Following the expiration of Millennium Development Goals (MDGs), the Senior Special Assistant to President Muhammadu Buhari on Sustainable Development Goals (SDGs), Mrs. Adejoke Orelope-Adefulire, has listed the role the private sector can play in achieving SDGs in the country.
She spoke at a workshop on private sector engagement on sustainable industrial development that was organised by the Raw Materials Research and Development council (RMRDC) on Wednesday in Lagos.
She stated that achieving the SDGs would require a lot of investments in infrastructure like water, energy, transport, education, health and other critical areas.
The president’s aide said that investing in the future, investing in people, technologies and infrastructure are at the heart of achieving the SDGs, adding that government cannot do it alone.
According to her, the mobilisation of resources and effective use of effective use of domestic resources underscored by the principle of national ownership are critical to achieving the SDGs.
She, therefore, called for improved resource mobilisation by ensuring financial deepening and inclusion and strengthening tax structure, coverage and administration.
Orelope-Adefulire also called for fiscal reforms, encouragement of private-public partnership and deepening of the capital market.
She added that it is imperative to curtail illicit financial outflow and fight corruption in a way to ensure efficient and effective use of resources.
Also speaking at the event, Ms Fatimah Samoura, the coordinator of the United Nations System in Nigeria, said that by placing the means of implementation at the core of the SDGs agenda, the private sector has been thrust into the centre-stage of SDGs implementation process.
She added that progress or lack of it will hinge on private sector intervention and initiatives.
According to her, private sector activities, investment and innovation are major drivers of productivity, inclusive economic growth and job creation.
Also speaking at the event, Mr Remi Ogunmefun, said there is need for the government to lay emphasis on solid minerals as opposed to depending on crude oil.