Tuesday, October 15, 2019
Advertisement

Zainab Ahmed: We’re working to grow our economy as fast as China’s

Zainab Ahmed: We’re working to grow our economy as fast as China’s
September 16
18:22 2019
Advertisement

Zainab Ahmed, minister of finance, budget and national planning, says the federal government is working towards growing the nation’s economy at a similar pace with China’s.

Speaking at a news conference on the forthcoming 25th Nigerian Economic Summit in Abuja on Monday, Ahmed said there are plans for operational, regulatory and legislative interventions to move the country to the top 100 on the ease of doing business ranking.

According to the 2018 World Bank Ease of Doing Business ranking, Nigerian ranked 146, dropping a spot from its 145-rank in 2017.

She explained that President Muhammadu Buhari’s administration had taken steps toward making the country investment-friendly and competitive.

She said part of this was the establishment of the Presidential Enabling Business Environment Council (PEBEC), to address business constraints to support the diversification efforts.

Ahmed attributed Nigeria’s movement on the ranking to the implementation of business-focused policies.

“We have also established a competitiveness advisory council and special economic zones (SEZs) in the six geo-political zones, as a vehicle for partnering with the private sector,” Ahmed said.

“The initiative is in line with the modern trend of providing infrastructure to business clusters to improve and boost economic activities in such zones as found in China and other fast-growing economies.

“We believe that these initiatives will improve trade balances, investment and create jobs.”

She also said the government is willing to work with the private sector on commercially viable projects to expand transportation and other infrastructures that would make the country competitive for investment

She said the greatest challenge facing the government was inadequate revenue to execute its intended projects.

According to her, new sources of revenue is being identified and enhanced while coordination and cohesion among revenue generating agencies, is being improved.

She expressed hope that the summit would also assist in proffering solutions on how to maximise the large workforce, reap the demographic dividends and achieve a competitive economy that is inclusive.

RECEIVE ALERTS FROM THECABLE

WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2019 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

October 14, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement