{
  "id": 14823493,
  "title": "NEPAD tasks FG on sustaining private-sector devt",
  "url": "https://urgent.news/2026/10/16/nepad-tasks-fg-on-sustaining-private-sector-devt",
  "topic": "world",
  "section": "World",
  "published": "2026-10-16T00:09:24.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/nepad-tasks-fg-on-sustaining-private-sector-devt/"
  },
  "original_language": "en",
  "account": "The NEPAD Business Group in Nigeria has called upon the President Bola Tinubu-led administration to continue its efforts in fostering private-sector growth throughout the nation. In a recent statement, the group's Chairman, Bashorun J. K. Randle, emphasized the importance of private-sector development for Nigeria's competitiveness in the global market.\n\nRandle stressed the necessity of policies that would attract private investment, bolster local businesses, and create a conducive environment for enterprises to flourish. He stated, \"A stronger private sector could contribute to economic growth through job creation, increased productivity, industrialization, and the development of local industries.\"\n\nThe group believes that effective collaboration between the public and private sectors is crucial for mobilizing investment, enhancing productivity, and promoting innovation across key sectors of the economy. Nigeria's Foreign Exchange demand reached $18.34 billion as services surged, while President Tinubu ordered security chiefs to rescue abductees and clear bandit camps.\n\nThe NEPG also paid tribute to the late Bamanga Tukur, who played a pioneering role in private-sector development in Nigeria. Randle noted, \"His life was defined by service, vision, and dedication to national advancement. In his capacity as Executive President, Grand Patron, and President Emeritus of the African Business Roundtable, ABR, he was instrumental in conceptualising the organization.\"\n\nTukur's belief that the African private sector must be at the forefront of wealth creation, employment generation, investment promotion, and sustainable development remains as relevant today as when the NBGN was established, according to the Chairman.",
  "summary": "The NEPAD Business Group Nigeria has urged the President Bola Tinubu-led administration to sustain efforts to promote private-sector development in Nigeria Read More: https://punchng.com/nepad-tasks-fg-on-sustaining-private-sector-devt/",
  "key_points": [
    "NEPAD Business Group urges Nigeria's administration to sustain private-sector growth.",
    "Chairman Bashorun J. K. Randle highlights policies to attract investment and boost local businesses.",
    "Group praises late Bamanga Tukur's pioneering role in private-sector development."
  ],
  "editors_take": "Prioritizing private-sector growth through targeted policy and public-private collaboration offers Nigeria a pathway to enhance global competitiveness, drive industrialization, and stabilize the economy through increased local productivity.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}