See article below:
Nigerian President Muhammadu 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 Buhari’s ideas to rebalance the economy and regenerate growth, his damaging and outdated monetary policy has been crippling.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.
Pete Hoekstra
Senior Fellow
The Investigative Project on Terrorism
Washington
Mr. Hoekstra was the former chairman of the U.S. House Intelligence Committee from 2004 to 2007. Click to signup for FREE news updates, latest information and hottest gists everyday
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A typically ignorant wall street journalist. Highly irresponsible article.
ReplyDeleteYou are a fundamentalist supporter who are evidently allergic to reasoning and have no value for facts.
DeleteMuyiwa,you are only one of the supporters who are evidently allergic to reasoning and have no value for facts.
DeleteMr. Pete or whatever you call yourself if writing journal is that easy without any evidence or bases. How many times did you write or question the activities of your country that harbours our stollen funds. Or are you ignorant of the fact that all stollen funds are kept in your country? . please do your homework well before you write your nonsense or better write to your country to return our stollen fund. Ole
ReplyDeleteDon't mind the useless, animalistic, bribed and corrupt journalist.
ReplyDeletePut ur differences aside and go through his message carefully before drawing ur line.
ReplyDelete@ Muyiwa; It's unfortunate u lack understanding, Buhari is our main problem for placing restriction on forex trade which has caused a lot of businesses to wind up and a lot of foreign investors to flee the country, that is one aspect. Another aspect is borrowing $2.1bn and also budgeting N200bn for the development of the north east while budgeting just N20bn for the owners of the oil through which Nigerian project is being financed, what do u expect of the people of the Niger-Delta? Militancy will definitely start. In the case of Biafra, why detain their leader who has been granted bail by a competent court of jurisdiction and also continued killing their supporters? As the president of all why make unguarded statements like fovouring 97% that voted for u at the detriment of the 5% that didn't vote for you knowing fully well that the 5% owns the nations wealth? All PMB's appointments have been loop sided, so why say the Wall street journal's publication is irresponsible? Your brain needs to be examined.
ReplyDeleteUnprofessional journalism. Buhari can only be a problem to the corrupt Nigerians and not Nigeria.
ReplyDeleteNigerians especially the ones that have drop comment on this blog is a fool you all will die of hunger mumu fellow who told you guys that the journalist is wrong you guys should keep fooling around with the facts on ground
ReplyDeletefundamentalist supporters who are evidently allergic to reasoning and have no value for facts.
ReplyDelete