Business

FG bows to pressure, invites experts to review economic plan

Published

7 years ago

November 10, 2016

The Federal Government has invited some economic experts to help review and fine tune its Medium Term National Economic Plan.

The invitation of the experts is geared towards allowing them have a say in the budget process and make it richer.

The experts that will brainstorm in Abuja, include Prof. Akpan Ekpo; Prof. Olu Ajakaiye; Prof Joe Umoh; Dr. Obadiah Mailafia; Dr Ayo Teriba; Dr Dotun Sulaiman; Dr Ayo Salami; Mr Boda Agusto; Mr Bismarck Rewane; Mr Frank Nweke; Engr Mansur Ahmed; and Mrs Adepeju Adebajo.

Speaking on the development, the Minister of Budget and Planning, Senator Udoma Udo Udoma, said the outcome of the experts’ review will form the basis of the economic plan to be made public in December.

Udoma said: “We came in focusing on the economy, corruption and security. An economic management team was immediately put in place with the Vice President, Prof. Yemi Osinbajo, in charge.

‘’We worked out a plan and started off with the 2016 budget to reflate the economy; then we moved on to the Strategic Implementation Plan, SIP, of the budget”, he stated.
By Timothy Enietan-Matthews…

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Click to comment

Roland Uchendu Pele

November 10, 2016 at 9:04 am

“We came in focusing on the economy, corruption and security. An economic management team was immediately put in place with the Vice President, Prof. Yemi Osinbajo, in charge.”

As par security, it is E8, for corruption, let’s say C6, but economy, it is F9. You failed, Osinbajo! You failed.

Reply
- Amaka Okoro
  
  November 11, 2016 at 2:21 am
  
  How can you say osinbanjo failed..please in what area is it the area of telling the truth or what explain because i don’t understand your failed
  
  Reply
yanju omotodun

November 10, 2016 at 10:22 am

And who said these people invited are experts? That they are professors and PhD holders do not qualify them to be experts. There is different between professor in book and professor in managing budget with natural acumen. Pick people from different works of life, I mean carpenters, plumbers, fashion designers , electricians, then few educationists to brainstorm how to resuscitate the economy . Nigerians are not for book again , we need practical people in economic business.

Reply
- JOHNSON PETER
  
  November 10, 2016 at 8:38 pm
  
  What will plumbers, carpenters and the rest you mentioned do about the economy? What do they understand about the economy?
  I am sure you are a stark illiterate.
  
  Reply
  - Joy Madu
    
    November 11, 2016 at 2:33 am
    
    Serious illiterate no be small one wating concern carpenter and economy mumu
    
    Reply
Animashaun Ayodeji

November 10, 2016 at 11:48 am

It is imperative to have the problems reviewed before finding solutions. How can we fight recession when we don’t know what caused it and how far the recession has eaten deep into Nigeria’s economy?

Reply
- chichi emerue
  
  November 11, 2016 at 1:55 am
  
  How can you say you don’t know what causes recession in this country when we all know is from the president who decide to sell all our shells and turn us to begger
  
  Reply