Earlier today, Lakurawa members brutalised the son of a district head in Sokoto State after he visited another community. He was punished first for having songs on his phone. Then they were unsatisfied with his response about who the ISSP members were that visited his community and dropped letters. He told them all he knew about their coming and the letter left with his father, but they accused him of lying. He was clubbed so badly that his arm broke and he sustained head injuries.
It was obvious that an informant had alerted Lakurawa about the visitor because, the Lakurawa men, on 20 motorcycles, headed straight to the village head’s palace. They forced the village head to lie face down for not informing them of the man’s arrival, especially as they had been in the village since the previous day.
This is another stark example of life in rural communities with little or no state protection.
Every Nigerian needs to pay very close attention to this official press release by the Finance Minister of Nigeria, Taiwo Oyedele. This serves as the direct response by the Federal Government to the International Monetary Fund 2026 Article IV Concluding Statement on Nigeria.
The recent IMF statement on Nigeria is overflowing with glowing praises for the Tinubu Administration and their supposedly brilliant economic policies.
The IMF is loudly cheering for the reunification of the foreign exchange market because the gap between the official and black market exchange rates has remained below 5%, which is absolutely fantastic for foreign investors since they love predictability, guaranteed margins, and zero currency friction. They also excitedly applaud the fact that Nigeria's foreign reserves have built back up, supposedly providing a comfortable cushion against global economic shocks. Finally, the IMF highly commended the Tinubu government's decisions to eliminate deficit monetization (which stopped the CBN from printing money to fund government projects) and to permanently remove petrol subsidies.
Now, the Tinubu Administration, speaking through the office of the Finance Minister, is proudly parading this IMF report like a shiny gold medal. They are framing this praise as an "independent validation" that their brutally painful economic policies over the past few years are finally yielding positive macroeconomic results. The glaring problem here is that this is not something Nigeria as a sovereign country should be celebrating, and this is entirely because of who the IMF actually works for and who dictates their underlying policies. The G7 nations and Western superpowers entirely control the IMF board, and the institution itself exists strictly to protect the financial interests of international creditor nations, massive global investment banks, ruthless hedge funds, and wealthy foreign bondholders. The primary job of the IMF is merely to ensure that the global financial system remains perfectly stable and that struggling developing nations never default on their massive, crippling debts to foreign creditors. Therefore, the IMF works exclusively for the lenders (the global financial-industrial complex), absolutely not for the bleeding borrowers like Nigeria, Ghana, Kenya, or any other struggling African nation.
To see how bad this is, just observe this currency unification being praised by the IMF as a massive win for the Tinubu Administration. They are celebrating simply because the exchange rate is now mathematically stable and investors are finally happy. This is spectacularly good for foreign speculators, but it is deeply catastrophic for us because the currency stabilized at a spectacularly weaker level of N1,400 per dollar, compared to N770 in the black market and N450 in the official rate before this administration took over.
So yes, the currency is technically unified, but at a permanently crippled level. Since Nigeria is a heavily import-dependent economy, this unified weakness has made the cost of food, life-saving medicines, basic hospital bills, school fees, transportation, building materials, imported spare parts, and daily survival astronomical, thereby permanently destroying the purchasing power of everyday Nigerians.
Furthermore, the IMF congratulating the Tinubu Administration on increasing the country's foreign reserves might sound like brilliant news, until you suddenly realize that it is this exact, deliberate policy that violently crippled our local industries. Most of the money that makes up these bloated new foreign reserves was forcefully squeezed out of the removal of petrol subsidies, a move that has deeply suffocated our local businesses, artisans, manufacturers, and logistics companies who rely entirely on petrol generators to survive. But this is not even the full tragic story. Even the bloody change they violently squeezed out of the dying Nigerian middle class was not enough to impress these foreign investors. To aggressively entice them, the Tinubu Administration spiked the base interest rate from 18% up to a staggering 27%. This was no mistake. In the US, for example, when you lend money to the government by buying Treasury Bills, federal bonds, municipal securities, or index funds, the interest you expect to make per year is at most 5%. But the Nigerian government is desperately signaling to these foreign speculators and international bondholders to come drop their dollars in Nigeria, effectively guaranteeing them a massive 27% interest by the end of the year. This might look like a huge economic win as foreign capital flows into the country, but this hot money never ends up in the pockets of ordinary Nigerians. It is never used to build schools, pay hospital bills, subsidize agriculture, fix dead refineries, or reduce house rents. The money just sits idly in the central bank to impress the IMF and World Bank creditors, proving to them that Nigeria is highly liquid and perfectly safe to lend to.
The absolute worst part of this trap is that it is not just the CBN increasing the base interest rates. The commercial banks are naturally forced to aggressively increase their lending rates even higher. Today, some predatory commercial banks are charging desperate businesses as much as 35% to 40% interest on loans. This financial terrorism has forced countless local businesses to drastically cut down production, lay off massive numbers of staff, and permanently close their branches in remote areas across Nigeria, forcing them to operate strictly within the suffocating limits of their own personal, depleted capital. It is practically mathematically impossible to borrow from a Nigerian bank, scale up production, create actual wealth, and employ the millions of struggling graduates in our society when you first have to pay 40% to the bank. Add that to the reunified currency making imports insanely expensive, meaning businesses still have to pay extra for imported raw materials, clear goods at exorbitant customs duties, pay multiple state taxes, and buy the hyper-expensive fuel that spiked in price due to the celebrated subsidy removal.
It is very possible to analyze this insulting press release further, but there is absolutely no need to waste the time. Clearly, this administration should not be celebrating warm handshakes, pat-on-the-back press releases, and polite diplomatic smiles from foreign creditors and international bondholders. They should be focusing entirely on the bleeding Nigerians who are brutally forced to carry the crushing, suffocating burden of these massive economic miscalculations just to please a comfortable, wealthy board of directors at the World Bank and the IMF.
@Chetuyachinago I was discussing this with Madam yesterday. Union Bank is offering 100 million naira mortgage loan at 9.75%, repayable in 20 years via this programme. It is clearly not for the middle/lower class citizens of Nigeria.
Actually the problem started when he openly supported a candidate in the elections before the last which had led Nigeria to this menace.
He directly/indirectly supported the Buhari /Osibanjo ticket.
I’m a redeem member too, but that’s the truth.
They started encouraging youth to join politics, get PVC, vote and all that. They even created a political arm for the church. We all could interpret the undertone.
Buhari’s winning was to a good extent dependent of the redeem Pastor as VP. It was a major campaign point to get vote from Christians.
Suddenly now, the church is apolitical.
I understand Baba is older now and he can’t even do all that. And he probably saw the repercussion of supporting the Buhari /Osibanjo ticket; maybe that explains the stepping back.
But gaslighting people like this is how it’s always been is what is not the truth.
I am not surprised that Atiku has sanctioned a hate campaign against Obi in the North. There was a 2002 U.S. diplomatic cable from the U.S. Embassy in Abuja, released by WikiLeaks, in which Governor Makarfi, in a private conversation with the U.S. ambassador,
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Let me tell you how it happened. Nigeria’s ginger export hit zero from N26 billion within 3 years.
The official story blames fungal blight.
But here is what actually happened. When Nigerian farmers lost their indigenous seed supply, grant-aided interventions arrived with replacement seeds.
An associate professor at Lagos Business School flagged publicly that some of those interventions involved GMO organisms that weakened indigenous crops and compromised soil health.
That is not a conspiracy theory because it is a documented academic concern.
Now that Nigeria spoke got destroyed by the GMO seedlings….what is not the result?
Nigeria was forced to import ginger from China to fill domestic demand. Chinese ginger has none of the pungency, oleoresin content, or quality that made Nigerian ginger a global premium product. And the ginger now sitting in Nigerian markets tastes like wood because it essentially is wood.
The two indigenous varieties that built Nigeria’s global ginger reputation, the Tafin Giwa and Yatsun Biri, had decades of soil relationship and quality built into them.
Once the soil was degraded and those seed varieties were displaced, the product that returned was a pale imitation. Nigeria did not just lose a market. It lost a seed. And without a National Ginger Seed Bank, which nobody has built, it may never fully get it back.
Context being that at the time, there was a running gag about how everytime Aaron Ramsey scored a goal, a famous person died. Famous person being wished death on here was a certain Goodluck Jonathan.
No arrest happened.
Very interesting times.
Nigeria's security agencies had never gone this low! It happened when the Emperor took over office.
The same Abu-Bilal al-Munki that the Army claimed to have killed in 2024, is the same person the US President just executed today.
Does it mean the Army helped fake his death?
Or was it a propaganda on the Army's part?
Questions needs answers!!!
These decisions are not being made by Nigerians. Not even Nigerians are this self-destructive.
I've said all I can possibly say anyway.
Whoever doesn't get it, shouldn't.
This is Engr Esosa Iyawe.
He rode on Peter Obi's popularity to win a place in the House of Reps, Representing Oredo.
After a while he defected to the APC.
Now that APC has denied him return ticket he has defected to the NDC.
He wants to ride Obi's popularity a second time.
I will be campaigning against him personally in 2027.