Economic Recession: Sack Adeosun, Emefiele, Udoma Now, Melaye Tells Buhari

Dino MelayeA member of the All Progressives Congress and senator representing Kogi West, Dino Melaye, has called on President Muhammadu Buhari to go beyond barking, and “bite” by sacking three prominent members of his Economic Team in view of the current economic hardships being faced by Nigerians.

The senator, in a statement he personally signed and issued in Abuja on Sunday, said the president must shake up his cabinet, and accused most of the members of gross incompetence, inexcusable ineptitude and a distressing lack of capacity to deliver on the mandate of their ministries and agencies.

Those to be shown the exit door without further ado if the economy must be effectively rebooted to deliver on the Change Agenda of the present administration, according to Melaye, include the Minister of Finance, Kemi Adeosun; her Budget and National Planning counterpart, Senator Udoma Udo Udoma and Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele.

He said: “At the moment, it must be crystal clear to all discerning minds that the president’s widely-acclaimed magical body language has lost its presumed aura and efficacy.

“His no-nonsense demeanour is equally neither instilling fear nor commanding respect and loyalty from amongst his cabinet members. It is therefore obvious that the time for barking is over, now is the time to bite and boot out all those who have demonstrated, in the past several months, a crass lack of capacity to effectively carry out the functions of their office.

“The Finance Minister has not only displayed gross incompetence on the job, she also lacks the basic and rudimentary grasp of economic fundamentals necessary to run a critical sector of the Nigerian economy like the Finance Ministry.

“It is time for her to go now and pave way for a qualified and experienced person to steer the Nigerian economy away from the dark woods it has sunk presently under her stewardship”.

On Udoma, he stated: “To be sure, Senator Udoma Udo Udoma is a very charismatic man, an accomplished lawyer, and a quintessential gentleman with a fairly untainted reputation.

“In everyday parlance, he is a good man. But the critical job of Budget and National Planning Minister for a huge country like Nigeria, with her prevailing economic challenges requires much more than being a good man with a great personality.

“It is for someone with the relevant qualification, professional knowledge and experience in public sector finance, development economics, strategic thinking, budgetary planning and management.

“As a lawyer, accomplished in this field as he is, Udoma’s appointment to that position is nepotism taken to very ridiculous heights; and a classic case of putting round pegs in square holes – it will, and can never fit. It is akin to saddling a carpenter with a tailor’s responsibility.

“The outcome under the circumstances, as has become evidently clear, is bound to be catastrophic for the economy. President Buhari must therefore do the needful now by relieving Udoma of this huge burden that is constituting a clog to the revival of the Nigerian economy”.

The senate committee chairman on the FCT did not spare Mr. Emefiele either, who he lambasted for his disastrous handling and release of the so-called Dasuki-gate funds, which he noted, amounts to about 15 per cent of the nation’s foreign reserves.

Other sins of the CBN governor in the view of Mr. Melaye, are his policy flip-flops, summersaults and inconsistencies, which he stressed are clear evidences of gross incompetence in the management of the nation’s fiscal and monetary policies.

“The net effect of this inconceivable ineptitude on the part of Emefiele, is the free fall in the value of the naira and the total loss of faith and confidence by the international community on the Nigerian economy”.

To reverse this trend, the Kogi senator urged President Buhari to summon courage to wield the big stick and give Emefiele the boot, to be replaced by a fiscal and monetary policy guru.

“We have these qualified Nigerians in abundance, and the President must beam his searchlight to find them to help him, the Nigerian economy as well as the suffering Nigerian masses”, he said.

He further called on the president to immediately discountenance the Economic Team currently under the supervision of the Vice President, Professor Yemi Osibanjo “as their decisions will not be; and has never been respected by the economic managers and the bureaucracy in Nigeria”.

In its stead, he advised President Buhari to constitute an “Emergency Ad hoc Economic Team”, whose membership should comprise all former ministers of finance, budget and national planning, CBN governors as well as members drawn from the academia with “deep knowledge of developmental economics to drive the economic revival programme”.

He said: “The president must immediately transit from mere rhetoric to drastic but positive action to save the economy and Nigeria from total collapse.

“The hunger in the land is real, pervasive, widespread and debilitating for the poor masses. As I walk the streets of my constituency these days, I constantly harbour a foreboding that I could be stoned by my angry constituents for the failure of Mr. President to fulfil his campaign promises and expectations to Nigerians”, Melaye said.

He warned: “Nigeria is tottering on a dangerous precipice, sliding perilously to a certain catastrophe if the current economic malaise is not halted immediately”, he declared, even as he said his criticism is borne out of an altruistic fervour, and not a product of sour grapes akin to some traditional critics of “Every Government in Power (EGIP)”.

Nigerians and Mr. President, he said, should be able to recall with little difficulty that he was a permanent fixture at the APC’s Presidential campaign rallies and events, functioning mostly as the Master of Ceremonies, MC.

“I am a proud APC Member, a party bonafide with a great stake in the success or failure of this administration, so no one can accuse me of sour grapes or meddlesomeness.

“I am a truly concerned stakeholder presently bothered by the imminent, clear and present danger of a still-birth of a Change Agenda that held so much hope and promise for Nigerians a little over a year ago.

“While there is a lot of hunger, anger, anguish and despair currently in the land, I have a firm belief that the situation is not beyond redemption for Mr. President, hence my call for urgent and drastic remedial action now”, Melaye concluded.


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