Feature/OPED
Tinubu’s Tightrope: Assessing Nigeria’s Economy After One Year In Office
By James Ezema
As President Bola Tinubu’s administration in Nigeria clocks the one-year mark, the state of the country’s economy remains a cause for concern.
Since taking office on May 29, 2023, President Tinubu has faced numerous challenges in stabilising the economy and setting it on a path to sustainable growth. However, the Nigerian economy continues to wobble under his administration with increasing hardship.
Amid various challenges, ranging from inflation to unemployment, Tinubu’s government faces the daunting task of repositioning the economy for sustainable growth.
In assessing the current state of Nigeria’s faltering economy as inherited by President Tinubu, key areas his government should focus on to steer the country towards economic stability are herein highlighted in an attempt to contribute ideas that could usher in a better life for the citizens.
The State of the Nigerian Economy
Since assuming office, President Tinubu has inherited from former President Muhammadu Buhari an economy plagued by high inflation, rising debt levels, and sluggish growth.
Inflation has been on the rise, reaching double digits in recent months, making it difficult for ordinary Nigerians to afford basic necessities. No thanks to the sudden removal of subsidy on petrol. The high inflation has been exacerbated by the depreciation of the Nigerian Naira, which has lost value against major foreign currencies, leading to higher prices for imported goods and services.
To be blamed also is the carried-over negative impacts of the COVID-19 pandemic which earlier led to job losses and increased poverty levels. Despite efforts to stimulate the economy through various policies and interventions, the impact has been limited, and the economy continues to struggle.
Inflation and Exchange Rate Stability
One of the key areas of concern for the Tinubu administration is inflation and exchange rate stability. As captured in the background of this article, it is important to emphasise that inflation has been on the rise, eroding the purchasing power of Nigerians and making it difficult for businesses to plan and invest. The exchange rate has also been volatile, leading to uncertainty in the business environment.
Addressing these issues will be crucial in restoring confidence in the economy. It is obvious that the economic policies of the administration have so far not reduced inflation and addressed the exchange rate problem. A change of policy or a change of guard could be considered.
Unemployment and Youth Empowerment
Another major challenge facing the economy is the high level of unemployment. Despite the government’s efforts to create jobs through various initiatives, the unemployment rate remains stubbornly high, particularly among young people. This has hindered economic growth, as a large segment of the population is unable to contribute positively to the economy.
Unemployment remains a major challenge in Nigeria, with a large percentage of the population, especially the youth, without jobs. President Tinubu’s government must prioritize youth empowerment programs and initiatives to create job opportunities and reduce the unemployment rate.
Investing in skills development and entrepreneurship will be key to unlocking the potential of Nigeria’s youth population. Without an adequate power supply, the situation will worsen with the high cost of fuel for generators that could power small businesses.
Infrastructure Development
In addition to these challenges, Nigeria’s economy has also been hampered by a lack of infrastructure development. The country’s roads, ports, and power supply are in dire need of investment and improvement, which has slowed down economic activities and deterred foreign investors from setting up businesses in the country.
Infrastructure development is essential for economic growth and development. President Tinubu’s government should, therefore, focus on improving the country’s infrastructure, including roads, power, and transportation networks, beginning with intra-state transportation systems. Investing in infrastructure will not only create jobs but also attract foreign investment and stimulate economic activity.
Therefore, for emphasis, the government must prioritize investment in infrastructure development beyond mere sloganeering. Specifically, the government must intentionally improve the country’s roads, ports, as well as power supply as electricity infrastructure is key. This will boost economic activities and attract needed foreign investors looking to set up businesses in Nigeria. This will go a long way in creating a conducive environment for businesses to thrive and contribute to the urgently needed economic growth.
Diversification of the Economy
Over the years, Nigeria’s economy has been heavily reliant on oil, making it vulnerable to fluctuations in global oil prices and local factors.
President Tinubu’s government should, therefore, prioritize diversifying the economy by promoting non-oil sectors such as agriculture, manufacturing, and services beyond mere words. Diversification will reduce the country’s dependence on oil revenue and make the economy more resilient to external shocks.
If the current administration will ever get the economy right, the Tinubu administration must, as a matter of urgency, do more towards implementing policies that promote economic diversification and industrialization. The heavy reliance on oil exports over the decades has increasingly made Nigeria’s economy very vulnerable, which has worsened with reports indicating that Nigeria’s oil has been sold in advance for unspecified periods.
Therefore, by diversifying the economy and promoting the growth of non-oil sectors such as agriculture, and manufacturing for export, among others, the government can create new sources of revenue and employment opportunities for Nigerians.
Fiscal Discipline and Debt Management
Fiscal discipline and debt management are crucial for ensuring the sustainability of Nigeria’s economy. President Tinubu’s government must prioritize prudent fiscal management and debt sustainability to avoid a debt crisis or over-taxation of impoverished citizens who are economically gasping for breath at the moment. Implementing reforms to improve revenue generation, without overburdening poverty-stricken Nigerians, and reduce wasteful spending by government officials and appointees will be essential in achieving fiscal stability.
Anti-Corruption and Good Governance
Despite efforts by the new chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, corruption remains a major impediment to Nigeria’s economic development. President Tinubu’s government should intensify efforts to combat corruption and promote good governance.
Strengthening institutions, enhancing transparency, and holding corrupt officials accountable will be crucial in restoring trust in the government and attracting investment. A major priority for President Tinubu’s administration should be a systematic recovery of all and every fund allegedly looted by officials of the immediate past administration and the tracing and recovery of the allegedly shared oil revenues by those referred to as former President Muhammadu Buhari’s “boys”. There are allegations of looted loans, which should be thoroughly investigated as the recovery of looted funds from former ministers and other appointees of the previous government could give a lifeline to the funding of the 2024 budget against borrowing.
Social Welfare and Poverty Alleviation
The poverty levels in Nigeria have remained very high, with a significant portion of the population living below the poverty line. President Tinubu’s government should prioritize social welfare programmes and poverty alleviation initiatives to improve the living standards of Nigerians. The sharing of money or the so-called conditional money transfer has only enriched the very wealthy government officials and appointees.
Therefore, President Tinubu’s administration should consider investing in affordable healthcare, free education, and social protection to reduce the poverty and inequality gap in the country.
In conclusion, as President Tinubu clocked one year in office on May 29, 2024, there are several areas that his government should focus on to reposition the ailing economy and set it on a path to recovery.
By focusing on such key areas as inflation and exchange rate stability, unemployment and youth empowerment, infrastructure development, diversification of the economy, fiscal discipline, anti-corruption, good governance, social welfare, and poverty alleviation, his government can reposition the economy for sustainable growth and development. President Tinubu must take bold and decisive actions to steer Nigeria towards economic stability and prosperity.
Comrade James Ezema is a journalist, political strategist and President/Executive Coordinator of the Not Too Young To Perform (NTYTP), a young people-driven pro-democracy and leadership development advocacy group. He is also the National President of the Association of Bloggers and Journalists Against Fake News. He writes from Abuja and can be reached via email at [email protected] or WhatsApp on 08035823617
Feature/OPED
Anthony Chiejina: Africa’s Quiet Architect of Global Corporate Reputation
By Abiodun Alade
In a year shaped by geopolitical tension, technological disruption and intensifying scrutiny of corporate conduct, Anthony Chiejina has once again secured a place among the world’s most influential communications leaders.
In the orchestration of influence, some leaders make themselves heard; others, like Chiejina, make themselves felt. As Group Chief, Branding and Corporate Communications, Dangote Industries Limited, Africa’s largest industrial conglomerate, he operates not in the glare of the spotlight, but in the rarified space where strategy, trust and perception converge. Influence, in Chiejina’s world, is not performative. It is deliberate, calibrated and sustained.
His inclusion on the 2025 Influence 100 for the fifth consecutive year confirms his standing as one of the most consequential in-house communicators globally—and the only Nigerian on this year’s list.
Now in its 13th year, the Influence 100 has become a benchmark for leadership at the intersection of reputation, strategy and power. Compiled annually by PRovoke Media’s senior editorial team, the list recognises communications, corporate affairs and marketing executives whose judgement shapes organisational credibility, agency relationships and public trust. Selection is based on organisational influence, strategic remit, thought leadership and the capacity to lead through complexity.
Chiejina’s sustained presence on the list signals something deeper than recognition. It reflects a style of leadership defined not by volume, but by judgement.
Leadership Beyond Messaging
In today’s corporate environment, communications is no longer a support function. It is a leadership discipline. For Chiejina, that evolution has long been reality. His remit extends from strategic counsel at the highest level to internal alignment across a vast workforce, crisis navigation, regulatory engagement and long-term brand stewardship across sectors.
Dangote Group’s footprint spans cement, energy, agriculture, manufacturing and infrastructure—sectors that sit at the heart of national economies and global supply chains. Every decision, every word, carries weight beyond the corporation itself.
That responsibility has intensified as Dangote Group has undertaken some of the most ambitious industrial projects in Africa, drawing global attention and regulatory scrutiny. Managing reputation at this scale demands more than messaging. It requires institutional memory, political literacy and an acute understanding of how public legitimacy is earned and sustained.
Under his stewardship, Dangote Group has maintained its position as Africa’s most admired company while navigating periods of heightened public debate and international visibility. His work consistently connects corporate ambition with public confidence, ensuring that growth is matched by credibility.
Institutional Memory and Strategic Calm
More than 15 years within the Dangote Group have given Chiejina a rare asset: deep institutional memory. That continuity has proven invaluable during periods of expansion, regulatory change and market volatility. While others respond to headlines, he focuses on coherence, consistency and long-term trust.
Those who work with him describe a leader who privileges preparation over performance and clarity over drama. His approach is measured and analytical, grounded in the belief that reputation is not built in moments, but through years of disciplined engagement.
Chiejina’s fifth consecutive appearance on the Influence 100 places him among a peer group that includes communications chiefs from Apple, Google, Coca-Cola, Nike, Ford, Emirates, Reliance and other global giants. Yet he remains the only Nigerian on the 2025 list and one of the few Africa-based executives consistently recognised.
That distinction reflects both the scale of his responsibility and the growing global relevance of African corporate leadership. As Africa’s industrial champions assume a larger role in global supply chains and energy markets, the standards by which they are judged have become unmistakably international. Chiejina has helped ensure that Dangote Group meets those standards not through imitation, but through coherence, transparency and confidence in its own narrative.
Before joining Dangote Group, Chiejina built a career across banking, manufacturing and journalism, with senior roles at Zenith Bank, Oceanic Bank, Seven Up Bottling Company, African Economic Digest and African Concord—publications from the famed Concord Group that shaped a generation of African journalists. That breadth of experience continues to inform his leadership: commercially grounded, media-literate and alert to the political and economic realities that frame corporate action in emerging markets.
Quiet Authority
Anthony Chiejina’s leadership is marked by restraint. He is not a public-facing executive in the conventional sense, yet his counsel influences decisions at the highest level. In an era where reputations can be destabilised overnight, his value lies in foresight, discretion and strategic calm.
As global business becomes more exposed, more questioned and more accountable, leaders like Chiejina represent a new model of executive authority—one rooted in trust, institutional credibility and long-term thinking.
In that sense, his continued presence on the Influence 100 is not merely a personal milestone. It is a signal: that African enterprise, guided with discipline and clarity, belongs confidently at the centre of global leadership.
And in a world that increasingly confuses noise for power, Chiejina’s career offers a reminder: the most enduring influence is rarely the loudest.
Abiodun, a communications specialist, writes from Lagos
Feature/OPED
From Convenience to Culture: How Streaming Will Shape Entertainment in Nigeria in 2026
Not too long ago, streaming in Nigeria was seen as a convenience, an alternative to traditional television, used mostly to catch up on missed shows or explore international content. Today, it has evolved into something far more ingrained. Streaming is now a culture: a daily habit that shapes conversations, influences pop culture, drives fandoms and even dictates how stories are told.
From late-night binge sessions and group watch parties to live-tweeting reality shows and football matches, streaming has become woven into how Nigerians experience entertainment. As mobile devices, smart TVs and affordable data options continue to expand access, the platform has moved from the fringes to the centre of everyday life. In 2026, this cultural shift will become even more pronounced.
Here’s what to expect as streaming continues to evolve in Nigeria and across Africa.
Value Will Define Loyalty in an Overcrowded Streaming Market: As streaming becomes mainstream, Nigerian audiences are becoming more discerning. Subscription fatigue is real, and users are no longer impressed by platforms with limited libraries or infrequent updates.
In 2026, loyalty will belong to platforms that offer sustained value, not just headline titles. This means:
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Deep content libraries that go beyond a handful of popular shows
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A healthy mix of live TV, sports and on-demand entertainment
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Regular content refreshes that keep audiences engaged month after month
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Viewers now understand value, and they will gravitate towards platforms that consistently deliver variety and relevance.
Local Stories Will Drive Cultural Relevance: Streaming has amplified the power of Nigerian storytelling, giving local productions the scale and visibility once reserved for traditional TV. Viewers are showing a clear preference for stories that feel familiar, authentic and culturally grounded.
In Nigeria, titles like Omera, Glass House, Italo, The Real Housewives of Lagos, Nigerian Idol and Big Brother Naija have become shared cultural moments, driving online conversations and real-world buzz. These shows are not just being watched; they are being experienced.
Across the continent, similar patterns are emerging, reinforcing the role of hyperlocal content in building loyalty and identity. In 2026, investment in African creators will remain central to streaming growth.
Streaming Becomes Personal and Predictive: As streaming matures, platforms will increasingly rely on AI to understand viewers on a deeper level. In 2026, Nigerian users can expect:
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More intuitive recommendations tailored to individual tastes
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Smarter content discovery that reduces the time spent searching
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Interactive experiences that respond to viewer behaviour
Beyond content, AI will also enhance advertising relevance and customer support, creating a smoother, more personalised user journey.
Live Sports Will Continue to Anchor Streaming Culture: While binge-worthy series drive daily engagement, live sports remain one of streaming’s biggest cultural anchors. Football, in particular, continues to command passionate followership in Nigeria.
With the 2026 FIFA World Cup scheduled for June–July, live streaming will dominate viewing behaviour once domestic leagues conclude. Nigerian football fans demand quality, reliability and immediacy, making official platforms with full broadcast rights, such as SuperSport, essential destinations during major tournaments.
In 2026, sports will further reinforce the value of legitimate, high-quality streaming experiences.
Security Becomes Non-Negotiable: As streaming cements its cultural relevance, content protection will take on greater importance. Premium sports and entertainment remain prime targets for piracy, but the response is becoming more sophisticated.
Technologies from cybersecurity firms like Irdeto now enable real-time monitoring, rapid takedowns and legal action against illicit streaming networks. These measures protect not just platforms, but creators and the broader creative ecosystem, a critical consideration as local production continues to grow.
Innovation Makes Streaming More Inclusive: One of the most significant shifts in Nigeria’s streaming landscape is how inclusive it has become. Platforms are innovating around:
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Flexible pricing
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Bundled services that combine TV and streaming
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Multi-device access, including mobile-first options
Whether premium or entry-level, users can now find options that suit their lifestyle and budget, reinforcing streaming’s position as an everyday entertainment staple.
A More Conscious Streaming Audience Emerges: As streaming culture matures, so does audience awareness. Nigerian viewers are increasingly able to identify illegal streaming platforms and understand the long-term damage piracy causes to the industry.
In 2026, conscious viewing will continue to gain ground, with users learning to avoid red flags such as “free” premium streams, unofficial apps, VPN-only access and excessive pop-up advertising.
Streaming is no longer simply about watching content, it is about belonging to moments, communities and conversations. In Nigeria, it has evolved into a cultural force that shapes how stories are told, shared and celebrated.
As 2026 unfolds, streaming will continue to thrive at the intersection of technology, culture and creativity, offering entertainment that is accessible, relevant and deeply local.
Feature/OPED
How Compliance through Technology among Banks can Promote Intra-Africa Trade
By Anne Mureithi
Provision of banking services in Africa continues to undergo profound digital transformation where most transactions are conducted virtually via digital devices and cash moved electronically. Mobile banking, fintech innovation, and cross-border digital payments have reshaped how individuals and businesses consume financial services.
In Nigeria and across the continent face, banks face sharp scrutiny from expanding regulatory landscape, including Anti-Money Laundering (AML), combating the financing of terrorism (CFT) and combating the financing of proliferation (CPF) that involves disrupting funds for weapons of mass destruction (WMD) through targeted financial sanctions.
With increased cross border trade, everyone including governments look upon banks to provide Know Your Customer (KYC) services, fraud risk management, and increasingly adhere to stringent data protection and privacy regulations as well as Environmental, Social, and Governance (ESG) reporting standards.
Compliance is no longer a back-office obligation, and this calls for increased investments in technology, particularly Artificial Intelligence (AI) and Machine Learning (ML) to enable banks to meet compliance requirements.
This is important as local traders want a banking partner who offers one-stop shop services on compliance matters. For banks, this is a competitive advantage, a core capability, and a source of differentiation. By embedding compliance into product and process design, banks can meet regulatory obligations efficiently while fostering innovation through a compliance-by-design approach.
In March 2025, the Central Bank of Kenya published the results of a survey on AI adoption in the banking sector, revealing moderate uptake, with 50% of respondents indicating some level of implementation. The survey found that among institutions that had adopted AI and machine learning, the leading applications were credit risk assessment (65%), cybersecurity (54%) and customer service (43%), followed by e-KYC (41%) and fraud risk management (40%).
These findings underscore significant untapped potential for AI to transform customer experience and strengthen risk management, particularly in AML and compliance monitoring. As intra-Africa trade continues to increase, compliance teams within banks must play a leading role in establishing strong governance, ensuring transparency, and preparing institutions for emerging regulatory expectations.
The Central Bank of Kenya has confirmed that it is in the final stages of developing a Guidance Note on Artificial Intelligence, with 95% of surveyed institutions having requested formal regulatory direction. The anticipated principles-based framework will focus on governance, risk management, transparency, and the ethical use of AI, laying the foundation for responsible innovation in the financial sector.
AI and ML models offer practical solutions to compliance challenges by learning and tracking typical behavioural patterns by customer, product, and corridor, flagging anomalies such as unusual counterparties, transaction values, or routing patterns in cross-border flows. These tools can also generate more accurate and complete assessments of ongoing customer due diligence and customer risk, which can be updated to account for new and emerging threats in real time.
By detecting potential violations of normal customer profiles in data or groups of customers with higher-risk characteristics, AI has streamlined priorities towards high-risk cases and reduced the time spent on false positives. This capability is increasingly critical as transaction volumes and complexity grow. Such technological advances transform compliance from a costly obligation into a strategic advantage.
Customers do not need to know one another to execute a transaction since AI-powered identity authenticates customer identity through document scanning, biometric verification and mobile-based identity solutions. These solutions have also enabled banks to onboard new customers remotely without the need to visit a physical bank to fill in registration details.
Accounts are fully secure and only users who pass the mobile-based identity verification are allowed access thereby preventing fraud. This also supports financial inclusion by enabling access to financial services for individuals who struggle to provide adequate identification documents for opening bank accounts.
In addition, Regulatory Technology (RegTech) solutions enable financial institutions to monitor regulatory developments, map obligations across their operations, conduct initial gap assessments, ensure that policies and procedures are always up to date and streamline regulatory reporting.
This capability is particularly valuable for pan-African institutions in ensuring agility while responding to regulatory changes across multiple jurisdictions. With its presence in 34 African countries, Ecobank advocates for harmonised payment systems and regulatory frameworks as a catalyst for accelerating intra-African trade.
Regional regulatory alignment further amplifies these gains. As African regulators work towards greater harmonisation of standards, banks with pan-African footprints are uniquely positioned to bridge local realities with global expectations, enabling smoother cross-border transactions and reducing friction for businesses operating across multiple markets.
The convergence of digital innovation and regulation presents an opportunity to support regional integration and strengthen public confidence. Banks that integrate compliance into their digital strategies, invest in ethical AI, enforce strong governance, and actively engage regulators will be best positioned to compete, facilitate trade, and protect financial integrity.
On an Africa-wide platform, traders from Nigeria want a synchronised platform that provides them with end-to-end solutions. Say Ecobank Group’s AML monitoring and sanctions screening capabilities within its SWIFT payment infrastructure ensure that all cross-border payment messages undergo real-time compliance checks prior to fund settlement.
With increased intra-Africa trade that rides on online platforms, accelerated digitalisation of cross-border transactions, timely, efficient, and secure payment processing is paramount. Real-time compliance monitoring is a non-negotiable cornerstone of safeguarding the integrity of international payment flows.
Ultimately, the future of banking in Africa will be defined by how institutions harness technology to meet regulatory obligations, deter financial crime, and foster trust among businesses, consumers, and public institutions alike. Compliance is no longer a constraint on growth; it is a foundation for sustainable innovation, regional integration, and long-term confidence in Africa’s financial system.
Ms Mureithi is a director in charge of compliance at Ecobank, Central, Eastern and Southern Africa (CESA)
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