• Business - Economy
  • Updated: March 04, 2023

Tinubu: Expectations From President-Elect’s Plan To Revamp Nigeria’s Economy

Will Nigeria's business world improve? Is Tinubu capable of expanding Nigeria's business operation? Can he revive Nigeria's dead economy? Does he own any establishment that is huge enough to grow the Nigerian economy?

These are a few of the questions that might have popped up in the minds of many Nigerians since Bola Ahmed Tinubu was declared the winner of the Nigerian presidential election.

This article aims at providing answers to these questions based on the President-elect's manifestoes, achievements, establishment and promises he has made to Nigerians.

Promise Of Expanding Business Operations

Tinubu stated on Wednesday, March 1, 2023, at the office of his campaign council that he understands the aches and aspirations of Nigerians, and promised to make credit facilities available to business owners to expand their operations.  

He also noted that he would provide the populace with the skills that will make them employable.

"I make a covenant with you today that the unemployed among you will get a job. 

"Those with no skills will be provided with the relevant skills that will put food on their table.

"We will make soft loans available for market women and business owners to expand their operation", he stated.

Tinubu and his campaign council

Track Record As A Governor

Tinubu being the former governor of Lagos from 1999 to 2007 boasts of liberating the state and overseeing the growth of its internally generated revenue from N600 million to N5.5 billion generated monthly at the end of his tenure. 

He also oversaw an increase in personal consumption, business investment, government spending and net exports.

Is He Up To The Task?

AllNews Nigeria reached out to an economist, Anifowose Adewale who stated that the president-elect is capable of improving the nation's business operation and also reviving the economy judging his achievement as a former governor and also with his experience.

"To begin with, being an entrepreneur and a business tycoon who owns some of the nation's top firms in different sectors, I believe he should be able to revive Nigeria's dead economy, improve business operations and create job opportunities for the unemployed youths in the country.

"Tinubu is experienced, he knows the in and out of how to improve the weak systems of Nigeria's economy because he owns various establishments, so if he really wants to grow the Nigerian economy, it is very possible for him to accomplish.

 "So, personally, I believe Tinubu is the right person for the job when speaking of who and how to grow the nation's economy and the Nigerian business world."

Also speaking, Yusuf, another citizen who expressed his point of view regarding what to expect from the President-elect's economic agenda said when Tinubu was the Governor of Lagos State, there was no record of him doing poorly in the area of the economy.

"Just like the English people would say, do not judge a book by its cover, we can't really talk much about what Tinubu has not started.

"But since we don't have any record of him doing poorly in the area of the economy when he was the Governor of Lagos, I believe could do well now too in improving the nation’s economy."

Explaining further, he added that since the country is practising a capitalist economy and Tinubu is also a capitalist, he would do well in reviving the nation’s dead economy.

"Also, Tinubu is a capitalist, I feel that he would improve the Nigerian business world since we are practising a capitalist economy," he said.

With the above points, Nigerians can only expect that the President-elect will live up to his promise of revamping the nation’s ailing economy.

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Felicia Abisola  Olamiji
Felicia Abisola Olamiji

  A graduate of English Language from Olabisi Onabanjo University, passionate about learning new...

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