Nigeria’s economy in trouble, Buhari lacks solution –Fayose

From Wole Balogun, Ado Ekiti
EKITI State Governor, Mr. Ayodele Fayose has raised the alarm over the imminent collapse of the country’s economy, saying the Presi­dent Muhammadu Buhari-led All Progressives Con­gress (APC) administration is yet to show any sign that it has any solution to the problem.
The governor, who called on Nigerians to prevail on President Buhari to stay at home and govern, said it was the height of insensitiv­ity to the plight of Nigeri­ans that the president, who just returned from trips to France and United King­dom will, again, be travel­ling to Egypt, Saudi Arabia and Qatar from February 20 to 27, spending seven days out of Nigeria in what they called a “three-nation tour.”
Speaking through his Special Assistant on Public Communications and New Media, Lere Olayinka, the governor said: “It is worri­some that President Buhari does not have any economic team and there is no policy direction yet, despite spend­ing close to nine months in office.
“The implication of the president’s obvious lack of the required mental capac­ity to tackle the nation’s economic problems and the resultant effects are hu­man right abuses, prices of goods and services sky­rocketing, daily retrench­ment of workers, folding up of businesses, states finding it difficult to pay workers salary and the Fed­eral Government not being able to prepare a common budget.”
The governor described what Nigerians are experi­encing as the sum total of President Buhari’s mental capacity, adding that; “With President Buhari, Nigeria is definitely having a square peg in its round hole.
“Dollar has gone double since former president Goodluck Jonathan left office, with US Dollar ex­changing for N350 as at today. Foreign reserve is declining on daily basis, Boko Haram insurgents have come back even stron­ger than they were when Buhari assumed office and Nigerians are now being made to pay more for elec­tricity that is not available for them to use.
“Most importantly, pric­es of foodstuffs, newsprint, medicine among others have gone over the roof. Should we still continue to attribute all these to Jona­than or the Peoples Demo­cratic Party (PDP)?
“Even former governor of Central Bank of Nigeria (CBN) and Emir of Kano, Sanusi Lamido Sanusi is saying that President Bu­hari’s anti-corruption stance is inconsistent with the Forex regime he sup­ported and that the Federal Government Forex Policy encourages corruption and rent-seeking.
“Funny enough, some people are already talking about President Buhari’s second term not minding the reality that anybody thinking about Buhari’s second term is only plan­ning to snuff life out of Ni­gerians,” the governor said.

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