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Economy: Business leaders must pay specific attention to our public sector leadership – NESG

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Economy: Business leaders must pay specific attention to our public sector leadership – NESG

The Nigerian Economic Summit Group has urged Business leaders to pay specific attention to public sector leadership, monitor and review policies in place to create an enabling environment for economic growth.

This was disclosed by Mr Asue Ighodalo, Chairman, Board of Directors, NESG, at the investiture of Dr Ije Jidenna as the 17th President and Chairman of Council of Institute of Directors (IoD) on Sunday in Lagos.

The event was themed: “Nigeria in Challenging Times: Rethinking the Role of Governance in Leadership.”

What they are saying

Ighodalo stated that business leaders have a central role to play with leadership and good governance, to boost economic growth, citing that countries that achieved economic growth and development had political leadership and institutions through a participating private sector.

“More than ever, these times require visionary and exemplary leadership in our public and private sector as we have been through two economic recessions and a pandemic in the last six years.

“There has also been a contraction in demand for goods and services, fiscal deficit, high unemployment, volatile oil revenues, high inflation, depreciation of our currency and decaying health facilities, among others.

“Directors and business leaders have not fully realised the power we can wield as a cohesive, transformative body and have not gathered the will and discipline to push effectively for a review of policies and to encourage the government to try a different tack.

“We must pay specific attention to our public sector leadership, monitor and review policies in place to create an enabling environment for economic growth.”

Ighodalo added that the private sector must force and upgrade discussions to issues of competence, vision, social policies, integrity, love of the Nigerian people and understanding of the dynamic world of politics.

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