Tinubunomics not a promise of instant abundance
The Director General of Nigeria’s Budget Office has said that Tinubunomics was never presented as a promise of instant abundance, stressing that the economic reforms under President Bola Ahmed Tinubu are designed for long term stability rather than quick gains. He made the clarification while addressing concerns and public expectations around the pace of economic recovery, noting that meaningful reforms often come with short term difficulties before yielding sustainable results.
According to the Budget Office DG, the Tinubunomics framework focuses on correcting structural weaknesses that have held the economy back for years. He explained that measures such as subsidy removal, revenue reforms, and fiscal discipline were necessary steps to rebuild confidence, attract investment, and place the economy on a stronger footing. He added that expecting immediate prosperity from reforms that aim to fix deep rooted problems can lead to disappointment and misunderstanding of their true purpose.
He further stated that government remains aware of the hardship many Nigerians are facing and is working to balance reforms with targeted social interventions to protect the most vulnerable. The official said economic transformation is a gradual process that requires patience, consistency, and shared responsibility between government, private sector, and citizens. He maintained that early indicators show progress in stabilising key sectors, even though the benefits may not yet be fully felt by the wider population.
The remarks come amid ongoing national debate about the impact of current economic policies on living standards. The Budget Office DG urged Nigerians to judge Tinubunomics by its long term outcomes rather than short term pain, insisting that the goal remains inclusive growth, job creation, and a more resilient economy capable of delivering prosperity over time.
About the Author
