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Elon Musk Slams US Govt agencies as ‘Inefficient Monopolies’ in Viral Statement

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Tech billionaire and Chief Executive Officer of X, Elon Musk, has sparked fresh debate over government service delivery after criticizing public institutions as inefficient monopolies that lack accountability and competition.

Musk, in a post shared on his X platform on Friday, argued that government-run agencies perform poorly compared to private companies due to what he described as a “broken feedback loop.”

According to him, unlike commercial businesses that must satisfy customers to remain in operation, government institutions continue to exist regardless of service quality because citizens have no alternative.

Musk wrote: “The reason government programs are so inefficient is that, unlike a commercial company, the feedback loop for improvement is broken, because they have a state-mandated monopoly and can’t go out of business if customers are unhappy.”

He further highlighted public motor vehicle departments as an example, saying:

“No matter how bad the service is at your DMV (sorry to pick on DMVs), you still have to use your DMV, because it’s a monopoly.”

The remark has since generated widespread reactions across global social media, with supporters agreeing that public services often suffer from bureaucracy and lack innovation. Critics, however, argued that essential government services cannot be left entirely to private companies because profitability does not always align with public welfare.

Musk’s comments come amid broader conversations around privatization, public-sector reform, and the push by some policymakers to introduce competition-driven efficiency into government operations.

The billionaire, known for his outspoken views on state regulation and corporate innovation, has repeatedly advocated for redesigning public systems to encourage transparency, accountability, and efficiency.

As the conversation grows, analysts say Musk’s statement may reignite discussions on whether governments should modernize service workflows or allow private sector partnerships to improve quality and delivery for citizens.

FEC Approvals: North-East Gets Nothing as South-East Receives Least from N1trn Projects – Yakasai cries out

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President Tinbu

Former Kano State governorship candidate of the Peoples Redemption Party (PRP), Salihu Yakasai, has claimed that the North-East received no project allocation while the South-East got the least share from the over N1 trillion worth of projects approved at Thursday’s Federal Executive Council (FEC) meeting presided over by President Bola Ahmed Tinubu.

Yakasai made the allegation in a statement posted on his X account on Friday, where he shared a breakdown of the project allocations by geopolitical zones.

According to him, the South-West, the president’s region, received the highest share with N789 billion, representing 75% of the total approvals. He noted that the South-South zone followed with N156 billion, North Central N43 billion, North West N30 billion, while the South-East received N28 billion. The North-East, he stated, got zero allocation.

His breakdown reads:

South West: N789bn (75%)

South South: N156bn (14%)

North Central: N43bn (4%)

North West: N30bn (2%)

South East: N28bn (2%)

North East: N0bn (0%)

Nigerian Newssphere earlier reported that the Tinubu-led FEC approved major road contracts and project variations estimated at over N400 billion during the meeting.

The development has intensified public debate and criticism over perceived regional imbalance in federal project distribution under the current administration.

Nigeria won’t back down in fight against terrorism – Tinubu responds amid US pressure

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President Bola Ahmed Tinubu has again reaffirmed Nigeria’s sovereignty and commitment to defeating terrorism amid growing international debate and pressure following statements in the United States calling for stronger action over alleged targeted attacks on Christians in the country.

In a message shared on his official X handle on Friday, Tinubu said Nigeria would continue to engage global partners diplomatically but emphasised that the nation will not compromise its unity, security, or right to manage its internal affairs.

“We face challenges head-on and remain steadfast in our commitment to engage partners and champion Nigeria’s interests on the diplomatic front,” the President stated.

His remarks come as discussions in Washington—including calls from lawmakers and recent comments attributed to the U.S. President, Donald Trump—recently raised the possibility of tougher measures, including military intervention, if the Nigerian government is deemed to be failing to stop religious persecution and extremist violence.

Tinubu and the federal government, however, maintained that Nigeria has been battling terrorism for nearly two decades and has made significant progress, insisting that the government and armed forces remain resolute.

“We are indeed faced with terrorism… and we will not back down. We will decisively defeat terrorism and claim victory in this battle. Security is non-negotiable,” he said.

The President stressed national unity, calling Nigeria “one united family” that must reject despair and push forward together. He noted that reforms and development efforts will continue, alongside heightened security operations.

“We will spare no effort and leave no stone unturned in our mission to eliminate criminals from our society. We urge our allies to stand firmly with us as we amplify our fight against terrorism.”

Tinubu also praised the Nigerian military and intelligence personnel, acknowledging those who have lost their lives in service.

“To the brave men and women of our armed forces… who serve fearlessly, fight side-by-side and sometimes pay the ultimate price, we express our deepest gratitude.”

He reiterated Nigeria’s willingness to collaborate with friendly nations but emphasised that the country will not be intimidated or undermined.

“Nigeria will be, and remain, a reliable partner and a steady voice for stability.”

Recall that last week, President Donald threatened military action in Nigeria over alleged Christian genocide.

US Senator Ted Cruz recently introduced a bill to impose sanctions against terrorist financiers and sharia law-linked individuals in Nigeria.

BREAKING: Nnamdi Kanu files defence against Nigerian Govt terrorism charge

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Nnamdi Kanu

Leader of the Indigenous People of Biafra, Nnamdi Kanu, has finally filed a defence against terrorism charges brought against him by the Nigerian federal government.

Kanu is presently filing his defence papers right inside the court room on the order of Justice James Omotosho.

Based on a series of complaints by Kanu, the judge ordered the registry of the court to be moved to his courtroomfor the filing to hold.

Counsel to the federal government, Adegboyega Awomolo SAN, informed the court he would accept the processes from Kanu inside the court room and would react accordingly.

At the time of the report, the filing of the defence processes was ongoing as the judge stood down proceedings for one hour.

Before now, Kanu had persistently refused to enter a defence until he was shown the terrorism law he allegedly breached.

The Nigerian Newssphere recalls that the court had given Mazi Kanu a Friday deadline to file a defence.

Genocide: US Senator Ted Cruz Moves to Sanction Nigerian Officials backing Sharia, laws

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United States Senator Ted Cruz has introduced a controversial bill seeking to sanction Nigerian government officials accused of enabling violence against Christians and enforcing Sharia and blasphemy laws in the country.

Cruz announced the development on Thursday via his official X (formerly Twitter) handle, stating that the proposed legislation is designed to offer protection to Nigerian Christians who have faced repeated attacks and alleged state-backed persecution.

According to the Senator, the bill targets officials who “permit violence and enforce sharia or blasphemy laws, which in Nigeria carry the death penalty.”

This follows Cruz’s earlier call for the White House to take decisive action against Nigerian authorities, including sanctioning government officials and the twelve northern states currently operating Sharia legal frameworks.

The move comes amid renewed global scrutiny of religious freedom in Nigeria. Recently, U.S. President Donald Trump designated Nigeria as a Country of Particular Concern over rising religious violence. Trump also reportedly warned that military intervention could be considered if the Nigerian government fails to protect minority groups, particularly Christians.

The push for sanctions has sparked debates in diplomatic and human rights circles, with some praising the bill as overdue intervention, while others warn it could strain US–Nigeria relations and complicate security cooperation in West Africa.

The Nigerian government has yet to respond to Cruz’s latest legislative action.

UCL: Nigerians warn Atalanta coach over harassment of Ademola Lookman

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The Nigerian football community has expressed strong displeasure over alleged unprofessional treatment of Super Eagles forward Ademola Lookman by Atalanta’s head coach.

A public letter circulating among Nigerian supporters by Oku_Yungx on X on Thursday criticised the coach for allegedly handling the player in a physical and disrespectful manner during a recent match interaction.

In the letter titled “This is a Letter to Your Coach”, the group, identified as Okun football supporters, accused the coach of resorting to physical aggression instead of communication. The statement warned that such behaviour was unacceptable and would not be tolerated.

“Your recent conduct towards Ademola Lookman, a proud Nigerian international and one of Atalanta’s finest players, was both unprofessional and unacceptable,” the letter read.

“Physical harassment has no place in modern football. If you must address him, do so with your words, not your hands.”

The supporters emphasised that Lookman is not only a key player for the Italian Serie A side but also a national figure admired by millions in Nigeria.

“Every player deserves dignity and respect, regardless of nationality. Ademola Lookman represents not just Atalanta, but millions of Nigerians who support him passionately,” the letter added.

The group issued a stern warning, stating that they would continue monitoring the situation closely to ensure that no similar incident occurs again.

Atalanta’s head coach, Ivan Juric, reacting to Lookman’s alleged treatment, said:

It’s the usual thing we’ve been commenting on every Sunday. It happened with De Bruyne at Napoli—some players are not happy to be substituted, they don’t react well, and we sort these things out in the locker room,” he told journalists.

 

“We all know these situations; we’ve all had them as players and as coaches – they happen in the heat of the moment. What matters is Atalanta, the club, the team, and the fans. We do what is good for the team, and I think you need to give your all. I understand, I shake it all off, and we move forward,” he added.

Lookman, who has been in impressive form this season, has continued to maintain focus on club and international duties.

The situation has sparked debates across social media, with fans calling for respect towards African players within European football.

On Wednesday, Atalanta defeated Marseille during their Champions League clash.

Naira Strengthens against US dollar as Nigeria’s foreign reserves rise to $43.27bn

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The Naira appreciated against the US dollar at the official foreign exchange market on Thursday, boosted by a steady rise in Nigeria’s external reserves.

According to the latest data from the Central Bank of Nigeria (CBN), the local currency closed at N1,436.74 per dollar on Thursday, improving from N1,438.49 recorded on Wednesday. This reflects a day-to-day gain of N1.76 at the official FX window.

In the parallel (black) market, the Naira also recorded gains, trading at N1,445/$1 compared to N1,450/$1 the previous day, as confirmed by currency dealers in Wuse Zone 4, Abuja.

This marks the second appreciation recorded by the Naira this week, following earlier fluctuations that saw mixed trading outcomes across the FX markets.

External Reserves Hit $43.28bn

Supporting the Naira’s improved performance, Nigeria’s external reserves have climbed to $43.28 billion as of November 4, 2025. Higher reserves typically strengthen confidence in the currency and improve the Central Bank’s ability to stabilize the market.

Market Trend So Far This Week

Two sessions of Naira gains

Two sessions of slight declines

Overall sentiment: mild recovery with cautious optimism

Analysts suggest that rising reserves, increased FX inflows, and moderated speculative demand are contributing to the Naira’s short-term stability.

Nigerian filling stations reduce fuel price cheaper than Dangote Refinery

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Fuel prices have dropped at several filling stations in Abuja as the landing cost of Premium Motor Spirit (PMS) continues to fall, now sitting below the ex-depot price of Dangote Refinery.

Checks by Nigerian Newssphere on Wednesday revealed that major retailers, including NIPCO, AA Rano, Eterna, and Empire Energy, have adjusted their pump prices downward.

At NIPCO and AA Rano stations, petrol now sells at N940 per litre, reduced from N950–N955. Eterna and Empire Energy also reviewed their pump prices to N945 and N955, down from N955 and N959 respectively.

This marks a reduction of between N4 and N10 per litre across several retail outlets in the Federal Capital Territory.

Earlier in the week, NNPC retail outlets in Abuja similarly adjusted pump prices to N945 per litre, down from N955.

However, prices remain unchanged at some stations. For instance, MRS (Dangote-branded Petrol) and Ranoil maintained pump prices at N950 and N955 as of Thursday morning.

“We may review our price later today, but for now we still sell at N950 per litre,” an MRS station manager who requested anonymity told Nigerian Newssphere.

What’s Driving the Price Reduction?

Latest data from the Major Energy Marketers Association of Nigeria (MEMAN) released on November 3, 2025, shows that the landing cost of petrol has fallen to N827.04 per litre, down from N829.77 recorded at the end of October.

Meanwhile, new ex-depot petrol prices were recorded as follows:

Marketer/Depot Ex-Depot Price (₦/Litre)

Dangote Refinery N872

Pinnacle N872

NIPCO N870

BOVAS N870

Aiteo N870

AA Rano N870

This means the current landing cost is N44.96 lower than Dangote Refinery’s ex-depot price of N872 per litre.

15 percent fuel import duty Govt Policy May Push Prices Up Again

This development comes just days after President Bola Ahmed Tinubu approved a 15 percent import duty on petrol and diesel to encourage patronage of the Dangote Refinery and reduce import dependence.

Marketers and labour groups, including the Nigeria Labour Congress (NLC), have warned that the tariff could push fuel prices higher once implementation begins.

 

 

They’re brilliant – Joe Cole names club to win EPL, UCL this season

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Former Chelsea star Joe Cole has named Arsenal as the team to win both the UEFA Champions League and the Premier League this season.

According to Cole, the Gunners have been brilliant so far this season in all competitions.

The Englishman spoke after Arsenal’s 3-0 victory against Slavia Praha in the Champions League on Tuesday.

“I think Arsenal will win the league and maybe the Champions League as well.

“I really think they are brilliant,” Cole said on TNT Sports.

Liverpool are the current holders of the Premier League after winning it ahead of Arsenal last season.

Paris Saint-Germain, on the other hand, are the current holders of the UEFA Champions League after beating Inter Milan last season.

Nigerian Senate confirms NCC’s Board after successful screening 

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NCC

The Nigerian Senate on Tuesday confirmed the appointment of Idris Ibikunle Olorunnimbe (representing the South West) as Chairman of the Board of the Nigerian Communications Commission (NCC) following a successful screening by its Committee on Communications.

Adopting the Committee’s report during its plenary session, the Senate also confirmed Maryam Bayi (North East), Senator Ramoni Olalekan Mustafa (South West), and Ikechukwu Ugwuegede (South East) as Commissioners of the NCC Board.

According to a statement on Wednesday by NCC head of public affairs, Mrs Nnenna Ukoha, other members of the Board confirmed by the Senate are Princess Oforitsenere Emiko (South South) and Christopher Sandy Okorie (South South).

The Chairman and Commissioners join the Executive Vice Chairman, Dr Aminu Maida (North West); Executive Commissioner – Technical Services, Engineer Abraham Oshadami (North Central); and Executive Commissioner – Stakeholder Management, Rimini H. Makama (North Central), who had been previously confirmed, on the Board.