Buhari to Western governments, Nigeria operates own economic model


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As Nigerians gear up for a new dawn tomorrow, the president is now taking bold steps to accelerate economic growth which will take all stakeholders by surprise.

The Executive Director, National Commission on Fiscal Responsibility, Budget and Policy Development and Implementation, Dr Babajide Omotayo Ogunbanjo on Monday assured Nigerians that government will ensure total fiscal discipline in order to be able not only achieve national economic development but also sustainable peace, security and unity.

According to him, Nigerians are still at the mercy of the corrupt elite who are preying for their political advantage despite being exposed to policies that have given them no room to abuse it newsone.

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Omotayo stressed that while there is great public support for the reforms in the country’s education sector, there is a need to consider its impact on student performance and social inclusion.

“We’re very much alive and we’ve got our arms around you and we’re going to help build your nation. Yes, in your future, I hope we’ll live together as one family but if not we want to work together and be prosperous like us and let’s build a united Nigeria. We shall fight our way through. If you have faith in God, you can do. As president we pray for you and I’m praying for my dear brothers across the country. Let’s see to it that today becomes just the beginning of our journey forward.”

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He said his administration is committed to doing everything possible so as to make progress towards achieving the goals set.

“Nigerian people are really resilient through these difficult times and they are happy and proud to say that the Nigerian government is willing to deliver on promises.”

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Omotayo expressed his optimism over the emergence of several companies across various sectors.

“This year marks another exciting year for companies like Naira and Aditya Steel,” he posited. “Businesses of all sizes are working hard and investing generously in Africa, particularly in Nigeria. That means we can start 2021 strong with confidence. In 2015, foreign direct investment in Nigeria was $1 billion and this year that figure rose to at least $4 billion, reflecting the confidence in our economy and our ability to generate value. Businesses understand the importance of being good citizens and contributing to nation building. So we cannot wait till 2022 when next year would be a great year to kick-off the road to transformation.”

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Omotayo stated that businesses are becoming more transparent and are adopting digital solutions to create efficiency.

“In January 2021,we launched Naira Ecosystem Platform – a major technological enhancement, designed to manage and grow Nigerian business in the 21st century by harnessing technology, enhancing human capacity, accelerating innovation, enabling seamless collaboration and promoting digital entrepreneurship. Since then, Nigeria Economic Society (NES) has made significant strides to implement the system and the result has been impressive, especially during the pandemic and subsequent recession. There’s a lot more potential in Nigeria and, we have to act fast to seize it. Together with our partners, we are pushing forward digital transformation and leveraging resources available in our community to transform the lives of our peoples.”

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The executive director noted that the government had approved the creation of thousands of new jobs within the period of the COVID-19 lockdown and even better after the first quarter of the ensuing global recovery.

Vanguard News Nigeria

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John Mclane