The Senate President ,Bukola Saraki, on Thursday stated that one of the primary objectives of the 8th National Assembly was to increase private sector participation in all spheres of the economy in order to make the country viable.
Saraki, according to a statement by his Chief Press Secretary, Sanni Onogu, stated this while welcoming the Board of Directors of the United States Chamber of Commerce and the Africa Business Centre, during a visit to the leaders of the Senate at the National Assembly Complex.
Members of the delegation led by the ABC Co-Chair and Chairman of Dangote Group, Aliko Dangote, included the US Ambassador to Nigeria, Mr. Stuart Symington; Chairman, Zenith Bank Plc, Mr. Jim Ovia; and President, ABC, Mr. Scott Eisner.
The Senate President was joined by the Majority Leader, Senator Ahmad Lawan; Deputy Majority Leader, Bala Ibn Na’Allah, and 13 other senators.
Saraki said the aim of the 8th National Assembly under his leadership was to reduce “government intervention in sectors that are traditionally guided by market forces.”
He stated, “One of our primary goals is to increase the private sector’s participation in the economy by reducing government intervention in sectors that are traditionally guided by market forces.
“This reform will help create more industries, needed for job growth and economic stability. To this end, several of the Senate’s priority economic bills are making their way to final passage in both chambers.”
Saraki added that the National Assembly was open to ideas on how to further the cooperation between Nigeria and the US private sector.
According to him, over the past two years, Nigeria has invested heavily in the agriculture sector as an integral initiative to diversify the economy.
The Senate President said, “Obviously, we have invested too much to change our national strategy. The current challenge is how do we attract investment to grow the industries within the agriculture sector.”
Source: ( Punch Newspaper )