On Leadership: The Executive should immediately put in place
leadership-level engagement platform with the private sector. This must be one
that is pro-business and shows unequivocally that government is ready to
partner with the private sector towards economic revival.
On Assets: The Executive should raise capital from asset
sales and other sources to shore up foreign reserves. This will calm investors,
discourage currency speculation and stabilize the economy.
On Pension Funds: The Executive should consider tweaking the
pension funds policy within international best practice safeguards to to
accommodate investment in infrastructure and mortgages.
On Monetary Policy: The Executive and CBN will have to agree
on a policy of monetary easing to stimulate the economy we must ensure local
government borrowing does not crowd out credit for the private sector.
On Export Incentives: The Executive must retool its export
promotion policy scheme with export incentives such as the resumption of the
Export Expansion Grant (EEG); and introduce export-financing initiatives.
On the Niger-Delta Avengers: The Executive is urged to
engage in meaningful dialogue with those aggrieved in the Niger Delta and avoid
an escalation of the conflict in the region. The National Assembly is very
ready to play any role in the process and offer ideas on approaches that will
deliver quick win-win in order to move the region and the economy forward.
On Release of Funds: “The Executive must as a deliberate
response consider immediate release of funds to ensure the implementation of
the budget for the near short term to inject money into the economy.
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