Today's Trending

Obasanjo, Jonathan lacked political will to implement their plans, says Minister

According to reports, the Minister of State for Budget and National Planning, Zainab Ahmed, has noted that the administrations of former presidents Olusegun Obasanjo, Umaru Yar Adua and Goodluck Jonathan had good economic plans, regretting however that they lacked the political will to implement the plans.

zainab-ahmed

Speaking on Thursday at the‎ second presidential economic communication workshop in Abuja, the minister held that the administration of President Muhammadu Buhari was taking critical steps to get the country out of the present recession.

[pro_ad_display_adzone id=”60438″]

She identified one of the steps as “growing non-oil exports in the light of the competitive and comparative advantage created by the depreciation of the naira following the introduction of a market effective exchange rate.”

While stating that the government was working at reducing the 17.8 percent inflation rate, she disclosed that there was an improvement in capital importation, which she said rose to 46 percent in the second quarter of the year.

Ahmed stated that the government believed that the global price of crude oil might be low for a long time, hence it was making plans to forestall further negative impact on the economy.

“We have had very good plans, from NEEDS, Seven Point Agenda to Transformation Agenda. All of them were good plans, but the political will to implement them was lacking,” she said.

The minister also disclosed that the 2017 budget was ready, but that her ministry was waiting for the approval of the medium term expenditure framework‎, MTEF, before the proposal would be presented to the national assembly.

“The 2017 budget is ready, but we need the MTEF to be approved so we can make adjustments if there is a need for‎ an adjustment,” she added.

5 Comments on Obasanjo, Jonathan lacked political will to implement their plans, says Minister

  1. Issokay

    Like

  2. they had good economic plans but lacked the will to implement, you have bad economic plans and have the will to implement, the result is obvious, RECESSION

    Like

  3. May God deliver us from bad Economy

    Like

  4. yes they have good economic plans but lack will to implemant ..but they are much far better than you.. You hv bad plans , that’s why you are implementing recession in our country.. Look on how pple are suffering you are here talking about pple who are very much far better than you

    Like

  5. A PC shame unto you! None of your promises during your campaign has come true. Till 2019 you will keep on blaming others.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: