Bloomberg Questions Buhari's Ability To Rule Nigeria - Politics - Nairaland
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| Bloomberg Questions Buhari's Ability To Rule Nigeria by naijaking1: 4:55pm On Feb 20, 2016 |
http://www.nigerianbulletin.com/threads/bloomberg-questions-buharis-ability-to-run-nigeria.167383/ [size=18pt]Bloomberg Questions Buhari's Ability to Run Nigeria[/size] International financial and business news giant, Bloomberg, has published an article which questions President Muhammadu Buhari's major decisions since May 29,2015. When Muhammadu Buhari clinched victory in Nigeria’s presidential elections in March, stocks soared as investors looked to the former military ruler to reverse decades of economic mismanagement and policy inertia. Now hopes have fizzled in his ability to turn around Africa’s largest economy and oil producer. Money that flowed into stocks and bonds in the West African nation, which McKinsey & Co. says could become one of the world’s 20 biggest economies by 2030, is now fleeing as growth prospects diminish along with oil prices. While Buhari, 72, has prioritized stamping out the graft that has plagued Nigeria since independence from Britain in 1960, policy-making appears as uncertain and haphazard as ever. “After the initial euphoria, people have become disillusioned,” Ayodele Salami, who oversees about $500 million of African equities as chief investment officer of London-based Duet Asset Management Ltd., said by phone. “He would probably say that he’s being deliberative and cautious. But we expected more.” Duet’s Africa fund has cut its investments in the country to about 24 percent of the total from 38 percent in the last year. Buhari waited five months before naming his cabinet, hasn’t proposed a clear plan to revive growth and backed foreign-exchange controls aimed at defending the naira. His retention of gasoline subsidies, plans to raise spending in the face of declining revenue and silence about a $5.2 billion fine levied on mobile-phone operator MTN Group Ltd. have added to investor unease. Nigeria’s benchmark stock index has plunged 22 percent since reaching a year-high on April 2, the day after Buhari was declared the winner of the presidential race against incumbent Goodluck Jonathan. That’s the third-worst performance globally in the period, after the bourses in Ukraine and Egypt. The index advanced 12.5 percent in the two days after Jonathan conceded. 8 Likes 2 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by northvietnam(m): 4:57pm On Feb 20, 2016 |
Expecting any thing from Buhari is like asking A jambite to perform a HEART Surgery or Inviting an Imam to Shiloh to give a sermon on The resurrection of Jesus Christ.. Daura Dullardinhoo Ever liveth .... 39 Likes 4 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Tkester: 5:00pm On Feb 20, 2016 |
Bloomberg is a wailing newspaper in the mind of deluded sai bubu chantersl 26 Likes 2 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by ApcSucks: 5:07pm On Feb 20, 2016 |
Sauce or? |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by ozoigbondu: 5:28pm On Feb 20, 2016 |
Bubu cannot lead because he is a dullard and surrounded by incompetent praise singers 26 Likes 3 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Nobody: 5:30pm On Feb 20, 2016 |
Why's bloomberg all up in Nigeria's business? |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by baby124: 5:36pm On Feb 20, 2016 |
MAROC:It's very suspicious isn't it. The fact is Nigeria is a very big market. And if they cannot flood Nigeria with foreign substandard goods, there is an impact on foreign investors instead of on Nigeria 4 Likes 1 Share |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Saifullah01: 6:24pm On Feb 20, 2016 |
They once questioned China for manipulating their currency. We know where that got China. China today is not just a net exporter but a mass exporter 6 Likes |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by zurine(f): 8:49pm On Feb 20, 2016 |
hmm |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Jirate(m): 9:01pm On Feb 20, 2016 |
ozoigbondu: I Concor 11 Likes 1 Share |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Splashme: 9:06pm On Feb 20, 2016 |
[size=14pt]This is the worst Nigerian govt since I was born[/size] 29 Likes 2 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Leboska(m): 9:34pm On Feb 20, 2016 |
That thing is really terrible. |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Remii(m): 9:42pm On Feb 20, 2016 |
ozoigbondu: Since I was not graded until I finished one semester in the university, I will not judge this govt until they implemented at least one of budget. |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by LRNZH(m): 9:46pm On Feb 20, 2016 |
MAROC: baby124: Saifullah01: My thoughts as well. These foreigners are looking for where they can make quick cash and get out. While we appreciate their business, we should not sit and watch them rape our economy. 2 Likes |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Mintek: 9:46pm On Feb 20, 2016 |
MAROC: baby124:[/b] Impact not on Nigeria? Yet $1 exchanges for N400 while general inflation persists? I heard earlier today that a bag of rice now sells for between N14,500 and N15,000...and you think the impact is not on Nigeria? Can't we for once put party affinity aside and reason sensibly, or do APC loyalists buy items at lower rates in the market? Suffering and smiling. *SMH* 17 Likes 4 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by AyakaDunukofia: 9:50pm On Feb 20, 2016 |
The man Buhari has not managed any modern organisation/business in the 30 years leading to his victory at the polls. He doesnt read, wasn't intellectually prepared to be the CEO of a big economy as Nigeria. His quest for power was trivially based on a primordial, primitive, ethno religious sense of ownership. It-is-my-turn mentality. On the other hand, his other hope was to rely on a bunch of individuals from a select part of the country to help him steer the wheels of the economy. This also backfired. He must make dramatic changes in these appointments or he's going no where. 20 Likes 5 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Pavarottii(m): 10:40pm On Feb 20, 2016 |
Sometimes I wonder what people are expecting from a man that did not go to school to lead the largest black populated country in the world. Buhari is an illetrate. Nothing good can come out for a sensitive position like the presidency. He should go rear his cows. That's wat he is; a FULANI CATTLE REARER 15 Likes 2 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Pavarottii(m): 10:47pm On Feb 20, 2016 |
baby124:Dumbest post in NL for the day. Go sch, u no gree go. 10 Likes 3 Shares
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| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by dunkem21(m): 10:53pm On Feb 20, 2016 |
Mintek: Obiagelli, I think you should read this .. People are suffering .. ..abi e no reach una side sef  9 Likes |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by dechriscool(m): 10:59pm On Feb 20, 2016 |
Buhari wasn't prepared for governance.It was obvious when it took him 6 months to appoint his ministers.His self centerness in appointing his cabinets of northerners as the only non corrupt and able people is his greatest undoing. He got no good economic team thus can get good economic policies.If he is ready to rule,he should overhaul his entire team and bring in able,competent and trust worthy people irrespective of ethnic divides. 8 Likes 2 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by peacengine(m): 11:00pm On Feb 20, 2016 |
Splashme: Me too 9 Likes 1 Share |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by sdindan: 11:14pm On Feb 20, 2016 |
Bloomberg is an IPOB's media house >>>> Zombies 9 Likes 1 Share |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by naijaking1: 11:20pm On Feb 20, 2016 |
Tkester: MAROC: No be so. Bloomberg was once very supportive of Buhari as a candidate. Just like Obama and his state department that threw everything into making sure Buhari was elected as our president. 3 Likes |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by misterawo: 1:23am On Feb 21, 2016 |
I thought zombies hailed the $5.2B fine on MTN? They thought that it will show them that it is no more business as usual, not minding the impact of the move on other investors. The deed has been done already. If you sow a wind, you reap a whirlwind. 7 Likes 2 Shares |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by misterawo: 1:26am On Feb 21, 2016 |
Seun, Obinoscopy and Lalasticlala. . .do you agree with Bloomberg? 1 Like |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Nobody: 1:40am On Feb 21, 2016 |
Tkester:We go see weather by this time next year, u go still dey say sai baba? U will b singing sai hunger 1 Like |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by naijaking1: 1:42am On Feb 21, 2016 |
Grinch: That's a good one |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by Rossikk(m): 2:19am On Feb 21, 2016 |
Saifullah01: Thank you. When the likes of Bloomberg advise you to go left, take that as a signal to go right. |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by slimfit1(m): 2:32am On Feb 21, 2016 |
President Buhari is on track no shaking my people. We know that they benefited from our failures and clueless government they are complaining now that the money is dry. We know people that works for them abi Jonas agents we know them now. |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by naijaking1: 2:37am On Feb 21, 2016 |
slimfit1: Yes, he's on track, the track leading to Egypt, Germany, South Africa, Chine, India, Britain, USA, Italy, etc. He needs to get off the track and settle down to rule and fullfill his campaign promises. 7 Likes 1 Share |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by grandstar(m): 2:42am On Feb 21, 2016 |
Tkester: Mr Bloomberg can run Lagos with his wealth for 4years and will still have change. The paper just said the truth 5 Likes |
| Re: Bloomberg Questions Buhari's Ability To Rule Nigeria by grandstar(m): 2:45am On Feb 21, 2016 |
LRNZH: Your currency is going 400 and you are still saying foriegner. Do you need a foriegner to tell you that being paid 197 for your WU is unfair? 5 Likes |
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