With the pandemic induced recession in 2020 Nigeria’s economic growth has been dwindling and almost brought to it’s knees.
Evidently, the macro economic stability weakened with a depreciating currency, trade restrictions, and monetization of deficit just as inflation continues to rise pushing millions of Nigerian citizens into poverty.
At the 2023 National Economic Dialogue
held in Lagos,, organized by the Nigeria Employers’ Consultative Association (NECA) with the theme “Promotion of a Novel Approach to Policy Design, Implementation, and Mentoring in 2023, prospects for growing business and the nation’s EConomy formed crux of discussion as these Economy experts attributed NigerIa’s, dwindling economy to high-level of inequality, corruption and poor policies.
On the way forward, these stakeholders say govt must go back to the developmental state of good policy formulation, machinery policies and data update just as Dr Muda yusuff pointed out that,change of Naira notes can not fight or check inflation, whilst calling for a law that will institionalise inclusiveness of the private sector especially in policy formulation.
NECA DG, wake smart speaks on the rationale behind the theme and equally gave his submission on the call for inclusiveness of the private sector.
These speakers and discussants are unanimous in their submission that, if the incoming leadership can develop the political will to tackle corruption, eliminate poverty, create good policy and an enabling environment where businesses can thrive,Nigeria economy will rebound .
