Ex­pert urges FG to max­imise ben­e­fits of GDP re­bas­ing

Daily Trust - - NEWS -

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.

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