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Soludo: A Pragmatic Economist and Statesman for Nigeria’s Future
By Christian ABURIME
In a riveting address delivered at The Platform, a special national policy dialogue celebrating Nigerian democracy on June 12 in Lagos, Anambra State Governor, Professor Chukwuma Charles Soludo, CFR, perceptively dissected national issues and articulated a compelling vision for Nigeria’s economic and political future. Invited as one of the guest speakers, Governor Soludo did not just show up as a governor, but as an erudite public intellectual and hands-on leader, as he displayed the rare combination of brilliant economic insights and statesmanlike vision that Nigeria desperately needs.
His speech on the subject of Sustainable Democracy and Free Market Economy touched base with the contemporary challenging times, highlighting his profound understanding of Nigeria’s economic challenges and presenting a roadmap for national recovery. With a depth of knowledge honed over decades as an academic, international consultant and former Central Bank governor, Prof. Soludo diagnosed the deep-rooted ills afflicting Nigeria’s battered economy with clinical precision.
He exposed the structural flaws, policy inconsistencies, and lack of productivity that have turned a potentially prosperous nation into a staggering giant struggling under a mountain of debt. In the end, he also propounded solutions in such a way that any dispassionate listener would come away with a genuine impression that Governor Soludo’s comprehensive diagnostic approach and exemplary leadership qualities underscore his potential as the pragmatic, paradigm-shifting leader Nigeria needs in the near future.
Prof. Soludo, with his illustrious academic background and distinguished career, has always been an icon of intellectual rigour and policy innovation. His tenure as the Governor of the Central Bank of Nigeria is still remembered for the significant reforms that stabilised the banking sector. Soludo’s deep-seated knowledge of economic principles and his pragmatic approach to policy-making were evident in his Platform speech. Some of his remarks are as profound as they are reflective of the man’s depth of mind. A few quotes from his speech will suffice.
On the dynamics of democracy and free market economy, Soludo said “It needs to be emphasized however that democracy and market economy are dynamic and permanent work-in-progress, requiring constant contestations among interest groups in the struggle towards a more perfect society.” He continued, “The state of the economy is therefore the determinant of enduring democracy, and for most people, democracy is a key pre-requisite for sustainable economic transformation. Democracy and, indeed, any form of governance must deliver tangible social and economic benefits to the generality of the citizens to be credible and sustainable.”
On admitting the reality of Nigeria’s true economic condition, Prof. Soludo was downright frank: “Let’s admit a fact which most Nigerians don’t seem to appreciate. Nigeria is a very poor country, and its public finance is broken. This admission is critical to any reasonable discourse on the road ahead.” To fix the broken public finance, Soludo implied thus: “Given the humongous infrastructure deficit, the consolidated public sector (FGN and States) capital spending should be at least 10-15% of GDP per annum. Currently, it is less than 5%. Indeed, the entire budget of the FGN is probably less than 30% of what we need to be investing in infrastructure per annum.”
On economic solutions, Soludo went further to emphasize thus: “There is an emergency, and incremental changes won’t cut it. Intentional systemic disruptions are urgently needed but it requires mass mobilization and ownership by the public. Suffice it to say that fixing the systemic insecurity, broken public finance and economy, broken oil and gas sector, infrastructure and environmental decay, rising social tensions, and restoring hope and confidence of the citizens would require us to try several roads not travelled – thinking and acting without any box!”
But how does Soludo see the efforts of the current president in tackling the volatile economy? Hear him: “I believe that President Tinubu (the man who fought the FGN to a standstill over the power of Lagos State to design the local government system of its choice, championed the fundamentals of true federalism 2003-2007, and tamed the Atlantic Ocean) has the knowledge and courage to mobilize Nigeria to cross over the current crossroads. There are no easy or quick fixes, and he needs our collective support.”
Reflecting his own empathetic nature, sensitivity and emotional intelligence as a leader, Soludo expressed a most touching thought on the current hard times most Nigerians are facing: “As a person, I deeply feel the pains of all Nigerians at these challenging times, especially the over 100 million Nigerians who are multi-dimensionally poor. Times are hard. Sometimes I wish that I can give every resident of my state N1 million each to cushion the effects of the hard times.”
But the professor of economics is more than just an economic theorist – he is a leader taking bold actions to put his ideas into practice in Anambra State. Since assuming office over two years ago, he has led by example through prudent spending, patronising made-in-Nigeria products, and displaying genuine empathy for the common man. His commitment to social justice is a cornerstone of his governance philosophy, making him a leader who truly understands and addresses the needs of his people.
According to Soludo, addressing the needs of common Nigerians “will require a fundamental reordering of national priorities to invest massively in social programs (especially health, education and social protections) as well as infrastructure to give everyone a stake in the national cake, thereby securing the future. I am an Awoist and a true progressive on this front.” In fact, Soludo’s Awoist priorities are re-establishing social services in education where he has employed thousands of quality teachers and abolished tuition fees; in healthcare where more personnel are being employed and pregnant women enjoy free antenatal care; in economic security for the senior citizens and underprivileged; and in infrastructural development – all without resorting to piling on more debt.
Nigeria’s economic malaise is quite convoluted and Governor Soludo’s analysis of the woes was extraordinarily incisive. Over and over, he identified structural deficiencies, rampant corruption, and over-reliance on oil revenues as key impediments to economic stability. His critique was not just a lamentation of Nigeria’s economic troubles but a call to action. Soludo emphasized the need for economic diversification, robust governance frameworks, and an enabling environment for entrepreneurship and innovation. His insights reflect a deep understanding of the interconnectedness of economic policies and social outcomes, and the impact on our democracy.
Again, in an era where public trust in leadership is waning, Governor Soludo exemplifies integrity and accountability. His prudent fiscal management in Anambra State offers an exemplary model in transparency and efficiency. By prioritizing locally-made products, Soludo not only supports Nigerian industries but also fosters a sense of national pride and self-reliance. His administration’s fiscal discipline, avoiding excessive borrowing, demonstrates a responsible approach to governance that prioritizes long-term stability over short-term gains. Little wonder, Anambra State under his leadership has been rated one of the top 5 fiscally sustainable states in Nigeria, according to BudgIT.
One of the defining characteristics of Governor Soludo is his unwavering political will to implement bold reforms. His tenure so far as Anambra State’s governor is marked by decisive actions that, while sometimes unpopular, are necessary for sustainable progress. At the risk of repetition, Soludo’s stance against needless borrowing to fund government activities is a courageous deviation from the norm, reflecting his long-term vision for financial independence and economic sovereignty. His leadership style is characterised by a fearless pursuit of policies that ensure a resilient and self-sufficient economy.
As Nigeria grapples with multifaceted challenges, the need for future perceptive leaders and profound thinkers like Professor Charles Soludo has never been more apparent. His blend of academic excellence, practical governance experience, and compassionate leadership positions him uniquely as a statesman capable of steering Nigeria towards a prosperous future. Soludo’s vision for a sustainable democracy and a thriving free market economy offers a blueprint for national recovery and growth. His emphasis on prudent spending, local patronage, social security, ethical reset and fiscal responsibility encapsulates the principles of good governance.
Of course, Nigeria has no shortage of brilliant thinkers and economists diagnosing its woes. But the nation is desperately short on statesmen willing to walk the difficult path of reform and restructuring rather than taking the easy road of corruption and deficits. In Governor Soludo, Nigeria may have found a future leader with both extraordinary intellect and the fortitude to transform his ideas into reality through hard work and political vision.
At times of low morale when citizens need inspiration, Soludo also shows that he is a leader who doesn’t give up. Hear him: “I am an incredible optimist in the potential greatness of this blessed country. That’s essentially why I have persisted in public service and applied for my current job. I believe in the infinite possibilities and opportunities that Nigeria presents. Our youthful population, if unleashed, will definitely conquer the world and the 22nd Century will be Nigeria’s century.”
As Nigeria looks to the future, it should hold up Governor Soludo as a model for the type of transformative yet principled leadership it needs to achieve sustainable democracy wedded to free market prosperity. An accomplished scholar and public servant, Soludo represents hope that Nigeria can rise to its full economic potential by finally having a combination of a brilliant economic diagnosis, empathetic leadership, self-sacrificing prudence, boldness of action and the pragmatic prescription to cure what ails it.
Christian Aburime is the Press Secretary to Governor Soludo.
News
Fubara to commission 10 completed projects
Rivers State Government will from Monday, August 17, begin the commissioning of 10 major people-oriented projects across the state as part of efforts by Governor Siminalayi Fubara’s administration to deepen development at the grassroots.
The commissioning programme, which will run through August 31, will cover projects across several local government areas, include roads, bridges, healthcare facilities, educational infrastructure and other public facilities.
The Secretary to the Rivers State Government, Dr Dagogo Wokoma, disclosed this on Friday during a media briefing in Port Harcourt.
According to Dr Wokoma, the projects are tangible evidence of the Governor’s commitment to transforming communities and addressing the developmental needs of residents across the state.
A statement by Juliana Masi, Head, Information and Public Relations Unit, office of the Secretary to the State Government, said that Dr. Wokoma disclosed that the commissioning will commence on August 17 with the Buguma-Degema-Abonnema Road, which links communities in Asari-Toru, Degema and Akuku-Toru Local Government Areas.
The Egwi-Afara-Mba Road in Etche Local Government Area will be commissioned on August 18, followed by the Capt. Elechi Amadi Polytechnic’s Entrepreneurship Centre/Engineering Faculty Building on August 19.
The statement which was shared by Onwuka Nzechi, Chief Press Secretary to the River State Governor also stated that on August 20, the Governor will commission the Elele-Egbeda-Omoku Dual Carriage Way in Ikwerre/Emohua/Onelga Local Government Areas, while the Omoku Zonal Hospital, Omoku in ONELGA, will be commissioned on August 21st.
The commissioning programme will resume on August 24 with the Omademe Internal Roads in Ikwerre LGA and attention will shift to Port Harcourt LGA on August 25 for the Commissioning of the New Runway at the Air Force Base, Rumuola.
On August 26, attention will shift to Emuoha LGA for the commissing of the Agba Ndele Road and Bridge while two major health facilities — the Neuro Psychiatric Hospital and New General Hospital, Rumuigbo, both in Obio/Akpor — are scheduled for commissioning on August 27.
The 10-day programme will end on August 28 with the commissioning of the Bonny National Grammar School in Bonny Local Government Area.
Dr. Wokoma said the projects reflected the administration’s determination to ensure that government policies and programmes affect citizens positively.
“These projects scheduled for commissioning are tangible evidence of His Excellency’s unwavering dedication to transform our communities and address the developmental needs of our people,” he said.
He added that the projects underscored the administration’s commitment to ensuring that governance produced “meaningful and measurable benefits for every citizen across the 23 Local Government Areas of the State.”
The SSG also acknowledged the contributions of government officials, contractors, host communities and other stakeholders to the completion of the projects as he urged Rivers people to participate in the commissioning activities and continue to support the administration in its pursuit of peace and development.
“We invite all Rivers people to join in celebrating these milestones and to continue supporting the administration of Governor Siminalayi Fubara as it advances peace, development, progress, and prosperity,” Dr Wokoma said.
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2027: Full text of what NHRC boss Tony Ojukwu said concerning rising incidences of hate speech, intimidation and threat to life
I welcome you to this press conference convened by the National Human Rights Commission (NHRC) at a critical moment in our national life.
As Nigeria prepares for the 2027 General Elections, the Commission considers it necessary to draw public attention to the growing use of hateful, intimidating, intolerant, denigrating, violence, inflammatory and divisive rhetoric and its potential consequences for human rights, peaceful coexistence and democratic participation.
The NHRC, as Nigeria’s independent National Human Rights Institution with a mandate to promote, protect and monitor human rights, has a responsibility to speak whenever public discourse threatens peaceful coexistence, human dignity, equality, peace and the enjoyment of fundamental rights and freedoms.
1. WHY WE ARE HERE
In recent weeks, the Commission has had cause to express concern over statements attributed to certain public figures, including Sheikh Sani Yahaya Jingir and Senator Francis Fadahunsi, which, in the assessment of the Commission, have crossed the red line for decency, have the potential to denigrate individuals or groups, deepen social divisions and heighten tensions and instigate violence.
The Commission reiterates that freedom of expression is a fundamental human right. However, freedom of expression carries responsibilities. It does not provide a licence to incite violence, promote hatred, dehumanise others or deliberately provoke hostility against persons or communities.
Our intervention today is therefore not directed at any political party, religious group, ethnic community or individual. It is a human rights intervention aimed at protecting the dignity and equal worth of every person and preserving the conditions necessary for peaceful, credible and inclusive elections.
2. HATE SPEECH AND DIVISIVE RHETORIC: A HUMAN RIGHTS CONCERN
Hate speech should not be dismissed as mere political rhetoric or provocative language.
When public discourse portrays individuals or communities as enemies, inferior, dangerous or undeserving of rights and protection, it can contribute to discrimination, exclusion, intimidation and violence.
The consequences may include:
• Erosion of human dignity and equality;
• Incitement and escalation of violence;
• Discrimination against individuals and communities;
• Restrictions on meaningful political participation;
• Intimidation of voters and political opponents;
• Deepening of ethnic, religious and regional divisions; and
• Undermining of public confidence in democratic institutions.
These concerns are firmly rooted in Nigeria’s constitutional and international human rights obligations, including the protection of human dignity, equality, freedom of expression and peaceful participation in public affairs.
The appropriate response, however, must always be grounded in law, due process and respect for fundamental rights.
3. LESSONS FROM HISTORY
History has demonstrated that sustained denigrating, dehumanising and inflammatory rhetoric can create an environment in which discrimination and violence become increasingly acceptable.
The experience of the 1994 genocide against the Tutsi in Rwanda remains one of the world’s most painful reminders of the destructive power of propaganda, denigration, dehumanisation and incitement.
Nigeria is not Rwanda, but the Commission suggests that the situation if unchecked could escalate circumstances into uncontrolled violence and chaos. God forbid. Nevertheless, the lesson is universal: societies must not wait until inflammatory rhetoric translates into violence before taking preventive action.
Prevention is a fundamental human rights obligation and the government has the primary responsibility under both national and international law to prevent violence and protect the people.
We must therefore identify and address dangerous narratives early, strengthen responsible public communication and ensure that those who cross the boundaries established by law are held accountable through lawful processes.
4. THE STAKES FOR THE 2027 GENERAL ELECTIONS
Elections should provide citizens with an opportunity to freely determine their political future.
The 2027 General Elections must therefore be contests of ideas, policies, programmes, competence and service—not contests defined by hatred, ethnic hostility or religious antagonism.
Unchecked divisive rhetoric can contribute to:
1. Political violence through attacks, intimidation and threats against opponents and voters;
2. Communal tensions by exploiting ethnic, religious and regional identities;
3. Displacement and insecurity where communities feel threatened or targeted;
4. Suppression of civic participation where citizens become afraid to speak, assemble or come out to vote freely;
5. Erosion of democratic institutions and public trust; and
6. Long-term social fragmentation that may persist long after an election has ended.
The protection of human rights and the prevention of election-related violence must therefore be regarded as complementary objectives.
5. THE POSITION OF THE NATIONAL HUMAN RIGHTS COMMISSION
The NHRC unequivocally condemns hate speech, incitement to violence, intimidation, or dehumanising rhetoric and all forms of communication that threaten the dignity, security and rights of individuals or communities.
Accordingly, the Commission:
First, calls on all public officials, political actors, candidates and aspirants to exercise the highest level of responsibility in their public statements and political communication.
Second, urges political parties to call their party faithfuls to order and strengthen internal mechanisms for preventing and sanctioning intimidating and inflammatory rhetoric and to promote issue-based campaigns that respect rights.
Third, calls on religious, traditional and community leaders to use their considerable influence to promote peace, tolerance, mutual respect and peaceful coexistence rather to promote hate and violence and disunity.
Fourth, urges law enforcement and other relevant institutions to respond appropriately to credible cases of incitement, intimidation, threats and unlawful conduct, in accordance with the Constitution and applicable laws, while respecting due process and fundamental rights.
Fifth, calls on the media to uphold professional and ethical standards in reporting intimidating and inflammatory statements. Responsible journalism requires that potentially harmful content is not amplified without context, verification and appropriate public-interest considerations.
Sixth, calls on social media users and digital platforms to exercise responsibility in the creation and dissemination of content. Nigerians should verify information before sharing content capable of provoking hatred, hostility or violence.
Seventh, encourages citizens who experience or witness human rights violations to report them through appropriate lawful channels, including the National Human Rights Commission.
6. A CALL FOR RESPONSIBLE LEADERSHIP
The responsibility for preventing election-related violence does not rest with government or security institutions alone. Every Nigerian has a role to play.
To our political leaders, we say: compete on ideas, programmes, competence and your record of service—not on hatred or division.
To our religious and traditional leaders, we say: use your platforms to build bridges, promote tolerance and protect the dignity of every Nigerian.
To the media, we say: inform the public without becoming an amplifier of hatred or incitement.
To young Nigerians, particularly those who constitute a significant part of our online population, we say: do not allow yourselves to be used as instruments for spreading inflammatory content or misinformation.
And to all Nigerians, we say: our ethnic, religious and cultural diversity is not a weakness. It is part of the richness of our national identity.
7. THE WAY FORWARD
The NHRC will continue to monitor developments, document human rights concerns, engage relevant stakeholders and use its statutory powers to promote and protect human rights throughout the electoral cycle.
The Commission will also continue to advocate for a human rights-based approach to elections—one that places the dignity, safety, equality and participation of every Nigerian at the centre of the democratic process.
We must act before rhetoric becomes violence.
We must promote dialogue before division becomes conflict.
And we must protect human dignity before violations become irreversible.
8. CONCLUSION
Distinguished Ladies and Gentlemen,
The forth coming elections should be an opportunity to strengthen our democracy, not a trigger for division.
Nigeria has faced difficult moments before, and we have repeatedly demonstrated the capacity to overcome our differences. What we need now is responsible leadership, responsible communication and a renewed commitment to the fundamental principle that every Nigerian is entitled to dignity, equality and protection under the law.
The National Human Rights Commission will not remain silent when human dignity and fundamental rights are threatened.
We call on all stakeholders to join us in building an electoral environment in which disagreement does not become hatred, political competition does not become violence, and diversity does not become a justification for discrimination.
Let us disagree without dehumanising one another.
Let us compete without destroying one another.
Let us campaign without inciting one another.
And let us protect the Nigeria we all share.
I thank you for your attention.
I am now ready to take your questions.
*Chief Tony Ojukwu, OFR, SAN*
*Executive Secretary/CEO*
*National Human Rights Commission*
*President Network of National Human Rights Institutions*
*in West Africa*
News
Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election
The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.
The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.
The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.
Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.
The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.
Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.
The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.
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