Buhari 100 days in power: Macroeconomic Scorecard - july 29 to september 2 2015 channels tv news at 10 fdc presentation
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100 days into power, how do we assess Buhari's administration performance. --No named ministers --Few appointments --Boost in power generation --Slowdown in economic growth And a lot more This Scorecard captures the key macroeconomic indicators while considering human development factors.
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Buhari 100 days in power: Macroeconomic Scorecard - july 29 to september 2 2015 channels tv news at 10 fdc presentation
- 2. Exchange Rate •IFEM: •Parallel: Oil Price (Brent) FAAC External Reserves Inflation Stock Market Cap. May 29 •N197.93/$ •N219/$ $65.56pb N409bn $29.6bn 8.7% N11.66trn Sept 2 •N197.55/$ •N220/$ $48.67pb N511.8bn $31.32bn 9.2% N10.27trn Change and Direction •Flat •Flat 25.6% Negative 25.1% Positive 5.8% Positive 0.5% Negative 11.92% Negative MACROECONOMIC SCORECARD (100 DAYS) 2
- 3. Unemployment Misery Index Power output Price of Diesel Vacancy Factor •Ikoyi •Victoria Island Insurgency May 29 2015 24.1% 32.8 3,205MW N160 •19% •11% High Frequency Sept 2 2015 26.5% 35.7 4,396MW N108 •31% •16% Reduced Frequency Change and Direction 2.4% Negative 8.8% Negative 37% Positive 32.5% Positive •12% Negative •5% Negative Positive HUMAN DEVELOPMENT FACTORS 3
- 4. S/N Indicator Comment Positive/Negative 1 Security • Insurgency attacks have decreased during the period • New service chiefs have been appointed 2 Power grid • Improved national power supply, from 1,962 MW to 4,396 MW 3 Petrol queues • Reduced fuel shortages and queue 4 Investor confidence • Reduced investor confidence due to uncertainty in policy direction ??? QUALITATIVE 4
- 5. S/N Goal Comment 0 - 25 26 - 50 51 - 75 76 - 100 1 Improved power supply • Improved national power supply from 1,962 MW to 4,396 MW 2 Improved transparency • New national psyche of accountability and responsibility 3 Reorganisation of the energy sector • Downstream saboteurs have been silenced • NNPC management has been reshuffled to improve accountability 4 Enhanced international perception • Cleaned up the international image of Nigeria • Improved the immigration service and passport process 5 Addressed fuel scarcity • Reduced the fuel shortages and queues 6 Revamped EFCC • Got the EFCC to wake up after a 6-year slumber Percentage of accomplishment (%) ACCOMPLISHMENTS 5
- 6. S/N Goal Comment 0 - 25 26 - 50 51 - 75 76 - 100 1 Fuel subsidies • Subsidies still in place and could be abused 2 Refineries • Refineries are up today and down tomorrow 3 Official appointments • Appointments appear lopsided and responses to criticism are reactive • Delay in announcing the cabinet is eating into the reputation of his assertiveness 4 Consolidation of APC • He needs to engage the APC to drive the legislative agenda • APC needs to be reformed and made an effective tool of civil society engagement 5 Transparency • Emphasis on integrity and anti corruption is ideal • But there are no saints in hell • You go to war with the army you have, not the one you wish to have – Don Rumsfeld Percentage of accomplishment (%) UNFINISHEDBUSINESS 6
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