NASS Working to Increase Private Sector Participation in Economy – Saraki
London, Oct. 27, 2017 (AltAfrika)-The Nigerian Senate President, Dr. Abubakar Bukola Saraki says the legislators are doing everything possible to increase private sector participation in all spheres of Nigerian economy in order to make the country viable.
Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, said that the aim of the 8th National Assembly under his leadership was to reduce government intervention in sectors that were traditionally guided by market forces.
The Senate president was receiving members of the Board of Directors of the United States (U.S.) Chamber of Commerce and the Africa Business Centre (ABC) who were on a courtesy visit to the leadership of the Senate
“One of our primary goals is to increase the private sector’s participation in the economy by reducing government intervention in sectors that traditionally are guided by market forces. This reform will help create more industries needed for job growth and economic stability. To this end, several of the Senate’s priority economic bills are making their way to final passage in both Chambers.”
Saraki, a former bank Managing Director told the team “trade and job creation through trade is a two-way street and that the National Assembly is open to listening to ideas about how to further the cooperation between Nigeria and the U.S. private sector. Over the past two years, Nigeria has invested heavily in the agriculture sector as an integral initiative to diversify the economy. Obviously we have invested too much to change our national strategy. The current challenge is how do we attract investment to grow the industries within the agriculture sector”.
At the parley, IBM said it would soon commence its Digital training program in Africa from Nigeria where they seek to train about 25 million people for “new collar jobs.”
The delegation led by the ABC Co-Chair and Chairman of Dangote Group, Alhaji Aliko Dangote, included the U.S. Ambassador to Nigeria, Mr. Stuart Symington, Chairman of Zenith Bank, Mr. Jim Ovia, President of the ABC, Mr. Scott Eisner and several other board members.