NIGERIA ECONOMY SUFFERS DWINDLING GLOBAL OIL PRICES

0
91

The downward turn of Nigeria’s Economy was the focus of the new administration as it began its four year journey governing the country. Suggestions had been on the high that the past administration had seriously battered the economy leaving Nigeria’s purse virtually empty.

After one year in power the economy seems to be sinking and life getting tougher for the citizenry, but patience is a virtue, many still believe that with a little more time, the economy is sure to bounce back. President Buhari’s emergence as president may not have come as a surprise to many Nigerian as the change mantra slogan filled the atmosphere.

During his 2015 presidential campaign rally, loads of promises were made to Nigerians and they electorate trouped out en mass to pick the candidate of their choice with hope for better life as well as better standard of living. To most Nigerians, there was hope for better electricity supply, good roads, health, education, cheaper fuel and employment opportunities and unemployment benefit for the vulnerable group in the society.

But these dreams may have been dashed as Nigeria and other parts of the world came face to face with realities of dwindling global oil prices which in no small measure is affecting the nation economy.

LEAVE A REPLY

Please enter your comment!
Please enter your name here