Economist Podcasts Baba Go Slow: Nigeria’s President gets another term
May 29, 2019
Nigeria's president, dubbed 'Baba Go Slow,' faces significant challenges during his second term, including economic mismanagement and security threats from Boko Haram. Meanwhile, the rising death toll on Mount Everest raises questions about the dangers of climbing and the impact of commercialization on its allure. In football, English clubs dominate European competitions by investing in youth talent, showcasing successful players like Kevin De Bruyne and Mohamed Salah, while some teams prioritize developing their own talent over new signings.
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Buhari's Slow Approach
- Nigerians nicknamed President Buhari "Baba Go Slow" for his slow policy implementation.
- His slow approach might have unintentionally mitigated harm from some ineffective policies.
Buhari's Economic Policies
- Buhari's economic policies worsened an oil price drop, leading to a recession.
- He defended the currency's dollar peg and tried stimulating manufacturing by banning imports, harming Nigeria's economy.
Nigeria's Petrol Subsidies
- Nigeria, despite being oil-rich, imports petrol and subsidizes it heavily, costing the state significantly.
- These subsidies exceed spending on healthcare and rival education budgets, presenting a lost opportunity.