New GDP: FG to sup­port agric, man­u­fac­tur­ing

Daily Trust - - NEWS - By Olayemi R. Ibrahim

The federal govern­ment has said it will sup­port agri­cul­ture, man­u­fac­tur­ing and elec­tronic and elec­tri­cal sec­tors for more growth and de­vel­op­ment.

Co-or­di­nat­ing Min­is­ter of the Econ­omy and Min­is­ter of Fi­nance, Ngozi Okonjo-Iweala, made this known on Sun­day dur­ing the pre­sen­ta­tion of the pre­lim­i­nary re­sult of the re­based nom­i­nal GDP es­ti­mate.

She said the econ­omy is more di­ver­si­fied, adding that though oil share has gone down but it is still an im­por­tant in­dex.

The fi­nance min­is­ter added that the di­rec­tion the coun­try is go­ing is to continues with the sup­port for agri­cul­ture (con­tribut­ing 19.82 per­cent which is N14,709,104.92 bil­lion) to the eco­nomic growth.

“We are also sup­port­ing man­u­fac­tur­ing be­cause there is a lot we can do. Elec­tri­cal and elec­tronic, too, so that we can as­sem­ble our­selves since we are ma­jor con­sumer. Ba­sic metal and iron and steel, paper and paper prod­ucts be­cause we are so low in these ar­eas. We also need to pay more at­ten­tion to phar­ma­ceu­ti­cals,”

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