Fashlock Holmes

A good motion needs no translation, such is my principle.

[Fashlock Holmes @ali4gray]

@ShehuSani What you wrote may make sense if the ruling party is fighting within the law and not corrupting inec and the judiciary to destroy the opposition. There is no reputation to be salvaged if the president of the country has a criminal past.

[Fashlock Holmes @ali4gray]

@winexviv You need to work on dealing with the exam Centres that make this normal. Criminal parents too.

[Fashlock Holmes @ali4gray]

This crazy. Kadpoly is a federal institution but some people are already implementing the same policies as boko haram.

[CHUKS 🍥 @ChuksEricE]

“Do they want us to wear cardigans in this heat? They said because they are fasting, we should cover our bodies.”

—Students of Kaduna Polytechnic voice out after being denied entry into the school this morning as they call on school management

[Fashlock Holmes @ali4gray]

@HAHayatu We have all these, herders have always used them when they choose to. What is holding them today?
The idea of special treatment for a particular tribe because they trade in cattle worrisome. Should every tribe carry guns to demand special treatment from the government?

[Fashlock Holmes @ali4gray]

@AnthonyEhilebo This is another damage done by Buhari’s border closure. Before now, a lot of neighbouring countries rely on Nigerian beverages. With border closure a lot of them sought sources elsewhere, at the same time Nigerian manufacturers with weak regulations cut corners to survive.

[Fashlock Holmes @ali4gray]

@YarKafanchan That’s why recruitment for government jobs in nigeria needs to be based on interest and competence. When government jobs are shared as political spoils, you have people in the system who will actively sabotage it.

[Fashlock Holmes @ali4gray]

@ancientmind The problem with most of you is the ease you fall into the trap of propaganda because you view things from a position of anger.
Anyway, let me share this.

[Fashlock Holmes @ali4gray]

lol

[TheCable @thecableng]

Femi Adesina: Nigeria would have been better if Buhari’s military regime had lasted longer | TheCable https://t.co/UnwvkAMX9i

[Foreign Policy @ForeignPolicy]

Muhammadu Buhari seemed to revel in the status offered by high positions more than in the execution of his duties. https://t.co/kultpSgyxU

[Fashlock Holmes @ali4gray]

@RobinaxOg lol. I was mad at atiku leaving pdp not for not supporting gej. It’s wrong to assume that if he had helped gej then gej will support him. With patient and deiziani.

[Fashlock Holmes @ali4gray]

@DrJoeAbah Only one person saying Super Bowl responded intelligently. The lady who said it’s because she lives in America.

[Fashlock Holmes @ali4gray]

@paul_nwabuikwu @iamtenseven The revelation is only useful if you don’t have self serving leaderships.

[Brick Suit @Brick_Suit]

@elonmusk Dunning-Kruger effect has entered the chat.

[Fashlock Holmes @ali4gray]

@tundeleye They live in 5he metaverse 😂

[Fashlock Holmes @ali4gray]

@dondekojo Let’s not forget that it was only a few weeks ago that northern legislators wanted to legislate the removal of “personal” from the constitution.

[Fashlock Holmes @ali4gray]

@egi_nupe What he is saying is that in the future the narrative will change. These things happen step by step.

[Atiku Abubakar @atiku]

Assessment of the 2025 Federal Budget: Inadequate to Address Nigeria's Structural Challenges.

The 2025 federal budget, amounting to N48 trillion with a revenue forecast of N35 trillion, resulting in a deficit exceeding N13 trillion or 4% of GDP, reflects a continuation of business-as-usual fiscal practices. This represents a persistent trend under the APC-led administration since 2016, wherein budget deficits have been consistently presented, accompanied by an increasing reliance on external borrowing.

To bridge this fiscal gap, the administration plans to secure over N13 trillion in new borrowings, including N9 trillion in direct borrowings and N4 trillion in project-specific loans. This borrowing strategy mirrors the approach of previous administrations, resulting in rising public debt and exacerbating the attendant risks related to interest payments and foreign exchange exposure.

The 2025 budget’s capacity to foster sustainable economic growth and tackle Nigeria’s deep-rooted challenges is questionable. Key issues arise from several factors:

1. Weak Budgetary Foundations: The 2024 budget's underperformance signals poor budgetary execution. By Q3 of the fiscal year, less than 35% of the allocated capital expenditure for MDAs had been disbursed, despite claims of 85% budget execution. This underperformance in capital spending, crucial for fostering economic transformation, raises concerns about the execution of the 2025 budget.

2. Disproportionate Debt Servicing: Debt servicing, which accounts for N15.8 trillion (33% of the total expenditure), is nearly equal to planned capital expenditure (N16 trillion, or 34%). Moreover, debt servicing surpasses spending on key priority sectors such as defence (N4.91 trillion), infrastructure (N4.06 trillion), education (N3.52 trillion), and health (N2.4 trillion). This imbalance will likely crowd out essential investments and perpetuate a cycle of increasing borrowing and debt accumulation, undermining fiscal stability.

3. Unsustainable Government Expenditure: The government’s recurrent expenditure remains disproportionately high, with over N14 trillion (30% of the budget) allocated to operating an oversized bureaucracy and supporting inefficient public enterprises. The lack of concrete steps to curb wastage and enhance the efficiency of public spending exacerbates the fiscal challenges, leaving limited resources for development.

4. Insufficient Capital Investment: After accounting for debt servicing and recurrent expenditure, the remaining allocation for capital spending, ranging from 25% to 34% of the total budget, is insufficient to address Nigeria’s infrastructure deficit and stimulate growth. This equates to an average capital allocation of approximately N80,000 (US$45) per capita, insufficient to meet the demands of a nation grappling with slow growth and infrastructural underdevelopment.

5. Regressive Taxation and Economic Strain: The administration’s decision to increase the VAT rate from 7.5% to 10% is a retrogressive measure that will exacerbate the cost-of-living crisis and impede economic growth. By imposing additional tax burdens on an already struggling populace while failing to address governance inefficiencies, the government risks stifling domestic consumption and further deepening economic hardship.

In conclusion, the 2025 budget lacks the structural reforms and fiscal discipline required to address Nigeria’s multifaceted economic challenges. To enhance the budget’s credibility, the administration must prioritize the reduction of inefficiencies in government operations, tackle contract inflation, and focus on long-term fiscal sustainability rather than perpetuating unsustainable borrowing and recurrent spending patterns. A shift towards a more disciplined and growth-oriented fiscal policy is essential for the nation’s economic recovery. -AA

[Fashlock Holmes @ali4gray]

@foriegner @dondekojo @Yincar Religion should be something you profess not what people say you are. If someone today says he is not Muslim you have no right to insist he is one. It is for this same reason that people say Islamic law is draconian.

[Fashlock Holmes @ali4gray]

@_K_ago @DontWorryBoutB

[Fashlock Holmes @ali4gray]

@HappyIsWack2me @DontWorryBoutB You probably don’t get it. Most Nigerians use this. It originated from this