A financial analyst, Dr Samuel Nzekwe, has advised the new Minister of Finance and Coordinating Economy, Wale Edun, to further harmonise the Monetary and Fiscal Policies, to revive the dwindling economy.
Dr. Nzekwe, the former President, Association of National Accountants of Nigeria (ANAN), gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun State.
He said that the monetary and fiscal policies should go in harmony because the harmonization of these instruments had been difficult in the past years.
The ex-ANAN President stressed the need to work together because there is no harmony between the two policies.
He urged the Federal Government to stimulate the productive sector of the economy by providing an enabling environment for the sector to thrive and produce goods for exportation to generate foreign exchange.
According to Dr. Nzekwe, he noted that the country is currently producing marginally, adding that this is not good for a country that wants to achieve sustainable economic growth.
“There is the need for the nation to produce because there is no country that could stand without producing.
The financial analyst said that the only way to bring down the nation’s inflation rate was for the country to be producing.
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