Showing posts with label Mrs. Lagarde. Show all posts
Showing posts with label Mrs. Lagarde. Show all posts

Tuesday, June 13, 2023

Why Nigeria’s Economy Retrogressed Under Buhari

 By David Adonri

The pursuit of socio-economic welfare of citizens is the cardinal goal of every government. The process of attaining this goal is centered around mobilisation and efficient allocation of resources for production of goods and services. Entrepreneurship has been identified as the catalyst which drives resources or factors of production into generating the desired economic outcomes.

*Buhari 

Nigeria is blessed with abundant resources but continues to lack capable entrepreneurial leadership competent enough to convert resources into modern products. Eight years of President Muhammadu Buhari’s rule demonstrates how an unenterprising and incapable leadership can damage the prospects of a resource-rich developing economy. All macroeconomic indicators deteriorated during the eight years of President Buhari’s disastrous administration.