Lost Year in Nigeria Under Buhari Leaves Economy on Knees
- President hasn’t delivered on promises to stimulate growth
- Economy on verge of recession as militant attacks increase
Swali market
Photographer: George Osodi/BloombergThis article is for subscribers only.
Muhammadu Buhari took office as Nigeria’s president a year ago on a wave of optimism that the ex-military ruler could revive a nation battered by falling oil prices and decades of corruption.
Now, Africa’s biggest economy is on its knees, forcing Buhari to throw in the towel on a central pillar of his economic policy -- a currency peg.