Experts task Buhari on economic team
In view of the lacklustre performance of the country’s economy recorded in the last four years, experts insist there is the compelling need for President Muhammadu Buhari to head-hunt creative and innovative minds to form the crux of his new economic team in his next government.
According to development experts and captains of industry, in rejigging the economic team, utmost consideration must be given to persons who combine capacity with integrity, as well as those who would rather give reasons why they succeeded, than continuing the blame game, which has been the hallmark of the administration.
With declining revenue and corruption in the bureaucracy as some of the country’s greatest challenges, they further not that the team must have the will power to carry out actions and enforcements to remove obstacles in the way of revenue generation.
And for the Organised Private Sector (OPS), immense premium must be placed on addressing parlous infrastructure in the country and unveiling policies that would further aid the Ease of Doing Business (EODB) in the country.
A development economist, Prof. Ken Ife: “As the revenue crisis is at the heart of debt sustainability and government budget deficit funding, Buhari needs to aggressively pursue and ensure that the Fiscal Responsibility Commission (FRC) implements the Operating Surplus Template so that the 122 MDAs would increase their remittance in volume and timeliness in order to increase government’s funding for projects, and to significantly reduce external borrowing for some non-viable and unsustainable capital projects.