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Home Business News

No Mercy: FT Says Buhari’s Policy Making Is So Clumsy “Dead or Alive Its Not Easy To Tell Difference”

Nairametrics by Nairametrics
February 8, 2017
in Business News
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The Financial Times weighed in on the controversial absence of President Buhari on Wednesday taking  a swipe at his governance style since he got elected in 2015. 

The president went on a vacation last month and is yet to return,  informing the National Assembly that he had to wait to get his test result on an undisclosed ailment. 

In a rather smitten article against the ailing president,  the FT hit below the belt suggesting that Buhari’s policies are so ponderous,  “dead or alive it’s not always easy to tell the difference”.  

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The tragedy for Nigeria is that policymaking has been so ponderous during the 20 months since Mr Buhari took office that, dead or alive, it is not always easy to tell the difference.

Under Mr Buhari’s slow-blinking leadership, Africa’s largest economy has drifted into crisis. Brought low by the weak oil price, on which government revenues are woefully dependent, the system has been starved of dollars. That has driven businesses into the ground, people on to the margins and the economy into its worst recession in 25 years. What had been a growing middle class is being daily eviscerated. High inflation, especially for food, is damaging the poor in whose name Mr Buhari ran for office.

Here is the link to the article. 

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Tags: Consumer GoodsMuhammadu BuhariNigerian recession

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