The lead story in today's @BusinessDayNg is an absolute must-read for everyone who may be interested in #Nigeria bit.ly/3kaRAEy
We're six years into the Buhari second-coming, and the results are in. Buhari is the worst thing to have happened to this country.
We're six years into the Buhari second-coming, and the results are in. Buhari is the worst thing to have happened to this country.
Why is he the worst thing?
It is very simple. Under his watch, our economy has developed a chronic case of stunted growth. And @BusinessDayNg has all the meat. Let me quote a few excerpts from the article...
It is very simple. Under his watch, our economy has developed a chronic case of stunted growth. And @BusinessDayNg has all the meat. Let me quote a few excerpts from the article...
"With data from @nigerianstat showing a 1.9% contraction
in 2020, it means #Africa’s largest economy has now failed to match its average population growth rate of 2.6% for 6
years."
This means that we've effectively been decelerating for the last six years.
There's more...
in 2020, it means #Africa’s largest economy has now failed to match its average population growth rate of 2.6% for 6
years."
This means that we've effectively been decelerating for the last six years.
There's more...
"When @MBuhari became president in 2015, he promised to
reform an economy hooked on petrodollars, reduce poverty
and create jobs, yet the numbers show he achieved the exact opposite."
This is VERY true as the attached chart shows...
reform an economy hooked on petrodollars, reduce poverty
and create jobs, yet the numbers show he achieved the exact opposite."
This is VERY true as the attached chart shows...
"6 years of contracting per capita GDP has wrecked pain
on businesses and households, whether they understand what is happening or not."
It is happening to ALL of us be we wailers or hailers or ponmo eaters. The ponmo don dey cost at the same time as more people are out of work!
on businesses and households, whether they understand what is happening or not."
It is happening to ALL of us be we wailers or hailers or ponmo eaters. The ponmo don dey cost at the same time as more people are out of work!
And all of this is happening as the naira in the pocket of all of us is losing value, and we are all getting poorer.
As @BusinessDayNg succinctly puts it, "For many businesses it has meant dwindling profit; for many individuals, a lack of jobs and worsening poverty."
As @BusinessDayNg succinctly puts it, "For many businesses it has meant dwindling profit; for many individuals, a lack of jobs and worsening poverty."
There are 2 years left of this govt, but we can confidently write off 2022 as a year of politicking since all the gladiators will be jostling to replace @MBuhari in 2023.
The funny thing is, they will be jostling to take over a wreck. Under this man, our debts have ballooned.
The funny thing is, they will be jostling to take over a wreck. Under this man, our debts have ballooned.
It's just depressing to think of it, but the only thing that is apt here is Matt 25:14-30, KJV.
In 2015, we gave the talents to someone who had no idea what to do with them. He ended up burying not only the talents, but he buried us along with them.
In 2015, we gave the talents to someone who had no idea what to do with them. He ended up burying not only the talents, but he buried us along with them.
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