Chairman

@gentlemanway007 This response does not engenders confidence at all! Any moderately successful person in this age will know that ideas are a dime a dozen. 1 minute with ChatGPT will give you numerous ideas for increasing electricity output. That does not in any way translate into execution

For those asking how Peter Obi plans to fix electricity, here is an old video of him explaining it. Please watch it before embarrassing yourselves any further. Shameless 😂

@StatiSense Why are you calculating economic growth in dollars? Do we spend dollars in Nigeria? It only makes sense to use dollars when you are comparing two or more countries and you need to normalize

📊 TINUBU’S 8-POINT AGENDA — SELECTED PERFORMANCE INDICATORS (2023–2026) 🇳🇬 1. Food Security 🔴 People Facing High Levels of Acute Food Insecurity 2023 — 18.3M 2026 — 30.6M % Change — +67.2% 2. Poverty Reduction 🔴 Poverty Rate 2023 — 56% 2026 — 63% % Change — +12.5% 3. Economic Growth & Job Creation GDP (Current Prices) 🔴 2023 — $487B 2026 — $377B (Projected) Change — −22.6% Real GDP Growth 🟢 2023 — 3.3% 2026 — 4.1% Change — +0.8 percentage points Foreign Capital Inflows 🟢 Q2 2023 — $1.03bn Q1 2026 — $10.37bn Change — +906.8% Unemployment Rate 🟢 2023 — 5.0% Q4 2024 — 4.9% Change — −0.1 percentage points 4. Access to Capital 🔴 Monetary Policy Rate (MPR) 2023 — 18.5% 2026 — 26.5% Change — +8.0 percentage points 5. Security 🔴 Global Terrorism Index (GTI) 🔴 2023 — 8th globally 2026 — 4th globally (worsened ranking) Average Monthly Conflict-Related Fatalities 🔴 2023 — 726 2026 — 1,380 Change — +90.1% 6. Rule of Law 🟡 World Justice Project Rule of Law Index 2023 — 120th (0.41) 2026 — 120th (0.41) Change — No improvement 7. Fighting Corruption 🟢 Corruption Perceptions Index (CPI) 2023 — 145th 2026 — 142nd Change — Slight improvement 8. Inclusivity (Gender Equality) 🟢 Global Gender Gap Index 2023 — 130th (0.673) 2025 — 124th (0.649) Change — Improvement in ranking 🟢 Improvement 🔴 Worsening 🟡 Mixed / Neutral #Statisense (NBS, IMF, IEP, ACLED, WJP)

@DrJoeAbah But the states and local government are the closest to the masses and by definition will have the greatest impact on the masses. Outside of security, generating revenue and passing it down to the SG and LG is one of the few main tools for FG to impact the masses.

Of course, we should also hold governors to account. It would be easier if we could change our Constitution and revenue-sharing formula. The Federal Government still consumes 52% of all our resources and still controls fiscal policy and security.

@docneto Person wey no "govern" for Anambra, will now "gowern" Nigeria. Your mumu never do?

I refuse to accept that the same skill required to navigate the murky waters of Nigeria's political party system is what would set one apart to be good at governance. If anything the evidence before us shows that the better you are at party politics, the worse you're likely to be at governance. I've thus lost no trust in Peter Obi's ability to gobern well when he becomes president in 2027. All he needs to do is get on the ballot and we the people will carry him to aso rock with our votes.

@DrJoeAbah @pokigbo Lol. Laff wan kill with your description of what Twitter can be 😀. That's why I spend very little of my time reading twitter comments, make person no go lose brain cells.

A little while ago, my brother @pokigbo invited me to join a small book club of select people. Every month, we read a topical book, meet at his lovely home, discuss the book for two hours, and then enjoy a sumptuous dinner prepared by his beautiful, intelligent wife. Last Saturday, we met in his home to discuss the book ‘How China Escaped The Poverty Trap’ by Yuen Yuen Ang. Remarkably, we were joined online by the author herself and in person by the Chinese Ambassador to Nigeria who shared his lived, empirical experiences of China’s transformation. I actually gave up watching a crucial Arsenal match and braved the Abuja rain to join. 😀 What I found most remarkable about the book was how China used what it already had, including imperfect institutions, to lift their people out of poverty. They did not wait until they had “strong institutions” or to eliminate corruption, before they led their people to prosperity. It was growth and economic prosperity that led to stronger institutions, not the other way round. They used what could be called ‘Directed Improvisation’ where Beijing set out a vision and then allowed the provinces to innovate and compete among each other. Anything that worked in one province was encouraged and replicated elsewhere. It was humbling that cities like Shenzen alone had double the GDP of Nigeria! And there weee many more cities! It was a refreshing break from the mud pit that Twitter can be. And no, you cannot join because he carefully curated who he invited, and each participant brought a particular perspective that complemented others'. From policy makers to academics to senior government officials (current and former) to young men and women. Although you can’t join this particular book club, you can start your own book club, since I’ve shared his template with you. 😀 I look forward to next month’s book, the informed discussions and intellectual sword crossings, and the lovely dinner and good wine. 😀

@Imranmuhdz @drhcimci Seriake Dickson was one of the most useless governor Nigeria has ever seen. When these people talk, you think they haven’t ruled before. All the 13% allocation Bayelsa got over the years and it still looks like a village.

"I want to welcome you to the party that doesn’t know what is called status quo ante bellum.” - Sen. Henry Seriake Dickson said as he welcomed Peter Obi and Kwankwaso to the NDC

@AminuDalhat He’s donating 550 million Naira not Dollars

Nigeria had to go Deutsche Bank to borrow $500m but here we are talking about $550m donation to a University. Why do we have so much problems with numbers?

@Nairaexchanger @DemolaRewaju How many Nigerians can afford a new car? This is a tax on the super wealthy..

For those thinking this is fake news, I have good news; it is not😁. The Bola Ahmed Tinubu government is introducing a new green tax on vehicles. It includes a 2% to 4% surcharge on large engine cars. Simply put, if you are not driving an electric or hybrid vehicle, you will pay more. There is also a mandatory fee when registering a new or imported vehicle just incase you plan to avoid it and go buy Chinese electric car 🤣. Those of us in the UK pay road tax per vehicle. And we also see proper road infrastructure. We have the option to drive anywhere without toll roads. The good news is that Tinubu wants you to pay first and we can discuss infrastructure later. So in summary, you are being asked to pay more, while road contracts are handed to companies like Chagoury Group to build roads concrete roads and small drainage to sokoto or Calabar. After that, toll gates are inserted so you can pay again to use those same roads. Then income tax is still collected for the same road, even though road funding is already coming from multiple sources. So the question is simply this, ‘what exactly are you paying for’, and how many times will you be charged for the same thing? Elections have consequences.

@SirJarus @drhcimci Na you get time to dey answer these people. We were also told that Cardoso is not an Economist and now the whole world is now applauding him. Only those who haven’t been in management positions would make all these stupid and dumb arguments about Taiwo not being qualified

For the avoidance of doubt, everything I have said today about Taiwo's "come-recommendedness" vs some other previous finance ministers (specifically Ciroma, Nenadi Usman and Zainab Usman) had nothing to do with knowing Taiwo. This was me defending Edun's finance credential when some people wanted to discount it because of Taiwo few weeks ago. I stood for Edun against self-imposed Taiwo amplifiers. I hate to use the word "objective", but what you cannot find me doing is saying what I don't believe is true or factual simply because of personal sentiments or affiliation/association. I will rather keep quiet. Another reason I still think I can't do politics. Position I take each matter on case by case basis. Taiwo vs Edun on baseline experience at the time they were coming to office, I argued in favour of Edun. And I won't have argued in the current debates if they limited their argument to NOI, Shamsudeen Usman and maybe Aganga. PS 1. Both deleted after my response. This one and the one I responded to today. 2. There was a factual error in my submission here. Edun was not in Standard Chartered, that was Cardoso. Rather, Edun was key part (founding team) of old IBTC (which I correctly mentioned) and CHD, arguably the two leading homegrown investment banking institutions in Nigeria.

@DrJoeAbah Boss, the threat of AI has caused the stocks of all major software companies to drop to the timing of hundreds of billions of dollars in value already. Microsoft, Adobe, ServiceNOW, SalesForce all dey hear am. Not to talk about the massive layoffs at many of these companies!

At some point, creators need to start to ask questions of AI platforms. You can get the gist of most subscription-only articles and publications by simply typing the title into an AI platform. And now, apps like Grok have been telling me to subscribe for free trial of something, usually a prelude to starting to charge big money for other people’s content. I guess that AI has already killed the market for platforms that provide summaries of books, like Blinkist. Who is next?

@SirJarus I’m not sure the Mohammed and the mountain one is an original Yoruba proverb. I think it’s a translation

I find Muslim-themed Yoruba proverbs very funny. Some of them: 1. Alfa to n'iyan o mu, omo re o ni je tira (The alfa that forecasts drought will not feed his own children with Islamic books) 2. Ati kekere n'imole tin k'omo re l'aluwala 3. Ohun gbe sara koja mosalasi There is another one about kettle and alcohol that I can't remember how they say it. A lot of others I can't recall. I always laugh anytime I hear that #1 in particular. However, I don't find funny the one about Mohammed (PBUH) and Mountain.

@taiwoyedele @eta_habyb Wishing you all the best. For those of us that supported you through thick and thin for the last two years, please do us proud and grant us the ability to boast about your achievements.

𝐀𝐬𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐎𝐟𝐟𝐢𝐜𝐞 𝐚𝐧𝐝 𝐂𝐨𝐦𝐦𝐢𝐭𝐦𝐞𝐧𝐭 𝐭𝐨 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐟𝐨𝐫𝐦 I formally assumed office yesterday as the Minister of Finance and Coordinating Minister of the Economy, following a handover from my predecessor, Mr. Wale Edun. I sincerely appreciate him for his service to our country and the foundation he has laid. Nigeria is at a critical juncture. Having taken important steps to stabilise the economy, our immediate task is to consolidate these gains, deepen ongoing reforms, and ensure they translate into tangible benefits for all Nigerians. Our strategic priorities include: 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲 & 𝐆𝐫𝐨𝐰𝐭𝐡 - creating a predictable and investor-friendly environment anchored on policy coherence, consistency, and clarity. 𝐅𝐢𝐬𝐜𝐚𝐥 𝐃𝐢𝐬𝐜𝐢𝐩𝐥𝐢𝐧𝐞 & 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 - ensuring transparent and prudent management of public resources. 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 & 𝐅𝐚𝐢𝐫 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 - harmonising revenue administration, broadening the tax base, reducing the burden on vulnerable population, and supporting economic growth. 𝐒𝐭𝐫𝐨𝐧𝐠𝐞𝐫 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐂𝐨𝐨𝐫𝐝𝐢𝐧𝐚𝐭𝐢𝐨𝐧 - aligning efforts across all tiers and institutions to maximise policy impact. 𝐏𝐮𝐛𝐥𝐢𝐜 𝐏𝐨𝐥𝐢𝐜𝐲 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 (𝐏𝐏𝐏𝐏) - deepening collaboration with the private sector and other key stakeholders for data-driven policy design, co-implementation, and feedback for continuous improvement. Good policy design alone is not enough, success will be defined by execution. We are committed to disciplined implementation, accountability, and measurable results. I look forward to working with colleagues across government, the private sector, and all Nigerians as we move from reform to result, accelerate growth and build a more stable, inclusive, and prosperous economy.

@DrJoeAbah El Rufai made the same point during the confirmation hearings in 2023. I wish the Tinubu administration will consolidate these portfolios and have the right person head it.

In 2015, I proposed that we should have a Minister for Energy. They will coordinate Coal (which is with Solid Minerals), with Hydro (which is with Water Resources), with Gas (which is with Petroleum), with Solar (which is with Power), and give us light! thecable.ng/just-in-adelab…

@zeegenius @Rufyb lol. Capital is treated differently from expenses everywhere. Recurring expenses sustain day to day operations. Business comes to a halt if it stops. Capital is governed differently with different approval &release requirements. When times are hard, capital doesn’t get approved.

@Polymath100 @Rufyb Lmao. So in your hypothetical company, your MD will continue to fuel his car for visits to other countries and site tours while the company needs to buy vital equipment for its operations?

Is it that these aides and advisers think Nigerians are foolish or what exactly? Because… 😂😂😂😂

@FinPlanKaluAja1 Tinubu was talking about non-oil revenue target, which was met. The target from oil revenues was clearly not met. It is clear to folks that pay attention that Edun was fired for poor capital allocation. Revenues has increased but local contractors and MDAs were starved of funds.

When Wale Edun gave that N10t revenues undermiss number last year, I was very surprised If you recall, it was around the time when the President said "I have met my revenue target" then Wale Edun said Nigeria was seriously falling short of its revenue target. That's when the wahala started. I remember posting that N10t figure and many have doubted it, even though The Minister of Finance said it. That was when you started to hear some in that party call for Wale Edun to be sacked. The summary is simple: Tinubu wanted to spend, and Wale Edun was in the way. Now we watch

@olumidecapital The job they are tasked with is not investment banking or tax auditing! So neither of those experiences is a reliable predictor of success for the job. It’s all about understanding the key issues, coming up with the right strategies and executing!

To compare the seasoned expertise of a successful investment bank founder with that of a former consulting partner is to mistake the scale of a river for the vastness of an ocean

@DrJoeAbah I personally don’t think his performance has been good. Revenue has increased significantly due to the reforms but local contractors are said to be owed a lot of money, Gencos are still owed and I don’t see much dividends from the crucial economy coordination part of his job.

Hmmm. Abuja people say that the Edun sacking has been on the cards for a while but nobody has said why. Wetin happen?

@AyoBankole @drhcimci This is a stupid and nonsensical take. It’s Prof’s right to throw his hat in the ring. Even Tinubu did not allege betrayal. Unlike Aregbe etc, Prof never uttered a bad word about Tinubu when they were contesting against each other. Move on and stop crying louder than the bereaved

Professor Yemi Osinbajo rose to political acclaim when Tinubu made him Commissioner. His entire platform from 1999 and political rise was on the back of the BAT political machine. Infact he became VP on BAT's personal slot. Contesting against him or refusing to campaign for him is a grave and unforgivable betrayal of loyalty and support. Tinubu Infact has extended applaudable grace by forgiving him and not witch hunting him. You can hate his politics or governance or person, but let's not mix basic decent life principles with politics. We are all also building businesses and careers and will continue to rely on basic loyalty and decent reciprocity from our associates and allies. It's easy to hail PYO for his ridiculous betrayal because you do not like BAT, until you also get beaten by people you invest in and give your own platform, then you realise how cruel it feels.

@Rufyb What you don’t know about him is how much infrastructure he’s built in Ogun state. I live abroad but folks I know in Ogun state can’t stop talking about how many roads he’s built in their area. He will definitely win!

I was genuinely surprised to see GNI concede for Yayi, given how the man really wanted to be governor. Interesting stuff. That's by the way. Meanwhile, all I know about Senator Solomon Adeola Yayi is that he was in the Nigerian Senate that provided very terrible and poor oversight, which resulted in the near-destruction of the lives of Nigerians. As Chairman of the Finance Committee, oversight on issues around government borrowing and debt management was on him. Yet, man watched as the former President piled on the economy with excessive borrowing - a single major action that brought the economy down to its knees. A proper oversight failure. He is currently the Chairman of the Appropriations Committee (the spending side and the allocation of government funds across MDAs). Go and see the details of government spending since 2023, and you'd see for yourself. Toor.