‘Infrastructural devt, access to funds will end recession’

Apolitical economist and management analyst, Prof. Pat Utomi, has identified easy access to fund for micro and small and medium scale enterprises (MSMEs), production of raw material to finish goods within the country and improved infrastructural facilities as solution to the Nigeria’s economic recession.

Utomi said this, yesterday, at the quarterly lecture on monetary policy, competitiveness and development, organised by the Economic and Business Strategies (EBS), co-hosted by Dr Magnus Kpakol, entitled: “The Role Of Monetary Policy In Job Creation.”

He said that there was need to strengthen Nigerian institutions through policy stability and strong political will to end poverty.

“We deserve strong institutions and not strong men,” he said. “A good leader also should focus on purpose and not power. All around the world, politics is all about how jobs can be created because, it is through jobs that people can better their lives. Also, the nation’s monetary policy should have value to create wealth.”

Speaking, the President of Connex Corporation, Ms Anita Campion, called for reform in the agricultural sector, saying that Nigerian economy was blessed with natural resources.

The former deputy governor of the Central Bank of Nigeria, Dr Obadiah Mailafia, urged the federal government to formulate strategic policies to cater for the youths.