Nigeria Will Come Out of Recession Stronger, Bigger - Acting President Osinbajo
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May 26, 2017 ( Post 1 )
Acting President, Prof. Yemi Osinbajo, on Thursday assured investors that the country
The acting president gave the assurance at the Presidential Policy Dialogue Session,
organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos.
According to Osinbajo, the whole objective of ERGP is to restore growth, invest in Nigerians and build competitive economy.
âIn order to achieve this objective, we have clarified five areas of actions.
âThis includes to stabilise macro-economic environment and achieve agriculture and
âEnsure energy sufficiency in power and petroleum products, improve transportation
âOf course, we are setting up a Presidential Delivery Unit that will be tasked with integrating the economic recovery programme and ensure that the progress is
Osinbajo, who was represented by Dr Okechukwu Enelamah, the Minister of Industry, Trade and Investment, said the country was witnessing a challenged
Osinbajo said government was committed to improving power sector and creating friendly environment for businesses.
Earlier, Dr Nike Akande, the President of LCCI, said the chamber was delighted to observe
According to Akande, this is the outcome of the series of new policy initiatives, engagements and consultations with key
She commended the governmentâs responsive disposition which had led to
âThe foreign exchange policy has been reviewed to reduce the volatility in the foreing exchange (FOREX) market and minimise uncertainties.
âInvestorsâ confidence is on the upswing, liquidity in the FOREX market has increased, there is better clarity in the policy direction, FOREX inflows are beginning to pick up.
âWe are also very confident that recent government initiatives on the ease of doing business would impact positively on the
She commended the Federal Government for setting up the Presidential Ease of Doing
Akande said the chamber applauded the recent Executive Orders targeted at enhancing the investment climate and
Akande, however, drew the attention of the acting president to the power sector
She urged the government to intervene and restore sanity in the sector.
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