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Economist tasks FG on policies in manufacturing to grow GDP

An economist, Prof. Sheriffdeen Tella, has urged the Federal Government to pursue policies that would drive manufacturing and construction sectors to sustain the country’s Gross Domestic Product (GDP) growth.

Tella, Professor of Economics, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, stated this in an interview, while reacting to third quarter GDP figure released by National Bureau of Statistics (NBS).

He said that government should pursue policies that promote growth in the secondary sector, mainly manufacturing and construction.

Tella said that these sectors would boost economic diversification and take care of unemployment rate.

“It is good news that the GDP has continued to be positive even though it is driven more by the primary sector of the economy, particularly the oil and gas sub-sector and mining.

“These sub-sectors will bring money but not substantial employment that we need now.

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