Recession: Expert wants FG to focus on inclusive quality growth

5
5

A financial expert, Uche Uwaleke has called on the Federal Government to focus on quality growth that is inclusive for the economy to be completely out of recession. EQT SUPPORT ADV Uwaleke, an Associate Professor and Head of Banking and Finance, Nasarawa State University, Keffi, made the call in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. nike air zoom pegasus 83 hombre He said that government could achieve quality growth by emphasising more on the agricultural sector. Air Jordan 4 Donna He said that emphasis should also be laid on other critical sectors of the economy that would promote economic diversification. “The good news, however, is that the roadmap is already available. “Effective implementation of the Economic Recovery and Growth Plan beginning with the 2017 Budget holds the key,” he said. Wisconsin Badgers Uwaleke commended the government efforts of getting the country out of recession, describing it the news as cheering, which showed progress in the economy. Nike Free 5.0 Dames blauw

“It corroborates the positive developments in the economy namely the relative stability in exchange rate, increased level of capital importation, enhanced Manufacturing Purchasing Managers index, retreating headline inflation and rebound in the stock market,” he said. The don however noted that the journey was still far and more work still needed to be done in the economy. Arizona State Sun Devils He said that a GDP growth rate of 0.55 per cent would not make much impact given a population growth rate of about three per cent per annum. Nike Air Foamposite “Besides, the major driver of the growth which is the oil sector is indicative of the country’s increasing vulnerability to external shocks. “Another cause of worry is that although the agriculture sector grew 3.01 per cent year-on-year, it actually declined when compared with the first quarter of 2017 (3.39 per cent) and the last quarter of 2016 (4.03 per cent). lancel pas cher “Little wonder, the cost of food items have been on the rise in spite of the gradual drop in inflation rate. Adidas D Rose 6 “Therefore, the challenge now is to focus on the quality of growth and ensure that it is inclusive,” he said. Villanova Wildcats Jerseys The National Bureau of Statistics (NBS) on Sept. 5 reported that the country has officially exited recession. The data showed that the country GDP grew by 0.55 per cent year-on-year in real terms in the second quarter of 2017. The report said that the recovery was driven principally by the performance of oil, agriculture, manufacturing and trade sectors.

5 COMMENTS

  1. I’m not sure where you are getting your information, but great topic. I needs to spend some time learning more or understanding more. Thanks for wonderful info I was looking for this info for my mission.

  2. Ive never read anything like this before. So nice to locate somebody with some original thoughts on this topic, really thank you for starting this up. this website is something which is needed on the internet, a person with a little originality. beneficial job for bringing something new towards the world wide web!

  3. Thank you for discussing the idea, I saved this webpage. I’m additionally seeking out details regarding lic new plan, do you know exactly where I can discover something such as that? I will be back very soon!

  4. Sweet blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Thanks

Comments are closed.