A former governor of the Central Bank of Nigeria, Chukwuma Soludo, has delivered a ruthless evaluation of the Nigerian economy under President Goodluck Jonathan, ranking the administration “F” on economic management, and suggesting the Jonathan government is Nigeria’s worst as far as the management of the economy is concerned.

Mr. Soludo said while Mr. Jonathan lacks achievements to point to, or clear future plans as he seeks re-election, his main challenger, the All Progressives Congress, APC’s presidential candidate, Muhammadu Buhari, also lacks specific plans on how to salvage Nigeria’s economy should he win elections next month.

“My advice to President Jonathan and his handlers is to stop wasting their time trying to campaign on his job record. Those who have decided to vote for him will not do so because he has taken Nigeria to the moon. His record on the economy is a clear ‘F’ grade,” Mr. Soludo said.

“Everywhere else in the world, government performance on the economy is measured by some outcome variables such as: income (GDP growth rate), stability of prices (inflation and exchange rate), unemployment rate, poverty rate, etc.

On all these scores, this government has performed worse than its immediate predecessor--- Obasanjo regime. If we appropriately adjust for oil income and debt, then this government is the worst in our history on the economy.”

Mr. Soludo’s assessment, in a lengthy <a href="http://blogs.premiumtimesng.com/?p=166625">article</a> published Sunday, took aim at the government’s economic policies that have resulted in unprecedented levels of poverty and unemployment.

He said the economy appears to be on “auto pilot” and lambasted the president’s economic team led by Finance Minister, Ngozi Okonjo-Iweala, as a team “dominated by self-interested and self-conflicted group of traders and businessmen”.

He said Nigeria has been handed over to economic racketeers.

“The very people government exists to regulate have seized the levers of government as policymakers and most government institutions have largely been ‘privatized’ to them. Mention any major government department or agency and someone will tell you whom it has been ‘allocated’ to, and the person subsequently nominates his minion to occupy the seat,” he said.

Mr. Soludo said while Nigeria has for years enjoyed oil boom and increasing budget, poverty and unemployment reached unprecedented levels under President Jonathan.

READ MORE: http://www.premiumtimesng.com/news/headlines/175663-soludo-grades-jonathan-f-economy-says-administration-worst-ever.html

PHD HOLDER

Ok

But Nigeria became the biggest economy in Africa under Gej's administration... Well, maybe Soludo is not aware of that, somebody tell him please.

This is another poo from somebody that sings when given food. He didn't even address any of the points raised by Prof soludo, instead he results to insult. I guess any sane person in this man family should call him to order.

No one is gonna be tricked by the clueless one anymore. Even the south east are turning against him, judging by recent events I won't be surprised if Buhari becomes the first man to win an incumbent president. We need change!
#iHaveDecided

NiceMan4:
But Nigeria became the biggest economy in Africa under Gej's administration... Well, maybe Soludo is not aware of that, somebody tell him please.

Biggest economy in Africa on Ngozi Okonjo-Iweala's graph, how many of our able youths got employed??

NiceMan4:
But Nigeria became the biggest economy in Africa under Gej's administration... Well, maybe Soludo is not aware of that, somebody tell him please.

an economy where a dollar is equal to N203.

emperorchedda:
No one is gonna be tricked by the clueless one anymore. Even the south east are turning against him, judging by recent events I won't be surprised if Buhari becomes the first man to win an incumbent president. We need change!
#iHaveDecided

if I did not live in this country, I would have wished buhari on nigerians so they will pine for GEJ,but since am still here, NO VACANCY in aso rock