Comments on: Presidency outlines strategy to revive ailing economy https://thecitizenng.com/presidency-outlines-strategy-to-revive-ailing-economy/ Nigeria's leading online newspaper Wed, 30 Mar 2016 14:09:00 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: TA https://thecitizenng.com/presidency-outlines-strategy-to-revive-ailing-economy/#comment-609 Wed, 30 Mar 2016 14:09:00 +0000 http://thecitizenng.com/?p=76555#comment-609 There’s a reason why big problems are broken down into smaller chunks before attempting to solve them.

If the federal government believes that it can run this “economic diversification” program in its usual centralized/from the top manner a lot of the loans and investments would be pilfered away and have little economic impact.

One approach would be for the federal government to have oversight powers and to let the state/local governments and private sector and banks drive the investment. Auditors and accountants should be involved at every level to ensure transparency and documentation of every disbursement, including registered companies and individual beneficiaries of any government loans and investments.

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