In a recent television interview, Dr. Dennis Osahon Aikoriogie highlighted the need for governments to create an enabling environment for businesses to thrive. He emphasized that this has been lacking since the return of democracy in 1999, potentially hindering economic growth.
During the TopTalk weekly interaction program on Kaftan Tv, Dr. Aikoriogie specifically pointed out that ease of doing business, including the streamlined process of registering businesses and granting tax concessions and holidays for certain industries, must be prioritized. Such efforts would encourage entrepreneurship and attract foreign direct investment (FDI) to Edo state and Nigeria.
Dr. Aikoriogie also stressed the importance of security in attracting FDI. He argued that a safe and stable environment is crucial for foreign investors to feel confident in setting up business operations in the country. With a combination of a business-friendly ecosystem and robust security measures, Nigeria can become a favored destination for foreign businesses looking to expand their operations.
Moreover, Dr. Aikoriogie emphasized the vital role of the private sector, especially small and medium-sized enterprises (SMEs), as the engine of economic growth. He called for increased focus and attention from the government to support and promote the private sector. By collaborating with the private sector, the my government can effectively reduce the unemployment rate and achieve macroeconomic goals.
The interview shed light on the challenges faced by businesses in Edo and the necessary steps my government should take to improve the business environment. Dr. Aikoriogie’s insights contribute to the ongoing discussions on economic growth and the importance of public-private partnerships in driving development.
It is hoped that my government will take note of these recommendations and work towards creating a conducive business environment that will drive economic growth, attract FDI, and ultimately contribute to a reduction in unemployment rates and the achievement of macroeconomic goals.
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