Opinion

Banks’ Excess Profits Tax: Cause-Related Marketing to the Rescue?

Published

12 months ago

January 7, 2025

Eric

By Magnus Onyibe

In response to the Central Bank of Nigeria’s (CBN) proposal for a 70% tax on the excessive profits banks made from naira devaluation in 2023 – profits which increased by at least 51% due to President Bola Tinubu’s economic reforms – there has been a noticeable rise in banks’ philanthropic activities.

The proposed excess profits tax, or windfall tax on foreign exchange gains, floated four months ago, appears to be part of the government’s strategy to address its declining revenue base. This is critical as the cost of governance continues to outpace income. For instance, Nigeria’s 2025 budget, totaling ₦49.7 trillion, relies on borrowing ₦13.08 trillion, while ₦15.33 trillion will be used to service the country’s enormous debt, which stands at an estimated ₦134.3 trillion. Only ₦34.82 trillion of the budget is expected to come from royalties and taxes.

To reduce the country’s dependence on borrowing, President Tinubu brought in Taiwo Oyedele, a former PwC West Africa tax head, to overhaul Nigeria’s outdated tax administration system, which the president has described as a relic of colonial times. Oyedele’s assignment, aimed at strengthening the system and generating more revenue, aligns with the government’s goal of improving infrastructure and services through increased fiscal resources has been welcome by most Nigerians who are looking forward to a better country with more robust infratructure which only more revenue can faciliate.
But there is a snag which is that some Nigerians are worried about the implications for the income accruing to their states from the federation account which they suspect will be reduced

The excess profits tax proposal seems to have been seen by the president’s tax reform committee, which includes private-sector experts, as a readily available source of additional revenue. Many of these experts, familiar with banks’ financial records through previous auditing roles, likely identified the windfall profits as an easy target.

While banks initially resisted the proposal, they were cautious not to do so too publicly. Prominent figures like Olisa Agbakoba, a former Nigerian Bar Association president, and Mustafa Chike-Obi, chairman of the Bank Directors Association of Nigeria (BIDAN), voiced criticism. However, the Chartered Institute of Taxation of Nigeria (CITN), led by its president Chief Segun Agbeluyi, supported the move.

Subsequently, United Bank for Africa (UBA) chairman Tony Elumelu and First City Monument Bank (FCMB) CEO Ladi Balogun engaged with the presidency in consultations. Their temperate and conciliatory approach during interviews, following the initial announcement of the tax, helped ease tensions between banks and their regulator, the CBN, shifting the debate away from public confrontation.

The issue of the proposed excess profits tax was eventually moved from public discussion to private negotiations in boardrooms. This stands in sharp contrast to the uproar triggered by the four tax reform bills introduced by the Taiwo Oyedele-led committee, which are currently being debated in the National Assembly (NASS). These bills propose significant reforms to Nigeria’s colonial-era tax system, as highlighted by President Tinubu in his first media address since assuming office on May 29, 2023.

Before the lawmakers went on their annual recess, the bills had sparked intense controversy, particularly among northern lawmakers who felt the proposed changes, especially to Value Added Tax (VAT), would disproportionately benefit the south. This contentious debate deepened the longstanding ethnic, religious, and regional divides between northern and southern legislators, overshadowing traditional party lines and amplifying non-partisan tensions.

As the situation edged toward a potential crisis, a truce was brokered at the Aso Rock Villa. Legislators were urged to set aside their disagreements and take more time to review the bills thoroughly, enabling them to suggest reasonable amendments. President Tinubu, in numerous public statements, expressed his willingness to incorporate these adjustments before the bills’ final passage.

The vigorous debate surrounding these tax reform bills raises questions about how much more contentious the removal of petrol subsidies might have been had it been subjected to a similar public debate. If the tax reforms have ignited such a high level of scrutiny, one can only imagine the political turmoil that might have ensued over discussions on petrol subsidies or the unification of the dual naira-foreign exchange window.
This is where a very thin line separates leaders from being democrats or monarchies. That is because if as democrats they allow extensive and unending debates on critical development issues, action will never be taken. But if they ram policies down the throats of legislators , such leaders would be adorned with the toga of dictatorship or as one who is monarchical.
Therein lies the dilema and a justification for the aphorism “ uneasy lies the head that wears the crown”
And it is at times like that, that Executive Orders which are easier ways of making laws while bypassing the legislators are viable options. But they are restrictive and tenous as they lack wide coverage and the longevity that are inherent in laws passed via a due legislative process.

However, President Tinubu appears to recognize the critical importance of timing in politics. With a limited four-year term, he seems determined to implement key reforms early to gain public confidence and lay the groundwork for potential re-election.

Returning to the matter of banks and the excess profits tax, it seems likely that a compromise was reached between the CBN and the banking sector, possibly facilitated by the Bankers’ Committee—a coalition of bank managing directors. This may explain why the excess profits tax has not yet been enforced, appearing instead to have been put on hold.

One of the driving forces behind the foreign exchange gains tax is the urgent need to generate revenue to sustain governance amidst soaring costs. This includes ₦15.81 trillion allocated to debt servicing, with the country’s debt estimated to have reached ₦77 trillion by the time the Tinubu administration assumed office. Expanding the tax base has thus become a necessity.

In this context, banks, under pressure to meet new capital base requirements of ₦500 billion for international operations and ₦200 billion for regional operations, may have directed the government’s tax authorities to explore the potential of taxing electronic transactions. This includes levying charges whenever Nigerians transfer or receive funds electronically in their bank accounts.

The recently introduced Electronic Money Transfer Levy (EMTL) requires banks to deduct ₦50 on electronic transfers or receipts of ₦10,000 or more. With 231.1 million bank accounts in Nigeria as of July last year, the Nigeria Inter-Bank Settlement System (NIBSS) estimates that this levy could generate as much as ₦484 billion over three years. While this has the potential to be a significant revenue source for the government, it raises the question: will it come at the expense of already overburdened Nigerians?

Because the charges are relatively small—a minor percentage of the transaction amount—most bank account holders seem not to feel the pinch yet. This contrasts sharply with the public uproar that followed the removal of the petrol subsidy on May 29, 2023, which sent shockwaves through the economy. While the dust from the subsidy removal is gradually settling, the EMTL could create another source of tension between the government, banks, and the public. The question remains: is such friction unavoidable?

It appears banks are aware of the backlash before the tax that is currently in abeyance was imposed and the potential backlash of the EMTL when the banking public become conscious of it. In what seems to be an attempt to improve their public image and foster goodwill among customers, they have embarked on large-scale Cause Related Marketing (CRM) campaigns in past four (4) months or so. These efforts aim to balance corporate interests with public good, blending their business strategies with socially beneficial initiatives.

This is not the first time banks have faced criticism. When the Central Bank of Nigeria (CBN) proposed the excess profits tax on foreign exchange gains, I authored an article titled “Banks FX Gains Tax: How CSR Could Have Averted It”, published on August 13 last year. In the piece, I reflected on how proactive Corporate Social Responsibility (CSR) measures might have softened the blow of public disapproval. For instance, banks had previously undertaken commendable initiatives, such as renovating the National Arts Theatre and contributing to the CACOVID initiative, which provided medical and economic relief during the pandemic.

During the public launch of my book, “Leading From The Streets: Media Interventions By A Public Intellectual 1999–2019”, three months ago, I highlighted the stark contrast between the significant profits banks were declaring and the struggles of other sectors and ordinary Nigerians. I suggested that banks could demonstrate their commitment to the greater good by waiving certain fees, such as charges for SMS alerts and printed statements. Such small gestures could go a long way in fostering goodwill and mitigating criticism.

“Corporate Nigeria demonstrated admirable resilience during the COVID-19 pandemic. Under the guidance of the Central Bank of Nigeria (CBN), banks and major corporations, through the CACOVID initiative, provided essential support to Nigerians. This effort earned them public praise and bolstered confidence in their commitment to societal well-being.”

I shared this perspective on May 8, several months before the proposal to amend the 2023 Finance Act on July 17, which the Senate approved on July 23. Had bank executives heeded earlier advice to ease the financial burden on their customers, the FX gains tax—now a significant source of concern for them—might never have been introduced. It seems this realization prompted banks to intensify their Cause Related Marketing (CRM) efforts, aligning their brands with various social issues affecting vulnerable communities, whether they are customers or not.

Historically, Nigerian banks have been active in philanthropic initiatives. Available data shows that they have invested significantly in education, healthcare, economic empowerment, and environmental sustainability. For example:
• Education: First Bank of Nigeria established the First Bank Education Endowment Scheme to provide scholarships for undergraduates. Similarly, Zenith Bank launched the Zenith Bank Scholarship Scheme, and GTBank set up its own scholarship initiative to support university students.
• Healthcare: Access Bank initiated the Maternal Health Services Support (MHS) program to improve maternal healthcare, while the UBA Foundation created the UBA Health Initiative to deliver medical aid and health education to communities.
• Economic Empowerment: Stanbic IBTC introduced the Business Incubator Program to foster entrepreneurship and small business development. Fidelity Bank also rolled out the SME Financing Scheme to provide financial support to small and medium-sized enterprises.
• Environmental Sustainability: Ecobank developed the Forests for Life program to promote sustainable forest management and conservation.

Despite these longstanding Corporate Social Responsibility (CSR) efforts, public perception of banks remains largely negative. This is partly because banks continue to generate massive profits during periods of widespread economic hardship, like in 2024, when firms were shutting down and individuals struggled due to the impact of socio-economic reforms.

Banks have increasingly realized that CSR alone is not enough to earn public trust. It’s not just about supporting communities but also about visibly engaging with them—a principle that CRM embodies. Unlike CSR, which encompasses broader goals like philanthropy, sustainability, and ethical practices, CRM is a targeted marketing strategy. It seeks to foster an emotional connection between the public and a brand by aligning with specific societal causes.

In light of the proposed tax, banks have shifted their focus from merely advertising their products to associating their brands with public causes. For example:
• UBA has expanded its educational support to include training for the visually impaired in the use of Braille, showcased through televised campaigns.
• Access Bank and Fidelity Bank have also reoriented their advertising strategies over the past four months to highlight their support for social causes rather than solely promoting products and services.
Hitherto the sponsoring of Fashion Week by Gtbank, Tech Week by Zenithbank and Marathan Race by Access bank annually in Lagos had been the most immersive experience of CSR involving those tier -1 banks with their publics.

But banks have learnt that by embedding their brands into social goodwill, they aim to improve their image and strengthen their relationship with the Nigerian public. However, time will tell if this goodwill can endure. The recently introduced Electronic Money Transfer Levy (EMTL), though currently unnoticed by many due to its modest charge of ₦50 per transaction, could soon spark public dissatisfaction. If this happens, banks might once again find themselves at odds with their customers, as was the case with the unpopular fees for SMS alerts.

As the conventional wisdom goes: ‘a stitch in time saves nine’

Magnus Onyibe, a public policy analyst, author, democracy advocate, development strategist, alumnus of the Fletcher School of Law and Diplomacy, Tufts University, Massachusetts, USA, and a former commissioner in the Delta State government, (2003-2007) sent this piece from Lagos, Nigeria.

To continue with this conversation and more, please visit www.magnum.ng.

Opinion

The Synergy Imperative: Integrating Transformative Leadership and Strategic Management for Africa’s Ascent

Published

1 day ago

December 20, 2025

Eric

By Tolulope A. Adegoke, PhD

“The bridge from Africa’s potential to its preeminence is built with the twin pillars of visionary leadership, which dares to imagine the impossible, and disciplined management, which masters the possible” – Tolulope A. Adegoke, PhD

Africa’s journey from a continent brimming with untapped potential to a unified global powerhouse is arguably the defining narrative of our century. This transformation, however, hinges on a critical catalyst: a new paradigm of leadership. To dismantle the persistent architecture of poverty and transcend the historical cycle of mediocrity, African nations require more than administrators; they need visionary architects and master builders. This necessitates a powerful fusion of transformative leadership—which sets the daring direction—and strategic, execution-focused management—which paves the road to get there. The synergy between these two forces is non-negotiable for unlocking the innovative capacity needed to deliver tangible possibilities for Africa’s people, its dynamic corporations, and its sovereign nations.

I. The Essence of Transformative Leadership: Architecting a New Continental Consciousness

True transformative leadership moves beyond maintaining the status quo. It is an audacious practice of reimagining futures, challenging deeply embedded narratives, and mobilizing collective will toward a shared, audacious horizon.

1. Crafting a Unifying and Aspirational Narrative: The transformative leader’s first task is to be a master storyteller for the future. This involves articulating a vision that moves past diagnoses of poverty to paint a vivid, compelling picture of continental success—a Africa renowned for its innovation, quality, and strategic influence. This narrative must replace a mindset of scarcity with one of boundless opportunity, fostering a new identity where “Made in Africa” signifies excellence, reliability, and cutting-edge solutions. It is about making the idea of a continental giant not a distant dream, but an inevitable destination in the public imagination.

2. Demonstrating Unshakeable Ethical Fortitude: The battle against mediocrity is fundamentally a battle for integrity. Transformative leaders must embody and enforce an ironclad commitment to governance that is transparent, accountable, and institutionally robust. This requires the political courage to depersonalize state institutions, empowering independent judiciary, audit authorities, and anti-corruption commissions not just on paper but in practice. By becoming the chief guardian of institutional integrity, a leader builds the essential currency of trust—without which long-term investment and social cohesion are impossible.

3. Championing Radical Inclusivity: No single entity holds a monopoly on innovative ideas. Transformative leaders actively dismantle top-down governance silos to create participatory ecosystems. They facilitate sustained dialogues that bring together the pragmatic insights of the private sector, the grassroots realities understood by civil society, the foresight of academia, and the voices of marginalized communities. This inclusive approach does more than improve policy; it fosters a profound sense of collective ownership over the continent’s destiny, building a resilient coalition for sustained change.

II. The Discipline of Strategic Management: Building the Engine of Execution

A vision without a rigorous mechanism for implementation remains a mere hallucination. Transformative leadership must be operationalized through management systems characterized by precision, adaptability, and results.

1. Engineering a Performance-Obsessed Public Sector: The public administration must be fundamentally redesigned into a lean, data-driven delivery machine. This demands:

o Integrated Outcome Frameworks: Adopting systems like the Balanced Scorecard to cascade the national vision into clear departmental objectives, measurable Key Performance Indicators (KPIs), and individual accountability metrics for civil servants.

o Evidence-Based Policy Orchestration: Investing in robust data analytics units and real-time monitoring dashboards. Resource allocation and program adjustments must be driven by hard evidence of what works, moving policymaking from political intuition to strategic science.

o Relentless Process Innovation: Launching comprehensive digital governance initiatives to automate and streamline bureaucratic processes—from business licensing to customs clearance. This eliminates friction, reduces opportunities for graft, and dramatically improves the user experience for citizens and investors alike.

2. Cultivating Dynamic Innovation Ecosystems: Management’s role is to create the fertile ground where creativity and enterprise can flourish. This is a deliberate, managerial function:

o Establishing Agile Policy Laboratories: Creating regulatory sandboxes in key sectors like fintech, renewable energy, and logistics allows startups to test breakthrough ideas in a controlled environment with temporary regulatory relief, fostering innovation without compromising systemic stability.

o Orchestrating Strategic Alliances: Building structured platforms for public-private-research collaboration. Government can de-risk pioneering R&D in areas like vaccine manufacturing or artificial intelligence for agriculture, with clear pathways for commercialization led by the private sector and fueled by academic research.

o Safeguarding Intellectual Creation: Modernizing and rigorously enforcing intellectual property regimes managed by efficient, trustworthy institutions. This protects African innovators, attracts R&D investment, and ensures that breakthroughs conceived on the continent yield prosperity for its people.

3. Mastering Capital: Human and Financial:

o Strategic Human Capital Development: Aligning national education and vocational training curricula with the future skills demanded by the continental transformation agenda requires active management through a permanent skills council, ensuring a seamless pipeline of talent for the industries of tomorrow.

o Pioneering Financial Architecture: Beyond domestic revenue mobilization, management excellence is key to structuring and accessing innovative finance. This includes developing bankable project pipelines for green bonds, diaspora investment instruments, and blended finance models to fund the massive infrastructure required for integration, all while maintaining impeccable sovereign debt management.

III. The Tangible Dividend: Delivering Expanded Possibilities for All

The ultimate metric for this leadership-management model is the tangible impact on the ground.

· For Africa’s Citizens: The outcome is expanded human agency and dignity. This manifests as access to meaningful, future-oriented employment; quality, affordable healthcare and education delivered efficiently; and social protections that empower rather than create dependency. Citizens experience a state that is a capable partner in their aspirations.

· For Africa’s Enterprises: The outcome is a predictable, enabling, and competitive operating environment. Corporations and entrepreneurs benefit from reliable infrastructure, seamless administrative processes, access to capital, and a fair, transparent market. This enables them to scale, innovate, and compete confidently on regional and global stages.

· For Africa’s Nations and Continental Body: The outcome is sovereign capability and collective strategic influence. Individually, nations evolve into resilient, adaptive economies. Collectively, a strategically managed and integrated Africa transforms into a formidable negotiating bloc, capable of shaping global rules on trade, climate, and digital governance, and moving from being a subject of global dynamics to a definitive shaper of the world order.

Conclusion: The Imperative of Synergy

The path from poverty to preeminence is paved by the dual forces of transformative leadership and strategic management. Leaders must provide the spark of vision, the moral compass, and the political will to embark on an audacious journey. The management apparatus must provide the meticulous map, the engine, and the metrics to navigate it successfully. When these elements align in harmony—when the architect’s dream is matched by the engineer’s precision—Africa will ignite a self-sustaining cycle of innovation, inclusive growth, and shared prosperity. This is the pathway that turns the latent potential within its people, the ambition of its corporations, and the sovereignty of its nations into a manifested reality. It is how the continent will cease to be perpetually “rising” and will firmly stand, a realized giant, shaping the century ahead.

Dr. Tolulope Adeseye Adegoke is a distinguished scholar-practitioner specializing in the intersection of African security, governance, strategic leadership and effective management. His expertise is built on a robust academic foundation—with a PhD, MA, and BA in History and International Studies focused on West African conflicts, terrorism, and regional diplomacy—complemented by high-level professional credentials as a Distinguished Fellow Certified Management Consultant and a Fellow Certified Human Resource Management Professional.

Opinion

A Marriage That Changed History: Celebrating Mobolaji and Dele Momodu at 33

Published

1 day ago

December 20, 2025

Eric

By Dr. Sani Sa’idu Baba

Some marriages are sustained by time, a few are tested by trials, but only the rarest are forged by destiny and proven by history. The union of Chief Dele Momodu and Chief Mobolaji Aderamaja Momodu belongs firmly in this extraordinary class, a marriage where love speaks with courage, partnership walks with purpose, and devotion quietly reshapes lives and legacies.

As Chief Dele and his remarkable wife Mobolaji Momodu mark 33 years of marital union, I am compelled to pause, not just to celebrate longevity, but to honour a love story that has survived trials, triumphed over tyranny, and blossomed into a partnership that continues to inspire generations.

I have always known them as love birds. It is almost impossible to engage Chief Dele Momodu in any meaningful conversation without the affectionate and respectful mention of his wife. He speaks of her not as an appendage to his success, but as its backbone, his confidant, his compass, and proudly, his “prayer warrior.” That alone speaks volumes in a world where gratitude within marriage is often whispered, if acknowledged at all.

Chief Mobolaji is kindness personified. Whenever I am privileged to be their guest whether at their warm Ikoyi home in Lagos or at public functions, her concern is constant and sincere. She will not sit comfortably until she is certain that everyone around her, especially her guests, is fine. That gentle strength, that instinctive compassion, defines her essence.

Yet, beyond her kindness lies courage. History will forever remember one defining moment on 25th July 1995 during the dark, oppressive days of General Sani Abacha’s dictatorship, a very heart-touching story. Strange, faceless men had come looking for Dele Momodu at their home. At the time, he was away in Ogun State. Without hesitation, His wife Mobolaji immediately sensed the danger coming when she suspected that those men could have been Abacha’s attack dogs. Highly cerebral young woman she was, she acted smartly by sneaking to trace the road the knew her husband was likely following to come back home. Luckily enough, she stopped him and raised the alarm. That single, decisive action changed the course of history.

Dele Momodu had already tasted detention for his pro-democracy stance where he was detained in Alagbon close. Now, he was being hunted again, this time in connection with the underground Radio Freedom, later renamed Radio Kudirat, in honour of the murdered activist Kudirat Abiola. Acting swiftly on his wife’s intuition and bravery, he disguised himself as a farmer and fled through the Seme border into Cotonou, Benin Republic. That escape marked the beginning of a three years exile in London, but also the preservation of a voice Nigeria could not afford to lose. That moment was not just the act of a wife, it was the intervention of destiny, executed through love.

In making that daring escape, Dele Momodu paid an enormous personal price. He left behind his only child in the care of his devoted wife and also his elderly mother in Ile-Ife, stepping into the uncertainty of exile with nothing but faith, conviction, and hope. That three years journey away from home would later prove transformative, culminating in the birth of Ovation International Magazine in London in April 1996, a global brand that would redefine African storytelling and project Nigerian excellence to the world. How Ovation emanated from Momodu’s rare bravery and risk taking is a another interesting story for another day.

Chief Dele Momodu has often shared that his earliest ambition was simple: to become a teacher, marry a teacher, and live happily thereafter . Fate, however, had grander plans. Their story began during their university days at the University of Ife (now Obafemi Awolowo University), where Dele earned a degree in Yoruba in 1982 and later a Master’s degree in English Literature in 1988. From humble beginnings in Ile-Ife, they embarked on a journey that would take them across mountains and valleys.

On their 30th wedding anniversary, Chief Dele Momodu described his wife as a “combination of brains and beauty”, a woman with whom he has “climbed mountains and descended valleys together.” Few statements capture the depth of partnership more profoundly.

Their marriage in December 1992, graciously bankrolled by the late Chief Moshood Kashimawo Olawale Abiola, Dele Momodu’s adopted father was not merely a union of two souls, but the convergence of purpose, principle, and providence.

After 33 years today, their union stands as a testament to what marriage should be: friendship strengthened by faith, love fortified by sacrifice, and partnership tested, and proven by history.

Beyond the public milestones and historic moments lies a quieter but equally profound achievement, the family they built together. Blessed with four sons whom I refer to as “the Momodu’s 4 effects”, Chief Dele Momodu and Chief Mobolaji Momodu have raised a generation that reflects the values of discipline, faith, and excellence that define their home.

As they celebrate this remarkable milestone, Nigeria celebrates with them. Their story reminds us that behind every courageous man is often a discerning, fearless woman, and behind every lasting marriage is mutual respect, unwavering loyalty, and shared vision.

Happy 33rd Wedding Anniversary to Chief Dele Momodu and Chief Mobolaji Aderamaja Momodu, a couple whose love did not merely survive time, but shaped it.

May the years ahead be gentler, brighter, and filled with the same grace that has defined the journey so far, in good health, wealth, happiness, fulfillment and massive blessings.

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

Opinion

Rebuilding the Pillars: A Comprehensive Blueprint for Overcoming Nigeria’s Leadership Deficit

Published

1 week ago

December 13, 2025

Eric

By Tolulope A. Adegoke, PhD

Systemic governance reform as the critical foundation for unlocking sustainable development and restoring national promise. “Nations are not built on resources, but on systems. Nigeria’s future rests not on changing leaders, but on transforming the very structures that create them” – Tolulope A. Adegoke, PhD

Introduction: The Leadership Imperative

Nigeria, often described as the “Giant of Africa,” stands at a pivotal moment in its historical trajectory. Possessing unparalleled human capital, vast natural resources, and a dynamic, youthful population, the nation’s potential remains paradoxically constrained by deeply embedded structural deficiencies within its leadership architecture. These systemic flaws—evident across political, corporate, and civic institutions—have created profound cracks that undermine public trust, stifle economic innovation, and impede the delivery of fundamental social goods. This leadership deficit is not merely a political inconvenience; it is the central bottleneck to national progress.

Addressing this challenge requires moving beyond cyclical criticism of individuals and towards a deliberate, strategic reconstruction of the systems that produce, empower, and hold leaders accountable. This blog post presents a holistic, actionable blueprint designed to seal these cracks permanently. It offers a pathway to cultivate a leadership ecosystem that is transparent, accountable, performance-driven, and ethically grounded, thereby delivering tangible possibilities for Nigeria’s people, empowering its corporate sector, and restoring its stature on the global stage.

Section 1: Diagnosing the Structural Cracks—A Multilayered Analysis

A precise diagnosis is essential for effective treatment. Nigeria’s leadership challenges are multifaceted and mutually reinforcing, stemming from three core structural failures.

1. The Governance Architecture Failure

The current system suffers from a fundamental contradiction: a hyper-centralized federal model that stifles local innovation and accountability. Critical institutions, including the Independent National Electoral Commission (INEC), the judiciary, and the civil service, frequently operate with compromised autonomy, inadequate technical capacity, and vulnerability to political interference. Furthermore, the intended checks and balances among the executive, legislative, and judicial branches have weakened, creating avenues for impunity and concentrated power that deviate from democratic principles.

2. The Leadership Pipeline Collapse

The mechanisms for recruiting and developing leaders are fundamentally broken. Political party structures too often prioritize patronage, loyalty, and financial muscle over competence, vision, and ethical fortitude. There exists no systematic, nationwide program for identifying, nurturing, and mentoring successive generations of public servants. This results in a recurring leadership vacuum and a deficiency of cognitive diversity at decision-making tables, limiting the range of solutions for national challenges.

3. The Integrity Infrastructure Erosion

Perhaps the most damaging crack is the erosion of public trust, fueled by opacity and impunity. Decision-making processes and public resource allocations are frequently shrouded in secrecy, while accountability mechanisms are rendered ineffective. The consistent weakness in enforcing ethical codes across sectors has allowed a culture of corruption to persist, which acts as a regressive tax on development, scuttles investor confidence, and demoralizes the citizenry.

Section 2: A Tripartite Framework for Sustainable Transformation

Lasting reform necessitates concurrent, mutually reinforcing interventions across three interconnected pillars.

Pillar I: Constitutional and Institutional Reformation

Implementing True Cooperative Federalism: It is imperative to undertake a constitutional review that clearly delineates responsibilities and revenue-generating authorities among federal, state, and local governments. This empowers subnational entities to become laboratories of development, tailored to local contexts, while fostering healthy competition in providing public services. Fiscal autonomy must be matched with enhanced capacity-building initiatives at the state and local government levels.

Fortifying Independent Institutions: Key democratic institutions require constitutional protection from executive and legislative overreach. This includes guaranteeing transparent, first-line funding from the Consolidated Revenue Fund and establishing rigorous, meritocratic panels for appointing their leadership. Strengthening bodies like the Code of Conduct Bureau and the Public Complaints Commission is equally vital.

Professionalizing the Political Space: Electoral reform must introduce systems like ranked-choice voting to encourage more issue-based, inclusive campaigning. Legislation should mandate demonstrable internal democracy within political parties, including transparent primaries and audited financial disclosures, to reduce the capture of parties by narrow interests.

Pillar II: Cultivating a Leadership Development Ecosystem

Establishing a Premier National School of Governance (NSG): Modeled on institutions like the Lee Kuan Yew School of Public Policy, a Nigerian NSG would serve as the apex institution for executive leadership training. Attendance for all senior civil servants, political appointees, and legislators should be mandatory, with curricula focused on strategic public administration, ethical leadership, complex project management, and national policy analysis.

Catalyzing a Corporate Governance Revolution: The Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC) must enforce stricter codes requiring diverse, independent, and technically competent boards. The private sector should be incentivized—through tax credits or preferential procurement status—to establish leadership fellowship programs that place high-potential private-sector executives into public sector roles for fixed terms, fostering cross-pollination of skills and perspectives.

Instituting a Presidential Leadership Fellowship (PLF): This highly selective, merit-based program would identify Nigeria’s most promising young talents (aged 25-35) from all fields—technology, agriculture, law, the arts—and place them in intensive two-year rotations across critical government agencies, private sector giants, and civil society organizations. This creates a nurtured cohort of future leaders with a national network and a deep understanding of systemic interconnections.

Pillar III: Architecting Robust Accountability & Performance Systems

Deploying a Digital Transparency Platform: A mandatory, open-access National Integrated Governance Portal (NIGP) should display in real-time the status, budget, and contractor details of every major public project. Strategic use of blockchain technology can create immutable records for procurement contracts and resource distribution, significantly reducing opportunities for diversion.

Empowering Oversight and Consequence: Anti-corruption agencies require not only independence but also enhanced forensic capacity and international collaboration. Performance tracking must extend to the judiciary and legislature; publishing annual scorecards on case clearance rates, legislative productivity, and constituency impact can drive public accountability.

Embedding a Culture of Results: All government ministries, departments, and agencies (MDAs) must operate under a National Key Results Framework (NKRF). This performance contract system would define clear, measurable quarterly deliverables tied to national development plans. Autonomy and discretionary funding should be increased for MDAs that consistently meet targets, while underperformance triggers mandatory restructuring and leadership review.

Section 3: The Indispensable Cultural Reorientation

Technocratic fixes will fail without a parallel cultural shift that venerates service and integrity.

Embedding Ethics from Foundation: A redesigned national curriculum, from primary through tertiary education, must integrate civic ethics, critical thinking, and Nigeria’s constitutional history to build an informed citizenry that values good governance.

Launching a “Service Nation” Campaign: A sustained, multi-platform national campaign, developed in partnership with respected cultural, religious, and traditional institutions, should celebrate role models of ethical leadership and reframe public service as the nation’s highest calling.

Enacting Ironclad Whistleblower Protections: Comprehensive legislation must be passed to protect whistleblowers from all forms of retaliation, including provisions for anonymous reporting, physical protection, and financial rewards, aligning with global best practices to encourage exposure of malfeasance.

Section 4: A Practical, Phased Implementation Roadmap (2025-2035)

Phase 1: The Foundation Phase (Years 1-3)

Convene a National Constitutional Dialogue involving all tiers of government, civil society, and professional bodies.

· Establish the Nigerian School of Governance (NSG) and inaugurate the first cohort of the Presidential Leadership Fellowship (PLF).

· Pilot the National Integrated Governance Portal (NIGP) in the Ministries of Health, Education, and Works.

Phase 2: The Integration & Scaling Phase (Years 4-7)

· Enact and begin implementation of the new constitutional framework on fiscal federalism.

· Graduate the first NSG cohorts and embed training as a prerequisite for promotions.

· Roll out the NKRF performance contracts across all federal MDAs and willing pilot states.

Phase 3: The Consolidation & Maturation Phase (Years 8-12)

· Conduct a comprehensive national review, assessing improvements in governance indices, citizen trust metrics, and economic competitiveness.

· Establish Nigeria as a regional hub for leadership training, offering NSG programmes to other African nations.

· Institutionalize a self-sustaining cycle where performance culture and ethical leadership are the unquestioned norms.

Conclusion: Forging a New Path of Leadership

The task of sealing the cracks in Nigeria’s leadership foundation is undeniably monumental, yet it is the most critical work of this generation. It demands a departure from transactional politics and short-term thinking toward a covenant of nation-building. The integrated blueprint outlined here—combining institutional redesign, leadership cultivation, technological accountability, and cultural renewal—provides a viable pathway.

This is not a call for perfection, but for systematic progress. By committing to this journey, Nigeria can transform its governance from its greatest liability into its most powerful asset. The outcome will be a nation where trust is restored, innovation flourishes, and every citizen has a fair opportunity to thrive. The resources, the intellect, and the spirit exist within Nigeria; it is now a matter of courageously building the structures to set them free.

Dr. Tolulope Adeseye Adegoke is a distinguished scholar-practitioner specializing in the intersection of African security, governance, and strategic leadership. His expertise is built on a robust academic foundation—with a PhD, MA, and BA in History and International Studies focused on West African conflicts, terrorism, and regional diplomacy—complemented by high-level professional credentials as a Distinguished Fellow Certified Management Consultant and a Fellow Certified Human Resource Management Professional.

A recognized thought leader, he is a Distinguished Ambassador for World Peace (AMBP-UN) and has been honoured with the African Leadership Par Excellence Award (2024) and the Nigerian Role Models Award (2024), alongside inclusion in the prestigious national compendium “Nigeria @65: Leaders of Distinction.”

Dr. Adegoke’s unique value lies in synthesizing deep historical analysis with practical management frameworks to diagnose systemic institutional failures and design actionable reforms. His work is dedicated to advancing ethical governance, strategic human capital development, and sustainable nation-building in Africa and the globe. He can be reached via: tolulopeadegoke01@gmail.com & globalstageimpacts@gmail.com