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Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters - Politics - Nairaland

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Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Mogidi: 8:20pm On Sep 04, 2015


By Alexis Akwagyiram and Julia Payne

LAGOS/ABUJA (Reuters) - Nigerian President Muhammadu Buhari has made sweeping changes in the oil sector and armed forces during his first 100 days in office but done little to convince experts that he has a clear strategy for Africa's biggest economy.

Buhari, a former military ruler, made Nigerian history in March by becoming the first candidate to defeat an incumbent president at the polls, after promising to crack down on corruption and crush a bloody insurgency by the Islamist militant group Boko Haram.

Revellers in the capital Abuja celebrated his inauguration in May by chanting "Sai Baba", which means "All hail, father" in the Hausa language of northern Nigeria.

As Buhari prepares to mark 100 days in office on Saturday, his critics are now using the less flattering sobriquet "Baba Go Slow".

[size=18pt]Chief amongst their complaints is the 72-year-old's decision not to appoint a cabinet until later this month, putting the economic policy of the country of 170 million people in limbo,[/size] and leaving the likes of the central bank to fill the vacuum.

Buhari's supporters say he has needed time to analyse the inner workings of ministries that have been run exclusively by the People's Democratic Party (PDP) since the return to civilian rule in 1999.

They point to his restructuring of the state oil company NNPC, whose board Buhari sacked in June, when he appointed an ExxonMobil executive as managing director. Crude oil sales account for around 70 percent of Nigeria's state revenues, and NNPC has been accused of failing to account for tens of billions of dollars in the last few years.






http://af.reuters.com/article/topNews/idAFKCN0R41NY20150904

13 Likes 3 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Mogidi: 8:21pm On Sep 04, 2015
Seems the respected Reuters have joined the "Wailing Wailers"


56 Likes 7 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by bluaero(m): 8:23pm On Sep 04, 2015
undecided

It appears wailing is contageous

13 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by benardtotti(m): 8:26pm On Sep 04, 2015
take time and read the very article you posted OP,reuters is not directly saying baba has failed.

11 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Mogidi: 8:29pm On Sep 04, 2015
benardtotti:
take time and read the very article you posted OP,reuters is not directly saying baba has failed.


They just pointed out our economic policy is in limbo.

65 Likes 5 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Benedict44(m): 8:29pm On Sep 04, 2015
ok....but let me finish my birthday party ....it remain small....hit like for me...

10 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by MISSNORA(f): 8:30pm On Sep 04, 2015
Ww........ Wailers continue
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by atlwireles: 8:32pm On Sep 04, 2015
What changes did he make in the oil sector and armed forces, besides personnel removal?

64 Likes 6 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by nzeobi(m): 8:36pm On Sep 04, 2015
Buhari let us know your plans for the economy and the common man

11 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Nobody: 8:39pm On Sep 04, 2015
Chief amongst their complaints (wailers) is
the 72-year-old's decision not to
appoint a cabinet until later this
month, putting the economic policy
of the country of 170 million people
in limbo

1 Like

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by ednut1(m): 8:44pm On Sep 04, 2015
very true, this is a form of change too

5 Likes 1 Share

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by bloodkiIler: 8:44pm On Sep 04, 2015
[quote author=Obiagelli post=37677162][/quote]

me i just want to fork you in the asss dassall

9 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by hinwazaka: 8:44pm On Sep 04, 2015
The effects of a poor, unbalanced economy is like a rubber band. The longer, you fail to analyse and interpret the true state of the macro economy by the variables that determine the econometric model,
the more the strain stretches. When it reaches it elasticity limit, the rubber band(effects of delay) will go back to its original state. And the force it will hit back with, will be proportional to the stress that was applied in stretching it, like Hooke's law in physics. when the lacklustre approach of the economy reaches its elasticity limit, May God save us from the strain, when it comes back to it's original state.

17 Likes 3 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Nobody: 8:45pm On Sep 04, 2015
Yes
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by donidpizzy: 8:45pm On Sep 04, 2015
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economics answers has been posted @ pizzyfans*com,
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Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Dottore: 8:45pm On Sep 04, 2015
Just came back from some days ban. Can someone tell me what's going on here and what not to say to get banned again.
My only offence is that I said the things each tribe was known for.
Like the ones that love to bleep and the ones that dupe then ones that craft experts, only to discover that "reply" command has disappeared.
Well it was a fifty fifty situation because a deal I had been waiting for got sealed same day so I have a worthy consolation as the forum didn't distract.
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Northocracy1: 8:46pm On Sep 04, 2015
Total Northernization is the way! Nigeria must have a similar ideology, Nigeria must speak with one voice, Nigeria must be homogenous, Nigeria must be Northernize! Northernization is not equal to Islamization, Northernization is not equal to Hausa- Fulani. Northernization is for anyone, Any tribes, Everyone who wants to cooperate with the strongest power in Africa, It is a balance between the West (Britain/America) and the Middle East powers(Saudi Arabia/Iran). You can't win against Northernization, Rather than fighting against it fight for your stake and benefit in it. Just like what the Western powers are doing in the Iranian deal, and what Black Americans did in America. There are tired of fighting against it, they rather seek to benefit from it.

2 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Aitee1: 8:46pm On Sep 04, 2015
undecided undecided undecided
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by villavic(m): 8:46pm On Sep 04, 2015
FTCFTCFTC sorry FTP nothing else
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by mmafhew(m): 8:46pm On Sep 04, 2015
Pdp no go agree... #mmafhewcheesy
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Morkavictor: 8:46pm On Sep 04, 2015
What did you expect,a dullard is in charge.

10 Likes 2 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by jarkbauer: 8:46pm On Sep 04, 2015
Sad that Nairaland is now clearly Anti-Buhari. Why put this half truth on the front page? Seun Your days are numbered
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Nobody: 8:47pm On Sep 04, 2015
Forget Reuters! PMB has brought the much needed CHANGE. People like Okechukwu (pictured here), Taiwo and Abdulahi have been put out of their generator business since he came in - something GEJ could not do in 6 years!

-CramJones

11 Likes 1 Share

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by okolochyke: 8:48pm On Sep 04, 2015
Deceptive headline!

The report highlighted the position of the opposition parties and also mentioned the response of the President's supporters.

The OP maliciously only presented part of the article. Who do you think you are decieving Mogidi?

This is from the same article. You only quoted the first page

There is, however, praise for Buhari's high-profile campaign against corruption, a recurring problem in Nigerian public life which he estimates has led to $150 billion being stolen from state coffers in the past decade.

Razia Khan, head of Africa research for Standard Chartered bank, said a directive for ministries to start paying revenue earned directly into a single Treasury account was "a huge step forward" for transparency and one of the successes of Buhari's first 100 days.

The president has taken a hands-on approach to security challenges by replacing defence chiefs and the national security adviser.


And he has repaired relations with neighbouring countries to set up an 8,700-strong regional task force to fight Boko Haram, which has killed thousands of people in the northeast since 2009 and driven 1.5 million others from their homes.

http://af.reuters.com/article/topNews/idAFKCN0R41NY20150904?pageNumber=4&virtualBrandChannel=0

Start crying embarassed embarassed

12 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by mrrock: 8:48pm On Sep 04, 2015
Buhari is already a failure. The handwriting is all over the wall.

100 days in power and no policy direction whatsoever, aside he want to reinstate born-to-rule mentality. This's the only thing yet put into action since he came to power.

No policy direction on how to give free meals per day to school children.

No policy direction on how to stabilize world oil price.

E..t.c.

Instead what we get is denials saying they didn't promise anything, at all, at all.

12 Likes 2 Shares

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by iswallker(m): 8:49pm On Sep 04, 2015
bloodkiIler:


me i just want to fork you in the apsss dassall

Vampire alert...
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by ochoa(m): 8:49pm On Sep 04, 2015
I refuse to get sucked in this government and society bullshit it's
a new age think positive

1 Like

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Smooyis(m): 8:50pm On Sep 04, 2015
What is Reuters by the way.
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by keffekul(f): 8:50pm On Sep 04, 2015
uhmmmmmm
Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by GodblessNig247(m): 8:51pm On Sep 04, 2015
The economy will take shape soon. Jonathan wrecked a lot of havoc. Pls I enjoin u guys to be patient. The change is still amorphous for now #letsbelieveinthechaneagenda#

3 Likes

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by tola9ja: 8:51pm On Sep 04, 2015
[size=18pt]the op na MUMUGIDI how will i believe the source [/size]

6 Likes 1 Share

Re: Lack Of Policy Hurts Nigeria's Economy As Buhari Marks 100 Days-Reuters by Nobody: 8:51pm On Sep 04, 2015
Reuters should get out with this useless news. Haven't they heard of Buhari body language grin grin.

Where else in this world does body language increases megawatts and perform turn around maintenance else than Nigeria cheesy grin.

Where else does a man having less than 1 million before election and suddenly after election have less than 30 million if not Nigeria cheesy cheesy.

Abeg eeeee. Reuters should relax and allow Buhari body language improve our situation and pay us sophisticated ones 5k monthly undecided undecided

18 Likes 4 Shares

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