Honeywell Group Emphasises Importance Of Public-Private Sector Collaboration

As Nigeria approaches 2023, Honeywell Group Limited (HGL) has emphasised the importance of public-private sector collaboration and the impact of forward-thinking economic policies

Senior Adviser, Government Relations, Honeywell Group Limited (HGL), Oluwayemisi Busari made this assertion in a statement made available to newsmen in Lagos on Tuesday.

Busari and Otu Hughes, Chief Investment Officer, joined over 600 notable leaders in public and private sectors for the 28th edition of the Nigerian Economic Summit (NES28), themed ‘2023 & Beyond: Priorities for Shared Prosperity, 

Speaking on the impact of public-private collaboration and the role of transformational leadership in economic development, Busari noted that the private and public sectors are like conjoined twins with a symbiotic relationship.

She said that corporate organisations need the government as much as the government requires support from the private sector.

“We need to have more relevant policies for businesses, and corporate organisations need to invest in strengthening their relationships with the government by providing the right support.

“At Honeywell Group, we ensure that we work closely with the government to drive the economy.

“We believe in forming strong partnerships that will enable positive impact.

"This goes to the core of who we are as a business,” she said.

Also speaking on macroeconomic stability for Nigeria, Hughes, said businesses are hard hit by foreign exchange volatility.

He urged the government on the need to cushion this volatility through insightful policies, adding that foreign exchange stability would help businesses in planning and decision-making.

“We have invested in the major sectors of the Nigerian economy, such as energy, technology, manufacturing, foods, real estate, infrastructure, and financial services.

“Our goal is to deliver value and improve lives,” he said.

President Muhammadu Buhari represented by Vice President Yemi Osinbajo stated that the country’s debt service to revenue ratio should be prioritised in the conversations of the summit.

"We must free up our environment for business and create an enabling environment to make local and international trade easier.”