illokrat

?!

[illokrat @illokrat]

Disappear and make it if you can. #ct is just fake.

[illokrat @illokrat]

The solution to this nonsense is an armed populace

[Instablog9ja @instablog9ja]

Bandits att@ck Kogi community, k+ll school vice principal, abd¥ct students

[illokrat @illokrat]

@Chetuyachinago @officialABAT Singapore Housing and development board initiative provides affordable housing for more than 80% of their population. till date Lagos initiative like HOMS and Rent-to-own has only benefited less than 1%. 70-80% of the population are fully excluded.

[illokrat @illokrat]

@Chetuyachinago I didn't have to do any of this analysis to come to this conclusion. Lagos tried the same once, the failure could easily be repeated anywhere across the country. @officialABAT should draw lessons from Singapore and stop pretending to help or care about anyone but his rich friends

[Chetuya Chinagolum @Chetuyachinago]

President Bola Ahmed Tinubu just provided further details on his heavily hyped Renewed Hope Agenda, and the sheer mathematics of this project is deeply disturbing, especially since this mega scheme is aggressively marketed as a lifeline to better the lives of ordinary Nigerians.

In the quoted tweet below, President Tinubu claimed that exactly ₦128 billion in mortgages has been generously delivered to 1,859 families at a fixed interest rate of 9.75% spread over 20 long years through the Ministry of Finance Incorporated.
On the surface, this looks like the ultimate utopian dream project, primarily because a 9.75% mortgage rate is ridiculously low, especially when you compare it to the predatory standard market rates which presently sit anywhere between 20%, 25%, 30%, or even higher depending on the bank.
However, even with this seemingly charitable low interest rate, a simple, cold mathematical breakdown instantly exposes that these supposed affordable homes are entirely out of reach for the average, hardworking Nigerian in whose very name this multibillion Naira PR project is being violently advertised.

To see this blatant scam, simply divide ₦128 billion among 1,859 families, and you will rapidly discover that the average mortgage size is a staggering, eye-watering ₦68.8 million per home. Now, under the exact terms quoted by Tinubu, which is 9.75% interest over 20 years with a mandatory 10% equity contribution of roughly ₦6.8 million, a single family would have to reliably cough up roughly ₦600,000 to ₦650,000 every single month just to service this impossible mortgage.

This mathematical reality clearly demonstrates that the policy architects behind this Renewed Hope Agenda have completely, and spectacularly lost their minds, their touch with reality, and their basic common sense.
First of all, the brand new minimum wage recently signed into law in Nigeria is an alleged, highly disputed ₦70,000, which is an insulting amount that many state governors claim they cannot even afford to pay, sustain, or budget for. Even with this symbolic, poverty-level wage, the average Nigerian that these houses are supposedly built for would genuinely need to starve, save every single kobo, and work for one full uninterrupted year just to afford a single one-month mortgage repayment. Currently, absolutely no middle-class citizen in Nigeria with an honest, verifiable, and legitimate source of living can ever afford to burn this massive amount every month for a house, no matter how stupid, lavish, or financially reckless they want to be.

Now this begs the incredibly obvious, screaming question: why on earth is the Tinubu administration deliberately wasting ₦128 billion (a massive $90 million) to provide subsidized affordable housing to a tiny fraction of 1,859 families who are obviously loaded with cash, highly connected, financially immune, and can easily afford luxury apartments, fund their own private estates, secure massive commercial bank loans, or buy premium properties outright?
This ridiculous allocation of scarce public funds makes zero strategic sense because the exact amount quoted for this vanity project is comfortably enough to buy about 4 highly advanced MQ-9 Reaper drones, fully equip them, heavily arm them, and ship them straight to the bleeding frontlines of Northern Nigeria.
These military-grade drones can stay airborne for 30 continuous hours, monitor the entire terror-infested forests in Borno in less than one hour, track moving targets, and violently update the Nigerian military in real time for any mass gatherings of armed bandits, hostage holding areas, illegal gold mining operations, or cross-border insurgent movements.

The colossal amount of money involved in this project is not merely the ₦128 billion senselessly wasted so far. Obviously, before this entire grand, systemic money laundering scheme is fully completed, more than ₦320 billion will have magically vanished, migrated, and evaporated from the Nigerian Treasury directly into the bloated private offshore accounts of ghost contractors, corrupt civil servants, APC campaign financiers, loyal party chieftains, and the ruling party's untouchable inner circle.

This is complete madness. Our brave men in uniform are constantly being taken by surprise, ambushed, and rounded up by ragtag terrorists simply because their vulnerable forward operating bases do not come equipped with basic acoustic sensors, infrared thermal cameras, night vision goggle, or basic aerial reconnaissance drones to serve as early warning mechanisms. Yet the Commander in Chief is cheerfully burning hundreds of billions of Naira under the guise of public welfare, deliberately laundering public treasury funds into the deep back pockets of shady construction companies, and happily providing heavily subsidized affordable housing to his ultra-rich, highly privileged, and politically connected friends.

[illokrat @illokrat]

A house for the rich. This scheme will pretty much be built around nepotism favouritism.

[Bola Ahmed Tinubu @officialABAT]

When I placed the Renewed Hope Agenda before Nigerians, I did not speak of housing in vague terms. I gave my word that this administration would work to make decent homes affordable again, and that a hardworking family, after years of paying rent, would finally have a path to a house of its own.

Let me account for that promise plainly, by juxtaposing what we pledged beside what we have actually achieved.

1/

[illokrat @illokrat]

@DomiTrader @GovKathyHochul Changed for the worst you dimwit

[illokrat @illokrat]

@DomiTrader @GovKathyHochul Changed for the worse you dimwit

[illokrat @illokrat]

@Jomo_Of_FUTA Seems the assessment will likely be deductive reasoning. Do you have practice questions for those?

[illokrat @illokrat]

$Clanker at $13

If you listened to me, you owe me money

[Nihilus @NihilusBTC]

$CLANKER keep buying until 20

TP: 40

[illokrat @illokrat]

@solami66 @monero It traded like ass today and has been doing that relative to $zec.

[illokrat @illokrat]

So monero $xmr lost to $zec

Dumping hard even when $btc is recovering. Fuck you @monero

[illokrat @illokrat]

@NigeriaStories Payment with which money, oga?

[illokrat @illokrat]

Funny how bybit keep sending me notifications of NASDAQ, S&P reaching news highs every now and then but nothing on $btc

[illokrat @illokrat]

@NigeriaStories Is it a time to praise anybody cos that seems like what he's been doing lately

[illokrat @illokrat]

@ayoadeba @officialABAT @DOlusegun People should be allowed to own guns.

[illokrat @illokrat]

@MarthaVict17071 Just like glo network in some regions 😂

[illokrat @illokrat]

Competing for PTDF overseas Scholarship award is like competing for a political position in Nigeria. You need godfathers and connections.

[illokrat @illokrat]

@NihilusBTC If you buy $clanker above $18 you'll be wrong

[illokrat @illokrat]

@Learnernoearner @scootmunger Exit liquidity moves

[illokrat @illokrat]

@daddyhope @eNCA The man is literally running a business and contributing to society. What is this journalist doing again? @eNCA