Federal Government working with private sector to reflate economy

The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, says the Federal Government in its diversification efforts, is working with the private sector to reform and reflate the nation’s economy.

Enelamah said this in Abuja on Tuesday at the 48th Annual National Conference of the Chartered Institute of Personnel Management of Nigeria (CIPMN) which has “People/potential/ Possibilities’’ as its theme.

The minister said the Federal Government was creating an enabling environment for businesses and investments to thrive.

He added that “as a government, we are working hard to reform and reflate the economy by partnering with private sector to bring out the nation out of recession.

“We are focusing particularly on creating an enabling environment for businesses and investments to thrive.’’

Enelamah, however, urged the Institute to partner with the Federal Government in its diversification efforts to develop human capital and to help in increasing the nation’s Gross Domestic Product (GDP).

He said Nigeria had been having economic challenges over two years owing to the drop in the price of oil which remained its major source of revenue.

According to him, countries such as Japan, Germany, China and Rwanda suffered economic problems in the past but they rebuilt their countries due to the commitment of their citizens.

Enelamah urged Nigerians to borrow a leaf from these countries by working with governments to bring Nigeria out of its current economic situation.

The CIPMN’s President, Mr Anthony Arabome, said the Institute existed as an organisation that assisted Nigeria and Nigerians to develop human capital and potential in the country.

Arabome expressed the Institute’s readiness to build human capacity to ensure that its members used their influence to increase the nation’s GDP.

He said the conference was held to set agenda for its members to adopt best practices and honour those that distinguished themselves with human resource best practice awards