Buhari set to bring back Okonjo Iweala, Ezekwesili, Soludo to salvage the economy

Nigeria is a mid-income, mixed economy and emerging market, with expanding financial, service, communications, technology, and entertainment sectors.

It is ranked as the largest economy in Africa. With an underperforming manufacturing sector, its major export is crude oil. However, years of mismanagement, looting and official graft has crippled the potential of Nigeria.

It was on this note that the APC, led by Mohamadu Buhari built their change mantra and won the elections last year. Nine months down the line, all the Buhari administration has achieved is trade blames with the immediate past administration.

The economic reforms of the past administration was jilted, and the economy slumped. The dollar exchanged at a record high of 400 naira to a dollar.

On the heels of this near total collapse, President Buhari, through his information minister announced the obvious to the world. 

The economy is beyond his control! Lai Mohamed had stated last week Saturday that “The economic situation in the country has gone completely out of the control of government as the global economic meltdown is having a negative spiral effect on it.”

Reports from the kitchen cabinet of mister president alludes that he is set to fire the minister of information, Lai Mohamed, minister of Trade and Investment, Udo Udoma, and Minister of Finance, Kemi Adeosun.

 Our correspondents gathered that the Buhari Administration is in secret talks with Porfessor Charles Chukwuma Soludo, Dr Oby Ezekwesili, Dr Ngozi Okonjo Iweala and a former chieftain of the now defunct ACN, Alhaji Nuhu Ribadu. 

Feelers from Aso Villa has it that Soludo may take over from the CBN. Our reporters gathered that Buhari is visibly angry at the CBN governor who allowed the info regarding employment irregularities of his family members. 

Oby Ezekwesili is tipped to take over from Lai Mohamed, while Ngozi Okonjo Iweala is set to resume her duties as minister of finance.

Last month, Ngozi Okonjo Iweala had offered her assistance to help the Buhari administration. Understanding that the economy has spiraled out of his control, the president is said to have initiated secret moves to bring back Ngozi Okonjo Iweala to his team. 

Efforts by this news media to contact professor Charles Soludo to authenticate the veracity of the information proved abortive as his cell phones were switched off.

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