Government must know the difference between policies and promises—Rewane

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A renowned economist, Mr. Bismarck Rewane, has said that for the government to put the economy on the right track, it must understand the internal problems facing the country by knowing the difference between policies and promises.

Mr Rewane had this to say at an economic forum organized by his firm, Financial Derivative Company Limited (FDC) under the topic Corporate resilience: economic recovery in the face of unforeseen pandemics.

The event was designed to spark discussions about the need for organizations to prepare for future pandemics and the need for equitable economic recovery plans.

The forum, which took place in Lagos on December 5, attracted key stakeholders from the telecom, FMCG, agriculture and infrastructure sectors.

Delivering the keynote address, Mr. Rewane said: “We believe that corporate resilience is an integral part of building corporate strategies, and organizations should draw on key learnings from the pandemic to form the basis of their strategic decisions.” .

Speaking further, he noted that to drive an equitable recovery, “government must understand the difference between policies and promises so that more credible policies can be developed and driven by credible leadership.”

“Once we better understand the internal problems we are facing, we will see that our recovery as a nation will be much more dynamic than that of many other countries, and I am optimistic that things will change for the better,” he added.

Also speaking, MTN Nigeria’s General Manager of Strategy and Innovation, Mr. Babalola Oyeleye, revealed that digital transformation provides an opportunity to build corporate resilience and deliver rapid economic recovery.

“We are seeing the advent of new technologies taking center stage. To build resilience that stands up to any challenge, organizations must digitally transform internally.

“One lesson that the COVID pandemic has taught us is that it is possible to be productive, effective and even more efficient even when work is done remotely from different locations.

“So incorporating new technologies within our work environment would build more resilience and provide a great opportunity for recovery,” he presented.

trade publication reports that the forum provided an opportunity for organizations, including MSMEs, to engage in discussions and discuss possible ways to build resilience against future pandemics.

The dialogue also offered recommendations that can allow the economic recovery to be more equitable and fair in all spectrums of an organization.

Other personalities present on the show included Flourmills of Nigeria Plc GMD/CEO Omoboyede Olusanya; Main One CEO Funke Opeke; and Babban Gona CEO Kola Masha, among others, with panel discussions moderated by Sankore Investments founder and chief investment officer, Titi Odunfa Aseoye.

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