Dear President Bola Ahmed Tinubu,
I hope this letter finds you in good health and high spirits.
I commend you, Your Excellency, for the bold reforms implemented under your leadership, including removing fuel subsidies and unifying 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 our nation’s progress and economic stability.
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 in the media, oil and gas, telecommunications, financial services, banking, fintech, and FMCG sectors.
This behaviour undermines your administration’s efforts to create a conducive business environment and 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 the exit of multinational corporations, the shutdown of local businesses that struggle to comply with arbitrary regulations aimed at stifling competition, and the erosion of investor confidence, etc.
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 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. Your actions in response to these challenges will significantly influence our country’s direction in the coming years.
I trust that you will consider this matter with the urgency it deserves.
Thank you for your service, Mr President.
Sincerely,
Adeola Adepoju
Jabi, Abuja