Muhammadu Buhari won the presidential race under the slogan of change. And he is facing huge challenges ahead immediately after he is sworn in. Nevertheless, if he is able to change only five things immediately after he takes office it will mean a huge progress for Nigeria.
Undoubtedly Nigeria’s most serious problem is the problem of corruption. Nigerian society is ridden with corruption and it seems nearly impossible to fight it. Still there are some ways of solving this problem. If it’s impossible to change corrupted people there’s still the possibility to cut off sources of corruption.
1. Muhammadu Buhari should cancel infamous fuel subsidy. Designated to ease ordinary Nigerians’ possibility to buy fuel, the fuel subsidy led to the exactly opposite results. The fuel subsidy caused huge money drain from the treasury, fuel crisis and the subsequent flourishing black market of fuel. The law of supply and demand can regulate the fuel market much better than regulations by Nigerian lawmakers. Once Buhari removes mediators between fuel suppliers and fuel buyers there will be far less possibilities for corruption in oil industry.
2. Whether he wants it or not, but to improve Nigeria’s image on the international arena Muhammadu Buhari should extradite Buruji Kashamu to the US. The evidence base, gathered against Kashamu in the US on drug charges against him is so extensive that further delay of his extradition looks for the rest of the world like one of the most ridiculous cases of the violation of the rule of law.
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3. As a retired general, Muhammadu Buhari should be quite familiar with problems army faces now. So instead of prosecuting troops who refused to fight Boko Haram militants bare-handed it would be much more effective to investigate and prosecute those high-ranked military, who are responsible for poorness of supply for Nigerian soldiers.
4. Tackling Boko Haram insurgency is one of the top goals of Muhammadu Buhari he acknowledged himself soon after vicory in presidential election. "No doubt this nation has suffered greatly in the recent past and its staying power has been challenged to its limits, chief among them the insurgency of Boko Haram," told Buhari. "Boko Haram will soon know the strength of our will and commitment to rid this nation of terror ... we shall spare no effort until we defeat terrorism." Until security in north-eastern Nigeria restored it would be very difficult to bring economic development into this region.
5. Tackling youth unemployment is one of the most difficult tasks for Muhammadu Buhari as president of Nigeria. However, this social issue is closely related to the problem of extremism. It is proven by sociological studies that militant groups draw human resources from the ranks of the unemployed.
Former British Prime Minister Tony Blair advised the incoming President of Nigeria administration not to waste time while in office.
In his opinion all important decisions should be taken in first 100 days – not later. It is really important to meet the voters’ expectations from the very start and that will have hugely positive impact on Nigerian economy in long term.
At the same time, Africa’s richest man, Alhaji Aliko Dangote, has listed three major challenges facing Nigeria’s economy that Muhammadu Buhari needs to tackle as president. According to Dangote, Buhari needs to make unemployment, increased power generation and corruption his top priorities after his swearing-in.