Private Sector Seeks Economic Review Policies

The Organised Private Sector of Nigeria (OPSN) has urged the incoming administration to review economic policies in order to address the numerous challenges confronting the country.

This was contained in a release signed by the Director-General of the Nigeria Employer’s Consultative Association, Adewale Oyerinde, ahead of the OPSN roundtable dialogue.

According to him, the expected change in government this year is an opportunity to address the challenges.

He stated the incoming administration should implement policies that would swiftly improve productivity in the economy.

"In the past two decades, economic activities, industrial and non-industrial operations have grossly been depressed, which accounts for the lingering poor performances of macro and socioeconomic indicators in the country’s Gross Domestic Product, exchange rate, interest and inflation rates, industrial and manufacturing production, per capita GDP, unemployment and youth unemployment, poverty and many more have all degenerated,” he stated.