Of Akpabio’s 10th Senate and the Rubber-stamp Tag?

By Jackson Udom

Since the inception of the current Republic in 1999, the description rubber-stamp has remained a recurrent decimal in the Legislative/Executive relationship.

From the sub-national legislative houses to the National Assembly, the erroneous belief about the law-making arm of government being subservient to the executive arm resonates in political discourses and conversations. It became more pronounced during the Ahmed Lawan-led 9th Senate, which witnessed a sharp departure from the confrontational approach of the BukolaSaraki-led 8th Senate.

The Britannica Dictionary defines rubber–stamp thus: “to approve or allow (something) without seriously thinking about it.”

In the thinking of critics of political activities and developments since the advent of democracy, it is only a confrontational legislature that can achieve its purpose in the scheme of things, while a collaborative or supportive legislature is always said to be a rubber-stamp.

With the above unambiguous definition of the word rubber-stamp, the million dollar question then is, is the 10th Senate under the leadership of Senator GodswillObotAkpabio, truly a rubber-stamp legislature? The Akpabio-led Senate has faced scrutiny over whether it operates as a rubber-stamp legislature, merely endorsing executive decisions without critical oversight or not. But is this scrutiny justified?

In retrospect, when the current leadership of the Senate was birthed on 13th June 2023, it was very much aware of the age-long branding of a collaborative legislature as a rubber stamp, but it wasn’t in doubt that it was ready to put the interest of Nigerians first and above primordial sentiments.

From the outset, the 10th Senate made it clear to Nigerians that it was more determined to ensure that they get the true dividends of democracy through the passing of robust and life-changing laws rather than playing adversarial roles against the executive. Of the truth, who does legislative rascality and uncooperative stand against the executive help in the long run? No one.

Akpabio has also been consistent in stating that his leadership won’t be a rubber stamp, emphasising the Senate’s commitment to representing Nigerians’ interests at every of its sitting. Specifically, President of the Senate, GodswillAkpabio, had in one of his media comments, declared the readiness of the 10th Senate under his watch to partner with the executive in the overall interest of Nigerians.

He said “some people believe we were voted into office as lawmakers to wear boxing gloves against the executive. That is not why we are here. We will rubber-stamp any executive bill that will positively impact the economic and social well-being of Nigerians and if that decision to cooperate with the executive in the overall interest of our people has made us a rubber-stamp Senate, so be it.”

As a reflection of that determination to serve Nigerians’ interests and to put national interest above combative and adversarial tendencies just to massage the ego of conspiracy theorists who would love to see the Senate always up in arms against the executive, the 10th Senate, has recorded key achievements and developments. These achievements have, interestingly, come out of its independence but cordial relationship with the executive, with the Senate’s success in halting the hike in Electricity Tariff coming top of many interventions and showing the Senate’s willingness to intervene in matters affecting Nigerians’ welfare.

The Senate also delayed the confirmation of three ministerial nominees from the executive, while it disqualified some, demonstrating its commitment to thorough vetting processes.

In exercising its powers, the Senate also turned down approval for the planned deployment of Nigerian troops to Niger Republic, emphasising the need for diplomatic measures to be exhausted first. That disapproval for the deployment of troops highlighted the Senate’s role in shaping national security decisions.

Also, despite its being branded a rubber stamp, the Senate has passed several landmark bills, including the Student Loan Act Amendment Bill, Electricity Act Amendment, Tax Reforms Bills, and Regional Development Commission Bill. These bills aim to promote economic reforms, youth empowerment, and regional development.

In the area of oversight, the Senate has exercised its authority in the area of governance, summoning security chiefs to address insecurity issues and reviewing executive decisions.

Could a “rubber stamp” legislature achieve the above if it had been pocketed by the executive arm of government? With the 10th Senate having passed 96 bills, with 52 assented to by Mr. President, including the Minimum Wage Bill, Judicial Office Holders Salaries and Allowances Bill, and Investments and Securities Bill, it has shown that strength lies in collaboration rather than needless confrontations.

The Akpabio-led Senate has championed a multifaceted approach to national security, focusing on poverty reduction, unemployment, and social inequality as key factors fueling insecurity.

All these were achieved because Akpabio has demonstrated a leadership style that combines diplomacy with firm decision-making, fostering an atmosphere of cooperation among senators from different parties. The Senate has maintained a collaborative relationship with the executive arm of government, while emphasising legislative independence. And, as a result, Senator Akpabio has continued to succeed in ensuring stability and unity in the Senate, with senators passing a vote of confidence in his leadership on multiple occasions.

While opinions will continue to be divided over whether or not the 10th Senate deserves to be tagged a rubber stamp Senate, one thing is clear; it has excelled where past Sessions of the Senate failed, achieving impact on national unity and wellbeing and registering its mark on major policies that affect millions of Nigerians. If being of greater service to the interests of Nigerians and ensuring the ship of the country continues to sail smoothly are what it takes to be a rubber stamp, then critics of the Akpabio-led Senate can take a bow.

For the 10th Senate under Akpabio’s leadership, navigating a balance between cooperation with the executive and exercising its legislative powers with the ultimate goal of making Nigeria better and greater and bringing about a renewed hope for all Nigerians remain sacrosanct and no amount of criticism will derail that sole objective.

•Udom, is Special Assistant, Media To The President Of The Senate

FEATURE

Nigeria’s Advertising Rebirth: Charting a New Path Forward

The 52nd annual general meeting of the Association of Advertising Agencies of Nigeria (AAAN), held in Ibadan Oyo State, recently provided fresh opportunities for Ad practitioners to retool their industry in line with current global trends amidst digital revolution, staff remuneration and agency/client’s relationship. RaheemAkingbolu reports.

The world is constantly changing and evolving, with new ideas and innovations emerging daily. According to a recent article from Sogeti Labs, new ideas build upon previous ones, creating a continuous cycle of progress. This evolution is driven by technological advancements, social changes, and the human desire to improve and create. This aptly describes the situation the marketing communication industry has found itself globally.

From Africa to Asia and Europe market, the realisation that the digital revolution has fundamentally reshaped the advertising landscape, shifting it from a mass-market, one-size-fits-all approach to a highly targeted, personalized, and data-driven model, has increasingly put practitioners on their toes. Of course, this transformation is driven by increased internet accessibility, mobile device usage, and the rise of social media platforms.

Like other parts of the world, Nigerian practitioners are not leaving any stone unturned in their determined efforts to deepen practice to be able to compete favourably with the rest of the world. In the last 10 years, the efforts appear to be yielding expected results as a few ad agencies are now slugging it out with foreign agencies to win more multinational businesses and clinching global awards. In line with this drive, members of AAAN converged on the city of Ibadan last week to review their operations and challenges, hence the theme of the AGM, “Charting Bold Paths Forward,”.

Beyond the main business of the annual gathering, the association also used the event to showcase the country’s cultural heritage, inducted eight new member agencies, as well as creating a platform for networking and interaction among members.

Speaking at the event, AAAN President, LanreAdisa, while calling for creative rebirth, urged practitioners to embrace bold thinking, radical reinvention, and deeper collaboration as the only viable path to sustainable progress.

Adisa noted that the theme of the 2025 AGM was deliberate and meant to awaken the consciousness of the players to the emerging trend in the industry. He pointed out that the theme was a declaration of intent and a challenge to the entire ecosystem to keep moving forward despite the uncertainties of a rapidly evolving landscape.

Quoting Dr. Martin Luther King Jr., Adisa said, “If you can’t fly, run; if you can’t run, walk; if you can’t walk, crawl—but whatever you do, you have to keep moving forward.” He stressed that the industry must not only keep pace with global shifts in technology and consumer behaviour but must also take charge of shaping its own future with clarity and courage. “Technology is not the enemy. Fear is,” he declared. According to him, amid a wave of digital disruption, declining barriers to entry, and rapidly changing rules of engagement, Nigerian agencies must remain anchored in human insight, cultural truth, and the power of connection. “What truly sets us apart is not just our tools—but our truth,” he said.

A Call for National Recognition

The Ibadan gathering also provided another opportunity for the practitioners to fire a salvo to the government at all levels to give more recognition to the industry and the practitioners. Over the years, the leadership of the association has consistently clamoured for more recognition and reeled out the values they were bringing to the nation’s economy. In 2014, the industry the industry took the bull by the horn by organising a national seminar on political advertising as an ample opportunity to open up on their relevance to national development.

 In Ibadan, where the Director General of Advertising Regulatory Council of Nigeria (ARCON), Dr. LekanFadolapo stood in for the Minister of Information and National Orientation, Alhaji Mohammed Idris, the AAAN President called on government at all levels to give the industry the attention and support it deserves. He lamented the continued absence of an ARCON Governing Council, describing it as a major impediment to regulatory effectiveness and industry advancement. “It is of great concern that we have done over ten years without a Council,” he said. “We have transitioned from APCON to ARCON, one administration to another. Yet, we don’t have a Council.” He also urged the federal government to adopt a Nigeria First policy by mandating that only ARCON-certified agencies should be allowed to bid for all marketing communications contracts involving MDAs. This, he said, would not only elevate the quality of government messaging but also ensure that local agencies thrive and contribute more meaningfully to national development.

He thanked Fadolapo for his commitment and passion, describing him as “indefatigable” and likening him to the British Marmite brand—“love it or hate it, but impossible to ignore.” Adisa applauded his role in introducing the Advertising Industry Standard of Practice (AISOP), which he said had begun to address long-standing challenges in client-agency relationships. However, he insisted that there is still much more to be done, and reaffirmed AAAN’s willingness to collaborate with ARCON and other sectoral bodies to refine AISOP and work together on strategic initiatives such as the Stock Image Project and Online Advertising Regulation.

He noted that the industry is fast approaching a historic milestone: the centenary of advertising in Nigeria, which comes up in 2028. “That’s a century of building brands, promoting businesses, and shaping the national conversation,” he said. While acknowledging the accomplishments of the past, he urged the industry not to rest on its laurels but to be even more ambitious about what lies ahead. “Let us ask the hard questions. Let us embrace the tough solutions. Let us imagine bolder futures—not just for our agencies, but for our industry as a force for national development, cultural identity, and economic growth,” he added.

Re-envisioning the Place of Advertising in the Marketing Mix

Fadolapo, while congratulating the association for constantly reinventing, reiterated the importance of regulation to ethical advertising practice.

As a prelude to the panel discussion which focused on: Policies and regulations shaping the sector’s future; Strategies for fostering a dynamic and sustainable creative economy; as well as Pathways for agencies to respond to disruption with creativity and agility, Fadolapo took members of the association through a few interventions of the regulatory body, which has saved the country of many national embarrassments.

The keynote speaker, who is also the CEO of Impact Hub Lagos, IdowuAkinde, set the ball rolling by taking a cursory look at the industry at large and admitting that the challenges affecting the local advertising industry are not unique to Nigeria but a global phenomenon.

As the MD/CEO of Impact Hub Lagos, Akinde stated that his daily language revolves more around MVPs, pivots, and pitch decks. According to him, all 120 Impact Hubs in 70 countries around the world together foster innovation, offering co-working spaces, vibrant communities, and programs that champion everything from budding entrepreneurs to the United Nations’ SDGs (Sustainable Development Goals). “Therefore, on a day to day, I’m in the trenches with founders, nurturing the chaotic, often messy – but always exhilarating – process of building startups from the ground up. But as I read your theme for this 52nd AGM – “Charting Bold Paths Forward” – and the powerful words in your invitation, such as “the fierce urgency of now,” “disruptive innovations,” and “re-imagining traditional models”, I realised we are speaking the same language after all.” he stated.

He, however, pointed out that the challenges practitioners face in Nigeria – rapid technological advancement, shifting consumer expectations, economic volatility, global uncertainties, and national vulnerabilities – are the very forces that define the startup ecosystem. “You all are in the business of building iconic brands; and we are in the business of building disruptive companies. At the end of the day, we’re about the same thing: rallying people behind an idea.

“The challenges affecting the local advertising industry are not unique to Nigeria – they’re actually global challenges being faced by all advertising firms around the world – think AI (Artificial Intelligence), shrinking budgets on the client side, and shifts in the regulatory landscape on an ongoing basis. So it’s not just the local scene, it’s a global problem. The topic of this conference is evidence that our local agencies aren’t satisfied with just reacting anymore – you all are here today because you’re proactively pushing for a re-envisioning of what advertising agencies actually do – especially in the larger context of macro sociological factors such as AI. For instance, rather than wait for clients to take positions regarding AI, why not do the hard work – on their behalf – of re-imagining their future in an AI world, and then helping them navigate that journey?” Akinde said.

The post Of Akpabio’s 10th Senate and the Rubber-stamp Tag? appeared first on THISDAYLIVE.

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    With Renewed Confidence, Stock Market Gains N26.01trn in Eight Months

    With Renewed Confidence, Stock Market Gains N26.01trn in Eight Months

    ·                     NGX capitalisation jumps 41.4% to N88.77trn

    ·                     FX stability, bold reforms, corporate resilience fueling rally

    ·                     Analysts project market to cross N100trn mark before end of 2025

    Kayode Tokede

    With renewed confidence, the stock market has delivered a stunning performance, gaining N26.01 trillion in just eight months.

    Driven by strong investor appetite, bold policy shifts, and a wave of corporate resilience, the rally signals not just numbers on the trading board but a broader story of optimism and recovery.

    Specifically, the market capitalisation that opened 2025 at N62.763 trillion, gained N26.01 trillion or 41.43per cent in eight months to close yesterday, the last trading day in August at N88.769 trillion.

    Also, the Nigerian Exchange Limited All-Share Index (NGX ASI) closed yesterday, at 140,295.50 basis points, advancing by 37,369.10 basis points or 36.31 per cent year-to-date (YtD) from 102,926.40 basis points it closed for trading in 2024.

    Capital market analysts attributed the stock market N26.01 trillion growth to stability in the foreign exchange market, companies recovering from foreign exchange losses, market liquidity, capital inflow, dominance of domestic investors, increasing portfolio investment, Central Bank of Nigeria’s (CBN) banking sector recapitalisation, and insurance sector reforms. All these, they pointed out, have played  critical role in overall stock market appreciation in the growth so far in the first eight months of 2025.

    So far in 2025, the stock market has seen the Monetary Policy Committee of the CBN retaining interest rate at 27.50 per cent, inflation rate moving to 21.88 per cent as of July 2025 from 15.44per cent in December 2024, listing by introduction of Legend Internet Plc and banks announcing the outcome of fresh capital raising on the  Exchange.

    Also, yield on Nigerian Treasury Bills  (NTB) has dropped to 15.61 per cent as of July 2025 from  18.00 per cent. 

    In the eight months under review, several stocks listed on the NGX have recorded strong month-to-date appreciation, reflecting heightened foreign investor confidence driven by improved macroeconomic indicators and robust corporate earnings.

    THISDAY checks showed that out of the N88.769 trillion market capitalisation, BUA Foods Plc contributed 11.96 per cent when its market capiitalisation closed yesterday, at N10.62 trillion, followed by MTN Nigeria Communications Plc that contributed 10.3 per cent amid N9.13 trillion market capitalisation as of August 29, 2025. 

    The growth in BUA Foods stock price impacted on NGX Consumer Goods Index on the NGX to emerge as the best performing index, while the NGX Oil & Gas Index maintained its position as the worst performing index on NGX.

    As NGX Consumer Goods Index appreciated by 84.24per cent YtD, NGX Oil & Gas plummeted to -12.19 per cent in its YtD performance. 

    Capital market analysts noted that the corporate earnings reports of H1 2025, among other factors, encouraged investors seeking high returns in a volatile macro environment.

    The Managing Director, Globalview Capital Limited, Mr. Aruna Kebira in a chat with  THISDAY,  noted  that the  stock  market  in the eight months of 2025, benefitted from drop in inflation, among others.

    “The yields in the money market are not looking as attractive as they were in 2024, making discerning investors in search of better yields consider the capital market as their investment destination.

    “In the last MPC, the MPR was retained, including other metrics. This is sending positive signals that, as the inflation figure and money market yields are downward looking,  the MPC would have a reason to tinker the MPR downward. Which is not always fixed income friendly,” he added.

    He predicted that the stock market in  September 2025, would be hinged on the quality of the audited half year results and account of Zenith Bank Pl, among others.

    “If the various issuers demonstrate a performance higher than the corresponding period of 2024 and declare an impressive interim dividend, the stock  market will move to appreciate their prices.

    “I also see an improvement in the liquidity around the stock market arena, which will boost market participation and invite the bull into the market,” he added.

    For his part, the Managing Director and Chief Executive Officer, APT Securities and Funds Limited, Kasimu Garba Kurfi, projected that the market capitalisation was expected to surpass the N100 trillion mark by the end of 2025, buoyed by foreign exchange stability, strong corporate fundamentals, and increased primary market activities.

    Kurfi identified key drivers of the 2025 market rally, including the elimination of foreign exchange-related losses by companies.

    He pointed out that in 2024, listed firms posted pre-tax FX losses of N507.2 billion, up from N359 billion in 2023, representing a combined N867 billion in losses.

    “In 2025, we have seen zero FX losses due to exchange rate stability, and this has significantly boosted investor confidence,” he said.

    The APT Securities boss said the signing of the Nigerian Insurance Industry Reform Act (NIIRA 25) has triggered a rally in insurance stocks, while the CBN’s bank recapitalisation programme has revived the primary market, attracting over N2 trillion in 2024, with similar volumes anticipated in 2025.

    Capital market analysts noted that sustaining this momentum in the remaining of 2025 will depend on the continuation of stable and credible economic policies.

    The Vice President, Highcap Securities, David Adonri noted that the equities market so far in 2025 has witnessed massive interest in the recovering major stocks such as Airtel Africa, Nestle Nigeria Plc, Nigerian Breweries Plc, Cadbury Nigeria Plc, MTN Nigeria Communications Plc, and others which propelled the rally.

    In addition,  analysts at Cordros Research stated that, “We believe the domestic equities market might respond positively to the MPC’s decision to pause interest rate ikes as investors assess the likelihood of policy easing in the medium term.

     “We also expect to see some rotation into sectors positioned for expansion in a lower-rate environment, particularly the manufacturing sector, as lower financing costs, improved input cost dynamics, and stronger consumer demand enhance growth prospects, making the sector more attractive to investors

    The post With Renewed Confidence, Stock Market Gains N26.01trn in Eight Months appeared first on THISDAYLIVE.

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    ·                     NGX capitalisation jumps 41.4% to N88.77trn ·                     FX stability, bold reforms, corporate resilience fueling rally ·                     Analysts project market to cross N100trn mark before end of 2025 Kayode Tokede With renewed confidence, the
    The post With Renewed Confidence, Stock Market Gains N26.01trn in Eight Months appeared first on THISDAYLIVE.

    Jonathan Has Not Ruled Himself Out of 2027 Contest, Says Cousin

    Jonathan Has Not Ruled Himself Out of 2027 Contest, Says Cousin

    ·Bala Mohammed: PDP considering former president, Obi for 2027 presidential ticket

    Chuks Okocha in Abuja

    Former President Goodluck Jonathan has denied reports suggesting that he has abandoned plans to contest the 2027 presidential election, describing the publication as false and misleading.

    Jonathan’s cousin, Azibaola Robert, who debunked the report in a statement on his verified Facebook page, however, declined to confirm if the former president has decided to contest in 2027.

    The denial followed a report that Jonathan had opted not to pursue a second-term ambition so as not to disrupt Southern unity ahead of the polls.

    Although the former president has not formally declared his candidacy, strong indications point to ongoing nationwide consultations with political stakeholders as part of moves to actualise a potential comeback bid.

    Azibaola, who faulted the news report, wrote: “The story is completely false. Former President Jonathan never said he would not contest in 2027. The so-called aide quoted in the publication does not exist.”

    The clarification comes amid growing speculation over Jonathan’s political future.

    While he has not officially announced his intention to run, his cousin stressed that he has equally not ruled himself out.

    “The former president has made it clear that he would not yield to calls not to run, since those making such admonitions had selfish motives,” Azibaola said, without disclosing when Jonathan might formally declare his ambition.

    Jonathan, who served as president between 2010 and 2015, remains a formidable figure in Nigeria’s political landscape.

    Meanwhile, Governor of Bauchi State, Bala Mohammed, has said the Peoples Democratic Party (PDP) is considering Jonathan or Peter Obi, ex-governor of Anambra, to possibly lead the party to the polls in 2027.

    His comment comes in the wake of the PDP’s decision to zone the 2027 presidential ticket to the South.

    On Wednesday, Abba Moro, Senator representing Benue South, said some individuals have been engaging with Jonathan and Obi over a potential return to the PDP.

    He also hinted that Obi could clinch the party’s presidential ticket in 2027 if he decides to return.

    Speaking during his appearance on national television, Mohammed said Jonathan remains “one of the most celebrated politicians today despite previous political blackmail against him” before the 2019 election.

    Mohammed, who is Chairman of the PDP Governors’ Forum, said Obi, who contested on the platform of the Labour Party (LP) in 2023, would be given a chance if he returns.

    “But certainly, President Jonathan is one of the candidates we are thinking of, if he joins us and opens his mind to run,” he said.

    “And even other people like Governor Obi, because if he decides to come to a better platform where there are no encumbrances, he will be given the opportunity too,” Bala said.

    Asked whether the PDP governors were engaging Obi ahead of the 2027 election, he replied: “Have you not seen him with me? He’s my brother, my friend.”

    “And of course, he’s one of the most celebrated politicians too. You see him within the coalition or no coalition. Definitely, we are not sleeping, only that we don’t make noise,” Mohammed added.

    He noted that other Southern politicians, including Seyi Makinde, Governor of Oyo State, are also free to contest the ticket.

    “There are so many politicians. I even had a session with Governor Amaechi. I have not been sleeping,” the Bauchi governor said.

    “I have to make sure I create a closing-of-rank for people to come and help.”

    When asked about the possibility of Rotimi Amaechi returning to the PDP, the Bauchi governor replied: “Well, he’s free if he wants to come back.”

    Mohammed also said the PDP lost the 2023 election because it failed to zone the presidential ticket to the South.

    The governor suggested that the party needs a Christian from the South to emerge as a presidential candidate, with a Muslim from the north as running mate

    The post Jonathan Has Not Ruled Himself Out of 2027 Contest, Says Cousin appeared first on THISDAYLIVE.

    ​  

    ·Bala Mohammed: PDP considering former president, Obi for 2027 presidential ticket Chuks Okocha in Abuja Former President Goodluck Jonathan has denied reports suggesting that he has abandoned plans to contest the
    The post Jonathan Has Not Ruled Himself Out of 2027 Contest, Says Cousin appeared first on THISDAYLIVE.

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