₦airaland Forum

All the Tinubu Economy reform are mere mirage and deceit and television show

https://www.youtube.com/watch?v=tdhSq8fKy74?si=rEmAZGesfuQE99yN

You brought illiterates from a particular tribe on line who can tell their left from their right to cone give verdict on tinubu. .....only the man un long sleeve shirt made some semblance of sense.

Majority of the reforms are not well thought out, poorly executed or tied to his personal interest.

Reforms that do not affect political office holders...

economic reforms of sharing rice and palm oil

We have heard so stop crying profusely

1vandragon:
Majority of the reforms are not well thought out, poorly executed or tied to his personal interest.

Reforms that do not affect political office holders...

Tinubu did not create all the economic distortions Nigeria is now struggling with, but he is the one who chose to confront them instead of decorating them. The subsidy trap, the artificial exchange-rate system, the fiscal leakage, the culture of postponing hard decisions, and the habit of borrowing to comfort today while mortgaging tomorrow were not born in May 2023. They were accumulated over years of political cowardice and economic make-believe. What Tinubu did was not to invent the sickness, but to stop pretending it was health.

Ten signs Tinubu’s reforms are working, stated as signs, not as a claim that everything is already fine.
macro

1[b]. Nigeria moved back into external surplus.[/b]
Reuters reported Nigeria posted a $6.83 billion balance-of-payments surplus in 2024, driven by stronger trade performance and renewed investor confidence. That is a real sign of macro stabilization.

2. Foreign-exchange reserves improved sharply.
Reuters reported Nigeria’s net FX reserves rose to $34.8 billion at end-2025, up from $3.99 billion two years earlier, while gross reserves also increased. That points to better external buffers and improved confidence in the FX market.

3. Investor and ratings sentiment improved.
Reuters reported Moody’s upgraded Nigeria’s rating to B3 in 2025, citing better external and fiscal positions, and S&P revised Nigeria’s outlook to positive later in 2025, saying the reforms should yield medium-term benefits.

4. Even critics of the government now admit the reforms improved stability.
Reuters reported the IMF said Nigeria’s reforms have boosted stability, even while warning that millions still remain in poverty. That means the hardship is real, but the stabilization effect is also real.

5. The naira market is more transparent and less distorted than before.
Reuters reported the CBN linked stronger reserves and steadier market conditions to reforms that improved transparency and defined FX rules more clearly. That is a direct sign that the old opaque, backlog-heavy system has been partly cleaned up.

6. The government reduced a major subsidy burden in electricity.
Reuters reported Nigeria cut electricity subsidies by 35% after the Band A tariff reform, lowering pressure on public finances and improving sector revenue. That is painful politics, but it is also fiscal repair.

7. Power-sector reform is moving from talk to financial cleanup.
Reuters reported the government approved a ₦4 trillion electricity-sector debt refinancing plan to stabilize the industry and support improved supply. That matters because unpaid legacy debt has long crippled investment in generation and transmission.

8[b]. A major long-delayed security reform is finally moving.[/b]
Reuters reported lawmakers advanced the state police reform bill with Tinubu’s backing, the biggest progress yet on a reform Nigeria has debated for years. That is a sign of policy movement, not just rhetoric.

9. Workers got a higher wage floor during reform.
Reuters reported the minimum wage was raised to ₦70,000, ending a labour standoff. That does not solve the cost-of-living crisis, but it shows the government is not reforming with no wage response at all.

10. The reform story is attracting renewed outside interest.
Reuters reported Standard Chartered said reforms, including subsidy removal and greater central-bank reliability, are helping African countries including Nigeria win back investors. That does not happen when reforms are seen as pure failure.

A fair conclusion is this: the reforms are working at the level of stabilization, reserves, ratings, market confidence, and some structural repair — but they are not yet working enough in the kitchen, transport park, and market stall. Both things can be true at the same time

Subsidy looked kind, but it was bleeding the country. Cheap official dollars looked helpful, but they were distorting the economy. Delayed choices looked merciful, but they were making the final bill heavier. So the issue is not whether the reforms are painful. They are. The issue is whether somebody finally had the courage to administer bitter medicine instead of sweet poison.

And that is where Tinubu stands apart.

Others described the problem. He touched it. Others criticized distortion. He moved against it. Others knew the roof was leaking. He is the one inside the storm with hammer and nails.

Tinubu is not responsible for all the mistakes of the past, but he may be the first in a long while willing to pay the political price of trying to correct them.

So when we say the reforms are working at the macro level, we mean the engine is improving. But until that improvement reaches the kitchen, transport park, and market stall, ordinary people will still say the journey is too hard.

Macro signs mean the economy is standing up straighter; micro signs mean the people are still waiting to feel the relief in their pockets.


The roof may be getting repaired, but the rain is still falling inside the room.


So when we say the reforms are working at the macro level, we mean the engine is improving. But until that improvement reaches the kitchen, transport park, and market stall, ordinary people will still say the journey is too hard.

CharlesCNG:
Tinubu did not create all the economic distortions Nigeria is now struggling with, but he is the one who chose to confront them instead of decorating them. The subsidy trap, the artificial exchange-rate system, the fiscal leakage, the culture of postponing hard decisions, and the habit of borrowing to comfort today while mortgaging tomorrow were not born in May 2023. They were accumulated over years of political cowardice and economic make-believe. What Tinubu did was not to invent the sickness, but to stop pretending it was health.

Confront them but exacerbating them?

The real coward is bat because rather than confront the real economic saboteurs, he allows them to enjoy thier loot while he shifts the burden to the masses.

The same bat complained when the exchange rate was at N217, which was even the black market rate. But today, he somehow wants us to celebrate it at N1,350?

If the black market rate was N217, why the present N1,350?

All these tales about subsidy trap are just excuses to dodge responsibility and follow through on resolving the actual problems.

You talk about leakages, the presidential budget moved from about N15bn in 2023 to over N300bn in 2026. How? So while the masses suffer, the present should bask in excessive opulence? Or I guess it was also a hard decision increasing his own budget by a ridiculous amount.

Anyway, that is how people justified the incompetence of buhari. So it is no surprise the same people are praising bat for even worse incompetence.