A columnist recounts a Channels TV interview in which Nigerian Revenue Service chairman Dr Zacch Adedeji defended President Bola Tinubu's economic record against host Seun Okinbaloye's characterization of a 'voodoo economy.' The piece credits Tinubu's first-day 2023 decisions to remove fuel subsidies and unify Nigeria's multiple exchange rates, arguing the previous Buhari-era system had subsidy costs approaching ₦4 trillion, debt service consuming most federal revenue, and roughly ₦30 trillion in accumulated 'Ways and Means' borrowing.
The column constructs a counterfactual in which continued subsidies would have pushed costs to ₦10 trillion against ₦12 trillion in federal revenue, supposedly forcing Nigeria into fuel queues and bankruptcy. It frames critics of the administration as driven by ethnic or religious motives ahead of elections rather than substantive economic disagreement.
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