Jim Ovia, the founder of Zenith Bank, talks about some of the challenges of running the bank.
He said they would build their own roads to bank branches, buy power plants, and dig boreholes.
He calls it BYOI - Build Your Own Infrastructure.
Dear Nigerians,
Leave everything & watch the 1993 presidential debate between Abiola & Alhaji Bashir Tofa.
MKO was fiercely against the IMF & the World Bank. He was against Naira Devaluation & IMF loans. He kicked against wasteful spending.
He stood for FREE education, not student loan.
In fact, Chief MKO won the 1993 presidential election after defeating Tofa in that debate. Nigerians saw his exceptionalism that day & voted overwhelmingly for Kashimawo. It was a Muslim-Muslim ticket that offered REAL hope.
Chief Moshood Kashimawo Olawale (MKO) Abiola was firmly against the International Monetary Fund (IMF) & the World Bank. He viewed these Bretton Woods institutions & their structural adjustment programs (SAP) as exploitative & designed to ensnare developing nations into debt traps & neo-colonial reliance.
In fact, he criticized the Structural Adjustment Program (SAP), a program of the IMF harshly. MKO was a Capitalist with Socialist ideals.
Key aspects of his economic vision were:
Farewell to Poverty: His manifesto proposed an economic framework that rejected the World Bank & IMF loans & structural adjustments.
Alternative Funding: Instead of devaluing the currency or taking conditional loans, Chief MKO planned to fund a nationwide free health & free education by cutting government waste & securing more profits from oil companies.
National Sovereignty: MKO was against neo-colonialism. As an international businessman, he argued that Nigeria had no business letting young IMF officials dictate its internal policies.
Today, JUNE 12 People are implementing SAP 2.0. They are running away from debates. They have gone against everything MKO stood for.
His HOPE '93 "Farewell to Poverty" was largely a ‘people-centric’ manifesto, anchored on democracy, social justice, agric revolution, poverty eradication, & anti-imperialism.
He promised to write off 10 years of taxes for private businesses that went into farming. He was ready to mechanize the whole value chain.
1993 was the fairest & freest election in Nigeria. The irony is, it was the military that conducted that election, before it was ultimately annulled.
Today, June 12 People cannot conduct a free election. The beneficiaries of JUNE 12 declare Oro on Election Day, & snatch ballot boxes.
They mutilate result sheets, compromise the IREV, & tell you to go to court. They plant their surrogates in opposition parties & call it a Master Strategy. June 12 People are no democrats, they are worse than Abacha.
They work against everything that MKO stood for. Under JUNE 12 People, Nigerians have no human rights. They use the police & the DSS to kidnap the critics of their government. They borrowed Nigeria to stupor. They plan to more, & they will squander it. And when the IMF or World Bank says “jump!” They ask, “how high?”
Recall that Muhammadu Buhari participated in the 2011 presidential debate, where he debated Nuhu Ribadu & Ibrahim Shekarau. However, he did not attend the 2007, 2015, & 2019 debates.
JUNE 12 People have never participated in any presidential debates. They will run away from the 2027 debates. They hate accountability.
MKO always quoted statistics like the man they attack in Nigeria today. The candidate they call “Obi China.” MKO articulated his thoughts. He was no bulaba. He stood for the poor. JUNE 12 People are there for themselves & the rich only.
They are asking you to renew their mandate—so they could do the things they promised you before. They will remain a fraud in my book.
📊 UK 🇬🇧 VS NIGERIA 🇳🇬: HOW FAR DOES THE MINIMUM WAGE GO?
💷 National Minimum Wage
🇬🇧 UK — £1,953.60/month (₦3,568,060 using £1 = ₦1,826.66)
🇳🇬 Nigeria — ₦70,000/month
⛽ Petrol Prices (USD per litre)
🇬🇧 UK — $2.11 (₦2,872 per litre)
🇳🇬 Nigeria — $0.99 (₦1,350 per litre)
⛽ Fuel Affordability (Relative to Minimum Wage)
🇬🇧 UK — 1,240 litres
🇳🇬 Nigeria — 52 litres
🥚 Egg Affordability (30 Eggs / 1 Crate)
🇬🇧 UK — £11.75/crate ($15.98/crate)
🇳🇬 Nigeria — ₦7,000/crate ($5.14/crate)
🥚 Crates of Eggs Purchasable with Minimum Wage
🇬🇧 UK — 166 crates
🇳🇬 Nigeria — 10 crates
⚡ Average Residential Electricity Rates
🇬🇧 UK — $0.401 (₦611 per kWh)
🇳🇬 Nigeria — $0.036 (₦55 per kWh)
⚡ Electricity Spend (Assuming 225 kWh/month)
🇬🇧 UK — 3.45% of minimum wage
🇳🇬 Nigeria — 17.68%% of minimum wage
Petrol, eggs, and electricity are cheaper in Nigeria in absolute terms, but UK minimum-wage earners can afford significantly more due to higher income levels. In contrast, Nigerian workers spend a much larger share of their income on basic utilities and energy.
📌 Exchange Rates Used
£1 = $1.3398 | $1 = ₦1,363
#StatiSense
#Statisense
(UK Government, GlobalPetrolPrices, CBN, Falleninch Farm, Bank of England,UK Govt, ECoflow)
“There was a time we had 90 million turnover and we had to pay back 22 million per year for the stadium, I couldn’t sleep because we had to qualify for the champions league to pay back the money. We had to sell our best players. Other clubs came in with lots of money but we were on the same level from 2007 to 2016”
Arsene Wenger
“I want to appreciate Lagos State Governor, Babajide Sanwo-Olu, for inviting us. It takes a lot of selflessness to invite other states to take advantage of a platform to market themselves, and I assure you I will not demarket you as I market myself. Lagos is a mega city. If you ask me, I would say it is overpopulated, and that is why it is good for other states to begin to grow. We cannot all be mega cities like Lagos, but there are things we can take from Lagos.”
— Abia State Governor, Alex Otti, speaking today at Invest Lagos 3.0
Africa Is One Market, But Not for Africans
Africa has been treated as one big market for foreign goods, but Africans have been discouraged from treating Africa as one market for ourselves. The same people who tell us continental trade is too complicated have no problem moving their own products across our borders.
They want access to Africa’s market, but they do not want Africa to trade freely with itself. Because an Africa that trades with itself is an Africa that becomes stronger, more independent, and less dependent on foreign imports.
So when you see foreign products everywhere across the continent, while African products remain trapped inside their own countries, understand what you are looking at. Dependency by design.
BREAKING: Hon. Ikenga Ugochinyere has released a video of Hon. Philip Agbese signing his endorsement form for the position of Minority Leader of the House of Representatives.
In the video, which was recorded on May 21, 2026, Agbese can be seen signing two forms.
Earlier today at the House plenary, Agbese raised a point of privilege alleging that his signature was forged on a document nominating Hon. Ikenga Ugochinyere for the position of Minority Leader of the House of Representatives.
SECRETARY RUBIO: "On Nigeria, where many were very concerned about violence against Christians, we are now actively in counterterrorism cooperation with the Nigerian government and Nigerian security forces."
"‘I’m ready to sacrifice my life to rescue the abducted teachers and schoolchildren. I have my squad, send us into Oyo National Park to bring them home!’ — Protester’s message to Governor Seyi Makinde
Two weeks after Oriire Kidnap and less than 24hours after Governor Seyi Makinde’s visit, President Bola Tinubu finally sends National Security Adviser, Nuhu Ribadu to lead a high-level delegation to visit families of the abductees in Ogbomoso.