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Nigeria Economy In Trouble, Buhari Lacks Solution—Fayose

By Lere Olayinka
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Ekiti State Governor, Mr Ayodele Fayose has raised alarm over the imminent collapse of the county’s economy, saying the President Mohammadu Buhari led All Progressives Congress (APC) government was yet to show any sign that it has any solution to the dwindling economy.

The governor, who called on Nigerians to prevail on President Buhari to stay at home and govern the country, said it was the height of insensitivity to the plight of Nigerians that the President, who just returned from trips to France and United Kingdom will again be traveling to Egypt, Saudi Arabia and Qatar from February 20 to 27, spending seven days out of Nigeria in what they called “three-nation tour.”

Speaking through his Special Assistant on Public Communications and New Media, Lere Olayinka, the governor lamented the lack of a clear cut economic direction from the Federal Government, saying; “It is worrisome that President Buhari does not have any economic team and there is no policy direction yet, despite spending close to nine months in office.”

He said; “the implication of the President’s obvious lack of the required mental capacity to tackle the nation’s economic problems and the resultant effects are human right abuses, prices of goods and services skyrocketing, daily retrenchment of workers, folding up of businesses, States finding it difficult to pay workers salary and the Federal Government not being able to prepare common budget.”

The governor described what is being experienced by Nigerians as the

sum total of President Buhari's mental capacity, adding that; “With

President Buhari, Nigeria is definitely having a square peg in its

round hole.”
“Dollar has gone double since Dr Goodluck Jonathan left office, with

US Dollar exchanging for N350 as at today, Foreign Reserve is

declining on daily basis, Boko Haram insurgents have come back even

stronger than they were when Buhari assumed office and Nigerians are

now being made to pay more for electricity that is not available for

them to use.
"Most importantly, prices of foodstuffs, newsprint, medicine among

others have gone over the roof. Should we still continue to attribute

all these to Jonathan or the Peoples Democratic Party (PDP)?

“Even former Central Bank Governor (CBN) and Emir of Kano, Sanusi

Lamido Sanusi is saying that President Buhari’s anti-corruption stance

is totally inconsistent with the forex regime he supported and that

the Federal Government Forex Policy encourages corruption and

rent-seeking.
“Funny enough, some people are already talking about President

Buhari’s second term not minding the reality that anybody thinking

about Buhari's second term is only planning to snuff life out of

Nigerians,” the governor said.
While urging the president to focus more on the dwindling economy and

stay at home to attend to critical issues, Governor Fayose said;

“Travelling from one country to another won’t solve any of our

problems because I have not seen where foreigners assist any nation to

develop.
“The President should know that Nigerians are suffering and they do

not need their President to junket around the world, to alleviate

their sufferings.”