@toluogunlesi @drhcimci @ruffydfire I don’t think he understands the bond issue and the payment of the genco outstanding. It’s matter of lack of requisite knowledge to interpret this information
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Mobolaji Hilario
55K posts
Mobolaji Hilario
@orsama
pragmatic&cosmopolitan. #Alternative energy# I like people with depth. Have deep thoughts, fierce passions, dreams, goals, and ambition. Real Madrid too!!!
Ottawa, Ontario Katılım Nisan 2010
6.1K Takip Edilen2.6K Takipçiler
Bro @ruffydfire no dey read ThisDay, no dey watch Arise.
100% subscription of the inaugural 501 billion Naira bond was frontpage /headline news in Jan.
Shocking he has no idea the payments he’s talking about are from bond issuance(s) tapping funds from private sector investors.
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Mobolaji Hilario retweetledi
The level of confusion flying around this ₦4tn vs. ₦3.3tn story is wild, no thanks to charlatans like you.
₦3.3tn = VERIFIED legacy debt. This is money already owed to power generation companies and gas suppliers over the years. Not new spending. Old unpaid debts were finally audited and agreed upon. (These are debts accrued from subsidies.)
₦4tn = BOND (This is a borrowing plan.) A bond is NOT money that has already been spent. It’s how the government plans to RAISE money, usually by borrowing from investors, to pay off that existing ₦3.3tn debt.
Now read that again: One is the DEBT. The other is how to PAY the debt.
Furthermore, approving N3.3tn doesn’t mean money has been spent. It means debts have been audited, verified, and agreed upon by the stakeholders involved. - (2024)
The recent news about the N3.3tn concerns the structured payment plan and how disbursement will happen in phases. It's a basic follow-up to the 2024 news of the approval that also details how much has been paid so far. (2026)
We ask for accountability; now we have one on this issue, and clowns like you are spinning it for political propaganda.
You are a supposed journalist. With the way you speak on air, as if you are the ultimate authority on logical and sensible debate, and with the way you act so self-righteous, positioning yourself as a source of knowledge, you always seem just like another propaganda appendage for opposition.
You need to decide if you want to be a journalist who puts out information or just another stooge of shameless politicking.
There is a reason why news publications don't start and end with headlines: so that sensible people can read and understand what the headline is about.
You are just an idiot masquerading as a thoroughbred journalist.
oseni rufai@ruffydfire
Dear Mr Onanuga, kindly explain why the President will approve 4 trillion Genco bond in 2025 And Approve 3.3 trillion for the same Genco in 2026 And approve 3.3 trillion for Genco in 2024 I am expecting your answer!
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Mobolaji Hilario retweetledi
Bookmark this tweet.
If anyone ask what President Bola Ahmed Tinubu has done, just show them this video and leave without saying a word.
Thanks to Segun Showunmi.
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@gboyegaakosile @Tosquo @officialABAT What's the big deal about this
Why spending so much money on a USELESS and UNIMPORTANT projects. When people are hungry. Can't you guys think. Instead of Saving the Money in the Fidelity Bank
And use the gain to buy black Clothes or Build a Brewery
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The Ojota-Opebi link bridge is ready! Yes, it will be flagged off this week by President Bola Ahmed Tinubu, GCFR. This is a transformational and strategic project delivered by Governor Babajide Olusola Sanwo-Olu.
It is a promise made and well delivered!
@officialABAT
@jidesanwoolu
@drobafemihamzat
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@eboseiyere @seunosiyemi_ Watch the video
Oluwaseun Osiyemi@seunosiyemi_
The Opebi–Mende Link Bridge is a testament to how strategic infrastructure can transform movement and connect communities in Lagos. By linking Opebi in Ikeja to Mende in Maryland, this bridge creates a new route that reduces traffic around Allen, Mobolaji Bank Anthony, and Ikorodu Road. For Lagosians, this translates to shorter travel times, less stress, and a smoother daily commute. This impactful project, one of the many, driven by @jidesanwolu, showcases effective governance through collaboration between the Ministry of Transportation and the Ministry of Works. It's a prime example of different government arms working together towards a common goal: improving lives. The Opebi–Mende Link Bridge connects communities, opportunities, and a better Lagos, embodying the spirit of progress in Lagos. ...igbega ipinle Eko....ajumo she ni!!!
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@seunosiyemi_ Meanwhile, the opebi/allen road expansion, that is meant to complement the bridge, is still at 60% completion, after 2 years.
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BREAKING NEWS: President of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu GCFR is set to commission a number of Key Infrastructural Projects executed by the Lagos State Government under the leadership of Governor Babajide Sanwo-Olu.
The Projects are:
*The iconic Opebi-Mende-Ojota Link bridge*: This brand new bridge was designed to address major traffic issues and provide alternative routes for motorists traveling from Toyin, Allen, Opebi, Ojota, Maryland and other surrounding areas.
*Lagos State Geographic Information Service (LAGIS) Building, Alausa*: This Office would digitize land records, improve title registration, and lay the foundation for a modern property market.
*The Lagos State Multi-Agency Complex, Alausa*: The Project is a Multi-Storey Structure consisting of 4blocks, on a total site area of 2.01 hectares, enclosed within the State Secretariat to accommodate more parastatals of the state within the Secretariat vicinity
*The mid level Agro food Hub, Abijo, Ibeju Lekki, Lekki-Epe Expressway*: The mid-level Food Hub sits on a 23,000 sqm land with adequate parking facilities, cold and dry storage facilities, and expansive trading floors for vendors.
*The Total Regeneration and full upgrade of the Tolu Schools Complex*: This facility contains 36 public schools - 31 secondary and five primary schools situated in Ajegunle, with new classroom blocks, access roads, sporting facilities, ICT Labs etc
*Maracana Stadium, Ajegunle*: This facility consists of 19 mini football pitches, located in the densely populated Ajegunle Area of Lagos State.
#PBATInLagos
#GreaterLagosRising
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@seunosiyemi_ No housing unit... despite the rising cost of rent in the state... where an average lagosian is now collecting lapo, or opay loan to pay house rent... gutted
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Tolu Ogunlesi@toluogunlesi
I can’t resist the urge to weigh in here, given my vow before God and man to always be there to save my dear brother @ruffydfire from his self-inflicted journalistic shortcomings. What I’m about to explain is publicly available material on Google: These are not different approvals. It’s merely different stages of the same process/program. The FGN has always made it very clear that the 4 Trillion Naira approval was not final. See this news, from July 2025: ‘The figure remains subject to downward revision, pending final validation. “While there is an anticipatory approval of this ₦4 trillion bond programme, it is subject to negotiations and final settlement of agreements. Only the amounts that the federal government validly owes are the things that will make it into the [bond] issuance…”’ Link here, via @vanguardngrnews: vanguardngr.com/2025/07/tinubu… What’s different now / what has changed since then is that, according to @NigeriaGov, those audits and negotiations have now been done and a final settlement of 3.3 trillion reached. And GenCos have started signing settlement agreements. And that’s not all, a first bond has been raised (see @ARISEtv reporting from January 2026), and payments have now finally started to Gencos and Gascos—which is what yesterday’s @NGRPresident statement was all about. Will never tire of telling my dear Rufai that social media energy shouldn’t just be for commenting/trolling, it should also be for research, otherwise one risks descending from journalism to jejune-alism. You have a right to disagree with any policy, and critique it, but this right shouldn’t be based on or fueled by ignorance or by an unwillingness to do basic research. PS. And you should take time to read AriseTV news from time to time. Thank you for your attention to this matter.
QME
3.3 Trillion in 2024, 4 Trillion in 2025, and another 3.3 Trillion in 2026? Onanuga says it’s 'context,' but Nigerians see the content.. Darkness and Debt.
You can't be clearing the same debt every year while the national grid is still on life support. If this isn't a Budgetary Pipeline for the boys, then tell us exactly whose pockets these trillions are entering
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Dear Mr Onanuga, kindly explain why the President will approve 4 trillion Genco bond in 2025
And Approve 3.3 trillion for the same Genco in 2026
And approve 3.3 trillion for Genco in 2024
I am expecting your answer!
Bayo Onanuga, OON, CON@aonanuga1956
Rufai, your post illustrates the danger of reading the headline and not the text. The figures are similar, but the headlines capture two different contexts. By running away only with the headlines to form your conclusion, you have ended up misleading your followers and the general public and of course, generating many clicks, your original intention.. Now read what Minister Adelabu said two years ago and compare with the latest statement from the Presidency: 👇 icirnigeria.org/tinubu-approve…
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Tolu Ogunlesi@toluogunlesi
I can’t resist the urge to weigh in here, given my vow before God and man to always be there to save my dear brother @ruffydfire from his self-inflicted journalistic shortcomings. What I’m about to explain is publicly available material on Google: These are not different approvals. It’s merely different stages of the same process/program. The FGN has always made it very clear that the 4 Trillion Naira approval was not final. See this news, from July 2025: ‘The figure remains subject to downward revision, pending final validation. “While there is an anticipatory approval of this ₦4 trillion bond programme, it is subject to negotiations and final settlement of agreements. Only the amounts that the federal government validly owes are the things that will make it into the [bond] issuance…”’ Link here, via @vanguardngrnews: vanguardngr.com/2025/07/tinubu… What’s different now / what has changed since then is that, according to @NigeriaGov, those audits and negotiations have now been done and a final settlement of 3.3 trillion reached. And GenCos have started signing settlement agreements. And that’s not all, a first bond has been raised (see @ARISEtv reporting from January 2026), and payments have now finally started to Gencos and Gascos—which is what yesterday’s @NGRPresident statement was all about. Will never tire of telling my dear Rufai that social media energy shouldn’t just be for commenting/trolling, it should also be for research, otherwise one risks descending from journalism to jejune-alism. You have a right to disagree with any policy, and critique it, but this right shouldn’t be based on or fueled by ignorance or by an unwillingness to do basic research. PS. And you should take time to read AriseTV news from time to time. Thank you for your attention to this matter.
QME
Open your mouth to explain this simple question clearly.
Why did the President approve ₦4 trillion Genco bond in 2025,
then ₦3.3 trillion again in 2026,
and ₦3.3 trillion in 2024 for the same power sector debt?
While they keep recycling these trillions, ordinary Nigerians are being taxed to death, hospitals have no light or drugs, and families cannot even eat.
The universe is watching how you people are stealing and looting our resources while impoverishing common Nigerians.
Stop the propaganda and give us real answers.
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Tolu Ogunlesi@toluogunlesi
I can’t resist the urge to weigh in here, given my vow before God and man to always be there to save my dear brother @ruffydfire from his self-inflicted journalistic shortcomings. What I’m about to explain is publicly available material on Google: These are not different approvals. It’s merely different stages of the same process/program. The FGN has always made it very clear that the 4 Trillion Naira approval was not final. See this news, from July 2025: ‘The figure remains subject to downward revision, pending final validation. “While there is an anticipatory approval of this ₦4 trillion bond programme, it is subject to negotiations and final settlement of agreements. Only the amounts that the federal government validly owes are the things that will make it into the [bond] issuance…”’ Link here, via @vanguardngrnews: vanguardngr.com/2025/07/tinubu… What’s different now / what has changed since then is that, according to @NigeriaGov, those audits and negotiations have now been done and a final settlement of 3.3 trillion reached. And GenCos have started signing settlement agreements. And that’s not all, a first bond has been raised (see @ARISEtv reporting from January 2026), and payments have now finally started to Gencos and Gascos—which is what yesterday’s @NGRPresident statement was all about. Will never tire of telling my dear Rufai that social media energy shouldn’t just be for commenting/trolling, it should also be for research, otherwise one risks descending from journalism to jejune-alism. You have a right to disagree with any policy, and critique it, but this right shouldn’t be based on or fueled by ignorance or by an unwillingness to do basic research. PS. And you should take time to read AriseTV news from time to time. Thank you for your attention to this matter.
QME
@ruffydfire As a Nigerian wey dey suffer this light wahala every day, I go stay neutral: Oga Rufai dey ask valid question about these repeated trillions for GenCos debts, while Onanuga say na different legacy debts wey dem don verify.
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Mobolaji Hilario retweetledi
Olusegun Osoba: How NADECO was formed, I was arrested following annulment of June 12, 1993 election
In his book, “Battle lines: Adventures in Power,” former governor of Ogun State, Chief Olusegun Osoba, gave clear insight into the circumstances surrounding the birth of the National Democratic Coalition (NADECO), an organisation through which some Nigerians fought against the annulment of June 12, 1993 election that culminated in Nigeria’s return to civil rule in 1999.
In the book, Osoba said:
“As we mobilised against the regime, there were several formal and informal groups formed by people working for the actualisation of the June 12 mandate. I was in a small group with Dr Chukwuemeka Ezeife, Chief John Oyegun and Dr Doyin Okupe.
But the Abacha security goons were monitoring the activities of the pro-democracy and civil rights groups all over the country, particularly in the South-West.
The turning point for Abiola was the inauguration of President Nelson Mandela in South Africa on May 10, 1994, which Abiola attended. He had reportedly received an equivalent of a hero’s welcome at the ceremony to the chagrin and embarrassment of the official Nigerian delegation led by General Abacha himself.
The major organisation that emerged in this period which helped to shape the anti-military and pro-democracy movement was the National Democratic Coalition (NADECO). NADECO was roughly a product of another organisation which existed before the June 12 crisis.
This was the Committee for Unity and Understanding (CUU). The overriding motive of CUU was the campaign for power shift from the North to the South. It was started not long after the Babangida transition-to-civil-rule programme started. Founders and key members of the CUU included Admiral Ndubuisi Kanu, Chief Sam Mbakwe, Mr Ayo Opadokun, Chief Edward Kobani, Chief Lulu Briggs, Commodore Ebitu Ukiwe, Alhaji Abdulazeez Ude, Ambassador Tanko Yusuf and General Theophilus Danjuma.
However, when the June 12 election was annulled, the CUU, in conjunction with such groups as the Movement for National Reformation (MNR), led by Chief Anthony Enahoro, Egbe Ilosiwaju Yoruba, led by General Adeyinka Adebayo, Afenifere led by Chief Michael Ajasin, the Progressive Alliance for Justice and Unity (PAJU), Justice Forum and National Patriotic Front (NPF) and several other pro-democracy and human rights groups like Beko Ransome Kuti’s Campaign for Democracy came together to form NADECO in General Adeyinka Adebayo’s house, GRA, Ikeja. Papa Ajasin emerged as the leader of the new group. The group now included politicians and activists throughout the country who were committed to the validation of the June 12 presidential election results. This was on May 15, 1994.
Eventually, 49 people representing these organisations signed the document establishing NADECO with the following preambles:
Whereas the military as an institution is essentially authoritarian and cannot, therefore, midwife democracy in Nigeria; whereas the Nigerian political class which has been abused, subverted and humiliated in the past ten years for cooperating and working with the military political agenda, how now realised that there is no alternative to democracy in Nigeria; now therefore, the leaders of the major democratic and progress organisations and eminent Nigerians hereby resolve to create a nationwide, broad-based political reform where all democratic and progressive forces can find accommodation for a joint struggle for the restoration of democracy and true federalism in Nigeria.
The founding 49 signatories to NADECO were: Chief Michael Adekunle Ajasin, Mallam Lawal Dambazzau, Commodore Ebitu Ukiwe, Chief Anthony Enahoro, Major General Adeyinka Adebayo (retd.), Chief Bola Ige, Commodore Dan Suleiman, Dr Chukwuemeka Ezeife, Professor Anya O. Anya, Colonel Yohanna Madaki, Reverend Father Moses Adasu, Dr Beko Ransome-Kuti, Reverend Tunji Adebiyi, Chief Ade Ojo, Chief Ralph Obioha, Chief Empire Kanu,
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Mobolaji Hilario retweetledi
Chief Michael Anyiam, Dr. Sola Soile, Vice Admiral Akin Aduwo, Chief E. Duru, Mr. Nick Dazzang, Mr. Labaran Maku, Dr A. A. Akingba, Mr Babas Eko Oyekanmi, Mr Alex Ayatolla, Mrs Sarah Jubril, Alhaji Ganiyu Dawodu, Mr O. P. Edodo, Mr A. Barber, Otunba Olabiyi Durojaiye, Bola Ahmed Tinubu, Chief Olusegun Osoba, Chief John Odigie-Oyegun, Prof. Bolaji Akinyemi, Alhaji Mohammed Siraj Hamza, Dr. Wahab Dosunmu, Otunba Aboyade Cole, Major General Olufemi Olutoye (rtd), Chief Sobo Sowemimo, Dr. Steve Achema, Chief Olaniwun Ajayi, Chief Olu Falae, Jonah Jang, Chief Abraham Adesanya, Chief Ayo Adebanjo, Mr. Alao Aka-Bashorun, Mr. Emmanuel Njiwah, Chief Vincent Nwizugbo and Dr. Uma Eleazu.
When Abiola returned from South Africa in May 1994 he was renewed and re-energizsed. NADECO leaders invited him to a meeting where he was asked to confirm if he was ready to actualise his mandate and lead the struggle."
OSOBA'S ARREST IN HIS HOUSE
“Soon after NADECO was formed in May 1994, I was arrested in my house and became the first of many others to follow later. I called the BBC correspondent on my mobile phone to announce my arrest which was immediately relayed live on the BBC Radio World Service as I was being driven to the police headquarters in Kam Salem House, Lagos, where I would be detained.
The security agents were everywhere looking for other NADECO leaders to arrest. The man in charge of my interrogation was one Auta, a deputy commissioner of police. I was left in very humiliating condition in a large, rat-infested office where about twenty policemen had their desks. Once the policemen closed for the day, the big rodents took over. A combination of four desks served as my orthopaedic bed.
However, I was lucky that one of the commissioners of police at Kam Salem House, then Prince Rilwanu Babatunde Akiolu – who later became the Oba of Lagos as Oba Rilwanu Babatunde Akiolu 1 – gave me the key to his office and asked me to sleep there every night.
I was grateful for this but was apprehensive that I could put Akiolu in trouble if found to be aiding and abetting an ‘enemy’ of the regime. He asked me not to worry. I also used his office phone to contact my colleagues in the struggle.
Later, Commodore Dan Suleiman and I were charged to court for forming an ‘illegal organisation called National Democratic Coalition (NADECO).’ Interesting enough, the man who led our defence in court was Chief Abraham Adesanya, himself a leading member of that ‘illegal organization.’ Others like Chief Enahoro and Dr Beko Ransome-Kuti of the Campaign for Democracy were also arrested. Former Governors Bola Ige and Balarabe Musa were also detained with us briefly.
Indonesia
@BolajiADC @BowaleOfLagos Stol this online shenanigans and face the original work. That’s how u won’t know u v court cases to iron out and settle rancor amongst the top leaders of your party. U go de make waste their emotions on ADC.
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Two years later:
After the Plateau "no light" airport stopover disaster, President Tinubu’s cover up is to re-approve the same N3.3 trillion that he approved in May 2024.
Is it that he forgot?
Or is this propaganda taken too far?
This affliction too shall pass.
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@od_ENCO @thefireofOla Una Dey waste strength with small boy. If Una see am physical you go shake head. Do not have time for such kinds.
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Mobolaji Hilario retweetledi
All of you dunderheads holier than thou Christians in Nigeria, claiming Iran murdered their people during protests even after the Government and majority of the people denied this, can you see that you are foolish.
They tell you what you want to hear and you run like headless chickens with it.
Al Jazeera English@AJEnglish
BREAKING: US President Trump told US media that Washington tried to send weapons to Iranian protesters earlier this year “through the Kurds”, but that he believes the weapons never reached protesters. 🔴 LIVE updates: aje.news/j1bmee
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Mobolaji Hilario retweetledi
I will continue to expose Israeli crimes against humanity.
The ethnic cleansing of Palestine 🇵🇸 is an affront to God.
Palestinians have been abused, raped, & tortured by Israel 🇮🇱.
We must keep exposing their crimes against children.
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Mobolaji Hilario retweetledi
@RaniaKhalek With so many blatant falsehoods, where do you start? Too many politicians in America still repeat the same ridiculous script
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Mobolaji Hilario retweetledi
MR PRESIDENT.....WHERE IS THE MONEY SAVED FROM SUBSIDY......
In 2023 the Buhari govt projected N6trillion for petrol subsidy....
Nigerians were consuming about 67million litres of petrol daily between January to May in 2023...
The cost of a litre of petrol in these period was N167 per litre....
The Buhari govt proposed N6trillion subsidy...it means the govt was paying about N250 for every litre of fuel every Nigerian consume @ N500billion Monthly and about N17billion for every 67million litres consume daily......
Invariably a litre of fuel under Buhari was about N417( adding what consumers pay plus what govt pay).... That was almost $1 per litre.....
The Naira devaluation was inevitable.. so at almost $1 a litre of Petrol is supposed to be N1300 today... With govt paying about 60% of every litre of fuel a Nigerian, a Benonis, a Nigerian, Cameroonian and others were buying....
The Tinubu govt would have been paying about N780 for every litre In the 67million daily fuel consumption....that would have been N19trillion annually....
In 3 yrs the Tinubu govt saved Nigeria almost N60trillion....
So Mr President....Where is the N60trillion.....
In 2023 Buhari budgeted N21trillion....
Buhari was expecting a N10trillion revenue....
Buhari was hoping to use over N8trillion to pay salary...
Buhari was hoping to use over N6trillion to service the huge debt he was owing...
So without borrowing...he can't pay salary, he can't service his debt...
There is nothing like capital for project....
There is nothing like capital for subsidy.....
All those asking Tinubu for the money he saved from subsidy...were too busy dancing on TikTok to ask how Buhari got money to pay for subsidy...
Buhari Minister of finance was crying profusely that they were borrowing to pay subsidy...and even borrowing to pay debt... But those looking for where Tinubu saved subsidy monies where busy watching skits...
It's D**mb to think Nigeria will save what it doesn't have.... Obasanjo borrowed to pay subsidy....
Jonathan borrowed to pay subsidy....
Buhari borrowed to pay subsidy....
Tinubu would have borrowed almost N60trillion to pay subsidy
Nigeria public debt could have long crossed N220trillion.... And would have long been bankrupt and probably pack up completely....
It's outrageous to see some cl****wns asking id***tic question about subsidy saving.... They live but don't exist....
It is because of those asking these id***tic questions that made the Urhobos to say....
It is better to born a thief than to born a mumu....
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@pesce2219 @charlesbanky @netgeria Just imagine if the banking sector collapsed today , how will it affect u and the masses ? Then imagine what this recapitalization ( restrengthening ) have ✔️ done to it and the chaos it averted .
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@charlesbanky @netgeria Please the convo is meant for who … I wan know if Nigeria is meant to be understood by the few … because complains will keep happening if the policies are not showing direct impact.., majority of the populist use pos now ..Please I want to learn how it directly affects us ✌🏽
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Mobolaji Hilario retweetledi
