Renowned Economist Steve Hanke Slams Nigeria’s President Tinubu as a ‘Master Of Economic Disaster
In a scathing critique, Steve Hanke, a renowned American economist and professor, has labeled Nigeria’s President Bola Tinubu a “MASTER OF ECONOMIC DISASTER”. Hanke, known for his expertise in applied economics, took to social media platform X (formerly Twitter) to express his disapproval of Tinubu’s economic policies.
Hanke’s comments came in response to the Nigerian government’s recent decision to raise state workers‘ pay by up to 35%. Hanke argued that this increase would not even keep pace with the country’s soaring inflation rate, which he estimated at a staggering 79% per year.
Tinubu’s pay increase won’t even keep up with the rate of inflation,” Hanke wrote on X. “Today, I measure inflation in Nigeria at a SKY-HIGH 79%/yr. Pres. Tinubu = MASTER OF ECONOMIC DISASTER.”
Hanke’s criticism has sparked a heated debate about Tinubu’s economic leadership and its potential consequences for Nigeria’s financial stability and growth. The country is currently facing significant economic challenges, including high inflation, currency fluctuations, and rising poverty levels.
The Nigerian government has yet to respond to Hanke’s comments, but the criticism is likely to put pressure on President Tinubu to reassess his economic policies and take decisive action to address the country’s financial woes.
Hanke’s remarks have sparked a much-needed conversation about the state of Nigeria’s economy and the need for effective leadership to steer the country towards a more prosperous future.
