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Ezekwesili reacts as Buhari dissolves Osinbajo-led economic team

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Oby Ezekwesili, former education minister, reacted to the appointment of President Muhammadu Buhari’s new economic team.

Buhari, on Monday, formed an Economic Advisory Council (EAC), dissolving the previous one led by Vice President Yemi Osinbajo.

The Presidency had said that the new team is composed of the following: Prof. Doyin Salami – President; Dr. Mohammed Sagagi – Vice President; Prof. Ode Ojowu – Member; Dr. Shehu Yahaya – Member; Dr. Iyabo Masha – Member; Prof. Chukwuma Soludo – Member; Mr. Bismark Rewane – Member; Dr. Mohammed Adaya Salisu – Secretary (Special Assistant Principal of the President, Development Policy).

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Reacting, Ezekwesili, on Tuesday praising Buhari for the appointment, urged the newly formed economic team to make it a priority to tell President Muhammadu Buhari how he has supposedly mismanaged the economy.

Speaking on his verified Twitter ID, Ezekwesili said the Economic Advisory Council system was copied from the US presidential system.

Ezekwesili wrote: “The creation of a Council of Economic Advisers is itself one of the characteristics of the US presidential system that we copy.

“Solid membership and that’s really great. I hope the first thing they do is tell the president how he managed the economy badly in the last 4 years.

“For those who jump in this timeline to say,‘ It was not the President who was in charge of the economy. It was the vice president who chaired the Economic Team, “don’t bother.

“The president managed the economy. All those bad monetary policy decisions were made by him.

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“Two, the president managed the economy. All those strange fiscal policy decisions were made by him. Both the CBN governor and the finance ministers were not acting on the basis of any decision of the economic management team. For WIA Now at least the economic claim is over.

“The EMT was actually chaired by the vice president who had no power over the central economic policy decisions. On the other side of the Presidency he didn’t care that he was the cannon fodder for all the extremely bad economic policy decisions.

“A president, not vice president, directs the economy. I know that.”