Latest Twitter Threads by @StearsInsights on Thread Reader App

Nov 1, 2023 • 14 tweets • 2 min read

According to Wale Edun, Nigeria's Finance Minister, a massive foreign exchange (FX) inflow of $10 billion is expected in the coming weeks.

🔍 Let's dive into what this FX windfall means for businesses and investors.

1/14 When this money arrives, Nigeria's foreign reserves will gradually increase, confirming receipt of the funds.

However, the reserves won't rise in absolute terms by the full $10 billion.
2/14

Mar 19, 2023 • 14 tweets • 4 min read

🚨 A key LGA in Lagos highlights the extent of voter suppression.

One particular local government, Amuwo-Odofin, stands out, as reports highlight the impact of voter intimidation, violence and disruption on turnout in the state election.

THREAD

Amuwo-Odofin is in Lagos West Senatorial District, the district with the highest concentration of Igbo communities in Lagos.

Mar 19, 2023 • 4 tweets • 2 min read

Compared to the presidential elections, APC's victory margin in Apapa has increased from 56.9% to 72.9%, while their vote share in Lagos Island has gone up from 82% to 91%. What is the reason for this increase?

Read more here:

bit.ly/3YXHXMp

In this update, we highlight a major reason for this increase would be voter suppression which occurred across Lagos state.

stears.co/elections/nige…

Mar 17, 2023 • 6 tweets • 3 min read

Who are the top four contenders for the Gubernatorial race in Lagos State?

From experienced politicians to media moguls, these four leading contenders are vying for your vote to become the next governor of Lagos. 🧵

1. Funsho Doherty, the Governorship Candidate for African Democratic Congress (ADC), and Rosemary Giwa-Amu, his Deputy Governorship Candidate.

Mar 9, 2023 • 9 tweets • 2 min read

Just yesterday, the Independent National Electoral Commission (INEC) announced the postponement of the 2023 Governorship and State Assembly Elections, causing a further delay for Nigerians anticipating the polls.

Here’s why the postponement is taking place 🧵 The elections, previously scheduled for March 11th, were rescheduled by one week to March 18th, 2023, due to legal issues concerning the Bimodal Voter Accreditation System (BVAS). 2/8

Dec 14, 2022 • 11 tweets • 4 min read

Neither Atiku’s nor Tinubu’s manifesto inspires confidence that either candidate can steer Nigeria in the right direction.

Are things different with Peter Obi’s manifesto? Let’s find out!

THREAD
#StearsManifestoWeek 1/11

Let's start with electricity, every Nigerian's pain point.

The LP power sector plans are structured according to the sections of the electricity value chain: generation, transmission, distribution, and a bonus section for financing.

2/11

Dec 12, 2022 • 5 tweets • 2 min read

Peter Obi, seems to be the best option for giving Nigeria the direction and energy it needs, but he also has the smallest chance of winning.

#StearsPremiumToday
bit.ly/3VWomvy We say Peter Obi has the smallest chance of becoming president among the top parties (APC, PDP & LP) because the Labour Party is trying to do something not done so far in Nigerian politics: Win the presidency without holding a single governorship and almost zero legislative seats

Dec 7, 2022 • 17 tweets • 3 min read

The CBN came out with another one of its surprise announcements yesterday.

The apex bank introduced a policy that limits over-the-counter cash withdrawals from commercial banks to ₦100,000 (c. $225) for individuals & ₦200,000 (c. $451) for businesses per week.

THREAD 1/16

This announcement has stirred an uproar across social media with questions like: “What are the reasons behind this new policy?” and “Is this to aid financial inclusion or target politicians?”

2/16

Dec 7, 2022 • 8 tweets • 2 min read

The World Bank estimates that 45% of Nigerians don’t have access to electricity from the grid. That’s 99 million people.

APC & PDP have promised to solve this problem if elected. But which of them is better placed to give 🇳🇬 24HRs electricity?

THREAD #StearsManifestoWeek
1/8 At a glance, here are APC and PDP’s plans for the power sector.

2/8

Dec 6, 2022 • 8 tweets • 2 min read

Since 2015, Nigeria has been in the top 10 of the most terrorised countries in the world. Atiku plans to solve this insecurity problem by hiring 1 million police officers, while Tinubu wants to ‘recharge’ Lake Chad.

Who has a more effective plan?

THREAD
#StearsManifestoWeek 1/8

There is a likely consensus that Nigeria is under-policed, but both presidential candidates view the solution differently.

2/8

Dec 5, 2022 • 5 tweets • 2 min read

According to his manifesto, Bola Tinubu of the All Progressive Congress (APC) plans to achieve a 10% GDP growth rate for Nigeria over the next four years, if elected.

What is the possibility and implication of this growth plan?

THREAD 1/5
#StearsManifestoWeek First, Tinubu’s growth plan is audacious, given the current state of the economy. Since 2014, the Nigerian economy hasn’t achieved an annual growth above 4%.

However, this ambition comes at a price.

Oct 19, 2022 • 16 tweets • 3 min read

Nigeria’s Liquified Natural Gas company (NLNG) has declared Force Majeure.

So what does this mean for Nigerians? We have answers for you.

THREAD 1/16 By declaring force majeure, NLNG is saying that it cannot supply LNG to customers it has contracts with due to unforeseen circumstances (the flooding in Nigeria).

But NLNG has been going through it since last year.

2/16

Oct 12, 2022 • 8 tweets • 3 min read

🙆🏾‍♀️ The ₦20 trillion 2023 budget has a deficit of over ₦10 trillion!
This means the gap between FG’s expenses and revenue, which grew 4x larger between 2015 and 2021, will further expand.
This got us thinking:

Why does Nigeria’s revenue growth keep slowing down?

THREAD 1/8

First, the Federal Government mainly earns from oil and non-oil.

Since the 1980s, crude oil revenue has provided a more significant chunk of the federal government’s revenue. 2016 and 2019 were the only exceptions.

2/8

Sep 21, 2022 • 10 tweets • 3 min read

🇳🇬 How will President Buhari be remembered when he leaves office in less than 150 days?

We’ve taken a holistic look at the President’s impact on the Nigerian economy.

THREAD 1/10

We will remember him as the only President to lead Nigeria into two separate recessions (2016 & 2020) since official records began in 1983.

2/10

Aug 15, 2022 • 19 tweets • 4 min read

It’s official—the NNPC hasn’t remitted oil revenue to the government in 6 months.

Worse, the NNPC’s subsidy expenditure has hit ₦1.593 trillion, surpassing 2021’s ₦1.573 trillion.

THREAD 1/19

It’s no secret that Nigeria doesn’t benefit from high oil prices. Comparing Saudi Arabia’s national oil company, Aramco, to NNPC isn’t exactly fair, but we can’t help but notice that Aramco made $48 billion in profits ($500 million per day) in just Q2 2022!

2/19

Jul 11, 2022 • 9 tweets • 3 min read

Buhari’s scorecard (graded from A-F).

Where A means exceeded expectations and F means underperformance:

🌽 Agriculture - D
💼 Unemployment - F
🧑🏾‍💻 The tech ecosystem - C
🚗 Gas-powered vehicles - D
📡 Internet infrastructure - C

THREAD 1/9

In less than 230 days, Nigerians will choose their next President.

But how has the current one performed? We picked five areas based on the objectives set by his administration and assessed performance with scores from A to F.

2/9

Jul 8, 2022 • 16 tweets • 3 min read

This week, crude oil prices dropped below $100/barrel for the first time since April. 📉

What’s happening, and should we expect a decline in diesel prices? ⛽️

First, some context on the global oil market.

1/15

The high prices are caused by high oil demand over supply.

As countries lifted pandemic lockdown restrictions in 2021, oil producers like Saudi Arabia, Iraq and Russia were slow to increase oil supplies due to fears that another lockdown would happen.

2/15

Jul 6, 2022 • 11 tweets • 3 min read

Lagos @followlasg is, without exception, the commercial giant of Nigeria, but it is also the second least liveable city in the world (for the 3rd time in a row).

Second only to Syria’s war-torn city, Damascus.

A thread to make it make sense.

1/11

When you consider all the sources of a state’s revenue:

- Internally Generated Revenue (IGR)
- Federation Account Allocation Committee (FAAC)
- Capital imports

Lagos is top in Nigeria. But living conditions in the city are worsening.

2/11

Jun 22, 2022 • 17 tweets • 3 min read

🇳🇬 presidential candidates are champions at giving empty promises.

And now that they are trying to secure their political future, pressing issues, like the economy & insecurity, are on the frontlines.

So how do you spot promises worthy or not worthy of your votes?

THREAD 1/17

In this thread and our latest free story, we explain why Nigerians need to be alert, now, more than ever, to spot a manifesto worth buying into.

2/17

Jun 17, 2022 • 19 tweets • 6 min read

No, Nigeria can't afford to borrow more because, in the end, only one thing matters when it comes to debt.

Will you be able to pay back when the time comes?

Going by this, 🇳🇬's debt is unsustainable as paying back is becoming more & more difficult, and we’ll show you why:

1/18

https://twitter.com/StatiSense/status/1535342669953744896

What does the debt-to-GDP ratio tell us?

Nigeria’s current debt to GDP ratio is currently 22%, far less than the @IMFNews's recommendation of 35%, and much less than international counterparts.

2/18

Jun 16, 2022 • 13 tweets • 3 min read

Four days ago, Nigeria’s electricity grid collapsed again.

This meant that the available energy dropped to 9 MW which is barely enough to power a large estate like VGC.

Yes, that bad.

If you are tired of wondering why the grid continues to collapse, keep reading. ⚡

1/13

The major cause of grid collapse is grid instability.

This happens when electricity demand does not equal electricity supply.

2/13

Share this page!

Enter URL or ID to Unroll