The Truck Transit Park Restricted has known as on the federal government to streamline regulatory processes and cut back bureaucratic bottlenecks to make the nation enticing to buyers.
The Managing Director of TTP, Mr Jama Onwubuariri, acknowledged this in a current interview with the PUNCH in Lagos.
“Streamlining regulatory processes, decreasing bureaucratic bottlenecks, and bettering the convenience of doing enterprise are essential for attracting funding and fostering entrepreneurship,” he stated.
He additionally urged the federal government to intervene in several sectors of the economic system to spur progress.
TTP, a know-how firm, which specialises in mobility options, was established in 2017 by the Nigerian Ports Authority to revolutionise the maritime and logistics sector in Nigeria by means of truck mobility options powered by know-how.
“The potential of Nigeria’s economic system is huge, however to totally realise this potential requires concerted efforts and strategic interventions throughout varied sectors.
“Whereas progress has been made in sure areas, there’s nonetheless a lot room for enchancment,” Onwubuariri added.
He reiterated the necessity for the federal government to spend money on vital infrastructures like roads and transportation networks, ports, power, and telecommunication entry, noting that these had been important for unlocking financial progress and attracting funding.
He added that by way of diversification, Nigeria’s economic system remained closely reliant on oil income, making it weak to fluctuations in world oil costs.
“Diversifying into sectors reminiscent of agriculture, manufacturing, and know-how can create new alternatives and cut back reliance on oil,” he asserted.
The TTP boss stated that investing in training, healthcare, and abilities growth was important for constructing a workforce that would drive innovation and productiveness throughout sectors.
“Public-private partnership is one other space that may be additional improved. Collaborations between the private and non-private sectors, the place capital restoration is assured, can speed up infrastructure growth; enhance service supply, and foster innovation.
“As a know-how firm working within the transportation sector, we recognise the significance of leveraging know-how and innovation to drive effectivity and competitiveness. By embracing digital options, investing in human capital, and fostering a conducive enterprise atmosphere by means of efficient regulation, we consider Nigeria can unlock its full financial potential and obtain sustainable progress,” Onwubuariri enunciated.
