The call for the Federal Government to engage operators in the private sector was re-emphasized at the second edition of the Annual Nigerian Stock Exchange (NSE) Chief Executive Officer (CEOs) Roundtable Discussion in Lagos.
The event, which was jointly organised by Bloomberg, had in attendance CEOs across all the sectors of the economy.
Some of the chief executives that were on the panel of discussants included Managing Director of Nestle Nigeria Plc, Dharnesh Gordhon; Chief Executive Officer/Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya; economist and policy analyst, Dr Ogho Okiti; Director/Investment Banking at Chapel Hill Denham, Ayo Fashina, and Mark Bohlund of Bloomberg.
While acknowledging what led the Nigerian economy to its present state, the discussants all agreed that there was an urgent need to diversify the economy and pay less attention to crude oil.
In their separate contributions, they took a holistic look at the economy at large and how the scarcity of foreign exchange, high cost of premium motor spirit, inflation among other issues had impacted on their businesses.
Although despite the uncertainty, which figures from the National Bureau of Statistic (NBS) present, the panelists were optimistic that with the right policy and engagement with critical stakeholders in the economy, Nigeria should be out of the wood sooner than later.
They all agreed that there is need to address problems surrounding investments such as power, roads, and securities among others.