
NECA Recommends Policy Options For Nigeria’s Economic Growth
The Nigeria Employers’ Consultative Association (NECA) has recommended economic policy options that would restore the tottering Nigerian economy to the path of stable growth.
These options included a stable and highly predictable revenue stream, growth-focused monetary and fiscal policies, a secure and business-friendly environment, and a legal, regulatory and legislative system amongst others.
It also noted that now was the ripe moment for Nigeria to launch a major paradigm shift in its economic philosophy in order to be in a position to contain the adverse impact of the projected global economic recession in 2023, adding that there is a need to design a long-term funding mechanism for tertiary education rather than the call for the increase of TETFUND from the current 2.5 percent t...