Dear Sunday,
Thank you for your feedback. Yes, Nigeria is an oil-producing country. However, Nigeria is not an oil-rich country. We are an oil poor country.
Please fact-check me: Nigeria makes about $36 billion annually from oil and gas. That is in a good year. If you divide this money by our population of 242 million people, you get less than $150 per person.
If you, Sunday, make $150 annually, can you call yourself rich?
Nigeria also has one of the lowest, if not the lowest, tax-to-GDP ratios on Earth. Nigerians hate paying taxes.
So, out of that $36 billion (and most years, we make less than that), the Federal Government shares the funds with the States and Local Governments, then pays civil servants, maintains the military and paramilitary services, and then builds infrastructure, subsidises university education, and so on.
America is more than 30 times as oil-rich as Nigeria. They make $1.6 trillion annually from oil and gas. Yet, in New York, the richest city in the wealthiest country on Earth, you have over 20,000 roadside street food vendors.
Meanwhile, the same set of Nigerians who refuse to pay taxes (not all Nigerians) have some of the fastest-growing birth rates on Earth. And many times, these same people who reproduce at an exponential rate lack jobs.
And when you counsel them to start a roadside street food business, like selling Akara, these same sets of people will insult you and ask you to tell your own children to sell Akara.
And when it rains, and you also counsel unemployed Nigerians to farm, you will get insulted. Yet, these same people will trend "weather for two" on social media.
And even when you want to engage or even help some of these individuals, their propensity for insult and abuse renders it impossible.
Sunday, think about that.
Thanks again, and may God bless you.
Reno Omokri
Ambassador Designate to Mexico.
OFFICER YERIMA BREACHED THE LAW IN THAT FACEOFF WITH NYESOM WIKE
By Prof. Sebastine Hon, SAN
(Constitutional Lawyer and Author)
Brushing sentiments aside, I hereby condemn in totality the actions of the Naval Officer, A.M. Yerima, who obstructed the FCT Minister from gaining access into that parcel of land, under the guise of ‘obeying superior orders.’ The duty of a junior officer to obey the orders of his superiors, even though strongly upheld in military and paramilitary circles, has its own limitations recognised by no other authority but the Supreme Court of Nigeria. I shall establish this anon.
In the recent case of Onunze vs. State (2023) 8 NWLR (Pt. 1885) 61 at 108 SC, the Supreme Court held emphatically, per Ogunwunmiju, JSC, thus:
“My Lords, the obligation to obey the orders of a superior does not include orders that are palpably illegal or manifestly unjust. Every military or police officer swears an oath upon commissioning. The Oath is not to obey all orders, it is to “preserve”, “protect” and defend the Constitution of the Federal Republic of Nigeria against all enemies, foreign and domestic. When an officer obeys palpably illegal orders, they become personally liable for their actions and would be expected to face court martial or official sanction for the wrongdoing.”
In the earlier decision of Nigeria Air Force vs. James (2002) 18 NWLR (Pt. 798) 295 at 324 SC, Onu, JSC, delivering the lead judgment of the Supreme Court, held firmly, subjugating military personnel to civilian authority and disparaging obedience to illegal orders, as follows:
“See the case of Pius Nwaogu v. The State (1972) 1 All NLR 149 where it was held, inter alia, that "a soldier is responsible to Military and Civil Law and it is monstrous to suppose that a soldier could be protected when the order is grossly and manifestly illegal. Of course, there is the other proposition that a soldier is only bound to obey lawful orders and is responsible if he obeys an order not strictly lawful.’"
The illegality in that order stems primarily from the fact that no service law of the military permits a serving military officer to mount guard at the private construction site of his boss, especially under suspicious circumstances like this. The retired Naval Officer ought, under the circumstances, to have engaged the civil police, if he suspected likelihood of arson or criminal trespass.
Additionally, Barr. Nyesom Wike is the equivalent of Governor of a State – he being the Minister of the Federal Capital Territory, Abuja. More importantly, all lands in the FCT Abuja, by section 297(2) of the 1999 Constitution of Nigeria, 1999 as amended, belong to the Federal Republic of Nigeria. By section 302 of the same Constitution, read together with other extant Acts of the National Assembly, the President of Nigeria has delegated all powers with respect to land administration in the FCT Abuja to the Hon. Minister. Going by constitutional and administrative law, therefore, Mr. Wike stood in loco the President of Nigeria and Commander-in-Chief of the Nigerian Armed Forces on that fateful day. Consequently, even if the superior officer were still in service, he would not disobey Mr. Wike or obstruct him from entering the land. This was an affront to the civil authority of Mr. President.
The Minister’s method may be brash; but it is legal and lawful in all respects. Rather, it is the officer who obstructed him that has breached not just the Nigerian Constitution, but also service and extant regulatory laws. For the avoidance of any doubt, section 114 of the Armed Forces Act makes military personnel criminally liable for civil offences. This means the officer in question could be arraigned before a Court Martial for obstructing a public officer from performing his public duties, et cetera.
In conclusion, celebrating the humiliation of Nyesom Wike, simply because he is a ‘big man’ or simply because he is not liked by certain persons begs the real issue here.
I am an avid traveller, and when I take off on rainy days, it initially surprised me that when the plane ascends above the clouds, you see the big orange sun that you do not see on the ground. And then it hit me. Even on days when you don't see the sun, it‘s still in there. It‘s just clouds blocking your view. Even on the days when you don't feel God, He is still there. It‘s just that doubts block your faith. No matter how strong a cloud is, it must eventually give way to sunshine. That trouble troubling you will itself be troubled by God until it disappears if you do not lose faith!
#RenosNuggets
My people are you available for this game?
4 +4 =8 for president Tinubu.
4+4 = 8 for vice president Shettima.
88 retwets for Jagaban.
88 likes for Shettima. Ire oo. @officialABAT
Sterling Bank Did the Math—and Still Chose the People.
.....They Ditched Transfer Fees.
On Friday Morning, I will open an account at a Sterling Bank Branch in Abuja to reward the bank for removing transfer charges, which other banks have refused to do.
In 2023, I called on the CBN and President Tinubu to ease the burden on Nigerians by stopping the hidden, exploitative charges Nigerians face in the banking system. They didn’t act.
But @Sterling_Bankng did.
They walked away from ₦13.56 billion in transfer charges—4.13% of their total revenue—to give Nigerians breathing room.
Let that sink in:
They gave up over ₦13 billion from transfers alone.
Other banks could, too—but they won’t. Now, consider this: four banks took ₦186 billion (Zenith, GTCO, UBA, and First Bank) from the pockets of Nigerians in transfer fees alone in 2024.
For context 186 billion is more than the combined federal allocation to six federal universities - UNN, ABU, UI, OAU, Unical, and Unilag in 2025 budget and more about 60% of the budget of the 2025 Yobe State (₦320 billion)
Meanwhile, all four banks are posting record profits. Removing transfer fees would hardly dent their revenues:
Here’s what the numbers say:
GTCO: ₦15.47 billion from transfer charges — just 1.22% of revenue
UBA: ₦48.36 billion — 1.52%
Zenith Bank: ₦80.05 billion — 2.02%
First Bank: ₦42.55 billion — 1.41%
These aren’t make-or-break figures for any of them.
They’re just comfortable profits from charging ordinary Nigerians ₦10 to ₦50 per transfer—millions of times over.
The truth?
They won’t stop unless we make them.
Sterling Bank has shown us a better way. They’ve proven that you can run a profitable, tech-driven, modern bank without extracting rent from the people.
So yes, I’m acting. Opening a Sterling Bank account is a statement of values. A protest against exploitation. And a demand for transparency, innovation, and fairness in Nigerian banking.
Let’s make Friday #OpenSterlingAcct Day.
Let your money stand for fairness, transparency, and innovation.
Tag your bank. Tag your friends.
Tell them: We’ve seen the numbers, and we’re done paying for digital oppression.
#SterlingBank #NoTransferFees #RewardGoodBehaviour #BankingRevolution #NigeriansDeserveBetter #VoteWithYourWallet
Osita Chidoka
3 April 2025
ECONOMIC GROWTH & INFLATION RATE — BY ADMINISTRATION
OBJ [8YRS] — GDP grew by 70.8% | Inflation grew by 143.5%
YAR [3YRS] — GDP grew by 22.9% | Inflation grew by 21.9%
GEJ [5YRS] — GDP grew by 34.2% | Inflation grew by 86.7%
PMB [8YRS] — GDP grew by 11.1% | Inflation grew by 219.1%
GDP — Real GDP full year before taking office & full year before leaving.
CPI — Monthly Index at Start and End of Tenure
#Statisense
(GDP Report, NBS)