My wife had been dead for five years, but every month, I still sent $500 to her mother. I thought I was supporting an old widow in a coastal town. Then the bank told me the account had a problem....
President Bola Ahmed Tinubu just provided further details on his heavily hyped Renewed Hope Agenda, and the sheer mathematics of this project is deeply disturbing, especially since this mega scheme is aggressively marketed as a lifeline to better the lives of ordinary Nigerians.
In the quoted tweet below, President Tinubu claimed that exactly ₦128 billion in mortgages has been generously delivered to 1,859 families at a fixed interest rate of 9.75% spread over 20 long years through the Ministry of Finance Incorporated.
On the surface, this looks like the ultimate utopian dream project, primarily because a 9.75% mortgage rate is ridiculously low, especially when you compare it to the predatory standard market rates which presently sit anywhere between 20%, 25%, 30%, or even higher depending on the bank.
However, even with this seemingly charitable low interest rate, a simple, cold mathematical breakdown instantly exposes that these supposed affordable homes are entirely out of reach for the average, hardworking Nigerian in whose very name this multibillion Naira PR project is being violently advertised.
To see this blatant scam, simply divide ₦128 billion among 1,859 families, and you will rapidly discover that the average mortgage size is a staggering, eye-watering ₦68.8 million per home. Now, under the exact terms quoted by Tinubu, which is 9.75% interest over 20 years with a mandatory 10% equity contribution of roughly ₦6.8 million, a single family would have to reliably cough up roughly ₦600,000 to ₦650,000 every single month just to service this impossible mortgage.
This mathematical reality clearly demonstrates that the policy architects behind this Renewed Hope Agenda have completely, and spectacularly lost their minds, their touch with reality, and their basic common sense.
First of all, the brand new minimum wage recently signed into law in Nigeria is an alleged, highly disputed ₦70,000, which is an insulting amount that many state governors claim they cannot even afford to pay, sustain, or budget for. Even with this symbolic, poverty-level wage, the average Nigerian that these houses are supposedly built for would genuinely need to starve, save every single kobo, and work for one full uninterrupted year just to afford a single one-month mortgage repayment. Currently, absolutely no middle-class citizen in Nigeria with an honest, verifiable, and legitimate source of living can ever afford to burn this massive amount every month for a house, no matter how stupid, lavish, or financially reckless they want to be.
Now this begs the incredibly obvious, screaming question: why on earth is the Tinubu administration deliberately wasting ₦128 billion (a massive $90 million) to provide subsidized affordable housing to a tiny fraction of 1,859 families who are obviously loaded with cash, highly connected, financially immune, and can easily afford luxury apartments, fund their own private estates, secure massive commercial bank loans, or buy premium properties outright?
This ridiculous allocation of scarce public funds makes zero strategic sense because the exact amount quoted for this vanity project is comfortably enough to buy about 4 highly advanced MQ-9 Reaper drones, fully equip them, heavily arm them, and ship them straight to the bleeding frontlines of Northern Nigeria.
These military-grade drones can stay airborne for 30 continuous hours, monitor the entire terror-infested forests in Borno in less than one hour, track moving targets, and violently update the Nigerian military in real time for any mass gatherings of armed bandits, hostage holding areas, illegal gold mining operations, or cross-border insurgent movements.
The colossal amount of money involved in this project is not merely the ₦128 billion senselessly wasted so far. Obviously, before this entire grand, systemic money laundering scheme is fully completed, more than ₦320 billion will have magically vanished, migrated, and evaporated from the Nigerian Treasury directly into the bloated private offshore accounts of ghost contractors, corrupt civil servants, APC campaign financiers, loyal party chieftains, and the ruling party's untouchable inner circle.
This is complete madness. Our brave men in uniform are constantly being taken by surprise, ambushed, and rounded up by ragtag terrorists simply because their vulnerable forward operating bases do not come equipped with basic acoustic sensors, infrared thermal cameras, night vision goggle, or basic aerial reconnaissance drones to serve as early warning mechanisms. Yet the Commander in Chief is cheerfully burning hundreds of billions of Naira under the guise of public welfare, deliberately laundering public treasury funds into the deep back pockets of shady construction companies, and happily providing heavily subsidized affordable housing to his ultra-rich, highly privileged, and politically connected friends.
Update: Boko Haram is set to conduct an Islamic Graduation ceremony for over 100 forgotten women and kids who were kidnapped in Woro, Kwara State 4-months ago, where the Emir & Imam rejected Sharia. And, the cost of the ceremony will be added to the bill sent to the Government.
After forcibly converting them to Islam, the terrorists taunted families that they spent the past months teaching all the surviving victims Quran recitation and Islam teachings, and many of the captives have done well, so they’d be rewarded with graduation ceremonies soon.
But whatever they spend will be added to the ransom demand they will be sending to the Government.
— Confused family members shared with SaharaReporters.
Back in February this year, Woro community in Kaiama LGA, Kwara North was attacked by a Sadiku-led Boko Haram faction, a Sahel Terror network slowly creeping down southern Nigeria, per Zagazola Makama.
They were angry after the Emir and Imam repeatedly rejected their imposition of Shariah in the community and then reported them to the Nigerian Army.
So they stormed the village on an evening and massacred over 200 people, in a two days operation; Incl. the Emir’s wives and kids, the community Chief Imam, a school principal, a headmistress and several students, and kidnapped 176 people including pregnant women and kids.
This is just one of many forgotten kidnap cases in the country.
Last April, Boko Haram demanded ₦3.7bn for 400 forgotten women and children they kidnapped in Ngoshe, Borno State months earlier, or they’d be executed. They then dared the Nigerian Army to come after them, Telegraph reported.
Seeing the “glitches” with INEC IREV, concerned Nigerians built Citizen Monitors
It’s a a real-time result surveillance platform displaying results from all polling units to collation center. Just snap and upload results from your polling unit and it auto aggregates and reflects nationwide. It’s like your own digital situation room. Sign Up Now at https://t.co/1jqs7eUmth || @CitizenMonitors
It was a profound honour to join fellow party members at the special affirmation ceremony of His Excellency, Peter Obi, as the Presidential Candidate of the Nigerian Democratic Congress (NDC) for the 2027 general elections.
I am particularly humbled and deeply honoured by my ratification as the party’s Vice Presidential Candidate.
I extend my sincere gratitude to the National Leader of the NDC, Senator Seriake Dickson, and all other leaders for this bold and visionary decision. It clearly reflects the NDC’s unwavering commitment to national unity, democratic consolidation, and purposeful leadership as we prepare for the 2027 elections. - RMK
Everybody should log in to the INEC portal to confirm their registration. Use this link and keep sharing it to sensitize people.
https://t.co/baAIDI9iPE
Please, it will cost you nothing to retweet.
Nayib Bukele just built the Greatest Hospital in South America called Hospital Rosales. It will Treat Citizens FREE. Total Cost Building + Furnishing $61m (N83billion)
Tinubu used N15 trillion to Build Coastal Road.
N15 trillion divided by N83 billion =
181 Hospitals 😢🙆🏽♂️💔
Reported demands made by the terrorists who kidnapped children and teachers in Oyo state:
1. ₦1 billion to be paid into an account in the Benin Republic.
2. Release of terrorists currently held in Agodi and Abolongo Prisons.
3. Two Hilux vehicles.
4. Amendment of Oyo State laws to enforce and introduce sharia law.
For those of you who continue to make excuses for terrorists, who refer to terrorists as your brothers and who applaud this lunatic government when they release these barbaric murderers back into society, please be aware that you will eventually be ruined by this same satanic ideology you endorse.
Far more Nigerians have begged for money to feed, and far more Nigerians have died due to insecurity under the APC government, than the PDP government.
Buhari and Tinubu are more of a curse to Nigerians, than a blessing.
Unless you want to deceive yourself.
End.
This should be spread across the country
People must understand that not voting is supporting the government in power.
This young man explained it better.