Nigeria better today than in 2023 under Tinubu, says Reno Omokri

Former presidential aide and ambassador-designate to Mexico, Reno Omokri, has declared that Nigeria is in a better position today than it was before President Bola Tinubu assumed office in May 2023.

In a statement posted on social media, Omokri cited inflation, minimum wage, federal allocations, foreign reserves, infrastructure development and student loans as evidence of progress under the current administration.

He argued that the country’s inflation rate had declined significantly compared to levels recorded before Tinubu took office.

“Please fact-check me: Nigeria’s inflation rate in 2022, before President Tinubu took office, was 23%. Today it is 15.9%,” he said.

Recent data from the National Bureau of Statistics (NBS) shows that Nigeria’s headline inflation rate stood at 15.93 percent in May 2026.

Omokri also noted that the national minimum wage had increased from N30,000 to N70,000 under the Tinubu administration.

He said allocations shared monthly by the Federation Account Allocation Committee (FAAC) to states and local governments had risen from an average of N700 billion before Tinubu’s inauguration to about N2.1 trillion.

According to him, the increase in allocations has improved the capacity of sub-national governments to meet financial obligations.

“That is why in 2022, twenty-seven states could not pay salaries, but today every single state can pay wages. At $51.04 billion, our current reserves are the highest they have been in 17 years,” he said.

Recent reports indicate that Nigeria’s external reserves have risen above $50 billion, reaching their highest level in about 17 years.

Omokri said one-third of Nigeria’s 3.1 million university undergraduates are benefiting from the Nigerian Education Loan Fund (NELFUND).

“This is even as the last three years have been the first and only time the Academic Staff Union of Universities has gone without a national strike,” he said.

The former presidential aide praised ongoing federal infrastructure projects, including the Lagos-Calabar coastal highway and the Illela-Sokoto-Badagry superhighway.

He also said Nigeria had moved from being Africa’s largest importer of refined petroleum products to becoming the largest exporter of refined petroleum products in West Africa.

According to Omokri, the economy has recorded “twelve uninterrupted cycles of GDP growth and trade surpluses” under Tinubu.

“These and other feats are why the Nigerian economy under His Excellency, Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria, has experienced twelve uninterrupted cycles of GDP growth and trade surpluses,” he said.

Omokri urged Nigerians to assess the administration based on available economic indicators rather than political narratives.

“So, I appeal to you to let’s put things in their proper perspective and refuse to allow uninformed elements to confuse you. Nigeria is definitely better today than it was in 2023,” he said.