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One of the problems of Nigerian governors is the lack of knowledge of enterprise development. Most of them know nothing about creating enterprenueral states.
Look at their priorities: Pilgrimage, mass marriage, international worship centres, flyovers in places uneccessary places.
Khaleb retweeted
I love how paying workers more requires a national debate about inflation, productivity and business survival, but paying the CEO another $20 million just requires a fucking meeting.
Khaleb retweeted
I’m pro-capitalism because people should be allowed to risk their own money testing their own ideas.
I’m less enthusiastic about a central planner volunteering my money for his ideas.
Khaleb retweeted
Nearly a third of statistically significant findings in development economics may be false discoveries
In a new NBER working paper, Qingyuan Chai, Kevin Lang, and Liang Zhong question the statistical credibility of randomized controlled trials (RCTs), which have become one of the main tools of modern empirical economics.
The authors analyzed 745 tests of primary hypotheses from 190 papers published in leading economics journals and arrived at some rather troubling findings.
nber.org/papers/w35999
Khaleb retweeted
In 1944, Hayek wrote The Road to Serfdom warning about government controlling the economy.
That same year, Karl Polanyi wrote The Great Transformation warning about the economy controlling society.
Guess which one libertarians turned into a fucking religion.
Khaleb retweeted
'Free-market' economists are subjects of a belief system that indoctrinates them to deny the political power of capitalism's ruling class. They believe that their model market economy is rooted in a 'nature' that cannot be politically questioned or managed. A genuine cult.
@IsabellaMWeber has a book on anti-fascist economics, but it's hard to see how her calls to make economics subservient to the political process is any different from the fascism she opposes.
Khaleb retweeted
If sex matters enough to make betrayal devastating, then it matters enough for chronic sexual abandonment to be treated as a serious marital injury, not a selfish complaint.
Khaleb retweeted
Examining whether sovereign ratings are consistent with economic theory, from @ojblanchard1, Daniel Leigh, and @MishraPrac nber.org/papers/w35956
Khaleb retweeted
Femi Otedola paid $13m to Chinese consultants to assess Nigeria’s electricity assets.
Their advice was to avoid Ikeja Disco, because it would require an additional $400m in capex and take 13 years to break even. They recommended Geregu Power instead, and he made good money.
Private investors won't invest to provide 247 electricity supply with our current problem.
We still need govt to provide patient capital to put things to order for the private guys to deliver.
TCN tariff component is around N15/kWh, inside that N15, the share of TSP is around N7 or N9/kWh. At this pricing, who can invest in your transmission if not the govt?
You also cannot privatise the transmission for various reasons including security and pricing.
On the Discos side, the owners didn't quite invest much on either metering or network. They are looped in the circle of fixing, rehabilitation and maintaining current network rather than expansion.
Take for example, Enugu disco total customers is 1.6m, total metered are 800k, leaving 808k unmetered.
If you want to meter those 800k customers at average price of N200k, Enugu disco need N160bn either in equity or debt or both.
If I'm being conservative, it will take Enugu 2 to 3 years to fully meter those customers and based on the record as at august, Enugu disco is losing N11bn every month from both billing and collection losses.
assuming 2 years to fully meter, N11b * 24 months = N264bn.
but lets not use N264bn, lets use N150bn because as you meter customers and close some gap, your losses will be going down...
N160bn to fully meter customers.
N150bn estimated losses within the metering period.
Total funding requirement = N310bn.
I make a big assumptions here, which closing of metering can reduce your losses. Reality may differ.
You think someone can put N310bn in Enugu disco at the current borrowing rate and then wait for long to recover his funds? Don't be deceive, no one will.
Here is another catch, putting all this money wouldn't ensure stable supply to Enugu without having a reliable supply to the franchise. If investors put that money and transmission fail, then your capex recovery time just get elongated.
You also cannot charge ridiculous tariff. But lets assume NERC/SERC allowed you to charge ridiculous tariff like N500 or N700/kWh to recover capex. What happen next is demand destruction.
If people cannot afford the tariff and stop using the electricity because of your pricing, it means revenue will be plummeted, thereby incurring loss or destroy your cashflow, making capex recovery difficult if not impossible.
However you look at it, govt need to take some things off the investor's table. Whatever they are doing, they need to do more.
...And pls, Nigeria is NOT Lagos, nobody is going to pay N500/KWh for electricity despite it being reliable.
Khaleb retweeted
If you are looking for non-dilutive grants, seed funding, fellowships, and travel opportunities to scale your project across Nigeria, Kenya, South Africa, Ghana, Rwanda, the UK, the US, and Europe.
I spent hours this weekend finding organizations that are actively funding NGOs, startups, small businesses and students then compiled over 210+ verified opportunities into one comprehensive sheet.
Application links, funding amounts (from $1k to over $100k), and categories have all been added, so all you have to do is review the sheet and apply.
docs.google.com/spreadsheets…
Khaleb retweeted
I don’t think those complaining about harvest in parishes are saying there is no need to raise funds. I think they are complaining about the methods some of us deploy. I get embarrassed at some of the things parishes permit just because they are raising funds.
Many of the things happening during harvest is because the priest doesn’t want to be accused of not supporting the committee. Each committee wants to beat the record of the other and so they bring all kinds of theatrics they see from all these mushroom prayer houses.
On another note, in my parish the committee approached me to have only one Mass. I declined. We have two Masses every Sunday and we could all easily fit into the church for one Mass. But I declined. There is no need to box anyone into a corner.
Khaleb retweeted
Slavea have more question for their liberators than thy do or their slave masters. That's always been the trend in history
Fantastic question. The issue of sourcing land comes with very little challange. There is enough land in Lagos East to accommodate well over the 100,000 housing units that we propose.
But to the more important issue about funding.
First, my administration will curb the waste and corruption that has redirected public funds to private pockets.
For instance between 2021 and Q3 2025 alone, about ₦1.3 trillion was spent by the state government on “miscellaneous expenses” and “consulting fees”
In the last 6months, Lagos state has spent N19 billion on refreshments, entertainment, hospitality, honoraria, and sitting allowances within the first six months of 2026
More damning is the ambiguity of some of the expenses in the miscellaneous expenses. For example, total spending on “Special Duties Expenses” hit ₦601 billion in just four years,
between 2021 and 2024. These expenses are entirely different from the spending of the Ministry
of Special Duties and Inter-governmental relations, which hit ₦102 billion between 2021 and Q3 2025.
This is just one aspect.
In the same period the state has spend almost 400 billion on “professional fees” and entertainment.
I’d stop just here. The point is, we can redirect over 500 billion of government spending towards housing by curbing corruption and waste over a theee year period.
Secondly, I intend to introduce a tax on luxury developments that will directly fund social housing. My team estimates that we can raise about 100 billion in three years.
I also intend to tax vacant buildings, particularly those in Ikeja, Victoria Island, Ikoyi, and Lekki. The idea is to encourage owners to put such properties in the market or pay a tax that will directly fund social housing.
We will also guarantee financing for the Lagos state mortgage institution to provide the necessary liquidity to back affordable housing projects.
We will also significantly raise government spending on housing because it not only provides shelter and dignity, construction is a huge stimulant for the economy which will create thousands of meaningful job opportunities and improve spending in the economy.
#Ourlagos
Khaleb retweeted
Food for thought!
"Price efficiency in securities lending" by Evangelos Benos, Gerardo Ferrara, Angelo Ranaldo, and Vittorio Vergano.
"Securities lending – the temporary transfer of securities in exchange for collateral – is essential to the modern financial system, facilitating short selling, market making, and efficient liquidity management. Yet, little is known about how these contracts are priced. Using comprehensive transaction-level data, we identify the determinants of returns from lending the same security against cash or securities collateral. We develop a model in which lending returns compensate for security risk, illiquidity, and the use of scarce dealer balance-sheet capacity. We also define a return wedge between the two market segments. Consistent with the model, the wedge widens with risk, illiquidity, dealer constraints, and collateral reusability but narrows as participation across both segments increases."
bankofengland.co.uk/working-…
Khaleb retweeted
Dear Nigerian parents,
May you not suffer the grief of burying your child. No one deserves such.
Please discourage your children and wards from being mobilized as thugs for electoral v10lence and mercenaries for rigging.
Let's all work towards a peaceful, transparent and credible elections
Khaleb retweeted
In one big survey here, 9% of women & 5% of men said they were feminists while 86% of men & 74% of women said they supported equal rights for women. The explanation is quite simple. It's that feminism is not widely seen as the aim for equal rights for women.
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Khaleb retweeted
I had my tea with milk everyday in Kenya, at least 4 times a day, and I am now realizing that you need to leave Nigeria to realise that you are not really lactose intolerant, we are just being poisoned with artificial food. 😂😂😂
Khaleb retweeted
Please have hobbies in your 30s, so you don’t become overly focused on relationships, other people’s availability, or what’s missing in your life.
Run, dance, read, travel, try new things, make friends, and fall in love with your own life. There’s so much more to experience.
"If you say you are not a bigot, oya vote for Seyi Makinde."
This sounds like, "if you are the son of God, jump down from this mountain for he has given his angels charge over you."
The same Seyi of the G5? There are short term decisions with eternal consequences.
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