₦206.5 billion for poverty alleviation.
Now compare that with:
• ₦15.81 trillion for debt servicing.
• ₦15.40 trillion for recurrent expenditure.
• ₦10.75 trillion of that recurrent spending goes to personnel costs.
Budgets, not speeches, reveal government priorities. Nigerians should keep asking whether these priorities reflect the country's biggest challenges.
Activist investor Palliser Capital sent a letter to $7B Japanese toilet maker Toto and said it was “the most undervalued and overlooked AI memory beneficiary”.
Toto known for its bidet toilets but the expertise in ceramics is crucial for memory manufacturing.
Per FT, “Toto’s chuck technology uses ceramics designed to remain stable at very low temperatures, helping hold silicon wafers firmly during chip production. That makes it relevant to cryogenic etching, which is expected to grow as memory chips become more layered and complex.”
Palliser believes Toto has a 5-year moat on the technology and should expand the operation.
Advances ceramics already make up 40% of Toto’s operating profit while being only <10% of revenue.
Toto is up +60% over the past year on their development.
Toto isn't even the most extreme example: Ajinomoto makes MSG. Their amino acid research produced the insulating substrate in virtually every high-end GPU. 95% global monopoly. In 2021 the chip shortage bottleneck wasn't silicon, it was Ajinomoto's film. Japan holds majority share in 14 critical semiconductor materials. The sintering process that creates a non-porous toilet is the same one that creates a contamination-free wafer chuck. The most critical layer of AI infrastructure is controlled by companies that make toilets, MSG, and window glass.
Bank transfers in Nigeria are instant. It is one of the fastest I’ve seen compared to the US and Canada.
I can walk into a Nigerian bank, initiate a 100 Million Naira transfer, and before I finish arguing with the bank manager about Arsenal not winning the league, the money is already sitting in the recipient’s account ready to be withdrawn.
But when it comes to electronic transfer of votes in real time, we suddenly act technologically backward. Taa, gbafuo!
@enitan_egbeyemi @DeyeyePaul Underground pipes that carry the water are below frost lines. Frostline is max depth the ground will freeze when it's cold. Surface is cold but if you go down enough it becomes warm. When it comes up to the household it goes through insulated walls that keeps temp above freezing.
PRESIDENT TINUBU SHOULD TENDER HIS RESIGNATION AND APOLOGISE TO THE COUNTRY.
AS COMMANDER-IN-CHIEF, HE IS WEAK, CLUELESS AND GROSSLY INCOMPETENT.
THE KILLINGS AND BLOODBATH CAN’T CONTINUE.
RESIGN NOW, TINUBU.
“In Plateau state I visited there, there was an attack on Christmas Eve in 2023.
The first village was attacked at 8pm, they burned the pastors home. I was speaking to the new pastor because they have killed previous Pastor.
Christians are more likely to be killed in Nigerian than Muslims. When you look at the population the middle belt is the area where most persecution is happening.
This is real, it is really happening and I think that we would go a long way and then fellow up those specific points with ACTION”
— Sean Nelson.
Every Nigerian needs to watch this video.
This is really so sad and so heartbreaking 💔
BMW tried charging $20/month for heated seats in cars you already bought.
Tesla locks basic features behind paywalls.
John Deere makes farmers pay subscriptions to repair their own tractors during harvest season.
This isn't innovation - it's digital feudalism.
While Nigerians are urged to endure economic hardship "like labor pains," some governors are splurging billions on new government houses, @TheAfricaReport reveals » https://t.co/9qehFrvkVE
@BudgITng warns that "instead of funding schools, clinics, or agriculture, leaders prioritize buildings they barely use."
@cislacnigeria adds: "There is more money, little accountability, and no priority."
Such alleged lack of fiscal responsibility fuels inequality and erodes public trust.
#TransparencyTuesday