A former Deputy Governor of the Central of Nigeria (CBN) Kingsley Moghalu on Tuesday said the members of the newly inagurated Economic Management Team are competent and he hopes President Muhammadu Buhari’s will listen to them.
Mogahlu who spoke during an interview on Channels Television’s Politics Today on Tuesday said he hopes the President will listen to them and take their advice.
“This Council will advise the President but we hope that the President will listen to their advice. The team as composed in this Council is a competent team, there is no question about it.
“But we want to see that he will listen to their advice. When the Council advises the President, if the President agrees with their advice, he should now direct the ministers to execute these economic agendas,” he said.
Moghalu, who is also the presidential candidate of the Young Progressives Party (YPP), explained that the ministers will not be part of the EMT because they are burdened with the responsibility of managing the nation’s economy.
Speaking further, he noted that the Economic Advisory Council set up by the President to replace the disbanded EMT must be independent while reporting directly to the Commander-in-Chief.
While calling on the Federal Government to effectively engage with and consult the private sector, Moghalu wants Vice President Yemi Osinbajo to be carried along with key economic decisions of the Council.
When asked of his views on President Buhari’s efforts to lift over 100 million Nigerians from poverty, Professor Moghalu noted that was a good initiative.
He noted that for the feat to be made, the Federal Government must put in place the needed blueprint that will be a work in progress, adding that “a foundational economic philosophy for the Nigerian state” must be created.
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