BEARS: Arrangee Arrangee

On our lead story the penultimate week, Lagos Chamber of Commerce and Industry (LCCI) faulted President Mohammadu Buhari’s fiscal acumen even as they described the nation’s increased ranking on the ease of doing business ranking by World Bank as deceptive. However, Bill Gate, the Co-chair of the Bill & Melinda Gates Foundation, has also faulted the Federal Government’s Economic Recovery and Growth Plan (ERGP).

Addressing stakeholders at the special session of the National Economic Council (NEC) meeting presided over by Vice President Yemi Osinbajo in the Presidential Villa, Abuja, Gates stressed the need for the President Muhammadu Buhari-led administration to take a second look at the National Economic Plan in terms of its priorities for human capacity development.

“To anchor the economy over the long term, investment in infrastructure and competitiveness must go hand in hand with investments in the people. People without roads, ports and factories can’t flourish. And roads, ports and factories without skilled workers to build and manage them can’t sustain an economy,” Gates noted.

With all these deficiencies, one begins to wonder how Nigeria got a better rating at recent World Bank ease of doing business global rating.

Shey na arrangee?

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