Olivia
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The Royal Lagos Chronicles
@wealthcomehome
Preserving Lagos’ authentic royal heritage through cinematic storytelling, historical research, and the correction of enduring historical inaccuracies.
Lagos / Nigeria
Joined July 2011
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“Subsidy restoration is a demonstration of serious ignorance of governance and the economy.”
Mr President, let’s not make this sound as if anyone calling for relief at the pump is economically illiterate.
There is a strong fiscal argument against returning to the old, blanket petrol subsidy. The World Bank estimated that subsidy removal could generate over ₦11 trillion in fiscal gains between 2023 and 2025, while also warning that the reform would cause painful price increases and that vulnerable households needed protection.
So yes, simply bringing back the old system without fixing its leakages would be poor economics.
BUT HERE IS WHERE GOVERNMENT MUST ANSWER THE HARD QUESTION:
Where did the savings go?
In July 2026, the Finance Minister said much of the savings from subsidy and FX reforms had been absorbed by higher debt-servicing costs and increased government spending.
Meanwhile, Nigerians are still battling high living costs and weaker purchasing power. Recent reporting has highlighted the severe cost-of-living pressure following the reforms.
So instead of dismissing subsidy restoration as “ignorance,” let’s have an adult economic debate:
If you remove a subsidy that was costing trillions, what exactly are you replacing it with to protect the ordinary Nigerian?
Targeted transport support?
Cheaper public transportation?
Cash transfers?
Mass transit?
Lower taxes?
Higher wages?
Productive investment?
Subsidy removal can be economically defensible. But subsidy removal without sufficient protection for households can also be socially devastating.
The World Bank itself has consistently made that distinction.
So, Mr President, don’t insult the question. Answer the question.
If the old subsidy was unsustainable, fine.
Show Nigerians what replaced it, and show us where the savings went. 📊🇳🇬
Because ultimately, an economic reform is judged not only by how much government saves, but by whether the economy eventually makes ordinary citizens better off.
Deputy Governor, Sir! the 40% rule sounds good in an economics textbook. Lagos housing market is where the problem begins.
Yes, spending 40% of income on rent is financially heavy. But telling young Lagosians to simply “choose a modest apartment” ignores the brutal reality of the housing market.
Let’s do the mathematics:
If a young worker earns ₦200,000 monthly, 40% is ₦80,000.
Where exactly in Lagos are you getting a decent, safe apartment for ₦80,000 a month especially when landlords often demand one or two years’ rent upfront, plus agency, legal and other charges?
And if someone earns ₦150,000, 40% is only ₦60,000.
So the real question isn’t only:
“Why are young people spending too much on rent?”
It’s also:
“Why has decent housing become so expensive relative to Nigerian wages?”
The National Bureau of Statistics’ inflation data has repeatedly shown significant increases in housing, water, electricity, gas and other household costs. Meanwhile, Nigeria’s minimum wage is ₦70,000.
So yes, young people should live within their means.
But government also has a responsibility to increase incomes, expand affordable housing, improve public transportation and reduce the cost of living.
And please, living with your parents or cousins is not an economic policy. 😂
For some people, it’s cultural. For others, it’s simply because they cannot afford independent accommodation.
Don’t lecture young Nigerians about choosing cheaper houses while the housing market is pricing them out. Fix the supply side too.
The 40% advice is financially sensible.
But without affordable housing and better wages, it risks becoming another case of telling Nigerians how to survive instead of fixing why survival is so expensive. 😤🇳🇬
But seriously, if students are accessing NELFUND support, that’s not necessarily bad news. The bigger issue is awareness and responsible use.
Parents should know whether their children are receiving student loans or other support, and students should understand the terms instead of treating every disbursement as free money.
Education financing is supposed to help students stay in school, not create a surprise family debt meeting after graduation. 😂
So parents, check on your children ooo…
“My son, how is school?”
“Fine.”
“And NELFUND?”
“Daddy, who told you?” 👀😂
😂 This is one of those moments Nigerian politics will make you pause and say: “So na this same Nigeria we dey talk about?”
Governor Adeleke, after winning Osun, says he came to thank President Tinubu for allowing a free and fair election and for defending democracy.
And honestly, credit where credit is due.
If the President genuinely allowed the institutions to work and did not use federal power to force an outcome for his party, that is exactly what Nigerians should expect from a democratic President.
Adeleke winning an election while openly acknowledging Tinubu’s role is also a good reminder that political opponents don’t have to be permanent enemies.
But let’s take the lesson further:
If democracy is good when your candidate wins, it must remain good when your candidate loses.
Free and fair elections shouldn’t be a favour from the President.
It should be the standard. 🗳️🇳🇬
So, Mr President, if Osun has demonstrated that the people can speak freely, let that same spirit continue into 2027.
And Governor Adeleke, congratulations once again.
You have won the election. Now make the renewed mandate worth defending.
AFTER THE ELECTION, GOVERNANCE MUST COME FIRST
The Osun election is over. Ademola Adeleke has received another mandate, and now the political fireworks should give way to the real work.
What I find interesting is what happened afterwards, the Governor’s engagement with Nyesom Wike at the FCT and his interaction with President Bola Ahmed Tinubu.
To me, there is something positive about this.
Politics should not mean permanent hostility. You can belong to different political camps and still build relationships that benefit your people.
And the sincere advice reportedly given to Adeleke by President Tinubu is one I believe he should take seriously:
Don’t become complacent because you have won. Use the second mandate to do more, improve what needs improvement and leave a stronger Osun behind.
To be fair, Adeleke did some things well in his first term.
The improvement in road infrastructure in several areas deserves recognition. The attention to street lighting and other public works is also something residents can assess for themselves. And, importantly, the regular payment of workers’ salaries is an achievement that should not be dismissed.
A worker receiving his full salary on time is not politics, it is livelihood.
But a second term should not simply be “continuation.”
It should be continuation + improvement.
Continue the good roads.
Continue timely salaries.
Continue infrastructure development.
But go further:
More jobs.
Better healthcare.
Stronger education.
More investment.
More support for businesses.
Better rural roads.
Greater transparency.
The people have already spoken with their PVC.
Now, Governor Adeleke has four more years to make the people who voted for him even more confident in their decision, and to win the respect of those who didn’t.
Election victory is the reward for yesterday’s work. Governance is the test for tomorrow’s legacy.
Congratulations once again, Governor Adeleke.
The mandate has been renewed. Now let the good work continue, and let it get even better. 🇳🇬👏🏾
#osunpolitics #goviral #NigeriaWillBeOK2027 #osundecide
And this is only building materials ooo. 😂
Let’s move to rice, beans, transport, electricity, cooking gas, school fees, rent and other essentials.
Then comes the most important economic question:
What happened to incomes?
The national minimum wage moved from ₦30,000 to ₦70,000, but that increase has to be measured against the enormous rise in the cost of living. In March 2026, the cost of a healthy diet alone consumed more than 80% of the ₦70,000 minimum wage in several states. (Sahara Reporters)
So as an economist, I wouldn’t simply ask:
“Did the economy grow?”
I would ask:
“Did Nigerians’ purchasing power grow?”
Because if my salary rises from ₦100,000 to ₦150,000 but the cost of everything I buy rises by 100–200%, am I actually richer?
That is the real test of economic reform.
The President may have valid arguments about the long-term benefits of his reforms. But government must also acknowledge the short-term pain and erosion of purchasing power that households have experienced.
So let’s put politics aside and compare the numbers honestly:
2023 prices → 2024 prices → 2025 prices → 2026 prices.
Then put 2023 income → 2026 income beside them.
If purchasing power has improved, show us.
If it has deteriorated, acknowledge it.
Because the ordinary Nigerian doesn’t live inside a GDP report. He lives inside the market.
And that is where economic policy ultimately gets its report card.
As an economist, I would say this deserves neither blind applause nor automatic condemnation. The important thing is to interrogate the numbers.
A reform is not successful simply because government says it is successful. The real test is what Nigerians can actually feel in their pockets.
If the government says the reforms have:
* increased revenue,
* stabilised the naira,
* reduced fiscal pressures,
* attracted investment,
* improved production,
* and prevented even greater economic damage,
then show us the data. 👀
But the scorecard must also account for the cost of adjustment:
How much purchasing power did households lose?
How many businesses struggled or closed?
What happened to food prices?
What happened to unemployment and real wages?
How much has debt servicing consumed?
Are ordinary Nigerians actually becoming more productive and prosperous?
Because economically, GDP growth and macroeconomic stability are important, but they are not the same thing as improved living standards.
I welcome the idea of government publishing a Reforms Scorecard. In fact, Nigerians should demand more of this.
But don’t give us only the victories.
Give us the real losses. Give us the real trade-offs. Give us the real baseline. Give us the targets. Give us the real failures. Give us what remains unfinished, and make it opendential for all to see👀
Then economists, businesses and ordinary Nigerians can judge the reforms objectively.
If the numbers are good, Nigerians will see them. If the numbers are bad, Nigerians will also see them.
That, to me, is what a genuine economic scorecard should look like.
No propaganda. No opposition mathematics. Just the numbers. Let the data speak.
let’s bring this economic scorecard down to the street.
Before you assumed office in 2023, how much was a truck of sand?
How much was cement?
How much was iron rod?
How much was roofing sheet?
How much did it cost to build a three-bedroom house?
Now compare those prices with what they cost when you came into office and what they cost today.
😂 Wike has basically confirmed what many Nigerians wanted to hear: President Tinubu chose neutrality in Osun.
“If the President wanted to win at all costs, I would have been involved…”
Translation: “If Abuja had entered this one with full political machinery, Osun for don hear am.” 😂
But seriously, if President Tinubu deliberately allowed INEC and the voters to determine the outcome without federal interference, that deserves credit. And the result is even more interesting: Adeleke won and has now publicly thanked Tinubu for allowing a free and fair process. That is how democracy should work. You don’t have to lose power for democracy to win.
President Tinubu didn’t need to force an APC victory to prove his political strength. Sometimes the strongest political statement is allowing the people to speak even when the result doesn’t favour your party. 🗳️🇳🇬
Now, let’s keep that same standard for 2027 and every election after it. 👏🏾🔥
😏 This is one warning Nigerians should actually take seriously.
Former President Jonathan is basically saying: security agencies should secure elections, not become political accessories.
Because let’s be honest, when a state suddenly gets flooded with security personnel during an election, the question naturally becomes: Are they protecting voters, or intimidating them? 👀
Security is necessary. Nobody is arguing against that. But the security presence must be neutral, proportionate and professional.
APC should not get an advantage from security machinery. PDP should not get an advantage. ADC should not get an advantage. The only person security agencies should be working for on election day is the Nigerian voter. And the funniest part? Every party complains about security deployment when it suspects the deployment favours the other side.
So let’s establish one rule:
Don’t bring security forces to win elections. Bring them to protect elections. That’s the difference between securing democracy and militarising democracy. 🇳🇬
@Excellentsalvic 😂😂 First thought? “Who sent these people to the swimming pool like this?”
@Excellentsalvic This na boko haram oooo
😂 This is a good warning, but Nigerian politics needs to hear it from EVERYONE, not just during election season.
No politician should turn tribe or religion into a weapon just to collect votes.
But let’s be honest:
“Don’t divide Nigerians by ethnicity.” 👏🏾
“Don’t weaponise religion.” 👏🏾
“Don’t exploit primordial sentiments.” 👏🏾
Now the real test is: will political actors, including those in government, practice what they preach when the campaign begins? 👀
Because Nigerian politics has a funny habit:
When it helps us → “Our people must support us.”
When it hurts us → “Stop ethnic politics!” 😂
Let’s have one standard for everybody.
No ethnic mobilisation. No religious intimidation. No hate speech. No voter manipulation.
Come to the people with performance, competence and ideas.
2027 should be a contest of what you can do for Nigeria, not which tribe or religion you belong to. 🇳🇬🗳️🔥
😂 Davido said: “Delete the tweet.”
Davido: “No, sir.” 😭
Senate President calls.
Dangote calls.
Davido: “Until INEC declares my uncle, the tweet stays.” 😂📱
Omo, this one shows the kind of pressure that can come with election season.
But let’s be fair: supporting your uncle is one thing; trusting the electoral process is another. The right position should always be:
Let INEC do its job. Let the votes be counted. Let the winner be declared.
If your candidate wins, celebrate.
If he loses, respect the result, or challenge it through the proper legal channels.
But the funniest part? 😂
Davido basically said: “My tweet has entered INEC custody. Until further notice, nobody is deleting anything.” 😭🔥
Now the question: Should celebrities and influential people use their platforms this aggressively during elections, or should they allow the electoral process to speak for itself? 👀👇🏾
So if you can’t afford your own flight ticket, marriage should be cancelled?
Madam Pastor, which one is this, marriage or Emirates boarding requirement? 😭✈️
A woman can be unemployed today and become successful tomorrow.
A man can be wealthy today and struggle tomorrow.
Marriage is partnership, not “show me your flight ticket before I say I do.” 😂
Yes, financial independence is important.
Yes, women should have something doing.
Yes, nobody should enter marriage completely helpless.
But saying “you can’t pay your flight ticket, don’t marry” is too simplistic.
Some of the strongest marriages started when both partners had very little, built together and grew together.
The real question should be:
Does she have purpose, character, willingness to contribute and a plan for growth?
Because if the only qualification for marriage is “I can buy my own plane ticket,” plenty married women will fail the interview. 😂😂
Ladies, abeg, what is the minimum financial requirement for marriage according to this pastor? Economy class or business class? 👀✈️
@yabaleftonline 😂 “Opposition should start crying now.”
Oga Wike, election never reach. 😭
You don already announce the result
before Nigerians even enter the polling booth.
2027 is not won by confidence at a press conference.
Let the voters decide. 🗳️
Pastor Chris has entered the automobile industry!
From “Praise the Lord” to “charge the car” this is one crossover I didn’t see coming. 😭🔋🚗
The Tsion range reportedly includes the Passion, Falcon, Vision and OG series, unveiled at the New Economy Unveiling 2026.
But jokes aside, this is actually an interesting development. If this moves beyond unveiling into genuine production, jobs, local engineering, supply chains and affordable electric mobility, then that’s something worth applauding.
The real question now is:
How much will these cars cost, where are they being manufactured, what is their range, and when can the average Nigerian actually buy one? 👀
Because unveiling a car is one thing; putting thousands of reliable, affordable cars on Nigerian roads is another.
From pulpit to production line. 😂🔥
Praise the Lord…
@Dreambig055 She is a mad woman
😂 “All ex-corps members from 2011–2023, log in and claim your pension.”
Omo, who pensioned NYSC service? 😭😂
Before everybody starts rushing to the portal with State Code, NIN and bank details, small caution: I checked the official NYSC portal and current NYSC information, and I couldn’t find an official announcement saying ex-corps members from 2011–2023 have a pension to claim. The official portal lists services such as certificate verification, remobilisation and payment status—not this supposed pension claim.
So please, don’t let “BREAKING NEWS” break your bank account or your heart. 😂
If this is genuine, NYSC should publish the announcement through its official channels with clear eligibility requirements and an official application link.
Until then:
No click. No OTP. No NIN. No bank details. No “registration fee.”
Because Nigeria has reached the stage where somebody will wake up and announce:
“All Nigerians who attended secondary school between 1998 and 2010 should log in to claim their WAEC pension.” 😭😭
Verify before you claim! 😂
Guys… come see this ooo.
I come across this just now.
😳it deserves questions.
If the BusinessDay investigation is accurate, the Femi Gbajabiamila Hall at UNILAG was allocated ₦1.6bn in public funds, yet students are reportedly paying ₦710,000 per bed in a four-man room and ₦950,000 for single occupancy. Meanwhile, older UNILAG-managed hostels reportedly charge around ₦80,000 per bed space.
Now, let’s be open-minded: UNILAG says hostel pricing is within management’s authority and points to maintenance, utilities, security and other operational costs.
But this is where the real question begins: if taxpayers have already funded the construction, should students still be paying almost private-hostel prices to access that public investment? 🤔
And here’s the irony: a hostel built to solve student accommodation problems shouldn’t become another financial barrier keeping students away from decent accommodation.
The university needs to explain the economics transparently:
₦1.6bn construction → how much maintenance annually → how was the rent determined → where does the revenue go?
Don’t just tell students “that’s the price.” Show them the numbers.
Because at ₦950,000, some students may soon need accommodation before they can afford education. 😭
What do you think: fair price for a modern facility, or public infrastructure being priced like a private business? 👇🏾
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