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Nigeria is broke… elected officials should earn miminum wage, says Soludo

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Charles Soludo, governor of Anambra state, says elected officials should start earning minimum wage, stressing that Nigeria is broke.

 

Soludo spoke on Wednesday at the special edition of The Platform, an event organised by The Covenant Nation to facilitate national development.

 

The programme was held to mark Nigeria’s 25 years of unbroken democracy.

 

He said Nigeria has become impoverished due to the flamboyant lifestyles of government officials at the expense of the citizens’ shared wealth.

 

The governor said these officials should be paid the minimum wage to experience what citizens are facing, adding that the system is in denial.

 

“Let’s come clean and straight with Nigerians. Nigeria is very poor and broke but the lifestyle of government and government officials does not show it, especially with the obscene flamboyance in public display,” Soludo said.

 

“The poor are hungry and impatient, let’s not annoy them more with our insensitivity.

“In this case, I agree with reverend father Mbaka, who said elected governors should also earn minimum wage. I agree that we should be paid that so that we can feel that as well.

 

“In Anambra, I have not received a kobo as salary since I assumed office. I have donated my salary to the state.

 

“It is symbolic. It is not much. I think generally, the system is in denial. There must be some signaling, it is just the symbolism of this.”

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Soludo called for a new code of conduct for public officeholders to enhance fiscal prudence while performing the core duties for which they were elected.

 

“That is why I proposed reinventing the new code of conduct for public officers,” he said.

 

“For the federal government, the actual projecting revenue comes to about N6,160 per Nigerian, per month.

 

“For the states, except Lagos and a few states, most states have revenues amounting to less than N3,000 per resident, per month.

 

“It is from this shares per citizen that we are expected to provide all the infrastructure, debt service, pay salaries and pensions, build schools and provide everything.

 

“For each of our wasteful spending, let’s be conscious about the fact how many citizen share we are squandering. Once we lose this consciousness about the public trust we bear, the society dies irredeemably.”

 

 

‘NOBODY WILL GET UP TO N2,500 IF WE SHARE ANAMBRA’S MONTHLY REVENUES TO RESIDENTS’

Soludo also claimed that no one would receive up to N2,500 if Anambra’s monthly revenues were distributed to citizens individually.

He said he shares the pains of Nigerians in these difficult times, especially the over 100 million Nigerians who are multidimensionally poor.

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“Sometimes, I just wish that I can give every resident of Anambra maybe a million naira each to ameliorate the hardship that we have, but the reality is that if we get our entire revenue in a month, both from FAAC and from our IGR and put it on the table, call all our estimated 8.5 million residents and share it, nobody will get up to N2,500,” he said.

 

The governor said the same limited funds, insufficient to provide N2,500 to each resident, will also cover salaries, pensions, road construction, and investments in health and education, among other expenses.

 

‘DEPRECIATING FX RATES, INFLATION CAUSED BY ILLEGAL PRINTING OF N22TRN’

Speaking on how Nigeria’s economy has fared over the years, the Anambra governor said President Muhammadu Buhari’s administration illegally printed over N22 trillion and amassed public debt just to stay afloat while maintaining petrol, foreign exchange (FX), and electricity subsidies.

 

Soludo said Nigeria is now paying the very high cost of delayed fiscal and structural adjustments which have seen the economy tumble with ballooning inflation, depreciation in exchange rates, and a compressed gross domestic product (GDP) in dollar terms.

 

“Nigeria is paying the very high cost of delayed adjustment, with escalating inflation, unsustainable debt service payments, depreciating exchange rates, rising interest rates on poverty and unemployment, a largely insolvent public finance, and compressed GDP in dollar terms,” the governor said.

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“As your prices rise and the exchange rate adjusts, you are exporting nothing, whereas you have foreign exchange.

 

“You have reserves of about N230 billion or thereabout, and you have money supply almost getting to N100 trillion.

 

“Our population is growing, while insecurity threatens food security.

 

“Today, the once largest economy in Africa is now the fourth, with a dollar GDP lower than in 2010 or less than 50 percent where we were in 2014.”

 

Speaking further on how poor the country has become, the economist said Nigeria’s N28.7 trillion ($20 billion) 2024 budget is relatively low considering the nation’s population when compared to Kenya’s 2024 budget.

 

“Nigeria’s 7% budget-to-GDP ratio in 2024 is one of the lowest in the world with a population of about 230 million people or $83 per person in a year, approximately $6.9 per Nigerian in a month compared to Kenya’s budget of about $31 billion for just 54 million people amounting to $574 per person in a year,” he said.

 

Soludo said since 2010, the combined debt and non-debt service recurrent expenditures of the federal government have consistently surpassed current revenue.

 

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Good morning! Nigerian Newspapers Headlines: NDC dissociates itself from 59-member presidential campaign council unveiled by Obi-Kwankwaso movement

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1. The leadership of the Nigeria Democratic Congress (NDC) has distanced itself from the 59-member presidential campaign council constituted by OK Movement, a support group for Peter Obi, presidential candidate of the party, and his running mate, Rabiu Musa Kwankwaso.

In a statement on Saturday, Cleopas Moses, NDC national chairman, said the list did not emanate from the party and should be disregarded.


2. Former Senior Special Assistant Media and Publicity to the late President Muhammadu Buhari, Mallam Garba Shehu, said yesterday that the litigation instituted against Nigeria by Sunrise Power and Transmission Company at the International Chamber of Commerce (ICC) tribunal in Paris was doomed from the outset. 
Garba, who personally attended the January 15, 2025 sitting of the tribunal in the French capital, said it was clear from day one that Sunrise and its promoter Leno Adesanya “would lose this case following the failure of all the witnesses they invited, including, of course, a beautiful lady from Senegal allegedly providing comfort to one of their government contacts.

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3. The Presidency yesterday knocked back economic proposals by the presidential candidate of the African Democratic Congress (ADC), Alhaji Atiku Abubakar. It asked him to take the proposals to Nigerians on his campaign trail rather than seeking to dictate how President Bola Tinubu should govern the country.

4. The Nigeria Hydrological Services Agency (NIHSA) has forecast a high risk of riverine flooding across 15 states between September 19 to 25.
In its national flood advisory issued on Friday, the agency said rising river levels could trigger flooding in communities located on floodplains during the seven-day period.
The affected states are Imo, Cross River, Ebonyi, Benue, Anambra, Akwa Ibom, Lagos, Rivers, Edo, Kogi, Taraba, Delta, Bayelsa, Enugu and Abia.

5. Delta State Police Command has arrested a suspect after its personnel intercepted a vehicle conveying military camouflage uniforms, boots and hats, as well as cartons of suspected Tramadol and other illicit drugs. The vehicle, a green Toyota Sienna with registration number KP 527 AAA, was intercepted by operatives of the command’s Anti-Cult Unit, Asaba, along the Onitsha-Ondo route on Friday.

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6. Police in Rivers State have begun an investigation into the killing of a father of four, Kamadioye Krama, by gunmen in Emulation community, Abua/Odual Local Government Area. The spokesperson for the State Police Command, Blessing Agabe, confirmed the incident, stating that an investigation was ongoing to apprehend the culprits and bring them to book.

7. President Bola Tinubu has said that, from October 1, commuters across Nigeria must begin to see measurable reductions in transportation fares, as he has directed all 36 states to accelerate the National Affordable CNG Transit Programme. In a statement personally signed and released on Saturday, September 19, Tinubu said the push followed his August 27 meeting with state governors.

8. The Nigeria Security and Civil Defence Corps, NSCDC, has deployed Abdulhamid Kabara as the new commandant of its Niger State Command following the deaths of 37 suspected illegal miners in custody. Kabara replaces Suberu Aniviye, who was suspended as Niger NSCDC commandant after the 37 suspects died in Minna, the state capital, on Thursday.

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9. The Northern Senators Forum on Saturday called for an immediate, transparent and independent investigation into the deaths of 37 young Nigerians in the custody of the Nigeria Security and Civil Defence Corps, NSCDC, in Minna, Niger State. It described the circumstances surrounding the occurrence as “deeply disturbing and unacceptable.”

10. The Minister of Interior, Olubunmi Tunji-Ojo, has suspended the Niger State Commandant of the Nigeria Security and Civil Defence Corps (NSCDC), Suberu Aniviye, and 20 other officers following the deaths of 37 suspected illegal miners in the Corps’ custody. The officers were suspended pending the outcome of an independent investigation into the deaths, which occurred on Thursday, September 17, 2026. The Ministry of Interior announced the development in a statement signed by Tunji-Ojo on Saturday

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Keyamo, Sunday Dare knock Atiku for addressing President Tinubu as ‘Bola’

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  The minister of aviation, Festus Keyamo, and the special adviser to President Bola Tinubu on media and public communication, Sunday Dare, have criticised former Vice-President Atiku Abubakar for referring to the President as “Bola”.

Keyamo described Atiku’s use of Tinubu’s first name as “disrespectful and discourteous”.

“The continuous reference to President Bola Ahmed Tinubu by His Excellency, ex Vice-President Atiku Abubakar in his press conference earlier today as ‘Bola’ is very disrespectful and discourteous,” he wrote on X.

He said Atiku should recognise that the office of the president deserves to be accorded dignity despite political differences.

“He should know better that no matter your differences with Mr. President, for the sake of the country, that office should be accorded all the dignity it deserves,” Keyamo said.

Keyamo also described the tone of Atiku’s remarks as reflecting “pain and bitterness”, while referring to the former vice-president’s recent comment about Tinubu’s age.

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“After all, he made the outlandish claim the other day that Mr. President is older than himself. It is therefore a contradiction that he would also refer to an ‘elder’ by his first name,” he said.

Also, Dare, in a post on X on Saturday,  reacted to Atiku’s call for Tinubu to reduce petrol and electricity costs.

Atiku had on Friday asked Tinubu to use the remaining eight months of his administration to reduce the burden of petrol and electricity costs on households, workers and businesses.

He said the removal of petrol subsidy in May 2023 had contributed to higher transportation, food, logistics and energy costs. He also warned against phasing out electricity subsidies without addressing the impact on households and businesses.

Dare described Atiku’s manner of addressing the president as “the height of insolence”, accusing the former vice-president of political desperation.

“Alhaji Atiku’s manner of addressing President Bola Tinubu as Bola is the height of insolence. It is a clear descent into the abyss of unbridled desperation and an unraveling mind,” Dare wrote.

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“To seek to lecture a sitting president with the unbridled insolence of dropping his first name, petulantly barking instructions, and dictating how governance should be run within a truncated timeline is the height of political hubris.”

Dare defended the Tinubu administration’s economic policies, saying the president was undertaking reforms to address structural problems in the economy.

Dare also questioned Atiku’s criticism of government intervention in the economy.

“Atiku’s sudden conversion to the gospel of interventionism rings hollow,” he said.

He accused Atiku of using Nigerians’ economic difficulties for political purposes ahead of the 2027 elections.

“This is a desperate strategy by a perennial seeker of power who weaponizes transient national discomforts for electoral mileage,” Dare added.

“Nigerians do not need lectures on fiscal management from a political wanderer whose decades-long pursuit of the presidency has been defined by perpetual opportunism.”

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South Africa-based Nigerian lecturer found dead at her residence

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A Nigerian lecturer at the University of Fort Hare, South Africa, Ayodele Odularu, has been found dead at her residence in Eastern Cape Province of South Africa.

According to reports, Gbadebo Odularu, the brother of the deceased, said she died on August 16 at the age of 51.

A family member, who spoke on condition of anonymity, told Punch’s Diaspora Tales that the lecturer’s death was not natural and the circumstances remained unclear to the family.

The family had asked for an investigation into her death.

In a GoFundMe statement published by Gbadebo on behalf of the family, the lecturer was described as someone who “dedicated her life to knowledge, discovery, and creating a better future for communities”.

The family said “although her journey on earth ended too soon, the impact of her life continues through the people she inspired, the knowledge she shared, and the communities she hoped to serve”.

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“Ayodele was far more than a sister. She was a cherished daughter, aunt, friend, mentor, scholar, and a source of encouragement, compassion, wisdom, and strength to everyone blessed to know her,” the statement reads.

“Her presence brought warmth into every room. She was known for her kindness, infectious laughter, generosity, resilience, and unwavering commitment to uplifting others. She had a rare ability to make people feel valued, heard, and inspired.

“Dr. Ayodele Odularu dedicated her life to knowledge, discovery, and creating a better future for communities.

“As an Independent Senior Researcher at the University of Fort Hare Community, she contributed meaningfully to academic research and the advancement of knowledge through her scholarly work.”

On Thursday, University of Fort Hare organised a memorial service in honour of the lecturer.

The lecturer died amid the violent attacks against Nigerians and other Africans in South Africa.

To date the Federal Government has 
facilitated the evacuation of 1,716 Nigerians from South Africa over Xenophobic attacks in the former apartheid country.

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