Popular business and economic newspaper, Financial Times, has slammed the first four years of the President Muhammadu Buhari administration, saying the government ‘lacked a sense of direction’.
The London based paper, which describes Nigeria as a country performing below its potentials, accused Buhari of running a lackluster government.
In an opinion article written by its editorial board, FT, as the paper is called, stated that Buhari had no coherent economic strategy like other African countries.
“The omens from his first four years in office are not good. During that time, the former military leader ran a lacklustre administration with no obvious sense of direction.
“There was no coherent economic strategy of the sort being attempted by the likes of Ethiopia, Rwanda or west African neighbours Ghana and Senegal to produce the rapid growth needed to haul tens of millions of people out of poverty.
“It is an indictment of its leadership — both military and democratic — that the continent’s biggest oil producer should have more people living in absolute poverty than any other country in the world.
The paper however noted that Buhari’s re-election is a chance for the president to redeem his image and leave a lasting impression
“In his second presidential term, Mr Buhari has a chance to silence his critics. With decent policies and effective implementation, he can stop the rot and lay the basis for a better future.
“If he can do that, he can yet salvage his reputation. If not, he will go down in history as a general who should have stayed in his barracks.”