Bread will go up. Diesel is N850 & will hit N1000. Subsidy is N400. Fuel is scarce at N200. You are in stagflation smiling at hyperinflation. USD is N577. Force majeures, you can’t meet OPEC Quota & portfolio investors are not coming. The cost will be transferred to you. Feel me?
Air ticket is N50,000 (one leg). Aviation fuel is heading to N700
Japa may not be for everybody. No booklets. Have you gone to immigration office lately?
Your government is discussing with embassies to reduce your incessant migration. You are in the jungle, try not to get eaten
Buhari took 6 months to appoint his cabinet, leaving Nigeria on autopilot. He closed the borders & ushered in autarky. CBN’s Meffy aided him with ban, forex & tech restrictions.
Nigeria was already in ruins b4 COVID. Russia Ukraine Crisis only added fire to already raging flame.
Now I want you to remove ur partisan cap, neutral cap even, & ponder on this.
Security Horrors aside, imagine Ebele Goodluck Jonathan is in charge of Nigeria with all these Economic Horrors?
What do you think the media, civil society, intellectuals & opposition would be doing??
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1. If the 2nd Niger Bridge was wholly funded by the President Muhammadu Buhari led APC government & not the PPP, why is that 1.6 km bridge being tolled?
2. Who will Nigerians be paying the huge toll fees to? Obviously not Amaechi. Nigerians will pay tolls for 25 years to repay Buhari, the Presidency or Fashola?🤣
3. Apart from over-inflating the cost of that Bridge to the tune of N400 billion, + that additional N10 billion from GEJ, an ethical or moral question is begging for immediate & logical answer.
1. Nigeria is yet to greet its own Industrial Revolution. She is too poor a country to be swallowing everything from the Big West.
Thread.👇
2. Russia & Ukraine Crisis is an another opportunity for Nigeria & Africa to reevaluate their thinking on geopolitics & economy. Things are not black or white. The world is now bipolar. And whether you like it or not, things are changing.
3. Africa contributes just a tiny inconsequential amount to global emissions. Nigeria’s economy is too fragile & any tiny tinkering BOOM💥, everything goes burst!
1. Who was this most remarkable beautiful Nile princess steeped in mystery & fascination, who later became queen Neferneferuaten-Nefertiti? Who was this my alter ego? Where is her tomb or secret burial chamber? It’s a thread.👇
2. Neferneferuaten-Nefertiti, whose name means "a beautiful woman has come, beautiful are the beauties of Aten,” as a show of her ‘absolutism’ for a new religion, was the queen of Egypt & wife of Pharaoh Akhenaten, during the 14th century BC.
3. Around 1350 BC, Nefertiti aged 15, became the queen of Egypt & the Nile. Alongside her husband Akhenaten, they created a new religious order.
1. Biden’s “State Of The Union Address” is going to have lots of talking points. Biden will try to stress the power of the Alliance & the sacrifices Americans will have to make as biting inflation & sanctions takes foothold.
2. Biden is a pacifist but I’m sure we know that already. His speech & body language will continue to stress “deescalation.”
Deescalation will come at what cost?
3. Afghanistan & Ukraine are enough defeats for Biden, but they equally show the World his humanity. Biden is not a Demagogue. Demagoguery is not his strength, humanity is!!
1. The Ruble is falling. Putin can’t just print monies & fill up ATMs. It must be backed by something. Biden starved the Central Bank of Russia of precious Dollars.
2. America will suffer from these sanctions, but not as much as Russia. So how much misery is Putin willing to inflict on Russians & the Russian Economy?
3. Biden don’t want higher Oil prices. Higher Oil prices benefits Russia. China remains Russia’s strategic Oil buyer, & 40% of Russia’s Gold Reserve is held by China. Russia is now left with the option of selling its Oil in Rubles.