Chineye Egesi
Jun 02, 2026
3 min read
Despite the economic hardship across the country, Nigeria's President Bola Ahmed Tinubu said that instead of the nation going bankrupt, it had scaled through the hard times and has survived.
Passing the message which connotes that the Nigerian economy was in a mess prior to his emergence, he said the nation's economy has recovered and growing.
This statement is common with most Nigerian presidents. On emergence, they brainwash Nigerians to believe the preceding administration destroyed the economy and their emergence is on a rescue mission.
From President Olusegun Obasanjo to this presidency of Tinubu, each successive administration always paint the previous administration as a disaster with their emergence as a deliverer.
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Though many Nigerians are crying of hunger and high cost of living, the president said "agriculture is growing and food is here". He expressed satisfaction that the governors of the country have kept the spirit and hope of a renewed Nigeria.
For him, the economy has improved and living conditions have changed for Nigerians. This is amidst cries across the country and rejection of his 2027 ambition across many quarters of the country.
Speaking directly to Nigerian governors, he said: "You kept the spirit, you kept the hope, you persuaded our people to be patient to endure these three years of painful reform where we put the economy on reset."
He added: "Today the benefit is showing, economy has recovered. micro-economic indices are doing very well, construction is ongoing in roads, infrastructure, the ones abandoned are being rehabilitated. Housing industry is also doing very well. Agriculture will prosper again. And we'll soon attain food sovereignty."
Chineye Egesi
May 06, 2026
Credit extended by Nigeria’s banking industry to the private sector reached an all-time high of N94.61 trillion in February 2026, according to new data from the Central Bank of Nigeria (CBN).
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