Nigeria's Udoma Wants to Empower Private Sector

The video discusses Nigeria's growth plan targeting 7% growth by 2020, budget strategies, and the importance of passing the budget promptly. It highlights the goal of having the naira's exchange rate determined by market forces. The government aims to diversify growth sources by empowering the private sector and investing in infrastructure. Plans for stabilizing the power sector and seeking additional funding are also mentioned. The video concludes with discussions on privatization and asset management, emphasizing the need for strategic timing based on market conditions.

What is the target growth rate for Nigeria by 2020?

• 5%

• 7%

• 8%

• 6%

Why is it important for the naira's exchange rate to be determined by market forces?

• To stabilize inflation

• To increase government control

• To reflect true economic conditions

• To reduce foreign investment

What is a key focus of Nigeria's economic diversification plan?

• Reducing taxes

• Empowering the private sector

• Increasing oil production

• Expanding the public sector

What is the government's plan for the power sector?

• Stabilization over 3 to 5 years

• Immediate privatization

• Reduction of investment

• Complete government control

What factor is crucial for the timing of asset privatization?

• Oil prices

• Inflation rates

• Political stability

• Public opinion