Director of Policy of the Central Bank of Nigeria, CBN, Moses Tule, has
said that the apex bank is addressing the current economic recession
using wrong tools. Tule said this when he spoke at the Chartered
Institute of Bankers of Nigeria, CIBN, roundtable meeting organised on
the current economic recession in Abuja on Tuesday November 29th.
According to Tule, professionals are not being allowed to give direction
to the economy.
“Some came in as doctors into the macro-economic management and are
giving the tools of medical doctors to advise on how to solve the
problem of recession. Some came in as carpenters and they are using
carpentry tools to advise on the problems of economic recession; some
came in as engineers and they are using their tools to advise on how to
address economic recession. They have not allowed the professionals to
do their jobs. They have not allowed the professional to provide the
direction”he said
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