EdysoftJr

Full stack developer, building cool stuff.

[. @carterdalast]

Africa’s resources is for Africans

[Peter Akah @Peter4Nigeria]

Our dear Pastor wife of president ma @SenRemiTinubu thank u for the advice ma, i have started my Akara business, I added a few Ogi, Yam dindin and some potatoes, by next week i should be adding Ogiri and Okpehi ma🙏🏽

2027 = tinubu MUST GO ❗️🎤🇳🇬

[Tere Felipe @_TereFelipe_]

En mi cuadra, en Cuba, mis vecinos, mi familia, llevan más de 36 horas sin electricidad. Desde diciembre no ha entrado un solo buque de petróleo al país, excepto uno ruso. Lo que Estados Unidos está haciendo con Cuba es un genocidio. ¡Mi país necesita petróleo con urgencia!

[Rita Sunshine @1RitaSunshine]

My mum is dying, please help retweet🙏😩

[Chetuya Chinagolum @Chetuyachinago]

Every Nigerian needs to pay very close attention to this official press release by the Finance Minister of Nigeria, Taiwo Oyedele. This serves as the direct response by the Federal Government to the International Monetary Fund 2026 Article IV Concluding Statement on Nigeria.

The recent IMF statement on Nigeria is overflowing with glowing praises for the Tinubu Administration and their supposedly brilliant economic policies.
The IMF is loudly cheering for the reunification of the foreign exchange market because the gap between the official and black market exchange rates has remained below 5%, which is absolutely fantastic for foreign investors since they love predictability, guaranteed margins, and zero currency friction. They also excitedly applaud the fact that Nigeria's foreign reserves have built back up, supposedly providing a comfortable cushion against global economic shocks. Finally, the IMF highly commended the Tinubu government's decisions to eliminate deficit monetization (which stopped the CBN from printing money to fund government projects) and to permanently remove petrol subsidies.

Now, the Tinubu Administration, speaking through the office of the Finance Minister, is proudly parading this IMF report like a shiny gold medal. They are framing this praise as an "independent validation" that their brutally painful economic policies over the past few years are finally yielding positive macroeconomic results. The glaring problem here is that this is not something Nigeria as a sovereign country should be celebrating, and this is entirely because of who the IMF actually works for and who dictates their underlying policies. The G7 nations and Western superpowers entirely control the IMF board, and the institution itself exists strictly to protect the financial interests of international creditor nations, massive global investment banks, ruthless hedge funds, and wealthy foreign bondholders. The primary job of the IMF is merely to ensure that the global financial system remains perfectly stable and that struggling developing nations never default on their massive, crippling debts to foreign creditors. Therefore, the IMF works exclusively for the lenders (the global financial-industrial complex), absolutely not for the bleeding borrowers like Nigeria, Ghana, Kenya, or any other struggling African nation.

To see how bad this is, just observe this currency unification being praised by the IMF as a massive win for the Tinubu Administration. They are celebrating simply because the exchange rate is now mathematically stable and investors are finally happy. This is spectacularly good for foreign speculators, but it is deeply catastrophic for us because the currency stabilized at a spectacularly weaker level of N1,400 per dollar, compared to N770 in the black market and N450 in the official rate before this administration took over.
So yes, the currency is technically unified, but at a permanently crippled level. Since Nigeria is a heavily import-dependent economy, this unified weakness has made the cost of food, life-saving medicines, basic hospital bills, school fees, transportation, building materials, imported spare parts, and daily survival astronomical, thereby permanently destroying the purchasing power of everyday Nigerians.

Furthermore, the IMF congratulating the Tinubu Administration on increasing the country's foreign reserves might sound like brilliant news, until you suddenly realize that it is this exact, deliberate policy that violently crippled our local industries. Most of the money that makes up these bloated new foreign reserves was forcefully squeezed out of the removal of petrol subsidies, a move that has deeply suffocated our local businesses, artisans, manufacturers, and logistics companies who rely entirely on petrol generators to survive. But this is not even the full tragic story. Even the bloody change they violently squeezed out of the dying Nigerian middle class was not enough to impress these foreign investors. To aggressively entice them, the Tinubu Administration spiked the base interest rate from 18% up to a staggering 27%. This was no mistake. In the US, for example, when you lend money to the government by buying Treasury Bills, federal bonds, municipal securities, or index funds, the interest you expect to make per year is at most 5%. But the Nigerian government is desperately signaling to these foreign speculators and international bondholders to come drop their dollars in Nigeria, effectively guaranteeing them a massive 27% interest by the end of the year. This might look like a huge economic win as foreign capital flows into the country, but this hot money never ends up in the pockets of ordinary Nigerians. It is never used to build schools, pay hospital bills, subsidize agriculture, fix dead refineries, or reduce house rents. The money just sits idly in the central bank to impress the IMF and World Bank creditors, proving to them that Nigeria is highly liquid and perfectly safe to lend to.

The absolute worst part of this trap is that it is not just the CBN increasing the base interest rates. The commercial banks are naturally forced to aggressively increase their lending rates even higher. Today, some predatory commercial banks are charging desperate businesses as much as 35% to 40% interest on loans. This financial terrorism has forced countless local businesses to drastically cut down production, lay off massive numbers of staff, and permanently close their branches in remote areas across Nigeria, forcing them to operate strictly within the suffocating limits of their own personal, depleted capital. It is practically mathematically impossible to borrow from a Nigerian bank, scale up production, create actual wealth, and employ the millions of struggling graduates in our society when you first have to pay 40% to the bank. Add that to the reunified currency making imports insanely expensive, meaning businesses still have to pay extra for imported raw materials, clear goods at exorbitant customs duties, pay multiple state taxes, and buy the hyper-expensive fuel that spiked in price due to the celebrated subsidy removal.

It is very possible to analyze this insulting press release further, but there is absolutely no need to waste the time. Clearly, this administration should not be celebrating warm handshakes, pat-on-the-back press releases, and polite diplomatic smiles from foreign creditors and international bondholders. They should be focusing entirely on the bleeding Nigerians who are brutally forced to carry the crushing, suffocating burden of these massive economic miscalculations just to please a comfortable, wealthy board of directors at the World Bank and the IMF.

[Arnaud Bertrand @RnaudBertrand]

As someone who partially grew up among European elite kids like him, this reminds me just how incredibly hollow some of them are.

For a quick background, I went to one of the poshest high schools in France (Janson de Sailly, for those who know) and, afterwards, to what was at the time - and probably still is - the most expensive undergraduate school in Europe (EHL in Lausanne, Switzerland).

Needless to say, many of my classmates were from unbelievably privileged backgrounds. Just in my classroom in Lausanne I had the son of a (very famous) Russian oligarch, the son of Italy's largest real estate developer and the son of Spain's largest real estate developer (funnily, the latter two were flat mates).

Another classmate of mine came from the richest family in Naples, Italy and - while we were at school - his father (known in Naples under the nickname "Il Sultano") got arrested for having bribed half of Naples's city council - which, if you know Naples, ought to tell you something.

These were the kids I was doing group projects on business ethics with (literally) 😅

Anyhow, my story, and probably my luck, was that - before going to high school in Paris - I was raised in very normal public schools in the South of France where my friends were anything but wealthy. Their parents were farmers and everyday workers.

Which means - and I'd come to realize this was very important in life - that it was easy for me to understand how big a mistake it is to see money as identity and meaning - and to confuse someone's net worth with their actual worth.

What really struck me at the time was the contrast with my "poor" classmates of earlier in my life. They couldn't define themselves by what they had - by definition - and this forced them to reach deeper for their identity: their skills, knowledge, humor, etc.

Rich kids can skip that entire process, and the tragedy is that most of them do: they reach for the readymade identity that money provides. I remember being incredibly frustrated by many of my classmates, like "ok, I get it, your dad is rich and you own a lot of nice things but who are YOU, what else is there?" The answer, more often than not, was nothing.

To be fair, there were exceptions. One of my classmates I was most impressed by came from one of Zurich's wealthiest families (which, if you know Zurich, means insanely wealthy) yet he was almost OCD in not showing he had money: driving the shittiest car imaginable, living in a small studio, etc. He was very intellectual, very contrarian, and clearly at war with the idea that his family's wealth ought to define who he was.

I only discovered who he actually was when I started my first company and he approached me to invest: to discuss the investment I went to one of his family homes, which it turned out was a literal palatial castle on the shores of Geneva lake. The guy had decided to live in a small rundown studio when he literally had a castle sitting empty a 5-min drive away.

THAT I was impressed by: it's easy to see that money isn't meaning when you don't have any. To see it when you have more than almost anyone - when everyone around you is organized around the opposite assumption - is much harder. But to actually live it, to choose the studio when you have the castle keys in your pockets - with no audience to applaud you for that - that shows real depth.

At the end of the day, I think, the real distinction isn't between rich and poor but between people who exist from the inside out and people who exist from the outside in.

Wealth just happens to make it incredibly easy to be the latter, to skip the work of becoming someone and settle for a borrowed identity that glitters from the outside but is hollow all the way through. A Potemkin village identity.

This is actually a real societal issue, and magnified by social media (with idiotic posts like this one 👇): the more "outside in" folks out there, the less people with genuine internal anchors, the more fragile everything becomes.

When you think about it, everything that genuinely matters in a society is built by people who think for themselves: they take the world in, pass it through something genuinely their own, and give back something that didn't exist before: an idea, a conviction, a stand.

Every reform, every invention, every act of moral courage in history came from someone with an internal anchor strong enough to resist the current. Remove those people and all you have left is the current.

This isn't new, by the way. Most ancient traditions warn against exactly this, from the Bible (the golden calf story) to Confucius, who built his entire ethics around the distinction between the exemplary person (the Junzi, 君子) - oriented around internal cultivation and righteousness - and the petty person (Xiaoren, 小人), oriented around profit and gain. The junzi builds himself from the inside, the xiaoren chases what's outside.

So please, do not make the mistake of being impressed by wealthy people flaunting their wealth. Don't focus on the glitter, focus on the hollowness it's trying to hide.

[Omo Kogi (Yagba) 🌍 @harrysone9]

Nigerians are always quick to move on, but if this pops up on your timeline, repost it; it costs you zero naira.

It’s been three weeks now.

[Kashyap Sriram @kashyap286]

@CollinsofYork Yes, there is a lot more to this complex topic for sure. A single "Yes" by Elon spread a narrative that I wanted to rebut. The entire issue is worth a PhD level study.

[Sir Collins, MAAT. @CollinsofYork]

@kashyap286 No need -
they are hundreds, if not thousands of PhD thesis written by Africans and even some truthful ones in the West, about the neo-colonial structures and how it works to keep Africa weak and poor.

As for Elon, the man has an agenda, it is taking shape daily

[Kashyap Sriram @kashyap286]

Firstly, Ethiopia is under US sanctions while Vietnam is not. And speaking of former French colonies, Haiti was the first to get independence (1804) and is still one of the poorest countries in the world because of the debt they had to take on to gain independence (it took them until 1947 to fully repay it!). Whereas, New Caledonia is still a French colony and is neither rich nor poor.

"If colonialism were the answer to why Africa is poor..."

This line completely ignores the European powers' (and US) post-colonial control over Africa. Patrice Lumumba, the first democratically elected leader of the DRC, was tortured and killed by Belgium and the US for being a nationalist. His body was dissolved in acid so he wouldn't become a martyr. His legacy is largely unknown even within the continent. Several other such "lessons" were meted out. Google Thomas Sankara (Burkina Faso) and Sylvanus Olympio (Togo).

Once you set the example, you gain obedience. The VietCong, on the other hand, didn't surrender even though 3 million Vietnamese died during the war, and several thousand more continue to die to this day (!) from Agent Orange exposure.

As for former French colonies in Africa, France still controls their currency and holds their central bank reserves in France. As Rothschild purportedly said, "permit me to issue and control the money of a nation, and I care not who makes its laws."

Third, the borders in Africa were drawn in such a way that conflict was inevitable. At the Berlin Conference in 1884-85, the European powers simply carved up the continent by drawing straight line borders. African leaders were conspicuous only by their absence at this historic event which shaped the next century. This is why Cameroon, a French-speaking country, has a minority English-speaking territory, ensuring it remains destabilized. Likewise for West Asia/the Middle East, where the Sykes-Picot legacy lives on.

@magattew conflates formal colonial rule with colonial control. Vietnam managed to fully kick out both France and the US, reunified the North and the South, and kept its sovereignty. All African leaders who attempted the same have been systematically eliminated (see Muammar Gaddafi, Libya's divisive leader, for a recent example), ensuring Africa forever bears the open wounds of its colonial legacy.

But Ms. Wade is right on one thing: Vietnam owes its prosperity to overcoming colonial rule. Maybe Africa can become prosperous if Africans do the same.

[Teddy Blank @teddypowday]

Your CEO should be strong.

Your CTO should be wise.

Your COO should be wicked, cunning, of mysterious origins, fluent in the dark arts, blurry in pictures,

[Kemi @iksly2]

This is how to make your first $1,000 to $10,000 from the 2026 World Cup using Claude AI.

The tournament starts June 11

Here is the exact strategy 👇

[Rabiu Musa Kwankwaso @KwankwasoRM]

Congratulations PSG, and Nigeria will be OK! - RMK

[EdysoftJr @JrEdysoft48901]

@adeniyisuccess_ Okay, I'll check either way

[EdysoftJr @JrEdysoft48901]

@Smailabb26 @MrAbbeetim No one's wondering 😏

[Pastor Who @PastorMarvy]

90% of the iPhone is manufactured and assembled in China. Nobody looks at an iPhone assembled in China and says “China built Apple.”

95% of Tesla cars especially Model X and Model Y are sourced and manufactured in China. Nobody looks at a Tesla and says “China built Tesla”

90% of Nvidia AI chips are fabricated in Taiwan by the TSMC. Nobody says Taiwan built Nvidia.

But when an African/Africans do the exact same thing, suddenly that understanding disappears.
Then it becomes:

“China built it for Africa.”
“Americans built it for Africa.”

Aliko Dangote and Nigeria built the largest single train refinery in the world. He is Nigerian and an African.

Thank you!

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