How to turn a state with N1.2b monthly IGR in 1999 into a N6.9b state in 8 years is one thing we all want to learn from the former governor of Lagos State, Senator Bola Tinubu. The 500% increase in IGR is nothing but phenomenal. Successive governments have managed to stretch this further incrementally to its current N45 billion monthly. But why is he yet to give the formula to Buhari? While Lagosian knows how much the State generates yearly, they don’t know the details of how it is spent. Kudos for the publication of the State’s yearly financial statements which tells part of the story but do not tell us details yet.
Also, what
many Governors would like to learn from Tinubu is how to be a billionaire
without any business. This is the biggest wealth hack which should avail him a
teaching position at Harvard or London Business School. Every company we know
linked to Tinubu has been denied by him, yet he is stinkingly rich. It is reported that Sanwo-Olu
has recently increased Alpha Beta’s monthly commission or allocation from N800
million to N2.5 billion. This means that Tinubu collects over 5% of
Lagos IGR from the state monthly. But with a 3rd party ownership
structure, it is easy to deny his involvement. Ten years ago, Dr Ademola
Dominic questioned the propriety of Alpha Beta’s commission scheme and sought
more details into the business relationship with the State government. Fashola
refused and his refusal is a red flag. Why is public finance shrouded in
secrecy if it is fair and just?
By
law, Lagosians enrich Tinubu yearly through the sleazy ex-Governors allowance
of 300% salary, cars, healthcare (which has recently become a monthly foreign
ritual), pensionable domestic workers, security personnel, Abuja home, and
other benefits. Don’t mention off-record property allocations without due
process which includes conversion of public properties.
It
is indisputable that Lagos is a unique state with many attractions. Federal
presence in Lagos includes federal governments institutions, liaison offices,
international and local airports, seaports, coastal beaches, a national theatre, a
national stadium, specialized banks, companies’ registry, several government
institutions, educational institutions, and parastatals, all of which combine to make
sure Lagos never sleeps and contributes in no small measure to the wealth
enjoyed by Lagos today. The importance of the former longest bridge in Africa
at 11.8 km linking the mainland to the island is colossal to trade and
commerce. If it is undisputed that Tinubu did not facilitate any atom of these,
then we can agree that Lagos was long built before 1999.
Imagine
for a moment that the FCT is moved away from Abuja tomorrow and someone comes
after some decades to lay claim to building Abuja after constructing and
resurfacing some intracity roads, some 100 meters overhead bridges, planting flowers,
and sweeping the roads! Tinubu’s followers compare a former capital territory
created in 1967 to Anambra created in 1991 which a few years ago was still unearthing
civil war landmines of the late 60’s. Images of Lagos in the 60’s and 70’s are
all over the internet and the efforts of several former Heads of State in
Lagos stare us in the face daily, but the allies choose not to acknowledge
them. Yes, we had the molue and bad roads, but are we saying we don’t have
rickety roads on Lagos roads today or that the roads are in perfect shape? Jakande
built the secretariat, house of assembly complex, low-cost estates, general hospitals,
and numerous other projects just in four years. Tinubu just needed to upgrade
the hospital, but no, he ‘built’ Lagos and forgot to upgrade the hospital
already built for him. If he did, then he should stop travelling abroad to
another hospital every month at the expense of Lagosians.
Tinubu
has repeatedly stated that he will replicate his Lagos mojo in Abuja. If this
includes increasing the IGR, it also includes enriching himself. For every N100
Tinubu’s company collects, over N5 goes into his pocket. We know from the statement on
oath of Dapo Apara that Tinubu owns Alpha Beta. The company has its business in
many other States beyond Lagos and they are not experiencing the Lagos mojo
because it is no mojo. You simply cannot give what you don’t have. The
uniqueness of Lagos with the infrastructure of a former Federal Capital
Territory as stated above is what makes it able to generate revenue as much as
it does. Again, there is the ethical revenue generation in the areas of income
taxes which is the duty of LIRS and not Alpha Beta and most annoying the
unethical revenue generation as exemplified by LASTMA particularly. Not long
after LASTMA was created a year after Tinubu’s stewardship in Lagos, it became
a revenue-making agency rather than a traffic agency. With a set target of revenue yearly, it is
beyond doubt that there will be injustice in its operation, and I can attest to
it that trials in court are formality as personally experienced. What Tinubu
created was a beast to extort and inconvenience Lagosians daily. The penalties
range from N20,000 to N100,000. The big IGR of Lagos is more of a rip-off in
many shades. The Lagos state MVAA has perhaps the highest rate for vehicle
licensing in Nigeria, others are motorcycle riders licensing scheme, commercial
vehicle stickers fee, unjust tolls on roads, signage and advertisement costs increasing the IGR. All these compounds cost of businesses on Lagosians.
Tinubu
is a model crook cum politician, able to deceive and blur the footpaths of a
shady past with a dependent army of sworn followers, a piece of the media
space, and most importantly a host of pawns in various offices from the State
level to the Federal, with a Governor in Lagos who is not actually a ‘Governor’,
and those in the federal executive currently managing a battered nation.
Nigeria’s
problems are multi-faceted, and I do not envy the next President. But I am sure
the Tinubu that said, ‘…your voter card is expired, they may not have told
you’, the one that implied that labourers are the wretched of the earth, the
one who thinks Boko Haram would end by employing 50 million youths is not going
to take us anywhere. We may not all agree with Hundeyin reportage but please
how did the young daughter pay millions of dollars for that property? We would
be fools not to reject Tinubu at the polls if we say we want a better country
than we have.
The
few owners of Lagos make personal gains from the inconvenience passed to
Lagosians daily and inflated contract like the rail-line, road tolls,
self-allocated properties, and are the ones entitled to claim Lagos as ‘Our
Lagos’. The earlier we realise this, the better for us and the need to reclaim
it from them. Àwa la lèkό!
But who are we? Shareholders, taxpayers, or party members? This is a question
that begs for answers next election.
