Segun Terere

Senior Scientific Officer @ NICRAT, Public Health Professional , Realist, Political Analyst, Arsenal fan, Tennis lover, Plays Scrabble, AAUA, ABU Alumni

[Segun Terere @SegunTerere]

Here we go. Nigeria must succeed

[Bloomberg @business]

JPMorgan has deposited $38 million with the Central Bank of Nigeria as it moves closer to securing a banking license in Africa’s most populous nation, according to sources https://t.co/uHcWZ3YmLR

[Segun Terere @SegunTerere]

Breaking,
Iran’s IRGC Navy stated today via IRNA that the Strait of Hormuz is closed and ships violating its rules will “burn in the fire of trusting the terrorist US military.” This follows claims of supertankers hitting mines on unauthorized routes. This war aint ending soon

[Segun Terere @SegunTerere]

@atensnut I9

[Bola Ahmed Tinubu @officialABAT]

We undertook our economic reforms to build a stronger foundation for investment and give more Nigerians the opportunity to earn a better living.

I welcome the World Bank Group’s work to mobilise up to $5.79 billion in private financing for Nigeria. This partnership supports our efforts to help businesses expand and attract investment into agriculture and digital infrastructure.

Nigeria has gone a step further to put together a pipeline of 65 bankable projects seeking $78.5 billion in investment. Our Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele @taiwoyedele, presented these opportunities alongside CBN Governor Olayemi Cardoso at the Nigeria Investors Forum, on the sidelines of the 2026 IMF–World Bank Annual Meetings in Bangkok.

I invite Nigerian and international investors to examine these projects and engage directly with their sponsors through Projects Nigeria. Our administration will work with you to resolve obstacles and move viable investments into execution, creating jobs and expanding opportunities for our people.

Explore the pipeline at https://t.co/aGyEVye1mQ

Bola Ahmed Tinubu, GCFR
President @NGRPresident @NigeriaGov

.@FinMinNigeria .@cenbank @WorldBankAfrica @WorldBankGroup

[Segun Terere @SegunTerere]

@MackOmotade Happy birthday Tade. Cheers 🍾🍾

[Segun Terere @SegunTerere]

Slowly but Nigeria will surely get there. May Nigeria succeed

[IMF @IMFNews]

IMF Growth Forecast 2026:
🇺🇸 US: 2.3%
🇩🇪 Germany: 1.3%
🇫🇷 France: 0.4%
🇮🇹 Italy: 0.8%
🇪🇸 Spain: 2.5%
🇬🇧 UK: 1.3%
🇯🇵 Japan:0.7%
🇨🇦 Canada: 1.1%
🇨🇳 China:4.5%
🇮🇳 India: 7.0%
🇷🇺 Russia:0.9%
🇧🇷 Brazil: 2.2%
🇲🇽 Mexico: 1.5%
🇸🇦 Saudi Arabia: -3.3%
🇳🇬 Nigeria: 4.2%
🇿🇦 South Africa: 1.0%
https://t.co/yoil3EB47M

[Taiwo Oyedele @taiwoyedele]

𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐌𝐈𝐍𝐈𝐒𝐓𝐑𝐘 𝐎𝐅 𝐅𝐈𝐍𝐀𝐍𝐂𝐄

𝐏𝐑𝐄𝐒𝐒 𝐑𝐄𝐋𝐄𝐀𝐒𝐄
𝐀𝐛𝐮𝐣𝐚, 𝐍𝐢𝐠𝐞𝐫𝐢𝐚 - 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 10, 2026

𝐅𝐢𝐭𝐜𝐡 𝐑𝐞𝐯𝐢𝐬𝐞𝐬 𝐍𝐢𝐠𝐞𝐫𝐢𝐚'𝐬 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐭𝐨 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞, 𝐀𝐟𝐟𝐢𝐫𝐦𝐬 '𝐁' 𝐑𝐚𝐭𝐢𝐧𝐠, 𝐂𝐢𝐭𝐢𝐧𝐠 𝐑𝐞𝐟𝐨𝐫𝐦 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦, 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐄𝐱𝐭𝐞𝐫𝐧𝐚𝐥 𝐁𝐮𝐟𝐟𝐞𝐫𝐬 𝐚𝐧𝐝 𝐃𝐢𝐬𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧

The Federal Government notes the decision by Fitch Ratings on October 9, 2026 to revise the Outlook on Nigeria's Long-Term Issuer Default Ratings to Positive from Stable, while affirming the ratings at 'B'. A Positive Outlook signals that the rating could be raised if current trends are sustained. Fitch said the action reflects ongoing reform of Nigeria's policy framework and its increased confidence that reform momentum will be sustained.

Fitch attributed the improved outlook to greater naira flexibility, disinflation and faster-than-expected accumulation of foreign exchange reserves. Gross reserves stood at USD54.9 billion on September 25, 2026, up from USD32 billion in mid-April 2024, supported by increased formalisation of foreign exchange transactions, strong portfolio inflows, and higher export receipts and remittances. The agency noted that improved reserve quality has strengthened Nigeria's resilience to external shocks, and it projects a current account surplus of 6.4 per cent of GDP in 2026.

Fitch also pointed to improving performance in the real economy. It forecasts real GDP growth of 4.3 per cent in 2026, up from 4 per cent in 2025, and expects growth to remain above 4 per cent in 2027 and 2028, led by non-oil activity. Crude oil production has met Nigeria's OPEC target of 1.5 million barrels per day since May 2026, while the ramp-up of domestic refining is reducing refined product imports and demand for foreign exchange. Average inflation is forecast to moderate to 15.4 per cent in 2026, less than half its 2024 level.

On public finances and the financial sector, Fitch expects tax reforms to lift non-oil revenue to GDP ratio. It projects general government debt to average 32 per cent of GDP over 2026 to 2028, well below the 'B' median of 56 per cent. The agency also recognised Nigeria's liquid domestic debt market and the bank recapitalisation exercise, with many banks at capital adequacy ratios above 20 per cent, well above regulatory minimums.

With this action, all three major international rating agencies have taken positive rating actions on Nigeria in 2026. S&P Global Ratings upgraded Nigeria to 'B' from 'B-' in May, and Moody's Ratings revised its outlook to Positive in August. Separately, FTSE Russell returned Nigeria to Frontier Market status with effect from September 21, 2026. Taken together, these decisions reflect a converging and increasingly favourable assessment of Nigeria's reform trajectory.

Fitch's Positive Outlook further validates the difficult but necessary reforms implemented under the leadership of President Bola Ahmed Tinubu, GCFR, from removing a costly and inequitable fuel subsidy to unifying the exchange rate and the landmark tax reforms. Our medium-term ambition is to place Nigeria firmly on the path to investment grade. We are committed to this work, not for the rating itself, but because these reforms will lower Nigeria's cost of capital, crowd in private investment and create decent jobs at scale.

The Government also takes note of the areas where Fitch sees room for further progress. Inflation, although falling, remains above that of peer countries; government revenue is still low relative to the size of the economy; and interest costs absorb a high share of that revenue. These are the constraints the Government's reform programme is designed to address.

𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭'𝐬 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐑𝐞𝐟𝐨𝐫𝐦 𝐅𝐨𝐜𝐮𝐬

- The Government reaffirms its commitment to the priorities that underpin Nigeria's improving credit profile, including:

- Sustaining reform momentum and a disciplined, market-reflective and transparent foreign exchange regime;

- Raising revenue through full implementation of the new tax laws and efficient tax administration;

- Improving fiscal governance through spending efficiency, budget execution and transparent debt management;

- Advancing structural reforms that support non-oil growth and economic diversification; and

- Accelerating conversion of macroeconomic stability into shared prosperity through food security, decent jobs, human development and support for small businesses.

The Ministry notes Fitch's guidance that positive rating action could follow from sustained disinflation and reform implementation, further strengthening of external reserves, and stronger mobilisation of non-oil revenue, all of which remain central pillars of the administration's economic strategy.

𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞
𝘏𝘰𝘯𝘰𝘶𝘳𝘢𝘣𝘭𝘦 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘰𝘧 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘊𝘰𝘰𝘳𝘥𝘪𝘯𝘢𝘵𝘪𝘯𝘨 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘌𝘤𝘰𝘯𝘰𝘮𝘺

[Segun Terere @SegunTerere]

@akandeoj What exactly is the color of your problem @akandeoj , ur principal losing a presidential primary doesn’t make you an emergency opposition. Egbon try dey observe before posting 😳😠

[Segun Terere @SegunTerere]

@soccertorey Bastoni. i think this is so easy

[Anambra State New Media @AnambraNewMedia]

Anambra State Government: Peter Obi Borrowed, Left Debts; Audit Uncovers Missing Ecological Fund.

[Segun Terere @SegunTerere]

Hi check out Twitter handle: @TheGleamer3 https://t.co/ELDqfBv08h

[Segun Terere @SegunTerere]

@DrJoeAbah I’m in Ezemuo 💪

[Segun Terere @SegunTerere]

@mc_lively_ I know u are enjoying the engagement. But have u taken ur time to google what the govt has done in the health sector in the last three years most especially in cancer prevention and treatmet, im sure the answer is no. Ask grok and stop this ur misinformation

[Bola Ahmed Tinubu @officialABAT]

Dear Nigerians,

For many years, Nigeria has possessed some of the most promising deep offshore oil and gas resources in the world, yet several major developments have remained stalled. Oil lies beneath our waters. We have the engineers, businesses and young people capable of doing increasingly sophisticated work in the sector. What has often been missing is the certainty required for investors to commit billions of dollars, over many years, at the scale needed to turn that potential into production, jobs and opportunity for Nigerians.

We cannot afford to leave that opportunity beneath our waters for another decade.

I have therefore signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, to provide clear and predictable terms for a new generation of deep offshore investment in Nigeria.

The framework has the potential to unlock up to $50 billion in investment, beginning with the approximately $10 billion Bonga South West project. For existing deep offshore leases, there is a clear window to reach Final Investment Decision by 31 December 2029 and receive the full standard incentive available under the Order.

There is urgency to this work. Capital moves, and countries compete for it every day. The countries that attract long-term investment are not necessarily those with the greatest natural resources. They are the ones that provide the greatest certainty.

Nigeria must be one of those countries.

This Order marks the tenth major policy directive of my administration targeted specifically at the oil and gas sector. Each has dealt with a constraint holding back investment, production or value creation. Taken together, they represent a deliberate effort to make our oil and gas industry more competitive, attract capital back to Nigeria and ensure that more of the value created from our resources remains here at home.

But attracting investment is only half of my purpose.

I want the work that comes with these projects to come home to Nigeria. I want our engineers involved, our fabrication yards working, our marine and technical service companies securing contracts, and our young people acquiring skills that will remain valuable long after the first barrel is produced.

The Order reflects this priority. For projects accessing its supplementary incentives, activities are to be performed in Nigeria, subject to clearly defined exceptions and Nigerian Content requirements.

My ambition is that we use this new investment cycle to build Nigeria into Africa’s regional hub for deep offshore project execution. We should not only possess the resources. We should increasingly possess the skills, businesses and industrial capacity required to develop them.

When I engaged the Chief Executive Officer of Shell plc, Mr Wael Sawan, I directed my team to look beyond a solution for one company or one project. We needed a framework that could unlock a wider pipeline of investment while protecting Nigeria’s long-term interests.

That framework is now in place.

Ultimately, I will judge its success by what Nigerians see from it in terms of good jobs, stronger Nigerian businesses, greater production, increased revenues for the Federation and new capabilities built here at home.

Our natural resources must work harder for our people.

That is the purpose of this decision, and we will pursue it with urgency.

Nigeria First.

Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces
Federal Republic of Nigeria

[Segun Terere @SegunTerere]

@governance_101 Stop being foulish and delusional. Even 3yrs after you are still in denial. Calling a sitting president all sorts of descriptions.
You lots can be the new order Nigeria and Nigerians yearn for. Koshi da nu

[Segun Terere @SegunTerere]

@YomiShogunle Good job to our gallant officers. More power to your elbow. Well done 👍

[Segun Terere @SegunTerere]

@_egungunn @Adedayor10 COYG

[Segun Terere @SegunTerere]

@Arsenal @RanveerOfficial Yesssss!!!!!!!!💪💪💪💪💪💪💪

[Segun Terere @SegunTerere]

@Arsenal @KingJamezz1 Yes 💪 COYG