Like everybody else, President Tinubu is back to work after a very intense, traffic-inducing Detty December. But unlike some of you who are yet to draw up your plans for the year, the president has shared the policies he plans to introduce in 2025.
If you typically yawn at the mention of policies, there are chances that you will enjoy this piece because I asked ChatJibiti (not to be mistaken for ChatGPT) to rank Tinubu’s new policies for me.
Multipurpose National Identity Card (ChatJibiti rating (2.5/5)
President Tinubu is giving Nigerian fintech a run for their money with the proposed multipurpose National Identity Card. The president has approved the creation of identity cards that also double as payment cards—as in, cards that display your identity and net worth.
With this new ID, you can withdraw money, pay for stuff online, and do anything with a payment card, no matter what bank you use. The federal government is partnering with the Central Bank of Nigeria (CBN) and Afrigo payments to pull this off. They are also banking (pun is highly intended) on these cards to reach 100 million Nigerian citizens. So, there’s a high chance that you’ll be getting a new identity card soon.
What ChatJibiti thinks: Collecting this card might be a do-or-die affair judging by the federal government’s history of humbling Nigerians. In 2020, telecom companies and FG formed a toxic bromance, followed by threats to ban sim cards of Nigerians who hadn’t registered for their National Identity Numbers (NIN).
You probably know the history better than I do, but the threat led to crazy queues that made the collection of NIN cards look like the devil’s idea. Seeing as the goal is to reach 100 million Nigerians (who are likely not interested in getting new IDs), I’d nicely suggest that you start getting ready for similar threats and queues. The card itself isn’t a bad idea because it will increase financial inclusion (especially in rural areas), which is stuck at 64%. I don’t hate it, and I don’t like it, so it’s a 2.5/5 for me.
National Youth CONFAB (ChatJibiti rating (1.5/5)
For a country whose population is largely made of young people, the Ministry of Youth has been inactive for way too long. Tinubu must be tired of paying the salaries of everyone in the ministry and seeing no results because he’s finally giving the ministry real work.
In October 2024, President Tinubu’s screen time hit the roof (because Nigerian youths had a lot to say about his administration on social media). Instead of clapping back like any other social media user, he made things slightly more physical by proposing a gathering of youths, fancily named The National Youth Confab.
The confab will be attended by young Nigerians from all over the country. They will be tasked with putting their heads together to propose solutions to social issues like education, employment, innovation, security, and social justice. The Ministry of Youth is likely to keep the selection process public and transparent, so there’s a chance you might be invited.
What ChatJibiti thinks: You might want to reduce your expectations to zero because a similar confab was pulled off during Goodluck Jonathan’s administration and was an absolute mess. It was so messy that even the ideas birthed during the confab were never implemented. Forgive my pessimism, but I hope history doesn’t repeat itself. If it works out, though (and a president finally chooses to implement great ideas from the largest demography in the country), it could be a great thing. Very heavy on “could”, so I’d rate it 1.5/5.
National Credit Guarantee Company (ChatJibiti rating (4/5)
The president wants to “enhance living standards” by making it easier for Nigerians and key sectors of the economy to access credit.
What ChatJibiti thinks: Nigerians need more loans than ever before (thanks to some famous policies by the same president who’s proposing this new policy). I’m not mad at this at all because it means easier access to loans for average Nigerians and businesses when it kicks off in the second quarter of 2025. I still don’t know all the details, but it’s good thinking on Tinubu’s end.
Tax Reform Bill (ChatJibiti rating (2/5)
The tax reform bills are four separate laws designed to organize everything about taxes and how they’re managed in Nigeria into clear categories.
These bills are still being debated in the National Assembly, but they are expected to be passed in the coming months. Although several Nigerians and some leaders are still against these reforms, President Tinubu doesn’t seem like he can be talked out of implementing them as soon as possible.
What ChatJibiti thinks: Taxes are important, especially for a country that’s still struggling to monetize its non-oil sectors. But one of the tax reforms the president is proposing includes an increase in Value-Added Taxes (VAT). Not only will this make basic items like food, electricity, and transportation more expensive, but it will also contribute to the financial frustration Nigerians are currently facing. I think the president needs to go back to the drawing board for this one.
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