Bola Tinubu is taking over the presidency of Nigeria - a giant nation with gigantic problems.
Nigeria is often referred to as the "giant of Africa", given its huge population and economic potential, but it has some gigantic problems too - and these will confront Bola Tinubu as he takes over as president on Monday.
But this subsidy is taking a huge toll on dwindling public finances. Last year it guzzled 4.3trn naira and for the first half of this year, 3.36trn naira was budgeted. One area he may explore to lessen the impact is to subsidise and improve public transport - something he has experience in after implementing a massive public transport scheme in Lagos that put in place fast bus links.
As governor of Lagos, Mr Tinubu probably had the most ethnically diverse cabinet in Nigeria, appointing non-Lagosians into key positions, which is still a rarity. Close allies say by making jobs available and getting young people involved in governance, Mr Tinubu may win over some of them. Mr Tinubu also favours a more private-sector led approach, in contrast to his predecessor, Muhammadu Buhari, who aimed to bolster national welfare safety nets.The incoming president has criticised the bank's policy of using multiple exchange rates.
The two have a fractious relationship following the central bank's move to redesign the local currency - leading to The Tinubu-Shettima plan includes using anti-terrorist battalions with special forces to go after the kidnappers and extremist groups.
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