Buhari has failed woefully and miserably — Lamido

The medical condition that took Buhari to Germany- Dr Junaid Mohamed

Former Jigawa State Governor, Sule Lamido, has described the APC led government as a blend of strange bedfellows.

Alhaji sule, who has a presidential ambition also reiterated that his ongoing trial will not stand between him and his aspiration.

“In the next three years, those being sheltered, protected and favored against those who are now being seen as human things instead of human beings – their activities would be looked into by another government.

Read Also: Buhari admits he mismanaged Nigeria’s economy.

“We the politicians are the ones maligned as corrupt. Corruption is not a civilian culture, it is a culture instituted by the military.

“The APC has failed woefully and miserably.

Although Sule Lamido was diplomatic in calling the Buhari led administration as an outright failure, Bloomberg bared it all.

According to Bloomberg, “Although Nigeria is still Africa’s largest economy, Buhari’s economic performance is abysmal.

“Even after a 30 percent devaluation of the naira last month knocked almost $150 billion off its gross domestic product when measured in dollar terms.

“South Africa, which has regained second place after overtaking Egypt, is closing the gap.

“While South African economy also shrank, the gap with Nigeria has narrowed to $60 billion now from $170 billion at the end of 2015.

“Nigeria’s economy could contract this year and President Muhammadu Buhari’s government is seen as having few plans in place to turn the slump around.

“That’s the missing link and we haven’t heard enough on how they are going to improve and make the business environment more conducive.

“There has been little color on fiscal policies to drive the growth agenda,” Bloomberg said.

“A lot of what has gone wrong in the economy – notably fuel shortages and oil output disruptions.

“This year is going to be terrible for the economy no matter what they do.

Read Also: The United States deal that made Buhari president.

“The goal of policy now is damage limitation rather than sustained growth,” Bloomberg stated.

Bloomberg also stated that the top three performing currencies of 2016 (worldwide) the Brazilian real, the Russian rubble and the Japanese Yen.

Topmost performers in Africa are South African rand, Zambian kwacha, Somali shilling and Botswana Pula.

The Nigerian naira straddles the base of currencies in Africa.