@doysol_@LaceVine@tokunbo_wahab@GRVlagos Someone just called the attention of the commissioner to something he may not factor into his operation, but you chose to spite.
From Africa’s Largest Economy To Currency Shame: How Nigeria’s Naira Falls Below Zimbabwe’s Currency In Historic Humiliation Under Tinubu https://t.co/GZjrJtK7Si
Accountable Borrowing: The South Africa Example.
I have consistently maintained that borrowing, in itself, is not a bad thing. Every nation borrows. The critical issue is not the act of borrowing, but what the borrowed funds are used for and whether citizens can clearly see and measure the impact of such borrowing in their daily lives.
There is a lot to learn in the open and transparent manner in which South Africa handled its recently secured a $1 billion loan from the New Development Bank, with a clearly defined purpose. Publicly announcing the targeted purpose of the loan for all to know and monitor, upgrading water supply systems, modernising sanitation infrastructure, improving electricity distribution, and strengthening waste management services across eight major metropolitan cities, including Johannesburg, Cape Town, and Durban.
This is indeed what accountable borrowing should look like; the purpose is clear, the projects are identifiable, and the expected benefits to citizens are measurable. Such investments directly improve living conditions, enhance productivity, and stimulate economic growth.
In Nigeria, however, the opposite is the case: public debt has risen dramatically under the current administration, and its deployment is shrouded in secrecy from the people who will indeed pay back the loan. Today, our total public debt has increased from about ₦87 trillion in 2023 to nearly ₦200 trillion.
Yet, despite this unprecedented accumulation of debt, Nigerians are often left without a clear and detailed account of how these borrowings are being deployed to improve critical sectors such as education, healthcare, power, security, and infrastructure.
Borrowing must never become an end in itself. Every loan obtained in the name of the Nigerian people must be tied to specific, productive investments capable of generating economic value, creating jobs, reducing poverty, and improving the welfare of citizens.
Good governance demands transparency and accountability. The government must be able to clearly explain what was borrowed, where it was invested, and what measurable outcomes have been achieved. The ordinary Nigerian should be able to see and feel the benefits of every debt incurred on their behalf.
At a time when millions of Nigerians are struggling with rising costs of living, unemployment, insecurity, and declining purchasing power, fiscal discipline and prudent management of public resources are no longer optional; they are imperative.
Every borrowing decision should answer one simple question: How does this improve the life of the ordinary Nigerian? If that question cannot be convincingly answered, then we risk merely transferring today's burdens to future generations.
A New Nigeria is POssible. - PO
BRICS bank approves $1 billion lifeline for South Africa’s struggling cities | Business Insider Africa https://t.co/VN0C0Xo8zp
"...if you know I have done anything criminal in the past this is the time to bring it out..."
~ Peter Obi on Rufai's Podcast.
".... Releasing those academic.records will do me irreparable damage...."
~Tinubu to a US Federal Court.
One is a man of Character the other is career crímínal
@HQNigerianArmy This is disgraceful.
Army WITH air force, yet no single terrorist killed.
If you can't retaliate the cruesome murder of your generals, you can't protect civilians.
Sustainable Success Is Built on Competence, Integrity, Discipline and hardworking.
On Saturday, I had the privilege of interacting with young entrepreneurs, professionals, business leaders, and members of the emerging generation at the This Generation Conference hosted by Summit Bible Church in Abuja.
Our discussion focused on what it takes to thrive in the marketplace despite prevailing economic challenges. I shared insights from my years in business and public service, emphasizing that sustainable success is built on integrity, competence, discipline, and a commitment to creating value for society.
I reminded participants that no nation develops by consumption alone. Nations progress when their citizens are productive, innovative, and committed to excellence. Our young people must resist the temptation of shortcuts and instead embrace education, skills acquisition, entrepreneurship, and ethical leadership.
The future of Nigeria depends largely on the quality of leadership and enterprise this generation is willing to build. We must move from a culture of sharing poverty to one of creating prosperity through production, innovation, and responsible governance.
I left encouraged by the energy, intelligence, and determination of the young people I met. Their questions, ideas, and aspirations reaffirmed my belief that Nigeria’s greatest resource remains her people.
Together, through hard work, integrity, and purposeful leadership, we can build the New Nigeria that is POssible. -PO
JUST IN: 🇳🇬 IMF has told the Nigerian government to impose fuel and telecom taxes on Nigerians, to increase government revenue.
Nigeria is currently the number 1 country with the lowest quality of life.
If MC Oluomo is captured by terrorist, Tinubu will do what he would not do for a military general. He'll get him out by every means. He cares only for those who protect his interest.
The president is the problem.
11. Whenever a lack arises, your immediate response should be to find where God has already spoken a promise in His Word.
12. As a believer, you are not meant to be at the mercy of unbelievers or the shifting tides of society.
9. The confession over which Christ Jesus, our High Priest, mediates is the confession of our redemption. - Hebrews 3:1
10. When God wants to lift a person and make them great, He always starts by giving them a promise. - II Peter 1:3&4
8. God cannot transform your life until you master your mouth; your speech dictates the course of your life. We see this in Luke 1:18–22, where Zechariah’s mouth was literally silenced by an angel so his doubt wouldn't abort God's plan.
7. Death and life are in the power of the tongue (Proverbs 18:21); the demise most people experience today has been spoken into existence by their own words. When you speak failure, you experience failure.