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A senior African analyst with Verisk Maplecroft, Malte Liewerscheidt, has said that the appointment of former finance minister for Ogun State, Kemi Adeosun as Nigeria’s finance minister will stir some controversy.
According to the senior analyst, “Adeosun’s appointment to head the most important ministry during a time of economic crisis will stir some controversy. She is relatively inexperienced, especially compared to her immediate predecessor Ngozi Okonjo-Iweala, a political heavyweight,”
Another foreigner who disagrees with Buhari’s choice of Adeosun as Finance minister is Razia Khan, chief economist for Africa at Standard Chartered plc in London.
“For many investors in Nigeria, the key consideration is what is done in terms of FX policy,” he said in e-mailed comments. “Adeosun’s seeming endorsement of current FX policy choices during her senate testimony will disappoint investors who had been hoping for more rapid liberalization of Nigeria’s FX market.”
According to the senior analyst, “Adeosun’s appointment to head the most important ministry during a time of economic crisis will stir some controversy. She is relatively inexperienced, especially compared to her immediate predecessor Ngozi Okonjo-Iweala, a political heavyweight,”
Another foreigner who disagrees with Buhari’s choice of Adeosun as Finance minister is Razia Khan, chief economist for Africa at Standard Chartered plc in London.
“For many investors in Nigeria, the key consideration is what is done in terms of FX policy,” he said in e-mailed comments. “Adeosun’s seeming endorsement of current FX policy choices during her senate testimony will disappoint investors who had been hoping for more rapid liberalization of Nigeria’s FX market.”