Enlightened Centrist. Don't let the occasional good take fool you.
Joined August 2013
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Back to this, when I say Nigerians are economic terrorists it looks like I'm going too far. See what a prof is advocating for.
Let's even ignore the unsustainable currency peg, why will you as an emerging market want an overvalued Currency?
We are convinced that targeting a strategic appreciation of the exchange rate by reasonably strengthening it from ₦1,350/$ to ₦500/$ as part of our manifesto is a winning strategy
It offers a direct, multi-faceted approach to curbing inflation, reducing poverty, and lowering the cost of living
When paired with our core manifesto commitments—such as major infrastructure improvements in security, electricity, and the road network, alongside structural reforms to boost market competitiveness—we can reasonably project a dramatic drop in staple commodity prices:
• Sliced Bread (Loaf): ₦1,750 → ₦800
• Imported Rice (50kg bag): ₦55,000 → ₦27,500
• Yam (Medium tuber): ₦2,400 → ₦1,200
• Maize (50kg bag): ₦75,000 → ₦37,500
• Plantain (Bunch): ₦2,500 → ₦1,250
• Whole Chicken: ₦7,000 → ₦3,500
• Eggs (Dozen): ₦2,300 → ₦1,150
• Garri (Painter): ₦1,300 → ₦650
• Petrol (Per litre): ₦1,350/$1 → ₦500/$1
• Cement (50kg bag): ₦13,500/$10 → ₦2,000/$4
It clearly demonstrates our concrete plan to uplift the 140 million Nigerians currently experiencing multi-dimensional poverty
Nothing is safe again in this brave new AI world.
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen:
• $1.45 billion $BTC
• $875 million $ETH
• $234 million $TRX
• $50 million $XAUT
• $1.57 billion $USDT
• $823 million $USDC
• $75 million $WBETH
• $88.5 million $RLUSD
+ $447.5 million additional cryptocurrencies
This is the largest hack in crypto history.
Agba Quant!!!
We are convinced that targeting a strategic appreciation of the exchange rate by reasonably strengthening it from ₦1,350/$ to ₦500/$ as part of our manifesto is a winning strategy
It offers a direct, multi-faceted approach to curbing inflation, reducing poverty, and lowering the cost of living
When paired with our core manifesto commitments—such as major infrastructure improvements in security, electricity, and the road network, alongside structural reforms to boost market competitiveness—we can reasonably project a dramatic drop in staple commodity prices:
• Sliced Bread (Loaf): ₦1,750 → ₦800
• Imported Rice (50kg bag): ₦55,000 → ₦27,500
• Yam (Medium tuber): ₦2,400 → ₦1,200
• Maize (50kg bag): ₦75,000 → ₦37,500
• Plantain (Bunch): ₦2,500 → ₦1,250
• Whole Chicken: ₦7,000 → ₦3,500
• Eggs (Dozen): ₦2,300 → ₦1,150
• Garri (Painter): ₦1,300 → ₦650
• Petrol (Per litre): ₦1,350/$1 → ₦500/$1
• Cement (50kg bag): ₦13,500/$10 → ₦2,000/$4
It clearly demonstrates our concrete plan to uplift the 140 million Nigerians currently experiencing multi-dimensional poverty
Are they talking about the bonds or one time cash payments?
FG Says It Has Paid ₦1.2trn of Power Sector Debt, Targets Over 19,000MW Capacity
The Federal Government has paid ₦1.2 trillion of the ₦2.3 trillion outstanding debt in Nigeria’s power sector to ease liquidity pressures, support electricity generation and improve power supply nationwide, the Minister of Power, Joseph Tegbe, has said.
Tegbe disclosed this on Wednesday after the Federal Executive Council meeting presided over by President Bola Ahmed Tinubu at the State House, Abuja. He said the government is also targeting an increase in national transmission capacity from 5,000 megawatts to more than 19,000 megawatts to address infrastructure gaps and strengthen grid stability.
He also announced the commencement of a modern National Control Centre in Osogbo, Osun State, to replace the existing 64-year-old facility. The project is expected to improve grid monitoring, coordination and transmission operations across the country.
