Obasanjo wants fg create enabling environment economic growth

A great topic!

Former President Olusegun Obasanjo has indeed called on the Federal Government to create an enabling environment for economic growth in Nigeria. Here are some key points from his statement:

Enabling Environment: Obasanjo emphasized the need for a conducive business environment that encourages investment, innovation, and entrepreneurship. He believes that a favorable business climate will attract both local and foreign investors, leading to economic growth and development.

Reducing Bureaucratic Red Tape: The former President urged the government to simplify and streamline bureaucratic processes, reducing the time and cost associated with setting up and running businesses. This, he believes, will boost investor confidence and encourage entrepreneurship.

Infrastructure Development: Obasanjo stressed the importance of investing in critical infrastructure such as roads, railways, ports, and energy. He believes that modern and efficient infrastructure will facilitate the movement of goods and services, reducing costs and increasing productivity.

Promoting Small and Medium-Scale Enterprises (SMEs): The former President emphasized the need to support SMEs, which he believes are the backbone of any economy. He advocated for policies and programs that promote SME growth, such as access to finance, training, and mentorship.

Fighting Corruption: Obasanjo also highlighted the need to combat corruption, which he believes is a major obstacle to economic growth and development. He urged the government to strengthen institutions and ensure accountability, transparency, and the rule of law.

Diversifying the Economy: The former President emphasized the need to diversify the economy, reducing dependence on a single commodity (oil). He believes that this will make the economy more resilient and better equipped to withstand external shocks.

Encouraging Foreign Direct Investment (FDI): Obasanjo urged the government to create an attractive environment for FDI, which he believes will bring in new technologies, skills, and capital, leading to economic growth and development.

Overall, Obasanjo's call for an enabling environment for economic growth is a timely reminder of the need for the government to create a conducive business climate that encourages investment, innovation, and entrepreneurship.