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SBM Intelligence Profile picture
@sbmintelligence
Sep 8, 2017 • 30 tweets • 6 min read • Read on X
1/ Politics and governance took centre stage this week, with the FG under fire for a slow response to floods in Benue,
2/ and Amnesty International serving a reminder, where none was needed, of the catastrophic human toll of Boko Haram’s insurgency.

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More from @sbmintelligence

SBM Intelligence Profile picture
Sep 28, 2018
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
SBM Intelligence Profile picture
Aug 31, 2018
Aso Rock picked on the bankers of the opposition in a busy week that also saw it acting coy on personal civil liberties and rolling the carpet for two of the EU’s most powerful leaders. All these occurred while cocoa simply could not find its way to the country’s main ports.
@officialEFCC’s interest in @ZenithBank’s transactions involving @riversstategov signals a willingness on the part of @MBuhari's administration to focus on the latter given its pre-eminence in the political architecture of the opposition @OfficialPDPNig.
@riversstategov has emerged as the hub and financial nerve centre of @OfficialPDPNig – a position that has seen its governor, @Gov_Wike, as one of the most important figures within the party's ranks, if not its most influential kingmaker.
Read 19 tweets
SBM Intelligence Profile picture
Jul 20, 2018
President Obasanjo once called maintaining Nigeria Airways (NAL) irresponsible. Six years later, one of his successors, despite a petition from former NAL employees appealing for ₦45 billion in severance pay, is shopping the world for an investor for a proposed national carrier.
Between a ferocious fight over revenue sharing, and ignoring the obvious on Boko Haram, bad ideas seem to die slowly, such that it has almost obscured the recognition Nigeria’s music industry got from the world’s largest music label.
The latest #BokoHaram attacks don't suggest a resurgence of the group so much as they demonstrate its resilience, capacity for strategic hibernation and stealth.

They also indicate that the financing with which it procures weapons and its recruitment remain largely uninhibited.
Read 27 tweets
SBM Intelligence Profile picture
Jun 29, 2018
Plateau’s bloody week holds important long-term consequences for the rest of the country, as does our global poverty profile, the President taking a swipe at restructuring advocates, and the finance ministry’s chest thumping while not saying much.
The #Plateau incident underscores the simmering nature of multiple low and medium intensity conflicts occurring across #Nigeria, a historically certain prelude to a total breakdown of law and order.
Inter-communal distrust has continued to escalate with cyclical patterns of strife in conflict areas.

The pervasive loss of confidence in @AsoRock as a neutral arbiter is a key factor in this escalation as it encourages communities to adopt vigilantism with catastrophic results
Read 20 tweets
SBM Intelligence Profile picture
Jun 6, 2018
Yesterday, a rare joint session of both houses of @nassnigeria met and issued resolutions that has set it on a collision course with @AsoRock, and holds important political and economic consequences for #Nigeria as it stares down the barrel of #election2019.
The tension between the 2 most important arms of the FG, both controlled by @OfficialAPCNg, has endured through the tenure of @MBuhari's administration and is consequential for the party, for the wider political state of the country and in driving economic policy.
Federal lawmakers, in passing a vote of confidence in the principal officers of @NGRSenate and @HouseNGR, condemned the “systematic harassment and humiliation by @AsoRock of perceived political opponents, people with contrary opinions including legislators and the judiciary,”
Read 24 tweets
SBM Intelligence Profile picture
Jun 1, 2018
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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