Nigerian economy: Freeing funds for development | Business Futures | Scoop.it

Today’s reality for Nigeria is a fortified adoption of Public Private Partnerships (PPP), Information and Communication Technology (ICT) tools, and accelerated human capital development to leapfrog for advancement without predisposition. Government is the biggest employer of labour in the country and the burden on recurrent expenditure is becoming too worrisome; so it is essential for the federal government to urgently re-organise some agencies such as Nigeria Postal Service (NIPOST), Corporate Affairs Commission (CAC), National Sports Commission, and Nigeria Television Authority (NTA) to operate as self-sustaining parastatals to further reduce federal recurrent expenditure. Billions of naira could be garnered from these agencies to embark on large scale human and infrastructure development.