Economic society says Nigerian economy unstable, directionless under Buhari,

The Nigerian Economic Society NES on Tuesday berated the government of President Muhammadu Buhari, over its handling of the economy, which it said was directionless and unstable.

The President of the NES, Prof Sarah Anyanwu, who stated this when she led members of the society on a visit to the Senate Minority Caucus, lamented that Buhari’s government 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, 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.

The Senate Minority Leader, Enyinnaya Abaribe, in his response, said he was not surprised by the parlous state of the nation’s economy since those managing it had little or no knowledge on how to make it vibrant.

He, however, assured the NES members that their bill, already before both chambers of the National Assembly, would be considered.

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