Oby Ezekwesili recently gave a speech at The Platform in Abuja. It was quite a good speech and with her permission, I am publishing the accompanying slides to the speech
Barriers to Economic Growth and Developmenttutor2u
This is a revision presentation covering examples of barriers ti economic growth and development in emerging and developing countries. In their revision students should consider factors such as:
Poor infrastructure
Human capital inadequacies
Primary product dependency
Declining terms of trade
Savings gap; inadequate capital accumulation
Foreign currency gap and capital flight
Corruption, poor governance, impact of civil war
Population issues
About Us:
UltraSpectra is a full-service online company dedicated to providing the services of internet marketing and
IT solutions to professionals and businesses looking to fully leverage the internet.
http://www.ultraspectra.com
http://www.ultraspectra.net
Join Our Network:
facebook.com/ultraspectra
twitter.com/ultraspectra
youtube.com/user/ultraspecra
Vietnam is a fast-growing lower middle income country that has received considerable inward investment in recent years. This revision webinar for A-level Economics looks at the contextual evidence on Vietnam and compares and contrasts their current growth with China. It analyses some of the key growth drivers and evaluates barriers to growth including environmental challenges and vulnerability to external economic shocks.
Barriers to Economic Growth and Developmenttutor2u
This is a revision presentation covering examples of barriers ti economic growth and development in emerging and developing countries. In their revision students should consider factors such as:
Poor infrastructure
Human capital inadequacies
Primary product dependency
Declining terms of trade
Savings gap; inadequate capital accumulation
Foreign currency gap and capital flight
Corruption, poor governance, impact of civil war
Population issues
About Us:
UltraSpectra is a full-service online company dedicated to providing the services of internet marketing and
IT solutions to professionals and businesses looking to fully leverage the internet.
http://www.ultraspectra.com
http://www.ultraspectra.net
Join Our Network:
facebook.com/ultraspectra
twitter.com/ultraspectra
youtube.com/user/ultraspecra
Vietnam is a fast-growing lower middle income country that has received considerable inward investment in recent years. This revision webinar for A-level Economics looks at the contextual evidence on Vietnam and compares and contrasts their current growth with China. It analyses some of the key growth drivers and evaluates barriers to growth including environmental challenges and vulnerability to external economic shocks.
The Power-point discusses the macroeconomics of china. It discusses the inflation, unemployment in china, fiscal and monetary policy of china and the foreign exchange rate mechanism of china. It also discusses what can be the endgame for china for changing in its policy.
Stimulation of foreign resources into Nigeria is to transform the economy as neoclassical economics promised. Successive governments in Nigeria usually attract large inflows, yet, small proportion is usually distributed to the agricultural sector despite the importance of this sector and the need for such capital. This study therefore focuses on the policy implication of sectoral distribution of foreign capital for the agricultural sector in Nigeria. The main objective is to examine the contribution of foreign capital to growth in the agricultural sector. Secondary data are employed for analysis. The relevant data are obtained from Central Bank of Nigeria (CBN) Statistical Bulletin. Simple percentages, tables and charts are the tools of analysis, while regression and correlation techniques are the inferential statistical approaches applied. Findings show that distribution of capital inflow in Nigeria does not reflect theoretical position that capital should flow to sectors of need, particularly, where there are abundant raw materials. This theoretical postulation has not been upheld in Nigeria where capital inflow was found to be randomly distributed. This has had negative effect on the contribution of foreign capital to growth in agricultural sector. It is therefore recommended that government should pursue policies like tax holidays and production subsidies for foreign investments in the agricultural sector.
Financial sector has always been potential ingredient in bringing growth in an economy, the indirect impact of
financial markets and institutions through saving mobilization and credit expansion is of extraordinary importance.
By employing Autoregressive Distributed Lags (ARDL) approach impact of financial sector on economic growth of
Tanzania is examined. The results show that, in both long-run and short-run, financial development exerts significant
but negative effect on economic growth contrary to our expectations. The study employs the ratio of broad money to
GDP (financial depth) as a proxy measure of financial development, along with inflation rate, real interest rate, real
exchange rate, share on of investment to GDP, proportion of development expenditure to total expenditure and
dummy for structural reforms as control variables during our estimations. Results also suggest non-existence of
causality between financial development and economic growth. Thus the study suggests strengthening data
availability on flow of credit from financial institution to the public is necessary to materialize the effect of financial
sector in Tanzania
The Power-point discusses the macroeconomics of china. It discusses the inflation, unemployment in china, fiscal and monetary policy of china and the foreign exchange rate mechanism of china. It also discusses what can be the endgame for china for changing in its policy.
Stimulation of foreign resources into Nigeria is to transform the economy as neoclassical economics promised. Successive governments in Nigeria usually attract large inflows, yet, small proportion is usually distributed to the agricultural sector despite the importance of this sector and the need for such capital. This study therefore focuses on the policy implication of sectoral distribution of foreign capital for the agricultural sector in Nigeria. The main objective is to examine the contribution of foreign capital to growth in the agricultural sector. Secondary data are employed for analysis. The relevant data are obtained from Central Bank of Nigeria (CBN) Statistical Bulletin. Simple percentages, tables and charts are the tools of analysis, while regression and correlation techniques are the inferential statistical approaches applied. Findings show that distribution of capital inflow in Nigeria does not reflect theoretical position that capital should flow to sectors of need, particularly, where there are abundant raw materials. This theoretical postulation has not been upheld in Nigeria where capital inflow was found to be randomly distributed. This has had negative effect on the contribution of foreign capital to growth in agricultural sector. It is therefore recommended that government should pursue policies like tax holidays and production subsidies for foreign investments in the agricultural sector.
Financial sector has always been potential ingredient in bringing growth in an economy, the indirect impact of
financial markets and institutions through saving mobilization and credit expansion is of extraordinary importance.
By employing Autoregressive Distributed Lags (ARDL) approach impact of financial sector on economic growth of
Tanzania is examined. The results show that, in both long-run and short-run, financial development exerts significant
but negative effect on economic growth contrary to our expectations. The study employs the ratio of broad money to
GDP (financial depth) as a proxy measure of financial development, along with inflation rate, real interest rate, real
exchange rate, share on of investment to GDP, proportion of development expenditure to total expenditure and
dummy for structural reforms as control variables during our estimations. Results also suggest non-existence of
causality between financial development and economic growth. Thus the study suggests strengthening data
availability on flow of credit from financial institution to the public is necessary to materialize the effect of financial
sector in Tanzania
Insurance Outsourcing – Ensuring a Brighter Future - September 2011 Everest Group
Everest Group will highlight the findings of its reports on the insurance IT Application Outsourcing (AO) and insurance Business Process Outsourcing (BPO) market covering the following aspects:
1) Insurance outsourcing – Market size and growth: Define insurance outsourcing industry size, review growth trends, understand the key factors driving the growth of insurance outsourcing, and discuss the specific AO and BPO value propositions in light of these drivers
2) Key transaction and adoption trends in Insurance AO & Insurance BPO: Analyze the current IT-BP activity in the insurance sector covering ‘large, multi-year AO relationships’ within IT, and ‘insurance industry specific and non-voice BPO’
3) Emerging priorities and future outlook: Highlight themes that are influencing the sourcing priorities of global insurance majors; and discuss how these changes will impact the AO and BPO outsourcing landscape evolution in the future
When we look at retail banking, one of the primary culprits of a poor customer experience is the perception of erroneous fees and a lack of transparency around fees. With transparent pricing, Zafin can help provide a better customer experience.
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
With the best of intentions, banks often assume what customers want, push the wrong products and services, work in siloes and generalize. Banks tend to forget that their customers are human beings that evolve and so do their needs. Not everyone makes the same choice, so banks need to reflect this in their product offerings.
For banks to differentiate themselves and move forward, they need to allow customers and Relationship Managers to dynamically bundle products and services based on the customer’s preferences. The more you bank with me, the more value we will provide in return.
Under a Product and Pricing Lifecycle Management (PPLM) model, create suitable products and product bundles based on customer or other data across lines of business and business units.
Presented by Zafin’s Meenaz Sunderji, General Manager, Asia Pacific, at the 20th meeting of the World Savings and Retail Banking Institute’s (WSBI) Asia/Pacific Regional Group in Vietnam on May 21, 2014.
www.zafin.com
Powerful forces are reshaping the banking industry. Customer expectations, technological
capabilities, regulatory requirements, demographics and economics are together creating an
imperative to change. Banks need to get ahead of these challenges and retool to win in the next era.
Banks must not only execute on today’s imperatives, but also radically innovate and transform
themselves for the future.
Opportunities & Challenges in West Africa's (Ghana & Nigeria) Healthcare and ...Aiswariya Chidambaram
This presentation made at the Pharma Insights Briefing session of CPhI Worldwide 2014, Paris, provides information on the market opportunities of
the fastest growing pharmaceutical markets in Africa: Ghana and Nigeria.
• Market sizing and Growth Trends
• Key Merger, Acquisition and Partnership Assessment
• Market Drivers and Challenges
• Pharmaceutical Procurement, Supply, Distribution and Retail
• SWOT and PESTLE Analysis
• Competitive Landscape Analysis
• Therapeutic Area Growth Analysis
• Strategic Recommendations
The SlideShare 101 is a quick start guide if you want to walk through the main features that the platform offers. This will keep getting updated as new features are launched.
The SlideShare 101 replaces the earlier "SlideShare Quick Tour".
Developing the Nigeria Manufacturing sector is a route to opening up a new frontier for the expansion of trade, productivity & competitiveness
• Currently, Industrial capacity is very low with critical industries within the real sector performing below expectations
• The contribution of manufacturing to Nigeria’s GDP is less than 10%
• This is very sad given the fact that retail and wholesale trade are growing at a very fast rate
• And given the fact that Agriculture account for almost 24% of Nigeria’s GDP, there are indications that if a proper framework is put in place, Nigeria’s manufacturing can begin to witness phenomenal growth
• Part of the factors that will help shore up local production and reduce the cost of doing business in Nigeria are:
• The Power Sector reforms - this needs to be fine-tuned
• The strengthening of a policy framework which removes double taxation and encourages investment in the vertical integration of primary sector, Agriculture to secondary sector, production
• Such policies must be backed with the right fiscal policies which give a measure of comfort to infant industry against global competition
Financing for Development: Getting Nigeria out of RecessionLinda Odume
In 2016, the Nigerian economy shrank by 1.5% being its first recession in over 20 years. The country in this circumstance will never be able to address participate in the achieving the sustainable development goals. The brief slide hopes to give a concise option of what the Nigerian government can do to be able to get out recession into the path of economic growth.
This presentation elaborates the economic crisis in Sri Lanka. It explains the causes of economic instability in Sri Lanka and the factors worsening it. Such miserable economic situation is presenting valuable lessons for other sister asian countries to counter their economic instability. Pakistan, a sister country of Sri Lanka is facing severe political and economic instability these days. Pakistan is learning from the Sri Lankan economic situation and tending to improve its economy but the extreme political instability is hurdling and exacerbating the economic crisis. However, policies are underway to counter the economic crisis and more probably Pakistan will escape the Sri Lankan experience.
Nigeria is now Africa’s leading economy, overtaking South Africa last year to become the continent’s largest nation in terms of GDP. Yet to take its rightful place among the world’s top emerging markets, the country must overcome a series of obstacles. Most pressing are economic diversification, job creation and a more effective conversion of growth into what matters most: rising incomes for the country’s 173m citizens.
One change-maker for all three goals will be the country’s vast network of micro, small and medium-sized enterprises (SMEs).
IHS Africa-commissioned report sheds light on Nigerian SMEs and the challenge...IHS Towers
IHS Africa has commissioned a study that attempts to fill a gap in the scholarship on the country’s thriving economy. The recently released report, conducted by the Economist Intelligence Unit, looks at the tight-knit network of small and medium-sized enterprises (SMEs) currently driving Nigeria’s remarkable economic development. With the help of financial funding from IHS Africa, the work carried out for this report has identified a series of key areas where swift government action would give SME entrepreneurs the boost they need and significantly decrease the difficulty of carrying out business operations in the region.
Implementing the necessary changes is of vital importance, not in the least because 90% of all business being conducted in Nigeria is carried out in the SME sector. The IHS Africa study identified five key productivity areas, in addition to associated challenges that are preventing the sector from reaching its full potential. The report also includes a series of recommendations on how to create a fertile terrain for business development. This report is only a small step on what looks to be a long road, but it will certainly not be the last and IHS Africa and the ICT solutions they offer will play an important part in facilitating the process of change.
One of the most important conclusions to be drawn from the IHS Africa report is the fact that the five categories where progress was monitored (policy, ICT, infrastructure, energy and finance) do not exist independently from one another. For example, deficiencies in adequate transportation facilities have had an impact on the proliferation of telecommunication solutions. Therefore, the onus of reform does not rest squarely on one of the participants (government, banks, the SMEs themselves) and any actions should not fail to take this complex web of interconnectedness into account.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
7. The Rise of China & Embrace of
Markets
• From 1981 to 2008, China’s
poverty rate fell from 85% to
15.9%, or by over 600
million people
• China accounts for nearly all
the world’s reduction in
poverty
• Excluding China, poverty fell
only by around 10%
globalissues.com
11. Monetary and Fiscal Policies are the instruments
of response to changes in local and global
economy.
Key highlights of our Relative Macroeconomic Stability through
monetary and fiscal policies since 1999 to May 2015
FISCAL PRUDENCE/FISCAL DEFICIT NOT ABOVE 3%
DEBT MANAGEMENT
SINGLE DIGIT INFLATION
INTEREST RATE & POST 5% GDP GROWTH
12. PILLAGING AND MISUSE OF HUGE OIL REVENUE
OIL PRICE SHOCK & THE GLOBAL ECONOMY
EFFECT OF WRONG FOREIGN EXCHANGE POLICY
PRICING A NATIONAL CURRENCY
DIVERGENCE OF OBJECTIVES
19. NIGERIA
Inflation rises to double digits
Evidence shows that as the Nigeria
Government tries to “protect” the
Currency, fiscal and monetary
indicators are blinking red.
21. NIGERIA
External Reserves
Sliding
Evidence shows that as the
Nigerian Government tries to
“protect” the currency, fiscal and
monetary
indicators are blinking red.
-$2.4bn
Nigeria foreign reserves from $29.59bn
to $27.1bn has lost $2.5bn since this
government took over in May 29, 2015.
Is this currency inflexibility working?
We are stuck with $27bn as our
reserves needs a six-month import
cover.
22. • Non-Oil Exports Volume Declines
Volume for non-crude exports declines
from N4.4tn to N2.7tn in 2014
• Job losses & Industry Contraction
Stagnancy at retail industry as e-commerce
platforms and other agencies are downsizing
NIGERIA
It is time to rise up
Evidence shows that as the Nigerian
Government tries to “protect” the
Currency, fiscal and monetary
indicators are blinking red.
23. • Currency Peg and Fuel Scarcity
Current selective allocation of forex when price adjustment is needed
stopped private marketers from importing thus creating an import
logistics and availability crisis.
• Budget Crisis with fiscal stagnation
Nigeria fiscal deficit rises to N2.2tn and government without price
adjustment is starving itself of revenue, putting unnecessary strain on
borrowing for capex.
• States Fiscal Crisis
Despite a bailout of N1tn in salary assistance and loans, states are
not out of the woods.
NIGERIA
It is time to rise up
Evidence shows that as the Nigerian
Government tries to “protect” the
Currency, fiscal and monetary
indicators are blinking red.
24. DEVALUATION
THINGS TO NOTE
•Flexibility ensures you do not run out of reserve,
ensures manageable uncertainty and keeps policy
responsiveness attractive to both citizens and
business. More effective in combination with Tariffs in
controlling import.
•Defreeze Forex Supply-Side Barriers: Agriculture
productivity and export can respond and expand on
the back of our weaker currency. Don’t say we have
“nothing else but oil to export”. China, Vietnam,
Indonesia, South Korea all once had “nothing to
export”. Exchange rate policy was key to their global
competitiveness and it was not just about “strong
currency” .
•Transparent market based allocation reduces
opportunities for misallocation of scarce exchange
25. THE DOWNSIDES OF
DEVALUATION
We are right to worry about the inflationary impact
of Devaluation. It is real.
Regrettably though, current indicators all point to
the fact that under the extant forex policy stance we
are already suffering that impact without getting the
aforementioned benefits of a more deliberate
approach at adjusting the Naira. THE POOR ARE
WORST HIT.
CURRENT SYSTEM PROMOTES
DISCRETION, OPAQUENESS, CORRUPTION& PATRONAGE.
INEFFICIENCY, DISTORTION, UNCERTAINTY AND DECLINE.
WRONG SIGNALING.
DEVALUATION
THINGS TO NOTE
31. LET’S FACE FORWARD
NOW!
Mentally shift the mindset from moaning
and groaning about what was done by the
previous administration to a
“THE-CHALLENGE-IS-DAUNTING-BUT-
WE- SHALL- FIX IT-MINDSET."
Once new government was sworn in 29th
May 2015 it inherited both the assets and
liabilities of Governance: The Theory of
Accountability!
32. Rebuild
Our
Social
Capital
• Commence Rebuilding our social capital-
inclusion, cohesion and justice. Hard
work. Effort, healthy
competition. Creativity, Innovation.
• Our President cannot “dislike” any
segment of his population.
Magnanimous in victory.
• The Igbos &the Niger
Deltans, expressed their own
legitimate choice in an election.
• It must not lead to their becoming
“ostracized” as a tacit policy of state.
#OfficeOfTheCitizen
35. RAISING NIGERIA'S PRODUCTIVITY AND
COMPETITIVENESS- HUMAN CAPITAL LED
ECONOMIC DEVELOPMENT STRATEGY
Defining our economic vision and strategy
36. JOBS, JOBS AND MORE JOBS:
At least 3-4 million NEW JOBS needed annually.
WHERE WILL THE JOBS COME FROM?
EMBRACE THE PRIVATE
SECTOR IN BOTH
WORDS AND DEEDS.
37. Where Shall the Jobs Come
From?
• Agric and Agri-business, Power, petroleum,
gas, solid minerals, aviation, roads, ports,
water and waterways, penetration of ICT,
housing, tourism.
• Become an Investment Friendly Destination
• Critical Infrastructure: Industrial Clusters
• Build massive army of World class skills and
talent for industry and enterprise
38. Where Shall the Jobs Come from?
• Increase the Role of Private sector in Economy:
• Reset the Incentive- Reward and Sanctions-
regime
• Make Manufacturing Cornerstone of Growth
strategy: Be Deliberate in targeting light
manufacturing industries in Asia seeking lower
labor cost destinations.
• Another look at the Economic Liberalization and
Deregulation Agenda using a sources of growth
identification process.
41. Think in time scenarios of
short, medium and long
term
42. Lay the foundation for a new political context
for lasting legacy
Reform our politics and save it from a decadent elite class. End the nexus
between politics and corruption money and other forms of illicit wealth.
The generation of our children are ready to take over the nation from
us but we must not allow lack of campaign finance stop them.