Buhari’s unfriendly policy has shut down several businesses and created job loses among Nigerians.While Nigerians are calling for the reversal of his ill policy.The president has remain adamant and stubborn.
Below are the list of sectors that have shut down business within one year due to buhari’s unfriendly policy.
Below are the list of sectors that have shut down business within one year due to buhari’s unfriendly policy.
1.Aviation sector.Some airline have relocated to other countries to continue their businesses.While those who are still in the country have retrench workers to cut down on cost.
2.Maritime sector.Last week 20 firms in the maritime sector shut down business and 3000 workers were retrenched.
3.Banking sector.To remain in business,banks are sacking their workers.
4.Manufacturing sector.The manufacturing sector need foreign currency to buy raw materials abroad to produce their finish goods due to the non availability of raw materials locally.Since buhari has restricted dollars to only his friends and family,manufacturers are finding it hard to carryon with their businesses.They have also resort to retrenchment of workers.
5.Agricultural sector.The minister of agriculture, Audu Ogbe is the most inept political appointee ever under Buhari. Just as Buhari is calling for the Diversification of the nation’s economy from crude oil to agriculture and other mineral resources.
The minister has removed subsidy on fertilisers. When farmers are planting their crops, Fulani herdsmen will move their cattle to eat farmer’s crops. When they complain, the cattle rearers who are armed to the teeth will be killing them.
The president and his minister have not called for the herdsmen prosecution.But rather blamed the perpetrators as Libyans.
The minister has also put measure in place to import grasses for Fulani herdsmen cattle at a dollar subsidy.
In conclusion.With all these businesses closing down, government are also losing taxes and unemployment is on the increase.
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