By Afam Nkemdiche
The federal government’s economic team, led by the National
Economic Council (NEC), has once again received a hard knock for its poor
understanding of how to grow a national economy.
Bill Gates; yes, Bill Gates of the Microsoft
fame, who came calling a couple of days previously, was reported to have told a
special session of the NEC that Nigeria’s ongoing Economic Recovery And Growth
Plan (ERGP) is broadly flawed.
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*VP Osinbajo |
He said for the ERGP to be effective, it must
reflect the people’s needs, and it should give priority to human capital
development over physical capital, contrary to the present composition of the
ERGP.
He then advised the federal government to review the ERGP – I should interpret
that to mean reconstitute the NEC.