WHY PRESIDENTS AND VPS SHOULD RARELY TRAVEL TOGETHER

 The simultaneous absence of a country’s president and vice president from national territory is risky, argues KABIR ADAMU

In the theatre of statecraft, symbolism and prudence often carry as much weight as written law. One such matter of high symbolic and practical consequence—yet often overlooked—is the simultaneous absence of a country’s President and Vice President from national territory. While few constitutions outright prohibit this occurrence, political wisdom and national security imperatives argue strongly against it.

At a time when global volatility, transnational threats, and domestic uncertainties are constant companions, the need for leadership continuity has never been more critical. When both the President and Vice President—or their equivalents—are out of the country at the same time, it sends a troubling signal: that the cockpit of the state is temporarily unmanned.

 The most immediate concern is the risk of a leadership vacuum in the event of an emergency. Natural disasters, civil unrest, military crises, or even economic shocks do not wait for leaders to return from international engagements. If both the President and Vice President are abroad—especially without formally transferring power to another official—critical decision-making can be delayed or mired in constitutional ambiguity.

In countries where the line of succession is unclear or politically contested, this scenario could spiral into a crisis of legitimacy. Even where succession plans are well established, the optics of absentee leadership during a national emergency can erode public trust.

National security is another central concern. In unstable environments, or regions experiencing rising terrorism, insurgency, or geopolitical tension, the simultaneous absence of the top two leaders may be interpreted by hostile actors as a window of opportunity. The risk is not merely theoretical: history is replete with moments when opportunistic moves by adversaries were timed with perceived political or institutional weakness.

Even in more stable democracies, security protocols often dictate that the President and Vice President avoid traveling on the same aircraft—just in case. It is a principle of continuity of government that has long guided policy in countries like the United States. Such prudence should be universal.

 There are also political costs. In democracies especially, perception is policy. When citizens face hardship—whether economic, social, or security-related—the image of both leaders abroad can be politically tone-deaf. Opposition figures are quick to pounce, spinning absence into apathy. At worst, it fosters a dangerous sense of neglect among the governed.

Indeed, travel diplomacy has its place, and leaders must engage the world. But leadership also requires presence—not just in policy, but in geography. Where one is physically present often says more than what is written in any communique.

The fact that many constitutions are silent on this issue does not make it insignificant. In practice, many nations observe informal but well-respected traditions: ensuring that either the President or Vice President remains in the country at all times. These norms are born not of legal necessity but of hard-earned political experience. They reflect an understanding that in governance, continuity is not merely a bureaucratic formality—it is the bedrock of stability.

Nigeria, for instance, does not constitutionally forbid simultaneous travel by its top leaders. But the practice is avoided more often than not, precisely because it risks undermining institutional confidence in a country already grappling with complex security and governance challenges. Likewise, in Kenya, the President and Deputy President typically stagger their travel schedules. In France and India, careful coordination between heads of state and government ensures constant presence at the helm.

In an era of rising political uncertainty and asymmetric threats, countries would do well to move from informal convention to formalized protocol. Whether through executive guidelines, legislative frameworks, or constitutional amendments, a clear rule that ensures leadership presence on home soil at all times would strengthen governance and bolster national resilience.

Ultimately, the question is not simply about where a leader travels—but about the architecture of trust between the state and its people. In governance, presence is power. And in times of uncertainty, even symbolic absence can be a dangerous luxury.

Dr Adamu is CEO of Beacon Security and Intelligence Limited, an Abuja based Security Risk Management and Intelligence firm with presence in several African countries

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    Oloworaran: N5.51tn Pension Assets Deployed to Boost Long-term Financing for Real Sector

    Oloworaran: N5.51tn Pension Assets Deployed to Boost Long-term Financing for Real Sector

    James Emejo in Abuja

    Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, yesterday revealed that the Nigerian pension industry has committed a total of N5.51 trillion to asset classes that support long-term financing for real sector growth.

    Oloworaran gave the figures during a meeting with a delegation from the International Monetary Fund (IMF), led by its Senior Financial Sector Expert, Mr. Jose De Luna.

    The visit on Monday was part of the Fund’s 2025 Article IV Consultations.

    The IMF staff held discussions with the commission’s key officials on matters relating to the pension industry and broader financial sector developments, according to a statement by PenCom.

    Oloworaran, further explained that the real sector investments spanned infrastructure, private equity vehicles, real estate, and subnational infrastructure initiatives, among others.

    Represented by the Head, Surveillance Department, Abdulrahaman Muhammad Saleem, the director general told the delegation that pension fund investments in the real sector of the economy are indicative of the industry’s vital role in providing funding for key economic growth and development in Nigeria.

    In a presentation to the delegation, PenCom said the industry Net Asset Value (NAV) increased by 22.65 per cent from N18.36 trillion as of 31 December 2023 to N22.51 trillion as of December 31, 2024.

    The growth was attributable to additional contributions received and investment income.

    The DG however, decried the limited availability of investable instruments that meet the minimum requirements for pension funds’ investments in Nigeria currently.

    She told the delegation that only 86 investable instruments, constituting part of the pension broad index, meet the minimum quality requirement for pension fund investments that are liquid and have the required free float.

    This is despite the numerous provisions made in the Investment Regulation to foster increased eligible investment outlets.

    Going forward, the commission said it will continue to collaborate with capital market operators to broaden the spectrum of eligible financial instruments for pension fund investments.

    The initiative aims to further diversify portfolios and enhance real returns.

    Additionally, the commission will promote increased pension fund investment in alternative asset classes.

    These efforts are intended to strengthen the overall investment portfolio and reinforce the long-term growth and sustainability of the Contributory Pension Scheme (CPS).

    During the meeting, PenCom also presented key developments within the pension industry, focusing on investment strategies, asset quality concerns, financing for growth, and regulatory challenges.

    Noteworthy was the commission’s commitment to fostering the development of diverse asset classes and securities eligible for pension fund investments.

    This initiative involved collaboration with entities such as the Securities and Exchange Commission (SEC), the Debt Management Office (DMO) and the Pension Fund Operators Association of Nigeria (PenOp).

    The IMF delegation expressed satisfaction with PenCom’s ongoing efforts to diversify pension fund investments, the statement added.

    In addition, the fund commended PenCom’s regulation and supervision of the pension industry in Nigeria.

    The IMF praised the commission for the remarkable growth achieved within Nigeria’s pension industry, recognising its pivotal role in driving positive momentum and ensuring long-term sustainability.

    ​  

    James Emejo in Abuja Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, yesterday revealed that the Nigerian pension industry has committed a total of N5.51 trillion to

    Tinubu’s Policies Moving Nigeria Towards Food Sufficiency, Says Bagudu

    Tinubu’s Policies Moving Nigeria Towards Food Sufficiency, Says Bagudu

    Kemi Olaitan in Ibadan

    The Minister of Budget and National Planning, Senator Abubakar Bagudu, yesterday said President Bola Tinubu’s policies are steadily moving the country’s agriculture towards mechanisation, agro-industrialisation, and global market integration through improved line budgeting, infrastructure investment, access to better financing, and public-private sector synergy.

    The Minister while delivering a keynote address at the distinguished personality lecture series of the Department of Agricultural Economics, University of Ibadan, said the incremental success of the policies were evident in the latest National Bureau of Statistics report, which showed encouraging signs for the economy and the agriculture sector.

    According to him, with GDP growth of 3.84 percent in Q4 2024 — surpassing the 3.46 percent recorded in Q4 2023 and Q3 2024 — the country was witnessing fruits of President Tinubu’s bold economic reforms.

    He disclosed that while the services sector led the growth at 5.37 percent, contributing 57.38 percent to GDP, agriculture’s 1.76 percent growth and 25.59 percent contribution remain vital.

    He added, “These figures reveal both progress and the untapped potential in our agricultural industry, which employs over 70 percent of our rural population and holds immense promise for poverty reduction, food security, and industrialisation.

    “This sector’s appreciable outcome has benefited from this administration’s policy consistency, which prioritised improved budgetary funding and access to finance, increasing technological innovation and mechanisation, climate resilience, infrastructure development, public-private partnership, and improved security.”

    The Minister maintained that the agricultural sector has enjoyed increased budgetary allocation under Tinubu’s administration, noting that it has continued on upward trend from N228.4 billion (1.05% of the 2023 budget) to N362.94 billion (1.32% of the 2024 budget), and N826.5 billion (1.7% of the 2025 budget).

    “This is in addition to the N100 billion National Agricultural Development Fund, which the President created in 2023 to address agricultural financing challenges upon declaring a state of emergency in the sector.

    “The Central Bank of Nigeria also donated 2.15 million bags of fertilizer worth N100 billion to support farming”, he said.

    He said with the improved funding, the Federal Ministry of Agriculture and Food Security has been implementing innovative programmes, including the National Agriculture Growth Scheme-Agro-pocket, where millions of farmers are supported through training on Good Agricultural Practices (GAP), certified inputs such as improved seeds and organic and inorganic fertilizers and irrigation equipment at highly subsidised prices to enhance their production, increase productivity and ultimately, guarantee higher incomes for farmers.

    The World Bank Country Director for Nigeria, Dr. Ndiame Diop, in his lecture titled, “Leveraging Agricultural Transformation for Sustainable Economic Development in Nigeria: Key Considerations,” said with expected growth of Nigeria working population hitting about 100million in the next 25 years, the rapid increase presents a unique opportunity for the country to become a major driver of economic growth.

    According to Diop, the growth would surpass Africa and transcend globally considering the aging population in East Asia and Europe.

    However, realising the potentials, he said, hinges on Nigeria’s ability to generate millions of additional productive and formal employment opportunities for its increasing educated and tech-savvy young people.

    Speaking, Diop said Nigeria’s economy needs to not only grow at a faster pace but also undergo a transformation, noting that the transformation must accelerate the movement of workers from low productivity, low-paying and often informal jobs to more productive and higher-paying positions.

    He highlighted how agricultural transformation strengthens the overall competitiveness of the economy, drawing on economic theory and real-world examples to emphasise its vital role in successful economic transformation and the path to higher income levels.

    He said, “Nigeria faces a significant demographic shift: approximately 5.5 million Nigerians enter the labor force each year, and its working age population is expected to grow by about 100 million in the next 25 years.

    “This rapid increase presents a unique opportunity for Nigeria to become a major driver of economic growth, not just in Africa, but globally, considering the aging populations in East Asia and Europe.

    “However, realising this potential hinges on Nigeria’s ability to generate millions additional productive and formal employment opportunities for increasingly educated and tech-savvy young people.

    “Creating such a large number of quality jobs is a substantial challenge. In 2019, only about eight percent of employed youth in Nigeria held formal jobs. Notably, African nations tend to create significantly fewer formal jobs per unit of GDP growth compared to other regions, generating roughly half the number seen in East Asia.

    “This low proportion of workers in formal sectors, and the resulting dominance of informal, low productivity work, explains why securing employment in most African countries doesn’t guarantee an escape from poverty.

    “In fact, in many African nations, including Nigeria, the majority of workers do not earn enough to reliably enter or remain in the middle class.”

    He said further, “To substantially improve employment outcomes, Nigeria’s economy needs to not only grow at a faster pace but also undergo a transformation. This transformation must accelerate the movement of workers from low- productivity, low-paying, and often informal jobs to more productive higher-paying positions.

    “While individual worker or entrepreneur capabilities contribute to labor productivity, the reality is that average productivity levels vary considerably across sectors, with agriculture typically having the lowest levels in developing countries.

    “When at least one-third of the workforce is engaged in agriculture, boosting agricultural productivity becomes paramount for poverty reduction.”

    Earlier in his addresses, the Vice Chancellor, UI, Prof. Kayode Adebowale, lauded the organisers, noting that agriculture as a vital sector in Nigeria has continued to contribute significantly to the economy by providing livelihoods, food security, and raw materials, while also playing a vital role in economic diversification and foreign exchange earnings.

    He said a stable economy was possible in Nigeria by leveraging the right set of technologies that could promote agricultural transformation.

    The event had in attendance officials from the Ministries, Departments and Agencies under the Ministry of Budget and Economic Planning, officials from across faculty, department and top management staff of the school.

    ​  

    Kemi Olaitan in Ibadan The Minister of Budget and National Planning, Senator Abubakar Bagudu, yesterday said President Bola Tinubu’s policies are steadily moving the country’s agriculture towards mechanisation, agro-industrialisation, and

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