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Showing posts from December, 2015

Urgent matter

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   President Muhammadu Buhari AS  a new year approaches, hopes of a brighter future raised by the inauguration six months ago of President Muhammadu Buhari have gone down a notch. A report  by Bloomb erg that the value of quoted equities on the Nigerian Stock Exchange fell by 22 per cent between April and November coincided with yet another foreign shuttle by the President amid petrol and power shortages. At home and abroad, the message to Buhari is strident: settle down and deliver on your promise of change. For Nigerians and the administration, time is a luxury. A presidential term is only four years and Buhari has spent a bewildering six months simply cobbling together a cabinet, during which time he has made about 15 foreign trips. Between June and now, a third round of petrol shortages is just winding down after marketers collected the latest ransom of N407 billion as subsidy, while the naira has crashed to N250 to US$1 at the parallel market, down from N185 to US$1 in April. P