Economist and Chief Executive Officer of Financial Derivative, Bismark Rewane, has said that Nigeria is less than satisfactory in practical terms under the first two years of President Bola Ahmed Tinubu’s administration.
Rewane disclosed this in an interview on Channels Television on Thursday.
Giving his perspective on how the Nigerian economy has fared under Tinubu in the last two years, he said theoretically the country is on the right path but the policies delivered have not been satisfactory.
According to him, on the positive side, Nigeria in the last two years has achieved a 3.6 percent gross domestic product growth rate, increased revenue, improved crude oil production and balance of trade, and stable external reserves at $38 billion.
He, however, said the policies have not shown that Nigerians are better off.
Rewane further highlighted the not-too-good side of Nigeria’s economy under Tinubu to include elevated inflation, high government debt (which is at N166.71 trillion), declining per capita income, and rising cost of living.
“Unfortunately, even though the economy as a whole is doing better, the impact and the distribution of wealth and opportunities are not corresponding with the increase in growth. The increase has not shown that people are better off.
“It is difficult to score the administration. In terms of theory, Nigeria has been satisfactory regarding policy announcements. In terms of practicality, Nigeria is less than satisfactory in terms of delivery,” he stated.
As a solution, Rewane said the government should work towards making its policies translate to tangible results that make Nigerians happier.
“The difficult part is translating these policies into tangible results that make people happier tomorrow than they were yesterday”he added.
Recall that Tinubu, in his second anniversary statement, said despite the challenges of rising cost of living, his administration has “made undeniable progress.”
He noted that Nigeria’s inflation, which stood at 23.71 percent in April 2025, is on the decline.
According to him, the country achieved over N6 trillion in revenue in the first quarter of 2025 alone.
