FREEBORN

Debunking the Phantom Debts and Ecological Loan Fallacy My attention has been drawn to trending claims by the Anambra State Government that my administration left behind inherited debts, including a ₦2 billion ecological loan, contractor liabilities, and unpaid salaries, gratuities, and pensions. This is completely false. We systematically liquidated historical gratuities and arrears dating back several years, amounting to over ₦35 billion. At the point of handover, the state owed nothing in salaries, gratuities, or pensions, nor did we owe anything to any contractor for projects duly executed and certified. The ₦2 billion ecological fund in question was released barely three months before the end of my tenure for the Oko/Umuchiana erosion crisis. Despite pressure to spend the money, I refused, insisting that it should be left for my successor because government is a continuum and the funds were tied to a specific project. The money was therefore left 100 per cent intact in First Bank, in Account No. 2018779464, with a balance of over ₦2.13 billion. It is important to stress that funds tied to specific projects or set aside for particular purposes were not even included in the over ₦75 billion in savings we left behind. If anybody can establish anything to the contrary, I will stop campaigning. -PO

When a Government Declares War on the Truth President Donald Trump of America recently described Nigeria as “a now disgraced country.” The painful reality is that Nigeria’s challenges continue to deepen. Each passing day reveals deeper signs of decline, especially when a government becomes increasingly intolerant of truth and hostile to those who speak about the suffering of the people. The Catholic Church has never functioned as an opposition party in Nigeria. Across military regimes and successive democratic administrations, the Catholic Bishops’ Conference of Nigeria (CBCN) has maintained a principled voice on national issues and the nation’s conscience, commending governments when they deserved commendation and speaking the truth whenever national conscience demanded it. Its interventions are driven by a moral obligation, rooted in Christian social teaching, to defend truth, justice, and the common good. The same applies to Nigeria’s major religious organisations. Bodies such as Jama’atu Nasril Islam (JNI), the Supreme Council for Shari’ah in Nigeria (SCSN), the Christian Association of Nigeria (CAN), and the Nigerian Supreme Council for Islamic Affairs (NSCIA) have repeatedly raised concerns over economic hardship, inflation, and insecurity. Living among the people, religious leaders often encounter the suffering of citizens firsthand. They speak because they witness families struggling with rising food prices, unemployment, and the fear created by kidnappings and insecurity. As leaders, we should be gracious enough to listen to people and organisations that speak the truth to us and genuinely criticise us when things are not going in the right direction. As Governor, I had the opportunity of working with a very strong Council of Traditional Rulers, led by the Obi of Onitsha, and religious bodies that consistently criticised me and offered suggestions. This contributed greatly to our success in Anambra State, especially in critical areas like education and health. Against this background, the attacks on the CBCN, and especially on His Eminence, John Cardinal Onaiyekan, are deeply troubling. Even in 1998, when Pope John Paul II visited Nigeria and told General Abacha some hard truths, including about the incarceration of Chief Moshood Abiola, nobody vilified him. During the inauguration of Pope Leo XIV in Rome, to demonstrate his purported commitment to and respect for the Catholic Church, President Bola Tinubu arrived in Rome days before the event, ahead of most other visiting dignitaries, including Catholics such as the U.S. Vice President, JD Vance. He participated in the liturgy, queued with other world leaders to greet the Holy Father, and displayed deep respect for the moral authority of the Church. Back in Nigeria, however, that posture has now changed completely. What is playing out today also reveals how political leaders sometimes exploit religion and ethnicity to divide the people. Even when it was obvious that the CBCN was speaking on issues affecting Nigerians across religious and ethnic boundaries, aides to the President immediately reduced it to a “religious affair.” The question is: are insecurity, poverty, inflation, unemployment, and hardship problems exclusive to a particular faith? Do these challenges recognise religious or tribal boundaries? The bishops merely expressed what millions of Nigerians experience daily: insecurity has worsened, poverty is deepening, inflation is crippling families, businesses are struggling, and hope is fading. These are realities echoed by religious leaders across the country, to whom successive governments gave thanks and promised to look into their observations. Rather than address these concerns or explain the measures in place to ameliorate them, President Bola Ahmed Tinubu’s aides and supporters responded with vicious attacks, particularly against Cardinal John Onaiyekan, with little regard for his age, stature, and accomplishments.

Owning Up to Leadership Failures and Political Responsibility This morning, I listened to the British Prime Minister’s speech announcing his planned resignation in July. As a keen observer of global politics, my primary interest lies in examining what successful nations do right and the structural factors that cause others to lag or struggle with governance and development. The Prime Minister’s planned resignation comes amid mounting public frustration over a stagnant economy, a worsening cost-of-living crisis, and a perceived failure to honour key campaign pledges. Looking inward in our dear country, we can recall our own situation. Before 2015, our President on several occasions championed the call for the then President Goodluck Jonathan to resign over economic hardship and insecurity affecting Nigerians. During the Chibok school kidnapping incident, he demanded the immediate resignation of President Jonathan, arguing that the government had failed in its most fundamental duty of protecting lives. During the 2023 election campaign, President Bola Ahmed Tinubu made several promises, including improved electricity supply. He also challenged the electorate not to vote for him for a second term if he failed to deliver on those commitments—particularly in providing stable power, fighting corruption, and improving the welfare of Nigerians. At present, however, these conditions have worsened. Electricity supply remains unreliable, insecurity has intensified in many areas, including kidnappings, and economic hardship has deepened rather than eased. Similar concerns are reflected across other critical sectors such as security, infrastructure, transportation, and anti-corruption efforts, all of which have regressed. We are in the worst possible condition. I, therefore, join Nigerians of goodwill in calling for the resignation of the President over monumental failure in governance. Such a gesture would help enthrone a political culture rooted in accountability and responsibility, rather than further entrenching impunity. It would also send a powerful message that public office is a sacred trust, not an entitlement, and help build a society in which future leaders understand that failure carries consequences. Only by ending the culture of impunity can we secure a better future for the society our children will inherit in a New Nigeria that is possible. -PO

Accountable Borrowing: The South Africa Example. I have consistently maintained that borrowing, in itself, is not a bad thing. Every nation borrows. The critical issue is not the act of borrowing, but what the borrowed funds are used for and whether citizens can clearly see and measure the impact of such borrowing in their daily lives. There is a lot to learn in the open and transparent manner in which South Africa handled its recently secured a $1 billion loan from the New Development Bank, with a clearly defined purpose. Publicly announcing the targeted purpose of the loan for all to know and monitor, upgrading water supply systems, modernising sanitation infrastructure, improving electricity distribution, and strengthening waste management services across eight major metropolitan cities, including Johannesburg, Cape Town, and Durban. This is indeed what accountable borrowing should look like; the purpose is clear, the projects are identifiable, and the expected benefits to citizens are measurable. Such investments directly improve living conditions, enhance productivity, and stimulate economic growth. In Nigeria, however, the opposite is the case: public debt has risen dramatically under the current administration, and its deployment is shrouded in secrecy from the people who will indeed pay back the loan. Today, our total public debt has increased from about ₦87 trillion in 2023 to nearly ₦200 trillion. Yet, despite this unprecedented accumulation of debt, Nigerians are often left without a clear and detailed account of how these borrowings are being deployed to improve critical sectors such as education, healthcare, power, security, and infrastructure. Borrowing must never become an end in itself. Every loan obtained in the name of the Nigerian people must be tied to specific, productive investments capable of generating economic value, creating jobs, reducing poverty, and improving the welfare of citizens. Good governance demands transparency and accountability. The government must be able to clearly explain what was borrowed, where it was invested, and what measurable outcomes have been achieved. The ordinary Nigerian should be able to see and feel the benefits of every debt incurred on their behalf. At a time when millions of Nigerians are struggling with rising costs of living, unemployment, insecurity, and declining purchasing power, fiscal discipline and prudent management of public resources are no longer optional; they are imperative. Every borrowing decision should answer one simple question: How does this improve the life of the ordinary Nigerian? If that question cannot be convincingly answered, then we risk merely transferring today's burdens to future generations. A New Nigeria is POssible. - PO BRICS bank approves $1 billion lifeline for South Africa’s struggling cities | Business Insider Africa share.google/9EBaaAdSS5EDAqF…

Exponential increase in revenue with excessive borrowing: Yet more hardship for Nigerians! In celebrating three years of his administration, President Bola Tinubu included, among his achievements, an increase in revenue from N16.8 trillion in 2022 to N35 trillion in 2025. An increase of over 100%. Shockingly, while Nigerians expected a reduction in borrowing with the exponential increase in revenue, the opposite is the case. In just three years, President Bola Tinubu’s government seems to be obsessed with excessive and imprudent borrowing, with our total debt currently about N200 trillion—a deeply disturbing increase of over N100 trillion. In addition to the exponential increases in both revenue and debt, it is also important to note that Nigeria has earned far more than the budget revenue targets due to global and regional geoeconomic and political tensions. Alarmingly, even with the astronomical increase in both revenue and debt, almost all key socio-economic and governance indicators are worse than in 2023. Multi-dimensional poverty has increased from 87 million people in 2023 to over 140 million people in 2025. Rapidly increasing unemployment and a decline in GDP per capita from $1,597 in 2023 to $1,223 in 2025, and the list goes on. Just more and more hardship for Nigerians! The question Nigerians and even the international community are asking is, “Where did all the money go?” Nigerians deserve a detailed and transparent explanation of what happened to our economy and financial resources since 2023, and a stop to the imprudent, unaccountable, and opaque management of our common patrimony. A new and productive Nigeria is POssible, and Nigeria will be OK! -PO