GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music
No Result
View All Result
GhanaStar
No Result
View All Result
Home International

Pace of Reform Slows As Nigeria’s Ailing Buhari Slims His Schedule

March 28, 2017
in International
Share on FacebookShare on Twitter

A lingering illness has led President Muhammadu Buhari to reduce his working day to a few hours since he returned from medical leave, slowing down the pace of economic reforms advanced in his absence, diplomats and government sources said.

You Might Also Like

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

Protests Held As Fire Anger Increases

The Nigerian leader is spending between one and four hours a day in his office to conserve his energy levels, three diplomats and presidency sources said, deepening concerns he is too unwell to orchestrate reforms to the recession-hit OPEC economy.

Buhari has long been criticized by households and investors for his slow response to low global oil prices, which sent the naira currency tumbling and the broader economy into a tailspin.

When he traveled for treatment, his deputy embarked on initial steps to turn around Africa’s largest economy before handing back the reins upon Buhari’s return seven weeks later.

“Things are slowing down, particularly on the economic front, which is a concern,” said one Western diplomat.

One official inside the president’s office said the 74-year-old was due to return to Britain for further treatment in April. The presidency has not revealed the nature of Buhari’s illness.

Buhari’s two spokesmen declined comment on his medical needs or reduced working hours.

A post on the Twitter feed of spokesman Garba Shehu said Buhari had been working from home, even after most civil servants had left their offices.

Buhari’s health will be in focus this week, when the International Monetary Fund is due to urge swift reforms — a verdict that risks derailing Abuja’s hopes of securing $1.4 billion in international loans.

However, even some government insiders appear to be in the dark over the president’s health and his reform plans.

“Everyone is trying to read Buhari’s body language now he is back,” said an adviser to the government, who did not want to be named.

Real reform?

Buhari was in London between late January and early March for treatment.

Business leaders and diplomats have said that during his absence, the presidency acted with an energy rarely seen in the two years since his election. Civil servants said they were working longer hours and handling heftier workloads.

The central bank devalued the naira for retail customers, a move seen as testing the waters for a wider devaluation that Buhari has so far resisted.

Vice President Yemi Osinbajo also oversaw the release of an economic reform plan required for a World Bank loan to help plug a forecast record deficit this year and finance infrastructure projects.

Even so, political observers and economists at the time questioned whether he was acting with Buhari’s consent and had the authority to enact long-term reforms.

John Ashbourne, Africa economist at Capital Economics in London, said Buhari’s return had opened up “the possibility for important decisions to be made.”

“It was never likely that Osinbajo was going to really change directions during his time at the helm,” said Ashbourne.

Two diplomats said, however, that Osinbajo has now been authorized by Buhari to hold talks with leaders in the restive Niger Delta region to quell unrest that has choked crude production, in a sign some newfound momentum may be retained.

The coming weeks may help signal how confident creditors are that Nigeria can haul its economy out of recession. Finance ministry officials are preparing for further talks with the World Bank over a loan of at least $1 billion, and with the African Development Bank (AfDB) for a $400 million package.

Join GhanaStar.com to receive daily email alerts of breaking news in Ghana. GhanaStar.com is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Tags: AbujaadviserafricaAfrican Development BankbankBanks - NECBusiness Support Services - NECBusiness_FinanceCapital Economicseconomistenergyenergy levelsfinance infrastructure projectsFinance MinistryGarba ShehugovernmentInternational Monetary FundJohn Ashbournelondonlow global oil pricesMuhammadu BuharinigeriaofficialOil & Gas Exploration and Production - NECOrganization of Petroleum-Exporting Countriespresidentretail customersSocial Media & NetworkingspokesmantwitterUnited KingdomVice PresidentWestern diplomatWorld BankYemi Osinbajo

Related News

Prime Minister Boris Johnson Moved to Intensive Care Unit after His Coronavirus Condition Worsens

by
April 6, 2020
0

Boris Johnson has been moved to intensive care after his condition worsened, Downing Street has said. The prime minister was...

Ghanaian Politician Emmanuel Owuraku Amofah’s Son Desmond “Etika” Amofah Found Dead in the East River of New York

by
June 25, 2019
0

Daniel Desmond Amofah, a.k.a. Etika, a popular gaming vlogger with more than 800,000 YouTube followers and son of the Ghanaian...

Protests Held As Fire Anger Increases

by
June 16, 2017
0

Protests were held in London as residents demanded support for those affected by the Grenfell Tower fire. Between 50 and...

US Destroyer Collides With Merchant Vessel Near Japan

by
June 16, 2017
0

The US Navy has requested help from the Japanese coastguard. A US Navy destroyer has collided with a merchant vessel...

Next Post

EU Nations Vote Against GM Crops

Noble Son Or Killer? China Court Case Prompts Debate

Categories

  • Africa & World
  • African Music Lyrics Directory
  • Business
  • Business Directory
  • celebrities
  • Computing
  • Diaspora
  • Entertainment
  • Events
  • Feature
  • Featured
  • Ghana Elections 2016
  • Headlines
  • Health
  • International
  • Internet
  • Jobs
  • lifestyle
  • Music
  • News
  • Offbeat
  • Opinion
  • Politics
  • Profiles
  • Religion
  • Security
  • Seth Terkper
  • Smart Home
  • Social Networks
  • Sports
  • Technology
  • Top Stories
  • World News

Tags

accra addo africa Association football Banks - NEC business Business_Finance chairman Donald Trump economy education Entertainment_Culture environment Geography of Africa ghana Ghanaian people government Government of Ghana Human Interest John Dramani Mahama john mahama Law_Crime mahama minister MPs elected in the Ghanaian parliamentary election Nana Addo Nana Addo Dankwa Nana Akufo-Addo National Democratic Congress National Democratic Congress (NDC) New Patriotic Party New Patriotic Party (NPP) nigeria politics Politics of Ghana president Social Issues Social Media Social Media & Networking sports United Kingdom United Nations United States Vice President War_Conflict

Recent Posts

  • Government of Ghana Unveils Official Portraits of President John Dramani Mahama and Vice President Prof. Naana Jane Opoku-Agyemang
  • Who Is the Woman (Sheena Gakpe) in Sarkodie’s Latest Hit “No Sir” and Why Everyone Is Talking about It
List of Ghana Holidays for 2020
Ghana Geocoding
Ghana Cedis Exchange API
Ghana Maps Service
Toyota Cars Auto Auction History
  • African Music Lyrics Directory
  • Business Directory
  • Diaspora
  • Top Stories

All rights reserved © 2021 GhanaStar.com

No Result
View All Result
  • News
  • Sports
  • Entertainment
  • Politics
  • Business
  • Music

All rights reserved © 2021 GhanaStar.com