According to a report from The Channels Television on March 14, 2026, Senator Jimoh Ibrahim has commented on the state of Nigeria’s economy, stressing the challenges facing President Bola Ahmed Tinubu’s administration in addressing financial imbalances left by the previous government.
Speaking on Channels Television, Ibrahim stated, “Buhari printed ₦30 trillion. So you want Tinubu to do magic to replace that ₦30 trillion? Bola Tinubu met just 0.5% cash-to-GDP.”
The senator highlighted the difficulties the current administration faces in managing the economy, noting that the vast amount of liquidity introduced into the system by the former administration has created constraints that cannot be reversed instantly. According to him, these conditions require careful fiscal management and realistic expectations from the public.
Ibrahim further explained that the cash-to-GDP ratio Tinubu inherited was extremely low, reflecting tight liquidity in the economy, which adds to the complexity of policy implementation. He urged Nigerians to understand the structural limitations and the time needed for meaningful economic reforms.
The lawmaker’s remarks come amid ongoing debates about inflation, government spending, and the pace of economic recovery in Nigeria, with critics calling for immediate measures to stabilize the economy while supporters stress the importance of long-term planning.
He concluded by urging citizens to temper expectations and acknowledge the legacy challenges the current administration must navigate in order to restore economic stability and promote growth.
