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Voice of Emancipation: The Irony of National Debt

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By Kayode Emola

Last week, I wrote about the tale of two futures, considering how wealth is distributed geographically. I discussed the way the place of a person’s birth dictates their fate for life. In this week’s article, I want to consider national debt and how it affects our everyday living.

Many may wonder why a nation’s debt matters at all. However, if you are a follower of history, the understanding of how debt works can help us appreciate why there is the irony of plenty for a few whilst there is nothing for many.

Before the creation of this present nation state arrangement that we all are used to, what we used to have was kingdoms. Most of these kingdoms were sufficiently viable that they did not have to inflict debt upon their population. Each man contributed according to his ability towards the survival of the kingdom, and life was beautiful. Many people were able to bequeath inheritance to their descendants, passing down what they themselves had inherited, as well as what they had accumulated from their labour.

However, the Europeans’ quest for enlargement into other people’s territory in the Middle Ages saw these arrangements fade into oblivion. In this manner, the nation state of this present age was formed. As much as the quest for knowledge has improved our everyday living, it has done more damage than good. Modern civilization has ended up impoverishing the world, placing the wealth in the hands of a selected few.

For instance, if we look at the number of billionaires in the US compared to the total debt owed by the country, one may wonder why there has not been a policy put in place to compel these rich people to do more to share their wealth. The US as a nation owes around $28 trillion as of 2021, a figure that is projected to continue to rise, making it a highly probable prospect that the US could go bankrupt in the near future. The combined fortune of the US billionaires is around $4.8 trillion, with many of them paying taxes that are not proportionate to their earnings, compared to the everyday regular person.

As much as countries like the USA, UK, France and Australia, which are world economic powers, are heavily indebted, many other smaller countries are extremely wealthy. For instance, Norway, which has a population of around 5 million people, has a sovereign wealth fund of around $1.3 trillion, compared to a total debt of around $171 billion . Norway doesn’t have to borrow money to run the economy because it is consistently in surplus.

Another good example of a country that has maximised their fortune over the years, and so avoided the spiral of national debt, is Brunei. The small Asian country is currently the fifth richest nation in the world, receiving most of its income from the sales of crude oil. This has enabled it to provide free education, subsidized housing and no income or sales tax levied on its citizens.

These above statistics show us why African countries are heavily indebted. The fact that we were once colonised by many of the European nations that have huge burden of national debt meant that we weren’t allowed to develop at our own pace. We have inherited a system that is alien to our culture, impoverishing the majority of our people just to benefit a few in society.

Nigeria today, with all its wealth from mineral resources and many more still untapped, is now on an increasingly perilous slide into a huge national debt. With the advent of democracy in 1999, and the concerted efforts to renegotiate our national debt by the Obasanjo/Atiku regime, Nigerians were hoping that a glorious dawn for this sleeping giant was about to begin. In his wisdom, Obasanjo ensured that Umaru Musa Yar’Adua, the most prudent Governor during his presidency, got elected to take over from him. This he did to ensure that greedy politicians were not given the chance to loot the treasury and the common wealth of our people, which would otherwise drive our people deeper into debt.

Alas, no one expected that Yar’Adua would die before the end of his tenure, thereby paving the way for his deputy, Goodluck Jonathan, to succeed him. He would allow greedy politicians, lacking the nation’s best interests at heart, to loot the treasury and plunge the nation back into the desolate days of huge national debt. Today we have an even greater problem on our hands, as the revenue of the country is insufficient to meet its debt.

The population explosion in Nigeria is also not helping matters. As the seventh most populous country in the world at present, and the prospect looming large of becoming number two by the end of the century, this level of national debt will become a burden too great for the country to be able to bear.

Already Nigeria spends over 80% of her revenue on servicing debt, yet the mere survival and day-to-day running of the country is dependent on taking out even more debt. If this is allowed to continue uncurbed, everything we have as a country will end up endowed to a foreign corporation or government. This in itself is a modern form of slavery, where the government of a country cannot dictate what happens in their own land. They will be forced to submit to instruction from a foreign agency or government, dictating how they are to control the assets that ought to be for the benefit of their people.

In view of this travesty of national debt which is capable of keeping us in perpetual bondage in Nigeria, I believe it is time for the Yoruba people to get their act together and run from this oncoming danger bearing down on us. Many people cling to the belief that one day a Messiah will arrive and steer Nigeria to greatness. I must disagree with this, as experience over the years has shown that the lot of our people continues to dwindle since the nation’s independence in October 1960. The worst case now facing Nigeria sees the month of October as no longer a time to celebrate getting our independence, but instead becoming a time of mourning, commemorating the victims of the ENDSARS killing, and marking the time our voices were crushed by tyranny.

The fact that this happened on Yoruba soil should shock every Yoruba person who is still in their right frame of mind. We the Yorubas are not obliged to remain in a Nigeria that continues to deprive our people of their basic human right to freedom, just because some people want us to. The call now is for the Yoruba people, both home and abroad, to have a round table discussion on whether we continue to allow Nigeria steal from us everything we inherited from our ancestors; or instead to walk away from Nigeria whilst we still can, to save us and our descendants from this impending doom. The ball is now in our court to decide what future we want for our people. The generations to come will be the judge of our decision: will we have failed them or helped to shape for them a better future?

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Opinion

How Dr. Fatima Ibrahim Hamza (PT, mNSP) Became Kano’s Healthcare Star and a Model for African Women in Leadership

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By Dr. Sani Sa’idu Baba

My dear country men and women, over the years, I have been opportune to watch numerous speeches delivered by outstanding women shaping the global health sector especially those within Africa. Back home, I have also listened to towering figures like Dr. Hadiza Galadanci, the renowned O&G consultant whose passion for healthcare reform continues to inspire many. Even more closer home, there is Dr. Fatima Ibrahim Hamza, my classmate and colleague. Anyone who knew her from the beginning would remember a hardworking young woman who left no stone unturned in her pursuit of excellence. Today, she stands tall as one of the most powerful illustrations of what African women in leadership can achieve when brilliance, discipline, and integrity are brought together.

Before I dwell into the main business for this week, let me make this serious confession. If you are a regular traveler within Nigeria like myself, especially in the last two years, you will agree that no state currently matches Kano in healthcare delivery and institutional sophistication. This transformation is not accidental. It is the result of a coordinated, disciplined, and visionary ecosystem of leadership enabled by Kano State Governor, Engr Abba Kabir Yusuf. From the strategic drive of the Hospitals Management Board under the meticulous leadership of Dr. Mansur Nagoda, to the policy direction and oversight provided by the Ministry of Health led by the ever committed Dr. Abubakar Labaran, and the groundbreaking reforms championed by the Kano State Primary Health Care Management Board under the highly cerebral Professor Salisu Ahmed Ibrahim, the former Private Health Institution Management Agency (PHIMA) boss, a man who embodies competence, hard work, honesty, and principle, the progress of Kano’s health sector becomes easy to understand. With such a strong leadership backbone, it is no surprise that individuals like Dr. Fatima Ibrahim Hamza is thriving and redefining what effective healthcare leadership looks like in Nigeria.

Across the world, from top medical institutions to global leadership arenas, one truth echoes unmistakably: when women lead with vision, systems transform. Their leadership is rarely about theatrics or force; it is about empathy, innovation, discipline, and a capacity to drive change from the inside out. Kano State has, in recent years, witnessed this truth firsthand through the extraordinary work of Dr. Fatima at Sheikh Muhammad Jidda General Hospital.

In less than 2 years, Dr. Fatima has emerged as a phenomenon within Kano’s healthcare landscape. As the youngest hospital director in the state, she has demonstrated a style of leadership that mirrors the excellence seen in celebrated female leaders worldwide, women who inspire not by occupying space, but by redefining it. Her performance has earned her two high level commendations. First, a recognition by the Head of Service following a rigorous independent assessment of her achievements, and more recently, a formal commendation letter from the Hospitals Management Board acknowledging her professionalism, discipline, and transformative impact.

These acknowledgements are far more than administrative gestures, they place her in the company of women leaders whose influence reshaped nations: New Zealand’s Jacinda Ardern with her empathy driven governance, Liberia’s Ellen Johnson Sirleaf with her courageous reforms, and Germany’s Angela Merkel with her disciplined, steady leadership. Dr. Fatima belongs to this esteemed lineage of women who do not wait for change, they create it.

What sets her apart is her ability to merge vision with structure, compassion with competence, and humility with bold ambition. Staff members describe her as firm yet accessible, warm yet uncompromising on standards, traits that embody the modern leadership model the world is steadily embracing. Under her stewardship, Sheikh Jidda General Hospital has transformed from a routine public facility into an institution of possibility, demonstrating what happens when a capable woman is given the opportunity to lead without constraint.

The recent commendation letter from the Hospitals Management Board captures this evolution clearly: “Dr. Fatima has strengthened administrative coordination, improved patient care, elevated professional standards, and fostered a hospital environment where excellence has become the norm rather than the exception”. These outcomes are remarkable in a system that often battles bureaucratic bottlenecks and infrastructural limitations. Her work is proof that effective leadership especially in health must be visionary, intentional, and rooted in integrity.

In a period when global discourse places increasing emphasis on the importance of women in leadership particularly in healthcare, Dr. Fatima stands as a living testament to what is possible. She has demonstrated that leadership is never about gender, but capacity, clarity of purpose, and the willingness to serve with unwavering commitment.

Her rise sends a powerful message to young girls across Nigeria and Africa: that excellence has no gender boundaries. It is a call to institutions to trust and empower competent women. And it is a reminder to society that progress accelerates when leadership is guided by competence rather than stereotypes.

As Kano continues its journey toward comprehensive healthcare reform, Dr. Fatima represents a new chapter, one where leadership is defined not by age or gender, but by impact, innovation, and measurable progress. She is, without question, one of the most compelling examples of modern African women in leadership today.

May her story continue to enlighten, inspire, and redefine what African women can, and will achieve when given the opportunity to lead.

Dr. Baba writes from Kano, and can be reached via drssbaba@yahoo.com

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Opinion

Book Review: Against the Odds by Dozy Mmobuosi

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By Sola Ojewusi

Against the Odds is an ambitious, deeply personal, and unflinchingly honest memoir that traces the remarkable rise of Dozy Mmobuosi, one of Nigeria’s most dynamic and controversial entrepreneurs. In this sweeping narrative, Mmobuosi reveals not just the public milestones of his career, but the intimate struggles, internal battles, and defining moments that shaped his identity and worldview.

The book is both a personal testimony and a broader commentary on leadership, innovation, and Africa’s future—and it succeeds in balancing these worlds with surprising emotional clarity.

A Candid Portrait of Beginnings

Mmobuosi’s story begins in the bustling, unpredictable ecosystem of Lagos, where early challenges served as the furnace that forged his ambitions. The memoir details the circumstances of his upbringing, the value systems passed down from family, and the early encounters that sparked his desire to build solutions at scale.

These foundational chapters do important work: they humanize the protagonist. Readers meet a young Dozy not as a business figurehead, but as a Nigerian navigating complex social, financial, and personal realities—realities that millions of Africans will find familiar.

The Making of an Entrepreneur

As the narrative progresses, the memoir transitions into the defining phase of Mmobuosi’s business evolution. Here, he walks readers through the origins of his earliest ventures and the relentless curiosity that led him to operate across multiple industries—fintech, agri-tech, telecoms, AI, healthcare, consumer goods, and beyond.

What is striking is the pattern of calculated risk-taking. Mmobuosi positions himself as someone unafraid to venture into uncharted territory, even when the cost of failure is steep. His explanations offer readers valuable insights into:
• market intuition
• the psychology of entrepreneurship
• the sacrifices required to build at scale
• the emotional and operational toll of high-growth ventures

These passages make the book not only readable but instructive—especially for emerging

African entrepreneurs.

Triumphs, Crises, and Public Scrutiny
One of the book’s most compelling strengths is its willingness to confront controversy head-on.

Mmobuosi addresses periods of intense scrutiny, institutional pressure, and personal trials.

Instead of glossing over these chapters, he uses them to illustrate the complexities of building businesses in emerging markets and navigating public perception.

The tone is reflective rather than defensive, inviting readers to consider the thin line between innovation and misunderstanding in environments where the rules are still being written.

This vulnerability is where the memoir finds its emotional resonance.

A Vision for Africa

Beyond personal history, Against the Odds expands into a passionate manifesto for African transformation. Mmobuosi articulates a vision of a continent whose young population, natural resources, and intellectual capital position it not as a follower, but a potential leader in global innovation.

He challenges outdated narratives about Africa’s dependency, instead advocating for
homegrown technology, supply chain sovereignty, inclusive economic systems, and investment in human capital.

For development strategists, policymakers, and visionaries, these sections elevate the work from memoir to thought leadership.

The Writing: Accessible, Engaging, and Purposeful

Stylistically, the memoir is direct and approachable. Mmobuosi writes with clarity and intention, blending storytelling with reflection in a way that keeps the momentum steady. The pacing is effective: the book moves seamlessly from personal anecdotes to business lessons, from introspection to bold declarations.

Despite its business-heavy subject matter, the prose remains accessible to everyday readers.

The emotional honesty, in particular, will appeal to those who appreciate memoirs that feel lived rather than curated.

Why This Book Matters

Against the Odds arrives at a critical moment for Africa’s socioeconomic trajectory. As global attention shifts toward African innovation, the need for authentic narratives from those building within the system becomes essential.

Mmobuosi’s memoir offers:
• a case study in resilience
• an insider’s perspective on entrepreneurship in frontier markets
• a meditation on reputation, legacy, and leadership
• a rallying cry for African ambition

For readers like Sola Ojewusi, whose work intersects with media, policy, leadership, and social development, this book offers profound insight into the human stories driving Africa’s new generation of builders.

Final Verdict

Against the Odds is more than a success story—it is a layered, introspective, and timely work that captures the pressures and possibilities of modern African enterprise. It challenges stereotypes, raises important questions about leadership and impact, and ultimately delivers a narrative of persistence that audiences across the world will find relatable.

It is an essential read for anyone interested in the future of African innovation, the personal realities behind public leadership, and the enduring power of vision and resilience

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Opinion

Redefining Self-leadership: Henry Ukazu As a Model

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By Abdulakeem Sodeeq SULYMAN
In a world filled with talents and unique gifts, nurturing oneself for an impact-filled living becomes one of the potent metrics for assuming how one’s life would unfold – either in the nearest or far future. I am sure the question you may be curious to ask is ‘what is the important quality that has shaped the life of every individual who has unleashed their ingenuity?’ Apparently, our society is filled with numerous people, who missed the track of their life. Their iniquity is boiled down to one thing – failure to lead oneself.
Realising how important it is to be your own leader has been the springboard for every transformative life. Notably, this also becomes the premise for appreciating and celebrating Henry Ukazu for setting the pace and modeling self-leadership in this era, where self-leadership is under-appreciated by our people. Self-leadership itself engineers purposeful and impactful living, turning individuals to sources of hope to others.
This is exactly what Henry Ukazu symbolises. The name Henry Ukazu is akin to many great things such as ‘Unleashing One’s Destiny,’ ‘Finding One’s Purpose’ and ‘Triumphant Living.’ Regardless of the impression one have formed about Henry Ukazu, one thing you cannot deny is his ability to be pure to nature and committed to his cause. Henry Ukazu is one of the rare people who still believed in the values of the human worth and has committed every penny of his to ensure that every human deserves to live the best life.
The trajectory of Henry Ukazu’s life is convincing enough to be choosing as an icon by anyone who chooses to climb the ladder of self-leadership. Oftentimes, Henry Ukazu always narrate how he faced the storms of life when birthing his purpose. He takes honour in his struggles, knowing full well that every stumbling blocks life throws at him helped in building himself. If not for self-leadership, he will not found honours in his struggles, let alone challenging himself to be an example of purposeful living to others.
Without mincing words, Henry Ukazu’s life has been blessed with the presence of many people, with some filling his life with disappointments, while some blessing him with immeasurable transformations. Surprisingly, Henry Ukazu has never chosen to be treating people negatively; rather he would only choose the path of honour by avoiding drama and let common sense prevail. That’s one of the height of simplicity!
Dear readers, do you know why today is important for celebrating Henry Ukazu? Today, 3rd December, is his birthday and with all sincerity, Henry Ukazu deserves to be celebrated because he has chosen the noble path, one filled with honours and recognitions for being an icon of inspiration and transformation to the mankind. As Henry Ukazu marks another year today, may the good Lord continue shielding him from all evils and guiding him in right directions, where posterity will feel his role and impacts!
Many happy returns, Sir!

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