And how did they arrive at that? US Wall Street Journals
shared an article on its website written by Pete Hoekstra titled
“Buhari Is Nigeria’s Problem, Not Its Solution”. The article accused
President Buhari of Inflexibility, lack of vision and reactive approach
to issues
. Read the article below
Nigerian President Muhummadu Buhari writes of building
an economic bridge to Nigeria’s future (“The Three Changes Nigeria
Needs,” op-ed, June 14). It’s hard to see how his administration’s
inflexibility, lack of vision and reactive approach will achieve this.
Mr. Buhari notes that building trust is a priority for Nigeria.
But
an anticorruption drive that is selective and focused on senior members
of the opposition party creates deep political divisions. Meanwhile,
members of Mr. Buhari’s own cabinet, accused of large-scale corruption,
walk free. Seventy percent of the national treasury is spent on the
salaries and benefits of government officials, who make upwards of $2
million a year. As for Mr. Buhari’s ideas to rebalance the economy and
regenerate growth, his damaging and outdated monetary policy has been
crippling. The manufacturing sector, essential to Nigeria’s
diversification, has been hardest hit, exacerbating an already
fast-growing employment crisis. Foreign investors have started to flee
en masse. Mr. Buhari makes only brief mention of the country’s
deteriorating security situation. But security and stability are
precursors to economic growth and development. Boko Haram has been
pushed back for now, but little attention is paid to the structural
issues that have spurred its rise. Instead, the Nigerian government has
diverted much-needed military resources to the Niger Delta, where
rising militancy has reduced Nigeria’s oil production to less than half
the country’s capacity, and half the amount required to service the
national budget. Much of these tensions arise from Mr. Buhari’s decision
to cut amnesty payments to militants and an excessively hard-line
approach in a socially and politically sensitive environment. Other
ethnic tensions are also growing. In the country’s south, protests have
been met by a bloody response from the Nigerian military, stoking the
fire and galvanizing support for an independent state of Biafra. Rising
tensions could again pose one of the greatest threats to Nigeria’s
stability and future.
Friday, 17 June 2016
'Buhari is Nigeria’s problem, not its solution' – Wall Street Journal writes
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