from.

So when you remove petrol from the equation, you see that Nigeria's imports from China is around 41% of total non-petrol imports.

So basically when you remove petrol, which is the number one import, the rest of our imports, China accounts for around 41%.

It means that $4 of every $10 that goes out of Nigeria for import goes to China.

It tells the story of a structural dependency.

Basically, we've become structurally dependent on China.

Another layer I'm going to bring you to the that trade is the single largest contributor to Nigeria's GDP, right? 17% contributed in Q2 2026.

That's going

There's no way that there are not other people involved in this, honestly.

So the first thing first is getting like an understanding of the background behind this deep The concept of the fake agencies, these agencies are not fake in the sense of them.

It's just that when you have a government where you have around 10,000 agencies, 10,000 agencies under the purview of different ministries, you have different projects we have different offices we have different committees different commissions around 10 000 of them there is a very high likelihood that some of them will see some of them will skip the some of them will skip the attention of the presidents now yes how yes here are some of the issues nigeria has and over bloated federal civil service in that sense.

Very over bloated federal civil service.

We keep creating new stuff, new projects, new offices.

So like taking this for example, Made in Nigeria Special Projects Office.

The Made in Nigeria Special Projects Office is not fake.

And what would this mean for Tanzania and the government and the political stability in the country? Do you think it's going to have like an effect or do you think it's going to be a no issue? They're going to have a replacement and everything will move smoothly.

Now, what are your thoughts on this salary increase? Is this coming at a good time? Is this gonna really help the government? Will this increase-- Is this increase alone a significant, um, improvement to-- Will it add to the improvement of the efficiency of the Nigerian military? Or do you think that there are broader, you know, reforms that also need to follow through in order to address the security challenges that Nigeria is facing?

So first things first, I must commend the- The president and the administration for making that step to review the salary of soldiers twice in four years.

I would also have to commend and mention the minister for defense, um, General Chris Musa, whose, whose efforts has been very instrumental to improving the welfare of soldiers who are under his watch bo-both as the chief of defense staff and, uh, as the minister for defense.

When he was the chief of defense staff, he pushed for a salary increase.

I mean, these soldiers are people who were earning fyra thousand naira in twenty-twenty two, twenty-twenty three rather.

And now at least their salary is going to go up to as far as, um, a hundred and eighty K. Um, when you, when you look at it, it's, it's a significant booster.

It's a significant booster.

So could the release of Malian's former prime minister help ease political tensions in Mali, or is more needed to restore stability?

a borrowing sinkhole or does this help boost our economy? Is this something that we need right now or something that Nigeria doesn't need? What's your thought on this?

So, in 2025, the government issued euro bonds.

November 2025, specifically, the government issued $2.35 billion euro bonds.

Those euro bonds were priced as high as nine percent

and we saw others reaching about 13 billion dollars it means that the subscription where like where you want to put it is over so over 500 percent because of the rates right it's positive that it put the government in some kind of frenzy and for a government that needs a lot of wins on its plate Especially when it comes to PR, they really celebrated, like there was a whole media frenzy around the amount of subscriptions, $13 billion and all.

Then now we're seeing in 2026, the government wants to go again.

Basically, what this is going to do for us is that it's going to position Nigeria's debt to hit, I don't know how much they're going to raise, But basically, it's going to put our debt to GDP ratio at over...

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