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Opinion

Christmas is here, but…

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Christmas

Bola Bolawole

Nigeria’s poverty crisis worsens as the festive season passes, exposing the struggles of the poor amid growing inequality

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Christmas is here, but there is no “feferity” that usually heralds its coming. New Year itself is around the corner but there are no signs amongst the people. From 2023, only the super rich celebrate here.

Also read: Dangote Pushes for Independent Investigation into NMFPRA Spending

The middle class has all but been wiped off, such that it is either you are rich or you are poor.

I used to be a proud member of the upper middle class, but now I am counted among the poor, barely managing to keep my head about water.

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We the poor have to do something about the rich sooner than later. We have to make up our mind what to do and how to do it. It is no longer a case of if but when; and not of whether but how.

And the earlier the better! If anyone counts this as an incitement, so be it! The time has come when we the poor must incite ourselves! If you are poor and no one incites you to action, incite yourself! Such is the time that we are in, in Nigeria of today.

Christmas is here, but no shopping is going on! Can anyone shop with empty pockets? No buying of new clothes. No purchasing of new shoes. No stocking of the home with essential commodities. No plan for holidays or travels.

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Insecurity apart, transportation costs, prohibitive these days, will balloon still. Need we mention the skyrocketing cost of foodstuffs?

New Year is knocking on the door, pushing Christmas to quickly make its exit for 2026 to pop in. No chicken is tied down somewhere. In the good old days, children would be busy feeding cockerels being fattened for slaughter.

Boys would be leading the “meee” to green fields to keep it robust for the D-Day. Even frozen fish is king these days. Depending on its size, an egg costs between N200 and N300, which not many households can again afford.

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These days, a balanced diet is the luxury of the rich. The poor eat whatever they find – where at all they find it. Many go without food for days.

Yet the super rich live life to the hilt – and before our very eyes! It is not as if we are lazy and they are hard-working.

It is simply a function of their station and status in life. Charged with the responsibility of ministering to the needs of the people, they minister only to themselves to the neglect of their basic responsibility – we, the people!

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Our leaders behave like the proverbial Yoruba “a-nikan-j’opon”. Not only do they take their fill, they take it all, without giving a hoot if everyone else goes to bed with an empty stomach. The Yoruba have a proverb for such leaders; they are called “Bamu-bamu ni mo yo; mi o mo boya ebi n pa omo enikankan!” Once they are okay, that is all that matters to them.

They take what they need and what they do not need – even if they and their generations live for a thousand years.

A sadder aspect is that much of what these gluttons and selfish elements hoard, denying the needy the use of it, they eventually waste.

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How many stories of cash, even in foreign currencies, that end up being eaten by termites, have we not heard? Only a few days ago, I heard one of such stories of a two-time military-cum-civilian governor in one of the South-west states who buried dollars underground and termites invaded and ate up everything!

Money that should have gone into development purposes are tied down by senseless leaders who abuse the confidence entrusted in them by the people. And the late South African reggae musician, Lucky Dube, comes to mind here. In “The hand that giveth”, Dube asked the following pertinent questions: “Are you feeling happy/When you see another man with no food/Does it make you feel great/Maybe to see another man without a thing/ You read about it in the Bible/But didn’t understand it/Blessed is the hand that giveth/Than the one that taketh”

Yes, our leaders read it in the Bible, and even in the Quran! They understand it, but do not give a hoot.

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Even those who preach it, who live by the word they preach in the Bible and Quran, also do not give a hoot. Many are who steal in the name of God these days, like Max Romeo crooned.

Romeo lampoons them this way: “Stealing, stealing, stealing, stealing, stealing/Stealing in the name of the Lord/My father’s house of worship/Has become a den of thieves/Stealing in the name of the Lord/They fed our mothers with sour grapes/And set our teeth on edge/Stealing in the name of the Lord/Strike the hammer of justice/And set my people free/Strike the hammer of justice/Or let my people be/They tell us of a heaven/Where milk and honey flows/Stealing in the name of the Lord

“They say this place called heaven/No rich man can go/Stealing in the name of the Lord/Yet the reverend drives out fancy car/Buys everything tax-free/The people have to sacrifice/To give in charity/My father’s house of worship/Has become a den of thieves/Stealing in the name of the Lord/Stealing, stealing, stealing/Stealing, stealing/Stealing in the name of the Lord/Stealing, stealing, stealing/Stealing, oh stealing/Stealing in the name of the Lord/Oh stealing, stealing/Stealing in the name of the Lord”

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Why there is grinding and multidimensional poverty in the land is because of the mindless corruption and stealing that has ravaged, and still ravages, the land. It is not only politicians who steal, even those who profess to preach the word of God and lead/feed His flock are not spared.

So-called prophets who stalk politicians! Birds of a feather! Prophecies for sale! Visions for the highest bidder! Worse than those days when the Catholic Church commercialised salvation by selling indulgences to those who would make heaven! But we must have a rethink.!

Decades of pillaging of the national coffers have left a gaping hole that will take more decades to fill.

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Yet, rather than for the task of national redemption to have started in earnest, the rot continues undetered. Government policies and measures continue to deepen the misery of the people.

The rich get richer while the poor get poorer. Money saved from subsidy removal and turned over to the three tiers of government have not percolated to the grassroots.

We hear, and read, of the quantum of money shared by the three tiers of government on a monthly basis; yet, we cannot see or say where it goeth.

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Government’s subsidy alleviation alleviates nothing. The “improvements” in the parlous state of the economy inherited from the ruinous Muhammadu Buhari administration are more of government statistics that do not reflect substantially in the poor’s living conditions.

But things cannot continue this way! If I cannot speak for anyone else, I can speak for myself: My patience with the government is running thin.

We must remake this country! And we must start to do so in earnest. Jimmy Cliff’s “Remake the world” spoke to the urgency of the need to quickly remake Nigeria: “Too many people are suffering/Too many people are sad/Too little people got everything/While too many people got nothing/Remake the world/With love and happiness/Remake the world/Put your conscience in the test/Remake the world/North, south, east and west/Remake the world/Gotta prove that (you) are the best, yeah”

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“Too many people are suffering/Too many people are sad/Too little people got everything/While too many people got nothing/Remake the world/Come (put) on human dignity/Remake the world/Wipe (out) strife and poverty/Remake the world/Get racism from your sight/Remake the world/Be you black, be you white, yeah/Too many people are suffering/Too many people are sad/Too little people got everything/While too many people got nothing/Remake the world/With love and happiness/Remake the world/People, put your conscience to the test/Remake the world…”

The task is more urgent now than ever before. Time is running out. The political elite must understand that they have everything to lose if they allow the poor themselves to seize the initiative. And I see that happening sooner than later.

Our leaders cannot continue to ask us to tighten our belts while they loosen theirs. They cannot demand more sacrifice from us when we see them live life to the hilt.

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Christmas is here – what do our leaders do for the poor? Are the rich the only ones – and their families – that must celebrate? We the poor also have a right to celebrate in our own little corners.

New Year beckons and it is not only the privileged few that must enter it with singing and dancing.

We the poor also want to enter the new year with rejoicing and some “feferity.” They deny us this at their collective peril!

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Says Jean Jacques Rousseau (in “The Social Contract”): “The strongest is never strong enough to always be the master unless he transforms strength into right, and obedience into duty.”

Also read: Dangote Pushes for Independent Investigation into NMFPRA Spending

If anyone thinks the suffering poor will be held down forever, they make a mistake! We the poor shall soon stir, and when we do, we shall smatch our chains! And like Karl Marx posits (in “The Communist Manifesto”), the poor have nothing to lose but their chains!

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Opinion

A historic Niger Delta investment summit holds in Port Harcourt

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Niger Delta

By Ehi Braimah,

 

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When I wrote in April about “Beyond oil: Niger Delta attracts investments for economic growth and development,” the central argument was straightforward: Niger Delta must begin to look beyond crude oil and deliberately position itself as a diversified investment destination.

Also read: Ehi Braimah Set to Shape Rotaract Nigeria’s Branding and Public Image

At the time, the Niger Delta Economic and Investment Summit (NDEIS) was scheduled for May. The summit, with the theme, “Driving investment, innovation, and industrial growth in the Niger Delta,” was subsequently postponed, but the additional preparation time has arguably made the event even more significant.

From September 15 – 17, 2026, Port Harcourt, Rivers State, will host what promises to be a defining conversation about the economic future of Nigeria’s Niger Delta region comprising nine states: Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Rivers.

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The venue is the Obi Wali International Conference Centre, an appropriate setting for a summit that seeks to bring together government, business, investors, development institutions, financial institutions, professionals, entrepreneurs and other stakeholders around one overriding objective: transforming the enormous economic potential of the Niger Delta into sustainable investment and jobs.

This is not intended to be another talk shop. The organisers of the summit, the Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA), have positioned NDEIS as a structured investment marketplace designed to connect global capital with bankable projects and supportive public policy.

The summit’s stated ambition is substantial: more than 1,000 delegates, over 100 exhibitors, at least 30 bankable projects in the Deal Room and a target of up to $50 billion in investment commitments.

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Those are ambitious numbers, but ambition is precisely what a region as strategically important as the Niger Delta requires.

Ambassador Idaere Gogo-Ogan, NDCCITMA chairman and convener of the summit, framed the ambition plainly during a pre-summit media briefing held earlier in March. “The region is ready to deliver 500,000 new jobs, inclusive of investment drive and wealth creation,” he said, describing the summit as a platform to deliberate on “investment mobilisation, enterprise growth, industrial expansion, and regional coordination.”

A gathering of influential Nigerians and global investors

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The summit is expected to attract a formidable gathering of political leaders, captains of industry, investors, development partners, regulators, financial institutions, academics, professionals and entrepreneurs.

President Bola Ahmed Tinubu is expected to declare the summit open, adding a significant federal dimension to an event whose focus is regional economic transformation.

The Rivers State Governor, Siminalayi Fubara, is expected to serve as Chief Host, while the Niger Delta Development Commission (NDDC) is a key institutional partner.

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The participation of the governors of the Niger Delta states is particularly important. The region’s economic future cannot be addressed successfully by any single state acting alone.

The governors therefore have an opportunity to use the summit to demonstrate that the Niger Delta can move from competition among states to strategic economic collaboration.

For investors, the message should be clear: the region is open for business.

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The Niger Delta has traditionally been identified overwhelmingly with oil and gas. Yet, its economic possibilities extend much further.

The summit has identified seven strategic sectors: agro-industrial development and food security; blue economy and marine industries; oil, gas and energy transition; manufacturing, industrialisation and special economic zones; tourism, culture and the creative economy; digital economy, innovation and human capital; and access to finance and investment capital.

These sectors represent the bridge between the Niger Delta of yesterday and the Niger Delta of tomorrow.

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A keynote speech with a powerful message

One of the major attractions of the summit will be the keynote address by Aigboje Aig-Imoukhuede, CFR, Chairman of Access Holdings Plc. Mr. Aig-Imoukhuede’s profile is particularly relevant to the investment conversation.

He is an investor, banker and philanthropist whose career has spanned banking, finance, investment, insurance, technology, real estate and energy.

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As former Group Managing Director of Access Bank, he played a major role in transforming the institution into one of Nigeria’s leading banks.

His keynote will therefore go beyond rhetoric. The Niger Delta region and other summit participants will be hearing directly from an expert who understands capital, risk, entrepreneurship, corporate governance and the difficult process of turning opportunities into investment propositions.

The central question should be: how does the Niger Delta move from possessing resources to creating investable assets?

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That distinction is critical. Investors do not invest merely because a region has resources; they invest where there are bankable projects, credible institutions, predictable policies, infrastructure, security, competent human capital and reasonable prospects of return on investment.

From conference hall to Deal Room

Perhaps the most important feature of NDEIS is its Deal Room. This is where the summit can distinguish itself from conventional conferences with opportunities for access to markets, technology and capital.

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A successful summit should not be measured only by the quality of speeches delivered or the number of dignitaries who attend. Its ultimate test should be what happens after the speeches.

Did investors meet project promoters? Were projects subjected to serious investment scrutiny? How were financing conversations initiated? Were memoranda of understanding signed? Did companies commit capital? Did governments provide investment incentives?

The planned Deal Room has witnessed increased interest from participants and investors with over 30 investment-ready projects received to date, and it clearly provides an opportunity to answer those questions. If properly managed, it could become the engine room of the summit.

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Exhibitions that tell the Niger Delta story

The exhibition component is equally important. With more than 100 exhibitors expected, the summit provides an opportunity for companies, states, government agencies, SMEs and entrepreneurs to showcase what the Niger Delta can produce.

The exhibition floor in an air-conditioned marquee will tell a compelling story: that beyond crude oil, there are agricultural products, manufacturing enterprises, technology companies, tourism assets, creative industries, maritime businesses, energy opportunities and innovative young entrepreneurs.

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This is where the summit’s investment narrative becomes tangible. An investor should be able to walk through the exhibition arena and see opportunities rather than merely hear about them from a podium.

The intellectual architecture

The quality of the summit will also depend on its panelists, moderators and rapporteurs.

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The organisers have assembled speakers from government, business, finance, academia, energy, maritime industries, technology, law, investment promotion and other sectors.

The published speaker list includes senior figures such as NDDC Chairman Chiedu Ebie, NDDC Managing Director/CEO Dr. Samuel Ogbuku, SEC Director-General Emomotimi Agama, and Renaissance Africa Energy Company CEO Tony Attah.

Others include Rivers State Investment Promotion Agency Director-General Chamberlain Peterside, former NDDC Managing Director Timi Alaibe, former University of Port Harcourt Vice Chancellor Professor Joseph Ajienka, Starzs Marine & Engineering Limited Chairman Greg Ogbeifun, and several other experts.

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The moderators have an equally important responsibility. A good moderator must move a panel beyond prepared speeches and polite exchanges.

The hard questions must be asked: what exactly are the investment opportunities? Who will finance them? What are the risks? What incentives are available? What reforms are required? How will investors repatriate profits? What happens to host communities? How will environmental sustainability be guaranteed?

The rapporteurs, meanwhile, have the responsibility of capturing the substance of the conversations and translating them into actionable recommendations. That is how a summit becomes a roadmap.

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The media must tell the story

A summit of this magnitude also deserves substantial media coverage. The media should not merely report who attended and who spoke; it should tell the larger story of an economically strategic region attempting to redefine itself.

There would be sustained coverage before, during and after the summit across television, radio, newspapers, digital platforms and social media.

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Interviews, special reports, investment stories, business features, photographs, short videos, social-media content and post-event analysis are also planned to ensure that the conversation does not disappear when delegates leave Port Harcourt.

Indeed, the summit presents an opportunity to change the narrative about the Niger Delta – from a region predominantly associated with oil, environmental degradation and conflict to a region increasingly associated with enterprise, investment, innovation and economic opportunity. That narrative shift is itself an investment asset.

The importance of end-to-end event management

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For a summit of this scale, content and execution matter. A world-class summit requires an end-to-end event management experience: delegate registration and accreditation, protocol, airport arrivals and departures, transportation, accommodation, venue management, stage production, branding, exhibition management, audiovisual production, security, hospitality, media operations, digital engagement, networking, VIP management and post-event reporting.

Every touchpoint is crucial. The experience of a foreign investor arriving at the airport, being received, transported to the hotel, accredited at the venue, guided through the exhibition, introduced to relevant project promoters and followed up after the summit can influence his or her perception of the region.

World-class events are therefore not defined only by beautiful stages and impressive speeches, but also by a seamless execution. Official summit consultants are: Dr. Tony Epelle, CEO of Samuelson Advisory Partners & coordinating consultant; Ono Akpe, CEO of Red Sapphire; Donald Okudu, CEO of Mesh Ads, and Ehi Braimah, CEO of Neo Media & Marketing

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A summit that must produce results

The Convener and organisers deserve commendation for placing investment at the centre of the conversation, but expectations must remain high.

The Niger Delta has hosted numerous conferences and stakeholder meetings over the years. What the region needs now is not another declaration of intent – it needs implementation.

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NDEIS provides an opportunity to create a pipeline of projects, facilitate investment partnerships, strengthen public-private collaboration and establish measurable commitments.

The summit’s ambition of attracting up to $50 billion in investment commitments is bold.

But the real measure of success will be the quality of investments eventually deployed, the jobs created, businesses established, infrastructure delivered and value retained within the region.

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The Niger Delta is too important to Nigeria’s economy to remain defined by its oil wealth alone.

It is home to a large population, an extensive coastline and waterways, vast agricultural possibilities, significant energy resources, a vibrant culture and enormous human capital. The region’s transformation therefore has implications far beyond the nine states.

Dr. Solomon Edebiri, NDCCITMA secretary and local organising committee chairman, says the summit is a “strategic initiative designed to reposition the Niger Delta as a competitive hub for investment, enterprise development, and sustainable industrialisation.” While the world knows the Delta for oil and gas, its real legacy, he argued, rests on a “wealth of diverse and largely untapped opportunities” that the gathering aims to unlock.

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As Port Harcourt prepares to welcome delegates, development partners and experts from Nigeria and beyond, the Niger Delta Economic and Investment Summit represents an opportunity to begin a new chapter.

The challenge is to convert conversations into commitments, enhancing access to markets and technology, deployment of capital and achieving productive economic activities.

Also read: Ehi Braimah Set to Shape Rotaract Nigeria’s Branding and Public Image

That is the real meaning of Beyond Oil. And it explains why the Niger Delta Economic and Investment Summit in Port Harcourt could become a historic moment – not simply because of the VIPs who attend, but because of the investment decisions and economic partnerships that emerge from it.

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The Niger Delta region is ready to tell a new story.

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