A newly introduced Stears Approval Rating (SAR) released yesterday revealed that President Tinubu’s policies have received twice as many approvals from respondents compared to those of the previous administration, despite the anguish and frustration over the effects of some of the administration’s policies.
The intelligence firm Stears conducted a statistically significant statewide poll to gauge public sentiment in the aftermath of the current administration’s storm of policy reforms. The first Stears Approval Rating surveyed 519 respondents from 20 local government areas in Lagos.
The SAR is composed of answers to 25 queries regarding socioeconomic policies, living conditions, institutional trust, and voter status. The average length of an interview was 10 minutes, and it was conducted in English, Pidgin English, and Yoruba.
“After Stears’ proprietary estimation model accurately predicted the outcome of the presidential elections in 2023, we wished to expand the use of data in governance and beyond. Tokunbo Afikuyemi, an economist at Stears, remarked that the SAR’s ability to detect minute changes in consumer sentiment is particularly exciting.
Senior Governance Analyst Joachim MacEbong stated, “The Stears survey provides a valuable insight into the concerns of Nigerians, and it is evident that immediate action is required to alleviate the financial burdens of citizens. 42 percent of Lagosians are pessimistic, while 32 percent are optimistic about the country’s future, according to our survey.
When asked what they think of the social and economic policies of both the current administration and the previous Buhari administration, only 12% approve, while 50% disapprove.
27 percent approve of the current administration, while 33 percent disapprove. The 50% disapproval of the previous administration’s policies is indicative of policy errors.
The withdrawal of the gasoline subsidy, which increased the price of Premium Motor Spirit (PMS) in Lagos from 185/liter to 490/liter overnight, is unpopular. 58 percent disapprove of the decision, while only 32 percent approve of it. Before the increase from 490/liter to 560/liter, Stears completed data collection.
Stears constructed three indices based on the data gathered for the Stears Approval Rating: The Approval Rating Index highlights the public’s approval of implemented and potential future policies; the Stears Confidence Score measures trust in institutions, which is essential for mobilizing citizens; and the Consumer Expectations Index measures consumer optimism about the future, which is indicative of their future spending.
The Consumer Expectations Index was constructed by Stears using responses to queries regarding future expectations and Nigeria’s direction. The majority (59%) feel worse off than they did one year ago.
The silver lining is that 71% of respondents believe their situation will improve within a year.
President Bola Tinubu transmitted a new list of 19 ministerial nominees to the Senate for confirmation yesterday, bringing the total number of nominees to an unprecedented 47. This was despite persistent calls for a drastic reduction in the cost of governance in light of dwindling revenue and a growing debt profile.
This is in addition to the 20 Senior Special Assistants, Special Assistants, and Personal Assistants appointed by the President previously.
Recall that The Guardian exclusively reported three weeks ago that, barring a last-minute change, the cabinet will be as swollen as that of former President Muhammadu Buhari, albeit with significant portfolio realignments.
Though a 42-member cabinet was anticipated because each state is constitutionally required to have a representative and because the previous administration appointed six more ministers to represent each of the six geological zones, the new cabinet will also include 20 Special Advisers, as SAs were expected to contribute to weekly Federal Executive Council (FEC) meetings.
President Tinubu unveiled the second group of his ministers yesterday, bringing the size of the yet-to-be-sworn-in Federal Executive Council (FEC) to nearly 70 members.
This was in response to the current state of affairs, most notably the escalating hardship caused by the removal of the gasoline subsidy and other new administration policies.
This shatters and surpasses all previous benchmarks. Former President Olusegun Obasanjo inaugurated the fourth republic with 27 Ministers between 1999 and 2003, and he had 30 Ministers during his second term (2003 to 2007). In order to accommodate all states of the federation and the Federal Cabinet Territory (FCT) in his cabinet, the late Umaru Musa Yar’Adua (2007–2010) inaugurated 39 Ministers and introduced the Minister of State noun.
Former President Jonathan (2011–2015) trimmed his cabinet to 33 members, but in 2014, a year before his re-election, he reshuffled his cabinet and added some politicians in what he termed an “injury time addition” to improve his prospects of winning the 2015 election. This increased the number of Ministers to 37 again.
Former President Muhammadu Buhari (2015–2023) added six nominees from geopolitical zones to his cabinet, bringing the total to 42.
Even though President Tinubu was urged to reduce the size of his cabinet, it was expected that he would maintain the 42-member cabinet framework.
However, no one anticipated that the cabinet would be expanded to include a majority of former governors and politicians who were being compensated for their roles in the February 25 presidential election.
On Tuesday, the Lagos Chamber of Commerce and Industry (LCCI) urged the Federal Government to reduce the cost of governance in order to demonstrate that leaders share in the anguish and sacrifice of the people.
Dr. Michael Olawale-Cole, president of LCCI, issued the accusation in a statement regarding President Tinubu’s address on the State of the Nation.
According to Olawale-Cole, it is difficult for the average Nigerian to comprehend why they are suffering so much while those in leadership are unaffected by the economic crisis.