Business

Political will needed to execute resolutions from experts – CIBN President

….as Vice President Osinbajo chairs NERGP

Freda Okhiria, Abuja

The President, Chartered Institute of Bankers of Nigeria, (CIBN) Prof. Olusegun Ajibola has said that the federal government needs political will to implement economic resolutions highlighted by stakeholders.

In an exclusive interview with Nigerian NewsDirect, the CIBN President said government needs to implement those decisions as discussed at meeting in order to get the country out of recession.

According to him, “it’s a good decision but the most important thing is what comes out of the meeting. It’s a move from this level to the other, a level of implementing ideas and resolutions that comes out of such gathering. It’s how prepared and how determined we are to implement the ideas and resolutions that matters”

He said there is a need for the government to have the political will to step on toes and do the right thing.

He said, “We need the will power to do the right thing, doing the right thing might mean stepping on toes, doing away with vested interest and bulldozing the way through. When we are prepared to do all those things then we are moving into solution.”

He stated that the recession was created by human factor and as such can be resolved by human factor.

He said, “Our problems are created in the environment either by human doings or undoing so human will no doubt know what to do. Ability to do it is a different thing. So we also know what to do as human beings, its the ability to carry it out that is the issue.”

However, the Ministry of Budget and National Planning is in the process of finalizing Nigeria’s Economic Recovery and Growth Plan (NERGP) 2017 – 2020 development process.

The plan is expected to be formally launched by President Muhammadu Buhari within the month.

As part of efforts towards carrying the critical sectors along and ensuring successful development of the Plan, the ministry had organized a forum for representatives of the Private Sector to actively engage their public sector counterparts on the proposals. This is expected to enrich the Plan development process.

The Forum, scheduled today, Monday, is expected to be chaired by Vice President Yemi Osinbajo.

This was contained in a statement signed by the media adviser of the minister, Akpandem James

According to the statement the NERGP is a follow-up to the Strategic Implementation Plan (SIP) which was a short term economic plan to drive the implementation of the 2016 Budget. In the SIP, government promised that it would deliver a more comprehensive economic recovery and growth Plan subsequently.

 In developing the NERGP, government had said there will be extensive consultation with relevant stakeholders, including the state governments. In keeping with that promise, government has already engaged and discussed with economic experts, the organized private sector, civil society groups, the academia and State governments. The plan is now at its final stage and will soon be launched.

 The focus of the plan is to address current economic challenges, restore growth, and reposition the economy for sustained inclusive growth. It is principally targeted at getting the economy out of recession, getting people back to work, moving the country from a consuming nation to a producing nation, providing an environment for ease of doing business and creating jobs, among others.

 Implementation of the

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