Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ - Politics - Nairaland
Nairaland Forum / Nairaland / General / Politics / Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ (433 Views)
‘baba Go Slow’ Appellation Given To Buhari Is What Best Suits Nigeria Now-yoruba / Some Nigerians Call Me Baba Go Slow - President Buhari (VIDEO) / Bloomberg - US Think Tank Calls Buhari "Baba Go Slow" (2) (3) (4)
| Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by Nobody: 7:15am On Jul 02, 2015 |
[size=8pt][b][i][font=Lucida Sans Unicode][/font]Nigerian President Muhammadu Buhari took office a month ago on a wave of hope that he would quickly deal with a deepening economic crisis and an Islamist insurgency in the north. So far, he hasn’t met those expectations. While Africa’s biggest oil producer has been hit by a 40 percent fall in petroleum prices in the past year that has slowed economic growth and weakened the currency, Buhari, 72, has delayed naming a cabinet until September. As the momentum of being the first opposition candidate to win power at the ballot box fades, critics are mocking him as a sluggish elderly man, or “Baba Go Slow.” Buhari has acknowledged the crisis, saying last month that his government is facing severe financial strain, with a Treasury that’s “virtually empty,” and his party is calling for patience. Yet his lack of urgency in tackling economic woes could leave Nigeria badly adrift, said John Ashbourne, an economist at Capital Economics in London. “Every week that Nigeria goes without a cabinet increases the chance that it will face a dangerous shock — whether a revenue collapse or a currency crisis,” Ashbourne said by phone Tuesday. “Leaving the federation without a finance minister would be a questionable choice at the best of times; doing so during a period of economic instability is difficult to explain.” Investor Displeasure Nigeria’s currency, twice devalued in the past year in an attempt to cope with lower oil income, has weakened 7.7 percent against the dollar this year on the interbank market. The International Monetary Fund estimates that growth will slow to 4.8 percent this year from 6.1 percent in 2014. The naira was trading at 198.85 against the U.S. dollar at 2.38 p.m. in Lagos. The Nigerian Stock Exchange Index hit its 2015 peak of 35,728.12 on April 2, the day after Buhari was declared the election winner. Since then it has fallen 8 percent. SOURCE: BloombergBusiness[/b][/i][/size] International business and the world is gradualling becoming increasingly frustrated by the slow start of the current president and the apparent lack of policy thrust of the government. So much so that investment momentum gathered after peaceful transition is in retrogression according to NSE index. |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by innofyno(m): 7:17am On Jul 02, 2015 |
Lord of the dauharians |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by seedgreen(m): 7:19am On Jul 02, 2015 |
Following |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by robinicule(m): 7:20am On Jul 02, 2015 |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by buzquet(m): 7:24am On Jul 02, 2015 |
Very soon, na una go change am to baba express!! |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by piicity(m): 7:27am On Jul 02, 2015 |
[size=32pt]VERY SOON WE GO SEE ODECHI BABA![/size] |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by Prince081: 7:32am On Jul 02, 2015 |
The man was very frank. He said "I will not be able to do much at 72". I guess he must have told Tifnubu and other APC leaders same thing before he was forced into the presidential race because APC needed power by all means. Anyway, he was able to build a Helipad in his desert village. #priorities |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by okangisaiah(f): 7:33am On Jul 02, 2015 |
. |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by mistabiola: 7:40am On Jul 02, 2015 |
Baba Go Slow ko, Baba Traffic Jam ni   Awon oniranu |
| Re: Bloomberg: Buhari Goes From Nigeria’s Change Champion To ‘baba Go Slow’ by lunaticfringe: 7:41am On Jul 02, 2015 |
Prince081: |
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