Nigeria Needs 9% Growth to Cut Poverty, Create Jobs – Soludo

The governor of Anambra state, Professor Chukwuma Soludo, has said Nigeria needs to grow its economy by at least nine per cent annually to significantly reduce poverty and create jobs, warning that the current growth rate of about four per cent is inadequate to deliver meaningful improvements in living standards.
Soludo speaking at the Nigerian Economic Summit 32 (NES32), with the theme, “Growth that Works: Delivering Jobs, Productivity and Shared Prosperity”, in Abuja, said the country would require an annual growth rate of at least 12 per cent to achieve a $1 trillion economy by 2030 or 2040, stressing that higher investment would be critical to meeting the target.
According to him,...