Nigeria’s Economic Crisis Predates Tinubu, Says Former Minister Ikoh

Former Minister of State for Science and Technology Henry Ikechukwu Ikoh says Nigeria’s economic crisis predates Bola Tinubu’s arrival in office in May 2023. He cites dependence on crude oil, limited industrial diversification, inflation and inconsistent economic policies as long-standing causes. Ikoh defends the removal of the petrol subsidy and foreign-exchange market adjustments, but says reforms should be judged by their effects on jobs, food affordability, investment and purchasing power. He calls for continued reforms and higher agricultural and industrial production, and backs a second Tinubu term.