Melvin Onwubuke
In order to make the country attractive to investors, the Truck Transit Park Limited has called on the government to streamline the regulatory process and reduce the bureaucratic bottlenecks.
This was stated recently by Mr Jama Onwubuariri, the Managing Director of TTP in an interview, according to The Punch.
He said “Streamlining regulatory processes, reducing bureaucratic bottlenecks, and improving the ease of doing business are crucial for attracting investment and fostering entrepreneurship.”
He also called on the government to take action various sectors of the economy to stimulate growth.
Onwubuariri added “The potential of Nigeria’s economy is vast, but to fully realise this potential requires concerted efforts and strategic interventions across various sectors.
“While progress has been made in certain areas, there is still much room for improvement.
TTP, a technology company, which specialises in mobility solutions, was established in 2017 by the Nigerian Ports Authority to revolutionise the maritime and logistics sector in Nigeria through truck mobility solutions powered by technology.
In order to unlock economic growth and attract investment, he underlined the need for the government to invest in critical infrastructure such as roads, transport networks, ports, energy and telecommunications.
He pointed out “Diversifying into sectors such as agriculture, manufacturing, and technology can create new opportunities and reduce reliance on oil.”
He went on to say that, as far as diversification is concerned, Nigeria’s economy remains highly dependent on oil revenues and may be at risk of fluctuations in world oil prices.
