Jimoh Ibrahim: Tinubu Needs Time to Address Inflation Caused by Buhari’s Fiscal Policies - Newstrends
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Jimoh Ibrahim: Tinubu Needs Time to Address Inflation Caused by Buhari’s Fiscal Policies

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President Bola Ahmed Tinubu and ex-President Muhammadu Buhari
President Bola Ahmed Tinubu and ex-President Muhammadu Buhari

Jimoh Ibrahim: Tinubu Needs Time to Address Inflation Caused by Buhari’s Fiscal Policies

Jimoh Ibrahim has warned that it is unrealistic to expect President Bola Tinubu to immediately resolve Nigeria’s inflation crisis, which he attributed largely to the N30 trillion borrowed via Ways and Means overdrafts during the administration of the late President Muhammadu Buhari.

Ibrahim made the remarks in an interview on Channels TV’s Politics Today on Friday, highlighting that President Tinubu inherited an economy where cash-to-GDP was only 0.5%, yet chose not to fully expose the reckless financial practices of the previous administration. He said, “Buhari printed ₦30 trillion; so you want Tinubu to do magic to replace that ₦30 trillion?”, emphasizing that inflation caused by years of unbridled money printing cannot be solved overnight.

He further noted that he had advised President Tinubu to publish the financial data he inherited to inform Nigerians, but cabinet members reportedly discouraged the move, citing potential political distractions. Ibrahim stressed that a clear explanation of inherited fiscal challenges would have helped manage public expectations regarding inflation relief.

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Nigeria’s Wale Edun has similarly blamed the massive naira printing under Buhari for the persistent inflation. Speaking to the Senate Committee on Finance in March 2024, Edun revealed that the Central Bank of Nigeria (CBN) printed ₦22.7 trillion between 2015 and 2023 through Ways and Means overdrafts, without any corresponding increase in productive economic activity. He noted that a select few benefitted disproportionately from the excess liquidity, while the wider population suffered, stressing that measures must be taken to withdraw excess money and restore macroeconomic balance.

Ibrahim highlighted that President Tinubu also inherited a debt profile of over ₦46 trillion and rising inflation of around 22%, with fiscal challenges exacerbated by the ending of fuel subsidies and naira devaluation. While inflation existed before Tinubu’s administration, it has worsened in part due to structural economic challenges left by the previous administration. Economists agree that years of public borrowing and deficit financing fueled inflation by increasing money supply without corresponding output growth, creating pressures that cannot be reversed quickly.

On the global front, Ibrahim commented on the ongoing U.S.-Israeli war with Iran, noting that higher global oil prices could benefit Nigeria’s economy by boosting foreign exchange earnings. He explained that higher oil revenues could reduce the government’s borrowing needs and strengthen the Central Bank’s ability to stabilize the naira, improve cash inflows, and promote macroeconomic stability, although fuel price hikes could increase domestic transportation costs.

Ibrahim also praised the progress of Nigeria’s debt-to-revenue management under Tinubu, noting that the ratio now stands at 68%, compared to 96% under Buhari. He stressed that while the administration is making progress, expecting immediate inflation relief is unrealistic. Sustainable improvement requires long-term structural reforms, fiscal discipline, and collaboration between the government, private sector, and citizens.

He concluded that Nigerians should understand that addressing inflation is a gradual process, and the Tinubu administration is actively implementing measures to stabilize prices, improve revenue management, and strengthen the economy while navigating inherited fiscal challenges.

Jimoh Ibrahim: Tinubu Needs Time to Address Inflation Caused by Buhari’s Fiscal Policies

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Ataoja Mourns Death of Baba Oba, Calls It Monumental Loss

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Prince Adeleke Oduola

Ataoja Mourns Death of Baba Oba, Calls It Monumental Loss

The Ataoja of Osogbo Land, Ataoja of Osogbo, Oba Jimoh Oyetunji Olanipekun Laro-Oye II, has expressed deep sorrow over the death of the Baba Oba and Head of the Osogbo Elders Council, describing his passing as a monumental loss to the cultural and traditional fabric of the community.

In an official condolence message issued through the palace media unit, the monarch extended heartfelt sympathies to the immediate family of the deceased, friends, associates, members of the traditional institution, and the entire people of Osogbo.

Oba Laro-Oye II noted that the late Baba Oba lived a life defined by honour, wisdom, peace, and unwavering dedication to the unity and progress of Osogbo land. He described the deceased elder statesman as a towering figure in traditional governance whose influence extended beyond his immediate family and council duties.

According to the Ataoja, Baba Oba was not only a respected father figure to many but also a custodian of indigenous knowledge and a pillar of guidance whose counsel played a vital role in fostering harmony and stability within the Osogbo traditional system.

“He was a man of exceptional wisdom whose contributions to the growth, unity, and preservation of our cultural heritage will remain indelible in our hearts,” the monarch stated.

The Ataoja prayed for the repose of the soul of the departed, asking Almighty God to grant him eternal rest and to comfort his family, the traditional council, and the people of Osogbo during this difficult period.

He further urged sons and daughters of Osogbo, both at home and in the diaspora, to uphold the values of unity, peace, respect for tradition, and communal harmony which the late Baba Oba consistently embodied throughout his lifetime.

The palace described the loss as one that has created a significant vacuum within the Osogbo traditional leadership structure, adding that the legacy of the late elder statesman would continue to inspire future generations.

Signed,
Media Unit
Palace of Ataoja of Osogbo Land

 

Ataoja Mourns Death of Baba Oba, Calls It Monumental Loss

 

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“He Was My Father in Politics” — Osun SSG Igbalaye Mourns Late Prince Adeleke Òdùọlá

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Prince Adeleke Oduola

“He Was My Father in Politics” — Osun SSG Igbalaye Mourns Late Prince Adeleke Òdùọlá

 

Osogbo, Osun State — The Secretary to the Osun State Government, Bobagunwa Teslim Igbalaye, has paid a heartfelt tribute to the late elder statesman, royal prince, and political icon, Prince Adeleke Òdùọlá, who died on Monday, May 11, 2026, at the age of 93.

In a condolence message issued in Osogbo, Osogbo, Igbalaye described the deceased as “a father figure, a political institution, and one of the last true custodians of Osogbo’s rich political heritage.”

He said Prince Òdùọlá was more than a mentor to him, noting that their relationship spanned over two decades of political tutelage and personal guidance.

“Over twenty years ago, my father handed me over to Baba Adeleke Òdùọlá as a young man eager to learn the ropes of politics and public service. From that moment, I came under his fatherly tutelage… Baba was more than a mentor; he was a father, a teacher, and a moral compass,” Igbalaye said.

The SSG praised the late prince as a towering figure in Osogbo’s socio-political evolution and a vital link to the town’s historic political consciousness.

Prince Òdùọlá, a respected member of the Lájọmọ Ruling House, also served as Mogaji of the family, where he was widely regarded as a custodian of tradition, culture, and communal harmony.

He was also a prominent figure in the famed Òròkí Social Club of Osogbo, established in 1963, where he served as treasurer and contributed to shaping early political thought in the town.

Describing him as “a man of multiple frontiers,” Igbalaye highlighted his roles as a successful trader, devout Muslim, disciplined family man, and political strategist whose life inspired many across generations.

“Baba lived a life of purpose and impact. He believed strongly in education, moral discipline, diligence, compassion, and community service,” he added.

He prayed for the peaceful repose of the deceased in Aljanah Firdaus and urged the family to take solace in his enduring legacy.

Condolences were also extended to the Ataoja of Osogboland, Oba Jimoh Oyetunji Olanipekun Larooye II, the Lájọmọ Royal Family, members of the Òròkí Social Club, and the children and grandchildren of the deceased.

The statement was signed by Kehinde Adeoye, Special Assistant on Media and Digital Communication to the Secretary to the Osun State Government.

 

“He Was My Father in Politics” — Osun SSG Igbalaye Mourns Late Prince Adeleke Òdùọlá

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VIDEO: Catholic Priest, Tansian University Lecturer Allegedly Caught With Student in Classroom

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Tansian University Lecturer Allegedly Caught With Student in Classroom

VIDEO: Catholic Priest, Tansian University Lecturer Allegedly Caught With Student in Classroom

There was commotion at Tansian University on Tuesday following reports that a Catholic priest who lectures at the institution was allegedly caught in a compromising situation with a female student inside a classroom.

According to videos and eyewitness accounts circulating on social media, the incident reportedly occurred within one of the lecture halls at the university’s Oba campus in Anambra State.

The lecturer, said to be a Reverend Father attached to the institution, was allegedly discovered with the student after some individuals reportedly noticed suspicious activity around the classroom.

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Videos shared online showed a crowd gathering around the scene as students and other individuals reacted to the development. However, the authenticity of all circulating clips and claims could not be independently verified as of the time of filing this report.

The university management has yet to issue an official statement regarding the incident, while details surrounding the identities of those involved remain unclear.

The development has triggered widespread reactions on social media, with many users expressing shock over the allegation, while others urged caution against spreading unverified information online.

Some commentators also warned against sharing explicit or private footage connected to the incident, especially as investigations or internal disciplinary processes may still be ongoing.

As of press time, there was no confirmation from the university authorities, the Catholic Church, or security agencies regarding possible disciplinary or legal action connected to the matter.

VIDEO: Catholic Priest, Tansian University Lecturer Allegedly Caught With Student in Classroom

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