Weak Institutions Hindering Nigeria’s Economic Growth.

Weak Institutions have been blamed for the slow growth of Nigeria's Economy.

Weak Institutions have been blamed for the slow growth of Nigeria’s Economy. The Chief  Executive Officer of the Financial Derivatives company ltd , Mr. Bismarck Rewane made this declaration while emphasizing the importance of building strong financial institutions if the Nigerian economy must grow.

Mr. Rewane who was the keynote speaker at the 2019 Time Management and productivity/Nigeria’s Employee of the year Award Summit in Lagos spoke on the theme ‘ Charting  Nigeria’s Path to Growth’. He listed three variables  needed for sustainable economic growth to include, good leadership, sound policies and strong institutions which is the most critical.

He added that the presence of the three variables guarantees our quality well-being but when quality leadership and sound policies and strong institutions are missing, the economy will crumble.

Rewane added that GDP growth can be achieved if our weak infrastructuress like the power sector is fixed.He also called on the corporate and political leaders to install sound policies.

Leave a Reply

Your email address will not be published. Required fields are marked *