Economist Newaspaper Criticises Buhari's Finance Minister.

Kemi Adeosun- Finance Minister

The Economist, English newspaper, took a swipe at new minister, stating that she poorly qualified to manage the country’s economy.

In its assessment on the ministers of President Muhammadu Buhari, the newspaper defined Okechukwu Enelamah, the minister for trade and investment, as “a respected businessman”, but stated that he “may lack the clout to stand up to the president”.

“Africa’s biggest economy, which relies on oil for 70% of its revenue, is sputtering as prices fall. Economic policy has been adrift since Mr Buhari came to power, and investors complain about the central bank’s use of trade controls and import restrictions,” it reads.

“However, the new finance minister, an accountant who cleaned up the books of one of Nigeria’s smaller states, is poorly qualified for the job.

“Her counterpart in the investment ministry is a respected businessman, but he may lack the clout to stand up to a president with statist leanings.

The review cited Shehu Sani, senator representing Kaduna central senatorial district, as saying:  “It’s a government with local professionals and without superstars.”

Adeosun, who is considered to better Ngozi Okonjo-Iweala, the immediate past coordinating minister of the economy, has over two decades experience in financing and capital management.

She has economics degree from the University of East London and a post graduate degree in public financial management from the University of London.

The minister also improved her financing skills at Price Water Coopers and Chapel Hill Denham Management.

Adeosun was the commissioner for finance in Ogun state, from 2011 to 2015, a post she was to retain, before Buhari’s appointment.

On the other hand, Enelamah firstly trained as a medical doctor, but went on to succeed as a chartered accountant, earning an MBA from the Harvard Business School.

Source: NAIJ.com