Shocking Regression: Nigeria's GDP Now Lower Than Under Obasanjo, Says Olawepo-Hashim
A prominent Peoples Democratic Party (PDP) figure and presidential hopeful, Dr. Gbenga Olawepo-Hashim, has sharply criticized President Bola Ahmed Tinubu’s economic management, asserting that Nigeria’s economy is in a worse state today than during the administrations of former Presidents Olusegun Obasanjo and Goodluck Jonathan. In a recent interview, Olawepo-Hashim, a former National Publicity Secretary of the PDP, described the current economic situation as a “shocking regression” despite Nigeria’s abundant human and natural resources. He challenged key economic officials in the Tinubu administration — including the Minister of Finance and the Governor of the Central Bank of Nigeria — to publicly defend their performance and provide evidence of improvement. Citing nominal GDP figures, Olawepo-Hashim stated: “GDP under Obasanjo was about $267 billion. Under Jonathan, it rose to over $574 billion in nominal terms. Today, under Tinubu, it has fallen to around $230 billion.” He argue...