Olufemi Peter

[Olufemi Peter @OlufemiPeter]

@0DonaldTrumpJr1 12

[Olufemi Peter @OlufemiPeter]

@BashirAhmaad Not all Prophets and Apostles had a clean past. Apostle Paul was a terrorist killing and maiming Christians but he met Jesus Christ on his way to Damascus and his life changed. Salvation or encounter with Jesus Christ usually changes and transform people. From bad to a good man.

[Olufemi Peter @OlufemiPeter]

@kingtundeedunt 8

[Olufemi Peter @OlufemiPeter]

@usanewshq A

[Olufemi Peter @OlufemiPeter]

@Elonpappy 18

[Charlie Kirk @charliekirk11]

President Trump’s first cabinet meeting opens in prayer. Amen.

Generations of America’s leaders have leaned on the leading and providence of God. We need God to lead us now.

Thank you @SecretaryTurner

[Olufemi Peter @OlufemiPeter]

@twuyi68 @ruffydfire They said same of DANGOTE Refinery!!!

[Reno Omokri @renoomokri]

Response To My Beloved Senior, Dele Momodu: Nigeria's Economy Is Not Collapsing. Far From It! 

Dear Egbon Dele Momodu,

I read your open letter to President Bola Tinubu, in which you said, "Our economy has virtually collapsed", among other things. Respectfully, the facts do not support your assertions, and in your open letter, you did not provide any facts. Only opinions. So, please let me present some facts that contradict your opinions. 

Firstly, only yesterday, the International Monetary Fund projected that due to the reforms being undertaken by the current administration, Nigeria will have a 3.1% GDP growth rate in 2024. This is one of the best projections for an African country in 2024, and does not signal an economy that has 'virtually collapsed.'

Secondly, Nigeria had a record high of ₦6.52 trillion trade surplus in the first quarter of 2024. This has never happened before. We routinely had trade deficits in the past. This means that because of the monetary reforms by the current government, Nigeria is now exporting significantly more than it is importing, and the growth is largely in the non-oil sector.

For example, Nigeria is now a net exporter of clement to Europe and a growing exporter of refined petroleum products to Europe and West African states. Ghana, a fellow petroleum exporting country, is largely dependent on LPG from Nigeria. This projects growth, not collapse.

Thirdly, in terms of revenue, all Nigerian states, bar none, have received significantly higher federal allocations since May 29, 2023, than they were receiving under the Buhari regime. Each state now gets at least 45% more federal allocation, with Nasarawa getting almost 100% more and Anambra getting 70% more, whereas their wage bill has not increased.

The above projects economic strength rather than collapse.

Fourthly, according to Financial Derivatives (FDC), with a Return on Investment of 22.90%, Nigeria's Stock Exchange is now the most profitable capital market on Earth, bar none. Please note that. Bar none. The National Bureau of Statistics has also corroborated this. For the first time in our history, the all-share index (ASI) of the Nigerian Stock Exchange crossed the 100,000 mark in 2024.

I would not categorise such growth as collapse, and I am sure investors who smiled to the bank would not either.

Fifthly, capital inflow into Nigeria increased by 66.27% this year. This is probably why Fitch and S&P Global Ratings upgraded Nigeria's economy to a Stable B, and why foreign inflows into the capital market jumped fivefold in the first quarter of 2024 to N93.37 billion from N18.12 billion in the same period last year.

Sixthly, despite clearing the backlog of foreign exchange debts owed to foreign airlines and other foreign investors by the Central Bank of Nigeria, Nigeria's foreign reserve hit a year-to-date high of an estimated $34 billion this year. How can a nation with such a healthy reserve be said to be on the verge of economic collapse?

Finally, the Student Loan promised is now a reality and is being disbursed. That means Nigeria is about to witness a dramatic increase in its human resources, as more youths will have access to education.

Therefore, bearing the above in mind, is it not possible, egbon Dele, that you may have focused too much on assumption and too little on facts to come to your conclusion that Nigeria's economy is collapsing?

Reno Omokri

Gospeller. Deep Thinker. #TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022.

[Olufemi Peter @OlufemiPeter]

@trumprealparody Yes

[Olufemi Peter @OlufemiPeter]

@Ibrahim_s_ahmad @ShehuSani You are so on point!!!

[Olufemi Peter @OlufemiPeter]

@BashirAhmaad Amin, may GOD grant you more years in God’s favor.

[Reno Omokri @renoomokri]

When you say today is a Black Monday for Nigeria, you are cursing yourself, not Nigeria. Nigeria is the largest Black nation on Earth, so what do you expect? A White Monday for a Black Country? Black is beautiful. And the next four years will be blissful for Nigeria and Nigerians. It is only for those wishing evil for Nigeria that the next four years won't be good. I support Waziri Atiku Abubakar and the Peoples Democratic Party. And I support Nigeria. May God bless Nigeria, Yesterday, today and forever in Yeshua's Name.

#TableShaker

[Olufemi Peter @OlufemiPeter]

@getmotivatedng Plus including Kano, Sokoto, kebbi zamfara and Borno even in Adamawa and Oyo state OBI!

[Olufemi Peter @OlufemiPeter]

@abdullahayofel The 1st Yoruba man to rule Nigeria!!!

[Olufemi Peter @OlufemiPeter]

@AreaFada1 Claims like this needs to be investigated by the DSS, if it is found to be through necessary actions should be taken and if found to be false allegation the person who raised this alarm should be arrested and prosecuted. We need sanity in our social media space.

[Olufemi Peter @OlufemiPeter]

@ifygold21 That’s man’s verdict! He might even outlive Mr Femi Falana. The ways of GOD is past finding out. Tinubu might achieve more for Nigeria at this age of his than any Nigerian before him or after him even though they might be younger than him.

[Reno Omokri @renoomokri]

Ordinary bus terminal, Obi did not build in Ansmbra for 8 years. And he wants Lagosians to vote out a Governor who built a metro in 4 years? When a man promises to clothe you, look at the clothes he is wearing. Obi is more naked than Sanwoolu!

#TableShaker #NigerianElections2023

[Olufemi Peter @OlufemiPeter]

@UgwuUgwu17 @renoomokri Prayers in the mosque not campaign!

[Olufemi Peter @OlufemiPeter]

@VictorIsrael_ Magodo, Shonibare Maryland, Orchard place Shasha Akowonjo so many areas that can afford premium rate. Most elite zone. The reason some areas are not given light is bcos they use light & dont pay. Discos buys light and sell 2 Gencos so for them to make it they sell to who can pay.

[winning mentality 🗝️🌟 @deenayaah]

BREAKING NEWS: The person reading this will become the first billionaire in their family.

Retweet to claim it. 🙏🏿