Buhari’s re-election: It’s victory by default vanguardngr.com vanguardnews
But Buhari’s victory brought to mind the famous words of the French philosopher Joseph de Maistre that: “In a democracy, people get the leader they deserve.” This puts responsibility on followers rather than leaders.
Buhari is probably the most criticised president in Nigeria for his poor handling of the economy and his sectional approach to national unity.
Indeed, the immediate negative reaction of the stock market to Buhari’s re-election, with N196bn lost in one day, was evidence of the doubts that his victory was a real shot in the arm for Nigeria’s economy and polity. As the global business media outfit, Bloomberg, reported: “Bank stocks in Nigeria fall most since 2016 after Buhari victory”, a confirmation that the anti-business president, whose economic record and grasp of economic fundamentals are miniscule, was not investors’ preference.
So, then, back to the question: Why did Nigerians vote to become poorer? Why did they re-elect a president on whose watch unemployment rose from 8.2 per cent to 23 per cent and youth unemployment skyrocketed from three million to 13 million ? In hardly any civilised country would an incumbent with President Buhari’s appalling economic record secure a second term.
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