The Nigerian Economic Society (NES) has insisted that Nigeria as well as other Africa countries requires more than macro stability but sectoral transformation in core growth sectors like agriculture, trade, and energy, to ensure to achieve sustainable growth.
Adeola Adenikinju, President of NES stated this in Abuja press briefing in Abuja on Tuesday. According to him, Africa’s external socio-economic environment remains uncertain amidst lingering global trade tensions and geopolitical shocks.
He stressed that projections of various institutions, suggesting economic growth for Nigeria and the continent still falls short of what is needed to truly improve living standards of citizens, adding that one in every three persons continues to live below the poverty line.