Think Tank sets agenda for Buhari’s economic adviser

The Centre for the Promotion of Private Enterprise [CPPE], an economic and private sector think tank, has set agenda for Dr Doyin Salami, the newly appointed Chief Economic Adviser to President Muhammadu Buhari.

The centre said the appointment signals the aspiration of President Buhari to reset the economy and correct some glaring distortions that have been undermining investors’ confidence over the last couple of years.

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The Think Tank group in a statement by its Chief Executive officer, Dr Muda Yusuf, while applauding the appointment of Dr Salami, urged him to institute a market-based foreign exchange policy framework to correct the current distortions bedevilling the foreign exchange market.

It said this would ensure the normalization of the foreign exchange market and unlock capital inflows into the economy.

The centre also urged Dr Salami to propose a sustainable mix of policies to stem the intense inflationary pressures in the economy and ensure the effective coordination between the fiscal and monetary policies.

The agenda for the chief economic adviser also include ensuring synergy between key economic and investment ministries and agencies to ensure policy and regulatory coherence; infusing a general equilibrium mindset in the policy-making processes to ensure a broaden comprehension of the impact of economic policies; promoting the reduction of fiscal deficit monetisation because of the profound inflationary outcomes.

Others are promoting the philosophy of a level playing field for all investors in the economy, fixing the port congestion crisis, cargo clearing constraints and traffic gridlocks along the Lagos ports corridor, fostering a regime of trade facilitation culture among the agencies at our ports and encouraging a review of the Cash Reserve Requirement for better financial intermediation in the banking system.