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Jonathan Geiger
Mr Phillips
December 9th 2016
Buhari's effect on the Nigerian Recession
Nigeria was once the third largest expanding economy in both 2014 and 2015. The
economy in Nigeria since then has changed drastically.Buhari was put into office as of 2015 and
his presidency is almost halfway over. Many things can be said about his presidency in terms of
advancing the economy so far but one word that can't be used to describe his time in office is,
progressive. Buhari's attempt to fix the recession in Nigeria has been very minimal due to
political corruption and Boko Haram forces and order for the economy to be dealt with these
large issues have to be tackled first.
Last year president Buhari vowed to box in Boko Haram and has been to do so. Buhari
has began to finally win against, and as a last resort, Boko Haram has threatened to capture the
president and posted this threat on Youtube(African). With these types of threats Buhari has had
to shift some of his focus from the economy to terrorism. Boko Haram has refused to come to
terms with Nigeria on the freeing of the kidnapped Chibok girls(Ryan). Children like this are
being ripped from schools and their homes which prevents them from having any sort of
education.
Women and children are being used as suicide bombers. Innocent lives are being taken
by Boko Haram. In combination with the devaluation of the currency 14% of money made off of
imports was used to help combat Boko Haram in 2015(African). When these types of things go

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on in a country it shows that the economy is unstable and is not safe for trade because of
terrorism which can drive businesses away.
Boko Haram is a ruthless terrorist organization and has grown to be as dangerous as ISIS
if not more. Boko Haram has burnt crops that were ready to harvest(Jazeera). Injustice and
terrorism like this has heavily impacted many people,businesses and plans have been made to
rehabilitate those affected by Boko Haram (Isaiah). These rehabilitation plans can also help the
young workforce that was heavily affected by Boko Haram.Nigerians As of December 2016,
Buhari has concluded that Boko Haram doesn't hold any territory in Nigeria(Agency). In this
way Buhari has bridged one of the gaps left by the previous president Goodluck Jonathan.
Buhari has created a campaign against the mass corruption in Nigeria. When talking
about any country corruption can severely cripple an economy regardless of the success. Money
that was meant to go back into the economy can be siphoned out and used for personal gain.
Many think that Buhari hasn't done anything to combat corruption but yet cannot seem to offer a
solution in place. The goal for the administration of Nigeria is to reverse the deep rooted
corruption that has been put in place by previous administrations.
The progress Buhari has made has seemed slow to many citizens concerned within
Nigeria. Some point to the fact that it took six months for Buhari to select cabinet members. This
can also prove well considering that Buhari is very strategic in his moves when it comes to
government. Buhari does seem to have the support of the general public. Yet there are some
doubters that think that Buhari only needs one term and his personality does not suit that of a
progressive leader.
Economy

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Buhari himself has offered that Nigeria diversify its economy and to move from import
dependence to self-sufficiency in local production and to focus on its exports(Africa). Buhari is
pushing for a theme that contributes to making products by Nigeria and selling them to other
countries at top quality to help boost the economy(Africa). This method for recovery in Nigeria
will be successful in climbing out of the recession considering Nigeria heavily relies on oil and
its price has almost been cut in half. Buhari has confidence in his methods. He is not seeking
emergency powers to help jump start the Nigerian economy (Africa). With all of these positive
methods it is going to be tough to overcome the devaluation of the Nigerian currency also known
as the Naira. Crude oil sales account for 80% of government income and the price of oil has
almost been cut in half a barrel from 2014 to present day(Thomas).
The electricity supply in Nigeria has also been impacted. "It even got so bad on March 31
this year that the power generation collapsed completely for about three hours." Along with
electricity sources, many other sources have been vandalized and meddled with(Tribune).
CONCLUSION
Buhari has been put into a position where he has almost insurmountable problems to deal
with in the amount of time that he is allotted and it will take more than one term to continue
fixing these problems. Buhari has made progress with Boko Haram and plans to also battle
corruption in the latter half of his term. In order for Buhari to help Nigeria he will have to
stabilize the situation in front of him and not to look any further. A second term will not be
necessary for Buhari if he accomplishes that goal of stabilizing Nigeria. I personally believe that
for this project there was difficulty in finding a current world topic that had enough information
and counter arguments to build an argument.

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Works Cited
"Economic overview." African Business, Nov. 2016, p. S3+. Global Issues in Context,
Ford, Neil. "Nigeria enters recession: the Nigerian government is struggling with low oil prices,
a militant insurgency and a high rate of inflation." African Business, Oct. 2016, p. 64+.
Global Issues in Context Accessed 29 Nov. 2016.
"I Remain Committed to Fighting Corruption, Salvaging Nigeria's Economy - Buhari." Africa
News Service, 2 Dec. 2016. Global Issues in Context,
"In Latest Video, Boko Haram Threatens Buhari." Africa News Service, 15 Sept. 2016. Global
Issues in Context,
"Nigeria grapples with starvation amid Boko Haram battle." Al Jazeera America, 7 Dec. 2016.
Global Issues in Context,
"NIGERIA NIGERIA'S TENTATIVE YEAR OF CHANGE." African Business, 30 June 2016.
General OneFile
"Nigeria Says Negotiations With Boko Haram Over Kidnapped Girls Have Failed 3 Times." The
Cut, 19 Sept. 2016
"Nigeria Will Fully Rehabilitate Boko Haram Victims - Buhari." Africa News Service, 29 Aug.
2016. Global Issues in Context,
"Oil Woes, Inflation and Devaluation Hit Nigeria's Economy." Institutional Investor, Sept. 2016.
General OneFile,
"Rounding up the survivors; Boko Haram." The Economist, 5 Nov. 2016, p. 41(US). Global
Issues in Context,

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"Why We Must Diversify Our Economy - Buhari." All Africa, 11 Oct. 2016. General
OneFile,

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