Poor FG’s ideas led Nigeria into recession, says Soludo

Tony Okafor, Awka

A former Governor of the Central Bank of Nigeria, Prof. Chukwuma  Soludo, on Thursday said  poor ideas by the Federal Government’s  policy makers caused the economic downturn in the country.

He added that fixing the nation’s economy  was not rocket science.

Soludo’s position was contained in a paper he delivered at the 2017 International Conference of the Department of Business Administration of the Nnamdi Azikiwe University, Awka, Anambra State.

The theme of the conference was “Managing a recessed economy; options for Nigeria.”

Soludo noted that Nigeria slipped into recession barely a year after the President Muhammadu Buhari administration took over power, stressing that the inability of the country’s policy makers to rise to the challenge plunged the economy into crisis.

He said the recession was avoidable had proactive steps been taken.

He…