NECA Seeks Private Sector Inclusion In FG Policy Formulation

The Director General of Nigeria Employers Consultative Association (NECA) Mr Adewale-Smatt Oyerinde

has called on President Bola Ahmed Tinubu to involve the Organised Private Sector (OPS) in policy formulation in order to fast track economic growth.

Citing the contribution recorded in the past in GDP, despite the odds, as reason for his call, Oyerinde reminded Mr President that if non-oil sector stood at N2.57 trillion in 2022 with a growth rate of  growth of 19.6% for the whole year; share of oil export to total export was recorded at 76.74% in 2022, with share non-oil to total export stood at 9.54% in 2022, contribution of oil sector to GDP was 5.67%  in 2022; and non-oil sector contribution to GDP was 94.33% in 2022, then the sector can play a major role in restoration of the economy in 2023.

During a press briefing organised by NECA to sensitise the public towards its planned summit, Oyerinde urged the federal government to demonstrate its true commitment to national development by participation in the two days event.

As means of achieving its set goals for economic growth through inclusion of OPS in scheme of things, NECA is set for second annual employers’ summit with theme: Trade and Non-Oil Exports; Changing the Narratives, on 10th – 11th July, 2023 at Intercontinental Hotel (formerly Sheraton)

9.00am.

Meanwhile the DG has added his voice against classifying that the economy has sprang up under this present regime within one month.

Oyerinde who made this known to LEADERSHIP Newspaper, noted that it was premature for anyone to posit that the economy has been repositioned.

“While we note and commend President Tinubu for the bold steps he had taken so far, we look forward to the outcomes of the reform initiated so far.

“The steps have been deliberate and bold, which is one of the missing ingredients in the last administration. A quick appointment of competent individuals to the various Ministries, Departments and Agencies will either affirm the repositioning or otherwise of the economy.”