Modern Nigerian real estate is ugly, very ugly. They all look the same with slices of windows and are horribly overpriced. No creativity at all, zero thoughts on ventilation, zero attention to our hot climate just white boxes with tags like exclusive, executive and luxury.
FG expands import ban to cement, fertiliser, soaps, others
The Federal Government has revised its list of restricted imports, adding cement, fertiliser, soaps and several other products, increasing the total number of affected categories to 17.
This update was contained in a circular from the Federal Ministry of Finance, endorsed by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, following presidential approval of the 2026 fiscal policy framework.
Titled “Approval for the Implementation of the 2026 Fiscal Policy Measures and Tariff Amendments,” the circular indicated that the new policy took effect on April 1, 2026, in line with the ECOWAS Common External Tariff.
According to the document, “This is to confirm that His Excellency, Mr President, has approved the implementatiAon of the 2026 Fiscal Policy Measures made up of Supplementary Protection Measures (SPM)… with effect from 1st April 2026.”
The ministry noted that the import restrictions target goods coming from countries outside the ECOWAS bloc, forming part of efforts to strengthen trade protection.
“The approved SPM, in line with the provision of the ECOWAS CET, comprises… Import Prohibition list (Trade), applicable only to certain goods originating from non-ECOWAS Member States. It consists of 17 items,” the circular stated.
Annex III of the document lists the affected goods, which include poultry (live, frozen or processed), pork, beef and other meat products such as carcasses and offal; eggs except those meant for breeding or research; refined vegetable oils (excluding linseed, castor and olive oil); packaged sugar; cocoa products; tomatoes in all forms; and non-alcoholic beverages with sweeteners.
Other items on the list are bagged cement, various medicaments and pharmaceutical waste, fertilisers containing nitrogen, phosphorus and potassium, soaps and detergents, paper and carton materials, large glass bottles, certain steel products, as well as ballpoint pens and related parts.
Additionally, the circular introduced an Import Adjustment Tax covering 192 tariff lines, with a plan for gradual removal in line with Nigeria’s obligations under the African Continental Free Trade Area.
It stated, “With effect from January 2027, all Import Adjustment Taxes except for products on the African Continental Free Trade Area 3 per cent list, shall be gradually reduced on an annual basis until full elimination to 0 per cent by 2036.”
The government also disclosed that new excise duties, including a green tax, will commence on July 1, 2026, with a 90-day grace period granted for compliance.
“A grace period of ninety (90) days commencing from the date of this circular is hereby granted to all importers, manufacturers, and service providers before the implementation of the new excise duty rates,” it added.
It further clarified that goods backed by valid import documentation before April 1, 2026, could be cleared under the previous rules within the grace period, while transactions initiated after that date would be subject to the new regime.
The CFA is anchored to the Euro and France fixes the exchange rate and controls its through the European Central Bank. Before Benin Republic was mandated to deposit 50% of its reserves with France.
What exactly does Benin Republic gain by having a "strong" nominal exchange rate? Nothing. The country has a perpetual trade deficit, more than 9% of its GDP. It doesn't earn up to $2bn in export annually. Benin doesn't earn up to $2bn annually in export, this is less than what Nigeria earns from Cocoa. Their foreign reserve is less than $4bn.
What business does a country like this have with a strong currency. Imports from France are cheaper, it's a dumping ground for France. It's cheaper to import bottled water than produce it in Benin Republic. France has used cheap imports to suppress their growth in exchange for a stable currency and cheap foreign products.
Their exports are expensive, and apart from raw cotton, what else do they export in Benin Republic to guarantee the nominal exchange rate without the backing of France? A country that can't shape its own manufacturing and export destiny. Nigeria has recorded a trade surplus back-to-back for 3 years with increasing reserves. Our exports are fairly priced and competitive without a pegged or padded currency and the currency has remained stable and trades at market value.
This is basic economic analysis.
THIS IS CRAZYY!!!!🤯
A guy just built a $1.8 billion company with two employees. Him and his brother. Using AI.
Matthew Gallagher started Medvi from his house in Los Angeles. Spent $20,000 and two months. AI wrote the code. AI made the website. AI made the ads. AI handled customer service.
First month. 300 customers. Second month. 1,000 more. First full year. $401 million in sales. This year on track for $1.8 billion.
His only hire? His younger brother. That's the entire company.
The New York Times verified the numbers. $65 million profit last year. More than $3 million coming in every single day.
Now compare this. Hims & Hers sells weight loss drugs online. 2,442 employees. $2.4 billion revenue. 5.5% profit margin. This guy is doing nearly the same with two people and triple the margins.
He grew up living in motels and cars. Taught himself to code on a laptop his uncle gave him. Sold samurai swords on eBay as a teenager. Didn't finish college. Moved to LA to become an actor.
Now he's running the fastest growing company nobody has heard of.
When his website broke during a hike he had to sprint home because there was nobody else to fix it. Lost 200 customers in one hour. That's the reality of a two person company doing $1.8 billion.
A VC told him don't raise money. He listened. Zero outside funding. He owns 100% of it.
Two brothers. $20,000. A laptop. And every AI tool they could get their hands on. That's all it took.
IGP @TunjiDisu1 is a fine officer. He gave the Lagos RRS a human face and the squad under him was the epitome of class and civil public engagement. I wish him well in his new role and trust he will help sanitise @PoliceNG
Surulere is a living story of Lagos. From Eric Moore, with its calm streets and strong residential character,
to Bode Thomas, the heartbeat of movement, commerce, and everyday hustle. From Shitta, rich with history, culture, and community pride, to Ojuelegba, one of Lagos’ most iconic intersections. These neighbourhoods are homes, memories, businesses, creativity, and identity. But there is a growing concern we cannot ignore.
Dirty surroundings and indiscriminate waste disposal especially around the Ojuelegba axis are slowly denting the face of this historic area. What should be a proud gateway now struggles with littered roads, clogged drains, and visual decay.
Solutions are not complicated, but they require intention:
• Strategic placement of waste bins
• Consistent waste collection
• Environmental monitoring & enforcement
• Community education
• Collective responsibility
Let’s protect the beauty, pride, and identity of our neighbourhoods.
#surulere #ojuelegba #keeplagosclean #urbanresponsibility #lagoslife
My home city, Maiduguri.
Once the ground zero of the murderous terrorist group Boko Haram. A city that endured years of devastation, stagnation, and even recent destructive floods. At one point, nearly half of the city was under the shadow of terror.
But our Maiduguri did not fall.
Through resilience, courageous leadership, unity of its people, and by the will and mercy of God, the city has risen from the rubble. Today, Maiduguri stands as the pride of Northern Nigeria and a shining example of modernization, infrastructural growth, and growing local, national, and international investment.
From pain to progress. From fear to faith. From destruction to development.
We thank our leaders. We thank our people. And above all, we thank God for His mercy upon our city.
Maiduguri our pride!!!
@masuzafi