{"id":29648,"date":"2019-02-01T11:27:02","date_gmt":"2019-02-01T10:27:02","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=29648"},"modified":"2019-02-01T11:27:02","modified_gmt":"2019-02-01T10:27:02","slug":"nigeria-now-on-growth-trajectory-says-jim-ovia","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nigeria-now-on-growth-trajectory-says-jim-ovia\/","title":{"rendered":"Nigeria Now on Growth Trajectory, Says Jim Ovia"},"content":{"rendered":"

The Chairman of Zenith Bank Plc, Mr. Jim Ovia, has lauded the federal government\u2019s economic team for pulling the economy out of economic recession, acknowledging that the country\u2019s economic outlook shows that it is now on a growth trajectory.<\/p>\n

Ovia, while appraising the performance of the economy in 2018 in a goodwill message he delivered at the Deloitte in Dialogue Nigeria Economic Outlook 2019 event in Lagos yesterday, noted, \u201cWe are no longer in recession and we have been able to manage the rate of inflation. The outlook for the nation shows that we are \u201cnow on a growth trajectory\u201d.<\/p>\n

The Zenith Bank chairman who focused on two key points in his message \u2013 the ease of doing business, and the nation\u2019s inflation rate, commended the present economic team including Ministers of Budget and National Planning, Senator Udo Udoma; Finance, Mrs. Zainab Ahmed; Industry, Trade and Investment, Mr. Okechukwu Enelamah and Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele \u201con the nation\u2019s remarkable improvement on the ease of doing business index.\u201d<\/p>\n

On the way forward, Ovia charged them with the responsibility of further improving on the nation\u2019s current global ranking on the ease of doing business index to free up some economic bottlenecks still inhibiting business growth.<\/p>\n

In his words, \u201cThe target for the ease of doing business for Nigeria in 2019 in terms of global ranking, should be single digit.\u201d<\/p>\n

In his presentation, the Minister of Budget and National Planning, assured his listeners that \u201cNigeria was indeed bouncing back,\u201d explaining that the outlook for 2019 was brighter as the federal government was seeking more private sector participation in infrastructure development through Private Public Partnerships.<\/p>

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According to him, \u201cWe are exploring diversified means of building and closing the existing infrastructure gap. One of the ways is the involvement of private partners in the new Public Private Partnership policy which seeks to give private operators more opportunities to develop infrastructure.<\/p>\n

\u201cAt the moment, we have just sealed an agreement with a private operator to take over the reconstruction of the roads to Apapa Ports.<\/p>\n

We apologise for the hardship Nigerians have passed through these past three years plying the road and we are committed to ending all these hardships soon,\u201d he added.<\/p>\n

Also speaking at the occasion, the Minister of Finance, Mrs. Zainab Ahmed, explained that her ministry was working with other stakeholders, including the state governments to remove duplicitous taxes from the system, assuring that complaints by owners of businesses and ordinary Nigerians about double taxation would soon be a thing of the past.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Chairman of Zenith Bank Plc, Mr. Jim Ovia, has lauded the federal government\u2019s economic team for pulling the economy out of economic recession, acknowledging that the country\u2019s economic outlook shows that it is now on a growth trajectory. Ovia, while appraising the performance of the economy in 2018 in a goodwill message he delivered …<\/p>\n","protected":false},"author":6,"featured_media":29649,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[4502],"coauthors":[2391],"class_list":["post-29648","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-jim-ovia"],"yoast_head":"\nNigeria Now on Growth Trajectory, Says Jim Ovia - National Wire<\/title>\n<meta name=\"description\" content=\"The Chairman of Zenith Bank Plc, Mr. Jim Ovia, has lauded the federal government\u2019s economic team for pulling the economy out of economic\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/nigeria-now-on-growth-trajectory-says-jim-ovia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria Now on Growth Trajectory, Says Jim Ovia - 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