₦airaland Forum

President Bola Tinubu has declared that his administration saved Nigeria from the brink of national bankruptcy by laying a solid foundation for gradual economic recovery.Nigeria travel guide

The President stated that removing the fuel subsidy was critical to preventing fiscal collapse and restoring long-term economic stability.

Tinubu made the remarks while hosting state governors who visited the Presidential Villa to celebrate this year’s Eid al-Adha (Sallah) and mark his third year in office.

In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the President noted that ongoing reforms across various sectors are gradually restoring investors’ confidence in the economy.Presidential candidate profiles

He commended the governors for their resilience and support, saying they have stopped depending on federal bailouts.

“I’m glad governors are no longer borrowing from the federal government and asking for interventions… You kept the spirit, you kept the hope.

“You persuaded our people to be patient and endure these three years of painful reform, during which we put the economy on a reset. Today, the benefits are showing,” Tinubu said.

Governors present at the meeting were those of Lagos, Nasarawa, Jigawa, Sokoto, Kebbi, Taraba, Niger, Ekiti, Delta, Ondo, Edo, and Adamawa states.

Others included the governors of Benue, Enugu, Ogun, and Kogi states, as well as the deputy governors of Borno and Kano states.

Mumu president deceiving his urchins

Nigerians all over the world are proud and happy to have TINUBU as president

That absolutely no educated person can deny

After Bihari printed over 13 trillion naira in way and means

Tinubu came into power before the Argentine president, whose country went into bankruptcy. Today, Argentina has managed to curb inflation and improve its economy, showing measurable progress. In contrast, Tinubu has led Nigeria into debt and is now discussing bankruptcy.

IsraeliAIRFORCE:
Tinubu came into power before the Argentine president, whose country went into bankruptcy. Today, Argentina has managed to curb inflation and improve its economy, showing measurable progress. In contrast, Tinubu has led Nigeria into debt and is now discussing bankruptcy.

You should also be honest enough to mention the austerity argentines are facing,how many job losses,how many public works cuts and how life is tough for the average argentine,but to you obidients,its OK for Argentina but bad for Nigeria because your man isn't the one in power.....subsidies can be removed in Argentina but cant in Nigeria.,how more confused can you obidients be.

Daguccizgreat:
Mumu president deceiving his urchins

Point out the deception in his statement,are states now depending on fg for bail out as was the case in the past,are states being unable to pay salaries under tinubu as was the case in the past when you obidients were sating nigerians were enjoying but civil servants were being owed salaries.

IsraeliAIRFORCE:
Tinubu came into power before the Argentine president, whose country went into bankruptcy. Today, Argentina has managed to curb inflation and improve its economy, showing measurable progress. In contrast, Tinubu has led Nigeria into debt and is now discussing bankruptcy.

Determining which economic reform has yielded "better" results depends entirely on whether you look at macroeconomic metrics like inflation reduction and fiscal surpluses (where Argentina leads) or macroeconomic growth stability and debt management (where Nigeria leads). Both President Javier Milei of Argentina and President Bola Ahmed Tinubu of Nigeria took office in 2023, inheriting heavily distorted economies and pushing aggressive shock-therapy reforms including currency floating and subsidy cuts.An overview of their metrics reveals a stark contrast in their reform models:At-a-Glance Reform

ComparisonMetric / IndicatorArgentina (Javinomics / Chainsaw Approach)Nigeria (Tinubunomics / Gradualist Stabilization)Primary StrategyAggressive public spending cuts, massive state layoffs, strict balanced budget tracking.Fuel subsidy removal, exchange rate unification, tax base expansion, and internal financing.Inflation TrajectoryDrastic Reduction: Plummeted from a peak of over 211% in 2023 to around 31.5%.Moderating: Peaked at 34.8% in late 2024 and has since cooled down toward the low 22% region.Fiscal BalanceAchieved its first budget surplus in 12 years via extreme austerity.Operating on a deficit, but saved trillions by avoiding ballooning fuel subsidies.Debt ProfileHigh Risk:

Heavily indebted to international bodies, with a debt-to-GDP ratio hovering above 80–90%.Sustainable: More resilient debt profile with a lower debt-to-GDP ratio (under 54%).GDP Growth OutlookStagnant to slow recovery following massive internal demand drops due to wage freezes.

Positive Outlook: The IMF has upgraded Nigeria's growth forecast to 4.4%.Social ImpactSevere human cost, though urban poverty recently began dipping back under 40% from over 52%.Extreme microeconomic pressure, with over 60% of citizens hit by food and cost-of-living insecurity.Where Argentina Yielded Better Results: Inflation & Fiscal DeficitsThe "Inflation Miracle":

Argentina’s shock therapy focused on choking off central bank money printing. According to reports tracked by The Conversation, annual inflation nose-dived from over 211% down to ~31.5%.Slashing Fiscal Waste: By freezing public infrastructure projects and cutting government ministries, Milei forced a state budget surplus out of sheer willpower.Poverty Reversal from Peak: After initially spiking, targeted rollouts helped pull urban poverty down to 38.1% from a staggering 52%.

Where Nigeria Yielded Better Results: Debt & Economic GrowthAvoiding Default: Unlike Argentina, which remains heavily dependent on massive multi-billion dollar IMF Extended Fund Facility bailouts to stay afloat, Nigeria finances its structural adjustments internally and boasts a vastly safer debt-to-GDP landscape.
Thriving Capital & Investments: Nigeria's reforms have successfully averted a total balance-of-payments collapse.
The country is on track to attract nearly $20 billion in foreign investments in diversified sectors like tech startups and renewable energy.Growth Rebound:

The economy is stabilising faster in real productivity terms. This is evidenced by the IMF upgrading Nigeria’s forward economic growth outlook.VerdictIf "better results" means halting hyperinflation and balancing the government's books at all costs,

Argentina's reforms have been more effective. However, if "better results" means steering a massive nation clear of sovereign bankruptcy while building an internationally backed, investment-friendly growth path, Nigeria's model shows a safer structural foundation. Both nations continue to battle severe cost-of-living crises at the microeconomic household level.AI can make mistakes, so double-check responses My Economic Reforms Are Yielding Positive Results

Our president is working. Say no to regime change by violence or threats on innocent people.

Especially when it's done by those who wish the presidency bad

After saving them, you then looted the whole money, with the bullion van, and inflicted thorough hardship on the same Nigerians. 😀 Oga, if you get single shame, resign you know nothing about governance.

Lithiumite:
Point out the deception in his statement,are states now depending on fg for bail out as was the case in the past,are states being unable to pay salaries under tinubu as was the case in the past when you obidients were sating nigerians were enjoying but civil servants were being owed salaries.

So by your assertion, he has saved Nigeria by doing that ? You're delusional. Nigerian economy is in coma,Naira is the weakest currency in west Africa but here you're talking trash.

Good from the President.. However our governors should have done better with the huge inflows to their states.. Most states aren’t doing enough with the huge monthly allocations

Yet every Nigerians blame only the federal govt instead of pointing to states