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Rewane to Buhari: Nigerians can’t wait for 10 years, they want result now
ECONOMIST and financial analyst, Bismarck Rewane says Nigerians can’t wait for the 10-years plan of President Muhammadu Buhari.
Rewane said this on Thursday during a programme on Channels Television while reacting to President Buhari declaration that he would lift 100 million Nigerians out of poverty over the course of the next 10 years.
According to World Poverty Clock data, 94. 208 453 million Nigerians are living in extreme poverty.
The World Bank says a person can be said to be living in extreme poverty, if they live below the poverty line of $1.90 which translates to N693.5 per day.
President Muhammadu Buhari during a two-day retreat for minister-designates in Abuja on Monday said:
“We must work as a team. Working as a team demands that we know what the next person is doing. You must open communication with your colleagues. Lack of communication leads to a lack of cooperation and sub-optimal performance.
“We are working to lift Nigerians out of poverty and set them on the path to prosperity. We intend to lift 100 million Nigerians out of poverty over the next 10 years”, Buhari said during the retreat.
But Rewane, the chief executive officer of Financial Derivatives Company, said Nigerians can’t wait for 10 years, they want results now.
“How are they going to achieve this? The President has laid out his vision but the thing is that 10 years is a long time. Nigerians can’t wait for 10 years, they can’t even wait for 10 months, they want results now.
“Mr President, yes we like this (10-year plan) but we want some immediate deliverables.
“To get the immediate deliverables, first and foremost there has to be fiscal and monetary coordination to be able to unlock and deliver results.
“We have to manage our expectations and go back to total factor productivity or labour productivity,” he said.