Economic recession: We will emerge stronger – Buhari assures

President Muhammadu Buhari, on Thursday assured Nigerians that the country will emerge stronger, better and prosperous from the current economic challenges.

The President gave the assurance in a message to the 7th National Prayer Breakfast meeting, titled; “A tree and it’s fruits, is yours a blessing or a curse”.

Represented by the Secretary to the Government of the Federation, Babachir Lawal, Buhari said leaders in the country must strive to be a light to the people they lead.

He said, “As leaders we must strive to be the light of the world, we must resist to talk about our current socioeconomic situation with despondency.

“As for me, I have complete faith that Nigeria will emerge from this crisis strong, united, prosperous and secured.

“I believe that all these will come to fruition in the life time of this government, the life time of this executives, legislature and the judiciary.”

This is coming at a time when the Federal Government directed the immediate release of N65 billion for the take-off of its National Social Investment Programme.

Governor Fayose thinks President Buhari is responsible for economic recession

Ekiti State Governor Ayodele Fayose said yesterday that President Mohammadu Buhari is responsible for the country’s economic recession.

Fayose added that president Buhari is the major problem of the country that Nigerians must solve.

“Our president, through his actions and inactions is destroying everything that makes Nigeria a country and well-meaning Nigerians must stand-up to be counted in the crusade to save the country from going under.”

The governor alleged that president Buhari went to foreign countries to demarket Nigeria by calling all Nigerians thieves and dishonest people.

“Which foreign investor will put money in a country of dishonest people? Who made investors to leave Nigeria if not president Buhari?

“Who created (an) atmosphere of economic and political instability in the country by his acts of nepotism and vindictiveness?”

The governor lamented that “president Buhari has not only taken Nigeria to economic recession, he has also moved the country to economic depression and nepotism has prevented him from engaging even the best hands in his party, the All Progressives Congress (APC).”

In a statement issued in Ado-Ekiti, yesterday, by his Special Assistant on Public Communications and New Media, Lere Olayinka, the governor said president Buhari should realise that “Nigerians will not measure his government on the basis of what his predecessors failed to do, but, on what he does or neglected to do between May 29, 2016 and May 29, 2019.”

He said with the level of hunger in the country, Buhari should rather get serious and be innovative with governance and stop his blame game.

“No nation has ever attained greatness by its leaders engaging in blame game, nepotism and vengeance as being done by President Buhari and his APC government,” Fayose noted.

The governor added that “Nigerians must begin to speak out now before the country is totally destroyed by this one-man government which does not welcome any idea coming from those perceived as opposed to his government.

“As I said earlier, the main issue confronting Nigerians now is hunger and it does not speak the language of politics.

“It is, therefore, no longer about politics; it is about preventing hunger from killing Nigerians.”

Fayose, who said the Federal Government should stop deceiving Nigerians with stories of injecting funds into the economy, added that the economic problems facing the country have gone beyond talks of injecting N350 billion into the economy through execution of capital projects.

“Even if they inject N500 billion into the economy by paying contractors for capital projects, how does that affect the price of rice and other food items?

“How does it affect the price of basic drugs?

“Instead of unsustainable measures, what president Buhari should do is to bring economic experts in the country together, not minding their political and ethnic affiliations, so they can proffer lasting solutions to the country’s economic problems.”

The Mugabes Launch New Ice Cream Company Amid National Economic Hardship

Zimbabwe is among the poorest nations on the planet. According to recent statistics from the United Nations’ World Food Programme, 72 percent of the population currently lives below the national poverty line, earning less than U.S. $1.25 a day.

But that’s not enough to deter President Robert Mugabe and his wife, Grace Mugabe, from launching a new line of ice creams and chocolates.

The lavish president and first lady, who the Guardian wrote in 2012 have “long been accused of milking the country for all its worth,” announced plans to place the products in local grocery stores under the brand name Alpha Omega.

Grace Mugabe introduced Alpha Omega three years ago, after Nestle stopped buying milk from her farm amid the threat of a consumer boycott. Nestle announced in 2009 it would end its relationship with the first lady’s Gushungo Dairy Estate after coming under pressure from human rights activists.

Read More: huffingtonpost

Zuma Blames Apartheid For Weak Economic Growth

South African President Jacob Zuma blamed the country’s tepid economic growth on apartheid Tuesday, describing it as “colonialism of a special type”.

Addressing reporters in Pretoria, Zuma said South Africa suffers from “complex historic problems” that are unique on the continent.

“Other countries in Africa never had a racially based economy,” said Zuma at a briefing where he took stock of reforms implemented by the government since the beginning of the year.

“We are trying to address the legacy of apartheid, and it’s going to be with us a long time,” said Zuma.

“At the same time it (South Africa) must be competing with countries that never had such a challenge.”

Read More: yahoo