I don’t need an ‘economic team’ — Buhari

Emir Sanusi spoke without facts: this government has excess money - Buhari

President Buhari has reacted to insinuations that his administration lack an economic team.

The president stated that he is averse to incorporating individuals from the private sector.

According to the President, such persons frequently steer government policies to suit their own narrow interests.

“The Vice-President heads our Economic Management Team.

“You have Finance Minister, Minister for Industry, Budget and Planning Minister.

Read Also: Buhari admits he mismanaged Nigeria’s economy.

Then “Trade and Investments, Governor at the Central Bank, National Economic Adviser and others.

“Some still ask for a team. I don’t know how they define the word ‘team.’

“We will listen to everybody.

“However, we are averse to economic team whose private sector members frequently steer government policy to suit their own narrow interests rather than the over-all national interest.

“My wish is that we will truly change the way we do things in Nigeria.

“Therein lies the future of our country as a great entity.

Read Also: Nigerian economy worsens under President Buhari.

“I also wish for a fully diversified Nigerian economy which is no longer dependent on oil.

“I hope to see a Nigeria where every naira that comes into the treasury is used for the good of the people, particularly, the ordinary people,” President Buhari said.

Recall that former president Goodluck Jonathan encouraged private – public partnerships.

His partnership included private sector players such as Mr. Tony Elumelu, Mr. Aigboje Aig-Imoukhuede, Alhaji Aliko Dangote, Mr. Femi Otedola, and Mr. Atedo Peterside.

The National Chairman of the Unity Party of Nigeria, Dr. Frederick Fasehun, had asked President Muhammadu Buhari, to constitute a fresh Economic Team.

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According to Fasheun, “A review of Buhari’s Economic Team shows that it is made up of persons occupying their offices by nepotism and political expediency.

“Buhari’s current cabinet is an insult to Nigerian economic wizards at home and in the Diaspora.

“This weakness became apparent with the mishandling of the 2016 budget.

“There is an urgent need for a complete overhauling of the government’s Economic Team.

This comes on the heels of Minister of Finance’s declaration that the Nigerian economy is “technically under recession.”