Yemisi Izuora
The Organised Private Sector (OPS) has asked president Mohammadu Buhari to release his economic blueprint to enable stakeholders in the economy to know his area of focus.
Remi Bello, president of the Lagos Chamber of Commerce and Industry (LCCI) in a statement issued in Lagos yesterday stated that “at this time, the private sector eagerly awaits President Buhari’s Economic Blueprint that would define the policy directions of his administration”.
This Bello said has become imperative for the purpose of policy clarity, strategic planning, investment decisions and investors’ confidence.
According to him, Major business decisions have been put on hold over the past six months because of the political risk associated with a transition regime.
The first half of the year was characterised by profound uncertainty which slowed down the momentum of economic activities in the country.
He said that the sector, therefore, hope that in the next couple of days, the private sector would see an unveiling of economic blueprint of the Buhari administration.
In particular the Chamber expects a clear policy direction in the area of Oil and Gas Sector reform, the nature of intervention in the Power Sector and current regime of Investment incentives
Also expected are the regimes monetary policy thrust focussing on exchange rate management, inflation, interest rate and current tightening mode of monetary policy.
Similarly the LCCI hopes the administration would make pronouncement on its Automotive Policy and sustainability as well as Trade Policy covering Tariffs, import prohibitions, waivers.
Other demands from the federal government include, tax policy, debt management, structure of the 2015 federal government budget as well as Privatisation of Development Finance Institutions and Common External Tariff [CET] recently adopted by ECOWAS among others.
ould make pronouncement on its Automotive Policy and sustainability as well as Trade Policy covering Tariffs, import prohibitions, waivers.
Other demands from the federal government include, tax policy, debt management, structure of the 2015 federal government budget as well as Privatisation of Development Finance Institutions and Common External Tariff [CET] recently adopted by ECOWAS among others.