Tinubu’s 2027 Re-Election Bid: Can He Revive Nigeria’s Economy Amid Stagflation and Security Challenges?
September 16th, 2025
By Abbati Bako
As Nigeria gears up for the 2027 elections, President Bola Tinubu faces a critical test: Can he steer the nation through its current economic and security crises? With persistent stagflation, soaring unemployment, and industrial stagnation, the challenges are mounting for Africa’s most populous nation. This article examines Tinubu’s re-election bid in the context of the economic and security pressures weighing heavily on Nigeria, as well as potential solutions drawn from global examples.
The Global Context: A New Economic Paradigm?
In today’s interconnected world, many countries, both developed and developing, are grappling with economic precarity, stagflation, and security concerns. The recent assassination attempts on former U.S. President Donald Trump serve as a stark reminder that security challenges are not limited to the Global South.
The economic dilemmas—superinflation, rising unemployment, and dwindling industrial productivity—are not unique to Nigeria. The larger question is whether these issues stem from overpopulation, poor governance, or ineffective global policies. Could a shift in economic models, particularly for emerging economies like Nigeria, be the answer?
Redesigning Economic Policies for the Global South
Economists and policymakers worldwide have long debated the merits of economic models like the Washington Consensus, which has dominated global policy. However, the economic rise of China under the Beijing Consensus of 2004 has sparked discussions about the need for alternative frameworks, particularly for countries in the Global South.
China’s transformation into the world’s second-largest economy within four decades highlights the potential for economic reform. Should Nigeria—and the broader African continent—pivot to similar models that prioritize state intervention and strategic economic planning?
Experts’ Perspectives: Collaborative Solutions
To address the current economic malaise, there’s a growing call for global collaboration. Experts suggest that teams comprising both political economists and market experts should convene from various continents to devise tailored solutions. This cooperative approach could help reverse the trend of economic instability, particularly in the Global South.
Potential Remedies: Agrarian and Inclusive Growth
For Nigeria, economic revitalization could come through inclusive policies that focus on agrarian reform, workforce development, education, and healthcare systems. By investing in these critical sectors, Nigeria could lay the groundwork for sustainable economic growth and improved living standards for its citizens.
Regional Cooperation: A West African Blueprint
Regional cooperation is another crucial factor in driving economic recovery. The European Union serves as a prime example of how political and economic cooperation can lead to prosperity. Nigeria, in particular, could benefit from deeper ties within the West African subregion through enhanced trade, services, and other economic activities.
Strengthening Governance and Institutional Capacity
One of Nigeria’s key challenges is the need for enhanced governance and institutional capacity. International cooperation and support from global organizations can play a vital role in strengthening these frameworks. President Tinubu’s recent diplomatic visits to China and the United Kingdom may offer some hope for addressing Nigeria’s pressing economic and security issues.
Learning from Global Success Stories
Finally, there are valuable lessons to be drawn from countries that have successfully transformed their economies within a few decades. With the right policy mix, Nigeria could follow a similar path to recovery and growth.
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