Reality of Tinubu's Financial Track Record from 2023 to 2025

The notion of a completely honest politician is a contradictory concept, as deception appears to be an inherent part of the profession, despite the fact that many politicians publicly display their religious devotion.

n

The war in Iran is nearing its conclusion, having incurred a tremendous cost of trillions of dollars for the global community, with the United States alone expected to spend an estimated one trillion dollars by the time it ends, although President Trump's government claims the cost is only $21 billion.

n

On May 29, 2026, President Tinubu marked the end of his third term in office, presenting Nigerians and the global audience with an impressive narrative about the country's economic performance from 2023 to 2025, as well as a glimpse into the future, should he be re-elected.

n

The President's announcement was filled with ambitious goals, which might be achievable if the government takes action, but otherwise, it was just a collection of empty words, as the past three years have pushed the Nigerian masses to their limits, causing the hope inspired by the RENEWED HOPE AGENDA to fade significantly.

n

This article will examine the core economic promises made by President Tinubu and the actual results, starting with the Gross Domestic Product (GDP), which is a key indicator of a country's economic performance.

n

According to the RENEWED HOPE publication, Presidential candidate Tinubu made several promises during his campaign, which he may have forgotten or deliberately ignored on May 29, 2026, including targets for GDP and GDP growth rate.

n

The actual performance data, sourced from World Bank/IMF Reports, shows significant variances from the promised figures, with GDP targets for 2023, 2024, and 2025 being $531.3 billion, $586.7 billion, and $643.3 billion, respectively, while the actual figures were $363.2 billion, $252.1 billion, and $386.4 billion.

n

The GDP growth rate targets were 10% for each year, but the actual growth rates were 2.7% in 2023, 1.9% in 2024, and 4.1% in 2025, resulting in variances of -7.3%, -8.1%, and -5.9%, respectively.

n

Three conclusions can be drawn from these figures: President Tinubu's economic targets were overly ambitious, the expected 10% annual GDP growth was unrealistic, and the economy lacks the fundamentals for rapid growth, such as high capital expenditure, steady power supply, and transparency.

n

The promise to "Eliminate Estimated Billing" and ensure meter-based electricity bills, as stated in the Renewed Hope Agenda, remains unfulfilled, with many Nigerians, including the author, still receiving estimated bills despite petitions to the regulatory commission and the Ministry of Power.

n

The fuel price has soared by 643% in three years, according to a report on June 2, 2026, guaranteeing increasing poverty for many Nigerians, unless their income has also increased by the same percentage, with less than 2% of the population benefiting from current reforms.