Nigeria’s GDP Smaller today than 20 years Ago – Gbenga Hashim

A Peoples Democratic Party (PDP) presidential hopeful, Dr. Gbenga Hashim, has criticised the economic performance of President Bola Ahmed Tinubu, claiming that Nigeria’s economy is weaker today than it was under previous administrations, including former Presidents Olusegun Obasanjo and Goodluck Jonathan.

Hashim made the remarks on Wednesday during an interview on Channels Television, Politics Today.

Hashim cited official economic figures to argue that Nigeria’s fiscal and monetary management over the past decade under the ruling All Progressives Congress (APC) has failed to keep pace with the country’s population growth and development needs.

“GDP under Obasanjo was about $267 billion. Under Jonathan, it rose to over $574 billion in nominal terms. Today, under Tinubu, it has fallen to around $230 billion. This is a shocking regression for a nation with massive human and natural resources,” he said.

The PDP aspirant also raised concerns about the devaluation of the naira, stressing that the currency’s current exchange rate is far below levels justified by Nigeria’s economic fundamentals, adding that the situation has contributed to a higher cost of living and weakened investor confidence.

Hashim, a businessman, further questioned Tinubu’s developmental legacy in Lagos State, comparing it with that of former military President Ibrahim Babangida.

He also credited Babangida with constructing the Third Mainland Bridge, describing it as a landmark infrastructure project with enduring impact.

“IBB contributed more to Lagos development because he built the Third Mainland Bridge. If you remove the bridge today, what is left? Tinubu’s smaller tolled bridge in Lekki is nothing compared to what IBB built,” Hashim stated.

He also dismissed the Action Democratic Congress (ADC) as a credible political alternative, alleging that many of its members are connected to Nigeria’s current economic and security challenges.

“Apart from Peter Obi and probably Atiku Abubakar, many others in the ADC are mostly Buharists who are accused of being part of the current problem,” he said.

Hashim challenged members of Tinubu’s economic management team, including the Governor of the Central Bank of Nigeria and the Minister of Finance, to defend their record in a live public debate.

He argued that Nigerians deserve transparent explanations on GDP contraction, currency instability, inflation, and the government’s broader economic strategies.

“It is an open challenge , let their best hands, the CBN governor and the finance minister, come out for a live public debate on the economy with me,” he added.

Nigerians can now invest ₦2.5 million on premium domains and profit about ₦17-₦25 million. All earnings paid in US Dollars. Rather than wonder, click here to find out how it works.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.