Banker urges new ministers to embrace professionals

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Abuja – The Regional Manager, Skye Bank Dr Unity Oseghe, has advised the new Minister of Trade and his Finance counterpart to tap from the wealth of experience of professionals in the sectors.

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Oseghe told the News Agency of Nigeria (NAN) in Abuja on Wednesday that the time of armchair ministers was over as Nigerians were expecting them to deliver the promised change.

He said that the ministers should embrace institutions such as Association of Accountants of Nigeria, Institute of Chartered of Accountants of Nigeria, and Chartered Institute of Commerce of Nigeria.

“They should go to some of these professional bodies and tap from their wealth of experience; they are experienced individuals in those organisations.

“Their role is to go to these organisations and engage experts in discussion and study some memoranda that came up in their various conferences.

“They will be able to have a road map on ways to address the issues of commerce, trade, finance and industrialisation from those memoranda,’’ he said.

Oseghe said that those experienced members of the associations would be willing to support government.

He said that the ministers should engage them to contribute to the economy and march their suggestions with recommendations from the civil servants.

“The task before the ministers is to revive the economy and make it one of the 20th economies in the World by 2020. They should work hard to curb the high rate of inflation in the country.’’

He said that one of the ways to curb inflation rate was to make trading environment conducive for investors, manufacturers and entrepreneurs.

“The inflation rate will start going down when investors come in, manufacturers encouraged and they do not have to pay much in generating power.

“If the condition is conducive for manufacturers, prices of things will come down and when prices of things come down, then our Naira will begin to have value.
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“It is possible for inflation rate to go down if the right mechanisms are set a right. It happened in Singapore, China even in India, so it has happened before.

“This is the time to fight corruption, build infrastructure and encourage private people to join hands with the government to transform the economy,’’ he said.

The National Bureau of Statistics said that inflation rate was in double digit figure of 9.4 per cent as at September, being the highest of consumer inflation since 2013 and above the Central Bank of Nigeria target ceiling of 9 per cent. (NAN)


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