Buhari Goes From Nigeria’s Change Champion to ‘Baba Go Slow’

Nigerian President Muhammadu Buhari took office a month ago on a wave of hope that he would quickly deal with a deepening economic crisis and an Islamist insurgency in the north. So far, he hasn’t met those expectations.

While Africa’s biggest oil producer has been hit by a 40 percent fall in petroleum prices in the past year that has slowed economic growth and weakened the currency, Buhari, 72, has delayed naming a cabinet until September. As the momentum of being the first opposition candidateTO WIN power at the ballot box fades, critics are mocking him as a sluggish elderly man, or “Baba Go Slow.”

Buhari has acknowledged the crisis, saying last month that his government is facing severeFINANCIAL strain, with a Treasury that’s “virtually empty,” and his party is calling for patience. Yet his lack of urgency in tackling economic woes could leave Nigeria badly adrift, said John Ashbourne, an economist at Capital Economics in London...Read Full Article Here {Bloomberg.com}

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