The Institute of Chartered Secretaries and Administrators of Nigeria said the populace will begin to feel the impact of the federal government’s different sectoral reforms to boost and revamp the economy in 2025.

The ICSAN President, Funmi Ekundayo, made the assertion at the institute’s media parley on Thursday in Lagos.

Ms Ekundayo stated that the different sectoral reforms that required gestational periods would begin to gain a lot of traction in 2025.

She urged citizens to continue to be resilient for a positive horizon and a more prosperous Nigeria where the different reforms would have taken shape.

“Government has been doing a whole lot with regards to reforms but the room that is largest in this world is the room for improvement. We must improve the narrative as regards the country’s macroeconomic indicators and the government must address inflation figures and continue with the right reforms in place to stabilise the economy.

“In a bid to diversify away from oil exports, the government must do better in the area of mechanised agriculture and provide the necessary support, such as power and other essential infrastructure for micro, small and medium enterprises and manufacturing. We must develop the country’s human capital, spur innovation and ensure productivity is on the high side to create new economic growth opportunities,” she said.

The ICSAN president also urged the government to address the cost of governance, ensuring it’s at the barest minimum, to encourage the citizens to make the sacrifices required of them.

She added that the government must expend more efforts to encourage digitalisation while engendering policy sustainability.

“There is no environment with higher yields than Nigeria, but policy summersaults have been observed to affect investors’ interests. If we have a sustainable policy regime, investors will troop in and the economy will flourish better,” she said.

Addressing the new minimum wage increment, Ms Ekundayo said the development was expected to significantly improve the purchasing power of Nigerians, particularly civil servants.

She noted that while the increment would help improve quality of life, standard of living, boost economic growth and increase productivity, it had the potential to inflate the economy.

Speaking on the institute’s achievements in the last year, the ICSAN president said the institute had been able to record some remarkable milestones, forging partnerships with various stakeholders.

She added that ICSAN had increased its penetration into the public sector to further entrench good public governance in the sector.

“We also unveiled our master’s in governance programme, signed several Memorandums of Understanding, got over 300 new members, collaborated with several state governments and began our penetration in the northern part of the country,” she said.

Ms Ekundayo noted that the institute’s old secretariat had been demolished, contracts signed off and work would soon begin.

She called for support in achieving the projected ICSAN tower, while the institute continued to partner with relevant stakeholders, provide value to members and make its contributions to national development.

She lauded the media for its worthy partnership in propagating the ethos of good corporate governance and pledged that the relationship would be deepened in the coming years. 

(NAN)