Buhari apologises for his economic policies that made Nigerians suffer
Mr Buhari gave the apology in a farewell speech delivered Sunday morning.
Mr Buhari said the Nigerian economy has become more resilient due to the various strategies to ensure that our economy remained afloat during global economic downturns. “Young men and women in urban centres were also supported to put their skills into productive use. Our administration also provided an enabling environment for the private sector to engage in businesses for which their return on investments is guaranteed,” Mr Buhari said.
Although the government initiated policies and programmes that it claimed impacted Nigerians, Mr Buhari’s eight-year reign as president has seen the nation wriggle through numerous challenges as poverty worsened while inflation and unemployment climbed to the highest levels under him. Based on this and several other factors, many Nigerians believe the Buhari administration has performed way below his promises to Nigerians while seeking office eight years ago.
The N-Power Programme was built to address the issue of youth unemployment and help increase social development, but the impact has been minimal as available data shows that the country’s unemployment figures have been on a steady rise since Mr Buhari assumed power. Between May 2015 and May 2022, the country’s unemployment rate has more than tripled. Current NBS data shows Nigeria’s unemployment rate is 33.3 per cent, translating to 23.
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