The Chairman of the Senate Committee on Federal Capital Territory, Dino Melaye on Sunday called for the sack of Governor of the Central bank of Nigeria, Godwin Emefiele ; the Minister of Finance, Kemi Adeosun; and Minister of Budget and National Planning, Senator Udo Udoma the over the country’s economic situation.
Melaye, in a statement, said the trio of Emefiele, Adeosun and Udoma should be held responsible for the state of the economy.

The Senator, who is a member of the ruling All Progressives Congress (APC) and represents Kogi West, in the upper chamber of the National Assembly, called on President Muhammadu Buhari to go beyond barking, and “bite” by sacking these three prominent members of his Economic Team in view of the current economic hardships being faced by Nigerians.
Melaye said the president must shake up his cabinet, and accused most of the members of gross incompetence, inexcusable ineptitude and a distressing lack of capacity to deliver on the mandate of their ministries and agencies.
He said: “At the moment, it must be crystal clear to all discerning minds that the president’s widely-acclaimed magical body language has lost its presumed aura and efficacy.
“His no-nonsense demeanour is equally neither instilling fear nor commanding respect and loyalty from amongst his cabinet members. It is therefore obvious that the time for barking is over, now is the time to bite and boot out all those who have demonstrated, in the past several months, a crass lack of capacity to effectively carry out the functions of their office.
“The Finance Minister has not only displayed gross incompetence on the job, she also lacks the basic and rudimentary grasp of economic fundamentals necessary to run a critical sector of the Nigerian economy like the Finance Ministry.
“It is time for her to go now and pave way for a qualified and experienced person to steer the Nigerian economy away from the dark woods it has sunk presently under her stewardship”.
On Udoma, he stated: “To be sure, Senator Udoma Udo Udoma is a very charismatic man, an accomplished lawyer, and a quintessential gentleman with a fairly untainted reputation.
“In everyday parlance, he is a good man. But the critical job of Budget and National Planning Minister for a huge country like Nigeria, with her prevailing economic challenges requires much more than being a good man with a great personality.
“It is for someone with the relevant qualification, professional knowledge and experience in public sector finance, development economics, strategic thinking, budgetary planning and management.
“As a lawyer, accomplished in this field as he is, Udoma’s appointment to that position is nepotism taken to very ridiculous heights; and a classic case of putting round pegs in square holes – it will, and can never fit. It is akin to saddling a carpenter with a tailor’s responsibility.
“The outcome under the circumstances, as has become evidently clear, is bound to be catastrophic for the economy. President Buhari must therefore do the needful now by relieving Udoma of this huge burden that is constituting a clog to the revival of the Nigerian economy”.
The senate committee chairman on the FCT did not spare Mr. Emefiele either, who he lambasted for his disastrous handling and release of the so-called Dasuki-gate funds, which he noted, amounts to about 15 per cent of the nation’s foreign reserves.
Other sins of the CBN governor in the view of Mr. Melaye, are his policy flip-flops, summersaults and inconsistencies, which he stressed are clear evidences of gross incompetence in the management of the nation’s fiscal and monetary policies.
“The net effect of this inconceivable ineptitude on the part of Emefiele, is the free fall in the value of the naira and the total loss of faith and confidence by the international community on the Nigerian economy”.
To reverse this trend, the Kogi senator urged President Buhari to summon courage to wield the big stick and give Emefiele the boot, to be replaced by a fiscal and monetary policy guru.
“We have these qualified Nigerians in abundance, and the President must beam his searchlight to find them to help him, the Nigerian economy as well as the suffering Nigerian masses”, he said.
He further called on the president to immediately discountenance the Economic Team currently under the supervision of the Vice President, Professor Yemi Osibanjo “as their decisions will not be; and has never been respected by the economic managers and the bureaucracy in Nigeria”.
In its stead, he advised President Buhari to constitute an “Emergency Ad hoc Economic Team”, whose membership should comprise all former ministers of finance, budget and national planning, CBN governors as well as members drawn from the academia with “deep knowledge of developmental economics to drive the economic revival programme”.
He said: “The president must immediately transit from mere rhetoric to drastic but positive action to save the economy and Nigeria from total collapse.
“The hunger in the land is real, pervasive, widespread and d