NLNG Corporate Caring banner FirstGem 3rd anniversay lecture Fidelity bank card banner Emerald Energy Institute Camano banner

Buhari urges private-public partnership toward economic development.

By News Express on 14/10/2015

Gmail icon

Views: 2,052


President Muhammadu Buhari on Tuesday in Abuja declared open the 21st National Economic Summit with a call on private and public organisations to work closely toward the country’s economic development.

Buahari, who was represented by Vice President Yemi Osinbajo, said that the task of nation-building was a shared responsibility.

“The task of nation building is a shared responsibility.

“The more substantial requirements for development today is in terms of knowledge, human resources, and capital and all of these actually lie outside of formal government structures.

“No meaningful economic or social change is possible without the active partnership of the private sector, which actively includes civil society.’’

The President said that he was personally looking forward to the outcomes of this summit.

“Something tells me that it could have many of the answers that we need for to win for our people and country in these very interesting times ahead.”

Buhari said it was gratifying that since1993, the annual Nigerian Economic Summit (NES), had been organised by the Nigerian Economic Summit Group (NESG) in collaboration with the National Planning Commission (NPC) as a public-private partnership initiative.

He said that the summit remained the foremost Nigerian forum, “which brings together the public and private sectors to interact, share thoughts, and build consensus on policy options and implementation frameworks for our country.”

The President, therefore, commended the group for being steadfast and consistent in creating the discussion forum, which he described as “the coming of age summit.”

According to the President, the summit theme: ‘Tough Choices: Achieving Competitiveness, Inclusive Growth, and Sustainability’ is as apt as “adulthood always comes with huge and

complex responsibilities.”

He said that the theme highlighted the challenges and paradoxes that defined the nation’s economic and social circumstances today.

“We are at a time of monumental challenges and tough choices but also a time of incredible opportunities for achieving competitiveness, inclusive growth and sustainability.

“We, as a government, are called upon to make tough choices in exchange control restrictions, altering the absurd recurrent to capital expenditure ratio, reducing the deficit and reducing the overall size of governance.

“We are called upon to clean up the mess and rebuild the institutions that corruption has ravaged over the years.”

The President observed that terrorism in the North East in the past six years had given rise to huge socio-economic problems, thus stalling the local economy and the education of millions of children in many parts of the country.

He said that the tragedy of thousands of orphaned children posed huge social challenges while the cost of rehabilitation of damaged infrastructure and homes was huge.

“To effectively compete for international and even local investment we need to improve our position on the ease of doing business indexes.

“This calls for both radical improvements in bureaucratic delays in obtaining pre-investment processes and also substantial investment in infrastructure, especially power, roads and technology.

“But as we take the tough macro and micro decisions for accelerated growth, we are compelled to redress the paradox of high growth figures and widening inequality, rising unemployment and poverty.

“It is evident that any economic model that leaves nearly half of the citizenry behind requires rethinking.

“This is why our economic model would involve substantial social investments over the next three years.” (NAN)

•Photo shows President Buhari.

Source News Express

Posted 14/10/2015 04:11:42 AM

 

 

CLASSIFIED ADS

 

You may also like...
Why we broke up Charly Boy’s anti-Buhari protest...

Presidency: Why PDP is going to court —...

Amosun mourns Justice Akanbi, hails ‘enviable’ legacy

Dasuki’s trial stalled again •FG must obey court...

Minimum Wage: NLC insists on N30,000 as Reps...

N30bn seized vehicles waste away in Customs custody...

NIMET predicts dust haze, poor visibility for the...

Abandoned project: 90-year-old monarch leads protest against NDDC...

Ex-PDP ministers reject Modu Sheriff as party chairman...

Akwa Ibom Government to inaugurate 49 road projects...

4 killed as herdsmen go wild in Ebonyi...

Transportation Ministry to partner stakeholders to uplift maritime...

 

Latest News BREAKING NEWS: INEC declares Yahaya Bello re-elected Kogi State Governor NTA, DSTv, GOTv to broadcast 7th News Express Anniversary Lecture this afternoon Incoming Governor David Lyon reacts to election victory, says ‘Bayelsa will be great again’ My dad demands sex before paying my school fees — Pastor’s daughter Minimum Wage: FG releases circular on consequential adjustment Mother of four killed in presence of her pleading children 700,000 jobs coming as Abia secures $430m deal for Enyimba Economic City Bayelsa Guber: Why we voted against PDP — Yenagoa residents Gunmen kill five hunters in Adamawa EU condemns violence, intimidation in Kogi, Bayelsa elections Lai Mohammed vs Governor AbdulRazaq: Leadership tussle brews in Kwara APC Gunmen kill four, injure three policemen in Imo, Katsina

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (563,407 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (452,598 views) Shameless Genevieve Nnaji exposes breasts in public (401,787 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (336,246 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (303,907 views) 10 cars more expensive than Jets (281,792 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (258,978 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (257,220 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (238,748 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (225,151 views) Lagos plane crash: Journalist releases victims’ names (201,610 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (198,240 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (109) Business & Economy (4,575) Business Verdict (86) Columnists (1,144) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (704) Features (845) Global Business Monitor (493) ICT Monitor (67) International (4,216) Interview (211) Live Commentary (30) Love Matters (176) Maggie's Blog (486) News (54,081) Opinion (1,420) Pidgin (17) Politics (11,765) Religion (1,121) Sports (2,227) Stock Watch (40) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera