By Olu Fasan
Recently, Indermit Gill, the World Bank’s chief economist and senior vice-president for development economics, wrote an article in the Financial Times urging Nigerians to embrace the economic reforms of their president, Bola Tinubu. “The country’s elites must forge a political consensus in support of these reforms,” he said.
Like every seasoned policy expert, Gill knows that without a political consensus, no reform, especially a radical one, can succeed. However, what he failed to say is why there is no political consensus in favour of Tinubu’s economic reforms. Yet, addressing that point is, in part, key to understanding why Tinubu is so unpopular, and why few embrace his “reforms”.
