The Chief Executive of Oando Plc, Mr Wale Tinubu has enumerated keys to rebuilding and sustaining the deteriorating economy of Nigeria.
Speaking at the kick-off of the Private Sector Summit at the United Nations Global Assembly, tagged: Securing the Way Forward,” Tinubu said education, innovation and good governance remains the key a to sustainable long term socio-economic growth.
According to Tinubu, “Education remains the most powerful empowerment tool within a community. Through our Foundation, we are addressing the issues of access and improving the quality of teaching and learning outcomes in primary schools, with a focus on the girlchild.
“This has led to infrastructure projects primed to impact over 75,000 children nationwide, scholarship programmes aimed at enhancing over 9,700 lives, ICT centres geared towards over 170,000 direct beneficiaries, and teacher training programmes designed to support the lives of over 1.2 million pupils.
“Increased indigenous participation in varying projects across sectors is accompanied by greater accountability by all of us to ensure Africa fulfills its enormous potential. My commitment to help fulfil the SDGs is unwavering.”
Tinubu’s comment is coming at the heels of a road map marshaled out by the senate on how to salvage the country from recession.
The senate in a 14-point recommendation to the Federal Government during plenary yesterday said, “The Executive must immediately put in place leadership-level engagement platform with the private sector.
“Government must raise capital from asset sales and other sources to shore up foreign reserves.
“Consider tweaking the pension funds policy within international best practice safeguards to accommodate investment in infrastructure and mortgages.
“The Federal Government and CBN must agree on a policy of monetary easing to stimulate the economy and harmonise monetary and fiscal policy until economic recovery is attained.
“Re-tool its export promotion policy scheme with incentives such as the resumption of the Export Expansion Grant (EEG); and introduce export-financing initiatives.
“Engage in meaningful dialogue with those aggrieved in the Niger Delta and avoid an escalation of the conflict in the region.
“Consider immediate release of funds to ensure the implementation of the budget for the near short term to inject money into the economy. Similarly, the agricultural sector and the agro-allied businesses should be directly supported to boost value addition and job creation.
“While government works on the medium to long-term plans, immediate strategies must be devised that would ease the suffering of the ordinary people across our country.
“Consider immediate release of funds to ensure the implementation of the budget for the near short term to inject money into the economy.
“The agricultural sector and Agro-allied businesses should be directly supported to boost value addition and job creation.
“Both legislature and executive must co-operate to ensure the passage of the Petroleum Industry Bill (PIB) into law as soon as possible to stimulate new investment and boost oil revenue.”