Experts task incoming administration on borrowing, manufacturing sector

The incoming administration has been urged to review borrowing policy and debt management, stating that existing loans’ burden gives concern.  
   
This was the position of participants at a one-day summit, organised by Triune Foundation, with the theme, A New Nigeria Leadership Imperatives for Radical Growth and Transformation, in Lagos, at the weekend.
 
In a communiqué signed by founder of the foundation, Pastor Jeremiah Akinsele, the summit observed that statistics of abandoned projects nationwide were disturbing, hence the need for evaluation, project planning and implementation to check wastage.
 

Akinsele said: “The incoming administration should address endemic corruption headlong. Pervasive corruption undermines the best of intention and, therefore, must be tackled with sincerity and commitment.”

There’s need for strengthening of anti-corruption policies to address systemic abuses in financial institutions, public and private sectors.
 

Akinsele continued: “The summit recommends better performance from public servants through adherence to ethics and best practices.

“It also proposes review of reward system to address neglect and frustration that often trigger institutional corruption.”