Romzy_CFC

industrial designer, lover of good music and a crazy fan of Chelseafc. Team Nigeria#KTBFFH

[eyedrJane @janeezeji17]

@novieverest They don’t really think when they speak.that guy really fall my hand.

[Everest @novieverest]

Akin travels to the UK. The UK prime minister has resigned.
He performed better than Tinubu but Akin wants to discuss Peter Obi who isn't the president.
Crazy.

[Hon. Sultan Bello @sultanbellojr]

Omokri is an ambassador, Bwala is a presidential spokesperson, and bandits and Boko Haram members are being pardoned. But Sowore was sent to Kuje Prison, El-Rufai remains in detention, while Yahaya Bello, Matawalle, and Ganduje walk free, all under the same administration.

What a time to be alive 🤦🏻‍♂️

[Hon Henry Shield @HonShield]

TINUBU HAS DESTROYED NIGERIA!

[FIFA @FIFAcom]

History is made.

Lionel Messi is the all-time top goalscorer in @FIFAWorldCup history! 🤩🇦🇷

[Dr. Kenon @drkenon2]

Two Failures: the one in UK has resigned while the one in Nigeria continues to campaign for re-election.

[Aisha Yesufu @AishaYesufu]

Every decision I make is about putting the country i love first- Keir Starmer

Those who rigged election to get into office can never relate!

[Morris Monye @Morris_Monye]

If you can’t beat up or get police to arrest thugs in your polling unit, do not come here to complain.

Thugs don’t have monopoly to madness. Social media is not a law court too

We must be hard on election thuggery.

[Zekeri Idris Jnr @IdrisZekeriJnr]

I stand with patriotic Nigerians across the country in condemning the remand of Omoyele Sowore in Kuje Prison.

The Tinubu administration’s relentless assault on civic freedoms and democratic expression is both troubling and unacceptable.

Attempts to intimidate critics, silence dissent, and shrink the civic space will ultimately fail.

The struggle for justice, accountability, and a freer Nigeria continues.

Nigerians shall prevail.

[OurFaveOnlineDoc 🇬🇧 🇳🇬 @OurFavOnlineDoc]

"In 1987, American Express introduced platinum card for 5000 people, here is mine. They later introduced the Black card in 1999 for 1000 people on the planet, here is mine. I had a viable business but going into Politics, it made me poorer." - Peter Obi

[Abuja President ⚖️ @AbujaPresident]

Most of these guys prefers a bad leader from their tribe than a good leader from another tribe.

This is our biggest problem ✍️

[Starco @Starcobaba]

Nigeria under Tinubu is so bad that you can't survive with ₦200k in a month.

Come 2027, it will be either Peter Obi or a revolution.

We cannot endure another four years of this.

[ESPN @espn]

Bro is experiencing prime Messi 😭🔥

[Fabrizio Romano @FabrizioRomano]

👟🅰️ Two assists in two World Cup games for Michael Olise. Both converted by Kylian Mbappé.

[Peter Obi @PeterObi]

Owning Up to Leadership Failures and Political Responsibility

This morning, I listened to the British Prime Minister’s speech announcing his planned resignation in July. As a keen observer of global politics, my primary interest lies in examining what successful nations do right and the structural factors that cause others to lag or struggle with governance and development.

The Prime Minister’s planned resignation comes amid mounting public frustration over a stagnant economy, a worsening cost-of-living crisis, and a perceived failure to honour key campaign pledges.

Looking inward in our dear country, we can recall our own situation. Before 2015, our President on several occasions championed the call for the then President Goodluck Jonathan to resign over economic hardship and insecurity affecting Nigerians. During the Chibok school kidnapping incident, he demanded the immediate resignation of President Jonathan, arguing that the government had failed in its most fundamental duty of protecting lives.

During the 2023 election campaign, President Bola Ahmed Tinubu made several promises, including improved electricity supply. He also challenged the electorate not to vote for him for a second term if he failed to deliver on those commitments—particularly in providing stable power, fighting corruption, and improving the welfare of Nigerians.

At present, however, these conditions have worsened. Electricity supply remains unreliable, insecurity has intensified in many areas, including kidnappings, and economic hardship has deepened rather than eased. Similar concerns are reflected across other critical sectors such as security, infrastructure, transportation, and anti-corruption efforts, all of which have regressed. We are in the worst possible condition.

I, therefore, join Nigerians of goodwill in calling for the resignation of the President over monumental failure in governance. Such a gesture would help enthrone a political culture rooted in accountability and responsibility, rather than further entrenching impunity. It would also send a powerful message that public office is a sacred trust, not an entitlement, and help build a society in which future leaders understand that failure carries consequences. Only by ending the culture of impunity can we secure a better future for the society our children will inherit in a New Nigeria that is possible. -PO

[Fox News @FoxNews]

An overwhelming sea of red flooded the Times Square steps.

Thousands of Norwegian fans packed the heart of Manhattan, breaking into their iconic rowing chant as Norway prepares for its latest World Cup showdown.

[oseni rufai @ruffydfire]

Nigeria’s Power Sector at a Critical Juncture.

The severe liquidity crisis currently affecting the industry is deeply concerning
https://t.co/bs7kgiN7QC, Nigeria’s Generation Companies (GenCos) are owed over ₦7trillion for electricity generated and supplied to the national grid with monthly payments shortfall of N200bn.
2.This debt has accumulated over several years 2015 -2026. Approximately ₦4 trillion represents legacy debt from 2015 to 2024, while the balance has continued to grow due to persistent market shortfalls.
3.Despite making generation capacity available, GenCos receive only about 35% of their monthly invoices, making it extremely difficult to meet critical operational obligations, including payments to gas suppliers, equipment manufacturers, and maintenance contractors.
4.Nigeria currently has an installed generation capacity of about 15,500 MW, with roughly 7,000 MW available for dispatch. However, due to transmission and distribution limitations, the grid typically accommodates between 3,000 and 4500 MW.
5.Electricity generation companies (GenCos) are the foundation of the Nigerian Electricity Supply Industry (NESI).
6.GenCos incur significant costs in gas procurement, operations and maintenance, staff costs, debt servicing, regulatory compliance, and capital expenditure.
7.Despite generating electricity and issuing invoices through the market, a substantial portion of their invoices remains unpaid, leading to growing receivables and liquidity challenges.
8.Nature of the Indebtedness
Government indebtedness arises primarily from:
9.Historical market shortfalls.
Inadequate remittances across the electricity value chain.
10.Subsidy-related obligations.
Delayed settlement of invoices by market participants. Legacy debts accumulated over several years.
The debt has become a major threat to the sustainability of power generation in Nigeria.
Impact on GenCos' Cash Flow
Liquidity Crisis.
1.Revenue received is often insufficient to cover operating costs.
2.Working capital is continuously eroded.
3.Inability to Meet Financial Obligations Delayed payment to gas suppliers.
4.Delayed salaries and employee benefits.
5.Difficulty servicing bank loans and other financing obligations.
6.Increased Borrowing : GenCos are forced to rely on expensive short-term borrowing.
7.Rising finance costs further reduce profitability.
8.Reduced Generation Capacity due to
Inadequate funds for maintenance and overhaul of generating units.
9.Increased forced outages and plant downtime.
10.Gas suppliers are reducing supply due to unpaid invoices.
11.Reduced gas availability directly affects generation output.
12.Expansion projects and capacity upgrades are postponed.
https://t.co/jI1ItgGCTU investments become difficult to attract.
14.Impact on Investors and Financing
Loss of Investor Confidence
15.Existing investors become discouraged.
16.Difficulty Accessing Capital
Banks become reluctant to lend to GenCos.
1.Higher risk premiums result in higher borrowing cost
2.Persistent receivables weaken balance sheets.
3.Asset values and shareholder returns decline.
17. Broader Economic Implications
1.Threat to Energy Security
2.Financially distressed GenCos cannot guarantee reliable power supply.
3.Reduced Industrial Productivity
4.Manufacturers and businesses depend on stable electricity.
5.Poor generation performance increases dependence on self-generation.
Impact on Economic Growth
Reliable electricity is essential for industrialization, employment creation, and GDP growth.
7. Implications for Financial Reporting
Large outstanding receivables may require impairment assessments.
Increased expected credit losses under accounting standards.
Negative impact on profitability and net asset position.
Challenges in presenting a true and fair view of financial performance.
Key Risks Facing GenCos
Insolvency risk.
Loan default risk.
Operational risk.
Regulatory uncertainty.
Loss of critical technical personnel.

[Toluwalashe Adegbola Adelugba @toluaade01]

@ruffydfire Just days ago, we were reading foreign reserve hit $51 trillion. Make them carry N7trillion frm wetin dem tok sae dem add for reserve take pay up the backlog debt owed.

Some billions were allocated for Senator & HoR members, make dem divert dose monies take pay now. Abi wetin

[MaziTundeEdnutfan @originalproflle]

“How can you give me a ballot paper that has been thumbprinted already?”

- HIS BALLOT WAS ALREADY VOTED FOR HIM. A voter in Ekiti State received a ballot paper that was already thumb printed before he even entered the booth.

[Fox News @FoxNews]

"Soccer, it brings us together, but Jesus satisfies us all."

Former pro soccer player and Seattle Sounders chaplain Jesse Bradley says the U.S. Men's National Team's historic World Cup run is capturing attention not just because of the results, but because of the players' willingness to publicly share their faith.

The Americans have won their first two World Cup group-stage matches for the first time since 1930, sparking excitement across the country.

Bradley says the team's Bible studies, prayer gatherings, and message of unity are helping bring people together through a sport that's rapidly growing in the United States.