Shame as Buhari releases indicting report against Ezekwesili

By Amako Nneji May 5, 2016 13:33

Shame as Buhari releases indicting report against Ezekwesili

President Muhammadu Buhari, has taken a swipe at the former Vice President of the World Bank and the Campaigner of the Bring Back Our Girls Campaign, BBOG, Dr. Oby Ezekwesili, for describing his economic policies as “archaic and opaque” and having the tendency to hurt the poor.

Speaking on behalf of the President on Thursday, May 5, on Channels TV’s programme ‘Sunrise Daily’, the Minister of Finance, Kemi Adeosun, disagreed with Ezekwesili, maintaining that the Buhari administration was handling current economic issues with a planned strategy.

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Speaking as one of the guests at The Platform, a public policy forum in Abuja last Saturday, Ezekwesili had accused President Buhari of rehashing his “command and control” approach to economic issues adopted during his first time as military Head of State in 1984.

“What did not work in 1984 cannot possibly be a solution in a global economy that is much more integrated,” Mrs. Ezekwesili pointed out.

“The same ‘command and control’ approach towards economic issues has left the country’s economic indices worse off since he assumed office almost a year ago.

“In over one year, the president is still holding to the premise that command and control is the only way out. In a year, we have lost the single digits inflation status we maintained in past administrations,” Ezekwesili had said.

Reacting, Adeosun said: “I listened to her and she is very well respected and I know she is very well meaning, but I don’t agree we have a command and control economy.”

“I think we are trying to have a planned economy and that is the difference. There must be some planning. What we are planning to do is to plan for the future and have an economy that meets the needs of Nigerians. And the biggest need is employment. We can’t have an economic growth that benefits just a few, the minister reacted.

Speaking on other issues, she said: “There are no quick solutions to the current economic woes. We are going to pump N350 billion into the economy until we see growth. The job will be done painstakingly, and we will come out of it better,” she assured.

The Minister said one of the biggest challenges the government was facing was leakage of revenues in Ministries Departments and Agencies, MDAs.

Adeosun, added that the government expects to see the expenditure of N64 billion on official travels in 2014 drop by about N13.88 billion.