Following the swearing-in of Bola Ahmed Tinubu as the 16th president of the federal republic of Nigeria yesterday, economic stakeholders have called on the
“According to the regulator’s ‘Open Access Next Generation Fibre Optics Broadband Network’ paper, which was released in 2013, InfraCos will be in charge of giving service providers access to a national broadband network that will aid in closing the digital divide, promote the creation of local content, and provide quick and dependable broadband services to homes and businesses,” Olude stated.
On his part, the chairman, the Association of Licensed Telecommunications Operators of Nigeria , engineer Gbenga Adebayo has called on the new government to tackle the issue of multiple taxation in the sector and to reject the proposed National Information Technology Development Agency Bill. Represented by the head, Communications, MAN, Ambrose Oruche stated the need to give the productive sector maximum priority for the general good of all in terms of wealth and job creation for the nation.
According to him, the impact is graver among industries, especially manufacturing, which has been battling poor performance and is now on the verge of collapsing as a result of these challenges, especially taxes. He maintained that Science, technology and innovation is a very crucial cross-cutting sector in all developmental efforts of any nation if it is to be sustainable.
“The incoming government should concession all the airports with none remaining as commercial for government management. Each of the international airports must be concessioned with four of the domestic airports to remove the burden of the management and maintenance from the government except the provision of recoverable intervention funds for capital projects.
Moreover, the National president of Association of Small Business Owners of Nigeria, Dr. Femi Egbesola charged the newly installed government to improve business scenarios for organised private sector, SMEs operators, domestic market and Manufacturers to strengthen the activities of the Naira with exports.
He charged Bola Ahmed Tinubu to explore avenues to address multiple taxes, bonker inflation, stagflation, unemployment and binding constraints and weak regulations that impinges on the nation’s economy and operating environment. The president, National Council of Managing Director of Licenced Customs Agents , Lucky Amiwero, said the new president should overhaul the maritime sector.
In the same vein, theTrustee of Zacchaeus Onumba Dibiaezue Memorial Libraries , Ayo Obe, called on government at all levels to try as much as possible to leave the door open to people who want to assist and contribute to the building of the education sector in a way that is transparent and fits into some of the things the government plans to do.
Moreso, an economist, Tope Fasua said, if the new government is able to implement half or even 30 per cent of its manifesto, it would be enough to turn the country around. Rafsanjani said he expects reforms in the area of taxation, trade and investment, the ease of doing businesses and blocking leakages in the economy such as ensuring that oil theft is dealt with. He also called for the revitalisation of industrialisation in Nigeria which includes reviving the Ajaokuta steel rolling company.
Director-general of Lagos Chamber of Commerce and Industry , Dr Chinyere Almona hoped the new administration will focus on issues of immediate and critical importance to the business environment and the overall economy. She said the government should sustain interventions in select sectors like agriculture, manufacturing, and export to boost the nation’s foreign exchange earnings capacity.
Also, the managing director of Coleman Wires and Cables, Mr. George Onafowokan said, the Nigerians are optimistic to welcome the administration of President Asiwaju Bola Tinubu and his vice, Kashim Shettima. “The interest rate is not sustainable for the manufacturers. The government should also make available intervention funds to the manufacturers through the Bank of Industry BOI. The government should also ensure that the process of doing business gets better,” he said.
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