From a “New Nigeria” to Akara Economics

REVISITED — FROM A NEW NIGERIA (2022/2023) TO AKARA ECONOMICS + $20.52bn LOANS CONUNDRUM (2026) — WHAT CHANGED?

Four years ago — Early 2023, shortly before May 29 2023 inauguration — I wrote A NEW NIGERIA — Published widely including The Nation Newspaper — http://thenationonlineng.net/a-new-nigeria/ — Newspaper that belongs to current President — That was expectation — We hoped for new model —

RECENT EVENTS 2026 — NOT IN THAT OLD ARTICLE —

Recently Prof Pat Utomi said — _Politicians who believe you should be frying and selling akara and kuli-kuli as a university graduate are enemies of your progress. They do not want to see you grow_ —

I added on it — They believe some should be frying akara & kuli-kuli, but some others need N150m Naira SUVs for political mobilization — The double standard is scathing —

I added — There’s difference between being a supporter of a politician and being a slave — Many have crossed to slavery without knowing — A supporter will point out mistakes to leader — A slave continues shouting _Yes! Oh Yes_ —

These are recent 2026 commentaries — Not 4 years ago — But they connect directly to old A NEW NIGERIA expectation —

Today 29 Oct 2026 — WHAT CHANGED FROM A NEW NIGERIA EXPECTATION?

Nothing — Akara economics became loan economics —

Early 2023 we expected end of poverty management — Two days ago 27 Oct 2026 Senator Victor Umeh on Channels asked — _If previous foreign loans for capital projects, why contractors still owed?_ — As President requests fresh $20.52bn + €1.045bn —

JUSTCANDOUR Founder Boniokoye Imegwu from Reading answered same day — _THE FOREIGN LOANS CONUNDRUM PART 1 OF 4_ — _Government borrows in name of people, but when bills due people pay — Where are benefits? Borrowing is not development — What borrowed money achieves is development — Public money belongs beneficially to people — President not proprietor, NASS not owner, both trustees — Majority vote may settle political contest, cannot settle accountability — A nation cannot borrow its way to prosperity unless borrowing produces prosperity_ —

Same as my 2022 TI piece — 154/180 — Score 24/100 — IDA $11.7bn highest risk — $16bn light no accountability — N4trn + N29bn 43 years keep Ajaokuta dead — Yet cap in hand — Same as feedback — _We have long been sold — Buyers return to renegotiate price — Foreign hagglers and local dealers gain — IMF/World Bank founded, how many Africans headed them? Yet Africans biggest borrowers_ —

So old A NEW NIGERIA dream 2023 became recent akara + loan reality 2026 — Graduate told fry akara while political scavengers drives N150m SUV and borrows $20.52bn — Supporter who points mistake labelled enemy, slave who shouts Yes! Oh Yes promoted — That is what changed? — We moved from expectation to enslavement —

5Cs ANSWER —

_Conscience —_ If you agree graduate should not fry akara, you must agree Nigerian should not repay $20.52bn with no road, no light —

_Competence —_ GASOLINE ASSOCIATES INTERNATIONAL LTD — IPOKIA REFINERY — Dr Bolaji — Builds refinery without $20bn loan, without owing contractors — Build Not Share vs Borrow Not Build —

_Character —_ Supporter points mistake, slave shouts Yes! Oh Yes — Character is to tell leader — You promised A NEW NIGERIA not akara + loan Nigeria —

_Courage —_ Soyinka — Man dies who keeps silent —

_Compassion —_ Graduate frying akara today repays $20.52bn tomorrow —

WITNESS 2026/2036 — Jan 16/17 — Capture, Catalogue, Cloud, Confront — Plus PROJECT WITNESS — Film abandoned loan project, contractor owed — 200 million umpires —

Government SERVANT not SAVIOUR — MAGIC IS NOT REAL —

If with tribe — Graduate fries akara, leader borrows $20.52bn — If with 5Cs — Build like Gasoline —

Richard Olanrewaju Odusanya — Convener ACRI/WITNESS 2026/2036 — Author NIGERIA NEEDS A NEW NATIONAL MODEL —

Reference: http://thenationonlineng.net/a-new-nigeria/ (2023) — Pat Utomi recent akara quote 2026 — JUSTCANDOUR Foreign Loans Conundrum Part 1 — Boniokoye Imegwu 27 Oct 2026 — Senator Umeh Channels.