₦airaland Forum

12 THINGS KENNETH OKONKWO GOT WRONG — OR SERIOUSLY OVERSIMPLIFIED — ON CHANNELS SUNDAY POLITICS

Kenneth Okonkwo came armed with colourful phrases and usual propaganda lines. But once the rhetoric is stripped away, several claims need serious qualification.

1. “FALLING INFLATION WHILE PRICES RISE = VOODOO ECONOMICS.”

Wrong. Falling inflation means prices are rising more slowly. Falling prices are deflation. A car slowing from 120km/h to 60km/h is still moving forward.

2. “₦15.8TN SAVED” MEANS TINUBU GOT ₦15.8TN.

No. The scorecard attributes roughly ₦5.43tn to the Federal Government; states and LGAs received the larger combined share- 10.8 tn.

3. “YOU SAVED ₦15.8TN BUT STILL BORROWED—WHERE IS THE MONEY?”

Bad accounting. Saving on subsidy does not abolish wages, debt service, infrastructure, power support and other obligations. A family can reduce one expense and still have a mortgage.

4. “DEBT ROSE FROM ₦77TN TO ₦159TN, SO TINUBU BORROWED ₦82TN.”

Misleading. Debt stock is not the same as fresh borrowing. Buhari-era Ways and Means securitisation- about 30tn entered the stock, while naira depreciation dramatically increased the naira value of existing foreign debt.

5. “₦34TN WAS GIVEN TO TINUBU’S RICH FRIENDS.”

That is a huge leap. Customs said nearly 60% of the import-duty exemption approvals concerned military hardware; others covered CNG, vehicles, medical equipment, manufacturing inputs and food interventions. Scrutinise the waivers—but don't rename the entire figure “money for Tinubu's friends.”

6. “IT'S OUR CRUDE—JUST SELL IT CHEAPER.”

Fine. But sell an $80 barrel for $60 and Nigeria sacrifices $20. THE BILL MOVED. IT DIDN'T VANISH.

7. HE COULDN'T GIVE ATIKU'S PETROL PRICE.
The seun repeatedly pushed: WHAT PUMP PRICE? Kenneth answered with “affordability.”
But affordability is an adjective. It is not a number. He could just confess that it is still all a guessing game. ATIKU HAS ANNOUNCED THE PROMISE. HE HAS ONLY JUST BEGUN THINKING THE POLICY THROUGH.

8. DOMESTIC CRUDE CAN ESCAPE WORLD PRICES.

No. Government can deliberately sell below international value—but that foregone value is precisely the economic cost of the intervention. Call it whatever you like. Somebody pays. Kenneth’s argument suggests he has never met a basic economic concept called opportunity cost.

9. “DANGOTE IMPORTS BECAUSE TINUBU DOESN'T SUPPLY CRUDE.”

Overstated. Dangote DOES receive Nigerian crude. NUPRC says the refinery required 63 million barrels in Q2 2026—about[b] 692,000[/b] barrels per day—but actually accepted 52.6 million barrels, roughly 578,000 bpd.
The real argument is therefore about the adequacy, pricing and commercial availability of domestic crude, not that Tinubu gives Dangote no crude at all. BIG LIE!

10[b]. IMPROVING MACRO NUMBERS ARE “PAPER ECONOMICS[/b].”

Hardship is real. But FX availability, letters of credit, investor confidence and macro stability are not imaginary. You cannot fix the living room while ignoring the foundation.
A HUNGRY FAMILY NEEDS FOOD TODAY—BUT BURNING DOWN THE KITCHEN WON’T FEED THEM TOMORROW.

11. HIGHER STATE ALLOCATIONS MEAN LITTLE BECAUSE OF INFLATION.

Inflation erodes purchasing power, certainly. But that doesn't automatically erase substantial increases in state revenues and budgets.
The better question is:GOVERNORS, WHAT DID YOU DO WITH THE MONEY?

12. AND THEN CAME THE ECONOMIST.

Kenneth's argument pointed heavily towards reversal. Muda Yusuf's position was more nuanced: the reforms have serious shortcomings; improve cushioning and implementation—but don't simply reverse the reform trajectory and recreate the old distortions.

That was perhaps the most revealing contrast of the programme. KENNETH BROUGHT THE SLOGANS. MUDA BROUGHT THE CAVEATS.

KENNETH BROUGHT THE POLITICS. THEN CHANNELS BROUGHT IN AN ECONOMIST TO CHECK THE ARITHMETIC.

I am glad he was schooled on live TV.

I do not think he will be granting similar invite for the next 5 years.

The National Coordinator and Executive Director of the National Brands Development and Made in Nigeria Special Project Office, George Nwabueze, has denied the allegation of running a “fake agency” in the country.

Nwabueze, who spoke with Sunday PUNCH on Saturday, noted that he oversaw an office which was under the supervision of the Office of the Secretary to the Government of the Federation.

He noted that the office had been in existence for 16 years.

The Independent Corrupt Practices and other related offences Commission had on Friday said the President had ordered Nwabueze’s arrest for leading and promoting the outfit, which it tagged as a fake federal agency.

The ICPC said the accused was running it with the collaboration of senior public servants in the Office of the Secretary to the Government of the Federation.

But responding to our correspondent, the embattled executive director said, “Made in Nigeria Special Project Office is a project office in the OSGF. We don’t know where fake agency comes from. A programme that has been in the SGF’s office since 16 July 2010 was just discovered yesterday (Friday). After 16 years; Nigeria is a funny country.”

Nwabueze spoke while responding to our correspondent’s enquiries on LinkedIn, where he had earlier posted his appointment letter to rebuff ICPC’s claim of illegality.

The letter, dated October 3, 2025, was purportedly issued by the Office of the Secretary to the Government of the Federation.

It was referenced OSGF/MIN/59310/11/205 and signed by the Permanent Secretary, Political and Economic Affairs Office, Nadungu Gagare.

The letter, addressed to “Hon. George Buchi Nwabueze, National Coordinator, Made in Nigeria Project Office, OSGF, Three Arms Zone, Abuja,” conveyed the approval of his appointment as National Coordinator/Executive Director of the Made in Nigeria Project Office under the OSGF.

According to the document, the appointment was for a five-year tenure beginning from July 2025 and was renewable.

“I am directed to formally convey the approval of your appointment as National Coordinator/Executive Director of the Made in Nigeria Project Office under the Office of the Secretary to the Government of the Federation,” the letter stated.

It added that the appointment followed “a careful evaluation of your commitment, contribution, and capacity in delivering on the mandate of the Special Project Office.”

The document listed Nwabueze’s responsibilities to include the supervision and development of programmes, projects and policies; supervision of regional and state coordinators across the 36 states; and organisation of exhibitions, trade expos, economic summits and other promotional initiatives aimed at promoting indigenous products and services.

It further stated that the project was to operate temporarily from Room B53, Ground Floor, within the OSGF complex.

“Please note that this appointment is at the pleasure of the Secretary to the Government of the Federation, and in line with the objectives of the Made in Nigeria initiative under the Renewed Hope Agenda,” the letter said.

Efforts by Sunday PUNCH to engage Nwabueze further on the matter proved abortive as he declined response.


Special status request

Also, another document shared on Saturday on Linkedin by Nwabueze showed that his office sought to be granted the status of a Special Project.

The document, dated April 17, 2025, was signed by the Permanent Secretary, Political and Economic Affairs Office, Gagare, and addressed to the Secretary to the Government of the Federation.

It was referenced PS-PEAO/2025/008/4.

The document, titled, ‘A proposal for the Made-in-Nigeria Project to be granted Special Project status’, stated that the initiative had been operating for about five years and had promoted Nigerian-made products and services locally and internationally.

It claimed that the project had organised economic forums and trade exhibitions in several parts of the world and contributed positively to the Nigerian economy, particularly in the area of foreign direct investment.

The document listed increased employment opportunities, economic growth and poverty reduction among the expected benefits of granting the project special status.

According to the proposal, the initiative would also contribute to Gross Domestic Product growth by supporting local industries and encouraging domestic production.

It further stated that the project would reduce importation by encouraging Nigerians to consume locally made products, thereby reducing dependence on imported goods, conserving foreign exchange and improving the country’s trade balance.

The document added that the initiative aligned with the Federal Government’s efforts to diversify the economy, reduce dependence on crude oil and promote the non-oil sector.

The Permanent Secretary subsequently invited the SGF to note that granting the project special status would enhance its credibility and performance and enable it to meet its mandate and responsibilities.

However, the proposal made clear that the activities of the project were to be reviewed and operational modalities developed.


A fake agency?

The ICPC chairman, Dr Musa Aliyu, SAN, had identified the National Brands Development and Made-in-Nigeria Special Project Office as one of the outfits uncovered during the commission’s investigation into the alleged fictitious Presidential Foreign Intervention Promotion Council.

Aliyu, while briefing State House correspondents in Abuja, said investigators discovered the office while probing the PFIPC and what he described as procedural weaknesses within the public service.

According to him, the office had been allocated space within the OSGF premises without presidential authorisation.

He identified the promoter of the outfit as Prince George Buchi Nwabueze, alleging that he operated under different variations of his name and had the backing of some senior public servants in the OSGF.

The ICPC had described the outfit as part of the structures uncovered during its investigation into the alleged PFIPC.

However, documents released by Nwabueze appear intended to challenge the allegation that the project office had no official backing.

One of the reports shared on the LinkedIn page of the organisation documented a stakeholders’ engagement in Nasarawa State involving Governor Abdullahi Sule.

In the report, the governor was heard saying the state had domesticated the Federal Government’s Made-in-Nigeria initiative and captured it in its 2026 budget.

“For us in Nasarawa State, we have since domesticated this initiative of the Federal Government in our solemn commitment to promote local contents and have value for resources abound in our dear state,” Sule was quoted as saying.

“I’m happy to inform you that we did not only domesticate this project, but we also accord special attention to its operationalisation by including it in our 2026 budget,” he added.

The report also quoted the National Coordinator of the Made in Nigeria Project as saying the initiative was domiciled in the OSGF and was responsible for promoting the national brand.

Nwabueze was further heard saying the decision had been taken to locate a National Brand Processing and Packaging Centre in Nasarawa State.

The organisation’s website also identified “Nwabueze George” as “Executive Director, National Coordinator,” linking the position to the person named in the ICPC investigation.

Checks on the organisation’s website showed a structure featuring national, zonal and state coordinators.

At the national level, the organisation listed Dr Bassey B. Unaowo as Special Assistant to the Permanent Secretary on Political and Economic Affairs in the OSGF, while Dr Hajara Njidda Amoni was listed as Director, National Administration.

The organisation also listed zonal directors and coordinators across several states.

It maintained social media accounts on platforms including Instagram, Facebook, X and LinkedIn under the handle “@pmainpro.”

Office shut for months, says OSGF official

However, a staff member of the OSGF told Sunday PUNCH that the office had been shut for months.

“It was not operating as an agency but I know was under investigation… The office was shut months ago,” the source said.

The development leaves questions over the status of the project office, particularly the conflicting claims over its authorisation and relationship with the OSGF.

While the ICPC maintains that the office was illegally allocated space within the OSGF without presidential authorisation, documents released by Nwabueze show an appointment letter purportedly issued by the OSGF formally appointing him to head the project office.

The OSGF spokesman, Christopher Ugwuegbulam, when contacted, asked our correspondent to write a letter to his office before a response could be obtained.

Efforts to reach the ICPC spokesman, John Odey, proved abortive as of the time of filing the report, as calls to his number indicated that it was not reachable.

Sunday PUNCH gathered that the police had yet to be officially briefed about the suspect.

Credible sources in the police force told our correspondent that a manhunt would only be launched after a formal briefing on the matter.
https://punchng.com/fake-agency-boss-fights-back-with-appointment-letter/

The whole APC thing with forex availability and fuel availability is at what cost?
The cost is more than 4 times the cost of black market price those days for fuel and slightly higher than that of the black market price of the usd then for dollars, meaning that the government of Tinubu has taken over the black market business in Nigeria to raise more money at the detriment of the masses and still borrow for his political survival.
They chose the easy way out, they should convert those trillions of naira to dollars and do the comparison.
even cotonou money is better than our own and since his inception, that hasn't improved. so what has he achieved? nothing

mycar:
The whole APC thing with forex availability and fuel availability is at what cost?
The cost is more than 4 times the cost of black market price those days for fuel and slightly higher than that of the black market price of the usd then for dollars, meaning that the government of Tinubu has taken over the black market business in Nigeria to raise more money at the detriment of the masses and still borrow for his political survival.
They chose the easy way out, they should convert those trillions of naira to dollars and do the comparison.
even cotonou money is better than our own and since his inception, that hasn't improved. so what has he achieved? nothing

You are even half as intelligent as the olodo Kenneth okonkwo that was being quoted,you can imagine how pathetic your situation is.

Crude prices went up because subsidy was removed,subsidy removal then cost the people more because the naira in their pocket got devalued by about 17% .....its simple logic!! Simple enough for a 12 year old.

CharlesCNG:
12 THINGS KENNETH OKONKWO GOT WRONG — OR SERIOUSLY OVERSIMPLIFIED — ON CHANNELS SUNDAY POLITICS

Kenneth Okonkwo came armed with colourful phrases and usual propaganda lines. But once the rhetoric is stripped away, several claims need serious qualification.

1. “FALLING INFLATION WHILE PRICES RISE = VOODOO ECONOMICS.”

Wrong. Falling inflation means prices are rising more slowly. Falling prices are deflation. A car slowing from 120km/h to 60km/h is still moving forward.

2. “₦15.8TN SAVED” MEANS TINUBU GOT ₦15.8TN.

No. The scorecard attributes roughly ₦5.43tn to the Federal Government; states and LGAs received the larger combined share- 10.8 tn.

3. “YOU SAVED ₦15.8TN BUT STILL BORROWED—WHERE IS THE MONEY?”

Bad accounting. Saving on subsidy does not abolish wages, debt service, infrastructure, power support and other obligations. A family can reduce one expense and still have a mortgage.

4. “DEBT ROSE FROM ₦77TN TO ₦159TN, SO TINUBU BORROWED ₦82TN.”

Misleading. Debt stock is not the same as fresh borrowing. Buhari-era Ways and Means securitisation- about 30tn entered the stock, while naira depreciation dramatically increased the naira value of existing foreign debt.

5. “₦34TN WAS GIVEN TO TINUBU’S RICH FRIENDS.”

That is a huge leap. Customs said nearly 60% of the import-duty exemption approvals concerned military hardware; others covered CNG, vehicles, medical equipment, manufacturing inputs and food interventions. Scrutinise the waivers—but don't rename the entire figure “money for Tinubu's friends.”

6. “IT'S OUR CRUDE—JUST SELL IT CHEAPER.”

Fine. But sell an $80 barrel for $60 and Nigeria sacrifices $20. THE BILL MOVED. IT DIDN'T VANISH.

7. HE COULDN'T GIVE ATIKU'S PETROL PRICE.
The seun repeatedly pushed: WHAT PUMP PRICE? Kenneth answered with “affordability.”
But affordability is an adjective. It is not a number. He could just confess that it is still all a guessing game. ATIKU HAS ANNOUNCED THE PROMISE. HE HAS ONLY JUST BEGUN THINKING THE POLICY THROUGH.

8. DOMESTIC CRUDE CAN ESCAPE WORLD PRICES.

No. Government can deliberately sell below international value—but that foregone value is precisely the economic cost of the intervention. Call it whatever you like. Somebody pays. Kenneth’s argument suggests he has never met a basic economic concept called opportunity cost.

9. “DANGOTE IMPORTS BECAUSE TINUBU DOESN'T SUPPLY CRUDE.”

Overstated. Dangote DOES receive Nigerian crude. NUPRC says the refinery required 63 million barrels in Q2 2026—about[b] 692,000[/b] barrels per day—but actually accepted 52.6 million barrels, roughly 578,000 bpd.
The real argument is therefore about the adequacy, pricing and commercial availability of domestic crude, not that Tinubu gives Dangote no crude at all. BIG LIE!

10[b]. IMPROVING MACRO NUMBERS ARE “PAPER ECONOMICS[/b].”

Hardship is real. But FX availability, letters of credit, investor confidence and macro stability are not imaginary. You cannot fix the living room while ignoring the foundation.
A HUNGRY FAMILY NEEDS FOOD TODAY—BUT BURNING DOWN THE KITCHEN WON’T FEED THEM TOMORROW.

11. HIGHER STATE ALLOCATIONS MEAN LITTLE BECAUSE OF INFLATION.

Inflation erodes purchasing power, certainly. But that doesn't automatically erase substantial increases in state revenues and budgets.
The better question is:GOVERNORS, WHAT DID YOU DO WITH THE MONEY?

12. AND THEN CAME THE ECONOMIST.

Kenneth's argument pointed heavily towards reversal. Muda Yusuf's position was more nuanced: the reforms have serious shortcomings; improve cushioning and implementation—but don't simply reverse the reform trajectory and recreate the old distortions.

That was perhaps the most revealing contrast of the programme. KENNETH BROUGHT THE SLOGANS. MUDA BROUGHT THE CAVEATS.

KENNETH BROUGHT THE POLITICS. THEN CHANNELS BROUGHT IN AN ECONOMIST TO CHECK THE ARITHMETIC.

How much has been borrowed by PBAT since he came into power?

Both Keneth and the guy trying to refute him are both intellectually fraudulent charlatans.

Lithiumite:
You are even half as intelligent as the olodo Kenneth okonkwo that was being quoted,you can imagine how pathetic your situation is.

Crude prices went up because subsidy was removed,subsidy removal then cost the people more because the naira in their pocket got devalued by about 17% .....its simple logic!! Simple enough for a 12 year old.

Who is this one?
Any mention of APC makes you loose your senses. You have to revisit my post and this time around read it very slowly to understand it better

Okonkwo the fake lawyer came on TV to claim he is now an economist

He thinks if someone says " I saved money" it means they put it in the bank

He has no idea of basic accounting and money management. No wonder he is with Atiku saying they are bringing back subsidy. Bereft of any logic

hrykanu231:
How much has been borrowed by PBAT since he came into power?

Amerika is owing over 40 Trillion Dollars and their citizens including yourself are still shouting “God Bless Amerika”, while queuing at her Embassy to obtain her Visa, so keep quiet !

Kenneth Okonkwo that they LOVED when he insulted PO is now who they are fact checking?

Reno omokri that insulted TINUBU, started insulting PO, same people LOVED him.

How people celebrate PEOPLE without honour because of external hatred is baffling.

Kenneth Okonkwo don FINISH their messiah of failed miracles and prophecies.

mycar:
The whole APC thing with forex availability and fuel availability is at what cost?
The cost is more than 4 times the cost of black market price those days for fuel and slightly higher than that of the black market price of the usd then for dollars, meaning that the government of Tinubu has taken over the black market business in Nigeria to raise more money at the detriment of the masses and still borrow for his political survival.
They chose the easy way out, they should convert those trillions of naira to dollars and do the comparison.
even cotonou money is better than our own and since his inception, that hasn't improved. so what has he achieved? nothing

LoL
You these children.
Education in Nigeria seriously needs an overhaul.
Of we check now you be graduate ohhh.

Have you every heard the words "Purchasing Power"?
Do you know what the Purchasing power of a currency is?

Do you know that Nigeria economy is growing faster than the US, UK, Germany and many economies that you worship?

You better go back to school.
You can start from JS1, some schools still dey write common entrance.
Get educated ohh

The opposition is the primary reason Tinubu will win massively in 2027.

It pains me to say it.

It's more of sentiments rather than practical arguments.

The move of subsidy removal was agreed by all major parties in 2023. Tinubu foolishly did his own, howbeit riskily, bringing the hardship we experienced today.

If there is an argument against Tinubu, it's how they will operate it better - better still put pressure on the actual distribution of the money realized from the subsidy removal and it's use (which the finance minister did days ago). Any economist will agree with Tinubu's economic policy. The average Nigerian won't. Opposition is to push for more clarity and expose the apparent loopholes. Not to publicly come and discredit subsidy removal.

That move by Atiku just won economic sympathy for Tinubu and his (Atiku) political strategists should know this.

I just came here to read comments and take note of irrational people.

Kenneth Okonkwois an ignoramus QED. It is evident that Kenneth Okonkwo is unschooled and incorrigible.

IgOga:


Okonkwo the fake lawyer came on TV to claim he is now an economist

He thinks if someone says " I saved money" it means they put it in the bank

He has no idea of basic accounting and money management. No wonder he is with Atiku saying they are bringing back subsidy. Bereft of any logic

Peter saved money and put it in a bank ohhh.

Don't underestimate these guys oh.
They can think and do unimaginable.
Imagine we have actually kept the money in the bank, how many states would be able to pay salaries today. We for done privatize some states by now.
All these projects governors are embarking on would just be wishes..... (They could do better tho) but they are trying

Continue twisting the narrative;: there is God o

CharlesCNG:
12 THINGS KENNETH OKONKWO GOT WRONG — OR SERIOUSLY OVERSIMPLIFIED — ON CHANNELS SUNDAY POLITICS

Kenneth Okonkwo came armed with colourful phrases and usual propaganda lines. But once the rhetoric is stripped away, several claims need serious qualification.

1. “FALLING INFLATION WHILE PRICES RISE = VOODOO ECONOMICS.”

Wrong. Falling inflation means prices are rising more slowly. Falling prices are deflation. A car slowing from 120km/h to 60km/h is still moving forward.

2. “₦15.8TN SAVED” MEANS TINUBU GOT ₦15.8TN.

No. The scorecard attributes roughly ₦5.43tn to the Federal Government; states and LGAs received the larger combined share- 10.8 tn.

3. “YOU SAVED ₦15.8TN BUT STILL BORROWED—WHERE IS THE MONEY?”

Bad accounting. Saving on subsidy does not abolish wages, debt service, infrastructure, power support and other obligations. A family can reduce one expense and still have a mortgage.

4. “DEBT ROSE FROM ₦77TN TO ₦159TN, SO TINUBU BORROWED ₦82TN.”

Misleading. Debt stock is not the same as fresh borrowing. Buhari-era Ways and Means securitisation- about 30tn entered the stock, while naira depreciation dramatically increased the naira value of existing foreign debt.

5. “₦34TN WAS GIVEN TO TINUBU’S RICH FRIENDS.”

That is a huge leap. Customs said nearly 60% of the import-duty exemption approvals concerned military hardware; others covered CNG, vehicles, medical equipment, manufacturing inputs and food interventions. Scrutinise the waivers—but don't rename the entire figure “money for Tinubu's friends.”

6. “IT'S OUR CRUDE—JUST SELL IT CHEAPER.”

Fine. But sell an $80 barrel for $60 and Nigeria sacrifices $20. THE BILL MOVED. IT DIDN'T VANISH.

7. HE COULDN'T GIVE ATIKU'S PETROL PRICE.
The seun repeatedly pushed: WHAT PUMP PRICE? Kenneth answered with “affordability.”
But affordability is an adjective. It is not a number. He could just confess that it is still all a guessing game. ATIKU HAS ANNOUNCED THE PROMISE. HE HAS ONLY JUST BEGUN THINKING THE POLICY THROUGH.

8. DOMESTIC CRUDE CAN ESCAPE WORLD PRICES.

No. Government can deliberately sell below international value—but that foregone value is precisely the economic cost of the intervention. Call it whatever you like. Somebody pays. Kenneth’s argument suggests he has never met a basic economic concept called opportunity cost.

9. “DANGOTE IMPORTS BECAUSE TINUBU DOESN'T SUPPLY CRUDE.”

Overstated. Dangote DOES receive Nigerian crude. NUPRC says the refinery required 63 million barrels in Q2 2026—about[b] 692,000[/b] barrels per day—but actually accepted 52.6 million barrels, roughly 578,000 bpd.
The real argument is therefore about the adequacy, pricing and commercial availability of domestic crude, not that Tinubu gives Dangote no crude at all. BIG LIE!

10[b]. IMPROVING MACRO NUMBERS ARE “PAPER ECONOMICS[/b].”

Hardship is real. But FX availability, letters of credit, investor confidence and macro stability are not imaginary. You cannot fix the living room while ignoring the foundation.
A HUNGRY FAMILY NEEDS FOOD TODAY—BUT BURNING DOWN THE KITCHEN WON’T FEED THEM TOMORROW.

11. HIGHER STATE ALLOCATIONS MEAN LITTLE BECAUSE OF INFLATION.

Inflation erodes purchasing power, certainly. But that doesn't automatically erase substantial increases in state revenues and budgets.
The better question is:GOVERNORS, WHAT DID YOU DO WITH THE MONEY?

12. AND THEN CAME THE ECONOMIST.

Kenneth's argument pointed heavily towards reversal. Muda Yusuf's position was more nuanced: the reforms have serious shortcomings; improve cushioning and implementation—but don't simply reverse the reform trajectory and recreate the old distortions.

That was perhaps the most revealing contrast of the programme. KENNETH BROUGHT THE SLOGANS. MUDA BROUGHT THE CAVEATS.

KENNETH BROUGHT THE POLITICS. THEN CHANNELS BROUGHT IN AN ECONOMIST TO CHECK THE ARITHMETIC.

Huge loads of trash. Nothing sensible here.

Atiku has no plan for 2027. He has no plan for simulating the economy.

I watched snippets of the interview and Kenneth failed to make economic sense.

For example, Atiku Fuel Affordability Plan (AFAP) only talked about cost of production of fuel. Atiku cannot decide to sell fuel at any low price because he wants to make fuel affordable. Does Atiku know the cost of discovery, drilling and extraction? Does he know the cost of logistics? You cannot spend ten naira on production and sell at two naira because you want to make fuel affordable. You'd either forfeit collecting taxes and/or royalties or pay the difference. Where will Atiku get the money to do that?

AFAP is voodoo economics and saying something to appeal to gullible voters.

It's wrong to even be in support of Atiku

An A.I-generated thread for Tinubu's lackeys to hyperventilate on.

"If Atiku dares returns subsidy and fuel comes down to 500 naira, I will not buy!" - Tinubu’s lackey

Exousiang01:
LoL
You these children.
Education in Nigeria seriously needs an overhaul.
Of we check now you be graduate ohhh.

Have you every heard the words "Purchasing Power"?
Do you know what the Purchasing power of a currency is?

Do you know that Nigeria economy is growing faster than the US, UK, Germany and many economies that you worship?

You better go back to school.
You can start from JS1, some schools still dey write common entrance.
Get educated ohh

If you really went to school like you claimed, you'd know that we are saying the same thing regarding the purchasing power but claiming that Nigeria economy is growing faster than that of the US, UK, German is the biggest fallacy of the century, a country is as good as its currency and his people's standard of living.
Just one example for you, In may 2023 , one Benin Republic CFA was traded at the rate of N0.76 naira, that is, 1 naira equal to 1.30 CFA, and do you know what the rate is today, 1 CFA is equal to 2.40 naira. and you believe that you economy is growing?
economy can only be seen to be growing when he is able to surpass where it took it from.
I guess you are the one that really needs the education

Since APC goons have decided to visit us with nonsense becasue Atiku proposed a remedy to the cruel hardship imposed on Nigerians, they should tell us their own version of the solution to the following problems. (1) Why does the price of fuel keep fluctuating mostly upwards and not down wards? (2) Do they agree that high petrol prices affects our lives by imposing hardship? (3) If they do why haven't they taken measures to bring down the price down. (4) If they they don't why do they think so? (5) When Tinubu was imposing his reforms did he not know when the benefits will appear? (6) If he does , when will this be?. (7) If he can't be specific about the date , does it mean he gambled with our lives hoping that somehow something will work?

IgOga:

Okonkwo the fake lawyer came on TV to claim he is now an economist
He thinks if someone says " I saved money" it means they put it in the bank
He has no idea of basic accounting and money management. No wonder he is with Atiku saying they are bringing back subsidy. Bereft of any logic

What logic do you have since you follow the balablu bulaba expert of amalanomics, a worse version of voodoo economics

anonimi:
March 8, 2013
Nigeria operating voodoo economy – Tinubu

FORMER Lagos State Governor, Asiwaju Bola Ahmed Tinubu, yesterday, dissected Nigeria’s economy and declared that the country was operating a voodoo economic policy that is pauperising the citizenry and urged urgent economic surgery to save the polity.

For instance, Tinubu wondered why the Federal Government is maintaining a foreign reserve of $46 billion with one or two per cent interest and shouldering a load of $42 billion domestic debt, which it services with 16 per cent interest.

“This is voodoo economy,” he said, adding, “they are operating it because they don’t know what to do. It is choking the private sector.

“We must in this country do away with the idea of ‘it is better save the money and spend the people.’ Rather I will say we should adopt the policy of ‘it is better to save the people and spend the fund.’

https://www.vanguardngr.com/2013/03/nigeria-operating-voodoo-economy-tinubu/amp/

Image123:
It's wrong to even be in support of Atiku

Of course it is wrong since Tinubu is paying subsidy with a fancy name, as the balablu bulaba master of propaganda deception that he is.

anonimi:
NNPCL’s subsidy payment jump by 47.9% to N7.1trn in 2024

November 26, 2025

The Nigerian National Petroleum Company Limited (NNPCL) paid a total of N7.1 trillion as subsidy for premium motor spirit (PMS) in 2024, this sum represents a 47.9 percent increase from N4.8 trillion recorded in 2023.

This is despite the government’s announcement of subsidy removal in 2023.

The company explained that the amount, which it termed ‘energy security expense’ arises when there is differential between the exchange rate used to freeze the premium motor spirit ex-coastal price and the prevailing rate at the point of import settlement.

According to the report, government had instructed that NNPC Limited cannot sell its PMS above a certain regulated price. It added that the cost of petrol import is usually much higher that the regulated price.

https://businessday.ng/news/article/nnpcls-subsidy-payment-jump-by-47-9-to-n7-1trn-in-2024/?amp

He got a lot of things right too

Think about that

emkz:
Atiku has no plan for 2027. He has no plan for simulating the economy.

I watched snippets of the interview and Kenneth failed to make economic sense.

For example, Atiku Fuel Affordability Plan (AFAP) only talked about cost of production of fuel. Atiku cannot decide to sell fuel at any low price because he wants to make fuel affordable. Does Atiku know the cost of discovery, drilling and extraction? Does he know the cost of logistics? You cannot spend ten naira on production and sell at two naira because you want to make fuel affordable. You'd either forfeit collecting taxes and/or royalties or pay the difference. Where will Atiku get the money to do that?

AFAP is voodoo economics and saying something to appeal to gullible voters.

Atiku did it before as the brainbox of Obasanjo era deregulation and privatisation policies for 16 years PDP prosperity, peace and security with high productivity, low debt, low unemployment etc.

He will do it again and the time is NOW!

How long did it take for telecom prices to crash after the sector was deregulated a quarter century ago?

Imagine if NNPC refineries privatisation was upheld like its petrochemicals division below?

anonimi:
How Indorama sustains manufacturers, boosts Nigeria’s FX earnings

Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.

The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.

Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.

The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.

The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.

https://businessday.ng/real-sector/article/how-indorama-sustains-manufacturers-boosts-nigerias-fx-earnings/

if our debt is 158trn naira as against 87 trn he meet, then our debt has reduced. Read it twice!

anonimi:
Of course it is wrong since Tinubu is paying subsidy with a fancy name, as the balablu bulaba master of propaganda deception that he is.

Check FAAC and get a reset.

Image123:
Check FAAC and get a reset.

Check petrol prices and hyperinflation rates for your reset.