A NEW CAPITALISM: Views From The Top
‘The Private Sector Remains The Engine Of Growth For The Nigerian Economy’
Aliko Dangote, President, CE, Dangote Group
Covid-19 has changed how we do business now. It has reshaped the business environment. Businesses that adapt fast are going to be absolute winners. The pandemic has accelerated digitalization of businesses and processes in Nigeria. Most meetings are now held online and digital platforms offer reduced costs in terms of movements, setups, security etc. The ability to adapt shall determine winners and losers in the coming post-pandemic era.
The private sector remains the engine of growth for the Nigerian economy. We need to have a Marshall plan, a special fund for the private sector, beyond any other government support initiative. The special fund will get the sector to play its crucial role in the reconstruction of the domestic economy. The funds must get to the private sector and be monitored to ensure proper utilization and achieve the intended results.
The government should also create enablers in the economy such as improved infrastructure, consistency in policy, and constant dialogue between the private sector operators and government. This makes for mutual cross-fertilization of ideas and minimizes unintended results. If these strategies are put in place and implemented, Nigeria may well survive the post-Covid crisis and emerge even stronger than before.
‘The Resilience And Innovativeness Of Nigerians’
Folorunso Alakija, Executive Vice Chair, Famfa Oil
The outbreak of the Covid-19 pandemic plunged the global economy into recession, with both the strong and weak economies worldwide being affected, though the latter were impacted more than the former. As a
