Buhari has bigger matters to handle than appointing Ministers – APC

By Sanni Muhammed September 16, 2015 17:59

Buhari has bigger matters to handle than appointing Ministers – APC

The All Progressives Congress, APC, has stated that President Muhammadu Buhari is less concerned about constituting any economic team or proffering any economic direction despite Nigerians continuous press for an economic policy direction.

The Spokesperson of the APC in the S/East, Osita Okechukwu gave this revelation during an interview with Daily Trust where he argued that the delay in appointment of Ministers by Buhari is a welcome development, stating the duties of the Ministers could be transferred to the office of the Vice President as no part of the constitution has been violated.

“The indicators of our economic output have shown that, under two months, the foreign reserve has increased from US$29 billion to US$31 billion. Therefore, whether he has a team or not, certainly there is increase in economic output. The single treasury account has returned more money to the coffers of the state. I know that Mr President will prudently administer it.”

“You can imagine when an agency or a Ministry has over 200 accounts. Some accounts have unknown names. But they administered the accounts the way and manner they wanted. Is TSA not a policy of the State? It’s a policy of the State.”

This is coming after leading economists in the country blamed Buhari for the remarkably horrid state of the economy, demanding for an immediate economic policy direction before recession comes upon the nation.

The Managing Director of Financial Derivatives Limited, Bismark Rewane, during a rundown of themacro-economic scorecards of Buhari’s 100 days in office, decried the lack of an economic blueprint, hinting that he is already sending a dangerous signal to local and foreign investors.

See: Come out with a clear economic policy or blueprint – Rewane to Buhari

In reaction, Okechukwu disagreed with those calling for a Minister of Finance and economic direction, stating that the duties of an economic team or Minister can be delegated to the Vice President, Yemi Osinbajo or officers in various public services in the country.

“We must look at the issue of the ministers this way: section 5 of the constitution vested executive powers on Mr President. It says Mr President can exercise it.

“He can delegate it to the vice president and the ministers. He can also delegate it to the officers of the public service of the federation. He has three latitudes.”

This declaration has given insight into what some analysts have predicted as a plan by Buhari to become a sole administrator of Nigeria’s economy.

Experts warned against any sole administrator overseeing the Nigerian economy, hinting that the possibility of promulgating aggressive economic policies from the military era could trigger a total economic collapse.

See: Investors reveal fear to invest till economic plans are clarified