President Muhammadu Buhari\u2019s current economic policies are similar to<\/p>\n
those he promulgated during the military regime he led in the 1980s, a
\nformer Minister of Education and social critic, Oby Ezekwesili, has said.<\/p>\n
Mrs. Ezekwesili said Mr. Buhari\u2019s \u201carchaic\u201d and \u201copaque\u201d economic
\nprinciples are not only encouraging massive corruption and abuse of power,
\nbut also hurting the poor they was intended to help.<\/p>\n
Mrs. Ezekwesili said this at The Platform, a yearly public policy forum
\nthat is currently underway in Abuja.<\/p>\n
\u201cDuring the first coming of this our new president, a command and control
\neconomic system was adopted.<\/p>\n
\u201cDuring that era, inflation spiralled. During that era, jobs were lost.
\nDuring that era, the economic growth level dipped,\u201d Mrs. Ezekwesili said.
\n\u201cThat era wasn\u2019t the best of eras in economic progress.\u201d<\/p>\n
\u201cWhat did not work in 1984 cannot possibly be a solution in a global
\neconomy that\u2019s much more integrated.\u201d<\/p>\n
Mrs. Ezekwesili said Mr. Buhari was rehashing the same \u201ccommand and
\ncontrol\u201d approach towards economic issues which has left the country\u2019s
\neconomic indices worse off since he assumed office almost year ago.<\/p>\n
\u201cIn over one year, the president is still holding to the premise that
\ncommand and control is the only way out,\u201d Mrs. Ezekwesili said. \u201cIn a year
\nwe have lost the single digits inflation status we maintained in past
\nadministrations.\u201d<\/p>\n
PremiumTimes<\/p>\n","protected":false},"excerpt":{"rendered":"
President Muhammadu Buhari\u2019s current economic policies are similar to those he promulgated during the military regime he led in the 1980s, a former Minister of Education and social critic, Oby…<\/p>\n","protected":false},"author":1,"featured_media":29373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-48894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n