Oil, Terror, and Economic Development in Nigeria

This week marks the first 100 days in office for Nigeria’s President, Muhammadu Buhari. Buhari’s election in May marked a fundamental turning point in Nigeria’s conflicted political history. Buhari first assumed political power through a military coup in 1983. But he later resigned and political power transitioned to an elected president. Buhari unsuccessfully ran for the elected office in 2003, 2007, and 2011. Earlier this year he campaigned again for the position and won the popular vote, marking the first time in Nigerian history that an incumbent president lost the office through a popular vote.

Buhari’s presidential campaign centered on three main pillars: defeating the Boko Haram terrorist group that occupied much of the northern part of the country, fighting the rampant corruption that plagues Nigeria, and spurring economic growth. How has he done? Boko Haram has been dispelled from much of the territory it held in northern Nigeria but remains a threat. Corruption remains rampant. And economic growth in Nigeria has been undermined by falling global oil prices.

What do you think? Can Buhari spur economic growth in Nigeria? How? What would you counsel him to do if you were his political and economic adviser?

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s