The difference in development between my state of origin (Edo State) and Lagos State is just too much.
Izehiuwa Fortune Olaye retweeted
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Izehiuwa Fortune Olaye retweeted
Voter education is honestly one of the hardest parts of democracy in Nigeria.
You will tell someone with the same voting rights as you that 1 + 1 = 2, and instead of engaging with your argument, they start attacking you.
You will hear statements like, “Go to the market and say this. They will beat you up and pour pepper on you.”
But even if they beat me up and pour pepper on me, 1 + 1 will still be 2.
Public outrage does not invalidate facts.
Here are my positions:
1. Fuel subsidy removal was necessary to address fiscal pressures and economic distortions.
2. Tax reforms were necessary to improve revenue generation and fiscal sustainability.
3. The President cannot be expected to perform the responsibilities of governors and local government chairmen. Each tier of government has its own constitutional duties.
We can debate the implementation and consequences of these reforms, but arguments should be based on evidence, not emotions or threats.
Democracy gives us equal voting rights, not equal understanding of governance.
Voter education must go beyond teaching people how to vote. It must teach them how government works and who to hold accountable.
Voter education is honestly one of the hardest parts of democracy in Nigeria.
You will tell someone with the same voting rights as you that 1 + 1 = 2, and instead of engaging with your argument, they start attacking you.
You will hear statements like, “Go to the market and say this. They will beat you up and pour pepper on you.”
But even if they beat me up and pour pepper on me, 1 + 1 will still be 2.
Public outrage does not invalidate facts.
Here are my positions:
1. Fuel subsidy removal was necessary to address fiscal pressures and economic distortions.
2. Tax reforms were necessary to improve revenue generation and fiscal sustainability.
3. The President cannot be expected to perform the responsibilities of governors and local government chairmen. Each tier of government has its own constitutional duties.
We can debate the implementation and consequences of these reforms, but arguments should be based on evidence, not emotions or threats.
Democracy gives us equal voting rights, not equal understanding of governance.
Voter education must go beyond teaching people how to vote. It must teach them how government works and who to hold accountable.
Honestly, it was completely embarrassing to see Peter Obi’s $100 billion debt statement.
Certain propaganda can’t come from the candidate himself.
If it came from someone like Justice Crack, who already made a highly propagandistic and misinformed statement about the student loan.
I won’t be surprised.
Honestly, it was completely embarrassing to see Peter Obi’s $100 billion debt statement.
Certain propaganda can’t come from the candidate himself.
If it came from someone like Justice Crack, who already made a highly propagandistic and misinformed statement about the student loan.
I won’t be surprised.
Let us not mistake small talks like this for the actual failures of governors.
In my state currently, my governor is an APC governor, and we have very, very, very terrible roads, even within the major city. We have no streetlights, and at night, you are literally driving blind.
This is a failure of my state governor. If I call on the President and he snaps his fingers to convince the governor to act, will the President do the same for all 36 states and the FCT, as well as all 774 local governments in Nigeria?
And that is just roads. What about primary healthcare, which is largely the responsibility of local governments? Will the President have to convince them to renovate all 34,076 primary healthcare facilities across the country even after he has already provided them with over 14 trillion naira to work since 2023?
We haven’t even talked about local and state security, primary and secondary education, electricity, and other essential public services.
Changing the national anthem is not the same as delivering effective governance in a democratic system.
We need to start holding all three tiers of government accountable. Nothing less.
Everything else is simply a reflection of our civic irresponsibility as citizens.
Replying to @olayefortune
everybody knows the president does not have constitutional power over governors,The clear point is that he has the influence to snap his finger or wag his tail and they will do his bidding, he has done it and we are seeing it here everyday, they even created an anthem for him.
Let me explain 11 policies and initiatives, how they affect everyday Nigerians, and why implementation matters.
1. FUEL SUBSIDY REMOVAL
Removing fuel subsidies has increased the revenue available for distribution to federal, state and local governments.
How does this benefit you?
Your state government potentially has more money to build roads, equip hospitals, improve schools and provide basic infrastructure.
However, higher fuel and transportation costs have also placed enormous pressure on households. The benefits depend on how effectively governments use the additional revenue.
2. TAX REFORMS
The administration introduced reforms to simplify taxation, protect qualifying small businesses and improve revenue collection.
How does this benefit you?
A small business owner may qualify for tax exemptions, while eligible low-income earners can receive income-tax relief.
A more efficient tax system can also increase government revenue without relying entirely on borrowing.
3. REGIONAL DEVELOPMENT COMMISSIONS
These commissions are intended to address infrastructure and development gaps across different regions.
How does this benefit you?
Communities could benefit from better roads, erosion control, water projects and other essential infrastructure.
But these benefits depend on actual project delivery, not merely establishing commissions.
4. STATE POLICING REFORM
The proposed reform seeks to allow states to establish their own police services within a constitutional framework.
How could this benefit you?
A farmer facing insecurity, or a community experiencing repeated attacks, could benefit from police services that understand local security challenges.
However, state policing is not yet an operational nationwide reform, and safeguards against political abuse remain essential.
5. SECURITY VOTES
State governors already control discretionary funds intended for security-related expenditure.
How does this benefit you?
These funds can support security operations, emergency responses and crime prevention.
But security votes are not a new presidential reform. The real issue is ensuring transparency and measurable results from existing public expenditure.
6. LOCAL GOVERNMENT AUTONOMY
The Supreme Court’s 2024 ruling strengthened the legal framework for direct federal allocations to democratically elected local government councils.
How does this benefit you?
Your local government should have greater financial independence to maintain local roads, markets, sanitation facilities and other grassroots services.
However, financial autonomy must be implemented and accompanied by accountability.
7. ELECTRICITY ACT 2023
The Electricity Act, signed before Tinubu assumed office, created opportunities for states to develop and regulate electricity markets. Tinubu’s administration subsequently amended the law and continued its implementation.
How does this benefit you?
States can encourage electricity investments that could improve power supply to homes, markets, hospitals and businesses.
For a barber, tailor or small manufacturer, more reliable electricity could reduce generator expenses and improve productivity.
8. NELFUND — STUDENT LOANS
The Nigerian Education Loan Fund provides interest-free loans for eligible students in public tertiary institutions.
How does this benefit you?
A student whose parents cannot immediately afford institutional fees may be able to continue studying rather than abandon their education.
Eligible students can also receive upkeep support.
This is already delivering direct financial assistance to beneficiaries.
9. CREDICORP
The Nigerian Consumer Credit Corporation aims to expand access to affordable, responsible consumer financing.
How does this benefit you?
Instead of saving for years to purchase essential equipment, eligible working Nigerians may access credit and repay gradually.
This could help workers acquire productive assets and improve their standard of living.
10. SUPA — SKILL-UP ARTISANS
The Skill-Up Artisans programme focuses on training, certification and improving opportunities for Nigerian artisans.
How does this benefit you?
An electrician, plumber, mechanic or welder can potentially improve their technical skills, gain recognised certification and access better employment opportunities.
This is particularly important in an economy where practical skills can create income without requiring a university degree.
11. PRESIDENTIAL CNG INITIATIVE
The Presidential Compressed Natural Gas Initiative promotes alternatives to petrol-powered transportation.
How does this benefit you?
Commercial drivers and vehicle owners who can access CNG infrastructure may spend less on fuel.
Lower operating costs could eventually help reduce transportation expenses, although that benefit is not automatic.
The initiative also supports investment in gas-powered transportation infrastructure.
@Intrepidtoju watch others here:
xitter.cf/enitandev/status/21183…
What Has Tinubu Done For The Common Man? PART 1
@aniky_bee @Erhi_Orisha @Zamani_WLK @DejiAcre @easydigita @FOLVSHO
Izehiuwa Fortune Olaye retweeted
New rules from Nigeria’s Central Bank (CBN) will require foreign-currency stablecoin issuers, including companies behind dollar-pegged tokens such as USDT and USDC, to maintain at least ₦15 billion ($11.16 million) in paid-up capital to operate in Africa’s largest cryptocurrency market.
The rules, released Thursday evening, will require foreign stablecoin issuers to establish licenced entities in Nigeria and comply with local capital, reserve, and operational requirements or risk losing market access. The CBN also set a ₦10 billion ($7.44 million) minimum capital requirement for issuers of naira-backed stablecoins.
The regulations come nearly three months after the CBN opened the second cohort of its regulatory sandbox in August, creating a dedicated track for stablecoin issuers and other virtual asset companies to test their products under its supervision for the first time.
Read about it : techcabal.com/2026/11/06/cbn…
#Cyrptocurrency #TechCabal
At this rate the CBN needs to cut down yield offers for T-Bills and OMO.
The only way forward, long term, is to prioritize the stock market and infrastructure debt funds.
The FGN needs to aggressively focus on returning-infrastructural investment.
Leave the noise for the noise makers.
Izehiuwa Fortune Olaye retweeted
By offering stable coin USD access to treasury bills, Nigeria is paying the world 17% interest. Nigeria *cannot* maintain a stable exchange rate AND pay this kind of interest, while money supply stays constant.
I’ve given up on them.
The average Nigerian doesn't even know this opportunity exists. Oyibo does, and he's building tech to help other oyibos profit from it.
Educate people about Nigeria's economy and you'll be labelled pro-BAT or APC. Tomorrow, when he builds a successful business, you'll scream colonialism.
We've always got to blame someone right? Because accountability requires looking in the mirror.
Open Market Operations (OMO) offer as high as 20%.
The elections are slowly taking effects of the exchange rate.
On 5 November 2026, the naira closed at N1,350.45 per dollar on the Nigerian foreign exchange market.
That is N4.44 weaker than the N1,346.01 close on 2 November, according to Central Bank of Nigeria data reported by Nairametrics. Interbank turnover that day was about $82 million, down from about $101 million the session before.
















