Buhari has lost touch of economic realities – Governor says

Governor Ayo Fayose of Ekiti state has said that President Buhari has lost touch of the current economic realities.

According to Punch, Fayose said this in reaction to the President’s comment saying that he is impressed with the Nigerian economy.

The Ekiti state Governor also said from the statement, it means that Buhari is endorsing the sufferings of Nigerians.

Fayose said “It is like the President endorsing the sufferings of Nigerians and this is painful.

“That President Buhari, who met exchange rate at N197 to $1, said he is pleased with the economy when exchange rate is now N370 to $1, is a clear indication that the government is being run on his behalf.

“The National Bureau of Statistics, in its unemployment report for the fourth quarter of 2016, said 3.67 million Nigerians became jobless in one year and that the number of unemployed Nigerians rose from 7.51 million at the beginning of October 2015 to 11.19 million at the end of September 2016.

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“The same NBS said in its June 2015 to May 2016 National Corruption Report that over N400bn was paid as bribes to public officials in Nigeria in one year (June 2015 – May 2016). Yet, they will tell Nigerians that they are fighting corruption when indeed, corruption is thriving under the All Progressives Congress government of President Buhari.

“It is clear that the President has lost touch with the real economic situation of the country.”

You will recall that an international publication, The Economist, in one of its articles about Nigeria’s economy said that President Buhari is making the same mistakes he made as a military ruler.