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.