All these, he said, have led to rising inflation, a high unemployment rate while wage levels have remained stagnant or declining in real terms, due to the weakening local currency.
Udeagbala said, “Despite all the above we must continue to weather through the Nigerian economic stormy clouds through advocacy for policies that will enhance the ease of doing business. The unfavourable economic environment should give the government serious concerns and stress the need to partner with the private sector in enunciating policies that will enhance feasible solutions to the economic challenges facing the country.
“The new year 2023 opens a window for the government to appropriately review and jettison policies that have suffocated viable business establishments and have had drawbacks on well-established private companies that are presently struggling. NACCIMA being a leading member of the OPSN is willing to partner with the government on ways to ensure economic growth and transformation in the country.”
He also urged Nigerians to take advantage of the forthcoming polls to choose political leaders that would drive economic growth in the country.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.