To promote growth and development, the Federal Government has been encouraged to examine and reform economic policies by the Nigeria Employer’s Consultative Association (NECA).
The organised private sector in Nigeria, according to NECA, thinks that to address the many issues that the nation is currently facing, economic policies need to be revised.
This was stated in a letter signed by NECA Director-General Adewale Oyerinde ahead of the OPSN roundtable discussion.
He said the group believes that the expected governance dispensation, come 2023 is an opportunity to address the challenges.
Oyerinde said: “The OPSN believes that the expected governance dispensation, come 2023 is a new and veritable opportunity to address and redress the challenges through reshaped economic policies and implementation so as to swiftly rekindle and improve productivity in the economy”
“Thenceforth, economic activities, industrial and non-industrial operations have grossly been depressed, which accounts for the lingering poor performances of macro and socio-economic indicators in the country’s Gross Domestic Product, exchange rate, interest and inflation rates, industrial and manufacturing production, per capita GDP, unemployment and youth unemployment, poverty and many more have all degenerated.”