The continued spread of Coronavirus globally has thrown Nigeria off balance in many respects. Beyond its tragic health hazards that could lead to the death of citizens, the continuous fall in the price of crude oil in the international market threatens the economy. Besides, the repercussions of not investing in the healthcare system over the years by successive governments are equally starring everyone in the face.examines the challenges facing the Buhari administration in this regard.
Besides, the informal sector, which contributes about 41 per cent of the country’s economic output would be greatly hampered by the general lockdown and the work-from-home policy being advocated. Artisans who survive mainly on daily earnings would be badly hit by this development. Though the government is coming up with intervention measures to cushion its effect on the populace, particularly those categorised as “the poorest of the poor”, it is not likely to go round.
He said the benchmark Brent crude oil is currently selling at $34.42 per barrel in the international market and indications are that the price would further crash, as the international community grapples with the challenge of tackling the deadly virus. This is a warning signal for the managers of the Nigerian economy to recognise that the solution required at this point in time is one that would tackle the challenges facing the economy from a holistic point of view.
Besides tackling the outbreak of Covid-19, the Buhari administration has a long way to go, to fulfil its campaign promise to provide a better, qualitative and accessible healthcare to all citizens, regardless of their location. Nigeria faces challenges in its health sector, including an inadequate supply of medical doctors and poor or substandard health care facilities. Many Nigerians are also unable to access healthcare services because they lack the ability to pay for them.
A broadcaster, Ukachi Chukwu, echoed such views on his Facebook page. She said it is sad that the political class is leading an act of gross irresponsibility by refusing to do the right thing. She said Chief of Staff to the President, Abba Kyari knew very well that Germany is one of the highly infected countries but refused to isolate himself after returning to Nigeria and in the process put President Buhari at risk of getting infected.
This Buhari government that has the opportunity to diversify the Nigerian economic 7 years but failed bcos he knows nothing and have wrong people in position they are not supposed to handle. Moreover he is an Analogue president.
I don't know if we can't just see that we don't have a Buhari but a Cabal. We are in hot soup.
How wud he be in dilemma when he has no brain...somebody suffering from dementia who doesn't know whether he's alive or dead.... Some news makes me sick
Did you say Buhari in dilemma? Lol!
English
...first step in diversification is restructure. If this crash in oil continue, federal government can't maintain sharing money to the states.
If the federal government refused to share money for especially the major three states been lockdown as long as the CoronaVirus last they will live to regret it. It is not a threat but advice and warning because there is hunger b4 now and now they have stop our hustle totally.
The CEO of Tweeter donated $1billion. The richest man in Africa donated N1 billion, the formal VP N50 million and so on. We no like ourselves in this country. Look how we have developed other countries when the youths here are the best in the world.
Does Buhari exist?
Nobody had donated 3% of his wealth in this era of pandemic CoronaVirus in this nation is that unity and love and again all what they donates will still go back to their pockets. Look at what all other world citizens are doing.
Because of greediness, selfishness, power, etc. Now this government came with the agenda of fighting corruption but Instead the government have joined them. Wherether we like it or not Nigeria can only be better if unity, love is among us.
If our natural resources have been manage well by our leaders since independent and till this very moment, what we facing now it won't be so. Nigeria is blessed and favoured country but we created our own
To attune the spirit of diversification of the economy, public expenditures must be biased towards made in Nigeria. Nigeria continues to pay lip service to diversifying the economy. It’s a spirit we fail to appease, the ritual only the chief priest (public expenditures) can lead
Buhari is not in sync with what is going on in the globe only when he's told
Create the enabling environment...stop policy somersaults...stop playing games with exchange rate...but is he even aware?
Which buhari that is not aware until he's told
The private sector moves the global economy while the government moderates and ensure fair practice
Let’s invest in science and technology, Agriculture..
Talking about diversifying the economy, waiting on the private sector will not have it done. Govt MUST start it, build the plants and infrastructures, run for a while and sell off to the private sectors. Investments ll come if govt is making success of anything.
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