Nigerian Economic Summit Group laments increasing hunger among Nigerians


THE Nigerian Economic Summit Group, NESG, has lamented the increasing hunger among the Nigerian populace despite the budgetary allocations and huge sums of money disbursed by the Central Bank of Nigeria (CBN) through the Anchor Borrowers’ Programme.

In a statement released on Tuesday entitled “Matters of Urgent Attention“, the NESG noted that since the inception of this administration, agriculture and the need to ensure zero hunger for Nigerians has received considerable attention and that “a huge gap remains in meeting the food requirements”.

“Evidently, the issues are beyond money and therefore, require a complete overhaul of the management of, and support for the agriculture sector and all related sectors – with a view to getting more value for our investments,” it said.

The NESG also expressed its concern about the high level of insecurity across the country and its impact on the business environment and investment flows, which has contributed massively to the current food crisis, unemployment, poverty, increasing community clashes, rising bloodshed and the absence of peace and tranquillity in the land.

“Therefore, we again join the call by all well-meaning Nigerians, for the government to critically re-evaluate our security architecture and take all necessary actions to assure and safeguard the safety of all Nigerian citizens and residents,” it said.

On the recently enacted Companies and Allied Matters Act (CAMA) 2020, the NESG acknowledged the expected far-reaching positive impact on businesses, especially the Micro, Small and Medium Enterprises, MSMEs, if well implemented.

“However, we have noted the issues being raised by some stakeholders about the provisions of certain sections of the Act, and urge all concerned to follow due process in seeking review and then be given fair hearing such that the many proactive provisions in the law that would facilitate the ease of doing business, provide efficient corporate structures and a stable/certain business climate are not drowned out but are well communicated, optimised and implemented,” it added.

– Sept. 8, 2020 @13:45 GMT |


Click Banner for Details