Showing posts with label Richard Montgomery. Show all posts
Showing posts with label Richard Montgomery. Show all posts

Thursday, February 15, 2024

Tinubunomics? It’s Economic Illiteracy Writ Large!

 By Olu Fasan

Bola Tinubu, Nigeria’s self-regarding president, says he deserves an entry in the Guinness Book of World Records for his economic reforms. Speaking at the 10th German-Nigerian Business Forum in November last year, Tinubu said: “To me, if you didn’t mention me in the Guinness Book of Records, I would find a way to insert myself because I did it (the economic reforms) without expectations.” But whether he said that in jest or in earnest, the truth is that he goofed spectacularly, displaying a hubristic detachment from reality.  

*Tinubu

Think about it. When, as president, your policies inflict untold suffering and misery on the citizens, it’s utterly arrogant and insensitive to beat your chest and demand global accolades for your “achievement”. It is also inconsiderate and out-of-touch to tell the citizens to endure excruciating pains now for some pie-in-the-sky gains in the future. Thomas Jefferson famously said that “the care of human life and happiness is the only legitimate object of good government”. But Tinubu’s economic “reforms” immiserate and dehumanise ordinary Nigerians!