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The future of the Nigerian economy is very bright. The Economic Growth and Recovery Plan (ERRP) by the Federal Government with other complementary po… - Sarah Alade
" "The future of the Nigerian economy is very bright. The Economic Growth and Recovery Plan (ERRP) by the Federal Government with other complementary policies are set to propel the Nigerian economy out of the recession and move the economy forward. The broad government strategy of infrastructure development, structural reforms and investment in social safety nets are policies that will position the economy to a more inclusive and diversified growth.
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About Sarah Alade
Sarah Omotunde Alade is a Nigerian economist. She was acting governor of the Central Bank of Nigeria during the suspension of Sanusi Lamido Sanusi. She was appointed to the post by president Goodluck Jonathan on 20 February 2014. She held this position until the appointment of Godwin Emefiele in June 2014.
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Sarah Omotunde Alade
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Then, there is the issue of monetary and fiscal policy coordination. Non- harmonization of monetary and fiscal policies is an issue of serious concern in the country because they complement each other. Monetary policy has a limit and whenever it reaches that limit, the only way out is for the fiscal authorities to intervene in the economy. So, in the absence of such coordination/harmonization between the two, a serious economic problem may arise.
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Monetary policy management has been made difficult by the uncertain global environment, arising from political and economic developments around the world. There has been an intense attack on free trade, multilateralism and globalization and the situation has not been helped by a growing preference for nationalist interest.
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