Nnemelu Ikenna .N.

An onitsha based businessman , critical thinker, analyst, loves to chat, learn, watch educative programmes, listen to music.

[Nnemelu Ikenna .N. @Afunwa78]

https://t.co/k6jT7BhjMw

[Pravita Panday @pravita_pandey]

A man spends 50 years teaching at MIT.

He knows his time is running out.

So he records one last lecture — everything he knows, distilled into a single hour.

He died 5 months later.

This is that lecture.

The most important hour you'll watch this week. 👇
Bookmark it for later

[Nedu Ani @Nedumcity_]

If you’re not coming to share ideas with me, please stay in your house.

[Duke of Africa @Allezamani]

Repost without saying anything.

[Masculine Monk /self improvement @MasculineMonk14]

6 fruits you should eat for rock-hard erections.

Bookmark this thread 👇

[Oyindamola🙄 @dammiedammie35]

Sabinus gave Carter efe a grand tour of his new resort, hotel, club, bar and salon..Omoh, Sabinus get money dai 🤯🥶!! Then Carter efe told Sabinus to invite Chike for the opening and Sabinus said this 😭💔🧎🏻‍♂️‍➡️

[Bishop Robert Barron @BishopBarron]

Join Bishop Barron For Brief And Insightful Commentaries On Faith And Culture

[Cyborg Warlord @Admiral_Cyborg]

Sanctions are meant to cripple a country, as they cut access to money, block international cooperation, and isolate governments from the global system. Many countries collapse under them.

In the mid-1990s, Nigeria was under heavy international pressure.
There were travel bans.
Diplomatic isolation.
Limited access to Western banks and finance.

Yet The Nigerian government continued to function:
Budgets were funded.
Workers were paid.
Schools, security agencies, and ministries kept running.

So the question is simple:

How did the country survive financially when it was cut off from much of the world?

This is not about praise.
It is about understanding how the system worked.

Between 1994 and 1998, Nigeria was led by General Sani Abacha.

Even under sanctions, some fundamentals remained:

Nigeria was producing about 2 to 2.2 million barrels of oil per day. Oil prices were low by today’s standards, about $16 to $20 per barrel. The country had significant foreign reserves and manageable external debt.

Nigeria was isolated but it was not broke, and the state did not shut down.

Budgets were funded mainly from oil revenue and government-controlled assets. The country did not depend heavily on loans from the IMF or World Bank.

That meant:

No foreign creditors calling the shots
No sudden debt repayments draining the budget
More control over national finances

Oil, ports, customs, and power stayed under government control.
Revenue flowed directly to the state.

There were no rushed privatizations to raise quick cash.
No selling the future to fund the present.

Nigeria was not heavily dependent on international credit markets, sanctions hurt but they did not paralyze the system. The country was insulated from sudden external shocks.

Government spending prioritized:
Paying salaries
Running core ministries
Maintaining security
Building selected infrastructure

The goal was simple: keep the state alive and functioning.

In 1995, inflation was extremely high at over 70%.
Prices were rising fast.
Life was expensive.

But by 1997 and 1998, inflation fell to single digits around 8–9%.

That was one of the sharpest drops in inflation in Nigeria’s history.

How did that happen?

The government avoided excessive borrowing and money printing.
Budgets were mostly funded with oil revenue, not freshly created money.

Money supply was tightly controlled.

Extra oil earnings were directed into infrastructure through the Petroleum Trust Fund, instead of flooding the economy with cash.

Less excess money meant less pressure on prices, and so inflation came down sharply.

Officially, the naira was fixed at about ₦22 to $1.

Supporters say this helped government planning and reduced inflation.

Critics point out something important.

Most businesses could not access dollars at that official rate.
In another market, the dollar traded between ₦80 and ₦85.

So there were two realities:

The official rate
And the real market rate

The naira was managed but not fully free.
Stability existed, but it was incomplete.

Fast-forward to today.

Nigeria still produces similar amounts of oil.
Oil revenues are higher in nominal terms.

Yet:

Debt servicing is much heavier.
Budgets are under pressure.
Selling national assets is now debated as a solution.

So the question is uncomfortable but necessary:

Why did Nigeria manage to fund budgets under sanctions, but struggles today with full access to global finance?

The answer is not oil alone.

It lies in debt levels, asset control, revenue leakage, and discipline.

This is not an endorsement of military rule.
It is not a call to return to the past.

It is a lesson.

[Nnemelu Ikenna .N. @Afunwa78]

FULL LIST: Political heavyweights who escorted Peter Obi to ADC https://t.co/PCInnNZiCP

[Nnemelu Ikenna .N. @Afunwa78]

When Idriss Deby Led Army To Go And Fight Boko Haram,They Said“No,We Have No Problem With You-Ishola https://t.co/LSq0dko7yw

[Nnemelu Ikenna .N. @Afunwa78]

@renoomokri Any color that represents truth and integrity.

[Nnemelu Ikenna .N. @Afunwa78]

@OkpePatrick7 @renoomokri So even black is not safe from Reno's stain.( lies)

[UptownOfLagos @Uptownoflagos]

Breaking:

“I think all of us should increase respect for Peter Obi. I am really very proud of him, I think for anybody to run a State or Country, he needs to follow what Obi has done, I wish Ojukwu was alive to see this success story”- Dangote (At Obi’s handover in awka 2014) 👇🏾

[Nnemelu Ikenna .N. @Afunwa78]

Pastor Abel Damina Drops BOMBSHELL After A Muslim Asked Him ‘Is Jesus God?’ — Quotes Quran And Bible https://t.co/rLYgJVCUdU

[Nnemelu Ikenna .N. @Afunwa78]

@EmmyPromise71

[OurFaveOnlineDoc 🇬🇧 🇳🇬 @OurFavOnlineDoc]

If you want to know if the nysc corper lady was lying about the economy or she was telling the truth:

Watch this video to see current market prices of foods.

Please make sure you share it for everyone to see especially the slaves defending this madness.

[CHUKS 🍥 @ChuksEricE]

"Raye, I assure you, just like Nigerians have my back during my own time, we got your back too. Nothing is going to happen to you"

-Dele Farotimi reacts to video of
NYSC corp member who cålls out Tinubu's government over high cost of living in Nigeria.

[Anambra 1st son @UchePOkoye]

When money talks, truth goes silent, and when power speaks money take three steps back.

The powerful and rich don't play by the rules.

[Olaudah Equiano® @RealOlaudah]

Prof. J.G.N Onyekpe, a professor of history from the University of Lagos, on Igbo origin, migration, expansion, and identity.
A must-watch by all lovers of history.

[Liberate Africa @DamilojuJLT]

The Audio Summary of the book, *"Nigeria And its Criminal Justice System"* by Dele Farotimi in a nutshell. Here are chapter-by-chapter take-aways.

Those that feel they can buy the truth off the market can continue to try. The truth is out already and it is not going back to hibernation.
Oya Enjoy.
#FreeDeleFarotimi
#FreeDeleFatotimiNOW