The Intelligence from The Economist Baba Go Slow: Nigeria’s President gets another term
May 29, 2019
Nigeria's President Buhari, nicknamed 'Baba Go Slow,' faces skepticism as he embarks on a second term amid economic turmoil and security threats from Boko Haram. The challenges of climbing Everest are explored, revealing a rise in fatalities partly due to overcrowding and the dangers posed by inexperienced climbers. Meanwhile, English football clubs showcase unprecedented dominance, with teams from one nation competing in top tournaments, fueled by financial investing in young talent and contrasting strategies lending to their success.
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Buhari's Second Term
- Nigerian President Muhammadu Buhari begins his second term after a first term marked by economic struggles and security challenges.
- He earned the nickname "Baba Go Slow" for his perceived slow pace of reform.
Baba Go Slow
- Nigerians nicknamed President Buhari "Baba Go Slow" due to his slow decision-making, exemplified by a four-month delay in appointing a cabinet.
- His economic policies, like defending the currency peg and import bans, worsened Nigeria's recession.
Petrol Subsidies
- Nigeria, despite being oil-rich, spends heavily on petrol subsidies, exceeding its health and education budgets.
- This lost opportunity highlights inefficient resource allocation under President Buhari's leadership.