A former Deputy Governor of the Central of Nigeria (CBN) Kingsley Moghalu on Tuesday said the members of the newly inaugurated Economic Management Team (EMT) are competent and he hopes President Muhammadu Buhari’s will listen to them.
“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.
He also called on the Federal Government to effectively engage with and consult the private sector, adding that Vice President Yemi Osinbajo should 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 concluded 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.