The Lift Above Poverty Organisation (LAPO) Microfinance Bank on Friday recommended 1-point strategy the implementation of which it sees as critical as to boosting the nation’s economic performance and by implication, assure broad-based sustainable national development.
The 11-point strategy derived from the discussions and the communiqué issued at the end of the 25th Annual LAPO Development Forum held in Lagos.
LAPO’s Manager, Advocacy and Communications, Mr James-Wisdom Abhulimen, who announced the strategies as the fallout of the decisions reached at the forum with the theme ‘Towards Sustainable Socio-Economic Transformation of Nigeria: Options for Non-State Intervention’ said that participants believed that implementing the strategies was pivotal to moving the country forward.
Specifically, the participants urged the private sector to be vibrant in the promotion of human rights, democracy and good governance while also tasking Non-State Actors (NSAs) to be active in the fight against corruption which had remained the bane of Nigeria’s development over the years.
In addition, the forum recommended that business leaders, scholars, organised labour, and civil society organisations should also participate actively in the country’s socio-economic transformation.
The participants also charged the governments to create social safety nets, enabling environment for peace, security and stability, as it canvassed the formulation of National Vision and Agenda 2040 to end poverty, engender progress, unity and greatness.
Apart from urging the government to create a conducive environment for the private sector to thrive and enable it to contribute more to national development, the participants in the communiqué also advised that government at all levels to change their ill perception on NSAs and see them as partners in progress.
Similarly, they appealed to NSAs and Civil Society Organisations (CSOs) to make conscious efforts to correct issues affecting their credibility and acceptability as partners in development, including weak institutional capacity, lack of internal democracy, non-collaboration among themselves and limited transparency and accountability in their operations.
The participants also canvassed the need for the NSAs and CSOs to forge alliances and common fronts to attract better funding to implement development activities.
The communiqué stated further: “Non-state security actors should complement the formal security agencies toward addressing the current challenging security situation in the country.
“They should, however, be well trained and regulated so that they operate within the ambits of the law.
“The private sector should key into the Global Compact, launched by the United Nations Secretary-General that challenges individuals, corporations and business associations to support the nine principles which relate to human rights, labour, environment and anti-corruption,’’ it added.