Sam_Bidemi

UndergroundSports, Factual, Free Thinker, Revolutionist, Afro-Beat Addict!
Independent Football Scout and Bendel Insurance Supporter.

[Sam_Bidemi @bidemi_sam]

Is this move intended to shift attention away from the Malta blending plant?

[YabaLeftOnline @yabaleftonline]

BREAKING: President Tinubu offers lifeline to Dangote Refinery, NNPC to sell crude to it in Naira.

[Dele Farotimi. A victim of Nigeria @DeleFarotimi]

Give me justice, or give me death..

[Dele Farotimi. A victim of Nigeria @DeleFarotimi]

The wise learns more from the question of the fool, than the fool is capable of learning, from the answers of the wise..🇳🇬🤔

[Sam_Bidemi @bidemi_sam]

@Tolu_7085 @ruffydfire Where is the power Tulumbu promised in his first tenure?
Without it, then he doesn't even qualify to campaign for second term!

[🇨🇳XuZhenqing徐祯卿 @XueJia24682]

✨🇨🇳Official data shows China has over 140,000 football pitches. It’s high time China bid to host the FIFA World Cup.🤔

[Sam_Bidemi @bidemi_sam]

@Orufuo Hmmmm...
Baba, they didn't only finish with 11 men, but they went on to win the match!

They were a different side in the second half, that's good coaching in my opinion.

[David Hundeyin @DavidHundeyin]

Now you people are finally having the right conversation...

Let's see how long this newfound clarity lasts before the next distraction.

[Sam_Bidemi @bidemi_sam]

I hope people can notice the sudden recent increase of crime in Edo state?

@ARISEtv @seunokin @godwin_buebu @SaheedFuhad @SaharaReporters

[The Benin Blogger @TheBeninBlogger]

“They came with AK-47. They successfully burst into the house. They took about 8 phones. They took all the hair, money…”

- Man reacts after armed robbers successfully gained entry into their home in Benin City.

[The Spearhead @Spearhead_Af]

Immigration: US Moves To Slash Visa Application Hubs In Africa

Under the most openly corrupt and racist presidency in living memory – emphasis on “openly” – the United States continues to demonstrate its utter contempt for the people of Africa, even as it continues to plunder their continent’s resources to build its economy.

Yet the people of Africa consistently refuse to believe their own eyes.

On June 9, 2026, it was reported that the US government was in talks to slash the number of US embassies in Africa permitted to process US visas for Africans by more than half. This latest display of contempt by the administration of US President Donald Trump comes on the heels of months of visa validity slashes, travel bans and blatantly racist rhetoric against Africans, and stands as a wake up call to the entire continent.

Is it not high time the people of Africa stopped trying to escape their problems by fleeing to the nations that caused these problems, and actually started solving them?

Does the continent not now have an example worth following in the Alliance of Sahel States (AES)?

[Dele Farotimi. A victim of Nigeria @DeleFarotimi]

See you on Sunday morning..🇳🇬🤔

[Elon Musk @elonmusk]

Murderous migrants beheading innocent people in their home town is what’s making people angry, not “social media”!

[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.

[LocalMelaninMan ✝️🕊♥ @Yinkzworld2]

@DavidHundeyin A defeated people that will rather jump on irrelevant virals than pay attention to the things affecting the country.

[@Patrick @Patricksouth]

@DavidHundeyin Nigeria is a joke. The current leadership is a disaster

[David Hundeyin @DavidHundeyin]

If I wanted to maintain my current standard of living, but in Nigeria, it would cost too much to be realistic.

Nigerian prices are way too expensive in USD terms despite having such a devalued currency, and I don't understand how everyone is quiet.

That country is stupidly expensive for no reason at all🤷🏾

[Kingville @CaniceKingville]

@DavidHundeyin I spend quadruple what I spend in St Petersburg in Nigeria.
Nigeria is wired to squeeze every kobo out of your life: you basically provide everything for yourself against the odds of insecurity, epileptic power, expensive n shitty internet, inexplicable inflation….
Damn!!!

[Chibuzor Mordi @Chibuzor_Mordi]

@DavidHundeyin Someone had to say it

For absolutely no reason

I don't see any reason why it will be cheaper to move from country to country within Europe than to move from Lagos to Abuja.

It makes no sense

[Sam_Bidemi @bidemi_sam]

Wike renovated ICC with #39Billion.
Tulumbu renovated VP's residence with #21Billion.
Just to mention a couple of this administration's corruption disguised as wasteful spending!

[OurFaveOnlineDoc 🇬🇧 🇳🇬 @OurFavOnlineDoc]

This is a new world-class hospital completed and built in El Salvador by their president with the equivalent of 85billion naira.

An audit by the nigerian senate uncovered 210 TRILLION naira was “missing” from NNPC in 2017-2023.

Nigerian politicians need to be tied and killed.

[AY COMEDIAN @AYCOMEDIAN]

Supporting bad governance because it benefits you today is a dangerous gamble.

Many think they can dine with the devil using a long spoon. Sooner or later, the spoon disappears, and they realise they were never exempt from the consequences.

A broken system eventually serves everyone the same meal.

[Visegrád 24 @visegrad24]

A liberal reporter felt sorry for the prisoners in Bukele’s super prison CECOT in El Salvador so they made him watch a video of what the prisoners dis to end up there.

He quickly changed his mind…