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Top American Economist, Steve Hanke has dealt President Buhari’s administration a low blow after he described his governance a failure that has plunged Nigeria into deep financial crisis. Hanke who is an Applied Economist at John Hopkins university in Baltimore, used a graph to show that inflation rate increases by 30 per cent annually in Nigeria. The Professor characterized Buhari-led administration by banditry, insecurity, high unemployment rate and corruption, claiming the President has failed his people. Hanke, a former columnist on Forbes magazine and Senior Adviser to former US President Reagan said it was frightening that Nigeria’s unemployment rate stood at 27.1 percent with no solution in view. Full story

31 October