By Ayodele Oni
Former Governor of Ekiti State, Mr Ayodele Fayose tweeted at the weekend that Nigeria’s fortune has been mortgaged for the next 50 years.
According to him, Nigeria’s economy may not recover 50 years after the regime of President Muhammadu Buhari due to foreign capital inflow that reached its lowest in the past four years.
In a string of tweets, the former Governor commented on foreign capital flow into Nigeria in recent times, citing record from the National Bureau of Statistics alluding that there was a pitiable downfall.
He observed that it plummeted by more than half in 2020 to $9.68bn, its lowest level in four years.
The National Bureau of Statistics, in its capital importation report for the fourth quarter and full-year 2020, said the total value of capital importation into the country fell by 59.65 per cent or $14.3bn last year from $23.99bn in 2019.
Fayose was of the view that the decline in foreign capital flow is an evidence of how the Buhari regime has ‘killed’ Nigeria.
“Just read that our country’s foreign capital inflow sunk to $9.68bn, its lowest in four years. That’s according to the National Bureau of Statistics.
“This is another evidence that Buhari has killed Nigeria. Economy, security and the unity of Nigeria are in trouble now.
“50 years after Buhari, this country may not recover from these economic and security woes,” he declared.
