According to the publication, “Africa’s biggest economy, which relies on oil for 70% of its revenue, is sputtering as prices fall. Economic policy has been adrift since Mr Buhari came to power, and investors complain about the central bank’s use of trade controls and import restrictions.
“However, the new finance minister, an accountant who cleaned up the books of one of Nigeria’s smaller states, is poorly qualified for the job.
“Her counterpart in the investment ministry is a respected businessman, but he may lack the clout to stand up to a president with statist leanings.”
English newspaper, The Economist, has undertaken a review of the newly constituted cabinet of President Muhammadu Buhari, with a verdict that the Minister of Finance, Mrs. Kemi Adeosun, who has an Economics degree from the University of East London and a Post Graduate degree in public financial management from the University of London, is poorly qualified to manage the nation’s economy.
It however described the Minister for Trade and Investment, Mr. Okechukwu Enelamah, as “a respected businessman”, but feared that he “may lack the clout to stand up to the president”.