Resilience, investment will help Nigerians surmount daunting challenges

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Minister of Budget and Economic Planning, Senator Abubabar Bagudu, yesterday, said the resilience of Nigerians amid daunting challenges, as well as increased confidence and investment by the private sector would help surmount current insecurity in the country.

Speaking at the closing briefing of the 29th Nigerian Economic Summit , he pointed out that there was nowhere in the world that was totally free from issues of insecurity. He was responding to an observation that deliberations during the summit appeared to be silent on issues of insecurity which is presently bedeviling the country amid kidnappings, banditry and terrorism – a situation that continues to scare particularly foreign investors.

We need to generate economic activity because it’s a chicken and egg situation. “I can read an online statement about a state today and decide that I cannot go there forever because I am scared; but people live there, people work there and people earn daily livelihood there. “Investment particularly by the domestic private sector is a statement that we believe in our economy, we believe in the capacity of our economy and investment that will help us to dominate our environment.

 

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