Professor Wasiu Babalola, FIH, FCCrFA, ACIArb

University Professor /
Immediate Past Regional Chair, Institute of Hospitality UK-Nigeria Region /
Franchise Assessor & Evaluator

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

Professor Wasiu Babalola Appointed to the Editorial Board of International Journal of Hospitality & Tourism Management https://t.co/fhm44Y6jBm

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

join me at this event to discuss further 9n the successes of Africa in tourism and digital diplomacy:
Digital Diplomacy and Tourism in Africa: Unlocking Opportunities for Growth and Collaboration https://t.co/bkVFNRip64

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@KaloAfrica @AU_ETTIM @ATB_hqs @aonanuga1956 @_AfricanUnion @UNWTO It's an honour to be here bosses

[KALO AFRICA NEWS @KaloAfrica]

NTIFE 2024 DAY 2:

Prof. Wasiu Babalola giving hints on opportunities available for Tourism Funding to the participants at the ongoing Capacity Building organized by FTAN at in Abuja,

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@okikiayo11 Go learn AI application to Law and Business

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

I hope this piece speaks to support the expanded Ministry of Arts, Culture, Tourism & Creative Economy into greatness, and the industry of our dreams.

https://t.co/U4RtFhWAiO

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@atibauniversity When you have your lecturer as one of your best fan, always rooting for you for greatness; - a teacher, lecturer, fan and mentor such as @employlawone, you can go the bed a fulfilled mentee. Thank you, Prof Ojedokun, for all you do for not only ME but US

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

Honoured to chair the University Senate today as Acting Vice Chancellor of @atibauniversity Oyo. Grateful for the confidence placed in our system by our substantive Vice Chancellor, Prof. S. O. Okeniyi and a special thanks to Prof Olorunsogo for his mentorship.

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@okikiayo11 @employlawone Congratulations Mr Law. Now show the world what it meant to be Mr Law. Pro7d of you @okikiayo11

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@employlawone Thank you sir for all you do for generations. Proud of the duo!

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

Congratulations to me, Congratulations to us, and congratulations to the industry!!!

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@tweetpencils 99

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@meelonmuskusa 68

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

Exactly the position of the Quran as regards the roles of a child to his/her mother

[Reno Omokri @renoomokri]

Your best friend is not Wale, Kodjo, Siyabonga, or Uhuru. Your best friend is your mother. Your next of kin is not anybody else. It is your mother. Who can be more kin to you than the person you came out of? And your worst enemy is anyone who tries to separate you from your mother. Switch to her even if they tell you your mother is a witch. If they say she is a devil, stay level with her. If she is accused of being a demon, still love her like your lemon. You may bleed to death if you allow non-blood to blind you to your blood. Caring for a mother who once cared for you is a privilege that will give you leverage!

#RenosNuggets

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@JShekwonudutsu @renoomokri No be elder ask for response .... give me 50 quotes and the aburo respectfully told his ego he has over 50. O ti lo!

[Reno Omokri @renoomokri]

Response To My Beloved Senior, Dele Momodu: Nigeria's Economy Is Not Collapsing. Far From It! 

Dear Egbon Dele Momodu,

I read your open letter to President Bola Tinubu, in which you said, "Our economy has virtually collapsed", among other things. Respectfully, the facts do not support your assertions, and in your open letter, you did not provide any facts. Only opinions. So, please let me present some facts that contradict your opinions. 

Firstly, only yesterday, the International Monetary Fund projected that due to the reforms being undertaken by the current administration, Nigeria will have a 3.1% GDP growth rate in 2024. This is one of the best projections for an African country in 2024, and does not signal an economy that has 'virtually collapsed.'

Secondly, Nigeria had a record high of ₦6.52 trillion trade surplus in the first quarter of 2024. This has never happened before. We routinely had trade deficits in the past. This means that because of the monetary reforms by the current government, Nigeria is now exporting significantly more than it is importing, and the growth is largely in the non-oil sector.

For example, Nigeria is now a net exporter of clement to Europe and a growing exporter of refined petroleum products to Europe and West African states. Ghana, a fellow petroleum exporting country, is largely dependent on LPG from Nigeria. This projects growth, not collapse.

Thirdly, in terms of revenue, all Nigerian states, bar none, have received significantly higher federal allocations since May 29, 2023, than they were receiving under the Buhari regime. Each state now gets at least 45% more federal allocation, with Nasarawa getting almost 100% more and Anambra getting 70% more, whereas their wage bill has not increased.

The above projects economic strength rather than collapse.

Fourthly, according to Financial Derivatives (FDC), with a Return on Investment of 22.90%, Nigeria's Stock Exchange is now the most profitable capital market on Earth, bar none. Please note that. Bar none. The National Bureau of Statistics has also corroborated this. For the first time in our history, the all-share index (ASI) of the Nigerian Stock Exchange crossed the 100,000 mark in 2024.

I would not categorise such growth as collapse, and I am sure investors who smiled to the bank would not either.

Fifthly, capital inflow into Nigeria increased by 66.27% this year. This is probably why Fitch and S&P Global Ratings upgraded Nigeria's economy to a Stable B, and why foreign inflows into the capital market jumped fivefold in the first quarter of 2024 to N93.37 billion from N18.12 billion in the same period last year.

Sixthly, despite clearing the backlog of foreign exchange debts owed to foreign airlines and other foreign investors by the Central Bank of Nigeria, Nigeria's foreign reserve hit a year-to-date high of an estimated $34 billion this year. How can a nation with such a healthy reserve be said to be on the verge of economic collapse?

Finally, the Student Loan promised is now a reality and is being disbursed. That means Nigeria is about to witness a dramatic increase in its human resources, as more youths will have access to education.

Therefore, bearing the above in mind, is it not possible, egbon Dele, that you may have focused too much on assumption and too little on facts to come to your conclusion that Nigeria's economy is collapsing?

Reno Omokri

Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022.

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

@renoomokri This is the way to go! While growing up at Lagos, we had this at the backyards.

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

Just joined the 100 subscribers on YouTube club. VIRTUAL HIGH-FIVE! https://t.co/qcobtDZ6Nu

[Reno Omokri @renoomokri]

On my fiftieth birthday, President Bola Tinubu acknowledged me, previously one of his most vocal critics, and wished me a happy birthday. Asiwaju won my respect and admiration for his ability to forgive and the equanimity with which he takes life. He has demonstrated that he is a true leader of men who can rise above his feelings and be led by his principles.

Therefore, on his 72nd birthday, I wish the President a happy birthday and pray for his success as the leader of our great nation. In less than a year in office, President Tinubu has far outperformed the eight wasteful years of General Buhari.

Our currency is floated, and fuel subsidy is gone. These courageous decisions are now yielding results in our balance of trade. Fuel imports are down 53%. Local refining is up 8% and rising fast. Our GDP has grown by 3.4% under him, and we now have a trade surplus. The benefits of these reforms are also gradually trickling down to the masses in the form of reduced prices for everyday items, like cement, indomie noodles, rice and sundry other staples used by the common person.

I will not be emotional, sentimental, partial, primordial, or parochial. Despite the fact that our political leanings are different, I will be factual. Bola Tinubu is doing well. And if he continues on this path, he (not the APC) will continue to enjoy my support.

May God bless the President with good health and a sound mind filled with wisdom to steer our ship of state right. Asiwaju, God has blessed you, and no man can curse you.

Happy birthday once again, sir.

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

when I won't even buy lemons at the supermarket if it's not the smooth yellow ones.
For Nigeria and Our Economy.
Yes, we can.
God Rules!

#copied

[Professor Wasiu Babalola, FIH, FCCrFA, ACIArb @Kikeyemo]

in the Nigerian economy
You owe it to the employment statistics, you owe it to the stability of your economy.
This is not a paid advert and I do not have any form of stake in the company other than the fact that I'm Nigerian and I'm tired of complaining about my currency