Failure of the Buhari led administration to sustain the gains recorded by his predecessor Dr.Goodluck Jonathan in repositioning the economy has caused the country fall from its revered position as the largest economy in Africa.
Based on gross domestic product at the end of 2015 as published by
the International Monetary Fund (IMF), South Africa’s economy has
regained its position in dollar terms as the value of the Nigeria’s
naira move in opposite directions more than two years after losing
Africa's largest economy to Nigeria.
Nigeria's macro-economic indicators which at a glace tell the performance of the economy are in red .
These include inflation, human capital development and employment.
The nira for instance has fallen to a record low of about N400 per dollar, which has not happened before under any administration.
Also, while industries fold up in landslides, lost of jobs has been described as unprecedented, yet there are no trusted fiscal reforms to correct the odds.
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