The Vice president of the Republic of South Sudan during the opening of National Economic conference urges policy makers to focus on promoting broad base economic growth to reduce the current heavy dependence on oil.
Doctor James Wani Igga, the Chair of Economic Cluster says developing targeted programme will reduce the current high level of poverty in South Sudan.
“Responding to the challenges that stand from current and continued rapid growth in population and the labour force, promoting broad base economic growth to reduce the current heavy dependence on the oil economy which it’s self is loaded with its own problems.”
Wani Igga adds that the National Economic Conference should address issues that affects improving economy and provide stable economic ambience to create environment for domestic and international business.
“Providing a stable economic ambience that will create an attracted cooperating environment, for domestic and international business and ensure economic stability for the people of South Sudan.”
The vice president congratulates the president of the Republic of South Sudan and the Minister of Finance and planning for organizing the first National Economic Conference to address issues that affects the economy of the Country.
The Special Representative of United Nations Secretary General Nicholas Haysom says South Sudan abandon other resources like the fertile land, large water, wildlife, minerals and depend only on oil.
“First as we already heard today, is the resource dependency South Sudan relay on oil export despite other abundant resources such as the fertile land, large water resources, and wildlife, minerals among others.”
Overdependence on a single commodity makes South Sudan vulnerable in all prices and disruption, UN Special representative stated.”
Haysom adds that the government of South Sudan should fight corruption because it divorce resource from vital sectors such as education and infrastructural development.
“Corruption divorce resources away from vital sectors such as health, education, infrastructural development, it kills the relationship of trust between public and government, and it leads to inequality.”
He urges the government of South Sudan to bring in investors to give job opportunity to the youth of South Sudan.
The officials made their statements during the official opening of the first National Economic Conference on Monday in Juba.