Africa’s richest man, Alhaji Aliko Dangote, has listed three
major challenges facing Nigeria’s economy that the President-elect,
Muhammadu Buhari needs to tackle.
According to
Dangote, Buhari needs to make unemployment, increased power generation
and corruption his top priorities after his swearing-in on May 29.
Speaking
in an interview with This Day, Dangote pointed out that the business
community in the country is set to back Buhari’s administration.
He
explained that with President Goodluck Jonathan conceding defeat, the
confidence of investors all over the world has been boosted, adding that
the business community would wax stronger if the president-elect
tackles some urgent needs of the economy.
Speaking on unemployment, Dangote said: “It is a great and
pervasive problem in Nigeria. But the point must be made that it is not
peculiarly a Nigerian problem. All over the world, there are growing
issues of unemployment. And what we are saying is that the in-coming
government can achieve a remarkable success in this regard if it
declares an emergency on unemployment and tackle it decisively. You know
the organised private sector will or should play a key role in this.
And that is why we are concerned.”
He further lamented the extent of damage corruption has done to Nigerian economy, describing it as a “big cankerworm that has really eaten deep into the fabric of our nation.”
“The malaise of corruption is a threat to the survival of the
Nigeria economy, no doubt. We must all therefore rise in unison to
tackle the menace both in the public and private sector of the economy.
The Buhari-led government can show a lot of strength on this issue by
showing direction, by demonstrating commitment to ridding every sector
of the economy of this malaise.
“I can tell you that a lot will change in Nigeria if this issue is tackled decisively,” Dangote said.
The
businessman called on Buhari’s administration to revisit the ongoing
privatisation programme in the energy sector with a view to growing the
energy capacity of the country.
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