Nigeria’s Economy Will Worsen If Buhari Is Re-Elected, Challenger Says
- Kingsley Moghalu says Buhari’s government is incompetent
- Former central banker says Nigeria must float the naira
Nigerian President Muhammadu Buhari
Photographer: Xaume Olleros/BloombergThis article is for subscribers only.
Nigeria needs to be led by a technocrat and its economy will worsen if President Muhammadu Buhari wins a second term in February’s elections, according to presidential candidate Kingsley Moghalu.
“It will worsen because there’s a fundamental level of incompetence in the Muhammadu Buhari presidential administration,” Moghalu, who was a deputy central bank governor until 2014, said in an interview with Bloomberg TV in London. “Politics trumps everything for them. Rational economic thinking is scarce. Nigeria’s problems are largely self-inflicted, politically induced.”