If you do the maths, ₦3.14 trillion in three months is roughly ₦34 billion every day going to service domestic debt.
And this is happening while Nigeria is still borrowing to finance its budget.
Our 2026 budget analysis projects that the Federal Government will spend ₦15.81 trillion servicing debt this year. That’s almost half of the money it expects to earn.
It’s no longer about how much Nigeria owes. It's what Nigerians are getting for all this borrowing.
On the first of January, 2012 when Goodluck Johnathan declared removal of Subsidy, he rolled out Subsidy Reinvestment - Program (SURE-P) not rice plus it wasn’t years or months after, they rolled it out after careful planning before declaration.
That’s how a leader moves. Bola Tinubu isn’t special and not doing any “special reform”
Nigeria removed subsidy like a man removing his roof because thieves were stealing the zinc.
Now rain is beating everybody.
Fuel is expensive. Power is expensive. Transport is expensive. Production is expensive. Life is expensive.
The problem was never subsidy tbh. The problem was and has always been corruption.
Bring back smart subsidies for power, transport and production. Target them. Audit them. And most importantly, ensure bad actors end up in Jail.
You cannot tax, tariff and reform a poor country into prosperity.
First you need to make it cheaper for Nigerians to build, produce and grow.
Then talk to us about economic stability.
A lady on twitter went on Lawma portal to check how refuse is collected only to find over 200 companies registered for collection and disposal shared among all the LGAs. After digging deeper she found a beauty salon amongst those companies including some companies having over 10 proxies so whenever you complain about the abysmal waste collection system just remember that that job has been shared amongst their friends and relatives who have no business with waste collection.