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Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg - Politics - Nairaland

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Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by KingOvo(m): 10:28am On Feb 09, 2019
Voters need to choose between a pair of uninspiring presidential candidates, neither offering a fix for its struggling economy.

What’s a Nigerian citizen to do when there’s a presidential election coming up and the two leading candidates are a former dictator who’s presided over four years of lackluster growth and an alleged kleptocrat of international repute?

This is the choice facing Africa’s largest oil producer, and by some measures its largest economy, in the Feb. 16 vote. Although the field is crowded, incumbent Muhammadu Buhari, 76, faces his strongest challenge from Atiku Abubakar, 72, who served as vice president from 1999 to 2007 and has tried and failed several times already to secure the top job.

Buhari, who led Nigeria briefly in the 1980s as a dictator, came back to power four years ago via the ballot box. After military rule ended in 1999, he contested several elections unsuccessfully before finally becoming the first opposition figure to win the presidency. (He describes himself as a “converted democrat.”) Voters and pundits alike were optimistic that he could diversify the oil-dependent economy, tackle graft, and end Boko Haram’s deadly insurgency. While the stern former general has succeeded in stamping out some of the corruption that’s long blighted Nigeria, critics say he’s been selective, mostly targeting his political opponents. They also say he’s failed on other issues, nicknaming him “Baba Go-Slow” in reference to his age and sluggish response to crises.
Nigeria’s economy is still smaller on a per capita basis than it was in 2014, when it was hammered by the crash in crude prices. Unemployment has surged to a record 23 percent from 6.4 percent at the end of 2014. The stock market has been the world’s worst performer since Buhari came to office, falling more than 50 percent in dollar terms. Boko Haram militants, some affiliated with Islamic State, continue to wreak havoc in the northeast. Other parts of the country have been roiled by a conflict between farmers and herders that’s led to thousands of deaths.

Abubakar, widely known as Atiku, is a father of 26 who has business interests ranging from oil and gas services to food manufacturing. He’s pledged to loosen the state’s grip on the economy, end the naira’s peg to the dollar, and privatize companies including the Nigerian National Petroleum Corp., which dominates the local energy industry. But for all his market-friendly talk—he admires the late Conservative U.K. Prime Minister Margaret Thatcher—many Nigerians think he used his past positions in government to enrich himself.

“It’s like a choice between the devil and the deep blue sea,” says Andrew Niagwan, 36, a teacher in the central city of Jos who doesn’t know if he’ll vote. “Buhari’s got good intentions, but he doesn’t seem very capable. Our living standards have dropped in recent years. As for Atiku, Nigerians are wary because of all the allegations surrounding him.”

A U.S. Senate report in 2010 concluded that Abubakar and one of his wives had wired $40 million of “suspect funds” into American accounts and said that his business dealings “raise a host of questions about the nature and source” of his wealth. Although he has denied the claims and has never been indicted at home or abroad, Abubakar hasn’t been able to shake the perception of impropriety. In January he met with lawmakers in Washington after having been banned from the country for more than a decade under a State Department edict against politicians linked to foreign corruption, according to former U.S. officials. (A spokesperson for Abubakar’s campaign denies he’d been banned from the U.S., and the State Department declined to comment on the visit.)

Investors expect Nigerian assets to rise if Abubakar wins. “As much as Buhari has done in terms of tackling corruption, under his guidance the economy has been quite stagnant,” says Christopher Dielmann, an economist at Exotix Capital in London. “The perception is that, under Atiku, a degree of corruption could return to the country, but that might bring with it higher economic growth.”
Still, any bounce could be short-lived. Abubakar may not risk the political fallout from trying to sell state assets or, as he’s also promised, removing a cap that keeps Nigeria’s gasoline prices among the cheapest in the world.

“I’m doubtful there’d be any great change with the economy, no matter who gets elected,” says John Campbell, a former U.S. ambassador to Nigeria who’s now a senior fellow at the Council on Foreign Relations in Washington. That’s a major problem, he says, as the United Nations projects Nigeria’s population will double, to 410 million, by 2050. “How on Earth can you grow an economy fast enough to accommodate those numbers?”

New York-based risk consultant Eurasia Group, which included Nigeria on its list of the top 10 global risks for 2019, predicts Buhari will be reelected. But even if steadier oil prices mean the worst is over, it won’t be an easy four years. “The country might just muddle through for now,” says Amaka Anku, head of Africa at Eurasia. The next election, in 2023, could be an inflection point, she says. “There’s a real chance that a reformist government emerges then."

BOTTOM LINE - No matter who wins Nigeria’s presidential election, the economy is unlikely to improve, setting up the nation for a humanitarian catastrophe in the coming decades.

Source: https://www.bloomberg.com/news/articles/2019-02-08/nigeria-s-tough-decision-former-dictator-or-alleged-kleptocrat?srnd=premium-africa

15 Likes 7 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Biafrannuke: 10:42am On Feb 09, 2019
Boycott the zoo !
Sit at home!

39 Likes 5 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Esseite: 10:47am On Feb 09, 2019
While they call him "alleged"... he was in the USA and even at that, the highest private employer of labour in adamawa, but the other is still the Dictator even in 2019.

How many politicians can Nigeria boast of investing even 50% in Nigeria?.... but here you have aspirants economically attached to Nigeria and some even feel otherwise.

If Nigeria goes down, Atiku/Obi goes down, while Buhari just jets off to Seychelles to feel the ocean breeze.

Get Atikulated..

253 Likes 19 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by TheTourist: 11:24am On Feb 09, 2019
GET ATIKULATED NOW. THE EARLIER THE BETTER.

123 Likes 6 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Nobody: 11:26am On Feb 09, 2019
Buhari’s Dictatorship not in question

Atiku’s kleptocracy is however alleged

Bloomberg said it all in their heading

178 Likes 13 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by GMPO(m): 11:28am On Feb 09, 2019
Reading through this brief article you will realize that all nigeria need to come out this economy downturn, is to send buhari out of the Govt.Every sane Nigeria and the international community is knows buhari policies have wrecked our once robust economy.buhari is destroyer of good things in nigeria.let's Get Nigeria Working Again.Vote Atiku Abubakar For President.

160 Likes 9 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by GoldChest(m): 11:29am On Feb 09, 2019
Alleged

The messsage is clear

But Buhari is a well known dictator who shouldn't have been elected president in the first place .

Bloomsberg can never go wrong .

91 Likes 4 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Babalawoniger: 11:50am On Feb 09, 2019
You can still play along with the devil you know than to go under the blue sea. God forbid.
Atiku is not an option.

38 Likes 4 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by molade2019: 12:11pm On Feb 09, 2019
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Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Firefire(m): 12:11pm On Feb 09, 2019
Wow!

“Trend analysis shows it is likely to take a massive rigging with collaboration with FGN security apparatus for Buhari to win. If the election is free, fair and credible, that feat will be difficult to achieve.

Here is why:

FACTCHECK: When the Buhari's image was intact without coalition, the largest votes he got couldn't make him President, until a coalition of forces and interests along with the masses made it happen in 2014/2015.

Today, due to inability of Buhari to show that he is competent to pilot the affair of this nation, 60% of the coalition that brought him to power had collapsed and they have left him.

DATELINE:

In 2003
Obasanjo: 24,456,140
Buhari: 12,710,022
MARGIN:12,746,118

2007
Yar'Adua: 24,638,063
Buhari: 6,605,299
MARGIN: 18,037,764

2011
Jonathan: 22,495,187
Buhari: 12,214,853
MARGIN: 10,280,334

2015
Buhari: 15,424,921
Jonathan: 12,853,162
MARGIN: 2,571,758

The margin of defeat had always been above 10 millions without coalition, even with coalition, the margin of winning is just 2.5 millions.

So, tell me now that the coalition had collapsed.”

14 Likes 1 Share

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Ayoswit(f): 12:11pm On Feb 09, 2019
My fellow atikulators above have just said what was in my mind. Atiku is alleged to be a kleptomaniac but buhari is a known dictator.

44 Likes

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by martineverest(m): 12:11pm On Feb 09, 2019
chai...kleptocrat..that adjective/noun is a perfect description of Atiku



I prefer incorruptible dictator

26 Likes 4 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by handie(m): 12:11pm On Feb 09, 2019
Omo see title. Kleptocrat of international repute. Hahahaha..... Atiku don suffer sha. I will always say it; No matter what Atiku does, the corrupt perception will always hang on his neck...... Buhari might not have gotten it 100 percent right but who's better between an incoruptible man who has made some significant changes with limited resources and a kleptocrat of international repute who would most probably have used the available resources in a kleptocratic manner? I leave the choice to u my fellow Nigerians

53 Likes 7 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by freemanbubble: 12:12pm On Feb 09, 2019
Okay
Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by 6lam(m): 12:12pm On Feb 09, 2019
Dumb citizens. The number of votes Buhari will get translates to the number of unintelligent people in this nation. As for Buhari supporters, deep down you all know something is wrong with you. Atiku on the other hand is just a tad better than Buhari.. oloriburuku kan noni gbogbo wan.

31 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by atakamus: 12:12pm On Feb 09, 2019
Former dictator is better. God forbid a thief winning.

20 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by okeamuboy: 12:13pm On Feb 09, 2019
GoldChest:
Alleged

The messsage is clear

But Buhari is a well known dictator who shouldn't have been elected president in the first place .

Bloomsberg can never go wrong .
A dictator is better than a kleptocrat any day.

28 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by etrouble: 12:14pm On Feb 09, 2019
Biafrannuke:
Boycott the zoo !
Sit at home!

Only animals live in Zoo. Your parents are living in the so called Zoo. That means they are......

16 Likes 1 Share

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Nobody: 12:14pm On Feb 09, 2019
Kleptocrat of International repute.. grin grin
Bloomberg has finished athiefku

18 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Numlock: 12:14pm On Feb 09, 2019
Allege, which means without proof.


I'm voting for Atiku, no going back to a dictator.

33 Likes 1 Share

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Tetehjewels: 12:14pm On Feb 09, 2019
See finishing.

Kleptocrat shocked

8 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by HenryO2(m): 12:14pm On Feb 09, 2019
LIKE FOR ATIKU.......share for buhari

49 Likes 19 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Tunasco4u(m): 12:14pm On Feb 09, 2019
OK
Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Numlock: 12:14pm On Feb 09, 2019
okeamuboy:

A dictator is better than a kleptocrat any day.

Waste of school fees.

You see allege, I bet you don't know the meaning.

42 Likes

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by princetom1(m): 12:15pm On Feb 09, 2019
Esseite:
While they call him "alleged"... he was in the USA and even at that, the highest private employer of labour in adamawa, but the other is still the Dictator even in 2019.

How many politicians can Nigeria boast of investing even 50% in Nigeria?.... but here you have aspirants economically attached to Nigeria and some even feel otherwise.

If Nigeria goes down, Atiku/Obi goes down, while Buhari just jets off to Seychelles to feel the ocean breeze.

Get Atikulated..

After u read this article finished, is this all u can type? Ur reasoning low than Buhari own... The only way to avoid the 2 calamity is to vote AAC, Vote Sowore

8 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by etrouble: 12:15pm On Feb 09, 2019
My vote is for the Dictator. I will never leave my door open for the Kleptomaniac.

15 Likes 2 Shares

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by dapillar: 12:15pm On Feb 09, 2019
What kind of fuckery is this? How dare you insult a whole ATIKU? Is he your mate? You are a mad man oya chop am.

2 Likes

Re: Nigeria’s Brutal Decision: Former Dictator Or Alleged Kleptocrat - Bloomberg by Tetehjewels: 12:16pm On Feb 09, 2019
Esseite:
While they call him "alleged"... he was in the USA and even at that, the highest private employer of labour in adamawa, but the other is still the Dictator even in 2019.

How many politicians can Nigeria boast of investing even 50% in Nigeria?.... but here you have aspirants economically attached to Nigeria and some even feel otherwise.

If Nigeria goes down, Atiku/Obi goes down, while Buhari just jets off to Seychelles to feel the ocean breeze.

Get Atikulated..


Alleged, yet he wants to die if he does not sell nnpc and enrich his friends.

13 Likes

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