Michael Keania

Environmental lawyer, thinker and father.

[Michael Keania @KeaniaMichael]

@abubakarzira3 @NigeriaStories The Constitution of Nigeria provides the template for the allocation of all funds paid into the account to the three tiers of government. The president swore an oath to OBEY the Constitution
He doesn't need to consult you

[Michael Keania @KeaniaMichael]

@Kelachukwu71792 @atiku Nigeria's budget deficit this year is about 34 trillion without subsidy payments. This are trillions we have to borrow this year. Please tell us how much your targeted subsidy will cost and where you'll source the funds for it from

[Michael Keania @KeaniaMichael]

@NajibHaruna_ @tijanjaOfficial @SoprialaMembere @imerm_jr Not all states want subsidy. Most want to deploy their enhanced revenues towards real development as exemplified in Lagos, Enugu, Anambra, Abia and Akwa Ibom. You can reinvest your own enhanced revenues in providing cheap fuel for people in your state. Enjoy

[Michael Keania @KeaniaMichael]

@NajibHaruna_ @tijanjaOfficial @SoprialaMembere @imerm_jr But they are the biggest beneficiaries. They collect both state and LGA allocations. According to minister of finance: of the 15.8 trillion subsidy savings states and LGAs pocketed over 10 trillion. They should showworkings abeg

[Michael Keania @KeaniaMichael]

@gudlukinboss @Big_marvis Harvard University has a yearly budget of approximately 7 billion usd for its student and faculty population of 24,000. Nigeria's 2026 budget is approximately 49.5 billion usd fir 230 million people. What better describes a poor country

[Michael Keania @KeaniaMichael]

@ennyola0015 Please see S. 40 of the 1999 constitution, the case of INEC vs Musa and take note of the fact as pointed out here that he's a political appointee whose tenure isn't guaranteed like that of the CBN gov

[Michael Keania @KeaniaMichael]

@Waziriadio @THISDAYLIVE Excellent, well researched and balanced take on the resurgent issue of petroleum product subsidy. I totally enjoyed reading this article.

[Michael Keania @KeaniaMichael]

@ishakaa @hive_ai @realYusufTukur @officialABAT @SamuelOmogor @ThatIsokoLawyer @DMONigeria Go and sleep, you'll feel better tomorrow. I'm not sure how you climbed down from your Olympian height of 22.7 trillion that you swore was the ways and means advances to this 7.5 trillion. Good night I better things to apply myself towards.

[Michael Keania @KeaniaMichael]

@muda_mushab @allibaloo So instead of focusing on efficient deployment of the enhanced revenue which is still a measely sum compared to our population & needs, you want to go bek to a subsidy regime that nearly bankrupted this country. Always the easy way out

[Michael Keania @KeaniaMichael]

@najeebismail1 Give this angle to Peter Obi, since Atiku has already cornered the fuel subsidy issue.

[Michael Keania @KeaniaMichael]

@hive_ai @ishakaa @realYusufTukur @officialABAT @SamuelOmogor @ThatIsokoLawyer @DMONigeria Ishakaa see your yeye life for outside. Olodo liar.

[Michael Keania @KeaniaMichael]

@ishakaa @realYusufTukur @officialABAT @SamuelOmogor @ThatIsokoLawyer @DMONigeria The National Assembly in 2024 conducted further review of the advances taken by the government & discovered that there were ways and means advances that weren't disclosed. Why do insist on info that had been overtaken by better evidence. This is a xter flaw

[Michael Keania @KeaniaMichael]

@AhmedIbrah99223 @fimiletoks Geopolitical tensions and currency volatility, gold has become the most effective store of value. Countries are rapidly increasing their gold reserves & retrieving their gold from reserves from offshore countries. Gold is an essential necessity currently

[Michael Keania @KeaniaMichael]

@OvwighoC @Alaibi_1 It's a win for Nigeria in my books considering the difficult position that the initial contract by Buhari regime out the country

[Michael Keania @KeaniaMichael]

@ishakaa @realYusufTukur @officialABAT @SamuelOmogor @ThatIsokoLawyer @DMONigeria You mean the funds that would have been borrowed at cut throat interest rates or the discounted crude that was supplied under gazelle 1 & 2 to creditors? States, LGAs & d FB are receiving enhanced allocations. We should focus on ensuring it'sefficientlyd spent

[Michael Keania @KeaniaMichael]

States should offer targeted subsidies taking into consideration local realities & practical revenue forecast

[Michael Keania @KeaniaMichael]

@Realoilsheikh How do you replicate the Russian template in a country as big as Nig, with a yearly budget of less than 50 billion usd. A country that owns less than 20% of the measely 1 5 million barrels daily production. ?

[Michael Keania @KeaniaMichael]

@Realoilsheikh How do you replicate the Russian template in a country as big as Nig, with a yearly budget of less than 50 billion usd. A country that owns less than 20% of the measely 1 5 million barrels daily production. ?

[Michael Keania @KeaniaMichael]

@ishakaa @realYusufTukur @officialABAT @SamuelOmogor @ThatIsokoLawyer If you were handed a country that was essentially bankrupt, that had printed 30 trillion to pretend that all was good will you continue with the actions that led to its becoming bankrupt or will take steps no matter how painful to save it from the Precipice.

[Michael Keania @KeaniaMichael]

@OvwighoC @Alaibi_1 This was actually a refinancing deal on the existing Gazelle 2 contract and it does two things. Reduces the 90k BPD commitment to about 78k barrels allowing Nigeria access to over 11,200 BPD while also providing fresh 3 billion usd to Nig.