Private sector sets policy priorities for presidential candidates

The Organised Private Sector of Nigeria (OPSN) has proposed key policy options for the next president of Nigeria.

It said the next administration must introduce strategies that would reduce inflation rate to at least a single digit as well as tackle foreign exchange misalignment, commit to upscaling electricity generation by at least 10,000MW annually, create a friendly enabling environment, improve human capital development while targeting increased productivity among others.

The sector comprises the Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce among others. 

In the policy document read by the Chairman of the OPSN and President, Nigeria Employers’ Consultative Association (NECA), Taiwo Adeniyi, also called for structural reform of fiscal and monetary policies for enterprise growth, deliberate promotion of economic growth, financing for development and elimination of multiplicity of taxes and levies/excise duties.

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“With the recently released multidimensional Poverty Index (MPI) survey by National Bureau of Statistics (NBS), which showed that over 63% of persons living within Nigeria are multidimensionally poor,” he said.