Experts in data and financial services sectors have urged the Central Bank of Nigeria to create more policies that will boost investor confidence in the country.
They added that government policy actions should adopt consultation, execution, communication, and evaluation approaches to engender public and investor confidence.
They made the resolution in a communique issued at the end of the Data Services and Resources (ADSR) 2022 end-of-year webinar with the title ‘2023 in Perspective’.
According to the communique, investment-friendly policies should be pursued with rigour to attract foreign and domestic investors, thereby aiding supply-side performance.
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“Measures to raise the absorption capacity should be initiated and implemented to the letters.
“Measures to reduce the high cost of transportation, including the ongoing infrastructure development, should be sustained.
“Reducing the country’s cost of governance is critical for its fiscal sustainability, particularly as domestic resources mobilisation is low.
“There is the need to align the country’s annual budgets to its development plans, and sub-national plans should also draw a link with national plans for effective implementation outcomes,” it said.
The communique also emphasised the need for improved investment in education and redesign of educational curriculum for effective human capital development.
It said redesigning the curriculum would help to unleash the power of digital technology to create values for the people.
The stakeholders in the communique also said the country needed to tap into the global sustainable finance drive to attract capital into key sectors of the economy.
