Multiple award winning music producer and Mavin’s boss, Don Jazzy has commended President Muhammadu Buhari for setting up a new economic team.
Reacting to the Economic Advisory Council (EAC) President Buhari constituted on Monday and dissolution of the previous council led by Vice President Yemi Osinbajo, Don Jazzy said the appointees are some of the ‘brightest minds we have in the country.’
Taking to social media, the music don wrote: “The Appointees in the new Economic Advisory Council are some of the brightest minds we have in the country and their appointments are well-deserved.”
“Hopefully, the government’s reposed trust in their expertise would have positive effects on the economy. However, I would advise the govt. to prioritize the development of our HDI in this term. Substantial funds should be earmarked in our fiscal budgets to improve our Education and Health sectors in compliance with WHO and UNESCO.
“Bill Gates sounded this note of warning in a meeting with the National Economic council one year ago, faulting the Economic Recovery and Growth Plan(ERGP) which doesn’t prioritize human capacity development.
“I understand people would be wondering how this would affect our economy positively. Let’s consider this. In the south here where Education is considered to be very important in many families, parents spend a lot of money on educating their children.
“Many of these parents are civil servants who only rely on their salaries in these times when the minimum wage is a meager $83.5. These parents are forced to take different loans to educate their offspring and keep them healthy, thereby making their monthly net income to be insufficient.
“This is one of the reasons why more people keep slipping into extreme poverty every day. Almost half of the population is already in abject penury and all hands must be on deck to avoid the worse.”
