₦airaland Forum

Tinubunomics : The CBN
Projections:
The Central Bank of Nigeria (CBN) expects the country's economy to grow by 4.17% in 2025, up from 3.36% in 2024.

What are the products? Under what sectors of the economy? You mean yahoo yahoo remittance abi?

Great.

If we can hit 6% in 2 years time, and hopefully 7 or 8% annual growth by 2029/2030, that would be magnificent.

A Nigerian economy growing at a 7 or 8% per annum over a sustained period will lift millions out of poverty.

RepoMan007:
What are the products? Under what sectors of the economy? You mean yahoo yahoo remittance abi?

Ok o.

What is Nigeria's rebased GDP figures?
NBS said they'll release it ending off January
This is April nothing from them
The only thing we heard from nowhere is that Lagos is now $259bn in audio format
The next thing is World Bank accusing NBS of doctoring statistics

Fake news from Propaganda APC Agbadorians Batidiots Government

Nigerians are complaining of high cost of food and hunger you are on the pages of newspaper displaying figures that doesn't add up. These are mere academic exercise without any empirical evidence to buttress this claim.

Ejikas:
Tinubunomics : The CBN
Projections:
The Central Bank of Nigeria (CBN) expects the country's economy to grow by 4.17% in 2025, up from 3.36% in 2024.

Nigeria ought to be having double-digit growth at this time though. Fix energy, roads and security, and it will happen.

Ok

OkCornel:
Progress update on Tinubu’s eight point agenda analysed by Grok AI:

President Bola Ahmed Tinubu unveiled his eight-point agenda in August 2023, aiming to address Nigeria’s socioeconomic challenges within three years. The agenda includes:
(1) Food Security,
(2) Ending Poverty,
(3) Economic Growth and Job Creation,
(4) Access to Capital,
(5) Improving Security,
(6) Improving the Playing Field for Businesses,
(7) Rule of Law, and
( Fighting Corruption.

Nearly two years into his administration, as of March 14, 2025, progress can be assessed based on available data and developments, though comprehensive, up-to-date official reports specific to all eight points are limited. Here’s an evaluation based on what’s known:

1. Food Security
Tinubu’s administration has aimed to boost agricultural output to address food insecurity, exacerbated by inflation and insecurity. Farmers have returned to some areas due to improved security, and initiatives like the Dry Season Farming program, launched in late 2023, have sought to increase production. However, food inflation remains high—around 40% as reported in posts on X in 2024—suggesting that supply hasn’t yet met demand effectively. The removal of fuel subsidies has also driven up transportation and production costs, offsetting some gains. Progress exists, but it’s partial and uneven.

2. Ending Poverty
Poverty alleviation hinges on job creation and social interventions. Programs like conditional cash transfers and the promised student loans (yet to fully roll out) aim to support vulnerable populations. However, inflation (around 35% in 2024 per X posts) and a stagnant minimum wage—still at ₦30,000 despite promises of an increase—have deepened economic hardship for many. Subsidy removal savings, estimated at $10 billion, have not visibly translated into widespread poverty relief, with critics on X noting funds appear "stuck" in bureaucracy. Little tangible progress is evident here.

3. Economic Growth and Job Creation
Tinubu targeted 6% GDP growth and 👉50 million jobs👈 . GDP growth has hovered around 3% (per X posts in 2025), far below the goal, though reforms like exchange rate unification and subsidy removal have stabilized reserves and improved trade balances. Local refining capacity has increased with the Dangote Refinery and NNPCL efforts, reducing import reliance. Job creation data is less clear—some infrastructure projects and security operations have generated employment, but unemployment remains high at 5% (X posts), with youth unemployment likely worse. Progress is slow and below targets.

4. Access to Capital
Efforts to enhance access to capital, particularly consumer credit, have seen limited rollout. The student loan scheme, a flagship promise, has faced delays, with no significant disbursements reported by early 2025. Small and medium enterprises (SMEs) still struggle with high interest rates and limited credit access, despite rhetoric about stimulating entrepreneurship. The naira’s devaluation (over 70% since 2023) has attracted some foreign investment, but domestic capital access remains constrained. Minimal progress so far.

5. Improving Security
Security has seen notable strides. The administration claims over 8,000 criminals neutralized and 10,000 people rescued, enabling farming resumption in parts of the North. Banditry and insurgency persist, however, with ongoing violence reported in 2025 (X posts and Amnesty critiques from 2023). Military operations have intensified, but a comprehensive resolution remains elusive. Progress is significant but incomplete.

6. Improving the Playing Field for Businesses
Exchange rate unification and subsidy removal aim to level the economic playing field by reducing distortions. Non-oil exports grew 6.3% in 2024 (NBS via X), though oil still dominates at 90% of earnings, indicating slow diversification. Infrastructure development, like railway projects with Chinese support, has progressed, but manufacturers report challenges with power and costs. The agenda’s promise of a fairer business environment is advancing, but structural issues persist.

7. Rule of Law
Tinubu’s commitment to the rule of law has been questioned. Appointments like a minister without an NYSC certificate (noted on X in 2023) and perceived judicial interference have drawn criticism. No major judicial reforms or high-profile accountability measures have been highlighted. Progress here appears stagnant or undermined by political actions.

8. Fighting Corruption
Anti-corruption efforts have ramped up via the EFCC, with increased public campaigns and some high-profile probes (e.g., subsidy-related cases). However, critics argue Tinubu’s own past and political alliances limit credibility—X users in 2023 called him "the face of corruption." No systemic overhaul or convictions of major political figures have been widely reported. Efforts are visible but lack transformative impact.

Overall Assessment
Tinubu’s administration has made strides in security, economic stabilization, and refining capacity, aligning with parts of the agenda. However, food security, poverty reduction, job creation, and capital access lag significantly, hampered by inflation, slow policy execution, and unfulfilled promises like student loans and wage increases. GDP growth and unemployment figures (from X posts) suggest the economy isn’t yet on the promised trajectory. Security gains are tempered by persistent violence, and anti-corruption and rule-of-law efforts lack depth. As of March 14, 2025, progress is mixed—some foundation laid, but significant results remain elusive, with many Nigerians still feeling the pinch of reforms without broad benefits. Data gaps and sentiment on X underscore a narrative of frustration alongside pockets of optimism.

What’s the point when tinubu is still doing bambiala for loan upandan,it’s just like Celebrating fuel #50 drop in fuel price or #100 drop in exchange rate…

Some news should be restricted to ronu bandits!

Hmmm.

Okay, let's wait for the wailers to do their normal job

Lol!

Lol once again.

As usual throw unverifiable figures around just to massage the ego of the emperor in Aso Rock.The question is,what is the reality on ground?we have never had this bad!
At a time when more industries are folding up and others are leaving for saner climes,one wonders how we are magically achieving growth in gross domestic product.

Crashed by 10%, grow by 3%. Agabdonomics.

Evil people. How did you met it?

Gbajue statistics

Government of propaganda

DeLaRue:
Great.

If we can hit 6% in 2 years time, and hopefully 7 or 8% annual growth by 2029/2030, that would be magnificent.

A Nigerian economy growing at a 7 or 8% per annum over a sustained period will lift millions out of poverty.

Na statistics we go shop?

It's possible as they have added Prostitution to GDP calculation.

Ok, noted.

Where are the cows?

Yahoo yahoo gdp growth of Iragbiji drug lord

BATstards, come interpret ur lies 4 us pls!

Is this for real?
Is this reflecting in the life of an ordinary Nigerian since 2023 till date.

Well GDP is not a sign of better well being, it just a measure of how much people are willing to pay for things.
So the more expensive things get the higher the GDP.
It doesn't reflect the well being of the society.

Say for example you use to buy 3 oranges for N50 and now its N100, then the GDP grows.

Once opon a time in your village/community when are stressed you can take walk to the river/beach but now a rich man has bought and fenced the place so you have to pay, the GDP increases.

GDP increase in the matter of fact means reduced comfort for the people.
Because it means you're paying for things you normally don't pay for and paying more for things you used to pay for.

GDP is growing but it doesn't reflect in masses way of life. GDP is growing but people are committing suicide on daily basis. Probably GDP is growing in their bedroom. Set of destroyers.

Agboriotejoye:
What is Nigeria's rebased GDP figures?
NBS said they'll release it ending off January
This is April nothing from them
The only thing we heard from nowhere is that Lagos is now $259bn in audio format
The next thing is World Bank accusing NBS of doctoring statistics

They rebased inflation and refused to rebase GDP. They think we’re mumus

It is fair considering where he met it.

Tinubu's target is 10% yearly but I doubt it is achievable. It would be if corporate tax rates could fall from the propose 25% to about 15%.

Such a tax rate would drive massive local and foreign investment. Soludo said that if Foreign Direct Investments in a country is equivalent to 5% of GDP yearly over 5 years, such an economy would grow so fast, it would overheat. 5% is easily achievable with 12.5% tax. It may also achieve it with 15%.