In­con­sis­tency chal­lenge to Nige­ria’s eco­nomic sec­tor – Dev’t ex­pert

Daily Trust - - NEWS - By Abubakar Haruna

In­con­sis­tency in eco­nomic poli­cies is the ma­jor chal­lenge of Nige­ria’s eco­nomic sec­tor,an­ex­per­tonDevel­op­men­tE­con­omy andPublicFi­nan­cialMan­age­ment,Dr.Naz­ifi Ab­dul­lahi Darma has ob­served.

Dr. Darma who is a se­nior lec­turer in the Depart­ment of Eco­nom­ics, Univer­sity of Abuja made the ob­ser­va­tion dur­ing 2015 an­nual din­ner and lec­tures se­ries or­gan­ised by Nige­rian Eco­nom­ics Stu­dents As­so­ci­a­tion, (NESA), in col­lab­o­ra­tion with Mas­ters in Fi­nan­cial Eco­nom­ics Stu­dents (MFE) univer­sity at the week­end.

He said that de­vel­op­ing coun­tries like In­dia, Brazil, Malaysia, Sin­ga­pore among oth­ers are de­vel­op­ing due to their con­sis­tency, pre­dictabil­ity and sus­te­nance of na­tional de­vel­op­ment plan­ning cul­ture.

Ac­cord­ing to him, those coun­tries on a pe­ri­odic five years pe­riod, ar­tic­u­late a com­pen­dium of na­tional pol­icy di­rec­tion set­ting out key sec­toral pri­or­i­ties, ini­tia­tives, cost im­pli­ca­tions and im­ple­men­ta­tion strate­gies.

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In this re­gard, he main­tained that they don’t just wake up, an­nounced bud­get and tried to ad­dress eco­nomic prob­lems like Nige­ria.

He in­sisted that they al­ready had an ar­tic­u­lated in­di­ca­tion of what those prob­lems are and how they can be able to ad­dress those prob­lems.

Also speak­ing, Gover­nor of Mas­ters in Fi­nan­cialE­co­nomic­sS­tu­dents,Chuk­wueme Kennedy said that they or­gan­ised the pro­gram­me­toin­creasetheaware­nes­softhe stu­dents and public on Nige­ria’s fi­nan­cial econ­omy.

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