The Crypto Priest Profile picture
will be tweeting from elsewhere in the future... riding this ship to IPO
Aug 27, 2018 10 tweets 2 min read
GDP growth 1.5% for Q2 2018, a drop from 1.95% in Q1. This is not good. One would have thought that low inflation and relatively higher oil prices would have given us a push.

Meanwhile Oil GDP contracted by over 3%. This is what we are building our economy upon. The funniest thing is that the sectors the Government have insisted on subsidizing by all means - industry and agric - both contracted.

Meanwhile the sector that has come under the heaviest regulatory pressure and messy business environment surged: Services sector.
Aug 19, 2018 15 tweets 3 min read
Seeing what happened to Yinka Ayefele, today will be a good day to do this thread. Nigeria is a just a portfolio country.

Will be back later in the evening. Light reading. Nigeria is a portfolio country...…
Aug 12, 2018 26 tweets 4 min read
Time for the thread I promised.

I answered tons of questions in my DM because many of them were highly specific. Unfortunately, I couldn’t spend more time talking with each individual. Went through all the requests and the most common issue I noticed was that people are struggling with expenses and debt.

Like I said earlier there is too much emphasis on big ticket expenses and investments in the personal finance space.
Jul 25, 2018 26 tweets 4 min read
Finally, we have entered that conundrum at such an inopportune time. Inflation is below the long term rate, fx reserves are high, fx rate is stable, yet the economic engine is stuttering. (Thread) CBN is now sending mixed signals because it has reached its wits end. It is keeping MPR is high because it has to assure foreign investors that they can still get high yields on their investments.

Meanwhile, it has slowed down OMO issuance thus keeping systemic liquidity high.
Jul 10, 2018 18 tweets 4 min read
I have tweeted so much this morning. But I still have one last thread boiling in me and it has to do with NYSC.

If you are about to go for your NYSC or currently doing one, gather around. I will be back in the evening when my day job is done. So now, I have time. This is my advice to those of you who will are currently serving or will go for service in the next two years.

This is an advice from someone who completed their own youth service exactly 9 years and 9 months ago. I will tweet from my personal experience.
Jul 10, 2018 13 tweets 3 min read
I have a question for those of you who used the temporary high inflation in Egypt and the ongoing currency crisis in Argentina as examples of why IMF reforms, or market driven policies are bad for Nigeria.

Where do you think Egypt and Argentina would be now if they had oil? Now, let me give you another example. Russia.

Russia has market-driven economic policies. They faced two stressors in 2015 - 2016: sharp drop in oil prices and international sanctions because of their annexation of Crimea.

Each one is enough to crush a country.
Jul 1, 2018 24 tweets 4 min read
The next government that will take over after this one may find themselves in a very big economic mess if things continue as they are.

I am very concerned about what I see. A thread. Let’s start from the costs.

This Govt seem to be hiring on all cylinders. Into parastatals that are cost centers with zero to next to nothing revenue in return. The NASS is also raising their own budgetary allocations.

End game: over-bloated recurrent expenses.
Jun 15, 2018 16 tweets 3 min read
My guys and I got this from @ugodre. I am sure he has passed my message across to the sender, but I felt this will be a small learning opportunity.

Will post a thread later in the night. Our friend believes he made a bad investment and he might be right.

But before the thread starts, sometime around 10pm most likely, I am curious. What do you think makes a good investment.

Please reply to this thread. Do not quote.
May 30, 2018 23 tweets 5 min read
Many people ask me how I was able to build the skills to spot opportunities when things seem to be falling apart, and combining disparate ideas to come up with something new.

I passed through fire. Thread will come up in a few hours with emphasis on a life lessons. Here’s a piece for you while you wait… Most People (Motivational Speech) by Fearless Motivation (On Spotify)…
Mar 1, 2018 26 tweets 5 min read
I am thinking of doing a thread about owning a home vs investing and just renting, given our skewed real estate market in Nigeria. This is inspired by @chxta and @wrytnonso

Stay tuned. Will come later in the night. Coming up at 11pm tonight. Only for adults, because only adults think about buying or building houses.
Feb 16, 2018 18 tweets 3 min read
Now, I am truly triggered. Should do do a thread on this building someone’s dream versus building your own dream thing? Yes? No? Okay, now I have data. And time. I should address this notion of dream building by only being an entrepreneur by 10am today.
Feb 15, 2018 29 tweets 5 min read
I should do a thread on how inflation affects your savings and investments and how to protect your portfolio. Tonight or tomorrow morning? 🤔 Tonight it is. Coming up at 10pm.