Kelvin. @realkelvin07 Twitter profile

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Kelvin.

@realkelvin07

2 years

Nigeria exported $12m worth of ginger in 2021 or 523k metric tonnes that represents 14% of the global supply for ginger. If you convert that ginger into ginger oil (through steam distillation) that is used as flavoring agents for beverages, confectionery and perfumes,

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Kelvin.

@realkelvin07

2 years

This is how the President of Zambia traveled to New York for UN General Assembly. Why do you think IMF gave him $1.3bn, and China has agreed to renegotiate the bad loans his predecessor entered into? Because they realise the man is frugal and means well for his people.

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Kelvin.

@realkelvin07

1 year

Rinu, Thank you for your question. So in 2007, Soludo and OBJ created a provision in the CBN Act, that allows for the Federal Government to borrow from the Central Bank as a lender of last resort, in case they have a budget shortfall (and there's nowhere else to go)

Rinu Oduala 🔥🔫

@SavvyRinu

1 year

@realkelvin07 @KayodeFoloruns3 Can you explain it in layman terms?

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Kelvin.

@realkelvin07

4 years

In 2012 I flew with Vinay Mathani, the Group Managing Director & CEO of Churchgate Group on Arik Air from Calabar to Lagos, during our conversation, he told me that ''People always assume that our biggest business in Nigeria is Real Estate (because of the Iconic buildings)

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Kelvin.

@realkelvin07

1 year

Here is my advise for the Nigeria Labor Congress. A better alternative to strike action like a repeat of 2012, will be to demand for the following: • Ask for the govt to index wages to inflation • Ask for the govt to pass an accelerated

The Guardian Nigeria

@GuardianNigeria

1 year

Subsidy removal: NLC declares nationwide strike Wednesday | The Guardian Nigeria News - Nigeria and World News

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Kelvin.

@realkelvin07

2 years

The situation in Lokoja has nothing to do with Climate change. It's a failure of foreign policy to Cameroon and the greed that has led governors to eat the ecological funds meant to either build a dam to break the current, or an engineering solution to divert the flow.

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Kelvin.

@realkelvin07

2 years

The series 8 talgo trains Lagos State acquired last January for the red line in Wisconsin was fairly used train, Governor Scott Walker acquired in 2009 from a Spanish manufacturer for $47m (and they did not end up using because of a lawsuit with Contractor) The Steel used for

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Kelvin.

@realkelvin07

11 months

LONG THREAD: In order for me to give some perspective on the reason intl pharma companies are exiting the Nigerian markets, I had to go back to consult a financial model I built for a proposed pharmaceutical industrial park project: There are 5 major components of

Dr. Ify Aniebo RV

@IfyAniebo

11 months

Pharmaceutical giants GSK and Sanofi exiting Nigeria is terrible news for access to medicines and healthcare delivery. The cost of medicines in Nigeria will start rising. This will be a challenge for citizens - especially those who suffer from chronic diseases.

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Kelvin.

@realkelvin07

2 years

663 dead, 1.4m displaced, A third of the country is under water, And no Presidential Candidate has done a Press Conference to outline a policy plan on how to prevent a future occurrence, SMH!

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Kelvin.

@realkelvin07

1 year

What negotiations should look like: Call in the Nigeria Governors' forum to discuss • A single digit unsecured loan for this Innocent CNG powered buses across states to transport companies • Apply a transport subsidy to elderly people above 60 and younger people under 18

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Kelvin.

@realkelvin07

20 days

“Where there’s no vision, the people perish”— Proverbs 29:18

Africa Independent Television

@AIT_Online

21 days

Bayelsa State Govt. awards N45bn contract for new Secretariat complex

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Kelvin.

@realkelvin07

2 months

This week was a highlight for me, because I’d the rare privilege and honor to spend the entire work day and even had lunch with a worthy role model that has changed the face of enterprise in Nigeria — Alhaji Aliko Dangote. Nigeria has entered the map of countries working

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Kelvin.

@realkelvin07

1 year

A minimum of 80% of staffs on the payroll of banks and manufacturing companies are temporary staffs recruited through HR outsourcing companies, There is no sane economy where this is not illegal. The National Minimum Wage Act 2023 amendment should propose a cap of 15%

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Kelvin.

@realkelvin07

2 months

“When I was President, I invited Shell and I said, look, come and take equity participation and run our refineries for us. They refused. They said our refineries have not been well maintained. We have brought amateurs rather than bringing professionals. They said there’s too much

Daily Trust

@daily_trust

2 months

Why Shell declined offer to run Nigerian refineries when I was president – Obasanjo

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Kelvin.

@realkelvin07

1 year

3weeks ago on Channels TV Business morning, I said it was time to go to the IMF, Now that the audited financial statements of the CBN shows that they lied about their FX reserves status, the actual numbers are 50% of what was stated, the former Governor had gone to use private

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Kelvin.

@realkelvin07

1 year

Emefiele borrowed $11bn from domiciliary accounts of Nigerians and Non-Nigerians held with banks at an interest, You people don't even know deep and bad this thing is, Lol.

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Kelvin.

@realkelvin07

2 years

the quantity, but the quality of exports, believe me, The Nigeria Export Promotion Council is not doing the country any favors encouraging the sale of 90% of fresh & dried ginger abroad, The magic is in using the incentives to enable companies set up steam distillation

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Kelvin.

@realkelvin07

2 years

You'll return 20,920 metric tonnes of ginger oil valued at $70k per tonne on the global markets or $1.4bn The Europeans buy ginger from Nigeria at $2k per tonne & get 35 times the value processing it into ginger oil, When I say the key to improving the economy is not raising

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Kelvin.

@realkelvin07

3 years

LONG THREAD: First thing we need to understand is that Dangote Refineries is classified as critical national infrastructure (CNI): ‘‘These are institutions, bodies or structures that provide essential goods and services forming the backbone of an economy.’’

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Kelvin.

@realkelvin07

1 year

Ladies & Gentlemen, The Nigerian Senate has formally gazetted $51bn into the official debt management office stock through the sterilization of ways and means, The Nigerian Senate approved this securitization in contravention of sections 38(3) of the CBN Act

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Kelvin.

@realkelvin07

2 years

@itmzim1 It means a President flew on Emirates rather than use a presidential fleet that is more expensive, And his cost cutting exercise has reduced the inflation of the Zambian economy and strengthened the Zambian Kwacha, In case you need someone to interpret for you.

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Kelvin.

@realkelvin07

4 years

Palm Oil is one commodity that is special because the largest plantations are in Edo State, Nigeria, and the global Palm Oil trade started in Nigeria. Infact in 1963, Nigeria had 43% of total global supply. Today the market is controlled by Malaysia, Thailand, Indonesia, Cambodia

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Kelvin.

@realkelvin07

3 years

Governor El Rufai was in Denmark this week to sign an MoU with Arla foods that will see them invest €100m in Kaduna for the development of a modern integrated cattle ranch. His Harvard Education is not a waste. He’s the 2nd Governor actively providing a solution to the

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Kelvin.

@realkelvin07

4 years

When I first saw the numbers on 'Form M' for importation of egg shell powder into Nigeria, I was like $1bn per annum. A thread: The Manufacturers Association of Nigeria has member companies mostly in Confectionery request 'form m' for raw materials to import $1bn worth of it

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Kelvin.

@realkelvin07

3 months

This is misrepresentation. Commercial refineries undergo 7- stages of pre-commissioning. NMDPRA has officials who stay with refinery for 12-months to check the entire system from mechanical to electrical and monitor the processes. After 6-months of testing wet production, they

TheCable

@thecableng

3 months

VIDEO: ‘We’ve not licensed them yet’ — NMDPRA says Dangote refinery at ‘45% completion’

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Kelvin.

@realkelvin07

10 months

I didn't realise there were actually people angry on twitter that I don't have a university degree, You folks will burn in hell. In October, I was invited to speak at a meeting in Accra where officials from 5 central banks & ministry of finance were present, Because I don't

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Kelvin.

@realkelvin07

1 year

This is the same way the ministry of finance approved $23m fee for consultants to facilitate the $800m World Bank Loan to fund palliative, 3.4 billion naira consulting fee for airport runway? This government is unable to fund its 2023 budget, and you spend money like this?

TheCable

@thecableng

1 year

FEC approves N3.4bn consultancy fee for second Abuja airport runway project | TheCable

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Kelvin.

@realkelvin07

2 years

Enterprise businesses importing raw ginger from Nigeria. This thing is not rocket science o

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Kelvin.

@realkelvin07

11 months

This woman was the Chairman of the US Federal Reserve under Obama, She's now the Treasury Secretary of an economy that averages $4.5trillion in tax collections per annum (a sum that is 10× Nigeria's entire GDP) She travels coach often for work. But a Nigerian Minister flies

Viktoria Dendrinou

@v_dendrinou

11 months

Janet Yellen ordering In-n-out before heading to the airport to greet Xi Jinping

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Kelvin.

@realkelvin07

1 year

The National Assembly lacks empathy, They don't know how to read the room, You procure 2023 SUVs in a budget cycle where the government is struggling to secure a $3bn loan? Both the Senate President & Speaker are a disgrace to Nigerians!

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Kelvin.

@realkelvin07

2 years

Plants, and provide corporate income tax waivers, export expansion grants, alongside with equipment loans to the people who focus on adding value to the raw material before either supply to companies who import the oil for manufacturing or companies abroad who buy from the

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Kelvin.

@realkelvin07

1 month

Vanguard Newspapers is reporting that tanker vessels belonging to international traders are refusing to discharge PMS until they are paid the $6.8bn owed to them by NNPC, Remember when I mentioned this last month, the spokesman for the NNPC put out a press release denying it.

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Kelvin.

@realkelvin07

1 year

The most important appointments a Nigerian President will make: • Governor of Central Bank • Petroleum Minister • Finance Minister The first one should not be given to a banker The second one can be allocated to the region that produces the oil, but surely someone

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Kelvin.

@realkelvin07

1 year

Goodluck Jonathan took Nigeria's total Debt stock from 6.1trn naira in 2011 to 12.6 trn naira in 2015, President Buhari took the debt stock from 12.6trn to 77 trn naira in 8-Years, Even Abacha left Nigeria's external debt stock at $28.04bn, OBJ wiped that slate to $2bn

BusinessDayNG

@BusinessDayNg

1 year

A thread The Buhari Legacy Series: Economic scorecard – Obasanjo, Jonathan outperform Buhari “I’ll allow Nigerians to say it. I hope they’ll be fair to me. I want them to analyse how things were when we came in and how they are when we’re leaving.” #economy #inflation

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Kelvin.

@realkelvin07

2 years

New investments? Nigeria is poor, poor! There's no money. Potential yes, but cash wise, the country is broke. How you've a country where govt officials are competing to ride in the latest Japanese & German SUVs & Sedan is mind boggling. Cut your coat, cut it!

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Kelvin.

@realkelvin07

1 year

The set of 2015 are now billionaires, The national cake keeps turning.

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Kelvin.

@realkelvin07

1 year

I turn 34 today. Thank God for good health, my lovely mother, good friends and God's faithfulness.

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Kelvin.

@realkelvin07

2 months

I mentioned last month that NNPCL was in the market to raise between $2bn to $2.5bn of crude oil backed loan through reserve based lending (RBL) that will bring its total borrowing since 2019 to $14bn. The plan is to pledge 35,000 barrels of crude oil through one of NEPL’s field

TheCable

@thecableng

2 months

EXCLUSIVE: In a major blow to Dangote deal, NNPC scouts for crude-backed $2bn loan | TheCable

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Kelvin.

@realkelvin07

1 year

Nigeria fell so badly that a lot of the people who were born in Year 2000 do not know that there was something called Ecomog, The journey is far. The map of Africa is like a gun, Nigeria is the trigger. If Africa is ever going to sit at the table globally, Nigeria must rise.

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Kelvin.

@realkelvin07

1 month

Oh, the spokesman of the NNPC has now officially acknowledged what he initially denied last month. So I wasn’t lying after all.

NNPC Limited

@nnpclimited

1 month

PRESS RELEASE NNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply Sustainability NNPC Ltd. has acknowledged recent reports in national newspapers regarding the company's significant debt to petrol suppliers. This financial strain has placed considerable

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Kelvin.

@realkelvin07

8 months

Dr Yemi Cardoso should not fold. The CBN Governor answers to the President and not to anyone else. If the President really means business, he should back the Governor and ignore the bankers’ committee on: • All in rate • second cheque • mark to market trading in between

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Kelvin.

@realkelvin07

2 years

Saudi Aramco did $163bn in profits for 2022, But a clown will come here and tell me that the miserable $1.5bn NNPC did in profits is commendable! Fire the board and management of NNPC and appoint professionals with cognate experience.

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Kelvin.

@realkelvin07

7 months

Sometimes I wonder how decisions are made at the Villa, NLNG exports 700k metric tonnes of Propane (C3) gas because: • Pressure and Boiling point is not suitable for the tropical weather Nigeria has • Propane (C3) is only 15% the composition of the LPG we consume in Nigeria

BusinessDayNG

@BusinessDayNg

7 months

FG suspends exportation of cooking gas in bid to tame rising prices In a move aimed at curbing the rising cost of cooking gas, the Federal Government of Nigeria has announced the immediate suspension of Liquefied Petroleum Gas (LPG) exports.

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Kelvin.

@realkelvin07

18 days

At #1 ,645 to a USD, Dangote is selling a liter of pms for $0.54. That is a steep discount for RON 95-97 (premium gasoline) considering that the naira crude program does not commence until 1st of October and the feedstock of 5.3m barrels the refinery got for September was paid for

Daily Trust

@daily_trust

18 days

BREAKING: We bought fuel from Dangote at N898 per litre – NNPCL

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Kelvin.

@realkelvin07

2 years

Nigeria had a delegation of close to 100 people travel to New York for General Assembly & Investment Summit; Air force 1, PJs, Upper class tickets with DTAs. Please combined with the VPs trip from a few weeks earlier, Can you tell us how much you've gotten in debt concessions

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Kelvin.

@realkelvin07

4 years

But is there really anything good in life devoid of risks and challenges? Can we use data, the will to win, incredible hardwork and commitment to global best practices, turn the tide? Have a good evening. Cc: @asemota Big Chief 🙌

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Kelvin.

@realkelvin07

2 years

Cannot believe that a little over 20 Years ago, OBJ assembled some of the most competent & driven set of professionals to run Nigeria: • They delivered 15.3% gdp growth rate in 2002 • Got Paris club to write off $18bn in external debt • Privatized NITEL • Amended CBN Act

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Kelvin.

@realkelvin07

1 year

from this window, that has raised the total outstanding stock to 24.5trillion, and that is a 2,819% violation of the 5% cap. Imagine going from 5% to 2,819%. And this is directly responsible for currency depreciation and devaluation you've seen with the naira, because when a

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Kelvin.

@realkelvin07

2 months

I should mention: — NNPC owes international traders $6.8bn — the $2bn it’s proposing to borrow with standard chartered as bookrunner is to draw down on that debt — NNPC has not remitted money to the federation account since January in line with sections 64(c) of the PIA that

TheCableIndex

@thecableindex

2 months

REVEALED: Tinubu’s economic council member behind petrol imports from Malta, Russia Nigeria was awash with news recently about the quantum leap in the quantity of fuel imports from Malta after revelations by Aliko Dangote, chairman of Dangote Petroleum Refinery. In 2023,

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Kelvin.

@realkelvin07

10 months

Let me pick Niger State as an example. Nigeria has 39% of all the Shea nuts in the World only ahead of Mali & Senegal in West Africa. One KG of premium grade A Shea butter & Oil will give you $13; Output for Oil -35%, output for butter 57% 500k input =175k ton output for Oil

Alhaji Premium Man

@softhardguy

10 months

All well and good until someone actually say, Oya let’s do restructuring and resource control and you find out that some states have nothing. More than 1/3 of the 36 states don’t generate enough IGR to pay salaries. Don’t have anything to depend on if they are weened from the

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Kelvin.

@realkelvin07

1 year

And capped the limit at 5% of the total revenues the government gets from the previous year. Between 2007 and 2015, President Yar'adua and GEJ took only a combined total of #869bn from this window. Whereas, in the last 8 Years, President Buhari has collected 23.7 trillion naira

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Kelvin.

@realkelvin07

1 year

Outlook: • USD to the naira will be back to the 800 range before Christmas • Diesel price will be back to 750-800 range by first week in December • Inflation will peak in December • 10-Year bond yields will rise to 12% Q1 2024 • Moody's will revise Nigeria from Caa1 to B3

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Kelvin.

@realkelvin07

2 years

Let me remind you all that Lagos State debt at #807bn is 15.2% of the 5.3trillion naira that 31 states plus the FCT owe. You've IGR equivalent to 26 Nigerian States but you won't deliver the basics for the tax payers who contribute more than half a trillion naira in taxes yearly

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Kelvin.

@realkelvin07

1 year

Even Iraq that suffered a military invasion and had its economy destroyed is doing 4.5m metric tonnes of wheat, and Nigeria cannot get up to 500k metric tonnes here, And importers are spending $2.5bn yearly importing wheat to mill flour, Wonderful!

Bloomberg

@business

1 year

Iraq expects to harvest from 4 million to 4.5 millions tons of domestically-grown wheat as it aims for self-sufficiency in the crop

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Kelvin.

@realkelvin07

1 month

Remember the $3.4bn loan NNPC borrowed on behalf of the government? NNPC started paying 90k barrels per day from a PSC asset since June of 2024 at 3-months libor of 5.3% plus a country risk premium of 6.5% — that is 11.8% in annual interest payments of $3.4bn or $401m per year

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Kelvin.

@realkelvin07

1 year

In 2012, President Putin travelled to Beijing & got a 30-Year forward contract worth $400bn from the Chinese Government, For Gazprom & CNPC to build a 2,984 kilometer pipeline called the Power of Siberia 1 from Russia through Mongolia (right of way) to China.

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Kelvin.

@realkelvin07

2 years

If I were President Samia Hassan of Tanzania, I will invite Zainab for a visit, Fire the head of the tourism board, ask for a full investigation into the incident at Warere hotel in Zanzibar and possible prosecution if there’s cause according to the criminal code of the country

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Kelvin.

@realkelvin07

10 months

The reason his decision to branch into LNG is so strategic, is because the proposed Ibaka Deep Sea Port has a provision for an LNG terminal, And it is easy to get gas feedstock from Exxon Mobil's Qua Iboe gas aggregation point. When AKK is fully activated, I expect that the

TheCable

@thecableng

10 months

BUA Group eyes Nigeria’s energy market, to set up 700 tons daily capacity LNG plant | TheCable

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Kelvin.

@realkelvin07

7 months

Governor wants to launch a new farming season: • He travels to Abuja to kneel down and greet the President • Comes back to his state and renames the airport after the President • Then the President arrives to commission the tractors 🚜 for the new farming season 😂 You

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Kelvin.

@realkelvin07

3 years

Nigeria is not going to break up, it’s not going to fail. This is not aspire to pespire. Nigeria is going to become d most powerful black nation in the world. Anytime I think about this country, I go back to the history of China in the '80’s. Believe it or not, it’ll happen

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Kelvin.

@realkelvin07

3 years

Anybody that thinks Buba Marwa is playing at NDLEA should think again, I’m begging young people, there’s nothing like settlement with the NDLEA under this man, Stay on the right side of the law, don’t do drugs.

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Kelvin.

@realkelvin07

2 months

The American Government set up what is called the Energy Policy and Conservation Act in 1975. This act is what established the US strategic petroleum reserves that can hold up to 714m barrels of crude oil at 4 different sites in the Gulf of Mexico at any given time. The primary

Dangote Group

@DangoteGroup

2 months

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Kelvin.

@realkelvin07

1 year

Central Bank prints money it doesn't have reserves to back (through a process called Quantitative Easing), the currency depreciates, and the Central Bank is forced to devalue officially to align official and parallel market rates. This depreciation and devaluation leads to

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Kelvin.

@realkelvin07

1 year

AIT Inauguration studios: Kelvin, What are your expectations for the first 100 days: • Remove pms subsidy • Change the exchange rate mechanism to a single rate 2hrs later: • fuel subsidy gone • multiple exchange rate abolished 👏👏

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Kelvin.

@realkelvin07

8 months

One of the most commonly consumed foods in Nigeria is bread. For you to bake bread, you need • Eggs • Butter • Flour • Sugar - Eggs come from poultry, 70% of formula composition for making poultry feeds is 54% maize and 16% soybean (Nigeria consumes 22m metric tonnes of

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Kelvin.

@realkelvin07

3 years

Bayelsa received 87.2bn naira in 13% derivative share from oil but it cannot show you what it does with the money. You’ve a state where the government officials resume for work on Tuesday morning and travel on Thursday evening. It has to be a curse, honestly!

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Kelvin.

@realkelvin07

7 months

Aramco did $121bn in profits in one financial year, and are paying out $98bn in dividends to shareholders, Saudi Arabia has also decided to invest in LNG to compete with Qatar that is on track to expand its capacity from 112m to 142m metric tonnes per annum, Nigeria is going

Tracy Shuchart (𝒞𝒽𝒾 )

@chigrl

7 months

Aramco hikes dividend 30% to $98 billion despite drop in profit Saudi Arabia's state-owned oil giant Aramco boosted its dividend despite net profit falling 24.7% to $121.3 billion in 2023 on lower oil prices and volumes, showing the state's continued reliance on oil revenue as

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Kelvin.

@realkelvin07

2 years

No amount of crying in my mentions will change the fact that President Buhari did not add a single metric tonne of LNG in output to the existing 22m metric tonne, I said what I said. The truth will not stop being the truth because you don't like it.

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Kelvin.

@realkelvin07

3 years

You people don’t understand how powerful this backward integration for wheat programme is until you realize that Nigeria has stopped spending $2.5bn yearly importing 4.9m metric tonnes of wheat to make flour. And FAO has removed Nigeria from a list of 10 highest wheat importers

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Kelvin.

@realkelvin07

1 year

as interest on that 24.5trillion in loans, So what they've done with this is transfer the responbility of payment to Nigerians through a 40-Year government bond that attracts 9% interest per annum, with a grace period of 3-Years (moratorium) before they start paying interest.

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Kelvin.

@realkelvin07

1 year

6 things NNPC needs to do to prepare itself for the future: 1. It has done the first one already- remove its hands from pms subsidy 2. Sell off the government owned refineries 3. Go to the capital markets to raise either through an IPO (Equity) or Corporate Bond (Debt)

NNPC Limited

@nnpclimited

1 year

PRESS STATEMENT ADJUSTMENT IN PUMP PRICE OF PMS NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities. As we strive to provide you with the quality service for which we

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Kelvin.

@realkelvin07

2 years

Shouldn't the people know how taxes are spent? Does it make sense you'll tell them Lagos has the highest EPC cost for building a monorail line at $37m per km, as compared to $2.5-4m global average, that is also sanctioned by the Program for Infrastructure Devt in Africa (PIDA)

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Kelvin.

@realkelvin07

1 year

If you are wondering why I'm going on about LASUTH, please understand that a university teaching hospital should NEVER experience power outage more than a few minutes, Because people's lives depend on lights not going off at a hospital, A CMD should not be worrying about light

Kelvin.

@realkelvin07

1 year

You'll be inside train and train will stop, What happened: light has gone off Why did light go off: Gas has finished at the IPP or there was an interruption to flow What makes you think that if a whole LASUTH is crying of outages from IPP, a train will not suffer,

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Kelvin.

@realkelvin07

3 years

NNPC has asked DPR to license airlines to import their own Jet A1. Good. Make them go see how jungle be for yonder. Them think say e easy.

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Kelvin.

@realkelvin07

1 year

hike in inflation and the corresponding hike in interest rates that we have seen so far. Remember that the naira dropped from 365 to 745 btw 2019 (When Saraki who opposed this left as SP) and 2023), Well, the reason is because within this time, the Central Bank gave #15trn

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Kelvin.

@realkelvin07

3 years

Nigerians don’t want corruption to stop, They just want it to favor them, And when it does, it’s not a bad thing. It’s rather God’s divine intervention in their lives.

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Kelvin.

@realkelvin07

4 years

'form m' documents from the CBN shows that Nigeria spends $200m importing frozen french fries every year, from mostly Belgium. Now Belgium only 30 years ago was producing 500k tonnes of Irish potato yearly compared to the 300k tonnes Nigeria produces yearly with 70% in Plataue

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Kelvin.

@realkelvin07

1 year

to the Federal Government as advances to cover budget deficits and fund direct intervention programs, that both the CBN & Ministry of Finance cannot account for today. Now Overdrafts attract annual interests of 21% and according to the 2023 budget, the FG is due to pay #4 .2trn

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Kelvin.

@realkelvin07

10 months

States will only work when Mr. President decides to adopt fiscal federalism by not only amending the legislative lists but by removing: • Equity of States • Land Mass • Population From the 5 principles of derivation. The current constitution structures the States to

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Kelvin.

@realkelvin07

3 years

I laugh when Nigerians say they want this country to change for the better, Someone forges documents to collect multiple FX travel allowance quotas from a bank, And when the CBN says return the money or we will prosecute, the same people will say “the gov’t is evil”

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Kelvin.

@realkelvin07

2 years

Dangote Cement is 18% of the entire capitalization of the Nigeria Stock Exchange at 5.1trillion naira of 28.4trillion naira. The Dangote Refinery & Petrochemical Plant as it stands now is valued at $21bn (about 8.4trn naira at official rates) Pre BUA and MTN listing, Dangote

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Kelvin.

@realkelvin07

1 year

Wonderful! Dangote Cement Ethiopia established in 2015 has $300m stucked in unrepatriated funds in Ethiopia, Ethiopian Airlines has $180m stuck in unrepatriated funds in Nigeria, The Central Bank of Nigeria & the National Bank of Ethiopia agree to a $100m swap of foreign

Patrick Heinisch

@PatrickHeinisc1

1 year

Central banks of #Ethiopia & #Nigeria swap $100 million in blocked funds. The currency deal involves swapping revenues of @flyethiopian from🇳🇬& of Dangote Cement in🇪🇹, as the companies struggled to repatriate profits amid forex shortages in both countries.

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Kelvin.

@realkelvin07

3 years

I’m from Brass in Bayelsa, and my people in the Niger Delta, stole #6trillion budgeted for the development of our region, And we are up in arms complaining about the Federal government.

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Kelvin.

@realkelvin07

2 months

The companies in Nigeria that have total installed capacity of 600m liters of base oil to lubricant processing capacity— import 550m liters of base oil per annum with a total import bill of $668m. Dangote at full capacity utilization will be producing 2.3m liters of base oil per

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Kelvin.

@realkelvin07

10 months

I am currently reading the story of the battle between tencent and Microsoft in 2004, And something that sticks out in page 35, The Chinese Government banned the use of foreign data centers for Chinese technology companies, Data Centers is national security.

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Kelvin.

@realkelvin07

8 months

It’s a very dangerous thing and a huge red flag to investors in industrial goods as well as FMCG, That the President will mandate security agencies to raid warehouses holding goods under the pretext of fighting hoarding, Whoever is advising the President is doing him a huge

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Kelvin.

@realkelvin07

1 month

Lies they tell Nigerians that Lagos is the best place to sight port operations in Nigeria, And that all commerce starts and ends in Lagos — Wicked lies! If you don’t diversify port operations to the eastern maritime corridor and build vertically integrated standard gauge rail

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Kelvin.

@realkelvin07

10 months

A low hanging fruit the FCTA can use to raise revenue is to install speed cameras, You jump traffic light, the system takes a shot of your plate number & sends to VIO, VIO immediately sends the information to FCT-IRS to generate invoice to your registered phone number & email

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Kelvin.

@realkelvin07

3 years

Kano alone now has 27 rice milling plants with none processing less than 100 tonnes per day. The largest plant does 280k metric tonnes per year, and they all combined mill at least 2million metric tonnes per year. This is for people saying backward integration is not working

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Kelvin.

@realkelvin07

1 year

People desperately want us to go back to a regime where the government was losing $320m monthly in subsidy becos it was rationing PTA/BTA & foreign school fee to middle class Nigerians, And then you come & complain when the govt borrows money to pay debt service or fund budget

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Kelvin.

@realkelvin07

3 years

GENCOs: We don’t want complete deregulation of the power sector because this system that provides a price floor and guarantees us minimum offtake from NBET (while they absorb losses of revenue from revenue collection impairment) works just fine for us.

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Kelvin.

@realkelvin07

3 years

You’ll remove petrol subsidy of 3.2 trillion naira and then give 2.4 trillion naira in conditional cash transfers to 40m Nigerians as transport subsidy. Please who’s advising the Honorable minister of finance.

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Kelvin.

@realkelvin07

1 year

If you are in Banking or Corporate law, one book I will recommend for you to read: The Partnership: The making of Goldman Sachs by Charles Ellis.

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Kelvin.

@realkelvin07

1 year

You'll be inside train and train will stop, What happened: light has gone off Why did light go off: Gas has finished at the IPP or there was an interruption to flow What makes you think that if a whole LASUTH is crying of outages from IPP, a train will not suffer,

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Kelvin.

@realkelvin07

1 year

The mistake Nigeria made in 2012 at Ojota has cost the economy #13trn , Money that would've been invested in Healthcare & Education, Healthcare: 4.98% Education: 4.98% Subsidy: 32.4% Interest on Debt to budget after securitization: 39% If you're complaining that Healthcare

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Kelvin.

@realkelvin07

1 year

Nigeria was consuming 29m liters of pms per day in 2014 The average annual consumption of pms was 10.5b liters of pms yearly. I marked up the 87 naira per litre from 2014 by 27% and came up with 110.49 naira per liter

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Kelvin.

@realkelvin07

11 months

Just to add to what Mr. Doherty said here on LASG public finances: Lagos State currently has $2.3bn in debt both domestic & external. Revaluation losses from currency devaluation means in 2023, the state will pay around #88 .5bn as interest to banks, creditors on state govt bond

funsodoherty

@funsodoherty

11 months

I just wrote an open letter to the Governor on Public Procurement awards reported by LASG for the 2nd and 3rd quarters of 2023, highlighting a number of issues for further scrutiny and remedial action. Judicious use of public funds is always important, and is especially so now.

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Kelvin.

@realkelvin07

1 year

The President has spoken, Petrol and FX subsidy is gone forever!!!

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Kelvin.

@realkelvin07

1 year

Resource backed loan from Goldman Sachs that can be classified as securities lending, Goldman Sachs is an external asset manager to the CBN, so using NNPC's account that CBN manages with Goldman as an unsecured credit line to tap $10bn for the purposes of clearing outstanding

Bloomberg Africa

@BloombergAfrica

1 year

Nigeria expects to receive $10 billion of inflows in the coming weeks that will help ease a liquidity crunch that’s pummeled the naira

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Kelvin.

@realkelvin07

2 months

This is a good time to remind us that between 2019 and 2022, the former CBN Governor created 15.3 trillion naira of money that did not exist to finance development finance interventions and fund budget deficits, And that inability of that money to create enough private sector

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