Maami

Abusive words attract mute.
Talk only about what you know.
When it is good, acknowledge it.

[Maami @mfat2011]

The easiest job is 'Complaining and Criticising'. Many people (can) do it.

The difficult one is fixing a problem. Only a few do it.

[Maami @mfat2011]

Approbating and reprobating at the same time isn't an objective take.

In economic devt analysis, every positive has its negatives; taught in economics as part of elementary 'macroeconomic objectives'.

What you do and it's outcomes is what's important to you at a point in time.

[Chetuya Chinagolum @Chetuyachinago]

It is highly interesting and deeply ironic that Nigeria is currently being paraded as having the "world's best-performing stock market."

To put statistical illusion into clear mathematical perspective, South Korea comfortably has over 200 publicly traded companies with an individual market capitalization exceeding $1 billion USD. In stark contrast, the total number of companies on the Nigerian Stock Exchange with a market cap exceeding that same $1 billion mark sits at a measly, fluctuating 11 to 18. Furthermore, the South Korean Stock Exchange is home to over 2,500 listed companies, whereas the entire Nigerian stock exchange is struggling to maintain even 150. To make matters infinitely worse, the annual revenue of just one single South Korean conglomerate, Samsung, comfortably exceeds the entire, devalued annual Gross Domestic Product (GDP) of the Federal Republic of Nigeria.

So, it is obviously completely insane and deeply delusional to imagine that Nigeria is genuinely outperforming the rest of humanity in its actual economic output, industrial productivity, or stock market indices. Nigeria is currently the undisputed poverty capital of the world, where small businesses are collapsing by the dozens every single day. So that begs the question: what does this glowing market report actually mean for the ordinary people of Nigeria?

Well, for one, if a struggling, debt-ridden developing nation suddenly starts to heavily outperform advanced, highly industrialized nations on its stock exchange, it is actually a massive, flashing red indicator that the country in question is facing a severe and monumental hyperinflation. Nigeria is currently experiencing historic, record-breaking inflation, so this stock market boom is merely an indicator that wealthy oligarchs, institutional investors, and local investment banks have smartly recognized that if they hold their cash in standard bank accounts during this highly volatile period, they will lose their purchasing power every single day. Since they cannot easily access scarce foreign currencies like US dollars or Euros due to strict government currency controls, they desperately dump their fast-depleting Naira into solid, tangible local stocks like Dangote Cement, BUA Group, or MTN Nigeria just to preserve their wealth.

So, this triumphant news report that we are passionately commanded to celebrate is actually a terrifying warning sign that Nigeria is experiencing severe, runaway inflation. The local elites, corporate cartels, and bank directors are frantically tripping over themselves to buy blue-chip local stocks strictly to hedge against currency collapse, and this sudden, desperate surge in local demand has artificially driven up the prices of these shares to such a disproportionate, heavily padded percentage that on paper, it looks much more profitable to invest in the Nigerian stock market than in the highly productive, technologically advanced South Korean stock exchange.

Another major reason for this artificial stock market spike is the aggressive, reckless increase in interest rates by the Central Bank of Nigeria on behalf of the IMF and the World Bank. While this brutal rate hike has successfully collapsed thousands of local manufacturing businesses because commercial banks are now charging as high as 40% interest on business loans, it has also temporarily attracted a massive influx of volatile "hot money" from foreign speculators who are lending money to the Nigerian government by purchasing short-term treasury bills and sovereign bonds just to greedily exploit these high yields.

It is crucially important to historically emphasize that Nigeria is absolutely not the only developing country to be declared the "best-performing stock market in history." Mexico proudly achieved this exact same fraudulent title in the run-up to 1994, and it ended up almost collapsing their entire national economy into absolute oblivion. At the time, the Mexican government, acting on the strict advice of the World Bank, aggressively increased interest rates and adopted painful Structural Adjustment Programmes that triggered massive hyperinflation across the country. This temporarily, artificially increased their foreign reserves as yield-hungry international speculators dived in to exploit these high interest rates, causing their local real estate markets and stock exchanges to explode into a virtual goldmine for foreign investors. But this artificial boom did not even last for a few years. The moment the United States Federal Reserve increased its own interest rates, international investors panicked, liquidated their assets overnight, and pulled their hot money completely out of Mexico. This massive, sudden capital flight almost collapsed the Mexican Peso, forcing their desperate government to raise domestic interest rates to an astronomical 70%, but even this extreme measure was not enough to save the country from descending into total state failure. This was the exact moment Mexico was forced to accept a humiliating, sovereignty-destroying bailout from the IMF and the United States totaling a massive $57 billion. Exactly $20 billion of that came directly from the US treasury, but it came with the highly insulting, neocolonial condition that all revenues from the global sales of Mexican state-owned oil must be deposited directly into the Federal Reserve Bank in New York City as collateral to secure the debt, while the IMF forced even more brutal, structural adjustment programs on Mexico that the country has still not fully recovered from even to this very day.

So, while this stock market boom is currently being heavily marketed as another monumental, ground-breaking macroeconomic achievement by the Tinubu Administration, it is in reality extremely dangerous, deceptive, and reckless. Not only does it completely fail to reflect the actual, material reality on the ground, which is that Nigeria is currently the bleeding poverty capital of the world, but this exact, artificial economic bubble has the direct, terrifying potential to completely collapse the Nigerian economy, trigger massive capital flight, and permanently reduce the country to a subservient, bankrupt puppet state run entirely by the harsh austerity measures, economic dictates, and financial chains of boardroom terror organizations like the IMF and the World Bank.

[Maami @mfat2011]

Food
Shelter
Clothing

Needed and Used everyday by virtually every living being, aren't the most valuable to the living.

Those created by a few for a privileged few are of more value.

What does this say about the human concept and measure of value?

[Global Statistics @Globalstats11]

Most Valuable Industries in 2026

1. 💻 Tech - $53.8 Trillion
2. 🖥️ Tech Hardware - $26.1 Trillion
3. 🤖 AI - $22.4 Trillion
4. 🔲 Semiconductors - $21.1 Trillion
5. 💰 Financial Services - $20.4 Trillion
6. 📱 Electronics - $17.1 Trillion
7. 🧑‍💻 Software - $16.5 Trillion
8. 🏭 Manufacturing - $15.9 Trillion
9. 🏦 Banks - $14.7 Trillion
10. 🌐 Internet - $13.2 Trillion
11. ⚡ Energy - $13.1 Trillion
12. 🚗 Automotive - $10.7 Trillion
13. 🧬 Biotech - $8.8 Trillion
14. 🛢️ Oil & Gas - $8.6 Trillion

Source: CompaniesMarketCap

[Maami @mfat2011]

... and over a period of 20years.

[Adam 🎓 @Huntersavant]

La plus grosse dinguerie c'est quand j'ai appris que si on emprunte 100 000€ à Ia banque avec 5% d'intérêt on doit pas rembourser 105 000€ mais exactement 158,380€ au final

Moi je pensais qu'on remboursait juste 5% de la somme en plus ptddr c'est quoi cette arnaque ?????????

[Maami @mfat2011]

"A functional Nigeria will require functional citizens."

[Tadé Makinwa @MackOmotade]

Whenever Nigerians gather to discuss the country’s problems, one phrase is almost guaranteed to come up:

“We just need a functional system.”

I hear it everywhere. In interviews. On social media. In taxis. At conferences. In political conversations. At some point, I stopped listening to the phrase itself and became more interested in the people using it.

So one day, I asked someone a simple question:

“What exactly is a functional system?” And he couldn’t give an answer.

That conversation proved that many people use the phrase because it sounds intelligent, not because they truly understand what it means.

A system is not magic. A system is simply a structure made up of rules, institutions, processes, incentives, consequences, and people who consistently make those things work.

A functional system is one where the rules are largely predictable, institutions perform their responsibilities, excellence is rewarded, incompetence has consequences, and the average citizen understands that there are standards that cannot be negotiated.

Now let me say something uncomfortable.

Many Nigerians say they want a functional system, but the truth is, many are not yet prepared to live in one. If you think I’m lying think about it.

The same people who complain about corruption but become excited when they know someone “at the top” who can bend the rules for them, they are also the same people who will make excuses for fraudster and yahoo yahoo.

They criticize politicians for nepotism but call their uncle to secure jobs they are not qualified for. They want law and order until the law applies to them. They want accountability until they are the ones being held accountable.

That is not a desire for a functional system, that is a desire for a system that works only in your favour.

In a truly functional system, you do not drive against traffic because you are in a hurry. You do not skip queues because you know someone. You do not evade taxes while demanding world-class infrastructure. You do not bribe your way out of offences. You do not submit fake certificates. You do not forge documents. You do not throw refuse into drainage and then complain about flooding. You do not expect electricity without paying for it. You do not ignore building regulations and then blame government when buildings collapse.

A functional system is expensive, not necessarily because of money, but because of discipline. It demands that everyone, rich or poor, connected or unknown, submits to standards. It inconveniences everybody equally, and that is why many societies appear orderly, not because they have angels living there, but because the cost of breaking the rules is often higher than the benefit.

Sadly, many of the people who loudly demand a functional system have built their own success around dysfunction. Some businesses exist only because of these loopholes , some careers thrive because merit is absent, some fortunes were built through regulatory loopholes.

Ironically, if Nigeria suddenly became completely functional tomorrow, many people currently celebrating their success would struggle to maintain it.

This is why I believe our conversation must mature. Yes, government has enormous responsibilities, institutions must improve, and leadership matters.

But systems are also strengthened, or weakened by the everyday behaviour of citizens.

A nation where millions of people constantly look for shortcuts cannot magically produce world-class institutions.

The same values that destroy homes eventually destroy organisations. The same attitudes that weaken organisations eventually weaken nations.

A functional Nigeria will require functional citizens.

Perhaps we should start asking:

“Are we becoming the kind of people who can sustain a functional system?”

Because systems do not exist independently of people. People build systems. People protect systems. And ultimately, people either strengthen them, or destroy them.

#Tadé
#iyawooga
#refinedlady

[Maami @mfat2011]

"In national politics, the moment a candidate trades a unifying, reform-minded message for a victim narrative built on regional fault lines, they significantly lower their ceiling of support"
- Gemini

[Osas @osazenoo]

I had a case recently at the airport. I park illegally and they came to lock my car. I told them other cars were guilty as well so why lock my own car. I even told them it is me Obi but they they didn’t give me preferential treatment. - peter Obi

In other words, you broke the law, but were expecting preferential treatment because you are above the law or because others broke the law too. Is this the law and order you preach Oga?

[Maami @mfat2011]

And by the way, do these pitchers have someone that prepares them ahead of their appearance

or

have a template of minimum business information and analysis that must be done to qualify for a pitch appearance?

[Maami @mfat2011]

These are students still learning, while doing this as side hustle.

They are not going to have the full knowledge and cutout of the business consultants; and highly unlikely to go deep into calculating WACC 😬

Guidance and refinements are what they need, not throwing them out.

[Tuchel @Officially_Kriz]

Continuation

[Maami @mfat2011]

Not discussing whether it was a Right or wrong field decisions

but

this below obviously is not an informed statement; not from anyone that knows about sports generally, including football.

In sports, Umpires can significantly influence the outcome of a match.

[Mr Bayo @mrbayoa1]

It’s not FIFA that made Egypt concede 3 goals to Argentina in less than 15 minutes. The referee and VAR were spot on in this match.

Egypt were poor. It’s as simple as that.

[Maami @mfat2011]

If the solution was a game, then it is a never-ending engagement.

A counter-game can always override the existing one.

What if the buyers are offered instant gratification in the form of a 'cash-payment discount', instead of them waiting for a lottery draw for a win.

🤷🤷

[Aakash Gupta @aakashgupta]

Taiwan solved tax evasion in 1951 with a trick so cheap it should embarrass every tax authority on the planet.

The problem was an all-cash economy full of small shops. A merchant pockets the cash, skips the receipt, and the sale never existed. Auditors can't catch what was never recorded, and hiring enough of them to watch every noodle stand costs more than the missing tax.

So finance chief Ren Xianqun flipped the incentive. Print a lottery number on every receipt. Draw winners every two months on live TV. Top prize today: NT$10 million, about $310K.

Suddenly the customer and the shopkeeper want opposite things. The merchant wants the sale off the books. The customer wants the ticket. And there are millions more customers than merchants. Every transaction now carries a built-in witness demanding the paper trail.

Year one, reported tax revenue jumped 75%, from NT$29 million to NT$51 million. Seventy-five years later, roughly 70% of Taiwanese still play. Convenience stores redeem the smallest NT$200 prizes at the register, so even a coffee receipt feels like a scratch card.

The elegant part is what the audit force costs. The prize pool runs about NT$7 billion a year, roughly $20 million. In exchange, the government gets 23 million unpaid auditors working every checkout line in the country, forever. No inspector general on earth delivers that coverage at that price.

Greece, Italy, Portugal, and Slovakia all copied it. The most effective compliance tool ever built looks like a game, and that's exactly why it works.

[Maami @mfat2011]

Seems in today's world,

awards are wrapped up as competition

to draw public emotions and make people participate

in events that the outcome have been predetermined by the organizers.

[Maami @mfat2011]

"... and Lagos Island will become desolate"??

Nature does not operate in, or allow a vacuum.

Voids are naturally filled.

[Opeyemi @OpeyemiDrift]

When Lagos island rent and flooding gets out of hand, the rich will move to Ikeja, Surulere and Ogudu.

The struggling occupants of Ogudu, Surulere and Ikeja will be pushed to Ikotun.

Those in Ikotun will move to Sagamu.

Sagamu folks will move to Ikire.

[Maami @mfat2011]

Institutional Assumption Transfer.

If you know it, and have seen it, there are certain questions you may not ask when a large-scale fraud is uncovered and being investigated.

But for those that do not know, it is 'impossible' and 'cannot happen' 😁

[Maami @mfat2011]

Going round in circles.

The CoA was the final court in Governorship election matters some years ago, before it was changed to become a SC matter.

[Tolu Ogunlesi @toluogunlesi]

One of the Constitutional Amendment Bills being proposed seeks to lessen the burden on the Supreme Court by ensuring that the Court of Appeal becomes the final arbiter on "all chieftaincy matters, all matrimonial causes, all family matters and all land matters."

- as well as in all "election petitions and pre-election petitions" relating to Governorship elections.

This will of course not apply to any pending appeals in the Supreme Court or any pending applications for leave to appeal to the Supreme Court.

[Maami @mfat2011]

Under current policy, those that completed JSS level education are not to be categorized as 'out-of-school'. It is the design of the current educational system.

---
FG to scrap JSS-SSS separation policy, cites 20 million school dropouts https://t.co/JbOmcMBh0h

[Maami @mfat2011]

A JSS graduate is not to be counted as 'out of school child' under the 6-3-3-4 system of education.

That's what the system is designed to be - get the compulsory education of 6-3 and the rest as optional.

Out of school children are those that should be doing the 6-3 but are not

[𝑴𝒂𝐳𝐢.𝐍𝐧𝐚𝑬𝒎𝒆𝒌𝒂🇳🇬 @EmmyPromise71]

This headline is highly misleading. I read the full statement from Hon. Minister of Education, Dr. Tunji Alausa.

He didn't in any way announce that JSS and SSS have been scrapped. What the Ministry approved is a proposal to extend compulsory basic education from 9 years to 12 years while retaining the existing 6-3-3 structure.

The whole idea is to remove the transition barrier between JSS and SSS that has left millions of Nigerian children out of school. According to the Minister, Nigeria has about 80,000 public primary schools but only about 15,000 junior secondary schools.

That gap alone has created a major bottleneck, with about 24 million children entering primary school but only around 4 million making it to the end of senior secondary education.

The reform is aimed at keeping children in school longer, reducing dropouts, strengthening vocational and entrepreneurial education, and giving every Nigerian child a better chance of completing basic education.

The real conversation should be whether states are ready to provide more classrooms, teachers, and funding to make it work, not misleading people into believing JSS and SSS have been abolished.

You can do better, Yabaleft!!!

[Maami @mfat2011]

Oftentimes today's people blame yesterday's people for introducing a near unitary system of govt.

Recent events and utterances suggest today's people would have done a similar thing if they were there yesterday.

Many seem to derive joy in wailing than looking for solutions.

[TheCable @thecableng]

"Nobody ever conceived the idea of state police to sort out security. If the police, military, cannot solve security situations in Nigeria, I wonder how the state police will be able to do that. All that we know is that the president and governors are looking for state police before the elections so that they can use them as political thugs to attack the opposition." — Buba Galadima

[Maami @mfat2011]

Great exploits!

But all these have got nothing to do with playing football or basketball.

Only Gwaragwara moves is beautiful for playing golf.

[Laurence Blair @laurieablair]

Never underestimate Paraguay. This is a nation that:

🇵🇾 Still speaks Guaraní despite 300 years of Spanish rule

🇵🇾 Defied Portuguese slavers for 150 years

🇵🇾 Survived a 🇧🇷🇦🇷🇺🇾 invasion that killed half its population

🇵🇾 Defeated Bolivia in the Chaco War

🇵🇾 Outlasted a 35-year dictatorship

A “third-class team”, as German commentators claimed? Should have read some history 😎

[Maami @mfat2011]

But when it comes to govt appointment, you want to 'bring diaspora experiences' to 'serve the people'. 😁😁

Democracy is a beautiful thing.

It reveals a lot about people mindsets.

[Tahir Abubakar M. 🇳🇬🇵🇸 @mni_JJ]

NYSC should be reserved for the poor masses who are graduates of Nigeria. You don't expect me to graduate from a top foreign university and be made to stay in the NYSC camp for 6 weeks learning something I can teach the teachers. The less privileged should be empowered through the scheme.

[Maami @mfat2011]

Mat 5:44

[DejiChukwuNonsoAnubi @DejiAnubi]

@biyibjorn Lol. A fellow brother in Christ, maybe i was too quick to respond and i withdraw my statement. My point being that my lived experience in Lagos has near zero yoruba touch points. Everyone has different experiences. And i don't consider my version of Lagos to be ethnic.

[Maami @mfat2011]

Farming engagement with curses and foul language:

Dear @elonmusk and @X
Is there anything you're doing about this?
To not reward bad behaviour?

Or it is okay in 2026 to earn from 'having talent for' curses and foul language

On real people?