Thursday 26 January 2017

Meanwhile, Wenger is set to accept the FA misconduct charge after his bust-up with fourth official Anthony Taylor during Sunday’s win over Burnley. It is hoped that may lessen the punishment with the FA yet to rule out a stadium ban.

TINUBU: APC's economic policies not doing the country much good

Ahmed Bola Tinubu, acclaimed National Leader of the ruling All Progressives Congress (APC), is worried that his party may be running the Nigerian economy aground.
He has, therefore, sought a quick review of the economic policies being pursued by the Buhari-led administration.
Tinubu raised the alarm
on Wednesday while addressing an elite audience at the National Defense  College, Abuja. He had been invited to deliver a public lecture on, “Strategic Leadership: My Political Experience”
Managers of the Nigeria economy, he argued, must come to terms with the desire of most people for a restructured system where true federalism reigns as “unjust allocation of resources makes a fertile ground for extremism.”
Tinubu cautioned the administration not to get sucked in by its current victories on the security front saying, “We now have to shift primary focus to the economic front.”
For him, there was an urgent need “to move closer to the overarching vision.”
Insisting there was no better choice than to “speak truth to power,” Tinubu said, “The desired economic restructuring will require a change in economic mindset and strategy. We must avoid the nostrums of mainstream orthodoxy that say government deficits are always bad.
“In the situation we face, deficit spending is essential to bolster aggregate demand and direct funds to projects that build infrastructure and bolster employment.
He added, “We must have better harmonize monetary policy with fiscal policy. It undercuts our goals if monetary policy is unduly tight at a time fiscal policy begets deficit spending.
“We must also realign trade policy with our need to create a meaningful industrial base and more potent agricultural sector. We can no longer allow cheap imports to preclude the development of industries and sectors strategic to our enduring economic future.”
Buhari’s handling of the economy has received sharp criticisms for perceived lack of direction with very senior cabinet members embarrassingly disagreeing publicly on policy thrusts.
Inflation rate has hit the highest mark in over a decade with the manufacturing sector groaning over lack of basic inputs and job losses climbing to an all time high.
Worse still, the government has found it difficult to keep the oil taps flowing leading to dwindling oil revenue as militants consider the administration unwilling to find lasting solutions to their demands for resource control.
Tinubu’s position is seen by analysts as a gradual loss of confidence which, if not actively tackled, may further jeopardize APC’s reputation and goodwill.
Sources: Ripples Nigeria.

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