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