By Dr. Safiya Stephanie Musa, GSFR
‘Tinubunomics’ refers to the economic policies and strategies associated with President Bola Ahmed Tinubu. These policies are influenced by his political ideology and vision for economic development. Tinubunomics generally encompasses the following key principles:
1. Economic Diversification: Tinubunomics emphasizes the need to diversify Nigeria’s economy beyond its heavy dependence on oil. This involves promoting and supporting sectors such as agriculture, manufacturing, solid minerals, and services to reduce the country’s vulnerability to fluctuations in oil prices.
2. Infrastructure Development: The focus is on investing in critical infrastructure such as roads, bridges, railways, airports, and power supply to enhance economic productivity and connectivity within Nigeria and across the region.
3. Job Creation and Youth Empowerment: Tinubunomics aims to stimulate job creation and empower the youth through various programs, initiatives, and policies. This includes promoting entrepreneurship, vocational training, and skill development to harness the potential of Nigeria’s young population.
4. Public-Private Partnership: The promotion of public-private partnerships is a key aspect of Tinubunomics. It involves collaboration between the government and the private sector to drive economic growth, attract investments, and leverage the expertise and resources of both sectors.
5. Fiscal Discipline and Good Governance: Tinubunomics places emphasis on fiscal discipline, transparency, and accountability in the management of public resources. It aims to curb corruption, promote efficient governance, and ensure responsible fiscal policies.
It’s important to note that the term “Tinubunomics” is not an official economic doctrine or widely recognized academic concept. It is a term used to describe the economic policies and approach of PBAT.
