Mayor of Warri

Warri, land of my birth.

[Mayor of Warri @MayorWarri]

20/10/2020:
We document these so that the world see.
Soldiers shooting and killing peaceful protesters at Lekki Toll Gate.
@icj @UNHumanRights @UKinNigeria @EURightsAgency @CanHCNigeria @antonioguterres

[Mayor of Warri @MayorWarri]

@DavidHundeyin Sponsored by the dude owns the platform where the bots thrive.

[Mayor of Warri @MayorWarri]

@FinPlanKaluAja1 You'll know that these guys are for the buzz words like motivation speakers. Shallow on facts, figures & historical events.
In the 1970s Nigeria was paying the salaries of some civil servants in Caribbean nations, Grenada and Guyana.
How dare he compare NIG and China 50 yrs ago

[Chetuya Chinagolum @Chetuyachinago]

Nigeria's foreign reserves have supposedly increased to a staggering $51 billion, marking the highest level the country has seen in 17 years.
Unfortunately, this heavily publicized macroeconomic achievement is not something that ordinary Nigerians should be celebrating or congratulating the government over.

This is because a massive, tragic number of local businesses, and independent factories were brutally sacrificed on the altar of the Tinubu Administration's economic policies to make this statistical illusion a physical possibility.
The hard truth is that even though Nigeria's foreign reserves have technically increased from $35 billion in 2022 (under Muhammadu Buhari's administration) up to $51 billion in 2026 (under Tinubu's administration), almost all of this newly added cash came directly from foreign speculators.

To clearly understand this financial scam, you have to remember that when Tinubu first came to power, the base interest rate (the annual profit you expect to make when you buy Treasury Bills or government bonds from the Central Bank) was sitting at roughly 11%. But the very second Tinubu captured power, he aggressively hiked this interest rate to an unprecedented, jaw-dropping 27%.
For relative context, the standard interest rate in the United States is hovering at only about 4 percent. So, obviously, this astronomical increase was strictly done to entice, lure, and practically beg wealthy European bondholders, Wall Street hedge funds, offshore currency speculators, and international capital flight managers to come dump their volatile dollars into Nigeria. While this influx of dollar speculative investment temporarily inflated the Central Bank's reserves, this is nothing but dangerous and highly unstable "hot money."
In 1-3 years, these short-term bonds will inevitably mature, and these offshore investors will aggressively demand their principal and their massive 27 percent interest back, which will rapidly deplete and empty the national reserves even further.

But this is not the only devastating problem. This desperate policy has also violently forced commercial banks to aggressively increase their own lending rates even higher, with many banks now charging local businesses a crippling 35 percent to 40 percent interest on basic business loans. This predatory banking environment has effectively forced countless local businesses, agricultural enterprises, and manufacturing firms to completely collapse. Since many of these struggling businesses depend heavily on short-term bank loans to pay salaries, purchase raw materials, fund daily operations, and maintain their supply chains, there is mathematically no way they can afford to pay these extortionate interest rates to the banks while still maintaining basic operational profitability.

This ridiculously high interest rate, when aggressively added to the painful, continuous removal of petrol and electricity subsidies, has indeed succeeded in artificially inflating Nigeria's foreign reserves to impress Western creditors. But in the exact same breath, it has violently pushed tens of millions of ordinary Nigerians into extreme, multidimensional poverty, skyrocketed the cost of basic food, completely crumbled local industries, and transformed the entire country into an economic wasteland just to make the Central Bank's balance sheet look pretty to the IMF.

[Mayor of Warri @MayorWarri]

@Big_Mck That's how they advised Greece pre-2008 with notable blind-spots and flawed assumptions.
The Greek people bore the brunt. They quickly turned around and gave the blame to others.

[Mayor of Warri @MayorWarri]

@HotSpotHotSpot It is sad and awful to note how they frame economic hegemony as "freedom"
Freedom to operate in "unsanctioned economy" but you must accept our oppressive rules first.

Welcome to have access, but we have been stealing millions of barrels of your oil at night.

[Mayor of Warri @MayorWarri]

@AROLE_PeterObi The, US, UK, EU?
Most people do.
The manufacture chaos when they don't have their way.
But, hey, see Tanzania.
Tanzania is still standing today.

[Mayor of Warri @MayorWarri]

@DavidHundeyin If GEJ didn't choose to be cowardly politically correct & enjoy cheap tag label given to him by Obama, EU and UK, Nigeria would have been a global economic/political power state.
But Obama and gullible "change-sai-baba-olodos decided to kpeff on a hill of Pry Sch dropout-Buhari!

[David Hundeyin @DavidHundeyin]

2 important dots to connect:

1986: IMF Structural Adjustment Program in Nigeria mandates Babangida to liberalise Nigeria's news media and information space. Foreign ownership and funding of mass media is permitted in Nigeria for the first time.

2026: 40 years later, after 2 generations of post-SAP Nigerians have been marinated in American-funded news, "education" and entertainment media for their entire lives, most Nigerians now believe they are Deputy Americans, and hold their primary allegiance to a country they have never been to on another continent. They now support openly imperialist actions by the US and would happily grind their own mothers into paste if the US president tells them to.

Bonus point: The US government owns 17% of the IMF, which requires an 85% voting majority to take decisions. This means the US holds veto power in the IMF, and the IMF is functionally an extension of US foreign policy.

[The Spearhead @Spearhead_Af]

Nigeria's Cooking Gas Crisis & Why Sovereignty Matters

Nigeria, Africa’s largest economy, which also happens to sit atop the largest natural gas reserves on the continent, is, for some reason, currently going through a serious gas price crisis.

In this report for the Spearhead, @Big_Mck explores that reason, what it means for the future of Nigeria, and what the country’s over 242 million citizens must do about it.

[Mayor of Warri @MayorWarri]

@agbe_ere @DavidHundeyin @godbless_lema @AbroadTanzania Louder than loud

[Mayor of Warri @MayorWarri]

@DavidHundeyin I fear it won't last more than the next market day.
Scenarios:
VDM will abuse the CIA Plant Sowore, Sowore will reply saying he's Seyi Tinubu's boy who is beefing Wike, Reno will jump into the fray, saying it's Peter Obi's idea to borrow from IMF&WB.
That's how we lose of focus.

[Mayor of Warri @MayorWarri]

@Chetuyachinago @DavidHundeyin @wmnjoya Even at the worst stage, after wives, husbands, boyfriends and girlfriends are taken, Nigerians will console themselves with a self defeating statement "it is well"

I fear, nothing will ever happen to Nigerians to initiate a "sleepwalking" rebell!on.
Nothing.

[Mayor of Warri @MayorWarri]

@Starlink Unfortunately, the internet speed is nothing comparable to that in other regions.
Starlink services in Nigeria is very poor.
MTN FibreX seems to be far better than @Starlink

[Mayor of Warri @MayorWarri]

Yeah, they told you China is the bad guy and the Empire State -(world sponsors of political and economic hegemony and oppression) are the good guys.

Well, watch the clip and tell yourselves the truth.

In @DavidHundeyin's words, anytime you guys wake up will be your morning.

[Mayor of Warri @MayorWarri]

@HotSpotHotSpot Not a breaking news: He and Bibi never cared. Not even for a nano second.

[Mayor of Warri @MayorWarri]

@CaptainArinze @ikhide ...And if anyone tries explaining it, the person has no clue of what s/he is trying to explain.

[Mayor of Warri @MayorWarri]

@johnolugbemi01 @ikhide Those ones in Lagos are Mean.
One can easily pass them off as rogues.

[Mayor of Warri @MayorWarri]

@ikhide It is so. Because, Nigeria must happen to every single Nigerian they see leaving the country.
I always take it as a "Goodbye Sheyge".
Here's one for the road. Take it!

[Mayor of Warri @MayorWarri]

@General_Oluchi From Surelere to be "precise"

[Mayor of Warri @MayorWarri]

@davegreenidge57 JD went after the Pope. Said he should stay in his corner and just give Holy Communion.

Pope: OH, that's true. Let me write something about that.
Magnifica Humanitas: On Safeguarding the Human Person in the Time of Artificial Intelligence.

P. Thiel: I'm ff'ed. Hi Argentina. 👋