US Wall Street Journals has published an article on
its website which was authored by Pete Hoekstra
describing Nigerian President, Mohammadu Buhari
as “Nigeria’s problem and not its solution.”
its website which was authored by Pete Hoekstra
describing Nigerian President, Mohammadu Buhari
as “Nigeria’s problem and not its solution.”
The article accused President Buhari of stiffness,
lack of vision and reactive approach to issues.
It reads, “Nigerian President Muhummadu Buhari
writes 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 administration’s
inflexibility, lack of vision and reactive approach
will achieve this. Mr. Buhari notes 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 officials,
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outdated monetary policy has been crippling.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. Buhari makes only brief mention of the
country’s deteriorating security situation. But
security and stability are precursors to economic
growth and development.
“Boko Haram 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.”
http://dailypost.ng/2016/06/17/buhari-is-nigerias-problem-not-its-solution-us-wall-street-journal/
