Essential commodities are back - Vanguard News : comparemela

Essential commodities are back - Vanguard News


Vanguard News
Essential commodities are back
“History does not repeat itself; man does.” — Prof Barbara Tuchmann, Harvard University, USA
One man, who is currently repeating himself, to the sorrow of Fellow Nigerians, is President Mohammadu Buhari. History has already recorded that as Military Head of State from 1984 to August 1985, he led Nigeria to the first economic recession since independence. Recession by its nature is an economic monster destroying numerous public and private assets – ending up in increasing the Misery Index.
In 1984, inflation reached unprecedented heights; companies laid off workers and created record levels of unemployment; aggregate purchasing power declined precipitously. More Nigerians went below the poverty line in the twenty months of Buhari’s administration than ever before. Nigerians never had it so bad. And, all these were happening under a “corrective regime” which seized power on December 31, 1983.

Related Keywords

United States , Niger Delta , Nigeria General , Nigeria , Kaduna , Nigerians , Mohammadu Buhari , Barbara Tuchmann , Muhammadu Buhari , Fela Anikulapo , Harvard University , Central Bank , Kindly Share This Story , President Muhammadu , Prof Barbara Tuchmann , Fellow Nigerians , President Mohammadu , Military Head , Beverages Sector , Share This Story , ஒன்றுபட்டது மாநிலங்களில் , நைஜர் டெல்டா , நைஜீரியா ஜநரல் , நைஜீரியா , கடுனா , நைஜீரியர்கள் , ஹார்வர்ட் பல்கலைக்கழகம் , மைய வங்கி , கைஂட்லீ பகிர் இது கதை , சக நைஜீரியர்கள் , இராணுவம் தலை , பானங்கள் துறை , பகிர் இது கதை ,

© 2025 Vimarsana