BUSINESS DAY
Nigeria’s political climate, under President Bola Tinubu’s leadership has taken a sharp turn, stirring deep concerns among its citizens.
The president’s economic reforms and controversial decisions have left many wondering the direction the country is headed, perhaps teetering on the edge of authoritarian rule. Like the country was during the years preceding the 1999 transition to democracy, here are five critical signals suggesting a Nigeria slipping into dictatorship.
Economic reforms: Praised, yet problematic
When President Tinubu took office, his initial economic reforms were seen as bold moves to stabilise Nigeria’s economy. Among the reforms, the removal of the long-standing petrol subsidy was celebrated by some as a necessary step. Foreign investors also welcomed the unification of exchange rates, viewing it as a step towards transparency.
However, the honeymoon was short-lived. Public discontent soared following the rapid approval of a ₦2.17 trillion Supplementary Appropriation Act, which included funds for luxury items like a presidential yacht and bulletproof cars. With federal civil servants earning less than $40 a month, the government’s expenditure on a $38 million presidential air fleet sparked outrage.
Controversial cabinet appointments
President Tinubu’s choice of cabinet members has also stirred controversy. While some, like Wale Ẹdun, the finance minister and Muhammad Ali Pate, the health minister, are highly regarded, others have been accused of being selected based on political loyalty rather than merit.
New jet, luxury cars amidst economic woes
Perhaps the most symbolic of the administration’s actions was the acquisition of a new Airbus A330 for the presidential fleet, reportedly costing around ₦150 billion. The timing couldn’t have been worse. “This purchase is unfathomable given our current economic situation,” former minister Oby Ezekwesili commented. The jet’s arrival coincided with widespread protests over rising living costs, making it a lightning rod for criticism.
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