22 points to avert economic recession in Africa

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President Muhammadu Buhari of Nigeria (Middle) and other African Heads of State.
President Muhammadu Buhari of Nigeria (Middle) and other African Heads of State.

(NAN) Chief Coordinator of Invest in Africa World Summit and Expo, Mr Angelo Elosia on Monday says the expo will soon present a 22-point recommendations of 2016 edition of the expo to Africa leaders.

Elosia disclosed this while speaking with the News Agency of Nigeria (NAN) in Abuja.

According to him, the recommendations of the group will assist the leaders to prevent outright economic recessions in their various countries.

He said the summit provided and showcased innovations and platforms for networking, generation of opportunities and partnership.

Elosia, however, expressed optimism that the report was capable of leap-frogging Nigeria from its present recession if implemented.

“I believe Nigeria will come out of recession but it will depend on our approach both at government level and from private sector.

“The most important thing is to dedicate ourselves to work to overcome the challenges.

“We have to look at our policies closely and march our projection with income,” he said.

He further said the projection for 2016 budget in the country did not come to fruition because of some negative variables which were highlighted in the expo’s recommendations.

Elosia, however, said the organisation would organise World Investment Summit and Expo in December to bring government and investors together.

He said that the summit would bring into focus the aspirations in rural and urban areas with opportunities for rural dwellers to grab.

“The one we just had (Africa World Summit and Expo) focused on Africa but this one will focus on different continents so we are going to have European day, Africa da y as well.

“The event will showcase major investment opportunities in Private Public Partnership and infrastructure projects from countries worldwide.

“It will be a platform to meet government leaders, stakeholders and major international investors,’’ he said. (NAN)

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