The United States of America has advised Nigerians to prepare for disastrous four years of Buhari's government. He added that according to International Monetary Fund (IMF), the Nigerians average income will not rise even in next six years.
“The Nigerian economy is stuck like a stranded truck. Average incomes have been falling for four years; the IMF thinks they will not rise for at least another six (years)."
“The latest figures put unemployment at 23 percent, after growing for 15 consecutive quarters."
“Some 94 million people live on less than $1.90 a day, more than in any other country, and the number is swelling."
“By 2030, a quarter of very poor people will be Nigerians, predicts the World Data Lab, which counts such things.”
“Where urgency is needed, Buhari offers only caution. Few are holding their breath for any more drive in his second term, which began on May 29.
“Yet Officials are postponing a crisis, not averting one. Consider borrowing. The debt-to-GDP ratio is 28 percent, but Nigeria collects so little in tax that interest payments swallow about 60 percent of Federal revenues.”
“Politicians are scared to end the subsidy. An attempt to do so in 2012, led to massive protests."
“Although the government has expanded the school-feeding programme and is working on a safety net for the poor, most citizens get few benefits from the State”.
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