Tinubu’s first anniversary of a wobbling presidency
Hearty congratulations to Jagaban Borgu, the 16th president of Nigeria, Asiwaju Bola Tinubu, and the 28 governors who were inaugurated this day last year. So soon, it’s a year in government for them and the scorecard is there for all to see. The truth is that the approval rating of Tinubu right now is abysmally low. Rather than improve the standard of living of Nigerians, he has rather been able to increase our cost of living beyond bearable limits. Under former President Muhammadu Buhari, all our development indices were pointing south and Jagaban has further taken us south-south. Lest readers accuse me of speaking in parables, what was the exchange rate of naira to the dollar under Buhari? It was about N460 to $1. On Monday, $1 was exchanged for about N1,339. In May 2023, the interest rate was 18.5 per cent according to the Central Bank of Nigeria. Just last week, the same CBN increased the interest rate to 26.25 per cent. According to the National Bureau of Statistics...