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;
Mayor of Brampton Honours IBD Foundation
The City of Brampton has recognised Alhaji Ibrahim Dende Egungbohun for his remarkable contributions to a transformative initiative designed to empower women through essential skill-building for independence and self-reliance. This formal acknowledgment took place on August 15, 2025, in Mayor Patrick Brown’s office during a visit from the Africa Made Economic Growth Initiative (AMEGI) team. Represented by his wife, Mrs. Omolara Egungbohun, Alhaji Dende received the certification amidst an atmosphere of gratitude and celebration. Mayor Brown presented the certificate personally and extended his commendations to the IBD Foundation for their relentless pursuit of women’s empowerment, development, and their philanthropic efforts.
The Certificate of Recognition underscored Egungbohun’s unwavering dedication and tireless efforts to create diverse opportunities for women to enhance their skills, develop their potential, and ultimately prosper in their personal and professional lives. As a philanthropist, esteemed businessman, and influential social figure, his impact in Nigeria and beyond is both profound and far-reaching.
Egungbohun’s generosity and steadfast commitment have significantly bolstered the confidence of program participants, facilitating their ability to envision and construct brighter futures while strengthening community ties. In his acknowledgment, Mayor Brown stated, “Your dedication uplifts those working to inspire others,” highlighting the deep and lasting influence of Egungbohun’s work in empowering women.
This initiative is not just a standalone effort; it harmonizes perfectly with Brampton’s broader mission to advocate for and uplift marginalized groups within the community. Egungbohun’s contributions serve as a vital catalyst for transformative change, offering practical skills that enhance employability while reshaping the economic and social framework for women. Through an assortment of workshops, mentorship programs, and robust support networks, he has fostered an encouraging environment where women can fully explore and realize their potential.
As Brampton steadfastly commits itself to promoting inclusivity and equity, leaders like Egungbohun exemplify how collaboration, vision, and genuine enthusiastic engagement can effectively turn hopes and aspirations into tangible realities. The public acknowledgment from the city not only honors individual efforts but also sends a resounding message, inspiring other community leaders and stakeholders to step up and invest in grassroots empowerment initiatives that uplift and serve those in need. This recognition is a clarion call for collective action toward a more equitable and inclusive society.
Tayo Folorunsho Nominated as Celebrity Special Marshal of the Federal Road Safety Corps
Tayo Folorunsho, renowned youth ambassador and edutainment advocate, has been officially nominated to be decorated as a Celebrity Special Marshal (CSM) of the Federal Road Safety Corps (FRSC).
The unveiling took place at the recently concluded FRSC Youth Hangout, held in celebration of the United Nations International Youth Day at the National Judicial Institute, Abuja.
Over the years, Tayo Folorunsho has distinguished himself as a passionate youth leader, consistently driving initiatives that inspire and empower young people. His recognition as a Celebrity Special Marshal is not only a mark of honor but also a call to responsibility—championing road safety, responsibility, and positive change within society.
Speaking on the recognition, Tayo Folorunsho emphasized:
“This is more than an honor; it is a responsibility to use my voice and influence to promote safety, responsibility, and positive change on our roads.”
This milestone reinforces his commitment to youth empowerment, social responsibility, and nation-building through edutainment and advocacy.
society
FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria
FRSC Partners with Edutainment First International to Drive Road Safety Awareness in Nigeria
In a country where road accidents claim thousands of lives each year—most of them young people—the Federal Road Safety Corps (FRSC) and Edutainment First International have launched a bold new initiative to change the narrative. On Thursday, August 14, both organizations hosted the maiden Road Safety Youth Hangout at the National Judicial Institute, Abuja.
The event, held to mark United Nations International Youth Day 2025, brought together more than 300 participants, including members of the National Youth Service Corps (NYSC), students, youth leaders, and community representatives. Unlike traditional road safety campaigns, the hangout was designed as an interactive forum blending education and entertainment, where young Nigerians could learn, innovate, and commit to safer road practices.
According to FRSC data, young people remain the most vulnerable demographic in road traffic crashes across Nigeria—an urgent concern this initiative aims to tackle. Through storytelling, innovation, and collaborative problem-solving, the Road Safety Youth Hangout sought to transform young Nigerians into advocates for safety within their communities.
“This is not just about rules and regulations,” said one of the organizers. “It’s about equipping young people with the tools and the voice to change Nigeria’s road culture.”
Aligned with the UN’s 2025 theme, “Local Youth Actions for the SDGs and Beyond,” the program underscored the critical role of young Nigerians in advancing the Sustainable Development Goals (SDGs), particularly those connected to health, safety, and responsible citizenship.
By focusing on empowerment rather than enforcement, FRSC and Edutainment First International signaled a fresh approach to road safety: investing in the next generation as the real drivers of change. The belief is simple yet powerful—an informed and empowered youth population is key to reducing accidents and saving lives.
For many participants, the hangout was more than just an event; it was a wake-up call. With interactive sessions infused with music, drama, and dialogue, young Nigerians were challenged to reflect on their daily habits as road users and to embrace leadership as advocates for safer communities.
As one youth participant reflected:
“Road safety isn’t just the job of the FRSC. It’s our responsibility too—because we are the ones most at risk.”
The maiden edition of the Road Safety Youth Hangout may have ended, but the movement it launched has only just begun. Its message was unmistakable: Nigeria’s fight for safer roads must be youth-led, collaborative, and relentless.
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