Nigerian Presidency rejects Pat Utomi over claim Tinubu reforms are 'Ponzi scheme'

On 2026-04-15, the Nigerian Presidency, through aide Sunday Dare, criticized economist Pat Utomi over his description of President Bola Tinubu's economic reforms as a 'Ponzi scheme.' The response defended the reforms as structural fiscal measures, citing fuel subsidy removal and exchange-rate unification. The event occurred in Abuja and is a verbal rebuttal rather than a policy action.