The appointment of additional Ministers at a time of fiscal consolidation and when the country is sweltering under an excruciating debt burden is perplexing. If Buhari succumbs to political pressure to placate party loyalists with handouts, there will be a further erosion of his political capital. In the words of Jean-Baptiste Karr, “the more things change the more they stay the same”.
With the 2019 election campaign in full swing, it is time to evaluate the effectiveness of Nigeria’s policy kit. Rhetoric is long, but outcomes are limited. Of the 9 policies tested against objectives, impact, pushback and sustainability, the TSA was found to be excellent and the forex market crawling peg had a score of good. The overall policy score for the administration was above average.
In this edition of the LBS Breakfast session, Bismarck Rewane and the FDC Think Tank attempt to situate these economic developments in the context of the current political dynamics.
The attached slides are a must read for any corporate executive.
Enjoy your read….