President Muhammadu Buhari presides over October 12 ,2016 Federal Executive Council meeting.
By Ifeyinwa Obi
A civil society organisation under ‘Coalition of Civil Society Groups’ has commended President Muhammadu Buhari for his “dogged approach in tackling” the hydra-headed Boko Haram terrorists and “solving” the two major challenges of insecurity and corruption that continues to confront the nation.
The group also expressed satisfaction with the successful implementation of “laudable” monetary policies such as the Bank Verification Number, BVN, Regulated Forex Regime and the Treasury Single Account, TSA, among others, by the Central Bank of Nigeria, CBN, noting that that are aimed at rebooting the economy.
These policies, CCSG observed “have no doubt brought discipline and sanity to the system.”
Reacting to critics of the President’s economic team over the nation’s current economic crisis, the union said it was rather an insult on the collective intelligence of Nigerians “for those responsible for the current state of our economy to have suddenly turned advocates of rapid economic growth and development through the use of media propaganda and campaign of calumny against this government in a bid to discredit your economic team.”
In the statement by its President, Etuk Williams, CCSG said that the obvious truth was that the nation’s economy had already been set on an “auto self-destruct” before the emergence of Buhari as President.
Expressing worry over the call by some people on the President to rejig his economic team and get an urgent solution to the problems, the body said that the current economic recession, “which did not come as a surprise to many has incidentally become the focal point of myopic criticisms by mischief makers with the clandestine motive of further pulling down an already fragile economy through unhealthy narrative to would be investors both locally and internationally.”
Noting that Nigeria was not the only oil producing nation that had been affected by the sharp decline in the price of crude, Williams said, “Not even the best of renowned economists from reputable ivory towers such as Harvard and Cambridge schools would have been able to halt the imminent recession.
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