LekadiFeb

Founder - BurnCost || Founder Institute Alumni || Town Planner || Principal Consultant - Green-HousePlanners Ltd || Serial Entrepreneur || TOPREC || NITP

[LekadiFeb @Lekadifeb]

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[BURNCOST @Burncost_ng]

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[BURNCOST @Burncost_ng]

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[BURNCOST @Burncost_ng]

Six months into a construction project, information shouldn’t become a treasure hunt through WhatsApp chats, bank alerts, old invoices and someone’s memory.
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[LekadiFeb @Lekadifeb]

@TrendingEx @VendrNg This woman is insensitive and mad. Very insane.

[Kingsley Moghalu OON @MoghaluKingsley]

I find, in the management of the economies of African countries, that central banks (responsible for monetary policy and also, frequently, for financial and payment system regulation), often perform far better than the fiscal policy organ (Ministry of Finance). There are exceptions, however: while Nigeria’s @cenbank has broadly performed well under various governors, including the current one, it had disastrously incompetent leadership under Godwin Emefiele, which contributed heavily to Nigeria’s economic woes.

Why? Because Emefiele was more of a political poodle than a real central banker. The notion of central bank independence was utterly foreign to him. All the late Muhammadu Buhari’s presidency had to say was “Jump” and he would ask: “How High?”. At the end, like Nza the little bird in Chinua Achebe’s Things Fall Apart, he decided to challenge his “chi” (deity) to a wrestling match by seeking to move from the central bank into Aso Rock as President without resigning from a public service post, and ended up where he ended up.

Ngozi Okonjo-Iweala @NOIweala , on the other hand, performed superlatively as Minister of Finance. Why? Not only was she a competent and hugely experienced professional before she came to the role, but she possessed a pedigree and gravitas that to a large extent inoculated her from the problem that produces “fiscal dominance” - the influence of politicians on the fiscal functions of taxation, budgeting, and borrowing. It was not easy for politicians to dominate her because the Presidents she served respected and empowered her, and I believe she accepted the role on each occasion with certain conditions.

Central banks, on the other hand, have tended in most countries of the world to have statutory institutional independence that prevents or at least restrains interference from political masters. Politicians in Africa (but not only in our continent😀), tend to view central bank independence with great suspicion and unease, as the thought of an institution that cannot be under the direct and daily command of a head of government is anathema to most politicians except in truly mature polities. Thus, politics eats economics for breakfast.

The upshot of this is that central banks in Africa often labor like the Greek mythical king Sisyphus, who was condemned to rolling a huge boulder up the hill but could never tip it over to the other side because it kept rolling back down. While they work, politicians “scatter”, constraining the possibilities for overall macroeconomic management and economic transformation. It takes a combination of strong independence of a central bank and strong influence of the finance ministry function to reign in politicians with itchy fingers for borrowing and profligate spending, which creates many problems including inflation.
#Macroeconomics
#PoliticalEconomy
#Governance
#Ifekaego

[LekadiFeb @Lekadifeb]

@Imranmuhdz Medicine after death

[LekadiFeb @Lekadifeb]

2019/2020
We can never forget.

#deprem #earthquake #ValentinesDay

[LekadiFeb @Lekadifeb]

In today's world.😄

#deprem #LaCasaDeLosFamososCol2 #ValentinesDay

[LekadiFeb @Lekadifeb]

A clear definition of the ripple effect.
Problem no de finish.

#deprem #earthquake

[LekadiFeb @Lekadifeb]

What a life.

[LekadiFeb @Lekadifeb]

@DonaldTNews Yes

[LekadiFeb @Lekadifeb]

Why were all those women, married and single, including his brothers pregnant wife, willing to go down the pathway of dirty pleasure with Mr Baltasar Engonga of Equitorial Guinea? They consented. Food for thoughts.

#EquitorialGuinea #baltasarebang #BaltasarEngonga #Scandal

[LekadiFeb @Lekadifeb]

@amuse And if that were a black citizen and a white cop, we would have called it racism. Fire and prosecute that cop.

[@𝗼𝗻𝗲𝗷𝗼𝗯𝗹𝗲𝘀𝘀𝗯𝗼𝘆 @OneJoblessBoy]

This transpired between Nigeria's Minister of Works, Dave Umahi and 'a patron in Tinubu's campaign organization'

[LekadiFeb @Lekadifeb]

@PicturesFoIder They probably chased a rat right under that hood. My dogs do this all the time outta frustration knowing they couldn't get the rat in the engine

[LekadiFeb @Lekadifeb]

@aproko_doctor There's a reason why these tools have control switches. Whilst I believe the risk factors involved as you've mentioned (just like anything else), you need to appreciate that manufacturers considered this and ensure that they passed the safety test before put in the market.

[LekadiFeb @Lekadifeb]

@MattWallace888 @davincentjames Coincidence

[LekadiFeb @Lekadifeb]

@renoomokri We don't have a shortage of schools, we have a shortage of qualified school managers. We also have poorly managed schools with poor infrastructure and polluted learning environments. If he improved existing infrastructure to better school's standards, nobody owes you an apology.

['Fisayo Soyombo @fisayosoyombo]

In these @fijnigeria videos, IBD Dende, the most notorious smuggler in the South West, can be seen threatening to kill a Customs officer who seized his smuggled goods.

The officer he would have harmed had he not been restrained is an Assistant Superintendent of Customs.

Some puzzling points about these videos:

1.Despite wielding guns, all the Customs officers in the footage can be seen pacifying Dende. Why? Same trigger-happy Customs? "All the Customs officers with guns you see in those videos are his boys," one source told FIJ.

2.Dende can also be seen bragging: “Ejigbunu is the one I called.” “Ejigbunu bring it [the smuggled goods] in. ‘Ejigbunu’ here is Hussein Ejigbunu, Comptroller, Federal Operations Unit Zone A. FIJ previously highlighted his role in the smuggling of unchecked items, including terrorist bicycles and tramadol, into northern Nigeria.

3. Dende can be seen ordering the receiver at the other end of the phone: “Call Wale, call Wale.” The said 'Wale' is Bashir Adewale Adeniyi, a Member of the Order of the Federal Republic (MFR) and current Comptroller-General of Customs (CGC)!

4. Dende questioned the Customs officer for not stopping their bosses’ trailers of rice being smuggled in from Seme. Confirms what I’ve always said: senior Customs officers are among Nigeria’s biggest smugglers.