The Managing Director, Excel Professional Services Limited, Dr. Oladimeju Alo, has lauded Federal Government’s 2020 economic policies and plans saying they hold great prospect for growing the economy, promoting job creation and reducing poverty just as he identified dependent for its forex income on sale of crude oil as a major challenge in realizing her policy thrusts.
He made the disclosure while speaking Wednesday on “The Nigerian Economy 2020 Issues, Challenges and Prospects for the Insurance Industry,” at the 2020 Business Outlook seminar of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos.
According to him, “Many of the economic policies and plans for 2020 hold great prospect for growing the economy, promoting job creation and reducing poverty…the challenge of implementing these policies and plans has always revolved around the structure of the economy, which is largely dependent for its forex income on the production and sale of crude oil.”
Another major challenge, he said, remains the capacity of government to follow-through with its policies, pronouncements and initiatives.
