Government Must Know Difference Between Policies and Promises—Rewane

December 14, 2022
Rewane difference between policies and promises

By Aduragbemi Omiyale

A renowned economist, Mr Bismarck Rewane, has said for the government to put the economy on the right track, it must understand the domestic issues facing the country by knowing the difference between policies and promises.

Mr Rewane said this at an economic forum organised by his company, Financial Derivative Company Limited (FDC) themed Corporate Resilience: Economic Recovery Against Unforeseen Pandemics.

The event was designed to drive discussions on the need for organisations to prepare against future pandemics and the need for equitable economic recovery plans.

The forum, which took place in Lagos on December 5, attracted key stakeholders from the telecoms, FMCG, agriculture, and infrastructure sectors.

Delivering the keynote address, Mr Rewane said, “We believe that corporate resilience is an integral part of building corporate strategies, and organizations should leverage the key learnings from the pandemic to form the basis of its strategic decisions.”

Speaking further, he noted that to drive equitable recovery, “government must understand the difference between policies and promises so that more credible policies can be developed and driven by credible leadership.”

“Once we better understand the domestic issues we face, we will see that our recovery as a nation will be much more dynamic than a lot of other countries, and I am optimistic that things will change for the better,” he added.

Also speaking, the General Manager of Strategy and Innovation at MTN Nigeria, Mr Babalola Oyeleye, disclosed that digital transformation provides an opportunity to build corporate resilience and provide for quick economic recovery.

“We are seeing the advent of new technologies taking centre stage. To build resilience that will withstand any challenges, organisations have to transform digitally internally.

“One lesson the COVID pandemic taught us is that it is possible to be productive, effective and even more efficient even when work is done remotely from different locations.

“So, embedding new technologies within our work environment would build more resilience and provide a tremendous opportunity for recovery,” he submitted.

Business Post reports that the forum provided an opportunity for organisations, including MSMEs, to engage in discussions and analyse possible ways to build resilience against future pandemics.

The dialogue also offered recommendations that can enable economic recovery to be more equitable and just across all spectrums of an organisation.

Other personalities present at the programme were the GMD/CEO of Flourmills of Nigeria Plc, Omoboyede Olusanya; the CEO of Main One, Funke Opeke; and the Managing Director of Babban Gona, Kola Masha, among others, with the panel discussions moderated by the founder and chief investment officer of Sankore Investments, Titi Odunfa Aseoye.

Aduragbemi Omiyale

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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