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Only a few people benefit from Nigeria’s growth – Nnadozie

Addis Ababa – Prof. Emmanuel Nnadozie, Director, Economic Department and NEPAD Division, UN Economic Commission for Africa (UNECA), on Monday said despite the current security and economic challenges being faced by Nigeria, it could still be among the biggest economies of the world by 2015.

Nnadozie said in Addis Ababa that if the ongoing security crisis could be well managed, Nigeria would surely move forward and her economy would grow fast.

“Countries have their ups and downs including civil wars, with sound economic policies, you find that their economies re-bound.

“If Nigeria can handle the current security problem very well, her economy will grow and the country will move forward and become one of the strongest in the world,’’ he said.

Nnadozie said one of the ways of improving the nation’s economy was to translate growth into development.

He said as a country with full potentials, which could be utilised to improve the welfare of all Nigerians. “ Nigeria is growing in a respectable way and the last election had portrayed the country in very good light.

“We are happy that a lot of policies are being implemented to improve the welfare of the citizenry,’’ Nnadozie said.

Nnadozie also urged the government to create more jobs for the youths, saying only a few people benefit from the country’s growth.

“There is a need to ensure that the country’s growth benefit all categories of Nigerians. The rate at which young people enter the labour force is higher than the rate at which jobs are being created,’’ he said.

Nnadozie, therefore, urged Nigerians to collectively and individually put in their best to achieve high growth rate, reduce poverty or eliminate it all together and make the country realise its vision of being one of the biggest economies of the world.  (NAN)


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