The Public Private
Partnership (PPP) has been described as a panacea for accelerated economic development in the country.
A chartered Banker in the state, Mr Nedd Ogudiagwu, made this ascertion in an interview with The Tide in Port Harcourt on Wednesday.
Ogudiagwu also said good governance and youth participation would positively influence the growth of the economy of the nation, especially Rivers State.
According to him, “it would take good governance, youth participation and public private partnership to adequately address the lack of infrastructure especially adequate power supply before we can notice a growth in economic development.
He also stated that to bring infrastructure up to prevailing standards in developing countries, government needed a huge “amount of hard currency.”
He said, “government alone may not be able to do it, that is why the private sector must be brought in to work in synergy with the government to bring about lasting solution to the infrastructural problems plaguing economic growth in this state.”
He further said government must promote the integration of young knowledgeable persons in governance to introduce fresh ideas that would promote development and avoid being sentimental.
“In choosing people for positions in the state, government must source for people who have the intellectual ability to executive policies and not pick people based on sentiments of party affiliations,” he said.
He continued, “government must change its leadership style and source for technocrats who can significantly drive the different aspects of the economy,” while calling on youths not to waste their energy in negative things that would not profit them and society.