During the discussion, Jimoh Ibrahim reflected on the economic situation the current administration inherited and the challenges associated with stabilizing the country’s financial system.
He explained that shortly after Tinubu won the presidential election and began preparing to take over leadership, he examined certain economic realities that existed at the time.
According to Ibrahim, when Tinubu assumed office, it became clear that the administration of former President Muhammadu Buhari had printed about ₦30 trillion.
He suggested that such a large amount of money in circulation could create significant economic pressure and make it difficult for the new government to immediately stabilize the economy.
Ibrahim stated that because of the magnitude of the situation, he advised President Tinubu to openly present the economic data to Nigerians so that the public could understand the financial condition the new government inherited.
According to him, transparency about the country’s economic records would help citizens appreciate the challenges the administration faced from the beginning.
In the video, he also questioned the expectations placed on Tinubu, suggesting that it would be unrealistic for anyone to quickly reverse the effects of such a large monetary expansion.
According to the statement shared by Channels TV on its official X account, Jimoh Ibrahim said:
“Buhari printed ₦30 trillion. So you want Tinubu to perform magic to replace that ₦30 trillion?
“When Bola Tinubu came into office, I told him, ‘Sir, let us publish the data that we are inheriting.’”
The comments have since sparked discussions online, with many people debating the economic policies of both administrations and the broader implications for Nigeria’s financial stability.
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