“Economic interventions aimed at improving living standards and enterprise sustainability should be implemented. While forex scarcity persists, allocation of the available forex to manufacturing and other productive sectors of the economy should be given priority.”
Oyerinde said this was better time for the government to deepen its engagement with the Organised Private Sector, adding that the government’s efforts to salvage the economy was commendable. He said, “The nation is currently faced with multiple challenges. With dire combination of spiraling inflation, rising energy cost , scarcity of forex, dwindling value of the naira, an almost comatose aviation sector, stuttering education system, rising debt, depleting foreign reserve and rising fuel subsidy expenses among others, which threatens to lay bare the country’s economy.
“There is no better time for government to reappraise current economic policies and deepen its engagement with the Organized Private Sector. While Government’s effort to salvage the economy is commendable, there is, however, need for a more holistic approach to resuscitate the stuttering economy.”All rights reserved.
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