According to a report by Vanguard on Wednesday, October 22, 2025, Dr. Olisa Agbakoba, Senior Advocate of Nigeria (SAN) and former President of the Nigerian Bar Association (NBA), has stated that the 2027 presidential election will depend on the candidate who shows genuine dedication to replacing the current constitution, promoting devolution of powers, and ensuring fiscal federalism.
He emphasized that only a leader willing to make these changes can set Nigeria on a path of sustainable growth and unity.
During the presentation of a policy document in Lagos titled “Devolution Is the Solution: Fundamental Reform Agenda for Nigeria’s Transformation,” Dr. Agbakoba highlighted that the nation’s future lies in both political and economic restructuring.
He noted that Nigeria’s challenges cannot be solved by minor amendments to the current constitution but through a complete constitutional replacement that allows for proper power distribution among the states.
According to him, rebuilding Nigeria requires a system where states have greater control over their affairs and can manage their resources responsibly.
He explained that a new constitutional framework should allow each state to own its resources and retain a minimum of 50 percent of the generated revenue.
This approach, he said, would promote accountability, innovation, and healthy competition among states, ultimately leading to balanced national development.
Dr. Agbakoba also outlined several critical sectors where reforms are necessary to achieve these goals.
He pointed to the maritime and aviation sectors as key areas that need modernization and better regulation to boost trade and investment.
He also stressed the importance of judicial reforms to ensure efficient contract enforcement, which would strengthen investor confidence and economic stability.
Beyond these, he called attention to the untapped opportunities in critical minerals and the space industry, which he believes can significantly increase national revenue and employment.
He said agricultural development should be a major focus of future economic planning, as the sector has the potential to unlock an estimated ₦15 trillion in export earnings if properly harnessed and supported by good infrastructure.
Dr. Agbakoba described these proposals as a clear roadmap that can guide Nigeria toward a more prosperous and equitable future.
He explained that the reforms are not just theoretical ideas but practical steps that can lead to real economic transformation when implemented with consistency and sincerity.
He maintained that the task ahead requires visionary leadership and political will.
According to him, the 2027 election presents an opportunity for Nigerians to choose a leader who understands the country’s structural problems and is ready to fix them through constitutional replacement, true devolution, and sound economic reform.
He said: “If these foundational reforms are fully implemented, Nigeria will enter a golden age of development. This is not hyperbole but mathematical certainty.
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