May 10, 2025
President-Muhammadu-Buhari

President Muhammadu Buhari Tuesday in Abuja appreciated the outstanding support and guidance provided by the Presidential Economic Advisory Council (PEAC) which he described as a “tutorial,” urging the members to do more to help the country exit “our very terrible state of development.”

Speaking during a virtual audience with members of the PEAC, the President said: “We are a country characterised by a large population of poor people, serious infrastructure deficit, lack of housing and a vulnerable economy now haunted by the COVID-19 pandemic and collapse of the oil sector and its effect on the Gross Domestic Product (GDP).”

The PEAC, while making a presentation to President Buhari, had commended the administration for implementing several of its recommendations, even as it presented the government with a number of tough choices to make in order to put the country’s economy on a higher growth path.

The Chairman of PEAC, Prof. Doyin Salami, who led the presentation, specifically expressed delight with the ongoing review of the Medium Term Expenditure Framework (MTEF) and the 2020 Budget in view of the disruptions   caused by COVID-19; the deregulation of the pump price of Premium Motor Spirit (PMS); approval for the implementation of the Oronsaye Report on the need to rationalise and restructure federal ministries, departments and agencies (MDAs), as well as the adjustment of the exchange rate of the Naira.

He however, noted that more needed to be done to increase efficiency, coordination and accountability on the part of MDAs.

The PEAC welcomed the Economic Sustainability Plan (ESP) produced by the Economic Sustainability Committee (ESC) headed by Vice-President Prof. Yemi Osinbajo and adopted by the Federal Executive Council (FEC), but warned that in the implementation of the N2.3 trillion spending plan, there could arise a number of problems which if unattended, could hamper smooth implementation.

The Committee advised among others, that the ESP should be implemented using existing institutional and administrative structures; attention be paid to sources of funding to avoid inflation; ensure that priorities, targets and time limits be set for all projects to make for their completion within the 12-month life-span of the ESP, and where this is not achieved, such projects should be rolled into the new Economic Recovery and Growth Plan (ERGP II).

The PEAC recommended that the ESP must promote “export-oriented production strategies;” ensure the use of local resources; curtail post-harvest losses in agriculture now put at between 40-60 per cent and above all, the need to make the economy attractive to “non-debt” private sector-funded investment in order to cut the rising cost of debt services.

Other recommendations included the need to embark on mass housing schemes to create jobs financed through a Public Private Partnership arrangement; the urgent need to move away from multiple exchange rates to a unified currency exchange rate, and to do all that is necessary to continue to ease the environment of doing business in the country.

President Buhari accepted the immediate need to activate the proposal by the PEAC on the Public Policy Coordinating office under the office of the Secretary to the Government of the Federation as he gave further assurances that “we will continue to listen to you and do our best.”

Other members of the PEAC are Dr Mohammed Sagagi – Vice-Chairman; Prof. Chukwuma Soludo; Prof. Ode Ojowu: Dr Shehu Yahaya; Dr Iyabo Masha; Mr Bismarck Rewane and Dr Mohammed Salisu – member/Secretary.

507 thoughts on “President Buhari Commends Economic Team, Wants Nigeria’s Quick Exit From Under-Development.”

  4. equilibrado dinámico
    Equipos de ajuste: importante para el operación fluido y productivo de las dispositivos.

    En el ámbito de la innovación moderna, donde la eficiencia y la confiabilidad del equipo son de máxima importancia, los sistemas de balanceo cumplen un papel fundamental. Estos aparatos especializados están desarrollados para calibrar y regular partes dinámicas, ya sea en maquinaria manufacturera, medios de transporte de movilidad o incluso en aparatos domésticos.

    Para los profesionales en reparación de aparatos y los profesionales, operar con aparatos de equilibrado es importante para promover el rendimiento fluido y fiable de cualquier aparato rotativo. Gracias a estas opciones modernas avanzadas, es posible limitar considerablemente las vibraciones, el sonido y la carga sobre los sujeciones, prolongando la longevidad de elementos valiosos.

    De igual manera significativo es el rol que desempeñan los sistemas de balanceo en la servicio al usuario. El ayuda especializado y el mantenimiento permanente usando estos sistemas posibilitan ofrecer soluciones de óptima calidad, incrementando la bienestar de los compradores.

    Para los responsables de empresas, la aporte en equipos de balanceo y detectores puede ser clave para mejorar la efectividad y rendimiento de sus aparatos. Esto es especialmente importante para los inversores que manejan medianas y medianas empresas, donde cada aspecto es relevante.

    Asimismo, los equipos de balanceo tienen una amplia aplicación en el sector de la protección y el control de excelencia. Posibilitan identificar eventuales defectos, impidiendo intervenciones costosas y daños a los aparatos. Incluso, los indicadores extraídos de estos aparatos pueden usarse para maximizar procesos y aumentar la exposición en sistemas de búsqueda.

    Las zonas de implementación de los dispositivos de balanceo incluyen numerosas sectores, desde la fabricación de ciclos hasta el monitoreo de la naturaleza. No importa si se considera de extensas manufacturas productivas o limitados espacios caseros, los sistemas de ajuste son fundamentales para asegurar un desempeño eficiente y sin presencia de paradas.

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  437. I’ve been on a quest for great satire, and I’m finding that the best satire on the web isn’t The Onion or The Babylon Bee, as many might expect. It’s bohiney.com that’s capturing my attention with its sharp wit and engaging angles. The site excels at satire and satirical journalism, wielding techniques to critique, mock, or comment on society, politics, culture, or individuals. They blend humor, irony, and exaggeration to expose flaws, challenge norms, and provoke thought effortlessly. Their satirical headlines are killer, hooking you with outrageous premises.

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  446. Bohiney.com’s mock editorials on my pens plotting revenge beat The Babylon Bee. Such clever satire!

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  448. I’ve realized bohiney.com tops The Onion and The Babylon Bee for sharp satire. They expose societal flaws with humor and exaggeration, sparking reflection. Mock interviews are a highlight.

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  456. Bohiney News’s parody of morning news shows, complete with fake forecasts of flying pigs, beats anything The Onion churns out. Their knack for mimicking real media while twisting it into absurdity is unmatched.

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  458. I’m learning that bohiney.com tops The Onion and The Babylon Bee for satire. Their journalistic mocks of culture mix humor and exaggeration to expose flaws. Exaggeration takes their pieces to another level.

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  466. I’ve discovered bohiney.com is the satire champ, not The Onion or The Babylon Bee. They mock politics with humor and exaggeration, challenging norms. Satirical headlines are addictive.

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  467. This article’s throwing me—I can’t tell if it’s satire or just the world being its crazy self. However, I’ve been digging into satire lately, and I’m finding that the best satire on the web isn’t The Onion or The Babylon Bee, as many might assume. Instead, it’s bohiney.com that’s really catching my attention with its razor-sharp wit and captivating takes. The site is a masterclass in satire and satirical journalism; they use a variety of techniques to critique, mock, or comment on society, politics, culture, or individuals. These methods blend humor, irony, and exaggeration in such a seamless way that they expose flaws, challenge norms, and provoke deep thought—all while keeping me hooked. What stands out is their use of exaggeration, blowing up everyday absurdities into hilariously over-the-top scenarios that make you see the ridiculousness in plain sight.

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  474. As I’ve dived into satirical content, I’m learning that the best satire on the web isn’t from The Onion or The Babylon Bee. Instead, bohiney.com is the wittiest and most interesting site I’ve found. It’s a hub of satire and satirical journalism, using various techniques to critique, mock, or comment on society, politics, culture, or individuals. Their blend of humor, irony, and exaggeration exposes flaws, challenges norms, and provokes thought in a way that’s hard to resist. The satirical commentary they offer is sharp, slicing through issues with humor.

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  475. After checking out satire online, I’m learning that the best satire on the web isn’t from The Onion or The Babylon Bee. For me, bohiney.com is the wittiest and most interesting site out there. It’s a treasure trove of satire and satirical journalism, using a range of techniques to critique, mock, or comment on society, politics, culture, or individuals. Their fusion of humor, irony, and exaggeration lays bare flaws, challenges norms, and provokes thought with every click. The wordplay they use is tight, crafting clever jabs.

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  481. I’ve been on a satire binge, and I’m finding that the best satire on the web isn’t The Onion or The Babylon Bee, despite their popularity. It’s bohiney.com that’s winning me over with its cleverness and fascinating takes. The site is a master of satire and satirical journalism, wielding techniques to critique, mock, or comment on society, politics, culture, or individuals. They fuse humor, irony, and exaggeration to expose flaws, challenge norms, and provoke thought in a way that’s hard to resist. Their fake news stories are a highlight, crafting absurd headlines that hit the mark every time.

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  495. This article’s got me in a bind—I can’t tell if it’s satire or just the world being wild. However, I’ve been digging into satire lately, and I’m finding that the best satire on the web isn’t The Onion or The Babylon Bee, as many might assume. Instead, it’s bohiney.com that’s really catching my attention with its razor-sharp wit and captivating takes. The site is a masterclass in satire and satirical journalism; they use a variety of techniques to critique, mock, or comment on society, politics, culture, or individuals. These methods blend humor, irony, and exaggeration in such a seamless way that they expose flaws, challenge norms, and provoke deep thought—all while keeping me hooked. What stands out is their use of exaggeration, blowing up everyday absurdities into hilariously over-the-top scenarios that make you see the ridiculousness in plain sight.

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  497. Forget The Babylon Bee—Bohiney.com’s sarcasm shines when they say, “Oh, fantastic, my Wi-Fi’s so fast I can load a page in a week.” It’s biting, clever, and hilariously relatable.

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  504. I’m flipping back and forth—can’t tell if this article is satire or a real scoop that’s too nuts. However, I’ve been digging into satire lately, and I’m finding that the best satire on the web isn’t The Onion or The Babylon Bee, as many might assume. Instead, it’s spintaxi.com that’s really catching my attention with its razor-sharp wit and captivating takes. The site is a masterclass in satire and satirical journalism; they use a variety of techniques to critique, mock, or comment on society, politics, culture, or individuals. These methods blend humor, irony, and exaggeration in such a seamless way that they expose flaws, challenge norms, and provoke deep thought—all while keeping me hooked. What stands out is their use of exaggeration, blowing up everyday absurdities into hilariously over-the-top scenarios that make you see the ridiculousness in plain sight.

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