Opinions are my own, unless I’m being held hostage. Retweets are only to encourage debates, RTs and ❤️s != Endorsements
The Free City of Braavos
Joined January 2010
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Jay retweeted
Gbadebo Rhodes-Vivour 2027 Manifesto
@GRVlagos, the African Democratic Congress (@ADCNig) candidate for the 2027 Lagos State governorship election, has outlined a "people-centred" manifesto. His program focuses heavily on urban planning renewal, decentralised infrastructure, and social welfare to address challenges faced by ordinary residents.
proshare.co/articles/gbadebo…
Jay retweeted
Ọ̀nà Tuntun, The New Way for Lagos - The Funso Doherty Manifesto - 2027
"Ọ̀nà Tuntun" (The New Way) is the official 2027 Lagos State governorship campaign manifesto of @funsodoherty, the candidate representing the Nigeria Democratic Congress (NDC). Unveiled in October 2026 alongside his running mate, Tolani Animashaun, the comprehensive 34-point blueprint targets critical deficits in public infrastructure, human development, and governance accountability across Lagos State.
proshare.co/articles/ona-tun…
Jay retweeted
Did you ask the gangs to comply with international human rights law?! Yall are part of the problem, it’s clear
The Prime Minister of Haiti, Alix Didier Fils-Aimé, and the President of El Salvador, Nayib Bukele, must ensure that all operations conducted by Salvadoran forces in Haiti comply with international human rights law.
bit.ly/3UOTZLU
Jay retweeted
Yesterday GRV said he’s going to abandon the 4th mainland bridge idea and replace them with 3 proposed parallel bridges.
Unfortunately his proposal is worse than what the Lagos state government currently has in place.
I don’t know if he did that ignorantly (which is an embarrassment to his MIT architectural degree) or he intentionally twisted the facts to deceive the gullible public who don’t have access to the plans of the state.
Jay retweeted
Proximity to Family, winter, ambition for impact, winter, loneliness , freedom, winter and abroad see finish. I’ve been everywhere, no jokes there’s still no place like home (I fully acknowledge my privilege).
Jay retweeted
Nigerians do not know how to have normal connections to public figures. They are trapped in unhealthy parasocial relationships with politicians. Once a Nigerian has accepted a politician as their god and personal savior they lose all sense.
Do you want a public servant or a king? A politician you can hold accountable or a prophet who you kneel before and fellate?
Politicians are not your friends. They are not your gods. They are not your saviors. They should be working for you and should always be challenged, especially when you are voting for them.
Jay retweeted
Official Statement: Update on the Hall Incident
Babcock University confirms that the student involved is alive, responding well to treatment, and receiving the necessary medical care. His parents are on campus with him.
Please read the full statement attached.
Jay retweeted
The budget implementation report up to H1 2026 has been released. Alhamdulilah. A couple of things that struck out for me:
✑ The figures reported by the Budget Office are materially different from those reported by the World Bank in their report. This release takes more weight, so we’d work with these figures as the true FG numbers. I hope they do not have to make us wait this long again.
✑ Revenue stood at ₦11.9trn in H1 2026, 36% below budget, but 9% higher than the previous period.
✑ Debt service as of H1 2026 stood at 66%, a very respectable figure compared to 84% in H1 2025. Since the current administration took over, debt service has been 69% in FY 2023, 60% in FY 2024, 68% in FY 2025, and now 66% based on the H1 2026 run rate.
✑ Even more impressive is that decline in debt expense. Foreign debt declined by 47%, most likely due to a combined impact of debt maturity and Naira appreciation.
✑ Capex grew by 179% to ₦4.2trn. Core capex stood at ₦1.7trn, up 253% y/y. The base in H1 2025 was ridiculously low.
✑ Statutory transfers are funds allocated to the National Assembly, the Judiciary, UBEC, the Niger Delta Development Commission, and regional development commissions. The expense line roughly doubled.
✑ The FG had planned to borrow as much as ₦15.7trn as of H1 2026, but it actually took a fresh debt of ₦8.7trn - 45% lower than planned. However, the new debt taken in H1 2026 was 53% higher than the previous period.
✑ My eyebrow: how did the FG borrow ₦8.7trn in H1 2026, and spend ₦4.2trn in capex?
In H1 2025, the FG took ₦5.7trn in fresh debt and spent only ₦1.5trn in capex.
In both periods, we had fresh debt of ₦14.4trn, with just one-third of that amount going to capex. Effectively, the remaining two-thirds of the borrowed debt was used to finance recurrent expenditure and debt refinancing.
✑ Fiscal deficit to GDP as of H1 2025 was at 3.8%. Sounds fair. I mean, the IMF threshold is 4%. The only worry is that one-third of that deficit is potentially unproductive.
✑ Since the inception of the current administration, the govt has taken on a cumulative debt of ₦45trn (or $38bn). On average, 30% of those debts have been deployed to capex.
✑ From the look of things, there might still be a few levers to pull for a much better fiscal outcome.
A lot to unpack here.
The FG did grow revenue by more than 100% to ₦6.2trn (from ₦3.6trn). The increase came from higher oil receipts and stronger tax collections.
But interest payments on debt stood at ₦7.7trn, therefore, gulping the entire revenue generated.
The FG spent ₦16.1trn. This means that, aside from interest payments on debt, the FG spent ₦8.4trn on other activities (i.e., recurring and capex).
Of the ₦8.4trn allocated to other activities, ₦700bn went to capital expenditure, while the rest went to recurrent expenditure (including payrolls and overheads).
In effect, fresh borrowings of ₦7.7trn were spent on recurrent expenditure.
If I wanted to be “mischievous”, I’d have said ₦7.7trn was borrowed to pay salaries (which is not false, by the way). But I won’t do that. That’s not my objective.
So in summary, the government is fetching water into a “basket”. The harder they work to “make things happen”, the more the ghost of the past haunts.
And from the looks of things, this may be the best the FG can do. But the jury is out.
Jay retweeted
1) Jensen is one of the greatest entrepreneurs of this generation
2) he did something incredibly dumb
3) it was bad for America
4) but my guess is there was no bad intention
5) two mistakes don’t make a right, and I believe Jensen is irreplaceable for America’s AI leadership
Jay retweeted
LAGOS!!! It is your evening, tune in as I share my vision for a Lagos that is affordable, clean, safe and working for the common man.
#Ourlagos
#Lagosdeservesbetter
#gbadegbada
Jay retweeted
Same thing teachers said about giving calculators to children in schools
You can't fight technology, Megan
Henry Ford, a billionaire, wiped out horse-based jobs for our children but created a new middle class of auto workers
Your podcast is successful because someone wiped out jobs in traditional media
Creative destruction is not bad,
