Nigeria was a failed state under you
- Our sitting Attorney General was assassinated
- Ngige a governor was kidnapped
- Senate presidents were removed like primary school class captains
- Political assassinations
- Sharia religious riots
- Ife & Modakeke war
- Ijaw & Itsekiri
- OPC and Hausas in Lagos
- OPC crisis in the south west
- Odi massacre in Bayelsa
- Zaki Biam massacre
- Massob crisis in the South East
- Egbesu boys
- Niger Delta militancy / constant kidnapping of oil workers
- Jos ethnic crisis
- Kaduna riots
- Miss world religious riots
- Violent impeachment of state governors - Oyo, Anambra, Ekiti, Bayelsa
- Tiv / Jukun ethnic wars in Taraba
- NLC strike
- Fuel scarcity
- fraudulent privatisations
- Retrenchment of workers without paying their pensions
- Perennial ASUU strikes
- Nigerian police strike
- Withdrawal of funds from Lagos state
- Boko Haram started in 2002

The list is endless

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More from @fimiletoks

21 Sep
I hope the FG will repeal the land use act and give land ownership back to communities and rural dwellers. We cannot defeat rural poverty when we have assets / dead capital locked away. The greatest route to wealth in rural communities is their land.
They have nothing except their ancestral land and solid minerals. All these are locked away from them. They cannot use their land to access credit facilities from banks because the lands don't have CofO and aren't documented. They cannot attract investment in their communities
Investment in farming and other activities are land dependent. When land ownership returns to the people, the governors will be forced to focus on them and work with them.
Agric, housing cannot scale as long as the bureaucratic nature of securing land / occupancy from govt
Read 6 tweets
12 Aug
Just a quick reminder
1. Nigeria does not print dollar bills
2. Nigeria earns forex through exports, FPI /FDI & remittances
3. With Covid 19 FPI will drop significantly
4. Oil which is our major revenue earner is now trading at a lower rate
5. The CBN must keep at foreign reserve at a particular threshold to make sure that we can at least finance 6 months imports - food, oil, machinery, raw materials etc.
6. The CBN also needs to supply foreign currency to keep the market steady and prevent inflation
7. Constant demand for dollars will continue to weaken the Naira if it is not matched by exports or production
8. The govt will be forced to devalue the currency if the CBN can no longer defend the Naira
9. There is no magic that can be done, it's simple economics..
Read 4 tweets
11 Aug
From 2017 when Prof. Osinbajo inspected the Apapa port..
1. Warri port dredging completed
2. Calabar port received container vessels
3. Concrete road construction - Apapa - Oshodi - Oworonshoki expressway
4. Rail line from port - Lagos - Ibadan and dry port at Omi Adio
Two new ports in Bonny Island / Pessu.
Shipyard in Bayelsa, state of hero.
Coastal railway approval - Lagos - Portharcourt- Calabar with links in Benin, warri, Anambra.
- Marine bridge Apapa rehabilitation, bridge has been abandoned for years
- Apapa wharf concrete road
- Lagos / Ibadan expressway construction
Read 4 tweets
2 Aug
Houston police department budget - $964m
Houston population - 7.1m
Number of police officers - 5200

Nigerian Police force budget - $1m
Nigerian population - 200m
Number of police officers - 370,000

Food for thought...
Let me state that the total release may not be up to 60% of the money budgeted. Look at the money budgeted for stationery and fuel. Now you know the reason why police stations will ask for money to buy paper and fuel. This system is dead...
$1bn not $1m (correction)
Even when the money is disbursed, it hangs in the air and the commands rarely get the needed funds. We need to discard this federal police system and decentralise it. There is no way out of this mess.
Read 4 tweets
30 Jul
A simple check on the Debt Management Office website will show the status of loans collected from China, when they were collected, projects, disbursement and the amount outstanding. Please check the loans collected by the Otuoke man, projects and disbursement. Sum it up..
Between 2010 and 2013 when Oil sold above $100 per barrel, when the economy was "booming". He took his begging bowl to China to seek for funds.
399 + 500 + 500 + 100 + 500 + 984 = $2.984bn

Name any project that was completed within the stipulated period?
Now check the amount disbursed and how much he paid back. Buhari inherited the projects, inherited the loans and the interest. Don't also forget that he got over over $500m from Abacha loot.
Sum up the loans that Buhari has borrowed from China = $2.5bn, check the disbursement
Read 4 tweets
29 Jul
Please stop the misinformation. There is no agreement that states that Nigeria should waive its immunity. It is utterly absurd to think that Nigeria with $500b GDP, foreign reserve of $36bn, revenue of approx $60bn will waive its sovereignty for $500m..
loan from China. As an ex Banker, I assume you know the processes involved in the recovery of bad loans. Lenders go after the properties of debtors through the courts. If Nigeria borrows from China and we refuse to pay, China has the right to recover the loans through our assets
If the Chinese government is not sure that we will, through our judiciary enforce the forfeiture of those assets in our country then the best option for them is to look at assets outside the shores of Nigeria in other countries.
Read 6 tweets

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