After Rupiah’s Record Low, Should Nigeria Still Emulate Indonesia?

I recall how Peter Obi praised Indonesia’s economy as a model and criticised President Tinubu’s handling of our finances. Major financial publications report that the rupiah has lost nearly 20% of its value since February 2025. It hit a record low and forced Indonesia’s central bank to raise interest rates. The country also suffered a quarter-on-quarter GDP contraction in early 2026. By contrast, Nigeria has recorded twelve straight quarters of GDP growth and trade surpluses under President Tinubu. The naira has strengthened by over 12% in the same period. It was ranked the second-best performing currency in Africa, and the IMF listed Nigeria among the top contributors to global GDP growth. My question to Peter Obi is simple: should Nigeria still emulate the Indonesian economy?

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