Dear President Bola Ahmed Tinubu, I hope this letter finds you in good health and high spirits.
I want to commend you, Your Excellency, for the bold reforms implemented under your leadership, including the removal of fuel subsidies and unification of the exchange rate.
As you continue to lead Nigeria through a critical period in our history marked by your far-reaching reforms, I feel compelled to address a critical issue that could significantly impact the progress and the economic stability of our nation.
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In recent weeks, there have been reports that certain high-ranking presidential advisers are allegedly manipulating and forcing various regulatory agencies to intimidate and harass companies across media, oil & gas, telecommunications, financial services, banking, fintech, and FMCG.
This behavior not only undermines your administration’s efforts to create an environment conducive to business but also threatens Nigeria’s economic recovery.
Sir, if it is true that high-ranking officials within the government who should be doing all they can to deliver on your mandate are the same people who undermine it by continuing to exploit regulatory agencies for personal gain, we risk exit of multinational corporations, shut down of local businesses who struggle to comply with arbitrary regulations aimed at stifling competition, and erosion of investor confidence, etc.
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Mr. President, your commitment to enhancing Nigeria’s economy through your different policies and initiatives is commendable. However, these efforts must be supported by a transparent regulatory framework that protects businesses from undue harassment.
I urge you to investigate these allegations and take decisive action against any misuse of power by any government officials who seek to manipulate regulatory bodies for personal gain.
Reinforcing the independence of these agencies will not only protect businesses but also restore trust among stakeholders in the Nigerian economy. The actions you take in response to these challenges will significantly influence the direction our country takes in the coming years.
I trust that you will consider this matter with the urgency it deserves.
Thank you for your service, Mr President.
Adepoju writes from Jabi, Abuja
