FG Must Boost Investors’ Confidence—Salami

October 10, 2016


By Modupe Gbadeyanka

Federal Government has been urged to ensure it does everything possible to boost the confidence those who invest in the country.

This was the submission of a renowned Economist, Dr Doyin Salami, at the ongoing 22nd Nigerian Economic Summit in Abuja.

Dr Salami, who is a member of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), noted that this is key to revamping the country economy.

According to him, the current state of the Nigerian economy provides a platform for all stakeholders to move forward.

He gave four short term actions for the FG to reflate the economy as getting confidence of investors, articulating a development plan, ensuring fiscal and monetary policies complement each other and making the public procurement of made in Nigeria goods operational.

The Associate Professor at the Lagos Business School (LBS) added that the percentage of Made in Nigeria in government capital expenditure should be made clear.

Dr Salami noted emphasised that government needs a comprehensive development plan to salvage the economy, adding that government needs to put in place a good communication network to disseminate information to the general public.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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