After completing one year in office, President Tinubu's administration has made several notable purchases and investments, including:
- A presidential jet valued at ₦150 billion
- A presidential yacht valued at ₦5 billion
- A bulletproof Escalade SUV valued at ₦2 billion
- Acquisition of Nigeria AGIP oil company (NAOC) with 17 deep sea upstream oil wells valued at $5 billion USD, allegedly for his family
The administration has also awarded the Lagos to Calabar Coastline super highway project valued at $13 billion USD without bidding to a friend.
However, the country is facing significant economic challenges, including:
- A crashed naira to USD exchange rate of ₦1,600 per dollar
- High prices for essential goods:
- Petrol: ₦950 per liter
- Rice: ₦88,000 per bag
- Beans: ₦145,000 per bag
- Garri: ₦130,000 per bag
- Yam: ₦7,000 per tuber
- High transportation costs:
- Lagos to Abuja: ₦45,000
- Lagos to Awka: ₦35,000
- Rising national debt: ₦110 trillion
- High inflation rate: 40%
- Increasing rent prices
The administration has urged Nigerians to be patient and endure the challenges, assuring that they mean well.

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