Public, private sector synergy way to overcome Nigeria’s economic woes – Shettima

2 months ago 5

Vice President Kashim Shettima has reiterated Federal Government’s commitment to fostering partnerships with the private sector, stressing that it is a means of driving Nigeria’s economic growth and industrialisation.

According to him, the private sector is critical in driving the industrialisation and job creation agenda of the Federal Government.

He spoke during a meeting with a team from the Nigerian Economic Summit Group, NESG, ahead of the group’s 30th Nigerian Economic Summit.

The Vice President noted that the government’s pro-business policies and focus on improving key infrastructure, such as power, are designed to create an environment where businesses can thrive.

“Our nation is pregnant with possibilities. Hope springs eternal from the hearts of men,” said Shettima, who described NESG as the “premier economic organisation in the country,” that holds the power to support the attainment of Nigeria’s potential.

Emphasising the critical role of electricity in driving industrialisation, Shettima noted: “Without power, there can be no industrialisation. I believe that if we get our acts right, Nigeria will influence development in Africa.”

According to him, the current administration is uniquely attuned to the needs of businesses.

“This government is headed by someone who grew up in your ecosystem and speaks your language of business. We have never gotten a government that is as business-friendly as this one,” he stated.

He pledged support for the private sector, calling it an essential partnership for economic growth, adding that “we want to create hope and opportunities for our youths, and the resources are there for us to do it and we will do it.”

Special Adviser to the President on Economic Matters, Dr. Tope Fasua, urged NESG to turn discussions into tangible results.

“We cannot have economic development without growth. We are hoping that NESG can take this forward. Let’s begin to have results,” Fasua stated on Monday in Abuja.

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