The administration of former Muhammadu Buhari has been blamed for Nigeria’s current economic downturn, according to Rating agency August & Co.
In it’s review, the agency said the “ economy was poorly managed” in the past eight years.
Titled, “2024: A year of reckoning, turning points and balancing acts” it also made projections on different aspects of the country’s economy ranging from foreign exchange, inflation, GDP, and growth.
“This alludes to the need for a coordinated monetary and fiscal policy response, and we believe that a strategic balance between economic policies and external factors will determine the trajectory of the Nigerian economy in 2024.
“The good news is that the Nigerian economy is unlikely to be as poorly managed in the next four years as it was in the previous eight,” according to the agency’s report.
