Private Partnership with FG will Drive Economic Recovery- Onyema
The Chief Executive Officer of the Nigerian Stock Exchange Mr Oscar Onyema has expressed delight at the successful deliberations during the recently concluded NSE & Bloomberg CEO Roundtable saying that effective partnership with private and listed firms will drive the economic recovery, Nigerians yearn.
“The fact that the government recognises that it has to do more with private firms through an effective PPP model addresses the need to catalyse the private sector to participate more in investment and in driving the economic recovery strategy.” he said
According to Onyema, the collaboration with Bloomberg to hold a yearly CEO Roundtable was born out of the need to bring leaders from various sectors of the economy to discuss and proffer solutions to pertinent issues affecting their sectors and examine global trends applicable to them.
The idea is that Bloomberg, given its global reach and its knowledge of worldwide trends brings insights which when paired with our domestic insights will provide Nigerian businesses and policy makers with the requisite knowledge to properly anticipate trends that will affect the Nigerian economy and position us to extract value.
“At NSE, we are encouraged by the insights that have been generated from the two previous editions of this event and have worked with policy makers, regulators and operators to address key action items such as: FX accessibility, double taxation, and ease of doing business. We have recorded mixed results, but continue to see significant actions from policy makers in this regard” he said.
The highlight of the event was a panel session with discussions around innovation to overcoming challenges in the various sectors of the economy with participation from Mr Andrew Alli CEO, Africa Finance Corporation, Ms Funke Opeke CEO MainOne, Mr Demola Sogunle CEO Stanbic IBTC, Dr Graham Hefer MD, Okomu Oil Palm, Ms Ngozi Adebiyi CEO Outsidein HR and Mr Mark Bohlund Senior Economist Africa/Middleast Bloomberg Intelligence.
Nigerian economist and Professor at Lagos Business School Dr. Doyin Salami in his presentation at the event also called on economic policymakers in the country to focus on growth that is sustainable, sustained and inclusive.
According to him “Growing out of recession is one thing, but growing inclusively is vital for Nigeria’s economic recovery”.
The Professor of Economics and Lecturer at Lagos Business School urged policy makers to restore confidence in their words and actions. He stressed the need for coordination and clarity in policy statements in the country.
Salami identified Nigeria’s major economic challenge as unemployment and productivity, which will require the government to create an enabling environment for the private sector to participate actively, thereby creating jobs.
He said “defining the role of Private Capital and its protection, will be key to Nigeria’s economic recovery, considering the need to attract private investments to drive the economy”.
