How Buhari can solve economic crisis

chika ebuzor

September 13, 2016 7:22 PM

The former minister advised the government to focus on the basics of macroeconomic stability, that it is key to rebuilding Nigeria’s economy.

Dr. Ngozi Okonjo-Iweala

Former minister of finance, Dr. Ngozi Okonjo-Iweala has proffered some solutions to the current economic crisis rocking Nigeria.

Okonjo-Iweala made the recommendations on an Al-jazeera interview program – The Stream.

According to Premium Times, she said “If you don’t pay attention to the fundamentals of having a stable and good exchange rate policy, inflation under control, manageable fiscal deficit and debts, there will continue to be trouble in the economy.”

The former minister also advised the government to focus on the basics of macroeconomic stability, adding that it is key to rebuilding Nigeria’s economy.

She also declined to answer a question posed to her, on her top three priorities, if she was the minister of finance, saying: “I have contributed the best I could to the country. It is still the most interesting country in the world. It is better to leave those who are managing now to say what they would do.

“All I can say is that there are solutions. Nigeria is a vibrant country. I love it so much. I know it is going to come out of this one way or another.”

When asked if she would serve in President Buhari’s cabinet, if called, the former minister also said “One of the things you learn as you get wiser is to talk less as you grow older.

“I have spent my time contributing to the country. It will be better to leave those managing the economy to do what they know how to do.

“I served my country for seven years and it was a great honour. The second time was very tough, but it was still an honour. I am not the only person who is a repository of knowledge. There are other people who can equally try their hands in running the economy.”

Dr. Ngozi Okonjo-Iweala also said Nigerian Governors did not let former President Goodluck Jonathan save funds from the crude oil surplus.

chika ebuzor