Expert urges FG to maximise benefits of GDP rebasing

A finance expert, Mr Johnson Chukwu, yesterday, urged the Federal Government to utilise the opportunity of the country’s rebased Gross Domestic Products (GDP) to attract new investors.

Chukwu, the Chief Executive Officer of Cowery Asset Management Company, told the News Agency of Nigeria (NAN) in Lagos that more investment would be needed, especially in the real sector, to make the exercise meaningful to more Nigerians.

Chukwu said the country’s new prestigious economic status equally compelled it to seek more investments to sustain the growth.

“It will be a win-win situation for both parties as the country is one of the quickest places for returns on investment while the governments will benefits through taxes and the creation of employment opportunities for young Nigerians,” he said.

Chukwu said that in the long run, the new status would lead to the much needed economic inclusiveness desired by the people.