Probably “late†but not rushed
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Some may argue that the wait of more than five months since President Muhammadu Buhari's inauguration has been too long but the Federal Executive Council (FEC) was eventually unveiled yesterday. It appears that the number of parastatals and permanent secretaries have been cut, which is a pointer towards savings. The highest expectations rest upon the shoulders of Babatunde Fashola, the former Lagos State governor. Rumours suggested that he would have responsibility for power but works and housing have been added to his portfolio. Other recent state governors with portfolios include Kayode Fayemi and Rotimi Amaechi. Now that the FEC is in place, we expect fewer pronouncements from the CBN governor on trade and other economic policy.
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