Business Nigeria's Recession: CBN Boss Laments Adamant Behavior of Govt

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LequteMan

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Director of Policy of the Central Bank of Nigeria, CBN, Mr. Moses Tule, lamented the state of the country's economy, saying the current recession is caused by the persistent application of ideas by non-professionals in economic positions.

“Some came in as doctors into the macro-economic management and are giving the tools of medical doctors to advise on how to solve the problem of recession. Some came in as carpenters and they are using carpentry tools to advise on the problems of economic recession; some came in as engineers and they are using their tools to advise on how to address economic recession.

“They have not allowed the professionals to do their jobs. They have not allowed the professional to provide the direction.” he complained.

He spoke at the Chartered Institute of Bankers of Nigeria, CIBN, roundtable meeting organised on the current economic recession in Abuja on Tuesday.
 

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