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on January 09, 2016

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Dr. Yemi kale the current state of the Nigerian economy and its setbacks

On Friday, May 20th, 2016, Dr. Yemi Kale, the Statistician General of the Federation and head of the Nigerian Bureau of Statistics (NBS), revealed that Nigeria’s economy had not grown in the first quarter of the year but had rather shrunk to its lowest level in 25 years! Since the announcement was made, there has been various reactions with pundits pointing at this or the other as being the cause of this setback. But I am convinced beyond any reasonable doubt that this negative trend owes more to President Muhammadu Buhari’s utterances on our economy and polity than to any other single causative factor. In the last 11 months, the president had traversed the globe and has spoken about Nigeria’s economy as if he was the chief undertaker of our polity rather than the chief marketer that he is meant to be. Of what benefit is it to the president’s agenda or to Nigeria’s economic well being for him to go to foreign nations and instead of highlighting the positive things that are happe...

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