Tag Archives: Economic Policies

Oby Ezekwesili: President Buhari’s Economic Policies are confusing.

Posted on by
605

Obiageli Ezekwesili, former vice-president of the World Bank for Africa, has described the economic policies of the current administration as “confusing”.

 

In a chat with The Interview, the convener of Bring Back Our Girls (BBOG) said that despite the confusion, the government remains “adamant”.

 

Answering a question on the call for diversification, she said: “I am not a fan of the economic policies of this government so far.

 

“I feel it’s too tentative in making even the right policy decisions and even when it tries to make the right policy decisions, it has been in the breach. It has been very confusing.

 

“It’s not that the government is timid; it’s about doing the wrong things and being adamant about them.”

 

Citing the government’s monetary and fiscal policies as key areas of denial of “empirical evidence”, she called for structural reforms and better citizen engagement.

 

In the interview, conducted before the BBOG’s visit to Sambisa, Ezekwesili wept over the fate of the remaining Chibok girls, saying the episode had exposed Nigerian governments in their “worst form”.

 

She spoke on what she would do if President Muhammadu Buhari invited her to serve; her perception of former President Goodluck Jonathan; and her relationship with former President Olusegun Obasanjo.

 

Azu Ishiekwene, MD/editor-in-chief of The Interview, described the interview as “a no-nonsense call to reflection”, saying “Oby is not treading on eggshells. It’s bareknuckle stuff”.

 

Source: The Cable

Buhari’s Economic Policies Not Yielding Results- Bakare

Posted on by
Reply

Senior Pastor of the Latter Rain Assembly, Pastor Tunde Bakare has challenged President Muhammadu Buhari to change his economic policies, which he said have failed to yield the desired results in the past 18 months of his administration.
He, however, acknowledged that the present government inherited an economy in dire straits due to revenue unaccounted for, in the preceding oil boom era, with reported massive looting through oil subsidies and diverted defence budgets.
Bakare, who was a guest lecturer at the 14th year anniversary of the Foursquare Gospel Church, Asokoro, Abuja, last Saturday spoke extensively on the topic: “Church and economic recession”.
“In the past 18 months, attempts at salvaging the economy have not yielded lasting results. While the Gross Domestic Product (GDP) shrunk by 0.36 percent as at the first quarter of 2016, production dipped by 2.06 percent as at the second quarter. Evidently, Nigeria’s recession is largely self-inflicted and could have been avoided,” he said.
He said the recession currently experienced in Nigeria “is an opportunity for the church to take responsibility for the destiny of Nigeria”.
The vice presidential candidate in 2011 elections recalled that price of oil peaked at $145 per barrel around 2008 and, after a brief fall, rose and, subsequently, hovered around $100 until December 2014, when it began to crash. But, the biggest oil boom experience, he said, fell into the hands of an unprepared leadership.
“Hence, with our revenue unaccounted for in the preceding boom era, and with reported massive looting through oil subsidies and diverted defence budgets, the present government inherited a Nigerian economy in dire straits.
Bakare, who is the convener of Save Nigeria Group (SNG), said he never regretted occupying the street in January, 2012, following the fuel subsidy removal by former President Goodluck Jonathan.
“I have no single regret about my action in 2012. If I have another opportunity, I will do it again. Save Nigeria Group (SNG) campaign was not about fuel subsidy, but against corruption. We insisted on ‘kill corruption and not Nigeria’. It was corruption in that government that we fought.
“We simply made the then government to understand that sovereignty belongs to the people and we demonstrated it through our actions. And we will do it again and again if time demands for it,”  he said.

Credit:

http://sunnewsonline.com/buharis-economic-policies-not-yielding-results-bakare/

Governors Support Buhari’s Economic Policies

Posted on by
1

The Nigerian Governors Forum (NGF), comprising the 36 states governors of the federation, have expressed support for the economic policies initiated by President Muhammadu Buhari-led All Progressives Congress (APC) government.

The federal government recently admitted that the country was in recession, as Nigerians continue to go through the rigors of hardship.

Chairman of the forum and Zamfara State Governor, Alhaji Abdul’aziz Yari, conveyed the governors’ decision yesterday at the end of their emergency meeting held at the Banquet Hall of the Presidential Villa, Abuja.

This comes on the heels of a similar backing last week by the National Council of State (NCS), made up of former heads of states, assuring that if well implemented, the policies would go a long way to addressing the prevailing economic recession in the country.

Addressing State House Correspondents after the NGF meeting, Yari said the Forum would support the Buhari administration’s pursuit of the economic policies for the benefit of Nigerians.

Credit:

http://guardian.ng/news/governors-back-buharis-economic-policies/