FX Guys

Tinubu-pain or Buba-pain?

For context, let us chew on this information. When Buhari took over in 2015, Nigeria’s inflation rate was 9%. When he dropped the baton in 2023, the headline inflation rate had skyrocketed to 29%! Today, it stands at 34%, with food inflation at 39%, the seventh highest in the world.

No doubt, Nigerians are suffering without the usual smiles, the suffering not seen for decades. In historic Nigerian city-states, the reigning monarch was deemed responsible for both good times and bad times. Back then, without the benefits of economic science, no interrogation could be done to determine whether the poor times were a spillover from the past monarch. Unfortunately, this sentiment persists in the country among the general population and the intelligentsia. Today, no one remembers Buhari’s disastrous policies that preceded Tinubu. Today, it’s T-pain, forgetting the horrendous damage done to the economy by the previous…
Read More