Four Of Buhari Policies That Destroyed The Economy by joyandfaith

 1. Border closure- Nigeria has no comparative advantage to produce rice and cettain ban goods in commercial quantities. General insecurity is preventing most villagers to farm. Hunger is hitting people bad.

Solution-land borders should be opened for food importation.

2. Borrowing - you don't borrow if you don't have stable mean of paying back. Reckless borrowing is affecting forex because we have to pay back in dollars.

Solution-no more foreign loan. Local loan may be considered for vital national needs. Capital projects should be executed using IGR to grow our economy.

We don't need gigantic projects to impress people. We need meaningful projects but easy to maintain.

3. Devaluation of Naira. Black markets benefit more from devaluation. Abacha fixed $1=#22 for 5 years heaven did not fall. Prices of commodities were stable. To hell with foreign reserve.

4. Wasteful socialist programmes like trader moni etc are not ideal in emerging capitalist economy. Instead of giving poor people free money monthly, poor people especially elderly ones and children should have free access to education and health.

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