“Economic policies should be assessed based on their impact on the welfare of citizens. Any economic policy that does not improve on the welfare of the people is inherently ineffective.” Emir of Kano, Alhaji Muhammadu Sanusi II, July 16, 2026. Tinubunomics, based on HRH Sanusi’s measure of economic policy effectiveness, has, so far, been a resounding failure – despite the attempt by the Federal Government’s propaganda machine to portray the dubious RENEWED HOPE agenda as a success.
Granted, the FG has made some progress since 2023; but, overall, the impact on the lives of majority of Nigerians – mine included — has been undeniably devastating. The President and all his well-paid spokesmen cannot convince me that my family and I are better off today than in May 29, 2023 – when my bank account tells a different story. The government’s falsehood, and that will be addressed shortly, fails because, even its spokesmen, from Ministers to the battalion of Special Advisers, all have hundreds of their own families who are caught in the increasing poverty trap which Tinubunomics has unleashed on 99 per cent of Nigerians.
The World Bank was actually being polite and generous by using the word “threatens” to describe an existential reality. Acute poverty already defines the lives of more than 90 per cent of Nigerians everywhere. The combination of rapidly increasing prices and declining discretionary income has forced millions of Nigerians to adopt eating, sleeping, drinking, traveling, health methods that virtually all would have considered unimaginable in 2015 – when the Tinubu era began.
GOVT OF THE FEW BY THE FEW FOR THE FEW “It is the greatest happiness of the greatest number that is the measure of right and wrong.” Jeremy Bentham, 1748-1832. That was the way Bentham conceived of a government elected by the citizens of any country. It will be extremely difficult for any right thinking government official, simply because they have been invited to “come and eat”, to dispute that assertion as a basis for assessing Tinubunomics.
Certainly, none of them can argue that the greatest number of Nigerians are already living well below the poverty line; and now, the World Bank is predicting a worse scenario – despite the desperate attempt to deceive suffering Nigerians that all is well. It won’t work because “Love and business and family and …
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