Buhari’s sick leave re-energizes Nigeria’s presidency

When protesters marched on Nigeria's presidential villa earlier this month to complain about a biting recession, they were not repelled by baton-wielding policemen, the usual fate for anyone arriving uninvited at the gate of the country's power center.
Instead, Vice President Yemi Osinbajo, who is standing in for the country's sick leader, sent a vehicle to ferry the protest leaders to his office, where they complained about widespread corruption.
In a frank admission, Osinbajo acknowledged the government had failed to make as much progress fighting graft as it had hoped.
“We hear you loud and clear,” he told the protesters.
President Muhammadu Buhari has been in London for six weeks on medical leave, raising questions over his capacity to govern Africa's largest economy.
In his absence, diplomats and business leaders say the presidency has acted with an energy rarely seen in the two years since Buhari, 74, was elected.
Civil servants say they are handling heftier workloads, while investors are praising a new, long-needed foreign exchange policy. Meanwhile, diplomats say Osinbajo's inner circle is gaining influence inside the presidency.
To be sure, Osinbajo has made clear his loyalty lies with Buhari, a retired general who has struggled to define a clear strategy to deal with Nigeria's slide into recession and stands accused by opponents of inaction.
But the 59-year-old lawyer is getting work done. He has relaxed visa rules to lure foreign investors — a plan drawn up by Buhari but which like others got stuck in his chief of staff's office, according to diplomats.
Officials in the Aso Rock presidential complex in Abuja have seen their working hours extended to 7 p.m. when Osinbajo leaves, or later. Buhari and his aides typically close shop at 4 p.m., officials said.
“This man is a workaholic,” one presidency insider said. “I wonder whether he rests at all because he even shifts some of the meetings to his official residence.”
Nigeria tumbled into a full-year recession in 2016 for the first time in a quarter of a century as a slump in crude oil revenues hammered the OPEC member's public finances.
The Treasury has faced an acute shortage of hard currency that has piled pressure on the Naira, which still trades at a more-than 30 percent premium on the black market even after policymakers effectively devalued the currency for private individuals last Monday.
After stiff resistance from Buhari for a full devaluation throughout last year. With the president absent, last week's move was seen as testing the waters for a broader weakening.
The central bank's move came after the National Economic Council, an advisory body headed by the vice president, called for an urgent review.

Source: Arab News