*REPOSTED*
All well-said.

However, I learnt some hard facts on both Arise TV interview and Channels ‘Politics Today’…

A certain Igbo elder (on Arise TV) said these:
1. Subsidy removal was already done before Tinubu came to power.. Tinubu was ONLY hasty to publicly mention what has been done by the outgoing government.
2. Buhari & Emefiele sold Crude Oil in ADVANCE to collect huge loans, to be paid by the next Govt. So, Obi or Atiku could have been in this same situation if either had won the Presidential election.
3. He further said that only ‘ONE-THIRD’ of the Oil revenue is available for the Government of today; because ‘TWO-THIRD’ of the total oil revenue MUST be paid to where Buhari collected loans, with a SIGNED AGREEMENT to pay with future oil revenue.
4. He said Nigerians should prepare for ‘what next’ because some States and Private companies will not be able to pay the minimum wage.
5. He said Tinubu met a ‘heavy deficit’ economy that was to collapse within three months, if funds were not secured to ‘re-inflate’ the economy. As at then, the indebtedness to China was already huge. ‘Debt to Revenue’ Ratio was above 90 Percent! That is, 90 Percent of Nigeria Oil revenue goes into ‘servicing’ debt monthly! Tinubu asked World Bank & IMF for loans. The ‘terms and conditions’ attached to the loans were ‘removal of subsidy’ and ‘floating’ the Naira. Buhari avoided these two requests from World Bank and IMF and got Nigeria into several Billions of Dollars Debt to pay subsidy and ‘defend’ the Naira for eight years! But by the time Tinubu came in, World Bank or IMF loans became THE ONLY WAY FORWARD.

So, Tinubu took loans to start his government. No part of the loans should be paid to the ‘oil cabals’ as fuel subsidy. And no part should be used to defend the Naira.

This situation would have happened to either Obi or Atiku. And the resultant inflation would have been the same.

Now, Tinubu has achieved something very important within one year in office. The ‘Debt to Revenue’ Ratio has moved from 90 Percent to about 67 Percent! Meaning that, instead of the usual 10 Percent of the total oil revenue per Month, it has IMPROVED to 33 Percent. This is why monthly allocations to the Federal, States and Local Govts have increased by three times.

Now, here is my personal opinion, based on empirical facts and evidences gathered from reliable sources.

Things will change for better within the next two years, if oil revenue is steadily maintained or increased.

As Buhari ‘debt for oil’ swap begins to decrease year on year, Nigeria Govt will soon have more than ‘ONE-THIRD’ of the total Oil revenue per month, translating to higher monthly allocations for FG, States and LGAs.

Fixing the Roads Infrastructure across the Country will help the economy.

Fighting to bring Insecurity to the barest minimum will largely improve Agricultural Production and distribution of goods and services across the Country.

I believe also that, if the FG could find a way to help the Commercial Banks to give out loans at ’20 Percent’ per annum, it would improve the capacity of the manufacturing sectors, thereby cutting down on importation, promoting exportation of locally made goods, etc.

Finally, Nigerians should also focus on the States and Local Govts for developmental projects.

As it stands today, it appears to me that the President is the ONLY PERSON responsible to either ‘RAISE OR RUIN’ the economy of the entire Nation called Nigeria.

This is my humble submission (without claiming to know more than I actually do)

God bless Nigeria!

👆👆👆👆👆👆👆

These are part of what the Federal Government via the President or the Minister for Information should have opened up to Nigerians.

Some nerves would have been calmed and Nigerians, being the hopeful type, would have not jumped for these Protests that are claiming lives and destruction of properies, both Public and Private.

It shall be well with Nigeria. 🙏