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Folahanmi

Folahanmi

@FolaFagbule

Co-author of "Formation: The Making of Nigeria from Jihad to Amalgamation"

Katılım Nisan 2010
2.3K Takip Edilen2.8K Takipçiler
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Folahanmi
Folahanmi@FolaFagbule·
GET IN FORMATION!
tyro@DoubleEph

ANNOUNCEMENT @FolaFagbule and I have written a book of popular history about Nigeria's formation We start with the Jihad in 1804 and end with the Amalgamation in 1914 and cover all the events and characters in between. Get in formation here nigeria-formation.com

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funsodoherty
funsodoherty@funsodoherty·
One form. One mission. One movement. Last week, I picked up the NDC expression of interest form for the Lagos State Governorship election. Advancing our promise to Lagos, - right principles, right path, right process. #OTiYa #ItIsTime #NDC
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funsodoherty
funsodoherty@funsodoherty·
Had a good conversation with HE @peterobi. Shared vision. Same drive to fix a system that has failed too many. The road to a new Nigeria will be birthed through united voices and well-governed states. Here's to the work ahead. #OTiYa #ItIsTime
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Taiwo Oyedele
Taiwo Oyedele@taiwoyedele·
𝐓𝐇𝐄 𝐅𝐄𝐃𝐄𝐑𝐀𝐋 𝐆𝐎𝐕𝐄𝐑𝐍𝐌𝐄𝐍𝐓 𝐖𝐄𝐋𝐂𝐎𝐌𝐄𝐒 𝐓𝐇𝐄 𝐔𝐏𝐆𝐑𝐀𝐃𝐄 𝐎𝐅 𝐍𝐈𝐆𝐄𝐑𝐈𝐀’𝐒 𝐒𝐎𝐕𝐄𝐑𝐄𝐈𝐆𝐍 𝐂𝐑𝐄𝐃𝐈𝐓 𝐑𝐀𝐓𝐈𝐍𝐆 𝐁𝐘 𝐒&𝐏 𝐆𝐋𝐎𝐁𝐀𝐋 𝐑𝐀𝐓𝐈𝐍𝐆𝐒 The Federal Government welcomes the decision by S&P Global Ratings to upgrade Nigeria’s sovereign credit rating from ‘B-’ to ‘B’ with a Stable Outlook. This latest upgrade by S&P follows similar positive rating actions in 2025 by Fitch Ratings and Moody's Ratings. It further reinforces growing international confidence in Nigeria’s economic reform trajectory, policy consistency, and medium-term growth prospects. These independent assessments collectively affirm that the difficult but necessary reforms undertaken under the leadership of President Bola Ahmed Tinubu, GCFR, are yielding measurable results and laying the foundation for a more stable, transparent, and resilient economy. In particular, S&P highlighted improvements in Nigeria’s external position, stronger balance of payments dynamics, increased oil production, expanding domestic refining and export capacity, and the sustained implementation of key macroeconomic reforms including foreign exchange market liberalisation. The agency also recognised ongoing fiscal reforms aimed at broadening the tax base, improving public revenue mobilisation, enhancing fiscal transparency, and strengthening debt sustainability. Notably, Nigeria’s debt-to-revenue ratio has improved significantly since 2023 and is projected to decline further as reforms continue to mature. The upgrades by Fitch, Moody’s, and now S&P send a strong signal to global investors, development partners, financial markets, and the international business community that Nigeria is regaining macroeconomic credibility and restoring confidence in the management of its economy. The government remains firmly committed to prudent fiscal management, macroeconomic stability, and structural reforms that promote inclusive and sustainable growth. We have maintained our position against the reintroduction of inefficient fuel subsidies which historically created significant fiscal distortions, incentivised smuggling, weakened foreign exchange liquidity, and diverted scarce public resources away from critical national priorities. We remain committed to a market-driven economy anchored on transparency, competition, and effective regulatory oversight. Accordingly, the Federal Government will continue to uphold policies that support free enterprise, respect private investment, and provide a stable and predictable environment for businesses and investors to thrive. While these positive ratings developments are encouraging, we recognise that the work ahead remains substantial. We are focused on addressing inflationary pressures, improving food security, expanding decent job opportunities, and ensuring that economic growth translates into meaningful and inclusive prosperity for all Nigerians. The Federal, States and Local Governments will continue to implement reforms with discipline, pragmatism, and compassion while maintaining close engagement with citizens and all stakeholders. The Federal Government appreciates the resilience, patience, and support of Nigerians in this reform journey. The improving outlook from leading global rating agencies will further position our country to attract investments and and enhance the country's ability to secure financing on more favourable terms. We are strengthened in our resolve to build a stronger economy that is globally competitive, fiscally sustainable, and works for all Nigerians. 𝐓𝐚𝐢𝐰𝐨 𝐎𝐲𝐞𝐝𝐞𝐥𝐞 𝘏𝘰𝘯𝘰𝘶𝘳𝘢𝘣𝘭𝘦 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘰𝘧 𝘍𝘪𝘯𝘢𝘯𝘤𝘦 𝘢𝘯𝘥 𝘊𝘰𝘰𝘳𝘥𝘪𝘯𝘢𝘵𝘪𝘯𝘨 𝘔𝘪𝘯𝘪𝘴𝘵𝘦𝘳 𝘰𝘧 𝘵𝘩𝘦 𝘌𝘤𝘰𝘯𝘰𝘮𝘺 𝘍𝘦𝘥𝘦𝘳𝘢𝘭 𝘙𝘦𝘱𝘶𝘣𝘭𝘪𝘤 𝘰𝘧 𝘕𝘪𝘨𝘦𝘳𝘪𝘢
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Reuters Africa
Reuters Africa@ReutersAfrica·
Nigeria's pensions regulator has given fund managers a special waiver to invest in the planned initial public offering of Dangote Petroleum Refinery, in an unusual policy shift aimed at backing a key national asset. reuters.com/sustainability…
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Titilayo Eme Udo-Affia Jimeta
Celebrating the man @FolaFagbule, whom I have known since I was that tall. I wish you lots of love and a wonderful life ahead. @FagbuleTayo, see your brother, oh. Your parents will be so proud. You have achieved so much, and this is a milestone that has been a long time coming. I wish I was there; my gele is right there taking the air and that is such a shame. But to brighter things, the bride is lovely
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Bola Ahmed Tinubu
Bola Ahmed Tinubu@officialABAT·
Speaking at the Africa CEO Forum Presidential Panel yesterday evening in Kigali, I re-emphasised that Africa must put Africa first whilst creating opportunities for intra-Africa collaboration between our countries. Our continent cannot build scale by looking outward first. We must invest in one another, trade more with one another, build the corridors that connect our markets, ensure our innovative youthful population get the support they need, and give African businesses the confidence to expand across African borders. Nigeria’s reforms are not only about fixing yesterday. They are about preparing our economy to lead in the Africa of tomorrow. With AfCFTA, digital trade, shared infrastructure, stronger logistics, commodities exchange, and deeper private sector partnerships, we can turn Africa’s population and resources into real continental prosperity. The global risk and financial architecture must also give Africa a fair deal that recognises our local nuances and contexts. I thank my brother, President Paul Kagame, for his warm hospitality and for Rwanda’s continued leadership in showing what discipline, clarity and execution can do for development. Nigeria will continue to work with Rwanda and other African partners to build a continent that produces more, trades more, connects better, and competes with greater confidence in the world. Africa’s future will not be handed to us. We must build it, own it, and defend it together. ~ Bola Ahmed Tinubu, GCFR
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Africa Finance Corporation
Africa Finance Corporation@africa_finance·
In the short term, #aviation is Africa’s fastest path to #integration. In the State of Africa’s Infrastructure Report 2026, we show that aviation can rapidly operationalise the African Continental #FreeTrade Area (AfCFTA) — especially for time-sensitive goods and high-value trade. East Africa provides a clear proof point. Across Kenya, Rwanda and Ethiopia, a combination of: • Aviation infrastructure • Visa openness • Liberalisation • Strong national carriers has driven trade, tourism, and investment — contributing $5.5 billion to GDP and supporting ~1 million jobs. • 🇷🇼 Rwanda: 1M+ arrivals, 20,000+ tonnes of air freight, and $650M+ in tourism receipts • 🇰🇪 Kenya: ~3M arrivals, ~400,000 tonnes of freight, and $4B+ in tourism revenues • 🇪🇹Ethiopia: Africa’s largest air cargo hub (750,000+ tonnes) with ~19M passengers (FY2025) When policy and infrastructure align, integration accelerates. Read more: africafc.org/our-impact/our… #TheAfricaWeBuild #Industrialisation #RegionalIntegration #Infrastructure #AFC #StateofAfricasInfrastructureReport2026
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Bloomberg
Bloomberg@business·
Senegal’s state-owned oil company said the Yakaar-Teranga gas discovery will cost $7.5 billion to develop, but will help the country slash energy subsidies once on stream. bloomberg.com/news/articles/…
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FGN Power Company
FGN Power Company@fgnpcppi·
Powering the future goes beyond infrastructure, it’s about people. Today, at the New Abeokuta Transmission Substation, Ogun State, we officially launched the Siemens Energy Education & Development (SEED) Programme under Phase 1 of the Presidential Power Initiative (PPI). SEED is a flagship capacity development initiative co-implemented by Siemens Energy, FGN Power Company, and GIZ under the Nigeria Energy Support Programme Phase III (NESP III), in collaboration with the Federal Ministry of Power, and co-funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ).
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Al Jazeera English
Al Jazeera English@AJEnglish·
After successfully launching Nigeria’s only operational oil refinery, billionaire businessman Aliko Dangote has set his sights on Kenya as the next location for another mega refinery project, according to recent reports. Here's what you need to know aje.news/ncl1zz
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The Africa Report
The Africa Report@TheAfricaReport·
The managing director of Canal+ Afrique is overseeing the integration of South African pay-TV giant MultiChoice, as the group sharpens its focus on the continent as a key growth market ahead of its 3 June JSE listing.
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Bloomberg
Bloomberg@business·
Ghana is taking steps to buy Lukoil’s stake in an offshore oil block to gain greater control over future output in the country bloomberg.com/news/articles/…
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Reuters Africa
Reuters Africa@ReutersAfrica·
Nigeria will spend about $11.6 billion servicing its debt in 2026, nearly half of its projected government revenue, President Bola Tinubu said, as he called for an overhaul of a global financial system he said penalises African borrowers. reuters.com/world/africa/n…
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TheCable
TheCable@thecableng·
BREAKING: Court sentences ex-power minister Saleh Mamman to 75 years in prison for N33.8bn fraud A federal high court in Abuja has sentenced Saleh Mamman, a former minister of power, to 75 years in prison for money laundering and fraud to the tune of N33.8 billion. Mamman was convicted on all 12 counts preferred against him by the Economic and Financial Crimes Commission (EFCC). thecable.ng/breaking-court…
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Bloomberg
Bloomberg@business·
Uganda's President retains his position at the helm of the East African nation as it gears up to become an oil producer bloomberg.com/news/articles/…
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Bloomberg
Bloomberg@business·
Aliko Dangote, Africa’s richest person, is targeting a valuation of as much as $50 billion in a planned listing of his refinery business this year as higher oil prices boost its prospects, sources say bloomberg.com/news/articles/…
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Reuters Africa
Reuters Africa@ReutersAfrica·
South Africa's MTN said on Tuesday its core earnings jumped 27.9% in the first quarter, outpacing revenue growth as tighter cost control and strong performances in Nigeria and Ghana boosted profit. reuters.com/world/africa/s…
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Julians Amboko
Julians Amboko@AmbokoJH·
On the Dangote led Refinery in East Africa: · Location will be determined following research being undertaken by Dangote. Mombasa, Lamu or Tanga are lead contenders · Project expected to cost anything between US$16.0 billion & US$20.0 billion · Kenya's newly set up National Infrastructure Fund will co-invest in the refinery, deployment not disclosed · The National Infrastructure Fund currently has US$1.0 billion (Kenya Pipeline proceeds). In another two or so months, ~ US$2.0 billion is expected (Safaricom Plc partial divestiture proceeds) · GOK believes that with ~ US$3.0 billion worth of seed capital, it can build the fund to ~ US$30.0 billion (10:1) crowd in factor · National Infrastructure Fund to invest 20.0% (~ US$300.0 Million) in the planned new Nairobi Airport
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funsodoherty
funsodoherty@funsodoherty·
The conversation is no longer about how hard Lagos works. It's now about who Lagos is working for. For too long, the system has worked only for a few. But Lagos should work for all of us. Not just the connected. Not just the lucky. Not just the powerful. ALL of us. I'm Funso Doherty. And I'm ready to work with you to create a Lagos that works for everyone. #OTiYa #ItIsTime #FunsoDoherty #LagosDecides
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