{"id":807,"date":"2023-10-24T08:58:18","date_gmt":"2023-10-24T08:58:18","guid":{"rendered":"https:\/\/arritoneconsult.com.ng\/blog\/?p=807"},"modified":"2023-10-24T08:58:18","modified_gmt":"2023-10-24T08:58:18","slug":"reiterates-private-sectors-crucial-role-in-nigerias-economic-growth","status":"publish","type":"post","link":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/10\/24\/reiterates-private-sectors-crucial-role-in-nigerias-economic-growth\/","title":{"rendered":"Reiterates Private Sector&#8217;s Crucial Role in Nigeria&#8217;s Economic Growth"},"content":{"rendered":"\n<p class=\"has-medium-font-size\">The Lift Above Poverty Organisation (LAPO) has Reiterates Private Sector&#8217;s Crucial in driving economic growth and overall development in Nigeria. LAPO&#8217;s statement comes in response to what it sees as a misinterpretation of the remarks made by Senator Abubakar Bagudu, the Minister of Budget and National Economic Planning, during the 30th Annual LAPO Development Forum.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">LAPO clarified that Senator Bagudu&#8217;s message was taken out of context by some media outlets, emphasizing the need for an ongoing partnership with the Reiterates Private Sector&#8217;s Crucial to advance the development agenda, especially in the face of declining government revenue.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">According to Dr. James-Wisdom Abhulimen, the Head of Programme and Corporate Communications at LAPO, the minister stressed the necessity for non-state actors to complement government efforts in driving national and economic development, recognizing that the government cannot bear this burden alone.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"258\" height=\"195\" src=\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/lapo-2.jpg\" alt=\"\" class=\"wp-image-809\" srcset=\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/lapo-2.jpg 258w, https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/lapo-2-230x174.jpg 230w\" sizes=\"auto, (max-width: 258px) 100vw, 258px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The statement, quoting Dr. Sampson Ebimaro, the Director of International (Bilateral Economic) Cooperation, said that &#8220;Essentially, NGOs exist to cover the space not covered by the government by seeking propositions on issues such as health care, environment, economy, public policy, empowerment, and support to vulnerable citizens.&#8221;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Senator Bagudu&#8217;s comments highlighted the critical alignment of the government&#8217;s policy objectives with the role of non-governmental organizations (NGOs). The role of NGOs is to collaborate with the government through its national development plan, which currently spans from 2021 to 2025.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">He emphasized that this collaboration should be inclusive, non-selective, and non-discriminatory, ensuring that it addresses the overall needs of various segments of society. The minister also drew attention to the challenges facing Nigeria, including slow economic growth, rapid population growth, rising unemployment, and high inflation, asserting that NGOs must step in to assist the government in areas where it cannot provide adequate coverage.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"293\" height=\"172\" src=\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/poverty.jpg\" alt=\"\" class=\"wp-image-810\" srcset=\"https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/poverty.jpg 293w, https:\/\/arritoneconsult.com.ng\/blog\/wp-content\/uploads\/2023\/10\/poverty-230x135.jpg 230w\" sizes=\"auto, (max-width: 293px) 100vw, 293px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">LAPO&#8217;s message reinforces the critical role of the private sector and NGOs in advancing Nigeria&#8217;s development, particularly when faced with economic challenges and increasing demands on the government. This reaffirmation of the need for collaboration between the public and private sectors sheds light on the path forward for the nation&#8217;s development agenda.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">For more news visit <a href=\"https:\/\/arritoneconsult.com.ng\/blog\/wp-admin\">https:\/\/arritoneconsult.com.ng\/blog<\/a><\/p>\n\n\n\n<p class=\"has-medium-font-size\">For more educational post visit <a href=\"http:\/\/examhood.com.ng\">examhood.com.ng<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lift Above Poverty Organisation (LAPO) has Reiterates Private Sector&#8217;s Crucial in driving economic growth and overall development in Nigeria. LAPO&#8217;s statement [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reiterates Private Sector&#039;s Crucial Role in Nigeria&#039;s Economic Growth - Arritone Consult<\/title>\n<meta name=\"description\" content=\"Reiterates Private Sector&#039;s Crucial role in driving Nigeria&#039;s economic growth and development. 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