Nigeria Development and Finance Forum (NDFF) has recommended 15 ways to achieve an impactful economy.
It made the recommendations at its 2024 conference held at Transcorp Hilton, Abuja. Participants included ministers, regulators, policymakers, members of the diplomatic corps, public and private sector leaders, leaders of international institutions, social sector leaders, and the media.
This is contained in a statement signed by the Director, NDFF, Jide Akintunde.
According to the statement, the two-day conference had as its theme “The Road to Economic and Social Welfare Transformation.”
The conference generated resolutions and recommendations, which reads: “Provision of palliatives to vulnerable citizens is necessary and important to cushion the impact of economic shocks. Demand for palliatives will remain because global economic shocks and shocks from local economic, social, and climate crises, which are no longer a rarity, are expected to continue to occur regularly. As such, the Nigerian government must put in place frameworks to deliver palliatives efficiently and cost-effectively.
“Policy must build resilience to the crisis by improving the business environment, incentivising production, boosting industrial capacity, and bringing industrial production closer to the people. This will accelerate economic growth, generate employment, and result in shared prosperity.”
“Market reforms are important. But Nigerian institutions need to be rebuilt and equipped with the ethos and capacity to be values-driven, goal-oriented, and efficient. The country also needs a coherent economic development agenda to boost long-term investment confidence. The essential factors for achieving this are good governance and public sector managerial leadership skills, which are crucial for effective resource management, policy implementation, building trust, and promoting unity,” among others.
The conference also noted that gender stereotypes and discrimination against women had contributed to a lack of support for and recognition of women, many of whom were operators of nano, micro, small, and medium-sized businesses.
