By Olu Fasan
The first test of any government
is its ability to manage the economy. For without a strong economy, a
government can’t improve people’s lives; it can’t generate jobs, reduce poverty
or tackle insecurity. Hence, a former British prime minister said: “The economy
is the start and end of everything”, and an American political strategist
coined the phrase: “It’s the economy, stupid.”
However, this universal truth eludes Nigeria’s new president, Bola Tinubu. His overall economic orientation, dubbed ‘Tinubunomics’, smacks of economic illiteracy. My focus here is not ‘Tinubunomics’ itself, a subject for another column, but Tinubu’s attitude to inflation, the worst economic evil.
