Buhari’s focus on war against corruption will hamper economic progress…

A former deputy governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, has picked holes in President Muhammadu Buhari’s war against corruption, warning that the president’s fixation on stemming fraud in the country may hamper economic growth.

He advised that the government’s attention should also be on economic development of the nation.

Mr. Moghalu, who is currently a professor of Practice in International Business and Public Policy at Tufts University’s Fletcher School of Law and Diplomacy in Massachusetts, USA, said, “Buhari has zeroed in (so far) on combating corruption and recovering stolen funds, on the one hand, and preparing to give Boko Haram a bloody nose, on the other” without building a solid foundation for the nation’s economic wellbeing.

Although he stressed the importance of fighting corruption and Boko Haram, he however called on the president to strike a balance between the fight against the twin malady and building the nation’s economy.

The former banker said although there is no contention about the importance of security or combating corruption, but the task of building the future is also of paramount importance.

– Premium Times