Three years ago, angry French protesters famously besieged and stormed the Paris headquarters of BlackRock because they deeply understood a fundamental truth: when a government systematically starts dismantling public social welfare safety nets, stripping pensions, and defunding state healthcare, they are directly pushing everyday citizens toward private pension funds, commercial insurance policies, and individual retirement investments. This is a massive multi-trillion-dollar market sector where BlackRock reigns as the supreme and undisputed global king.
Today, BlackRock is quietly moving its tentacles into Nigeria following the systematic privatization, auctioning, and deregulation of state-owned industries, infrastructure assets, and energy sectors.
This grand fire sale was largely engineered by the Structural Adjustment Programmes and Policy Support Instruments dictated by the IMF and the World Bank: two imperial financial institutions that constantly interact, consult, and coordinate their policy papers with BlackRock.
The strategic timing of BlackRock's entry into Nigeria ceases to be an accident the second you actually understand how global capital operates across the Global South. They do not move in with their investment portfolios, manufacturing machinery, or industrial supply chains when a developing economy is genuinely booming, local factories are expanding, and high-paying jobs are being created. They move in when the nation is fully drenched in crippling sovereign debt, facing hyperinflation, suffering from currency devaluations, and suffocating under foreign debt-servicing ratios.
Under these exact, desperate conditions, public state-owned industries, oil blocks, deepwater ports, and mineral mines that are naturally worth hundreds of billions of dollars can be effortlessly bought by foreign asset managers for pennies on the dollar, exactly as we witnessed during the catastrophic shock-therapy privatizations in Russia (1992-1996), Mexico (1994), Thailand (1997), Indonesia (1997), and Argentina (2001 and 2025).
When you see this pattern, you begin to clearly understand why the structural adjustment programmes attached to these loans are deliberately engineered this way. Systematically defunding public education and healthcare guarantees mass illiteracy, a diseased workforce, a lack of technical innovation, and an absence of local research. Meanwhile, the floating and devaluation of local currencies, combined with strict "fiscal discipline" such as the mass downsizing of the public sector, wage freezes, and the total removal of fuel and energy subsidies, mathematically guarantees that local manufacturing industries will never emerge or remain profitable. Existing domestic factories will continuously struggle to survive, as expensive overhead costs, high interest rates, and collapsed consumer purchasing power guarantee their total ruin.
These brutal austerity measures attached to these loans are precision-guided financial missiles specifically designed to soften up the national terrain before the real economic hitmen from BlackRock, Vanguard, State Street, and foreign private equity cartels move in to asset-strip the state to the bone.
This also perfectly explains why systemic state corruption never actually lowers a country's sovereign credit ratings, so long as the local comprador capitalist class is fully, obediently implementing the core tenets of the Washington Consensus.
This is why your President is freely allowed to build mansions for judges, buy luxurious private jets, engage in wanton medical tourism overseas, buy armored luxury SUVs, grant multi-billion-Naira tax waivers to cronies, and host extravagant foreign banquets, without ever facing a single threat, sanction, or public condemnation from the global financial network. But the very second a government starts using crude oil revenues to build world-class public hospitals, construct free universities, and improve citizen welfare, Western central bankers immediately label it "fiscal indiscipline." The moment a state introduces price subsidies, agricultural supports, or universal social safety nets for its struggling citizens, international credit agencies begin to salivate with rage and loudly condemn it as "institutional waste" and "market distortion."
Everyday Nigerians desperately need to wake up, open their eyes, and read the clear handwriting on the wall. What you are witnessing right now in real timez such as the planned public listing and privatization of NNPC, the controversial state policing bill, Aliko Dangote's strategic alignment with BlackRock, electricity tariff hikes, water privatization bills, tax-heavy fiscal reforms, and fuel subsidy removals, are not isolated, accidental, or harmless macroeconomic events. These politicians and central bankers are not merely incompetent, as cash-and-carry media houses are commanding you to believe.
Every single thing happening right now is completely, structurally linked, reflecting a sovereign state being systematically asset-stripped to the absolute bone. The inevitable endgame of this corporate invasion will be a fully financialized neocolonial plantation where 200 million citizens are reduced to modern serfs paying daily tribute to Western asset managers.
During my postgraduate days at UNILAG, there was this guy who would always drive to lectures in his 2004 Toyota Corolla. He worked with FAAN.
Whenever exams were approaching, he would always want to borrow my notes and make photocopies because he liked the way I structured it. I had a way of highlighting important points and adding side notes, some of which would later turn out to be likely exam questions.
We had this particular course he had been battling with. At that point, his mindset was simply to write the exam, pass somehow, and probably end up with an E.
So I picked him up. We would have WhatsApp voice calls while going through the course materials together. We did it consistently, and we both ended up with an A.
He would usually tell me that if I ever needed anything, I shouldn't hesitate to let him know and that he would come through for me. Most times, I ignored the offer because I was also doing fine on my own.
About two years after our master's programme, I had a cousin who had graduated for years but was still struggling to secure employment. He had twice gotten a fully funded scholarship in the US and was denied visa twice. He also tried Australia and was denied three times.
He eventually gave Belgium a shot, got admission, and was required to present a blocked account, meaning he needed to show proof of a certain amount of money in a Belgian account. The amount was approaching €13,000.
He had nothing, and his resumption deadline was fast approaching.
He reached out to me. Even though he had never told me about his plans to travel, I decided to do everything I could.
I reached out to two of my friends in the UK, but they couldn't help because they were still trying to establish themselves t ground. I also contacted someone in the US who was on a fully funded scholarship. He told me his monthly stipend wasn't even up to $2,000 and that, after paying rent, he had less than $300 left.
Then something told me to reach out to my old master's classmate from UNILAG.
I narrated the situation to him. He asked me straight up, "How much do you need?"
I told him we needed €14,000 in a Belgian account.
He asked, "Will that be enough?"
The next day, he provided €14,000.
A few weeks later, my cousin's visa was approved. While he was heading to the airport, my same friet also gave him ₦2 million in cash, this time, a gift.
Today, my cousin has emmigrated to the US, happily married to an American woman who is also a scholar like him. They now have two children.
I have also become his go-to person for almost every thing he needs done in Nigeria. When he bought his first home in Maryland, Mende, Lagos, I was the one who went for the inspection, received the funds in my account for a Duplex, and handled the closing deal for him.
There is hardly anything I need today that my cousin wouldn't go the extra mile to do for me.
Life has a funny way of bringing people back into your life.
Sometimes, the person you think you are helping today may become the person who changes your life tomorrow.
Never underestimate the value of being genuinely useful to people.
Be useful. Be kind. Build genuine relationships. You never know when life will bring the same person back to you in a different season.
I woke up thinking about how fucked up things could be in the next Nigerian elections. First, you have to battle thugs and compromised law enforcement at polling units; then you have to battle INEC. Even if you prevail over both, then you will meet “judges with big houses.” NGMI if you lose to one of them.
This is why the politicians are stealing so much. The OS of Nigeria right now is graft. How can things work out well when this is the underlying system?
Hope is not a strategy, but the opposition is largely powered by hope, while the ruling party is powered by graft and bad incentives. Something has to give. We have to find their weakest point and exploit it to survive.
If you match propaganda for propaganda, bribe for bribe, violence for violence, you will become them. It has to be something else. We have to do mass education and community support. Bigotry has to be countered with truth and generosity.
Instead of letting them use the poor, let's help the poor realize that they are better than tools of the greedy. The revolution can only start from the bottom and not the top. I don't see these boys as the enemy anymore; I see them as tools of our liberation. Those celebrities they worship may also be key to this. They have more power than the politicians realize.
The liberation of Nigeria will come from the streets. The streets are military.
Privilege is such an interesting thing I often find myself thinking about. We do not ask for the life we have, and that is why I'm very mindful of it. You often find it a lot in my writing.
Last week, my cleaner told me on Monday(2 days ago) was her birthday. I asked her what age we are celebrating and she said 33. Epiphany hit me that my agemate is my cleaner. I wore a wry smile as I nodded my head and told her to remind me on Monday so she could get her gift.
I then went to my room to deal with the epiphany of privilege. In another universe, that could easily have been me.
A psychologist spent 10 years studying 400 people who called themselves lucky or unlucky. Then he handed each one a newspaper and asked them to count the photographs inside.
Unlucky people took about two minutes. Lucky people took seconds.
Page 2 held a half-page ad in giant type reading "Stop counting. There are 43 photographs in this newspaper." A few pages later, another one offered a cash prize to anyone who told the experimenter they'd seen it.
The lucky group spotted both messages. The unlucky group counted straight past them, so locked onto the task that half a page of bold print became invisible. When Richard Wiseman asked afterward if they'd noticed anything unusual, they said no.
His personality data explains why. Unlucky participants scored roughly twice as high on anxiety, and tension narrows attention until the unexpected gets filtered out entirely. Lucky participants also varied their routes to work, talked to more strangers, and broke their routines on purpose, which multiplies how much unexpected material crosses their path to begin with.
Wiseman ran one more test that proves the mechanism. He surveyed 700 lottery players. Self-described lucky people were twice as confident they'd win. Their winnings matched everyone else's exactly. Feeling lucky does nothing in a game of pure chance, because there's nothing to notice.
So he built a "Luck School" that trained unlucky people to behave like lucky ones. Participants reported lasting gains in fortune, confidence, and even health.
The luck was sitting in plain sight on page 2, in type half a page tall. The only variable was who looked up.
You can do 2+2 easily in your head, but you would struggle do 7863 x 1278 in your head, and would need to put it down on paper to solve it right.
...the brain of average people is not designed to handle complex problems in the air, you have to write it down.
This is why whenever you are getting overwhelmed with a life problem it gets less heavier when you journal and write about it. Put all the pros and cons on paper, then make a plan in step by step bullet points
Try it next time
OK, I am launching what I have been working on that almost killed me. It is called https://t.co/VZUfbkIVnY. People can sell businesses there, and others can also find bargains. This is a perfect exit scenario. You don't have to close up a business when you can sell it.
Oga Minister Sir, small question.
Nigeria already has the National Social Safety-Nets Coordinating Office, the agency responsible for maintaining the National Social Register of poor and vulnerable households.
Is this new poverty-tracking system an upgrade to that existing framework or a separate one?
Nigerians, we've made this case before in our publication, "Can the Government See You?" Good governance starts with credible, connected data systems, not fragmented ones. Read 👉 https://t.co/KtW6bexZIn
The federal government plans to spend ₦114 billion on 538 boreholes (about ₦213 million per borehole).
Note: Drilling a borehole in Nigeria typically costs between ₦500,000 and ₦3 million, depending on location and depth.
Source: @BudgITng
I don't understand how a government can borrow billions and then spend N213m on a single borehole!!!!
Nigeria is borrowing almost N2t a month to spend on boreholes that cost N213m each? Same bore hole we do individually in our villages and towns?
Same nation where youth will argue that we cant educated our youth for free.
Hi @jidesanwoolu, @hanneymusawa
I'm deeply disappointed in your @lirs_govng team hounding Selar in the name of claiming creator royalty taxes. I turn 30 in Oct and I've spent the last 10 years building Selar, so this is what the youth mean by policies being created to crush growing businesses. We are the pioneering and largest creator company in Nigeria (Africa actually), and instead of being supported by the government, the LIRS team is keen on trying to scapegoat us to set a precident.
Beyond the huge numbers seen in the headlines, we are still a young company just trying to make our mark for the creator economy in a country where we've never been supported once, we're literally a bootstrapped company. In 2025 alone, we've fulfilled our tax obligation in almost 9 figures and we've never missed out on any of our tax obligation over the years. You can check the records.
We are a software company, we make our ecommerce software available to our thousands of creators in not just Nigeria but 13 other African countries and for that, we earn a small commission of 4%, most of which goes to our payment provider. This is the same business as shopify, teachable, e.t.c There is no reason LIRS is hounding us for a backdated 5% royalty fee on all sales when we've clearly explained our line of business to them and shared everything to prove we are not a royalty based business.
What they're asking us to do is raise our pricing to extort these funds from our creators which is odd considering our creators still pay taxes on their income. No creator company in the world charges as high as even 5%.
Also, less payment gateway charges we get 1-3% max, so where do we pay backdated 5% fees from?
The government would have to decide if it wants the Nigerian creative economy to grow or not.
This conversation is important to me because we pioneered this industry of monetizing digital products online in Nigeria and today we host over 400k creators selling using our platform.
This is an opportunity for the government to show it's committment to making Nigeria work for young Nigerians especially in the creator economy.
Time and money we should be spending investing into our business and it's growth for the GDP of this nation is being spent in long back and forth.
We can't catch up with the west if this is what we're facing at home. Above everything else, disputes like this are distracting from the real work.
If anything, for all our CSR contributions to the education system in the country with our Smart Hustle Anti fraud initiative and our other efforts, we should be getting tax rebates, but we're not even asking for anything but to be left alone to build our business.
Thank you.
Earlier today, we visited the victims of the Oriire LGA kidnapping incident where they are receiving treatment in Ibadan. We will continue to provide the necessary support needed for their full recovery and reunite them with their families.
We also remember civilians and military personnel who lost their lives during this process, our administration will ensure that they did not die in vain. May their souls rest in peace and may God continue to comfort their families.
Actually this is a “class action” I can get behind on my own dime. I’ll have a team do some preliminary research and if we decide to pursue, I’ll give an update. We need more public interest litigation.
“When Chibok happened, it was the fault of President Jonathan. They went all over the world and asked President Jonathan to bring back the children. But when this (Oyo kidnap) happened, it is the irresponsibility of the state governor and the state government.”
— Seyi Makinde.
With INEC's Self-Service Registration Portal, you can begin your voter registration on your phone from 8 July. (https://t.co/GEmh7UMAyB)
Need assistance? Our State and LGA Offices remain open daily from 9:00am–3:00pm.
📅 Don't miss the deadline: 26 July 2026
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