Wednesday, October 24, 2018 2.00PM /
Bukola Akinyele, Proshare WebTV
At the 24th edition of the Nigeria Economic Summit which focused on the theme “Poverty to Prosperity: Making Governments and Institutions Work” Dr Doyin Salami an economist and Chairman, NESG Board on Economic Research was a panelist at the discourse on “Ending The Vicious Cycle”.
He shared with stakeholders, his perspectives and raised two economic questions Nigeria must address as it seeks to address poverty and achieve sustainable growth
Dr. Doyin Salami said, Nigeria needs to answer two questions very quickly. The first one according to him is What role will price mechanism play in resource allocation?
He was of the view that Nigeria cannot continue to run away from a scenario that is afraid of prices.
The second question raised by the economist was What is the role of private capital? Which according to the Lagos Business School scholar, the Nigerian government at various levels have neither been empathetic nor understood private capital.
Salami noted that without being able to deal with the issues of price mechanism and private capital investments, the theme around poverty to prosperity in Nigeria will remain yet ephemeral.