βοΈ Editor, Netizen Parrot | π‘οΈ Civic Advocate | π³π¬ Fighting for Good Governance & Accountability in Africa. | DMs open for tips. | Football Lover | @Arsenal
Nigeria and Africa at large deserve better. Weβve spent too long complaining in private. Itβs time to move from "talk" to "action."
I am Gabriel Stephen, and I am officially committing my platform to the fight for Good Governance and Accountability. π³π¬πͺ
#GoodGovernance#Nigeria
@ennyola0015@AboderinA TRS is cheap abi, madam go and make your research, check about the risks Total Return Swap.
Nigeria is essentially pledging local assets (naira-denominated securities) at a steep 133.3% of the loan value as collateral, tied to complex financial market variables.
@Phinehas_Josiah@ennyola0015 Let's just pray the successors don't walk into a hidden trap like the current president of Senegal did. With our current macroeconomic reality, the next government will be fighting for survival from day one.π€£π€£π€£π€£
@JohnFanimokun See @JohnFanimokun booming exchange in Marina doesn't fix the hunger in the streets of the 140 million Nigerians still living in poverty.
@JohnFanimokun Yes, the NGX crossed β¦150 trn, but let's not confuse investor speculation with economic transformation. The stock market is a dashboard for the wealthy; the price of food is the dashboard for the people. π
@Omoologo2027 Furthermore, paying $9 billion in servicing is like paying the interest on a credit card you aren't debt free, youβre just preventing a default. If he actually paid off the debt, the total debt stock wouldn't have jumped from β¦87 trillion to β¦159 trillion in two years.
@Omoologo2027 Your data is missing the forest for the trees. You're counting approvals from one source as the total borrowing, while ignoring the $21 billion and $6 billion external plans approved by the Senate, plus the trillions in domestic bonds.