By Musa Bakare
President Bola Ahmed Tinubu’s administration is blazing a bold trail of economic emancipation, fearlessly confronting the entrenched powers that have long sabotaged Nigeria’s economy. In just over two years in office, President Tinubu is taking sweeping decisions that many analysts agree are vital for pulling Nigeria out of decades long economic captivity.
For far too long, Nigeria has been held hostage by vested interests powerful individuals, cabals, cartels, and institutional cankerworms, who thrive on distorting markets, looting public funds, and frustrating national development efforts. These economic saboteurs turned national policies into personal wealth pipelines, while the masses bore the brunt of poverty and inequality.
One of the most groundbreaking moves of the Tinubu administration was the removal of the fuel subsidy, a policy long used as a smokescreen for monumental fraud. Though the subsidy was originally introduced to ease the burden of fuel costs on citizens, it turned into a corrupt, unsustainable scheme enriching a few at the expense of the nation.
By eliminating this fiscal burden, President Tinubu has freed billions of naira, now being reallocated to critical sectors such as infrastructure, education, and healthcare, paving the road toward a more inclusive and equitable economy.
In tandem with this, the government’s bold unification of the foreign exchange rate has dismantled the arbitrage friendly multi window forex regime that served as a feeding trough for economic opportunists.
Floating the naira, though initially triggering market volatility was a crucial step toward investor confidence, transparency, and long-term economic stability.
Beyond subsidy and forex reforms, President Tinubu’s administration has declared war on systemic revenue leakages, illicit financial flows, and bloated government expenditures. The Presidency’s collaboration with the Central Bank on policy restructuring, coupled with an aggressive revamp of the Federal Inland Revenue Service (FIRS), is laying the foundation for a broader tax net and stronger financial discipline.
These reforms are not just about numbers; they are about restoring fairness and dignity to a system rigged against everyday Nigerians. They are about ensuring that public resources work for all, not for a select few who have long held Nigeria hostage.
Unsurprisingly, the reforms have sparked fierce criticism, especially as inflation and living costs rise. Yet, many economic experts argue that these short term pains are the necessary costs of rebuilding a broken system.
The president inherited a nation already teetering on the edge, weakened by years of mismanagement, oil theft, and policy inertia.
True emancipation, as history has shown, often comes at a cost. President Tinubu has chosen the path of courage, not convenience; reform, not rhetoric. His leadership is anchored on the long view a Nigeria that can finally stand on its own feet, economically sovereign and structurally sound.
More than just economic figures, President Tinubu’s reforms are about restoring the Nigerian dream. A dream where every citizen, regardless of background can compete globally, own property, build wealth, and live in dignity.
He envisions a country that rewards hard work, innovation, and resilience, not one captured by patronage, shortcuts, or elite manipulation.
As these reforms take hold and begin to yield fruit, history will not forget the man who dared to confront Nigeria’s worst economic demons.
President Bola Ahmed Tinubu is not merely governing; he is delivering, liberating, and reengineering the nation’s future.
– Musa Asiru Bakare, a Foundation Member, All Progressives Congress (APC), Member, Tinubu Support Group (TSG), writes from Lokoja, Kogi State.
