The Economic Advisory Council (EAC) on Thursday raised concern about the slow rate at which the nation’s economy is growing. The team called President Muhammadu Buhari’s attention to the situation during a meeting held at the Presidential Villa in Abuja.
Led by Professor Doyin Salami, the eight-member council noted that the economy was improving at a slower pace compared to that of the nation’s population. Presenting their report, Professor Salami, supported by interventions by Council members, responded to questions by the President and his team.
They outlined some of the challenges facing the economy and proffered solutions to most of them. The Council asked the Federal Government to strengthen national statistical agencies, reform procurement processes, improve education. It also stressed the need for job planning in training offered by academic institutions.
EAC also brought to the government its views on borrowing, macroeconomic stability, and the need to provide a friendly climate for foreign investment. “We need an environment that will attract investment. People will come only when they feel confident and when they come, their exit will not be challenging,” said Professor Salami.