Economic recession: Melaye urges PMB to sack 3 officials

– Senator Dino Melaye has called on
President Muhammadu Buhari to
take drastic measures on the ailing
economic
– The chairman, Senate Committee
on the Federal Capital Territory said
the president must shake up hiscabinet with the immediate removal
of the minister of finance, Kemi
Adeosun, minister of budget and
national planning, Senator Udo
Udoma and the Governor of the
Central Bank of Nigeria (CBN)
Godwin Emefiele
– Melaye accused most of the
members of the cabinet of gross
incompetence and lack of capacity to
deliver on the mandate of their
ministries/agencies




The governor of the Central bank of
Nigeria (CBN), Godwin Emefiele,
budget and national planning
minister, Senator Udoma Udo Udoma
and minister of finance, Kemi
Adeosun
Senator Dino Melaye, representing
Kogi-West Senatorial District has
called on President Muhammadu
Buhari to take drastic measures on
the ailing economy, including the
immediate sack of the minister of
finance, Kemi Adeosun, minister of
budget and national planning,
Senator Udo Udoma and the
Governor of the Central Bank of
Nigeria (CBN) Godwin Emefiele.
Melaye in a statement in Abuja on
Sunday, September 4, said the
president must shake up his cabinet
and accused some members of
cabinet as lacking the capacity to
deliver on the mandates of their
ministries and agencies.
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He said Adeosun, Udoma and
Emefiele should be axed for the
economy to be effectively rebooted to
deliver on the change agenda of the
present administration.
Melaye said: “At the moment, it must
be crystal clear to all discerning minds
that the President’s widely-acclaimed
magical body language has lost its
presumed aura and efficacy. His no-
nonsense demeanor is equally neither
instilling fear nor commanding respect
and loyalty from among his cabinet
members.
“It is therefore obvious that the time for
barking is over; now is the time to bite
and boot out all those who have
demonstrated, in the past several
months, a crass lack of capacity to
effectively carry out the functions of
their office. ”
The All Progressives Congress
senator, also condemned Buhari’s
economic team led by Vice President
Yemi Osibanjo, saying that “their
decisions will not be and has never been
respected by the economic managers
and the bureaucracy in Nigeria.”
On Udoma Udo Udoma, he stated:
“To be sure, Senator Udoma Udo Udoma
is a very charismatic man, an
accomplished lawyer, and a
quintessential gentleman with a fairly
untainted reputation. In everyday
parlance, he is a good man. But the
critical job of Budget and National
Planning Minister for a huge country like
Nigeria, with her prevailing economic
challenges requires much more than
being a good man with a great
personality.”
On the CBN governor, Senator Melaye
pointed to his disastrous handling
and release of the so-called Dasuki-
gate funds which amounts to about
15 per cent of the nation’s foreign
reserves, policy flip-flops,
summersaults and inconsistencies as
clear evidence of gross
incompetence in the management of
the nation’s fiscal and monetary
policies. The net effect of this
inconceivable ineptitude on the part
of Emefiele, according to Melaye is
the free fall in the value of the naira
and the total loss of faith and
confidence by the international
community on the Nigerian economy.
Melaye urged the President to,
instead, constitute an ‘Emergency Ad
Hoc Economic Team’ made up of all
former ministers of finance, ex-
ministers of budget and national
planning, ex-CBN governors as well
as members drawn from the
academia with “deep knowledge of
developmental economics to drive
the economic revival programme.”