Showing posts with label Nigeria’s Gross Domestic Product (GDP). Show all posts
Showing posts with label Nigeria’s Gross Domestic Product (GDP). Show all posts

Friday, October 30, 2026

Tinubu’s Misery ‘Relief’ Plans: A Blatant Electioneering Ploy

 By Olu Fasan

Economic reforms are universally measured by their impacts on the living standards of ordinary citizens, but President Bola Tinubu judges his reforms by macro-economic statistics that have absolutely no bearing on the wellbeing of ordinary Nigerians.

*Tinubu

More than three years after their introduction, Tinubu’s economic reforms have had devastating social consequences, deepening poverty, hunger and misery across Nigeria. But now, just over two months before the people decide whether to re-elect him for a second term, President Tinubu has suddenly realised that his policies have immiserated ordinary Nigerians, and, recently, announced “plans” to ameliorate their pains. However, those “plans” are too little, too late; and smack of cynical pre-election tactics.

Friday, September 6, 2024

Nigeria’s GDP ‘Growth’ Is Anaemic; It’s Nothing To Celebrate!

 By Olu Fasan

Trust Bola Tinubu, Nigeria’s self-assured yet bumbling president. He will claw at any piece of seemingly good news. Recently, when the National Bureau of Statistics, NBS, reported that Nigeria’s Gross Domestic Product, GDP, grew to 3.19 per cent in the second quarter of this year, from 2.51 per cent at the same period last year, Tinubu was overly exultant.

*Tinubu

His newspaper, The Nation, screamed on its front page: “Tinubu hails GDP surge, assures of stronger economic performance.” Surely, describing the anaemic and shallow GDP growth rate as a “surge” shows how Tinubu grasps at straws, denying reality. Interestingly, while Tinubu gloated about the GDP figure, Dr Ngozi Okonjo-Iweala, Nigeria’s two-time Finance Minister and current Director-General of the World Trade Organisation, WTO, lamented Nigeria’s perennially sluggish GDP growth rate at this year’s annual conference of the Nigerian Bar Association, NBA. So, who is right?