Acting President, Professor Yemi Osinbajo, yesterday, said that Nigeria’s economic growth can only be achieved and sustained if left in the hands of the private sector to drive.

This came as the Organised Private Sector, OPS, listed the challenges facing the economy as well ways to overcome them.

Meantime, the President of the Lagos Chamber of Commerce and Industry, Mrs Nike Akande, has called on the Federal Government to include members of OPS in the Ease of Doing Business Committee.

Osinbajo spoke at the second edition of the Presidential Business Forum, a platform to engage and interact with the private sector to keep them abreast with government’s policies, programmes and activities held at the Old Banquet Hall of the Presidential Villa, Abuja.

He said: “The main focus of our economic plan is the sustenance of the robust private sector partnership. Indeed, it is our strong believe that sustenanable economic growth is only possible if it is private sector led and great attention has been paid as you will possibly find in sustaining private sector leadership especially in the plan of economic recovery and growth plan 2017, which is to be launched next month.

“The pivot of that plan is the private sector led recovery growth and plan. So, this Forum is an important one for engendering the continuous engagement that this partnership will entail.”

Making a presentation on behalf of the OPS, comprising Manufacturers Association of Nigeria, MAN; Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA; Nigeria Employers’ Consultative Association, NECA; Nigerian Association of Small and Medium Scale Enterprises, NASME and Nigerian Association of Small Scale Industries, NASS, President of MAN, Mr Frank Jacobs enumerated the challenges the sector is facing which had inadvertently affected the economy.

According to him, there was inadequate foreign exchange, forex in circulation and the monitoring mechanism by the government is ineffective.

He listed about 12 challenges inhibiting business atmosphere in Nigeria, which include access to foreign exchange; diversification of the economy and resource-based industrialisation; long term funding; EU/ECOWAS Economic Partnership Agreement; patronage of Made-in-Nigeria products and enforcement of the Procurement Act; and collapse of basic infrastructural facilities.

Others are challenges with policy environment; low investment in agriculture and agro-allied businesses; prohibitive gas pricing for industrial users and wrong classification as commercial users; multiple levies by government agencies on same sales promotion; and invasion of premises of members for the purpose of collecting taxes.

Jacobs said: “Collectively, we are the voice of the Organised Businesses in the Private Sector on issues on the Nigerian economy in particular and the nation in general.

“We commend you for giving us the opportunity to make this presentation, which we believe, would significantly improve the economy, while strengthening the relationship between the private sector and government.”

http://www.kikiotolu.com/2017/01/economic-growth-sustainable-if-driven.html

Lalasticlala Mynd44 seun Dominique

FCT

By trying to implement FRC law is the way to help private sector?

VP you people has good plans but very poor implementation policy.

What Nigeria and Nigerians need now is implementation and completions not to use two years already to identify.

Sir, show us what you can do in 10 days as Acting President. Stop talking stories like your oga

Kontinu. We are listening

When una wan use TAX kill all the small scale businesses

Don't get me angry this morning ooooo

....Isorite...

http://talkgeria.com/topic/fg-releases-n72bn-for-lagos-ibadan-rail-line/

The 19 Wards Winning Canadian Movie SAVING DREAMS produced and directed by a Nigerian ( Isioro Tokunbo Jaboro) who based in Canada is now in the Cinemas.

The Wait is Over...

#SavingDreams Movie Now in the Cinemas

Kindly find below the showing times for the week

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12:10pm, 6:25pm

*SILVERBIRD CINEMAS, IKEJA, LAGOS*

10:50am, 2:55pm, 7:10pm

*SILVERBIRD CINEMAS, FESTIVAL MALL FESTAC*

11:00am, 5:15, 7:10pm

*SILVERBIRD CINEMAS, SEC ABUJA*

12:50pm, 2:35pm, 4:40pm, 6:50pm, 8:30pm

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11:50am, 3:35pm, 7:10pm, 8:10pm

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12:50pm, 4:50pm, 8:40pm

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12:35pm, 4:30pm, 8:00pm

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SUN: 12pm, 6:55pm

SAT: 2:05pm

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That's if we have the full support of the government.

What happens when there is no power?

Most time we Nigerians doubt if those rulers really meant the words they say any time they are call to speak or make public speeches with sugar-coated voice that if implemented Nigerians will be better off .

More of privatization loading...

Omoakinsuyi:
Sir, show us what you can do in 10 days as Acting President. Stop talking stories like your oga

What can he possibly do in 10 days are you listening to yourself ?

OK, hope they listen to themselves.

Talk is cheap. What measures are you putting in place to ensure that. Power=zero. Security=Zero. Business Loan access=Zero. Infrastructure=Zero. Policy stability=Zero

This administration sef.

Thank God you are realising that, let you keep implementing policies that strangulated the private sector

Contact us for all your roofing jobs and roof maintenance

Dude, you & ur redundant boss should just retire pronto!
It's been ALL MOTION-NO MOVEMENT!..all bark, no bite!!!
Failed govt.

Not just private sector but SMEs. A thriving and vibrant economy has lots of SME doing very fine.

Its true but not with an unfavourable condition and policies from the government.

Omoakinsuyi:
Sir, show us what you can do in 10 days as Acting President. Stop talking stories like your oga

He don finish all the action during campaign. Notthing left but talk now

Hear this osinbanjo is a senior pastor? but does he pray at all? He is making a history as the worse VP in nigeria history,his carrier as a VP yielded no good result so far.and posterity wil see to that.Here he goes again wit his usual 'IF'language.seem he lack al d authority that goes to a VP

All these big big grammar.
Can someone translate in wafi

Ok

Ironically those same group of private investors with the money to invest are seen as corrupt by Buhari

If development or simply put, Buhari's government works based on half of what this man called Osinbajo utters, then Nigeria would have been said to be heading in the right direction!

Baba you have not said anything new .
In other news. ....... .

OK

You are a big time fool. So if you are given 24 hours to rule Nigeria, you will do nothing? Shows you have a shallow brain.quote author=ProfyJay post=53077959]

What can he possibly do in 10 days are you listening to yourself ?[/quote]

Our Afonja president is working...

RIP to booboo