Opinion
Voice of Emancipation – Who Will Save the Falling Naira? (Pt. 2)
Published
2 years agoon
By
Eric
…Dangers of Redenomination
By Kayode Emola
Following on from last week’s analysis of the falling naira, it is worth pointing out that the current trajectory of the Central Bank of Nigeria and the Federal government to redenominate the naira is not the solution to the currency devaluation. Several countries like Ghana, Zimbabwe, Venezuela, and so on have tried it in the past and have not fared much better. Therefore, I don’t see how a currency redenomination would solve the current crises.
Instead of the government tackling the root cause of the problem, they are applying a quick-fix solution to try and shore up the currency devaluation. It was very evident in the 1990s when the then Head of State Ibrahim Babangida was trying to introduce his Structural Adjustment Programme (SAP) that Nigeria was heading in the wrong direction. To date, no tangible solution has been found on how to move Nigeria forward.
Corruption has been encouraged on a grand scale in Nigeria by successive regimes; inflation is now over the roof and the end result is a disastrous economy unable to recover. The bottom line is that the low-productivity economy we run where millions of our youth are unemployed is part of the root cause of the problem we face. Rather than solve this problem, the government is thinking of redenominating the currency.
The only thing the redenomination exercise will bring is more confusion to the populace as people will spend time working out the value of the old and new currencies. This will end up wasting peoples’ precious time thereby slowing down productivity that the country badly needs.
Take, for instance, the Ghana government redenominate their currency in 2007. At that time, the value of the cedi to the dollar was around ₵9,300 to $1. After the redenomination, the cedi became ₵0.93 to $1 and I know most Ghanaians would have been expecting their fortune to be better. Alas, 16 years after that exercise, the Ghanaian cedi is now ₵11.70 to $1.
In other words, if using the old Ghanaian cedi as our basis for economic evaluation, the true value of the Ghanaian cedi is around One hundred and seventeen thousand cedi (₵117,000 to $1) to one dollar. I am very certain that Ghanaians would have been shocked at this exchange rate had their money not been redenominated which would have forced a different reaction.
However, the redenomination has masked their true financial position, thus forcing Ghana into bankruptcy. If only the people were more aware of the damage the currency redenomination has done, they would have asked their government pertinent questions that would bring about a viable solution.
What is the way forward for Nigeria?
I am very marveled when a lot of Yoruba people in Nigeria believe that there is hope for the country, especially if it makes a monumental achievement in sports or one scholastic headline on the international stage. Nigeria has not built a society that can stand the test of time, therefore, attempting to continue in this trajectory is not going to make anything better if at all, those living in Nigeria should brace themselves for more economic hardship to come.
The Nigerian population is projected to double in the next 30 years and possibly quadruple in the next 80 years according to the United Nations projections. With the amount of poverty in the land, the number of poor people the government would have to deal with will definitely increase. With no focus on the direction of travel and possible escape from poverty, many innocent children may be born into poverty with no hope for their future.
The one thing that is clear here is that the current political leaders in Nigeria are not doing anything to help the economy grow. Not because they don’t want to, but because it is just impossible to do with the political setup of Nigeria. Nigeria as it is today was not intended to become a country, it was supposed to be a trading post, thus every element of nationhood was missing from the inception of its creation.
Taking the above illustration into account will help millions of our brainwashed Yoruba people know that they are not living in a country let alone a nation. Our people must realise that there is no way we can build a nation out of Nigeria, and forcing the constituent parts to remain as one entity is more harmful to everyone than a peaceful separation.
It is high time we all realised that the future of Nigeria is a journey to nowhere. If in doubt, check where Nigeria is coming from. When I speak with some of our naïve elders who allude to the better days when the British were still governing Nigeria. The question I ask is, do we want to bring back the British to recolonise us or do we want to get our independent Yoruba nation out of Nigeria and let other nationalities do the same? In that way, we can better govern ourselves.
Your guess is as good as mine, I would rather opt for the latter which is an independent Yoruba nation, knowing fully well, that this is the only viable solution. Taking the case of Ghana and its redenomination exercise, I am sure the Ghanaian population would have reacted differently today if they were still using the old cedi. However, because their currency has been redenominated, it has hidden the true nature of their economic collapse.
This is the direction in which Nigeria is headed unless a drastic change is forced on the system. Either we all get frustrated with poverty and force a change or continue to romanticise in fantasy waiting for the day help will come, which I doubt would come anytime soon if at all.
The only solution to this quagmire is to have every nationality go their own separate ways. Nigeria would not be the first to have broken up into several components. For those who still believe that Nigeria will be great again, they should understand that this is just a political rhetoric that means nothing.
After all, Donald Trump promised to make America great again, but I don’t think that his rhetoric has reduced the debt of America, instead, their debt is increasing on a daily basis. Those still believing in this political jamboree called democracy being practiced around the world should know that affirmative action rather than rhetoric is the only solution to our problem.
We must affirm that all we want is an independent Yoruba nation, we must educate our people on the dangers that lie ahead if we remain in Nigeria. Otherwise, I fear for the future of the children yet unborn who would be sent to this world to suffer unnecessarily for no fault of their own. I believe the time for action is now rather than sitting on the fence and hoping for the best.
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Opinion
The State of Leadership Today: A Look at Global, African and Nigerian Realities
Published
4 days agoon
January 31, 2026By
Eric
By Tolulope A. Adegoke PhD
“Leadership for our age is measured not by the height of the throne, but by the depth of its roots in integrity, the breadth of its embrace of collective talent, and the courage to cultivate systems that bear fruit for generations yet unseen” – Tolulope A. Adegoke, PhD.
Leadership today is at a crossroad. Around the world, in our communities, and within our organizations, old ways of leading are straining under new pressures. This isn’t just a theoretical discussion; it’s about the quality of our daily lives, the success of our businesses, and the future of our nations. Let’s walk through the current trends, understand their very real impacts, and then explore practical, hands-on solutions that can unlock a better future for everyone.
Part 1: The Leadership Landscape – Where We Stand
The Global Picture: Beyond the Solo Leader
The image of the all-powerful, decisive leader at the top of a pyramid is fading. Today, effective leadership looks different. It’s more about empathy and service than authority. People expect their leaders—in companies and governments—to be authentic, to listen, and to foster teams where everyone feels safe to contribute. Furthermore, leadership is now tightly linked to purpose and responsibility. It’s no longer just about profits or power; stakeholders demand action on climate, fair treatment of workers, and ethical governance. Leaders must also be tech-savvy guides, helping their people navigate constant digital change while dealing with unpredictable global events that disrupt even the best-laid plans.
Africa’s Dynamic Challenge: Youth and Promise
Africa’s story is one of incredible potential meeting stubborn challenges. The continent is young, energetic, and full of innovative spirit. Yet, this tremendous asset often feels untapped. Too frequently, a gap exists between this rising generation and established leadership structures, leading to frustration. While the African Continental Free Trade Area (AfCFTA) presents a historic chance for economic unity, it requires leaders who think beyond their own borders. At the same time, democratic progress sometimes stalls, with leaders clinging to power. The most pragmatic leaders are those who engage with the vibrant informal economy—the hustlers, market traders, and artisans—who form the backbone of daily life and hold the key to inclusive growth.
Nigeria’s Pressing Reality: Crisis and Resilience
In Nigeria, the leadership experience often feels like moving from one emergency to the next. Attention is consumed by immediate crises—security threats, economic swings, infrastructure breakdowns—making long-term planning difficult. This has triggered a profound loss of confidence, visibly seen in the “Japa” phenomenon, where skilled professionals leave seeking stability and opportunity abroad. This brain drain is a direct critique of the system. Politics remains deeply influenced by ethnic and regional loyalties, which can overshadow competence and national vision. Yet, in the face of these trials, a remarkable spirit of entrepreneurial resilience shines through. Nigeria’s business people and tech innovators are daily solving problems and creating value, often compensating for wider systemic failures.
Part 2: The Real-World Impact – How This Affects Us All
These trends are not abstract; they touch lives, businesses, and countries in tangible ways.
· On Everyday People: When leadership is perceived as self-serving or ineffective, trust evaporates. People feel anxious about the future and disconnected from their leaders. This can manifest as cynicism, social unrest, or the difficult decision to emigrate. The struggle to find good jobs, feel secure, and build a future becomes harder, deepening inequalities.
· On Companies and Organizations: Businesses operate in a tough space. They face a war for talent, competing to retain skilled employees who have global options. They must also navigate unpredictable policies, provide their own power and security, and balance profitability with rising demands for social responsibility. The burden of operating in a challenging environment increases costs and risk.
· On Nations: Countries plagued by poor governance face a competitiveness crisis. They struggle to attract the kind of long-term investment that builds economies. Policy becomes unstable, changing with political winds, which scares off investors and stalls development. Ultimately, this can destabilize not just one nation but entire regions, as problems like insecurity and migration spill across borders.
Part 3: A Practical Pathway Forward – Building Leadership That Delivers
The situation is complex, but it is not hopeless. Turning things around requires deliberate, concrete actions focused on systems, not just individuals.
1. Fortify Institutions with Transparency and Merit.
We must build systems so strong that they work regardless of who is in charge.
· Action: Legally protect key institutions—the electoral body, the civil service, the courts—from political interference. Appointments must be based on proven competence and integrity, not connections.
· Action: Implement technology-driven transparency. Let citizens track government budgets and projects in real time through public online portals. Sunshine is the best disinfectant.
2. Bridge the Gap Between Leaders and the Led.
Leadership must become a conversation, not a monologue.
· Action: Create mandatory Youth Advisory Councils at all levels of government and in large corporations. Give young people a formal platform to contribute ideas and hold leaders accountable on issues like education, digital innovation, and job creation.
· Action: Leaders must adopt regular, unscripted “town hall” meetings and use simple digital platforms to explain decisions and gather feedback directly from citizens and employees.
3. Channel Entrepreneurship into National Solutions.
Harness the proven problem-solving power of the private sector.
· Action: Establish Public-Private Impact Partnerships. For example, the government can partner with tech companies to roll out digital identity systems or with agribusinesses to build modern farm-to-market logistics. Clear rules and shared goals are key.
· Action: Launch National Challenge Funds that invite entrepreneurs and researchers to compete to solve specific national problems, like local clean energy solutions or affordable healthcare diagnostics, with funding and market access as the prize.
4. Redeploy Nigeria’s Greatest Export: Its Diaspora.
Turn the brain drain into a brain gain.
· Action: Create a Diaspora Knowledge & Investment Bureau. This agency would actively connect Nigerians abroad with opportunities to mentor, invest in startups, or take up short-term expert roles in Nigerian institutions, transferring vital skills and capital.
· Action: Offer tangible incentives, like tax breaks or matching funds, for diaspora-led investments in critical sectors like healthcare, renewable energy, and vocational training.
5. Cultivate a New Mindset in Every Citizen.
Ultimately, the culture of leadership starts with us.
· Action: Integrate ethics, civic responsibility, and critical thinking into the core curriculum of every school. Leadership development begins in the classroom.
· Action: Celebrate and reward “Local Champions”—the honest councilor, the community organizer, the business owner who trains apprentices. We must honor integrity and service in our everyday circles to reshape our collective expectations.
Conclusion: The Work of Building Together
The challenge before us is not to find a single heroic leader. It is to participate in building a better system of leadership. This means championing institutions that work, demanding transparency in our spaces, mentoring someone younger, and holding ourselves to high ethical standards in our own roles.
For Nigeria and Africa, the possibility of a brighter future is not a dream; it is a choice. It is the choice to move from complaining about leaders to building leadership. It is the choice to value competence over connection, to seek common ground over division, and to invest in the long-term health of our community. This work is hard and requires patience, but by taking these practical steps—starting today and in our own spheres—we lay the foundation for a tomorrow defined by promise, stability, and shared success. The power to deliver that possibility lies not in one person’s hands, but in our collective will to act.
Dr. Tolulope A. Adegoke, AMBP-UN is a globally recognized scholar-practitioner and thought leader at the nexus of security, governance, and strategic leadership. His mission is dedicated to advancing ethical governance, strategic human capital development, and resilient nation-building, and global peace. He can be reached via: tolulopeadegoke01@gmail.com, globalstageimpacts@gmail.com
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Opinion
Globacom Redefines Standard for Telecoms in 2026
Published
5 days agoon
January 29, 2026By
Eric
By Michael Abimboye
As always, Globacom is at the heart of telecoms transformation in Nigeria. The acquisition of additional spectrum, is a decisive move that has expanded network capacity and fundamentally improved customer experience.
With the ability to carry significantly higher data volumes at greater speeds, users are seeing faster downloads, stronger uploads, seamless video streaming, and clearer voice calls even at peak periods. Crucially, this expansion has driven down latency. Independent performance testing has ranked Glo as the network with the lowest latency in Nigeria, meaning faster response times whenever data commands are initiated.
This spectrum advantage is being matched on the ground by the rollout of thousands of new LTE sites nationwide. Network capacity has increased pan-Nigeria, with noticeably higher download speeds across regions. At the same time, the installation of thousands of additional towers is easing congestion and closing coverage gaps, particularly in high-density locations such as markets and tertiary institutions, where demand for fast, reliable internet is highest.
Power reliability, often the silent determinant of network quality, is also being reengineered. Globacom has deployed hybrid battery power systems across numerous sites, reducing dependence on diesel while improving sustainability. Beyond cost efficiency, this greener model delivers stronger uptime ensuring uninterrupted power supply and optimal performance for base stations and switching centres.
Behind the scenes, Glo has upgraded its switching systems and data centres to accommodate rising traffic volumes nationwide. These upgrades are designed not only for today’s demand but to ensure the network consistently meets performance KPIs well into the future, even as data consumption continues to grow.
Equally significant is the massive reconstruction and expansion of Globacom’s optic fibre cable (OFC) network. Along highways and metro routes affected by road construction, fibre routes are being reconstructed and relocated to safeguard service continuity. Thousands of kilometres of new fibre have also been rolled out nationwide, fortifying the OFC backbone, improving redundancy, reducing network glitches, and enabling the network to handle increasingly heavy data loads with resilience.
These investments collectively address long-standing coverage gaps while driving densification and capacity enhancement in already active areas, ensuring a more balanced and reliable national footprint.
At the core layer, Globacom is modernising its network elements through new platforms and applications, upgraded enterprise and interconnect billing systems, and an expanding roster of roaming partners for both in-roaming and out-roaming services strengthening its integration into the global telecoms ecosystem.
Taken together, these are not incremental upgrades. They represent a deliberate, system-wide repositioning.
In 2026, Globacom is not just improving its network; it is asserting itself as the technical leader in Nigeria’s telecommunications industry and has gone on a spending spree to satisfy the millions of subscribers enjoying seamless connectivity across Nigeria.
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Opinion
How GLO Sustains Everyday Businesses in Kano, Nigeria’s Centre of Commerce
Published
1 week agoon
January 25, 2026By
Eric
By Dr Sani Sa’idu Baba
For more than two weeks, Kano woke up under a veil of fog. Not the poetic kind, but the stubborn Harmattan fog that dulls vision, slows movement, and disrupts daily rhythm. Dawn arrived quietly. Shops opened late. Calls failed repeatedly. Internet bars blinked on and off like uncertain promises. Across the state, one reality became impossible to ignore: communication had become a struggle. This reality carried even greater weight in the capital of Kano, the centre of commerce in Nigeria.
As Ramadan approaches and gradually leads to the celebration of Eid-el-Fitr, everyone understands what this season represents. It is a period when online businesses, both big and small, become a major source of livelihood for millions. Traders prepare for peak demand, online vendors scale up advertising, and buyers from across the country look to Kano for goods. Visitors stream in from other states, transactions multiply, and the success of this entire commercial ecosystem depends heavily on one thing: seamless network connectivity between buyers and sellers.
In Kano, where business breathes through phone calls, alerts, and instant messages, poor network is not just inconvenient, it is costly. Calling became difficult. Browsing the internet felt like a battle. For many, it meant frustration. For others, it meant loss.
As these challenges persisted day after day, conversations across the city began to take a clear and consistent direction. In homes, offices, and markets, a new conversation began to dominate discussions. A brother of mine, deeply involved in the communication business at Farm Center Market, the largest hub for telecom activity in Kano shared his amazement. Day after day, customers walked up to data vendors with one clear, confident request: “Glo data.” Not alternatives. Not experiments. Just Glo, he said. At first, it seemed puzzling. If you were already on Glo, you might not even notice the difference. But for those struggling on other networks, the contrast was undeniable. In the middle of foggy mornings and unstable signals, Glo stood firm.
And soon, the conversation spread everywhere. At tea junctions in the early hours, as people warmed their hands around cups of shayi, discussions circled around how Glo “held up” when others disappeared. In university classrooms, students whispered comparisons before lectures began, who could download materials, who could submit assignments, and which network actually worked. More strikingly, Glo users quietly turned their phones into lifelines, sharing hotspots with classmates so others could access lecture notes, submit assignments, and stay connected. At sports viewing centres, between goals and missed chances, fans debated networks with the same passion as football rivalries. In markets, traders told customers how Glo saved their day. In every gathering of people across Kano, Glo became the reference point. The reason was simple: Glo had saved businesses.
Consider the POS operator by the roadside. Every successful transaction that attracts him/her ₦100 here, ₦200 there is survival. Failed transfers mean angry customers and lost income. During these fog-heavy days, many operators would have been stranded. But where Glo bars stayed strong, withdrawals went through, alerts dropped, and trust preserved.
Picture a roadside trader making her first sale of the day through a simple WhatsApp call, her voice steady as she confirms an order that will set the tone for her business. Nearby, an online vendor advertises products in WhatsApp groups, responds to messages, takes calls from interested buyers, and confirms deliveries, all in real time. Behind every one of these small but significant transactions is reliable connectivity. Delivery riders weaving through traffic and racing against time also depend on uninterrupted network access to reach customers, confirm payments, and complete orders. In moments when other networks struggled, Glo quietly kept these wheels of commerce turning, ensuring that daily hustle did not grind to a halt. Beyond the busy streets of the city, the impact of this reliability becomes even more profound in remote villages in Kano.
Back in Kano city, rising transportation costs have reshaped the way people work. Many professionals have had no choice but to adapt, turning their homes into offices and relying heavily on the internet to stay productive. Many now attend virtual meetings, send large files, collaborate remotely, and meet deadlines without leaving their homes. In a period marked by economic pressure and uncertainty, dependable internet is no longer a convenience, it is a necessity. In these conditions, Glo continues to provide the stability that keeps work moving forward.
At this point, Glo stops being seen merely as a telecommunications company. It emerges as the invisible backbone of the Nigerian hustle, supporting the determination and resilience of everyday people. From POS operators and online merchants to students, delivery services, market traders, and remote workers who refuse to give up, Glo remains present in the background, quietly powering their efforts. In tough terrains, harsh weather, and challenging times, when other networks fluctuate or fade, Glo stays connected.
You may not always hear it announce itself loudly, and you may not notice it when everything is working smoothly. But when a single call saves a business, when one alert prevents a financial loss, and when one stable connection keeps a dream alive, Glo proves its value, not as noise or empty promises, but as consistent reliability and lived experience. And that is how quietly, consistently, and powerfully Glo continues to power Nigeria’s everyday businesses, sustaining dreams and survival UNLIMITEDLY…
Dr. Baba writes from Kano, and can reached via drssbaba@yahoo.com
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