‘Some government policies hindering wealth creation, investment’

FDI

 By Victor Ifeanyi Uzoho

The senator representing Ogun West Senatorial District, Joseph Gbolahan Dada, has said that some government polices had become barriers to wealth creation and investment in the nation, thus leading to poor economic growth.
The lawmaker disclosed this at the 2018 Outsourcing Expo, organised by the Association of Outsourcing Professionals of Nigeria (AOPN) held recently in Lagos titled Outsourcing: Redefining the workspace.
Dada reiterated that weak policies, alongside inadequate enablers were impeding economic growth and could be cut short through outsourcing which was capable of reducing costs of operations, increasing revenue collections and growing the nation’s economy.
His words: “Most of the policies of the government are anti-investment and it saddens my heart. This was what pushed me into politics. Most people see me as a rebel, but I am not. I only wish to see Nigeria become better and stronger.
“Nigeria has a large population made up of brilliant minds and talents that could be used for the nation’s advantage. Unfortunately, most of them have left the country in search of greener pastures.
“Instead of the brain drain Nigeria is suffering, we would have outsourced our brilliant minds to other countries, made a lot of wealth and investment from that, and create more jobs for the increasing population.”
He reiterated the need for government to review existing policies and form new business-friendly policies, restating that wealth creation could only be achieved through the development of the right policies that would support outsourcing to form platforms for the creation of more jobs and investments.
Dada maintained that the brain drain suffered by Nigeria would have created wealth if only the government had good policies in place which supports outsourcing.
In his presentation, the Managing Director, Kairos Business Services Limited, Babatunde Fajimi, maintained that outsourcing was an investment that generated financial results, stating that from a recent survey conducted by him, 90 per cent of firms saw outsourcing to be vital to their growth.
He noted that outsourcing was proved to be transformative by professionals, adding that the risks involved in the process had to be efficiently managed.
Also, the Executive Chairman, GMC Logistics Limited, Sonny Allison, noted that outsourcing had a lot of benefits which one of them was job creation, disregarding the general notion of outsourcing increasing unemployment and workplace stress as false.
He maintained that outsourcing has helped to increase workplace efficiency and has created jobs through the establishment of outsourcing firms.