President Bola Tinubu’s Administration in Nigeria: Mid-Way Evaluation of Performance in the First Term

Rex Oforitse ARUOFOR; PhD; Daniel Risiagbon OGBEIDE; PhD

doi:10.56201/jpslr.vol.11.no6.2025.pg26.48

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President Bola Tinubu’s Administration in Nigeria: Mid-Way Evaluation of Performance in the First Term

Rex Oforitse ARUOFOR, PhD, Daniel Risiagbon OGBEIDE, PhD

Abstract

The Bola Tinubu’s administration came on board in Nigeria in year 2023, in continuation of the policies of the All Progressives Party (APC). Since then, his policies have been consistent with deregulating the Nigerian economy. Indeed, one of the first policies administered by the regime was the removal of fuel subsidy; because according to President Bola Tinubu, Nigeria could not afford subsidizing the neighboring countries of Chad, Niger, Benin, Cameroon and other Republics with its fuel subsidy policy. With the removal of fuel subsidy, the domestic pump price of petrol (PMS) rose to an average of N600.00/liter across the country. This resulted in massive hue and cry on the social media with an unprecedented general price hike in commodities across the country. As a result of this act, as well as floating the foreign exchange rate, the administration has come under the full glare of critics, most of which have not been complementary. The Bola Tinubu’s Administration has just completed the first half of its first term and it is believed that the time is apt for an objective evaluation of the performance of the administration by reviewing the policies enunciated. In particular, the policies of the administration with respect to domestic fuel price, exchange rate, general price level, unemployment and government expenditure were assessed. While the aim is not to castigate the administration, the main objective is to find out what the data say and using the Total differential modeling approach and Markov Chains Analysis, to objectively analyze the actual impact of the administration through its policies on the Nigerian economy for the benefit of the next half of the first term. It was found that Bola Tinubu’s Administration’s policies on the Nigerian economy may appear harsh at first sight but overall, the impact on the Nigerian economy seemed positive. However, the main reason why the policies may not have received applause can

Keywords

Fuel subsidy policyFloating foreign exchange rateUnemployment rateTotal

References

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President Bola Tinubu’s Administration in Nigeria: Mid-Way Evaluation of Performance in the First Term

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