Ojutiti

Ojutiti seeks to promote safe and sane driving 🚘 Follow if you drive or get driven crazy in traffic 🤓

[Mosebolatan @OIOlawale]

I'm honestly tired of @StanbicIBTC

This is the third time they'd be asking me for references on a corporate account I've been operating for over six years

@cenbank I think these guys need to be called to order

[Mosebolatan @OIOlawale]

I’ve thought hard about the twin policies that have caused hardship among Nigerians being

1.Subsidy Removal

2.Floating of the Naira

I’ve asked myself several times if one could have been implemented leaving the other. I’ve also thought about phasing the implementation, but I’ve come to realize that it would have been tough doing one without the and I’ll explain.

Scenario 1: Removing only PMS subsidy
If this was done and the Naira was still pegged, it means the window for round tripping FOREX will still be open. The price of PMS would definitely have gone up like it did in the first few months, and then it means you will need more USD to import PMS. This means all the FOREX you make will be spent importing PMS and the Naira will be on an uncontrollable free fall. It could have exchanged at N3,200/USD last year and PMS price could have been as high as N2,500/L

Scenario 2: Only Floating the Naira
If the fuel subsidy was retained, corruption along the value chain would have stayed with it. PMS consumption dropped by 92% one year! This means if only the Naira was floated, we would still have seen massive imports with smuggling to neighboring countries, which would lead to higher subsidy payments and the economic consequences can only be imagined

Scenario 3: Phasing Either
What we have done at times we had marginally increased PMS prices or devalued the Naira have been phasing and the big elephants in the room had remained.

What Could Have Been Done Better
In my opinion, the policies were in order, but the two major challenges that came with it (food insecurity & high transportation costs) should have been critically addressed especially at the sub national level. This has always been my position.

States should have invested massively in storage and processing, compared to growing more food. 39.7m tons of food goes to waste every year. because we do not store and process them. The amount of food we waste each year can feed 80m people annually, without increasing food production. I’m not against growing more food, but storage and processing are more critical.

The states should also have adopted the CNG initiative for transportation, and launched high capacity buses (like the Lagos BRT buses) and subsidized the cost using electronic payment cards. The system can be supported by trackers on the buses and a blockchain backend for payment tracking, to prevent fraud

If the prices of food and transportation were lower, inflation would not have been as high, and Nigerians won’t have been this impacted

A lot of the work is still at the sub national level.

Oladapo O.I

[Ojutiti @ojutiti]

RT @OIOlawale: I don’t care if it’s imported or locally refined

This is how our gas stations should display their products, so motorists…

[Ojutiti @ojutiti]

https://t.co/GQUgaciFxo

[Ojutiti @ojutiti]

The @followlasg must stop the theft of people’s intellectual work

#EndBadGovernanceInNigeria

[Foundation for Investigative Journalism (FIJ) @fijnigeria]

INTERVIEW: How Lagos Gov’t Stole My Copyrighted Traffic Management Solution — Oladapo Olawale

https://t.co/k9qWToP6LZ

['Fisayo Soyombo @fisayosoyombo]

INTERVIEW: How Lagos Gov't Stole My Copyrighted Traffic Management Solution — Oladapo Olawale https://t.co/XZaREMKKLG

[Ojutiti @ojutiti]

@lagospedia @solagiwa @followlastma This exact same application was developed and presented by us to LASTMA & MOT in 2015 under Gov @AkinwunmiAmbode and even copyrighted

We had several presentations and meetings till 2017

This is an unjust and unacceptable!!!

@jidesanwoolu
@LOFagbemi
@copyrightngr
@fijnigeria

[Mosebolatan @OIOlawale]

Academic Scholar ✅

Boardroom Guru ✅

Cancer Survivor ✅

Ojude Oba Star ✅

Egbon Adugbo ✅

Student + Status + Steeze + Street

It can only be Farooq Oreagba

[Mosebolatan @OIOlawale]

@X_Dailly I bet those tricycles that pulled up beside him before running the light only stopped to insult him

@ojutiti developed an application for @followlastma in 2015 for reporting traffic violations, under @AkinwunmiAmbode but was deployed under @jidesanwoolu without its consent

[Mosebolatan @OIOlawale]

@Mr_JAGs This TMS was never @followlastma’s idea

It was presented to them in 2015 by @ojutiti and they launched it without the consent of the founder

[Mosebolatan @OIOlawale]

@tobicomm Presented a traffic violation app to @followlastma & @lagosmot18 in 2015

After a back & forth for 2yrs, they went silent on us when @jidesanwoolu won and COVID happened

The exact same app was launched e2e in 2023

This is after they wrote us several times to keep re-presenting

[Mosebolatan @OIOlawale]

@Mr_JAGs @Sola_Giwa @gboyegaakosile @Riddwane @gbenga_omo @Gidi_Traffic @lagostraffic961 @lagosmot18 This is all there is to traffic in Lagos based on a survey. We can’t keep building new roads and not ensuring we have the right habits to effectively use them. It’s that simple

[Ojutiti @ojutiti]

This is application is all shades of wrong @TMS_LAGOS 😰😰

@followlastma
@jidesanwoolu
@lagosmot18

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