COLUMN
Africa And The Imperative Of South Korea’s Development Model

By Tunde Rahman
To say the economy of the Republic of South Korea is a developed and strong economy is to say the obvious. South Korea’s economy had been vastly developed, and its economic structure radically transformed since after World War II in 1945 and the Korean War in 1953. The Korean War was a war of attrition between two brother-nations – North and South Koreas – accentuated by the Cold War era, and would appear not to have fully abated up till now.
However, South Korea is not just a developed nation today; it is also a regional power. According to a report titled “The Growth Report: Strategies for Sustained Growth and Inclusive Development,” a World Bank publication, authored in 2008 by the Commission on Growth and Development, 13 countries sustained 7% + annual growth for 25 years or more since 1950. Six countries among them joined the high-income group. They are Japan, Hong Kong, Singapore, Taiwan, Malta, and South Korea. Prominent among the factors listed in the report for sustained development are stable macroeconomic policies exemplified in sound public finance and low inflation, smooth operation of the market mechanism, high saving and high investment rates as well as knowledge infusion and overseas markets.
South Korea’s economic growth has been widely described as a miracle on the Han River. That economic accomplishment allowed the country to join the Organisation for Economic Cooperation and Development and the G20. Truth, however, is the South Korean achievement is not a miracle. It is a result of deliberate planning and execution of development strategies and sustained efforts at development. How was the Republic of South Korea able to achieve this feat with the destruction and devastation occasioned by the war with North Korea? Lacking in natural resources, the main vehicle for the economic development of that country is state-led industrialisation. Professor Taejong Kim of Korea Development Institute (KDI), in his presentation before a team of editors recently in South Korea, said the fast growth was sustained by inclusive policy measures – inclusive and sustained investments in human capital, natural capital and social capital. These measures, according to him, were designed to empower vulnerable communities and individuals.
I have provided this important background in order to underscore the huge success story that is South Korea today. The country’s economy is ranked the 3rd largest in Asia and the 11th biggest in the world by GDP. Goldman Sachs in “Beyond The Brics: A look at The ‘Next 11’ ” listed South Korea in the group of Next Eleven countries as having the potential to play a dominant role in the global economy by the middle of the 21st century.
The massive development in South Korea was apparent to this writer during a recent visit to the country. Wherever you turn in Seoul, the capital city, the numerous manifestations of the development stare you in the face. The key development indicators dot the landscape. I was in Seoul on the invitation of the Korea International Broadcasting Foundation called Arirang to take part in a programme geared towards enhancing exchange and cooperation between South Korea and Africa. The visit took us (me and some 11 other African journalists and government media managers) to many important places. We had interactions with several top government officials and private business leaders. We were at the KDI Global Knowledge Exchange and Development Centre (GKEDC) and Korea Railway Traffic Control Centre.
We participated in a dialogue for sustainable development and economic cooperation between Korea and Africa as well as in the high-level policy workshop on rural development administration. We gained valuable insights into the country’s model for agriculture and rural development through an interaction with the Director-General of Korea Rural Development Foundation, Kim Hwang-Yong, who spoke about the role of the foundation in addressing the issue of poverty and food sufficiency. According to him, the foundation helps to develop new technologies for agric development, which it transfers to farmers in the country.
Believing the country’s technology would be good for Africa, he said the RDA had been working with many African countries to ensure, among other things, increased rice production, disclosing also that the foundation presently has 26 varieties of rice in eight countries of Africa. We also had a meeting with the Executive Vice President Korean Foundation, Mr. Rhee Jong Kook, and another high-level meeting at the South Korea’s Ministry of Foreign Affairs where we had a useful conversation on South Korean foreign policy options with the Deputy Foreign Minister, Chung Byung-won.
We undertook an excursion of the Lotte World Tower and the Hyundai Plant in Goyang where that company’s vehicles that are available in the Nigerian markets are being produced.
Perhaps a more remarkable part of the visit was the tour of the Demilitarised Zone (DMZ), Imjingak Pyeonghwa Nuri Park and Third Tunnel. Established under the provisions of the Korean Armistice Agreement in 1953, the DMZ is the region on the Korean Peninsula that demarcates North Korea from South Korea. It is meant to serve as a buffer zone between the two countries. But there is still palpable tension around the zone as North Korea has reportedly dug up to three tunnels in a bid to violate the agreement and invade South Korea. We toured the South Korea end of the zone, and with heads bent, went inside the Third Tunnel to the very end. The tour of the tunnel is not for the faint-hearted. Some in the team, this writer not inclusive, declined to make the tour. On the whole, it was a helpful, illuminating and extremely exciting and worthwhile visit.
African countries, including Nigeria, have a lot to learn from South Korea, and interestingly, Nigeria and South Korea have something in common: both are a multi-party democracy with a free market economy and fledging private sector. The Republic of South Korea places a high premium on research and development (R&D) and spends heavily on them. R&D is a key driver of economic growth and industrial development. Like South Korea, Africa, Nigeria, in particular, needs to continue to scale up research and development.
There is also South Korea’s education system, particularly her educated populace, which is largely responsible for the high technology boom and economic development. South Korea maintains increasing enrolment in higher education with special attention paid to Science and Engineering. Meanwhile, the intellectual arm of the country used to power this outstanding growth is the Korea Development Institute. The KDI School of Public Policy and Management offers scholarship at Post-Graduate and PhD levels to African students where they undergo courses to strengthen their capacities and horn their academic skills in order to give back to their societies on their return home. It was at a dinner with some academics and students of the institute that I encountered Abdul Labaran, a Nigerian Master’s degree student of the institution, who commended the scholarship programme. Africa needs to borrow a leaf from the mandate of that institute.
As indicated earlier, South Korea parades incredible economic growth and is today a high-tech industrialized economy. It has received accolades globally for value-added manufacturing and for her hi-tech companies. To aim at achieving this feat, Africa must invest in technology and innovation to enhance technological competitiveness.
Of interest is also the patriotism of the South Korean people. Stories abounded of how many South Korean women sacrificed their trinkets and jewelries during the difficult period in order to power the economy. Over two million people reportedly contributed. This is something that should be emulated in our clime because patriotism fuels growth and development.
Indeed, there are many great examples to talk about in respect of the South Korea story, which Africa can further explore. Interestingly, a summit of Africa and South Korea is underway to offer a veritable opportunity for the exchange of ideas. The summit will also further cooperation and partnership in various areas. Slated for June 4-5, it will offer African countries a window into the huge economic advancement of South Korea. Speaking about the summit, the South Korean Deputy Foreign Minister described it as the biggest international conference to be initiated by the present administration in that country. It is aimed at creating and strengthening cooperation and collaboration with Africa.
“The summit will be mutually beneficial and create long-term partnership between Africa and Korea. Korea seeks to strengthen economic cooperation with Africa, and the summit will offer the best opportunity for Korea to support Africa in enhancing economic growth. Leveraging each other’s comparative advantage will help to advance growth and sustainable development. It will be a win-win for both South Korea and Africa in terms of economic cooperation and partnership,” Byung-won said. Should African leaders attend this important and first-ever summit between Korea and Africa? I think so!
-Rahman is a Senior Presidential Aide
COLUMN
President Tinubu and June 12
Around this period in 1993, precisely on June 12, 1993, the day of that historic election, this writer operated in two different but mutually reinforcing capacities. While I was the Political Correspondent of the old Daily Times, covering the then-unfolding electoral process in Abuja, I was also an officer in the Nigerian Election Monitoring Group monitoring the poll in the federal capital. It was an important day in the nation’s life, as it was in my journalism career. The late Professor Omo Omoruyi, an intellectual giant and the brains behind General Ibrahim Babangida and his transition programme, who designed most of the electoral ideas introduced by that regime, including Option A4, had put the election monitoring group together.
As the Political Correspondent of the Daily Times, I had an uneasy sense of foreboding when the then National Electoral Commission, which had been announcing the results of the election on a display board mounted at the commission’s headquarters then at Area 10, Abuja, suddenly stopped adding new results after results from 14 states had been announced. I promptly filed a story on this strange and disturbing development. The next day, the late Dr. Femi Sonaike, Editor of the Daily Times at the time, ran a front-page editorial demanding the continuation of the publication of the results. I was beside myself in ecstasy at the NEC HQ, celebrating the editorial and Dr. Sonaike’s bravery and boldness. For a government-owned newspaper, the editorial was an unforgivable affront to the military. As it turned out, that was the last edition Dr. Sonaike edited as Daily Times Editor. He was instantly removed from office.
Then began a sad spiral of events, culminating in an announcement formally annulling that free and fair election. A dark pall descended on the nation. The country erupted in turmoil, with almost daily protests against the election’s annulment. The rest did not simply become history, as they say, but a profound history with compelling lessons.
This piece is not an odyssey of my journalism career. It’s about President Bola Tinubu and the undocumented contributions to June 12, particularly after that annulment. Tinubu played a frontline role in the conception and later agitation of the National Democratic Coalition (NADECO), which stridently fought for the de-annulment of June 12.
At the time of the election, he was a Senator of the Federal Republic. In defiance of the military, he and others reconvened the Senate that had gone on recess, during which they demanded the de-annulment of the poll or immediate termination of military rule.
For his agitation, the military hounded him. His residence at Balarabe Musa Crescent in Victoria Island, Lagos was petrol-bombed by agents of the junta who thought he had been burnt alive. However, he escaped abroad and continued the agitation, providing direction and funding for NADECO Chieftians abroad. All of that had been widely publicised and commended.
Many may also recall that iconic and viral picture, which circulated online, where Asiwaju Tinubu was seen behind the late Bashorun MKO Abiola as Abiola went to confer with the late dictator, General Sani Abacha, on the June 12 matter. The significance of that event signposted Asiwaju’s relationship with MKO as a trusted ally and his essential role in the then-unfolding struggle. Asiwaju Tinubu, it was learned, warned the late MKO to tread cautiously and be wary of Abacha or the military over June 12. As he often says, the military uniform is called camouflage, and camouflage, according to him, is a synonym for deception.
It is thus unsurprising that much of his contributions, particularly after June 12, remained indelible years after the death of Abiola, owner of the stolen mandate. The profundity of June 12 is evident in the fact that its ghost has refused to go away years after the restoration of democracy in 1999. President Olusegun Obasanjo, who inherited power on a silver platter and his Peoples Democratic Party, carried on as though oblivious of the historical import of June 12 and the ominous pall that its years of neglect had cast on the nation’s democratic system. Although the late President Umaru Musa Yar’Adua inaugurated the Justice Muhammed Uwais Electoral panel to reform the nation’s electoral process after admitting his election in 2007 was flawed, he battled ill-health for the better part of his presidency to think of June 12. President Goodluck Jonathan also remained seemingly unfazed about that annulled poll. For 16 years after the democratic renewal, the PDP government carried on with the utter neglect of June 12 and its symbolic place in our democracy.
However, President Buhari took bold steps to resolve the June 12 conundrum and put Abiola in his rightful place even in death. Recognising him as the winner of June 12 and as President, Buhari bestowed on MKO posthumously, the highest national honour of GCFR reserved for presidents. He also declared June 12 a national public holiday. Buhari gave Abiola’s running mate in the election, Ambassador Babagana Kingibe, the second-highest honour of GCON. Buhari’s gesture won him admiration and commendations.
Many didn’t know that Asiwaju Tinubu had made the recommendation to President Buhari.
Addressing the National Assembly last Thursday, President Tinubu again commended Buhari for this critical decision: “Let me pay tribute to former President Muhammadu Buhari for reaching back into history to rectify a national misdeed by making June 12 Democracy Day and by officially acknowledging Chief Moshood Kashimawo Olawale Abiola and his running mate, Babagana Kingibe, as the victors and thus duly elected President and Vice President respectively of Nigeria after the June 12, 1993, elections.”
President Tinubu completed the restitution for Abiola and other heroes of democracy that Thursday. He conferred posthumous national honours on Kudirat Abiola, MKO’s wife, and other heroes. Agents of the military junta killed Kudirat on the streets of Lagos in the wake of the June 12 struggle.
It is relevant to state that certain things are instructive about President Tinubu and June 12. Tinubu became President in 2023, 30 years after June 12. Is this simply a coincidence or divinely ordained?
The late MKO Abiola christened his campaign manifesto “Hope 1993: Farewell to Poverty.” President Tinubu called his own Renewed Hope Agenda for a Better Nigeria.
Now, has the ghost of June 12 been finally laid to rest? Is MKO’s vision for Nigeria alive in Tinubu’s presidency? Vice President Kashim Mustapha Shettima thinks so.
Speaking during the public lecture commemorating the 26th year of unbroken Democracy, VP Shettima said decades after the June 12 debacle, providence returned the baton of Abiola’s struggle for a better Nigeria to “one of his most trusted lieutenants—President Tinubu.”
He affirmed that, based on the final account of Abiola’s life, the military could not take away or extinguish hope. “It is this faith in the promise of Abiola’s vision that has renewed the hope of this nation,” he said.
The work is not entirely done. Although the recent resolution of the National Assembly adopting June 12 of every year for the Presidential Address is a step in the right direction, as it will help to institutionalise June 12 and immortalise Abiola, I think MKO deserves full recompense for his contributions and for paying the supreme price for Nigeria’s democracy. The government should pay the debts if actually it owes Abiola some money, as his family claims.
In the meantime, President Tinubu’s pronouncements last Thursday at the hallowed chamber of the National Assembly stand as homage to resilience and a bold reminder of what might have been.
-Rahman is a Senior Assistant to the President on Media and Special Duties.
COLUMN
Two Years of President Tinubu: Two Stories Behind the Positive Numbers

By Tunde Rahman
Economists and commentators have written and said much about the positive trajectory and indicators signposting Nigeria’s economic growth. These indicators indicate that the reforms embarked upon by President Bola Tinubu since assuming office two years ago have begun to engender successful outcomes. The reforms are paving the way for economic recovery. The facts are self-evident and they speak for themselves too.
According to a World Bank report, the GDP grew 3.4% in 2024, the highest in a decade. Inflation is tumbling and is currently at 23.7%. The government is meeting its debt obligations. After the Central Bank of Nigeria cleared the forex backlog amounting to $10 billion, the debt-service-to-revenue ratio fell from around 100% to below 60%. Foreign reserves, which instill confidence in investors to come in and exit with their profits as they wish, now stand at $38 billion.
Just as remarkable is how national revenues have increased exponentially, resulting in unprecedented increases in allocation to sub-nationals. Such growth has been a significant shot in the arm, giving them the much-needed fiscal impetus to fund projects and cater to the welfare of their people. The increased revenue also helps partly finance key infrastructure projects such as the Lagos-Calabar Coastal Road and the Sokoto-Badagry Superhighway. Last week, President Tinubu inaugurated the completed Phase 1, Section 1 (30km by six lanes) of the 750km Lagos-Calabar Coastal Highway.
These strides have been phenomenal. But there is more work for the government to do. The administration also has a few challenges to tackle. The macroeconomic gains highlight the need to impact microeconomics. The positive economic statistics must impact the living standards of the most significant number of our people. They must affect their living standards, especially the cost of essential goods and services. The government needs to reduce unemployment significantly, just as it needs to make the country much safer.
However, as I have often argued, President Tinubu’s achievements in two years are not mere happenstance. They did not come by wishful thinking. They result from a bold vision outlined in his Renewed Hope Agenda, uncommon courage, and unrelenting hard work.
This piece explores just two stories that speak to the courage, audacity and determination of President Tinubu to do things differently. The first happened a day before President Tinubu’s trip to Rome, Italy, on May 17, 2025, for the inauguration of Pope Leo XIV. Invited by the new Pope, the President’s decision to attend the event, accompanied by Catholic bishops, was remarkable in the context of the President’s religion and that of his vice-president. In the build-up to the 2023 election, the opposition claimed the two leaders would turn the country into an Islamic state. That did not happen. Instead, they are running an administration that is blind to religion. Christians, Muslims, and adherents of other religious leanings get their dues.
I was at the residence to see the President around 2 pm just after he had performed the diplomatic ceremony of receiving letters of credence from some ambassadors. From that period, he was in his home office, working on files and receiving governors, top government functionaries and other guests who had visited till around 11 pm. Those who visited included Imo State Governor Hope Uzodimma, Secretary to the Government of the Federation Senator George Akume, Attorney-General and Minister of Justice Lateef Fagbemi(SAN), Minister of Solid Minerals Development Mr. Dele Alake, Minister of Marine and Blue Economy and former Osun State governor, Alhaji Adegboyega Oyetola, as well as top businessmen including Alhaji Samad Rabiu of BUA Group. In that long period, the only other thing that went into that office was his lunch. It’s not an isolated pattern. The fact deducible from all this is a bewildering work ethic. President Tinubu works unusually long hours. He devotes virtually all his time to the Nigerian project. So, his success is a product of hard work.
His uncommon courage and audacity are well known. His policy options, particularly removing the unsustainable subsidies on fuel and forex, were things leaders before him found appropriate and desirable if the country must move forward but lacked the courage to implement. Fuel subsidies were corruption-laden, while the multifarious foreign exchange windows incentivised arbitrage. For instance, between January and June 2023, fuel subsidies alone gulped N3 trillion, and the bulk went into the pockets of the oil cabal.
An important subtext of this story could be glimpsed from Mr. President’s response when I asked him about the influx of governors, lawmakers, and top chieftains of other parties into the All Progressives Congress. He replied: “Yes, they are coming because they have seen the success of our policies. The economy has virtually rebounded, and the country has turned the corner. Do you think they would defect to our party if I’m not doing well, and the policies have turned awry?”
President Tinubu hardly allows any opportunity to bask in well-earned moments of glory to elude him. He often says, “I have a bragging right here. It is my turn to brag over this.”
The President is, however, not unmindful of the fact that the macroeconomic gains achieved by his administration thus far have not fully impacted the streets and pockets of our people. He has also spoken of this. At the inauguration of Phase 1 of the Lagos-Calabar Coastal Road referenced earlier, President Tinubu appealed to Nigerians to be patient with him.
“I know your expectations are still very high at this stage, and our people are still going through difficult times. I take this opportunity to appeal to all Nigerians that hope is here, and it is realisable,” he said, adding: “You would be proud of the benefits; there is light at the end of the tunnel. Inflation is coming down; we have eliminated the corruption in the exchange rate; the corruption in fuel subsidy is now limited to the barest minimum. It is all for you, the people; we are reducing the cost of manufacturing and encouraging manufacturing locally. We give all incentives for everyone to abide by the principle. May God bless our country; may God bless Lagos State and keep our fighting soldiers safe,” he said.
-Rahman is a Senior Special Assistant to the President on Media & Special Duties.
COLUMN
Tinubu, Sanwo-Olu and the fish god

As Ngugi wa Thiong’o says in his Wizard of the Crow, (2007) ire is more corrosive than fire. Make no mistake about it: President Bola Tinubu is angry. When Tinubu was similarly angry, I wrote a piece entitled Tinubu the Ap’ejalodo and his strange fish friend (September 18, 2018). That fable was one of the stories that helped to tame the greed of pre and post-colonial Yoruba society, as well as any tendency within it to play God.
By that 2018, Tinubu had made up his mind to replace Akinwunmi Ambode as governor of Lagos State. The piece, using that anecdote, was to warn him not to take the place of God. Suchlike stories helped to shape the moral man in Africa. His cosmology was governed by anecdotes, lore and mores which prescribed moral codes. For centuries, these sustained the associational and moral forte of Africa. Anecdotes that restrained a potential emperor from treading the path of ruination were told to children, even in their infancies; same about petty thieves who came to ghastly ends. For instance, the destructive end of greed was foretold in pre-colonial Yoruba society in the emblematic story of Tortoise and the scalding hot porridge on the fire he stole and covertly put on his head. It burnt his scalp. Permit me to retell the anecdote.
Set in an African village, the story is that of a young wretched fisherman (Ap’ejalodo) who was ravaged by failure. He was unable to catch enough fish over the years to rescue him from the pangs of lack. One day, however, as he thrust his fishing hook into the river, it caught one of the largest fishes he had ever seen. Excited, Ap’ejalodo pulled his awesome catch up to the river bank and proceeded to yank it off the hook.
As he attempted to carry it to the basket, however, the fish began to speak like a human being. Ap’ejalodo was at first afraid but he eventually pulled himself up and listened to the sermon of the strange fish. Singing, Ap’ejalodo, mo de, ja lo lo, ja lo lo… (Fisherman, here I come…) the fish pleaded to be rescued by the fisherman.
It promised that if the fisherman spared its life, in lieu of this rescue, he should ask for whatever he wanted in life. Excited, Ap’ejalodo let it off the hook and asked for wealth. Truly, by the time he got home, the ragged clothes on him and his wife had become very big damask agbada and aran respectively, with their wretched hut transformed into a big mansion. Both now began to live the life of unimaginable splendour.
After a few years, the couple was however barren and the wife entreated Ap’ejalodo to go fishing again and ask his fish friend to rescue them from the social shame. As he thrust his hook into the river again, it caught the strange fish and the earlier process was repeated. This time, he asked for a child and the strange fish granted it, giving him children. Over the years, the fisherman magisterially summoned the fish through same process and the fish bailed the couple out.
Then one day, Ap’ejalodo and wife were just waking up from their magnificent bed when a blinding and intruding ray of the sun meandered into their bedroom. Enraged, Mrs. Ap’ejalodo couldn’t understand the audacity the sun had to intrude into their sacristy. Couldn’t it respect the privacy and majesty of the richest couple in the land? She then angrily commanded Ap’ejalodo to go meet his fish friend and ask that they be given the power to control the temerity of the Sun and other impertinent celestial forces.
Off Ap’ejalodo went to the river bank, thrust his fishing hook into the river and again invoked the strange fish. And Ap’ejalodo made his plea. The fish was peeved by the fisherman’s greed and audacity.“You were nobody; I made you somebody and you now have everything at your beck and call. Yet, you want to compete with God in majesty and you will not allow even a common sun to shine and perform the illuminating assignment God brought it to perform on earth!”
The fish angrily stormed back into the river and as Ap’ejalodo, downcast, walked back home, his old torn and wretched dress suddenly came back on him, his mansion transformed into the hut of the past and the couple’s latter wretchedness was more striking than the one of yore.
After writing that piece in 2018, as fate would have it, I was wrong and Tinubu was right. In spite of the several entreaties to him, Ap’ejalodo had his way and Ambode became history. Today, Ap’ejalodo has warred with all his governor nominees since 2007. He attempted to remove all of them but only succeeded with Ambode. On each occasion, he made himself the victim of his disagreements with his mentee governors, answering to that Oscar Wilde statement that you cannot be too careful in the choice of your enemies. Babajide Sanwo-Olu has joined the infamous train of victims of Tinubu’s ferocious anger.
As far back as January of this year, sullen murmurs of bees of power in Alausa and Aso Rock hinted that Ap’ejalodo was angry. While Ambode’s err was failure to offload requested funds, Sanwo-Olu’s was his indiscretion and temerity. An alleged female friend of the governor was said to have helped him courier Lagos funds to Atiku Abubakar and Peter Obi to enable him win the 2023 governorship. In violation of the laws of power, Sanwo-Olu thus outshone the Master. While he won his Lagos election, Ap’ejalodo lost. Ap’ejalodo actually didn’t mind him losing the election, with the aim of cutting his wings but regaining his overlordship of Lagos in a subsequent estimated victory in the court. At a meeting of the two, while the governor swore his innocence, Ap’ejalodo was said to have derisively laughed him off, maintaining he had security reports which affirmed the transaction. The stroke that broke the camel’s back was the governor’s effrontery in removing Speaker Mudashiru Obasa, Ap’ejalodo’s protege who had been overtly rude to the governor.
Twice in a week, Ap’ejalodo has ridiculed Sanwo-Olu, at both the Lagos-Calabar highway and Lekki Free Port road commissioning. He skipped shaking his hands in one and ensured his absence in the other. You could hear the ghoulish cries of vultures waiting to feed off the flesh of the governor. At the Port road commissioning, Ap’ejalodo was fuming from all cylinders: “I am glad the Deputy Governor of Lagos is here. Take it that we will remove all those approvals given on the setbacks already given. No more planning approvals for those unplanned island being created illegally,” he said. Ngugi wa Thiong’o was indeed right. Ire is corrosive.
Ap’ejalodo, having been lifted up by his fish god friend to have an elephant firmly rested on his head, still wants to know what tiny crickets are doing in their small holes. He is enraged by the audacity of Sanwo-Olu’s Sun to intrude into his sacristy. Couldn’t the lanky fellow respect the majesty of the No 1 Citizen of Nigeria, its richest man and the most powerful in the land?
Again, I am certain that we are about to witness the denouement of this macabre drama of Ap’ejalodo trying to appropriate and approximate the power of God. Perhaps, the young man who stoned the Iroko tree some years back is ripe for celestial forces’ retribution at his attempt to wear the same trousers with God?
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