I mentioned six things to fix the FX issues:
1. Seek an emergency fund to stem the slide - Gulf SWF, IMF, Global Banks etc.;
2. Optimise the onshore oil production and put out new licenses if necessary;
3. Rapid strategy to raise the non-oil exports. This is the right period;
4. Fiscal tightening - You must get a grip on public spending and the culture of govt. The budget is a mess;
5. Rethink the current loose FX policy. You might need to vary certain metrics. I don't have the full data.
Today, we were at the Post-subsidy palliative event by Somolu LGA in Lagos, an initiative meant to cushion the effect of the petrol subsidy removal on residents.
According to the Chairman, Hon Abdulhamed Salawu, 15,000 bags of foodstuff were available but only 3,200 bags were shared today and the rest will be distributed at a later date. Each bag contained rice, beans, and garri.
50k each was also given to 80 traders across Somolu.
Iya Dele, one of the beneficiaries, said ‘The food items may not be much but it will go a long way because things are very hard now.’
The LGA administration said this will be a monthly event according to the availability of funds.
We will keep tracking these palliative sharing exercises and provide updates to the public.
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FRAUDULENT!!!!
In 2022, a total of N10bn was paid to 18 personal accounts, with over N5bn tagged as payments to different camps of ex-agitators in the Niger Delta.
This is a violation of Section 713 of the Public Sector Financial Regulations, 2009.
See details below👇 (Source: https://t.co/1b9IJVu1Oe)
Hello ChangeMakers!🎉🎉🎉
We are delighted to announce that the ‘2023 Civic Hive Spotlight Documentary’ is now accepting nominations.
Our goal is to identify and spotlight organizations & founders in Southwest Nigeria who are doing incredible work around SDGs to document..
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The administration of @MBuhari has come to an end. As the nation welcomes its 5th democratically elected president, we have analyzed the data, facts, and figures that characterized @MBuhari ’s time as President.
Have a look at @Mbuhari’s ‘Scorecard’
Thread!
I had a carryover because I missed my CA.
I missed my CA because I traveled out of the country.
I traveled out of the country to represent my school.
My school sent me but to be safe, I wrote to the department to inform them.
But this lecturer said I didn't inform her personally