N457/N460 (updated 25.10.16:close)
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Sunday, 4 September 2016

Senator representing Kogi West at the National Assembly, Dino Melaye, has warned president Muhammadu Buhari to remove the "incompetent" minister of Finance Kemi Adeosun and Central Bank governor Godwin Emefiele before the Nigerian economy suffers more damage.

Melaye warned in a statement released today:
"I was a permanent fixture at the All Progressive Congress (APC’s) Presidential campaign rallies and events, functioning mostly as the Master of Ceremonies (MC). I am a proud APC Member, a party bonafide with a great stake in the success or failure of this administration, so no one can accuse me of sour grapes or meddlesomeness.

"As I walk the streets of my constituency these days, I constantly harbor a foreboding that I could be stoned by my angry constituents for the failure of Mr President to fulfill his campaign promises and expectations to Nigerians.

“The president must immediately transit from mere rhetoric to drastic but positive action to save the economy and Nigeria from total collapse. The hunger in the land is real, pervasive, widespread and debilitating for the poor masses.

"The finance minister has not only displayed gross incompetence on the job, she also lacks the basic and rudimentary grasp of economic fundamentals necessary to run a critical sector of the Nigerian economy like the finance ministry. It is time for her to go now and pave way for a qualified and experienced person to steer the Nigerian economy away from the dark woods it has sunk presently under her stewardship.

"To be sure, Senator Udoma Udo Udoma is a very charismatic man, an accomplished lawyer, and a quintessential gentleman with a fairly untainted reputation. In everyday parlance, he is a good man. But the critical job of budget and national planning minister for a huge country like Nigeria, with her prevailing economic challenges requires much more than being a good man with a great personality.

"As a lawyer, accomplished in this field as he is, Udoma’s appointment to that position is nepotism taken to very ridiculous heights; and a classic case of putting round pegs in square holes-it will, and can never fit. It is akin to saddling a carpenter with a tailor’s responsibility. The outcome under the circumstances, as has become evidently clear, is bound to be catastrophic for the economy. President Buhari must, therefore, do the needful now by relieving Udoma of this huge burden that is constituting a clog to the revival of the Nigerian economy.

"The net effect of this inconceivable ineptitude on the part of Emefiele is the free fall in the value of the naira and the total loss of faith and confidence by the international community on the Nigerian economy."
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