Marketing Communications Experts and economists have warned the incoming government about policy loopholes that can derail the administration. They identified critical areas that have presently put Nigeria in bad shape which should be of major concern to the Bola Tinubu Administration.
These pit holes include: Risk-unconscious over-dependence on hydrocarbons – oil accounted for 90.5 per cent of merchandise trade in 2022; Poor policy coordination – Expansionary fiscal operations, driven by massive borrowings vis-à-vis contractionary monetary policy; Fiscal inefficiency and revenue leakages- recourse to borrowing (it is relatively easy) and doing so inefficiently (largely through CBN), largely funding recurrent expenditure; Counterproductive fiscal policies– Fiscal Policy Reform (FPR) weakening manufacturing activities and new investments; Misplaced priorities- Deepening brown economy and disregarding sub-national comparative advantage, and discourages productivity and weak social compact.
