The Chairman of Heirs Holdings, Mr. Tony Elumelu, has said the International Monetary Fund (IMF), should provide alternative to loans from China being collected by Nigeria and others.<\/p>\n
Elumelu was reacting to IMF warning to Nigeria to be weary of China loans.<\/p>\n
Elumelu who was on a private visit to see President Muhammadu Buhari said nature abhors vacuum, hence for the IMF, World Bank and other development partners to provide alternatives that will create jobs.<\/p>\n
When asked his position on the IMF warning, Elumelu said, \u201cMy position is that nature abhors vacuum, if you do not want Nigeria to take China loan, provide the alternative. Like I keep saying, they should also support the development of entrepreneurs, they should look at ways to help us eradicate poverty in a manner that is sustainable. \u201c\u201cFor me, one of the surest ways to eradicate poverty is to ensure that our youths are gainfully employed through entrepreneurship. Also to make sure that development agencies gainfully employed through entrepreneurship. Also to make sure that development agencies \u2013 IMF, World Bank and co help and support Nigeria to improve on her infrastructure, road transportation, access to electricity. These are things that will help us improve on security in Nigeria, these are things that will help us increase prosperity through employment which is the most important thing. \u201cSo, the advise is good but nature abhors vacuum.\u201d<\/p>\n
On his advise to the Buhari administration as it prepares to kickstart the Next Level of governance, Elumelu who congratulated the president on his resounding victory, said it was time to work.<\/p>\n
\u201cOn the economy and the next level, let us just continue in what we are doing, improve on them, increase capacity. \u201cI operate in the power sector, we are the biggest generator of electricity in Nigeria through Transcorp power and I know\u00a0 first hand what efforts government is doing. But we need to do more, we need to convert gas to power, we need to compliment what is going on already in agric space and as you know there is peace and prosperity in that sector but we need to add a little zeal to it to be able to\u00a0 attract investors. \u201cI think the elections are over and we need to move forward as a team, as a country so that our people will be better for it.\u201d<\/p>\n
The Chairman of Heirs Holdings, Mr. Tony Elumelu, has said the International Monetary Fund (IMF), should provide alternative to loans from China being collected by Nigeria and others. Elumelu was…<\/p>\n","protected":false},"author":1,"featured_media":64367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-66189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n