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Yinka Ogunnubi
@yinkanubi
, 4 tweets, 2 min read Read on Twitter
FG: We need to borrow to fund the budget
Twitter NG: Stop borrowing. Live within your means
FG: Ok, let's live within our means by supporting local industries.
Twitter NG: Are you madt? How can we live within our means in this economy?
FG: Shd we increase Taxes to fund d budget?
TwitterNG: Something must be wrong with you. Do you want to kill the masses?
FG: How about we sell some national assets to raise funds?
TwitterNG: So you want to sell our national assets to your friends like you sold Etisalat to your family Abi?
FG: So what can we do?
TwitterNG: Remove Fuel Subsidies, you will raise N1 Trillion.
FG: Great, we will remove fuel subsidies?
TwitterNG: Why would you remove subsidies? Do you want to kill us?
FG: But most of the fuel is being smuggled accross the border.
TwitterNG: Empty brain, Close the border Joor!
FG: Closes the border
TwitterNG: Why must you close the border? Do you want to kill their economy? Besides the price of rice has gone up.
FG: But we now produce rice locally?
TwitterNG: Which useless rice. Show me the plantation.
FG: 👇
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More from @yinkanubi see all

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Yinka Ogunnubi
@yinkanubi
Nigerians actually have time majoring on the minor. They have been focused on the CBN charge on deposits when in reality the real focus shd have been on additional taxes that'll now be incurred on POS transactions.

On the 16th Sept, the @cenbank released two circulars

A THREAD
The first circular was titled "Implementation of the Cash Policy". It is the one we've been debating since yesterday. But the second one was titled "Review of Process For Merchants Collections on Electronic Payment". Now this one is the real deal. It prescribes two regulations.
1. Banks shall unbundle merchant settlement amounts and charge applicable taxes and duties on individual transactions as stipulated by regulations and

2. Merchant Service Charges (MSC) has been reviewed downward from 0.75% cap (N1,200) to 0.50% cap (N1,000)

What does this mean?
Read 10 tweets
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Yinka Ogunnubi
@yinkanubi
This morning, a colleague walked up to me saying she heard that the CBN wants to start charging for every bank deposits she makes. I didn't have the strength to start arguing, I just gave her the circular and asked her to read it. She got the message. #CashlessPolicy

A THREAD
The prelude to this new circular was actually one issued in April 2017 where the CBN suspended the new withdrawal and deposits charges nationwide but maintained only the withdrawal processesing charges for Lagos, Ogun, Kano, Abia, Anambra, Rivers FCT. #CashlessPolicy
So what has changed? Nothing much. The only thing that has changed is the introduction of the processing fees for lodgments in the selected States. The processing fees for withdrawals remain the same and nationwide implementation is still not under March 2020. #CashlessPolicy
Read 6 tweets
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Yinka Ogunnubi
@yinkanubi
"We do not talk of mental health enough in this country. We demonize mental health and those with mental illness. In fact, we invented horsewhip to beat mentally ill people because it controls them. Tell me who will not be calm when beaten?" - @sam_adeyemi @DaystarNG
"Jesus predicted that in the end times, Mental illness will increase. In Luke 21:25-26 He said "Men's heart will be failing them for fear." - @sam_adeyemi @DaystarNG
"Faith comes by hearing and hearing by the word of God. What produces faith is also what produces fear. If you keep hearing negative things, it will create fear and make you susceptible to mental illness. Guard what you hear." - @sam_adeyemi @DaystarNG
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Ayekooto
@DeeOneAyekooto
• FG: We need to borrow to fund the budget

• Facebook NG: Stop borrowing. Live within your means

• FG: Ok, let's live within our means by supporting local industries.

• Facebook NG: Are you madt? How can we live within our means in this economy?
• FG: Should we increase Taxes to fund the budget?

Facebook NG: Something must be wrong with u. Do u want to kill d masses?

FG: How about we sell some nat assets to raise funds?

Facebook NG: So U want to sell our nat assets to yr friends like u sold Etisalat to yr family Abi?
• FG: So what can we do?

• Facebook NG: Remove Fuel Subsidies ( under recovery), you will raise N1 Trillion.

FG: Great, we will remove fuel subsidies?

Facebook NG: Why would u remove subsidies? Do u want to kill us?

FG: But most of d fuel is being smuggled accross d border
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teleSUR English
@telesurenglish
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The Joint Staff
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#LIVE: #GenDunford speaks with @MichaelEOHanlon @BrookingsInst on the current national security landscape, the state of our #JointForce, and key defense choices for the future. twitter.com/i/broadcasts/1…
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Sotiri Dimpinoudis
@sotiridi
This will be my #GiletsJaunes Thread of Tomorrow in #Paris and across #France! Keep this Thread open and refresh once it will start! I Will be reporting again in my Home Studio of the situation.
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Frank van Lerven
@Frank_vanlerven
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