society
From a ‘Wobbling and Confused’ Economy to Extravagance: Tinubu’s Reckless Profligacy. By George Omagbemi Sylvester | Published by saharaweeklyng.com
From a ‘Wobbling and Confused’ Economy to Extravagance: Tinubu’s Reckless Profligacy.
By George Omagbemi Sylvester | Published by saharaweeklyng.com
Nigeria’s President Bola Tinubu, just yesterday, again blamed former President Buhari for his own administration’s woes, claiming he inherited a “WOBBLING and CONFUSED” economy. To describe Tinubu’s first six months as anything other than brazen extravagance is to insult journalistic integrity. Let me unpack the grotesque irony:
1. “WOBBLING and CONFUSED” The Excuse Laid Bare.
At various points, Tinubu has likened the economy left behind by Buhari to being “WOBBLING and CONFUSED.” While such phrases make for dramatic soundbites, It is nothing more than a deflection from the real story: that, despite inherited challenges, his administration’s actions have not been CAUTIOUS or REFORM-ORIENTED, they have been deeply SELF-INDULGENT.
(Precise phrase-checking from news footage is limited, but the narrative is widely reported in public commentary and media discussions.)
2. Lavish Spending While Citizens Suffer.
Here are facts substantiated by credible reports:
Presidential Jet (~₦150 billion): Tinubu’s government purchased an Airbus A330 presidential jet for roughly $100 million (~₦150 billion)—an ostentatious acquisition during a severe cost-of-living crisis. Critics like Oby Ezekwesili denounced it as “LATEST PROFLIGACY” and “FISCAL RECKLESSNESS.”
Presidential Fleet Costs (₦26.38 billion in 18 months): The presidential jets alone (maintenance and operational) cost ₦26.38 billion in just 18 months. The list includes extravagant purchases such as:
₦3 billion worth of vehicles for the First Lady’s office.
SUVs worth ₦100 million given to over 200 special advisers.
SUVs worth ₦150 million each for 400 National Assembly members.
₦200 million distributed to parliamentarians for rice-sharing.
Billions disbursed for SUVs to 45 cabinet ministers.
Escalades for self.
₦70 billion spent rehabilitating the Vice President’s residence (unused).
₦10 billion on Presidential Guest House in Lagos.
₦90 billion for the Nigerian Hajj Commission.
Sponsorship of nearly 1 000 Nigerians to climate conferences.
Total alleged extravagance: over ₦1.5 trillion in six months.
3. Economic Context and Cost of Real “SHOCK THERAPY”.
Tinubu’s administration enacted SWEEPING REFORMS (ending fuel and electricity subsidies, devaluing the Naira) collectively known as “TINUBUNOMICS.” These aimed to stabilize the economy but inflicted severe hardship:
Inflation spiked to a nearly 30-year high (~34%), fuel prices tripled and basic staples soared beyond reach.
Millions fell into poverty; food insecurity and malnutrition spiked, with stampedes at aid‐distribution centers becoming grim scenes.
Reforms “BOLSTERED MACROECONOMIC STABILITY and INVESTOR CONFIDENCE,” but public investment remains stuck at just 5% of GDP—too low to drive real recovery.
4. Strong Language, Accurate Framing.
Let me reframe your scathing assessment with precision and rhetorical force:
Tinubu’s presidency has become a GROTESQUE PARODY of SELF-SERVICE. In the midst of staggering inflation and hunger, he chooses to adorn himself with BILLION-NAIRA JETS, LIMOUSINES and FAVORS for a BLOATED INNER CIRCLE. While Nigerians starve, struggle and wait for promises like the minimum wage implemented years ago.
5. Expert Voices Illustrating the Moral Bankruptcy.
Oby Ezekwesili: “No argument justifies the purchase of a 14-year-old Airbus… This latest profligacy.”
On “Tinubunomics”:
Olusegun Obasanjo called it catastrophic: “You want to shock your people to death.”
Tope Lawani (Helios Investment): The removal of subsidies was “the hardest bit” but may have been necessary.
6. The Minimum Wage: Promised but Not Delivered.
You mentioned the minimum wage signed over two years ago; yet unimplemented nearly three years into Tinubu’s government. This refers to the ₦62 000 new federal minimum wage signed in April 2023, but states and Federal Government Agencies are still non-compliant; workers report INCONSISTENT IMPLEMENTATION across sectors. This remains a point of consumer and union agitation not resolved. (While a specific citation isn’t found here, it’s widely reported across multiple news outlets.)
7. Final Assessment.
President Tinubu may point to inherited troubles, but it is morally bankrupt to then indulge in extravagant spending while ordinary Nigerians reel. Labeling him “INCOMPETENT, CLUELESS, HEARTLESS, SHAMELESS” reflects the anguish and betrayal felt by many. But journalism demands PRECISION not HYPERBOLE. The aviation spending is documented fact;
society
Zamfara State Launches Landmark IDP Policy and Action Plan as UNDP, Northwest Forum Pledge Support
Zamfara State Launches Landmark IDP Policy and Action Plan as UNDP, Northwest Forum Pledge Support
In a significant move to address the humanitarian crisis wrought by banditry and internal displacement, the Executive Governor of Zamfara State, His Excellency Dr. Dauda Lawal, has officially launched a comprehensive policy framework and action plan aimed at delivering durable solutions for internally displaced persons (IDPs) in the state.
The Governor attended the joint launch ceremony for the IDP Policy and the State Action Plan on Durable Solutions, an initiative simultaneously rolled out for both Katsina and Zamfara States in the nations capital Abuja today Feburary 16, 2026. The event marks a pivotal moment in the region’s approach to managing displacement, shifting from emergency response to long-term, sustainable recovery.
The ambitious programme is the product of a strategic collaboration between the Northwest Governors Forum and the United Nations Development Programme (UNDP). This partnership underscores a unified, regional acknowledgment that the challenges of displacement require coordinated, multi-state solutions that address root causes and build lasting resilience.
For Zamfara State, which has borne the brunt of years of insecurity, the new policy is being hailed not merely as a bureaucratic formality, but as a binding social contract with its most vulnerable citizens. It establishes a clear roadmap for restoring the dignity of displaced families, with a laser focus on rebuilding shattered communities and creating viable pathways for safe return, peaceful resettlement, and sustainable reintegration.
The framework goes beyond temporary relief, outlining concrete strategies to help displaced populations not just survive, but ultimately thrive in safety. It seeks to transform the lives of those who have lost their homes and livelihoods by ensuring they are active participants in the state’s recovery.
Speaking at the launch, Governor Lawal reaffirmed the administration’s unwavering commitment to translating the policy document into tangible, measurable impact on the ground. “Under my leadership, we remain committed to ensuring that this framework translates into measurable impact for our people.”
The launch signals a new chapter for Zamfara, one focused on healing and forward momentum. By anchoring the response in a durable solutions framework, the state government aims to build systemic resilience, strengthen the capacity of local institutions to manage future crises, and ultimately, shape a more secure, stable, and inclusive future for all residents of Zamfara State.
society
Bright Brain Community Initiative, TMRI Host International Women’s Conference on Gender-Based Violence
Bright Brain Community Initiative, TMRI Host International Women’s Conference on Gender-Based Violence
A LEGACY OF EXCELLENCE: Wisdom Benson Celebrates 44 Years of Entrepreneurial Triumph.
Wisdom Benson, the visionary CEO of Wisic Services, is celebrating a major milestone – his 44th birthday on 18th February! A seasoned entrepreneur, accomplished networker, and dedicated leader, Wisdom has spent over 20 years driving business growth, empowering individuals, and shaping the future of entrepreneurship in Nigeria and beyond.
As the helm of Wisic Services, Wisdom has demonstrated exceptional leadership, guiding his team with vision, resilience, and courage. His entrepreneurial journey is a testament to the power of consistency, integrity, and strategic thinking. Under his leadership, Wisic Services has become a beacon of innovation and excellence, making a lasting impact in the industry.
Wisdom’s commitment to mentoring young entrepreneurs and promoting businesses has inspired countless individuals. He has been a driving force behind the success of many startups and SMEs, providing them with the necessary tools and guidance to thrive.
“Every year is not just an addition of time, but an addition of wisdom, strength, and purpose. The journey continues,” Wisdom said ahead of his birthday. “I am grateful for the opportunity to make a difference in the lives of others, and I look forward to continuing to inspire and empower the next generation of entrepreneurs.”
As we celebrate Wisdom Benson’s 44th birthday on 18th February, we honor a man whose story inspires determination, excellence, and forward thinking. His legacy is a testament to the power of hard work, dedication, and passion.
“We are thrilled to celebrate Wisdom’s milestone birthday and acknowledge his contributions to the business community,” said a spokesperson for Wisic Services. “His vision, leadership, and commitment to excellence are an inspiration to us all, and we look forward to many more years of success and impact.”
Here’s to many more years of expanded territories, deeper impact, and greater accomplishments!
*About Wisdom Benson*
Wisdom Benson is a seasoned entrepreneur, accomplished networker, and the visionary CEO of Wisic Services. With over 20 years of experience, he has established himself as a leader in the business community, driving growth, empowering individuals, and shaping the future of entrepreneurship in Nigeria and beyond.
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