Start here · Key findings
What the record shows
- 01
Tinubu has no domestic criminal conviction. Pre-presidency controversies include the 1993 US civil forfeiture of $460,000 alleged proceeds of narcotics trafficking (settled out of court — verified US court filings published 2022) and the Chicago State University academic-records dispute (resolved in US federal court 2023). All 2023 election petitions were dismissed at Presidential Election Petitions Court and upheld by Supreme Court October 2023.
High confidence · 85%
Identity & Background
Asset declaration notes
Filed asset declaration with the Code of Conduct Bureau prior to inauguration in May 2023. Specific itemised figures not publicly released by CCB. Confidence: 70%
| Relation | Name | Notes |
|---|---|---|
| mother | Abibatu Mogaji (Lagos market women leader, deceased) | — |
| spouse | Senator Oluremi Tinubu (current First Lady) | — |
| child | Multiple children including Folashade (deceased), Seyi Tinubu, Habibat Tinubu, Wuraola Tinubu | — |
| family background | Yoruba Muslim Lagos family with deep market/trading roots | — |
| Institution | Qualification | Years |
|---|---|---|
| Children's Home School, Ibadan | Primary | ?–? |
| St. John's Primary School, Aroloya, Lagos | Primary | ?–? |
| Richard J. Daley College, Chicago, USA | Associate Degree | 1974–1977 |
| Chicago State University | B.Sc. Accounting (1979) | 1977–1979 |
President, 2023-Present; Sitting President of Nigeria
Fiscal & Debt Profile
President of Nigeria
29 May 2023 – present
Tenure-Bookended Debt Position
At swearing-in
29 May 2023
Latest
31 Dec 2025
Net change
+₦71.88trn
Loan Agreements / Borrowing Authorised
| Facility | Lender | Amount | Stated purpose | Status |
|---|---|---|---|---|
| World Bank Multi-Sectoral Operations (2023-2025) | World Bank | ₦2.3bn | $2.25bn (June 2023 NEPDP + Reforms), $1.5bn (Dec 2023), $1.5bn (Jun 2024), $2.2bn (Jun 2025) — cumulative ~$7.45bn | disbursed |
| AfDB COVID/Energy Operations (2023-2025) | African Development Bank | ₦1.0bn | Multiple operations totalling ~$1bn for energy and infrastructure | disbursed |
| Eurobond Issuance (December 2024) | Domestic Bond Issue | ₦2.2bn | $2.2bn dual-tranche (6.5-year + 10-year) — first Eurobond since 2022 | disbursed |
| Eurobond Issuance (February 2025) | Domestic Bond Issue | ₦2.2bn | $2.2bn issuance; oversubscribed | disbursed |
| China Exim Bank legacy loans | — | — | Continued servicing of Buhari-era Chinese infrastructure loans | disbursed |
| IMF Article IV (no current programme) | — | — | Tinubu administration has avoided new IMF programme borrowing; continues regular Article IV consultations | disbursed |
Major Projects Funded
| Project | Sector | Stated cost | Funding | Outcome |
|---|---|---|---|---|
| Subsidy removal (29 May 2023) | — | ₦4.00trn | — | Immediately removed petrol subsidy on Inauguration Day; saved ~₦4trn annually; drove inflation surge |
| FX unification (June 2023) | — | — | — | CBN unified multiple naira exchange rates; eliminated parallel-market drain |
| Lagos-Calabar Coastal Highway (commenced Mar 2024) | — | ₦15.00trn | — | ₦15trn estimated project; controversial demolitions; partly debt-financed |
| Renewed Hope Cities housing programme | — | — | — | Mass housing programme; mixed debt-equity financing |
| Tax reform package (2024-2025) | — | — | — | Tinubu tax reform bills aimed at VAT and revenue restructuring; passed Senate 2025 |
Audit Findings & Accountability Issues
No audit findings on record for this tenure.
Governor of Lagos State
29 May 1999 – 29 May 2007 · Lagos
Tenure-Bookended Debt Position
At swearing-in
29 May 1999
At handover
29 May 2007
Net change
—
Loan Agreements / Borrowing Authorised
| Facility | Lender | Amount | Stated purpose | Status |
|---|---|---|---|---|
| LASEPA / LASTMA infrastructure financing | Domestic Bond Issue | — | Commercial bank facilities and state bonds | disbursed |
| BRT Phase 1 financing | — | — | Initial debt-financing for Bus Rapid Transit system commenced | disbursed |
| Eko Atlantic City foundation period | — | — | Project foundation work — full development came post-Tinubu | disbursed |
Major Projects Funded
| Project | Sector | Stated cost | Funding | Outcome |
|---|---|---|---|---|
| Lagos tax/IGR transformation | — | — | — | Established Lagos IRS framework — paradigmatic Nigerian state fiscal reform |
| BRT system rollout | — | — | — | First Bus Rapid Transit system in Africa |
| Eko Atlantic City reclamation begun | — | — | — | Foundation work for major land reclamation project |
| LAGBUS / urban renewal programmes | — | — | — | Mass transit infrastructure |
| GAC / political machine establishment | — | — | — | Built South-West APC political machine that anchored 2023 Presidential victory |
Audit Findings & Accountability Issues
No audit findings on record for this tenure.
Senator, Lagos West
1992 – 1993
Tenure-Bookended Debt Position
At swearing-in
—
At handover
—
Net change
—
Loan Agreements / Borrowing Authorised
No loans on record.
Major Projects Funded
No projects on record.
Audit Findings & Accountability Issues
No audit findings on record for this tenure.
Additional Fiscal Indicators
Descriptive fiscal positions and notes that fall outside the tenure-bookended snapshot model.
IGR transformation
Lagos IGR transformed from ₦600m/month to ~₦8bn/month across tenure — paradigmatic
Confidence: 95%
Federation Account dependence
Lagos uniquely reduced FAAC dependence to under 30% of revenue
Confidence: 95%
Debt-Service Ratio (2024)
Improved to ~68% of federal revenue (vs ~96% Buhari handover) due to subsidy-removal revenue gains
Confidence: 90%
Debt-to-GDP (Q4 2025)
~35.5% (IMF data); projected to fall to 32.3% in 2026
Confidence: 95%
Tenures & Public Office
| Office | Period | Party | Predecessor | Successor |
|---|---|---|---|---|
President of Nigeria | 29 May 2023 – present | — | — | |
Governor of Lagos State Lagos | 29 May 1999 – 29 May 2007 | — | — | |
Senator, Lagos West | 1992 – 1993 | — | — |
Electoral History
| Election | Position | Party | Year | Outcome |
|---|---|---|---|---|
| 2023 Presidential Election | President | APC | 2023 | won Won (8,794,726 / 36.6%) |
| 2003 Lagos Gubernatorial | Governor | AD | 2003 | won Won (re-elected) |
| 1999 Lagos Gubernatorial | Governor | AD | 1999 | won Won |
| 1992 Senate Lagos West | Senator | SDP | 1992 | won Won |
Performance & Policies
Fuel subsidy removal
29 May 2023 inaugural — "Subsidy is gone"; saved ~₦4tn annually but caused immediate fuel price spike from ₦200 to ₦600+/litre
FX unification (June 2023)
Floated the naira; official rate moved from ~₦465/$ to ₦750/$ initially, then to ₦1,535/$ by end 2024 (FocusEconomics)
Student Loan Act (2023)
Signed Student Loans (Access to Higher Education) Act 2023
New minimum wage (July 2024)
Signed ₦70,000 minimum wage into law
Cabinet reshuffle (October 2024)
Sacked 5 ministers, reassigned 10, added 7; created Ministry of Regional Development and Livestock Development Ministry; merged Tourism with Arts/Culture/Creative Economy; scrapped Sports Ministry (replaced by NSC under Shehu Dikko)
Inflation outcome
Headline inflation rose to 34.2% in June 2024 — a 28-year high (NBS via NESG)
Exchange-rate outcome
Naira lost ~70% of dollar value across first 18 months (NGN 899/$ Dec 2023 → NGN 1,535/$ Dec 2024 — FocusEconomics)
Rivers State Emergency
Declared state of emergency in Rivers State 18 March 2025; lifted 18 September 2025; reinstated Fubara
Public Statements & Promises
"June 2022 APC primary in Abeokuta: "Emi lokan" (Yoruba: "It is my turn")"
"29 May 2023 inaugural: "Subsidy is gone""
"Multiple speeches advocating fiscal federalism and state policing"
Network & Relationships
Lagos GAC (Governance Advisory Council)
Political Mentees
Key Allies
Rivals/Opposition
International
Media Coverage
Arise TV, Channels TV interviews
Bloomberg, FT, BBC, Reuters coverage
Limited domestic press conferences as President
Frequent international engagements (UNGA, G20)
Timeline
Chicago State University (BSc Accounting)
Mobil Nigeria (Treasurer)
Senator, Lagos West (SDP)
NADECO pro-democracy activism; US asset forfeiture
Governor of Lagos State (AD)
Re-elected Governor
Handed over to Fashola
Co-founded APC
APC primary win in Abeokuta ("Emi lokan")
Elected President (36.6%)
Inaugurated; announced fuel subsidy removal
FX market unification
Supreme Court upheld election
Inflation hit 34.2% (28-year high)
Signed ₦70,000 minimum wage
Cabinet reshuffle
Declared Rivers emergency
Lifted Rivers emergency
Sources
See something wrong?
Every figure on this profile can be challenged. Help keep the record accurate.