The power he actually held
Bola Tinubu has been president of Nigeria since 29 May 2023. CBN sets the naira. NNPCL prints pumps. INEC certifies. He is the political principal, not every FAAC clerk.
As of August 2026 he remains in office.
What went wrong, and what is proven
The sharpest documented costs that are dated and named are ‘subsidy is gone’, 29 May 2023 and the 14 June 2023 naira unification. Pump prices moved from about ₦185 toward ₦1,100–1,400. The naira lost most of its prior official value. #EndBadGovernance, August 2024 is a completed protest-and-crackdown cluster. Insecurity remains a completed 2024 violence cluster under his federal watch. ECOWAS-Niger, 2023 is a completed regional-force file. Petrol-price resets after Dangote weather are dated household shocks. Tax bills, June 2025 were contested across regions before a 1 January 2026 start. CBN Ways-and-Means inheritance is a completed stock he had to close.
What improved, and how far
The 25 February 2023 election and 29 May oath are completed rotations. Supreme Court, October 2023 upheld the result. Yemi Cardoso at CBN is a completed appointment. ₦70,000 minimum wage is a completed floor, remaining price lag named. NELFUND is a completed student-loan start. FAAC/state salaries is a dated fiscal-flow. FX-gap close is a measured unification print. Cash transfers are dated household instruments. Reserves print is a completed CBN stock. GDP 4.23 percent, Q2 2025 is a measured quarter. August 2026 scorecard is a completed ministry account that itself said household welfare was unfinished.
Shared responsibility, and what the score does not say
The score does not say that every pump naira is a unique later conviction of a subsidy cabal. It does not say that a wage floor rebates a 139-million poverty print. It does not convert a 2027 filing into a completed second term. Confidence is high on Eagle Square and CBN circulars, and medium where World Bank lines, untried certificate files, and later CPI series sit between a speech and a welfare indicator.
Related people are counterpart rulers who actually shared files: Ramaphosa, Ruto, Abiy, Sheinbaum, Lula, Trump, Biden, Macron, von der Leyen, Guterres, Carney, Modi.
Official carriers include State House and contemporaneous Reuters.
A president is powerful enough to own those two June-2023 instruments. He is not powerful enough to be the unique author of every NNPCL tanker, and the dossier keeps that line visible. Keep 29 May off a 2026 tax act. Keep a World Bank print off NELFUND. If those distinctions feel pedantic, they are the alternative to a Jagaban halo and the alternative to a cartoon.
The 2023 oath, the 2024 protests, and the 2026 tax-act start are different dates. Treat them as texts. A 2027 ballot is not a certificate. He is still president in August 2026. Cardoso, Oyedele, NNPCL, and states remain on the file so a brand cannot swallow them.