What’s gone wrong with Nigeria’s economy? | Next Africa
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- Опубликовано: 8 сен 2024
- It should be Africa’s powerhouse, with major oil reserves and the continent's largest population. But Nigeria is facing the worse economic crisis in a generation. President Bola Tinubu has responded with radical reforms but, whilst seen by economists as the right thing to do, the measures are for now exacerbating the pain from the economic crisis and, one year into his term, Tinubu faces growing protests. So what’s gone wrong in Nigeria and does the government have the political will to fix it? Bloomberg’s Nduka Orjinmo in Abuja joins Jennifer Zabasajja with the latest from Nigeria
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I love your fairly balanced perspective. I wish we could get the same perspective from other foreign agencies
Do you really know what is going on in Nigeria to even suggest these wicked policies would work?
There is hunger in the land and he keeps telling Nigerians to be patient ? Does hunger know patience? Thousands of Nigerians are dying of hunger by the day. Short term pain? Do they experience the short term pain in Aso rock? What about the members of the parliament and their lavish lifestyles and extravagance?
Will never do well
NIgeria's economy was in bad shape during Buhari's regime , but it got much worse during Tinubu's regime. The main crux of the problem is the removal of the fuel subsidy, which caused an unprecedented high level of inflation. The fuel subsidy has to be back for the economy to be stabilised, we all know that subsidies are enjoyed by citizens of even the most advanced nations of the world. And where is the subsidy going??!
but why did they remove it
Timing stole Lagos state blind and is still doing so through his tax collecting company...he did not build a single thing in Lagos...d man is a career criminal.