American economist knocks Buhari for plunging Nigeria into financial mess

TOP American Economist, Steve Hanke has berated the Buhari administration for plunging the country into deep financial crisis.

Hanke who is an Applied Economist at John Hopkins university in Baltimore, used a graphical representation to buttress his claim about the state of the country’s economy under the watch of President Buhari.

 According to the Economist, the graph shows that inflation rate increases by 30 per cent annually in Nigeria.

 The professor said the Buhari-led administration is characterised by banditry, insecurity, high unemployment rate and corruption, claiming the President has failed his people.

 Hanke, a former columnist with 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;

Here are some reactions to Professor Hanke’s tweet;

@CelestineEnyiah

@steve_hanke Do you know that the worst of all problems is rubbishing the Judiciary; making the Judiciary that is supposed to be independent an extension of the Executive? The Legislative arm is a mere Rubber Stamp of the Executive arm. It is pathetic!

@Tuscee

It’s not only the Judiciary/Legislature, there’s no MDA that has not been abused under this regime, also we’ve dropped in all rankings of progressive indices. Nigeria is slowly becoming a failed state.