Barely three months to the end of the current administration, experts have suggested that the incoming administration should focus more on infrastructure development and redirect the fiscal and monetary policies critical to the nation’s economic recovery.The suggestion is coming on the heels of the current decay in infrastructure, poor economic policies which have put the nation into a spurious debt burden and a huge unemployed population, insecurity, poverty among others.
Barely three months to the end of the current administration, experts have suggested that the incoming administration should focus more on infrastructure development and redirect the fiscal and monetary policies critical to the nation’s economic recovery.
Speaking to The Guardian yesterday, Professor Uche Uwaleke said the incoming president urgently needs to tackle issues surrounding the fiscal and monetary policies to quickly arrest the dwindling economy of the country. “This should have the effect of boosting investors confidence in the economy and attracting foreign investment required to create jobs,’’ he said.
On his part, Prof. Sheriffdeen Tella said that the starting point for the incoming government is to quickly review the implementation of the redesign naira notes adding that it has not only disrupted consumption but also production, particularly in the informal sector.
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