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Nairaland Forum / Nairaland / General / Politics / President Buhari Commends Economic Team (7559 Views)
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President Buhari Commends Economic Team by presidency: 10:28pm On Jun 30, 2020 |
STATE HOUSE PRESS RELEASE PRESIDENT BUHARI COMMENDS ECONOMIC TEAM, WANTS NIGERIA’S QUICK EXIT FROM UNDER-DEVELOPMENT President Muhammadu Buhari Tuesday in Abuja appreciated the outstanding support and guidance provided by the Presidential Economic Advisory Council (PEAC) which he described as a “tutorial,” urging the members to do more to help the country exit “our very terrible state of development.” Speaking during a virtual audience with members of the PEAC, the President said: “We are a country characterised by a large population of poor people, serious infrastructure deficit, lack of housing and a vulnerable economy now haunted by the COVID-19 pandemic and collapse of the oil sector and its effect on the Gross Domestic Product (GDP).” The PEAC, while making a presentation to President Buhari, had commended the administration for implementing several of its recommendations, even as it presented the government with a number of tough choices to make in order to put the country’s economy on a higher growth path. The Chairman of PEAC, Prof. Doyin Salami, who led the presentation, specifically expressed delight with the ongoing review of the Medium Term Expenditure Framework (MTEF) and the 2020 Budget in view of the disruptions caused by COVID-19; the deregulation of the pump price of Premium Motor Spirit (PMS); approval for the implementation of the Oronsaye Report on the need to rationalise and restructure federal ministries, departments and agencies (MDAs), as well as the adjustment of the exchange rate of the Naira. He however, noted that more needed to be done to increase efficiency, coordination and accountability on the part of MDAs. The PEAC welcomed the Economic Sustainability Plan (ESP) produced by the Economic Sustainability Committee (ESC) headed by Vice-President Prof. Yemi Osinbajo and adopted by the Federal Executive Council (FEC), but warned that in the implementation of the N2.3 trillion spending plan, there could arise a number of problems which if unattended, could hamper smooth implementation. The Committee advised among others, that the ESP should be implemented using existing institutional and administrative structures; attention be paid to sources of funding to avoid inflation; ensure that priorities, targets and time limits be set for all projects to make for their completion within the 12-month life-span of the ESP, and where this is not achieved, such projects should be rolled into the new Economic Recovery and Growth Plan (ERGP II). The PEAC recommended that the ESP must promote “export-oriented production strategies;” ensure the use of local resources; curtail post-harvest losses in agriculture now put at between 40-60 per cent and above all, the need to make the economy attractive to “non-debt” private sector-funded investment in order to cut the rising cost of debt services. Other recommendations included the need to embark on mass housing schemes to create jobs financed through a Public Private Partnership arrangement; the urgent need to move away from multiple exchange rates to a unified currency exchange rate, and to do all that is necessary to continue to ease the environment of doing business in the country. President Buhari accepted the immediate need to activate the proposal by the PEAC on the Public Policy Coordinating office under the office of the Secretary to the Government of the Federation as he gave further assurances that “we will continue to listen to you and do our best.” Other members of the PEAC are Dr Mohammed Sagagi – Vice-Chairman; Prof. Chukwuma Soludo; Prof. Ode Ojowu: Dr Shehu Yahaya; Dr Iyabo Masha; Mr Bismarck Rewane and Dr Mohammed Salisu – member/Secretary. Garba Shehu Senior Special Assistant to the President (Media & Publicity) June 30, 2020 7 Likes 1 Share
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Re: President Buhari Commends Economic Team by Elsadam(m): 10:51pm On Jun 30, 2020 |
Nigeria shall be great again 9 Likes 5 Shares |
Re: President Buhari Commends Economic Team by flyingpig: 10:56pm On Jun 30, 2020 |
Commends Economic team for what exactly One day Buhari will commend Nnamdi Kanu. 5 Likes |
Re: President Buhari Commends Economic Team by Deputy1111(m): 5:20am On Jul 01, 2020 |
With the results from the ESC, I can see Nigeria moving forward |
Re: President Buhari Commends Economic Team by okefrancis: 5:23am On Jul 01, 2020 |
This is to tell you that president values the hardworking of his vice president 11 Likes 3 Shares |
Re: President Buhari Commends Economic Team by okefrancis: 5:24am On Jul 01, 2020 |
flyingpig:So he shouldn't commend the good work of his vice president or what are you saying 10 Likes 2 Shares |
Re: President Buhari Commends Economic Team by okefrancis: 5:24am On Jul 01, 2020 |
Elsadam:By God grace 8 Likes 2 Shares |
Re: President Buhari Commends Economic Team by MANNABBQGRILLS: 5:25am On Jul 01, 2020 |
God bless our darling Daddy and his amiable vice president. THE best president in the history of our darling nation : Nigeria will be great again. God bless Nigeria. 10 Likes 3 Shares
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Re: President Buhari Commends Economic Team by MANNABBQGRILLS: 5:25am On Jul 01, 2020 |
Elsadam:GOD BLESS YOU AND YOURS. FAVOUR FOLLOW YOU everywhere you go. Correct person. Positive minded individual. We want more of your type on this forum, not like some people that say they live in zoo, hence, behaving like animals on every thread . GOD BLESS NIGERIA. Elsadam:Amen and Amen. Btw, we no be Bro ooo. We are simply WE! 13 Likes 4 Shares |
Re: President Buhari Commends Economic Team by adioolayi(m): 5:25am On Jul 01, 2020 |
PMB slowly repositioning Nigeria's Economy....ride on 5 Likes 1 Share |
Re: President Buhari Commends Economic Team by Presegs(m): 5:26am On Jul 01, 2020 |
Re: President Buhari Commends Economic Team by MANNABBQGRILLS: 5:26am On Jul 01, 2020 |
flyingpig:Wetin bring Cownu enter dis matter now? WHY NOT keep silent if you have nothing reasonable to type. Sometimes, silence is golden kiddo 6 Likes 3 Shares |
Re: President Buhari Commends Economic Team by MANNABBQGRILLS: 5:28am On Jul 01, 2020 |
okefrancis:CONFIRMED!! 4 Likes 3 Shares |
Re: President Buhari Commends Economic Team by TheRareGem1(f): 5:31am On Jul 01, 2020 |
The Committee so far has been wonderful so far. The way they have been able to work in conjunction with EFCC and ICPC have been excellent. 2 Likes 1 Share |
Re: President Buhari Commends Economic Team by Waterypussy2(m): 5:33am On Jul 01, 2020 |
post=91253320:yen yen yen yen yen yen yen yen... 3 Likes |
Re: President Buhari Commends Economic Team by money121(m): 5:34am On Jul 01, 2020 |
Nice one 2 Likes 2 Shares |
Re: President Buhari Commends Economic Team by baby124: 5:34am On Jul 01, 2020 |
Nigerian economy is in shambles. We are only borrowing but not creating any value or wealth. Stop lying abeg 4 Likes 1 Share |
Re: President Buhari Commends Economic Team by ILoveDemMANNA: 5:34am On Jul 01, 2020 |
Waterypussy2:when there is nothing upstairs to type again, na only yen yen yen wey dey ring inside ur brain since last night, brain go give u type. of all monikers in d world, see wetin ur brain say make u open nairaland with...say no more 6 Likes 3 Shares |
Re: President Buhari Commends Economic Team by Waterypussy2(m): 5:48am On Jul 01, 2020 |
ILoveDemMANNA:That's what I see whenever you, that suya guy and other gray-haired zombies type anything here on Nairaland. 4 Likes |
Re: President Buhari Commends Economic Team by helinues: 5:49am On Jul 01, 2020 |
Able VP is the one in charge.... So mind is at rest... 6 Likes 2 Shares |
Re: President Buhari Commends Economic Team by helinues: 5:50am On Jul 01, 2020 |
flyingpig: 4 Likes 1 Share |
Re: President Buhari Commends Economic Team by betterman22(m): 5:52am On Jul 01, 2020 |
Please talk and take action |
Re: President Buhari Commends Economic Team by Kingrefreshed: 5:52am On Jul 01, 2020 |
presidency: Worst Human being in the Whole wide world right now. Somebody should call Guinness book of records for me please. 1 Like |
Re: President Buhari Commends Economic Team by muuhoney: 5:54am On Jul 01, 2020 |
economic team for mouth... 1 Like 1 Share |
Re: President Buhari Commends Economic Team by blessedchild234(m): 5:56am On Jul 01, 2020 |
Good news in the morning, great one They shouldn't also forget to add the reduction of the dollar to 360#. |
Re: President Buhari Commends Economic Team by ovie8200: 5:57am On Jul 01, 2020 |
2 Likes |
Re: President Buhari Commends Economic Team by helinues: 6:00am On Jul 01, 2020 |
ovie8200: Kuku Tell us you don't want your country of birth to be great. Enemy of the nation 4 Likes 1 Share |
Re: President Buhari Commends Economic Team by Enyimbamercedes: 6:13am On Jul 01, 2020 |
Hope it was this economic team that told the President it makes economic sense to build a Gas pipeline to the North ! Let’s not have an economic team that ends on paper while another team is driving investments to the north! 1 Like |
Re: President Buhari Commends Economic Team by jumper524(m): 6:17am On Jul 01, 2020 |
osibanjo led economic team has done well in sustaining the economy and containing the inflation rate this covid-19 era when oil price fell below benchmark.. God bless the entire economic crew.. 1 Like |
Re: President Buhari Commends Economic Team by lomprico(m): 6:22am On Jul 01, 2020 |
Wankas! |
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