Nigerian government finally admitted the obvious fact that the country is in recession. I think Nigeria has been in recession for more than a year. Nigerians are suffering greatly. The cost of basic necessities has tripled due to lack of foreign currency needed for imports. It is unfortunate that Nigerians import most basic necessities. Business …
Tag Archive: floating exchange rate
Unrealistic Expectations from President Buhari Administration
Nigerians had unrealistic expectation from the inception of President Buhari’s administration. Some even naively felt that he could perform magic and fix Nigeria problems overnight. It has been more than one year and Nigeria economic problem appears to have gotten worse from all available economic indicators. Why is Nigerian economy in such dire stress? The …
President Buhari’s one Year in Office
It is too early in the life of president Buhari’s administration to judge whether it will be a successful administration or not. The most important thing in the life of a new administration is to analyze policies already in place to see if the government is laying a solid foundation for the future of the …