Mayokun Ajibade

Influence....all about influence.

[Mayokun Ajibade @AfricanMayo]

"....we must learn to be equally good at what is short and sharp, and what is long and tough." - W Churchill

[Mayokun Ajibade @AfricanMayo]

A lot to be said…..but more importantly, that needs to be done

[Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa]

Black Rock South Africa Infrastructure Investment Summit 2026 https://t.co/7WrHjiFyAh

[Mayokun Ajibade @AfricanMayo]

Here we go…..

[Central Bank of Nigeria @cenbank]

CBN Publishes Fintech Report: Shaping the Future of Fintech in Nigeria

The Central Bank of Nigeria has released a comprehensive assessment of Nigeria’s fintech landscape, outlining the priorities needed to sustain innovation, strengthen system integrity, and support the next phase of digital financial growth.

The report examines the scale and maturity of Nigeria’s fintech ecosystem, highlighting the country’s leadership in real-time payments and the structural factors shaping recent growth. It positions fintech innovation as a complementary force within the financial system, expanding access, efficiency, and reach, while preserving stability and resilience.

Informed by surveys and extensive stakeholder engagement, the report outlines practical policy directions to improve regulatory coordination, strengthen supervisory capability, and support responsible innovation, including cross-border scale. It underscores interoperability, proportional regulation, and effective execution as critical enablers of sustainable ecosystem development.

This publication forms part of an ongoing series through which the CBN will continue to engage the financial sector, provide clearer regulatory direction, and support more coordinated execution. It is intended to serve as a shared reference point for banks, fintech firms, regulators, infrastructure providers, investors, and partners as Nigeria consolidates its position within the regional and global fintech landscape.

https://t.co/PGvSgeDcQ2

#CBN
#PolicyInsightSeries

[Mayokun Ajibade @AfricanMayo]

When we fix this country, Nigerians will be quite insufferable sha…….nobody go hear word anywhere in the world 😂

[DICKSON MAGECHA @Dicksonmagecha]

Why Economic Models Can’t Fix a Political Crisis
​The latest research on Kenya’s public debt (Nyoro & Njaramba, 2025) confirms what we feel at the pump and the grocery store: Our massive budget deficit is the primary "invisible hand" devaluing the Shilling.
​But while the math is sound, the solution isn't just about spreadsheets.
Here is why the paper’s call for "fiscal discipline" is an economic answer to a political war:

​1. The "Political Survival" Premium
The paper uses a VAR model to show that deficits cause currency misalignment. In simple terms: we borrow, the Shilling fluctuates. But in Kenya, the deficit isn't an "error"—it’s a tool for political survival. When a government faces a choice between "fiscal discipline" (cutting spending) and "political stability" (paying the police, teachers, and regional blocs), they will choose the deficit every time. You can’t balance a budget if it means losing your grip on power.

​2. The Budget Padding & Waste Trap
The paper argues that we need to bridge the fiscal gap. However, it ignores the "Institutionalized Waste" that makes our budget so bloated. Between "budget padding" in Parliament and the creation of redundant offices to reward political allies, the deficit is often manufactured. We aren't just borrowing because we are poor; we are borrowing to fund a bloated bureaucracy that serves as a reward system for the victors of the last election.

​3. The Social Contract is Broken
The paper suggests "increasing revenue" to bridge the gap. But as we saw with the #RejectFinanceBill2024 movement, you cannot tax a population beyond a certain point. Economic theory says "Tax > Revenue > Debt Reduction." Political reality says "Tax > Corruption > Revolt." Without fixing the Accountability Crisis, the fiscal math will never add up.

​4. Development vs. Recurrent Spending
The study notes that our debt isn't going into development; it’s going into "consumption" (salaries and debt servicing). This is the definition of a debt trap. We are taking out a mortgage to buy groceries. An economic model can tell us this is bad, but only a political overhaul can stop the "tenderpreneurship" that inflates project costs by 300%.

​The Bottom Line:
We don’t just have an "Exchange Rate" problem; we have a "Governance" problem. The Nyoro-Njaramba paper provides the diagnosis, but the cure isn't found in economics solutions —it’s found in the restoration of the social contract and the end of the "Common Pool" politics where the state is treated as a carcass to be scavenged.
​#KenyaEconomy #PublicDebt #Shilling #FiscalPolicy #Governance

[Mayokun Ajibade @AfricanMayo]

@raziakkhan This is why we need to write our own stories….factual and devoid of local politics or biases.

[Mayokun Ajibade @AfricanMayo]

@blessed_04 Agbaya 😂

[Mayokun Ajibade @AfricanMayo]

Recommend this to all the clever folks operating in the Nigeria FX space.

[Mayokun Ajibade @AfricanMayo]

Ah….💔Rest peacefully sir. A legend on whose shoulders many continue to climb. 🕊️

[SABC News @SABCNews]

BREAKING NEWS | Former finance minister and Reserve Bank governor Tito Mboweni has died.

[Mayokun Ajibade @AfricanMayo]

@raziakkhan Was this not announced yesterday? 🤷🏾‍♂️

[Mayokun Ajibade @AfricanMayo]

@orekelewa_etc Add local cost of funds at over 30% ….should the question not be why the rate is going up instead of down…..given all data points?

[Shane Parrish @shaneparrish]

Just because others can't see the results doesn't mean you're not getting better. Just because someone is ahead of you doesn't mean you are on the wrong trajectory. Just because there is no applause doesn't mean you're on the wrong path. Just because no one notices doesn't mean it doesn't matter.

Not all progress is visible. Not all victories are celebrated.

[Mayokun Ajibade @AfricanMayo]

“Ease is a greater threat to progress than hardship” - a painfully true profound statement .

[Mayokun Ajibade @AfricanMayo]

I think about this a lot…..often with different lenses

[Brent Beshore @BrentBeshore]

Found this years ago. Remains some of the most valuable advice I've ever seen.

If I were a business school professor, I'd have my students memorize it.

[Mayokun Ajibade @AfricanMayo]

Inflation is your worst enemy….not a weak currency. And no, the latter is not in itself inflationary….

[Mayokun Ajibade @AfricanMayo]

@DjBiso Yup….na the thing wey person get him dey use brag.

[Mayokun Ajibade @AfricanMayo]

Low hanging fruits….

[Anele Mdoda @Anele]

Come to South Africa 🇿🇦🇿🇦🇿🇦

[Mayokun Ajibade @AfricanMayo]

@seunsmith Indeed. They have literally swallowed all the bitter pills the IMF would have prescribed…….so just makes no sense to walk away from the benefits, more so when it’s desperately needed 🤷🏾‍♂️

[Mayokun Ajibade @AfricanMayo]

@seunsmith Call probably happened already so remain to land am politically…..cos no ways the ‘43’ was done without a liquidity back stop.

[Mayokun Ajibade @AfricanMayo]

@blessed_04 @ugodre Na IMF las las….they should just do it quickly and keep things moving