It is shocking that President Muhammadu Buhari whose lack of focus and incompetence plunged Nigeria into its second historical recession, has decided to sell off high performing and Income generating assets of the country to those that sponsored his 2015 electioneering campaign in the name of trying to spend himself out of the self inflicted recession.
Buhari Intentionally Destroyed Nigerian Economy.
This is a leaders that folded his arms for over six months in office doing nothing and allowed Nigeria to be run on auto pilot, whilst looking for angels as Ministers. Nigerians from all walks of life warned Buhari that his inaction and later his “adam and eve” policies would affect the economy in unprintable ways, but he acted less concerned.
Nigeria went into recession as a result of a LIQUIDITY CRUNCH brought on by Buhari in a bid to fight what he called Corruption against his perceived enemies and the opposition. He was strongly advised the implications of implementing TSA 100% from a start, he snubbed the advise and never bothered to read the handover notes that detailed why the TSA was implemented in phases.
It should be noted that when Obasanjo took over from the military, Nigerian foreign reserves were $3.7B. At that point oil was sold at $16, yet Nigeria didn’t go into recession neither did Obasanjo wasted his 8 years blaming the military looting of the treasury or meeting virtually empty treasury.
Buhari’s government grounded the amnesty program for given to the Niger Delta militants to ensure peace in the region and allow free flow of oil, without putting alternatives in place leading to a new phase of struggle and unrest by the militants who are owe months of their stipend.
With no cabinet in place for nearly a year and no payments to contractors, work on government projects came to a halt except those funded by China Exim bank, leading to sacking of 600,000 construction workers in Buhari’s first year in office.
Those who asked the government to take appropriate action in order to avert a recession following NBS Q1 report showing contraction were insulted and called wailing wailer , today we are in it as Buhari is helpless and overwhelmed yet refuses to resign. – Adapted from Mr Austin Atiku, Abuja.
