BAMIDELE ATOYEBI reckons that the President has done relatively well
When former President Muhammadu Buhari transferred power to President Bola Ahmed Tinubu, he made it clear that he did not envy his successor. This sentiment didn’t stem from a diminished prestige of the office, but rather from the numerous challenges it entailed. The nation was burdened by excessive subsidy payments, which even the recipients deemed unsustainable, while many acknowledged the grim fiscal situation, signaling an economy on the brink of collapse.
The currency exchange rate was extremely unstable, with the Naira losing value to the point that it was nearly worthless. Nigeria struggled to secure trade agreements, often settling for unfavorable terms, akin to a drowning individual grasping at anything for survival. Economic analysts widely agreed that there was no simple solution to this dire situation, which was perceived as irretrievable.