Ezekwesili knocks Buhari for bad economic policies

The presidential candidate of the Allied Congress Party of Nigeria, Dr Oby Ezekwesili, has faulted President Muhammadu Buhari’s administration over its economic policies.

Ezekwesili, who spoke on Sunrise Daily, a live programme on Channels Television, on Monday, blamed Buhari, who is also the presidential candidate of the All Progressives Congress, for plunging the business sector into uncertainty amid global decline in oil prices.

The former Vice-President of the World Bank, while reacting to Buhari’s warning of more hard times ahead, said the President should admit that he does not have the solutions to the nation’s problems.

According to her, the best thing that the President can do is to admit that he does not have the answers to the key questions of building a prosperous Nigerian society.

She said, “The President does not like the private sector. The first master stroke of the President that was let out to the private sector was his exchange policy.

“That exchange policy destroyed the economy and we have not recovered from it. So, private sector, at the centre of our economic drive, is going to shift a lot of things.

“If you want to create sustainable, broad-based growth, then what government must do is become the engine room of intelligent, sound economic policies, fiscal policies, monetary policies. The President did a disservice to this country when he, more or less, began to dictate monetary policy, which is supposed to be from an independent central bank.”

Citing the economic turnaround of China, the ACPN candidate promised that her government, through effective economic policies, would create an enabling environment for the business sector.

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