Next administration urged to address infrastructure challenge, others for economic growth

to thrive and contribute significantly to the country's ecoHE Executive Chairperson nomic development. of Still Earth Holdings, She gave the submission at Oyindamola Adeye mi, said a forum to review the perinadequate infrastructure, formance of the economy limited access to credit, inse - where she advocated the forcurity, foreign exchange mulation and implementashortage, low foreign direct tion of sound pro- business investment, and climate policies and incentives to proc ha nge are critical factors mote an enabling environthat must be addressed by the ment for businesses. incoming administration She pointed out that the

According to Adeyemi, the economy has yet to achieve issues require urgent atten - the expected bounce- back tion to create an enablin g rate, primarily due to inflaenvironment for businesses

Ttion and other disruptions, including the contraction of the oil and gas sector. "Nigeria's economy has remained resilient with moderate gross domestic product ( GDP) growth post- pandemic period, albeit below expectation with a spiraling inflation rate. The non- oil sectors have continued to contribute positively, driven by agriculture, service industries and construction while oil and gas contracted due to low outputs,” Adeyemi said.

She also expressed optimism that Nigeria's economy could experience a stronger rebound if the incoming administration formulates and implements the right policies.

According to her, Still Earth Holdings, with its diversified portfolios in construction, oil and gas, as well as finance, is uniquely positioned to drive the national economy growth through innovative solutions that promote resilience and sustainability.