Steve Hanke bringing the bitter truth to Nigeria politicians face.

American Economist, Steve Hanke has critisised President Bola Tinubu for prioritizing luxury travel amid ongoing economic struggles in Nigeria, following Tinubu’s purchase of a $150 million Airbus A330 private jet.

Hanke, a professor at Johns Hopkins University who labeled Tinubu as “arrogant, ignorant, and incompetent”, expressed disapproval over the aircraft’s purchase at a time Nigeria’s inflation rates are reportedly as high as 114% annually, far exceeding official figures.

Hanke’s comments were made following Tinubu’s trip to France, where he utilized the newly acquired jet.In a post on X, Hanke expressed his disapproval through a cartoon, emphasizing the stark contrast between Tinubu’s lavish spending and the economic suffering faced by the populace.

He wrote, “#NGAWatch🇳🇬: Pres. Tinubu flaunted his new $100M A330 private jet en route to France.

“Meanwhile, I accurately measure Nigeria’s inflation at a SHOCKING 114%/yr.

“TINUBU = ARROGANT, IGNORANT, & INCOMPETENT”

Osun Defender reports that the purchase of a $150 million private jet has sparked significant conversation about the state of Nigeria’s economy, with many critics including the opposition parties condemning the government action.

This acquisition comes at a time when many Nigerians are experiencing severe financial hardships, raising questions about the government’s priorities.

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Hanke’s critique highlights a growing frustration among economists and citizens alike regarding the government’s handling of economic issues, particularly in light of the rising cost of living and inflation that continues to impact daily life for many Nigerians.