Dr N Aminu
@AminuEcon
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Academician | Macro-finance-and-energy | @CardiffUni alum | @cardiffmet | Global Citizen 🌐 | @DailyTrust Columnist
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Pinned Tweet
Have looked at the $2.25 billion loan document approved by the World Bank.
There are valid concerns that the National Assembly should not rubber-stamp this request. It is similar to Kaduna State's case under el-Rufai.
It is rated as high risk by the World Bank itself. I wonder
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When the old friend is no longer regarded as a friend…
Assimilating
Provoking
Captivating
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“If anyone feels offended by my views about godfatherism in Lagos the person should do his worst, I don’t care”
It’s just getting started…
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The winner has been announced, but the results are still being uploaded to the IREV portal.
What’s the purpose of the electronic transmission?
@inecnigeria
please make it make sense.
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Many will copy the “go to court” script if left unchecked.
These three are responsible for the tragedies of
@inecnigeria
in 2023:
1. Prof. Mahmood Yakubu
2. Prof. Iblis in Kaduna
3. Hudu Ari in Adamawa
It is easier to copy bad behaviour.
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The truth is that Dattijo (of APC) is using quack lawyers for his petition against Mr La (PDP Senator for Kaduna Central). They couldn’t present the fact to the courts and the media.
Aside from losing the case, Dattijo will potentially be sued for defamation of character.
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The institution entrusted to strengthen democracy is undermining it.
Please don’t blame those considering a 𝒑𝒂𝒓𝒂𝒍𝒍𝒆𝒍 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕. The VP is an advocate of it.
Guinea | Binani | Sudan | Yakubu | GO TO COURT | Kaduna | Iblis |
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Justifying the removal of fuel subsidy due to border security inefficiencies is irrational. Nigerian govt never paid for neighbouring countries' fuel subsidies. Smuggling issues should be blamed on border security, NOT subsidy payments.
#FuelSubsidies
#BorderSecurity
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The court has approved
@inecnigeria
’s application to shift the goalposts with 72 hours to go.
Why didn’t they mention it since they started planning over 12 months ago?
It is a need-to-know information if they are interested in transparency and accountability.
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A biased and inconsistent judiciary undermines reputation of a country internationally and domestically. We must commend the politicians, citizens and media who actively condemn abuses of power.
🧵
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Monetary policy is independent and operates at the federal level.
Point: Governors CANNOT dictate how the CBN operates.
They do not control interest rate, money printing, loans and inflation.
It is in the public interest to defend the system by rebuking those behaving badly.
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Soludo wrote this about el-Rufai in 2013 and the little man never recovered from it.
Although there is no single definition of fraud, the online definitions that come to mind as one reads el-Rufai’s book (The Accidental Public Servant) is fraud as course of deception, an
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Questions ⬇️
1. Can a forged asset certificate be used as bank collateral so long you own the asset?
2. Can a forged passport be used as a form of identification and travelling as long the correct details are there?
3. Can a lookalike replace a legally elected president?
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People need to believe that Nigeria can miraculously change. All that is needed is some patience, some promise, some prophecy, some conviction, and perhaps flying some clerics to Makkah and Jerusalem to make it happen.
Of course, it is sarcasm.
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Results!
The longer it is held, the stronger you scream of joy when it comes.
#NigeriaDecides2023
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100 days in Office is on 6 Sep.
PEPT is on 6 Sep.
Planned or Coincidence?
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Kano Emirate Tussle Puzzle
The 2024 law did not exactly follow precedence, hence the crisis.
2019: A law was passed to balkanise the Kano Emirate into five emirates. Sanusi remained the Emir of Kano.
Precedence: This was similar to what Abubakar Rimi did in 1981 when he
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Imposing a cashless* fantasy for Nigeria is like shaving a bald head.
Currency in circulation (N3.2t) relative to Money supply -M2- (N51.7t) is 6.2%.
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The economy needs the cash now, not in 3-6 months time.
The FG/CBN will get away with this until after elections.
The ex-parte motion wouldn’t change anything.
It would take more time to give back the cash (N1.9 trillion) they took from people even if they started paying today.
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The legitimate northern Emirs must reject this sham in Kano. My take.
A Cautionary Note To Northern Emirs, By Nasir Aminu | Sahara Reporters
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How Kaduna State Spent the $350 million World Bank loan based on the disbursement Schedule of the loan document (Annex 3 of its 2017 document of the Kaduna State Economic Transformation Program-for-Results). 👇
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A Kingmaker from the Kano Emirate has secured a court order stopping the reinstanstatement of Sanusi Lamido as the Emir of Kano.
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@von_Bismack
It would be interesting to know if ‘due process’ was followed. When was the job advertised? When the tender process, the bids, the competitors, etc.
Can they be transparent about it? Q
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A Call for Tinubu to Resign to Save Nigeria from further Reputational Damage - Sign the Petition!
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There are Databases that are available for books and journals.
You could visit *Google Scholar*. If the document is paywalled, you can find a preprint version of that article on the author’s institution website.
Otherwise, you can use the following:
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@ibnoToohir
@inecnigeria
@NgLabour
@OfficialPDPNSA
@OfficialAPCNg
Is that what the 2022 Electoral Act says?
Or is this a new rule?
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Life is hard compared to 2020
Cost of living has been rising in Nigeria. Inflation is currently at 15.7%
@channelstv
showed some key indicators:
- Sardine is up by 200%
- Cooking gas is up by 129%
- Fertiliser is up by 220%
- Naira value against the $ is down by 59%
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On 22 November 2022, INEC Chairman debunked delayed transmission as fake news:
... 𝒄𝒊𝒕𝒊𝒛𝒆𝒏𝒔 𝒘𝒊𝒍𝒍 𝒉𝒂𝒗𝒆 𝒂𝒄𝒄𝒆𝒔𝒔 𝒕𝒐 𝒕𝒉𝒐𝒔𝒆 𝒓𝒆𝒔𝒖𝒍𝒕𝒔 𝒊𝒏 𝒓𝒆𝒂𝒍-𝒕𝒊𝒎𝒆 𝒂𝒔 𝒘𝒆 𝒖𝒑𝒍𝒐𝒂𝒅 𝒚𝒐𝒖𝒓 𝒑𝒐𝒍𝒍𝒊𝒏𝒈 𝒖𝒏𝒊𝒕𝒔.
Full video
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What’s happening in “the other room”?
Aisha Buhari is supporting the APC against her husband and the cabals; el-rufai (a rebel) is having 5 interviews in a day; el-rufai’s wife is supporting Buhari and Emefiele’s deadline.
Cashless is priceless 😂 🥤 🍿
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Security Action is needed!!!
@daudalawal_
@officialABAT
@NigerianArmy
@NigeriapolicePR
@nassnigeria
@OfficialDSSNG
@DefenceNG
A CALL TO RESCUE THE KIDNAPPED VICTIMS OF FUG GUSAU FEMALE STUDENTS & HELP STOP KIDNAPPING IN THE NORTH AND NIGERIA
It can be recalled that Armed bandits attacked Sabon Gida village in Zamfara State in the early hours of Friday and kidnapped a number of students of the Federal
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“No going back” has disappointed many.
The announcement is a demonstration of weakness in policymaking.
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@AEAdeola
Yes, according to the world bank Report Number : ICRR0023179
But you are asking the wrong question. Should the loan be approved based on these?
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Kaduna State $350 million World Bank Loan Timeline
30 May 2017 – The World Bank document of Kaduna State Economic Transformation Program-For-Results is published.
see Report No: 115032-NG.
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Breakfast served! Eat to live.
You are what you eat not what eats you.
Adaptation is inherent.
#TinubuIsHere
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The President cannot announce a policy for the Central Bank.
The
@cenbank
is an independent body.
The court must not act out of ignorance and ask anyone to bypass the law.
Point: the Central Bank Governor should have made the announcement, not the President.
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The result of the action is what matters. I will worry less about the misinterpretation and misunderstanding of a single word.
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The project was strictly for service implementation support and reforms; explicitly against hard infrastructure.
As you said, they are political journalists. Given their condition, they can justify anything.
Implementation Completion Report (ICR) Review🧵
@AminuEcon
Mr Tolu disagrees with your submission
My Tolu is a political journalist so bear with him
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They milked him, and he’s dry. He has nothing else to offer.
Tinubu's Useful Northern Idiots, By Nasir Aminu | Sahara Reporters
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A non-existent airline company needs a non-existent airport to land.
2023–Nigeria Air lands in Abuja, costing $250m, according to its start-up budget.
1998– Nigerian sold a non-existent airport in Abuja to a Brazilian for $242 million.
EFCC needs a rebirth.
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Translated opinion column in Leadership Hausa today. Thanks to Aliyu from Nishadi TV for the translation.
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The first method for estimating the intelligence of a ruler is to look at the men around him. - Machiavelli
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@MoghaluKingsley
The post is disgraceful but not surprising.
In one post, this man successfully supported the same impunity he cried about.
Go back and read again.
Is it about who has the power or those in power to follow the laws?
Turn around and see those supporting this duplicitous act.
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Given the public’s interest, here’s a detailed outline of the spending
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Those planning to outsmart Buhari’s Naira redesign plan before the elections
Ganduje - loves trousering kickbacks in USD
el-rufai - lawless & contemptuous. Tens of cases awaiting May 29
Masari - all round bad governance
Yahaya Bello - a fantastically corrupt Governor
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@von_Bismack
Oh, I thought that was why the contract was announced to the public. Don’t mind me. 🥸
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Banks are meant to be places where people keep their cash safely with guarantee that they will get it whenever they need it.
Banks don’t want people to withdraw their funds at all, but they agreed on a policy that people can withdraw their funds at anytime.
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@ShehuSani
No. It’s still a few tens of millions away from a billion— N909.1 million per kilometre to be exact. 😂
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@jakov_coba
@charlesbanky
If someone says it is raining and another person says it’s dry, it is not your job to quote them both. Your job is to look out of the window and find out which is true.
A website that claims Nigeria has 82 visa-free destinations in one paragraph then went to the next section to
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@campbellclaret
See full speech here
We believe in the value of work.
Watch the Prime Minister's full speech on welfare reforms 🔽
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The Lagos Boy’s ‘useful clown’ with a turban didn’t know how to cry when 130 people from his Tijjaniyya constituency died. But he cried today because it will please his Ikoyi Club masters.
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Inflation is at 10.1%. Food inflation is much more higher.
The last time it was this high was in 1982.
The impact is on households who spend all their income on energy and food. They’re also impacted by higher borrowing rates.
The options will be hunger or freezing. Or both.
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How Buhari How Buhari
met Nigeria is running
in 2015 Nigeria now
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Staggering summary of mismanagement of public finances 💰by el-Rufai. He was sighted in Cairo 3 days ago.
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Power is not hidden in any book. Power is in the hands of the people; it resides where the people believe it should reside.
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A neutral position in the face of injustice is to side with the oppressed.
Be against injustice.
#FreeAminu
#JusticeForAminu
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Theory shows that when a society goes through tough economic hardship, its younger generation believes that success in life depends more on luck than effort.
People will support parties that will help people and implement stringent policies, instead of doing things the old ways.
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@MohdYunusa4
Well, you are asking the wrong person. Ask Kaduna State Government and el-Rufai. I am yet to come across any document from Nigeria. Send it my way when you find it 🥸
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“Some say, ‘This is terrorism. This is war.’ Yes, it is war. It is terrorism,” he said. “That is why the Scripture affirms that God stops wars...”
#EndTheOccupation
#StopTheGenocide
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November is the Islamophobia Awareness Month in the U.K. It is a campaign challenging misconceptions about Islam and Muslims.
Didn’t know it existed until today. Thanks to the islamophobes who were triggered by an online troll in Nigeria.
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Why am I not surprised? I think we’re asking for too much from someone who couldn’t investigate the attack on his own life.
“…it’s been about three weeks since the prison attack, and yet none of the people managing Nigeria’s security under his watch, and under whose watch that indescribable attack on a prison in the nation’s capital transpired, is back in the labour market.”
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Insecurity in Nigeria January 2022: Number of deaths and number of victims kidnapped across the country. Produced by
@eonsintelligenc
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You do not have a comprehensive birth, death, marriage, migration or social register, but you want
#Binance
to give you their GLOBAL LIST of investors. I am still looking for the English terminology to describe this audacious behaviour. 🥸
#BinanceNigeria
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Manifestos STILL MATTER, especially during the campaign.
Election manifestos are supposed to lay out the social contract with the electorate. They outline the visions and policies the Party candidate will implement when in office.
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It’s happening!!!
We called it out.
We rejected it.
They killed many who opposed them.
But we will persist.
#OpEd
: Failed Political Interference In Zazzau Will Set A Bad Precedence For Northern Emirates By Dr Nasir Aminu | Sahara Reporters
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I’m certain that I don’t want to meet the Ghana’s economic Maguire 🤣
But good to see Man. United and Harry Maguire are making macroeconomics relatable in the Ghanaian parliament.
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Those who attended the court session were quick to spread fake news about what actually transpired, and the lawyers were comfortable to allow the fake narrative to spread.
They failed to narrate that even the INEC lawyers affirmed that there was no over-voting.
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Population, Poverty, and Unemployment. Two geo-political zones have high poverty rates of deprivation of education and infrastructure. Three zones have high unemployment rates.
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Nigeria’s badly flawed election fails to set an example.
The Editorial strongly suggests the court should take a hard look.
Many don’t have confidence in the court system.
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@emmaikumeh
As expected. I don’t know why the APC candidate challenged the result because he won convincingly.
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@Jethro11738634
@inecnigeria
@official_NNPPNG
@OfficialAPCNg
@PDPVanguard
@NgLabour
Kindly ask Google to educate you on the term “administrative process”. Knowing the basic steps and functions would help your future arguments. 🙂
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Based on 2022 E-Transactions data, without taking the 16 exceptions into account, the estimated
#cybercrime
levy will look like this:
0.5% of Cheque is N76 billion
0.5% of ATM is N163 billion
0.5% of POS is N205 billion
0.5% of Internet (WEB) Transfers is 3.918 trillion
0.5% of
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A display of policy summersaults—suspending the expatriate employment levy and indefinitely postponing the student loan initiative, among many others in the last nine months. These temperamental shifts are a demonstration of incoherent economic strategy. It is bad.
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Good morning to anyone who claimed to know people hiding money in their homes for elections. They will eventually get to deposit it or buy votes. And suddenly, it is fine.
No need to justify. Just find a mirror and look into it. You will see something. Read those tweets too. 💉
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Strikes must attract the necessary attention. Strikes are not meant to be comfortable.
Polite strikes are easy to ignore.
If it annoys the employers, then it is working.
When the social contract—implicit agreements for fair wage and benefit—is violated, you strike.
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If only someone was persistent about these…
- Fuel Subsidy is not gone
- Unified exchange rate is not working
- foreign exchange remains scarce
- Net foreign reserves are opaque
- interest rates still below inflation rate
- CBN independence is needed
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They don’t have the “magic wand” to solve this economic crisis, but they have the “magic money tree” to sponsor their lavish lifestyles. 🥸
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What does the NSA need 0.5% of transactions for?
The NSA's budget for 2024 is N274 billion (pic 1). As a political office, how will this allocation be used, given its lack of mandate to manage accruals?
Do they need more money to achieve the cybercrime objectives (pic 2)?
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May disagree, though, but it’s difficult to say it’s not relatable.
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The
@peopleandplanet
annual sustainability league table is out. Cardiff Met rose 63 places to finish fifth - the highest scoring Uni in Wales.
#sustainability
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Last day of teaching for this academic year.
History of Economic Thought—the only thing that will redeem humanity.
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Those who do not learn from history are doomed to live through it again.
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