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Former CBN Governor, Prof. Charles Soludo Faults Buhari's Economic Policies

Published

9 years ago

November 20, 2015

Former Governor of the Central Bank of Nigeria (CBN), Professor Charles Soludo has called on President Muhammadu Buhari to abandon what he termed the ‘old Buharinomics’ if he must bring about the desired change in the country.
Soludo made the call while delivering a lecture at the Realnews third annual lecture in Lagos on Thursday which he titled ‘Avoiding the mistakes of the last Buharinomics’.
Soludo said there seemed to be a perception of the sense of nostalgia, a thing about command and control regime battling with what is required in a competitive market economy worldwide.
He said: ‘the element of the old ‘Buharinomics’ that we need to change include Fix exchange rate, fix capital control, import bans and forex rationing”.