President Muhammadu Buhari’s economic team and strategy on Tuesday received criticism from the Nigerian Economic Society over its handling of the economy, which it said was directionless and unstable.
Prof Sarah Anyanwu, the President of the NES, stated this when she led members of the society on a visit to the Senate Minority Caucus, lamented that Buhari’s regime excluded economists from its economic management team.
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.
She said, “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 were 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 NES forwarded to both chambers early in the year.