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Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times - Politics - Nairaland

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Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by iwaeda: 7:22pm On Oct 09, 2023
London-based Financial Times publication says there are signs of President Bola Tinubu’s economic reforms not going as planned.

In an editorial, the publication noted that although Tinubu started well by removing fuel subsidy and moving towards a market-driven exchange, events in the past four months show that more work has to be done.

In removing a costly fuel subsidy and in shifting towards a market-driven exchange rate, which has sharply weakened a previously overvalued currency, he has gone some way towards persuading investors he is serious about reform. But four months into his presidency, there are signs of things going awry,” it said.

The report noted that the removal of Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), raised eyebrows due to its unconventional nature, giving the impression of political reprisal.

“The removal of Godwin Emefiele, the previous governor, was overdue. But its manner, initially via a charge of firearms possession, was odd and smacked of political revenge. More substantively, the new exchange rate regime has yet to be properly explained,” the report said.

“On how the new CBN management can stabilize the financial system, the report said the new CBN leadership will most likely increase the interest rates to curb inflation.

“Markets consider Cardoso, a former Citibank Nigeria chair, to be a sound appointment. (The same cannot be said of all of Tinubu’s picks.) The incoming governor will probably need to raise rates at the next policy meeting to establish his inflation-busting credentials. Tinubu must restore institutional independence by leaving the bank to get on with its job. In other areas, the president needs to be more active – and more articulate,” the report said.

It said in other areas, Tinubu needs to be more active and more articulate.

“He should spell out his policies to a skeptical public. He should also refrain from announcing plans — including the restoration of democracy in Niger — without any real idea of how to implement them. Execution is key. Only four months into his presidency, what started out with a bang risks becoming a whimper. Tinubu needs to regain the momentum,” it said.

https://dailytrust.com/tinubus-economic-policies-not-living-up-to-expectation-financial-times/

14 Likes 1 Share

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Acidosis(m): 7:32pm On Oct 09, 2023
Is anyone surprised?

134 Likes 9 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by DMerciful(m): 7:33pm On Oct 09, 2023
Na statistics we go chop? - Amoda Sangodele

You just cannot give what you don't have

186 Likes 17 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by PrinceOfLagos: 7:34pm On Oct 09, 2023
Tinubu is a failed illegitimate president

He's clueless and ashamed to admit it

172 Likes 12 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by iwaeda: 7:34pm On Oct 09, 2023
It reminded me of Baluba kingdom, Mariere Hall, Great Unilag. grin grin grin grin grin

45 Likes 3 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by yungevvy(m): 7:35pm On Oct 09, 2023
Relax, he needs more time.
Let's give him at least 3 terms to turn Nigeria to an utopia.

57 Likes 6 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Cantonese: 7:35pm On Oct 09, 2023
“My team and I”. Complete failure!

Removed subsidy with petrol @168 and the USD @700 in the black market. Now started paying the same subsidy with petrol @600 and the USD @over 1K naira. How is that not as a result of excessive igbo smoking?

Eight years of wickedness with APC and Buhari, sponsored by Tinubu. Now Tinubu has started with his promise to continue where Buhari stopped. Up till now, no one knows what Nigerians have done to APC to cause this wickedness in the land.

129 Likes 16 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by TinubuThief: 7:38pm On Oct 09, 2023
grin
Useless criminal and a bastard
Certificate thief

88 Likes 8 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by PrinceOfLagos: 7:43pm On Oct 09, 2023
Tinubu failed as a Lagos governor despite the huge IGR that the state generates. Tinubu failed as a Lagos governor and may fail as illegitimate president


Nlfpmod thinks Tinubu is a failure

93 Likes 5 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by IGOTHELLO: 7:48pm On Oct 09, 2023
Certificate forger and transgender has failed this country. tinubu has no shame if not he would have resigned long ago

111 Likes 15 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by CodeTemplar: 7:58pm On Oct 09, 2023
yungevvy:
Relax, he needs more time.
Let's give him at least 8 years to turn Nigeria to an utopia.
nonsense. He doesn't need eight years he needs to come clean that all his opinion articles idea has failed woefully.

Economics is governed by behavioural patterns of actors and Tinubu has demonstrated he has next to zero ideas or solution to offer. Can you imagine Joseph printing money after the revelation about famine came? Can you imagine the Egyptian youth becoming agberos and bandits then taxing few old men doing farm work around and Joseph is watching?
Can you imagine Joseph taxing the poor and using to import food from other nations?

Witchcraft economics is what Tinubu is trying to practice. He blamed emwfiele but performed worse than emefiele in 4 months.

56 Likes 7 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by iwaeda: 8:30pm On Oct 09, 2023
Nlfpmod. angry grin angry grin angry grin
Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by OkCornel(m): 8:40pm On Oct 09, 2023

28 Likes

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by yarimo(m): 8:44pm On Oct 09, 2023
PrinceOfLagos:
Tinubu is a failed illegitimate president

He's clueless and ashamed to admit it
Hahahaha you should keep on looking for CSU certificate grin grin grin grin grin grin grin

42 Likes 2 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Cassandraloius: 9:13pm On Oct 09, 2023
It's affecting everyone.

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Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by dre11(m): 9:15pm On Oct 09, 2023
Cc. Nlfpmod
Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Nice2023(m): 9:21pm On Oct 09, 2023
First class thief he has destroyed the country so quick.

22 Likes 1 Share

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Kukutenla: 9:41pm On Oct 09, 2023
Is anyone in doubt of that?

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Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Obakoolex(m): 10:01pm On Oct 09, 2023
This is the kind of message that gives them hard- on neglecting the fact that it's based on opinion.
Tinubu is trying and I pray God will crown his efforts because that's the only thing we can hope for as a nation.

You like it or not he will rule for at least 4 years and probably till 2031.

2 Likes 1 Share

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by RingRoadMafia: 10:01pm On Oct 09, 2023
In the build up to the 2023 Presidential Election, Peter Obi was invited to pitch himself to the Business Community. Obi gave a well detailed analysis of things and reeled out statistics and strategies which were fact-checked on the spot by Premium Times.

After Obi had left the stage, Tinubu mounted the podium and said: "NA STATISTICS WE GO CHOP...?"
He then proceeded to read an already written script prepared for him by Dele Alake.

Do with this info whatever you want.

56 Likes 5 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Funkyswagzz(m): 10:01pm On Oct 09, 2023
They need oyinbo man to tell these agbado miscreants before they wake up to reality. Clearly tinubu has exhausted all the skills that he has theres nothing left to offers. How can u start by taking the last step to restore the economy of this country. Whoever that gave tinubu that advice must be the real enemy of this country

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Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by porthouse7(f): 10:03pm On Oct 09, 2023
He need a year to be assessed by me
Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by zombieHUNTER: 10:03pm On Oct 09, 2023
That drug dealer has nothing to contribute aside looting money..

Bulabans are dying of hunger and have all turned to rice Bandits

26 Likes 1 Share

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by BoldBrainz(m): 10:04pm On Oct 09, 2023
😂😂.

Master strategist. First class accountant. Economist with the midas touch. He who built Lagos. Oloye!

32 Likes 4 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by zombieHUNTER: 10:06pm On Oct 09, 2023
BoldBrainz:
😂😂.

Master strategist. First class accountant. Economist with the midas touch. He who built Lagos. Oloye!

Time to build Nigeria

cement finish cheesy cheesy cheesy

38 Likes 1 Share

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by VeeVeeMyLuv(m): 10:07pm On Oct 09, 2023
Cassandraloius:
It's affecting everyone.
Na yeye man

5 Likes

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by OkCornel(m): 10:07pm On Oct 09, 2023
This plot of land is for sale

SpecialAdviser:
Any time I remembered the intial gra gra propaganda that followed his administration. Agbadorians are the most senseless Nigerians you can see in any street.

See where Tinubu promised to bring down the exchange rate to NGN300 to the USD.

https://hallmarknews.com/president-tinubu-seeks-urgent-reform-in-monetary-policy-regime/amp/

Abeg, wetin be exchange rate today? cheesy

3 Likes

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by SpecialAdviser(m): 10:07pm On Oct 09, 2023
Any time I remembered the intial gra gra propaganda that followed his administration. Agbadorians are the most senseless Nigerians you can see in any street.

50 Likes 2 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by Timmi: 10:09pm On Oct 09, 2023
iwaeda:


https://dailytrust.com/tinubus-economic-policies-not-living-up-to-expectation-financial-times/

This foreign newspaper and their Nigerian mouthpiece knows that it takes more than 3-months for a policy to start yielding expected results and yet they expect Nigeria (and African) to achieve what is not achievable in their own economy and country.

1 Like

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by mignone(f): 10:09pm On Oct 09, 2023
His diehard supporters will still come up with excuses, rationalising his deficiencies. They're so shameless dt sometimes, I cringe on their behalf.

27 Likes 3 Shares

Re: Tinubu’s Economic Policies Not Living Up To Expectation – Financial Times by BoldBrainz(m): 10:11pm On Oct 09, 2023
zombieHUNTER:


Time to build Nigeria

cement finish cheesy cheesy cheesy

Cement dey to build Nigeria, but the cocaine brain don off.. grin

26 Likes 3 Shares

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