Dr. Samuel Nzekwe, a former President, of the Association of National Accountants of Nigeria (ANAN) has advised the Federal Government to intensify efforts in providing critical infrastructure in 2023.
Nzekwe gave the advice while speaking with the media on Wednesday in Ota, Ogun.
He noted that the provision of critical infrastructures like stable electricity, adequate security, and good road networks, were all vital to revamp the economy and improving the nation’s growth rate.
The former ANAN president emphasized the need for the Federal Government to ensure adequate security as farmers could no longer go to farms because of insecurity.
“The only way the nation can improve on growth rate and its Gross Domestic Product (GDP) was to create enabling environment for the productive sector to thrive.
“If there is no productivity in the economy, how can we improve the growth rate? This would be absolutely impossible.
Nzekwe appealed to Federal Government to redouble its efforts in 2023 to tackle insecurity so that the country could harness its comparative advantage in the agriculture sector.
This, he said, would improve the nation’s rate and generate more revenue for the country through the expiration of our farm products.
He added that critical infrastructure was needed for the nation’s digital economy to thrive, adding that through an effective digital economy, more job opportunities could be provided for youths.
Nzekwe said that the creation of more job opportunities would also reduce the crime rate and other social vices, which would indirectly attract foreign investors into the country.
He also stressed the need for good governance, to further reduce corruption, noting that money recovered from sharp practices could be used to build more critical infrastructure.
