November 2022.

This represents an increase of 1.9 million when compared to the 90.68 million recorded in October.

According to the recent data released by NIMC, more men have been captured than women. The data also revealed that men accounted for about 52.1 million people or 56 percent of the total people captured so far in the NIN database.

On the other hand, women represent 40.5 million or 44 percent of the total enrollment, Investors King learnt.

On a state-to-state basis,  Lagos State recorded the highest enrollment with about 10.3 million. This was followed by Kano State with more than 8 million people.

Other states with substantial enrollments include Kaduna with 5.4 million, Ogun with 3.8 million, Oyo with 3.6 million, FCT with 3.2 million, Katsina with 3.1 million, Rivers with 2.7 million, Delta with 2.4 million, and Bauchi with 2.4 million.

Meanwhile, Bayelsa is presently the state with the lowest enrollments.  A total of 583,323 have so far enrolled in the state. Ebonyi trailed Bayelsa with 744,869 and Ekiti’s record shows 971,712 enrollments. While Cross River, Taraba, Yobe, Enugu, Imo, Akwa Ibom and Zamfara followed with 1 million, 1.3 million, 1.3 million, 1.5 million, Imo 1.5 million, 1.5 million and 1.6 million, respectively.

In another development, the Federal Government through the Corporate Affairs Commission (CAC) has stated that NIN is now a compulsory requirement for business registration like it is with banks.

According to the Registrar of the Corporate Affairs Commission, Garba Abubakar, NIN was adopted because its security can’t be compromised, unlike the National Identity card, passport, and driver’s license, which could easily be cloned.

“If you don’t have a NIN, it means you can’t register your company. The essence is to verify the integrity of the data we are collecting,” Garba noted.

National Identification Number is the unique number created by the Nigerian government to identify Nigerians, curb crimes, deepen infrastructure in cities and generally access all citizens.

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Governors Forum Replies FG, Blames Poverty on Rising Insecurity

The NGF accused the federal government of being unable to tame rising insecurity which has led to the high costs of food.

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Child Poverty - Investors King

The Nigerian Governors Forum (NGF)  has stated that governors could not be blamed for poverty in their respective states. The NGF accused the federal government of being unable to tame rising insecurity which has led to the high costs of food.

Investors King could recall that President Muhammadu Buhari earlier alleged that governors are pocketing funds meant for the development of the local governments. 

Similarly, the Minister of State for Budget and National Planning, Clement Agba, also stated that the 36 governors were responsible for the rising poverty index in the country,

According to the Governors Forum, the rising level of poverty among Nigerians was a consequence of the biting effect of insecurity on commercial and agricultural activities.

A statement released by NGF’s  Director of Media and Public Affairs, AbdulRazaque Bello-Barkindo said “It is important to put on record the progress made by state governors in the administration of their states, which have witnessed tremendous progress in recent times. Governors have undertaken projects where they, in conjunction with their people, deem them fit for purpose.

“This dereliction of duty from the centre is the main reason why people have been unable to engage in regular agrarian activity and commerce. Today, rural areas are insecure, markets are unsafe, travel surety is improbable and life for the common people generally is harsh and brutish.”

Barkindo further accused the minister of deviating from the major issues and passing blames when he and his colleague, the Minister of Finance, Budget and National Planning, Zainab Ahmed, should be implementing policies that can ameliorate the hardship Nigerians were facing. 

Barkindo in the statement added that the primary duty of any government is to ensure the security of lives and property, an area he claimed the Federal Government has failed. 

“But the Federal Government, which is responsible for the security of lives and property, has been unable to fulfil this covenant with the people, thus allowing bandits, insurgents, and kidnappers to turn the country into a killing field, maiming and abducting people, in schools market squares and even on their farmlands,” he said. 

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President Buhari Accuses Governors of Stealing LG Funds

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Muhammadu Buhari

Nigerian President, Muhammadu Buhari has once again accused state governors of stealing monthly allocation due to local government under them.

The president spoke at a parley with members of the Senior Executive Course of the National Institute for Policy and Strategic Studies, Kuru, held at the State House Banquet Hall, Abuja.

Speaking at the event, the president stated that it beats anyone’s imagination how some governors collected money on behalf of council areas in their states, only to remit just half of such allocation to the council chairmen, who would further deplete the remittance by filching it. Investors King learnt. 

 ‘‘I found it necessary to digress after reading my speech and this digression is a result of my personal experience. What they did, this is my personal experience, if the money from the Federation Account to the state is about N100m, N50m will be sent to the chairman, but he will sign that he received N100m. The governor will pocket the balance and share it with whoever he wants to share it with,” the president narrated. 

‘‘This is what’s happening. This is Nigeria. It’s a terrible thing; you cannot say the person who was doing this is not educated. He was a qualified lawyer, he was experienced, yet he participated in this type of corruption.” he queried. 

Furthermore, the president clarified that state governors and local government chairmen should be held responsible for the underdevelopment in the rural areas noting that most of the local governments lack basic amenities. 

Similarly, the National Union of Local Government Employees on Thursday backed the position of the president on the embezzlement and mismanagement of local government funds.

Responding to Buhari’s position, the  President of the Nigeria Union of Local Government Employees (NULGE), Hakeem Ambali, said Buhari was merely stating the obvious.

The NULGE President nevertheless admonished the president to go beyond the statement and ensure governors, especially those in APC to sign the local government autonomy bill into law.  

“He should go beyond that statement. He is the leader of the party, he should ask them to sign the autonomy into law; he is the leader of the governors,’’ he said.

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