A Review Of The Two Years Of Tinubu-Led Government

Restoration Of Ancient Ruins

Two years into the medication of President Bola Ahmed Tinubu, Nigeria has transitioned from a play of fiscal exhaustion and argumentation paralysis to a signifier of pragmatic betterment and macroeconomic stabilisation. Despite persistent socio-economic challenges, the information present confirms a measurable turnaround crossed cardinal indicators—growth, reserves, gross generation, and capitalist confidence.
This argumentation commentary examines Tinubu’s two-year grounds arsenic a restoration docket — a conscious effort to rebuild the “ancient ruins” of Nigeria’s system and governance institutions aft decades of neglect. Using verifiable information from the National Bureau of Statistics (NBS), Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS), and credible planetary sources, to pass the analyses of the economical trajectory, betterment logic, and argumentation implications of this administration’s show to date. The 2nd portion of this argumentation commentary covered areas for improvement.

From Doubt to Renewal

Two years ago, erstwhile Asiwaju Bola Ahmed Tinubu stood earlier the radical of Ogun State to declare, successful that unforgettable “Emi Lokan” moment, his volition to pb Nigeria, galore received the announcement with a blend of scepticism and fatigue. Nigeria had endured years of economical decline, organization decay, and nationalist disillusionment. The Buhari medication near down a federation gasping for enactment — struggling with insecurity, debt, substance subsidy distortions, and a overseas speech situation that threatened the precise instauration of the economy.

Yet, 2 years into his presidency, it is becoming progressively evident that Tinubu’s enactment is simply a providential involution — 1 that has not lone arrested a downward spiral but besides rekindled anticipation successful the anticipation of nationalist restoration. Whether acknowledged by supporters oregon critics (Agbotikuyos), the information is that Nigeria contiguous stands connected firmer economical and organization crushed than it did successful 2023.

Context: A Nation On The Brink

At the clip President Tinubu took bureau successful May 2023, Nigeria’s fiscal and economical systems were connected the verge of collapse. Oil accumulation had fallen beneath 1 cardinal barrels per day, acold abbreviated of the OPEC quota of 1.7 cardinal barrels per day. The authorities was borrowing billions of dollars each period to subsidise petrol, electricity, and adjacent overseas exchange. Airlines were threatening to retreat from Nigerian routes implicit trapped funds, and the national authorities reportedly borrowed $2 cardinal to wage salaries successful its last months.

Against this grim backdrop, galore feared that Nigeria mightiness disintegrate nether the value of its crises. What the state needed was not conscionable different person but a statesman — a person susceptible of making hard decisions for semipermanent sustainability.

The Reformer’s Resolve: Bold Reforms, Difficult Beginnings

President Tinubu’s earliest decisions — the removal of substance subsidies and the unification of the speech complaint — were bold, painful, and historic. They ended years of fiscal haemorrhage and distortion that benefited lone a tiny elite. These reforms triggered short-term inflationary unit and hardship, but they besides created the instauration for budgetary subject and a free-market economy.

Unlike leaders who person lamented Nigeria’s complexity, Tinubu has demonstrated courage, intellect, and method know-how. His economical absorption squad has focused connected stabilisation, deregulation, and diversification. Within 2 years, the once-bleeding system has begun to amusement beardown betterment signals, confirmed by autarkic nationalist and planetary data.

Analytical Note

These figures, corroborated by autarkic institutions, show tangible advancement successful macroeconomic stableness and planetary perception. Nigeria’s GDP maturation present outpaces colonisation maturation for the archetypal clip since 2019, portion ostentation shows its steepest diminution successful 3 years. The betterment successful lipid output and commercialized surpluses indicates renewed operational ratio and export diversification.

Rebuilding the Ancient Ruins

Tinubu’s presidency tin beryllium likened to a modern-day Nehemiah — rebuilding the past ruins of a once-promising nation. His administration’s reforms successful fiscal policy, integer economy, and infrastructure are reviving the foundational structures of nationalist productivity:
Economic Renaissance: Restored fiscal subject and caller gross procreation done taxation reforms.
Human Capital Investment: Launch of the Students’ Loan Scheme — the archetypal of its benignant successful Nigeria — giving young citizens entree to acquisition financing.
Social Stability: The minimum wage has accrued from ₦30,000 to ₦70,000; galore states present wage supra this benchma...