The Nation Newspaper

Tag: grow economy

  • How to grow economy, by Phillips Consulting chief

    The Micheal Omolayole Management lecture series has concluded arrangements to proffer solutions to the dearth of human capacity in the country with its 34th annual lecture scheduled for Thursday, September 28 in Lagos.

    Guest speaker, Foluso Philips, of Phillips Consulting, will be speaking on economic development as a strategic tool for increasing national and organisations’ capability to perform and succeed in the dynamic world.

    He will also speak and proffer fresh insights on the theme: “Human Capacity Building” and other critical management issues, as regards the development of Nigeria’s human capital at the event in Lagos.

    The foremost management and economic development event is a gathering of over 300 Senior Executives, CEOs, and Heads of Strategy, to discuss key issues, originate new ideas and learn about the key role of management and economic development as a strategic tool for increasing national and organisations’ capability to perform and succeed in the dynamic world.

    This annual Lecture is organized by AIESEC Alumni Nigeria (AAN), a nonprofit organization of graduates who were members of AIESEC – the world’s largest youth-run organization present in over 1,700 universities across 126 countries and territories that allows university students to explore and develop their leadership potential.

    Since 2013, the Omolayole Management Lecture has been organised in collaboration with four other organisations in which Dr. Michael Omolayole has played a significant role over the years.

  • AMEN seeks clusters to boost jobs, grow economy

    President, Association of  Micro Enterprises of Nigeria (AMEN), Prince  Saviour Iche,  has called  for more  industrial  clusters to allow small to medium sized enterprises grow and boost the  wider economy.

    Iche said collaboration and expert support offered to businesses within the cluster could produce more jobs across the country.

    By creating more clusters, he said, the government will ensure that SMEs  perform at their best as businesses could tap into a vast network of knowledge to resolve issues.

    Iche called on the Federal Government to consider the plight of its members evicted from the Industrial Development Centre, Ikorodu on account of ongoing renovation carried about by Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).

    According to him, the association was not against the move but that throwing its members outside the place after they have spent money repairing some facilities left some of the entrepreneurs stranded.

    Iche said there were areas within the facility that were not developed, adding that it would pay the agency to focus on those areas while allowing entrepreneurs to still operate where they had established small factories.

    He reiterated the association readiness to work with government at all levels to overcome challenges pertaining to sustainable economic growth.

     

  • FG to partner COSON to grow economy, says Onyeama

    FG to partner COSON to grow economy, says Onyeama

    The Federal Government has pledged to support the Copyright Society of Nigeria (COSON) to enable the creative industry contribute its quota to the growth and development of the economy.

    Foreign Affairs Minister, Geoffrey Onyeama, stated this in Abuja during an audience with the Board members of COSON led by its Chairman Chief Tony Okoroji, who were at the Tafawa Balewa building, Abuja

    The organisation had earlier conferred on the Minister COSON award of the year which is the highest honour of the organisation.

    Onyeama stressed the importance of the organisation with regards to the development of creative industry in Nigeria.

    “I want to really commend the leadership of the organisation and I feel very humbled and honour for the award which shows the importance of intellectual property.

    “We are now in the knowledge economy in the world and we have seen how the creative industry has played important role in the economy in major industrialised country.

    “And, how it has played more and more important role in Nigeria, its role came to limelight during the rebasing of Nigeria economy where Nigeria became the largest economy in Africa,” he said.

    According to him, one of the greatest factors that contributed to that was the creative industry; and it is important because what they do was to collect royalties to pay the artists.

    He said that the creative industry had really redefined the country and also rebranded the nation and helped in growing the economy.

    “The bulk of Nigeria population is made up of youth so to have an industry that is really creating jobs for the youth and creating a very positive image for the country.

    “The industry is also adding to the wealth of the country  which is amazing,” he said.

    He however, noted with concern that one of the biggest challenges of the industry was piracy,

    Earlier the Chairman of COSON board sough the cooperation of the Federal government in the development of creative industry.

    Okoroji said that the organization was trying to work with the Federal Government at different levels and at the level of  foreign affairs  because Nigerian creative products are all over the world.

    “The issue is that we are not getting appropriate value for the work and then we need to engage all the stakeholders and others involved in the changing nature of the economy.

    “We will engage the Ministry of Information and Tourism, Ministry of Industry, Trade and Investment and all other agencies involved,” he said.

  • How to grow economy, by C & S leader

    How to grow economy, by C & S leader

    The Federal Government has been urged to urgently develop other critical sectors capable of earning the nation more foreign exchange.

    This advice was given by the Chairman and General Leader, Cherubim and Seraphim Movement Church, Surulere District, Ayo Ni O, Special Apostle Sunday Korode, at a briefing to announce the church’s End of the year crusade.

    Korode added that the government must look away from oil to create employment and generate more wealth for the nation.

    The cleric urged government at various levels to be opened to meaningful suggestions and shades of opinions by various individuals and civil society organisations on how to move the country forward.

    He, however, said the suggestions should be carefully sieved to get the best from them.

    According to the cleric, the government should not just jettison any suggestion for being parochial or prejudice, maintaining that all advice should be judiciously utilised for the survival of the country.

    He said this year’s crusade that started on Friday was planned to address the emotional, spiritual and social challenges experienced by Nigerians.

  • How to grow economy, by don

    For any economic system to grow, it must have an agenda focusing on production, distribution and consumption of resources, a senior lecturer in the Department of Actuarial Science, University of Lagos, Dr Tajudeen Yusuf, has said.
    Yusuf spoke at an annual lecture series organised by the Muslim Students’ Society of Nigeria (MSSN), Lafenwa/Sabo Central Branch in Abeokuta, Ogun State capital.
    He attributed hoarding of goods, extravagant spending, budget padding, and non-execution of governmental projects among others as causes of the economic recession.
    Yusuf canvassed adoption of Islamic financial system as a step to take the nation out of recession.
    According to him, advanced countries like Great Britain, Germany, United States, South Africa, have key into the system.
    The Islamic financial system will rejuvenate the economic problem if well harnessed, he said.
    He urged Nigerians to explore the opportunities inherent in the system.
    This, he said, they could do through the Institute of Islamic Finance Professionals (IIFP), which is recognised by the Central Bank of Nigeria (CBN).
    Yusuf said: “The government has already key into it (Islamic Finance); government has given us licence; the institute has also been registered by the Corporate Affairs Commission (CAC). It is now time for Nigerians, Muslims in particular, to embrace Islamic financing by patronising Islamic banks, Islamic insurance, Islamic institutions to transact their business and economic affairs.
    “Muslims should key into these products by ensuring that they run an interest-free account, insure their vehicles, their homes and others through the Islamic financial institutions,”
    Yusuf debunked claims that adopting Islamic Finance system could lead to Islamisation of Nigeria, explaining that the CBN Governor, who is a Christian, was the head of the International Islamic Liquidity Management based in Malaysia.
    “What evidence does anybody need besides this to key into it, all these banks (operating Islamic financial system), which of them have you gone to and has denied? it (Islamic Finance) is not discriminatory, it accommodates everybody except those who wants to be mischievous. How will it Islamise Nigeria? Did it Islamise Britain? Did it Islamise Germany? Did it Islamise US? In fact, the International Monetary Fund (IMF) has a department for Islamic finance,” Yusuf said.