The Chartered Institute of Bankers of Nigeria (CIBN), has urged President Muhammadu Buhari to properly execute economic policies that would uplift the masses from poverty, as he plans to sign into law, the 2020 Budget.
Dr Uche Olowu, the CIBN Chairman, gave the advice on the sideline of an evening of songs, organised by the Institute, on Monday in Lagos.
According to him, we expect a renewal of things to happen in 2020.
“The point is that, the economy is recovering and we are prepared to jump start the economy because the budget could be signed into law, by His grace, before the end of 2019 for us to start a fresh.
” Also, we have to execute properly the economic policies in a way that it will uplift the masses from pains and suffering.
“We have seen that more credit is channelled to manufacturing and retail sector.
” Let us intervene more in food and agriculture and see to it that the food inflation comes down,” he said.
Also, the Chief Executive Officer of Nigerian Economic Summit Group (NESG), Mr Laoye Jaiyeola, urged Nigerians to be optimistic that the new year would be better.
According to him, 2020 may be tough, but we have all it takes to make it.
“I have always asked people, to the extent that we have children in this country, to the extent that we have life, we need to be optimistic.
” That we are alive and we have all the opportunity and all it takes to contribute individually to the growth of the nation, is why we should be hopeful,” he said.
The CEO, therefore, urged Nigerians to always think of what to do to help better the country.
He said: ” this is the question I ask myself, that beyond what the government is doing or saying, what am i doing to ensure that i don’t leave this place worst.
“This is also the question i feel Nigerians should ask themselves.
” That is why, we in NESG, we have resolved and determined, not only to engage and dialogue, but to do whatever we can within our reach, to support the government,”Jaiyeola said.
The President may today sign the 2020 Appropriation Bill into law following the passage by both chambers of National Assembly.
Buhari had on October 8, 2019 presented a budget proposal of N10.33 trillion tagged “Budget of Sustaining Growth and Job Creation” for the Federal Government at the Joint Session of the National Assembly in Abuja.