President Bola Ahmed Tinubu just provided further details on his heavily hyped Renewed Hope Agenda, and the sheer mathematics of this project is deeply disturbing, especially since this mega scheme is aggressively marketed as a lifeline to better the lives of ordinary Nigerians.
In the quoted tweet below, President Tinubu claimed that exactly ₦128 billion in mortgages has been generously delivered to 1,859 families at a fixed interest rate of 9.75% spread over 20 long years through the Ministry of Finance Incorporated.
On the surface, this looks like the ultimate utopian dream project, primarily because a 9.75% mortgage rate is ridiculously low, especially when you compare it to the predatory standard market rates which presently sit anywhere between 20%, 25%, 30%, or even higher depending on the bank.
However, even with this seemingly charitable low interest rate, a simple, cold mathematical breakdown instantly exposes that these supposed affordable homes are entirely out of reach for the average, hardworking Nigerian in whose very name this multibillion Naira PR project is being violently advertised.
To see this blatant scam, simply divide ₦128 billion among 1,859 families, and you will rapidly discover that the average mortgage size is a staggering, eye-watering ₦68.8 million per home. Now, under the exact terms quoted by Tinubu, which is 9.75% interest over 20 years with a mandatory 10% equity contribution of roughly ₦6.8 million, a single family would have to reliably cough up roughly ₦600,000 to ₦650,000 every single month just to service this impossible mortgage.
This mathematical reality clearly demonstrates that the policy architects behind this Renewed Hope Agenda have completely, and spectacularly lost their minds, their touch with reality, and their basic common sense.
First of all, the brand new minimum wage recently signed into law in Nigeria is an alleged, highly disputed ₦70,000, which is an insulting amount that many state governors claim they cannot even afford to pay, sustain, or budget for. Even with this symbolic, poverty-level wage, the average Nigerian that these houses are supposedly built for would genuinely need to starve, save every single kobo, and work for one full uninterrupted year just to afford a single one-month mortgage repayment. Currently, absolutely no middle-class citizen in Nigeria with an honest, verifiable, and legitimate source of living can ever afford to burn this massive amount every month for a house, no matter how stupid, lavish, or financially reckless they want to be.
Now this begs the incredibly obvious, screaming question: why on earth is the Tinubu administration deliberately wasting ₦128 billion (a massive $90 million) to provide subsidized affordable housing to a tiny fraction of 1,859 families who are obviously loaded with cash, highly connected, financially immune, and can easily afford luxury apartments, fund their own private estates, secure massive commercial bank loans, or buy premium properties outright?
This ridiculous allocation of scarce public funds makes zero strategic sense because the exact amount quoted for this vanity project is comfortably enough to buy about 4 highly advanced MQ-9 Reaper drones, fully equip them, heavily arm them, and ship them straight to the bleeding frontlines of Northern Nigeria.
These military-grade drones can stay airborne for 30 continuous hours, monitor the entire terror-infested forests in Borno in less than one hour, track moving targets, and violently update the Nigerian military in real time for any mass gatherings of armed bandits, hostage holding areas, illegal gold mining operations, or cross-border insurgent movements.
The colossal amount of money involved in this project is not merely the ₦128 billion senselessly wasted so far. Obviously, before this entire grand, systemic money laundering scheme is fully completed, more than ₦320 billion will have magically vanished, migrated, and evaporated from the Nigerian Treasury directly into the bloated private offshore accounts of ghost contractors, corrupt civil servants, APC campaign financiers, loyal party chieftains, and the ruling party's untouchable inner circle.
This is complete madness. Our brave men in uniform are constantly being taken by surprise, ambushed, and rounded up by ragtag terrorists simply because their vulnerable forward operating bases do not come equipped with basic acoustic sensors, infrared thermal cameras, night vision goggle, or basic aerial reconnaissance drones to serve as early warning mechanisms. Yet the Commander in Chief is cheerfully burning hundreds of billions of Naira under the guise of public welfare, deliberately laundering public treasury funds into the deep back pockets of shady construction companies, and happily providing heavily subsidized affordable housing to his ultra-rich, highly privileged, and politically connected friends.
I interacted with this Old Man and his wife, at the INEC office today‼️
He was there last week Wednesday, and Friday!
He couldn't complete his biometrics,
Because INEC said, their server was down.
He was there today again, as early as 9am, but up until 4:28pm, he still wasn't attended to.
He will have to go back again🤦♂️
He and his wife’s issue is to replace their damaged PVC, they lost their PVC to theft.
His wife keeps his PVC for him, her bag was snatched, and their PVC’s were in it⚠️‼️
Papa said, he will keep showing up at the INEC Office Daily, until they settle him🙇♂️
If this old man can have this spirit, a 20-50 year old you, should have triple this FIRE🔥✌️
MoG, Peter Obi tried severally to create his own party, INEC didn’t approve it.
Esther Ummoh said this. This same INEC? MoG, during the time of Zik and all, there were democratic principles.
Now, Tinubu’s aide is making press releases for INEC.
INEC Chairman makes posts supporting APC.
Wike’s aide has access to INEC’s backend.
Heck, Abuja denied Peter Obi access for convention’s venue.
A government will to deny access to a venue would allow the creation of a political party?
Peter has momentum in 2023. He still has it more even now.
I’m saying we cannot say he is a terrible politician. Nigeria is a terrible political landscape.
And Peter is trying as much as possible to navigate it without losing his core principles.
And that’s what endears his supporters to him.
He is head and shoulders above every politician on the Nigerian political scene today.
“Dear Nigerian youths, please take one minute of your time to listen to me. If we can vote President Tinubu out of power, Nigeria will improve by at least 70%. It would send a message that whoever we elect can be removed if they fail to perform. That alone will make anyone seeking power understand that they must deliver and do the right thing. Everybody should start preaching to everyone to get their voters card, the time is now. 80% people that talk on social media don't even have PVC”
— VeryDarkMan.
We genuinely underestimate what Tunde Ednut is doing on Instagram. Singlehandedly holding down the forte, on there.
Imagine someone like him decides to form apolitical.
Nigeria has decayed too far for anyone to sit on a fence - that is how you utilize your influence.
"Look at the way terrørists are k!ll!ng people and posting the videos on social media. This is the result of the votes some people sold during the last election."
— Livinus Nwosu, while visiting villagers and showing them a videos and pictures of several victims of terrørists att@cks, urged them not to sell their votes ahead of the 2027 elections and encouraged them to register for and obtain their Permanent Voter Cards (PVCs).
I am so pained, not because of what I went through, but because I had so much security around me while those schoolchildren in Oyo State did not even have a single police officer to protect them.
Guys, get your PVC.
Justice can never be cracked,
“Day in day out, they are borrowing money with no single infrastructure to show the government of Nigeria is working.
That rice wey dem give you today, you go suffer for 4 years"
Tired Nigerian youths warn their compatriots.
The best voters sensitization you can see anywhere....
The message have gone local.
Kudos to everyone involved in this we will definitely reclaim our country from the looters masquerading as politicians.
"Don't be deterred by their threats to rig elections. This time, our votes must count. If it doesn't count, those who refuse count it, we will count them."
- Peter Obi on 2027 elections.
Young Nigerians are not stupid. We are on fire!
Why should anyone pay over ₦600K for a substandard education in a public university? Leave everything & listen to our Gen Zs speak. Tag them. They deserve a massive shout out.
Nigeria must be OK in our lifetime!! 😭👏👏