By Omoniyi Salaudeen and
In view of criticisms that have been trailing economic policies of the Federal Government, President Muhammadu Buhari has been advised to disband his economic team and reconstitute a new one that could take the country out of the current recession.
This is coming on the heels of the recent outburst of the Emir of Kano, Sanusi Lamido Sanusi, a former governor of the Central Bank of Nigeria (CBN), saying that Buhari lacks right policies to fix the economy. Speaking with Sunday Sun on phone, yesterday, former presidential candidate of Citizens Popular Party (CPP), Chief Maxi Okwu, noted that the current economic situation of the country was similar to a war situation and needed an urgent review. “The President should disband his current economic team and look beyond his political party and associates for competent, credible and inspired Nigerians that can help,” he maintained.
Okwu further bemoaned the ongoing foreign exchange policy, which according to him, is fraught with inconsistency. His words: “We now have about three or four foreign exchange rates; it is not done anywhere and it is not helping the economy.”
In a similar reaction, Second Republic politician, Chief Guy Ikokwu, also stressed the need for the government to re-jig its economic team and ensure that the 2017 budget is accountable. “The government should re-jig its team. There are a lot of round pegs in square holes in this administration. The President should constitute a fresh team of experts that will be able to fashion out the right policies that will take us out of the current situation,” he said.
However, Publicity Secretary of the All Progressives Congress (APC) in Lagos State, Joe Igbokwe, disagreed, saying the government is on the right track. “As far as I am concerned, they are getting it right. To fix the economy that had been damaged for 16 years is not a tea party. You have to give them time for us to get out of the trouble. In a government where you have Prof Yemi Osinbanjo, Babatunde Fashola, Dr Kayode Fayemi, Rotimi Amaechi, Dr Chris Ngige, you cannot dismiss the economic policy. These are the people who have been governors in their states, who have been ministers,” he said.
Igbokwe urged Emir Sanusi to stop parading himself as a repository of knowledge. “Sanusi Lamido Sanusi had been in government. He was with former president Goodluck Jonathan when they were selling oil for $140, $150 per barrel. How much did they save? Sanusi should stop looking at himself as the best person God has ever created,” he declared.