With less than two months to the expiration of this administration, Daily Trust on Sunday reports that President Muhammadu Buhari has failed to fulfill his central campaign promises of lifting millions of Nigerians out of poverty and creating 3 million jobs annually.
Available data from relevant institutions showed that more Nigerians have lost their jobs while others became poorer under the All Progressives Congress (APC)-led administration compared to how the situations were in 2015.
However, some observers noted that the President Buhari administration ought to have done better, but added that job losses and increased poverty were not limited to Nigeria.
They said three major events that took the Buhari administration unawares included a slump in oil prices from 2014 to 2017, significantly reducing government revenues and leading to a recession in 2016.
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They observed that the advent of COVID-19 and its economic impacts in 2020 and 2021, resulting in another recession in 2021, had dealt a big blow to economies around the world, Nigeria inclusive.
They also said the ongoing economic impacts of the Russia-Ukraine war remained a stumbling block to the yearnings and aspirations of leaders worldwide.
One of the observers said no government in Nigeria had ever suffered these three events concurrently. He added that these are all global economic events that impacted all countries negatively, particularly in Africa, saying Nigeria even fared better than other countries on the continent and beyond.
