‘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   2  Add to Reading List
‘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.
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