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Tolu
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Tolu
@CFCTolu
Football Analyst • I drop my honest opinions on football • Die hard Chelsea FC fan #CFC • @MclarenF1 Followed by @ChelseaFCinUSA and @NewYorkRedBulls
Anywhere you see me Beigetreten Şubat 2014
1.7K Folgt4K Follower
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Nigerians😂😂😂
If you like fight and d!e for them. The next day, they’ll wine, dine and dance with the devil you fought to protect them against.
Nocturne Music 🇳🇬@NocturneMusicNG
Seyi Tinubu at Black Coffee Live Lagos 🇳🇬
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DSS no call anybody. This palace clown is positioned strategically to put fear in the minds of people. I hope his fans clock it quickly
Nigeria Stories@NigeriaStories
DSS called me this morning and told me that they heard that I’ve been contracted by ADC to lead a protest, hereby causing unrest in the country. I’m not partisan and I’m not supporting anyone ~ Verydarkman says
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This is Obi Jackson's Nestoil headquarters in Victoria Island Lagos.
It had been sealed since October 2025.
It was sealed at first with signages and tapes, some time early this year I started seeing Police vehicles in front of the place.
I want to ask how wise it is to shutdown a blue chip company because of debt ?
When we can just put a system in place that ensures activities are on and payment is made through a financial medium the company cannot hinder ?
Nigeria is not ready to build, all they do is destroy. Owing is not a crime, lack of institutions that can recover debt without shutting down businesses is the crime against our Labour Market.
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Let us reflect, sincerely and without sentiment.
In the past few days, the President has reportedly approved ₦3.3 trillion as a “full and final” payment for debts in the power sector. Yet, this is not the first time such approvals have been made.
On May 17, 2024, ₦3.3 trillion was approved for the same purpose. On July 25, 2024, another ₦4 trillion bond was approved to settle similar debts. There have also been other approvals in between, all targeted at addressing the same power sector liabilities.
This raises a fundamental question: were the previous approvals mere announcements without execution?
₦3.3 Trillion Again? Nigeria’s Power Crisis Without End
During the 2023 campaign, President Bola Ahmed Tinubu made a clear promise: that if he failed to deliver stable electricity, Nigerians should not re-elect him. Today, the reality is that power supply has worsened, to the extent that there are even discussions about disconnecting the Presidential Villa from the national grid.
Each time legitimate concerns are raised, what we see appears more like policy pronouncements than measurable progress.
Now, again, we are confronted with another ₦3.3 trillion approval to settle power sector debts.
These debts were largely accumulated under successive administrations of the All Progressives Congress between 2015 and 2025. This raises serious concerns about accountability, transparency, and effectiveness in public financial management.
It is important to note that government institutions and agencies, including the Presidential Villa owe a significant portion of these debts. Year after year, budgets were made and funds appropriated. Why then were these obligations not settled when due? And from what source will this new payment be made? Are we resorting once more to borrowing to service inefficiencies?
Key questions remain unanswered: How did the debt accrue? What is the actual total debt in the power sector? Which components of the debts are due to operators’ inefficiency and should be borne by them? Why have previous approvals not translated into tangible improvements? Who are the real beneficiaries of these repeated payments?
Is the ₦3.3 trillion approved on April 6, 2026, the same as the ₦3.3 trillion approved in May 2024, and how does it relate to the ₦4 trillion bond approved in July 2024?
Nigeria must move beyond recycled announcements and confront the power sector crisis with sincerity, transparency, and decisive reforms.
Until we do so, we will remain trapped in a cycle of debt and darkness.
But with discipline, accountability, and the right leadership, a new Nigeria is still possible. -PO
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Native ? lol she could use ede? Why she no use palm kernel ?
Big Chi@It_Chioma
This is a proper native Oha soup 🥵😍 🎥Nina.Special
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