Extreme Poverty Looms As Nigerians Lose 20.9m Jobs In Three APC Years
The
National Bureau of Statistics has released eye-popping figures about
the woes of the Nigerian economy. The body amidst pressures from the FG,
stated that 20.9 millions Nigerians have lost their jobs under the
three and half years of President Buhari’s administration. This did not
come as a surprise to the Nigerian public, as indicators in the economy
have long shown an ailing economy.
It is noteworthy that Nigeria
has over the last three years, become the headquarters of extreme
poverty. This comes at a time when the inflation rate has risen from 8%
in 2013/2014, to 15% in recent times. The affront on the Naira by the
dollar in the past three years has led to 50% devaluation of the Naira,
from 155 Naira in 2013/2014 to 365 Naira in 2018. This has led to prices
of basic goods and services skyrocketing unimaginably. All of these are
definitely due to the anti-business stance of the Buhari-led
administration, which has endangered the economic environment of the
country, leading to the exit of the country by top foreign companies.
The
APC-led FG has been unable to handle the Nigerian economy properly.
This has led to the unprecedented rise in unemployment rate from 6.4% in
2014, to 23.1% in 2018, puting families in pains and out of the street.
These figures are not getting any better, unlike what the Buhari
administration wants Nigerians to believe. The major opposition party
candidate; Atiku Abubakar, has since made his campaign about jobs, jobs
and jobs, brandishing plans to liberate the market and fund SMEs, so the
private sector can drive the economy. This is highly likely, since the
Presidential candidate; Atiku Abubakar and the VP; Peter Obi are proven
employers of labor to the tune of over 50,000 employees between them.
Hence,
the ball is on the court of Nigerians as they head to the Poll on
February 2019, in a bid to validate or invalidate the various economic
policies of the APC-Led FG.
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