President Bola Tinubu has come under intense public scrutiny following his appearance at the Lagos Eyo Festival, where he was photographed wearing a luxury rose-gold Patek Philippe Nautilus wristwatch reportedly valued at over ₦400 million (approximately $271,000).
The Patek Philippe Nautilus Chronograph, reference number 5980/1R-001, is listed on the luxury watch marketplace Chrono24 at €224,900 (about $271,233), with a 2022 production year.
The timepiece features a rose-gold case and bracelet, automatic movement (Caliber CH 28-520 C), a 55-hour power reserve, and 35 jewels, positioning it among the world’s most expensive wristwatches for men or unisex collectors.
Photos from the culturally significant festival, according to SaharaReporters, showed President Tinubu dressed in traditional white attire, with the extravagant watch prominently on his wrist—a choice that has triggered sharp debate across social media and public forums.
Critics have highlighted the optics of such luxury amid Nigeria’s deepening economic crisis, with soaring inflation, rising food prices, the removal of fuel subsidies, and widespread financial strain affecting millions of citizens. Many argue that the display of wealth during a public cultural event is particularly striking given the hardships faced by ordinary Nigerians.
Observers note that the controversy underscores growing public sensitivity to displays of opulence by leaders, especially during periods of national economic stress.
This development has fueled discussions about leadership, responsibility, and the symbolism of wealth in public office, with many Nigerians questioning the timing and appropriateness of such a lavish accessory at a time of widespread economic hardship.
