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Friday, 5 February 2016

Buhari - Babanga's policies led to downfall of naira

 Is there any difference between General Muhammadu Buhari and President Muhammadu Buhari by offering Nigeria and Nigerians the best economic policies?

The blame for the present economic woes of the country has been put at the door step of Ibrahim Badamosi Babangida (IBB)
Nigerians are groaning under a high exchange rate especially businessmen and importers.

President Muhammadu Buhari (L) and Ibrahim Badamosi Babangida (R)
The analysis done by Buharimetre on how President Muhammadu Buhari has steered the ship of the nation is what the president himself may need to think so much about.

READ ALSO: Buhari has fulfiled just one of his 222 campaign promises
President Buhari was addressed as General Muhammadu Buhari at least 30 years ago until he was about to be sworn in on Friday, May 29, 2015. He himself dropped General from his name.

The interest in General Buhari as a military Head of State was that some of his economic policies were lauded by economic experts especially when he paid Nigeria’s foreign debts and stabilised the exchange rate as one Naira to a Dollar.

General Buhari ensured he never made the Naira slip as he left office without devaluing Nigeria’s currency.

However, as a democratically elected president, Buhari is currently battling hard to ensure that the Naira is not exchanged for more than N300 a Dollar at the parallel exchange market.
The Naira has fallen against the Dollar several times since Buhari assumed office.

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