Top Tweets for #endsars2

When Borrowing is Leprosy and cancerous. Mr. President, borrowing is not only a leprosy, but a killer cancer when it is borrowed for consumption and not production as it is in Nigeria today. Borrowing for consumption slowly eats away at the health, reputation, and autonomy of a nation. One of the major “leprosy” afflicting Nigeria today is not just debt, but debt without productivity. Debt that is not tied to measurable economic value. Debt that does not translate into jobs, growth, or improved living standards for the Nigerian people. No serious economy borrows recklessly. Nations borrow with discipline, with purpose, and with a clear plan for repayment through productive investment. Fiscal Responsibility Act 2007 provides that “Any government in the Federation or its agencies and corporations desirous of borrowing shall, specify the purpose for which the borrowing is intended and present a cost-benefit analysis, detailing the economic and social benefits of the purpose to which the intended borrowing is to be applied” Cost-benefit analysis must show how the loan would be applied, how it will impact economic growth and improve the welfare of Nigerian citizens in measurable ways. Most of the borrowings by this government do not satisfy the requirements of law or the requirements of economic common sense. The humongous borrowing so far does not show how the projects for the loans enhance the productive capacity of the nation and the welfare of Nigerian citizens. These loans are also dangerous because they burden the capacity of the Nigerian state to improve the economy in the future, as we have one of the world’s highest debt servicing ratios. What matters is not debt-GDP as much as debt-debt servicing ratio because the latter constrains our capacity to finance the sectors that drive human development and economic growth. If the money is wrongly spent as we do in Nigeria currently, it becomes double jeopardy because you are using current revenue to service debts that did not add to revenue or improve capacity for more production in the future. A responsible government does not merely defend borrowing; it explains it, justifies it, and most importantly, ensures it works for the people. A new Nigeria is POssible. -PO

2016, someone spoiled my L300 Mitsubishi bus that I bought and dumped it on the road. He called me to go pick up my bus at the location the back-axle pulled out. He threatened my life that if I ever call the police on him and try coming to his place to arrest him that he ll show me he's a cultist. I said no problem. I went to the police station and after taking my statement in a rough booklet at the counter desk office said I should pay N5000 so that he can transfer my case to "book of life" so that it ll official case. He added after that I need to buy fuel and feeding money for four policemen that ll do the arrest the next morning. I calculated everything roughly and it was around 18k, I told the officer I'm coming lemme buy airtime to call my brother that owned the bus. That was how I left the station. I went to use that money to repair the bus. Nigeria police are something else.