A cityscape in Enugu, Nigeria. Although this city is nicknamed coal city, Nigeria as a whole is taking steps toward clean energy and a green recovery. Photo by Ovinuchi Ejiohuo/Unsplash
The COVID-19 pandemic has given rise to what may be the most challenging global health and economic crisis of our lives. In response, governments around the world have committed at least $12 trillion in stimulus to COVID-19 recovery, much of it focused on immediate needs like health, food security and jobs. Yet countries must also focus on building their economies for tomorrow economies that are resilient to global health crises, economic shocks and climate change. By prioritizing COVID-19 stimulus that tackles multiple challenges, countries can build back in a way that is more inclusive, sustainable and resilient.
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In partnership with the private sector, the Federal Government would continue to support innovation and interventions to boost the growth of small businesses across the country, so as to improve the economy and create more employment opportunities for Nigerians, according to Vice President Yemi Osinbajo, SAN
Prof. Osinbajo stated this Monday at the first meeting of MSMEs stakeholders for the year 2021.
The Vice President urged stakeholders in the public and private sectors at the virtual meeting to be innovative in the interventions planned for small businesses across the country, so as to consolidate on the gains recorded in the MSMEs space in the past few years
By Johnbosco Agbakwuru
Vice President Yemi Osinbajo has said that small businesses are the engines of growth of any economy, especially in the areas of wealth creation and employment opportunities.
Prof. Osinbajo also said that in partnership with the private sector, the Federal Government would continue to support innovation and interventions to boost the growth of small businesses across the country.
This he said would improve the economy and create more employment opportunities for Nigerians.
Speaking on Monday in Abuja at the first meeting of MSMEs stakeholders for the year 2021, Osinbajo urged stakeholders in the public and private sectors at the virtual meeting to be innovative in the interventions planned for small businesses across the country, to consolidate on the gains recorded in the MSMEs space in the past few years.
Vanguard News
LCCI canvasses structural reforms to boost economy in 2021
On
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he Lagos Chamber of Commerce and Industry (LCCI) has called for structural reforms that encompasses review of foreign exchange (forex) management and increased investment in infrastructure, warning of continued rise in inflation in 2021.
Director General, LCCI, Dr Muda Yusuf, speaking in the Chamber’s “Economic Review and Outlook for 2021”, made available to Vanguard, said inflation rate will continue its climb by 2021 as a result of rising food prices due to the disruptions in food value chain caused by insecurity, energy costs and lack of forex liquidity.
However, he believe a broad-based harmonisation of fiscal and monetary policies towards addressing the identified structural constraints will significantly help to moderate inflationary pressure in the medium term.
Nigeria: LCCI Canvasses Structural Reforms to Boost Economy in 2021 allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.