WEDNESDAY, 20th October, 2021: The Institute of Directors, Nigeria has stated that sustained broad-based economic growth and poverty reduction are critical to economic stability.
The President and Chairman of Council, IoD Nigeria, Dr. Ije Jidenma who stated this at the institute's annual fellows' investiture added that the economic potential of the nation was constrained by many structural issues.
She said, "The outbreak of the COVID-19 has posed great challenges to the Nigerian economy and has had far-reaching consequences beyond the spread of the disease.
“Added to this is the fact Nigeria’s economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity.”
Jidenma added that IoD Nigeria would continue to demonstrate greater concern and commitment to work with all stakeholders to engender a business-friendly environment.
She said “I, therefore, expect that fellows of the institute will lead the way in our advocacy train, by being the ambassadors of the institute in all their professional endeavours.
The institute further promised to partner business and thought leaders to push forward innovative ideas for the collective benefits of the people.