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‘Buhari Is Nigeria’s Problem, Not Its Solution’ By Pete Hoekstra Of Wall Street Journal

‘Buhari Is Nigeria’s Problem, Not Its Solution’ By Pete Hoekstra Of Wall Street Journal

U.S Wall Street Journal shared an article on its website written by titled “ Buhari Is Nigeria’s Problem, Not Its Solution”. The article accused President Buhari of Inflexibility, lack of vision and reactive approach to issues.
Below is the article as written on their website:

Nigerian President Muhummadu Buhariwrites of building an economic bridge to Nigeria’s future (“The Three Changes Nigeria Needs,” op-ed, June 14). It’s hard to see how his ’s inflexibility, lack of vision and reactive approach will achieve this. Mr. Buharinotes that building trust is a priority for Nigeria.

But an anticorruption drive that is selective and focused on senior members of the opposition party creates deep political divisions. Meanwhile, members of Mr. Buhari’s own cabinet, accused of large-scale corruption, walk free. Seventy percent of the national treasury is spent on the salaries and benefits of government , who make upwards of $2 million a year. As for Mr. Buhari’s ideas to rebalance the economy and regenerate growth, his damaging and outdated monetary policy has been crippling.

The manufacturing sector, essential to Nigeria’s diversification, has been hardest hit, exacerbating an already fast-growing employment crisis. Foreign investors have started to flee en masse. Mr. Buharimakes only brief mention of the country’s deteriorating situation. But and stability are precursors to economic growth and development. has been pushed back for now, but little attention is paid to the structural issues that have spurred its rise.

Instead, the Nigerian government has diverted much-needed military resources to the Niger Delta, where rising militancy has reduced Nigeria’s oil production to less than half the country’s capacity, and half the amount required to service the national budget. Much of these tensions arise from Mr. Buhari’s decision to cut amnesty payments to militants and an excessively hard-line approach in a socially and politically sensitive environment. Other ethnic tensions are also growing. In the country’s south, protests have been met by a bloody response from the Nigerian military, stoking the fire and galvanizing support for an independent state of Biafra. Rising tensions could again pose one of the greatest threats to Nigeria’s stability and future.






Source: WSJ

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Gbolahan Adeyemi

Gbolahan Adeyemi is a writer for Okay Nigeria. A budding individual with the strive to share and inform the masses with contents relating to their beliefs, lifestyle and all about the entertainment.

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