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London newspaper, The Economist, has described the new manager of Nigerian money matters, talking of Minister of Finance, Mrs Kemi Adeosun, as poorly qualified for the position.

Mrs. Adeosun, who hold a degree in Economics from the University of East London and Post Graduate degree in Public Financial Management from University of London, has been lashed with comments since appointed by President Muhammadu Buhari as to whether the Madam minister is qualify to revamp the nation from its current economic downturn.

The Economist has always show keen interest in Nigeria’s affairs, as barely a week ago, the newspaper wrote an article criticizing Governor Akinwunmi Ambode of Lagos that he was making so much noise and doing little. The newspaper sited example of Lagos traffic that has gotten worse since former governor Fashola left office.


The Economist, however, described the Minister for Trade and Investment, Mr. Okechekwu Enelamah as a “respected businessman”, but unfortunately he “may lack the clout to stand up to the president”.

According to the publication, “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.

“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 report further quoted the lawmaker representing Kaduna central senatorial district in the National Assembly, Senator Shehu Sani, as describing the cabinet as “a government with local professionals and without superstars.”

We wish Senator Sani didn’t utter such statement because it doesn’t take superstars to perform or deliver but dedication and willingness to harness available resources. Nigeria has experimented enough with professionals who did well abroad but failed when given public office at home, perhaps this prompted President Buhari to seek some fresh blood to introduce into his cabinet.

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