Markets do not require perfect governments; they require credible institutions. The Presidency’s handling of allegations surrounding a so-called “ghost agency” – the Presidential Economic Advisory Council – and its self-styled Director-General, Prince Adeniyi Adeyemi Matthew, now risks undermining that credibility. The matter is further complicated by the reported involvement of President Bola Tinubu’s Chief of Staff, Femi Gbajabiamila, a former Speaker of Nigeria’s House of Representatives. Left unaddressed, the controversy risks becoming less about the substance of the allegations and more about a deeper governance problem: the erosion of institutional trust. This issue risks creating a governance problem larger than the allegations themselves.
Why silence from Tinubu on Adeniyi and Gbajabiamila carries risk, By Adeola Akinremi
