Discover and read the best of Twitter Threads about #Ekiti

Most recents (3)

There was cheery news that regulators had seen the error of their ways regarding indiscriminate use of iron fist tactics.

This step forward was blunted by events such as leap backwards in Osun, a problematic strike action, and a return to bad old habits by a bus company.
On 25 September, @cenbank governor, Godwin Emefiele, said that he was optimistic the regulator would resolve the dispute in a way that will ensure that “everybody will be happy.”

We think this is a belated attempt at reassuring waning investor sentiment towards the country.
A day earlier, @SBGroup, one of four banks @cenbank alleged helped @MTNNG illegally repatriate $8.1 billion, said the regulator may review a decision to penalise its West African unit.
Read 27 tweets
Fayose's decision to borrow 56 billion with a fresh application of another N25 billion in 2017, without any significant socio-economic impact puts @GovAyoFayose's understanding of governance & economics in question. And also confirms his lack of transparency. /1

#Fayose @Ayourb
With low jobs growth, no wage growth, no industrial development, no investment in agric & no socio-economic plan, where does future govt revenue come from? @GovAyoFayose has presided over the worst govt ever to drive up #Ekiti State's debt without a plan to fix the economy. /2
Contrary to the lies by @OlayinkaLere & @GovAyoFayose, the first 30billion in this chart is an accumulation of accrued debt b4 & during @kfayemi's tenure. He ensured that 14.5b was paid out of the 25b loan before he left office. By Oct 2014, #Ekiti debt profile was 10.5b. /3
Read 37 tweets
The needle shifted a little further into the red zone with concerns over an expanded security vote chest, an import rate hike bound to affect fuel prices, talk of water colonies, and the CBN’s continued fixation on forex.
The glue that holds up the inefficient political system in #Nigeria, and skews it against both the will of the people and a level playing field for better candidates to emerge, is the existence of slush funds that warp campaign funding.
Security votes rank high up in upholding this system.

When the existence of the security votes is taken along with the abysmal security situation across the country, the irony is not lost on observers.
Read 17 tweets

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