Big Daddy
@BigDaddyTalkss
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Self Acclaimed Human Rights Advocate. Pro 1999 Constitution
Kaduna, Nigeria
Joined December 2010
RT @AYOOijiwole: I want to say a thank you to @fowo_play @engrr_YK @sheffman14 we made it work at the end of the day. Thank you to my ❤️ th….
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Congratulations @mcnun & @marvelousokoro1 outstanding spokesperson in the debate👏. #theforensicpolitcs
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Gani Adams of OPC - Aare Ona Kakanfo. Sunday Igboho of Yoruba Nation - Recognized and blessed by Ooni of Ife. If I talk, they'll say I'm a tribalistic, but "were these people put to task by their elders?".
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Tinubu (2023–2024).•Start (May 2023): $37.07B.•End (May 2024): ≈ $32.29B.•CAGR (1 year): –12.9%. 📌 Source: CBN Weekly FX Reserves Update; reserves dipped after naira liberalization, debt servicing, and dollar demand pressure.
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Buhari (2015–2016).•Start (May 2015): $28.56B.•End (May 2016): ≈ $26.00B.•CAGR (1 year): –5.5%. 📌 Source: CBN Statistical Bulletin 2016; global oil price collapse (2014–2016) + forex restrictions reduced reserves.
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Jonathan (2010–2011).•Start (Apr 2010): $40.32B.•End (Apr 2011): ≈ $31.97B.•CAGR (1 year): –20.6%. 📌 Source: CBN Statistical Bulletin 2011; reserves fell due to subsidy payments and rising import bills despite high oil revenue.
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Obasanjo (1999–2000).•Start (May 1999): $4.99B.•End (May 2000): ≈ $9.97B.•CAGR (1 year): +99.8%. 📌 Source: Central Bank of Nigeria (CBN) Annual Report 2000; external reserves doubled after oil price rebound from the Asian financial crisis lows.
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Yar’Adua (2007–2008).•Start (May 2007): $43.17B.•End (May 2008): ≈ $53.05B.•CAGR (1 year): +22.8%. 📌 Source: CBN Annual Report 2008; peak oil prices around $147/barrel boosted reserves.
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Omitted Variable Bias. You implicitly attributes reserve changes solely to presidents, omitting exogenous factors like global oil prices, production levels, fiscal policies, and external shocks (e.g., 2008 financial crisis, COVID-19). A classic case of model misspecification.
🇳🇬EXTERNAL RESERVES SINCE 1999 — BY GOVT. 🟢OBASANJO — grew by 845%.May 1999 — $4.99 billion.May 2007 — $43.17 billion. 🔴YAR'ADUA — dropped by 6.6%.May 2007 — $43.17 billion.Apr 2010 — $40.32 billion. 🔴JONATHAN — dropped by 29%.Apr 2010 — $40.32 billion.May 2015 — $28.57.
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Claiming to be a stats expert but comparing external reserves with raw % change is misleading . (Shame on You!). Growth must be measured with CAGR (average yearly growth), not just start vs end points. Otherwise, you’re just doing POLITICAL MATHS, not statistics.
🇳🇬EXTERNAL RESERVES SINCE 1999 — BY GOVT. 🟢OBASANJO — grew by 845%.May 1999 — $4.99 billion.May 2007 — $43.17 billion. 🔴YAR'ADUA — dropped by 6.6%.May 2007 — $43.17 billion.Apr 2010 — $40.32 billion. 🔴JONATHAN — dropped by 29%.Apr 2010 — $40.32 billion.May 2015 — $28.57.
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Attribution Error (Ecological Fallacy). The inference that “President X grew reserves” assumes direct causality. This is an ecological fallacy: attributing macro-level outcomes (reserves) solely to one actor while ignoring systemic/global dynamics. @StatiSense Do better.
🇳🇬EXTERNAL RESERVES SINCE 1999 — BY GOVT. 🟢OBASANJO — grew by 845%.May 1999 — $4.99 billion.May 2007 — $43.17 billion. 🔴YAR'ADUA — dropped by 6.6%.May 2007 — $43.17 billion.Apr 2010 — $40.32 billion. 🔴JONATHAN — dropped by 29%.Apr 2010 — $40.32 billion.May 2015 — $28.57.
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RT @IU_Wakilii: Haaa!! I just wish they didn't try to defend and deny that Oseloka’s bullshit!. I wish we just focused more on telling the….
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RT @Budget01: Budget Security Structure, the solution to permanently eradicate insecurity in Nigeria🇳🇬 It is a solution that guarantees the….
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RT @MFaarees_: LET THIS BE ON RECORD: That Peter Obi sympathised with us the day it happened, but Tinubu, the president, has still not said….
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RT @MFaarees_: The whole APC politics now is centred around using religion against the opposition, first Muslim Muslim ticket, and now they….
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