A number of the programmes and initiatives of this Sub-Plan are aimed at facilitating the
development of the private sector. The expectation is that, the private sector will be able to
develop fast enough to aid the process of developing a regional competitive advantage in the
area of ICT exploitation and production through the development of a competitive ICT industry
and service sector. This process, it is envisaged will boast the economy, generate quality jobs
and assist in the process of wealth creation and national prosperity.
The Risk Factors
The risk factor as per the implementation of the programmes and initiatives of this Sub-Plan
arises in the situation where the expected boast in the economy did not materialize despite the
efforts and resources targeted at facilitating the development of the private sector. For example,
some of the initiatives like those aimed at facilitating the private sector through special tax
policy instruments, incentive packages, and budgetary provisions do have high risk factors (in
the case of a non-performing economy) measured in terms of the actual cost (‘revenue-forgone’)
and opportunity cost of these programmes and initiatives.
It is also anticipated that apart from boasting the economy, facilitating the development of the
private sector will also generate additional demand for quality manpower in the medium and
long term. This additional manpower requirement of a fast growing private sector is expected to
be met by the implementation of the Human Resource Development Sub-Plan. There is
therefore that risk element, (measured in terms of the resources devoted to human resource
development) in the event that the private sector failed to generate enough economic activity
and by so doing failed to create quality jobs.
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