President Muhammadu Buhari has been told to engage the services of experts to properly address the nation’s current economic situation.
The advisory was given by Oluwole Oke, a lawmaker representing Obokun/Oriade Constituency of Osun State in the House of Representatives.
Oke who spoke at the Joseph Ayo Babalola University, Ikeji Arakeji, Osun during the conferment of an honorary degree on him by the university, advised the Nigerian President to desist from borrowing and instead look inwards on how to revamp the nation’s economy.
The lawmaker who also served as the Chairman, House Committee on Public Accounts, said, “The challenge before this country is because of economy policies somersault and I want to enjoin the government of President Buhari to engage a seasoned economist in his government because I have not seen a single economist in this government and that is why we continue to have problem bordering on revenue leakages, the revenue is there, but we continue borrowing.
“There is nothing bad in borrowing but when you borrow, you should do something with the money, something tangible like capital projects that will repay borrowed money but not borrowing money to pay salaries of workers, not borrowing money for going to seminars.
Oke in his submission noted that there are some laws that the Federal Government and parliament must work on, adding that there is also the need to look at the nation’s tax principles.
He added: “The operation of oil and gas-rich zones, the operation of Nigeria Export Promotion in the desert and know what is happening there because these foreign companies and some locals are exploiting these laws because they are open-ended to avoid and evade tax.”