After the election of Bola Tinubu as the President of Nigeria, his highly elated wife, Oluremi, told the nation that her family is rich and does not need the wealth of the nation to survive. She said, “Nigeria’s wealth is the commonwealth of all. It belongs to everyone. God has blessed my family. We don’t need the wealth of Nigeria to survive but to do the right thing. And I promise you on this altar, that with your help, with the help of God, we will set this nation on the right path.” As a matter of fact, many Nigerians rooted for Tinubu as the president because they believed that he was very wealthy and would have no need for the nation’s wealth. Some say he was richer than the country and that there was no better person to manage and grow the country’s economy than Tinubu, a “successful business man.”
Incidentally, the administration’s persistent habit of extravagancy belies these claims. From the reforms that have impoverished millions of Nigerians, to the budgeting of billions of Naira for the purchase of presidential yacht, luxury vehicles for the president, his wife, the vice-president, renovation of the VP’s official residence in Lagos and now the purchase of a multi-million Dollar presidential jet, it seems like our billionaire president, his family and hangers are actually there to use the taxpayers money to maintain their lavish lifestyle despite the economic pain of such to the nation.For ten days at the beginning of this month, Nigerians were on the streets across the country protesting bad governance, hunger and economic hardship.
They made several demands, which include a return of fuel subsidies, improvements in living standards, cuts in the cost of governance, reduction in electricity tariffs, and solutions to escalating insecurity, among others. Not less than seven people died during the protest. And the government that could not meet these demands, went ahead to purchase a jet for the president? If that is not the height of insensitivity to the citizens’ plight then tell me what to call it.The same government that lavishes money on things that do not align with the needs and priorities of the people have been choking the people with all manner of taxes and has been preaching to the citizens to endure the hardship and consider it as a sacrifice being made for the nation’s brighter future.
The worst is that the authorities keep taking the citizens for granted. When the idea of a new presidential jet was muted by government officials who claimed that Boeing B737-700 (BBJ) was in bad shape and no longer safe for the president, Nigerians opposed it on the basis of the harsh economic realities of the country. But the government, as usual, neglected their opinion and went ahead with the purchase secretly. Perhaps, Nigerians would have still been kept in the dark about the purchase of the Airbus A330 but for the Nigeria-Ogun-Chinese Company embarrassing controversy. No transparency. No accountability.Expectedly, the presidency has been defending the purchase of the jet. The Special Adviser to the President on Information and Strategy, Bayo Onanuga wants Nigerians to jubilate because, “The new plane, bought far below the market price, saves Nigeria huge maintenance and fuel costs, running into millions of dollars yearly.”
Onanuga and some other government officials have also justified the purchase of the jet based on the age of Boeing and safety of the President and other of its users. Nigerians love their president and other leaders and wish them well but Nigerians also expect their leaders to show leadership by example and sacrifice for the betterment of the country. They want the president and other leaders to prioritise the welfare of the people over short-term political gains. Nigerians want their leaders to prioritise the needs of the country in view of the nation’s scarce resources. And in doing that, food, security, power, functional government refineries, welfare of workers, good roads, adequate power supply and other basic needs of the masses should be given utmost attention than a presidential jet.
Nigerians want their president to be transparent and accountable to the citizens that put him in power. As the 2023 Presidential Candidate of the Labour Party, Peter Obi admonished, “Now that the jet is here, Nigerian taxpayers whose money was used to purchase it need to be privy to how much it costs, how old the aircraft is and how long it’s been in operation. “In addition, Nigerians also deserve to know about how the old jets are being disposed of, how many of them, how old they are, and why they are being sold. Transparency and Accountability should be the hallmark of any genuine leadership.” And talking about age, reports have it that the Boeing B737-700 (BBJ) which has operated for 19 years is just four years older than the new jet which is 15 years old.
This makes one agree with the opinion of some experts that age should not be a detrimental factor as long as the maintenance schedule is strictly adhered to and spare parts are provided as at when due.  Isn’t the Boeing 747 (the Air Force One) used by the US President, said to be 34-year-old and has served no fewer than six Presidents, including the incumbent Joseph Biden? Therefore, without a good maintenance culture, the new aircraft will not last as long as expected. We must discard the habit of handling government’s property with negligence. People must be made to sit up and carry out their duties diligently to avoid the wastage of scarce resources.Wasteful spending not only drains the nation’s coffers but also erodes public trust in the government.
When citizens witness the lavish lifestyles of public officials—characterised by fleets of luxury vehicles, endless foreign trips, and grandiose state events—they justifiably question whether their leaders have their best interests at heart. This erosion of trust can fuel public discontent and even destabilise governance. The economic repercussions of wasteful spending are severe. Every naira spent on unnecessary luxury is a naira that could have been invested in critical sectors like healthcare, education, infrastructure, and security. Nigeria’s infrastructure deficit is estimated to be in the billions of dollars. Yet, instead of channeling resources towards closing this gap, successive administrations have prioritised short-term, high-visibility projects that offer little long-term value.
Furthermore, wasteful spending contributes to the nation’s growing debt burden. Nigeria’s debt profile has ballooned in recent years, with a significant portion of the national budget now dedicated to debt servicing. This leaves little room for capital expenditure and social programmes that could uplift millions of Nigerians out of poverty. The cycle of borrowing to finance wasteful projects is unsustainable and jeopardises the country’s economic future. To curtail wasteful spending, the budget process must be overhauled to eliminate non-essential expenditures. This means cutting down on excessive allowances for public officials, reducing the number of government agencies and the president announced, and prioritising spending on projects that have a clear, measurable impact on the populace.
Strengthening institutions that monitor and evaluate government spending is crucial. Agencies like the Economic and Financial Crimes Commission (EFCC) must be empowered and adequately funded to carry out their mandates. Public access to government spending data should be improved, allowing citizens to track how their money is being used, while lawmakers at all levels must wake up to their responsibilities of checking the excesses of the executives instead of acting like partners in crime. Reducing wasteful spending is not just a matter of fiscal prudence; it is a moral and economic imperative that could determine the future trajectory of the nation. As President, governors and local government chairmen, our leaders have the power to set the tone for the nation’s administration. By adopting a modest lifestyle and eschewing unnecessary extravagances, they can send a powerful message that wasteful spending will not be tolerated. This could inspire a broader culture of prudence within government circles and can restore public trust.

By: Calista Ezeaku