Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Niger State death toll from devastating flood rises to 60

President Trump to revoke visas of nearly 300k Chinese students

How native doctor declared wanted in Enugu for multiple murder was nabbed on a bike in Lagos

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»Presidential Aspirant Jack-Rich calls for indigenous capacity development in 2023 to mitigate economic mishap
Breaking News

Presidential Aspirant Jack-Rich calls for indigenous capacity development in 2023 to mitigate economic mishap

DailyblastBy DailyblastJune 19, 2022002 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

Mr Tein Jack-Rich, one of the All Progressives Congress (APC) presidential aspirants in the just concluded National Convention of the party, has called for urgent action to forestall economic crisis as 2022 winds down.

Jack-Rich, who said 2023 would be a tough year if some urgent steps were not taken on economic development, wants those in positions of authority to brace up for the coming challenges.

Related posts:

  1. Presidential aspirant, Jack-Rich insists economic engagement of youths, key to tackling insecurity
  2. 2023:  I will bring Nigeria to her old days of greatness, says Jack-Rich APC presidential aspirant
  3. Presidential aspirant Jack-Rich conferred with Ebubedike title in Ohafia, Abia State
  4. Your vote will decide future of over 240 million Nigerians, presidential aspirant Jack-Rich reminds delegates

”Truly, next year will be tougher, economy wise, due to concerns of global supply chain disruptions, persistent COVID-19 lockdowns that will impact production channels, euro zone geopolitical crisis and more.

”These challenges will expose the vulnerability of the economy in 2023 to issues such as higher inflation, economic tension, massive unemployment, increased social unrest and turbulence in currency management.

”There will also be inconsistencies in market growth forecasts, GDP contraction, foreign reserve depletion and much more.

The oil mogul, however, said there could be solutions if Nigeria would take advantage of ”the low hanging fruits”.

According to him, the low hanging fruits are strategic solutions that include promoting massive employment windows, activating microeconomic components and opening up new economic pipelines.

He also listed the establishment of hotspots, driven by organic and competitive private sector growth, which he said would increase productivity across the economy.

Jack-Rich noted that this model would in turn reduce capital flight and realise balance of trade, as well as stabilise consumer prices.

”Mitigants should be activated to avoid being found on the brink.

”Any policy misstep next year will plunge the economy into depression.

”I am concerned that 2023 leadership must understand these issues and keep their eyes on changing economic numbers, and how these indices will affect emerging economies with high import dependency like Africa,” Jack-Rich said.

The philanthropist therefore, called for consideration of these recommendations and other immediate actions that would steer the economy away from possible crisis.

Post Views: 169
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleEnugu State APGA guber candidate, Frank Nweke celebrates fathers on Father’s Day
Next Article BREAKING: Hoodlums attack Tinubu’s convoy in Lagos, two injured (video)
Dailyblast

Related Posts

Oluwatobi Oyinlola sets world record with development of world’s smallest GPS tracker prototype at Massachusetts Institute

May 30, 2025

Legendary writer Ngugi wa Thiong’o dies at 87

May 29, 2025

EFCC arraigns Benin socialite, Kelly Okungbowa for Naira abuse

May 27, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Niger State death toll from devastating flood rises to 60 May 30, 2025
  • President Trump to revoke visas of nearly 300k Chinese students May 30, 2025
  • How native doctor declared wanted in Enugu for multiple murder was nabbed on a bike in Lagos May 30, 2025
  • Nnamdi Azikiwe lecturer increase class attendance by pictures May 30, 2025
  • WAEC under fire as exam chaos sparks outrage May 30, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,213 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,079 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025602 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,213 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,079 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025602 Views
Our Picks

Niger State death toll from devastating flood rises to 60

President Trump to revoke visas of nearly 300k Chinese students

How native doctor declared wanted in Enugu for multiple murder was nabbed on a bike in Lagos

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.