Buffetted on all sides by worsening insecurity, alarming unemployment rate, inclement economic conditions, poor political leadership, skyrocketing prices of goods and services, as well as the absence of proven economic drivers, the country has continued to teeter dangerously on the edge of the abyss.
As she flounders aimlessly, concerned stakeholders are warning that the failure of the Federal Government to halt the hardship afflicting Nigerians could spring catastrophic consequences that could cost the nation dearly.
Faced with the prospect of dire consequences due to a poor and failing economy, especially as capital inflows have plunged, local investments stagnated, and the employment crisis worsens, some economists have called for thorough scrutiny of growth drivers and national policies in order to rejuvenate the economy and save it from total collapse.
In his characteristic manner, former Central Bank Governor, Alhaji Muhammadu Lamido Sanusi, minced no words in concluding that the nation’s socio-economic problems have worsened under the President Muhammadu Buhari-led government, which he stressed has eroded all the gains the nation achieved from 1980 to 2014.
At a well-attended colloquium in Kaduna State, Saturday to mark his 60th birthday anniversary, Sanusi lamented that the country’s economy has continued to nose-dive under Buhari, and “things are no
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