Opinion
Another 27th August Has Slipped By
Published
7 months agoon
By
Eric
By Bashorun JK Randle
Memory can be deceptive and unreliable. Consequently, the date 27th August may have little resonance for most Nigerians as they go about their daily struggle for survival in a most daunting economic environment combined with the ding-dong of political turmoil.
Regardless, 27th August, 1985 is a date some of us will never forget – not out of choice but on account of a huge gamble with death, albeit unknowingly.
Let us wind the tape back. Without any warning (except amongst the more discerning) towards the end of Ramadan – a period of utmost sanctity to moslems – Brigadier Joshua Dongoyaro was on radio and television to deliver a special message, with the opening line:
“Fellow countrymen,”
I, Brigadier Joshua Nimyel Dogonyaro, of the Nigerian Army, hereby make the following declaration on behalf of my colleagues and members of the Nigerian Armed Forces. Fellow countrymen, the intervention of the military at the end of 1983 was welcomed by the nation with unprecedented enthusiasm.
Nigerians were united in accepting the intervention and looked forward hopefully to progressive changes for the better. Almost two years later, it has become clear that the fulfilment of expectations is not forthcoming. Because this generation of Nigerians and indeed future generations have no other country but Nigeria, we could not stay passive and watch a small group of individuals misuse power to the detriment of our national aspirations and interest.
No nation can ever achieve meaningful strides in its development where there is an absence of cohesion in the hierarchy of government; where it has become clear that positive action by the policy makers is hindered because as a body it lacks a unity of purpose.
It is evident that the nation would be endangered with the risk of direction. We are presently confronted with that danger.
In such a situation, if action can be taken to arrest further damage, it should and must be taken. This is precisely what we have done.
The Nigerian public has been made to believe that the slow pace of action of the Federal Government headed by Major-General Muhammadu Buhari was due to the enormity of the problems left by the last civilian administration.
Although it is true that a lot of problems were left behind by the last civilian government, the real reason, however, for the very slow pace of action is due to lack of unanimity of purpose among the ruling body; subsequently, the business of governance, has gradually been subjected to ill-motivated power play considerations. The ruling body, the Supreme Military Council, has, therefore, progressively been made redundant by the actions of a select few members charged with the day to day implementation of the SMC’s policies and decisions.
The concept of collective leadership has been substituted by stubborn and ill-advised unilateral actions, thereby destroying the principles upon which the government came to power. Any effort made to advise the leadership, met with stubborn resistance and was viewed as a challenge to authority or disloyalty. Thus the scene was being set for systematic elimination of what, was termed opposition.
All the energies of the rulership were directed at this imaginary opposition rather than to effective leadership. The result of this misdirected effort is now very evident in the country as a whole.
The government has started to drift. The economy does not seem to be getting any better as we witness daily increased inflation. The nation’s meager resources are once again being wasted on unproductive ventures.
Government distanced itself from the people and the yearnings and aspirations of the people as constantly reflected in the media have been ignored.
This is because events have shown that the present composition of our country’s leadership cannot, therefore, justify its continued occupation of that position.
Furthermore, the initial objectives and programmes of action which were meant to have been implemented since the ascension to power of the Buhari Administration in January 1984 have been betrayed and discarded.
The present state of uncertainty and stagnation cannot be permitted to degenerate into suppression and retrogression. We feel duty bound to use the resources and means at our disposal to restore hope in the minds of Nigerians and renew aspirations for a better future.
We are no prophets of doom for our beloved country, Nigeria. We, therefore, count on everyone’s cooperation and assistance. I appeal to you, fellow countrymen, particularly my colleagues in arms to refrain from any act that will lead to unnecessary violence and bloodshed among us. Rest assured that our action is in the interest of the nation and the armed forces.
In order to enable a new order to be introduced, the following bodies are dissolved forthwith pending further announcements:
(a) The Supreme Military Council
(b) The Federal Executive Council
(c) The National Council of States.
All seaports and airports are closed, all borders remain closed. Finally a dusk to dawn curfew is hereby imposed in Lagos and all state capitals until further notice.
All military commanders will ensure effective maintenance of law and order. Further announcements will be made in due course. God bless Nigeria.”
Most of the audience readily completed the rest on their own!! We had gotten used to military coup d’états. The only difference this time was that it was the military toppling their own government headed by Major-General Muhammadu Buhari. His deputy, the Chief of Staff Supreme Headquarters Major-General Tunde Idiagbon who was generally perceived as the strongman behind the throne had been sold a dummy. He was lured into undertaking the pilgrimage to Mecca, Saudi Arabia, just to get him out of the way.
Till today, his loyalists swear that if Idiagbon was in the country, the coup plotters would not have dared to strike. If they did, it would have been the bloodiest counter-coup in the history of military putsch in the world. The news soon leaked that General Buhari had granted approval to General Idiagbon to the effect that on his return from Saudi Arabia, the Supreme Military Council would immediately announce the retirement of Major-General Babangida as Chief of Army Staff.
Dongoyaro’s announcement came at dawn followed by intermittent announcements that we should await further announcements. Going by what prevailed in Lagos, the shock of dismantling a government that was barely eighteen months old was somewhat mitigated by relief that the guilty and the innocent would be saved from the harsh measures which had been imposed by the Buhari/Idiagbon regime. Some even jubilated that the draconian penalties for the looting of the public treasury or political misadventure had crashed.
Anyway, by 7pm it was then Brigadier Sani Abacha, the General Officer Commanding the Second Division of the Nigerian Army, based in Ibadan who confirmed that the Buhari/Idiagbon regime had been removed and we should await further announcements.
In faraway Rio de Janeiro, Brazil a friend of mine called to say that he was staying in the same hotel as Lt General TY Danjuma who on learning that the government had changed in Nigeria coolly declared straightaway:
“Ibrahim Babangida is going to be the new Head of State. It is his boys who are behind the coup.”
He was right on the bottom. It was a pre-emptive strike.
The active participation and presumed leadership of the coup by the erstwhile Chief of Army Staff, Major-General Ibrahim Babangida (“IBB”) set off the alarm bells. Some of my friends were in panic as they remembered that only a few days earlier IBB had invited me to – Minna, Niger State as his Guest Speaker at the Chief of Army Staff Conference under the auspices of TRADOC” (which I believe stands for Training and Doctrine) then headed by Brigadier Ishola-Williams.
The venue of the conference was the Shiroro Hotel where we lodged for three days. Colonel David Mark who was then the Military Governor of Niger State was the host. Unknown to me, the conference was a camouflage for coup plotting!!
David Mark rose to become Minister of Communications as well as a Senator of the Federal Republic of Nigeria. Indeed, he is now the President of the Senate and the “number 3” citizen (after the President and Vice-President).
Brigadier Ishola Williams has since retired from the army after a spell as a feisty anti-corruption crusader. I understand he has a position in the United Nations and is now based in New York.
Anyway, the only other civilians at the Minna conference were Chief MKO Abiola who would eventually win the 1993 presidential election and Professor Isawa Elaigwu who was then serving at the Military Defence Academy in Kaduna and had been a contemporary of IBB at the academy while then Brigadier Ibrahim Babangida was a lecturer/instructor.
By 9 pm Abacha was back on the air. This time the announcement was short and sharp. “Major-General Ibrahim Babangida has been appointed as the new Head of State and Commander-In-Chief Armed Forces of Nigeria.”
While some were jubilating that the general with the ready smile and gap in his teeth had emerged as the new leader, others panicked that should the coup fail heads would roll; and matters could become bloody and messy. This was no picnic or tea party. The stakes were very high indeed.
As usual a curfew had been announced. It would last till dawn. In any case, there was little evidence of resistance or a counter-coup. Regardless, it was a sleepless night combined with anxiety over the direction the new regime would follow.
Most of the telephone lines had been cut (or disabled) but somehow news started filtering through that the former Head of State, Major-General Muhammadu Buhari had been arrested by a detachment of soldiers led by then Lt Colonel Lawan Gwadabe a Babangida loyalist. It was the “Daily Times” which would confirm that Gwadabe formally saluted Buhari before announcing:
“You are under arrest, Sir.”
“No problem. I have been waiting for you.” That was the stoic response by Buhari.
Within a matter of days the roles played by junior officers – Major Abdulmumin, Major Dangiwa Umar; Major Tunde Ogbeha; etc would dominate the grapevine.
Anyway, for me it was a great shock that come the following day the group of triumphant senior military officers that assembled at Bonny Camp Military Cantonment on Victoria Island, Lagos to sing
“Hail to the Chief”
were those same officers who were with IBB in Minna — namely, Major Anthony Ukpo; Brigadier Joshua Dongoyaro; Colonel John Shagaya (who is now a Senator); Colonel Tanko Ayuba; Colonel Haliru Akilu; Major General Sani Abacha; Brigadier Aliyu Mohammed; Navy Commander Murtala Nyako, Lt Colonel Ahmed Abdullahi’ Colonel Abubakar Umar.
Announcements were soon made that before the day was over the new Head of State and Commander-In-Chief of the Armed Forces of Nigeria would address an international press conference followed by an address to the nation on radio and television.
Subsequently, news filtered out that the new boss would opt for “President of Nigeria” as his formal title rather than Military Head of State.
Equally, remarkable was that on his first day in office the new President ordered the release of politicians who had been clamped into detention in various jails all over the country for allegedly looting the treasury, financial crimes, chicanery, fraud, etc. The victims preferred to go home quietly rather than protest their innocence and insist on proper trial for whatever offences had been conjured up against them.
Two days after the coup, several newspapers carried a front page report to the effect that the new Head of State had on his first day in office instructed the Inspector-General of Police, Alhaji Muhammadu Gambo Jimeta to release from detention at Alagbon, Yaba and Awolowo Road, Ikoyi those who were being held by the previous regime for serious drug offences. Their names were listed. They quietly found their way home. Like the politicians who were released, they did not insist on proper trial for the offences they were alleged to have committed. The Buhari/Idiagbon regime had made it patently clear that they intended to impose the death penalty for drug offences. As for the super musician Fela Anikulapo Ransome-Kuti who was being held for currency offences, he was not released until after a month.
The rest is now history. President Ibrahim Badamasi Babangida ruled from August 27, 1985 to August 26, 1993 when he stepped aside. This is the right time to properly assess the gap-toothed general who dazzled us all when he delivered his seminar treatise at Eko Hotel Gold Medal Lecture in June 1985. It was a stunning notice to the international community and the rest of us that he was an exceptional Chief of Army Staff, the post he held under the Buhari/Idiagbon regime.
Bashorun JK Randle is a former President of the Institute of Chartered Accountants of Nigeria (ICAN) and former Chairman of KPMG Nigeria and Africa Region. He is currently the Chairman, JK Randle Professional Services.
Email:jkrandleintuk@gmail.com
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Opinion
Open Letter to British Prime Minister, Sir Keir Starmer by Gold Emmanuel
Published
2 days agoon
March 23, 2026By
Eric
I. THE LETTER
To: The Rt Hon Sir Keir Starmer KCB KC MP
10 Downing Street
London
Sir Keir,
I hope this letter finds you in jubilant spirit. My name is Gold Emmanuel, and although we have never met, your recent conduct has made this correspondence unavoidable. I will cut straight to the chase without further ado.
History will likely remember you as the first British Prime Minister in the modern era to master the art of flogging a dead horse. During President Tinubu’s March 2026 state visit, the first by a West African leader in thirty‑seven years, you revived a brand of colonial‑era mercantilism that even your predecessors had the sense to leave in the archives. From the moment the Nigerian delegation was ushered from Heathrow with choreographed warmth, to the meticulously staged Windsor banquet with its polished silver, curated smiles and diplomatic theatre, you created the illusion of mutual respect. Yet beneath the chandeliers and velvet tablecloths, you were quietly engineering a £746 million export finance deal designed not to uplift Nigeria, but to resuscitate Britain’s faltering industrial strategy.
The “dead horse” here is the illusion of a partnership of equals. A clinical examination of the Lagos and Tin Can Island port refurbishment contract exposes the gaping loopholes your government has exploited:
– The British Steel Loophole: By ring‑fencing £236 million of the credit for British firms, including a record £70 million lifeline for Scunthorpe‑based British Steel, you ensured that the “loan” never actually leaves the UK. You are flogging the dead horse of Nigeria’s already “red” coffers to resurrect British manufacturing, forcing Nigeria to pay interest on a domestic subsidy disguised as “international development.”
– The Sovereign Risk Vacuum: Instead of genuine private‑sector investment, your administration deployed a Buyer Credit Facility via Citibank, guaranteed by UK Export Finance (UKEF). This ensures the UK is made whole by the Nigerian taxpayer regardless of project success, an extractive model that makes even the most rigid conditionalities of the 1980s appear benevolent.
– The Port‑for‑People Trade: In a move that marks a moral nadir, you tied infrastructure credit to an expedited migration pact. By compelling Nigeria to recognise “UK Letters” for swift deportations, you effectively traded 120,000 tonnes of steel billets for the right to return vulnerable people to a conflict zone.
This migration pact is not merely “sleeky”; it is a calculated circumvention of the 1951 Refugee Convention. By institutionalising “UK Letters,” identification documents issued solely by your Home Office, you have bypassed Article 33, which prohibits refoulement: The forcible return of individuals to territories where they face threats to life or freedom. Your “Expedited Return Protocols” further violate the Convention’s requirement for individualised, non‑discriminatory assessment. You have created a legal loophole that enables mass removals before claims can be judicially reviewed, in direct defiance of the UNHCR’s global mandate.
To understand the true cost of your “success,” one must look beyond the silver service of Windsor to the scorched earth of Kwara State. In February 2026, the Woro and Nuku massacres, the deadliest jihadist attacks outside the North East in a decade, left more than 200 dead and 38 kidnapped. While you discussed “port efficiencies,” Nigerian children were being abducted by the JAS terror group. Your migration pact ignores UNHCR guidance, which expressly forbids the forced return of civilians to regions where they face a real risk of serious harm. You demand “order at the border” while Nigeria faces its deadliest insurgency in years.
The predatory nature of your policy is now unmistakable. You have designed a system to take their money, to make them permanent debtors, and then to deport their citizens into a void of nothingness. You have ensured that the Nigerian treasury is bled dry to support Scunthorpe’s furnaces, while the human beings who sought refuge in Britain are discarded back into the very “virtual vice” of terror, where 1,258 people were slaughtered in the first six weeks of 2026 that they sacrificed everything to escape.
Compared with your predecessors, the cynicism of your approach is staggering. Even under the rhetoric of Empire, there was at least a pretence of building institutions. Under your leadership, the relationship has been reduced to a transaction i.e. Nigeria takes the debt, the UK takes the steel orders and the Nigerian diaspora takes the fall. You have managed to be more extractive than the Conservatives and more indifferent to human rights than the pragmatists of the 1990s.
The “sleeky lender” has indeed found its “clumsy borrower,” but the reverse burden lies at your doorstep. It is not for the Nigerian villager to prove they are in danger; it is for your government to explain how a £70 million steel contract justifies the refoulement of human beings into a war zone. You are not building a bridge between nations; you are constructing a one‑way track for British capital, paved with the discarded dignity of the Nigerian people.
And so, Sir Keir, let us dispense with the pretence. A banquet does not make a partnership. A warm reception does not make a fair deal. And no amount of silverware can disguise a policy architecture built on extraction, dispossession and political convenience. You have chosen the short‑term profit of a loan shark over the long‑term integrity expected of a global leader. History will record it accordingly.
I attach a petition for your perusal before its public release.
II. THE PETITION
PETITION TO THE PARLIAMENT OF THE UNITED KINGDOM
Subject: Urgent Inquiry into the Ethical and Legal Viability of the UK–Nigeria Export Finance and Migration Partnership
WE, THE UNDERSIGNED, concerned observers and citizens, petition the Government to immediately suspend the migration provisions attached to the £746 million UKEF port refurbishment deal with Nigeria.
PETITION GROUNDS
– Violation of International Law: The use of “UK Letters” to bypass sovereign passport verification directly contravenes Article 33 of the 1951 Refugee Convention and undermines the principle of non‑refoulement.
– Unfair Contractual Terms: The “British Steel” ring‑fencing clause constitutes an unethical use of export finance, forcing a developing nation to assume high‑interest debt to subsidise UK domestic industry.
– Security Risk Misalignment: Enforcing deportations while Nigeria remains in a state of high‑intensity insurgency, evidenced by the 2026 Woro and Nuku massacres, is a breach of the UK’s duty of care and human rights obligations.
– Detrimental Financial Implication: The commission and interest structures represent predatory lending. The “sleeky lender” (UK) bears zero project risk while the “clumsy borrower” (Nigeria) mortgages its primary maritime assets, on terms your own Government condemns in loan‑sharking legislation.
ACTION REQUESTED
We call for a full Parliamentary Select Committee inquiry into the “Port‑for‑People” trade‑off and the immediate cessation of forced removals to Nigeria until a full, independent security assessment is completed.
III. PRESS‑READY PUBLIC STATEMENT
For media, civil society and public circulation.
FOR IMMEDIATE RELEASE
UK–Nigeria Deal Condemned as “Port‑for‑People Trade‑Off” in Explosive Open Letter to Prime Minister
Gold Emmanuel has issued a blistering open letter to Prime Minister Sir Keir Starmer, accusing his government of reviving colonial‑era mercantilism under the guise of a £746 million export finance deal with Nigeria. The letter alleges that:
– Britain ring‑fenced £236 million for UK firms, including £70 million for British Steel
– The deal forces Nigeria to assume debt for what is effectively a UK domestic subsidy
– The migration pact attached to the deal violates the 1951 Refugee Convention
– Deportations are being accelerated despite escalating jihadist violence in Nigeria
A petition has been submitted to Parliament calling for:
– Suspension of all deportations to Nigeria
– A Select Committee inquiry
– A full review of the UK’s use of “UK Letters” for forced removals
“This is not partnership,” Emmanuel writes. “It is extraction dressed as diplomacy.”
IV. PARLIAMENTARY BRIEFING NOTE
For MPs, Lords, Select Committees.
BRIEFING: UK–Nigeria Export Finance & Migration Partnership
Key Issues:
– Legal: Potential breach of Article 33 of the Refugee Convention
– Financial: UKEF structure shifts all risk to Nigeria
– Industrial: £236m ring‑fenced for UK suppliers
– Security: Deportations to active conflict zones
– Ethical: Migration conditionality tied to infrastructure credit
Recommendation: Immediate Select Committee inquiry and suspension of removals pending security assessment.
V. INTERNATIONAL HUMAN RIGHTS SUBMISSION VERSION
For UNHCR, OHCHR, Amnesty, HRW.
SUBMISSION: UK–Nigeria Migration Protocol and Risk of Refoulement
The UK’s use of “UK Letters” for expedited removals to Nigeria constitutes:
– A circumvention of Article 33 (non‑refoulement)
– A violation of the requirement for individualised risk assessment
– A breach of UNHCR guidance on returns to conflict zones
The situation in Kwara State and the Middle Belt demonstrates a real risk of serious harm, making forced returns unlawful under international human rights standards.
Requested Action:
Urgent review and public statement from relevant bodies.
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Opinion
Why Investing in People Outperforms Every Resource on Earth
Published
4 days agoon
March 21, 2026By
Eric
By Tolulope A. Adegoke, PhD
“The truest measure of a nation’s riches lies not in the depths of its mines or the breadth of its fields, but in the minds, hearts, and hands of its people—created in divine image, called to steward creation, and destined to multiply possibilities through faithful cultivation and wise leadership.” – Tolulope A. Adegoke, PhD
In an era defined by finite natural resources, rapid technological change, and global interdependence, a profound truth resonates across philosophy, faith, economics, and management: the greatest wealth is not buried beneath the earth in minerals, oil, or soil, but stands upon it in the form of human beings. This perspective challenges the traditional fixation on extractive riches and redirects attention to the living, creative, and relational capacity of people. Far from a poetic sentiment, it represents a divinely ordained reality, empirically validated across nations, and strategically indispensable for unlocking possibilities at every level of human endeavor—among individuals and communities (peoples), within corporations, and across entire nations.
This comprehensive examination draws upon timeless biblical revelation, rigorous empirical data from global institutions such as the World Bank and the Institute for Economics and Peace, and established principles from strategic management theory to demonstrate that humans constitute the ultimate resource. As stewards created in the image of God, people possess inherent dignity, creativity, and dominion that no mineral deposit or fossil fuel can replicate. Investing in human potential—through education, health, skills, and ethical empowerment—yields exponential returns that transcend material extraction and deliver sustainable prosperity, innovation, and resilience.
Biblical Foundations: Humans as God’s Image-Bearers and Vicegerents
The scriptural narrative establishes human beings as the pinnacle of creation and the greatest earthly asset long before modern economics articulated the concept. In Genesis 1:26–28, God declares, “Let us make man in our image, after our likeness. And let them have dominion over the fish of the sea and over the birds of the heavens and over the livestock and over all the earth and over every creeping thing that creeps on the earth.” This declaration is not incidental; it links the imago Dei—the image of God—with the mandate of dominion. Humans are entrusted with responsible stewardship over creation precisely because they reflect divine attributes: rationality, creativity, relationality, moral agency, and purposeful productivity.
This truth is echoed in Psalm 8:4–6, where the psalmist marvels, “What is man that you are mindful of him, and the son of man that you care for him? Yet you have made him a little lower than the heavenly beings and crowned him with glory and honor. You have given him dominion over the works of your hands.” Humanity’s crowning with glory underscores intrinsic worth that far surpasses any natural resource. Unlike oil reserves that deplete or mineral veins that exhaust, human potential compounds through generations when nurtured.
The New Testament reinforces this dignity. Jesus’ teachings, such as the Parable of the Talents in Matthew 25:14–30, portray God as entrusting resources to servants for multiplication through faithful stewardship—symbolizing the investment in human capacity rather than hoarding material wealth. The apostle Paul further affirms in Colossians 3:10 that believers are renewed “in knowledge after the image of its creator,” emphasizing ongoing development of the mind and spirit. These passages collectively reveal that God ordained humans—not the ground beneath them—as the primary vehicle for realizing creation’s possibilities. Dominion is exercised not through exploitation but through creative cultivation, innovation, and relational justice, making every person a living repository of divine potential.
Empirical Evidence: Human Capital as the Driver of Productivity and National Prosperity
Contemporary data unequivocally validate this ancient insight. The World Bank’s Human Capital Index Plus (HCI+) 2026 report provides compelling global evidence that human development accounts for up to two-thirds of cross-country income differences. The index measures the expected productivity of a child born today based on health, education, and employment outcomes extending to age 65. Striking disparities emerge: GDP per hour worked in the world’s ten most productive countries exceeds that of the ten least productive nations by more than thirty times. These gaps stem not primarily from natural resource endowments but from deficits in nutrition, learning, and workforce skills.
The report reveals sobering realities: 86 out of 129 low- and middle-income countries experienced stagnation or regression in key human capital components between 2010 and 2025. Deficits in these areas are projected to cost children born today approximately half of their potential future earnings. Conversely, countries that prioritize human investment outperform expectations relative to their GDP per capita. High relative performers include Vietnam, India, Malaysia, Jamaica, Kenya, and the Kyrgyz Republic—nations that have leveraged education, health, and skills to drive growth despite modest natural resources.
This pattern refutes the “resource curse” documented in seminal studies, such as Jeffrey Sachs and Andrew Warner’s 1997 analysis, which found that economies heavily dependent on natural resource exports in 1970 grew more slowly over subsequent decades. In contrast, resource-scarce yet human-rich nations have achieved remarkable transformations. South Korea’s economic miracle from 1960 to 1979 was propelled by massive investments in education and productivity rather than physical capital alone. Human capital and total factor productivity explained growth per worker comparably to physical investments, enabling the country to rise from post-war poverty to global industrial leadership without significant mineral wealth.
Singapore offers an equally compelling case. With virtually no natural resources, it achieved a 2023 Human Development Index of 0.946 (ranking among the world’s highest) through deliberate policies in education, healthcare, and skills development. Its transformation from a trading port to a knowledge-based economy illustrates how human ingenuity creates value where raw materials cannot. Japan and Israel similarly demonstrate resilience: Japan rebuilt after World War II through human capital intensity, while Israel—often called the “Start-Up Nation”—thrives on innovation ecosystems fueled by educated citizens despite arid land and limited conventional resources.
Longitudinal cross-country analyses, including Robert Barro’s 1991 study on economic growth, consistently show that higher human capital (measured by schooling and health) correlates with elevated investment rates, lower fertility (enabling demographic dividends), and sustained GDP growth. These empirical patterns confirm that humans are not merely consumers of resources but creators who multiply value exponentially.
Professional Management and Strategic Evidence: Humans as the VRIO Source of Competitive Advantage
Strategic management theory elevates this empirical reality into actionable frameworks. Gary Becker’s pioneering Human Capital (1964, expanded 1975 and 1993) treated education, training, and health as investments analogous to physical capital. Becker demonstrated that such investments yield measurable returns in earnings, productivity, and national growth—explaining the “residual” in economic models that physical capital and labor alone could not account for. Organizations and societies that systematically enhance human capabilities realize compounding advantages.
Peter Drucker, the father of modern management, famously observed in the late 20th century that “the most valuable assets of a 20th-century company were its production equipment. The most valuable asset of a 21st-century institution… will be its knowledge workers and their productivity.” Drucker foresaw the shift to a knowledge economy where human intellect, creativity, and adaptability become the decisive factors. In today’s context of artificial intelligence and digital transformation, this insight has only intensified: technology amplifies human potential but cannot replace the judgment, innovation, and relational intelligence that define knowledge work.
The Resource-Based View (RBV) of the firm, formalized by Jay Barney in his 1991 seminal paper “Firm Resources and Sustained Competitive Advantage,” provides the strategic capstone. According to RBV, resources deliver sustained advantage when they are Valuable, Rare, Inimitable, and Organized (VRIO). Human capital frequently satisfies all four criteria: it is valuable for generating economic rents; rare in its unique combinations of skills and experience; difficult to imitate due to path-dependent development and tacit knowledge; and organizable through culture, leadership, and systems. Empirical assessments of RBV confirm that firms prioritizing talent development outperform peers reliant on tangible assets. Companies such as Microsoft under Satya Nadella or Google (Alphabet) have achieved market dominance not through superior physical infrastructure but through relentless investment in attracting, developing, and retaining exceptional human talent.
Indispensable Roles: Delivering Possibilities Across Peoples, Corporations, and Nations
At the level of peoples (individuals and communities), humans as the greatest resource translate divine image-bearing into personal agency and collective uplift. Education and health investments empower individuals to exercise dominion creatively—innovating solutions, building families, and fostering communities. Empirical returns are clear: each additional year of schooling can increase individual earnings by 8–10 percent globally, while healthy populations contribute to demographic dividends that accelerate societal progress.
In corporations, strategic human capital management drives innovation, adaptability, and stakeholder value. Talent-centric organizations cultivate cultures of continuous learning, psychological safety, and ethical purpose. They outperform asset-heavy competitors by leveraging knowledge workers to navigate disruption, as evidenced in Deloitte’s 2026 Global Human Capital Trends, which highlight that competitive advantage increasingly depends on human-edge scaling amid AI proliferation. Corporations that treat employees as investments rather than costs achieve higher engagement, retention, and long-term profitability.
For nations, human resource development constitutes the foundation of sovereignty, resilience, and inclusive growth. Policies that prioritize universal health, quality education, and lifelong skills—aligned with the World Bank’s HCI+ recommendations—reduce inequality, mitigate shocks (from pandemics to climate events), and position countries for participation in the global knowledge economy. Nations ignoring this reality risk stagnation, while those embracing it, as Singapore and South Korea have, convert human potential into geopolitical influence and shared prosperity.
Relevance to All-Round Leadership and Global/National Security: Empirical Foundations and Strategic Imperatives
The recognition of humans as the greatest wealth extends profoundly into the realm of all-round leadership and security, where human capital emerges as the indispensable foundation for holistic governance, resilience, and sustainable peace. All-round leadership—integrating self-mastery, visionary foresight, relational wisdom, strategic execution, team alignment, and ethical integrity—cannot flourish in isolation from a well-nurtured populace. Biblical leadership models, such as Nehemiah’s reconstruction of Jerusalem’s walls (Nehemiah 4–6), illustrate this synergy: wise, prayerful, and inclusive leadership combined with empowered citizens to restore both physical and spiritual security. Proverbs 29:18 reinforces the principle: “Where there is no vision, the people perish,” underscoring that visionary leaders depend on developed human potential to translate ideals into enduring stability.
Empirically, the Institute for Economics and Peace’s Global Peace Index 2025 and its Positive Peace framework provide robust international-standard evidence. Positive Peace comprises eight interconnected pillars that build resilience and prevent conflict, one of which is explicitly “High Levels of Human Capital.” This pillar—centered on education, skills, and health—shows one of the strongest positive correlations with overall peacefulness, well-functioning government, low corruption, and equitable resource distribution. Countries ranking high on the Human Capital Index consistently occupy the top positions in the Global Peace Index: Iceland, New Zealand, and the Nordic nations demonstrate how sustained investment in people generates not only economic vitality but also societal cohesion and institutional trust that underpin national security.
In contrast, nations trapped in the resource curse—rich in minerals yet deficient in human capital—exhibit heightened insecurity, including internal conflict, governance fragility, and vulnerability to external shocks. The IEP data reveal that improvements in human capital are among the most powerful predictors of sustained Positive Peace, enabling societies to absorb geopolitical, cyber, or environmental disruptions without descending into violence. The World Economic Forum’s Global Risks Report 2026 and Global Cybersecurity Outlook 2026 further corroborate this: human talent gaps exacerbate cyber vulnerabilities, supply-chain fragility, and leadership deficits in crisis response. Organizations and nations with robust human capital pipelines, by contrast, exhibit superior resilience through adaptive leadership and collective intelligence.
Strategically, all-round leadership thrives when human resources are cultivated as the primary asset. Harvard Business Impact’s 2025 Global Leadership Development Study highlights that organizations prioritizing human capital development produce leaders who excel in navigating volatility, fostering innovation, and upholding ethical standards—precisely the qualities required for 21st-century security challenges. At the national level, this translates into comprehensive security: not merely military defense but human security encompassing economic stability, food sovereignty, cyber defense, and social harmony. Singapore’s transformation and Israel’s innovation-driven defense ecosystem exemplify how human-centered strategies convert potential vulnerability into strategic strength. Investing in people thus becomes both a divine mandate and a pragmatic security imperative, creating resilient leaders and societies capable of stewarding peace amid uncertainty.
Conclusion: A Divine and Strategic Imperative for Investment
The greatest wealth is indeed not in the ground but on the ground—embodied in every human life created in God’s image. Biblical revelation affirms this dignity and dominion; empirical data from the World Bank’s HCI+ 2026, the Institute for Economics and Peace’s Global Peace Index 2025, and decades of econometric research demonstrate its productivity, leadership, and security dividends; and strategic frameworks from Becker, Drucker, and Barney prove its competitive necessity. Across individuals, corporations, nations, leadership, and security architectures, humans deliver possibilities that no extractive industry can match: innovation that solves intractable problems, relationships that build trust and cohesion, visionary governance that prevents conflict, and stewardship that sustains creation for future generations.
The call to action is both spiritual and pragmatic: invest sacrificially in people through education, healthcare, ethical leadership development, inclusive opportunity, and Positive Peace-building initiatives. In doing so, societies honor their Creator, unlock exponential value, fulfill the dominion mandate responsibly, and fortify all-round leadership and security in an interdependent world. In a world tempted by short-term extraction, the timeless truth endures—true riches walk upon the ground, bearing the image of God and the potential to transform everything they touch. Nations, organizations, and communities that recognize and cultivate this reality will not merely survive but flourish, leaving legacies of abundance, wise leadership, and enduring peace for generations yet to come.
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
My Dear Brother, Dele Momodu by Segun Adeyemi
Published
4 days agoon
March 21, 2026By
Eric
Permit me to go straight to the heart of this message.
I can no longer pretend that I have not been following the deeply troubling and increasingly vile exchanges involving you and others in recent times.
What has now become a public brawl is unfolding on social media, an arena without boundaries, without gatekeepers and, it would seem, without red lines.
Social media is a most unforgiving theatre. Whatever is said there acquires a troubling permanence.
Long after we are gone, generations yet unborn need only type a name, and every word, spoken or hurled, rises again, fresh and unrelenting.
Should that not give us pause?
Should it not compel restraint in what we say, and even in what we choose to dignify with a response?
Of all those caught in this fray, you are the one I know, and have known for a very long time.
Our friendship dates back to 1977, a year before we gained admission into UNIFE. We worked together then as clerical officers in the University Library under Mr. Dipeolu (I hope I got that right. If I didn’t, I can be forgiven. It’s almost half a century ago).
That was long before fame found you. You were grounded, witty, perceptive and street-smart, yet deeply studious. Innovative. Brilliant. We competed, not in vanity, but in intellect, over the books we had read, the ideas we had encountered.
And we read, voraciously. How could we not, with the rare privilege of unfettered access to a university’s intellectual treasury?
We also had fun, maximum fun. We drank palm wine. We drank beer. We partied. We chased babes.
I remember accompanying you, many times, to visit your dear mother, of blessed memory, at her shop near the palace. She feted us each time. Ever so kind. Ever so motherly.
I recall meeting your brother, Dr. Ajayi, newly returned then, whose sports car was the talk of the town.
I reach back into these memories not out of nostalgia alone, but to establish my bona fides to write you this note, to remind you that I knew you before the noise, before the crowd and before the many voices that now speak at you and about you.
You have always earned your place through hard work, discipline and intellect. Many don’t know this, sadly. They only see the fun-loving Publisher of a popular society magazine.
I am not concerned here with who is right or wrong, nor with what ignited this present _Ija’gboro_, this no-holds-barred street fight where everything becomes a weapon, including shared history and past goodwill.
My concern is you, my friend, my colleague, my brother.
For the sake of all you hold dear; for the memory of your mother, whose dignity and values you carry; and for the sake of God, I urge you: find an off-ramp from this vicious freeway. Step away from this corrosive spiral now.
You are not the sum of the insults hurled at you. You are not the distortion others attempt to project. No.
You will recall that in those Ife days, you held British Philosopher Bertrand Russell in high regard. Russell once observed:
_”The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.”_
Wisdom, my brother, often lies in restraint, in knowing when to disengage from the theatre of noise.
And perhaps you also read the works of another Philosopher, German Friedrich Nietzsche, whose haunting warning feels especially apt at a time like this:
_”He who fights with monsters should be careful lest he thereby become a monster. And if you gaze long into an abyss, the abyss also gazes into you.”_
There is yet another truth, often echoed across ages: when one descends into the arena with a beast, the spectators, in time, cease to know the difference. I didn’t say this to insult your opponents in this shameful arena. They are not my concern here.
I say this with all the affection and sincerity of a brother: rise above this moment. Withdraw your dignity from the marketplace of insults. Let silence, where necessary, speak louder than rebuttal.
May God guide your thoughts, guard your words and steady your steps at this time.
Yours ever so sincerely,
Segun ADEYEMI, a veteran journalist
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