AfroSovereign

Pan-Africanist | Decolonizing minds & borders | Anti-religion. Pro-reason.
Africa first. Always.
No gods. No chains.

[AfroSovereign @_W3Danny]

No gods. No chains. Just Africa.
We were not born to kneel. Not to colonizers. Not to religion.
We rise, we think, we build ✊🏿

[Parallel Facts @ParallelFacts]

JUST IN: Tension Rises As Over 200 Cameroonian Soldiers Invade Nigerian Border Community [VIDEO] https://t.co/FE9QUf3Md9

[Biggest Mack @Big_Mck]

I remember when this dude was appointed, Jack d Builder came on here to celebrate, quoting himself verbatim - “God has remembered the South East.”

I asked a simple question - what makes think anyone Tinubu and his masters appointed will develop the South East?

This is where I struggle to reconcile the thought process of most Nigerians. You say Tinubu is tribalist emilokan, yet you believe he will appoint someone that will deliver development to a region you admit he hates.

This typifies the average Nigerian colonial religion induced mentality. They always believe in miracle, even from the “devil.”

Omo, I have seen many things on these streets, and have also said so many things that unfortunately keep ending in “I told you so.” I hate to be this prophet of doom, but you guys really can’t help yourselves with your delusions, can you?

[Typical African @Joe__Bassey]

Our ancestors were so good that they turned their hairstyles into art, identity, culture, and storytelling ✨

[Ryan Adams @IduhJr]

@R_eq_uin I'll go a step further to remove Paul Biya, Talon of Benin Republic and the Congo puppet president then organize a referendum to make those countries join Nigeria. I'll also make moves to get majority black countries in the Caribbean & South America to become Nigerian territory.

[Ozor Ndi Ozor @OzorNdiOzor]

BOKI, NIGERIA — The Danare community in Boki Local Government Area, Cross River State, was thrown into a state of panic earlier today following an unauthorized incursion by over 200 officers of the Cameroonian Armed Forces.

[KING ELOM👑🌕 @iamNeare]

The problem is that the poor thinks they're in the same boat with the rich😭

[Power to the People ☭🕊 @ProudSocialist]

New video explaining how capitalism is maintained through imperialism and the theft of resources from third world countries.

This is why the U.S. is always at war and has over 800 military bases worldwide to ensure corporations can keep extracting resources from these countries.

[Chetuya Chinagolum @Chetuyachinago]

I hate to admit this, but I completely agree with the IMF on this one.

I know that this may sound heavily counterintuitive. In all my political analysis on this platform, I have consistently pointed out that the IMF and the World Bank do not give out loans to genuinely help developing countries. They lend strictly to control the economies of developing nations, force privatization, and forcefully open local markets for the massive global multinationals financing these exact institutions.

However, I have done my deep research on this highly secretive Abu Dhabi loan scheme that the Nigerian government is presently considering, and what I found is deeply troubling and borderline treasonous.
First, it is crucially important to emphasize that this is the first time Nigeria, in all its long, painful history of borrowing to build infrastructure, is ever seriously considering a Total Return Swap (TRS) loan.
Historically, Nigeria has always restricted its sovereign borrowing to Eurobonds, bilateral government-to-government loans(with China), Paris Club concessional debt, standard World Bank infrastructure facilities, or traditional commercial syndicated loans.
Not only has Nigeria never tried a Total Return Swap loan in the past, but other African nations have actively, aggressively avoided this financial death trap entirely. In fact, the only two African nations to have even foolishly attempted to engage in a Total Return Swap loan are Senegal and Angola, and in both tragic cases, the macroeconomic aftershocks have been devastatingly brutal.

First, I see Nigerians making the erroneous and highly emotional argument that the IMF is strictly against this loan simply because they do not want us borrowing from China or the Middle East. This is a massive because the toxic TRS loan that Angola eventually took was actually structured through an American bank, JPMorgan, and the IMF still criticized it heavily, publicly, and relentlessly. Secondly, even though the bank Nigeria currently intends to borrow this money from may proudly bear an Arabic name, the underlying operational and structural plumbing of global finance rigidly dictates that it is absolutely impossible for the UAE to directly lend billions of dollars to Nigeria without the direct involvement, backend infrastructure, dollar liquidity, and clearing systems of major American banks. So Wall Street still gets to comfortably eat from this toxic loan, even though it is geographically originating from the Middle East.

Secondly, it is incredibly easy to understand why the Tinubu Administration is pushing so aggressively to lock in this loan. Recall that a strong rumor was circulating last month that the World Bank had permanently terminated an $800 million loan to the Nigerian government. Well, the truth is that it was actually the Tinubu Administration that urgently requested the World Bank terminate the loan because the harsh conditions were simply too much to swallow politically. The World Bank arrogantly demanded that Tinubu impose even more taxes on electricity and hike tariffs which would effectively raise the suffocating cost of survival for Nigerian businesses, which Tinubu respectfully declined because the tax burden was already provoking mass anger.
So right now, it is highly probable that Tinubu is quietly running to Abu Dhabi to collect a massive, strings-free loan that will definitely not come with painful Structural Adjustment Programmes that would force him to devalue the Naira further, remove more subsidies, or hit Nigerians with heavier, crippling taxes.
This is highly understandable from a purely selfish political calculus. General elections are exactly seven short months away, and the frustrated, hungry, and exhausted Nigerian population could violently rebel against him at the ballot box. So obviously, another punishing World Bank loan is completely off the table for now if the President intends to comfortably return to Aso Rock come 2027.

This is exactly why they have desperately chosen this Total Return Swap loan. This is because Abu Dhabi does not care a single bit about the junk credit ratings of Nigeria, they do not care about structural adjustment programmes, they will not demand Nigeria cuts funding for healthcare, slashes education budgets, eliminates remaining agricultural subsidies, privatizes critical national assets, or forces mass layoffs in the civil service just to qualify for this cash. However, this loan comes with a very strict, highly predatory condition that every single Nigerian should be deeply concerned about, violently reject, and aggressively demand the government immediately withdraw their application for.

First, to even qualify for this $5 billion loan, the Nigerian government must physically hand over sovereign government bonds worth over 133% of this loan, which translates to a staggering ₦6.6 Trillion, directly to the UAE. These Treasury Bills are binding debts that the Nigerian government has legally promised to pay out to creditors, and Abu Dhabi will instantly sell off these bills to the international market to secure their ₦6.6 trillion. These new global buyers will effectively be holding Nigeria's sovereign debt hostage. These private, faceless investors will eventually turn to the Central Bank of Nigeria and violently demand to be paid the interest (coupons) and the massive face value of those bonds. The Nigerian government is now legally, permanently obligated to pay out ₦6.6 trillion of our bleeding taxpayers' money to these aggressive private bondholders.

This is not even the scariest part of this suicidal deal. Another strict, unforgiving obligation of this toxic loan is the terrifying "Margin Call." You see, since these Treasury Bills are heavily priced in Naira, their global value will violently fluctuate depending on how our fragile exchange rate changes. If the Strait of Hormuz is permanently reopened, for example, the global price of oil per barrel will drastically plummet below the $100 mark. This will definitely, immediately impact our Naira value since it will rapidly dry up the vital US dollars flowing into Nigeria, given that 90% of our foreign reserves are entirely dependent on crude oil exports. This means significantly fewer dollars will now be coming into the country, which will trigger massive dollar scarcity. Basic, elementary economics dictates that we should automatically expect the Naira to violently crash to ₦1,600, ₦1,800, or even ₦2,000 per dollar. If this nightmare happens, let us assume the Naira falls by 40%. Then the underlying value of the Nigerian treasury bills issued to the UAE would effectively crash in value by 40 percent. In response, they will instantly issue an aggressive margin call to Nigeria, legally forcing the CBN to immediately, unconditionally transfer $2.6 billion in raw cash directly to the UAE just to keep the loan position open.
Now, pay attention: this massive amount does not even settle the outstanding principal loan, it does not settle the mounting interest on the loan, it is simply a punitive penalty fee that Nigeria must bleed out just to keep the contract active. Nigeria would either have to raid our already depleted foreign reserves (which are supposed to be strictly used to defend the Naira, pay for imports, and secure national stability) just to keep a useless loan position open. If Nigeria does not want to send scarce dollars to the UAE, Nigeria would be contractually forced to issue and blindly pledge an additional ₦2.64 trillion in brand new Treasury bills. Instead of having ₦6.6 trillion in national debt held hostage by a foreign bank, Nigeria would suddenly have ₦9.24 trillion totally locked up. If Nigeria eventually defaults, the amount of national debt the UAE bank can maliciously dump onto the fragile local market violently increases from ₦6.6 trillion to over ₦9.2 trillion, and this would absolutely, mathematically guarantee a total domestic financial collapse.

Look at the tragic case of Angola, for example. Just four very short months after collecting this exact type of toxic loan from JPMorgan, their local currency violently crashed, legally forcing Angola to urgently scrape together and send $200 million in raw cash directly to the American bank, and despite this massive financial bleeding, they eventually defaulted on the entire loan anyway.

This is exactly what every Nigerian desperately needs to understand. Tinubu is not actively avoiding the IMF and the World Bank because his administration has suddenly decided to act sovereign, stand tall, and look for a genuinely better, more respectful lender. This administration is directly, purely avoiding the World Bank because their specific loan will come with heavier taxes, painful structural reforms, and massive public backlash since a highly contested election is dangerously close. But now, this desperate administration is blindly grabbing onto a far more dangerous, explosive, and financially lethal loan that has the direct capacity to cripple our entire economy, destroy our currency, and bankrupt our future faster than the World Bank or IMF could ever possibly dream of.

The society of Nigerian accountants needs to urgently study the complex terms of this toxic loan, hold emergency press conferences, and issue a strongly worded statement to condemn it in its strongest possible terms. The lawyers need to immediately download these predatory loan agreements, study the fine print, dissect the hidden clauses, expose the draconian arbitration terms, file urgent injunctions in federal courts, drag the Finance Minister to the National Assembly, and forcefully petition international financial watchdogs. We, as an exhausted people, need to finally wake up, get angry, and do something concrete, as this is a catastrophic decision that will violently affect our daily lives, our businesses, and our children. Yes, an election is coming, but the election is not tomorrow, the election is not next month, the election is in exactly 7 months, and by then, this financial death warrant would be permanently signed, sealed, and firmly delivered. The House of Assembly will obviously, spinelessly approve these loans without reading a single page because their privileged children, their wealthy families, and their unborn grandchildren will obviously never be affected by the brutal terms of this financial slavery. But we, the ordinary, hardworking, and highly taxed Nigerians, will be the ones totally crushed to the absolute ground when this house of cards inevitably crashes.

[AfroSovereign @_W3Danny]

@realJudebela @kingboyini Another history lesson video for me to watch tonight.
Thank you Jude, God increases your wisdom 🙏🏿

[Jude Bela @realJudebela]

We often hear about the 1999 constitution and how it returned Nigeria to democracy. But what were the deals behind that return to democracy?

This is episode 11 of #powerandplunder. Don’t miss any episode from here on. Things are about to get really crazy.

[Jude Bela @realJudebela]

The deal that created the current Nigeria.

#PowerandPlunder11

[Power to the People ☭🕊 @ProudSocialist]

Elon Musk: "I don't believe Africa's poverty is caused by colonialism."

Michael Parenti: "The Third World is not poor. It is over exploited.”

Capitalism is maintained through imperialism and the theft of resources from third world countries. This is why the US is always at war.

[Biggest Mack @Big_Mck]

“Do you know how many countries that don’t like America?”

Well, America is not even disliked enough.

Dear Africans, you need to stop defending or making excuses for the United States. That country dislikes you more than you can ever imagine, and there’s no amount of resentment that will be enough for Donald Trump and his people. Add FIFA to the mix too.

[KING ELOM👑🌕 @iamNeare]

🇹🇩CHAD:
Chadian women are celebrated for their stunning long braids.

In Chad, hair is celebrated as a powerful symbol of identity, legacy, and strength. Women of nomadic tribes are widely known for their hip-grazing hair, which they maintain using an ancient, nutrient-rich ritual blend called Chébé to promote growth and retain moisture.

[Riken @callme_Riken]

@Wizarab10 @maxvayshia She’s not married because she used the good man like her Cash App 🤣🤣

https://t.co/cLbruIWoHD

[👑S.A.L.A.K.O🕊 @UnkleAyo]

By choice, I have stripped my Twitter persona off anything professional - sharing mainly my multilayered personality, commentaries including contesting in fooling d'ors.

You've asked me to share more from my cerebral bag - so I'm hoping to see how interesting you find content like this, which mirrors a segment of my corporate life.

[👑S.A.L.A.K.O🕊 @UnkleAyo]

China is pushing the boundaries of AI in Medicine.

This research work on breast cancer was published 6 days ago - and I think it is important to share some insights.

BreastGPT is the name of the model. This will significantly improve the chances of breast cancer patients.

[Typical African @Joe__Bassey]

These are all facts. Scientifically, only Black people are 100% human.

[Tod🔻 @idertod]

This book is essential reading and deeply illuminating. In chapter 20, “Capitalism’s Big Jolt,” the author argues that without the caloric boost of sugar...reaching roughly 25 pounds per person per year in England by 1776...it would not have been metabolically possible for workers to sustain the intense demands of capitalist labor. Sugar also enabled the mass consumption of caffeinated beverages that had previously been too bitter to drink in large quantities. As a result, sugar helped usher in a “new era of alertness,” fueling the rise of coffeehouses, which in turn nurtured a new medium...the newspaper...and contributed to the intellectual ferment associated with the Enlightenment.