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GDP: Expert urges  FG to prioritise mechanised agriculture, electricity to boost growth    



An Economic Expert, Dr Uju Ogubunka, has  urged the Federal Government to give more priority to mechanised agriculture and critical infrastructure to accelerate the growth of the nation’s GDP.

Ogubunka, who is a former Executive Secretary of the  Chartered Institute of Bankers of Nigeria (CIBN),gave the advice  in an interview with News Agency of Nigeria in Lagos on Tuesday.

According to him, the Federal Government  must give extra attention to mechanised agriculture if the GDP is to be boosted within the  next quarter.

“ The agric sector has the capacity to improve  the country’s food output, regardless of the health pandemic.

“This is as agriculture is one of  the most reliable means of  generating employment and empowering youths in the hinterland,” he said.

He, however, said that the federal government should sustain its investment in key infrastructure in order  to stimulate growth in the economy.

“ The various electricity projects should be completed at the nick of time so as to accelerate industrialisation of the country.

“All  the railway reconstruction should be intensified to support the non oil sector, “ he said.

Ogbunka  said that  the tiers of government should put in more effort in tackling the security challenges limiting the inflow of Foreign Direct Investment (FDI) into the country.

NAN reports that Nigeria’s Gross Domestic Product (GDP) in 2020, grew by 1.87 per cent (year-on-year) in real terms, representing a drop of 0.23 per cent  points.

This is as compared to Q1 2019 and 0.68 per cent  points decline compared to Q4 2019.

Edited By: Vivian Ihechu and Abdullahi Yusuf (NAN)

Vivian Ihechu: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]

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