Steve Hanke, an American professor of applied economics at Johns Hopkins University, has criticised Bola Tinubu for purchasing a new presidential jet amidst Nigeria’s soaring inflation.
Hanke’s criticism follows Tinubu’s recent purchase of a $150 million Airbus A330 private jet, which the Nigerian leader recently used to fly to France.
Hanke, known for his expertise in inflation analysis, on his X handle on Tuesday said that the current state of Nigeria’s economy is alarming, stating the “country’s inflation stands at a staggering 114% per year. “
Hanke went further to describe Bola Tinubu as “arrogant, ignorant, and incompetent.”
He said, “Pres. Tinubu flaunted his new $100M A330 private jet en route to France.
“Meanwhile, I accurately measure Nigeria’s inflation at a SHOCKING 114%/yr. TINUBU = ARROGANT, IGNORANT, & INCOMPETENT.”
Tinubu last Monday embarked on a trip to France and returned on Friday, four days later.
This followed the recent release of the aircraft, which was one of the three presidential jets recently confiscated by a French court in favour of a Chinese firm over a dispute with Ogun State Government.
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