Group Tasks FG On Economic Recovery

The Full Gospel Business
Men’s Fellowship International (FGBMFI) has advised the Federal Government to initiate practical steps that would salvage the nation’s economy and encourage local and foreign investments.
The fellowship made the call on Friday in Lagos during the “South-West 4/7 District Business Seminar” at the National Theatre, Lagos.
The seminar, with the theme:“Nigeria’s Current Economic Realities: Secrets to Thriving in Business and Career” was attended by business and corporate giants.
The former Managing Director, Neimeth Plc, Mazi Sam Ohuabunwa, urged the government to create an economic team that initiate policies and decisions that would salvage the nation’s economy.
Ohuabunwa, a foremost economic commentator and Chairman, African Centre for Business Development, Strategy and Innovation; said that policy of economic diversification should be taken seriously to boost the nation’s economy.
“The Nigerian economy is in dire need of urgent intervention and government needs to take steps to salvage the economy.
“Government should set up and empower an economic team urgently, so that it can come up with policy decisions that will salvage the nation’s economy.
“The need to diversify the economy has also become more urgent considering the dwindling revenue from crude oil and government should take this more seriously,” Ohuabunwa said.
Also, Mr David Ifezulike, Chairman of Nestle Nigeria PLC, who also addressed the seminar, advocated value addition to Nigerian exports rather than just raw materials.
“It is not encouraging that, at this time, the Federal Government and corporate individuals still continue to export raw materials without adding value.