NCCN holds discourse on Sub-National Competitiveness in Nigeria
As part of its efforts in driving the viability of States in Nigeria, the National Competitiveness Council of Nigeria today hosted a press panel discourse on the theme “Competitiveness: The Viable Path to Job Inclusive Growth”.
The forum brought together stakeholders in policy advocacy space and also financial, business and economic correspondents.
Giving her opening remarks, the Program Manager Ford Foundation, West Africa Eva Kouka said the foundation was partnering with the NCCN to tackle issues like inequality, tackling corruption and ending poverty.
She stressed that Ford Foundation supports ideas and institutions, that are focused on driving social-economic empowerment in West African region.
Kouka commended NCCN on the planned launch of the Sub-National Competitiveness Index, which she believed will be of immense value to stakeholders in the Nigerian economic space.
At the panel session moderated by the CEO of the NCCN Mr Mathias Chika Mordi, Mr Olufemi Awoyemi CEO of Proshare harped on the need for States in Nigeria to look inward, and develop their economies.
He noted that prior to the discovery of crude oil, the Nigerian regions were doing better competing on the basis of resource utilization.
Speaking on the state of states, Awoyemi decried the fact that Nigeria lost a great opportunity when the oil prices dipped, but needs a clear economic ideology to anchor development from which Sub-National can derive from. He made a strong case for more investments in human capital development, which is critical for the productivity of the nation.
The CEO of BudgIT a strategic policy advocacy group in Nigeria Mr Seun Onigbinde, was of the view that competitiveness has not been given top priority at the State level.
Onigbinde opined that the electoral cycle in the country, had its effects on the policy framework of States which has been more of short-term in the level of planning.
He also listed poor fiscal management, crowding out of capital expenditure in budgets and lack of incentives to development, as issues State governments must address.
Panelists at the forum agreed that States were vital to Nigeria’s quest to attaining a productive and viable economy.
NCCN will on Thursday November 2nd, 2017 launch the Sub-National Competitiveness Index which captures all 36 States from Abia to Zamfara.