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Nigeria struggles as Buhari wrangles with budget, naira

Nigeria has frozen the naira at 197-199 to the dollar for almost a year in a bid to protect the poor, while the government has banned a wide range of imports to conserve foreign exchange reservesWhen Nigerian President Muhammadu Buhari finally swore in his cabinet in November, nearly six months after taking office, he hoped to shake off his nickname “Baba Go Slow”. In response, Buhari announced a record 6 trillion-naira ($30-billion, 27 billion-euro) budget promising to triple investment to stimulate growth. The errors include the same purchases for vehicles, computers and furniture that are duplicated 24 times, totalling 46.5 billion naira.

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