The Economist Accuse Buhari of Making The Same Mistakes He Made as A Dictator 30 Years Ago!
History had it that Buhari refused to bow down to western pressure in the past that lead to supporting opposing forces that removed him from office in a bloodless coup d’etat. Is history about to repeat itself again ? The west is good at imposing its form of economic hegemony on countries and if those countries refuse to bow down to its economic policies, then regime change follows.
The good news however is we have other global players or emerging markets like China and Russia to run to but it will be tough before it gets better. As it is, the major powers are also in an economic war with the Empire.
President Muhammodu Buhari has been blamed by The Economist for committing the same errors he made as a dictator, amid his first coming as Nigeria’s leader, 30 years back.
The Economist opined that Buhari can be overlooked for “being unfortunate” yet “not for neglecting to learn from his past oversights.
As an accused dictator, Buhari opposed depreciating the Naira, which he doing once more. At that point, as now, he opposed what he called the “intense pill” of cheapening. At the point when, thus, remote money ran short, he apportioned it and cut imports by more than half. At the point when Nigerians swung to the bootleg market he fixed the nation’s fringes. At the point when unemployment surged he ousted 700,000 migrants.
See what the Economist wrote when you continue after the page break.