Amaka Peace Chiemezie

PhDing| Flawed, yet worthy| Computational Social Scientist | Privacy | Data/AI Governance | Cyber/ Info Sec | US Air force | Igbotique | Support @HNDScholarsHub

[Amaka Peace Chiemezie @Ahmypeace]

Hi Friends

We are studying how people in Nigeria 🇳🇬 and the United States 🇺🇸 use and perceive AI, bots, and robotics.

If you are 18+ and familiar with AI tools, we want your voice in this dataset.

Here is the link: https://t.co/mUxOLWAbKl

Takes a few minutes. Voluntary. Confidential.

Please kindly share with your network🙏
@olumuyiwaayo @matajson @Timmysofine @AdewuyiRoseline @AfamDeluxo @Anifelconsult @marshalwahlexyz @dimps_cindy @SamdGreat01 @IzunnaDike @Bellaaderonke @UgochukwuCFR @Naplaymaker @ImadeIyamu @nzubeohalete @Anifelconsult @bibzyCarter @AdoraNwodo @Morris_Monye @OmowunmiBalo @Ebunoluwa_fab @Ifwal95 @baba_Omoloro @Mrpossidez

[Amaka Peace Chiemezie @Ahmypeace]

@TyreeqVirtual The writing was good. I didn't comment on the content. I don't have enough information on stock exchange in Nigeria to.

[Amaka Peace Chiemezie @Ahmypeace]

You are a beautiful writer. I read the entire thing👏

[Chetuya Chinagolum @Chetuyachinago]

It is highly interesting and deeply ironic that Nigeria is currently being paraded as having the "world's best-performing stock market."

To put statistical illusion into clear mathematical perspective, South Korea comfortably has over 200 publicly traded companies with an individual market capitalization exceeding $1 billion USD. In stark contrast, the total number of companies on the Nigerian Stock Exchange with a market cap exceeding that same $1 billion mark sits at a measly, fluctuating 11 to 18. Furthermore, the South Korean Stock Exchange is home to over 2,500 listed companies, whereas the entire Nigerian stock exchange is struggling to maintain even 150. To make matters infinitely worse, the annual revenue of just one single South Korean conglomerate, Samsung, comfortably exceeds the entire, devalued annual Gross Domestic Product (GDP) of the Federal Republic of Nigeria.

So, it is obviously completely insane and deeply delusional to imagine that Nigeria is genuinely outperforming the rest of humanity in its actual economic output, industrial productivity, or stock market indices. Nigeria is currently the undisputed poverty capital of the world, where small businesses are collapsing by the dozens every single day. So that begs the question: what does this glowing market report actually mean for the ordinary people of Nigeria?

Well, for one, if a struggling, debt-ridden developing nation suddenly starts to heavily outperform advanced, highly industrialized nations on its stock exchange, it is actually a massive, flashing red indicator that the country in question is facing a severe and monumental hyperinflation. Nigeria is currently experiencing historic, record-breaking inflation, so this stock market boom is merely an indicator that wealthy oligarchs, institutional investors, and local investment banks have smartly recognized that if they hold their cash in standard bank accounts during this highly volatile period, they will lose their purchasing power every single day. Since they cannot easily access scarce foreign currencies like US dollars or Euros due to strict government currency controls, they desperately dump their fast-depleting Naira into solid, tangible local stocks like Dangote Cement, BUA Group, or MTN Nigeria just to preserve their wealth.

So, this triumphant news report that we are passionately commanded to celebrate is actually a terrifying warning sign that Nigeria is experiencing severe, runaway inflation. The local elites, corporate cartels, and bank directors are frantically tripping over themselves to buy blue-chip local stocks strictly to hedge against currency collapse, and this sudden, desperate surge in local demand has artificially driven up the prices of these shares to such a disproportionate, heavily padded percentage that on paper, it looks much more profitable to invest in the Nigerian stock market than in the highly productive, technologically advanced South Korean stock exchange.

Another major reason for this artificial stock market spike is the aggressive, reckless increase in interest rates by the Central Bank of Nigeria on behalf of the IMF and the World Bank. While this brutal rate hike has successfully collapsed thousands of local manufacturing businesses because commercial banks are now charging as high as 40% interest on business loans, it has also temporarily attracted a massive influx of volatile "hot money" from foreign speculators who are lending money to the Nigerian government by purchasing short-term treasury bills and sovereign bonds just to greedily exploit these high yields.

It is crucially important to historically emphasize that Nigeria is absolutely not the only developing country to be declared the "best-performing stock market in history." Mexico proudly achieved this exact same fraudulent title in the run-up to 1994, and it ended up almost collapsing their entire national economy into absolute oblivion. At the time, the Mexican government, acting on the strict advice of the World Bank, aggressively increased interest rates and adopted painful Structural Adjustment Programmes that triggered massive hyperinflation across the country. This temporarily, artificially increased their foreign reserves as yield-hungry international speculators dived in to exploit these high interest rates, causing their local real estate markets and stock exchanges to explode into a virtual goldmine for foreign investors. But this artificial boom did not even last for a few years. The moment the United States Federal Reserve increased its own interest rates, international investors panicked, liquidated their assets overnight, and pulled their hot money completely out of Mexico. This massive, sudden capital flight almost collapsed the Mexican Peso, forcing their desperate government to raise domestic interest rates to an astronomical 70%, but even this extreme measure was not enough to save the country from descending into total state failure. This was the exact moment Mexico was forced to accept a humiliating, sovereignty-destroying bailout from the IMF and the United States totaling a massive $57 billion. Exactly $20 billion of that came directly from the US treasury, but it came with the highly insulting, neocolonial condition that all revenues from the global sales of Mexican state-owned oil must be deposited directly into the Federal Reserve Bank in New York City as collateral to secure the debt, while the IMF forced even more brutal, structural adjustment programs on Mexico that the country has still not fully recovered from even to this very day.

So, while this stock market boom is currently being heavily marketed as another monumental, ground-breaking macroeconomic achievement by the Tinubu Administration, it is in reality extremely dangerous, deceptive, and reckless. Not only does it completely fail to reflect the actual, material reality on the ground, which is that Nigeria is currently the bleeding poverty capital of the world, but this exact, artificial economic bubble has the direct, terrifying potential to completely collapse the Nigerian economy, trigger massive capital flight, and permanently reduce the country to a subservient, bankrupt puppet state run entirely by the harsh austerity measures, economic dictates, and financial chains of boardroom terror organizations like the IMF and the World Bank.

[Amaka Peace Chiemezie @Ahmypeace]

@wa_reeth Lool

[Amaka Peace Chiemezie @Ahmypeace]

@Harri_obi Loool. The way I laugheddd.

[Amaka Peace Chiemezie @Ahmypeace]

It IS, in my view, a colonial hermeneutic,one that requires a conscious detour from the usual epistemic habits through which African texts have historically been approached. Until then, African literature cannot be encountered on its own aesthetic, philosophical, and formal terms

[Amaka Peace Chiemezie @Ahmypeace]

Or maybe the deeper question is not just whether African texts are received as art or ethnography, but why African literature is persistently compelled to justify itself through ethnographic legibility. The demand for cultural explanation usually precedes that of aesthetic...

[Adedayo Agarau @adedayoagarau]

We don’t speak often enough about the extent to which African literature is often received as ethnographic evidence rather than as art. This anthropological mode of reading reduces complex works to cultural documents that obscure their formal invention, aesthetic intelligence, philosophical range, and literary ambition.

[Amaka Peace Chiemezie @Ahmypeace]

engagement, positioning the African writer as an informant before an artist.
European literature is rarely burdened with representing Europe, African literature is routinely evaluated for what it can disclose about Africa.

[Credo's first *Ngafa* @hi_ayanda]

... so this is harassment. And quite frankly, racism.

[Amaka Peace Chiemezie @Ahmypeace]

@Unfilteredxrp8 Thank you so much 🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

Happy Birthday to me 🎂 🥳

Thank you Lord for keeping things running smoothly...

I pray for ease, fulfillment, mercy, and grace. Amen

[Amaka Peace Chiemezie @Ahmypeace]

@SamdGreat01 Thank you so much Doc🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

@EmmaOduro3 Thank you so much Emma🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

@AdewuyiRoseline Thank you so much Rose 🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

@marshalwahlexyz Thank you so much my gee 🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

@Sir_Rexpect Thank you so much 🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

@Ike_Obiora Thank you so much 🥰😍

[Amaka Peace Chiemezie @Ahmypeace]

Sis!

[Olaromola🇳🇬 @abike1999]

I'm sorry, I SO hate when children of immigrants get into unnecessary trouble. Most of our parents did not have 2 nickels to rub together when they came here. Introduced you to opportunities they couldn't even dream of for themselves... Jesus Christ man

[Amaka Peace Chiemezie @Ahmypeace]

@matajson Thank you so much Doc

[Amaka Peace Chiemezie @Ahmypeace]

@Ike_Obiora I am torn between onugbu and oha

[Amaka Peace Chiemezie @Ahmypeace]

@___presh Thank you Presh

[Amaka Peace Chiemezie @Ahmypeace]

@lamichdamichel Thank you so much for your kind words