A prominent Nigerian financial analyst and Chief Economist at SPM, Paul Alaje, has declared that President Bola Ahmed Tinubu could secure his place as Nigeria's greatest president if he successfully tackles two critical challenges: taming inflation and fixing the country's electricity crisis within the next two years.
Speaking during a television interview on Monday, Alaje provided a critical assessment of Tinubu's administration, acknowledging mixed results from policies implemented during his first two years in office.
Inflation: The Ultimate Challenge
"After these two years, a few things have worked and another few have not worked. In the next two, we should look out for how inflation can be tamed completely. That is the ultimate for the people," Alaje stated during the interview.
He emphasized that controlling inflation, which stood at 23.7 percent as of April 2025, remains crucial for addressing economic hardship across the country. "If the inflation is not tamed, no matter what is done, people will not feel the impact," he warned.
Electricity: The Legacy-Defining Issue
The financial expert identified electricity as the second critical area requiring urgent attention, particularly for the manufacturing sector. Alaje revealed he had offered similar advice to former President Muhammadu Buhari.
"I am telling President Bola Tinubu the same thing. If you want your name to be in the sound of time, fix power and electricity. We will continue to remember him as one of the greatest presidents ever. Let power be available, especially for manufacturers," Alaje stated.
Nigeria currently faces significant electricity challenges, with approximately 13.2 million customers in a population exceeding 200 million struggling with just 5,000 megawatts of electricity supply nationwide. This places the country among those with the largest electricity access deficit globally.
BenriNews reports that despite skyrocketing market prices of goods and services, Nigeria's inflation showed signs of cooling on a month-on-month basis in April, offering a glimmer of hope for the administration's economic policies.
As President Tinubu navigates the remaining years of his term, these two critical issues—inflation control and electricity improvement—could define his legacy and potentially elevate him to the status of Nigeria's most impactful leader, according to Alaje's assessment.
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