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AP / In this photo released by the Nigeria State House, Nigeria President Muhammadu Buhari speaks at the presidential palace upon his arrival from medical vacation in Abuja, Nigeria, March 10, 2017.
Nigeria’s ailing president Muhammadu Buhari has reportedly reduced his working hours since he returned from medical leave.
Media sources report that Buhari was spending between one and four hours a day in his office due to his current health situation.
Diplomatic and government sources said that Buhari’s conditions is likely to slow down the pace of economic reforms advanced in his absence, further deepening concerns that he is too unwell to orchestrate reforms to the recession-hit OPEC economy.
The nature of his illness has not been revealed, and reports indicate that he was due to return to Britain for further treatment in April.
Buhari’s health will be in focus this week, when the International Monetary Fund is due to urge swift reforms — a verdict that risks derailing Abuja’s hopes of securing $1.4 billion in international loans.
However, even some government insiders appear to be in the dark over the president’s health and his reform plans.
“Everyone is trying to read Buhari’s body language now he is back,” said an adviser to the government, who did not want to be named.
Buhari was in London between late January and early March for treatment.
Business leaders and diplomats have said that during his absence, the presidency acted with an energy rarely seen in the two years since his election. Civil servants said they were working longer hours and handling heftier workloads.
The central bank devalued the naira for retail customers, a move seen as testing the waters for a wider devaluation that Buhari has so far resisted.
Vice President Yemi Osinbajo also oversaw the release of an economic reform plan required for a World Bank loan to help plug a forecast record deficit this year and finance infrastructure projects.
Even so, political observers and economists at the time questioned whether he was acting with Buhari’s consent and had the authority to enact long-term reforms.
John Ashbourne, Africa economist at Capital Economics in London, said Buhari’s return had opened up “the possibility for important decisions to be made.”
“It was never likely that Osinbajo was going to really change directions during his time at the helm,” said Ashbourne.
Two diplomats said, however, that Osinbajo has now been authorized by Buhari to hold talks with leaders in the restive Niger Delta region to quell unrest that has choked crude production, in a sign some newfound momentum may be retained.
The coming weeks may help signal how confident creditors are that Nigeria can haul its economy out of recession. Finance ministry officials are preparing for further talks with the World Bank over a loan of at least $1 billion, and with the African Development Bank (AfDB) for a $400 million package.Source: Africa News
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