Business
Consultant Urges Govts To Partner Private Sector
Governments at both federal and state levels have been urged to work in partnership with the private sector in advancing new prospects for Small and Medium Scale Enterprises (SMEs) through an integrated national development strategy.
A management consultant, Soibifa Opiribo who gave the charge on Wednesday at the on-going 1st Port Harcourt Discount Market, Elekohia Stadium, Port Harcourt, said this is with a view to stimulating a sustainable socio-economic growth and development in the country.
According to him, this is necessary considering the efforts of government towards repositioning the various sectors of the economy, which calls for joint identification of new projects, execution/implementation and monitoring by both the private and public sectors.
He posited that the private sector displays a high degree of efficiency and effectiveness in the management of material and human resources, stressing that the issue of commercialisation, privatisation and liberalisation of the economy must be vigorously pursued in order to provide the needed impetus for the business and the economy to grow.
The issue of adopting a strategy of constant consultation with the private sector on policy formation and implementation for the business and economic growth of the nation, he said should be sustained on a continuous basis.
On removal of oil subsidy, Opiribo who also is the Managing Director of Sopiri-Consult, maintained that the proposed deregulation of the downstream sector of the economy should be better done after the necessary infrastructural development (provision of good roads, adequate power supply, portable water, improved telecommunications, security of lives and property) has been made available and new refineries built so that the petroleum would be available.
He said that Nigeria’s quest to become one of the twentieth industrialised economies in the world by the year 2020 would only be achieved if the synergy between the public and private sectors is solidly on ground and sustained to boost business activities and growth of the economy.
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