Leading Wazobiaplus Out of Crisis, By Johnson Babalola

The New Diplomat
Writer

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

During a session focused on crisis management, the instructor engaged students in a discussion about the economic turmoil facing a nation known as Wazobiaplus, as well as the governmental reforms aimed at mitigating the crisis. The lecturer also explored the ramifications of these reforms on the citizens, noting their emerging grievances.

Amidst the discourse, Student A raised a pertinent question, pondering why citizens would express dissatisfaction when the reforms were intended to pave the way for a brighter economic future. Before the lecturer could respond, Student B interjected, highlighting the critical importance of integrity in leadership alongside the implementation of reforms. “The citizens understand that reforms come with challenges, but what they truly seek is integrity from their leaders—integrity of purpose, sincerity, accountability, transparency, and ethical conduct. These qualities foster trust and commitment among citizens towards the reforms,” remarked Student B.

Acknowledging this insight, the lecturer thanked Students A and B and emphasized the indispensable role of clear and effective communication in leadership during times of crisis. Establishing trust through exemplary leadership sets the foundation for successful change management, guiding the transition from the current state (‘As Is’) to the envisioned state (‘To Be’). However, this journey demands meticulous attention to the principles of change leadership.

Without adhering to these principles, which include articulating a clear vision, engaging stakeholders, measuring progress, addressing resistance, fostering a culture of change, involving citizens, providing training, nurturing change leaders, and maintaining consistent communication, the nation is bound to stagnate or regress rather than progress positively.

In essence, effective crisis management and leadership entail more than just implementing reforms; they necessitate a comprehensive approach that prioritizes integrity, stakeholder engagement, and a systematic application of change leadership principles to drive meaningful progress and sustainable development.

NB: Johnson Babalola, a Canada-based lawyer, leadership consultant and corporate emcee, is a public affairs analyst. 

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp