
Many Nigerians may not agree to this, but regardless of the worsening and unstable economy, Buhari says he’s given his best to Nigeria.
Over the most recent six years of Mr Buhari’s reign in power, Nigeria’s jobless rate is said to have been more than quadrupled as the economy went through more than one downturn.
With around 98 million Nigerians, representing generally 47.3 percent of the country’s assessed 206 million populace said to be living in poverty, President Muhammadu Buhari says he has progressed admirably, and he anticipates that citizens should recognize that fact after he leaves office.
In a recent interview, Mr Buhari might have additionally disapproved the deteriorating frailty which has prompted the closure of many schools particularly in the northern part of the country.
Nigeria has also been encountering a ton of social unfairness, where many people are killed week after week by non-state people across Nigeria and numerous others kidnapped for ransom.
The Nigerian President, demanded that what he is anticipating is for Nigerians to say he has given a valiant effort.
The president said as the years progressed, he has been associated with governance in different capacities within the country and has put forth a valiant effort.
“I have been a governor, minister and now a second term as president, What else can I do for this country,” he added.
Mr Buhari additionally said he trusts that Nigerians will recognize that he has served as well as could be expected when he leaves office in 2023. He said he intends to take a merited rest in the wake of leaving office in around 17 months.
In the interim, Nigeria’s monetary experts say the economy is deteriorating under Mr Buhari.
Indicators reveal that, when Mr Buhari took over in 2015, the country’s debt stock at the time was about 12 trillion, but now it’s about 32 trillion. Inflation rate was about 9 per cent, it’s now sitting at about 15 per cent; unemployment rate was about 9.2 per cent, but about 32.2 per cent now; exchange (rate) was about N197 to a dollar, now it’s way over N400 to a dollar. These figures mean, his government has not proven beyond any expectations.
In response, the Nigerian leader said the solution to the economic problems was for Nigerians to return to farming. According to Mr Buhari, they have to allow people to have access to the farm.
The National Bureau of Statistics, Nigeria’s organization accountable for data, said in December that the prices of goods and services, measured by the Consumer Price Index, increased by 15.40 per cent (year-on-year) in November 2021.
The development, the statistics office said, indicated that Nigeria’s inflation rate stood at 15.40 per cent in December from 15.49 a month earlier.
According to the NBS, this rise in the food index was caused by increases in prices of bread and cereals, fish, food product, potatoes, yam and other tubers, oil and fats, milk, cheese and eggs and coffee, tea and cocoa.
It added that on a month-on-month basis, the food sub-index increased by 1.07 per cent in November 2021, up by 0.16 per cent points from 0.91 per cent recorded in October 2021.
“The average annual rate of change of the Food sub-index for the twelve months ending November 2021 over the previous twelve-month average was 20.62 per cent, 0.1per cent points lower from the waterage annual rate of change recorded in October 2021 (20.7per cent),” it said.
On Unemployment, over the most recent six years of Mr Buhari in power, Nigeria’s jobless rate more than quadrupled as the economy went through two downturns, and cast a shadow over the government’s endeavors to address the financial emergency in the oil-producing country.
The insights released by the NBS in March 2021, as per Bloomberg, demonstrated that joblessness in Nigeria flooded to the second-most elevated on a global list of nations.
The jobless rate in Nigeria increased to 33.3 percent in the three months through December (2020), as indicated by a report published by the National Bureau of Statistics on its site. That is up from 27.1 percent in the second quarter of 2020, the last period for which the office released workforce statistics.
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