HomeNewsWhy Nigeria’s Economy May Not Recover 50 Years After Buhari – Fayose
Why Nigeria’s Economy May Not Recover 50 Years After Buhari – Fayose
Former Governor of Ekiti State, Ayodele Fayose has reacted to the foreign capital flow into Nigeria which sunk by more than half in 2020 to $9.68bn.
Naija News reports that the National Bureau of Statistics (NBS) in its capital importation report for the fourth quarter and full-year 2020, said the total value of capital importation into the country fell by 59.65 percent or $14.3bn last year from $23.99bn in 2019.
But in a series of tweets via his Twitter page on Friday, Fayose said the economy of the country may suffer more setbacks and not recover 50 years after the tenure of President Muhammadu Buhari.
He said the ineptitude of the President led to the decline in foreign capital flow, adding that the slump is evidence of how the Buhari regime has destroyed the country’s economy.
The former governor asked leaders of thought in the country to look beyond politics and speak up to save Nigeria from going down permanently.
He wrote: “Just read that our country’s foreign capital inflow sunk to $9.68bn, its lowest in four years. That’s according to the National Bureau of Statistics.
“This is another evidence that Buhari has killed Nigeria. Economy, security and the unity of Nigeria are in trouble now.
“50 years after Buhari, this country may not recover from these economic (and) security woes. Worse still, there is hatred amongst various ethnicities.”
“Isn’t it time for leaders of thought in this country to look beyond politics and speak up to save Nigeria from going down permanently?”