CEO FAR, Channels Bus Editor (2015-2020) Arise TV (2020-) BloombergTVA (2013-2014) Pearl Awards (2007 & 2019) NIPR Award (2020) African Energy Media Awards 2023
Dear Nigeria movie producers. Please let's make good use of all the new railways being built cross country. Give us some good scenes on those coaches and train stations. Thank you.
Don't ever fall for the fallacy that the problem of Nigeria are the Leaders. No country or nation is run by imported Leaders. They are indigenous as the Followers.
Dear Friends:
Today Tuesday February 11, 2020 I formally conclude my 5-year contract with
@channelstv
as the Business Editor.
This is a formal Thank You to all Viewers Like You and to everyone in the loop.
Warm regards from
@BBoason
Nigeria's June inflation just released with nearly ALL the indices in positive territory - headline, food, core, urban & rural. Why is Tweet Street in near silence? You folks don't like good news???
The greatest reform or task that any Nigerian government has to do is not power, infrastructure, jobs, healthcare, water oe food. It is the
#mindset
of a typical Nigerian. That's the greatest reform of all.
Sometimes I can't help but pity President
@MBuhari
1st-Term: Months into tenure and it was oil price dip and recession.
2nd-Term: Months into tenure and its
#COVID19
oil market complete crash and economic recession.
Any country in which the political industry is its biggest and viable job market, with rapidly increasing job seekers and non-retiring employees, then you've gotten serious issues on your hands.
Nigeria is one country populated by funny folks. Everybody wants nice quality inported goods and products from toothpicks to private jets, yet hardly anyone willing to lift a finger and produce same in the country.
So, the
@cenbank
failed to present its annual financial statements to the
@nassnigeria
and publish the same for nearly all the 8 years of
@MBuhari
administration...yet the oversight committee of both Chambers kept quiet...
Nigeria Minister of Health begs Nigerians to donate their buildings as
#isolation
centres.
What about:
-all the Abuja, Ikoyi Lagos buildings and estate facilities seized by
@officialEFCC
and
@ICPC_PE
This is NOT TRENDING:
VP
@ProfOsinbajo
told grand audience at
#NES24
opening conversation on Monday that those calling his phone lines to plead on behalf of corrupt persons under investigations are majorly
#religous
leaders and
#traditional
rulers.
About two (2) months ago, I requested here on twitter that President
@MBuhari
sets up an all private sector led Economic Advisory Council. Mr President just did. He also scraped the extant Economic Management Team. New team reports directly to Mr President himself.
JUST IN: Nigerian Breweries Plc and CrossBoundary Energy Limited (‘CrossBoundary’) have signed a Solar Power Purchase Agreement for the installation and operation of a 650 kW solar plant located at our Ibadan Brewery. The solar energy plant will become operational this year
-Agric up 2.46% in 4Q
-Manuf up 2.35%
-Construction up 2.05% vs. 0.54%
-Rail Transport up 4.95%
-Air Transport up 23.7% in 4Q 2018 vs 4.71% (4Q 2017)
-ICT jumps 13.2% vs 12.09 (3Q) and -1.46% (4Q 2017)
-Telecoms 16.67% YoY (vs. -3.28% in 4Q 2017)
-Arts/Entert. 4,18% vs 2.83% QoQ
October 4, 2019: I just produced my first ever selfie Lagos traffic report. Sorry, I couldn't smile for the cameras. Lol
@OlufemiAwoyemi
@sojapa
Please Like my video and Retweet. The person who should take care of nasty Lagos roads is likely on your TL. Thank you.
Nigeria setting up a new National Microfinance Bank:
Dateline: January 2019
Capital: NGN5bn
Partners: CBN, Bankers Committee (all banks) and NIPOST
Aim: Boosting financial inclusion at the grassroots using all NIPOST offices cross-country as branch network.
Kano keeps putting Nigeria on the map with export of leather to Italy and other countries in Europe. About $600m is made yearly exporting leather from Kano and the Northwest. This is the biggest tannery in Africa and they play a huge role in the increasing export of hides .
If you were born on January 1, 2000 you would be aged 21 by January 1, 2020 - the year that Nigeria made so much noise about, but not likely to deliver on any of the tangibles.
Excuse me, please: Has the
@nassnigeria
leadership ask both Senate and Reps Committees on Security to set up ASAP a Joint Public (televised) Enquiry sittings for at least the past 3 Police IGs, DIGs, HM Police Affairs and the current ones, etc. to drill into
#SARS
etc affairs?
News: All Nigerian Federal Ministries, department and agencies/parastatals are now to report/publish their quarterly and full year financial statements, just like all listed companies on the stock exchange. That's the kernel of
@MBuhari
new Financial Transparency Policy & Portal
Three questions only for the incumbent CEO
@MBuhari
1: What are being done now that would be done differently or anew if re-elected?
2: What are things not being done now that would be done under a new term?
3: What are being done now that would be jettisoned or be retained?
JUST IN:
@cenbank
Chief
#Emefiele
says 'printing money' to augment federal & state financial position is part of CBN lending to the government. He recalled hundreds of billions of Naira
@cenbank
gave as bailouts to State Govts during 2016 recession but not yet refunded.
How on earth did we build Abuja Nigeria's capital and run it for about three decades without any inter-city metro line? Was it to showcase our fleet of exotic cars and convoys etc?
Dear Sir, Do we have a list of the beneficiary families of the NGN5,000 monthly disbursements somewhere where their names and payments can be independently verified (e.g. via BVN numbers, etc). Thank you
@GarShehu
The USD 322m recovered is being used to make the Conditional Cash Transfer, CCT of a monthly amount of N5,000 to more than 300,000 poor homes across the nation under the Social Investment Program introduced by the Buhari administration.
Be smart. Don't throw away Pres
@MBuhari
New Year 2020 Letter:
-
#Cement
and Construction sector stocks will lead (road, rail, housing)
-
#Agric
sector companies and stocks will benefit
-Keep your eye on
#electricity
#oil
and
#gas
This is really disheartening!!! Not one of all the chief problems that Nigeria was battling as at 1999 had been FULLY resolved to date in 2021 - roads, power, petrol, water, education, jobs, agriculture, rails, housing, etc. NOT A SINGLE ONE.
''The people who profit from corruption usually spend their ill-gotten gains on houses they don’t live in and cars they don’t drive; at the expense of people who have neither.''
The payment of liquidated
#NigeriaAirways
pensioners is a good move.
Qs unattended:
-How did 32+ airplanes of
#NigeriaAirways
disappear?
-How were the airline's real estate properties in NGR & overseas disposed & to who?
- Are there monies of this airline hanging out there?
Nigerias annual budget...prepared by the civil service, implemented by the civil service and 80% of it delivered into the pockets of the civil servants.
Your Excellency President
@MBuhari
In view of the state of the economy and its outlook, I hereby humbly advise the selection of a small Special Economic (non-Ministerial) Team, comprising entirely of private sector business leaders (not foreign-owned but locally-sited coys)...
This $18bn
@dangote
Refinery was initially scheduled to be located in Olokola, Ondo State but Lagos got it.
Lesson??? Take myopic and selfish interests out of investment decisions at State Government levels. See beyond your personal pockets. See the bigger picture.
Nigeria's
#inflation
, for the second time beats most analysts/economists that predicted runaway figures. May came in at just 12.40% and even Food inflation was tepid. So it's all quiet on this Street. Let's wait for June report.
A country is in serious trouble when it allows charlatans and ponzi schemers teach its youths about financial wealth, leadership, etc and create jobs for them.
Nothing works in Nigeria. So virtually everything is a prayer point on a daily basis.
-Going home from work: Olohun je ki n ri moto o. Olohun je ki ina wa o.
-Going to work: Olohun ma je ki go-slow wa o.
-Visiting a friend: Olohun je ki n ba won ni le o.
So the hawks of are here pushing ''float'' the Naira narrative, right? This is it.
-They are uncomfortable to see Nigerian govt achieving reduction in yield/interest on treasury bills & Naira bonds (c.18.5% in 2017/2018 now c.12%)
Once again,
#Nigeria
has failed to finally complete the country's
#1
highway: Lagos-Ibadan. Delivery date moved forward to 2021 and no longer 2019 ending. Not even 2018.
Anyone has idea how long it can take to print 60bn Naira of 1,000 bills? How it could be shared among 36 State Governors and how each one would bank his own share in vaults? Means of transporting 60bn Naira across Nigeria to each State or bank vaults or containers?
Time to look for trouble: Thought some folks said PMB could barely read, write or understand. So, how's he coping with ZOOM virtual meetings and other digital comms under this pandemic on a daily basis???
Nigerians dissipate so much energy over FX availability, exchange rates, liquidity, sales, etc as if $$$ is the country's official currency. I wish we spend the same energy, zeal and focus on everything that would increase and deepen FX inflows and RETAIN it in the economy.
My brother. The Nigerian economy is fragile, and in so many ways. The CBN has no grouse against crypto trading or crypto exchanges or so. However, with the economy and financial system, nay banks in a near drowning state, you expect such actions as just announced.
Good morning sir
@BBoason
I need your help and clarification on the ban of cryptocurrency by CBN is there any justification/ implications for It. I need your submission as well seasoned financial analyst.
May I respectfully advise that you work on a metro-rail. If you are a megacity or planning to be a modern city, please that's the next level. You've built gigantic bridges, flyover. Look the way of Cairo, Casablanca, etc.
Kano state government has announced plans to float a Mass Transit Service with 200 buses in the metropolitan area as part of effort to create an integrated transport system for the emerging megacity.
The real story or news in Nigeria latest 3Q GDP is not that the economy has entered into a recession, but the gentle recovery and corrections in some sectors as the lockdown reopening starts to take root.
@FrontierAFR
Fellow Nigerians: A major landmark business law, the new Banks & Other Financial Institutions Act (BOFIA 2020) repealing the 1991 Act was signed into law yesteday by HE Pres
@MBuhari
but the govt machinery felt it should wait 24Hrs before it's made public. Thank you so much.
So, Nigeria is now classified a middle-income status country. Good news. But despite all its resources, Nigeria's GDP per capita just hit $1,960 since independence in 1960. That's 60 years.
What's going on, folks. The 1Q GDP report has been out nearly 4-hours now and this TL street is so quiet. Are the numbers (disappointing) or is it the public holiday mood, considering the "Great Expectations" of the economic data?
Strong FX Reserves, up 42% YTD, Current Account surplus of 2.3% of GDP in HY1, FX Swaps, Eurobond issuances, FX interventions, etc. fetch Nigeria a ring side seat among best global emerging markets performers of 2017
FG via
@FinMinNigeria
approached CBN to print money called "Ways and Means" to shore up finances because revenue hits bottom of the barrel. So CBN kept printing until threshold of 5% was breached.
#NASS
or Legislature was well aware of this for 7 odd yrs. Everybody kept quiet.
Tell me why State Governments can't do what Emefiele is doing with rice, maize etc at State levels??? Governors just keep complaining, yet one could afford a global stadium, another airport and another built statues worth millions...Yet can't so simple RICE, MAIZE pyramid. Abeg
@BBoason
I keep wondering why states cannot go into ventures as this under their states ministry of agriculture or possibly go into partnership with private investors. This will be another such of revenue other than the handouts of Federal Allocation.
@JackObinyan
This is the Nigeria where I did exactly same high/back street hawking for pennies of survival some 35 odd years or so ago on the streets of Lagos. Is this the same we are gleefully tweeting about now for the current young generation and ones coming even after them?
Nigeria is one funny country. Its own charity does not begin at home. It loves parading its illustrious sons and daughters in diaspora, who thrived on rich soils of good foreign environment, but fails to provide the same rich soil at home.
The zeal that Nigerian elected officials and politicians pump into elections and re-election are never deployed into socio-economic issues. Billions spent on campaign trail goes into non-productive activities. Zero game.
I can see one huge Massey Children Hospital under construction on Lagos Island - like a twin building of about 10 floors each . Work going on now at this time of the night as well. Who's behind it???
Mr President says he has done his best of 8 years in office. So,he'll be handing over:
-worse FX rates
-worse poverty rate
-worse unemployment rate
-worse debt
-worse revenue level
-worse electricity
-worse cabinet
-worse inflation
-worse 'Japa'
#Nigeria
's President
@MBuhari
second-term in office has started with historic conviction of suspended Chief Justice
#Onnoghen
by Code of Conduct Tribunal. 4 years of hawkish hovering over the justice system, Mr President today catches first Big fish
#anticorruption
Nigerian leaders and the elite hardly use any of the so-called infrastructure they provide- hospitals, schools, rail, public buses/cabs, etc.
So, if a bank execs don't bank with their own bank or own shares in it, why should any investor or others do.
Why are Nigerian State Governors so fixated on resources underground - oil, gold, etc - yet the resources above the ground which is agriculture and it's variants are waiting as easy picks? What if Nigeria has no under the ground resources?
BREAKING: Pres.
@MBuhari
presenting 5 Finance Bills to
@nassnigeria
on -
-Fiscal equity
-Reform tax laws
-Tax incentives for investment in infrastructure and capital market
-Support for MSMEs on Ease of Business
-Raising Revenue for FG
@channelstv
@BBoason
Imagine banning cars/bicycles because the horse-drawn carriage industry was failing.
The CBN, and their policy makers, are being blindsided by their inability to fundamentally understand cryptos and their refusal to see it as anything other than an uncontrollable tool of dissent
Like his predecessors,
@MBuhari
first term of 4 years will end May 29, 2019 without resolving one of
#Nigeria
's most knotty issue - petrol products self-sufficiency via functional local refineries. President Buhari is the
#Petroleum
Minister just as President Obasanjo.
If the Ogun state
#Amosun
weapons handover is true, I hereby reaffirm my strong reservations against the creation of State Police, at least not for now.
COMING UP:
-CBN, Bankers' Committee unveil fresh
#5Crops
NGN200BN special funding for cocoa, sesame seeds, oil palm, cashew & shea butter. Loan for 10-yr at single int. rate
-CBN, banks new funding for creative arts (music/movies, etc). Adverts for requesting proposals in 2-wks
''Nigeria is a land of opportunities'' is not a unique selling proposition, folks. There is no country on planet earth that isn't a land of opportunities.
BREAKING: Finance Ministers, Central Bank Governors of 6 English-speaking West African states condemn
#cotedivoire
President
#Outtara
renaming of
#CFAFranc
as 'ECO'
@jeffphilips1
I am starting to think that we had under-estimated Mr President. First, he got
@NNPCgroup
to become the sole petrol importer and locked the subsidy valve. That deft move is like the TSA, giving him a single window view of imports. Next move is: Where does the
#petrol
go and how?
Who wants Nigeria a better place?
-privatise key sectors and steamline agencies, NLC says no
-reorganise bus parks, markets, etc and NURTW and Market Unions kick
-sanitise steeet trading, okadas and folks criticise govt
Hey
#Nigeria
!!! While you're fighting over the politics & semantics of
#RUGA
#settlements
#milkfx
etc
-New rule for export to
#EU
was to issue birth certificates for
#cows
to determine country of origin, etc to track diseases
-South Africa launches new
#app
for trading in
#cows
I hereby nominate
@toluogunlesi
as The Most Locally-Travelled Media Aide. Nice job on projects update. So where are the Media folks at the Ministry of Transport???
This is AJAOKUTA Station under construction. Filmed today, on
#ItakpeWarriRail
Line. I boarded at Ujevwu community in Udu LGA of Delta State. We departed at 8.12am, and rolled into ITAKPE in Kogi State at about 2pm. 30+ years project, finally running!
#RailUPng
#PMBMeansBusiness
Just an assemblage of hypocritical people who wants every good things of life, but want to travel overseas to enjoy those things, salivating what belongs to others.
This is
@TonyOElumelu
African Union of Entrepreneurship. This is beyond
@TonyElumeluFDN
This is a pan-African Movement of Youths. This is how to rally your future generations into action...and it doesn't really take much.
#TEFForum19
Okay. So, we are done with elections, Presidential inauguration, 9th national assembly inauguration & election of chief officials, right? So, where is President
@MBuhari
next cabinet of Ministers??? Delay is not in the best interest of the economy & the markets.
#GoodMorning
By the way, how long ago was it that Nigeria's petrol scarcity got so worse that we were ordered to physically bring our generators to the gas stations for refuelling?
#NigeriaMessyPower
Sector
-Gas producers are private sector owned, under yoke of FG fiat over gas prices to GENCOS
-Gencos partially owned by FG and private investors
-
#NBET
that owns the national grid is 100% FG owned
-Transmission Coy of Nigeria or TCN is owned by FG