It is trite to say that President Bola Tinubu assumed office over one year ago at a time Nigeria was in an intensive care unit – literally on life support – from an economic point of view. What the president has been trying to do, since then, is akin to reviving a patient that had been in a coma to achieve a reasonable level of stabilization that would enable the latter to respond properly to treatment in order to attain full recovery and sound health.
The two key policies Tinubu put in place to stabilize the economy and bring about a revival of the economy are the removal of subsidy on petroleum products and floating of the exchange rate. The policies have hadsome unpleasant outcomes, as everyone knows and the government has admitted. The prices of basic needs like food, transportation and healthcare have gone through the roof. These outcomes, as the government has tried to explain, were unintended.
It is obvious a great majority of Nigerians are not on the same page with the…