Na_eto

Electrical/Electronics Engineer | Data Science | Project manager | Man Utd🔴

[Na_eto @AgNaeto]

@Biyo_lar If it was this simple Man Utd would be top 2 teams in the PL in the last 10 years. It's already something we've been doing that hasn't worked well. It's stup!d to keep doing the same thing expecting a different result. Pogba, Sancho, Lukaku, Anthony among others. Didn't work.

[Chetuya Chinagolum @Chetuyachinago]

Every Nigerian needs to pay very close attention to this official press release by the Finance Minister of Nigeria, Taiwo Oyedele. This serves as the direct response by the Federal Government to the International Monetary Fund 2026 Article IV Concluding Statement on Nigeria.

The recent IMF statement on Nigeria is overflowing with glowing praises for the Tinubu Administration and their supposedly brilliant economic policies.
The IMF is loudly cheering for the reunification of the foreign exchange market because the gap between the official and black market exchange rates has remained below 5%, which is absolutely fantastic for foreign investors since they love predictability, guaranteed margins, and zero currency friction. They also excitedly applaud the fact that Nigeria's foreign reserves have built back up, supposedly providing a comfortable cushion against global economic shocks. Finally, the IMF highly commended the Tinubu government's decisions to eliminate deficit monetization (which stopped the CBN from printing money to fund government projects) and to permanently remove petrol subsidies.

Now, the Tinubu Administration, speaking through the office of the Finance Minister, is proudly parading this IMF report like a shiny gold medal. They are framing this praise as an "independent validation" that their brutally painful economic policies over the past few years are finally yielding positive macroeconomic results. The glaring problem here is that this is not something Nigeria as a sovereign country should be celebrating, and this is entirely because of who the IMF actually works for and who dictates their underlying policies. The G7 nations and Western superpowers entirely control the IMF board, and the institution itself exists strictly to protect the financial interests of international creditor nations, massive global investment banks, ruthless hedge funds, and wealthy foreign bondholders. The primary job of the IMF is merely to ensure that the global financial system remains perfectly stable and that struggling developing nations never default on their massive, crippling debts to foreign creditors. Therefore, the IMF works exclusively for the lenders (the global financial-industrial complex), absolutely not for the bleeding borrowers like Nigeria, Ghana, Kenya, or any other struggling African nation.

To see how bad this is, just observe this currency unification being praised by the IMF as a massive win for the Tinubu Administration. They are celebrating simply because the exchange rate is now mathematically stable and investors are finally happy. This is spectacularly good for foreign speculators, but it is deeply catastrophic for us because the currency stabilized at a spectacularly weaker level of N1,400 per dollar, compared to N770 in the black market and N450 in the official rate before this administration took over.
So yes, the currency is technically unified, but at a permanently crippled level. Since Nigeria is a heavily import-dependent economy, this unified weakness has made the cost of food, life-saving medicines, basic hospital bills, school fees, transportation, building materials, imported spare parts, and daily survival astronomical, thereby permanently destroying the purchasing power of everyday Nigerians.

Furthermore, the IMF congratulating the Tinubu Administration on increasing the country's foreign reserves might sound like brilliant news, until you suddenly realize that it is this exact, deliberate policy that violently crippled our local industries. Most of the money that makes up these bloated new foreign reserves was forcefully squeezed out of the removal of petrol subsidies, a move that has deeply suffocated our local businesses, artisans, manufacturers, and logistics companies who rely entirely on petrol generators to survive. But this is not even the full tragic story. Even the bloody change they violently squeezed out of the dying Nigerian middle class was not enough to impress these foreign investors. To aggressively entice them, the Tinubu Administration spiked the base interest rate from 18% up to a staggering 27%. This was no mistake. In the US, for example, when you lend money to the government by buying Treasury Bills, federal bonds, municipal securities, or index funds, the interest you expect to make per year is at most 5%. But the Nigerian government is desperately signaling to these foreign speculators and international bondholders to come drop their dollars in Nigeria, effectively guaranteeing them a massive 27% interest by the end of the year. This might look like a huge economic win as foreign capital flows into the country, but this hot money never ends up in the pockets of ordinary Nigerians. It is never used to build schools, pay hospital bills, subsidize agriculture, fix dead refineries, or reduce house rents. The money just sits idly in the central bank to impress the IMF and World Bank creditors, proving to them that Nigeria is highly liquid and perfectly safe to lend to.

The absolute worst part of this trap is that it is not just the CBN increasing the base interest rates. The commercial banks are naturally forced to aggressively increase their lending rates even higher. Today, some predatory commercial banks are charging desperate businesses as much as 35% to 40% interest on loans. This financial terrorism has forced countless local businesses to drastically cut down production, lay off massive numbers of staff, and permanently close their branches in remote areas across Nigeria, forcing them to operate strictly within the suffocating limits of their own personal, depleted capital. It is practically mathematically impossible to borrow from a Nigerian bank, scale up production, create actual wealth, and employ the millions of struggling graduates in our society when you first have to pay 40% to the bank. Add that to the reunified currency making imports insanely expensive, meaning businesses still have to pay extra for imported raw materials, clear goods at exorbitant customs duties, pay multiple state taxes, and buy the hyper-expensive fuel that spiked in price due to the celebrated subsidy removal.

It is very possible to analyze this insulting press release further, but there is absolutely no need to waste the time. Clearly, this administration should not be celebrating warm handshakes, pat-on-the-back press releases, and polite diplomatic smiles from foreign creditors and international bondholders. They should be focusing entirely on the bleeding Nigerians who are brutally forced to carry the crushing, suffocating burden of these massive economic miscalculations just to please a comfortable, wealthy board of directors at the World Bank and the IMF.

[Daily Loud @DailyLoud]

INSANE: A boy from China set a new record for solving a 2x2 Rubik's Cube in 0.39 seconds 🤯

[Onyeka ☭ @R_eq_uin]

To be honest, I've accepted the fact that Nigeria will never get better unless the enlightened ones organize and lead the people to prosperity at gunpoint.

Because even if the people riot today and chase every politician out of Aso Rock, NOTHING will change.

Jamiu the rioter from Ojuelegba under bridge and Hassan the rioter who was selling onions in Maiduguri main market yesterday cannot build institutions that dismantle the current neocolonial structure.

They don't know how.

They don't know how to write new legal code.

They don't know how media works at the societal level.

They don't know how to deal with the swarm of imperialists that will surely descend to seize power after the government is topped. That is, they are geopolitically illiterate.

The only way this country will progress is if a few dozen patriots organize and and basically light themselves on fire to lead the rest of the 240M ignorant citizens out of the darkness.

Or else you'll just get chaos and meaningless death and destruction after the regime is toppled.

There is no other way.

[Na_eto @AgNaeto]

@Folashade313 Proof of what? That I'll be making videos of myself talking to stupid people? It's not like I'm proud of it.

[Na_eto @AgNaeto]

@therealFadaca Abundantly

[Na_eto @AgNaeto]

@lollylarry1 You won't do any needful thing at any time because you have nothing to say. You lot just want to pretend none of this is happening until it's forgotten. As you're not a direct victim you'll defend your paymasters to the end. You can't engage the post because you lack response.

[Na_eto @AgNaeto]

@kofoshiomogeeko @lollylarry1 It's too gory to share, but it's not gory enough to provoke you into calling out the useless government. They should hide the videos and pretend all is well, because that's the reasonable thing to do na.

[Casemiro @Casemiro]

There are places we pass through in life… and there are places that become part of who we are.
Manchester will forever be my home.

To the city, the club, and every supporter, my sincerest thank you. These past four years have been unforgettable, filled with moments my family and I will carry with us for the rest of our lives. There simply aren’t enough words to describe the happiness and warmth we’ve felt here.

Thank you for every cheer, every memory, and for making us feel at home from the very first day.

Forever a Red Devil ❤️

[Na_eto @AgNaeto]

@ade_adeayo Nigerians need to be prepared to use sufficient force to defend their votes on that day if necessary, against elements like this that are willing to use force to disrupt a peaceful ballot process.

[Na_eto @AgNaeto]

@AdetomiwaJohns1 @ChuksEricE You cannot comprehend it even if you tried, don't worry.

[Na_eto @AgNaeto]

@bishop_ze @the_beardedsina Bro🤣🤣

[Cyborg Warlord @Admiral_Cyborg]

Broooo! I had to calm down to watch the amount of planning and budget it took to plan and execute the security architecture being used for the APC national convention. It was planned, meticulous and calculated.

There is an active response team of heavily armed security personnel stationed at every point, just for that occasion. As interesting as this sounds, access roads were blocked and a circular was released to that effect.

It is interesting because in all the years this administration has spent at the helm of affairs, that level of precision and calculations have never occurred in the war torn Northern region of Nigeria.

You don't understand how bad it is that there's an active Command Situation Room where everything going on within and outside that premise is being monitored in real time.

To further put you in your place, the Honorable Minister of Defense and a former Chief Of Army Staff were commissioned to spearhead this architecture.

I will still say that if this government values your lives, terrorism would end in 12 hours!

[Na_eto @AgNaeto]

@HammedAnimasha5 @PeterObi It's because they had to double their prices for data and calls at the expense of the ordinary Nigerian you re+ard

[sc @sxdiqcarter_]

Man wtf

[Talk2veee @talk2veee]

Are Nigerians angry enough?
This video will overwhelm you.

[Bayern & Germany @iMiaSanMia]

Vincent Kompany defends Vini Jr and criticizes José Mourinho for his statements after the game

[Legendaryben™ @_ehimare]

Chicken VS Turkey 😂😂😂🔥 Best video you’ll see today FR!😂😂😂😂😂

[MaziTundeEdnutfan @originalproflle]

“It’s a very stupid statement to say that I’m going to vote for someone I know he’ll be a disaster but I think he’d win….”

- Donald Duke to Nigerians