A
abujagirl
Guest
An article by the Bloomberg View is blaming President Muhammadu Buhari for Nigeria's economic woes.
The article published by the Editorial board of the media house said Nigeria's economy needs visionary leadership and ''Africa and the world cannot afford a failing economy in the continent’s most populous nation''
The article went on highlight President Buhari's disastrous move in controlling the country's foreign reserves. ''Despite allowing the devaluation of the naira in June, it is continuing to manipulate the exchange rate -- discouraging foreign investors, creating a crippling shortage of dollars for businesses that need to import, and feeding a currency black market. ''
The article added that Buhari's rigid leadership style was hurting Nigeria's economy and the President will need to be more flexible if the country must make economic progress.
The article published by the Editorial board of the media house said Nigeria's economy needs visionary leadership and ''Africa and the world cannot afford a failing economy in the continent’s most populous nation''
The article went on highlight President Buhari's disastrous move in controlling the country's foreign reserves. ''Despite allowing the devaluation of the naira in June, it is continuing to manipulate the exchange rate -- discouraging foreign investors, creating a crippling shortage of dollars for businesses that need to import, and feeding a currency black market. ''
The article added that Buhari's rigid leadership style was hurting Nigeria's economy and the President will need to be more flexible if the country must make economic progress.
