Simple
Take savings at 4%, buy Treasury bills, and earn 17% risk-free
Or borrow Yen at 1%, buy Nigerian Eurobonds that yield 7%
That's why FDI has blown up: banks are the main destination of FX FDI, and profits are up, but FDI is still very low
This is the second time I have spoken to @PeterObi on the phone this year.
I am more than excited and I am humbled by this Man's humility.
2027 is a pivotal year in our Polity.
We must do all it takes to work in this campaign in whatever capacity
@ziter001 you've done well
We run a retail economy that's largely unregulated. That's why for example, you can be in traffic and someone will knock on your window selling gala. That doesn't happen elsewhere.
Moniepoint actually optimizes retail by providing point of sale enablements to those who would have otherwise been handicapped by traditional financial institutions not providing what they should, such as prompt and seamless transactions, and readily available cash.
So the point is, in a working system with all loopholes plugged in, Moniepoint's system won't survive. I left out even more pressing areas like regulatory issues, etc.
I have been thinking about something lately, and the more I think about it, the more disturbing it becomes.
A lot of Nigerians became poor without doing anything wrong.
They didn’t stop working. They didn’t become lazy. They didn’t suddenly become irresponsible.
They simply woke up one day and realised that the money they had worked for could no longer buy the things it used to buy.
Think about someone earning ₦100,000 a month.
The person still wakes up early every morning, goes to work, puts in the same hours, probably works even harder, gets promoted occasionally and does everything society says a responsible person should do.
Yet every year, that person seems to be able to afford less.
At some point, ₦50,000 could buy a reasonable amount of food for the house. Today, you can enter the market with the same ₦50,000 and genuinely wonder where the money went.
Nothing happened to you.
The economy happened to you.
And I think this is something we don’t talk about enough.
Imagine working hard for years, only for circumstances completely outside your control to quietly reduce the value of everything you have worked for.
You didn’t lose your job.
You didn’t lose your salary.
But somehow, you lost your standard of living.
That is poverty too.
And this is why I struggle with the way we sometimes discuss palliatives.
Of course, when people are hungry, you must find ways to help them immediately. There is nothing wrong with providing temporary relief.
But surely, the bigger question should be:
Why did millions of working Nigerians suddenly need palliatives in the first place?
If a man could comfortably buy a bag of rice from his salary a few years ago and today he needs government assistance to buy that same bag of rice, giving him rice may solve today’s hunger.
But it has not solved the actual problem.
The real problem is that his labour has lost value.
And perhaps that is what we should be obsessed with fixing.
How do we make the Nigerian worker’s income valuable again?
How do we make ₦100,000 buy more next year, rather than less?
How do we make food cheaper by producing more?
How do we reduce the cost of energy and transportation?
How do we build an economy where salaries can actually keep up with the cost of living?
Because when I think deeply about it, perhaps one of the greatest things a government can do for its people is not to keep giving them money.
It is to build an economy where the money they earn has value.
There is dignity in being able to take care of yourself from the product of your own labour.
There is dignity in a teacher being able to feed a family from teaching.
There is dignity in a nurse being able to pay rent from nursing.
There is dignity in a young person working an honest job and gradually seeing life improve.
People should be able to look back after five years of hard work and say, “My life has become better.”
Not, “I earn more money today, but somehow I can afford less.”
That is the part that keeps bothering me.
Millions of Nigerians are not asking to become millionaires overnight.
They just want hard work to make sense again.
And maybe that should be one of the simplest ways we measure whether our economy is actually working:
Is the ordinary Nigerian who works hard becoming progressively better off, or progressively poorer?
Everything else is secondary.
Here is a man who had the best Higher School Certificate result in the old Northern Region in 1962 and who rose through the ranks of the Catholic Church to become a Cardinal, a position that places him among those eligible to be considered for the papacy. Yet he is no ordinary cleric. He is one of Africa’s most respected churchmen, known for decades of service to peace, dialogue, scholarship, and national unity. Resorting to personal attacks against him weakens public discourse and reveals an unhealthy intolerance of criticism in today’s Nigerian political space.
Throughout history, religious leaders have challenged political authorities. Biblical prophets confronted kings, and modern faith communities continue to hold governments accountable. Nigeria has a similar tradition. The Catholic Church criticised military governments and successive civilian administrations, including those of Obasanjo, Yar’Adua, Jonathan, and Buhari. Muslim organisations have done likewise. Governments respectfully disagreed at times, but they generally recognised the right and responsibility of religious bodies to speak. Why, then, does the truth provoke such anger today?
The problem often begins when leaders surround themselves with voices that tell them only what they want to hear. Napoleon Bonaparte was reputed to have preferred hearing bad news because problems were where leadership was required. During my tenure as Governor of Anambra State, I maintained a similar philosophy. I expected cabinet members to bring me problems, not compliments, because only honest feedback could lead to solutions.
Good governance depends on truth. When governments punish truth-tellers and reward sycophants with appointments, honest advisers withdraw, sycophancy thrives, and leaders become disconnected from reality. This is our situation today.
The CBCN did not insult the President and can never do so, given the calibre of the people who make up the Conference, some of the finest among Nigerians. It gave voice to the suffering of Nigerians. The proper response was to thoughtfully address the issues raised, not attack those who raised them. When respected figures like Cardinal Onaiyekan are vilified for speaking the truth, the message sent to citizens is that silence is safer than honesty. No democracy can flourish under such a culture.
Religious leaders should continue to speak because silence in the face of suffering would betray their moral responsibility. The greatest service those around President Tinubu can render him is an honest appraisal of the situation. A leader who hears only praise will never fully understand the pain of his people or find the clarity needed to correct what is wrong.
A New Nigeria is POssible. -PO
When a Government Declares War on the Truth
President Donald Trump of America recently described Nigeria as “a now disgraced country.” The painful reality is that Nigeria’s challenges continue to deepen. Each passing day reveals deeper signs of decline, especially when a government becomes increasingly intolerant of truth and hostile to those who speak about the suffering of the people.
The Catholic Church has never functioned as an opposition party in Nigeria. Across military regimes and successive democratic administrations, the Catholic Bishops’ Conference of Nigeria (CBCN) has maintained a principled voice on national issues and the nation’s conscience, commending governments when they deserved commendation and speaking the truth whenever national conscience demanded it. Its interventions are driven by a moral obligation, rooted in Christian social teaching, to defend truth, justice, and the common good.
The same applies to Nigeria’s major religious organisations. Bodies such as Jama’atu Nasril Islam (JNI), the Supreme Council for Shari’ah in Nigeria (SCSN), the Christian Association of Nigeria (CAN), and the Nigerian Supreme Council for Islamic Affairs (NSCIA) have repeatedly raised concerns over economic hardship, inflation, and insecurity. Living among the people, religious leaders often encounter the suffering of citizens firsthand. They speak because they witness families struggling with rising food prices, unemployment, and the fear created by kidnappings and insecurity.
As leaders, we should be gracious enough to listen to people and organisations that speak the truth to us and genuinely criticise us when things are not going in the right direction. As Governor, I had the opportunity of working with a very strong Council of Traditional Rulers, led by the Obi of Onitsha, and religious bodies that consistently criticised me and offered suggestions. This contributed greatly to our success in Anambra State, especially in critical areas like education and health.
Against this background, the attacks on the CBCN, and especially on His Eminence, John Cardinal Onaiyekan, are deeply troubling. Even in 1998, when Pope John Paul II visited Nigeria and told General Abacha some hard truths, including about the incarceration of Chief Moshood Abiola, nobody vilified him.
During the inauguration of Pope Leo XIV in Rome, to demonstrate his purported commitment to and respect for the Catholic Church, President Bola Tinubu arrived in Rome days before the event, ahead of most other visiting dignitaries, including Catholics such as the U.S. Vice President, JD Vance. He participated in the liturgy, queued with other world leaders to greet the Holy Father, and displayed deep respect for the moral authority of the Church. Back in Nigeria, however, that posture has now changed completely.
What is playing out today also reveals how political leaders sometimes exploit religion and ethnicity to divide the people. Even when it was obvious that the CBCN was speaking on issues affecting Nigerians across religious and ethnic boundaries, aides to the President immediately reduced it to a “religious affair.” The question is: are insecurity, poverty, inflation, unemployment, and hardship problems exclusive to a particular faith? Do these challenges recognise religious or tribal boundaries?
The bishops merely expressed what millions of Nigerians experience daily: insecurity has worsened, poverty is deepening, inflation is crippling families, businesses are struggling, and hope is fading. These are realities echoed by religious leaders across the country, to whom successive governments gave thanks and promised to look into their observations.
Rather than address these concerns or explain the measures in place to ameliorate them, President Bola Ahmed Tinubu’s aides and supporters responded with vicious attacks, particularly against Cardinal John Onaiyekan, with little regard for his age, stature, and accomplishments.
Tweet would have a thousand quotes if it said France, the UK or the US btw.
TwitterNG geopolitical experts despise foreign influence till it’s China or Russia🙂↔️
This week, I have observed with deep concern two notable media appearances: one by my brother, Mr. Peter Obi, and the other by the family of Malam Nasir El-Rufai.
In his interview with Mr. Chude Jideonwo, Mr. Obi voiced serious worries about his personal safety and the adverse impact his role as an opposition leader has had on his businesses. Even more troubling was the Federal Government’s response, which resorted to personal insults and derogatory language instead of the restraint and maturity expected of a democratic administration.
Let me state clearly: like every Nigerian, our presidential candidate and all of us deserve the full protection of the state, not ridicule for raising legitimate concerns.
Democratic leadership requires fairness, justice, and restraint.
A government entrusted with protecting citizens should not dismiss or mock credible calls for help from any individual, including Mr. Peter Obi.
On the other hand, it was distressing to watch the wives of Malam Nasir El-Rufai publicly express the family’s anguish over his prolonged detention.
Regardless of political affiliation, Malam El-Rufai, like every Nigerian, is entitled to due process and the presumption of innocence until proven guilty by a competent court. The continued delay in granting him bail through what many perceive as stringent and unreasonable conditions is deeply concerning. As an unconvicted citizen, he deserves a fair and expeditious trial, while his health and that of his family are adequately safeguarded.
I therefore join well-meaning Nigerians in urging the Federal Government to handle these matters with transparency, accountability, and justice. These issues must not be weaponised to settle political scores.
For our democracy to truly thrive, every citizen; young or old, regardless of ethnicity, religion, or political persuasion must receive equal and equitable treatment under the law from the government that exists to protect us all. - RMK
Peller, Chiefpriest, Lege, Carterefe, BlessingCEO, VDM, Tonto Dike, Nkechi Blessing, Gehgeh, Obidi etc. For a nation of "very smart" people....these are the humans that flood our social media spaces. 😁
This is the olodo uprising we're talking about.
This girl had a niche. Always sounded so polished and put together in her interviews; until she decided to link up with peller because peller was racking up views
Now listen to the way she sounds like a motor park agbero. She couldn't influence peller. She couldn't polish peller. Rather, peller has her speaking and acting like him.
But through all this, she asked an important question: "your president nko? Did he go to school?"
I hope you all can now see why many of us fought tooth and nail to stop Tinubu from becoming president; but many others (and sadly highly educated people) supported him and helped him rig his way to the presidency.
Now, he has become a poster boy; one that boldly passes the message that not only do you not need education to achieve the highest office in the land, but you also do not have to worry about leading a life free of crime.
What Ycee refers to as Peller culture is actually Tinubu and APC culture
The attack on the education nerve Centre in Nigeria was heralded and is sustained by the APC because an educated populace is one that asks questions and demands accountability. An educated populace is one with the potential to revolt.
Therefore, they do their best to make sure people like peller and his like get platforms to keep showing impressionable naija youth that not only do they not need education, but also that they can make money by putting their foolishness on display; and by so doing, reduce the possibility of the government being held accountable by them.
The steep decline, rot, and decay in our educational system started the moment APC got into power.
Olodo uprising = APC uprising
‘The true measure of a country’s economic performance is not what is written in reports or statistics, but how it affects the lives of ordinary people’ - Peter Obi, 2026.
Owning Up to Leadership Failures and Political Responsibility
This morning, I listened to the British Prime Minister’s speech announcing his planned resignation in July. As a keen observer of global politics, my primary interest lies in examining what successful nations do right and the structural factors that cause others to lag or struggle with governance and development.
The Prime Minister’s planned resignation comes amid mounting public frustration over a stagnant economy, a worsening cost-of-living crisis, and a perceived failure to honour key campaign pledges.
Looking inward in our dear country, we can recall our own situation. Before 2015, our President on several occasions championed the call for the then President Goodluck Jonathan to resign over economic hardship and insecurity affecting Nigerians. During the Chibok school kidnapping incident, he demanded the immediate resignation of President Jonathan, arguing that the government had failed in its most fundamental duty of protecting lives.
During the 2023 election campaign, President Bola Ahmed Tinubu made several promises, including improved electricity supply. He also challenged the electorate not to vote for him for a second term if he failed to deliver on those commitments—particularly in providing stable power, fighting corruption, and improving the welfare of Nigerians.
At present, however, these conditions have worsened. Electricity supply remains unreliable, insecurity has intensified in many areas, including kidnappings, and economic hardship has deepened rather than eased. Similar concerns are reflected across other critical sectors such as security, infrastructure, transportation, and anti-corruption efforts, all of which have regressed. We are in the worst possible condition.
I, therefore, join Nigerians of goodwill in calling for the resignation of the President over monumental failure in governance. Such a gesture would help enthrone a political culture rooted in accountability and responsibility, rather than further entrenching impunity. It would also send a powerful message that public office is a sacred trust, not an entitlement, and help build a society in which future leaders understand that failure carries consequences. Only by ending the culture of impunity can we secure a better future for the society our children will inherit in a New Nigeria that is possible. -PO
I love intellectual ronu so much. They don't support Tinubu o. They only solely attack Obi and the opposition 24/7 and defend the govt because they're objective, not emotional and don't take sides. They're not tribalistic but they all just happen to be from Tinubu's tribe