Data Consultant at Tessera Analytics
Lagos, Nigeria
Joined April 2012
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Insults won’t change basic arithmetic.
The ratio 'dropped' because devaluing the Naira multiplied our dollar oil revenue on paper, not because debt reduced.
In reality, public debt exploded by over ₦65 trillion in just two years—more than Nigeria accumulated in its first 55 years of independence combined. Independent data shows we spent ₦3.9 trillion MORE on debt interest than on infrastructure over the last two years.
I’ll clap for reforms when we stop borrowing trillions just to pay interest on old loans. Running a country on vibes and currency tricks isn't a strategy.
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The Federal Mortgage Bank of Nigeria (FMBN) has launched a lease-to-own housing finance scheme to give eligible National Housing Fund (NHF) contributors an alternative route to homeownership.
Obadare retweeted
The Spearhead Reacts To A British Journalist on The Topic Of Foreign Aid To Nigeria
On 16 October 2026, British reporter and TV pundit Lowri Jones appeared on the UK's Channel 5 show Jeremy Vine where she delivered comments to the effect that the UK's £136 million annual aid disbursement to Nigeria is largely lost to "corruption" and that Nigeria in any case is too wealthy to need foreign aid.
In the characteristically insincere and malicious manner of British TV punditry, these comments were not intended as a sincere analysis of a purportedly broken UK foreign aid system or a neutral observation about Nigeria, but as a backhanded dig at an African country that is regularly deployed as a public scapegoat in British political spaces.
At The Spearhead, we wholeheartedly agree with Jones's postulation that the UK should permanently cease all foreign aid disbursement to Nigeria, although not for the puerile, infantile, surface-level reasons that she volunteered. @Big_Mck explains further.
Follow us: @Spearhead_Af
Stop running your business on emails, spreadsheets & WhatsApp held by manual follow-ups.
Tessera Analytics turns how your ops actually work into automated end-to-end processes. People stay where judgment is needed.
100+ projects | 98% satisfaction
tesseraanalytics.com/