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#EndBadGovernanceInNigeria Protests: A Civil Call To Save Nigeria From Extinction
BY COMRADE PHILS
Nigeria, the most populous country on the African continent and a once-promising beacon of hope in the region, now teeters on the brink of collapse. The malaise affecting this vibrant nation isn’t due to a lack of resources or potential but rather a crisis of governance. As corruption, mismanagement, and systemic inefficiencies continue to plague the country, it becomes increasingly clear that Nigeria’s survival hinges on an urgent and uncompromising call for reform. The people, tired of the increasing hardship and the terrible inflation, are reacting with protests tagged #EndBadGovernanceInNigeria.
Nigeria’s Dilemma: The Cost of Corruption and Mismanagement
Nigeria’s troubles are not merely as a result of the offset of global economic downturns or external pressures. At the heart of its woes is a deep-seated corruption, what I often term “endemic corruption” that has seen the nation’s resources siphoned off into personal purses and stifled national progress. The oil wealth that should have been a blessing has instead become a curse, with billions of dollars disappearing into the pockets of corrupt officials. This mismanagement has crippled the infrastructure, crippled the health sector, left the education system in disrepair and is now biting hard on food prices, leaving the bulk of the people in starvation.
Public services have deteriorated dramatically. Roads are in disrepair, electricity supply is erratic yet quite expensive, and basic healthcare is often out of reach for many Nigerians, irrespective of class. The ripple effect of these failures is felt in every facet of society, from the rising unemployment rates to the ever-expanding gaps between the rich and the poor. The stark reality is that Nigeria’s governance issues are not just a political problem; they are an existential threat.
The Security Crisis
The security situation in Nigeria has reached alarming levels. Armed insurgencies, banditry, and ethnic violence have become commonplace. The government’s inability to provide safety and security has created an environment where lawlessness thrives. Citizens are left to fend for themselves, and the state’s inability to protect its people only exacerbates the crisis.
The Boko Haram insurgency in the northeast, the Fulani herdsmen clashes in the middle belt, and the various armed groups in the Niger Delta are just symptoms of a larger governance failure. Not forgetting the Unknown Gunmen siege of the South Eastern part of the nation, where criminals taking cover under the cloak of self-determination agents often sack police stations and military units. When the state loses control over its territory, it not only jeopardizes immediate security but also undermines the very foundation of the nation.
Economic Despair
Nigeria’s economic landscape is equally grim. The economy, once buoyed by oil revenues, now struggles under the weight of poor governance and economic mismanagement. Inflation rates soar, and the naira has depreciated significantly. The business climate is hostile to both local entrepreneurs and foreign investors due to unpredictable policies, the baseless value of the naira against the dollar and rampant corruption.
Unemployment rates continue to climb, particularly among the youth, leading to increased social unrest. Without a significant overhaul in governance, the economic prospects for Nigeria look bleak. The potential for economic growth is stifled by a lack of infrastructure, corruption, and an inefficient bureaucracy that discourages investment and innovation.
*A Government of Elitocracy*
The troubles of Nigeria got multiplied in days following the inauguration of the administration of the current president, Ahmed Bola Tinubu in May, 2023. Largely accused of forcing his way to power, his policies have been squarely elitist without recourse to the majority of the poor citizens in the nation.
He announced his entrance in 2023, by removing fuel subsidy, thereby causing a tripled hike in the cost of petroleum products, in his first day in office without providing cushioning steps for the suffering masses.
Diaspora Watch Newspaper is pleased to announce the release of its 98th edition, presenting readers with another rich blend of impactful stories, insightful analyses and inspiring human-interest features from across the world.
Leading this edition is the heartwarming cover story, “Godchildren Honour Emmanuel and Joy Ojiribe at 40th Anniversary Celebration in US,” which chronicles the remarkable legacy of love, faith, mentorship and family built over four decades by the celebrated couple, culminating in a memorable celebration attended by loved ones and admirers.
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The edition also brings readers up to speed on major international developments, including US President Donald Trump’s announcement of an Intel-Apple chip deal, Ghana’s move towards a local takeover of Gold Fields’ Tarkwa mine, CARICOM’s renewed commitment to improving citizens’ lives under incoming Chair Pierre, the possibility of cocoa prices rising above $10,000 per tonne once again, a comprehensive 14-Point Roadmap to De-escalation and Reconstruction, Singapore’s impressive 38.4 per cent growth in non-oil exports driven by artificial intelligence, and warnings from Kew scientists that AI and digitalization could play a crucial role in preventing global plant extinction.
On the back page, readers will find the inspiring story of Adenugba, who has been honored with the African Diaspora Fashion Platform Award, recognizing excellence, creativity and outstanding contributions to fashion within the global African diaspora community.
As always, Diaspora Watch Newspaper remains committed to delivering credible journalism, promoting African excellence, strengthening diaspora engagement and providing readers with balanced perspectives on global affairs, business, innovation and development.
The 98th edition is now available to readers across print and digital platforms. We invite everyone to pick up a copy and stay informed on the stories shaping Africa, the diaspora and the wider world.
SpaceX to join Nasdaq-100 index July 7
SpaceX will be added to the Nasdaq-100 Index on July 7, following confirmation by exchange operator Nasdaq, a move expected to trigger a surge in passive investment into the aerospace and artificial intelligence company.
The inclusion means exchange-traded funds and other investment vehicles that track the tech-heavy Nasdaq-100 Index will be required to purchase SpaceX shares, a development that typically boosts demand and supports a company’s stock price.
SpaceX, founded by billionaire entrepreneur Elon Musk, made its Nasdaq debut on June 12 and has experienced volatile financial performance in recent years, alternating between periods of losses and modest profits.
The company reported a net loss of $4.9bn in its most recent financial year, underscoring the challenges it continues to face despite strong investor interest in its space technology and artificial intelligence businesses.
The company’s addition to the index comes after Nasdaq, alongside other major index providers including FTSE Russell and MSCI, eased some of its listing eligibility requirements in an effort to attract more companies seeking to list on U.S. exchanges.
The revised criteria include changes to profitability requirements, the waiting period after a company’s initial public offering and the number of publicly traded shares required for inclusion in certain indices.
Meanwhile, S&P Global has maintained a more cautious approach.
The index provider said earlier this month that it would not alter its eligibility requirements for SpaceX to join its flagship indices, including the benchmark S&P 500.
According to S&P Global, the company will not be considered for inclusion in the S&P 500 until it has been publicly listed for at least 12 months.
The development comes as other leading artificial intelligence firms, including OpenAI and Anthropic, are widely expected to pursue initial public offerings either later this year or in 2027, with analysts projecting valuations exceeding $1tn.
Uzodimma Backs FLAC, Urges Nigerians to Unite Against Cancer
Governor Hope Uzodimma of Imo State has reaffirmed his administration’s commitment to supporting the First Ladies Against Cancer, FLAC Nigeria, while calling on Nigerians to join efforts to combat cancer through increased awareness, early detection and sustained advocacy.
The governor made the pledge during a courtesy visit by members of FLAC and later at a gala night organised in their honour at the Government House in Owerri.
Speaking at the event, Uzodimma commended the organisation for its humanitarian interventions and contributions to improving cancer prevention, treatment and care across the country.
“I am excited to host you in Imo State and I commend your humanitarian services in Nigeria,” the governor said, assuring the delegation of his administration’s continued support for the organisation’s programmes.
He described Imo as the hospitality capital of the South-East and welcomed the delegates on behalf of the state government and people, assuring them of their safety during their stay.
The event also featured emotional testimonies from cancer survivors, including men, women and children, who recounted their experiences with the disease while encouraging Nigerians to embrace early screening and treatment.
Addressing guests at the gala night, Uzodimma stressed that the fight against cancer requires collective action, public education and efforts to eliminate the stigma associated with the disease.
He also lauded the President Bola Tinubu-led Federal Government for its investments in cancer prevention, treatment and palliative care, urging Nigerians to support ongoing reforms in the health sector.
“We need a new Nigeria where everyone participates in nation-building,” the governor said, adding that early detection remains critical to improving survival rates among cancer patients.
Earlier, the Chairperson of FLAC Nigeria and wife of the Imo State Governor, Mrs Chioma Uzodimma, said the delegation visited to appreciate the governor for his consistent support for the organisation’s advocacy and activities.
She explained that FLAC, whose membership comprises serving and former first ladies across the country, marks Cancer Survivors Month every June to celebrate survivors, inspire hope and raise awareness about the disease.
She described the governor as “a special friend of FLAC” and presented him with an award on behalf of the organisation in recognition of his support for its mission.
The gala night featured musical performances, a fashion parade by cancer survivors, comedy, cake cutting, presentation of gifts to survivors and a fundraising session to support the organisation’s advocacy programmes.
Mrs Uzodimma disclosed that more than N100m was raised during the fundraising to support FLAC’s ongoing cancer awareness and advocacy initiatives.
The delegation included the wives of the governors of Adamawa, Zamfara and Ogun states, Hajia Lami Fintiri, Hajia Huriyya Lawal and Mrs Bamidele Abiodun; immediate past FLAC Chairperson, Dr Zainab Shinkafi-Bagudu; former First Lady of Niger State, Dr Amina Abubakar; and former First Lady of Oyo State and ambassador-designate, Dr Florence Ajumobi, among other dignitaries.
Diaspora Watch – Vol. 98
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