The Nigerian Economic Society, NES, on Tuesday, attacked the President Muhammadu Buhari administration, over its handling of the economy, which it said has been directionless and unstable in the last 5 years, Page 36 learnt.
The President of the NES, Prof. Sarah Anyanwu, stated this when she led members of the society on a visit to the Senate Minority Caucus, lamenting that, the President Buhari administration excluded Economists from its National Economic Management Team, NEMT.
According to her, because of the exclusion of Economists from the Team, the economy is nose-diving.
She noted that members of the NES were in the past included in the Economic Management Team, for the required professional advice and guidance on whatever economic policy the Federal Government adopted.
Her words: “The practice assisted past governments in making sound economic policies, required by circumstances or situations on ground.
“However, the exclusion of Economists from the National Economic Management Team under the present administration, has glaringly shown in the adverse effects on the economy, which those who can read the indices and indicators correctly, can see is nose-diving.
“Our exclusion from the NEMT is seriously making the nation’s economy to be unstable, and somewhat directionless.”
Apart from being excluded from the NEMT, the NES President lamented that the various Ministries, Departments and Agencies, MDAs, are not patronising members of the society, for required expertise and capacity training of their staff.
She however, urged the National Assembly to expedite actions on consideration and prompt passage of the Bill which the NES forwarded to both Chambers, early in the year.
The Senate Minority Leader, Enyinnaya Abaribe, in his response, said that he was not surprised by the parlous state of the nation’s economy ,since those managing it have little or no knowledge on how to make it vibrant.
Abaribe’s words: “We are not surprised that the economy went into recession, and moving towards that direction again, since as disclosed here, required knowledge from the Experts is not being sought by the government.”
He however, assured the NES members that their Bill, already before both Chambers of the National Assembly, would be considered.
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