Why I Won’t Include Private Sectors In My Economic Team – Buhari 


President Muhammadu Buhari has explained that his reason for scrapping the private sectors off his economic team is none other than their propensity to stir government’s policies to suit their own personal interest.

The President also responded to critics who said that he does not have an economic management team and he assured that he already appointed an economic team which is headed by Vice President Professor Yemi Osinbajo.

See Also: How to Survive Nigeria’s Economic Problems – Foluke Daramola

Buhari made this known in an interview made available to State House correspondents on Sunday, July 24, by Senior Special Assistant to the Vice President on Media, Laolu Akande.

Excerpt from the interview says that while Buhari’s government would still listen to everyone, it will not include private sector individual members of the National Economic Management Team (NEMT).

Why I Won't Include Private Sectors In My Economic Team - Buhari 
Tony Elumelu (with microphone) on World Economic Forum.

In his own words the President said:

“We will listen to everybody, but we are averse to economic teams whose private sector members frequently steer government policy to suit their own narrow interests rather than the over-all national interest.”

Responding to questions about his economic team, Buhari said:

“You have a finance minister, a budget and planning minister, a minister for industry, trade and investments, a governor of the Central Bank, a national economic adviser and others. Yet, some still ask for a team. I don’t know how they define the word team.”

The statement also read that though the Buhari administration was averse to interested private sector members, its economic team regularly consulted with different representatives of the private sector and other stakeholders.

Buhari, in the statement, promised that his administration “will truly change the way we do things in Nigeria, therein lies the future of our country as a great entity — a situation where by Nigeria will no long depend on oil alone; a Nigeria where every Naira that comes into the treasury will be used for the good of the ordinary people and the nation.”

See Also: President Buhari Reveals Why He Was Overthrown By Babangida

Recall that during the administration of former President Goodluck Jonathan, members of the private sector, such as Tony Elumelu, Atedo Peterside, Aliko Dangote,  Aigboje Aig-Imoukhuede, and Femi Otedola, were part of the economic management team.

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