The Nigerian Institute of Training and Development has commended the Federal Government’s Economic Recovery and Growth Plan.
The President, NITAD, Mrs. Janet Jolaoso, in her address at the institute’s 21st Annual General Meeting in Lagos, urged the Federal Government to collaborate with professional bodies in proffering lasting solutions to the current economic challenges.
She expressed excitement at the recent news that the nation’s economy was improving, saying it was a development that signalled an end of recession.
“On this premise, we wish to express our support as a professional body to President Muhammadu Buhari’s proposed recovery plan to revive the nation’s ailing economy,” she said.
Jolaoso implored the Federal Government to muster the necessary political will, which has always been a challenge in the country, and create an enabling environment for businesses to survive and thrive.
She advised the government to introduce fiscal stimulus in major sectors and industries such as power, manufacturing, financial services, mining, rail and roads to enable competent Nigerians to get jobs.
According to her, all these will make Nigeria become an investors’ destination.
She also commended the Presidency in its fight against corruption and advised that it should not relent so as to make Nigeria great again.
Jolaoso explained that the eight-point agenda of the institute aimed at repositioning it was useful, adding that it had helped it to record great success and achievements within one year.
According to her, the institute’s charter bill has scaled through the public hearing stage at the National Assembly to conclude the legislative process for the final endorsement by the executive.
She explained that NITAD recorded positive growth in 2016 despite the economic recession in the country, attributing the growth to a massive restructuring in matching of funds and prudent management of cash flow.
“A positive growth was achieved in the year under review, translating to N4.36m, thereby moving from a deficit of N36m in comparison to 2015,” the organisation said.
Although, there was a drop in members who met their financial obligations, NITAD explained that it was due to the present economic situation in the country.
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