This edition of the Economy and Politics, anchored by Ottoabasi Abasiekong, examines “Tinubu’s Eight Point Agenda and Inclusive Economic Growth,” following the recent briefing on the policy approach of the administration of President Bola Tinubu, GCFR, by members of his economic management.
It features Dr. Andrew Nevin, former Chief Economist/Partner PwC, and Dr. Afolabi Olowookere, MD & Chief Economist, Analysts Data Services Resources Limited, who both agreed that there was a need to rethink economic policies with an emphasis on unlocking the opportunities in the service sector and investing in areas that will boost productivity.
Dr. Nevin believed the security of Nigeria’s oil and gas assets was critical to steadying revenue flows and foreign exchange inflows to settle the economy. He also advised the Finance Minister to avoid past mistakes of initiating new programmes and tasked the fiscal policy chief to explore interventions that unlock economic activities in the country.
According to Dr. Olowookere the capital market presents a great opportunity to support the economy by listing certain state-owned enterprises (SOEs). He cited the example of Saudi Aramco, a state-owned oil company that was creating economic value for the Kingdom of Saudi Arabia through the financialization of its equity in the stock market.
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