Buhari's Government Lacks Economic Direction, Activists Lament *Say Nigerians are frustrated

-
Buhari's Government Lacks Economic Direction, Activists Lament

*Say Nigerians are frustrated

A group of civil liberty activists today examined the administration of President Muhamnadu Buhari in the last 10 months, describing it as a government that lacks economic direction.

The group made this declaration at a one-day workshop organised for National Assembly Press Corps in Abuja by Policy and Legal Advocacy Centre (PLAC) in collaboration with Department for International Department (DFID).
According to them, Buhari's lack of economic direction has resulted in frustration and desperation of Nigerians for survival at all cost adding that "Buhari's economic policy for now is warehousing naira and nothing more."

Executive Director of PLAC, Clement Nwakwo, in his remark, said Buhari's repeated stance against devaluation of naira despite lingering economic recession, is more injurious to the naira.
According to him, by his insistence that he would not devalue the naira, the president has continued to devalue himself.
He described the attitude as an economic blunder that would further weaken the nation's currency weak against the major foreign currency.
He said: "President Muhammadu Buhari said he was not going to devalue the naira but everybody in this country, everybody in the world has devalued the naira. If you go to a supermarket, it is not the value of naira that you buy a particular product four or five weeks ago that you will buy it today. The price would have changed.

"In effect, the currency has been devalued. The foreign airlines are not selling tickets in naira. They will insist that you buy it in dollar or you will pay at their re-valued rate which is the black market rate.

Comments

Post a Comment

Popular posts from this blog

Court Stops National Assembly From Taking Over Bauchi Assembly

-
Image
As the National Assembly received a report from the committee it sent to Bauchi State to probe the leadership crisis rocking the state assembly since its inauguration last month, the state high court on Monday issued an order of interim injunction ordering that the present Speaker and Deputy Speaker, Abubakar Suleiman and Danlami Kawule respectively,   should continue leading the assembly pending the determination of the suit before it. Justice Muazu Abubakar, who issued the order, fixed October 3, 2019, for hearing of the motion and substantive application filed by the speaker, deputy speaker and other 11 members of the assembly who participated in the assembly election. Abubakar said after listening to and considering the submissions made by the lawyers of the applicants Barrister Jibrin Sa'id Jibrin, A.S Idris and U.K Adam, he hereby ordered that status qou between the parties in the suit be maintained until the determination of the motion on notice. I
Read more

Population of Doctors in Nigeria Hits 74,543

-
Image
  The number of registered medical doctors in Nigeria has risen to 74,543. According to the federal government statistics, as at 2018, the stock of professionally regulated health workers in Nigeria health sector has also recorded a significant increase. The population equates to 36.3 percent of medical doctors per 100,000 population (doctor to population ratio of 1: 2753). Fifty-nine percent of the registered medical practitioners were in good standing with 35 percent being females. While presenting the statistics at a one-day workshop on Nigeria Health Workforce for Universal Health Coverage organised by the Ministry of Health and the World Health Organisation (WHO) in Abuja, Deputy Director, Human Resource Department, Shakuri Kadiri, said there is a variation in the distribution of medical doctors by state of practice from the reported 2012 density. He said: "The density of medical doctors presented is based on the number of doctors in good stan
Read more

UBEC Board Chairman, Daughter Freed from Captivity

-
Image
The Board Chairman of the Universal Basic Education Commission (UBEC), Dr. Muhammed Mahmoud, and his daughter were on Tuesday released by their abductors. Mahmoud, his daughter and several other travellers were abducted last Monday on the Kaduna-Abuja expressway when suspected bandits open fire at them. The UBEC boss’ driver was said to have been killed during the incident. There has been no information about other commuters who were abducted by the bandits. Mahmood's freedom was confirmed in a telephone interview by Hussaini Danladi, a relation, who said they were freed from captivity at about noon yesterday. Danladi, however, did not say whether a ransom was paid before their release. The kidnappers seemed to have taken over the Kaduna-Abuja expressway which has been deserted by travellers following the deadly activities of the criminals-kidnapping, armed robbery among others Despite the massive deployment of security of personnel on t
Read more