Analysts seek improved monetary, fiscal policy collaboration under Buhari

Buhari

The incoming administration of Major General Muhammadu Buhari has been advised to ensure improved collaboration between the monetary and fiscal authorities in economic management.

A report by Renaissance Capital Limited on Wednesday, specifically noted that such collaboration would ensure that corruption, wastage, revenue leakages, among others, are tackled.

The report, however, pointed out that the effect of Buhari’s victory on monetary policy would be “neutral.”
It also argued that there was no reason to think a Buhari win would put the Central Bank of Nigeria CBN leadership at risk.

The report titled: “Nigerian Banks: Thoughts on a Buhari Win,” while commenting on the effect of the outcome of the election on Nigerian banks’ oil and gas exposure, argued that the impact on the banking sector, in the near term would be negative, but positive in the long term.

However, Rencap’s oil & gas analysts do not see the risk as high, particularly since President Goodluck Jonathan has conceded victory and has appealed to the militants for calm.