…Senate rejects $29.6bn loan request
…Crisis in his party, APC
…Friends, Associates bicker
…Economic hardship with rising inflation
…Atiku, El-Rufai tango
…Unusual silence from Tinubu
…General anomy nationwide
Barely eighteen months into his four years tenure, President Muhammadu Buhari is facing unprecedented challenges on all fronts as the government appears to be at cross road over how to tackle the challenges.
Starting from his home front where his wife, Hajia Aisha Buhari, recently made it public that she has reservations voting for her husband if he seeks re-election; the Nigerian leader is burdened with socio-political, economic, security and sectarian crisis across the country.
The Nigerian leader latest burden is the decision of the Senate to reject his request for a $29.6 billion loan which the administration is banking on to provide infrastructural facilities across the country in the next few year.
President Buhari’s resort to go for foreign loan came after Nigerians out rightly rejected his plans to sell some key national assets to raise funds.
Since Buhari came into office the Nigerian economy has nosedived into recession from the strongest economy in the African continent. Not only has foreign investors kept the country at arms length due to lack of economic policy, a huge number of companies in the country has either closed shop in the country or relocated to neighbouring country. This has led to loss thousands of jobs in the country, including the banking sector where the total implementation of the Treasury Single Acount, TSA led to sack of some workers.
Unfortunately, Buhari’s economic team lead by the vice president appears not to have inkling on how to manage the challenges confronting the economy.
While Buhari is having sleepless night over the economic recession, his political party, the All Progressives Congress, is not helping matters as key leaders in the part have been at each others throat since last June shortly after the party took over from the PDP.
From the National Assembly to the APC secretariat, the party has been dogged with one crisis of the other, the latest being the war over the outcome of the governorship primaries in Ondo State.
The controversy over the Ondo primary brought to the fore the cold war between the national leader of the APC, Senator Bola Ahmed Tinubu and some blocks in the party said to be loyal to President Buhari lead by Chief John Odigie-Oyegun.
After the intitial exchange of words, Senator Tinubu has kept a studied silence, a development that is giving his detractors in the party sleepless nights.
While the APC chieftains are flexing muscles in Abuja, another challenge is cropping for President Buhari in his North East zone where support for him is waning in some states.
The dwindling popularity of the Nigerian leader in the zone may not be unconnected to what is considered his vindictiveness over the travails of the former National Security Adviser, Col. Sambo Dasuki.
Col. Dasuki, a prince from the Sokoto caliphate has been kept in detention since last year by President Buhari despite series of court orders that granted him bail.
The people of Sokoto showed their anger against President Buhari last Wednesday when former President Goodluck Jonathan visited the ancient city to commiserate with the Dasuki family over the death of the late Sultan.
Dr. Jonathan was received by tumultuous crowd with placards extolling him and asking him to return to the presidency.