President Buhari tasks private sector on economic recovery

President Muhammadu Buhari, on Thursday, tasked the private sector operators in the country, to take the lead in the efforts at resuscitating the nation’s ailing economy, saying they hold the key to quick economic recovery.

According to National Mirror, the president, who spoke at the 44th Annual General Meeting of the Manufacturers Association of Nigeria (MAN) held in Abuja, and attended by lawmakers and members of the Organised Private Sectors (OPS), enjoined the private sector to work with the Federal Government towards taking the country out of recession.

While noting that the government will rely heavily on  the input of the private sector in its economic policy, he extolled the contributions of Aliko Dangote and other manufacturers.

He said the private sector is indispensable in the development of the Nigerian economy.

In addition, National Mirror reports that the President of the Dangote Group, Aliko Dangote, urged the Federal Government to expand the tax base rather than increasing the tax rate as currently being advised.

Also, National Mirror reports that, Minister of Industry, Trade and Investment, Dr Okechukwu Enalamah, said the government will continue to partner MAN in order to get Nigeria out of the current recession.

He said, going forward, the Buhari administration will be creating enabling environment for businesses to thrive; implement the Nigeria Industrial Revolution Plan; champion and facilitate macro, medium and micro economic programmes and as well support the participation of Nigerian manufacturing sector in the global economic chain.

Read more: http://nationalmirroronline.net/new/buhari-tasks-private-sector-on-economic-recovery/