Bola Tinubu
Transformed Lagos IGR from N600M to N5B/month; BRT; Third Mainland bridge; sea ports; later became President.
Performance Radar
Sector Allocation
Public Sentiment Score
Mixed/Neutral
Budget by Year ($M)
Legacy Projects (9)
National Housing Fund (NHF) Projects
Mass housing construction nationwide; 50,000 units target; public-private partnership model.
Student Loan Scheme
Federal student loan programme for tertiary institutions; first disbursements begun.
Lagos-Calabar Coastal Highway
700 km coastal highway from Lagos to Calabar; Julius Berger/Arab Contractors; controversial $13B contract.
Abuja-Kano Expressway Rehabilitation
Major rehabilitation of Abuja-Kaduna-Kano highway; critical northern corridor.
Consumer Credit Corporation
Consumer credit access scheme for Nigerians; first of its kind at federal level.
Fuel Subsidy Removal
Subsidy removed on Day 1 of tenure; naira floated; fuel price rose from N185 to N650+.
Lagos-Badagry Expressway Expansion
Dual carriageway expansion from Mile 2 to Badagry started under Tinubu, continued under Fashola, stalled under Ambode, restarted under Sanwo-Olu
Lekki-Epe Expressway
Major expressway linking Lagos Island to Epe corridor, transforming the Lekki axis
Lagos IGR Reform (N600M to N5B/month)
Transformed Lagos Internal Revenue from N600M to over N5B/month through tax enforcement and LIRS reform.
Events & Crises Timeline
Tinubu's $7.8B World Bank Loan (2024-2028)
World Bank approved largest-ever Nigeria package of $7.8B for education, health, social protection, electricity and fiscal reform.
Tinubu's $2.2B Domestic Bond Issuance
DMO raised N3.5 trillion via bond auctions to fund 2024 budget deficit; high-interest rate environment increased debt service burden.
Hardship Protests (August 2024)
Nationwide hunger protests August 1-10, 2024; fuel price hikes + inflation trigger; 22 killed; curfews imposed in some states.
Nigeria Electricity Grid Collapse (Recurring)
National grid collapsed 11 times in 2024; power sector debt to GENCOs/TRANSCOs over $2B; businesses relying on generators.
Tinubu Naira Float & FX Unification
Naira floated June 2023; unified exchange rates; naira fell from N460 to N1500+; inflation surged to 28%+; cost of living crisis.
CBN Ways & Means Debt (N22 Trillion)
Inherited N22 trillion Ways & Means overdraft from Buhari era; securitised into bonds; added massively to domestic debt.
Lagos Island Communal Crisis
Ethnic and communal clashes on Lagos Island between Yoruba and Hausa/Igbo groups. Displaced thousands. Tinubu's government faced criticism for slow response.