Bola Tinubu: 5 Ups and Downs from His First Decisions in Office
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Politics - June 16, 2023

Bola Tinubu: 5 Ups and Downs from His First Decisions in Office

Bola Tinubu, the president of the Federal Republic of Nigeria has made several moves that have attracted great attention since he was inaugurated as the 16th president of the country. As he assumes the presidency, several Nigerians are on the tail of the potential outcomes of his first decisions in office. 

With a keen focus on his early days in office, we explore the impact of his actions on various aspects, ranging from policy implementation to political alliances. Let’s delve in

Tinubu removed fuel subsidy

The initial excitement surrounding the inauguration was soon overshadowed by the unintended aftermath of Tinubu’s announcement on the same day, stating that “fuel subsidy is gone.” This declaration sparked an immediate wave of fuel panic-buying, causing lengthy queues to reemerge at petrol stations nationwide while some filling stations took advantage of the situation and hiked pump prices, reaching exorbitant rates of up to N700 per litre.

Some people argue that the subsidy removal was compelled to Tinubu  by the outgoing government, however it is important to note that he has the authority to review and potentially revise this policy. As Nigerians who supported the policy are on the lookout for ways it would lead to the betterment of the country, several others insisted, he could put palliatives in place that could help cushion the effect on the masses.

He appointed some members for his cabinet

Within the first week of his presidency, Tinubu wasted no time in forming his core team. On June 2, 2023, a mere five days after his inauguration, he announced the appointments of key individuals to his inner circle. Femi Gbajabiamila, the outgoing Speaker of the House of Representatives, was chosen as his Chief of Staff. Additionally, Sen. Ibrahim Hadejia, the former Deputy Governor of Jigawa State, was appointed as the Deputy Chief of Staff, while George Akume, a former Minister of Special Duties, assumed the position of Secretary to the Government of the Federation, amongst others.

Tinubu’s several appointments have been perceived  by some as a stumble which is a common occurrence for newly elected leaders. This is because while politicians may excel at crafting inspiring campaigns, the realities of governance require a shift towards practicality. They soon realize that the intricacies lie within the details and that every policy or significant declaration carries unintended consequences. However some others see it as a strategic move towards handling the key aspect of the country.

Tinubu suspended Emefiele

In a move that some described as highly notable, Bola Tinubu made a striking decision to suspend Godwin Emefiele from his position as the Governor of the Central Bank of Nigeria (CBN). According to him, this action is a direct consequence of the ongoing investigation into Emefiele’s office and the forthcoming reforms in the country’s financial sector.

Tons of Nigerians were pleased with the suspension as a result of the naira design which was implemented by Emefiele prior the presidential election which led to naira scarcity in the country. Others believe Tinubu sought revenge on Emefiele due to alleged suspicions of vote-buying with naira. However, the president insisted the move is directed towards reforming the financial sector of the country.

Tinubu signed 2023 electricity bill into law

During the review period, Bola Tinubu signed the 2023 Electricity Act into law, a significant development aimed at dismantling the monopoly in electricity generation, transmission, and distribution on a national level. The bill granted state governments, companies, and individuals the authority to generate, distribute, and transmit electricity, thereby empowering them in the energy sector.

While Tinubu expressed his belief that the newly enacted legislation would foster development and contribute to achieving a consistent power supply, Nigerians are looking closely for a change in the power sector.

He had a forum with governors of the 36 states

Bola Tinubu had a forum with the governors of all 36 states. He talked and emphasized on the importance of setting aside differences and working together to alleviate the suffering and hardships faced by the people. He also highlighted the need for the nation to unite as one large family, emphasizing that good governance is crucial for safeguarding the future of democracy.

This meeting by many showcases great leadership geared at caring subordinates along towards the betterment of the country while some sees it as an initial enthusiasm and show of strength.

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