By Ignatius Chukwu
The choice persons to man some sensitive institutions in Nigeria alone can cause tremendous change and recreate the economy.
This is the opinion of a chieftain of the All Progressives Congress (APC) in Rivers State, Darlington Nwauju, who sees such possibility at the Bank of Industry (BoI).
Mr Nwauju has declared that the current management of the BoI has the possibility of jumpstarting the Nigerian economy just because a strategist is now on the saddle.
The chieftain said the economy has had myriad of challenges and that the global economy too has faced challenges since the economic meltdown of 2020.
Mr Nwauju, who is the Publicity Secretary of the Rivers State chapter of the party, opined that the appointment of the young and cerebral Olusi as MD/CEO could serve as silver-lining for the nation to improve on its internally generated revenue (IGR), create more jobs, and consequently shore-up the strength of the naira.
Nigeria presently is not found on the list of top 10 countries with largest new business formation growth year-over-year according to 2020 surveys, which acknowledged Thailand as No 10 on the global rankings. Empirically, micro, small, and medium enterprises (MSMEs) contribute 49% of gross domestic product (GDP) and employ 84% of Nigeria’s workforce (according to PwC MSME Survey 2020 report).
This simply means that having the right person with the right skills set has the capacity and possibility of igniting an MSME revolution that could serve as silver bullet to cure unemployment maladies and youth empowerment challenges nationwide.
He said: “Believe it or not, having a Bank of Industry management that can nurture entrepreneurship and foster overall business development, devote time and resources to the growth of MSMEs and then create a conducive environment for businesses through practicable and not hypothetical policy reforms which Mr Olusi has the qualification and experience to bring to the table, will in no small way impact our economy positively.
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