STFUand4kMeHARD:
President Muhammadu Buhari’s current economic policies bear a stark resemblance of those he promulgated during the military regime he led in the 1980s, a former Minister of Education and social critic, Oby Ezekwesili, has said.
Mrs. Ezekwesili said Mr. Buhari’s “archaic” and “opaque” economic principles are not only encouraging massive corruption and abuse of power, but also hurting the poor they was intended to help.
Mrs. Ezekwesili said this at The Platform, a yearly public policy forum that is currently underway in Abuja.
“During the first coming of this our new president, a command and control economic system was adopted.
“During that era, inflation spiralled. During that era, jobs were lost. During that era, the economic growth level dipped,” Mrs. Ezekwesili said. “That era wasn’t the best of eras in economic progress.”
“What did not work in 1984 cannot possibly be a solution in a global economy that’s much more integrated.”
Mrs. Ezekwesili said Mr. Buhari was rehashing the same “command and control” approach towards economic issues which has left the country’s economic indices worse off since he assumed office almost year ago.
“In over one year, the president is still holding to the premise that command and control is the only way out,” Mrs. Ezekwesili said. “In a year we have lost the single digits inflation status we maintained in past administrations.”
Foramfera
Mrs. Ezekwesili said Mr. Buhari’s distortion of foreign exchange system has left the poor it was intended to support even worse off.
“The president comes into this economic philosophy on the premise that he does not want the poor to suffer. I can relate to that, a leader must, especially a leader who knows that most of his votes came not from the elite but from the poor.”
“The problem though is that the intention and the outcome are diverged.
“The weakest and the most vulnerable suffer the impact of inflation the most. Enormous power is being abused as a result of opaque economic policies.
“Companies are suddenly finding themselves unable to produce because they’re unable to access foreign exchange,” Mrs. Ezekwesili said.
Mrs. Ezekwesili, therefore, urged Mr. Buhari to sit down with his administration officials and reconsider the impact his polices have had on the nation’s economy, quoting an American parlance that says if something is not broken there’s no need fixing it”.
“Mr. President should sit with his team and look at the economic evidence that speaks loudly. It’s time to sit back and review the well-intended idea of command and control economic principle.
“He should do what the Americans say that if it ain’t broken, don’t fix it,” Mrs. Ezekwesili said.

Source:

http://www.premiumtimesng.com/news/headlines/202672-buharis-economic-policies-opaque-archaic-ezekwesili.html

Splinz:
The woman is simply echoing what reasonable minds have been saying. Buhari is still in the stone age & is yet to come to reality. So sad he's still adamant despite all entreaties to reverse his disastrous economic policies.

989900:
I can't fault her criticisms, but I was looking for her alternative suggestions; can't find one.

oduastates:
I PREDICTED THIS CRISIS IN 2014 WHEN ALL THESE SO CALLED EXPERTS WERE SHOUTING TRANSFORMATION AGENDA AND "LARGEST" ECONOMY IN THE WORLD.
I wrote about exactly what was going to happens
I beg to disagree.
The Nigerian non-economy has always been non-existent.
Take a trip to a high brow hotel, political gathering or an international/domestic airports and you would think that Nigeria is a country full of industrialist and big corporations with all the big cars, 95% of American cannot afford, private jets and $1,000 cocktails being quashed in bars on the island.
Only Buhari or the Niger Delta militants can do Nigerians a favour.
Switch off the damn oil so that Nigerians can grow some brains.
Just like Mao and Stalin taught their people a bitter lesson in self reliance.
Shape up or starve to death.
We go through the motion of copying oyinbos like our so called democracy .
Stock market ,capital markets and all that crap.
In reality, there is a barely a trace of governance, functioning economy and all.
This is why the devaluation, revaluation or the appreciation of the currency makes no difference.
The biggest jokes
How else can you determine?
The relationship between rents and buying houses.
Those housing prices are same or more in many Nigerian cities than in many places in America,Canada and uk.
Yet you get more from renting in those 3 countries.
There you have it. An absolute disconnect.
The crap we import are not only of less quality than the equivalent bought overseas, they are also more expensive.

Firefire:


I no even get time for the useless ediots comments again.

Even if Buhary later retraces his steps, it is already too late. WE WARNED THE ZOMBIES AGAINST VOTING for the virus called 'buhary'.

SeverusSnape:


^^^ But some despicable zombies said there's no more corruption meanwhile the corrupt practices being perpetrated now is the worst ever.

By the way, Why is she squalling??... Wasn't she among those who said the dullard is the best thing to happen to this country??... Now she knows she has been scammed.

P.S: I appeal to all wailers chairmen nationwide not to sell the 'wailers' form' to her. She remains a zombie.

SeverusSnape:


^^^ But some despicable zombies said there's no more corruption meanwhile the corrupt practices being perpetrated now is the worst ever.

By the way, Why is she squalling??... Wasn't she among those who said the dullard is the best thing to happen to this country??... Now she knows she has been scammed.

P.S: I appeal to all wailers chairmen nationwide not to sell the 'wailers' form' to her. She remains a zombie.

onatisi:


Obj is presently writing his own demonic letters ,you will laugh tire when he makes it public . Nigerians will never learn and that is a major reason why they will keep on suffering

dunkem21:


Guilty conscience don kill me finish ..
I gave her the last wailing form before she exited NL ..
Sorry for not circulating the memo

STFUand4kMeHARD:


Some senior zombies are beginning to tap into reality

989900:
I can't fault her criticisms, but I was looking for her alternative suggestions; can't find one.

BeardedMeat:
She did give it, she said if it aint broken, don't fix it. The past administrations was better.

STFUand4kMeHARD:
President Muhammadu Buhari’s current economic policies bear a stark resemblance of those he promulgated during the military regime he led in the 1980s, a former Minister of Education and social critic, Oby Ezekwesili, has said.
Mrs. Ezekwesili said Mr. Buhari’s “archaic” and “opaque” economic principles are not only encouraging massive corruption and abuse of power, but also hurting the poor they was intended to help.
Mrs. Ezekwesili said this at The Platform, a yearly public policy forum that is currently underway in Abuja.
“During the first coming of this our new president, a command and control economic system was adopted.
“During that era, inflation spiralled. During that era, jobs were lost. During that era, the economic growth level dipped,” Mrs. Ezekwesili said. “That era wasn’t the best of eras in economic progress.”
“What did not work in 1984 cannot possibly be a solution in a global economy that’s much more integrated.”
Mrs. Ezekwesili said Mr. Buhari was rehashing the same “command and control” approach towards economic issues which has left the country’s economic indices worse off since he assumed office almost year ago.
“In over one year, the president is still holding to the premise that command and control is the only way out,” Mrs. Ezekwesili said. “In a year we have lost the single digits inflation status we maintained in past administrations.”
Foramfera
Mrs. Ezekwesili said Mr. Buhari’s distortion of foreign exchange system has left the poor it was intended to support even worse off.
“The president comes into this economic philosophy on the premise that he does not want the poor to suffer. I can relate to that, a leader must, especially a leader who knows that most of his votes came not from the elite but from the poor.”
“The problem though is that the intention and the outcome are diverged.
“The weakest and the most vulnerable suffer the impact of inflation the most. Enormous power is being abused as a result of opaque economic policies.
“Companies are suddenly finding themselves unable to produce because they’re unable to access foreign exchange,” Mrs. Ezekwesili said.
Mrs. Ezekwesili, therefore, urged Mr. Buhari to sit down with his administration officials and reconsider the impact his polices have had on the nation’s economy, quoting an American parlance that says if something is not broken there’s no need fixing it”.
“Mr. President should sit with his team and look at the economic evidence that speaks loudly. It’s time to sit back and review the well-intended idea of command and control economic principle.
“He should do what the Americans say that if it ain’t broken, don’t fix it,” Mrs. Ezekwesili said.

Source:

http://www.premiumtimesng.com/news/headlines/202672-buharis-economic-policies-opaque-archaic-ezekwesili.html

SeverusSnape:


^^^ But some despicable zombies said there's no more corruption meanwhile the corrupt practices being perpetrated now is the worst ever.

By the way, Why is she squalling??... Wasn't she among those who said the dullard is the best thing to happen to this country??... Now she knows she has been scammed.

P.S: I appeal to all wailers chairmen nationwide not to sell the 'wailers' form' to her. She remains a zombie.

VEE2010:
Aunty Oby, this is the first time you're saying the truth in your public life. I suppose your brain has been positively formatted since you were bounced back from Aso villa. I understand your rants are borne out of the fact that, you are the only outstanding figure still not compensated after the historic role played using BBOG campaign to undo the previous admin. I learned the Principal of federal girls college, Chibok was abundantly rewarded as commissioner in Borno leaving only you sidelined. Maybe because, you were once a minister hence no position lower than that will match your aspiration. However, I think your recent rants came so early because PMB must have been cooking something for you, maybe foreign mission appointment or something. Why not refrain from this attitude of ranting? After all, you knew PMB will not facilitate any positive change but your action then was based on your envisaged personal gains. Pls, let there be peace as I hope you remain silent!

989900:
I can't fault her criticisms, but I was looking for her alternative suggestions; can't find one.

DIKEnaWAR:
If this is true, I salute her courage for standing for the truth, now that most people in her category are afraid to talk.

I hope that God intervenes in this country again like he always do when a leader who wants to inflict hardship on his people or derail this country comes on the scene. If Buhari is allowed to run this 'normadic' economic policy of his for four years, this country might crash.


PS: this is not about wailer or zombie. Anyone that genuinely love this country ought to be worried in the direction Buhari is carrying us. There is no economic policy in place in a country of almost 180 million people. We all should be worried and make this government sit up.

From GEJ to Buhari is like from frying pan to fire. Time we tried our technocrats for the office of President.