News
No more dollar for Nigerian oil, let them pay in Naira – Falana
Left to Femi Falana, Nigeria’s foremost rights activist and current affairs commentator, Nigeria must renounce its current dependence on dollar economy and join the rest of the world in looking for alternatives to the greenback in order not to be caught napping.
Falana, a Senior Advocate of Nigeria (SAN), while condemning what he described as the dollarisation of the Nigerian economy, wondered why the country would continue to be selling its crude oil in the American currency, while many countries had now decided to dump it for their own templates.
A guest on Politics Today, a current affairs programme on Channels Television, he recalled how he had confronted the Central Bank of Nigeria (CBN) on the issue of dollarisation of the economy and how they promised to address the situation but have been unable to do so.
Falana, who gave examples with the move by the BRICS (Brazil, India, China and Russia) countries and others to introduce an international currency to challenge the dollar, said: “Along our campaign (against dollarization of the economy), the world is moving. The BRICS is now campaigning that it is going to have an international currency to challenge the dollar. About 24 countries have applied to join the body in their next summit that will take place in South Africa. I am simply asking, what is the position of Nigeria?
“Have we reduced ourselves to the footnote of history as far as international affairs are concerned? When you look at section 19 E of the Constitution, provides that it shall be the duty of the government of Nigeria to promote a new international economic order and that is and that is the world before us.
“We have no business selling our oil, gas, and other products in dollars, we are supposed to ask the buyers to pay in naira so that you can shore up your currency. And that is what Russia is doing currently, China is doing the same, India is doing that.”
Falana, who condemned the central bank for taking advice from the IMF and the World Bank as these bodies believe that the naira is overvalued, also lamented that house rent and school fees are now paid in dollars in some parts of the country.
By Sunny Igboanugo
On Wednesday, April 22, 2026, Goodluck Jonathan, Nigeria’s 14th leader and the fourth elected President was at the Presidential Villa, Abuja, on a visit to President Bola Tinubu. Nobody knew the content of that visit because discussions were conducted closed doors.
However, knowing Tinubu, would anything concerning him ever be free of politics, especially given the nuances of the season? Would the snake ever give birth to a creature that is short?
Naturally, as it is wont with Nigeria where one event takes over from the other in quick successions, the Jonathan visit, naturally disappeared – buried inside the reservoir of public consciousness.
But then, things have begun to unfold that people are not only now returning to that April visit, but are taking notes as well as connecting the dots.
Nothing yet seems definite, except in the realm of the popular local saying that when a witch cries at night and the baby dies in the morning, the people know where to look.
Indeed, the droppings of the caterpillar on the ground is making people look up to the tree to see if they are actually eating the green leaves on them. Naturally, events around the 14th President, do not look ordinary – at least not that ordinary to escape more than a scant public scrutiny.
So, when on Thursday May 7, 2026 youths stormed the Abuja office of the ex-President urging him to run for the office he left in 2015, after his historic defeat by Muhammadu Buhari, it elicited a deeper interest from the previous attempts. Yes! It wasn’t the first time Nigerians would be making the pitch. Several groups had tried in the past, even as far back as the 2023 elections.
So, the attempt three weeks ago, was not new. But, this time, eyebrows were raised all the same because it seemed to conduce more intriguing interpretations. Therefore, instead of mere passing interests, Nigerians are now interrogating deeply, putting two and two together.
How much did the former President know about that visit? Did those youths ambush him or was he in the know that such a visit would take place? Was it what is known here as an arrangee – a well-crafted political facade?
Then came the angle of the Peoples Democratic Party (PDP). A long time ago, when speculations were rife that Peter Obi, was being courted by the former ruling party to return and run for the 2027 presidential election on its platform, Jerry Gana, a stalwart of the party had served notice that they even had a more seducing and deliverable option. It turned out to be Jonathan.
So, long before the Nyesom Wike devastating blow on the party that has kept it in its prostrate state, Jonathan had been on the cards as the number one option for the party. Therefore, it follows that the current steps the party is taking to draft him in, to run as its candidate in the election, is normal. But is it?
The argument in PDP quarters for the Jonathan choice is because he is the only one constitutionally barred from contesting a second term, he is the most fitted to satisfy all shades of political interests in Nigeria today, especially the North eager to return to power. Quite scintillating.
But seducing as this appears, there is a hugely compelling argument against the move. A groundswell of analysts swear that the ex-President is being pushed into the ring as an instrument to stop Peter Obi, the current moving train threatening to crush the ambition of Tinubu to remain in office beyond 2027. In other words, the sole reason is to play the spoiler role.
Supposing this is the reason. Then what is before us is more fatal than critical. This is the same Jonathan whose singular act of calling Buhari that morning on March 31, 2015 to concede defeat, suddenly catapulted him to a global democratic icon – the same that hops into presidential planes to other countries in Africa to straighten crooked democratic roads.
Now, would the same Jonathan swear with his church mind that Tinubu’s model of democracy is what he would prescribe even for an enemy country, let alone Nigeria? What aspect of the country has Tinubu not damaged. So, what would make him a Tinubu’s ally in the further destruction of Nigeria, if he truly loves the country?
This was the same Jonathan who swore that his ambition was not worth the blood of any Nigerian. Is he not aware that the land on which he’s standing is already soaked with the blood of the same citizens by the sheer butchery that is happening daily in the country under the nose of the most underwhelming President yet? Isn’t this the issue now?
Indeed, not a few people have argued that Jonathan should be in the forefront of the Obi project. For one, Obi was once his appointee apart from being a sworn ally. So, he would be in a position to ascertain his true qualities first hand and confirm that he’s the only one among the lot that could fix the country. Even an imbecile knows that Obi would create the clean break from the past that Nigeria needs today to build the future everyone desires.
Besides, he Jonathan, if anything is substantially part of the reason the South East is in its current state at the moment, the level of support the area gave him throughout his tenure is part of the reason the late Buhari increased his hatred for the Igbo a million times more – a phenomenon he transferred through the APC to Tinubu – and which the current President has been unable to extricate himself from.
Okay, is the former President not aware that the position Tinubu is sitting on today belongs to the South East – the zone that took him like one of them that they even gave him an Igbo name – Ebele. If everyone else shortchanges Ndigbo, would he also join, given the foregoing? What manner of ingratitude would that be?
O yes! He has had his Villa meeting. PDP has adopted him as their candidate. Even the legal barrier that would have stopped him, was cleared on Monday when Justice Peter Lifu of the Federal High Court, Abuja, handed him the all-clear sign. He has told the world that he is consulting. While at it, hopefully, more people would tell him the home truth.
Fortunately, he was the one who said it is easy to wake someone that is actually asleep than someone pretending to be asleep. Regrettably, by his silence since the obscene drama began, it appears he prefers the latter. Therefore, his action would not derive from ignorance.
If he finally bites at the apple, it wouldn’t be because he didn’t know how much Tinubu has messed up Nigeria and the implication of reinforcing him with another four years.
His complicity wouldn’t mean that he doesn’t know what to do to reverse the trend. It would only mean that personal interest has taken the better part of him and not the love of the country.
If he deliberately makes that choice, with both eyes open, then he’s welcome in the hall of infamy rather than honour. Fortunately, there is still a window to prove that the foregoing was a mere political nightmare and not reality. But otherwise, it would be apposite for Nigerians to say in unison – GOODLUCK?
My name is Sunny Igboanugo, I’m The Tiny Voice!
Hours after Mohammed Hayatu-Deen did, Chibuike Rotimi Amaechi, on Tuesday, also flatly rejected the outcome of the presidential primaries, of the African Democratic Congress, alleging widespread voter disenfranchisement and electoral malpractice.
Amaechi former Minister of Transportation and former Governor of Rivers State, described the announced results as “concocted,” insisting that the process failed to meet the standards of transparency and fairness earlier promised by the party.
He said in a statement: “I unequivocally reject the concocted results being announced,” Amaechi stated.
He said he had previously maintained that he would only accept the outcome of the primaries if the process was free, fair and transparent, stressing that the exercise did not reflect the democratic values the ADC claimed to represent.
“I will not accept results from a process that does not reflect the values that the ADC had pledged to uphold, to rescue Nigerians from the impunity and gross mismanagement that our country is currently facing in the hands of the ruling party,” he said.
Amaechi alleged that a significant number of party members were denied the opportunity to vote during the exercise.
“There’s no way that about eighty percent of members of the party were not allowed to vote, and you expect me to accept such results,” he stated.
The former Rivers State governor questioned the moral basis of the ADC criticising the ruling All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) over alleged electoral malpractice while allegedly engaging in similar conduct internally.
“A party that criticizes the ruling APC and INEC for vote buying, rigging and writing of results, cannot be engaged in vote buying, writing of results, and other electoral malpractices that leads to the disenfranchisement of voters who are party members. This is not acceptable!” he declared.
Amaechi said the ADC was envisioned as a platform to amplify the voices of ordinary Nigerians and provide credible political alternatives irrespective of ethnicity, religion or social background.
His rejection of the outcome is expected to deepen tensions within the opposition party following the conclusion of its presidential primary election.
“These timeless virtues of devotion, selflessness, and submission to divine will are values our nation desperately needs today,” were the exact words with which Godswill Akpabio, attempted to rouse Nigerians to the ethos of unquestionable faith and service to the country.
Akpabio, Chairman of the National Assembly, who drew example from Prophet Ibrahim, admonished Nigerians to emulate his unwavering faith, obedience, and willingness to sacrifice for the sake of Almighty Allah.
The Senate President, who conveyed his sentiments via a statement by Eseme Eyiboh, also used the specifically hail President Bola Ahmed Tinubu, his vice, Kashim Shettima and Muslim faithful in Nigeria and around the world as they celebrate Eid El Kabir.
Stressing that the occasion called for prayer and sober reflection on the theme of sacrifice, he added: “This sacred occasion reminds us of Prophet Ibrahim’s unwavering faith, obedience, and willingness to sacrifice for the sake of Almighty Allah.
“To our dear President, Commander-in-Chief of the Armed Forces of Nigeria, Asiwaju Bola Ahmed Tinubu, his vice, Senator Kashim Shettima and Muslim brothers and sisters, I felicitate with them on behalf of my family, constituents and the Senate on this blessed Eid. May the lessons of sacrifice, compassion, and generosity that define this season strengthen your faith and bring peace to your homes.
“As you share with the less privileged and extend love to neighbours of all faiths, you embody the true spirit of Nigeria. To all Nigerians, I urge us to use this solemn period to pray fervently for peace, security, and prosperity in our land. Let us pray for our troops in the frontlines, for farmers to return safely to their fields, and for unity to prevail over division in our Nation.
“Eid El Kabir also calls us to deep reflection on the future of our country. Just as Prophet Ibrahim was tested, Nigeria is in a season of testing. The sacrifices we make today in patience, in tolerance and in choosing hope over despair will determine the Nigeria our children inherit.
“The Renewed Hope Agenda of this administration, supported by the National Assembly, is anchored on that same principle: that meaningful progress often requires collective sacrifice.
“May Almighty Allah accept your prayers and sacrifices. May He heal our land, guide our leaders, and bless the Federal Republic of Nigeria. Barka da Sallah. Eid Mubarak.”
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