Business mogul and former Vice president Atiku Abubakar have warned that Nigeria and other African countries are yet to see the worst of the COVID-19 pandemic. In his article ‘What Africa must do to mitigate the damaging effects of Coronavirus” published on the 7th of April, Atiku lamented over the incapability of personnel in the Muhammadu Buhari regime to handle the economic effects of the virus. Atiku warned, “I hate to be the bearer of bad news, but Nigeria and other African nations are yet to see the worst of the effects of this scourge”. The former vice president also added that the country might not be able to escape recession as aftermath. In his plan to handle the pandemic, he urged African countries to seek debt forgiveness from China and the West rather than aid. He strongly believes this will work as all African countries had their index cases from outside. This alone is good leverage to seek debt forgiveness. Atiku also voiced out his lack of confidence in the current administration strongly basing on their frequent need to borrow. An action he believes is a sign of inability to sacrifice for a better economy and also a lazy mindset.
In addition, he also stated that Nigeria must engage in diplomatic talks to get Saudi Arabia and Russia to settle their differences so as to end the ongoing price war.
Also, Atiku insists that funds from General Sani Abacha’s loot held by Western governments should be released to Nigeria immediately. He said “We have a humanitarian crisis on our hands. I believe that President Trump is a reasonable man. He knows that if nothing is done to avoid the foreseeable dislocation of African economies, the next wave of mass immigration to the United States would not be from Mexico”. Furthermore, he pleaded with the government to do away with the current budget and adopt a more feasible one to suit the situation. For more posts click here.