Discover how the Naira’s continuous devaluation threatens Nigeria’s 2025 fiscal plan, with inflation, exchange rate fluctuations, and budgetary constraints creating significant challenges. Naira Depreciation Threatens Nigeria’s 2025 Fiscal Targets The sharp decline in the value of the Naira is setting up a challenging fiscal year for 2025, posing a significant threat to the Federal Government’s ability to fund its proposed budget. With a devaluation rate that has reduced purchasing power, experts warn that the N49.7 trillion budget presented by President Bola Tinubu may struggle to achieve the same impact as the N28.777 trillion budget of 2024. Struggles with Exchange Rates and Inflation The Central Bank of Nigeria’s (CBN) monetary policy reforms, aimed at stabilizing the currency, initially improved the Naira’s value but failed to sustain the gains. As of December 2023, the Naira traded at approximately N853 to $1. By December 2024, exchange rates surged to as high as N1,700 to $1, before settling at N1,536.93 to $1 on the CBN’s official platform. In addition to exchange rate volatility, inflation continues to rise. The 2024 inflation target was set at 21%, but the current rate stands at 34.6%. For 2025, President Tinubu aims to reduce inflation to 15%, though achieving this may prove difficult. Key Projections for the 2025 Budget President Tinubu’s 2025 budget, dubbed the “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” is built on several economic assumptions: The proposed expenditure of N49.7 trillion includes allocations to defense (N4.91 trillion), infrastructure (N4.06 trillion), health (N2.48 trillion), and education (N3.52 trillion). Debt servicing alone will require N15.81 trillion, while other expenditures account for N17.12 trillion. Challenges and Economic Achievements Despite challenges, President Tinubu highlighted some economic improvements during the 2024 budget presentation. Foreign reserves rose to $42 billion, and Nigeria’s economy grew by 3.46% in Q3 2024, up from 2.54% in Q3 2023. Additionally, the trade surplus hit N5.8 trillion, reflecting increased export activity. However, public sentiment remains cautious. The high “Japa” syndrome, where professionals emigrate due to economic hardship, underscores the challenges many Nigerians face. Critical sectors, such as healthcare and ICT, continue to experience significant brain drain. Will the 2025 Budget Deliver? The 2025 budget aims to restore peace and rebuild prosperity, but achieving these goals hinges on addressing macroeconomic issues like inflation and exchange rates. Without bold and effective reforms, the government risks falling short of its ambitious targets. By stabilizing the Naira and curbing inflation, the Federal Government could pave the way for a more sustainable economic future. Only time will tell if the “Budget of Restoration” will fulfill its promises or become another missed opportunity for economic growth. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
Peter Obi, the Labour Party’s presidential candidate in Nigeria’s 2023 general election, has strongly condemned the recent arrest of individuals involved in organizing a palliative distribution program in Oyo State. He criticized President Bola Tinubu and other Nigerian leaders, holding them accountable for the ongoing hunger and poverty devastating the nation. In a statement, Obi expressed his profound sorrow and extended condolences to the affected families, communities, and states. He described the tragic incidents during palliative distribution events as a stark reflection of the severe economic hardship faced by many Nigerians. Obi urged the government to reconsider its stance on arresting those behind the palliative initiative. He emphasized that charitable acts, even when they lead to unfortunate incidents, should not be criminalized. Instead, he suggested that systemic governance failures, not the efforts of individuals trying to provide relief, deserve scrutiny. Highlighting the need for policies aimed at uplifting citizens, Obi called for a national focus on creating a system where no one is left desperate for basic needs. The stampedes linked to palliative distributions occurred in Oyo, Anambra, and the Federal Capital Territory, resulting in multiple fatalities. In Oyo, an event organized by former Queen Naomi Shikemi saw the loss of 35 children during a Christmas funfair. In Anambra’s Okija town, another 20 lives were lost during a rice distribution. Obi pointed out that, with Nigeria’s inflation rate at 34.60%, millions of citizens struggle to afford basic necessities. Many now depend on palliative programs to survive. In his full statement, Obi said: “As we mourn the tragic loss of lives resulting from palliative distribution efforts, I am deeply troubled by the harsh realities of hunger and poverty plaguing our nation. My thoughts and prayers remain with the affected families, communities, and states.” “The recent arrest of the organizers of a palliative initiative in Oyo State, led by the former wife of the Ooni of Ife, has come to my attention. I appeal to the government to reconsider this action. Acts of goodwill, even when they have unintended consequences, should not be seen as criminal.” “Accountability must start with the leaders and policymakers whose decisions—or lack thereof—have caused widespread suffering. Governance failures, not the efforts of well-meaning individuals, should be under the spotlight.” “As a nation, we must prioritize policies and actions that uplift our people, ensuring no one is left desperate for basic necessities. It is only through this approach that we can rebuild trust and prevent such tragedies in the future.” READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The League of Northern Democrats (LND), led by its Chairman and former Kano State Governor, Senator Ibrahim Shekarau, has outlined specific conditions for supporting President Bola Tinubu’s Tax Reform Bills, which are currently being reviewed in the National Assembly. Speaking at an event in Abuja, Shekarau stressed that the technical committee established to assess the bills had raised critical socio-cultural and governance concerns. He warned that ignoring these issues could lead to significant challenges. According to Shekarau, the LND sees the tax reform initiative as a pivotal opportunity to strengthen Nigeria’s economic framework while addressing broader constitutional and societal challenges. “The League views these tax reforms as a chance to promote economic stability while resolving vital issues related to governance, constitutional inclusivity, and socio-cultural harmony,” Shekarau noted. The group has called for comprehensive amendments to the bills to foster national unity, inclusivity, and equitable distribution of resources. As discussions on the proposed reforms unfold, the recommendations made by the LND are expected to significantly influence the national tax reform debate. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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South Africa has made significant strides to improve relations with Nigeria by relaxing visa requirements for Nigerian tourists and business professionals. President Cyril Ramaphosa made this announcement during the 11th Nigeria-South Africa Bi-National Commission (BNC) session held in Cape Town, with President Bola Tinubu in attendance. The updated visa policy allows Nigerian business people and tourists to apply for a visa without submitting their physical passports. Additionally, qualifying Nigerian business travelers can now receive a five-year multiple entry visa, a step aimed at strengthening economic ties between the two nations. A Commitment to Economic Cooperation President Ramaphosa highlighted the importance of fostering a favorable environment for trade and investment. He emphasized that easing visa processes is just one of several initiatives to support economic collaboration. “Our simplified visa process for Nigerian business people will encourage more seamless travel to South Africa, boosting trade and tourism,” he stated. Ramaphosa also praised Nigeria’s ongoing economic reforms, which aim to enhance investor confidence and create a conducive business environment. He reiterated South Africa’s commitment to addressing barriers that hinder greater investment and resolving challenges faced by businesses operating in both countries. Deepening Diplomatic Ties As both nations celebrate 30 years of diplomatic relations, Ramaphosa expressed optimism about the future of Nigeria-South Africa relations. He stressed the need for stronger partnerships and acknowledged the contributions of Nigerian investments in South Africa and vice versa. “While South Africa remains open to Nigerian businesses, there is more we can achieve together by addressing the constraints and challenges companies face,” he remarked. A Broader Vision for Development Ramaphosa also emphasized the role of Africa in the global economy. He noted that development challenges in the Global South, including African countries, would be prominently featured on the G20 agenda, further showcasing South Africa’s commitment to the continent’s growth. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The Supreme Court of Nigeria has imposed a hefty fine of N5 million on Ambrose Owuru, a former presidential candidate, for filing frivolous lawsuits against President Bola Ahmed Tinubu. The apex court dismissed Owuru’s recent petition, which sought Tinubu’s removal as Nigeria’s president, labeling it as baseless and a gross abuse of judicial processes. Owuru, who contested the 2019 presidential election under the Hope Democratic Party (HDP), was also barred from filing further frivolous lawsuits at the Supreme Court. Justice Uwani Musa Aba-Aji, delivering the court’s decision, condemned Owuru’s actions, emphasizing that his conduct was unbecoming of a lawyer with over 40 years of experience. Key Court Proceedings During the proceedings, Owuru—who appeared in court dressed in his legal wig and gown—was instructed to remove them before presenting his case. When questioned, Owuru failed to provide convincing reasons for repeatedly filing dismissed suits. Justice Aba-Aji warned him of potential referral to the Legal Practitioners Disciplinary Committee (LPDC) for his actions. Bode Olanipekun (SAN), representing Tinubu, highlighted Owuru’s history of filing baseless suits, which had previously been dismissed. He noted the poor structure of Owuru’s latest petition, which made it difficult to understand. Similarly, Prof. Taiwo Osipitan (SAN) assured the court that Owuru’s behavior would be reported to the Nigerian Bar Association (NBA) for disciplinary action. Allegations Against Tinubu Owuru’s dismissed suit claimed that Tinubu was unqualified to hold office due to two main allegations: Owuru also argued that a mix-up in hearing dates by the Supreme Court during a previous case had denied him justice. He further prayed for the court to declare him Nigeria’s rightful president and order his immediate inauguration. Previous Court Sanctions This is not the first time Owuru has faced legal penalties for his court actions. The Court of Appeal had earlier fined him N40 million for filing frivolous suits against Tinubu, the Independent National Electoral Commission (INEC), and others. Supreme Court Verdict Justice Aba-Aji firmly dismissed Owuru’s suit, warning against the misuse of court processes and emphasizing the importance of upholding the legal profession’s integrity. The N5 million fine serves as both a penalty for his misconduct and a deterrent against future abuse of judicial resources. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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Will President Tinubu be unseated? The Supreme Court delivers its judgment today on allegations of drug trafficking and CIA ties, reshaping Nigeria’s political future. The Supreme Court of Nigeria is set to deliver a landmark ruling today, December 16, 2024, on a lawsuit that could unseat President Bola Tinubu. The explosive case, brought forward by Chief Ambrose Albert Owuru, a 2019 presidential candidate of the Hope Democratic Party (HDP), challenges Tinubu’s qualifications to serve as president. The lawsuit revolves around allegations of past drug trafficking and purported undisclosed connections with the U.S. Central Intelligence Agency (CIA). Chief Owuru, a seasoned lawyer called to the Nigerian Bar in 1982, claims he was the rightful winner of the 2019 presidential election, asserting that his mandate was unlawfully taken by former President Muhammadu Buhari. He alleges that a scheduling error at the Supreme Court derailed his initial attempt to reclaim this mandate. The crux of the current case hinges on Tinubu’s 1993 forfeiture of $460,000 to U.S. authorities following accusations of involvement in drug trafficking. Owuru argues that this forfeiture disqualifies Tinubu from holding public office under Nigeria’s Constitution. He also claims Tinubu has undisclosed CIA ties, which, if confirmed, would contravene Section 157 of the 1999 Constitution. This provision prohibits individuals under foreign influence from serving as Nigeria’s president. The lawsuit names former President Muhammadu Buhari, the Attorney General of the Federation, the Independent National Electoral Commission (INEC), and President Tinubu as defendants. With the hearing scheduled for today, the case underscores the urgency and significance of the allegations. Amid these legal proceedings, President Tinubu’s past remains under intense public scrutiny. U.S. agencies, including the CIA, FBI, and DEA, have reportedly withheld unredacted records of Tinubu’s alleged drug-related activities, citing national security reasons. This development has raised questions about Tinubu’s alleged interactions with these agencies and their potential implications for Nigeria’s sovereignty. Legal experts regard this case as unprecedented, highlighting the significance of questioning a sitting president’s eligibility based on such severe accusations. Should the Supreme Court rule in favor of Owuru, it could lead to Tinubu’s removal, sparking a constitutional and political crisis that may reshape Nigeria’s governance and democratic framework. Meanwhile, Tinubu’s legal defense, led by Senior Advocate of Nigeria Chief Wole Olanipekun, is expected to challenge both the substance of the allegations and the Supreme Court’s authority to preside over the case. The court’s ruling will likely delve deeply into constitutional interpretation, evidentiary requirements, and the balance of power between government branches. As Nigeria and the international community watch closely, this case has sparked a broader debate on leadership accountability and the integrity of democratic institutions. A ruling against Tinubu could set a powerful precedent for upholding transparency and ethical standards in governance. For now, all eyes remain on the Supreme Court as the nation braces for a judgment that could reshape its political landscape and judicial history. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The Igbo Intellectual Movement, a prominent group of Southeast intellectuals and critical thinkers, has expressed strong support for President Bola Tinubu’s recent recomposition of the South East Development Commission (SEDC) board. The move, which included significant changes to key leadership positions, has sparked excitement among the Southeast community. Highlights of the SEDC Board Recomposition President Tinubu recently submitted a revised list of nominees for the SEDC board to the Senate for confirmation. The new composition replaces several initial nominees with fresh faces. These changes are viewed as strategic steps to ensure the board effectively fulfills its mandate of reconstructing and rehabilitating the Southeast region. Key Changes in Leadership The updated list introduced several noteworthy appointments: Praise for Proven Integrity In a statement, the group’s coordinator, Obed Agu, lauded the new board members for their track records of integrity and competence. He emphasized that these leaders are well-positioned to drive the commission’s mission of economic development and regional transformation. Agu further commended the president for retaining notable figures such as: A Path to Economic Prosperity The Igbo Intellectual Movement expressed confidence that the restructured board would bring the Southeast region closer to economic prosperity. Agu noted that the new leadership has the capability to implement critical initiatives for reconstruction and rehabilitation, fostering long-term growth and stability. The group’s endorsement reflects widespread optimism in the Southeast, marking this recomposition as a pivotal step toward achieving the SEDC’s developmental goals. ConclusionPresident Tinubu’s recomposition of the SEDC board has garnered significant support from Southeast intellectuals. With a team of competent leaders, the region looks forward to a future of economic revitalization and infrastructural advancement. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The remarks by Bishop Matthew Kukah, the Catholic Archbishop of Sokoto Diocese, underscore a recurring theme in Nigeria’s leadership history — what he describes as an “accidental leadership cycle.” Speaking during the commissioning of the new Start-Rite School building and at the 4th Amaka Ndoma-Egba Memorial Lecture in Abuja, Kukah critiqued the nation’s pattern of unprepared leadership and its consequences for governance. Key Points from Bishop Kukah’s Remarks: Broader Implications: Bishop Kukah’s analysis raises questions about the processes and systems through which Nigerian leaders emerge. It highlights the need for reforms in leadership recruitment and development to ensure that future leaders are equipped with the knowledge, vision, and skills necessary for effective governance. Moving Forward: To break the cycle of accidental leadership, Kukah’s critique may serve as a call to action for Nigerian institutions and civil society to prioritize capacity building, leadership education, and merit-based selection processes in governance. READ ALSO:
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Former President Olusegun Obasanjo has criticized Nigeria’s current leadership, claiming that the country has become a “failed state” due to the policies of his successors, former President Muhammadu Buhari and President Bola Tinubu. He argued that their leadership has led Nigeria into a state of chaos, insecurity, and underdevelopment. Obasanjo made these remarks during a speech at the Chinua Achebe Leadership Forum at Yale University in the United States. The forum, which honors the late Nigerian writer Chinua Achebe, hosted Obasanjo’s keynote address titled “Leadership Failure and State Capture in Nigeria,” which was delivered via a pre-recorded video. Although Obasanjo did not directly name the two leaders, he referenced their popular nicknames: “Baba-go-slow” for Buhari and “Emilokan” for Tinubu, both of which have been used by their critics. According to Obasanjo, the situation in Nigeria is dire, marked by widespread corruption and immorality that has worsened the country’s instability, youth unrest, and underdevelopment. He emphasized that the “failed state” status of Nigeria is evident in the consequences of pervasive corruption, incompetence, and injustice. Obasanjo also criticized the Nigerian judiciary, claiming it has been compromised by politicians as part of a larger “state capture.” He argued that the judiciary, once respected internationally, has now become a tool for political manipulation. He pointed out that politicians often encourage their rivals to “go to court” after rigging elections, knowing that they can rely on a compromised judicial system. Obasanjo likened this situation to a cancerous growth that needs to be excised from Nigeria. In addition, Obasanjo spoke about how the political elite continues to exploit the nation’s resources for personal gain. He criticized the practice of acquiring national assets at below-market prices and allocating resources to local, regional, and international interests. He also mentioned the continued control of some states by former governors, such as one who, despite leaving office 25 years ago, still holds significant influence in his state. Obasanjo and Tinubu have a long history of political rivalry, which began during Obasanjo’s presidency when Tinubu was the governor of Lagos State. Their political animosity continued, with Obasanjo’s party failing to unseat Tinubu in the 2003 elections. The only time they aligned politically was in 2015 when they worked together to oppose the re-election of President Goodluck Jonathan. Finally, Obasanjo condemned Nigerian politicians for exploiting the country’s widespread poverty and hunger, using “stomach infrastructure” tactics—distributing food and gifts to the poor in exchange for votes. He noted that such practices, funded by looted public funds, take advantage of vulnerable citizens rather than offering real solutions to their long-term problems. In summary, Obasanjo painted a grim picture of Nigeria’s political landscape, accusing its leaders of corruption, state capture, and neglect of the country’s development needs. READ ALSO:
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President Bola Tinubu has presented the Grand Commander of the Order of Niger (GCON), Nigeria’s second-highest national honour, to India’s Prime Minister Narendra Modi in Abuja. This ceremony took place during ongoing discussions between Nigeria and India at the Presidential Villa. The GCON is a prestigious award, ranking just below the Grand Commander of the Federal Republic (GCFR), which is typically reserved for Nigeria’s presidents. Prime Minister Modi arrived in Abuja on Saturday evening for a visit aimed at strengthening bilateral ties. President Tinubu expressed that the agreement reached during the visit would promote “mutual respect and a shared mission” between the two nations. Modi’s visit marks the first by an Indian prime minister to Nigeria in nearly 20 years. On Sunday morning, President Tinubu formally welcomed Modi to Aso Rock, where the Indian national anthem was played in his honour, followed by a ceremonial parade by the Brigade of Guards. The Nigerian national anthem was then sung, and Prime Minister Modi inspected the parade. READ ALSO: Appeal Court Sacks MC Oluomo As NURTW President
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Former Vice President Atiku Abubakar has expressed that he harbors no envy toward President Bola Tinubu, whom he accuses of causing suffering for Nigerians. Atiku, the Peoples Democratic Party (PDP) candidate in the 2023 presidential election, was responding to recent statements from the presidency, which alleged that he was envious of Tinubu. On Sunday, Bayo Onanuga, the president’s special adviser on information and strategy, criticized Abubakar for his consistent disapproval of Tinubu’s economic strategies. Abubakar has frequently condemned Tinubu’s economic measures, describing them as a “collection of policies” lacking clear plans for effective implementation. In a statement released on Monday by Phrank Shaibu, his special assistant on public communication, Abubakar asserted that Tinubu tends to implement policies without adequately considering their potential impact. “On July 8, 2024, Tinubu declared that import duties on essential goods such as food would be suspended for 150 days. Yet, over 120 days have passed without the policy taking effect, while Nigerians continue to suffer from escalating costs, including food inflation, which now exceeds 40 percent, the highest in decades,” the statement noted. The statement continued, “The blatant disregard for government policy by Tinubu’s appointees, coupled with the finance ministry’s failure to issue a gazette even after four months, highlights the ineptitude and lack of seriousness that typifies the Tinubu administration. “Regrettably, instead of prioritizing governance, they focus on attacking opponents—Atiku Abubakar and Peter Obi—while using compromised courts to create discord within the opposition. It’s disgraceful. “Tinubu came to office ill-prepared. He makes decisions first and contemplates the outcomes later. This is evident in the abrupt removal of the petrol subsidy without adequate safety measures. “When he witnessed the resulting impact, he hastily proposed a CNG initiative that neither he nor his ministers have fully embraced, which explains their reluctance to utilize it. The CNG initiative remains stalled due to the absence of necessary gas infrastructure in many states. “It is absurd to suggest that Atiku is envious of Tinubu. Absolutely not—Atiku could never be jealous of Tinubu’s actions that inflict pain on Nigerians. READ ALSO: NAF Airstrikes Free Hostages, Devastate Bandit Camps in Zamfara and Kebbi “Cruelty seems to be the unique trait of Tinubu. No leader who genuinely prioritizes the welfare of Nigerians would covet such an attribute.” Abubakar also highlighted that Nigeria currently has the “worst-performing currency in Africa” and ranks as the fifth-largest economy on the continent, a significant decline from its top position when the All Progressives Congress (APC) took power in 2015.
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Former Vice President Atiku Abubakar has voiced strong criticism of President Bola Tinubu, whom he labeled “T-Pain,” alleging that Tinubu unlawfully took the 2023 presidential election. Abubakar contends that the election was “criminally stolen” from him, asserting that the outcome does not reflect the will of the Nigerian people. This statement comes over a year after the Nigerian Supreme Court upheld Tinubu’s victory, confirming him as the legitimate winner of the 2023 presidential election.Abubakar’s response was triggered by remarks from Bayo Onanuga, the spokesperson for President Tinubu, who claimed that the 2023 election results clearly demonstrated that voters had rejected Abubakar. In a post on his official X account (formerly Twitter) on Monday, Abubakar countered these claims, arguing that he did not truly lose the election. Instead, he alleged that electoral misconduct was responsible for the outcome, which he believes has led to an unjust outcome for the Nigerian electorate.“The citizens who voted in the 2023 presidential election know that I did not lose. We’re in this position because the election was criminally stolen from the Nigerian people,” Abubakar said, expressing a belief that the election was manipulated to deny him victory.Beyond election-related grievances, Abubakar extended his critique to Tinubu’s administration, accusing it of operating without a structured or coherent governance strategy. He suggested that Tinubu’s policies are superficial, coining the term “Tea-plan” to imply that the administration’s plans are weak and ineffective. According to Abubakar, such an approach has led to economic distress, which he referred to as “T-pain.”Abubakar stated, “Like many Nigerians, I believe that we’re facing these severe economic challenges because of the Tinubu administration’s hurried rise to power, which lacked any solid, well-thought-out plan.” READ ALSO: Just In: Ekiti Cheif Judge Adeyeye Dies At 64 This statement is the latest in a series of exchanges between Abubakar’s supporters and Tinubu’s administration, highlighting a growing divide over Nigeria’s worsening economic situation. Abubakar and his camp argue that Tinubu’s administration has contributed to economic hardship by failing to develop and implement effective policies to address the nation’s pressing challenges. Meanwhile, Tinubu’s supporters maintain that Abubakar lost the election fairly and claim that his criticisms are rooted in frustration over his defeat.
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Atiku Abubakar, a former PDP presidential candidate, criticized President Bola Tinubu on Monday for his economic policies. Atiku expressed dissatisfaction with Tinubu’s chaotic “bolekaja” economic policy recommendations. According to him, Tinubu’s government is based on a “Tea-plan, which can only lead to a T-pain.” “I have taken note of the initial responses highlighting the striking disparity between President Tinubu’s faltering economic policies and the alternatives I have proposed,” Atiku stated in a statement that he personally signed. It is thrilling to see such a heated discussion on these important issues, and I genuinely hope that Nigeria and its people will gain something from this discussion in the end. Like many of my fellow Nigerians, I am convinced that the reason we are currently experiencing economic unrest is to the Tinubu administration’s fast rise to power without a clear strategy. In sharp contrast, my team made sure that our strategy was inclusive and well-thought-out by not only creating a thorough Recovery Plan but also soliciting valuable feedback from Nigerians. Isn’t it intriguing that the First Lady and the NSA appear to be leading a national prayer as the sole policy response from the so-called “tested” Tinubu administration? Only twenty-four hours after I put forth my substitute solutions! What a daring plan. According to my modest reading of the Bible, prayer is a noble course of action. Nonetheless, the sacred books also advise us to work hard and diligently. Therefore, it is uncharitable for Tinubu’s staff to assert that my recommendations are still relevant. not tested. Our current situation is explained by the unpredictable, trial-and-error character of the policies this administration has so far put into place. Remember that Nigeria skyrocketed to the top of Africa’s economies under our economic leadership from 1999 to 2003, but their administration has demoted us to a depressing fourth place. READ ALSO: Scandal Rocks Equatorial Guinea: Financial Crime Chief Allegedly Linked to Leaked Intimate Tapes In contrast to the pitiful 2.8% of the so-called “tested” Tinubu era, the average GDP rate under the Obasanjo government, which I worked in, was 6.59% and reached a pinnacle of 15% in 2002; it was 7.98% during the late Yar’Adua administration and 4.8% during Jonathan’s. The chaotic “bolekaja” economic policy recommendations are enough.
