Financial Times blames Tinubu’s ‘disjointed policies’ for Nigerians’ hardship 

President Bola Tinubu’s economic policies are disjointed, pushing tens of millions into misery and would not end Nigerians’ hardships, Financial Times reported.

In an editorial article assessing Mr Tinubu over one year in office published on Wednesday, the newspaper dismissed “Tinubunomics,” a term blending Mr Tinubu’s name with the last five letters of “economics,” as “disjointed.”

“Tinubu­n­om­ics” is so dis­join­ted it barely deserves the name,” Financial Times wrote, warning that “Shock ther­apy will prob­ably fail if important adjust­ments are not made.”

The newspaper said under Mr Tinubu’s watch, “Hunger levels are soaring and millions of children are fore­go­ing meals and school,” adding that the president’s economic policies, fuel subsidy removal and floating of the naira, have “pushed tens of mil­lions of already impoverished people deeper into misery.”

“In the nearly 15 months since Bola Tinubu became pres­id­ent, he has forced his 220 million fel­low Nigeri­ans to swal­low some bit­ter medi­cine. He removed a gen­er­ous fuel sub­sidy, one of the few bene­fits cit­izens receive from their inef­fi­cient and cor­rupt state.

“He allowed the country’s currency, the naira, to enter freefall, fuel­ling impor­ted infla­tion and trig­ger­ing the worst cost of liv­ing crisis in a gen­er­a­tion. These measures have pushed tens of mil­lions of already impov­er­ished people deeper into misery,” Financial Times said.

Ibrahim Ibrahim

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