Bayo Onanuga And The Elite Bubble

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Bayo Onanuga’s recent response to a New York Times article on Nigeria’s economic condition under President Tinubu reveals a persistent elite disconnect, a phenomenon sharply criticized by the late Pius Adesanmi in 2016. Onanuga, the Special Adviser to the President, offers a dangerously myopic perspective that downplays the severe economic struggles of millions of Nigerians. This dismissive attitude is not new for Onanuga, who has a history of trivializing the nation’s economic challenges. Accurate representation of these issues is crucial for effective policy formulation and maintaining public trust, yet his stance risks deepening the divide between the government and its citizens. The stark contrast between the optimistic narrative he promotes and the grim economic reality marked by high inflation and a deteriorating business environment undermines efforts to address Nigeria’s economic problems.

 

The Current Economic Landscape

Recent data from Nigeria’s National Bureau…



Source: Leadership Newspaper