Thursday, 1 December 2016

Recession: Profesionals are not being allowed to give direction of the economy, CBN chief says


Director of Policy of the Central Bank of Nigeria, CBN, Moses Tule, has said that the apex bank is addressing the current economic recession using wrong tools. Tule said this when he spoke at the Chartered Institute of Bankers of Nigeria, CIBN, roundtable meeting organised on the current economic recession in Abuja on Tuesday November 29th. According to Tule, professionals are not being allowed to give direction to the economy.

“Some came in as doctors into the macro-economic management and are giving the tools of medical doctors to advise on how to solve the problem of recession. Some came in as carpenters and they are using carpentry tools to advise on the problems of economic recession; some came in as engineers and they are using their tools to advise on how to address economic recession. They have not allowed the professionals to do their jobs. They have not allowed the professional to provide the direction”he said

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