Mr Ovia retired on May 5 after serving the mandatory 12 years as chairman in line with regulations of the Central Bank of Nigeria.
They stated that the move would put Nigeria on the path to achieving full self-sufficiency in petroleum products, conserve foreign exchange, and improve fuel affordability.
He noted that Nigeria’s tax reforms had been largely insensitive to the peculiar challenges of different industries.
Mr Ogubunka said, “This is imperative to ensure credibility in the system and foster economic growth.’
Mr Yusuf said that economic fundamentals needed to be addressed frontally to accelerate growth.
He further called for empowerment of the manufacturing sector through reduction in interest rates.
Financial experts have urged the federal government to adopt economic policies to create employment opportunities.
The federal government had said it is in talks with the World Bank for a $1.5 billion budget support loan.
The inflation rate dropped for the first time in 11 months in December but picked up again in January.
