Buharinomics: Why Nigerians Must Reject The Second Coming Of Buhari – Aribisala

share on:

An extract from Vanguard reveal Mr. Femi Aribisala opinion on why he thinks the second coming of General Muhammed Buhari should be precluded.

When Muhammadu Buhari overthrew a democratically-elected government in a coup d”etat in 1983, Sani Abacha declared in his infamous radio broadcast: “(Our) health services are in shambles as our hospitals are reduced to mere consulting clinics without drugs, water and equipment.”

However, Buhari did not address the shambolic Nigerian health system in his two years in power. In a Vanguard article of 7th February, 2015, Ambassador Ignatius Olisemeka said of Buhari: “He entrusted to me the care and welfare of his family- he sent his wife and two children to me in Washington D.C. for medical treatment. His family were with me in Washington D.C. when the General was overthrown in a coup d’état.”

Thus, while Buhari was grandstanding as Mr. Fix-It, he sought medical care surreptitiously for his family in the United States, instead of fixing the Nigerian health system. This typifies the hypocrisy and insincerity of Buhari as an agent of change. It is all smoke and mirrors. It is the same duplicity whereby he claimed to be the apostle of anti-corruption even while being complicit in the smuggling in of 53 suitcases at Murtala Mohammed Airport, Lagos in the middle of a currency change.

Buhari’s grandstanding must not be allowed to go unchallenged today, now that he is seeking election under the same kind of democratic system he truncated and trashed in the past. We must not allow Buhari to sweep his ignominious past under the carpet of a bogus mantra of “change.” Indeed, there is something anomalous about presenting a 72 year-old former military dictator as a change candidate. What kind of change can be represented by an old has-been?

In his first coming, the “changes” Buhari brought were to Nigeria’s detriment. Under him, the Nigerian economy went from bad to worse. Our national debt rose from $14 billion to $18 billion in less than two years; with the result that Nigeria was no longer able to meet its financial obligations to global bankers. We had to queue for essential commodities, such as bread and milk, which were hard to find. Raw materials and spare parts needed to keep factories running were scarce. Rather than create jobs, tens of thousands of workers lost their jobs. Inflation rose to the astronomical level of 40%; while it is now 7.9% under Jonathan.

When Buhari seized power in 1983, Nigeria’s GDP was $444.45. When he was overthrown in 1985, Nigeria’s GDP had dropped dramatically to $344.14. That is not the kind of change we want. When Goodluck Jonathan became president in 2010, Nigeria’s GDP was $369. By 2014, it had grown dramatically to $510.

Buhari is going around complaining about the recent devaluation of the naira. However, when he took over in 1983, one dollar exchanged for 0.724 naira. But by the time he was overthrown in 1985, one dollar exchanged for 0.894 naira. That is 23% devaluation in barely two years. However, when Jonathan took over in 2010, one dollar exchanged for $167 naira. Five years later, it is now $202.55. That is a devaluation of 21% in five years.

It is not surprising, therefore that, when Buhari was overthrown in 1985, there was wild jubilation throughout the length and breadth of the country.

One of the first things Buhari did when he seized power in 1984 was to gag the press. Decree 4 was promulgated making even the publishing of the truth a criminal offence. Under it, Nduka Irabor and Tunde Thompson were jailed maliciously in a manner designed primarily to intimidate the press.

Under Buhari, the SSS came looking for me because I published an article in National Concord entitled: “Counter-trading Nigeria’s Future;” criticizing the government’s return to the stone age economic policy of trade by barter which resulted in even greater fraud than import licensing. Buhari is now angling to return to power under a democratic setting. But has this leopard changed its skin? In spite of his carefully crafted makeover by his American handlers, has Buhari changed from his anti-democratic ways?

Read the rest here- VanguardNg



I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...


  1. Foolish analyst……Una think say we no get sense abi? Bcos Aribisala donn chop well 4rm jonathan him 4get to say d bad sides of him boss……meanwhile,Buhari had 2yrs in a military regime while jonathan has. 6yrs …..haaba aribisala

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.