Budget for the fund in 2027

1. Purchase of SUVs for operations N7b
2. Building secretariat N300b
3. Staff overhead N300b
4. Staff training N50b
5. Software N40b
6. Hardware N34b
7. Medicals N222b

Rudderless

Visionless

Not running not walking

When a democracy arrests journalist for writing about corruption by government officials, the markets respond by demanding higher rates to invest in their bonds

This is why your bond yields are so high; you are high-risk

Markets react to reality, not propaganda

Reading this cyberrax thing line by line

5, 4, 3…..,

What problems have been solved since 1960?

The cybersecurity fund will receive more inflow than the Sovereign Wealth Fund

Think about that

“Kalu, should I use my credit card and invest in shares? It's a short-term trade?”

Using a credit card to trade short-term is like having sex with no condom. It's pleasurable but dangerous

Credit cards offer ZERO interest charge from the date of swipe until the payment date,…

There are only two forms of investment

1. You invest in Profit & Loss, aka you invest in equity of the venture and share in Profit and Loss

2. IOU: you hire your cash to the venture in return for more cash from the venture

Once you are given ANY investment proposal, it MUST…

A bullet maturity means an IOU (Bond) that will repay the entire principal at the end of the loan term.

Some IOUs (Bonds) repay the Principal and Interest payment during the life of the IOU; this is called Amortization.

The IOU (bond) usually sets up a “sinking fund” to deposit…

Well done

Was this a cybercrime?

No, It was “ordinary stealing.”

What has happened to the ExAG

ABSOLUTELY NOTHING

Maybe we need a cybersecurity bill to hold him to account

This is not news, I could have bet my pension that NASS would not reverse a tax they will raid tomorrow to fund “oversight of cyber infrastructure in Singapore and Qater”

If you pay the extreme poor in Nigeria N25,000 a month, you will change their lives and it will have an impact on household consumption and employment

“Wait kalu, so why didn't this program work in Nigeria?”

Because the N25,000 was not shared to the extreme poor. It's probably…

Casually call up your banker and ask

“What is the APR on my loan with you”

Your welcome

A debenture is an unsecured bond

This means an IOU from the issuer with no collateral as security

You have to “trust” the issuer's ability to repay

Remittances to Nigeria in 2022 was $20.13b

In terms of volume, Egypt leads Africa
In terms of GDP share, Gambia