Buhari’s choice of economic team making economy unstable, directionless –NES

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
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H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA

On Tuesday, the Nigerian Economic Society (NES), a private-sector economic think-tank, said the lack of inclusion of its members in the National Economic Management Team of President Muhammadu Buhari is disturbing the economy, and leaving it directionless.

During the association's visit to the Senate Minority Caucus, NES President Sarah Anyanwu noted that NES members were made part of previous economic management teams in recognition of their technical advice and insights into the policies of the government.

“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.”

NES is also facing a dearth of patronage from ministries, departments and agencies in the field of employee growth of its services.

Both the Senate and the House of Representatives were called upon by Professor Anyanwu to speed up efforts on the company's bill submitted to the National Assembly earlier in the year.

“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,” said Enyinnaya Abaribe, the Senate minority leader.