Concerted efforts to address the country’s economic challenges intensified as President Muhammadu Buhari’s Economic Management Team.
Held a consultative forum with a team of notable economic and financial experts at a meeting Tuesday presided over by Vice President Yemi Osinbajo.
At the parley, strategies and suggestions on how best to reflate the economy, bring it out of recession and promptly restore growth topped the agenda, with the Vice President expressing the President’s determination to continuously consider and adopt policies that would boost business, increase employment and provide succor to the poor and disadvantaged.
Vice President Yemi Osinbajo said the federal government will continue to engage with experts and other stakeholders to measure progress of the economic policies that have been put in place.
He said the challenges are many but the opportunities are much greater, and that the country is clearly on the path to building an economy that will create jobs and ensure inclusive growth.
Issues discussed at the consultative forum include the review of the new foreign exchange regime and its effect on the economy as well as the draft medium term economic framework for 2017-2019.
The economic management team made a plethora of suggestions on how to reflate the economy, especially through massive infrastructural spending with active private sector participation, ensure pro-people economic policies, and increase the supply of dollars to the forex market among other issues.
Minister for Budget & National Planning, Udoma Udo Udoma briefed the media after the meeting.
The economic management team meets weekly and also holds special consultations with members of the private sector and economic experts from time to time.