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Buhari, Osinbajo Brainstorm With Experts On Economy

File: President Buhari had organised an economic retreat in March this year
File: President Buhari had organised an economic retreat in March this year


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President Muhammadu Buhari and Vice President Yemi Osinbajo are currently attending an economic retreat with other cabinet members to discuss the state of the nation’s economy and ways to get the country out of recession.

The one-day retreat has as its theme: “Building inter-ministerial synergy for effective planning and budgeting in Nigeria.”

The 2017 Budget is also expected to be among top items on the agenda of the meeting.

Resource Persons for the economic retreat include Obadiah Mailafia, Ayo Teriba, Bode Agusto and Bismarck Rewane.

According to posts on the twitter handle of the Presidential Villa, @AsoRock, “the Technical Sessions (will) be led by Peju Adebajo,Dotun Suleiman, Larry Ettah, Frank Nweke II, Laoye Jaiyeola and Mansur Ahmed”.

It is believed that the presentations will bother on how to get the economy out of recession and will include topics such as: weaning the economy out of oil dependence; fiscal and trade policy options, monetary and exchange rate policy options, and how to grow output and productivity in the Real Sector.

On Wednesday, the Ministry of Budget and National Planning released a statement saying that President Buhari would lead his deputy, who is the head of the economic team, along with ministers and heads of relevant federal ministries, departments and agencies to the meeting.

Akpandem James, media aide to the Minister of Budget and National planning, Udoma Udo-Udo, said in the statement that “The key objective of the retreat is to discuss the 2017 Budget as well as discuss steps being taken to get the economy out of recession.”

“The retreat is expected to deliver improved understanding of the measures being taken to get the country out of recession; improve synergy among the various ministries for enhanced implementation of planning and budget and enhance knowledge of how to develop 2017 Budget to effectively link with the medium term plan.

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