Business A.M
No Result
View All Result
Thursday, October 8, 2026
  • Login
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
Subscribe
Business A.M
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE
No Result
View All Result
Business A.M
No Result
View All Result
Home Comments

Democracy Day: Between June 12, 1993 and December 31, 1983

by Admin
January 21, 2026
in Comments

Lest we forget 40 years ago, there was also another similar truncation or abortion of democracy like the one of June 12th, 1993 that happened some 30 years ago which has been celebrated since June 12th, 2018!

Nigeria would have been celebrating 44 years (1979 – 2023) of unbroken democracy and democratic governance by October 1st, 2023 and not just 30 years this year (June 12th, 1993 – June 12th, 2023)!!

The truncation of the duly elected democratic government of late President Shehu Usman Aliyu Shagari (Turakin Sokoto) of blessed memory on December 31st, 1983 by a military junta under the leadership of the immediate former President Muhammadu Buhari (PMB), May 29th, 2015 – May 29th,  2023 is something to always remember as an intricate part of Nigeria’s  troubled journey to democratic governance from October 1st, 1979 to May 29th, 2023 and onwards.

Thus, if June 12th of every year is celebrated as Democracy Day to commemorate the sad day democracy was interrupted and murdered by the military junta led by Ibrahim Badamasi Babangida, the now retired general, and his colleagues 30 years ago (June 12th, 1993 – June 12th,  2023), the nation must not forget to remember that, 10 years before June 12th, 1993, on December 31st, 1983 democracy was similarly and equally interrupted and murdered by the same military junta but under the leadership of Muhammadu Buhari (also now a retired general) together with his junta colleagues, Ibrahim Badamasi Babangida (IBB), late retired generals Sani Abacha and Aliyu Muhammad Gusau, and several other senior and mid-level military officers.

Interestingly, however, the narrative behind the unconstitutional takeover by the military junta of the democratically elected government of late President Shehu Shagari on December 31st, 1983 is slightly different from the narrative behind the truncation of the most fairly and credibly conducted democratic election on June 12th, 1993 that was to produce late Moshood Abiola  as President, Commander-in-Chief of the armed forces of Nigeria.

The difference between the two is that, one was a civilian democratic transition to a second tenure in office of a civilian democratically elected President, while the second case was a transition process from a military Head of State and  government to a civilian democratically elected President and government.

Now, the 40 years question is that why is the truncation by the military junta of late President Shagari’s Presidency and government not celebrated in the same context as the truncation by the military junta of the democratic election of June 12th, 1993?

It should also be pointed out that the same military junta that aborted the Second Republic were the same that aborted the stillborn Third Republic.

And, ironically, the same now ex-military junta that were involved in the truncation of both the Second and Third Republics respectively, together with their civilian accomplices at all times, were the ones that came together to usher the Fourth democratic Republic in 1999 to date.

Furthermore, they became the most beneficiaries of democracy and democratic governance; with two of them becoming democratically elected President, Commander-in-Chief of the armed forces of Nigeria and serving two-term tenure each.

Admin
Admin
Previous Post

A business agenda for Nigeria’s new president

Next Post

Floating Naira: A death knell for Nigeria’s economy?

Next Post

Floating Naira: A death knell for Nigeria’s economy?

  • Trending
  • Comments
  • Latest

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025
MMA2 enters new commercial era after 20-year concession dispute

MMA2 enters new commercial era after 20-year concession dispute

August 28, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Developing economies risk missing global services boom, UNCTAD warns

Developing economies risk missing global services boom, UNCTAD warns

October 8, 2026
Please construct a Business A.M. frontpage business journalism story from this “The growing use of services across all sectors means they should also be viewed as critical for goods exports, a report from the United Nation’s trade and development arm has said. The UN Conference on Trade and Development (UNCTAD) found that industries across the board are increasingly embedding services in their products, even if they traditionally export physical goods. Business models are also changing, as firms look to “bundle services with their products” or move to sell services for goods, such as maintenance contracts. Services increased their overall share of global exports by four percentage points to 27% between 2015 and 2025. Over the past decade, services exports have also grown faster than goods exports, rising by around 6.7% each year. In 2025, services exports increased by 8.3%. This has been driven in part by digitally deliverable services, which UNCTAD said is “the fastest-growing segment of global trade”. These include services that can be “delivered remotely over computer networks”, such as financial and insurance services. The role played by intangible economic activities means that they now “should be viewed not only as a sector in their own right but also as critical inputs into the production and export of goods”, UNCTAD said. “The quality, cost and availability of services directly affect competitiveness and participation in global value chains across all sectors.” Yet developing economies have not benefitted equally, with services exports for these countries growing by just 3% annually. The report said that “poor connectivity, costly cross-border payments and skills gaps”, as well as a lack of data to assess the impact of services within trade overall, are all barriers facing developing economies. Developing economies have a far lower share of digitally deliverable services, accounting for just 16% of total services exports compared to developed economies, which have a share of 61% in 2024. This is due not only to weaker connectivity, but also “diverging export structures”, as developing countries rely on “traditional services such as transport and travel,” rather than digital services, the report said. AI may also widen the divide between countries, it added, with less than a third of developing countries having so far adopted national AI strategies. UNCTAD also noted that multilateral rules have not kept up with digital trade, and regional and bilateral agreements have led to greater regulatory complexity. “Developing countries need better data, stronger digital infrastructure and greater capacity to shape emerging rules,” it said. “Realising the development potential of services trade will require action on three fronts: better data, stronger digital foundations, and more inclusive international co-operation.” Participants in a recent GTR roundtable held in Singapore discussed why services trade may be the market’s next major opportunity. One banker described services trade as “one area that’s really growing, and one area that most banks are underestimating the potential for business”. Earlier this year, UNCTAD found that merchandise trade growth is expected to fall by as many as 3.2 percentage points in 2026 compared to last year. This was down to trade uncertainty and geopolitical tensions weighing on supply chains, shipping and investment decisions, researchers said.

Africa’s trade ambition runs faster than systems built to support it

October 8, 2026
Firms regain investment appetite as NESG confidence index climbs

Firms regain investment appetite as NESG confidence index climbs

October 8, 2026
One Gidi Night shows growing commercial value of Nigeria’s creative economy 

One Gidi Night shows growing commercial value of Nigeria’s creative economy 

October 8, 2026

Popular News

  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • MMA2 enters new commercial era after 20-year concession dispute

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Developing economies risk missing global services boom, UNCTAD warns

Developing economies risk missing global services boom, UNCTAD warns

October 8, 2026
Please construct a Business A.M. frontpage business journalism story from this “The growing use of services across all sectors means they should also be viewed as critical for goods exports, a report from the United Nation’s trade and development arm has said. The UN Conference on Trade and Development (UNCTAD) found that industries across the board are increasingly embedding services in their products, even if they traditionally export physical goods. Business models are also changing, as firms look to “bundle services with their products” or move to sell services for goods, such as maintenance contracts. Services increased their overall share of global exports by four percentage points to 27% between 2015 and 2025. Over the past decade, services exports have also grown faster than goods exports, rising by around 6.7% each year. In 2025, services exports increased by 8.3%. This has been driven in part by digitally deliverable services, which UNCTAD said is “the fastest-growing segment of global trade”. These include services that can be “delivered remotely over computer networks”, such as financial and insurance services. The role played by intangible economic activities means that they now “should be viewed not only as a sector in their own right but also as critical inputs into the production and export of goods”, UNCTAD said. “The quality, cost and availability of services directly affect competitiveness and participation in global value chains across all sectors.” Yet developing economies have not benefitted equally, with services exports for these countries growing by just 3% annually. The report said that “poor connectivity, costly cross-border payments and skills gaps”, as well as a lack of data to assess the impact of services within trade overall, are all barriers facing developing economies. Developing economies have a far lower share of digitally deliverable services, accounting for just 16% of total services exports compared to developed economies, which have a share of 61% in 2024. This is due not only to weaker connectivity, but also “diverging export structures”, as developing countries rely on “traditional services such as transport and travel,” rather than digital services, the report said. AI may also widen the divide between countries, it added, with less than a third of developing countries having so far adopted national AI strategies. UNCTAD also noted that multilateral rules have not kept up with digital trade, and regional and bilateral agreements have led to greater regulatory complexity. “Developing countries need better data, stronger digital infrastructure and greater capacity to shape emerging rules,” it said. “Realising the development potential of services trade will require action on three fronts: better data, stronger digital foundations, and more inclusive international co-operation.” Participants in a recent GTR roundtable held in Singapore discussed why services trade may be the market’s next major opportunity. One banker described services trade as “one area that’s really growing, and one area that most banks are underestimating the potential for business”. Earlier this year, UNCTAD found that merchandise trade growth is expected to fall by as many as 3.2 percentage points in 2026 compared to last year. This was down to trade uncertainty and geopolitical tensions weighing on supply chains, shipping and investment decisions, researchers said.

Africa’s trade ambition runs faster than systems built to support it

October 8, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • ONLINE & DIGITAL CONTENT PACKAGE

© 2026 Business A.M