October 30, 2020 | EASTERN PILOT Report By: Adefemola Akintade Top American Economist, Steve Hanke has dealt President Buhari’s administrat...
October 30, 2020 | EASTERN PILOT
Report By: Adefemola Akintade
Top American Economist, Steve Hanke has dealt President Buhari’s administration a low blow after he described his governance a failure that has plunged Nigeria into deep financial crisis. Hanke who is an Applied Economist at John Hopkins university in Baltimore, used a graph to show that inflation rate increases by 30 per cent annually in Nigeria.
The Professor characterized Buhari-led administration by banditry, insecurity, high unemployment rate and corruption, claiming the President has failed his people. Hanke, a former columnist on Forbes magazine and Senior Adviser to former US President Reagan said it was frightening that Nigeria’s unemployment rate stood at 27.1 percent with no solution in view.
The Financial Expert who made his analysis in a tweet has had over 12,000 retweets with many Nigerians and foreigners backing up his claims.
Steve Hanke tweeted:
.@MBuhari has failed. #Nigeria is in the grip of chaos. Bandits control major highways. The government can’t protect its own citizens from #BokoHaram or the #Corrupt police. #Unemployment stands at 27.1%, and #Inflation - which I accurately measure every day - soars at 30.37%/yr. pic.twitter.com/LZOzHWkiau
— Prof. Steve Hanke (@steve_hanke) October 28, 2020
' .@MBuhari has failed.
#Nigeria is in the grip of chaos.
Bandits control major highways.
The government can’t protect its own citizens from #BokoHaram or the #Corrupt police.
#Unemployment stands at 27.1%, and #Inflation – which I accurately measure every day – soars at 30.37%/yr.
He went further to Tweet:
According to @sbmintelligence, at least 1588 people have been killed in #Nigeria between July to September from extrajudicial killings. Under @MBuhari’s reign of terror, corruption, mismanagement, & incompetence - Nigeria has become a bloodbath. https://t.co/w3fIt9IjTW
— Prof. Steve Hanke (@steve_hanke) October 29, 2020
'' According to @sbmintelligence
, at least 1588 people have been killed in #Nigeria between July to September from extrajudicial killings. Under @MBuhari
’s reign of terror, corruption, mismanagement, & incompetence - Nigeria has become a bloodbath.
He tweeted again:
#Justice can be a hard thing to find in @MBuhari’s dystopian #Nigeria. In a recent survey, almost 90% of Nigerians said that #Corruption covered Nigeria’s judicial system like a wet blanket! pic.twitter.com/GolvIn0Mtr
— Prof. Steve Hanke (@steve_hanke) October 29, 2020
''#Justice can be a hard thing to find in @MBuhari
’s dystopian #Nigeria. In a recent survey, almost 90% of Nigerians said that #Corruption covered Nigeria’s judicial system like a wet blanket!
He concluded his tweet by:
Public #Extortion & # corruption are institutionalized in #Nigeria. Police take bribes at checkpoints. Judges sell favorable decisions, without even bothering to show up for trials. Politicians fix elections. It’s no surprise that Nigeria’s corruption ratings are so terrible.
— Prof. Steve Hanke (@steve_hanke) October 30, 2020
''Public #Extortion & # corruption are institutionalized in #Nigeria. Police take bribes at checkpoints. Judges sell favorable decisions, without even bothering to show up for trials. Politicians fix elections. It’s no surprise that Nigeria’s corruption ratings are so terrible.
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