Why silence from Tinubu on Adeniyi and Gbajabiamila carries risk, By Adeola Akinremi

The Nigerian Presidency's response to allegations surrounding a purported "ghost agency" and its self-styled Director-General, Prince Adeniyi Adeyemi Matthew, risks undermining institutional credibility. Markets, the article argues, do not demand flawless governance but rather dependable institutions. The handling of this situation, particularly the reported involvement of President Bola Tinubu’s Chief of Staff, is now a point of concern.

The silence from President Tinubu on these matters, including the roles of Adeniyi and Gbajabiamila, carries significant risk. This lack of clear communication or decisive action can foster an environment of uncertainty and doubt. Such ambiguity can erode trust, a crucial element for both domestic and international confidence in the government's ability to manage its affairs effectively.

Premium Times highlights that the credibility of institutions is paramount for economic stability and market confidence. When these institutions appear compromised or are perceived as not being managed transparently, it can deter investment and create apprehension. The article suggests that the Presidency's current approach, characterized by silence, may inadvertently exacerbate these concerns, potentially leading to negative market reactions.