There is no current record of income and spending of the Federation today.
None
Budget Office, DMO, CBN, MoF: no Federation record of income, Expenses, Assets, or Liabilities is current up to a 30-day cycle. I know where to check, nothing is current.
So how can citizens like myself "hold" my government to account?
Can you imagine going to a PLC and pulling up their accounts page and seeing "please check back"
This was a painful read. Most of my family members' losses were not due to margin loans. My mum's uncle, the late Jerry Iriabe, owned a stockbroking firm. He warned about them. It was just bad timing.
Our offence is that we invested, by @notadeepdive https://t.co/CaoAlL24g3
The God you serve had King David, Gideon, Moses, Joshua to lead an Army.
They were both leaders of men and armies.
God himself sent Angels to kill an army.
When GEJ was in power as this picture describes, you were always whining both in church and here on Twitter.
No vex me today
Is Nigeria doing better since 2023? Short answer: Hell NO!! Long answer: it depends on who you are and where you play.
For those who depend on capital markets and the FX market, the stability is a breath of fresh air. Emefiele and Buhari were idiots. Cardoso is great.
For those in the streets, things simply got worse. I have sent more to assist family members in the last 3 years than at any time in my life. Poverty increased.
The top-down approach will NOT work unless there are major interventions at the bottom. Dangote, Elumelu, or Otedola will not fix our roads or provide security; that is the government's job.
A healthy Nigeria at the bottom also benefits those at the top. I don't believe we have the luxury of things trickling down again. Remittances may be at great risk amid nationalist agitations and movements abroad.
Depending on the Diaspora to keep supporting a nation is impracticable. That was what Emefiele banked on for years, and it never worked. The Diaspora is tired. People are also thinking about their own lives and futures. Jobs are being lost, and AI is eating up the world.
If we don't build up our nation today, we will have no nation one day. We are slowly moving from Abegistan to TerrorStan. Security and Infrastructure should be priorities. A healthy foreign reserve balance doesn't help the man on the streets.
A new Nigeria is POssible when Nigeria is OK.