You appointed a Minister
You sacked that Minister for corruption
Today, you appointed that corrupt person to the Presidential Campaign Council
This government has no morals
Hurts me to say this: Africa will not be saved by entrepreneurship. We cannot vibecode ourselves into the 4th industrial revolution. We still need to industrialize. To achieve this, we need stronger and better public institutions. We need extremely competent leaders at the helm.
Ignoring inflation, it looks like money distributed to states has increased by almost 4x from 2017 to 2025.
But when you adjust for inflation, that story falls apart. The N21.9trn shared in 2025 can’t buy as much as the N5.64trn shared in 2017. That doesn’t look like growth. It’s even worse on a per capita basis, as population has increased.
It’s not all bad news. In real terms, FAAC has grown 2 years running, in 2024 and 2025, on the back subsidy removal. That’s more real money for government to spend to improve the lives of the people they superintend over. Whether they do so is a valid but separate conversation.
P.S: For apples to apples comparison, inflation adjustment does it better than conversion to USD.
He does this at least 5 times every year😂❤️
My type of midfielder
There was a certain year, I think 2022/23 he and Barella were going at it band for band. Damn, I used to love the Serie A back then.
₦21.9 trillion.
That's the net FAAC shared in 2025.
In 2017, it was ₦5.64 trillion.
At the state level, the jump was even bigger. States went from ₦4.8 trillion in revenue in 2022 to ₦15.5 trillion in 2025.
So what happened to all that extra money?
Our analysis found that states spent more on capital projects. But they also spent heavily on salaries and running government, while debt repayments continued to take a sizeable chunk of their resources.
Meanwhile, expenditure share on development priorities like education fell.
We break down how state governments spent in this seeming season of plenty in our report, Nigeria Economic Reform: What Has Changed Across Nigeria’s States.
Read here 👉 https://t.co/ubhwEt7y2t
The President that saw this, didn’t give a single fvck about it and instead decided to pump TENS OF TRILLIONS OF NAIRA into a Coastal Highway is accusing one of his opponents of “…serious ignorance in Gov’t & Economy…”
The irony. Lol
Almost literally, BUHARI’s most immediate action upon becoming POFRON was BAILING out states (yes, ALL of them) so they could pay salaries & settle pension obligations.
All that nonsense about states not paying salaries under Buhari are just that; NONSENSE.
Records are there.
🚨🎙️ | Bruno Fernandes:
"Same mistakes as we did last season, EVERY away game we give too much of the ball to them.
"In the first 20 minutes, the goalkeeper was the one with the most touches."
Guys, we have changed EVERYONE multiples times over but not:
Maguire, Shaw, Bruno and Rashford.
It's not rocket science.
You give power to horrible players and this is what you get.
The subsidy or no subsidy debate is the exact type of debate we should be having with our political leaders.
Turaki should tell us how we will do it and PBAT should tell us what will change, if he gets reelected.
This type of hard conversation should guide how we choose our leaders.