Asst News Editor
Business Club Ikeja (BCI) has urged on the National Assembly to quick the passage of the Development Planning and Project Continuity Bill saying that the passage of the bill will help in addressing problems of infrastructure deficit in Nigeria
The call is coming on the heels of World Bank’s estimate that Africa faced infrastructural investment deficit of $93 billion yearly,
Towards this end, the Club urged the three tiers of Government, the Federal, States and Local Governments to make life more meaningful to Nigerians by investment in basic infrastructural facilities which would boost industrial development in the country.
BCI’s President, Mr. Suleiman Tella made the call at the 22nd Annual General Meeting of the Club held in Lagos recently.
He said: “We are worried over the recent World Bank’s estimate that African Government s face infrastructural investment deficit of $93 billion yearly, and therefore call for the quick passage of the Development Planning and Project Continuity Bill presently before NASS.
“The Bill when signed into law, will make it mandatory for every Government in Nigeria to continue the implementation of projects initiated by past administrations
“The Bill when signed into law, will also, make development planning compulsory for all tiers of Government in the country”.
According to Tella, the BCI had presented position papers on how Government should make life meaningful for the citizenly by ensuring that they provide basic infrastructure in all parts of the country.
“The multiplier effects of availability of infrastructural facilities will be enormous as manufacturers in the sector of the economy would have an enabling environment which would aid their developmental efforts , thereby keeping their factories running”, he said
“A lot of jobs will also be created by them for young men and women”, he added
The industrialist noted that the liquidity problems experienced in the economy by BCI’s members, other manufacturers in other sectors and the public in the fourth quarter of 2013, which continued in early 2014 were still prevalent.
“We call on Government to inject more funds into system so that the much needed infrastructural development is given better attention across the federation”, he added.
On the ongoing economic recession, which is affecting entrepreneurs and manufacturers in the country, Tella noted that the activities of the club had been down played for sometime, hence the need to restrategize and reposition it to perform the objectives for which it was set up.
“We are also creating awareness and making enquiries into other West Africa region to bring in business opportunities in those countries so that members would have the opportunity for exploring the areas for business”
“Presently, everybody is now jogging for survival because the business environment is not conducive for operators due to infrastructure decay, harsh operating environment, insecurity, anxiety created by politicians, and the overall cost of running a business, hence there is a need to relax in an atmosphere”, he however said.
Earlier in his presentation, Dr. Lekan Adelakun in his key note address, which had as theme : “ An Overview of Cancer: A stitch in time saves Nine “, ’ said “In the developing world, persistent and worsening cycle of poverty and ignorance, myths, superstitions, misinformation and mostly preventable diseases contribute to the sorrows in an individual’s life”.