Nigeria's president Buhari said economy in "bad shape" -state governor
(Adds details, quotes)
By Felix Onuah
ABUJA, Dec 14 (Reuters) - Nigeria's President Muhammadu
Buhari said the country's economy was in "bad shape", the
governor of a northwestern state told reporters on Friday after
a meeting with governors from across the country.
Buhari will seek a second term in an election to be held in
February in which the economy is likely to be a campaign issue.
Africa's top oil producer last year emerged from its first
recession in 25 years, caused by low crude prices, but growth
"Mr President, as usual, responded by telling us that the
economy is in a bad shape and we have to come together and think
and rethink on way forward," Abdulaziz Yari, who chairs the
Nigeria Governors' Forum, told reporters when asked how Buhari
answered requests for a bailout to some states.
"Mr President talked to us in the manner that we have a task
ahead of us. So, we should tighten our belts and see how we can
put the Nigerian economy in the right direction," said Yari, who
is Zamfara state governor. He spoke to journalists in the
The main opposition candidate, businessman and former vice
president Atiku Abubakar has criticised Buhari's handling of the
economy and said that, if elected, he would aim to double the
size of the economy to $900 billion by 2025.
Nigeria's economy grew by 1.81 percent in the third quarter
of this year, the statistics office said on Monday. And on
Friday it said the inflation rate rose slightly in November to
11.28 percent compared with a year ago.
(Reporting by Felix Onuah; Writing by Alexis Akwagyiram;
Editing by Toby Chopra)
First Published: 2018-12-14 19:01:11
Updated 2018-12-14 19:47:29
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