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Wednesday, March 6, 2019

the voting behaviour of the poor. Why did the poor vote to be poorer? I say that advisedly


the voting behaviour of the poor. Why did the poor vote to be poorer? I say that advisedly because, over the past four years, Buhari’s statist economic policies have further impoverished an already poor nation, and, given his socialist mindset, he is unlikely to generate economic prosperity in his second term.




Indeed, the immediate negative reaction of the stock market to Buhari’s re-election, with N196bn lost in one day, was evidence of the doubts that his victory was a real shot in the arm for Nigeria’s economy and polity.



As the global business media outfit, Bloomberg, reported: “Bank stocks in Nigeria fall most since 2016 after Buhari victory”, a confirmation that the anti-business president, whose economic record and grasp of economic fundamentals are miniscule, was not investors’ preference.
 

Click to read full news: vanguardngr 

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