WHEN THE MACROECONOMIST FAILED THE ECONOMETRICIANS SHOULD CORRECT IT.

WHEN MACROECONOMIST FAILED THE ECONOMETRICIANS SHOULD CORRECT IT

The Nigerians are still in a loop that nobody can explain the economy state right away, Recession is still lurking around, but the Nigeria presidency keep telling us that tools that will take us out of recession have being put in place that is the only word they use to compel impatient Nigerians.

Our economist has failed us woefully by not proffer lasting solution to our present predicament, we thought the recession panic will only lasted for a while not knowing it will take long time before it resuscitate.

The macro economist hasn't apply all the necessary economists approaches, methods, models and mathematical tools to revamp the economic panic at hand. The monetary policy by the central bank of Nigeria(CBN) governor and the fiscal policy by federal government was the cause of delay in recovering from recession.

The econometricians have the better understanding of mathematical and statistics economics with these combination, They should be able to see us through recession, The former governor of central bank of Nigeria (soludo) use econometrics tools to forecast the the Nigerian economy lifeline, which made him to succeed as CBN governor.