Displaying items by tag: Bola Tinubu

On 1 October, in a televised speech to mark Nigeria’s 64 years of independence, President Bola Tinubu acknowledged the financial struggles and search for meaningful employment faced by many people. He listed security gains and investments in farm machinery among achievements which would help ease economic pressures, and also announced a national youth conference, known as ‘the 30-day Confab’, whose recommendations would be considered and implemented. The president stressed that the government is mindful of future generations and their potential to contribute to the nation’s progress. However, protests against the current economic hardships have taken place in several states, reflecting discontent among citizens. Some expressed disappointment with the lack of concrete measures to reduce inflation and improve living standards. Tinubu defended his economic reforms, which have pushed the inflation rate to a 28-year high.

There has been widespread outrage after the government acquired an Airbus A330 for the presidential fleet despite the severe economic crisis. This move comes just weeks after nationwide protests over rising hunger and living costs. President Tinubu, who has implemented several economic reforms like the removal of fuel subsidies, justifies these changes as necessary for reducing government spending and fostering long-term growth. Despite announcing a 60% reduction in official travel delegations, he travelled to France using the newly acquired plane, which was bought to replace an older one. The cost of the plane and the purpose of his trip remain undisclosed. Many have condemned the purchase as insensitive, but officials said that the presidential fleet had a high maintenance cost due to the age of its planes, so it was a necessary investment.