Minister wants public investment as private sector complement

  • Manuel Nunes Júnior, Ministro de Estado para Coordenação Económica
Lubango - The Minister of State for Economic Coordination, Manuel Nunes Júnior, Saturday noted the need for public investment to complement private sector action to contribute to the country's development.

The State minister, who was speaking at the 2nd Forum of Livestock Cooperatives in Angola, said that a real strategic complementary relationship should be established between the public and private sectors.

According to the government official, the driving force of the country's economy should be ensured by the activity of businesspeople and not the State, from agriculture, livestock, agri-industry, manufacturing, construction, tourism and other important sectors for the productive life of Angola.

"Although public investment is important, it cannot be the only way for the country to grow, and there is a need to change that state of affairs, in order to make the private sector a real engine for the country's economic growth," he said.

In his understanding, increasing national production is an important and strategic imperative for the country's development, which will continue to be done, until increasingly significant results are achieved in changing the current economic structure.

The State minister, who was speaking at the 2nd Forum of Livestock Cooperatives in Angola, said that a real strategic complementary relationship should be established between the public and private sectors.

According to the government official, the driving force of the country's economy should be ensured by the activity of businesspeople and not the State, from agriculture, livestock, agri-industry, manufacturing, construction, tourism and other important sectors for the productive life of Angola.

"Although public investment is important, it cannot be the only way for the country to grow, and there is a need to change that state of affairs, in order to make the private sector a real engine for the country's economic growth," he said.

In his understanding, increasing national production is an important and strategic imperative for the country's development, which will continue to be done, until increasingly significant results are achieved in changing the current economic structure.