Former presidential aide Reno Omokri has argued that Nigeria’s economy is improving under President Bola Tinubu, citing the recent rise in the wealth of top Nigerian industrialists and other economic indicators.
He made the statement on his X handle on Wednesday, May 13. Omokri said the positive development was ignored by much of the media and opposition because “it was not something negative.” He pointed to Forbes data showing Alhaji Aliko Dangote’s net worth rising from an estimated $13.9 billion in 2022 to $35.9 billion now and to the Bloomberg Billionaires Index showing Abdul Samad Rabiu’s net worth climbing from $10.4 billion on New Year’s Day to $19.1 billion, making him Africa’s second richest man.
Omokri questioned how two of Nigeria’s biggest manufacturers could see their wealth double if the economy were mismanaged, and said their staff strength had increased by almost 50%. He also cited reported record profits at Fidelity Bank, with gross earnings growing 45.6% from ₦1.04 trillion in 2024 to ₦1.52 trillion in 2025.
He further claimed the Nigerian economy had experienced 12 consecutive quarters of GDP growth and trade surpluses under Tinubu, adding $67 billion to the economy and making Nigeria the sixth-largest contributor to global GDP growth in 2025. According to Omokri, the 2025 Agricultural Performance Survey showed significant increases in food production and a nationwide drop in staple food prices by about 50%.
Omokri referenced remarks by Peter Obi on February 27, 2026, where Obi said falling food prices were making farmers poorer. “But if, by improving the economy such that food prices dropped nationwide, President Tinubu is killing our farmers, that is one ‘kill’ that leads to life!” he wrote….Read_More…
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