Mustafa Chike-Obi

@OpeBee I said earnings. Remittances don’t belong to the government and FPI is short term volatile debt .

With due respect , this data is outdated. Recent CBN data point to the fact that FPI and diaspora remittances are our biggest sources

Given that over 80% of Nigeria’s FX earnings are from crude oil sales, where would we get dollars for other critical imports if we sold all our crude in naira like many are advocating??

@Maziitunde 127

Brain test 98% failed If you solve this, you deserve $2000

@EricLDaugh You are an idiot

🚨 BREAKING: President Trump just ENDED UK PM Keir Starmer's whole career in the Oval Office *Turns around*: "I'm DISAPPOINTED. You see that man right there? Know who that is? The late, great WINSTON CHURCHILL." "Unfortunately, Keir Starmer is NOT Winston Churchill." 🔥🔥

@toluogunlesi Why do you consider government appointments as enjoyment?

Nobody enjoy retirement reach former CNS, Vice Admiral Ibok-Ete Ekwe Ibas. After making history as longest-serving CNS (5.5 years), he was sent to Ghana as High Comm by PMB, and then to Rivers as Sole Admin by PBAT. Now going to The Philippines as Ambassador. Congratulations!

Without getting into the merits or otherwise of the new tax laws, I can safely say that no policy initiative in my memory has caused so much anxiety , confusion and concern in the country. Few understand how it will affect or benefit them. I advise the government to proceed very cautiously.

The decision will hand Trump even more autocratic power than he already has. huffpost.com/entry/supreme-…

Had a very pleasant flight on Air Peace to London. Certainly on par with the more expensive foreign airlines. I would support a policy encouraging Government officials to make Air Peace first choice on the foreign routes it serves.

@FinPlanKaluAja1 You made a general statement. I didn’t argue with your math nor did I mention Canada. You need to listen sometimes

@ChikeMustafa The maths is clear Canada has elections coming

In a tariff war, the person with the market or the money usually wins It's not an equal fight

Incumbency appears to be in danger across the world. UK, USA, France, Ghana, Syria..to name a few. I would suggest less hubris and more inclusiveness to incumbents everywhere.

It is wrong to call people with identified fx liabilities speculators because they hold dollars against those expected liabilities. The correct financial term is hedging. Holding naira against future fx liabilities like fees and mortgages is actually speculation.

The statement credited to NNPCL and IPMAN about the pricing or Dangote refinery products is short sighted. Dangote products should command a premium because of local employment, supply security, and monitoring. Premium should be negotiated in good faith by NNPCL and Dangote.

I have read the personal views of some Bank Chairmen on the windfall tax issue. Those views do not represent the banking community. BDAN will communicate its views after our board meeting on the 12th, on this and other very important issues concerning our community.

@oagbakoba @officialABAT Olisa! Increasing to 2.4 million barrels is neither simple nor possible in the short term. It involves massive investment in the order of over 30 billion dollars which we don’t have. It involves foreign investment, mostly from the very same IOCs you are demonizing.

MAXIMUM CRUDE OIL PRODUCTION AND SALE IS OUR ONLY SHORT TERM ECONOMIC SOLUTION. The major issue confronting President @officialABAT is very simple and easily resolved! President Tinubu doesn’t have enough money in the treasury to meet the huge National needs of 200m Nigerians. So there is a simple solution. I urge President Tinubu to look at how President Obasanjo resolved his money headaches. First, President Obasanjo tackled Corruption and plugged waste. Nuhu Ribadu saw to that, as the fear of Nuhu was the beginning of wisdom. Second and most important was that president Obasanjo understood what is called public sector borrowing requirements and how much was needed to sustain the National system. Most important was President Obasanjo’s clear vision of how to raise revenue. This was from optimal production of crude oil. The revenue from crude oil was fully maximized. Crude oil daily production was at maximum capacity. Funds from sales of crude propped the Naira value to the dollar, the Government was able to get things done without borrowing but using crude oil revenue. President Tinubu must reverse the trend by maximizing crude oil outputs, removing the international oil companies from control of our hydrocarbons revenue, paying down debts and hedging the Naira against the dollar with crude oil dollars. So quite simply president Tinubu should maximize crude oil production to at least 2.4 million barrels a day, pay down debts, apply funds to meet national needs. If this simple fiscal process is sustained, Nigeria will be out of this desperate situation within 6 months. In the final analysis, optimal crude oil production is our way out. - OA.

@ndekekwe What’s wrong with pension funds investing in FG guaranteed infrastructure projects. Same risk as FG bonds, higher returns.

Another evolution as the Nigerian government plans to utilize N20 trillion from pension funds for infrastructure development: "Critics, including Atiku Abubakar, raised concerns about the legality and potential risks to retirees' savings, while Finance Minister Wale Edun defended the plan as a means to unlock funds for development. The move sparked a debate on balancing economic growth with the security of pension funds.” Let me add my voice as we did when the last administration wanted to go after the same funds. First, the Nigerian government has no capacity to return this fund back to pensioners if it is allowed to use it. The Pension fund does not belong to the government, and public pension managers cannot listen to the government on their investment thesis. The government should just forget this fund and look for other alternatives. The pension managers should resist such pressures and stand for workers. If the government needs funds to fund infrastructures, it should do what other countries do: improve rule of law and make Nigeria safer for infrastructure investments. If you do those, private companies will take over these infrastructure burdens. In America, companies own train lines, bridges, etc, because there are strong property rights. Nigeria should make sure possible, and not where you get a building permit, and you build, then in ten years, another government will come and tear down the same building even though a previous one gave you a permit to build. Who will invest in infrastructure when you see how some state governments are bulldozing properties left and right? If Nigeria focuses on fixing those matters, private funds will come to build our infrastructures since it is clear the government has no kobo. tekedia.com/nigerian-gover…

The announcement of the MOF to approach Pension Funds for Govt guaranteed infrastructure projects is a welcome and innovative development. Such projects have the same risk as FG bonds with the potential of higher returns for the benefit of pensioners. Kudos.

@emiomoBalogun Economy

@ChikeMustafa Boss, I believe it will be on the economy and the recent MPC decision?

Will be on CNBC today at 2.30 pm.

An idea that I can't stop thinking about: The Capability Gap Alabama coach Nick Saban refers to the Capability Gap in this clip from a discussion with Holly Rowe: "We oftentimes talk about what someone's potential is, but I think to put it in better terms...the Capability Gap is what you're capable of relative to what you're doing...if you understand the truth about that, you can actually take information that can help you close that gap." The Capability Gap is a simple idea with powerful implications across all areas of your life. It requires an understanding of: 1. Your full capability 2. Your current delivery In my experience, I would argue that most people underestimate their full capability and overestimate their current delivery. In other words, they think their Capability Gap is very small, when in reality it's much larger than they realize. Having mentors, coaches, friends, and family members who help you see the truth about your full capability and keep you honest on your current level of delivery is everything. This isn't about sports, this is about your life: Do you have people in your life who help you think bigger about what you're capable of? Do you have people in your life who tell you that your current delivery isn't good enough? We all need those people in our lives. We need people who push us to get uncomfortable, to think bigger, and to be better. We need people who push us to be better partners, parents, friends, siblings, colleagues, community members, and leaders. Find the people who tell you the two truths: 1. What you're truly capable of 2. What you're currently delivering on Identify your Capability Gap and then work relentlessly to close it! If you enjoyed this or learned something, share it with others and follow me @SahilBloom for more in future!