Lai Omotola, general manager of CFL group, says some ministers in President Muhammadu Buhari’s cabinet have to go for the government to succeed.
Omotola said this during an interactive session with journalists in Lagos on Thursday.
He said some policies of the current administration have had negative effect on the country, adding that to say the economy is challenged is an understatement.
“The truth of the matter is that our economy is dangerously moving downwards. Every nation depends on a strong economy to have peace. Nigeria cannot be an exception. The current economic challenges we face are caused by four ministers and a governor,” he said.
“There’s a fundamental problem with our president, in everything in life, one is not suppose to know everything in life but the chief executive is suppose to know those that know.
“I don’t have to know everything about the economy but I should be able to spot people that know and will deliver.”
Omotola also faulted President Muhammadu Buhari on the economy, listing steps he feels the president ought to have taken.
“The issue of economy is the major weakness of our president and it’s too late for him to acquire the skills,” he said.
“There’s nothing so difficult about the economy of Nigeria. The Nigerian economy is an economy that is simple to handle and you asked what I would do differently.
“First thing I will do is to sack these ministers… the president of the nation that was voted for must have a blueprint, an economic philosophy that the CBN must align with.”
Still on the economy, Omotola said economy prosperity cannot be based on a “cut and paste of IMF and World Bank economic model”.
