Adopt Trump-like speed to achieve ₦500trn budget, Agbakoba urges Tinubu
A former President of the Nigerian Bar Association, Dr. Olisa Agbakoba, has called on President Bola Tinubu to adopt a rapid, decisive implementation strategy—similar to that of former U.S. President Donald Trump—to achieve an ambitious ₦500 trillion national budget by 2026/2027.
In a 35-page policy report titled “OAL Governance and Economic Analysis and Forecast 2025: To Nigeria Can Succeed,” Agbakoba commended Tinubu’s fuel subsidy removal but stressed that economic reforms must translate into tangible improvements for everyday Nigerians.
“The paper presents a comprehensive strategy for transforming Nigeria from a resource-dependent to a production-driven economy capable of generating a ₦500 trillion budget,” he said.
“This target requires reimagining Nigeria’s economic architecture and governance to reduce debt and boost revenue.”
Agbakoba cited the need to replace extractive institutions—those concentrating wealth among elites—with inclusive ones that spread economic and political power more broadly, drawing on the book “Why Nations Fail” by Acemoglu and Robinson.
Two Imperatives for Economic Transformation:
Restructure Governance:
Devolve power to states and local governments and enact constitutional reforms to reflect true federalism.
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