Lesson 1: Spot Market Inefficiencies
Ponzi discovered International Reply Coupons could be bought cheap in one country and sold higher in another.
While his execution became fraudulent, the insight was brilliant:
β’ Find price disparities
β’ Understand arbitrage
β’ Scale what works
While Nigeria is running from pillar to post seeking foreign investments in various sectors, & a Nigerian is able to invest $ 20 bn in a crucial, much-needed intervention in the oil sector, one would expect that the path would be cleared for this project. But this is not the case
When I saw the Malta π²πΉ NNPC comment by Dangote, I suspected there was more to it. Our group decided to investigate further.
Our discovery was deeply shocking.
Thread !
#EndBadGovernanceInNigeria
I was delighted to have met with Mr President today to show solidarity to him for his tireless effort in addressing the problems confronting the Nigerian people. Mr President is genuinely concerned about the plight of our people and he is working hard to address them. Let us keep faith and hope alive, knowing that there is light at the end of the tunnel.
Its all this kind of frivolous spendings amidst biting hardship in the land, that is fuelling all this agitations for nationwide protests...Haba which kind of insensitivity is this?? Only in Nigerian APC led govt
While the masses groan under biting hardship, Nigerian lawmakers wallow in abundance. Tinubuβs recent request to increase 2024 budget by N6.2trn came with luxury hampers for the lawmakers. Tucked under constituency project veil, is a βgiftβ of N400m to each senator and N200m to each member of the House of Reps.