A professor of economics, David Irefin has faulted the economic policies of the APC led federal government stressing that it lacks a clear cut direction and as a result plunging the country deeper into economic crises.
Professor Irefin who is of the Kogi State University, Anyangba said international investors are scared of coming into the country to establish their businesses.
He maintained that the country is now in a quagmire because there are fewer core experts who are engaged in their core professional areas of competence to proffer their expertise or advise the government.
“Government is supposed to spend more on public services. That way, more people will be brought back to work which will necessitate aggregate demands where firms will need more lands for more produce. That way, too, more taxes would be paid to government.”
Irefin questioned the idea behind the 2019 federal budget before the national assembly saying this year’s budget ought not to be lower than that of last year.
“Is there any country in the world that its year two budget will be less that the previous year? A country is supposed to have more responsibilities as the year goes.
“Nigeria should engage only very serious-minded core and intelligent professionals who are macroeconomists who are in abundance in the country to help proffer the right solutions to the economy.”
He expressed concern that instead of reduction of taxes to attract investors to establish in the country and employ more people who will pay tax to government, the federal government was rather slamming heavy taxes on firms and investors thereby scaring them away.
According to the economist, government should take heed against constraining investments so as to grow the economy and advised that to salvage the economy, the government must invest heavily in public services and end policies that create economic stagnation.