As the administration of President Muhammadu Buhari clocks two years on May 29, 2017, investigation by Nigerian NewsDirect revealed that business communities are groaning over the state of the economy amidst economic recession that is ravaging the country.
The Director General of Lagos Chambers of Commerce and Industry, Muda Yusuf told Nigerian NewsDirect that the regime was up to a slow start, from the perspective of the economy.
“The key reforms, especially in respect of the petroleum industry and the infrastructure sectors were also slow in coming. The collapse of oil price and the activities of the militants in the Niger Delta regrettably compounded the economic challenges of the country, culminating in a recession. The good news is that the outlook for the short to medium term looks better now than a year ago,” Yusuf said.
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