The Federal Government should collaborate with the non-state actors to achieve economic development and ensure the success of its social investment programmes, a former acting Governor of the Central Bank of Nigeria, Dr Sarah Alade, advised on Thursday.
According to her, non-state actors, including the Living Above Poverty Organisation, would play crucial roles in shaping the economic destiny of Nigeria.
Alade who was also Special Adviser to President Muhammadu Buhari, on Finance and Economy, stated these during the 30th Annual Development Forum organised by LAPO in Abuja with the theme, “The role of non-state actors in national development: A case study of LAPO.”
She said that the estimated cost of the National Development Plan (2021 – 2025) stands at N348trn, with the government contributing N49.7trn and the private sector providing approximately N298trn, which accounts for about 86 per cent of the total required amount.
The PRIMANEWS reported that the event was attended by a political scientist and lecturer in the Department of Political Science, Federal University, Otuoke, Dr Felix Oriakhi; Founder/CEO, LAPO Group, Dr. Godwin Ehigiamusoe, and Minister of Budget and National Planning, Senator Abubakar Atiku Bagudu, represented by Dr. Sampson Ebimaro.
Ehigiamusoe said, “With millions of beneficiaries and a full-time staff of 10,212, these institutions and others within the LAPO system have made immense contributions to national development. This paper is expected to highlight the over N1.2trn LAPO Microfinance Bank has contributed to female owners of micro and small businesses.”
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