Renowned economist Dr. Abiodun Adedipe has implored Nigerian government to empower private sector operators with enabling business environment for increased economic activities.
He pointed out that “governments don’t do business, rather they facilitate the operators because economic sustenance lies with the private sector”.
Speaking at the ICAN Economic Discourse in Lagos on Monday December 9, 2019 Dr Adedipe said the Nigerian economy has several opportunities and called on the federal government to strengthen the non-oil economy to get its massive youthful population productively engaged. He also implored government to harness the huge entrepreneurial energy of most Nigerians.
In his remarks at the economic discourse the 55th President Mazi Nnamdi Okwuadigbo, FCA implored Nigerians to gain deep understanding of the African Continental Free Trade Agreement (AfCFTA) and its implications to enable them leverage the opportunities from it.
He noted that AfFCTA would create a single integrated continental market for goods and services with free movement of business professionals and investments.
This, he explained, would accelerate the establishment of African Customs Union and underscores the urgency for the country to address the infrastructural gap that has impeded meaningful growth for it to reap the benefits of an integrated African economy.
“While the AfCFTA holds huge potentials, these can only be tapped by economies that can competitively participate, at least in the regional market”, he argued.
The ICAN President identified globalization as a key development that would impact the country, especially the financial services sector and this implies that the nation’s financial institutions must be strong enough to compete in the global space.