22/06/2026
Are Nigerians really better off today than in 2023? Let’s deal with FACTS, not propaganda.
Inflation did NOT drop to 15.9%. That inflation was 23% in 2022 and 15.9% today” is misleading/mostly False
Nigeria’s inflation in 2022 averaged 18.8%, not 23%.
By May 2023 (Tinubu took office), it surged to 22.4%
By 2024–2025 inflation rose sharply above 30% before moderating slightly.
The 15.9% figure is not Nigeria’s current inflation in any recent official data cycle.
In fact in reality. Inflation worsened significantly after 2023, driven by subsidy removal, Naira devaluation and Food supply shocks.
Nigerians are paying more for food, transport, and rent now than ever before.
Yes, minimum wage moved from ₦30,000 to ₦70,000 but what is ₦70k worth today? Inflation has wiped out its value.
Inflation has eroded real purchasing power
In real terms, many workers are not better off despite higher nominal wages. And the Implementation is not uniform nationwide.
FAAC allocations increased, true but that’s largely because of subsidy removal and a weaker naira.
Currency devaluation (inflates naira revenue figures)
It does not necessarily mean stronger real economic productivity.
States have more cash in naira terms, but;
Costs of (fuel, salaries, projects) also skyrocketed More money on paper doesn’t mean more value in reality.
The claim that 27 states couldn’t pay salaries before but now all can? Exaggerated. Many states still struggle with Irregular payments, arrears and pensions. By now you ought to know that these claims are politically exaggerated.
Foreign reserves at $51 billion? Not backed by credible data. Nigeria’s reserves have remained below that figure in recent years. Nigeria’s reserves in 2023–2025 generally ranged $33B–$38B
The peak of ~$61B last occurred around 2007–2010.
“One-third of students benefiting from loans”? False and Highly Exaggerated.The student loan scheme exists, but coverage is nowhere near that level.
Nigeria has ~2–3 million students; verified beneficiaries are only a fraction of that
No ASUU strikes? Temporary calm doesn’t equal a permanent solution. This is not the first strike-free period in Nigeria’s history.
Massive road projects? Announced, yes. Completed? No. And the costs are among the highest globally raising serious questions.
Largest exporter of refined petroleum? Not quite. The Dangote refinery is a step forward, and thanks to Mr Dangote, even though APC data boys are claiming credit for his success. Has any of the Nigeria Refinery started working? No. Does Nigeria still imports fuel? Yes.
“12 uninterrupted GDP growth cycles”? Not supported by data at all. So I wonder where they see their own.
Nigeria has had mixed GDP growth (slow, unstable) Trade balance fluctuates with oil prices,
No widely accepted data confirms "the 12 uninterrupted cycles"
Growth has been slow and inconsistent.
“2nd largest manufacturing economy in Africa ($55B)”
Nigeria is a major economy ✔️
But:
The manufacturing sector remains weak (
