Ja'afar S™

Political loyalty is a very funny thing, especially when it is not done for pecuniary gain. It trumps loyalty to friends and even family members. It effortlessly challenges rationality and willingly compromises truth. The comfort of belonging becomes stronger than any self-worth.

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"If you're not paying subsidy and you've got the money, why are we still borrowing?" — Lamido Sanusi questions federal government's economic policies and borrowing plans

WHERE IS THE MONEY? NIGERIA’S BORROWING BINGE AND THE VANISHING BILLIONS By Kio Amachree Nigeria is borrowing money at a speed that should alarm any serious nation. Billions from the World Bank. Billions from Eurobonds. Billions more queued up in fresh requests. And yet, across the country, a simple question echoes from Lagos to Kano: Where is it? The official story is polished, almost rehearsed. Infrastructure. Power. Agriculture. Education. A familiar script repeated with every new loan request. But step outside the briefing rooms. The roads remain broken. Electricity is unreliable. Food prices are crushing families. And over 100 million Nigerians live in poverty. Something does not add up. Nigeria’s total public debt has now reached N159 trillion — roughly $111 billion — as of December 2025, up from N87 trillion just two years earlier. That is an increase of more than 80 percent in under three years. The Tinubu administration alone accounts for 43 percent of the entire national debt stock. In 2025, the government spent N16 trillion just servicing that debt — money that never touched a single road, school, or hospital. Let that figure settle. N16 trillion. Gone before a single project breaks ground. And the ratio behind that number is even more damning. The Nigerian Economic Summit Group, one of the country’s most credible independent think tanks, found that Nigeria’s debt-service-to-revenue ratio hit 116.8 percent in 2024. Not 60 percent. Not 80 percent. Over 100 percent. Meaning the federal government spent more servicing its debts than it collected in total revenue — and had to borrow again just to cover the gap. The World Bank and IMF recommend that ratio should not exceed 30 to 40 percent for developing economies. Nigeria is running at nearly four times that benchmark. This is the silent crisis. A nation borrowing to grow — but spending to survive. Even more troubling is the absence of clarity. Independent analysts, economists, and opposition voices are all asking the same question: what exactly has been done with the money already borrowed? There are projects on paper. There are approvals in parliament. There are announcements. But there is no coherent, transparent, verifiable accounting that connects the borrowing to real transformation in the lives of ordinary Nigerians. Capital expenditure in early 2025 ran at less than 30 percent of its budgeted allocation. The money approved for development was not deployed. And yet the debt it was borrowed against continues to compound. That gap — between promise and reality — is where distrust grows. To be clear: borrowing itself is not the crime. Every developing nation borrows. But borrowing without visible results… Borrowing without accountability… Borrowing while poverty deepens and capital spending collapses… That is how nations slide into crisis. The danger is no longer theoretical. Analysts warn that if the current trajectory holds, Nigeria’s total public debt could breach N200 trillion by 2027, with debt servicing absorbing over 90 percent of revenue. The administration has already proposed borrowing a further N17.89 trillion in 2026 — on top of a N30 trillion revenue shortfall confirmed by the Finance Minister himself. A $2.35 billion Eurobond issued in late 2025 was oversubscribed, drawing $13 billion in orders from international investors. The markets have confidence. The Nigerian people are still waiting to see why they should. If the money is working, Nigerians should see it. If it is not, Nigerians deserve to know why. Because a country cannot borrow its way to prosperity while its people are left in the dark. At some point, the question stops being economic. And becomes political. And then, inevitably — It becomes unavoidable. #Nigeria #Tinubu #DebtCrisis #WhereIsTheMoney #Accountability #Governance #Africa #EconomicJustice #KioAmachree

@dawisu 😅😅😅

@ZuntuAbdulfatah @_aichatu @drfatima84 @BashirSZuntu Under which administration does she intend to accomplish all this😅 Fateema, kedai kici rabonki tunda Allah ya qaddara

Nigeria is a big work of art, theatrics

The resignation of Adebayo Adelabu as Nigeria's Minister of Power is a stark admission of failure in one of the country's most critical sectors. Nigerians have endured persistent, crippling power outages that have wrecked businesses, disrupted daily life, and deepened economic hardship, especially amid recent gas supply issues, pipeline problems, and dry-season spikes in demand. This isn't just bad luck or "factors beyond control." The power sector has been a generational embarrassment under multiple administrations, but Adelabu's tenure amplified the frustration. He took office with bold targets—like pushing generation toward 6,000 MW quickly—that didn't materialize at scale, leaving supply hovering far lower and outages routine. Public anger boiled over with questions like "Where is the light?" as homes, schools, and industries suffered. President Bola Tinubu's own campaign pledge was crystal clear: deliver constant, steady electricity, or don't vote for him again. That promise rings hollow when blackouts remain a national norm years into the term, with leadership in the Power Ministry unable to turn things around decisively. Resigning now primarily to chase the Oyo State governorship rather than owning the sectoral collapse—feels like dodging accountability instead of fixing the mess. Continuity in "ongoing reforms" is mentioned, but Nigerians needed results, not more transitions or excuses. True leadership would have prioritized reliable power as a foundation for growth, not treated the ministry as a stepping stone.

"Jan biro maganin dakikin yaro." Ai duk wani jaki wanda bai san kan aiki ba dole yaji tsoron Mallam bulldozer sarkin ayyukan Nigeria da kewaye. Allah yana tare dakai, mutane ma suna tare da kai. Don kayi mungani kuma mun shaida. Badai mutum ba sai ta Allah tayi inshaAllah. Allah Ya kubutar da kai daga hannun azzalumai. Allah Ya karya mana su. Muna maka fatan alkhairi a koda yaushe jagora. @elrufai #iSTANDWITHELRUFAI #SolidarityForeverElrufai #ElrufaiAntiIncompetence

POLITICAL WITCH-HUNT ON BASHIR SAIDU, AN ASSAULT ON DEMOCRACY The events that unfolded today in the case of Bashir Saidu reflect a broader pattern of political intimidation we are witnessing across the country. The decision to revoke a duly granted bail and remand him again in prison, at a critical moment when our party prepares for its primaries, clearly bears the markings of a calculated attempt to weaken and silence voices within the opposition. As a committed member of the ADC, I strongly condemn this action in its entirety. The ruling party must understand that democracy is not a tool for oppression. Using state institutions to harass and frustrate political opponents is unacceptable and dangerous for our collective future. In the ADC, we remain resolute, and no amount of pressure or manipulation will deter us from participating fully and fairly in the democratic process. I call on all lovers of democracy, civil society, and the international community to take note of these disturbing developments. Nigeria must not descend into a system where justice is weaponized for political gain. Free Baba Bashir now! Hon Aliyu AT Kwarbai Bsc, MSc, MBA.

🗣️ Dear Citizens, On December 19, 2025, a promise was made. By March 31, 2026, all capital liabilities from previous years would be cleared, and Nigeria would move to a single, clean budget cycle. No overlaps. No rollovers. Now, look at the date again. March 31, 2026 has passed. So, what happened to that promise? Are all capital liabilities from previous years fully funded and closed? Are we truly operating on a single budget cycle today? If not, what does that mean for transparency, planning, and accountability? And more importantly, what should citizens do when commitments like this are not clearly accounted for? Do we move on, or do we ask questions? #2026BudgetNG #AskQuestions

@dawisu @BayoAdelabu Nigeria is a blessed country. Only a blessing could make someone like Adelabu a minister of power in Nigeria.

Otilo, agent of darkness! Thank You Lord for delivering us from this man @BayoAdelabu. May his successor be a source of joy and light in our lives amin! 🤧🤧🤧

When Olusegun Obasanjo was looking for a Minister of Finance, he picked Malam Adamu Ciroma. A former CBN Governor and seasoned economic and policy adviser. He later picked Dr Ngozi Iweala, a PhD from MIT and a World Bank senior economic manager. Nenadi Usman was a junior minister and her appointment was strictly political. She didn't qualify for the role. When Umaru Yar'adua was appointing a Finance Minister, he picked Dr Shamsuddeen Usman, a PhD from London School of Economics and Political Science, former Central Banker, former university academic, and former UBA manager. He later chose Dr Mansur Mukhtar, MSc Cambridge, PhD Sussex (Economics), Senior Economist, and former DG Debt Management Office. Goodluck Jonathan appointed Olusegun Aganga, Senior Director at Ernst and Young London, MD Goldman Sachs London, World Bank and IMF Board Member. He later reappointed Dr Ngozi Iweala as Coordinating Minister for the Economy. The rot started with the APC administration. Muhammadu Buhari appointed Kemi Adeosun. She has BSc Economics from the University of East London, a Postgraduate Diploma and certified Chartered Accountant as Finance Minister. She didn't even have NYSC certificate. He later appointed Zainab Shamsuna. She has BSc Accounting from ABU Zaria and MBA from Olabisi Onabanjo University. Was Executive Secretary at NEITI but had no relevant professional work experience in finance. Bola Tinubu went tribal. He picked Wale Edun, a former Commissioner of Finance in Lagos and merchant banker. He has BSc, and MSc in Economics from the University of London. He later replaced him with Taiwo Oyedele, A HND holder in Accounting, MSc from Oxford Brookes, and former tax consultant at PwC. He has zero work experience in finance. Dr Doris Nkiruka is a medical doctor. She's a Certified Finance Analyst and MBA holder but have zero work experience in finance administration. Are you wondering why our economy has deteriorated under the APC administrations? The quality of their strategic appointments has been abysmal. It's either tribalism or nepotism. Merit is a second consideration!

UK Prime Minister Keir Starmer has been under increased pressure over his appointment of Peter Mandelson as ambassador to Washington. Al Jazeera’s Jonah Hull spoke to people in the Labour safe seat of Greenwich in London ahead of local elections.

@aonanuga1956 @trueNija Bayo, there’s no need for all this. Political appointments is a service to people and country. As such’ performance must be evaluated periodically. Where goals are achieved, appraisal comes and when otherwise adjustments are made for strengthening. So no need to lie.

STATEHOUSE PRESS RELEASE Wale Edun, former Finance Minister, and Musa Dangiwa, Housing Minister, resigned; they were not sacked Former Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, duly tendered his resignation from office, citing health reasons,  before President Bola Ahmed Tinubu announced his replacement on Tuesday. Also, the former Minister of Housing and Urban Development, Ahmed Musa Dangiwa, similarly resigned and thanked the President for the opportunity given him to serve in the Federal Executive Council. Edun, who clocked 70 on Monday and has battled recent ill health, fittingly submitted his resignation letter on his birthday, thanking the President for the opportunity to serve Nigeria. “It has been a pleasure and privilege to serve your administration and the Renewed Hope Agenda”, his letter read.  “Under your leadership, Nigeria has emerged stronger, more resilient and more internationally respected. “I wish you and the administration every success in the future”, he wrote. On Tuesday, before the Office of the Secretary of the Government of the Federation announced his departure from the Cabinet, Edun paid a valedictory visit to the President at the Villa. He held an hour-long discussion with the president and then left to focus on his private businesses. Dangiwa, an architect, previously served as the managing director of the Federal Mortgage Bank between 2015 and 2022, as well as  Secretary to the Katsina State Government, before President Tinubu appointed him as housing minister in August 2023. Edun, an economist and investment banker, served as Lagos State commissioner for finance between 1999 and 2004, during the tenure of then Governor Bola Tinubu. Before then, he worked from 1980 to 1986 at Chase Merchant Bank (later Continental) in Lagos. He joined the World Bank in September 1986 through the elite Young Professionals program, where he worked on economic and financial packages for several countries in Latin America and the Caribbean.  In 1989, he co-founded Investment Banking & Trust Company Limited (now Stanbic IBTC) and served as executive director. In 1994, he founded Denham Management Limited, which has since become the Chapelhill Denham Group. He served as chairman from 2008 to 2021. President Tinubu has expressed deep appreciation to Edun and Dangiwa for their dedicated service and significant contributions to the administration’s economic reform programme and wished them continued success in their future endeavours. In the same vein, the President has urged the new Minister of Finance, Taiwo Oyedele, to consolidate ongoing reforms and advance the administration’s fiscal and economic objectives with renewed focus, discipline, and innovation. President Tinubu will shortly send the ministerial nominee for housing, Muttaqha Rabe Darma, also from Katsina, like Dangiwa, to the Senate for confirmation. Bayo Onanuga Special Adviser to the President (Information & Strategy) April 22, 2026

There was a time when we waited eagerly for Supreme Court judgments because of the sound legal reasoning, intellectual depth, and moral authority they carried. Today, we sit anxiously, not with confidence, but with suspicion that politics may have entered the courtroom. It is heartbreaking to witness this shift and the steady erosion of public trust in the judiciary.

A clear picture of what and where we are.

My friends, take me back to the good ol' days of Distinguished Honorable Jurists of the Supreme Court such as Justice Chukwudifu Oputa, father of @AreaFada1; Justice Taslim Elias; Justice Kayode Eso; Justice Mohammed Bello; Justice Akinola Aguda; Justice Niki Tobi; Justice Egbert Udo Udoma; Justice Atanda Fatai Williams; Justice Anthony Aniagolu, father of Arise TV's @charlesaniagolu; Justice Augustine Nnamani; Justice Adolphus Karibi-Whyte, Justice Mohammed Lawal Uwais, et al.

@woye1 You know the first time I mate you, you were drunk. And won’t be surprise if you’re still drunk right now. For some one like you to tell me I’m out of my sense” wawa kawai

@Jaaf247 You must me out of your senses to say “calm down”

Supreme Court has reserved judgment oooo as per ADC wahala. 2: don’t forget INEC must monitor your primaries from April 23 to May 30, 2026. -(a): Will INEC monitor your party’s primaries? No be emotion or insults na reality. 3: better find another party to contest. Fight for yourself first 4: no one can predict when the judgment will be delivered.

Renewed Tragedy I finished a TV analysis on the sack of the Ministers of Finance and Housing and a director in a federal ministry called me. It was one of the most emotional discussions I have had in recent time. This guy told me how many technocrats are destroyed by Tinubu’s government refusal to release money for projects. The budget goes to political funds as the World Bank reported. This director said he had never seen this level of state capture. He knew Doris would be downgraded the day she said the truth against official lie. And perhaps that is why a Squeler, an taxation evangelist without candor like Oyedele would replace Edu. He wailed and prayed that somehow God would save Nigeria from Tinubu. His only consolation is that he is going on retirement so he does not continue to deal with hungry contractors and service providers whose bills are not paid because budgets have been tracked and trapped in political funds. I was sobered by this conversation. I ask myself, “who really thinks this administration has done well? Well, only three class of people: 1. Social media influencers who are paid for gigs and are also monetizing, 2. Governors who are receiving windfalls and creating their own political funds, 3. Ethnic bigots who think “it is our turn to eat”, and 4. 1% business pirates whose businesses are part of the platforms for current Ponzi schemes of our economic casino and their accessories I am yet to encounter any Nigerian outside this four categories who believes this government has done well. Let me know if you have.