‘Tinubunomics’ and the arithmetic of illusion

Tanimu Yakubu, the Director-General of the Budget Office of the Federation, throws more light on the confusion about the current economic debate; how huge numbers are circulated—and the casualness with which they are assembled. "Tax collections are added to oil receipts; oil receipts are added again under customs or "subsidy savings"; borrowing is treated as income; and the resulting total is presented as proof of incompetence or theft. This is not an economic analysis. It is an arithmetic illusion.

News Jan 4, 2026 0 10 Add to Reading List

‘Tinubunomics’ and the arithmetic of illusion

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WHY THE HEN DOES NOT HAVE TEETH STORY BOOK

Click the image to get your copy!

WHY THE HEN DOES NOT HAVE TEETH STORY BOOK

Click the image to get your copy!

Tanimu Yakubu, the Director-General of the Budget Office of the Federation, throws more light on the confusion about the current economic debate; how huge numbers are circulated—and the casualness with which they are assembled. "Tax collections are added to oil receipts; oil receipts are added again under customs or "subsidy savings"; borrowing is treated as income; and the resulting total is presented as proof of incompetence or theft. This is not an economic analysis. It is an arithmetic illusion.

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